Guest Post: "An Open Letter to the LBMA Board of Directors", by Paul Mylchreest

Thu, Jan 30, 2020 - 11:48am

As you know, TFMR will celebrate its 10th anniversary this year. Ten years is a LONG time and it still amazes me that I've been able to meet and befriend so many folks around the globe. One such person is Paul Mylchreest...a guy whose research and analytical skills in the precious metals sector are unmatched. He's out with his latest report today and you should be 100% certain to read it.

Understand that Paul's reports are a lot like Ronni Stoeferle's in that they are lengthy and detailed. However, if you have an interest in precious metals, you simply must endeavor to read this entire report.

The world is awash in analysts, experts and traders...99% of whom have ZERO idea of how the global precious metals "markets" operate. These people see a dot on a screen and assume that it's somehow a free and fairly-derived price. It's not. Plow your way through these sixty pages and you'll soon understand why.

Many, many thanks to Paul for his effort and well as his permission to reprint his work and include it below. Again, please take time to read through this excellent piece and perhaps forward it to someone you know. Then, consider adding to your stack while you continue to "prepare accordingly".


About the Author


Jan 30, 2020 - 12:09pm


The Coronavirus is a false flag created by the deep state to force the mass adoption of beyond fake bat burger meat

Jan 30, 2020 - 12:20pm


Silver! On fire today . . .

Jan 30, 2020 - 12:58pm

I am so tired of the crooks!

Hope the FAR EAST decides to

USE BANKS like JPM and HSBC and go really long GOLD and SILVER on all the trading exchanges - even the MINIs... with their WHOLE bankroll!

Look at JPMs real physical reserves GOLD & SILVER via Ted Butler's work...

Jan 30, 2020 - 1:24pm

PM market manipulations...

Sure, it makes perfect sense that gold prices would go down for years while demand rises and supplies fall, and other fundamentals support higher prices.

The globalists had to redistribute gold in preparation for the big monetary reset, while keeping the people in the dark by killing the canary in the gold mine.

The coronavirus might be an event that (intentionally?) provides cover while they move closer toward the reset, which will include stock market losing 70%, mass business failures, etc.

Jan 30, 2020 - 1:37pm

Debt to GDP

So debt to global GDP is 320%

Can you imagine a company going to get a loan and say my debt to sales is X.

They would say who gives a shit, what is your debt to profits or cashflow.

No meant as a criticism to Paul, as it seems to be an industry standard.

We should change this to show Debt to Tax Receipts.

Jan 30, 2020 - 1:51pm

Perhaps we are jumping the "GUN"

Well done Ancientmoney they PTB know the fear from the 1930s Radio show "War of the Worlds," and also when JFK by telling the truth caused the 1963 ish "5 Days in May" - Cuban Missile Crisis.

Back then I was working in the SUPER STORE grocery business, still a teenage (19) asst. manager. I saw everthing gone (all shelves empty!). STORE WAS TOTALLY WIPED OUT IN A DAY and a HALF! It took me a week to get the whole store re-supplied. Big as a WalMart today it was... The folks were buying dog food to have food; the boxboys told me, "They don't have a damn dog." I took it very seriously. I was in the LAPD academy a few years later.

The VIRUS just UPPED SARS Virus, because By having human to human transmission in the USA - SARS did not do that. BTW China had the first case in December 2019. Numbers they have now can be crazy like thousands dead and cremated. See

We had our first case this week. So it is very early here in North America. So by April 27, 2020, will be 3 months for America - for like today in Wuhan, China it has been about three months +\-. Pray we are not near as bad as China is today.

Jan 30, 2020 - 3:11pm

WHO Declares Coronavirus Outbreak A 'Global Pandemic'

And Gold immediately gets hit on the Globex ...

Jan 30, 2020 - 3:38pm

Demorats are the scum of the earth

Americans had better wake up to the 1984 Demorat Party. How anyone can support this party is beyond all comprehension.

Democrats Kill Amendment Protecting Americans from Credit Discrimination Based on Politics, Religion

Jan 30, 2020 - 4:10pm

N95 masks are out of stock everywhere in my town...

I am going to be hopping back on a jet aeroplane tomorrow and flying out to Phoenix to visit my ailing father and so I decided that, in the very unlikely event that I run accross someone with the Coronavirus, I'd wear an N95 mask during my flights (via ORD, btw...). Chances of me contracting it and giving to him are probably still infintesimal at this point, but there is no reason to take any risks. In his condition, Corona will kill him, no question, and I'd never forgive myself. Well, there aren't any to be had in my small northern Michigan town. All the shelves have been cleared... I went to two Meijer stores, a CVS, a Walgreens, a small family pharmicist, and finally found some Rite Aid brand cheapos that are probably not N95, as they don't advertise being so. They might be capable of filtering an actual bird from the air I am breathing, but maybe not the bird FLU...

So, take it for what it is worth, people are taking notice of this thing in 'Merica. At least some people are...

Jan 30, 2020 - 4:30pm

I am curious as to why there are no cases in Africa...

A buddy of mine and his family thought it would be cool to go climb Mt. Kilimanjaro last year, and so they did. Pretty cool story, by the way, but I will spare the details for another OT thread some day, maybe...

The one thing I remember him telling me was how many Chinese were over there buying shit up and building stuff and basically taking over everything that they could lay their hands on. Seems like something would have popped up there by now. Probably just a matter of time, I guess.

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

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Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

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