TFMR Podcast - Wednesday, June 22


It's not every day that I beg/implore you to listen to the podcast and call it a "must listen". But these are no ordinary days and this is no ordinary podcast.

So, for today, just a very important discussion about the paper metal "markets" and the looming Brexit vote. Then we get into the charts. First, these two of the USDJPY:

And this of the POSX:

We throw in a little DrC:

And we conclude with gold, silver and the HUI:

Lastly, here again is the sign-up link for A2A tomorrow with Greg Mannarino:

Be ready for a wild and wacky Wednesday!



Jun 22, 2016 - 11:27pm

Is Silver Next for Chinese

Is Silver Next for Chinese Speculative Investors?

There appears to be a pattern in the movement of frothy capital

by John Lee,

The roulette game all started in the fall of 2014, about two years after Chairman Xi Jinping came to power and became the general secretary of the Communist Party of China.

Xi Jinping had campaigned for socialist economic reform, including a sweeping anti-corruption drive, cutting excess production capacity, tightening of housing credit, and clamping down on gaming in Macau. Public feedback was initially positive. However, largely as a result of those policies, Beijing was facing an increasingly grim economic growth outlook which was the worst in more than two decades*. Manufacturing activity in China slowed along with the global economy and the construction sector stagnated.

Read More

Jun 22, 2016 - 11:32pm

@Royal Flush & AE

You got that right! Where can we get one of these babies!?

Jun 22, 2016 - 11:53pm

Is Silver Next for the Chinese . . .

tyberious --

Where did you get the picture of Marchas45's stack ????

Jun 22, 2016 - 11:59pm

If you want to judge your risk management

I guess, according to this article... risk management is all about not given up your investment returns to high fees, commission etc. 

Wow, I'd also claim that all Turdites carry too much risk! Come on. Leave your "money" (currency) in the Ponzi and give up trying to beat the market. (We do theorize that it is all predetermined charts destined to reset the gold and silver prices to benefit a few right? [luckily this community is apart of that few because we've separated from the brainwashing and realize the importance of money])

Jun 23, 2016 - 12:05am

How It All Ends . . .

As Turd likes to remind us, "It's not how the week begins, but how it ends, that matters." When our global finance system goes, it's going to be the Mother of all collapses.

I just finished the book When Money Dies, and if we truly get hyperinflation (I know, I know -- the increase in our current money supply is ourinflation), we are truly, royally screwed. Having [stored] food, PMs, friends, and faith may not be sufficient to see us through. Germany was a relatively homogeneous country of people with good morals, educated, and with a good work ethic in 1919. Yet, they reverted to the basest of instincts and behavior that I would have thought them incapable of. We won't be that lucky (our misery won't be that short in duration, and it will be a lot more violent here).

Jun 23, 2016 - 12:28am

Where is BO ????

It's almost July and Bo is a no show.....

NO CRASH, NO SPIKE, NO TIME LEFT????????? I'm sure there is a VERY good explanation.......

SteveW canary
Jun 23, 2016 - 12:56am


Ty: "We do not target the level of stock prices. This is not an appropriate thing for us to do".

I'm sure that's true. They do target the STOCK MARKET (S&P 500). Just a little spitting of those fine grey hairs, if you know what is is. wink

Jun 23, 2016 - 1:16am

Chinese Fix

several chinese and other entities that deal in some form of precious metals all got together and made an agreement

"let's all agree daily upon the price that we will use to settle our days dealings"

"ok ok ok ... " they all agreed.

so now, every day, they use their private fix price to settle their private metals transactions.

We at TFMR could have a TFMR fix. Turd, Charlie, Infometron, gazz, Dr J, and tyberious could all agree on a daily fix price. or they could have a program do it. factor in the USDX, the daily highs and lows, and 'bam', there it is, the daily fix. All their warehouse metals, mine supply deliveries, shipping and refining rates for the day etc etc... would all calculate per the daily fix. That's all the daily fix is.

Metal is constantly moving so you can't have each step in the process sitting and waiting for the chart to tic just so, (like a stacker outside the coin shop watching his smartphone chart app waiting to pounce) so they have a daily price.

go into a jewelry supply store to buy some .999 fine wire and there will be one price posted on the wall. it's a "fix"ed price for the day. 

One thing about all these fixes- the people or programs that set fixes determine the fixes based (at least in part) on the live chart price. did you catch that?? they look at the chart price THEN determine their fix price. Now, did you just squint one eye, cock your head sideways and slowly say "wait a minute..." ?? exactly...

this is not how the media describes the "fix". the media talked about the Chinese fix like it was some intergalactic force that would internationalize the Chinese "markets" power over the price of all things PM related.

The Chinese Fix has launched!!! "China is in control of the precious metals price" boomed zerohedge. What they could have said was "Some guys in China now agree upon a daily price, that is based on the chart price, for the settlement of their private transactions" that's all it is. whoopteef'ndoo right?

or why not just say nothing as it is completely irrelevant. ZH never mentions the jewelry suppliers fix in Boise Idaho, or the daily buy fix for gold dust mined at the Alabama Gold Camp down on Crooked Creek. They too are "In control of the price of silver and gold" right?? yeah.

nevermind the plain sight reality that the silver and gold prices are as faked as a $3.00 bill. Let's go with the official story and pretend that the silver and gold prices come from an amalgamation of headline reading Algos trading, HFT trading Algos, the PPT trading, the central banks trading, specs, bullion banks, and anybody else zh wants to throw in there... As ridiculous and proven false as this silly story may seem, LET's pretend that this is where the silver and gold chart prices come from, ok??

Now let's ask ourselves... if that is where the chart prices come from..??..and if the "Fix" people then determine their daily fix prices based on that chart price..??.. Then how in the world does agreeing to a fix price supposedly control the chart price? IT DOESN'T!!!!! Not even in the ridiculous context of 'legitimate market fed charts' does anybody's "fix" have anything to do with anything.

Could this be more simple? Yet how many people were so confused by all the Intergalactic Chinese Fix Superpower stories that they thought the Chinese Fix was a big deal, when in reality it couldn't be more meaningless.

that's how deception works...

first the lies trick them, then the lies control them

first they group-think along, then they operate autonomously based on the lies. once their imaginations start referencing superstitions and creating their own proprietary blend of misinformation... then you've got a real mess on your hands.

now that the chinese fix has officially launched, yes... the gold laden "Chinese" are now fully in control of the world's silver and gold prices. this is a nail in the coffin of the usd and the end of the petrol dollar and the u.s. hegemoney. get away from this stuff if you can. Get to physical Silver and Gold. Prove all things and hold fast to that which is true. Think with your own little noggin and trust NO man.

Isn't she beautiful-


Only Silver and Gold are Money

Jun 23, 2016 - 1:38am

Cable (GBPUSD)

A massive head and shoulders pattern over the past 25 years. Cable closed today at 1.47, with the all time low over the past 25 years at 1.35, which will surely be broken if the Brexit faction wins the day tomorrow. FX traders for the next couple of days are going to need lots of diapers and sedatives!

Jun 23, 2016 - 5:18am

GSR Chart

60 day chart shows a perfect Double Batman pattern. In all my years of charting I've never seen a Double Batman. Legend has it if goes down from here it'll probably be less than where it is now, but if it goes up from here it'll probably be more than where it is now.

Jun 23, 2016 - 6:21am

BREXIT...... Vote cast to LEAVE.


( Admiral Lord Nelson 1805)

Unfortunately I too am of the opinion that the 'result' has already been rigged, but even I have been amazed and disgusted at the negative, opportunistic and dishonest remain campaign. 

We have done our duty .........and now can only hope !!!

Jun 23, 2016 - 6:23am
Jun 23, 2016 - 6:44am

British Flags put up in major European centres...

NOT to show solidarity with Remain.... BUT to show they Fxxxxxg OWN us !!! 

Basil Blackshook
Jun 23, 2016 - 7:13am


"Unfortunately I too am of the opinion that the 'result' has already been rigged..."

Just wondering what sort of evidence you have to to support your allegation ?

Who do you suspect of masterminding the rigging ? How does the rigging operation work ? Do you perhaps believe that the people counting the votes are bribed in some way ? Or the Accredited Observers chosen by the Electoral Commission are themselves corrupt ? Or perhaps you believe that Jenny Watson , the Chief Counting Officer is corrupt, as are all those overseeing the result ? Fascinating.

Jun 23, 2016 - 7:16am

Forex markets crazy.

Brexit is Adderall for the Forex this morning as the Dollar denominator takes a beating. S&P Futures a big push today as metals get a nice early monkey hammering on behalf of the USDJPY moving up $1.40 in 3 hours.-LOL. Now this can't be central bank intervention can it? 

J Siefert
Jun 23, 2016 - 7:17am

Heh Brits !!

If Britain stays in the EU you risk losing this one day... think about it?

Jun 23, 2016 - 7:26am

Basil.. result rigging ...shock !!


Am I to assume that you are not up to speed with all the dialogue / evidence on the subject of result rigging... just on this site alone ? Or do you simply deny it could ever happen. You appear 'fascinated' by the prospect. I do not wish to insult you in inferring that you may be a bit 'naive' but 'Basil' your approach does seem to be a bit, how can I put it ' FAWLTY' !! oops...

Jun 23, 2016 - 7:42am

Brexit-why must the markets be moved higher?

I'm just trying to understand why the markets are being lubed and levitated to move higher prior to an outcome. I'm of the opinion that Brexit has little to do with the markets being manipulated higher, it's just the cover story. The cartel needs to push the markets higher to paint a technical breakout. For the S&P it is another Head test. If they can not get above 2120 on a weekly close it may spell trouble. If you were truly pricing equities one would be neutral on trading prior to the results. So the excuse is Brexit fails because the market has it priced in. But if there wrong- oops. -They won't let that happen. So deceptive this manipulating cartel. 

J Siefert
Jun 23, 2016 - 7:50am
Jun 23, 2016 - 7:56am


It is not deception, it is incompentence.

Jun 23, 2016 - 8:29am

Here is how the Scottish count votes

Video unavailable

Really sad to see.

Hope the British have put cameras in place. I am sure they learned from the Scottish vote.

Jun 23, 2016 - 8:50am


Bo conducted an interview that was published last week (not sure if it was posted on this site).

In the interview he claimed June 9th was the last cycle high and he expects a fall out from here with a cycle low in August. so we will see...

Jun 23, 2016 - 8:52am

USD/JPY up $1.40 gold at

USD/JPY up $1.40 gold at 1260. It's going to be a wild one today. The forces pulling on each side are not going to give up, epic battle 

Jun 23, 2016 - 8:54am

Your vote counts

What a steaming pile of stinkin' pig shit!

How come that little dweeb performing the sleight of hand - shove the cards up ya sleeve trick- is not in jail right now ?

Vote?? my arse the Brits are stuffed

15 years in the slammer might be a reasonable deterrent?

Jun 23, 2016 - 9:08am

@AIJ Re: Bo

Price predictions based on cycles is about as meaningful as making predictions from this:

Jun 23, 2016 - 9:09am

@AGAU Re: Your vote counts

I'm with ya there, any interference with voting in a democracy should be the highest crime possible within such a state, correspondingly meted out with the most severe punishment. Hang 'em, I say! How's that for deterrence...

Ruislip Ranger
Jun 23, 2016 - 9:26am


Just cast my vote at the polling station, apparently any votes marked with pen are void everything has to be written in pencil.

4 hours in to vote with no exit polls yet available and the MSM claiming there was nothing in it the Bookies have 'Remain' at 1/9 on...go figure that.

I've no doubt this vote will be rigged.

Jun 23, 2016 - 9:30am

I predict rain

just a hunch

Jun 23, 2016 - 10:05am

When will polls close, and when will we know the results?

Polls close at 10 pm in the UK. That’s 5 pm Eastern or 2 pm Pacific here in the US. But results aren’t expected for several hours after the polls close. Here’s a handy chart from MarketWatch showing how the night will go:

So if one side wins by a comfortable margin, Americans on the East Coast will likely find out around 11 pm local time. On the other hand, if the race is close, we may not get the results until well after midnight.

Jun 23, 2016 - 10:15am


Yesterday, I sent an email to the OTC market asking them for a reason as to why the Avnel Gold ticket symbol had been delisted as I could find nothing about it on the internet or their site at all. Today, I got a return email from them. It is posted below.

The security's Cusip was suspend which resulted in the symbol being deleted by FINRA. If the company feels this was done in error the company must contact FINRA Operations at +1 866-776-0800.

Not sure what this means or why it was done. Might behoove the company to look into this as I am sure I am not the only one who was affected by this decision. Also, who is the first entity investor's will blame for this occurence--the company, of course. Just thought you would like to know what I heard from OTC about this situation. Thanks again for all your efforts to help me try to get to the bottom of this rather unique situation.

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