"The HUI is the new Spot Price. REACTION!"

We seem to have the makings of a major disconnect, and it is worth talking about:  the mining indexes are raging, while the spot price "markets" are looking more and more like the ugly step-sister nobody wants to dance with.   Billions of dollars are flowing into gold and silver miners, yet all the while PM "price" continues to lag, largely because it is set by the traditional flawed paper derivative dinosaurs.  Regardless of how or why this is occurring (deliberate plan or free market), one thing seems evident:  HUI is the new Spot Price, and Spot Price is Dead!

TFMR Podcast - Friday, August 19

The week ends weakly as gold managed a small gain but silver and the miners were down. Now, with Sep16 Comex silver nearing expiration, should we expect more downside next week AND, if it occurs, will this present a paper and physical buying opportunity?

Another Week Ends

The metals are lower again this morning as bonds once again sell off and interest rates rise. Frankly, however, it could be a lot worse as gold is still UP $5 on the week as I type.

A2A with Alasdair Macleod of GoldMoney

A simply fantastic webinar today with our old pal, Alasdair Macleod of GoldMoney. This baby checks in at slightly more than an hour but I can assure you that it will be worth every second of your time.

Post-FOMC, The $1360 Gold Cap Holds Again

In some ways, this has been quite remarkable to watch. Gold approaches or breaches $1360 and immediately it is beaten backward. This has now happened five times in the past six days which obviously means that it's just another coincidence and curiosity of our free and fair, totally unmanipulated paper gold market.

TFMR Podcast - Wednesday, August 17

A schizophrenic Fed proves yet again that it can't be trusted as it releases what are obviously doctored and altered minutes from its most recent FOMC meeting. The fun thing is...human being traders are beginning to wise up and see through the BS.

Another FOMC Blitz

I don't know about you, but ole Turd is sure getting sick and tired of these FOMC statements being some sort of be-all-end-all for the "markets". And with gold UP nearly $300 or 30% since The Fed raised the Fed Funds rate back in December, maybe we should all be pulling for higher rates anyway?

Cold War Heating Up

After reports of an armed "skirmish" in Crimea, there are now steps being taken by both Ukraine and Russia which might enflame the crisis. Thus, as usual, this week's JBSFC is required listening.

TFMR Podcast - Tuesday, August 16

A day of Fed Goon jawboning designed specifically to support the POSX and, by extension weaken the yen, led to volatility in the metals. However, tomorrow brings the release of the FOMC minutes from July so if you thought today was crazy...

Gold Capped At $1360...Again

Wow. For the fourth time in five days, gold was brutally capped and smashed at the $1360 level again today. Oh sure, there was some Fed Goon blabbering to assist The Banks in this effort but the charts are undeniable. The Banks are working to hold gold below $1360 and, so far, they're being quite successful.

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