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TFMR Podcast - Friday, May 15

215

It was a great end to a great week where the old TFMR adage is proven yet again. To celebrate, I thought we should make this podcast immediately public in the hope that more people will choose to come along with us on this ride.

We are in the early stages of what will be the greatest precious metal bull market you are likely to see in your lifetime. To profit from this...and to secure your future...I urge you to consider a membership to TFMR. Its only $12/month and, this weekend only, we're running a discount due to the uncertain economic times.

And just so you know, it's not like we just stumbled upon this last week. Here are links to our two most recent annual forecasts. Please take a look. You'll see that we're clearly onto something and ahead of the curve in terms of analysis:

So, if you'd like to join us, just go to this link: www.tfmetalsreport.com/subscribe. Once there, select the monthly subscription option and then enter the coupon code "GOLD". This will save you $6 on your first month but every dollar counts at a time like this. I hope you'll join us. You'll find that the regular $12/month cost can be made up pretty quickly through the information we share here.

For today, just a lengthy general discussion followed by a mention of this story that broke right after the NYSE close: https://www.zerohedge.com/markets/fed-warns-stocks-face-significant-decl...

From there, we begin with these screenshots:

Next, we discuss Comex gold and silver and the persistent premiums/spreads versus spot:

Next, we check the daily and weekly charts of the mining shares:

And we close the week as we always do, with a look at your latest CoTs...which remain the most"bullish" since late June of last year.

Again, I hope non-members of TFMR will take the time to join us. You can bump along doing your own thing OR you can spend 40¢/day to learn A LOT about the precious metals and mining shares and then put that knowledge to use.

Have a great weekend, everyone!

TF

  215 Comments

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DeaconBenjamin
May 16, 2020 - 9:22pm

Inflation

Watching the replay of game 7 of the World Series. They reported that, in 1924, the Washington Senators' winning share was only $6,000. Well let's see, 300 ounces of gold times $1750 is $525,000. Not so shabby. Plus, a little more buying power with 300 ounces of gold in 1924.

Welder99RickshawETF
May 16, 2020 - 8:54pm

Keyboard Junkie Here

That was an interesting mix of nylon string guitar and piano, new blend to my ear. The melody frequently returned to "Stranger In Paradise". Light and delicate, probably best paired with a Rombauer Chardonnay .

Oneagleswings
May 16, 2020 - 8:51pm

Constitutionalist

As a Constitutionalist, a small business owner for the last 22 years residing in NW suburbs of Chicago I just returned from a day trip to an Open our state rally in Springfield. While it was a good rally and may or may not see the local msm channels, there were at my best guess maybe 1300 citizens.

Though encouragement abounded that there wasn't 15K people there was to say the least very discouraging. We get the government we deserve. Pritzker is a dictator and to date has been functioning as one.
Good weekend to you all.

uni59
May 16, 2020 - 8:51pm

wells fargo

buy some land dont put all your eggs in one basket i am still not back to even after 2013 in silver or a couple of my miners but i havent lost 1$" other than paying property taxes" in land in 40 yrs and yes i was a buyer in the 80s thou the bank didnt want to loan me the money

bilambiljet
May 16, 2020 - 8:48pm

Cost of Subscription

I'm here in Aust where the the USD/AUD trades @ 1.00 : 0.64. That is my monthly sub costs me AUD$15.60. On the flip side my 1 Oz shiny @$1750 is AUD$2730. That will do me every day of the week. Listen every day though rarely post. Excellent value for new subscribers particularly for us down here. Thanks Turd.

mavensscoremore
May 16, 2020 - 7:59pm
lakedweller2RickshawETF
May 16, 2020 - 7:51pm

@Balmoral

Good buy. By the time I checked, I had missed the arbitrage opportunity. Next time I hope I check.

scoremore
May 16, 2020 - 7:47pm

Posting pics...

Use this sight to upload a screen shot.

Take your screen shot, save on your desktop and upload here:

https://itsosticky.com/

Once uploaded copy the "Direct Link" url

Then click on this in the add comment box....

Then put your copied "Direct Link" (some web images will work without uploading. Just use their URL) into the URL box and go below hit original Image.

You should see your image and hit ok below.

SteveWOrange
May 16, 2020 - 7:40pm

Driving

I drive alone wearing an N95. I'm on my way for groceries. Don't ask about the other covering.

goldfanbradjack3617
May 16, 2020 - 6:59pm

Wallbridge and Sprott

Eric Sprott has several times said that Wallbridge is his favorite stock, and he expects Tens of millions of ounces. He also owns around 25% of Wallbridge, and a large percentage of Ely Royalty which has a net smelter royalty on Wallbridge. Most majors love to buy explorers for cheap. Like 1.5 times current price when the major knows a company is worth 5 times current price. Sprott will not let Wallbridge go for pennies on the dollar. He knows it likely has a future value of many multiples of current stock price. He is a large enough owner where he can stop a takeover by a major at a price he isn't thrilled with. He also isn't hurting for money so an offer of double current share price won't necessarily thrill him like it would most people. There will be a buyout, but it won't be cheap and likely won't be for 12 to 24 months at the earliest. Wallbridge is also likely soon going to sell off or spin off some of its other land holdings with nickel and copper potential, along with some nickel projects acquired from Balmoral.

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Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

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