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TFMR Podcast - Friday, May 15

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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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HistoryStudent
May 16, 2020 - 6:54pm

always appreciated James Sinclair

https://usawatchdog.com/simple-math-says-50000-to-87500-gold-price-jim-s...

He has been right before. Only missed it by $12.50: He said $900 it hit $877.50 back the last time 1979-1980 ish...

Imagine he even talks SILVER!

UltraBoyAngry Chef
May 16, 2020 - 6:22pm

Hong Kong flu

I remember that flu, it was the worst flu I ever had. The word in that day was, get rest, drink fluids and relax....the word today is fear, fear, fear...because massive debt collapsing the economic system must not be blamed on the central banks....it must be blamed on a stupid virus......

....and another thing, I suggest we stop referring to being Republicans or Democrats and start calling ourselves Constitutionalists....because both sides of the aisles have left the Constitution and have embraced fascism....just look at the massive governmental power grab from both parties because of this "virus" ......."they" know the system is going into chaos and don't want "us" gathered together discussing how "they" have sold us down the river....hence the attack on the 1st Amendment rights.

golden needle
May 16, 2020 - 6:19pm

posting pictures

Hey all you metal fans

Could someone tell me how I can post a picture here? I've tried six ways to Sunday to post and no can do.

Much obliged

cyclemadman
May 16, 2020 - 6:03pm

Confiscation Ideas

I believe the governments, not just here in the United States but he world over will confiscate what they can see and where the money is. Let's face it, very few people own a significant amount of precious metal. In fact, most people look at you like you have two heads when you start to talk about it.

401k and other retirement accounts, now that is where the money is. There are easily traceable records in regulated financial institutions ripe for government strong arm tactics.

They will nationalize retirement accounts long before they even think about the puny precious metals market.

Angry Chef
May 16, 2020 - 5:47pm
Angry Chef
May 16, 2020 - 5:46pm

Hey Newbies...

Here's a link to all the findings of Laura Silsby caught trafficking children out of Haiti for the Clintons. The Clinton's then worked to get her out of jail. These are facts. Don't use Google use another search engine.

https://duckduckgo.com/?q=LAURA+SILSBY+CAUGHT+TRAFFICKING+HAITI+&t=h...

Angry Chef
May 16, 2020 - 5:41pm

A Message To The Mainstream Media

Here you go CBC...

A Message To The Mainstream Media
Benitho
May 16, 2020 - 5:18pm

Wallbridge will...

...most likely get taken over by Kirkland Lake, no doubt in my mind.

KL will probably wait until the Balmoral takeover has been digested and a few more drill results come out.

I will not sell one share until the takeover, that much is certain.

That´s why I also got some Great Thunder and Midland recently, btw.

RickshawETF
May 16, 2020 - 5:14pm

More for Newbies . . .

Thanks, dangerkitty, for your excellent post!

I would just like to add a personal anecdote. Back in late February, someone on this site (sorry, I forget who, so can't give you proper credit!) pointed out that Wallbridge and Balmoral offered an arbitrage opportunity (Wallbridge had announced an offer to buy Balmoral for 0.71 shares of Wallbridge), as the Balmoral price did not reflect the value of 0.71 shares of Wallbridge.

On March 3, Wallbridge was selling for $0.595 per share, which made 0.71 shares worth $0.42245 (presumably, the true value of a share of Balmoral). At that time, Balmoral was selling for $0.363 per share -- an arbitrage opportunity of 16.3%!!

I sold 6,000 shares of Wallbridge, and bought 10,000 shares of Balmoral with the proceeds. On or about May 22, those 10,000 Balmoral shares will be converted into 7,100 shares of Wallbridge. As a result of that post on this site in late February, I will soon own an additional 1,100 shares of Wallbridge at no cost.

That is an example of the invaluable information disseminated at this site that you can take to the bank!

Edit: On second thought, "taking it to the bank" is a very bad idea. We here at TFMR all understand that the moment you deposit fiat currency into any bank, it immediately becomes the property of the bank, and you are merely an unsecured creditor. Oh, and can you guess who might be a "secured" creditor, and first-in-line for any assets of the bank, should it get into trouble? Derivatives holders! Those derivatives are CDO's, which means "Collateralized Debt Obligations" and it is the collateral claim that moves them to the head of the line . . .

UltraBoy
May 16, 2020 - 5:11pm

Got one of these for $ 19.65 / oz

Now I just have to wait for it....took 2 months to get my first order and will most likely take another month for my 2nd and two more for this one...imagine when silver is over $25 and you just wake up and realize that you need some silver? Good luck.

https://1xetvr3x5ya23s25ko1vp4f9-wpengine.netdna-ssl.com/wp-content/uplo...

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Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

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

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