Sponsored by

TFMR Podcast - Friday, May 15


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!



May 16, 2020 - 4:45pm

Free Podcast Listeners

I joined TFMR years ago after listening to one of these free podcasts, Craig excels at technical analysis of where the comex banksters will attempt to smash pricing affording us the better spots to purchase physical. He's our constant eyes and ears on the markets, tells it like it is.

The true value is the members, we've have the brightest and smartest folks from around the world posting here, the information found in the daily threads is invaluable. For instance, we saw the coronavirus implications back in January, had our families stocked well in advance.

Craig brings in the very top movers and shakers in the metals and financial industry for Thursday chats, he appears on major podcasts around the world, and Craig is the real deal, personable, honest, down to earth good guy who wears his emotions on his sleeve, and can get rather animated about the precious metals. (That's a good thing!)

Granted this is the weekend thread, we get a little loose, but in the weekly threads, it's metals business and plenty of it, so I hope you like what you see and take up Craig on this special offer for a discounted test drive, and join the fun, the metal action starting to heat up!!

May 16, 2020 - 4:42pm

When to Sell Silver

NEVER! -- It's money.

That being said, many of us may have specific reasons to use some of that money to pay off debt. I have 1,300 oz. of silver set aside to pay off my mortgage. I begin some liquidation at $50 silver, and continue up to $130 silver at which point I will have paid off my mortgage entirely. Because of the Federal "collectibles" tax, and state taxes, I need to realize prices of $59.90 to $166.30 per ounce to set aside enough for taxes to be paid out of the proceeds. I also factored in a 5% commission on all silver sales, assuming I go through my LCS.

Using money to pay off debt makes perfect sense to me -- assuming you have enough in PMs to not leave yourself short. Once I had stacked enough for [pretty much] every eventuality, I began the systematic building of a "silver stack" to specifically pay off remaining debt. My assumption is that once silver breaks through the $59.90 threshhold, it will be about a two year time frame to achieve $163.30 -- if it rises more quickly, it just means I pay off my mortgage sooner.

If we get Bill Holter's "You'll see days where silver goes up $5 or $10 . . ." then I will probably slow my stash liquidation to every couple of months, anticipating that I will need to sell fewer ounces to achieve my goals . . .

May 16, 2020 - 4:40pm

Don't worry newbies,

Angry chef is a crazy canadian who posts all sorts of conspiracy topics that are mostly disproven on the fact check sites. He doesn't really own any precious metals and more then likely russian is his native tongue.

There I said it.

No mas.

Angry Chef
May 16, 2020 - 4:18pm
May 16, 2020 - 3:58pm


Never bought into the idea of government confiscation in the U.S. for several reasons. Number 1 has always been the fact that the banks and bankers are accumulating ag and au and have bought massive amounts, where this goes is anyone's guess. Some may go to the government, if I could print money I would buy hell out of it. If it was proven to me that they don't hold it and pass it for profit, I would be concerned but I doubt that is the case. Do as the banks do and you won't go wrong, in the words of J. P. Morgan " gold is money, everything else is credit"

Also selling any of it for any current currency in the world don't make a lot of sense, the very reason to buy it is all a bunch of crap. This has all probably been discussed mucho times so it might be best to ban me, words of Groucho Mark still ring true, thanks Joe

Angry ChefNoteriety
May 16, 2020 - 3:40pm

Notoriety... The CBC

...Hey CBC ( Communist Broadcast Corp. ). Maybe if we hadn't been lied to all our lives about EVERYTHING your propaganda might work. Unfortunately the propaganda doesn't propagate like it used to.

May 16, 2020 - 3:27pm

Libero, I agree 100%

Don't recall if its David Morgan or David McAlvany who talks about having two stashes, your play/speculative stash and your core stash. Your core stash never trades. Your speculative stash is available for exchange into fiat, high quality stocks, land--whatever you envision.

Mike Maloney was talking about an assistant of his from Bulgaria. There was a hyperinflation in the Leva. His grandparents were able to pay off their house mortgage with $100 equivalent in Swiss francs. Perhaps you would be able to pay it off with 100 Britannias instead. There are reports that a quarter ounce coin in Venezuela (presumably a silver 2 bolivars) can buy a month's food. Is this worthwhile?

A decade ago, when my stack was smaller, I would sell a roll of silver ounces when silver hit $25/$30/$35/$40/$45. I still have the roll that I set aside for $50. I look to do the same thing again. I'll start with some 1 ounce (ASW) .925 coins at $25; go to the .925 Canadian Olympic coins at $30; perhaps silver bars and rounds at $35 & $40.

We cashed in an investment account for our daughter when silver was $14, and put it in silver (2008). When silver hit $45, I suggested we sell 1/3, and the rest would be house money. My wife asked -- what good is fiat? I wish I had been able to convince her to lock in some gains.

indiana rod
May 16, 2020 - 3:26pm

March 17,2020 Article by Przemyslaw Radomski

He predicted $10.00 silver. And went on to say

"It also insures that silver is very likely to decline AT LEAST to $9. At this point we can't rule out a scenario in which silver drops even to its all-time low around $4-$5."

You can subscribe to the all-inclusive package for $450.00 per month. It's a little more expensive than T F Metals but you get his expert advice and a boat load of charts.

May 16, 2020 - 3:20pm

Circuit Breakers would be on sale

$100 is is awfully inexpensive for a circuit breaker in today's gold market. That is only +6%. If that tripped I can't imagine the electricity going into physical and miners.

May 16, 2020 - 3:07pm


Thanks for the reply. Are you an owner of the stock. I'm not familiar w/explorers so was wondering how long you might think before it is sold. The way Sprott explained his answer it was like he was telling people it was for sale. Sprott now owns 25% & KL 10% so do they want a fast sale & the money up front

I'd rather wait longer for more bang for the buck. Once gold starts going north WLBMF should jump in price. Since I backed up the euclid I want to be patient because these miners should scream.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods