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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 - 2:51pm

Crikey matt, this daft bloke must have consumed a prodigious

quantity of Beefeaters Gin before work day started. Or at least before he started his recitation

I guzzle gin only after work. Especially mindful to do so after roping my shiny into the rafters or drowning it in the lake. Otherwise I'm certain the fate of the bricklayer would befall this stacker. Personal experience tells me 1,000 ounces in a M20 ammo can will leave a large dent in head or toe

As for confiscation all my precious is a preciously numismaticated MOLON LABE level of secrecy. In other words any trade will never see the light of day

Our CPA will arrange a tax deferred 1031 exchange of shiny for acreage if permitted under tax laws. Failing that we'll use the AU heavy SDIRA to acquire property.

May 16, 2020 - 2:47pm

Thanks for all the Britannia reviews!

Sounds like a pretty solid Govie coin!

May 16, 2020 - 2:30pm


They would go after the banks.

Good luck having stackers bring in their Gold and Silver.

Plus it would be idiotic since they are producing and selling coins every year.

They are going to sell you a GAE or SAE and then turn around and confiscate?

Seems confiscation is always thrown out there when the price is rising to high for the banks.

They also start finding the Nazi Gold hoard, The Japanese Gold Hoard, Gold in the Philippines, Treasure ships, Astroid Mining...etc., etc.

Lots of tales start circulating when the price starts to rise.

May 16, 2020 - 2:15pm

when to sell

this time is different

its not just one country screwing up. Its many

The fiat system is screwed.

Bill Holter talks about 2 resets, the first will be announced but not work, the second will be forced and we all start with a clean slate, the same clean slate unless (I hope) gold and silver will be the difference. where we with gold and silver can redeem it for what will be the lasting new currency.

This is when the accumulated knowledge we have gained here and elsewhere will prove to be important.

I think I am correct in assuming we have all created a network of similarly concerned citizens. I have been on this site since just before its current set up from 10-12 years ago. Lost track. Its my #2 place to go to, after ZH to get a feel of the news by reeading the headlines.

I use Schwab for my broker since its not loaded with derivatives. But I know full well that once the shit hits the fan everything will be in trouble, except that which you can gain access to without needing someone else. eg counterparty risk. In the 2008 run up, I took most of my profit after tax and bought physical and I have a few smaller broker accounts and mostly trade .

My kids know where it is, as I do not have the locations written down and I am at the age where I am starting to fumble in a small way on remembering things which might tae 10-15 seconds to remember .

The funny story is last year at this time my youngest daughter, 37, came over to do an inventory and We got to the last place and we opened the safe up and I found an extra chunk of cash there which was a surprise to me.

She reminded me of the movie Caddyshack where Chevy Chase had an uncashed check for $50k on a table. She laughed and said she has to be more involved.

May 16, 2020 - 2:09pm

What's up with a weekend

What's up with a weekend getting in the way of our PM rally? Open the markets.

May 16, 2020 - 2:02pm


I see KL buying Wallbridge/Balmoral combination. They own Detour which is an active mine and a recent purchase which resulted in a sell off because the market didn't understand the reasoning of the purchase. The point of Detour is that it is in the same geographical area, so the infrastructure is already their to mine the property. I think KL waits to purchase Wallbridge because they probably want the negative overhand of the Detour acquisition to pass before making another purchase. Also, the Wallbridge value is to soon to tell, they have a lot more holes to report on and future ones to drill. Just my humble opinion.

May 16, 2020 - 1:57pm

comex circuit breakers

a pause for a few minutes if gold is up 100

if it goes up another 100 another pause for a bit longer than the first

if it goes up another 100 yet another pause for a few minutes more

when it gets to 400 up , the comex gold trading stops. Silver also has upside limits.

If that happens, will anybody want to sell physical gold or silver? As it is supplies re tight, before they unravel the problems with GLD, leasing, The Comex and LBMA game, the allocated vs unallocated game. Even if they storage place says they have it do they really have it. Eg Morgan Stanley in 2005 said they had it for big clients, charged a storage fee, game clients quarterly reports, but the first time somebody went to take it out they were refused. MS had to pay a 500k fine, BFD.

ABN Amro did it early this year. Told clients they could not get their gold and told them they had to sell it within a week, which was the week before gold resumed its upswing.

H0w many times is that repeated across the globe. Its gonna be like musical chairs, but far more player s than gold or silver.

Hell, we doubt the US gold, in the custody of the Fed no less, is there.

If thats true, when it gets exposed and eventually it will, that will push the value of gold way way up.

If I knew how to post pics, I have a chart of US debt and money supply going parabolic or exponential, take your choice and its just started now after a few decades up gentle increasing upslope

next to that I have a chart of Weimer Germany which started its parabolic move in January 1923--in November the Reichsmark collapsed, the stocks and bond market collapsed as did society. Gold was 170 per Reichsmark in 1917-it closed at 87 billion in Nov 1023 after the collapse. if the 170 bought a nice dinner for 4 in 1917, the 87 billion bought a nice dinner for 4 in some other country.

Fargo Rodger
May 16, 2020 - 1:35pm

Join the site, pay by the

Join the site, pay by the year. Where else can you hear someone talking markets while drinking a Gin and Tonic! Plus, his commentary isn't to bad either...lol. Always a great job Turd!!

May 16, 2020 - 1:32pm

Weekend: Off Topic

For those new to the site, the weekend encourages us to expand our interests/discourses/opinions to topics far afield from Precious Metals. Last week I got back into some eclectic music. I promised (threatened?) to post something I found of interest on Friday nights. Well, after following our "Fearless Leader's" example of a potent libation (or two!) last evening, I was remiss . . .

Here, for your listening pleasure, is something a bit different. Most people are familiar with Flamenco, and the driving rhythms of a classical guitar. Were you aware that there is also Flamenco piano? I didn't think so . . .

Flamenco para Borodín (After Alexander Borodin's Danza del Príncipe Igor)
May 16, 2020 - 1:17pm

When to sell silver

In dribs and dabs as it rises. By the time it hits its peak you may be all sold out and that is okay. You may want to hold a small amount for posterity.

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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

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