Sponsored by

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

  Refresh
scoremore
May 15, 2020 - 11:53pm

Discipline

Don't buy unless you can protect your stack. Especially with these premiums. Not that I don't think they will pay but it is even more of a gamble.

My motivation is always long term.

But I have been caught at times...so speaking from experience...just as many here...maybe I am preaching to the choir...but we all have to be reminded from time to time!

That is why I why was quiet for quite awhile. Had to work on my revenue streams. So don't let my buying tempt you.

I was very disciplined and missed out on some great opportunities in the winter.

Hold your stack! If you lose any of what you have that will reduce all of your benefits.

Get right with your stack and when you can out last these premiums then think about adding.

End of Daddy's lecture!

Montross515
May 15, 2020 - 10:44pm

Big picture

Yes, we all feel like the market is giving us a tiny bit of what we have earned since 2011.

But our country has probably been destroyed. 35 million without jobs, many making more than when they worked? Malls, most restaurants killed...Etc. The destruction exceeds any idea of being invaded by Russia.

The DOW Jones level is disinformation. It reflects government buying of shares, thru agents.

Our basic issue right now is survival. Where do we hide from what is bound to come? Printing money for the masses living expenses, and then high inflation Till more printing is meaningless? We have ---- months, perhaps a few years-- then REALITY. You are going to want to find somewhere safe to hide. Got to be a place with guns and that is close to self sufficient. Some place that survived with no help in 1900. Like Iowa.

scoremoreilikerocks2
May 15, 2020 - 10:27pm

Don't sell...

Until your neighbors and everyone is talking about where they can get it is my advice.

We are almost there...then at that point you call the price.

If you need to sell then ebay...

Jm Bullion has these posted: https://www.jmbullion.com/sell-to-us/

SD BULLION has these posted: https://sdbullion.com/sell

Your local coin shop (beware know your shit) I wouldn't set foot until you know what costs would be to sell to online dealer...shipping and offer...Be on your game and prepared to walk away and politely tell them when they are real to call you.

Craigslist

But don't sell...In fact don't buy unless you can hold off your stack!

ilikerocks2
May 15, 2020 - 10:08pm

Opinions please

listening to you made me thirsty, so I had to get up and throw a drink together as well. Skol. It's nice to be celebrating a bit in this market and at this time. I have followed Turd for about eight years now, I think just shortly after you open the site. I don't see a whole lot but I read a ton and I have gleaned a wealth of great information and some not from the many subscribers and of course you turd. I personally do not play around in the stock market at all with GLD or SLV. Because I believe in holding physical, and over the last eight years I have acquired quite the stack, at least I think so, but probably nothing compared to some of you. I'm glad to see Silver And Gold finally going up, although I wish Silver would catch up soon. My question to you all,please, ..... I have a mass quite a bit of 925 silver as well as silver bullion and quite a bit of gold products and coins and bullion, of which a majority of it is still in the river at a disclosed river location. My question, I am in the Colorado area and when it comes time to sell ,at what Price range do you feel it would be appropriate to sell if you Had to take a guess and also where in the world do I sell my metals to in this part of the world, that would be honest and fair?

RickshawETF
May 15, 2020 - 10:03pm

New Trades

The soaring market this morning triggered the sale of some GDX options - I sold 40% of my options and recovered my capital, so the remaining 60% of options are "house money". Always a nice place to be!

So, with capital returned, there was no point in not putting it to work immediately. I listened to Eric's podcast this morning, and thought I'd put in some "stink bids" on Jaguar and Gran Colombia. If there's any pullback on Monday, I should get in at a better price. If things don't go my way by Wednesday, I'll bite the bullet and pay the asking . . . I looked at Freegold, but that train has definitely left the station!

The wifey and I had a refreshing Aperol Spritzer this evening, in honor of all the people of Northern Italy who have endured so much. We thought about our experience last October, sitting in the Piazza Del Campo in Sienna, enjoying a spritzer and watching the sun slowly setting on the campanile. It was a magical moment, and a worthy item for one's bucket list.

I mentioned several months ago that I had [finally] convinced the wife to liquidate some mutual funds and go to cash. Three weeks ago, I convinced her to take some of that cash, and invest it in GDX shares. Having risen $2.73 in the past three days, I look like a freakin' genius. She's in it for the long haul.

Me? I'm playing call options which have already spun back my original capital, and allowed me to get even more aggressive with shorter duration calls. I have GDX Jun 19 2020 $34 Calls which are already in the money, and I plan to wait until June 1 to decide to roll them or cash out. Life is good!

scoremoreuni59
May 15, 2020 - 9:53pm

Have you seen premiums? Try to find bars of silver

Try to get GAE's or SAE's for a decent price or loooooong back order! (If a back order is that long no guarantee you will get it unless price drops)

I wouldn't back order anything period! Your money is tied up...Good luck getting it back...Pain in the ass...Stress...then if they can't deliver and you still want you pay even more for that product you didn't want!

QE to infinity.

People not going back to work either afraid or thinking money grows on trees?

Yeah this time is different!

robobreweruni59
May 15, 2020 - 9:48pm

RE: so this time is different?

Hi Uni59,

Although I think this time is different, the Cartel's desire to rob us definitely is not. I am sure every time we make a trade, we must make it with the consideration in the back of our minds that the banks could smash at any time.

If you are feeling confident and sure of yourself, COUNT ON IT!!!

jturmelSilverSpec
May 15, 2020 - 9:46pm

Wakeup

We had a great day, but...If we don't collectively wakeup non of the fiat we make will make any difference in the long run.

uni59
May 15, 2020 - 9:28pm

so this time is different?

i have been on this rollercoaster ride for so long i cant even get excited when we have 2 good days in a row ! But my blood pressure doesnt go thru the roof either like it has in the past when we get smoked but i stay the course and hope the next Black Swan is to the upside and not down again . I think Memorial Day weekend could be the next challenge ? to get thru without a big drop. JMHO and nothing to back it up but a gut feeling cause we know the banksters will be coming after us again we just dont know when!

scoremore
May 15, 2020 - 9:18pm

I just want to go to the beach and have a Pepsi

But Gavin wouldn't let me!

I just wanted to go to the beach and have Pepsi!

I just want a Pepsi!

BUT GAVIN WOULDN'T LET ME!

Suicidal Tendencies - "Institutionalized" Frontier Records - Official Music Video

IT DOESN'T MATTER I WILL PROBABLY GET HIT BY A CAR ANYWAY!

Subscribe or login to read all comments.

Contribute

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

Recent Comments

by SquibLoad, 21 min 28 sec ago
by robobrewer, 24 min 42 sec ago
by Turd Ferguson, 31 min 24 sec ago
by Ollie, 41 min 4 sec ago