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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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connieTF
May 15, 2020 - 7:31pm

GLD = Yellow snow. Nuff said.

GLD = Yellow snow. Nuff said.

scoremore
May 15, 2020 - 7:13pm

So if you tuned in last night you may have saw that I scored

3x Tubes of 2020 Silver Britannia's. Good price (if you call $20.69/ea good - $16.20 spot at the time). Thought about Maples but many times have had spotted product.

I have never owned a Brittannia for one reason or another.

So has anyone out there owned Britannia's and can speak to the quality. Do I need to worry about milk spotting, sharp edges, etc.?

Looking for a review from an owner of Britannia's.

scoremore
May 15, 2020 - 7:02pm

As I was struggling pulling the trigger last night...

I mentioned $16.61 as a point of resistance on the Spot Silver chart...

Check out the chart below where we ended!

And if you follow that red dotted price line to the left it hits those two low points before the big drop.

DeaconBenjamin
May 15, 2020 - 6:59pm

Luke Gromen - No Region Will Be Left Unscathed

Luke Gromen - No Region Will Be Left Unscathed When Debt Bomb Explodes
RonUK
May 15, 2020 - 6:52pm
twippers
May 15, 2020 - 6:51pm

All smiles

The best Turd is an ecstatic Turd!!!

silverseekerOutback
May 15, 2020 - 6:48pm

Monthly Charts for perspective

Rickshaw posted May 'Rough Rice' performance comparison in the 'Soaring Silver' thread earlier today for perspective... very instructive to pull up those Monthly charts.

Silver has been abused by the bullion banks for so long, there is massive relief even on a $1 dollar rally. Pull back those charts to monthly views and recalibrate- there was ZERO warning in Aug 2010 when Silver blasted off. It didn't retest the breakout. Anyone selling into 'the rally' via high RSI, etc never got a pullback until Jan 2011 @ $30; then it proceeded on to $50 with $8, $5 and $10+ dollar months. If you were trading then, you know 10-20X gains were not uncommon.

This is why we hold on, looking at the fundamentals; and remembering advice from folks like Eric Sprott: "You have to be sitting in the room alone, long before the party starts; buying the best of those unloved shares"...

Thank you Craig for inviting the public in on what we all hope will be the first week of many exciting weeks to come. We are battle hardened, and should we suffer the 310th 'fake out'; we'll just hang in tough and grow the stack.... Can't see anywhere else in this market I would rather be, nor a better place to enjoy the ride.

SilverSpec
May 15, 2020 - 6:39pm

The Rothschilds

faked the moon landing. Building 7 never even existed. JFK was assassinated by the CIA for giving Saddam Hussein the weapons of mass destruction.

Wake up somewhere else people. Can't we just chill out and make some fiat together?

4 oz
May 15, 2020 - 6:38pm

Was a Fine Week~~~~~~~

Today was fun....(And not bad ----for the seasonally weak month of May!)

cobber1212
May 15, 2020 - 6:27pm

Yahoo!!!!

Finally!!

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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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