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Thursday (Friday) Conversation - David Jensen

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The #SilverSqueeze movement has been rolling for a couple of weeks now and it has certainly been interesting to watch. However, for it to have a long-term impact, we must continue to draw physical metal away from the Bullion Banks and force a de-leveraging of the fractional reserve pricing scheme.

It is in understanding this that I reached out to David Jensen this week. You'll recall that David is an expert precious metals analyst and that he played a vital role in documenting and explaining the #PalladiumSqueeze" of 2016-2020.

So let's bring this full circle. Can silver ultimately be squeezed in the same manner as palladium? Recall palladium saw its price move up 5X as The Banks were forced to unwind leveraged short positions and source actual, physical metal, instead.

If this were to happen in the weeks and months ahead, what would be the signs and signals to look for? For that answer, we turn to David. Please be sure to give this podcast a thorough listen and note the chart below when he mentions it in the second half of the podcast.

Thanks for listening and sharing.

TF

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zman
Feb 13, 2021 - 12:58pm

COT Reports

The recent report shows the commercials are down to 292k NET SHORT contracts. This is still a very high level of short positions and I would feel more comfortable when this level drops to a much lower amount. I just don't see a major rally occurring with this high level of shorts by the commercials.

AGXIIK
Feb 13, 2021 - 12:49pm

One short note and observation from the silver permabull

On the Friday before a 3 day weekend silver not only avoided a weekend selling down tick it ended up 41 cents. That makes me optimistic that we might avoid a Sunday night drive by massacre or, if nothing else, an value uptick that gives us some breathing room if the monkeys decide to hit us hard in the middle of the night

Cheers everyone

Thank you Benque, you made this retro-inverted Churchillian pessimist laugh

benqueLP
Feb 13, 2021 - 12:45pm

LP, there IS a crypto forum..

...but you wouldn't know that of course, because the crypto-brains won't effing use it. I and others have been critical of the crypto-pollution of TF Metals Report for YEARS.

The crypto pumpers were told to use the forum, on all but Sundays, when they could post a FEW crypto posts on the main thread. Well, that didn't last very long. Within days, they (he actually) were back to clogging up the main threads every day.

The only time we seem to get any peace and quiet, to discuss metals, is when the bit-shit takes one of it's frequent, mind-numbing drops, of 30 or 40%. THEN, we are lucky to have a few days of nice, relaxing PM discussions. You know....what we pay MONEY to do here.

But, it only take a few days for them to invent some excuse for the huge drop, and start pumping the cyrpto-crap all over again.

Complain to the management! Crypto talk to it's OWN forum! As decided and facetiously AGREED TO, years ago. Really, how can you trust someone who totally disregards a policy they agreed to adhere to.

Its like they've taken a cue from Lloyd Blankfein: "We're doing God's work"

Yeah, "it's all because we love YOU, and want to protect YOU, and help YOU"

LiberoAGXIIK
Feb 13, 2021 - 12:35pm

AGXIIK

I sent you a private message.

AGXIIKAIJ Tahoe
Feb 13, 2021 - 12:23pm

I think Churchill also said

'If you have them by the balls their hearts and mind will follow'

If opportunity was easy everyone would be a millionaire living on easy street.

My personal experience is that when opportunity comes along it needs to be examined from all angles, tested against the history of similar opportunities and then beta tested with real money and time invested to see if the model works.

Churchill was very lucky. He came near death many times. His success as the leader of Great Britain was not his view of optimism or pessimism although he had plenty of the former. Many times he had to fake it til he made it.

His massive force of will, powerful oratorical skills and most important of all, the will of the British warriors who were a fight to the death. Churchhill was a good cheer leader and an optimist but he was also on the precipice of failure many times. He fucked up plenty of times, bailed out by people who looked past his optimism and dug into the world of battle tactics, intelligence, the wealth of men and war material the US provided.

Optimism will get you a long way. Pessimism is speed bumps along the way to remind us, even on an instinctual level, that there are real dangers to our personal and financial well being while we walk a path of the Eternal Optimist

I am, in my world and business, one of the most optimistic people you will ever meet. I can take a scrap of paper with a few sentences describing a business model and show you how to make it, create it, sustain it, build it, finance it and ultimately selling and do so with a certainty that has made hundreds of my clients multi millionaires, myself included.

Optimism is the hall mark of the successful business person. But that same person, having been kicked in the balls 100 times, also leavens unrelenting and starry eye optimism with a healthy survival-oriented pessimism

Better said. An optimist and his money are soon parted

There be dragons down there

LPBelladonna
Feb 13, 2021 - 12:13pm

Crypto Discussion

Is this TF Crypto report or TF Metals? It's getting harder to tell these days.

Can you please open up a forum for all crypto discussion? This comment thread on an otherwise very good discussion about PRECIOUS METAL has become a parody.

Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
2/26 9:45 ET Chicago PMI
2/26 10:00 ET UMich sentiment

AGXIIKStevediva
Feb 13, 2021 - 12:08pm

A large Japanese chip fab plant suffered a 3 day fire Oct 2020

Global Covid lock downs curtailed manufacturing. Huawei hoarded chips last year ahead of US chip sanctions, a strike in France curtailed production. Worse problem was and is the lack of fabs for the 8 inch chip, key to 5G as well as huge demand for these chips in cars and trucks which are, for lack of a better term, 4 wheeled soft ware systems with 50-100 chips per unit.

Intel didn't ramp up to meet the 8 inch chip board demand, ceding a large part of the chip world production and control of same to chip fabs in Taiwan. China lusts for these chip fabs, worth going to war for.

80,000,000 vehicles demand 8 billion chips

Supply crunch time is the result

Silver supply, price or availability may have little to do with present shortages but it will exacerbate the shortage.

Sand is cheap. Silver is cheap Sand is plentiful. Silver is not

Keep stacking until the price hits $200.

Wirehair
Feb 13, 2021 - 11:55am

Please share this Interview with the Redditors

This is exactly the message that the young demographic needs to hear. Buy physical silver and hold it.
Relentless Physical Demand is the catalyst.

Stevedivaindiana rod
Feb 13, 2021 - 11:42am

i have been trying to find

i have been trying to find out for a week. cnnot find real reason for chip shortage aside from pandemic supply chain issues.

AIJ TahoeAGXIIK
Feb 13, 2021 - 11:41am

Optimist v Pessimists

"A Pessimist Sees the Difficulty in Every Opportunity; an Optimist Sees the Opportunity in Every Difficulty"

Winston Churchill

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Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
2/26 9:45 ET Chicago PMI
2/26 10:00 ET UMich sentiment

Key Economic Events Week of 2/15

2/17 8:30 ET Retail Sales
2/17 8:30 ET PPI
2/17 9:15 ET Cap Ute and Ind Prod
2/17 10:00 ET Business Inventories
2/17 2:00 ET January FOMC minutes
2/18 8:30 ET Initial jobless claims
2/18 8:30 ET Import price index
2/18 8:30 ET Philly Fed
2/19 9:45 ET Markit Feb flash PMIs

Key Economic Events Week of 2/8

2/8 12:00 ET Goon Mester speech
2/9 10:00 ET JOLTS job openings
2/10 8:30 ET CPI
2/10 10:00 ET Wholesale Inventories
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2/11 8:30 ET Initial jobless claims
2/12 10:00 ET Consumer sentiment

Key Economic Events Week of 2/1

2/1 9:45 ET Markit Manu PMI
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2/3 8:15 ET ADP employment report
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2/4 10:00 ET Factory orders
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Key Economic Events Week of 1/25

1/26 10:00 ET Consumer Confidence
1/26 1:30 ET Comex option expiration
1/27 8:30 ET Durable Goods
1/27 2:00 ET FOMC Fedlines
1/27 2:30 ET Chief Goon Powell presser
1/28 8:30 ET Q4 GDP first guess
1/29 8:30 ET Personal Income and Spending
1/29 9:45 ET Chicago PMI

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
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1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Forum Discussion

by Pete, 12 hours 59 min ago
by kmac153, Feb 26, 2021 - 5:42am
by scoremore, Feb 24, 2021 - 8:13pm
by Green Lantern, Feb 24, 2021 - 6:17am
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randomness