TFMR Podcast #42 - David Morgan

55

On Thursday, I had the opportunity to visit with the very wise and experienced David Morgan.

David has been following silver for a long time and has likely forgotten more than I'll ever know. Fortunately for us, I was able to make his acquaintance a few weeks back and he agreed to stop by Turdville for this podcast.

David and I discuss the current state of the silver market, the physical demand and CoT picture and we even speculate upon how these imbalances will play out and what it might eventually mean for the futures markets.

I'm confident you'll enjoy this podcast and, just like me, you'll likely learn a thing or two along the way.

TF

  55 Comments

Counterfiat
Mar 29, 2013 - 12:13pm

Cyprus moment amoungst SILVER analysists

So how many "experts" have not read & understood the Comex contract? Ie. convert to cash instead of delivery is part of the contract to trade. How many times have we heard that cash premiums had to be paid for lack of silver on the delivery month...

Considering the amount of disinfo from various ones we have read, this is a Cyprus moment amoungst silver analysists.

beardeus
Mar 29, 2013 - 12:22pm

Had a question about direct deposit and cashing checks (Cyprus)

For someone under the $100k threshold:

Would they be able to cash a check greater than the $385, or whatever it is, limit?

For those above the $100k threshold of hell:

Would direct deposit, assuming it is still functioning, funds get the haircut as well?

Would they be able to cash a check greater than the $385, or whatever it is, limit?

Any thoughts, insights or information?

Zoltan
Mar 29, 2013 - 12:24pm

Great Interview, Thanks Turd/David

Haven't seen any comments on Harvey's observation that the first notice day for gold had huge numbers standing and silver had....... ZERO!!!!

Could it be cause there isn't any?

Z

BIGNASTY beardeus
Mar 29, 2013 - 12:30pm

Beardus

Heres a blurb from a news story that discusses some of the capitol controls. the possible checking ban is pretty scarry.

* Limits on cash withdrawals (currently €100 at ATM machine),
* restrictions on access to savings accounts,
* limits on paying by cheques (possibly a ban),
* restrictions on the use of credit and debit cards,
* and a ban on taking large sums of money out of Cyprus.

https://www.guardian.co.uk/business/2013/mar/27/eurozone-crisis-cyprus-c...

Road_Scholar
Mar 29, 2013 - 12:33pm

We have the situation correct

  • Precious metals are manipulated.
  • Fiat currency is based on a foundation of lies (dilution and creation out of thin air).
  • Fractional banking is based on trust but the trust is being abused.
  • Supplier nations are getting repaid in devalued "money".
  • The reserve currency status of the US$ is hanging on by a thread.
  • The leverage is too much and the system is going to all blow up. A reset is required to get to a sustainable system.
  • The powerful control virtually everything including the media.
  • The NEW system will require a physical component to keep it honest.
  • The physical component will almost certainly be precious metals as part.
  • The laws of nature/economics dictate that Physical will eventually win over Paper. One can't be printed to infinity.

But just like Turd has said many times: predicting price and timing together is virtually impossible. So stack, prepare and live life- but remember to get a good seat to watch the fireworks when it does hit the fan!

beardeus
Mar 29, 2013 - 12:35pm

@ BIGNASTY

Thanks!

Dagney Taggart
Mar 29, 2013 - 12:41pm

Congratulations Turd!

Glad that you have a podcast with Dave. I've spoken to him a few times in Spokane and Vancouver. A few charming and well-spoken man.

PS. Hey Road: Good analysis. But now is the time to leave the sex-puppets behind. She's won't last in the next paradigm. And they are not as nice as they appear when she is naked.

AlexCojones
Mar 29, 2013 - 12:44pm
Counterfiat
Mar 29, 2013 - 12:56pm

Yes, indeed

As you can tell, I had never even considered the 1500 contract limit per account/customer when it comes to delivery. Explains a lot, doesn't it?

tyberious
Mar 29, 2013 - 12:57pm

Good educational material!

Turd and David!!

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