A2A with Greg Mannarino

26

Today's webinar guest was independent trader, author and analyst Greg Mannarino. This was a very interesting and wide-ranging discussion so I encourage you to give it a listen.

Over the course of this call, Greg addresses a variety of subjects, including:

  • the recent, sharp rise in The Pig and the likelihood that we've seen the top
  • the possibility of a Greek exit from the euro
  • how he feels about storing metal offshore and potential taxation issues
  • his current feelings regarding crude and the energy sector
  • some of his favorite trade recommendations at present
  • the likelihood that The Fed will raise short-term rates this summer, as many are expecting

As mentioned above, this was a very informative call. When you're finished, you should be sure to download Greg's FREE e-book. You can do so by clicking here: https://www.lulu.com/spotlight/thegameisrigged

And you should also be sure to check out Greg's YouTube channel (https://www.youtube.com/user/GregVegas5909) and his site (https://traderschoice.net/).

TF

  26 Comments

  Refresh
realitybiter
Apr 17, 2015 - 11:20am

hmmmm

maybe we are getting to that moment when the playas have to make some decisions: stocks? No! sell mortimer!! bonds? not really, but what else? dollar? no, but everything else is worse... real estate? I guess, but will they pay the rent? PMs? I don't want to - but why not? what else?? I think Ben and Allens Frankenstein is going to wreak havoc on the village in ways unpredictable.....other than ultimate entropy....and all contracts are destroyed.... better fire up the false flag now....you know....shut down markets....increase spending to fight dim tirists....oh, and need to completely wipe out the bill of rights...of course, to increase your freedom, natch!

nadgeskaul
Apr 17, 2015 - 10:45am

@Fatso

No, this is reality setting in that Greece is leaving and the derivatives nightmare is soon upon us.

Get the popcorn ready...

Fatso
Apr 17, 2015 - 10:33am
realitybiter
Apr 17, 2015 - 10:18am

That RT Chick

who spoke that nonsense needs to be held to account to whom brought out these truths:

The Jessica Lynch lie

The WMD lie

The Pat Tillman lie

The" 9-11 building 7 fell reported 20 minutes before it happened" lie

The VA hospital lie

The Benghazi lie

The IRS lie

The Obamacare multiple lies-Grubergate

​(those are 20 s off the top of my head)

who is presenting all these revelations about healthcare? You know about the overprescription of statins, or depression drugs, or that ALL murder suicide perps are on SSRI's, or that statins actually are correlated to causing heart disease...or that back surgery fails 80% of the time, or, or or....

​Was that all out of Fox News? No! Every single story started in some funky bloggerspace...and then got picked up (likely reluctantly after many conversations of spin strategy) by MSM.

She left RT because she was a fake, posing, and whore of the establishment propaganda mill....and now she is in front of Congress, presenting her "thou shalt not bear false witness" version of more lies.

God will have his vengeance...please! would now be too soon??

1970's Russia called and they want their government back

Joseph Warren
Apr 17, 2015 - 10:11am

@Barfly - great ideas !

If only you could "put an old head on young shoulders", - as that old saying goes.

I try to inform the younger members of my own family and extended family on the subjects which we discuss here at TF. It's extremely tough to get through all the brain washing from years of 'schooling'. But, I've also thought " What would I do today if I were 22 again, but knew what I know now ?"

I look forward to your future posts on this topic.

realitybiter
Apr 17, 2015 - 10:08am

Mannarino

Like the guy.....however, I have heard him say imminent market crash WAY to many times in the last three years "go short now".....to really take him seriously. Sorry. I do like him. Heck, I agreed with his thinking. But it was wrong! I don't know. How is that long XLF working today? If those were options that trade got blown out instantly (unforgiving or recoverable premium).

What I find amazing about the financials in general (XLF's, $BKX, heck, just citi...) is that we have literally, all 7 billion of us, bled out for the mo fo-ers, and citi is still sitting on a 90% stock loss from its high, after the "recovery"....and yet the morons go to work there, bank there, and accept the nonsense that MSM feeds them with pathetic, "oh well, what can you do?"

1) quit banking anywhere that has one out of state branch.

2) quit working at the same

3) Do not buy their stock! via xlf or anything else...

Mark yesterday's interview. As in "mark my words". XLF yesterday vs gold was THE inflection point, as in the WORST day to own xlf....conversely was the last day to sell it. Mark it, and see how it pans out. Been so wrong so many times before, but it looks like a cresting wave to me. But seriously. See how this pans out. The last time BKX looked this toppy it fell 20% and that was the beginning of this year, when gold took off....check back in a few weeks and lets pass out idiot hats. I have a stack of em!

rant off.

All that said, exercising my soon to "Congress wants to Sophie Scholl all of us" be extinct first amendment , thank you Turd for taking the time and energy to put that interview together. It was good, and a seed which germinates into discussion.

BTW, NFLX has nearly doubled this year. On a day when everything is getting clobbered, two days after their earnings, it is still up! wow. Overpriced? Sure. But it is a good business with real customers and real growth. Don't own it, just sharing an observation.

cashonly
Apr 17, 2015 - 9:09am

Mannarino

I don't know if you have seen this video, but it seems like an "inquisition" to me. Is this the seed that starts the whole movement toward "internet regulation" whereby the TF's, Mannarino's, Snyders, Craigs, Holters, Hoffmans, etc... will all be shut down? Then we can all recieve the "real and honest" truthful information that the gov't wants us to have........ unreal:

https://www.zerohedge.com/news/2015-04-16/conspiracy-theorists-bloggers-compared-isis-during-congressional-hearing

something is in the wind......... there is a foul smell.

Markedtofuture
Apr 17, 2015 - 8:57am

TANZANIAN ROYALTY SUCCESSFULLY STARTS IRRIGATION OF PAD #1 OF 4,

TANZANIAN ROYALTY SUCCESSFULLY STARTS IRRIGATION OF PAD #1 OF 4, MARKING THE LAUNCH OF ITS FIRST GOLD PROCESSING OPERATION

Santa moving right along

Toronto, Ontario - (Marketwired - April 16, 2015,) - Tanzanian Royalty Exploration Corporation (TNX.TO)(NYSE MKT:TRX) is pleased to offer the following update on its showcase Buckreef project in the United Republic of Tanzania:

Explains President and CEO James Sinclair, "On April 16, 2015, we initiated the process of production at our initial target on the Buckreef prospect. I cannot over-state the importance of this. The transition from just an exploration firm also to a producing enterprise is one of those rare events in our industry of late. From this day forward we are progressing to a production operation; as well as, of course, an exploration one."

"Nor will we be content to rest on our laurels. In the days, weeks, and months ahead, we anticipate exploration and development of at least four upcoming projects at this same site before ultimately turning our focus to the much larger Buckreef Main Zone. Careful forward management of cash flow -- from one site serially to another -- should leave the Company fiscally fit for its development, at that future stage."

In addition to initiation of pad irrigation, Tanzanian Royalty is also providing the following additional updates on the Company's recent progress:

 the runway at Buckreef was recently extended by 1,000 feet to accommodate twin turbine fixed-wing aircraft, instead of the more conventional single-helicopter pad. This represents both a decrease in operating costs as well as an increase in transport efficiency.

 finalization of the contract with the Company's air agent, for transportation of product from the Buckreef mine directly to Dar es Salaam, at which point it boards a Swiss air flight for its final leg to our designated refinery in Zurich, Switzerland. The 'Gold doré' is fully insured from takeoff to landing. Once in Switzerland, the contract with our refiner requires analysis to be completed within 72 hours, and full payment to be made via bank wire by the sixth day.

 two other sites within the mining license area in the Buckreef property-- Tembo and Bingwa -- are now the focus for development in the reasonably near future.

 At our first Buckreef operation, the Company is deploying "heap leaching" -- an older, slower, 'low-tech' methodology. It is nevertheless expected to result in net extraction costs about 50% of the higher-tech alternatives; and, therefore, fully competitive in today's challenging mining environment.

Adds CEO Jim Sinclair: "The significance of this transition for our Company cannot, and must not, be under-appreciated. Of course, we know there have been delays and setbacks along the road. But we are in the depths of a bear-market in the gold sector which is not merely secular, but actually historic. Even executives of my generation cannot easily recall a time when the prices bid on mining shares -- relative to the proven and assayed value of gold in the ground -- have been this low."

"Similarly, as the world stumbles toward 'Peak Gold,' the ratio of investment return for each single exploration dollar spent has never been this low, either."

"The bull market in bullion which began in 2000, and rocketed for eleven years thereafter, appears to have hit an air-pocket. A very strange air pocket, I think, and one which has bizarrely priced an ounce of gold below even the extraction cost of many senior players."

"Free-market theory -- what they taught you in 'Economics 101' -- says this simply cannot happen. Yet here we are ...? History teaches us that these strange market dislocations are often temporary. It is my belief that not only will Tanzanian Royalty's cost of operations be strongly competitive at current pricing in the global gold space; but, as the yellow metal ultimately returns to prominence, we will have the potential to become recognized as a major participant."

Qualified Person

The qualified person for Tanzanian Royalty Exploration Corporation is Mr. Peter Zizhou, Acting General Manager, Exploration and Administration. Mr. Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000), is a registered scientist with SACNASP (Reg. No. 400028/08) and has reviewed and approved the contents of this news release.

Respectfully submitted,

James E. Sinclair

Chief Executive Officer

Operational Update Pics....https://www.tanzanianroyalty.com/operational-updates/

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

cashonly
Apr 17, 2015 - 8:57am

BernankeButtBoy

... wiping the coffee off the monitor, thanks. Please give notice: ***COFFEE SPEWING COMMENTS*** next time.

Mr. Fillmore
Apr 17, 2015 - 8:04am

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 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Recent Comments

by indiana rod, 9 min 54 sec ago
by tonym9, 17 min 23 sec ago
by szamanq24, 1 hour 12 min ago
by cashonly, 2 hours 8 min ago
by J Siefert, 3 hours 10 min ago

Forum Discussion

randomness