A2A with Greg Mannarino


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/).



Apr 16, 2015 - 3:18pm



Apr 16, 2015 - 3:24pm



Dr. Evil's Laughing Scene
Apr 16, 2015 - 3:36pm

Well 2nd??

Also I will show my respect and listen to the Turd but Greg, well, I just don't care for the guy. Keep Stacking

Apr 16, 2015 - 3:39pm

Gold Miners Underperformance

Here's a theory about the gold miners underperformance versus gold.


I know next to nothing about Elliott wave stuff but this could explain why the HUI etc. have really lagged gold since 2008. Since the alternative explanation may be that gold will suck forever, I kind a like it!

Apr 16, 2015 - 3:53pm

And here you go...

Greg was adamant that there will be no rate hikes.

Hot off the presses...BernankeButtBoy writes that a "June rate hike looking less likely": https://www.wsj.com/articles/fed-officials-express-increasing-concern-ov...

AIJ Kokanee
Apr 16, 2015 - 4:07pm

Let's hope Mr. Rosen is right...

..."Now that the Running Flat Correction in gold and silver bullion is complete, what should we expect to happen and what should we look forward to? I believe, based on the charts in this REPORT, that there will soon be a monumental bull move in gold, silver and their shares. This should be one of the greatest bull moves we will ever have the pleasure of witnessing. Whatever amount of money you want to commit to gold, silver, and their shares should be completely committed at this time. That dear Crew is my opinion based on the obvious, simple but rare, corrective moves of gold and silver bullion."

november4 AIJ
Apr 16, 2015 - 6:06pm

mr rosen

Rosen has been predicting a massive gold run for years. Nothing new. Never right yet. One day, in the next 5, 10, or 20 years he will be right. I'm not holding my breath. I've never known an Elliot Wave interpreter to predict anything correctly. But that pretty much goes for all of them....excepting Turd, who is about the first T&A analyst I've ever found to to actually make sense of the charts. And I've been at this about 50 years.

Joseph Warren
Apr 16, 2015 - 6:55pm

Cycle Theory

During the 1930s Great Depression a number of bankers and academics got together to supposedly try to explain the causes of the depression. They came up with theories about all kinds of 'cycles'. Keynes later came up with the term 'animal spirits' to help 'explain' the actions of businessmen and other economic players. - - Of course, they weren't particularily interested in exposing how the bankers own expansion of money and credit had fueled the various bubbles that eventually came crashing down on everyone's head. Sound familiar ? - Austrian economist von Mises explained the true cause of the Great Depression - central banker/government actions. He was attacked and/or ignored. Ask a college economics or business student if they have heard of von Mises and you'll like get a puzzled look. Gotta divert attention from such information in the government 'schools'.

Nick Elway
Apr 16, 2015 - 7:44pm

Stratosphere roller coaster

Stratosphere roller coaster is an anticlimax. Nice views and a little swirly ride.

Sounds like I'd better try the big shot next visit..

Apr 16, 2015 - 9:11pm

The Big Shot is no joke! I

The Big Shot is no joke! I did it a few years ago and that's as scared as I've ever been. It feels like a cross between skydiving and a bungee shot. Now that I think about it, it's probably more like a fighter jet ejection seat. Fun but scary as hell. :)

Apr 16, 2015 - 9:34pm

Had to stop after 4 minutes

Had to stop after 4 minutes 30 seconds in. Greg is too much. Paused for a break. Then Greg is long XLF calls and XLE.

Hello! Moving on...

Apr 16, 2015 - 11:04pm


Just today, I've confirmed our next two A2A guests. Very excited.

I'll announce the next one on Monday.

Danforth Coxwell
Apr 16, 2015 - 11:18pm


That is simply not fair! LOL

Mr. Fillmore
Apr 16, 2015 - 11:58pm

Stuff That Works

I thought you "turdites" would like this:


Love, Life and Music;

Safety Dan
Apr 16, 2015 - 11:59pm

Guess Who Is #193 In Countries Comparison For Net Trade in 2014


Current account balance compares a country's net trade in goods and services, plus net earnings, and net transfer payments to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis.


192 UNITED KINGDOM -$117,900,000,000 2014 EST.

193 UNITED STATES -$385,800,000,000 2014 EST.

Balance of trade - Wikipedia, the free encyclopedia

Apr 17, 2015 - 7:31am

Barfly's Grow Rich by Stacking #2

In part 1, I imagined I was a young millenial, starting from zero with a job at an evil coffee company. The only caveat is that I still have all my knowledge. In part 1, I talked about how I would achieve living below my means, establishing a cash cushion, avoid debt, and minimize spending to acquire some necessities like a car. In this part, I'm going to explore even more ways to save money and acquire more resources, and attempt to give a time frame and milestone to some financial goals.

Standard disclaimer. Due your own due dilligence. Verify everything I tell you here for yourself. Everyone's situation is different and you should seek professional advice for yours if it is warranted.

So, lets talk about spending habits. My goal is to plow everything I can into my stack like I mean it. That means that I'm going to minimize spending and save every way I possibly can and turn every resource I can on the ends of spending less and saving more. So, I'm going to buy everything I can on the cheap. That means hunting garage sales for things I want/need. Do I want to play video games? I look at garage sales for used game systems, maybe not the latest and greatest, but entertainment nonetheless. Books? Same thing. Movies, music, electronics, tvs, it's all out there, used, but usually good. There's also furniture, kitchen appliances, or just about anything else you need for creature comfort. I also would shop extensively at the dollar stores. Anything that I could pick up there and avoid paying more for would save me money. Even if it breaks, it's only a dollar. I also shop thrift stores. I wouldn't ever go to the mall, big chain retail stores, or high end boutiques or grocery stores. My goal is to cut into every bigbusiness profit margin that I can. I would hardly ever buy anything new.

If my evil coffee bar had soon to expire coffee or other stock that was going to go bad and was offered at a discount, I'd buy it and try to sell it for close to full price as quickly as I could. If they gave away food at the end of the day, I'd grab it. I'd try to network with other people that worked at restaurants that might do the same, and I'd swap. This doesn't mean that I never eat out or buy anything fresh, it just means that I would minimize that and make it treat for myself. If I wanted to get drunk, I'd spend the $7 on frozen grape juice concentrate (no preservatives), ten pounds of sugar and a $.50 package of decent wine yeast and make myself five gallons of ghetto wine. It ain't the Napa Valley or the South of France, but it has it where it counts. I could do the same with beer.

If I could find extra work on the side, I'd take it. I'd work for student movers or cleaning gutters or doing yard work or working staff at events. Most of every dollar that I earned, I would plow into stacking. The rest I'd spend on rewarding myself in some reasonable fashion for working hard. I'd also recycle. I'd save my aluminum soda cans and sell them to the scrap metal dealer for $.50 a pound. Anything else that came in a container that I could get a rebate on, I'd save it and trade it back in. No possible source of money would go to waste.

Now, so far, I've gotten to the point of providing for my creature comforts, my transportation, I've accumulated six months of cash reserve and I'm stacking like a mad man. I'm probably two or so years into this program at this point. I might have accumulated a few hundred ounces of silver at this point (which would be hidden somewhere safe and about which I'd be keeping my mouth shut. I'd even keep it in a safety deposit box if I had nowhere else, the tradeoffs being better than the risk, depending on the circumstances.) I might even be in classes of some sort, I'm hoping ones that teach me a reasonable skill set where I can see an immediate path to getting a higher paying job, but that's another story.

At this point, I want to start thinking about why I'm stacking. The goal here is to accumulate real wealth, and real property, and real ownership. I'm still paying rent and splitting it with other people, I'm still in a shitty job, and I still drive a beat up piece of crap car. I want something better, but I don't want to go into debt to get it. But, I might spring for a cheap desktop computer and an internet connection at this point, all with an eye toward leveraging my knowledge and experiences toward making more money.

In short, I'd start a second hand e-bay business. Remember all those garage sales I hunt? Well, it turns out people put things in those sales sometimes that have value to collectors. If I could find things like that cheap, I'd pick them up and sell them on e-bay. Toys, movies, cds, game consoles, used electronics, whatever I could pick up for pennies and sell for dollars, I'd put it in my auction. My goal here would be to make a profit in the neighborhood of $1,000 per month. That would probably be a level that wouldn't require an inordinate amount of time on a weekly basis that could fit in around everything else I've got going on.

What's my goal? I want to stack the equivalent of 200 ounces of gold. If I can stack one a month, that might take me as long as a decade. Why? Because that's a decent middle of the road house in a good neighborhood in the US any time in the last 200 years. But, what if I didn't want to stack for 10 years? I could probably stack 50 ounces in three or four years, and that would buy me a small, older house in maybe a not so great but still livable neighborhood. If I'm lucky, I could find a forclosed house in a good neighborhood for that. It may need a little work, but, I'd own it outright. And, I wouldn't be paying rent anymore. And, if I had a good friend, I might be able to rent them a room in it. And now, it's paying for itself from the perspective of insurance and taxes and I'm living rent free. Not to mention, I probably have a garden space and maybe a garage workshop. Even in a bad neighborhood, my security situation is probably much better than living in a cheap apartment sharing rent. And I can keep on keepin on and keep stacking that next 100 ounces so that I can pay for that next house, and rent the little one out.

But consider, 6 or so years after I start working, with a good dose of hustle and thriftyness, I've stacked my way to owning a small house outright. I'm keeping all my purchasing power and I'm not paying anybody interest on anything. I'd be 25-27, and well on my way to financial independence by the time I'm 40. In the next part, I'll talk about using the credit system against itself.

Mr. Fillmore
Apr 17, 2015 - 8:04am
Apr 17, 2015 - 8:57am


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

Apr 17, 2015 - 8:57am



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/

Apr 17, 2015 - 9:09am


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:


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

Apr 17, 2015 - 10:08am


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.

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. smiley

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.

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

Apr 17, 2015 - 10:33am
Apr 17, 2015 - 10:45am


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

Get the popcorn ready...

Apr 17, 2015 - 11:20am


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!

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