A2A with Bill Holter


Just a great call earlier today illustrating why we host these webinars in the first place. Bill spent nearly an hour answering a wide array of questions from a large group of listeners. Great stuff and you should definitely take the time to listen yourself.

Over the course of the call, Bill addresses topics such as:

  • The Greek situation
  • The OCC report last week showing the exponential increase in commodity derivatives
  • Yesterday's internet and system "glitches"
  • How to protect yourself against confiscation and/or confiscatory taxes
  • And much, much more

Again, this is a lenghthy call so break it up into separate sittings if you need to. Just be sure to take the time to give this a thorough listen. You won't be disappointed.



Jul 9, 2015 - 5:35pm

Physical Floor

I don't know about everyone else, but I couldn't be more convinced that this is a verifiable reality after this latest event. I was always of the belief there would be an ultimate capitulation which would drive prices to obscene levels, but that simply won't happen in the physical market. The poor miners will continue to be hammered in that paradigm, but their asset for sale will remain stable, if not increase in value due to premiums.

So, on capitulation, miners are the leverage play.

But, if you're not getting your paws on the last physical you desire at this moment, you're playing with fire.

This is the back-up-the-truck moment and it won't last much longer.

In fact, we may have already seen it prior to this supply crunch.

Jul 9, 2015 - 5:19pm


Someone on the other thread mentioned risk of Trump getting the fatal "timeout" from his bankster buddies, for truthspeak. I don't like him much, and never did; however if he tells it like it REALLY is, then its about time that someone with such public visibility did so. At least I don't think he is a Mr Hilter wannabe.

Just cause I don't care for his persona doesn't mean I think he's dumb. I think he's smart enough to have a kevlar "rug", and because of his abnormally thick skull, it is probably nailed on. More nails would only make it more firmly attached.

edit add: BTW, Mr Hilter had steel plates in his cap, which caused it to weigh 10 lbs. Watch how oddly stiff his neck appears when he is shown appearing in public, or standing in his car. Nowadays, he'd just wear a kevlar rug like the donald.

Jul 9, 2015 - 5:03pm

Today show - WOW WOW

WOW ....MSM anchors openly discussing "go bags" and taking cash out of the banks!!!! Maybe the sheeple are indeed waking up??? If so...it won't be long now...


Jul 9, 2015 - 4:58pm

Link Horse mentioned this morning

Considering making this its own thread. Worth watching as you keep in mind that this is The Today Show...mainstream media at its worst.

Clarkii Stomias
Jul 9, 2015 - 4:57pm
Clarkii Stomias
Jul 9, 2015 - 4:56pm

Sheesh, what's with the sudden MSM reports on gold realities

Not that I'm complaining.


Having New York and London as the price-setting locations has “kept gold prices well below the level of demand and supply should reflect,” Phillips said. China does not want an uncontrolled gold price, but it also “does not want the U.S./U.K. to have control over this market if they are minor players.”

Clarkii Stomias
Jul 9, 2015 - 4:48pm

Thoughts after listening to Bill H and Craig

Craig, you two discussed the massive jump in PM derivatives that the OCC reported in Q1 and Q2. Bill said it was 35x annual production. At the same time, as you discussed, GLD inventory has been stuck around 700 MTs. And Bill said Harvey thought 700 actually = 0 inventory. Willie does too. Correct me if I'm wrong but that final inventory drop to 700 was around late Fall last year (anyone remember the exact timing or where that chart is kept). Right ahead of the New Year they also stopped reporting GOFO (physical tightness indicator).

Rob Kirby has always maintained that the derivatives were price tranching/management mechanisms. Well if that's the case then isn't the OCC spike the smoking gun that the West is already out of deliverable gold and is now simply managing price via derivatives? We've also heard through Denver Dave that there has only/mostly been cash settlement on the COMEX since Q1. And the JPM/Fed bailout In June may attest to that.

Does that sequence of thoughts make sense? Just trying to logically plot out what we know. So the West is already out of metal for westerners and is probably just delivering its scraps and fumes to the East to keep the game going at this point?

4 oz
Jul 9, 2015 - 4:47pm

Presently Suspended

US MINT 2015 Silver Eagle Sales
January 5,530,000
February 3,022,000
March 3,519,000
April 2,851,500
May 2,023,500
June 4,840,000
July 2,709,000

Total 24,495,000

Jul 9, 2015 - 4:39pm
Jul 9, 2015 - 4:36pm

Greece can't breakup

I keep recalling the Seinfeld scene where George ( Greece) is confronted by both his girlfriends in Monk's Cafe. He tries to breakup with his two girlfriends ( Germany, EU?) then and there ( which is what he wanted all along) and even when they both realize he can't be faithful to them they refuse to break up with him..."We can work this out"..... he just can't escape their clutches.


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Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
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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
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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
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Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
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Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
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7/14 8:30 ET CPI for June
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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

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
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7/10 8:30 ET PPI for June

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
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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
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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

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