A2A with "SRSrocco" Steve St. Angelo

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A tremendous and timely A2A today with Steve St. Angelo, better known as SRSrocco. As an independent energy, metals and mining analyst, Steve brought a lot of wisdom and knowledge to the call. Please be sure to give it a listen.

Over the course of this 58-minute presentation, Steve addresses a number of topics, including:

In the end, I felt like this had been a really good call and an excellent use of time. Please give a listen. I'm confident you'll feel the same.

TF


121 Comments

Turd Ferguson's picture

Odd...

MODERATOR

Not a single mention on ZeroHedge about the terrorist attack in Chattanooga Tennessee.

You'd think such a clear ISIS attack on American soil would be considered "news".

#jesuisamarine isn't trending on twitter, either.

Mr. Fix's picture

Printing a bunch of paper silver

I don't view it as a show of force, or as a show of weakness or desperation, I see it as theft, plain and simple.

They will continue to steal, as much as they can, for as long as they can, and there is absolutely no one to stop them, so they don't give a rats ass who knows about it.

The market is so small, I don't think supplying it is the biggest concern. sucking up all the worlds reserves is the current objective.

Sometimes we think that silver will be money someday, I'm betting they think that if they own it all, that will never be an option.

I wish I could tell you what the next system will look like, but if nobody fights back, it will be far more criminal than the current one.

Mr. Fix's picture

No mention of terrorism on Zero Hedge,.....

But I love the story about some lady who took it upon herself to start printing her own money.

Maybe this'll start a trend…  after all, it's only paper!

Tennessee Woman Arrested For Printing Money: "All These Other Bitches Get To Print Money So I Can Too"

Submitted by Tyler Durden on 07/16/2015 - 16:32

In what is either the best example why one should never believe anything they read on the internet, or just blatant frontrunning of the last QE by a few years, earlier this week a woman from Kingsport, Tennessee was arrested for counterfeiting money. Her justification: she read online that President Barack Obama made a new law allowing her to print her own money.  "I don't give a ****, all these other bitches get to print money so I can too."

McFly's picture

Gold IOUs

The whole idea of selling real gold (Fed and companies raiding allocated sources) and replacing them with IOUs reminds me of this scene from Dumb & Dumber...

Turd Ferguson's picture

This is unbelievable

MODERATOR

How fucking clueless are these people? Before Woody could issue a carefully worded "statement" on the terrorist attack in Tennessee, his White House goes ahead and releases what must have been a pre-planned "statement" noting the glorious end of Ramadan. Still stunningly inept after nearly 7 years.

 

 

indiana rod's picture

Summertime

Summertime

And the lying is easy

Janet is spinnin'

Her same ole big lie

O, your bankers' rich

And when you're not lookin'

He'll take your money

And tell you goodbye

One of these mornings

The house of cards will crumble

Then precious metals

Will fly to the sky

But until that morning

We must listen to Janet

Telling us again the same ole big lie

Summertime

Getting silver is easy

The bottom is close

And the lift off is nigh

Your daddy's rich

And your mamma's good lookin'

So hush little baby

Don't you cry

Mr. Fix's picture

It's not cluelessness,

Just like they don't care who knows about all the fraud in the markets we watch, they don't care when people die, and they don't care that we all know that the government has been contributing to these deaths.

They know there is no way to stop them now, and this is all about attempting to incite riots.

This White House does not just want a world war, they  especially want a civil war. Especially now that jade Helm is up and running.

At this point, I'm wondering if they are in disbelief it's gone this far without any blowback at all.

Isn't anyone, anywhere, anytime, going to stand up to this creature spawned in hell?

Apparently not.

tyberious's picture

Rotten from the Start: The

Rotten from the Start: The Inherent Corruption of Central Banking in America | Thomas J. DiLorenzo

Fred Hayek's picture

@ Mr. Fix . . maybe but their world is so insular

43 years ago, when Nixon won re-election there was a statement attributed to sometimes brilliant sometimes head up her ass movie reviewer Pauline Kael that she didn't understand how Nixon could have won because she didn't know anyone who had voted for him .

That was in 1972 when there were lots of print media outlets and a lot of them were independent of the largest media cartels.  It was when there were three TV networks.  Period.  And those three felt obliged to at least not too openly antagonize people rooting for the red team.  

In that atmosphere, Pauline Kael could be completely insulated from contact with anyone of a dissenting point of view.

I would argue that it's probably easier today to be part of the DC or NY crowd and be completely insulated from honest middle class values.  The Obama regime and its courtiers aren't going around reading Reason magazine or ZeroHedge or We are Change or TF Metals report.  They're not adding to the hit counts of SGT report or Silver doctors.  They can stay in a warm coccoon of fawning sycophants 24/7/365 even more easily than Pauline Kael could in 1972.

Where's a real person not just pretending to be something honest and not another courtier?  Fox news?  Ha!  John Boehner? Hahahaha!  Mitch McConnell?  Hahahahahahahahahahahahahaha!!  As long as they steer clear of Justin Amash and a couple other guys and a certain few web sites they never have to actually challenge their obsequious, power loving perspective.

tyberious's picture

Own Gold and Make Money When

Own Gold and Make Money When it Falls in Price

Dear Reader,

The following chart illustrates the greatest ping-pong rally in human history, where all major central banks are printing against one another and expanding their balance sheets (red line).

Overall, no country is getting ahead economically, which can be seen in the gray line representing the combined GDP (Gross Domestic Product). This hasn’t changed much since this chart was created in 2008, except the red line (currency aggregates) keeps heading higher.

b35c4ae6-d57b-4fcc-bddb-0e52d68410dc.png

The Bank of Japan and the European Central Bank are currently creating the most inflation via currency aggregates (the red line).  The gamble that the central banks have made, in my opinion, is that they think they can keep their various currencies trading against one another within some kind of fair zone for world-wide equilibrium. To do so, they certainly couldn’t have their respective currencies crashing against real money, so suppressing gold has been a mandatory component to their strategy.

I call this the London Gold Pool Part II Redux.  (I’d suggest those not familiar with the first London Gold Pool in the 60s to read up about it on Wikipedia).

By following this circular reasoning, I believe, the central bank’s hope was that they could eventually coordinate a smooth landing as the stimulus (or cocaine) was eventually weaned.  Therefore, fiat currencies would find stable ground thereafter as economies recovered. This, as all Ivory Tower theories go, was a great plan in the boardroom but this is impossible in real world applications.  There is simply no such thing as coming off of enormous doses of cocaine without consequences. Either one has to keep injecting the stimulus to stay high or the come down will be painful.

There are currently no good choices for the world’s central banks; they’ve boxed themselves in.  I believe inflation via continued central bank asset purchases (the red line) will continue to rise faster than any time in history because coming off the cocaine would be unacceptable to over-indebted governments.  Simply, when governments are over-indebted, they cannot afford any prolonged deflation, which is the case today.

FMT Advisory believes that if one wanted to hedge their holdings in gold against central banker madness, one just needs to sell the yen.  Short yen/long gold has been a winning combination since 2012 when Japan went full retard on deflation, and I believe it will continue to be. To apply such a strategy, please don’t hesitate to contact me.

http://us3.campaign-archive2.com/?u=a761d26d77d6eef6d0000f00c&id=db02119e10&e=b342ccb228

tyberious's picture

07 16 15 James Turk talks

07 16 15 James Turk talks FINANCIAL REPRESSION w/FRA

Mr. Fix's picture

@ Fred Hayek

As much as I agree with your observations, that still leaves the fact that every single decision he has ever made has been specifically designed to have the worst possible outcome for the United States.

There are no exceptions.

Understandably, this applies to his entire bubble,  his"advisers".  My point is, this is orchestrated, and not the result of "cluelessness".

Some people choose to believe that Obama has failed, I contend, he is the most successful president in American history, in that each and every agenda item he has attempted, he has successfully implemented. The only exception I can think of is his attempt at invading Syria a couple of years ago. I suspect he has lost in the backing of his military. Since that, he has replaced most of the chain of command. Only time will tell if he can kick off the war he so desperately desires.

(He intends to lose) 

Once you fully grasp the concept that he has always fully intended to do as much damage to the United States as possible, his actions are both predictable, and quite consistent. To me, there are no surprises, only an agenda

Just so that I am not misunderstood, I need to give credit to the Teleprompter, and not the puppet.

Calling Obama some kind of mastermind would be inaccurate, but those that write his scripts are.

Edit:

I just read what you amended to your post, and not to sound overly conspiratorial, but, they are all in on it.

Okay, that is conspiratorial, and it's a really big one. Everyone inside the Beltway is on the same page.

SquibLoad's picture

O U T S T A N D I N G ! ! ! !

That A2A was phenominal!

The two of you are a great paring. Your tone and delivery is similar. No ego, just information and analysis in a friendly supportive forum.

Thank you. It has bolstered my resolve during this period of qestion.

PS- i'm enjoying this side conversation that's popin up about when to sell! I agree that there is no better time to think it through than now. I've been asking more questions of the LCS proprietor.

Again, fantastic interview. I gleefully pay my subscription fee here Craig. You're offering a hell of a value.

SS121's picture

typical fake silver chart day

Price of Silver

Down down down for all to see in the morningsad

Then at $14.92 (0845ish)  ...and a few dimes before the demand increase threshold... BOOM it goes up sharply but  not back to the earlier high,sad then it's down down down for the rest of the day sadsadsad

so it was going UP for about 1.5 hours, and essentially down for the rest of the hours in the day.    Only 11 cents different but down all but 1.5 hours.

t h i s h a p p e n s a l l t h e t i m e

it never goes so low that retail completely halts.  it always just rides that line, down down down, and then with a few quick sharp ups to make room to go down down down again.  managing that retail sentiment, all day every day.  Those darn manipulators(?)?

20090709_bernie_250x375.jpg ..."we use algos"  ..."really"silver.gif

tyberious's picture

Danny B

Future of banking,,, buying time in Greece

Originally, all wealth came from mother earth. When a person or group created a surplus, they could trade. Eventually, banking was born to facilitate trade. Currency was born because barter was not particularly effective. The banking industry was there simply to facilitate trade and support the productive economy. Corruption has turned this completely on it's head. The banking industry has become the uber-parasite that is devouring ALL. As usual, this credit bubble is going to come to an end. Rather than a pop, It is going to be an explosion with a lot of death.

When the bond market is destroyed, all confidence will be lost. The bankers will try to rebuild their "milk cow" and start the process over again. This time is different. The computer has become the auditor who never makes a mistake and works 24/7.
Our banking system is a millennia old design. This crash will usher in new concepts and platforms. Banking, as we know it, will not exist in 10 years
Unfortunately, GOV will still be able to raid whatever they want. Hopefully, a solution will be found for this also.

Tsipris signed right on the dotted line. Now, the Greek parliament has approved the measures from the troika. Armstrong thinks that Tsipris is an idiot. Martin just doesn't have the perspicacity to understand the game. Neither do the Germans, especially Merkel.
Austerity has never worked. Privatization is currently NOT working in Greece. They have only sold off 3.5 billion Euros worth of stuff in the last couple of years. Syrisa signed up for unworkable demands. The IMF is well aware of this and is clashing with Germany. Greece desperately needs to unlock liquidity in the short term. In a short time, Merkel will learn that everybody in Europe hates her for enforcing unworkable policies that have no end-plan. She has forced Greece to sign a suicide pact. This is not lost on the rest of Europe. Greece and Spain have 50% youth unemployment.
The Spanish are getting pissy about what they know is coming.
The End of Freedom of Speech in Spain | Armstrong Economics

The Greek parliament all got in line when it was explained to them what the game plan was. Schauble demanded of Varoufakis that Yanis lead him right into a trap. Merkel has a choice between 2 disasters. The European GOVs were stupid enough to take on all the banker's debt on to GOV books. Now, they are blowing up instead of the bankers.
The IMF makes it painfully clear that there is no solution without a debt haircut. Merkel refuses and sets herself up as the idiot pushing plans that have been thoroughly proved to be unworkable.
Tsipris should be able to restore liquidity for the short term. Later the problem will be so BIG that nobody will be picking on Greece. Italy and Spain are neck-in-neck to see who goes insolvent first.
Germany has signed up for hundreds of billions in loan guarantees.

Greece and Spain have 50% youth unemployment. Nobody can avoid/evade the fact that no country has a future if it's youth have no future. All the machinations out of Brussels will founder at inception if this is ignored. Tsipris bought time until this fact sinks in.

http://www.energeticforum.com/general-discussion/13014-economic-pressures-29.html

tyberious's picture

Good news?

Today Jason Goepfert from SentimenTrader noted the following:  "Precious metals have been taking a hit lately, and that has reflected on the miners.  Every stock in the HUI Gold Bugs Index has traded below its 10-, 50- and 200-day moving averages for the past two days, and on both days more than a third of the stocks have reached 52-week lows. 

In the history of the index, this has occurred on 9 other days, clustered in four time frames (early September 2008, mid-October 2008, mid-May 2012 and late October 2014).  They all occurred within several days of 10% rallies in HUI and other indexes of gold miners.  They should be getting a reprieve soon, with any heavy selling in the coming day(s) likely to be exhaustive and quickly reversed."

http://kingworldnews.com/a-remarkable-view-of-the-war-in-the-silver-commodity-and-gold-stock-markets/

BarnacleBill's picture

@ Mr.Fix

Pretty much my sentiments exactly. 

silver66's picture

Wonders never cease

and a suprise rolled into one.

Mrs Silver66 and I had a 4 1/2 hour drive home yesterday from a mini vacation. Only so much 80's hits you can listen to on satellite radio. I put on the most recent McAlvany commentary and then listened to George Gilders interview after. I had to hit pause several times as she was asking me very good questions that she wanted clarification to.

edit: here is the link  http://mcalvanyweeklycommentary.com/greecedebtcrisis/

We go into office this AM and she says to me, you know that little account I have that is not to much money. (it is in a rrsp which is like a 401k, left over from a old job)

She says " I am going to cash it out, pay the tax and buy gold."
 

I don't get caught off guard to much and not much surprises me.... but I had to pick my jaw up off the floor

I asked why? She says that guy made sense yesterday and I have been listening to you and it seems like the right thing to do.

So early next week I am taking her to the LCS to go thru the first time buying process and I have a sneaking suspicion that she might have a boating accident next week. wink

Man what a good day

Silver66

Fred Hayek's picture

Good for you, Silver66!

Sometimes you're getting through when you don't realize you are.

Barfly's picture

For you guys worried silver will never rise

Imagine silver stays right at the cost of production for the next 20 years. The worst that would happen to you if you kept stacking would be that you would have accumulated value in an inflation resistant asset outside the banking system, default proof and hacker proof. At the minimum, you will have preserved the purchasing power of every ounce you stacked along the way. This is a classic wealth accumulation/dollar cost average strategy. You will never wake up one day, like people I know who worked at Enron, and face the fact a 4 million dollar stock position is now worth 50K. Short of a vast government conspiracy involving hordes of trained divers scouring the bottom of every body of water you've ever boated on, you cannot lose.

Maestro's picture

Two Words

Best A2A Ever!

...shit, that's 3 words..

...wait a minute, A2A isn't a word.....nailed it!

Giant hat tip Turd!smiley

waxybilldupp's picture

Wonders ...

Silver, you are one lucky dog.

I received a kilo JM silver bar from JMB today.  Showed it to Mrs. Dupp before I headed off with the canoe.  She was VERY impressed.  Then I mentioned I had a second one on the way.  Got an approving nod.  Those kilo bars are REALLY nice.  Not being made anymore.  Get'em while you can, folks.  If silver falters again tomorrow, I just might have to order another.  Hell, if it goes up, I just might have to order another.  I really like'em!

wax off

Righting Moment's picture

Silver66 - You Lucky Dog

I envy you a bit my silver stacking brother!  As always, it is the negotiations closest to home that can be the most sensitive.  My lovely wife of many years has been watching my steady silver purchases - usually twice a month - and has started to become more attuned to what is really happening in the real world.  She abides my 'hobby' and I know that when we need it, it will be there to carry us and the now grown family on through the difficult times.

I hope your wife's buying experience is an enlightening and fulfilling one.

Righting Moment

"Put your own oxygen mask on first..."

canary's picture

VIX ...only 13 points left to play with.

I've been watching VIX (fear index) for the last few years on daily basis. And I have no doubt that it's been one of their power tools to maneuver the S&P around the critical areas (if not on daily basis). But this index is getting close to exhaustion.              

MrSteve72's picture

Zorba The Greek Bailout

I made this vid 3 years ago - still relevant today

Gamble's picture

Gonna listen again, but

Can anyone elaborate on Steve's peak energy theory ?

gamble gamble

tyberious's picture

Comex Paper Gold Open

Comex Paper Gold Open Interest Continues Its Vertical Ascent

The only conclusion that can be drawn is that the Federal Reserve, likely on orders from the BIS, is going to try and suffocate the price of gold.  The unintended consequence is the enormous drainage of gold from western vaults into the eastern hemisphere.  I suspect the bullion banks themselves are on the receiving end of that gold.

At some point the Comex itself will suffocate under the weight of paper gold.  The elitists will conjure some event of force majeure and the Comex will exercise its right to settle the paper with more paper, i.e. U.S. dollars.  At that point they may as well use drachmas…

http://investmentresearchdynamics.com/comex-paper-gold-open-interest-continues-its-vertical-ascent/

tyberious's picture

Gotta find more Fiat

Post on Dave site:

Dave mentions that the correlation between silver open interest and price has been broken. Dave’s chart suggests that the correlation was broken on 4/15/2013. This is when the extreme manipulation started.

Since then, the daily Silver volumes per netdania have been in the BILLIONS. Netdania shows the daily volume since then at about 5 Million contracts or 25 BILLION OUNCES PER DAY, or 25 years global mine supply per day. Obviously there is no physical silver being traded and these are just HFT wash sales between the bullion banks to fix the price.

When the Comex fails then Silver will skyrocket and the dollar will hyperinflate, as there are about 5,000 electronic ounces of Silver being traded for each physical ounce in existence.

See for yourself:
http://netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChartPopUp.aspx?symbol=XAGUSD%7Cnetdania_fxa&name=Silver,%20spot

Make sure to it the volume button.

tyberious's picture

What's Wrong with Our

What's Wrong with Our Monetary System and How to Fix It

http://cluborlov.blogspot.nl/2015/07/whats-wrong-with-our-monetary-system.html

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