A2A with James Turk


Our recent run of extraordinary webinars continued today with this invaluable appearance by James Turk, founder of GoldMoney. If you can make the time, you will please be sure to give this recording a thorough listen. You won't be disappointed.

The call begins with a discussion of the recent merger between GoldMoney and BitGold. As you might imagine, ole Turd is very excited about the opportunity presented by this platform and I was eager to open my own account. I strongly urge you to check out GoldMoney/BitGold yourself and (full disclosure), if you enter and join through the link below, yours truly earns 1/4 gram of gold for himself. So, please, by all means...


The call then proceeds to cover a plethora of topics over the next 55 minutes, including:

  • How to measure tightness in the global physical metal market?
  • Can/will bankers and hedge funds naked short the mining industry into oblivion?
  • How might China respond if they're not included in the IMF's SDR later this year?
  • Is it justified to own more silver than gold, given the current gold:silver?
  • Why don't mining executives do more to fight the manipulation of the paper markets?

And much, much more.

Again, please take the time to listen to this entire presentation. Break it up into smaller segments if you need to but try to listen to the whole thing. Great stuff from an industry legend and recognized expert on the global gold market.



Aug 7, 2015 - 9:47am
Aug 7, 2015 - 9:44am

And suddenly

$1093 and $14.81

Again, just like last week, watch for $14.84 to be staunchly defended.

Aug 7, 2015 - 9:42am

Reconcile this...

Again, The Shill from Moody's states that "by this time next year, we'll be at full employment" while at the same time there is a new record of 93.8MM people "not in the workforce".


I have a B.S. in Economics so I'm pretty sure that having 1/3 of your population not working does NOT represent "full employment" but what does that matter? He said it, the markets heard it and the rest of the cast of CNBS all simply nodded and hummed in agreement.

Just another giant sham of SPIN and MOPE.

Aug 7, 2015 - 9:36am

Pretty strong but honest

"Putting this in perspective, while the elderly workers in the US have risen by a whopping 7.4 million since the start of the Depression in December 2007, workers aged 25-54 are down 4 million!"


Aug 7, 2015 - 9:33am


Need to watch crude, copper and the yen today. All weak and possibly closing out the week at their lows. This would bode ill for next week across the board.

Aug 7, 2015 - 9:32am

Hmmm. Well, whaddayaknow....

That was a nice little pop back up in the metals. Gold back to 1092.

Aug 7, 2015 - 9:29am

It is extremely important

It is extremely important that you take the time to read and understand this:


Aug 7, 2015 - 9:25am

China Investigating U.S.

China Investigating U.S. Trading Algorithm Terrorism

by Jeff Nielson, Bullion Bulls:

A “bubble” soars up out of nowhere in China’s equity markets, over a six-month span, which (conveniently) distracts peoples’ attention from the much larger bubbles in U.S. markets that have been pumped-up relentlessly for 6+ years. China’s stock market bubble suddenly collapses, while the much larger U.S. bubbles continue to remain intact. U.S. traders (and their trading algorithm) are investigated for stock market manipulation by Chinese authorities.

For the vast majority of Western lemmings; they will see absolutely no connection between the first two events, and the (subsequent) third event. For regular readers, however, the connection couldn’t be more obvious.

Read More…

Aug 7, 2015 - 9:25am


WORLD WAKES UP to WALL STREET Economic TERRORISM: Citadel Account Frozen Amid China Algorithmic Trading Probe

from Bloomberg:

Citadel Securities, the trading firm started by Ken Griffin, owns one of the 38 accounts frozen by Chinese exchanges as authorities investigate whether algorithmic traders are disrupting the nation’s stock market.

Bourses in Shanghai and Shenzhen have increased the number of suspended accounts from 24 announced on Friday, according to their websites. The probe is focused on spoofing, a practice that involves placing then canceling orders to move prices. Owners of the other frozen accounts include Infore Capital, a Shenzhen-based asset management company, and YRD Investment Co., a Beijing-based hedge fund.

Read More…

Aug 7, 2015 - 9:13am

@ marchas

Congratz! Please drink some of the brown water for me, nectar of Heaven!

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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

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
7/9 10:00 ET Wholesale inventories
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
6/25 8:30 ET Durable Goods
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
6/16 8:30 ET Cap Ute and Ind Prod
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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