A2A with James Turk

112

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...

https://BitGold.com/r/TlY5pO

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.

TF

  112 Comments

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AGAU
Aug 7, 2015 - 8:21am
climbthathillCPE
Aug 7, 2015 - 5:04am

I have to remember that!!!

Next time I am arguing with some lefty troll on the UK news websites and they are making stupid demands for evidence... I am going to copy your words.

J Siefert
Aug 7, 2015 - 4:06am

The Rumblings of War (by Bill Holter)

Bill thinks not letting the Chinese in to the IMF will cause repercussions down the road.

https://www.jsmineset.com/2015/08/06/the-rumblings-of-war/

gazzmann
Aug 7, 2015 - 3:58am
J Siefert
Aug 7, 2015 - 3:53am

Joining Bitgold

It is not possible to use Turd's link to create a Bitgold account from Switzerland.

The "Create" button is simply not active. ????

J Siefert
Aug 7, 2015 - 3:44am

Debates

Unfortunately - or is it fortunately? - we don't get to see the debates in Switzerland.

Wouldn't have minded watching Trump to see if he insulted anyone or otherwise dropped a clanger.

Rakka
Aug 7, 2015 - 3:37am

Bit Gold Account for Turd

Turd

Used your link to apply get my BitGold account; that will help you for referral's

Simple-Easy-Fast

This is my link if anyone else wants to sign-up

https://bitgold.com/r/sKAzmI

Thanks for the A2A, great show

canary
Aug 7, 2015 - 1:44am

@lakedweller2 (presiential questions)

That's too cruel. You wouldn't mean to embarrassed their overinflated egos?

SS121
Aug 7, 2015 - 1:24am

What if . . .

What if the u.s. national debt clock suddenly displayed 50 quadrillion dollars in debt and started counting up at 1 trillion per minute?

today it's like 17 trillion right? 17,000,000,000,000

And then all of a sudden- "BAM" it's 50 quadrillion

17,000,000,000,000

to

50,000,000,000,000,000

what would happen?? Answer: Nothing. Not one F'n thing. You know why nothing would happen? Because nothing is directly connected to that number. It's just a number on a chart that is directly connected to NOTHING. And NOTHING is directly connected to it.

What about the BLSBS?? What would happen tomorrow if Hamptom P came out and said "well, the new unemployment rate in the U.S. is 94%" and then crawled back in his hole? What would happen directly because the new number is 94%? Nothing. Not one itsy bitsy teeny weeny thing. Why not? Because no other price, index, chart, blah or blah is directly connected to the number that HP throws out.

Further... NO Numbers or charts or data are directly connected to one another. Gold AND the USD can both go up, or both go down or one can stay the same while the other goes up or down. There is no logical accountable relation between any two data points that can be relied upon for even 10 minutes.

The open interest on the Cot is 90,000?? So what? What if it went to 90 billion? or 90 Trillion? What would the silver price then be? ...exactly? Is there a direct relation between the two? Nope. How about any two numbers?? Nope.

Speed, time, and distance ALWAYS directly relate to each other. Can you imagine loading the family up in the car and driving 30 miles per hour for 5 minutes.. the wife asks "honey, how far have we went?" you look down at the trip meter "in the last 5 minutes, we've went three hundred and fifty two thousand miles" you say. "Ok, thanks honey" and on you go. That would be totally nuts!!! But the market charts and reports ALL work just like that. And NOBODY thinks a thing about it.

What if the Seattle Seahawks had handed the ball to number 24 and he had run it in for a touchdown??... and then you look up at the scoreboard and 340 points were immediately SUBTRACTED from the Seahawks??? Game over, final score Pats 28 Hawks -316 Similar crap happens every single day in the make believe land of Charts and Stories, to which everybody accepts the numbers and then scuffles off muttering about how there might be some foul play going on somewhere.

Foul play? how would anybody ever know when all the numbers come from nowhere and are connected to nothing?? They wouldn't, and so they don't!

"three hundred and fifty two thousand miles in five minutes going thirty miles per hour... honey is that good or bad?"

"hold on, let me check today's chart for GOOD or BAD ... ... ... Yep, the GOOD or BAD chart is GREEN today, that means good!!"

"oh goodie, GOOD is good, YAYYYY"

honest question: How ridiculous would it have to be before anybody would ever suspect the dirtly little secret??

No two numbers in the entire "market" have anything to do with anything or each other, nor are they accountable or verifiable. THAT IS BEYOND RIDICULOUS and yet NOBODY SUSPECTS THE OBVIOUS.

There is one thing that is kinda cute, in a sad, innocent sort of way... Some people do think that some of the numbers maybe should be higher or lower than they are!

ahhh, the Charts. after getting their bell rung on this one, folks won't likely underestimate TPTB again. Hopefully it's a good lesson, the next horse is going to be a doozy.

MrSteve72
Aug 7, 2015 - 1:15am

Economics 101

I learn more about Economics listening to Turd vs Turk, than my 2 years in Senior high as a bench warmer.

Thanks guys!

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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
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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
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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
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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