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 - 1:09am

Honorable Mr Lockart...You are a creepy liar.

From Jesse's (Le Cafe Americain).

Atlanta Fed is now projecting 3Q DGP at 1%. .....And THEIR president Lockart just came out and said he will push for September rate increase unless he sees "significant deterioration".

Please don't drink on your job, Mr Lockart.

Aug 7, 2015 - 1:05am


The debates really depressed me. Between the lying about past deeds and pandering the candidates seemed pathetic. The fact that there were so many gave me nystagmus. None of them have any clue about the foreign policy issues or the monetary policies.

Trump was the closest when he admitted how much trouble we are in. I learned he has experience with bankruptcy and would not require on the job training.

Christie wants to read all of our mail, is willing to trade safety for our freedom, and has never read the Bill of Rights.

Rand Paul has a hard on for Trump and left the stage with blue balls and a black eye. He could not even simply defend the fourth amendment with a single sentence.

My favorite neurosurgeon was great but was never asked to speak.

Ditto for Ted Cruz.

Bush would rather speak Spanish and hug a wet back rather than solve the problem of an open border. But he plans to sign our kids up for Common Core.

Rubio talks so fast I feel myself reaching for my wallet to make sure it was still there. He might be good selling used cars or US treasuries; same thing.

Fat ass Huckabee gave another sanctimonious sermon. I bet he shags dirty hookers and does blow.

Walker needed to try out for the sheriff of Mayberry, not POTUS.

Who were the other guys again? That is what I thought. Whatever.

My head hurts so bad. I have to go to bed.

Aug 7, 2015 - 12:59am

Gibson's Paradox

Not an easy read from Alasdair Macleod but an interesting conclusion on how central banks have totally screwed the use of money for transactions.


"It is clear that the difference between markets historically and those of today is that interest rates were set by the demand for savings to invest in production, while today they are set by monetary policy. Monetary policy is not consistent with the basic function of interest rates, which is to reflect a market rate between savers and borrowers to balance supply and demand. Instead, monetarists believe otherwise, that interest rates can be used to regulate the quantity of money."

Aug 7, 2015 - 12:43am

Don't you think the power houses (GS, JPM...)...

...know tomorrow's payroll number to some degree? And I don't mean through inside trading. They have their own extensive research departments. If they just imitate the way the BLS conducts and calculates its data, shouldn't they come up with a close number?

Aug 7, 2015 - 12:24am


Unfortunately...she is pretty good on the charts

Aug 7, 2015 - 12:20am

Reading Louise Yamada always depresses me

It's like looking at my Yamana Gold (AUY) chart.....I know that she doesn't consider fundamentals or manipulation....only the graphs....yet, she's been correct so far.

I hope she is not related to Blythe Masters.

Aug 7, 2015 - 12:08am


Ask the oligharchs who the annointed puppet is...

Aug 7, 2015 - 12:06am


In the debate they were looking for entertainment and nothing of value...there was nothing of value except working the sheep...Trump actually may have pointed that out

Aug 7, 2015 - 12:02am

Questions I Missed

As Pres, what are you going to do about the US being bankrupt

Are you going to continue the policy concerning US sovereignty toward Central Bank debt

Are you going to do bailins to cover banker fraud

more questions...if you want...

Aug 6, 2015 - 11:36pm

Anti Ruso-China

A lot of it in the debate tonight. The machine definitely is baking conflict into the cake, albeit slowly. Amazing how, when asked about the Iran deal, no clown entertained the fact that we're at the international community's mercy given our horrific debt scenario and that we simply must yield or face extinction. I could comment on the fallacy that is our political process, but that would be a waste of energy. It's really sad what this country has come to...our Founding Fathers are spinning in their graves. Rand was a bit pathetic tonight...nothing like his father. He needs to grab the bull by the horns and tell it like it is rather than play it safe. People need to hear our cries, but no one with air time is delivering it. Lambs to the slaughter.

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Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

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