A Discussion with Ivan Bebek of Auryn Resources


With the ongoing rally from the 2015 lows, we're trying to focus this year on some individual mining shares that may do well in the months ahead. This month, our focus is on Auryn Resources and its chairman, Ivan Bebek, was kind enough to stop by TFMR for this informative discussion.

Over the course of this call, Ivan discusses:

  • His outlook for gold and the seasonality of price trends
  • The future of the mining industry and share prices
  • How he evaluates which mining companies offer the best investment potential
  • His own company, Auryn Resources, and what makes them different.

More information can be found at the Auryn Resources site: https://www.aurynresources.com/ You can also click the ad on the right sidebar of the homepage for additional details.

Thanks again to Ivan and we wish him all the best with this latest venture!



Feb 28, 2016 - 9:34am

First (From the previous thread by request of the Mayor)

2/28/16 - Musings on what it's really worth

Submitted by Barfly on February 28, 2016 - 9:05am.

Hat Tip!


I worry that stackers will sell out far too cheaply when the "market" reaches some arbitrary number. How many Turdites would be turning cartwheels in the streets and dishoarding their entire stacks when silver reaches, say $100? What about gold at $5000? I worry that the guys out there who are staking their retirement hopes on a rising price of gold and silver will do exactly the wrong thing at the exactly the wrong time. Let's think about that for a few minutes and let me explain.

Let's think for a moment about the central premise around why we stack. We know that the entire financial structure of our world is essentially a ponzi scheme. It is fundamentally flawed in it's design with the express purpose that those who designed it could steal the wealth of every other human being on the planet. Nothing that is a unit of exchange can possibly hold its value over any human timescale. Infinite debt can be conjured out of thin air and it's costs are immediately socialized while it's profits are privatized. I could write thousands of words here on the immorality and criminality of such a system and how it victimizes everyone, you and I included, but you get my point.

This system, while it existed beyond the comprehension of most of humanity and stealthily stole their labor and lives, has become visible, at least to some of us. The knowledge of it is present in our minds because it is beginning to fail. Like all ponzi schemes, this one, though very good, relies on ever an expanding resource base in a finite world. It is mathematically doomed to fail. Those who are in charge of, own, manage, and benefit from this rigged sham of an economic system will grow increasingly ever more desperate as their game comes unhinged.

In the next phase of the unraveling, gold and silver will be used to "restore faith and trust" in this unfair and immoral power structure. Those who are at the top will seek to accumulate gold and silver from any source that they can. They will attempt to entice sellers to dishoard their precious metals by offering large sums of worthless fiat currencies, right before they make them even more worthless. The idea has been floating around of a "domestic dollar" and a "international dollar." The "international dollar" would be the one backed with gold but the "domestic dollar" would be effectively prison script. And that's the one they are going to pay you in, or convert your domestic bank account into right after you fork over all your precious metals. Then, they're going to devalue the shit out of it, leaving you with a pile of worthless nothing. Once again, they will work their scams and do the old switcheroo on the unsuspecting suckers who are willing to part with their metal because they buy into the false paradigm of keeping score in dollars.

So, what price should you demand for the one resource that is going to be required by the international community to participate in commerce? Here's a hint. It isn't dollars. The owners of the system are going to be in the hurt locker. Their power and ownership and ability to exploit the citizens of the dead republic that used to be the United States is going to be teetering on the brink of catastrophe. It already is. When they revalue the charts, it will be an act of pure desperation. There are several plays that could be made.

The first and most obvious play is to wait them out. Simply hoard your metal in a place(s) that only you know about and do not dishoard any significant amount of it that isn't absolutely necessary. As a physical precious metal holder, you have the tools to hold out a long, long time. Gold and silver never expire. They don't disappear slowly over time or loose their mass or physical characteristics.

Don't do business with them. Skip the prison script and demand to be paid in another currency. How about piles and piles of those banned $100 bills that aren't printed any longer so they won't be losing value? Those have got to be good on a black market somewhere.

The third play is the most bold. Demand to be cut in. Demand ownership in the bank that is asking you to recapitalize it. Demand ownership of the company that needs your silver to produce their little robot or slave tech mind control device. And I'm not talking about a few hundred shares that pay dividends in that ever devaluing prison script. I'm talking about a significant ownership stake. I'm talking about being on the board of directors. A real place at the table. Profit sharing. Unbreakable legal title. If you're selling to Uncle Sam, how about never paying taxes again? If you demanded blood sacrifice of their children, these psychopathic cunts would probably be so desperate that they'd do it for you. Without you and your metal, it would all come to a grinding halt. Do you think they'd rather share a stake with you, or go down with their ship, so to speak?

That's the real value of your stack. And you shouldn't sell out for cheap. It's taken you years of discipline, determination, mental fortitude and delayed gratification to arrive where you are at this moment in history. The real price for your stack is true freedom and the privilage that comes from ownership of real property and real economy. You should take nothing less. The present owners and decision makers of Western Civilization have squandered their positions and privilege. It is now yours for the taking. You deserve it.

You saw this coming. You were prudent and informed and wise when all those around you were anything but. You will be a far better steward than those who are passing before you because of it.

This is your place in history. It is your destiny, your legacy to your progeny. Your time is soon coming to reach out and take it.

Feb 28, 2016 - 9:41am

Can I Get

My Favorite 4th, Waiting! Waiting! Waiting! Gooooooooooooooooooooooooo

Darn they all must be sleeping in. O! Well Keep Stacking.

Awesome Read BF

Sorry Donno I was first. Lol or was I 4th

Feb 28, 2016 - 9:58am

3rd in like flynn

I think I was the first to hat tip you Barfly (or at least second behind Turd).

I was reading our SMH (Sydney Morning Herald), not so much reading, but scanning.

It upsets me too much to read, gets me foaming, fuming and frothing, sets me up for a rant, which invariably lands me on the couch.

The title of the article is usually enough to do it, so no need to indulge in masochism.

And, it's not usually just one article, but the entire rag!

In the approaching new paradigm, I just speculate whether the shill MSM outlets fall from grace finally, and become recognised for the dessemination of disreputable untruths and biased misinformation by the greater public.

I have nothing but contempt for the bulk of the Journo's - another corrupted profession.

Goodnight and DONNO Out.

Feb 28, 2016 - 10:02am

Kudos, Barfly

From which it follows...

Only monetary metal mining companies are real banks! GLTA!!

And kudos, Craig... it would be great to see interviews like this become a regular feature!

Feb 28, 2016 - 10:03am

To 5 on a weekend

Creepy week ahead

Feb 28, 2016 - 10:11am

Fasten Seatbelts, a rough patch is ahead.

the One Bank efforts will raise the pressure a notch to retain control.

Feb 28, 2016 - 10:38am

Everyone should watch this

For those of you that followed DOTS and follow IWWTI, I have been following since last summer the murder of holistic doctors. Abguy just posted this in Alternative health, and it is not only an update on the dead doctors who discovered a cure for cancer and autism, but also the dead microbiologists and journalists.


For those of you that have not been following along:

There is an macrophage called GcMAF that is produced naturally by your body. It is instrumental in binding Vitamin D to your immune system which supercharges your immune system to fight auto immune disorders (Cancer, Autism, Diabetes, etc.).

An enzyme called nagalase blocks this protein (GcMAF) from binding Vitamin D to your immune system, therefore compromising your immune system. This enzyme is found at elevated levels in cancer patients. Dr. Bradstreet (one of the suicided doctors) was successfully treating autistic kids with GcMaf, and Doctor Nick Gonzalez was successfully treating stage 4 cancer.

All within days last summer, a bunch of doctors working with GcMAF were suicided and the lab in Europe that was producing GcMAF was raided and shutdown. Both Gonzalez and Bradstreet's offices were raided by the FBI right before they were suicided.

Since last summer, at least 33 Holistic Doctors, all in some way working with GcMAF or Cannabis oil, or both, have been suicided. Bradstreet discovered that Autistic kids also have elevated levels of Nagalase, and according to his family, he was about to expose that Nagalase was being introduced to children through vaccines.

This is the really short version of what has gone on in the past year. Doctors threatening the very profitable cancer industry with an actual inexpensive cure are being killed, and it is high time that everyone know the truth of what is happening.

Here is the video from Abguy's post linked above:

Murdered Holistic Doctors Update

This video also updates the dead microbiologists, journalists, and free energy inventors, as well as the dirty whore Clinton's murder history. MUST WATCH AND PLEASE SPREAD THE WORD! The more people that know what is going on, the quicker we can end this bullshit.

Edit: Barfly, that was awesome!!!!! Thank you.

Feb 28, 2016 - 10:39am

Sacred Stack

Will probably never sell my stack. My kids might when I die - however, I couldn't sell if it was $100 or 100k per ounce. It's got a feverish grip over me. Shares on the other hand are there for trading. All in or all out. Couldn't give a rats ass about relinquishing or whatever seems the right strategy at the time ( buy, sell or hold). If I'm wrong - hell, I'll just keep on persevering in a long term game. I'm in no danger of selling the stack. It's just too heavy, real and beautiful. I understand why it's in our DNA as humans to love these metals. So TF metals is actually only useful to me for PM share trading really. There's no influence on me at all concerning physical metal and why should price matter to us at all - we all understand the banker game. Plus I really enjoy the content and wouldn't miss as a part of the daily routine. Barfly is certainly correct that I could sell out of my mining shares too early. However, I'm happy to place my faith with Turd's read on the market - well above my own for share trading signals.

Safety Dan
Feb 28, 2016 - 11:00am

The 12 Most Awful Products

The 12 Most Awful Products Made By Monsanto



When it comes to pretty well every health-related alternative media platform, the agricultural mega-giant Monsanto is more than a recurring subject. On Collective Evolution alone you’ll find over 9 pages worth of articles at least loosely addressing the company by simply typing “monsanto” into our embedded search.

The reasoning as to why this multinational agrochemical and agricultural biotechnology corporation is such a hot topic is more than well-documented by this point. It’s so well-documented that an entire global march has been founded in protest to the stance and actions taken by this company, the March Against Monsanto. However the focus of this article is to shed some light on some of the most harmful products that Monsanto has had at least a part in bringing to market, some of which they still stand by to this day.

Originally put together by GMO Awareness, here are the 12 most awful products made by Monsanto:

1. Saccharin

What is it? – Plain and simple saccharin is an artificial sweetener. Around since the 1800′s, saccharin did not become widely popular as an alternative to sugar until the 20th century -thanks in large part to the efforts of Monsanto whose initial intention as a corporation was to produce saccharin for Coca-Cola. (1)(2)

Why is it bad? – Initially praised for its ability to provide sweetness without the calories, saccharin fell under fire in the 1970′s when a study revealed that saccharin caused cancer in test rats and mice -causing it be listed on the NIH’s carcinogen list. However, after mounting pressures, the study was disregarded as flawed in its conclusions, the sweetener was removed from the list and can to this day be found in a lot of what we consume. (1)

Where is it being used? – Drinks, candies, cookies, medicines, gum, fruit spreads, toothpaste and more.

2. PCB’s

What is it? – PCB’s (polychlorinated biphenyls) belong to a family of manmade organic chemicals known as chlorinated hydrocarbons. They were first used by Monsanto in the 1920′s to produce coolant fluids for widely used electric transformers, capacitors and electric motors. They were domestically manufactured from 1929 to 1979 at which point they were banned. (1)(3)

Why is it bad? – PCB’s have been linked to causing cancer as well as contributing to a number of adverse health effects on the human immune systems, reproductive systems, nervous systems and endocrine systems. (3)

Where is it being used? - Banned since 1979, PCB’s are no longer being used, but their damage continues to persist as a 2011 study showed that it is still being found in the blood of pregnant women. (1) Prior to the ban PCB’s were found in widely used items such as, but not limited to: cable insulation, caulking, plastics, adhesives and oil-based paints. (3)

3. Polystyrene

What is it? – Still widely used to this day, polystyrene is a synthetic polymer. Polystyrene production became a focus of Monsanto’s in 1941. (1)

Why is it bad? – Polystyrene is non-biodegradable and is responsible for the most total hazardous waste worldwide. Chronic exposure to it has also been tied to depression, headache, fatigue and weakness. (4)

Where is it being used? – Literally everywhere, but most commonly in food packaging where it is known as styrofoam. It has solidified its place in the market as being more durable than paper products and most cost efficient than plastic (which isn’t much better for the environment).

4. Nuclear Weapons

I don’t think these need much of an explanation as to what they are, why they are bad or where they are being used, but it is interesting to know Monsanto’s involvement. Shortly after they acquired Thomas & Hochwalt Laboratories, Monsanto developed a department that played a key role in the Manhattan project from 1943 to 1945. The Manhattan Project was responsible for producing the first atomic bombs for the second world war. (1)

5. DDT

What is it? – DDT (dichlorodiphenyltrichloroethane) was a commonly used pesticide designed to combat malaria-transmitting mosquitoes. Monsanto just happened to be one of the first manufacturers of the insecticide that would fall under heavy scrutiny. (1)(6)

Why is it bad? – Banned in 1972, DDT has been linked to damaging the liver, reducing reproductive success and temporary damages to the nervous system amongst others. (6)

Where is it being used? – Unfortunately DDT can often take more than 15 years to break down and is still being found in some soils and many waterways. Our exposure to it would more than likely come through consuming contaminated fish, crops, or through atmospheric deposition. (6)

6. Dioxin

What is it? – Dioxins are a group of chemically-related compounds that some see as amongst the most toxic chemicals known to science. Monsanto found themselves involved in 1945 when they began promoting the use of chemical pesticides in agriculture. (1)(7)

Why is it bad? – Dioxins are most notably bad for their ability to accumulate in the food chain, and an EPA report once confirmed dioxins as a cancer hazard to humans. (7)

Where is it being used? – Rather than used, dioxins are primarily being found in meat and dairy products due to how integrated they have become within the food chain. (7)

7. Agent Orange

What is it? – A herbicide/ defoliant primarily used as a form of chemical warfare during the Vietnam War. Monsanto conveniently happened to be one of the two major manufacturers of the lethal weapon. (1)

Why is it bad? – Agent Orange is said to be responsible for over 400,000 deaths and 500,000 birth defects with over a million suffering from health problems of some kind. Agent Orange’s issue lay in its dioxin contamination -something that Monsanto apparently knew about when it sold it to the US Government for use in war. (1)(8)

Where is it being used? – The implications of Agent Orange in Vietnam are still being felt with a formal clean-up effort not beginning until 2012. A shocking side note is that some chemicals found in Agent Orange can still be found in certain herbicides being used today. (1)

More here: https://www.realfarmacy.com/12-awful-products-made-monsanto/

This document has sources for each product and statements at the bottom of the article.

Feb 28, 2016 - 11:18am

Bebek interview

Thanks for the interview and the link to the presentation, Very interesting. Glad to hear you'll be doing more of this going forward. After being beaten up so badly over the last few years I kinda gave up on the miners and decided to stick with physical metal, but I have to agree with you guys, it's starting to feel like maybe it's time to take a cautious look at some of these again.

thanks again

AIJ Dingo
Feb 28, 2016 - 12:06pm

My Stack Re:


I'm on the same page. I never want to sell my PM's; however, the shares are for making fiat to stack more metals.

The way I see this going forward for me:

  • Sell my shares and buy and sell and buy etc to make fiat to stack more metals
  • Convert silver into gold at a GSR of 25, 20, 15, 10 etc.
    • But not all of my AG maybe up to 40%
  • The only reason to sell ANY PMs is for SURVIVAL and only bars first, coins last.
  • I hope I NEVER have to sell ANY of my PMs
  • Realistic? Maybe? I don't know, but hey, a bad plan is better than no plan which 99% of the populace have.... NO PLAN.
Feb 28, 2016 - 12:26pm

Excellent Barfly!!

We have not really discussed in detail where the 'goal line' for PM investing is. I have to believe your 100% correct that TPTB will be encourage the masses to disgorge there holdings, with full media horn blowing, at precisely the WRONG time.

I have one problem with the 'dual currency' scenario: Let's assume there is a 'schiess dollar" and a gold backed dollar for trade. At this stage of the game 90% of what we consume is imported. That means the payment by the consumer is in scheiss dollars but the payment to foreign exporters is in GOLD? The only way this works is to either already have a system whereby scheiss dollars are accepted by vendors (TPP, TTIP?) or the US begins manufacturing again. Of course the name of the game would be CHEAP LABOR and we would need a lot of it. Maybe we could encourage folks south of the border to come in? oh wait ........ they already here.

Grey Mare
Feb 28, 2016 - 12:30pm

good interview

Yes - thanks to Turd and Ivan for the interesting and informative interview. A good question to ask those in charge of promising exploration projects is how they intend to finance the project going forward. This can make or break the investment decision and help one make the purchase at the best time. Auryn has an ambitious but challenging task ahead of it; Nunavut (that's the Arctic to non-Canadians) may be a safe jurisdiction, but it is not a cheap one. Auryn has only about 4 million in cash on hand (but does have some other assets). It is going to take a lot of money to define the resource and then get into production. On the other hand, there are only 56 million shares outstanding (fully diluted). Folks who are interested in investing may have the opportunity of taking part in private placements (where you sometimes get warrants as well as shares at a good price). Even if you are not considered a 'qualified investor' and able to take part in placements, you may wish to wait until a placement is issued to buy shares on the open market, because the placements tend to drive share price down for a while. Or, you may simply wish to 'watch' the company until it is in a position to be bought out or develop the resource itself without raising capital. You will buy at a higher price but you won't have to sit around as long with our money tied up and see your shares get hit every time more shares are issued. This is information that any potential investor needs to know to make the best entry on the stock.


Feb 28, 2016 - 1:01pm


Architects Part 1 - The Gold Commission

Architects Part 1 - The Gold Commission
J.P. Cubish
Feb 28, 2016 - 1:26pm


This is great content. Love to hear from people in the industry much more than arbitrary conspiracy stuff, although that has its place as well. Gold is money. Keep it real. Oh yeah, there is this Ethereum thing, and it's kinda like Bitcoin but not, and it's gone up by 7.5X so far this year, and you might want to look into it. Keep stacking.

Feb 28, 2016 - 1:55pm

Usdjpy forecast

Linked Zh article speculated usdjpy goes to 50, so that and s&p are obvious shorts, but the obvious long trade(s) to make( should one believe the usdjpy is going to those levels) are not too hard to discern for this forums viewers and participants .


Feb 28, 2016 - 2:45pm

ag1969: GcMAF

This is an additional commentary on the biology. GcMAF (macrophage activating factor) is itself a protein that is derived from Gc (which is the vitamin D binding protein) by sequential deglycosylation of two of three attached sugar residues. A single N-acetyl-galactosamine residue remains attached, which would be susceptible to removal by N-acetyl-galactosaminidase (nagalase), presumably destroying the macrophage activation potential.

Macrophages are only one part of our complex immune system. Cytokines are released by B and T lymphocytes as well as macrophages. Cytokines bind to cellular receptors and in some cases target cells for destruction, likely by T-killer cells.


"The glycosylation and characterization of the candidate Gc macrophage activating factor.


The vitamin D binding protein, Gc globulin, has in recent years received some attention for its role as precursor for the extremely potent macrophage activating factor (GcMAF). An O-linked trisaccharide has been allocated to the threonine residue at position 420 in two of the three most common isoforms of Gc globulin (Gc1s and Gc1f). A substitution for a lysine residue at position 420 in Gc2 prevents this isoform from being glycosylated at that position. It has been suggested that Gc globulin subjected sequentially to sialidase and galactosidase treatment generates GcMAF in the form of Gc globulin with only a single GalNAc attached to T420. In this study we confirm the location of a linear trisaccharide on T420. Furthermore, we provide the first structural evidence of the generation of the proposed GcMAF by use of glycosidase treatment and mass spectrometry. Additionally the generated GcMAF candidate was tested for its effect on cytokine release from macrophages in human whole blood."

Feb 28, 2016 - 2:53pm

Sacred stack

Outstanding post Barfly.

I also have no plans to sell any of my stack, except for being forced to in order to provide for my daily living expenses. I anticipate that most will be passed on to my heirs, considering my age and the long, drawn out collapse of the currency ponzi.

It was not always so, as I have previously noted. My own grandfather used both gold and silver coins in the early part of the last century but WWI started the rotten scheme in earnest.

Human Mushroom J.P. Cubish
Feb 28, 2016 - 3:28pm

Re: Awesome

"Oh yeah, there is this Ethereum thing, and it's kinda like Bitcoin but not, and it's gone up by 7.5X so far this year, and you might want to look into it."

I've only studied cryptocurrencies for about a month, and then only the surface. This "Ethereum thing" is created by a consortium of a great many of the big banks. Look up R3CEV.

Call me paranoid, but if TPTB are trying to compete with Bitcoin, I'm sure they will easily succeed in getting the unaware people to jump on board.

They are also creating a virtual nation. Gee, I wonder what they could do with that?


I'm sure that the idea of a NWO, or a virtual world nation with it's own digital currency under total bankster control is just a coincidence that they seem so similar, right? I'm also sure that all this has nothing whatsoever to do with Bitcoin becoming more popular with people, and that Bitcoin has the potential to have traditional banking, and their control, swept into the trash can. Yup, it's just a coincidence that the banksters all of a sudden have this tremendous interest in promoting THEIR blockchain as the second coming, while any news related to Bitcoin is always viewed in a negative light, or that it's failing.

That's right, I'm just a tinfoil hat wearing kook. It's one of my biggest faults, seeing things that aren't really happening. So in reality, you should just ignore anything I say. It's my imagination going berserk., again.

On the other hand, perhaps it can be traded to make some short term gains. Just don't be in their system when the changeover occurs. Oops! Their I ago again. Sorry.

Human Mushroom
Feb 28, 2016 - 3:37pm

Re: Awesome

As a side note to my previous post, it's very obvious that Bitcoin is a very good idea. Actually, it's the blockchain that's the good idea. If the banksters view it as better than sliced bread, well, then it must be great for Bitcoin, too.

What the banksters are inadvertently doing is legitimizing Bitcoin. They're just trying to get the sheeple's attention away from Bitcoin.

Feb 28, 2016 - 3:38pm

He Goes Running For the Shelter of His Mother’s Little Helper

Notes From Underground: He Goes Running For the Shelter of His Mother’s Little Helper

(Larry Summers had to run to his medicine cabinet to take Prozac (not Diazepam as in the Rolling Stones song) after he read the G-20 communique. The finance ministers and central bank heads meeting in Shanghai failed to come to terms with any of the issues concerning the global economy. There was no PLAZA ACCORD and no deep discussions about the need for massive fiscal stimulus. The tone of the Communique was TEPID at best and views the present state of the global economy as slow but steady. There was certainly NO URGENCY about a rise in the prospects of a global recession. The finance ministers downplayed the recent volatility and slide in global equity markets, suggesting by those domiciled in ivory towers and model-based rat holes that the MARKETS ARE MISTAKEN AND THE MODELS ARE CORRECT. The arguments among the participants was such that there were some issues that seem in direct contradiction of any policy response.

1. German Finance Minister Schaeuble: “The debt-financed growth model has reached its limits. We therefore do not agree with a G-20 fiscal package as some argue …. There are no short cuts that aren’t reforms.” So the German voice of austerity was heard loud and clear to counter the desire for some for IMF and G-20 support for opening up the spigot of fiscal stimulus.

2. Idiot George Osborne raised the specter of the U.K. embarking on a new round of austerity to meet the promises of shrinking its budget deficit. In a speech prior to leaving for the G-20 Chancellor Osborne said they may “… need to undertake further reductions in spending because this country can only afford what it can afford.” Following Osborne’s ill-timed speech were the results from Saturday’s Irish election. “Popular” Enda Kenney was not reelected. Fine Gael and Labour, the current coalition partners, were delivered a setback as Fianna Fail received newly revived support as the Irish voters seem to have voted against further bouts of austerity.

3. Much was made of the G-20 not laying the currency blame on Chinese efforts of devaluing the YUAN. But in reports coming from Reuters and Bloomberg, Dutch Finance Minister Djisselbloem was pointing the finger was pointed at Japan, noting the slippery slope of intervention. It seems the reference was to the recent efforts by the BOJ to impose three-tier structure for its negative interest rate policy, which would lead to large deposits leaving Japan, thus putting downward pressure on the YEN. The problem with all the criticism directed at Japan is that the YEN has appreciated 5% since the surprise move by Kuroda so Djisselbloem must have been speaking about Japan’s policy since October 2012, which the G-7 sanctioned.

4. Overall, the G-20 failed to deliver the BOLD ACTION that the IMFhad called for. This was indeed another photo-op for the top financial minds in the world. In this case pictures do not speak louder than words and the result is the ultimate selfie. The market’s response will be key. Will equities retrace their recent rally as lack of fiscal stimulus is seen as market deflating since the G-20 seemed to agree that monetary policy is proving ineffective? Will the yield curves begin to flatten again as Schaeuble and Osborne reignited talk for renewedAUSTERITY?

Remember the 80 BASIS POINTS LEVEL on the U.S. 2/10. The currency markets OUGHT to be a mixed bag because politics is beginning a dominant theme in many places. The uncertainty OUGHTto aid the GOLD but SILVER‘s miserable close on Friday provides a note of caution. (SILVER closed well under the 200-day moving average.) The EUROPEAN SOVEREIGN DEBT MARKETS should see the BUND and German assets outperform as the Irish election and Schaeuble’s comments about debt-financed growth should make investors leery of Italian, Spanish and French debt. Of course since it’s the last day of the month we don’t know how much debt the ECBhas to buy to meet its 60 billion euro monthly target. Hey Larry, pass the PROZAC. What a drag, it is getting old.


Feb 28, 2016 - 3:44pm

Cashonly - cheap labor

That's not going to be a problem with all the debt slaves getting paid in the new prison scrip.

Feb 28, 2016 - 4:04pm

Very important Ukraine update


From the article: It is a just matter of time before the Ukraine nationalistic militias will take power, resulting in a definite split of the country. Poroshenko can postpone the people final verdict by reviving the war in the east, but in the end, he can not escape the day of reckoning.

Again, this is BAD either way. Either Poroshenko restarts the war in order to mask other problems OR (even worse) he's thrown from power and Right Sector takes over and really restarts the war with the DPR. Ugh.

Johnofg TF
Feb 28, 2016 - 4:15pm

3 front war

Saudi goes into Syria through Lebanon, Turkey goes straight into Syria, and Ukraine tries a bums rush into Crimiea. They will blame Russia for being aggressor. Craig, as you said "ugh!!!" Not good times.

Feb 28, 2016 - 4:41pm

Or this

"February 2016TURKEY – Russian President Vladimir Putin’s plans in the Middle East are becoming clearer. In a bid to exact revenge on Turkey and in an attempt to split the NATO alliance, Russia is rapidly building up pressure on NATO’s southern flank. The new Russian satellite state of Armenia on Turkey’s northeastern border is now hosting a massive Russian troop build-up with the recent signing of an air defense agreement between Russia and Kremlin. Along with the build-up of Russian air assets in Syria, Russia selling Iran billions in sophisticated weapon systems, and Russia’s support of Kurdish units along Turkey’s southern border, Mr. Putin has encircled Turkey in a classic pincer movement."


Feb 28, 2016 - 4:42pm
Feb 28, 2016 - 5:06pm

Yes, I will sell MOST of my silver stack

as silver marches through 50 100 150 200. I will probably hold onto about a quarter of it.

And I will sell my PM miners on the way UP, and will not convert proceeds into metal.. It will be very very hard to buy an ounce of silver for $100 $200 dollars when I bought in the single digits.

Yes, I know, I will be called a fool.

Feb 28, 2016 - 5:29pm

I bet the nobility, elites

I bet the nobility, elites and fiscally stable governments will not liquidate their PMs, once revalued.

Feb 28, 2016 - 6:03pm

WoW! Remarkable to watch

With the USDJPY down 25¢, gold should have opened UP a couple of dollars. Instead, the first few minutes have been nothing but downticks...one after the other...with rarely an uptick...taking gold down as much a $7 in the first 5 minutes.

This is no doubt done purposefully in an attempt to set the tone for today's trade.

Boo-bemi TF
Feb 28, 2016 - 6:12pm

I know!

I was expecting to see Gold up when I saw USDJPY down from 113.98 to 113.72, someone is really trying to smack gold down. Let's keep watching and see what it does.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories