TFMR Podcast - Friday, April 15


Boy-oh-boy, are we ever set up for an interesting week next. So, to help as many as possible to get ready, I thought we'd just go ahead and make this a public thread for your listening pleasure.

Today we begin with this 1-minute chart of June silver that takes us right up to the Comex close. As we've been discussing for days, a "higher high" and a close above the October 28 intraday high of $16.38 would be very bullish. Well, clearly, JPM et al know this, too. Thus the chart below:

Though we may have lost today's battle, the war continues...and it looks like it's about to heat up again. Note the bearish ORD on this daily chart of the USDJPY:

Here are your daily and weekly charts of gold:

Your daily and weekly charts of silver:

And though it may not have felt like it, the HUI was actually UP another 2% this week. I'll take it!

Lastly, please be sure to check back on Sunday for a fascinating interview of Keith Neumeyer, CEO of First Majestic Silver. You're going to find it pretty interesting.

Have a great weekend!



Apr 15, 2016 - 5:33pm

Keep it Up

Thx Turd

Apr 15, 2016 - 5:35pm
Apr 15, 2016 - 5:36pm


Keep stacking!

Royal Flush
Apr 15, 2016 - 5:38pm


over $16.30 today!!!

Apr 15, 2016 - 5:39pm


Yea!!!! Finally. Keep Stacking because we are heading for a

Apr 15, 2016 - 5:47pm

Silvers Reach

When silver went up above the channel... Oooh. Nice reach! Now it's down, holding it's breath, as we wait for the breakout through the channel. Can it happen? I'm not counting on it but a guy can dream. blush

Apr 15, 2016 - 5:53pm
Apr 15, 2016 - 6:14pm

Japan EQ

Thanks for the kind words on awful EQ's in Japan

the swarms of EQ's been horrible, so many people scared to sleep or stay if the houses

even worse, torrential rains expected by noon today, 5 hours

several tsunami alerts issued.

I am following very closely, I am up near Tokyo, long way from the EQ

My prayers for all the southern Japan

Apr 15, 2016 - 6:18pm

Number 9

Number 9, Number 9...

boomer sooner
Apr 15, 2016 - 6:27pm


Went out today and scored some AU. If Kirby is right, AU is the cake, AG is the frosting. Love that sugar! First Mining, doubled down and then some today, I'm almost double from initial so why not. Stewie, love those graphs! Very easy to dissect. Thanks TF, and everyone. Kirby with Greg Hunter makes me a little nervous. This could get rough really fast. Ordering more ammo this weekend. Can't have too much. Pres and VP in the same room doesn't happen unless something dark cometh. Now for the Friday cigar and brew, wife gone tonight, pizza and video games with my youngest. Good weekend to all. See ya at the range!

Apr 15, 2016 - 6:47pm

Japan EQ

few nice youtubes:

7.0 Japan Quake/Quakes not Over.
4/15/2016 -- Major Earthquakes Strike Japan -- Pacific Unrest Obvious -- West Coast USA on watch
Apr 15, 2016 - 6:57pm

Japan Meteorologic Agency

I have checked this website almost daily morning routine for 6 years of so:

Never seen so many swarms of quakes.

My twitter if anyone wants to follow


arch stanton
Apr 15, 2016 - 7:26pm

it's friday

and I'm having a private and exclusive party. Myself and 12 bottles of Guinness are having an involved, serious conversation about the state of the world in general, and the gold market in particular. Actually there are only 8 good friends left so my opinion becomes more overbearing as the afternoon progresses. Based on the history that all of we good turdites have lived through for the past several years, it is difficult to conceive that the big banks, considering the COT and the BPR, are not about to smash us. If they do-goodie- I've got more dry powder than I have had in a long time, and me and my friends are waiting in the bushes for them. If they can't, then this will be the rally you don't sell.
They have been setting this thing up in an open and notorious fashion for six weeks now, and if they just skulk off into the background that will have to mean that physical demand has gotten the by the balls. I, like all of you, have my core position in physical but I like the miners, have been in them for almost twenty years and am convinced that we are back in 2002 when the HUI went from 80 to over 600 in 6 years. Back then we didn't have the counterparty risk we have today. We are exactly correct being in the miners, but will we be able to collect? If we do collect will it buy anything? While my collaborators from Dublin are diminishing in number their influence is dramatically increasing. Can anyone help on this risk concern. I feel like I'm going to be dancing in the dragon's jaw even if I'm right. Thanks turdites I love this community.

Apr 15, 2016 - 7:48pm

Japan EQ

Video unavailable
Video unavailable
Video unavailable
Apr 15, 2016 - 7:55pm

@arch stanton

If your Dublin friends have yet to render you incoherent, I think of the metals and miners as mash potatoes and gravy. Rarely is there more gravy than potatoes. So stack up on a heaping mound metals, and top it off with some well chosen miners. And sit back. No guaranties that you won't suffer a bit of indigestion, but no guaranties that you will.

The opportunity to capitalize on a move we've all waited a long time for is at hand( I think ). GSR has to normalize at some point, so its 2 well chosen gold miners, and 2 well chosen silver miners for me.

Who doesn't like mashed potatoes and gravy?

Apr 15, 2016 - 8:12pm



Apr 15, 2016 - 8:19pm

Trader Dan comes out

Admits "I go back to the same thing I have been saying about silver for some time now – I really do not get the infatuation of the hedge fund community with this metal."

Amazing! The guys not stupid and yet he just doesn't get it. Can't see it. Can't comprehend the headlines. He's like Wiley Coyote waiting for the falling anvil. What a total...... Echhh!

Apr 15, 2016 - 8:39pm

@ Arch

If we have an event where we can't cash in on miners or can't buy much with the profits because of inflation then IMO in that situation gold will either be in the stratosphere or you won't be able to buy gold with paper currency PERIOD. Personally, I don't think it gets to that point.

It looks like we are heading into a period of time almost exactly like the 1970s. Stagflation, no real growth, and the country in the toilet. If you add one zero to the numbers from the rally through the 1970s, it is almost identical. The time periods of the initial rally, cyclical bear, and final bull rally are very similar also assuming gold does rally from here. If this is the case, then gold should end this bull market with a bang all the way up to 8,000 an ounce by 2020.

I really do think this is the most likely scenario to play out. If that is the case, then we will have rampant inflation BUT the currency will still be viable meaning you will be able to take profits on miners and still buy real things with the profits. That's my story and I'm sticking to it.

Apr 15, 2016 - 8:51pm

Easy there Arch!

What year does it say on a bottle of Guinness? 1867? Close enough!

Lots of smoke out there, and no way of telling what's serious fire and what's just smokescreen... We all have our core stacks, so no need to be perfect in our guessing.

I will say this, though- look at a 5 year chart of GDXJ and ask yourself what that looks like... Not bad, right? I guess it could be a false break, but it also could be the real deal, shorts get the roasting we've all been waiting on for years now, etc. Sure the cartel is still in control, but hey- Shanghai is coming online, DB admitting manipulation... Some new wrinkles are out there, too. And on the gold daily, 50dma is above the 100dma is above the 200dma. Nothing goes down forever.

Apr 15, 2016 - 9:01pm


Trader Dick

This will be my last post about Trader Dick. IF he follows his own advice, he is probably practicing un-safe sex with himself. I have little or no pity for the self screwed. Narcissist are a dangerous act to follow. They often see the truth as a threat. When proved wrong, they can be very unpredictable.


Impatience is the stuff that mistakes are made of. Frankly, nobody knows how this will play out. Until the morgue takes a hit in the magazine, I'm going to just sit back and watch.....and keep stacking.

A word of caution. When your stack makes you a self made millionaire, expect the bastard rats in congress and the Whitehouse to come after it. They are devout thieves and they act the part.

Apr 15, 2016 - 9:07pm

GLD adds 5.64 tones of gold today

If that means anything.

Apr 15, 2016 - 9:22pm

Doha, oil and commodities in general

concerned a massive sell off in oil as a result of a non-freeze-agreement out of Doha will send Gold, Silver and most commodities dramatically lower Sunday/Monday. I had plans to pickup some more physical this weekend, but wondering if I should wait... What do you think?

This could be the event that sends everything into a tailspin

Apr 15, 2016 - 9:25pm
Dyna mo hum
Apr 15, 2016 - 9:47pm
Apr 15, 2016 - 10:04pm

@arch Stanton

if I drank 12 bottles of Guiness at my age, I'd be out of commission for a week. BTW, The Good, The Bad and The Ugly; best movie ever.

"When you're gonna shoot, shoot! Don't talk!"

trx16 surfinghydrangea
Apr 15, 2016 - 10:15pm


Just as quickly WTI crude goes up it can go down. Freakin CIA rumor to save the Banks from more defaults last week and keep the market frothy. That manipulation plays into the timing of yet another likely rally in gold. If anything; falling crude will most likely push the Usdjpy lower triggering buying on gold. If you listen to Turd you know the inputs to the HFT algorithm that trade gold. Keep stacking.

Apr 15, 2016 - 10:25pm
Royal Flush
Apr 15, 2016 - 10:46pm

@ UulaBear

"When silver went up above the channel... Oooh. Nice reach! Now it's down, holding it's breath, as we wait for the breakout through the channel. Can it happen? I'm not counting on it but a guy can dream. blush"

Yea, well I dream very well thank you... :) I only hold physical, so the only exercise I have to accomplish is patience. I see every day what is going on. I don't like it but it really has no effect on me at all.

I have never bought one share of anything in my life. My grandparents did by me some US treasury bonds on the day I was born but does that really count?

Remember the guys in the old time black and white westerns? The white hats invariably have to go through some shit but they always win. The truth will always win against evil because most people are genetically predisposed to be decent and good.

I don't know how long it will take but we will win in the end and that is all I care about. :P

arch stanton
Apr 15, 2016 - 10:59pm

Thanks Pining

I wish I had the skill to make that my avatar, but I'm too damn dumb.

@winder couldn't agree more on the movie BTW I'll be 69 in 30 days. Only do it once in a while and did 1500 calories on the treadmill to justify it.

silverbullet: I was also thinking of extended market closures, brokerage bankruptcies, mine nationalization, windfall taxes, and probably a shitload of things I don't even know about.

Apr 15, 2016 - 11:00pm

Alien eyes.

It is If and not IF. Thought you might want to know.

Trader Dick

This will be my last post about Trader Dick. IF he follows his own advice,

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1/29 10:00 ET Consumer Confidence
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