A2A with James Turk of GoldMoney

56

James Turk is a legend in the precious metals sector. As founder of GoldMoney in 2001, James has long been an advocate of sound money and physical precious metal ownership. What a treat to have him stop by TFMR again today and answer subscriber questions in our A2A format!

Among the questions covered in this webinar:

  • The short-term paper market conditions as well as physical metal issues on the ground in London and elsewhere
  • The sham of ETF gold "ownership" and the fallacy of the 580 mts allegedly added to gold ETFs in 2016
  • How much longer the BoJ and other central banks can continued their failed cash-printing policies
  • Are royalty companies preferred investments in the metals sector
  • And much, much more!

Please be sure to give this recording a thorough listen. When you're finished, you should consider buying James' book, "The Money Bubble". It's a great read. You should also give strong consideration to becoming a GoldMoney customer as they are a prominent advertiser and supporter of TFMR...and I own some Bitgold, too!

Enjoy,

TF

  56 Comments

  Refresh
RickshawETF
Jul 21, 2016 - 4:01pm

K92 Mining

. . . finishes up 26.58% for the day at $1.443 ! ! !

RickshawETF
Jul 21, 2016 - 3:48pm

Fourth

Fourth?

I guess Marchas is out stacking . . .

Mr. Fix
Jul 21, 2016 - 3:45pm
philly
Jul 21, 2016 - 3:43pm

2nd! I know I'm not supposed

2nd! I know I'm not supposed to pay attention to the daily ups and downs in Ag, but it always does my heart good to see a sharp up move! Keep stacking Turdville...it could be your salvation when TSHTF!!

uni59
Jul 21, 2016 - 3:14pm

1st

1st 1st in iowa

Jul 21, 2016 - 3:09pm

Since there's no podcast today...

Just a few, very interesting open interest comments:

  • Gold yesterday, while down $14 in price, only saw a reduction in OI of 3,000 contracts to 614,079. This is very surprising, given the pending August expiration and it likely indicates a fresh new surge of spec momo shorting. Many of these may have already been squeezed right back out today. We'll see.
  • And there definitely appears to have been some fresh momo shorting in silver yesterday, where expiration and roll is NOT a current issue. On the 40¢ down day, total Comex silver OI rose by another 1,400 contracts to a new alltime high of 220,587. Check this: Since the current pullback began on July 11, silver has fallen by 48¢ while its Comex OI has risen by nearly 9,000 contracts. The CoT on Friday should help delineate how much of this is new Spec shorting and, thus, future squeeze fuel.
  • And check the OI in the still-delivering July gold! We've seen a RECORD amount of "deliveries" for a non-delivery month at 6,068 as late-comers "jump the queue" and seek delivery NOW instead of waiting for August. And why wouldn't they? Recall that June saw a record for "deliveries" during an actual "delivery month" with a total that came in at 15,785 contracts or 49 metric tonnes. That was more than the previous 5 "delivery months" combined and is just another anecdotal datapoint of extreme tightness and demand for physical gold worldwide.

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Key Economic Events Week of 7/6

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Key Economic Events Week of 6/29

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7/1 8:15 ET ADP Employment
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Key Economic Events Week of 6/15

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Key Economic Events Week of 6/8

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