A2A with The Doc of SilverDoctors

112

It was great fun to visit with my pal, The Doc, today. It was also highly informative as we discussed the dynamics of being a bullion dealer and how this impacts physical supply and demand of gold and silver coins.

Among the topics discussed in this 53-minute call:

  • How does "coin allocation" from the US Mint work
  • What does it mean to be an Authorized Participant at the wholesale level
  • How do large dealers manage risk and inventory
  • What types of coins are the biggest sellers and why
  • The advantages of 90% silver and why people own it
  • Current demand and supply trends within the industry

And much, much more. This was an extremely informative discussion, the likes of which you're simply not going to find anywhere else. Please carve out some time to give it a thorough listen. And, of course, you can always find excellent deals at www.sdbullion.com.

TF

  112 Comments

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rxman
Aug 12, 2016 - 11:39am

@ Mickey Nails It

"Street smarts", common sense, thinking for ones self, taking care of ones self and those they love are all qualities that have left the planet. I just shake my head and mutter under my breath at the absolute cluelessness (deaf dumb and blind) of my neighbors and all who live in this once great country. We here are truly the one percenters who understand how f' ed up all of this truly is.

Rxman

Aug 12, 2016 - 11:20am

Why you don't fight the BoJ and/or the FRBNY

Though long-term the BoJ is losing, intraday they will almost always win and kick your ass.

Aug 12, 2016 - 11:13am

What an idiot Maund is

Ole Whipsaw has reached the desperation phase. His "shooting star on huge volume" is:

  1. Two days of volume due to the Comex being closed on Monday July 4 while Globex was trading. This is why it appears that volume was double. Unless you have an agenda, how can you be this misleading?
  2. The price spike was due to Chinese craziness on Sunday July 3, while JPM et al were celebrating the holiday weekend

But desperate times call for desperate measures and ole Whipsaw, who has been calling for a correction since FEBRUARY, is clearly desperate.

And I sure hope that everyone here recalls this chart that I gave you LAST FRIDAY:

indiana rod
Aug 12, 2016 - 11:10am

Mickey

Maybe knowing what happened in 1948 will make you feel better.

Harry Truman was so far behind in the polls that Gallup stopped polling in September. The polls were still off 9-20% when Truman won.

I think the polls today are more inaccurate than 1948.

If Hillery wins we can kiss the first and second amendment and our children and grandchildren's future goodbye.

Antony von Clearwell
Aug 12, 2016 - 11:06am

Finally..... For now at least

Edit: sorry Turd. Saw it and posted it immediately without checking updated posts :)

Aug 12, 2016 - 11:02am

FINALLY

Someone just decided to put the hammer down and take on the BoJ:

And gold does....nothing. Still $1358 as The Banks continue their furious efforts to keep price under $1360. Do you think a 25¢ spike in the USDJPY would have had zero impact? Of course not.

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

lakedweller2
Aug 12, 2016 - 11:00am

Civil Asset Forfeiture

I used to do them and I disagree there is no due process. The statutes are specific as to when assets can be taken. In every case, the property must be filed against with a civil court case and failure to file requires return of the property. There must be a nexus to a crime and the crime must be one specified in the statutes. The defendant can agree to forfeiture or go to trial. At trial the state has the burden of proof and must show that the property is proceeds from the crime or was used in furtherance of a crime.

For example: woman coming from south texas in 7 series BMW stopped for speeding by trooper with drug dog. Dog hits on car. Cocaine found in secret compartment built into car. Woman could not be charged as could not prove knowledge of hidden drugs as she claimed she was paid to deliver car to Atlanta. Owner of car personally served in Atlanta and given Court Date. Owner failed to appear. Car forfeited to state for failure to appear, or contact court for continuance after personal service. Where is the over reach of the State?

Antony von Clearwell
Aug 12, 2016 - 10:58am
Mickey
Aug 12, 2016 - 10:47am

I can tell you

that most of the public has no clue whats happening.

retail sales were buoyed up by building car inventories. Who knows how much inflation is in retail sales.

The DOJ does not want to investigate The clinton foundation ties to her being in government.

Rod Blogovich, former IL gov is serving 14 years for pay for play on a much smaller scale than Hillary.

The reason he went to jail is he pissed off other politicians and Obama disliked him

The reason we have no DOJ on Hillary is........

My wife visited the Soviet Union in 1973. She came back and said how depressing it was. Govt control etc., people standing in line at grocery stores waiting to get in. Others seeing she was American offered to buy her blue jeans and the same for those on the tour, men or women.

Now present day--she does not see what's happening. And that includes our investments in PM. Our eldest daughter does not understand anything but MSM, however last fall she put PM in her portfolio--saw it go down and was thoroughly pissed at me. She lost 10% of her portfolio--now she has doubled her portfolio in PM and particularly in AG which she bought at 3.60 saw it fall to 2.60 when she first was pissed.

Now its 19 and she is happy but pissed at me still because of what I see happening--I think most of us here see what's happening.

This is not going to end well for us, even though we probably will be in better shape for what happens because we have anticipated it.

Sorry to be so negative--I am just demoralized over everything, including the political situation.

I am very happy to have followed Richard Russell 15 years ago. he and Sinclair were early adapters to inflate or die.

lakedweller2
Aug 12, 2016 - 10:44am

@mickey

Agree Obama is a pawn, but if there is no impeachment activity, that makes all of Congress pawns also for not holding hearings. Appears the place to start is getting rid of incumbents at the local level. What are the options other than physical overthrow and just gives them a chance to purge the population.

If the Executive Branch can fabricate economic data, then Congress can fabricate that Obama is President and impeach him. It is the investigation and protection of whistle blowers that will surface issues they don't wish to face rather than a successful impeachment. The search will lead to criminal action.

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Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

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

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