Catching Up With Andrew Maguire

200

Earlier today, Andy and I finally got a chance to visit and get caught up. He's been traveling the world working tirelessly on our behalf and this was the first chance we've had to speak in weeks. After a tumultuous year in the metals, and with 2017 promising even greater volatility, what a great time to get Andy's thoughts on what to expect in the new year.

Andy hits multiple points during this call and addresses a wide range of issues including:

  • Chinese and Indian physical demand
  • The ongoing price manipulation lawsuits and additional legal action in 2017
  • Why mining CEOs have been reluctant to join the fight against The Banks
  • How the ABX is adapting to offer an alternative to producers
  • The possibility that Banks are using GLD gold to arbitrage the price difference vs Shanghai
  • And much, much more.

Please be sure to give this podcast a thorough listen and thanks again to Andy for all of his efforts to finally free the world of precious metals from the shackles of Bullion Bank price manipulation.

TF

  200 Comments

Dec 22, 2016 - 1:53pm

two things

First of all, your host is a bit under the weather today so I felt my performance was sub-par. My apologies.

And whenever Andy and I speak via Skype, we are always plagued with connection issues and today was no different. I've tried to edit this audio as seamlessly as possible to connected the blank spaces but you'll no doubt notice some discontinuity. Again, my apologies.

Fatso
Dec 22, 2016 - 4:24pm
mike97
Dec 22, 2016 - 4:26pm

First no second

Love to listen to Andrew.

TF Metals fan
Dec 22, 2016 - 4:29pm

great surprise!!

Thanks Craig & Andy

mike97
Dec 22, 2016 - 4:30pm

Reposting positive signs from end of last thread

I have been a pm stock player for the last 20 years. I have made good money and lost more. Nevertheless I feel 2017 is looking like a good year. I detect positive signs all over the system.

1. US dollar has probably peeked and is making lower highs.

2. Similarily USd/JPY has probably peeked as above.

3. S&P has peaked and is making lower highs.

4. Ala Turd HUI and miners have bottomed and are holding up well.

5. According to Harvey Comex is showing huge runs on gold.

6. Duchebank settlement has exposed the manipulation and the lawsuits should expose more.

7. Price differential between Comex and Shanghai exchange is growing and should result in arbitrage situation very shortly.

8. The ringleader of the manipulators, JPMorgan is short the most silver derivatives but according to Ted is long a humungous amount of physical and will make a fortune once they cover their shorts.

9. Trumps cabinet seems to be gold friendly, altho once they find out there is no un-hypothicated gold left in the US they may have to play nice with China to borrow some.

10. From the much mocked KWN, Jason Goepfert at SentimenTrader: “No reason to buy gold, either. Sellers have been persistent in “fear trade” assets, with gold bearing the brunt of it. The GLD fund has seen demand dry up so much that the number of ounces of gold it holds has declined or stagnated for 29 days. In the fund’s history, there have been 8 streaks that matched this, all but one leading to rallies…

I am sure there are many more positive signs members can see but it is enough that I am all into the pm's and plan to add some Silvercorp tomorrow.

viking-analytics.com
Dec 22, 2016 - 4:42pm

Lucky 7?

stack

Mr. Fix
Dec 22, 2016 - 5:00pm

Seven?

Okay, we know Craig doesn't count, does Mike count once or twice?

Anyway, happy to be here.

Listening.

Marchas45
Dec 22, 2016 - 5:01pm

Come on 4th

Thanks Mike97 for double posting and giving me 4th. Nice surprise but does that mean no free silver??? Keep Stacking

Really enjoying this podcast really good one and good information and folks I'm 4th Trust Me!!! Don't count Turds post or the double post.

RickshawETF
Dec 22, 2016 - 5:02pm

Seventh

It's been a while for this coveted spot!

Just finished Clive Maund's article, which should put the fear into all of Turdville:

"... The arrival of the cashless society will not only mean that banks will be able to avail themselves of citizens funds as and when they please, it will also mean that the banks, and by extension the government, will know all your financial business, what you do and when. Tax evasion will be impossible, and eventually you will not be able to do business with companies that are not approved of by the government.

With the escape route into cash set to be blocked off, that leaves Precious Metals, gold and silver, gold as a store of value and silver more for everyday transactions. Gold bugs and others, especially survivalists, and many wealthy investors see this as THE way to escape the rapacious grasp of the banks and the government, and are busy squirreling away fortunes into overseas vaults etc. However, it is unfortunate that if you can think of this, so can they, so can the banks and the government, and they have plans for you and your gold hoard. Remember, their power is absolute, no-one dare stand up to them and they can and will do what they like, changing the law as required to suit their purposes. They are much more powerful than President Roosevelt, who in the 1930’s, in an act of naked piracy, seized the gold of US citizens, and furthermore their modern powers of surveillance and tracking are much more sophisticated than anything back then. Thus we can expect governments to declare the holding of gold (and silver) to be illegal, and to demand forfeiture to the government in exchange for nominal compensation - resistance will be met with forcible confiscation, heavy fines and possibly prison sentences. Vendors of gold bars will be closed down and mints will not sell retail gold. Unlike the 1930’s this be a be a coordinated global campaign, a kind of witch hunt if you will, and there will be no corner of the world that is safe, just as they finished off private banking in Switzerland. Those buying gold and stashing it in various pseudo anonymous remote foreign depositories will be in for a nasty shock as these vaults are arbitrarily raided and plundered, with local and international law being changed as required to facilitate this. Nothing will stand in the way of a system that will not permit alternatives."

Blaggers
Dec 22, 2016 - 5:08pm

Tomorrow

USD/JPY DOWN

PM's UP

JMHO

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

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Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

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