A Gold Market Update From Andrew Maguire


On Thursday, we finally had a chance to catch up again with Andrew Maguire. After making waves two weeks ago with his forecast of a pending "reset" in the price of gold, this podcast allowed Andy to go into greater detail regarding the condition of the physical versus paper markets and why he is so confident that a breakdown is inevitable and coming soon.

The podcast begins with Andy giving background information on how the wholesale, physical market operates and he provides an update on the current global supply/demand conditions:

  • "We're talking about rock-solid gold bullion in demand from central banks, sovereigns and institutionals which are looking to hedge risk."

Next, Andy describes the process of placing physical bids and relates it to the trading orders that often trail the paper price:

  • In periods of paper price weakness, we have the luxury to "just sit back and wait for the price to come to us" but there is still "competition to get physical orders filled."

Andy next discusses how the paper price was able to be raided once it extended above $1222, all the way to $1264 two weeks ago:

  • "The Banks knew that with the level of wholesale bids at $1222, anything above that level could be freely naked shorted".

To the idea of a pending price reset and paper market collapse, Andy states:

  • "The physical market is quickly sucking the liquidity out of the paper market."

Andy also discusses the paper silver market dynamics and addresses the questions of how and why the silver price is relatively unchanged over the past several decades:

  • "The lifeblood of paper market liquidity must be translated to the physical market, instead."

Much, much more is discussed here so I encourage you to carve out some time this weekend to give this podcast a thorough listen. I promise it will be time well spent.




gold slut
Mar 10, 2017 - 12:42pm

Saturday morning treat.

Thanks Craig, Andrew and Turd are two of my favourite metals analysts, so the two of them in conversation is one to keep to enjoy over a Saturday morning coffee. Looking forward to listening.

This is the stuff that makes TFMR the best value metals site on the internet IMHO (and after the last couple of weeks we had, it also stops me screaming!) Now that is a lot of bang for buck.

Oh, and did I mention FIRST. Off for a Sanatogen and a lie down!

Mar 10, 2017 - 12:46pm



It occurs to me that Turd and his site, (including guests like Andrew), will go down in history as one of the main, early voices that cried out to those who would listen that there was dishonesty afoot in what people thought to be a safe store of labor/energy/value.

We are witnessing history here.

gold slut
Mar 10, 2017 - 12:50pm

@ AngryCitizen

I am intrigued. Could you expand on that?


Antony von Clearwell
Mar 10, 2017 - 1:08pm

Interesting interview

Hopefully "this" will manifest though I am still a bit skeptical. Will "it" finally happen this time?

I put a lot of hope in the fact Andrew did not see "these kind" of events before.

I keep it a bit obscure so people will be more tempted to listen :)

indiana rod
Mar 10, 2017 - 1:16pm

How It All Ends

Many have speculated how this will all end.The shorts are trapped. They can't possibly cover without sending the price of silver through the roof.

Here's my guess how it will all end.

Overnight, with the market closed, J P Morgan will cash settle their shorts. When the market opens the next morning JPM's banker buddies get killed and we have the mother of all short covering panics.

J P smiles while his 550 million plus ounces of physical makes J P the richest bank in history.

Mar 10, 2017 - 1:22pm

So This Looks Like A Game Changer

Electricity from WATER: Kilowatts in:MEGAWATTS out. Looks like something built in a garage....But so did the Wright Flyer...Uses SILVER btw.


(Credit to Turdvillite BOSWELL for finding this.)

October 27, 2016
BrLP presented a commercial SunCell® design at its Industry Day of October 26th. The cell comprised dual liquid silver metal injectors that further served as the source of electricity to cause ignition of the hydrino plasma reaction. The liquid electrodes eliminated the ¼ inch thick tungsten bar electrodes that vaporized in seconds in the prior design run at Columbia Tech on July 20th (See below for the side view video showing 6000K plasma blackbody radiation filling the glove box; a top view video showing the melting and vaporization of the electrodes in seconds, and the picture of the vaporized cell). The commercial cell further being comprised of refractory materials solved the cell vaporization problem. The cell having dual carbon reservoirs, dual molybdenum electromagnetic pump injectors, and a carbon spherical plasma reaction chamber and blackbody radiator. The cell was run in a sealed chamber having a commercial design. The present video shows an excerpt of the testing of the commercial SunCell® design having refractory cell components and injection and ignition systems comprising molten electrodes engineered to last indefinitely. First, the cell was operated with electromagnetic (EM) pump injection only. The EM pump pressure was increased to cause intersection of the molten metal streams. Then, electrifying the opposing molten silver streams initiated and maintained the ignition. Controllable high power density was achieved while avoiding electrode or cell melting and vaporization. It is predicted that with sufficient silver vapor pressure, the power will persist by a self-sustaining hydrino reaction. Moreover, as designed, when the cell is operated as a silver boiler, the EM pump power may be terminated as well such that the parasitic load is zero except for the power consumed in electrolysis of water to provide the hydrogen fuel. In fact, the power did persist at the same level for long duration after the ignition power was terminated (See sections of the run indicated by the ignition-off video captions). Dr. Mills presentation with external links to the embedded videos is available here. If the embedded PDF videos do not work, please use the external links to view the videos.

(The PDF file above may take some time to download. Save the file to your local drive and open it in Adobe Acrobat to watch the embedded videos. Adobe Acrobat can be downloaded here. If you are unable to view the embedded videos within Acrobat Reader, please update your Flash Player and Flash plug-ins. These are available from Adobe here.)


indiana rod
Mar 10, 2017 - 1:37pm

Another Thought

JPM may also be holding some of those steadfast longs on the Comex by a Proxy.

Plus, after cash settling their shorts, they go heavily long in London, guaranteeing the Comex would open sharply higher.

This is just my thought. Not that the fine folks at J P Morgan would be dishonest.

gold slut
Mar 10, 2017 - 1:42pm

USSR anyone?

I read some comment recently about how things in the West seem to be mirroring what happened in the last five years or so before the USSR blew up.

The official figures that come out about how well the economy is whizzing along etc really do make me laugh. The latest employment figures in the US are a classic example (tractor production is up five percent over last year comrades!) Here in the UK I recently heard the official inflation figures and it was some laughably low figure. I take my Dad shopping every weekend and he buys the exact same things week after week and prices have risen over the last four months by exactly 10%! And don't get me going when you look at gas and electricity!

When I hear the BS from TPTB about how great things are in the economy and inflation is negligable yadah yadah, over and over I really am thinking now that they really now are getting desperate. Anyone with eyes can see what lying fools they are showing themselves to be.

I think I am going to do some reading this weekend on how things went in the last five or so years of the USSR, just so I can get a feel for how this may pan out.

Mar 10, 2017 - 1:50pm

GS- I think I know what Angry C is getting at

There are certain cultural or economic phenomena (and this one is both) which are truly significant and hugely important, but because those who are typically tasked with either analyzing that area, OR reporting on that area, have a vested interest in the status quo, they ignore warning signs until it is too late. The perfect example of this is the 2007-2009 Mortgage Crisis that brought down Bear Stearns, Leaman, crushed the stock market to an ultimate intraday low of 666 (a perfect symbol if ever there was one), and caused millions of hardworking people who had spent a lifetime saving money in their 401k's to see the accrued labor of their lives vaporized literally in half... in the span of less than nine months time.

Now think about all the Ivy-League PhD's working for all the big banks, brokerage houses, all the "smart money" investors and all the financial newsletter writers who make their livings analyzing the markets... how many of them saw that massive earthquake coming? Nassim Talib saw it, and called it a Black Swan. Michael Burry saw it coming, and nearly blew up his fund betting against the irrationality before he was finally proven right, and made the subject of the book (and movie) "The Big Short". In other words, all the signs were there, if you were looking... but nobody was looking, because they all had a vested interest in maintaining the status quo. They were not seeing reality, they were seeing what they wanted to see, because their paycheck required it.

What is being proffered here is the idea that (1) there is an enormous imbalance between "paper gold", leveraged at minimum 100 to 1 against the physical underlying, and according to Andrew more likely 400 or 500 to 1 in the derivatives market, (2) the absolute insanity that Turd constantly points out of allowing the "price" of gold to be set by the unconstrained issuing of these paper contracts, totally unconstrained by any ties to the physical market- thus allowing the issuers, i.e., the big banks, to cap any rallies, suck in speculators then crush them in avalanches of unbacked paper to take their money regardless of the fundamentals of supply and demand in the actual market for physical gold and silver, and (3) what Andrew is positing here: that there is a change in the winds- that the market structure is changing, and that certain things are taking place that will at first diminish, then eventually destroy, this ability to issue unlimited paper gold... thus freeing the price of gold from this artificially created constraint.

In a nutshell, that is how I see it- he is the Nassim Talib of the gold market, saying that things are changing and that at some point in the very near future, this is going to change and price is soon going to be determined by physical demand rather than unlimited paper creation by the "market makers". Thus this is potentially an earthshaking change, and Turd and Andrew are trying to alert people now, and Angry Citizen is saying that a few years from now, people will be looking back at these posts and saying "God Damn, somebody saw this thing coming..."

Mar 10, 2017 - 2:07pm

Listened twice

and will be going back for a third listen this weekend, many thanks !

Nick Elway
Mar 10, 2017 - 2:11pm

Ack! Silver to $600, Au to $4300, BTC to $13000 in 2018

They've all been wrong before..but maybe this time Andrew Maguire and Bix and Clif and V will be right!

ALERT: Clif High, Bix Weir & "V" - Hump Day LIVE!
Clif High: Deep State Power Struggle, MSM Collapse, More Chaos.. Part 1
Clif High: Deep State Power Struggle, MSM Collapse, More Chaos.. Part 2
Mar 10, 2017 - 3:27pm

Excellent discussion

I sure would like to see one YUGE commercial signal failure.

Mar 10, 2017 - 3:52pm

Gold Wars raging

If you haven't read the book Gold Wars by Ferdinand Lips you should to better understand what we have been through and what extremes we have come to as the Comex paper gold contract plays over a 3 day period last month represented 2 1/2 years of world mining production. Andy M at the same time is involved in the LBMA London market where the West deals most all of the physical gold that goes to Switzerland mostly for refining and ends up in China or India for the most part. Yet even the LBMA market is 80% paper most of the time so then you have the currency markets where the paper XAU gold is traded along with the endless paper derivative plays the big Banks use to create these notional pushes on not just gold and silver but most all markets in our financial MATRIX world. It's a complete sham!!

I think Andy makes a good case as to how the physical markets are emerging right now and in the months ahead as the key pricing factor. I'd love to see JP Morgan and the other bullion banks get their faces ripped off on some huge short squeeze. They will probably step out of the way before being smacked too hard but I can hope can't I?

Safety Dan
Mar 10, 2017 - 6:11pm

From Goldcom on another thread

intriguing new business, and after conducting our own due diligence, my fellow camp instructor Craig Ballantyne and I both invested a six figure sum.

Ben is extremely talented, and it’s been a great deal so far.

The company will likely break $10 million in revenue this year and return strong free cash flow to shareholders.

But that’s just the business and brainy side of Ben.

He’s also an extraordinarily compassionate and optimistic person.

Ben is ridiculously grateful every single day for simple pleasures that most people take for granted. Running water. Electricity. Salt.

Ben lives in the San Francisco area and has unfortunately had too many first-hand experiences with the city’s rising crime rate.

He’s had his car broken into and vandalized a number of times, and recently his car was actually stolen.

Ben was able to track it down using a GPS device and mobile phone app, ultimately finding the vehicle abandoned because the perpetrator had run out of gas after joyriding all day.

Being the optimistic person that he is, Ben wasn’t even upset. He believes that the man committed this crime out of economic necessity, and felt grateful that he’d never been put in a similar position.

But then, literally the NEXT DAY, the SAME guy stole Ben’s car. Again.
Something tells me this guy won’t win the “Criminal of the Year” award.

What follows is Ben’s story-- the story of an incredibly optimistic, forgiving person who always gives people the benefit of the doubt.

But after this experience, even Ben is losing faith in the institutions that are supposed to keep society safe.

It’s not a dig at any particular individual. There are plenty of good cops who want to help, and plenty of bad cops who are violent scumbags.

It’s about the institution itself-- one that’s bureaucratic, ineffective, and fails to accomplish its purpose.

Here’s an excerpt from Ben’s story, which he shared on Facebook:

I woke up this morning at 8:15 am, checked for my car, saw that it was stolen again and being driven around San Francisco by the same perpetrator who broke in yesterday and abandoned the vehicle after it ran out of gas.

I call 911 immediately, inform them of the situation.

But they tell me that, even though I literally have a GPS tracker in my car, and know exactly where it is, and that it's being driven by perpetrators right now, I'll need to file a police report before they can do anything.

Later, at the police station, the officer who helps me acts entirely unconcerned, spending plenty of time gossiping with the other police officers as well as texting on her phone.

No one seems actually concerned that there is literally someone driving my vehicle around right now in San Francisco that they *could* apprehend, but won’t.

After being stuck at the police headquarters for close to an hour while helplessly watching the perpetrators drive all around the greater San Francisco area, I make up an excuse and tell her that I need to leave.

She writes down my case number and lets me go.

So that was almost two hours we wasted, just getting there and filling out paperwork.

Yesterday when I called 911 I waited for over 3 hours for a police officer to show up. But no one ever came.

Cops in a nearby city told me a story of SFPD getting a “burglary in action” call, which they took *nine* hours to respond.

Now, I'm a pretty optimistic person and willing to give people the benefit of the doubt in a *lot* of cases, and also understand where they're coming from.

I don't even care that these guys stole my car; this is an economic crime - if they were rich, they wouldn't be going around stealing cars and risking years in jail.

I'm fortunate I didn't have to grow up poor and surrounded by bad influences.

But if it's THIS hard to get the police to help me while I have a GPS device tracking exactly where the car is, and they fail to do anything about it while I'm mired in paperwork, and I have to literally track the suspects down myself in some absurd vigilante justice situation, how can I trust the system?

What happens when it comes to far more serious crimes that are not economic in nature, but threaten life and bodily harm?

Murder, rape, violent assault.

No wonder the vast majority of rapes go unreported and unpunished.

If it's this hard to successfully apprehend a criminal in a case like this, how can anyone possibly have faith that the police or government will be able to respond effectively?

And this is only the tip of the iceberg in the justice system. After they're apprehended, everyone gets away anyway in those less clear cut cases.

Simon again.

The end of the story is that Ben recovered his vehicle, thanks primarily to modern technology and his own persistence to force the cops to do their jobs.

Of course, now his car is in a police impound lot while they go through even more of their bureaucracy.

He’s clearly lost confidence in the system.

But Ben, being the entrepreneurial value creator that he is, always looks to solve problems rather than complain about them.

And he closed his Facebook post with a call to action: “This bothers me a lot. This is not okay. What can we do about this?

I have a few ideas. Let’s discuss next week.

Have a good weekend,


Safety Dan
Mar 10, 2017 - 6:14pm

Jeff Sessions Asks All

Jeff Sessions Asks All Remaining Obama-Appointed U.S. Attorneys To Resign

"As was the case in prior transitions, many of the United States Attorneys nominated by the previous administration already have left the Department of Justice. The Attorney General has now asked the remaining 46 presidentially appointed U.S. Attorneys to tender their resignations in order to ensure a uniform transition." - DOJ

Safety Dan
Mar 10, 2017 - 6:19pm

March Missile Madness: Odds

March Missile Madness: Odds Of A North Korean WMD Attack In Next Month Tops 60%

"There is a 62% chance of North Korean WMD activity in the next 30 days..."

Got gold?

Safety Dan
Mar 10, 2017 - 6:20pm



They descend on towns and villages, plundering crops and rampaging through homes. They occasionally attack humans. But perhaps most dangerous of all, the marauders carry with them highly radioactive material. Hundreds of toxic wild boars have been roaming across northern Japan, where the meltdown of the Fukushima nuclear plant six years ago forced thousands of residents to desert their homes, pets and livestock. Some animals, like cattle, were left to rot in their pens.

Safety Dan
Mar 10, 2017 - 6:22pm

Global Leaders Rattle Their

Global Leaders Rattle Their Sabers As The World Marches Toward War

Iran just conducted another provocative missile test, more U.S. troops are being sent to the Middle East, it was just announced that the U.S. military will be sending B-1 and B-52 bombers to South Korea in response to North Korea firing four missiles into the seas near Japan, and China is absolutely livid that a U.S. carrier group just sailed through contested waters in the South China Sea. We have entered a season where leaders all over the globe feel a need to rattle their sabers, and many fear that this could be leading us to war. In particular, Donald Trump is going to be under the microscope in the days ahead as other world leaders test his resolve. Will Trump be able to show that he is tough without going over the edge and starting an actual conflict?

The Iranians made global headlines on Thursday when they conducted yet another ballistic missile test despite being warned by Trump on numerous occasions…

As tensions between the U.S. and Iran continue to mount, the semi-official news agency Tasnim is reporting that Iran’s Revolutionary Guard has successfully conducted yet another ballistic missile test, this time from a navy vessel. Called the Hormuz 2, these latest missiles are designed to destroy moving targets at sea at ranges up to 300 km (180 miles).

Reports on the latest test quotes Amir Ali Hajizadeh, commander of the IRGC’s Aerospace Force, who confirmed that “the naval ballistic missile called Hormuz 2 successfully destroyed a target which was 250 km away.”

The missile test is the latest event in a long-running rivalry between Iran and the United States in and around the Strait of Hormuz, which guards the entrance to the Gulf. About 20% of the world’s oil passes through the waterway, which is less than 40 km wide at its narrowest point.


Safety Dan
Mar 10, 2017 - 6:24pm

This Region Of The World Is

This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily. Of course the two nations that I am talking about are Brazil and Venezuela. The Brazilian economy was once the seventh largest on the globe, but after shrinking for eight consecutive quarters it has now fallen to ninth place. And in Venezuela the economic collapse has gotten so bad that more than 70 percent of the population lost weight last year due to a severe lack of food. Most of us living in the northern hemisphere don’t think that anything like this could happen to us any time soon, but the truth is that trouble signs are already starting to erupt all around us. It is just a matter of time before the things currently happening in Brazil and Venezuela start happening here, but unfortunately most people are not heeding the warnings. (Read More...)

Mar 10, 2017 - 6:43pm

Andy said that silver would be the market that breaks gold

but FWIW my thinking is just the opposite; that when gold breaks free because of demand, silver will go along for the ride on worldwide sheeple demand. Craig pointed out and Andy agreed that neither any big user of silver nor any of the bullion banks who are making billions of fiat with the wash, rinse, repeat cycle, wants the price of silver to go up. There is no one to buy in quantity and vault other than JPM. We might be seeing the huge open interests simply because the more open interest, the more fiat the banks make on the W-R-R cycle so that JPM is basically earning a return the equivalent of a steady increase in the fiat price of silver as a result of their large physical position. As long as the market allows them to manipulate like it does I see no reason why JPM would allow the price to rise. I would be interested to see an estimate of the dollars earned per ounce of silver in their vault by this W-R-R cycle. I would not be surprised to see that based on that calculation the silver in their vault is at an all time high. Their physical allows them to go hugely short and if the system breaks, they are covered. Because of the cost of vaulting, the big users and institutional investors are not willing to make large purchases as long as silver remains available. The miners would certainly want the price to go up but as Andy explains, they are not going to “pee in the face of their bankers” absent an alternative financing mechanism because the banks would just shut them down and take over their business. If the world keeps running a silver deficit eventually physical supply and demand will drive the price when it is no longer available for end users but until that time comes it seems to me that this could go on for years. Monetization would drive the demand wildly but I don’t see that happening. The traders have perfected the suppression mechanism and I think we silver stackers will just have to wait until supply versus user demand takes over the pricing and that could take years. The situation with gold seems different because of the institutional demand and the willingness of central banks and other big buyers to take delivery and go ahead and vault it. However, when I read the link that Craig put up about Elemental being supplied with 5000 pounds (what a strange way to express gold amounts) per year from just one smuggler that apparently is not considered in the official supply numbers, it makes me wonder how much more unaccounted for supply is being added to the market surreptitiously. I really don’t want to be in the crowd that cannot get physical when the day comes so for my purposes I am just going to


Just my 7.425 grains worth

Mar 10, 2017 - 6:53pm

@NUGTCALL (and other harsh critics of A.M.)

You don't appear to comprehend that when, for example, Andrew McGuire asserted that the advent of the Shanghai Gold Exchange would bring about the end of the COMEX/LBMA paper gold scam, he was not suggesting that it was going to happen INSTANTLY!

Likewise everything he has said for the past several months in relation to the ever-diminishing power of the bullion banksters to use the digital derivatives to manipulate the price of precious metals.

I submit that the opening of the Shanghai Gold Exchange will be viewed, in historical terms, as very likely the single most influential factor in the ultimate unraveling of the Paper Gold Ponzi (PGP). But the phrase "in historical terms" is key: you have to keep in mind that the PGP has spread its tentacles for forty years now. It is a huge, complex, deeply rooted system that has become an integral component of the entire global gold market. Anyone who has ever thought its destruction would be something that could occur overnight -- or even over the course of several months -- has simply not understood the nature of the beast. The advent of the SGE was more like the tip of a blow dart, whose prick was not even hardly felt by the target at the moment it struck, but which introduced a slow-acting carcinogen into the body of the PGP. Ever since its introduction, the pathogen has been spreading; its cells multiplying -- slowly but surely -- throughout the now fatally infected COMEX/LBMA organism.

And now, here in March 2017, its effects are finally starting to make themselves manifest in clearly discernible ways.

I don't recall the exact amount, but to the best of my recollection, the famous Sunday night price raid in July 2015 consisted of about $1 billion notional of CDG -- and it produced an immediate $65 drop that was followed by a devastating, demoralizing six-month-long downtrend in gold that did not end until the Fed raised rates in mid-December of that year.

But now ............... a $1 billion notional price raid would only produce a small fraction of the effect it had in July 2015!

I submit it is a direct reflection of the ever-expanding influence of the Shanghai Gold Exchange. But, far more importantly, the SGE is now being used in a way that very few people foresaw (although I am now convinced that this was the primary motive for its creation): it is the key component in what will soon be seen as the death knell of the whole petrodollar system itself! As both Grant Williams and Luke Gromen have explained in recent weeks: the Chinese have begun paying for oil imports from Russia, Saudi Arabia, and Iran using YUAN, which is then exchanged for PHYSICAL GOLD at the SGE!!!

The import of this development cannot be underestimated. Simply stated: It marks the beginning of the end of not only the PGP, but of the 73-year-long hegemonic reign of the US dollar.

Furthermore, as the ABX electronic trading platform expands its scope and level of participation, and begins to develop some momentum, the attractiveness of the COMEX/LBMA system as a vehicle for speculative trading in gold and silver will diminish commensurately. I don't even think we'll ever see a commercial signal failure / force majeure event / etc. Rather, I think the whole COMEX-driven Paper Gold Ponzi will simply fade into irrelevance over the course of several months -- and its only mention in the future will be in the context of the many class-action lawsuits that will continue to be litigated and settled throughout the decade of the 2020s.

Safety Dan
Mar 10, 2017 - 6:59pm

Who is killing all the

Who is killing all the Russian diplomats?

Russian Ambassador to the United Nations Vitaly Churkin

Russian Ambassador to Turkey Andrei Karlov

HIGH-ranking Russian diplomat Petr Polshikov

Russian ambassador to India Alexander Kadakin

Athens embassy where Russian consul Andrey Malanin was found dead – photo unavailable of A. Malanin


Mar 10, 2017 - 7:29pm

2 bucks...

Go into most any reasonable coffee house and get a cup of their brew-of-the-day and you'll likely pay somewhere around 2 bucks...

Come to this site, spend that 2 bucks and you get a week's access to the best info on the web ! Not just the best PM analysis by your host TF but incredible insights by some of the most flexible and wise minds around. Today's interview is just such an example.

Further, you'll find commentary from some really superior out-of-the-box thinkers ! The members of this community offer the full range of views regarding all kinds of topics and issues. They make you think, they make you laugh, they make you see things anew, and they make you wiser. This "family" of TFMR members are an outstanding group dedicated to bringing forth their best thoughts and insights all for the benefit of each other, and for making this site one of the best on the internet.

If you are new to the site you should really consider coming on board for a month and taking a short cruise with us. It's a coffee a week (2 bucks) and I can almost guarantee you will not be disappointed.

Hope to see you around !!!!

Ned Braden
Mar 10, 2017 - 7:35pm

Time to Re-Post

A couple of Pining's classics...... Great Great Stuff, Mr. Pining. A Picture IS worth a thousand words.....

Above: General Hemke and Battle Weary Troops not giving an inch........

Above: A Superb Cinematic Thriller Starring Turd Ferguson, Andrew McGuire and Ned Naylor-Leyland in pursuit of the Bad Guys.....

Above: Self-explanatory. The best reason to join TFMR..."Premium Content"

Above: A searing tale of love/hate/money/fraud and unbridled greed. In other words, our present-day bullion bank "pricing" mechanism.

EDIT: Most of these were crafted by Pining 4 The Fjords prior to the mysterious events of April 13-15, 2013 when some unknown seller, without regard for profit dumped tons of CDG all at once at "market" price.

Mar 10, 2017 - 10:15pm


It is procedural to replace the "State" US Attorneys when you have a new Party in the White House. They always do it. If you want to ask somebody to stay, you ask them. These are the "appointed" #1 positions in the State. Nothing new. No swamp positions.

It happens. Sign the letters and see if they will stay in the position until the new "appointee" arrives. Routine, with new appointees knowing it will happen to them if party change in White House. Find a real issue like is the new AG going to indict Wall Street.

Mar 10, 2017 - 10:41pm

US Attornwys

Here is the better issue: Those 46 need to go as they worked directly for Holder and Lynch who obviously had orders to not indict and prosecute Wall Street.

That left the State AGs to prosecute those cases where there was joint jurisdiction. Those are not SEC cases or banking regulation but Fraud and Theft which are also crimes under state statutes.

There are no statute of limitations because the thefts are Ongoing acts that they continue to perform and are treated in whole, not part.

That hasn't happened either.

It all keys off who is President, who is US AG, who is Governor, and who is State AG. Your best possibility is a former criminal prosecutor to be in the mix. Wall Street defense firm's don't hack it.

Mar 10, 2017 - 10:53pm


For those of you who are interested in the Miners here is a fantastic article !'

This was posted on another "Gold Vault" thread this morning by TF himself...


best 40 cents I've spent all day !!!!

Mar 10, 2017 - 11:21pm

Thanks Ned!

I have to say, that book cover of Turd and Blythe still makes me laugh every time, that's one of my very favorites. Mainly because the inspiration came out of nowhere, and the composition and colors and elements just fell together beautifully and effortlessly, like they were supposed to be together. I just got this wild-ass idea for it, and the best part was thinking of my buddy Turd logging on and seeing this thing that looks like a real ad, catching him totally off-guard, and Turd being all confused for a second, like "WTF? Me? Forbidden love? Breaking the comex, what the hell is this?" Gets me every time!

NUGTCALL CaptainDanite
Mar 11, 2017 - 12:24pm

Just saying Keep an Open Mind

Today London metals trader Andrew Maguire warned King World News that the bullion banks are once again in danger of experiencing a historic default. Maguire also discusses what is happening in the physical market for gold as well as the ETFs.

Andrew Maguire: “Much like back in 2013, the bullion banks are now once again at risk of a default but in a totally different circumstance….

Back then sentiment was bullish. As we stand now sentiment has been carefully orchestrated into the tank, but really only in terms of gold priced in dollars. Gold in all other currencies is in a solid bull market — not just paper gold traded in the currency crosses, but more importantly there’s a bull market in the underpinning physical markets.

Let’s not forget that there is only one store of immediately deliverable physical bullion no matter which currency you denominate it in. And this time around there is no way the central banks or the six agent bullion banks that have gold accounts with the Bank of England can rob sufficient above ground ETF gold to hammer (the price of) gold down again, as they did in 2013.

The bulk of what remains in these ETFs is in strong hands but I only hope for ETF investors that their gold and silver is unencumbered and it won’t be caught up in this cash settlement that we’re expecting. Technically there is a published list of numbered bars that states that these bars exist, but we also know that there is a degree of double-ownership (rehypothecation).

We have some 400 tons of (the ETF) GLD currently sold short. And there is (also) 525 tons of SLV sold short. This bullion has a counterparty risks associated with it, especially as these same bullion banks that are the anchor to this loaned out metal are naked short themselves against large over-the-counter unallocated holdings.

So although current US-centric gold sentiment is in the tank, physical gold is once again priced at a level where there are very few willing sellers of real bullion and we have strong demand. This once again leaves the paper market accrued short interest mismatched to real physical demand.

Eric, the point I’m trying to make here is that the 2013 event (where gold and silver were smashed lower) will never happen again no matter how many bullion banks come out spinning outlandishly bearish targets. Far too much has changed and there are a lot of reasons why the paper tail will not be able to wag the physical dog much longer.

The key thing here is that the physical markets have moved continents and they are increasingly out of control of the (Western) bullion banks and central banks. These central banks don’t have sufficient metal to supply into the market to assist in a continued suppression of gold and silver.

The global physical hubs are (now) firmly set in Asia and no matter which way you cut it, with very strong physical demand and the lack of immediately deliverable above ground supply being made available to short or to lease this gold out at these low prices, the primary lever (tool of manipulation) that the bullion banks have enjoyed for so long is (now) being removed.”


APRIL 2015

Keep an open mind. I own gold and silver. I look at it as an insurance policy like for my home. I hope I never need to use it. Just for fun go read 2013 reports. Good luck.

Mar 11, 2017 - 2:10pm

My dog saved my friends life

My friend visiting me, lost his conscience, collapsed on the floor, became pale in a desperate need for oxygen....And nobody had any clue was was going on behind the door, except my little "gangster"...He went nuts. Somehow he knew it. ....911 call, oxygen, ambulance and rush to the ICU.

Four days later, after leaving hospital, my friend came back, gave our 'hero' a bag full of goodies....My wee doggie buried all of them in the snow the next day.

Those few minutes were more important that all my gold investing.

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