A2A with James Turk

255

Just a fabulous Q&A with Mr. Turk today where we discussed everything from global gold demand, to the use of EFPs on the Comex to cryptocurrencies. You should be sure to give it a listen.

Among the topics addressed over the course of this webinar:

  • Current global demand trends in both gold and silver
  • The recent surge in the use of EFPs for short-covering on Comex. (https://www.cmegroup.com/trading/equity-index/exchange-for-physical-efp-...)
  • How much gold is held in private hands around the world
  • James' view of Bitcoin and other cryptocurrencies
  • James' position on the mining shares
  • A discussion of the relative valuation of silver versus gold
  • And a whole lot more!

Again, please be sure to give this incredibly informative podcast a listen. You will no doubt find that it is time well spent.

TF

  255 Comments

Marcrward · Apr 6, 2017 - 3:47pm

Silver

#1

Goldmatters · Apr 6, 2017 - 3:48pm

First?

First?

· Apr 6, 2017 - 3:50pm

repeating

Please be sure to read this. Don't get bogged down trying to understand what a eurodollar us. Instead, thoroughly consider what the eurodollar chart may be saying about the direction of the 10-yr rate. Then consider what a steeply falling 10-yr rate should do for CDG.

https://www.zerohedge.com/news/2017-04-06/key-reflation-trade-support-le...

el_duderino7885 · Apr 6, 2017 - 4:44pm

long term pennant in gold about to resolve???

Anyone else watching the long term pennant containing the long term 2011 downtrend (daily) with the more recent uptrend drawn from the rising bottoms drawn from the late 2015 and 2016 lows??

if gold breaks significantly above $1,265 in the next few weeks it'll be out of this long term pennant and would surely signify a significant long term trend change.

this would likely coincide with a breakdown in the dollar following its inability to extend higher having broken through long term resistance levels from the past several years.

This would be a major development in the gold market!! 

Marchas45 · Apr 6, 2017 - 4:47pm

Let's See

4th Again??? Keep Stacking

Man this is the longest I've Ever waited for 4th. 1Hr.

JQuest · Apr 6, 2017 - 4:56pm

Just Another last hour...

Equity market save...

AIJ · Apr 6, 2017 - 4:58pm

That's weird...

Coin market cap shows bitcoin at $ 1,500...

https://coinmarketcap.com/

ooops, back to normal now...$ 1,185

DOOGIE · Apr 6, 2017 - 5:38pm

True Story

This got buried at end of last post so in Mr. Rickles honor here goes

When I first moved to California from Jersey in the early 80's.My uncle owned a water softener company based out of Beverly Hills.He had me knocking on doors all over Beverly Hills, unbeknownst to me it was against the law. Needless to say I had my fair share of doors slammed in my face. Everyday my Uncle would give me the old today is the day rah-rah speech.

Well just so happened that, that today was truly the day.It was the straw that broke the Camels Back. I was in a nice but overly opulent neighborhood, when I knock on the door and who answers but Don Rickles in his bathrobe. He seemed to be nursing a pretty bad hangover. He cursed me out and called me every name in the book, the one that stood out was "You Hockey Puck". I will never forget that ,as I never heard that term before outside of a rink. After reaming me out he suggested I go over to Bob his neighbor across the street as he was sure he would buy one.

I ran over excitedly & rang the bell, who answers the door but one Bob Newhart with Mr. Rickles looking on with glee. He was not nearly as ruthless. That was my last day as a door to door salesman in Beverly Hills. Every time Don Rickles called someone a Hockey Puck in his routine I always relished the memory of Mr. Rickles on the porch in his bathrobe and laying into me. "Mr.Warmth" RIP

KD

Markedtofuture · Apr 6, 2017 - 5:47pm

"Diffusing The Bomb of Obama Care" Dave Janda

Published on Apr 6, 2017

The Spotlight of this Briefing focuses on how the “bomb” of health care destruction, Obama Care, can be defused and replaced in an expedient method. The Free market reforms instituted would decrease YOUR premiums by 70-80%.

Diffusing The Bomb of Obama Care

David Powell Guest Interviews:

David Powell - Health Care Policy Analyst

Sunday, January 22, 2017

https://www.davejanda.com/guests/david-powell/sunday-january-22-2017

Sunday, March 26, 2017

https://www.davejanda.com/guests/david-powell/sunday-march-26-2017

matt_ · Apr 6, 2017 - 6:06pm

WOPR Junior crash and burn

I found a mistake in my computer algorithm. There was an "i" instead of "i-1" in a loop. What that did was give the trend filter a peek into the closing price tomorrow from the point of view of a trade signal today. With that little bit of future information, I can develop a trend filter that gives 8o% positive trades for >5% gains each on paper. Changing "i" to "i-1" as it should have been, reduces the success rate of trades to 51%. What a clusterf$ck.

I thought I had removed all the look ahead bias, but it crept back in again. All is not lost, though. I still have some ideas. However, since I can't travel to the future, real money trading is put back on hold.

Thanks for the good wishes from folks here pulling for me to succeed. It is back to the drawing board again. 

First round goes decisively to Apollo Creed.

Marchas45 · Apr 6, 2017 - 6:26pm
Markedtofuture · Apr 6, 2017 - 6:34pm

Ira Epstein's Metals Video 4 6 2017

Published on Apr 6, 2017

Ira Epstein reviews the days trading in the agriculture markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Commodities, Ira Epstein, Linn & Associates, Futures Trading, Online Trading, Technical Analysis, Corn, wheat, soybeans, soybean oil, soybean meal, lean hogs, hogs, cattle, live cattle, feeder cattle, sugar, coffee, cocoa, cotton, commodities, derivatives, futures, CBOT, Chicago Board of Trade, Finance, Fox Business News, CNBC, Bloomberg, Charting, Sales: 866-973-2077

Ira Epstein's Metals Video 4 6 2017
Safety Dan · Apr 6, 2017 - 6:38pm

War Drums! India, Philippines

War Drums! India, Philippines Make Military Moves On China’s Border and South China Sea

War Drums! India, Philippines Make Military Moves On China's Border and South China Sea

In the near-vertical slopes of the eastern Himalayas, workers are blasting and cutting treacherous rock faces to build a top-priority military asset: a 34-mile road to the country’s disputed border with China.

Far away in the capital New Delhi—a six-day journey by foot, road, rail and air—Prime Minister Narendra Modi’s office is monitoring their progress as he doubles down on a billion-dollar infrastructure plan in this contested region to strengthen India’s hand against its powerful neighbor.

https://www.wsj.com/articles/india-mo…

Philippines’ Duterte orders troops to disputed South China Sea reefs.
https://twitter.com/AFP/status/849893…

6:49 min

scoremore · Apr 6, 2017 - 7:03pm

Turd love your show!

I know you were so tempted to ask about Lacker, Medley and the Fed....

Shoot I thought you were going to break out another half hour... I was rooting for it...

Great show! yes yes

tonym9 · Apr 6, 2017 - 7:54pm

MATT: Stay the hell away from

MATT: Stay the hell away from Drago...he's a killer. That blonde with him can't be trusted, she brings trouble into the next play...Just ask Cobra Cobretti cuz after all Mr Market is the disease and he's the cure.

oh man, that's bad lol

Seriously though it is good to find the mistakes, that will refine your process. Keep at it. The only thing any trader can ask for is an edge. 

Ira is good charting info...much to gain in the scant 10 minutes or so you invest

Marchas45 · Apr 6, 2017 - 8:04pm

An Oldie But Goodie

Just Like Me. Keep Stacking

Spike Milligan - Kilt Chimes
tyberious · Apr 6, 2017 - 8:07pm
Maestro · Apr 6, 2017 - 8:13pm

Warmongering

Following the news closely here on Syria, the accusations surrounding the claims of nerve gas in the recent bombings. I prescribe completely to Ron Paul's point of view as posted at Zerohedge.

What has me so concerned, is that with the past many months of Russia-phobic ranting and finger pointing in the U.S, coupled with no proper investigation and an out of control military industrial complex...I fear the worst.

McCain scares the hell out of me. The U.S. scares the hell out of me. The warmongering has to stop!

Safety Dan · Apr 6, 2017 - 8:33pm

Bank of America Says You

Bank of America Says You Should Buy... Gold?!

Video unavailable

What would compel one of the largest banks in the world to give the advice that people should buy gold to protect themselves from the coming crash? What is the "Icarus Trade"? What is the "Great Fall"? Watch, and find out!
Correction: Michael Hartnett is not just any analyst, but is actually Chief Investment Strategist at Bank of America Merrill Lynch

7:44 min

benque · Apr 6, 2017 - 8:41pm
infometron · Apr 6, 2017 - 8:55pm

It's a wrap folks...

https://www.zerohedge.com/news/2017-04-06/report-bannon-refers-jared-kus...

and a bad one... blood is thicker than water!

Globalists win. We're all so screwed!

Armageddon here we come...

tyberious Maestro · Apr 6, 2017 - 9:11pm

As an eternal optimist, I'm

As an eternal optimist, I'm giving up!

We worked hard to get DJT elected and TPTB have cooped him.

The bankers that own us, read bankruptcy of US, 1934, have the rights to do with the government as they please. And they please to keep the world on a Fiat standard and this requires Syria, Iran and North Korea to join in on the complete slavery on mankind!

Bar None!

It's grim but perhaps cooler heads prevail. Im not counting on it!

NUGTCALL · Apr 6, 2017 - 9:15pm

Turd

Historically what effect does war have on the price of gold?

scoremore · Apr 6, 2017 - 9:17pm

WTF

Stay the hell out of Syria...WTF!

No BummerCare repeal, no tax reform, no stopping of illegal immigration and now more freaking world police war.

His platform was a bunch of lies...

And Hillary is out there saying she would bomb the Syrian airfields...

So pissed.

· Apr 6, 2017 - 9:19pm

Well, he did it

"Dozens of Tomahawk missiles" fired at two Syrian air bases.

Pray NOW that no Russian soldiers have been killed.

DOOGIE · Apr 6, 2017 - 9:19pm

Here we go

Gold taking off, we just bombed Syria. Let's not forget to pray for the innocent children.

trx16 · Apr 6, 2017 - 9:22pm

And now Syria OMG

What a can of worms. Need that petrodollar protected. This will be getting very messy very quickly IMO. Let's see if gold gets capped off. 

tyberious · Apr 6, 2017 - 9:22pm

And Hillary is out there

And Hillary is out there saying she would bomb the Syrian airfields...

Will she be there?

lakedweller2 · Apr 6, 2017 - 9:22pm

Trump Does Act of War

Appears Trump does preemptive strike on sovereign state.

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