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
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

BillD
Apr 6, 2017 - 5:10pm
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

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

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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

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

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