A2A with Bill Murphy of GATA

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What an opportune time for an A2A webinar with our old friend, Bill Murphy of GATA. Lots of great discussion today about the current state of the metals "markets" so please make some time to give this audio a listen.

Many thanks to Bill for the generous donation of his time today. Among the topics discussed in this webinar:

  • The latest CoT wash and rinse cycle on The Comex.
  • Are we seeing a capitulation of sentiment in the precious metals sector?
  • Is there any limit to the manipulation and will The Cartel ever break?
  • Will the civil litigation in silver have any price impact?
  • Bill's 40-yd dash time back when he was a WR with the Boston Patriots.
  • And a whole bunch of stuff in between.

Again, please carve out some time to give this a thorough listen. You'll be glad you did.

TF

  78 Comments

May 11, 2017 - 2:42pm

Another Nork missile test

Just happened a few minutes ago. So recently that it may even still be in flight if it didn't immediately blow up.

May 11, 2017 - 2:45pm

CDG up $5.30 today

That's the best, one day UP move since...April 13. Ugh.

indiana rod
May 11, 2017 - 2:46pm

W R Receiver With The Patriots?

As a Colts fan I guess I can forgive him since he is a silver bull.

A sudden thought. All this angst about the miners, if they're making money with $16.00 silver, what do you think their price will be with $32.00 silver?

AgAuMan
May 11, 2017 - 2:51pm

Last BitCoin comment for me

BitCoin and the block chain are 2 separate things.

IMO, the block chain is the only thing about BitCoin that has intrinsic value. If I can draw an analogy (I have been a software engineer for over 30 years) BitCoin is the "Hello World" application for the block chain technology.

Have at it fellow Turdites... Rip me a new one... lol

May 11, 2017 - 2:52pm

Today's OI update

On Wednesday, CDG rose $3 but total OI was down 7,800 contracts to 425,252. This is now down over 57,000 contracts or about 12% from the 2017 OI peak seen just three weeks ago on April 21. This is also the lowest total OI since April 3.

CDS broke its 16-day skid yesterday by rising 14¢. Total OI also rose by 3,800 and now sits at 199,826. Of greatest interest, on May 4...one week ago today, OI bottomed at 188,527. Over the next four days of last Friday through yesterday, price fell by just 10¢ while total OI has RISEN by 11,300 contracts.

Marchas45
May 11, 2017 - 3:00pm

Maybe 4th

Keep Stacking

canary
May 11, 2017 - 3:02pm

Murphy talks about gold/silver manipulation...

But you explain it better, Craig. The process becomes very clear when you say "The commercials use naked shorts when the specs are buying, then cap, cap, cap the price until the buying becomes exhausted. Next they hit it with mega sell orders to trigger stops...and cover".

tfeverAgAuMan
May 11, 2017 - 3:03pm

Last BitCoin comment

Yeah, block chain is the tech that has intrinsic value. Just think about it, if you can replace "current manual private ledger" tech with "automatic public ledger" with blockchain. The banks since 1600 making bucks on it. What if you can own a piece of stock of a blockchain?

Second some altcoin provide someway in the future to run cloud apps with it. So it has value this way. Just think of how much money are you willing to paid for cloud servers and apps use.

Like always, do your own research.

AIJ
May 11, 2017 - 3:38pm

A BTC Tweet....

I am saying this since 2 years: The price pattern is repeating itself. This means 3-6k USD per incoming.

BigmigAgAuMan
May 11, 2017 - 3:39pm

Agree

100% agree with you! Several foreign governments are looking into blockchain metals trading right now.

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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
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Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
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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
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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
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12/11 2:00 pm ET FOMC fedlines
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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

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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
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12/6 8:30 ET BLSBS
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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
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11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
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Key Economic Events Week of 11/11

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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
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Key Economic Events Week of 10/28

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10/31 8:30 ET Core Inflation
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11/1 8:30 ET BLSBS
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1/1 10:00 ET ISM Manu PMI

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