A Visit with Greg Mannarino

Late Wednesday evening, I had the opportunity to visit again with trader/author/analyst Greg Mannarino. Given all of the events before and after this latest Fed Funds rate hike, I was quite interested to get Greg's take on things.

We tried to keep this discussion broad and wide-ranging so, over the course of this call, Greg and I discuss:

What The Fed might be attempting to accomplish through these FF rate hikes
The GAN2017 notion of King Dollar...while the dollar is down 7% YTD
Why long rates keep moving downward and what impact this flattening of the yield curve will have
The levitation of the equity markets and how long it might last
The manipulation of the precious metals and why Greg rarely trades the digital derivatives or the mining shares
Why Bitcoin is NOT in a bubble
And a whole lot more!

Thanks again to Greg for his time and for all his efforts to educate and inform the masses. Please be sure to visit his site and his YouTube channel on a daily basis and then be sure to follow his advice to "pay it forward".

107 Comments

First

Last

TF
Jun 15, 2017 - 1:35pm

Everyone

Please be sure to check the comments section of this morning's Vault post. I was able to add a bunch of extra charts.

Antony von Clearwell
Jun 15, 2017 - 1:38pm

straight to listen

dont care about ranking :)

silverflower
Jun 15, 2017 - 1:54pm

I've been following Greg for a damned long time

I think it was 2012 or '13 when I saw him on Y't 1st time. He had long hairs back then, much longer then today. Like a Hippie, ..lol. He was talking such a boatload full of reasonable things. I was somewhere around the Baltic sea, and my Internet connection was so poor. The only place where is was some kind of reasonable was on the first floor of our rented holiday house, but only if I opened the window. So I sat there in the most northern part of Germany, usually during the evening when my wife was watching TV downstairs, close to a wide open window and listened to Greg Mannarino coming to me from the USA. I think at that pint in time I was one of lets say ten individuals in Germany at a whole. This is what makes life so special for me: Listening to/reading from/communicating with like minded people around the globe.

canary
Jun 15, 2017 - 2:06pm

OI (final)

Gold Future +2,867 (total 474,001)

Silver Future +1,179 (total 202,393).

TF
Jun 15, 2017 - 2:35pm

One of the all-time greats...

It seems silly now, but in 1912 some nuts thought the Fed would become an all-powerful Wall Street/Bank/Gov't cartel. pic.twitter.com/rFjCf4KElx
— Rudolf E. Havenstein (@RudyHavenstein) February 22, 2014

TF
Jun 15, 2017 - 2:50pm

As discussed yesterday

But repeating here again today.

You often here me state in interviews that the stock market isn't what it used to be. That HFT controls everything and that up to 85% of all volume is done by algos and quants.

This new article states that only 10% of all stock trading is done by actual human beings. And you wonder why "the market" never goes down. Again, The Banks simply rig the computer inputs and up she goes.

"Only 10% of NYSE trading volume now comes from discretionary investors".
Now do you see? #HFT runs EVERYTHING!https://t.co/34uO229CFk
— TF Metals Report (@TFMetals) June 15, 2017

bookers126
Jun 15, 2017 - 3:49pm

Following Greg Too

I too have have followed Greg for long time, so long ago that I got his "The Game is Rigged" book when it came out in 2011.

Just re-read chapter 5 wherein Greg said buy silver not gold because the GSR was 50 and historically it is 15.

Wow, to think it is 6 years later and now the GSR has been rigged up to 75.

abundance
Jun 15, 2017 - 5:12pm

help please..when sending a pm, does one

need to alert the person or does some kind of message 'pop up'?

tia

Dirt_Reynolds
Jun 15, 2017 - 5:51pm

I sent you a PM abundance

Look at your user name toward the top left of the browser window. Click on inbox. I usually see a number by inbox if I have messages (or i may see the number by my name i do not recall for sure... one of the two lol)

hope it helps.

BTW. To whomever referenced Glenn Gary Glenn Ross, thumbs up. Great movie.

#keepstacking #networking

AIJ
Jun 15, 2017 - 6:04pm

Pretty good comment on Silver docs

....in response to this article by Chris Powell;

Government Can Destroy Bitcoin…What About Gold? | Chris Powell

https://www.silverdoctors.com/gold/bitcoin-trades-like-gold-without-price-manipulation-chris-powell/

"If you view the 10 year charts for silver you’ll understand why people are upset on this forum and hate bitcoin, ethereum, etc. Dating back 5 and 6 years ago when Bitcoin was $20 – $100 range they called it Con-coin, Sh*tcoin, Ponzicoin and every other name in the book doing their best to scare everyone away from touching these crypto currencies.

Despite the recent sell off Bitcoin is upwards of $2,500 range or a 25x to 100x return over 5 years while silver has gone down about 50% during the same period. Now these same pundits which have been 100% incorrect about EVERYTHING continue to slam away at Bitcoin calling it every name in the book. They were WRONG about how everything would play out for the next decade. They said the stawk’ market would be at 5,000 and it’s over 20,000. They said silver would be $100 to $500 it’s at $17-ish. They said Bitcoin would be $1.00 or completely worthless and its $2,500. They said gold would be $5,000 and $20,000 and it remains around $1,275.

They have no legs or reputation to stand on anymore!! Everyone that has listened to them has been led to financial ruin.

Geeze…how many free hall passes do you get before accusing these people of dishing out the worst investment advice of 20th Century!"

JackPutter
Jun 15, 2017 - 6:28pm

I'm convinced that any market that displays price stability

is being rigged. Peak slosh with isolated panics seems to be the prevailing financial weather trend.

Maybe pining would like to bring up the image of a magicians assistant distracting from a weather map with the S&P.

Winder
Jun 15, 2017 - 6:38pm

Coinbase

no problem adding to BTC today.

AlienEyes
Jun 15, 2017 - 6:40pm

Purchases

After several months of absence from buying I finally broke down and bought a key of silver this week for $586 and a ten ounce bar for $183. Just couldn't stand it any longer.

Ronnie 666
Jun 15, 2017 - 6:42pm

Definite time frame Dec 2017 for the beginning of the collapse ?

STOCK MARKET CRASH BY YEAR-END | Michael Pento

Markedtofuture
Jun 15, 2017 - 8:04pm

Budget Director Mulvaney Releases Phase 1 Of Plan To Slash Waste

The White House Office of Management and Budget Director Mick Mulvaney announced earlier today 'Phase 1' of the Trump administration’s plans for a massive government reorganization, a move meant to increase the efficiency and productivity of the federal government.

In a memo published here, Mulvaney detailed plans to rescind or modify many of the requirements placed on federal agencies by the OMB. The office’s logic is rather straightforward: far too often agencies are required to spend more time and energy complying with menial tasks, rather than spending time allocating taxpayer dollars to effectively and efficiently carry out their missions.

From administration to administration, agencies have been asked to respond to hundreds of guidance documents related to management areas such as information technology (IT), human capital, acquisition, financial management, and real property. Too often, burdensome tasks have piled up without consideration of whether the requirements collectively make sense. In many cases, agencies are asked to spend more time and resources complying with low-value activities versus allocating taxpayer dollars to meet their core agency mission.

In support of the President's Management Agenda and the belief that the Federal Government can - and should- operate more effectively and efficiently, the Office of Management and Budget (OMB) is taking action to identify low-value, duplicative, and obsolete activities that can be ended. Through this Memorandum, OMB begins providing relief to agencies by rolling back these requirements and allowing those who know their agencies best - agency managers - manage operations, adopt best practices, and find the best way possible to reduce costs and minimize staff hours responding to duplicative and burdensome reporting requirements.

Mulvaney

As the Daily Caller reports, a very simple review of just OMB directives revealed "59 redundant, obsolete or unnecessary" guidelines that agencies are required to comply with on an annual basis.

“There are a lot of places where the government is so complicated that previous administrations didn’t realize what the agencies were already doing,” Mulvaney said. “So an agency might be required to give a piece of information to Congress. The administration might not know that so they layer on another requirement on that agency to give the that same information to the administration. That is wasteful and it takes a lot of time.

OMB isn’t just asking other agencies to figure out where they can make cuts. The office has already found 59 redundant, obsolete or unnecessary memorandum that will be removed from all federal agencies. For example, agencies have been required since 2011 to develop a 10-15-page proposal to justify new contracts over $50 million that duplicated existing ones. Now, under new OMB direction, agencies are using a collaborative process that requires a simple 3-page proposal.

Of course, Mulvaney's review was prompted by a Trump executive order signed back in March aimed at cutting waste in the federal government. Trump signed the measure in the Oval Office on March 13th and told reporters at the time that it called for a “thorough examination of every executive department and agency” to find out “where money is being wasted [and] how services can be improved.”

Mulvaney's overall review process is planned to be carried out in three phases which are expected to be completed sometime around February 2018.

Thursday’s announcement is the first part of a three-phase process of the OMB’s effort to reorganize the government.

The first phase will conclude on June 30, when agencies will report back to the OMB regarding how they want to reorganize. Effectively, what requirements (reports, procedures, etc.) they decided are an inefficient use of their time and money.

The second phase will come on September 30. Agencies will be required then to turn in their budget proposal and their final recommendations for reorganization.

The final phase comes in February 2018, with the final government-wide reorganization plan is slated for release.

Imagine that, someone actually considering effectiveness and efficiency metrics in drafting government regulations?

Mulvaney's full memo can be viewed here: https://www.zerohedge.com/news/2017-06-15/budget-director-mulvaney-relea...

TF AIJ
Jun 15, 2017 - 8:11pm

Wrong. That's a BULLSHIT comment.

Made by another candy-ass pussy who only complains and complains while failing to understand anything.

Is it our fault or is it The Banks, The Fed and The Government? Oh sure, blame good people like Chris Powell, Sprott and all the rest. Bitching and complaining is a HELL OF A LOT EASIER than taking responsibility, educating yourself and then trying to do something about the injustice and crime.

Has Bitcoin gone up? Yes! And we're all happy to see something move without Banker interference. But that comment is straight up BULLSHIT from just another worthless, piece-of-shit troll at Doc's site.

You should be ashamed of yourself for posting it here.

viking-analytics.com
Jun 15, 2017 - 8:26pm

DETHRONE AVI GILBURT

TF is my precious metals mentor, and I have learned A LOT from him and the whole community here.

I have found that I tend to invest better when I write about it. I have been writing Seeking Alpha articles for about a year, focusing on energy, commodities and precious metals.

More people read precious metals articles than many others, so over the past couple of months, I have become the #2 precious metals author on Seeking Alpha. Only Avi Gilburt is ahead of me!

I am working on red-pilling many on that forum. If you give me a few clicks, then maybe I can dethrone Avi :-)

Again, TF is the MAN and my mentor from afar. Here are some links to some of my precious metals content.

THANKS!

Marcus
Jun 15, 2017 - 9:11pm

Super informative

Greg Mannarino knows his stuff, and the fact that he donates a percentage of his wins to charity is wonderful. Good on him! Bring him back again in the fall, Craig.

AIJ TF
Jun 15, 2017 - 9:27pm

wrong

I'm not ashamed

I just referenced a comment I found interesting

I couldn't stop laughing. What an over reaction.

Drink a glass of Malbec

NUGTCALL
Jun 15, 2017 - 9:30pm

Jim on BTC

https://www.kitco.com/news/video/show/Kitco-News/1622/2017-06-14/Bitcoin...

lakedweller2
Jun 15, 2017 - 10:09pm

Slash Waste

Another Bullshit comment. Jail bankers and Central Bankers. Trillions spent on corruption. Cutting budget is peanuts and eye wash. Jail jail jail. No alternative. Screwing the populace is nothing but traitorous, corrupt diversion.

Noteriety
Jun 15, 2017 - 10:38pm

@AIJ

I read the last 20 posts each by the two guys on Silverdoctors - the one you quoted and the guy who agreed with the commentor.

They are Trolls in the 1st degree. It sounds like this commentor is a bit tense due to the fact that cryptos are showing weakness for the first time in several months. Emotional reactions that impact all PM and Crypto enthusiasts.

For what its worth, I entered precious metals within the last two years, and thanks to Turd and others, I am up in terms of USD shite. This guy sounds like he got in during the peak in the last 5 years and has lost USD shite.

The important concept that this idiot is missing, is that he is measuring success by gains in USD/CAD/Euro shite. He is using a dying measurement tool.

The analysts that he claims are shills in fact have been quite correct. If you have accumulated physical, you and/or your family are in great shape for the future.

Edit: Also, you said it was a "Pretty good comment", not "interesting" as you later claimed. I can understand why Turd got upset. You posted a comment insulting (I am assuming) friends and people he respects on his site. It is a fair reaction.

AIJ
Jun 15, 2017 - 11:17pm

Noteriety

Who knows who the trolls are? I don't. I don't care. I care about ideas not ad hominem attacks.

The fact remains that I have been in the metals since 1995 and saw in 2013 TPTB were going to control the metals until, "the cows come home" so what to do? The fact is that "this troll" makes salient points and the only reason his points are salient is because they ring true to some degree. Why is that I, a regular guy, could recognize the obvious when the PM leaders droned on and on about how the comex would soon default, but never ever admit their error and continue single minded without ever responding to the changing environment? I say these leaders have done a disservice to their constituents by not adapting and growing just as Greg Mannarino has in recognizing the value of the cryptos.

The object is to survive the ending of the Keynesian economic experiment. NOT to always be right but to see when you are wrong and admit that. The negative of that just gives more ammunition to the Trolls......

Edit: Interesting vs great comment; really? One is accepted while the other results in excoriation? Really? Is speaking the truth insulting? I had no intent (which is something you nor anyone else can determine) of insulting any one. I simply want, as I always have wanted, to tell the truth. How about reasoned response? Is that too much to ask?

Malbec anyone?

JQuest
Jun 15, 2017 - 11:18pm

States vs. the Federal Reserve (Podcast)

https://thedailycoin.org/2017/06/15/states-vs-federal-reserve-podcast/

Noteriety
Jun 15, 2017 - 11:36pm

I don't like trolls

They are the scum of the internet. That DarkPurpleHaze guy is a troll. That I know. If you Google the definition of Troll.

The people who work in this analysis business, the PM and Crypto side, are very passionate and most have the greater good in mind. They have their reasons for their beliefs whether to be cautious with cryptos or to jump in.

Ultimately, just like everything else in this new information age, it is the responsibility of the individual to reason and make their decisions.

If BTC doesn't get back above 2700 for the next few years due to TPTB algos and manipulation, those who took your advice, bought at 2999 and are assholes of human beings will blame you for their decision and Troll you regardless of whether you admit you were wrong or not.

AGXIIK
Jun 16, 2017 - 12:42am

I must be one weird SOB

I can certainly understand how the relentless grind of daily insults to our intelligence, good will and pocketbooks can make a person really weary. For some reason all these sheisseshows energize me, make me ever ready to take up mace and shield and do battle with these rat bastards.

I can remain sane and liquid longer than the markets can remain insane and bankrupt, or so it seems.

Watching the cavalcade of morons, F-Sticks and really evil bastards trot around, trampling everything in their path tells me that they will cause an uprising of some sort that supercedes any serf uprising of past millenia. 1,000 of them against 1,000,000 of us sucks ass tactically.

I would pay a dollar to see Janet Yellen squashed under the treads of an 18 wheeler, looking more like red goo than the bitch she is. That would put some pep in my step

And hey, the big gun show is at Grand Sierra Hotel in Reno tomorrow Whoo hoo Gun Show Friday. Better'n that the rodeo any day. Let's spend some of the nasty folding money on some metal goodies.

infometron
Jun 16, 2017 - 1:03am

SGT Report

BREAKING: IS THIS WHY REP. STEVE SCALISE WAS SHOT TODAY?

AlienEyes
Jun 16, 2017 - 4:34am

Info...

At first glance, I thought the blond was the reason Scalise was shot. I'm sure that more than one guy has been capped over a nice looking blond.

SilveryBlue AIJ
Jun 16, 2017 - 6:11am

AIJ Hindsight

Is a wonderful thing. Now. If you could just hand me through to the teleporter I can show you how wonderful I couldcanwillhavebeenare. Ta

Whoopsie - Did I just splinch myself?

I have taken every precaution that I could think of to protect myself & the PeopleILove.

We have a few oz of PMs, lots of love & some preps thanks to a nutty mum.

I leave the other things up to them. They also get it and are at the same time looking at the opportunities that present for the immediate circumstances. How can cryptos not be immediate circumstances? I have a small trove of lighters for special events & trade. What is the difference?

Make what you can of what you have IMHO. Do it now.

Joseph Warren
Jun 16, 2017 - 8:04am

The Money Trust

Most of us here probably already know this. The day-to-day events are important, but until we get to the heart of the matter nothing fundamental will change. 'Waste cutting', 'austerity', etc, etc, etc are bullshit sideshow diversions. Such measures ignore the reality that 'legalized' counterfeiters, the banksters, have stolen our real wealth for more than a century. They used our own hard earned real wealth to buy up government & the media, and to control education. The 1912 'Coming Money Trust' cartoon (posted earlier by Turd) illustrates the real enemy of the American people. And no politician today even mentions it.

Robert Hemphill, Credit Manager of the Federal Reserve Bank in Atlanta described this untenable situation in the 1930s -

"This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is... It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."

In the life of nations & civilizations, a century is a very short time span. Look at the damage that has been done in that timeframe.

A Visit with Greg Mannarino

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