A2A with Ronni Stoeferle of Incrementum AG

62

Most folks at TFMR look forward each year to the annual "In Gold We Trust" report from Incrementum AG of Liechtenstein. One of the co-authors of this report is Ronni Stoeferle and it was a great pleasure to have Ronni visit our A2A platform earlier today.

First of all, if you haven't yet seen this year's In Gold We Trust report, the full text can be found here: https://ingoldwetrust.report/en/gold-report/ We also featured the executive summary of the report back in June and you can find it embedded in this link, too: https://www.tfmetalsreport.com/blog/8375/guest-post-latest-gold-we-trust...

Ronni was a very patient and generous guest as he addressed every listener question over the course of this 70-minute call. Just a few of the topics covered include:

  • Since 2012, why hasn't the dollar price of gold continued to track the US monetary base and US debt level?
  • Does a flattening US yield curve inevitably lead to recession?
  • Is a global gold revaluation or "reset" pending?
  • Will the Chinese back their currency with gold at some point?
  • Global attitudes toward gold and the physical possession of gold.
  • How a falling gold:silver often foreshadows rising gold prices.
  • The potential impacts of pricing crude oil in yuan.
  • And much, much more!

There is an abundance of good information contained in this recording so please try to carve out some time to give it a thorough listen. Thanks again to Ronni for being so generous with his time and we hope to have him back at TFMR soon!

TF

  62 Comments

Jul 13, 2017 - 2:24pm

Open interest observations

Crazy OI changes in CDG yesterday. Recall what was happening with Mother and the USDJPY. There was the one $10 surge in price just after Mother's remarks were made public but it never git past $1225. Through this period, then, it's quite interesting to see that total CDG OI rose yesterday by a whopping 15,800 contracts! This takes total OI to 491,438 and this is just 5,000 below the 2017 highs of 496,966 seen back on June 7 and near the 2017 price highs (thus far).

So why is OI spiking again? Are these all new Spec longs yesterday vs a Spec short base that so far is refusing to cover? It's all very interesting and, unfortunately, we'll NEVER know for certain thanks to the criminally-complicit CFTC.

CDS also saw an OI jump yesterday of 900 contracts on a 14¢ price rally. Total silver OI is now back to 208,479 and this, too, is the highest level seen since June 6.

Harley
Jul 13, 2017 - 2:59pm

1st

Golden!

Jul 13, 2017 - 3:01pm

When you're finished listening to A2A...

This was recorded yesterday with Dave at X22. At the time, it seemed to have come off better than some other interviews we've done so I encourage everyone to give it a listen and pass it along.

scoremore
Jul 13, 2017 - 3:40pm

Open Interest observations

So if I am reading this right last Friday's CoT and even this Friday's CoT may not be as rosy as they seem.

Possible scenario:

Specs reversed course on Wednesday the day after this weeks CoT survey. Commercials took their bets and reversed to short but covered their tracks by doing it on Wednesday.

They then spike the USDJPY to 115 in the coming days and win once again and killing us stackers.

In the meantime AM says the huge metal purchases are still being worked out and will come any day now.

Did I get that just about right?

So freaking frustrating.

indiana rod
Jul 13, 2017 - 3:44pm

Red River Valley

By a strange coincidence this great song

was re-released with the announcement

that Obama and Hillary are teaming up

to raise money for the Democrats

Come and sit by my side if you love me,

Do not hasten to bid me adieu,

Send your money to me and Hillary,

You know we would never stiff you.

I've been thinking a long time, my darling,

Of getting back in the fray,

Besides that, I need the money,

Since my slush funds all went away.

Forget that I lost one thousand seats,

Or that we're in the worst shape since '28,

Just think of how we are great leaders,

And of all the Trumps that you hate.

Dr. P. Metals
Jul 13, 2017 - 4:06pm

COTs

So, all this non-stop day by day "analysis" and wailing and gnashing of teeth over a report produced by known liars and criminals. Hmmm....

streber
Jul 13, 2017 - 4:21pm

I was hooked at beginning when Ronni said he was "an Austrian"

and gave recognition to Ludwig von Mises who, in 1920 predicted doom for the Russian,communist central planners because they "don't allow market prices."

70 years later there were parades in Moscow, one of which was led by people carrying a large banner which said; "70 years on the Road to Nowhere."

Yes!

CC Horses
Jul 13, 2017 - 4:41pm

LARGEST GOLD COIN STOLEN ~ SUSPECTS ARRESTED IN GERMANY

GOLD ~ LARGEST GOLD COIN STOLEN ~ SUSPECTS ARRESTED IN GERMANY

3 minute video

Angry Chef
Jul 13, 2017 - 5:02pm
canary
Jul 13, 2017 - 5:10pm

The COT is important to me...even if it's done by liars

If we traded part of our position based on COT (going long if COT was very bullish and going short when COT was overly bearish) for the last 8 or 9 years, we would be quite rich today. ...The worst thing about the report is the three day delay....Right now I'm waiting for the first sign of the specs covering their shorts, before I add to my position...I haven't seen it yet, but it's coming.

I keep my core position untouchable...though I look at the COT as the best opportunity for me... in this crooked market.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Recent Comments

by H8Fiat, Aug 20, 2019 - 11:51pm
by happycamper515, Aug 20, 2019 - 11:43pm
by zenharmonics, Aug 20, 2019 - 11:13pm

Forum Discussion

by Porros, 4 min 33 sec ago
by sierra skier, Aug 20, 2019 - 5:12pm
by zman, Aug 20, 2019 - 4:53pm
by NW VIEW, Aug 20, 2019 - 3:08pm
by NW VIEW, Aug 20, 2019 - 11:37am