A2A with John Embry

106

On Wednesday, the legendary John Embry joined us for a webinar that was full of insight and wisdom. You should be sure to listen to this recorded copy of the audio.

Among the topics discussed over the course of this call:

  • the current level of sentiment in the precious metals space and how this compares to past bull markets
  • the recent visit to Ft Knox by SecTreas Mnuchin
  • possible future confiscation of retirement assets to fund government spending
  • John's favorite gold and silver miners
  • the idea of an official revaulation of the US' gold reserves
  • and a whole lot more!

Again, please make the time to give this podcast a thorough listen. You won't be disappointed!

TF

  106 Comments

braincramps
Sep 7, 2017 - 2:28pm

Gold

If you're not the lead sled dog.... the scenery never changes ;)

Sep 7, 2017 - 2:29pm

Same old G-3 magic

Do you recall this 1-minute chart that we caught earlier? It shows the same, old G-3 pattern of finding a bottom, putting in a double bottom and then moving forward at a 45-degree angle.

Now check the current 5-minute chart that shows an extension of the rally...now at more than 60 pips!!...from the manufactured low.

4 oz
Sep 7, 2017 - 2:35pm

; ^ )

Could listen to this guy all day....and John Embry is a delight too!

;^)

Sep 7, 2017 - 2:50pm
brolgaboy
Sep 7, 2017 - 2:52pm

Glencore

wow look at that rip higher

Jihk2431
Sep 7, 2017 - 2:53pm

Embry is one of my favorites - his kids are lucky

Can you imagine having him as a father? What a wise man he is and very generous with his time. Thank you John!

Sep 7, 2017 - 2:53pm
el_duderino7885
Sep 7, 2017 - 3:09pm

Turd - gold breaking out vs. JPY!

Turd I see the correlation is still strong.

However have you seen the long term gold priced in Yen chart? It's now broken out of its long term pennant and above its 2016 highs.

If this trend continues it's going to break out against the Yen and the correlation will be over. Worth watching the gold priced in Yen very closely over the next 3 - 6 months!

Gold rising vs. all currency's will be the final signal that the shackles are off so to speak. Gold will be the last safe haven standing.

Poundwize
Sep 7, 2017 - 3:16pm

Tulip Mania

There is a movie out now called Tulip Fever. It's a 17th century love story placed in the middle of the Amsterdam tulip mania.

https://www.amctheatres.com/movies/tulip-fever-50883?videoId=5543728650001

happycamper515
Sep 7, 2017 - 3:27pm

Nork ICBM test could happen tomorrow (9/9 Nork time)

Nothing we can do about it so if it happens and gives the PMs another jolt higher so be it.

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

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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
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
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
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

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

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