Give Thanks and Pass the Jackass

179

In a holiday tradition here at TFMR, our old pal Jim Willie returns today to discuss a wide range of issues with questions posed by listeners in our A2A webinar format.

Following an initial, 30-minute discussion of the significance of the recent events in Saudi Arabia, The Jackass spends nearly an hour fielding questions directly from the audience. Among the topics covered:

  • the growing economic conflict between the US and "the Eurasian Alliance"
  • the Swiss banks and shortages of allocated gold
  • reports of US intervention to allow ISIS terrorists to escape Raqqa
  • that "The Big Reset" has already begun, you likely just haven't noticed
  • the Saudi Aramco IPO and what it signifies
  • Jim's preferred asset allocation mix
  • and, in true Jackass free-form style, a whole lot more in between

This baby checks in at 85 minutes. At an average speed of 70 mph, that means you can cover nearly 100 miles of drive time while listening on your way to your in-laws! For everyone else, maybe break it up into segments so that you don't miss anything.

Enjoy,

TF

  179 Comments

AGXIIK
Nov 24, 2017 - 11:49am

Meh--- I picked a heck of bad time to stop sniffing miners

BTFD or wait until the dips get dippier?

Let's see what Sprott has to say about this

Mid December rallies? Maybe

Tax loss selling? Could be

Saving some dry powder might work well for early Jan purchases.

Between Willie very favorable for silver and Sprott on the job in Australia, I'm pretty comfortable that 2018 will be good for the metals.

SteveW
Nov 24, 2017 - 11:55am

Novo

If you look at the chart it shows that Novo closed Wednesday at a critical support/resistance point of USD$5.245 and held yesterday on the TSX down only 5 cents. So it was at a point where there was going to be a resolution one way or the other and it didn't need much of a push to likely engender stop loss profit taking selling.

The chart shows support at USD$3.20, which has held 3 times going back to late August, but I doubt you'll be able to buy for $2.

Disclosure: I hold KL but no Novo, since I was late to the show, but I've been watching it carefully these past several days. I might well buy if it reaches that support level which is around CAD$4.

SteveW
Nov 24, 2017 - 12:03pm

none of this Novo stuff is atypical

On deals like this, the actual news comes to infrequently. Therefore, you get spikes of interest followed by long periods of selling and bear raids the drive the price back down.

Eric solidly believes in it...so much so that he's on the board. That's good enough for me. Where it is today doesn't bother me. Let's see where it is one year from today.

Katie Rose
Nov 24, 2017 - 12:08pm

Here's another Feel Good Story

https://www.faithwire.com/2017/11/20/on-time-all-the-time-hardworking-re...

There is so much awful news these days that I just love to read stories like this!

billhilly
Nov 24, 2017 - 12:09pm

inimitable...

...indeed ! Thank you !!!!

Angry Chef
Nov 24, 2017 - 12:10pm

Two Things...

Katie Rose: Exactly ! That is what America and Americans are all about. At least most of them. But America's Government has become nothing but a boil on the ass of America. It's time to cut that boil off.

Turd: BRICS Forming a Single Gold Trading System: If Jim Willie is right. The system has already been tried tested and true. Just a formality in rolling it out.

Angry Chef
Nov 24, 2017 - 12:14pm
boomer sooner
Nov 24, 2017 - 12:20pm

Makes your heart warm.

Very well done by the young lady.

My question is, does the $300k go in the misc income or unearned slot on the 1040ez? Or punt?

Personal note, our oldest son stationed in Florida showed up to surprise my wife for her 50th! My daughter and he? have been planning the surprise for months. We (my daughter, youngest son, wife and myself) went to eat lunch after church on Sunday at our favorite Mexican restaurant, my oldest walks in grinning ear to ear! We shed a few tears.

Off to play golf with him this afternoon (or fishing or range time, his choice).

Ringing bells for Salvation Army tomorrow to get me in the Christmas mood.

Stick something in the pot when you walk by.

NUGTCALLTF
Nov 24, 2017 - 12:23pm

none of this Novo stuff is atypical

1-5 years. If Eric sells I sell. If they f up with their sample size again, i just look at it as another opportunity to buy.

Fred Hayek
Nov 24, 2017 - 12:29pm

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 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

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

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

Recent Comments

by Mickey, 14 min 20 sec ago
by boomer sooner, Oct 19, 2019 - 10:39pm
by boomer sooner, Oct 19, 2019 - 10:09pm
by Texas Sandman, Oct 19, 2019 - 8:25pm
by lakedweller2, Oct 19, 2019 - 7:09pm

Forum Discussion

by Trail Trekker, 17 min 29 sec ago
by NW VIEW, Oct 19, 2019 - 10:48pm
by NW VIEW, Oct 19, 2019 - 6:52pm
by argentus maximus, Oct 19, 2019 - 3:21pm
by silver66, Oct 19, 2019 - 1:21pm