Discussing the Petroyuan with Alasdair Macleod


One of the key stories for 2018 will be the emerging "petroyuan" and the threat it will pose to the current monetary system and US dollar hegemony. Alasdair Macleod has studied this idea for years so it seemed only natural to have him in for this discussion today.

As we've been discussing recently here at TFMR, the three main items of concern for 2018 are:

  • political risk
  • geo-political risk
  • de-dollarization

The pending introduction of a yuan-denominated crude oil contract...whether it be based in Shanghai, Dubai or elsewhere...fits squarely into at least two of those three categories.

To that end, Alasdair shares some terrific information with us today. In addition, please be sure to see this column of his from October: https://www.goldmoney.com/research/goldmoney-insights/oil-for-gold-the-r... His most recent article on these subjects was just posted today so you should be sure to read it, too: https://www.goldmoney.com/research/goldmoney-insights/2018-could-be-the-...

Thanks again to Alasdair for being so generous with his time today. Please be sure to listen to this entire podcast.



Dec 22, 2017 - 1:53pm

First Majestic

Sorry 1,000 Jan 19 $10 calls, big difference.

Dec 22, 2017 - 11:32am

First Majestic

I own nearly 1,000 of the Jan 18 $10 calls. AG is very simple, down here at these prices they are breakeven. Next year they are ~85% silver, making them the purest in the world. You have leverage on a leveraged asset plain and simple.

BMO tell us something we don't know!

Dec 22, 2017 - 11:12am

Just imagine the added decline to AG

IF the other miners and the silver price were also dumping today. Like - double it!

Dec 22, 2017 - 10:48am

Angry Chef/Orange

That E.O. and video might actually be the real deal. I hope it is because some measure of justice is certainly needed and warranted. It was posted on DOTS yesterday evening and I had to sit down to read it at 11.30 PST. It was riveting.

My first reaction was that this EO would go after anyone who might want to transfer assets as a private citizen (oxymoron) in the same vein as NDAA. Cross border theft of personal capital assets is commonplace here and in Europe. Civil asset forfeiture and blatant theft by governmental agencies is rife and no one is safe.

Once through a good part of it, the awareness set in: This is directed at the Clintons, Holder, Lynch, certain agents with the FBI and anyone else involved in the Uranium One deal, the active predation on people and countries by agents of the US and others in crisis situation like Haiti. The looting of relief efforts was in the billions and easily there were several hundred children abducted and sold to child trafficing rings. There are likely many other high crimes and misdemeanors that'll be brought out in the fullness of time but these will do. No wonder Hillary is wearing an ankle braclet.

The Las Vegas shooting might factor into this as well as the SA family coup but those dots are hard to connect.

We've all see flags waved around that say "we on to these criminals" and "we will hold them accountable" (code for 'we ain't doin' jack shit except jerking your chain'), only to find out they were false flags or designed to raise hope for a few hours. No justice was served. Maybe Trump is the real deal and his mission is to drain this enormous festering patch of swamp. I pray for him that it it.

Shifting gears, it's become abundantly clear that every generation has had a new shiny investment or currency waved in front of their noses with the promise that this is the newest best toy. It's different that the last boondoggle. It's new and improved and if you call in the next ten minutes you get two for the price of one.

It's well known in marketing circles, whether you're selling silly TV crap, hot stocks, casino games or novo-money, the fix that a person gets from this jazzy new thing is the same chemical reaction as a snort of cocaine or a drug fix. Hell, the silver dealers used the same marketing tools, selling silver and gold to those who wanted in on that alternative currency.

It's all about the brain chemistry and dopamine serotonin receptors; how they are manipulated to addict a novice to some new experience. The price races up, giving the person an immediate reward and a small dose of euphoria. The price drops like a rock, causing another equally predictable reaction. Then the price jumps again, seducing the person to jump on board---again. It's a big con and we've all experienced it in one way or the other. Human nature is what it is.

This rat in the box conditioning has been studied for 100 years. Slot machines, sugar, soporifics, porn, sex, day trading and a dozen other activities that produce these totally predicable reactions is what keeps us awake at night and asleep during the day.

I speak from personal experience on all those above and a few more. Like being on the internet, Facebook likes, digitalized mutual masturbation amen corners and the like. Going cold turkey from a socially accepted form of additive diversion is extremely hard to do because everyone does it, so why change?

Outside hard cash, an anathema to the overlords, and gold and silver, most of the shiny objects, whether they be some minor league ponzi scheme, an internet pump and dump, a stock class that cannot lose or some other game that siphons off people's hard earned funds, there will always be a new class of people, a new generation to take down the road of "The Best Thing", touted in glowing praise that "This Time It's Different".

Bit Coin. The more it changes, the more it remains the same.

If people can make a boat load of gain on cryptos, go for it. If you can trade them profitable, doubly so. Most people are going to get badly hurt in the long run. I've ridden too many unicorns, been bucked off and got the horn up my ass to jump on.

If Isaac Newton, the smartest man of the millennium, went broke on the Tulip Bulb Mania, our chore to try to stay sane in a crazy world is pretty darn hard. It's an hourly and daily affair for those awake enough to know the challenges.

Since Turd is taking some time off, maybe we can banter back and forth over the Christmas Holidays and keep the good intel going.


Merry Christmas and a Happy New Year

Go gold, go silver Keep stackin'


Dec 22, 2017 - 10:47am

BTC has the resemblance of the Silver massacre...

Some people just got flogged by the pumpers.


Dec 22, 2017 - 10:42am


Always a favorite target. Though I have been wondering for awhile now if AG hasn't been high-grading to remain afloat during all of this silver price suppression. Who knows? Other than Keith, that is. I'm still adding shares periodically though.

Dec 22, 2017 - 10:41am

AG - I sold half my position on Wed

with intention of buying it back on Thursday for a profit..... and I did!

Guess I should have waited a little. Man, this is one nasty little hit!

Dec 22, 2017 - 10:38am

I just added to my "Stupid is as Stupid does"position

I waited for price to turn. When BTC drops big, I add a little to my postion. When it finally arrives a week later, its value in fiat is always worth more than the fiat sent. I then spread it out on the low priced cryptos for the volume. Not not a difficult investing strategy. The more poop in varying colors you throw at the wall, the better the chance some sticks to the wall in varying colors. I am an artist ... not an investor.

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Dec 22, 2017 - 10:33am

Just as AG was sitting right

Just as AG was sitting right above it's 200 dma.

I bought some , this was definitely a bs move.

Dec 22, 2017 - 10:15am

Once again, crypto grave dancers out in full force

Dave Kranzler has become insufferable - he can count himself one fewer subscriber as of these morning. BTC goes from 1K to 12K this year and he's talking shit. Wow. Good luck Dave.

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Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
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Key Economic Events Week of 2/15

2/17 8:30 ET Retail Sales
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2/17 10:00 ET Business Inventories
2/17 2:00 ET January FOMC minutes
2/18 8:30 ET Initial jobless claims
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Key Economic Events Week of 2/8

2/8 12:00 ET Goon Mester speech
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2/4 10:00 ET Factory orders
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Key Economic Events Week of 1/25

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1/27 2:30 ET Chief Goon Powell presser
1/28 8:30 ET Q4 GDP first guess
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Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
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