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Thursday Conversation - Brent Johnson of Santiago Capital

An informative discussion on the future of the US$.

CEO, Portfolio Manager
Santiago Capital
47

Brent Johnson is one of the good guys. He's a sound money advocate who understands that, though change is coming, it's not necessarily coming next week.

To that end, it was great fun to get caught up with Brent and discuss the US$...not only the long-term forecast but what can be expected in the next 12-24 months, too. So please be sure to give this podcast a listen and then fully consider the points that Brent makes. While we all expect the dollar's days as global reserve currency to eventually come to an end, how you position yourself in the run-up to the event may impact how fully prepared you are for navigating the crisis when it comes.

Thanks again to Brent for so generously sharing his time with us!

TF

  47 Comments

· Nov 1, 2018 - 3:41pm

Here's a big shocker!!...

On yesterday's $10 decline, total OI in Comex gold rose by 16,500 contracts! All those fresh Spec shorts just got their faces ripped off today. 

And over the past three days, as price fell 42¢, total OI in Comex silver surged by 6,200...with nearly half of that coming in yesterday on the 18¢ decline. What happens next? The new Spec shorts there also got their asses kicked today to the tune of 50¢.

Bankers win. Specs lose. Nearly every time.

Or, as we said in that article for Sprott back on Tuesday:
imfd · Nov 1, 2018 - 4:46pm

Brent Johnson is a top bloke as is Luke Gromen, worth getting on twitter if you are not already and follow them both as they jab back and forth with their contrary views, great fun and best of all, it makes you think all the time, keeps you on your toes, my head says Brent is right but my heart says Luke, both my head and heart are shit at predicting, so that`s what makes it so good. Great interview TF, thanks !

NW VIEW · Nov 1, 2018 - 4:48pm

It takes much more than just downsizing.  If we live in southern California, and sell our million dollar Mc Mansion, and then purchase a $300,000 condo down the street, we may have made a tactical error.   The geese are flying out of the cold areas, looking for better lakes to raise their young. The illegal Central American convoy hopefuls are looking for a land to prosper and want the working class of Americans to provide all of their basics. The Middle East wants to send their flocks into your neighborhood, wanting new laws to control the minds and souls of a formerly free people. 

The whole world appears to hate America and at the same time, love our foreign aid and want to live on the banks of our rivers, while planning how to completely change our culture into what they fled from. 

imfd NW VIEW · Nov 1, 2018 - 5:23pm

NWView, you nailed it there with your last sentence " while planning how to completely change our culture into what they fled from".  Most excellently put sir.

benque · Nov 1, 2018 - 6:11pm
Anyone having problems with outlook/hotmail, or outlook/live.ca? I haven't been able to access it since early this AM.
Marchas45 · Nov 1, 2018 - 6:13pm

4th Even after a long wait and are you guys trying to screw me up with double posts? laugh. Bloody Hell Finally.  Keep Stacking 

AGXIIK · Nov 1, 2018 - 6:28pm

Benque  I'll change that a little bit.

  I'm troubled with the fact that I'm a hot male on the look out for Kimberly Gilfoyle but she's all wrapped up with Donald Trump Jr.  

 besides being a wise ass from CA.

 Now on to the podcast-cuz i gotta get all serious n' shit this afternoon.

· Nov 1, 2018 - 6:41pm

Another 6.76 mts of "gold" entered the sham GLD "inventory" today.

That makes it a total of 30.65 metric tonnes since Oct 5.

ned braden · Nov 1, 2018 - 6:43pm

Trump Executive Gold Order - Venezuela

https://www.bloomberg.com/news/articles/2018-11-01/trump-orders-sanction...

"..The order targets people operating corruptly within Venezuela’s gold sector.."

Rich, ain't it ?

benque · Nov 1, 2018 - 6:49pm
AGXIIK.....what? who? did I have too many cervezas with the beautiful cat lady and the sinful nun in the bar last night? (day of the dead, dont'cha know) Waaaaaaaaaaayyyyyyyy too much fun!!
OOOBuck · Nov 1, 2018 - 6:49pm

Adding a little off-topic spice to today's comments....

This amazing girl appeared in the very first filmed episode of Perry Mason.  Her name was Judy Tyler and in the scene pictured here, her super tight shorts even had Burr modestly stuffing both hands in his pants.  (Amazing that the super strict censors of the day missed this one or maybe their eyes just melted from the heat.)

Her star was rising fast in 1957, having just completed shooting Jailhouse Rock with Elvis followed by this episode of Perry Mason ("The Case of the Fan-Dancers Horse) but she never got to see either production.

gclute · Nov 1, 2018 - 6:49pm

Turd,

Good call with Brent.  He is a sharp dude!

brolgaboy · Nov 1, 2018 - 6:50pm

BJ - thanks but I think I'll take pass - way smarter/dedicated people out there, like Turd for instance!

chances of a green HUI tomorrow? less than 5%

any takers?

abundance · Nov 1, 2018 - 7:00pm

NWView, many people in other states are saying Californians go home

when they go elsewhere for cheaper housing  and bring their attitudes with them...sounds like what you posted about other cultures..unfortunately

Libero NW VIEW · Nov 1, 2018 - 7:11pm

A bit racist thing going on NW?  Certainly not a Christian religiosity that you pretend to have.

"The Middle East wants to send their flocks into your neighborhood, wanting new laws to control the minds and souls of a formerly free people."  Nice BIG generalization you got going there, but that's how most imbeciles think, in grandiose generalizations.  It's easier that way.

Kokanee · Nov 1, 2018 - 7:13pm

Ned Braden Re Venezuela ..... Something fishy here. The usual rhetoric about getting the bad guys is always BS. Gold pops on days this occurs. Something else going on. I think it's getting close.

cyclemadman · Nov 1, 2018 - 7:17pm

The problem is Libero, NW is exactly right. The Muslims are not emigrating to Europe and the United States to assimilate into the existing culture. They are forcing their Sharia laws upon the western culture.

brentb · Nov 1, 2018 - 8:21pm

Rather have a market podcast than an interview.

goldcom · Nov 1, 2018 - 8:21pm

I just don't understand these currency markets, the strong dollar meme and how the dollar is so much better than the others, when we have big skeletons in the closet like the missing $21 trillion dollars which has been audited by the GAO but all the numbers are redacted so there is no longer any real transparency or accountability of the whole fucking budget and expenditures when you can't audit DoD the biggest department and they can just cast it off as national security concerns. Don't worry about that kind of thing I guess.

What is this magical hand(ESF or PPT) that almost daily during periods of time the past eight years that pushes the markets up? The markets are all based on momentum, liquidity and stock buy backs with the low interest while fundamentals and true GAAP for big corporations are out the window. I always thought you weren't supposed to invest in things you don't understand. It's all rigged, that is what I understand.

So now to get by for a while we are supposed to nibble on the investor blue pill side of things I guess because the PM's certainly haven't gotten us anywhere for quite some time.

Time old guys like me to go to work? Hmmm

scoremore · Nov 1, 2018 - 8:44pm

Platinum

Back in that upward channel after getting some resistance from that downward line.

brentb · Nov 1, 2018 - 9:02pm

I understand what you're saying.

However, in all honesty...and I understand that we're not talking about digging ditches here...preparing five, full days of posts and podcasts is exhausting. Thus, being able to offer something different, while at the same time getting some free time on a Thursday, really helps my mental stability.

Wizdum · Nov 1, 2018 - 9:04pm

Thank you SOOO much for that MP3 link..!!!!!!
PERFECT !!!
10x RETURN !!!

-Wiz

GoldHermit · Nov 1, 2018 - 9:20pm

Sorry, just don't agree with this guy.  Systems are being developed and de-dollarization will happen in my opinion.

imfd · Nov 1, 2018 - 9:24pm

Just looked at "Did the system collapse" page and the last paragraph of the explanation page is " The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it. Black Friday will be everyday as the masses murder each other for a peach pit. This is sure to happen anytime between now and the end of 2018."

The end of 2018 eh ? , hmmm

· Nov 1, 2018 - 9:49pm

FYI, the issues with the podcast "Download" button should be fixed, as well as the limitations we had put in place in accessing user profile pages.

Anyone who had muted someone by accident, you can now visit their profile page and click the "unmute" link if you want to read their posts again.

Check it out, and more coming soon!

Ronnie 666 · Nov 1, 2018 - 9:51pm

Great chart Scoremore - As we were discussing these past few months platinum is taking over from the other PGMs. The big move is going to be generated by lack of supply. I have news for Musk and other believers in electric cars they are great toys, but will not be the main mode of transportation for many decades to come. Meanwhile, we need PGMs and especially platinum.

· Nov 1, 2018 - 9:52pm

One other point... because of the profile access fix, you are now able to see the summary pages for each guest by clicking their headshot:

https://www.tfmetalsreport.com/users/brent-johnson

brolgaboy · Nov 1, 2018 - 10:34pm

Silver 14.66, and so it goes..

billhilly · Nov 1, 2018 - 11:10pm

Admin,

Way to keep at it !  Big thanks !!!

Craig,

I am a fan of the Th. conversations !  I think it adds a lot to the site and to my own knowledge.  You have had great guests so far, keep it up.  A side note...there is a whine or some other background noise going on (I can't remember how to describe it since I listened hours ago) and it was there last week too.  And, your volume is quite a bit higher than the guests.  Minor stuff though.

billhilly · Nov 1, 2018 - 11:39pm

Thanks, bill.

As for the two side notes you mention, they're both Skype to cell issues.

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

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