Sponsored by

Your Holiday Weekend Jackass

Jim Willie gets us ready for year end and 2019.

40

We'll speak with Jim again in a few weeks for our annual year-in-review and look ahead. For today, however, I thought we should mainly focus upon the three main subjects that have Jim's attention into the end of 2018.

And those three, primary topics are:

  • The ongoing issues at DeutscheBank and the impact on the EU Banks
  • Surging US borrowing amounts and borrowing costs
  • The latest 30% drop in crude oil and what it might be telling us

And as you might imagine, there's quite a bit in between, too. So, settle in and give this podcast a thorough listen. I'm sure you'll find it time well spent.

TF

p.s. Not only can Jim's work still be found at www.goldenjackass.com, he's alost transitioning to a new, mobile-friendly site at www.golden-jackass.com. Additionally, he has a new podcast venture that you should check out at www.thegadfly.vhx.tv

  40 Comments

Mickey · Nov 23, 2018 - 6:23am

Good morning.

Good morning.

is this November 2018, because I wale up and look at kitco gold chart and it looks like most days of 2007/08 era.

down overnight.

and this recent move in oil has to trigger a bunch of derivative contracts, would you not think?

oh well, a light volume friday for a few hours.if it stays down, i may buy some slv and gld calls expiring next friday or 2 weeks out ahead of the 4th or 5th debt ceiling date this year

Angry Chef · Nov 23, 2018 - 7:07am

Imagine America And The World

Imagine America And The World Without The 'Global Elite' And Their Diabolical Global Government Conspiracy 

https://allnewspipeline.com/What_Could_Have_Been_In_America.php

Angry Chef · Nov 23, 2018 - 7:11am

CIA’s Vietnam Illegal Drug

CIA’s Vietnam Illegal Drug Trafficking, JFK’s Assassination

https://geopolitics.co/2018/11/23/cias-vietnam-illegal-drug-trafficking-...

I have had a great fascination with the Kennedy assassination for decades. Just curious if this was a topic of conversation yesterday with friends and relatives ? If not, was the conversation interesting and productive or small talk in order to not be the killjoy at the party ?

Angry Chef · Nov 23, 2018 - 7:33am

'Not appropriate': Fox News

'Not appropriate': Fox News issues apology after guest compares Hillary Clinton to HERPES and complains that she 'won't go away'

https://www.dailymail.co.uk/news/article-6420429/Fox-News-issues-apology...

Proof positive that you're not aloud to tell the truth in the MSM !

Dingo · Nov 23, 2018 - 8:24am

Perth Mint Tour notes:

Perth Mint Tour notes:

I visited the Perth Mint on a whim and on a trip to Perth yesterday. Although I'm living in the same Australian state of WA, it's 2000 miles away (by road) or 3&1/2 hour flight by jet.

The highlight for me was an anecdote about the Mint Workers all being sent over the road to the Grosvenor Hotel Pub between 2-5 pm every day to appease his snobby wife and her snobby friends. They all played croquet and drank tea, while the workers got plastered while being paid for it between 1900 to the 1920s.

The security is very high for robbers. Unfortunately they don't protect the public and tourists from daylight robbery of obscenely high premiums.

This place seems like a classical public - private partnership where the Federal and State Governments have taken the mint over from the British Crown in the 1980s. Sounds like it's a good deal for Australians on the surface, but hmmmmm...... I wonder what the fine print legalese would say. 

The ultimate of snobs (the Crown) just conceding a mint to the commoners? "Not bloody likely!" I say. The taxpayers are probably on the  hook for any liabilities and risk. Paper profits would go to the government. However, what about gold flows and stock under the Mint's custody? I'm guessing it would remain at His or Her Majesty's pleasure and determination.

I overheard a question from a young couple about the Mint's ability for redemption of stored gold in a crisis? ( a fair question I thought). His answer was worrying IMO. He said that "if the Perth Mint can't deliver gold the world is over...... you'd better run for the hills". At least he didn't suggest cyanide pills I suppose. I'm glad I never trusted these people before.

We were shown a 1 metric tonne golden Kangaroo. I joked that hypothetically I could trade a truckload of paper banknotes for this magnificent coin. The tour guide replied " you'd have to be stupid to do that!" I love his passion for Perth Mint's greatest collectable.

I got to lift a 400 Oz London good delivery bar half an inch off its secure little cage floor. One day.... hope to buy one of those little suckers or, even better... that big ass coin ( being stupid!).

Record breaking One Tonne Gold Coin stars in Perth
· Nov 23, 2018 - 8:39am

Crude now under $51. Amazing.

Crude now under $51. Amazing.

This is hitting all the other commodities pretty hard this morning...particularly silver.

Am starting a new Vault post now.

AGXIIK Dingo · Nov 23, 2018 - 10:33am

DIngo  A few years back when

DIngo  A few years back when Bron Suchecki was in the news and posting regularly about the Perth mint and its safety for depositors etc, it was disclosed that the Perth mint is and was directly connected to the Royal Canadian Mint which means it has one degree of separation from the crown. 

It's been a few years since those stories were floated about.  I'm not sure of all the details and time has fogged my recollection of the specifics but it was a matter of concern that anything stored at the Perth Mint was not entirely safe. Bron left the mint and went to work for an Arizona precious metals firm around 2015

While I dont think Bron was a shill I flogged him a few times on Silver Doctors and found his responses to my comments showed him to be pedantic and thin skinned, defensive of his positions and frankly his responses showed him to be less than trustworthy in my opinion

Angry Chef · Nov 23, 2018 - 11:05am

Nothing associated with the

Nothing associated with the Crown of England is safe. I believe it was back in the 80's ( may have been the 70's ) when The Queen was not happy with the election results in Australia so she had the election nullified. It's the same thing with the mint and even stock and bond certificates. They're called Golden Shares and are dispersed thru the Crown's Privy Council. This ensure's everyone loyal to the Crown gets a stipend but the real owner is The Queen and The City of London.

You can learn about it here. Guaranteed to get your blood boiling...

https://www.youtube.com/watch?time_continue=2472&v=DkvVfxZgYd0

Dingo AGXIIK · Nov 23, 2018 - 8:28pm

Hi AGXIIX, that's very

Hi AGXIIX, that's very interesting. I only visited the Mint because a work training course finished early  and it was between the my accommodation, pub and Korean Restaurant I was booking. I wasn't snooping or investigating anything. I would have purchased some coins if it weren't such a rip-off.

I get the feeling that the culture at the Mint is a little "we know best" and don't dare challenge us with any tough questions or else, that Bron would have been a pig in shit (as we like to say). I never thought I'd leave a simple tour leaving the place with major doubts with it's integrity to deliver in a crisis. The hubris of their culture is another red flag. I only like dealing with humble retailers. 

It's great that you've independently arrived at an opinion of the Mints being possibly very closely connected to the Crown of England. It just makes sense, knowing what we know of how the world operates (usually with these guys with the gold and everyone else with the shaft).

Angry Chef - I tend to agree with most of your posts.

mgilbert · Nov 24, 2018 - 12:28am

Dude, I wanted to hear the

Dude, I wanted to hear the details on the "rather important event with gold" at the 21:30. 

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.

Become a gold member and subscribe to Turd's Vault

Contribute

Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

The TFMR Silver Round
Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales

Recent Comments

by atarangi, 13 min 20 sec ago
by atarangi, 48 min 37 sec ago
by abundance, Dec 10, 2018 - 11:53pm
by atarangi, Dec 10, 2018 - 11:48pm
by lakedweller2, Dec 10, 2018 - 9:39pm
by Turd Ferguson, Dec 10, 2018 - 9:24pm
randomness