Sponsored by

Thursday Conversation - Steve St. Angelo

A discussion of energy, production costs and precious metal prices.


Longtime friend of TFMR, Steve St. Angelo of the SRSrocco Report, joins us today for an insightful and informative Thursday Conversation.

As is the usual format, I primarily asked Steve to address three specific concerns:

  1. The crude oil market and how this current price plunge may impact not only inflation expectations but the entire US economy.
  2. The input costs of the average gold and silver miner and how falling energy prices can impact production costs and quarterly earnings.
  3. Global retail precious metal demand trends and how prices impact physical demand.

I think you'll find this podcast to be quite interesting and I encourage you to give it a thorough listen. When you're finished, you should be sure to check out the SRSrocco Report including this great new article with embedded video that Steve just posted yesterday: https://srsroccoreport.com/gold-silver-the-markets-whats-next-for-2019/



Dec 7, 2018 - 1:57pm


What i see is that tax-loss selling is well under way and there are buyers jumping in (like myself) whenever a really good deal pops up. The great deals will happen throughout the month.

Dec 7, 2018 - 12:56pm

KL Jan 18 / 2019 22.50 strike

Im still holding these and they are now profitable. I am tempted to hold these until Jan in hope for start of end year / Jan rally. Any Thoughts? The Sprott interview and consensus about the end of year rally is leaning me to hold. My weakness is knowing when to sell. Im the type of guy to just loose everything from holding and wishing for the best. The Sprott interview and consensus about the end of year rally and upcoming KL news release is leaning me to hold. Wish you all the best!

Dec 7, 2018 - 11:07am

A little "Christmas Cheer" for Turdistan?

Hilarious Trump Christmas Parody “It’s The Most Wonderful Time in 8 Years” - Dana Kamide
Dec 7, 2018 - 10:12am

Not just that

I've read those stories of being paid to take gas, too. And, across the line in New Mexico, where regulations are less cumbersome, huge amounts of gas is going to the flare. It's too bad that there aren't storage facilities or liquefaction plants available (or adequate pipelines to get the oil out of there).

Dec 7, 2018 - 10:10am
Angry Chef
Dec 7, 2018 - 9:58am

"I Know Where All The Bodies Are Buried": Clinton Foundation...

...CFO Spills Beans To Investigators


Oh my...this guy needs to listen to this. Otherwise he may have one of those unfortunate accidental suicides.

Dec 7, 2018 - 9:53am

prices popping

Note, too, that palladium has regained all of yesterday's losses.

Dec 7, 2018 - 9:43am


average weekly hours down 0.1 hours-sounds like nothing, huh?

with 156 million said to be working, that's a lot of hours lost-15.6 million per week-with average workweek at 34.5 hours----that's the equivalent of ~450,000 workers -

my guess is that a lot of xmas jobs added at 8 hours a week. those hours can go up or down depending on how busy the business is.

also just wondering why if retailers need staff just in case, why not offer OT hours???

will be interesting to see CBO report today or early next week on payroll tax receipts for Oct and Nov-with all the jobs added and roughly a 3% wage inflation, the payroll taxes should be solidly up.

Payroll taxes we all remember are based on amounts paid to employees, the 7.65% tax withheld for Soc Sec and Medicare, matched by employer. Separate from income taxes withheld.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Dec 7, 2018 - 9:22am
Angry Chef
Dec 7, 2018 - 9:20am

Subscribe or login to read all comments.


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 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Recent Comments

by GoldHermit, 22 min 12 sec ago
by Clarkii Stomias, 31 min 16 sec ago
by Turd Ferguson, 38 min 5 sec ago
by GoldHermit, 53 min 1 sec ago
by Lucysadie, 1 hour 7 min ago

Forum Discussion