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Thursday Conversation - Brent Cook of Exploration Insights

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Our guest this week is our old pal, Brent Cook of Exploration Insights. You should be certain to carve out some time to listen to this FREE public podcast.

As Central Banks reverse policy and the precious metals begin to climb in 2019 and 2020, if you wish to participate via the mining shares, then you should be certain to garner as much objective and detailed information as possible before you make any investments. To that end, there are no better analysts that Brent Cook and his business partner, Joe Mazumdar.

The Exploration Insights newsletter is generated weekly and these guys only recommend the mining shares that they, themselves, own. No touting or pumping-and-dumping here. Just genuine analysis from guys that do the legwork on the ground for you. You can learn more here:

https://www.explorationinsights.com

In this podcast, Brent gives his thoughts on the current trend in precious metal prices, the recent string of senior producer consolidation AND his quick thoughts on about 15 of the individual companies that subscribers to TFMR submitted for Brent's opinion.

Thanks again to Brent for his time. Again, if your interested in the mining sector, you should be sure to listen to this podcast in its entirety.

TF

  27 Comments

oldhacker
Mar 28, 2019 - 7:05pm

No, it doesn't work that way

The closest we can get to the information you seek is the weekly Commitment of Traders reports.

However, these reports are only surveyed weekly, they only break the positions into very broad groupings and then, to make matters worse, the release of the information is delayed 74 hours from the survey...making it stale and nearly useless for anything other than historical comparison purposes.

Mar 28, 2019 - 7:23pm

Take some time to read this

Maybe this is why the first half of 2019 is resembling the first half of 2010?

http://www.alt-market.com/articles/3703-the-federal-reserves-controlled-...

zenharmonicscanary
Mar 28, 2019 - 7:35pm

Booth

Very interesting to hear her touch on gold as a former Fed insider. This said, she knows little of the CRIMEX from my interpretation. To know gold, you know the CRIMEX. I will give her credit for talking positive on pet rocks. Her point on liquidity is well respected, yet is this the time to think the Fed can control interest rates?

zenharmonics
Mar 28, 2019 - 7:56pm

Don't spoil the fun

The gold silver ratio hit 87 during part of the day. Wish I had some ammunition, but at least no Minsky moments at the lows. Good for those who can buy here and take advantage of the prices, but also great evil for the manipulators who manufactured this great price for themselves. They (criminals) have no shame and are celebrating with fine wines no doubt. Note common slam dunk heists since the CFTC, DOJ, or any other regulator will spoil their fun. Not that we didn't know it would happen ahead of first notice day. Nice to have the opinions from Brett. It doesn't get much better.

Ozymandias
Mar 28, 2019 - 8:19pm

Palladium

Didn't the huge backwardation in palladium SHOUT that the price is going to go (be driven) down. We interpreted this as a sign of physical shortage, which it might very well have been, but didn't that also say it is temporary?

indiana rod
Mar 28, 2019 - 8:23pm

Old Hacker

Not only do we not know the identity of the buyers and sellers, we don't know the identity of the so called deliveries.

I have never heard of any one saying they actually took delivery of gold or silver that bought a futures contract.

As of Monday any one standing for delivery has to put up the full dollar amount of his contract. L O L if you can find out who they are.

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Harley
Mar 28, 2019 - 10:10pm

Brent Cook is Awesome!

Thanks Turd for hosting Brent Cook on TFMetals!
His work is excellent and I'm visiting his site now. In my opinion, he is among the best returning guests here: please bring him back again!

kaiserwongze
Mar 28, 2019 - 10:28pm

OI

Holy shit.

i don’t think I’ve ever seen a nearly 10% decrease in OI in one day, opex or not

massive decline in calls too.

lakedweller2
Mar 28, 2019 - 10:42pm

Old Hacker

Good question that our government fails to address. Your perception drives to the main issue of corruption. Keep digging ... it will help us all.

matt_oldhacker
Mar 28, 2019 - 10:43pm

Identity of dumpers

When someone dumps $1 billion of notional gold in 1 minute, it narrows down the list of suspects. Not too many entities have such deep pockets.

I don't fully understand the futures market. The gist of it as I understand it:

1. The big bank comex participants are able to create paper claims to gold out of thin air.

2. The big bank GLD participants are able to take delivery of gold from the etf whenever they need it to cover some trade.

3. In this scheme, gold=paper and delivery=paper. No one ever has a truck show up to actually move bars of gold anywhere.

Smaller investors can't raid the GLD or create new paper comex contracts. Therefore, they have zero chance of winning in this game. The big banks are the likely suspects in shifting paper around in order to nudge price to make a profit. It is a rigged game that no one should play.

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Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

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