Thursday Conversation - Alasdair Macleod of GoldMoney

Please be sure to listen to this FREE, PUBLIC podcast.

71

Yes, I realize that it's Friday but this week's schedule is such that this podcast could not be posted on Thursday. Additionally, this discussion with Alasdair is so valuable that I wanted to post it at the top of the TFMR homepage and leave it there all weekend.

My purpose in reaching out to my old friend, Alasdair, was to discuss these two recent research pieces. As gold and silver are progressing higher in our 2010+9 scenario (https://www.tfmetalsreport.com/blog/9151/2010-9), it's important to consider the potential ramifications of both:

Many thanks to Alasdair for the generous donation of his time. Please be sure to listen and give this podcast your thorough consideration.

TF

  71 Comments

  Refresh
streber
Aug 24, 2019 - 5:01pm

Ed steer, Saturday morning

So far in August, there have been 8,402 gold contracts issued/reissued and stopped -- and that number in silver is 1,997...which is a record number for a non-delivery month for silver.

The CME Preliminary Report for the Friday trading session, which didn't appear on the CME's website until around 1:15 a.m. EDT on Saturday morning, showed that gold open interest in August rose by another huge amount...835 contacts, leaving 2,222 still open, minus the 2,009 contracts mentioned several paragraphs ago. Thursday's Daily Delivery Report showed that 63 gold contacts were actually posted for delivery on Monday, so that means that 835+63=898 more gold contracts just got added to the August delivery month. This level of activity at the end of a delivery month is virtually without precedent. The long/stoppers wanted it bad -- so the short/issuers had to deliver it.

Silver o.i. in August is unchanged at zero contracts, as silver deliveries in August are all done.

sakelley
Aug 19, 2019 - 11:06am

Never mind.

Now it works fine. Weird.

sakelley
Aug 19, 2019 - 11:04am

Subscription question.

I cannot access the new blog post for Monday morning. It says I need to subscribe. I still have three months remaining on my current subscription. I can access all the other blogs and podcasts just fine. What is up?

matt_mike97
Aug 19, 2019 - 10:55am

My hat's off to you

It looks like your prediction was right.

Angry Chef
Aug 19, 2019 - 10:48am

Trump Administration Dropping Hints That They Too Are...

...Interested in Joining the MMT Movement Through The Use of 100 Year Bonds

Nothing smells of desperation and kicking the can down the road like this.

http://www.shotguneconomics.com/2019/08/trump-administration-dropping-hi...

Orange
Aug 19, 2019 - 10:08am
lakedweller2
Aug 19, 2019 - 8:46am

@Matt

You may be on to something in that the market computers disregard historical fundamental and technical data and simply react contrary to current trends. If so, they alone can know directional market moves in advance as they are programed to be independent of current or historic trends.

In other words, they are the ultimate contrarian investors as they are not predictable but controllable by market makers...even if for a large client like China or Central Bankers themselves.

More simply...Criminal Theft.

mike97
Aug 19, 2019 - 8:41am

Apologies to Turd for the mischaracterization

I know you/the site disproved the hit on the miners signally a hit on the metals on the day before. So it wasnt really fair to you to say you disagree on the metals hit coming after a few days of attacks on the miners. Anyways we had the hit and now we can hope for a FUBM recovery.

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

Mickey
Aug 19, 2019 - 8:10am

Another gauge

friday pm, my covered calls on jnug and nugt were still mostly in the red. That is a quick metric telling me overall i am in good shape, but now i have the decision to buy them back probably at a profit or let them possibly decay more.

not easy decisions.

Mickey
Aug 19, 2019 - 7:50am

Now that we have a bigger selloff

I may hold on and buy more.

again not sure. This so far is all premarket trading and right after equity option expiry. So anybody who had a short itm option position in say GLD or SLV friday at the close where metals were not beaten down enough, are happy to see this sell off.

Subscribe or login to read all comments.

Contribute

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 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

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

Recent Comments

by SteveW, 2 hours 26 min ago
by Blackwatersailor, 2 hours 49 min ago
by robobrewer, 2 hours 53 min ago
by robobrewer, 2 hours 59 min ago
by robobrewer, May 24, 2020 - 11:35pm
randomness