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Thursday Conversation - David Jensen

48

There are two important things that I needed to discuss with David Jensen. One, the ongoing dollar shortage and liquidity crisis. Two, the new all-time highs in palladium. Fortunately, he was happy to join me for this podcast and you should be sure to give it a listen.

On Twitter (@RealDavidJensen), David has been warning everyone for months that The Fed's contraction of the money supply was going to lead to some serious liquidity issues...and here we are. As David explains in a discussion punctuated with the three charts below, this is a problem that will only get worse in the weeks and months ahead.

And we conclude with a discussion of palladium as it breaks out to new all-time highs. Earlier this year, we described palladium as a possible "magic bullet" for exposing The Banks' fractional reserve and digital derivative pricing scheme. Could palladium follow rhodium ever higher and lead to a supply shortage and run on The Banks? We'll see....

Thanks for listening and thanks to David for sharing his expertise with us.

TF

  48 Comments

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Blythesshrink
Sep 27, 2019 - 9:09am

You can bet the aim is to

You can bet the aim is to take out 1480 next week into the Chinese holiday and cover a whole heap of commercial shorts.

Sep 27, 2019 - 8:26am

H&S top update

Got to hand it to the Monkeys at JPM, they do precision work...

stubbie
Sep 27, 2019 - 7:47am

Weekly wrap up with Eric

Hi Turd,

would you mind asking Eric about his opinion regarding Coeur mining CDE?

I guess that might be of interest for other people here as well since I saw coeur being mentioned in several comments already.

Many thanks in advance and keep on with the great work here, which is highly appreciated.

Marcel from Germany

Blythesshrink
Sep 27, 2019 - 7:36am

Great interview - good guest

Great interview - good guest and good interviewer! :-) Craig - you do a great job of balancing letting the guests speak (and get their points over) and knowing when to interrupt and what questions to ask.

David is a gent - I follow him on twitter and he's always polite and on the money.

Blackwatersailor
Sep 27, 2019 - 7:27am

Now

We know why these attacks occured. Saud need a decent excuse to cease a stupid war. They won't push who did what because they are well aware of the particulars.

https://www.zerohedge.com/geopolitical/oil-tumbles-report-saudis-agree-p...

Noteriety
Sep 27, 2019 - 6:58am

Greta Thurnberg

Laughing Aloud. Once you recognize the scent of bullsh!t, it becomes undesirable to consume it.

Thanks Libby the Lil' Liberal Libero.

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

hindsight101
Sep 27, 2019 - 6:08am

I am more confused than when I began

Money supply is falling, yet debt is rising...The Fed can't create money supply? Metals will rise and then collapse...?? Guess I'll have to listen again....

with respect to the exchange for physicals and you spoke about yesterday I guess it was Greg....It is obvious to me that its an exchange for cash settlement that's taking place. The contract moves to London where it is exchanged in cash settlement, and the money moves back to casino to do it again.

It 's a misnomer.....exchange for cash settlement...

Oh I'm glad silver is going to rally soon.....another dive overnight I suspect is due to tightening in the credit markets like we saw back in 2008.

I think maybe its time to buy a silver call or twenty.

allenbzman
Sep 27, 2019 - 4:19am

trade talks

zman. Thanks for the post. I never thought about it that way.

It all comes down to the one eyed man/ men/ ladies etc etc being King (or queen or transsexual head of state).

I was blind but now i see (a little bit).

allenblakedweller2
Sep 27, 2019 - 4:10am

Repo Man

Lakedweller. Yes i was in the same boat as you on that one.

Marcus
Sep 26, 2019 - 11:26pm

.

Hello my Baby... all frog songs

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Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

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

Forum Discussion

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by tork311, Jul 10, 2020 - 3:17pm