Discussing Palladium with David Jensen

Very helpful information in this FREE podcast.

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With palladium prices surging again and physical metal in tight supply, there is an abundance of incorrect analysis and misinformation on the internet. This podcast will explain for you the forces at work that are driving price and what, if anything, the palladium market may foreshadow for gold and silver investors.

I've known David Jensen for a few years and he's the guy who first directed me to watch palladium back in 2018. David understands how the LBMA and LPPM operate and, as such, provides analysis and information that is actionable and unrivaled.

For this call, David and I begin by setting the background of metals trading and how digital derivative and fractional reserve pricing has led to a supply deficit for palladium that streches back several years. Please follow along as David discusses these two charts:

And then be sure to check these two links that David mentions as the discussion turns specifically to palladium:

Finally, the past three days have seen palladium prices plunge by 10% as JPMorgan transferred some metal from New York to London in a move designed to ease the supply pressures. However, note that the bulk of the selling has occurred during Comex hours...where next to zero metal ever changes hands:

And further note that over the past twelve months, there have been five previous corrections of this magnitude. All of them only served to lead to the next higher high. Will this current correction be any different?

Many thanks to David for his time today. For daily updates, be sure to follow him on Twitter @realDavid Jensen: https://twitter.com/RealDavidJensen

And if you're not a current member at TFMR, you should be. We've been following palladium for over two years now and continue to monitor it daily. You can learn more about a TFMR subscription here: www.tfmetalsreport.com/subscribe

Thanks for listening.

TF

  33 Comments

Jan 27, 2020 - 3:45pm

your weekly JMB deals

Please use this link: TFMR LINK

They have some palladium in stock, too:

canary
Jan 27, 2020 - 3:57pm

Miners...

* On one hand, I think they've been more manipulated than the metals themselves...A convenient tool for the cartel.

** On the other hand, most of them also profit from producing base metals....And just look what happened to the price of copper (among others) after the virus outbreak.

RickshawETF
Jan 27, 2020 - 4:03pm

Silver!

Silver - Still cheap, still money . . .

Belladonna
Jan 27, 2020 - 4:06pm

Bronze

I’ll take it!

zman
Jan 27, 2020 - 4:35pm

Commodity Index, Energy Stocks and Interest Rates Tanking

Yep, all natural resources are breaking down once again. It appears that deflation is coming to town once again here. Again, this is all by design because 0% to negative interest rates are the goal here.

The Fed will follow the bond yields lower with more rate cuts, this will benefit all financial assets (stocks, bonds, real estate). This is how the stock market makes even bigger gains in the months and years ahead. This will also allow the Fed to crank up the QE that will add even more juice to those markets.

The 10 and 30 year bonds are close to making new all-time highs, this isn't interest rate manipulation, this is market forces at work. This move is just the start and there's nothing that's going to stop it.

The energy stocks are also getting killed here, but it really doesn't even matter anymore. The XLE is only 5% of the market cap of the entire market now, so a -50% decline from here won't even make a dent into the overall market.

There is no white knight coming to the rescue, The Elite will let the economic decline happen and just bailout their own assets. There is no helicopter money or UBI to Main Street.

IF the commodity decline continues I have my doubts that the PM's will be able to hold the ground. Yes, gold has and likely will continue to outperform commodities on a relative basis, but that's not very good if the declines continue.

Cash is trash? No Ray, it's buying more and more resources. The proof is in the pudding, not worthless rhetoric.

Ronnie 666
Jan 27, 2020 - 4:40pm

Thank you

Thank you David and Craig for a great interview

Wizdum
Jan 27, 2020 - 4:42pm

this current sickness issue

at its core i believe it is a ploy to begin martial law as the system is about to pop.
if the people fear flu and accept imposed quarantine, then after then can bring the system down... cause everyone is locked down already...

ffffff.....

-wiz

J Siefert
Jan 27, 2020 - 5:00pm

An Englishman wondering what to eat

....in China.

An Idiot Abroad - "Where is the line between food and insect?"
Blackwatersailor
Jan 27, 2020 - 5:51pm

Mr Martenson's latest

Corona Virus Now a Pandemic, Yet Mainstream Press Criminally Silent (Update #4)
c1092227
Jan 27, 2020 - 6:29pm

BS miner markets

Some tough decision making could be ahead regarding the miners. There is a chance they explode higher this year or in the near future, but manipulation could also get so wild that miners keep underperforming the metals, even at much higher metal prices. More bankster desperation at much higher metal prices might mean more and more ridiculous miner smashes.

Miners feeling more and more like a tricky play.

Besides that, I think investing in general is fun, but investing in the miners is not so much, in this field. All this stress that comes with the manipulation, am sick of it. With investing in the physical metals markets I experience no stress or at least far less stress, cause we know the banksters can't print the physical metals.

Maybe in the end the miners manipulation will stop working. But not sure we will get our prifits out of the bank by then.

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

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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

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

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