TFMR Podcast - Friday, January 30

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Right on cue, gold rebounded today and recovered most of the contract expiration losses of yesterday. Now, with another volatile week ahead, can it crawl back toward $1300 and, if it does, what will happen with silver?

As we wrap up the week and the month (a month which saw gold +8% while the S&P was -3%), just a discussion of these charts:



the HUI and the S&P

And this crazy chart of 10-year German and Japanese bond yields

Regarding the totally insane global interest rate picture, please print off and read this remarkable story from Zerohedge. Then take the printed copy and add it to your Stack For Posterity.

And finally, here's a fun article from SRSrocco covering many of the topics we regularly discuss here in Turdville:

Have a great weekend!



Airgead's picture


Could it be? smiley

AND Turd did a Jeffrey Christian imitation: I couldn't be happier!! smiley

Havenstein's picture

I stealing first

Great job Turd

ps. Hearing the fed members comment on rates today, my mind immediately turned to yesterday's fine yield curve education and I understood perfectly that they are full of BS and why. Thanks again Turd! 

willsilvaa's picture

on the podium! turd

thanks for excellent analysis

bim jeam's picture

How about...


AIJ's picture

Dow closed at it's low...

...just about 100 pts above the, "melt down to 15,000" gravity well.

Denver Dave said it well today,

"The Orwellian smoke blowing from Wall Street and DC is getting immensely thick. I’m not sure anyone in the brokerage industry, Congress or the White House is capable of telling the truth even if they felt compelled. I have a spooky feeling our system is really starting to fall apart behind the scenes…"

Marchas45's picture

Negative Interest Rates

Really Makes Me Scared. Or Should I be Happy? But For Everything To Collapse (Especially The Derivatives) Interest Rates Need To Climb I'm Told. Keep Stacking.

batting500's picture

Golden Cross...

I think that most regard THE"Golden Cross" to be a cross over of the 50 and 200 day SMA's, although in reading for this post I have seen that some regard any MA cross over to be eligible for a Golden Cross.  Anyways, $GOLD has a 50 and 100 SMA cross over, thanks for pointing it out.

Can anyone give an opine on purchasing silver via Sterling Silver playable musical Flutes?  The wife and daughter both play and I have seen antique ones for sale from $400 to $900 recently.

Good Luck All...


lund175's picture

Does the D in Chilly D stand for Dick?


Great job on the interview.

Dr. P. Metals's picture

LCS Report

Lots of sellers yesterday, today was slow. He seemed to indicate much more selling than buying yesterday, but there had to be some buying (see dimes). Evenly split action between Au/Ag. Everything is in stock, plentiful, no shortages. Coins, Bars, numismatics, everything...except all 90% dimes were bought yesterday.

Doople's picture

Hysteria on this Blog

The subscription I recently renewed with TF Metals Report is a really good value at $100. Mr. Furguson I think really works his ass off to provide good information and insight that is often not available in other forums. Many posters provide really good information on their own for us to evaluate. Some posters on the other hand are absolutely whacked and I worry about them on days like yesterday. There is going to be a good deal of volatility from now on. Get used to it. The bankers are not going to lose money, we have to be smart about making money. One poster who shall remain nameless yesterday posted and I paraphrase "All the gains of the last 30 days gone in 8 trading hours". It was pure hyperbole and I wonder what the persons state of mind is. Here are the facts for January. Gold is up 8.5%. Silver is up 10%. The PM stocks as measured by the HUI are up 23%. The bottom was in in November. If you are buying gold, silver and quality producing PM shares (junior producers for me) you are going to come out just fine. Those who think the PM shares are not going to do well may just miss the train.

DeaconBenjamin's picture

Berlin says fresh Greek aid 'not on agenda', deny media report

BERLIN (Reuters) - Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms.

"That is not on the agenda at all," said a spokesman for Finance Minister Wolfgang Schaeuble. The report in Der Spiegel magazine that Germany estimated Greece's additional aid needs at about 20 billion euros was "pure speculation", he added.  Spiegel reported that Germany would be willing to grant Greece fresh aid on condition that it accepted reforms overseen by inspectors from the "troika" - the European Commission, the European Central Bank and the International Monetary Fund.

Tsipras was elected last weekend on a promise to reverse precisely the kind of austerity measures prescribed by Berlin and supervised by the troika.  He has already scrapped some of the privatization plans agreed under the existing bailout deal and his finance minister said on Friday he had no intention of cooperating with the troika.;_ylt=AwrBJR.4EcxUPlAAdePQtDMD

Dr. P. Metals's picture


RE: "The PM stocks as measured by the HUI are up 23%"

only if you bought at the exact bottom....cherry picking dates always works well.

Colonel Blimp's picture

RE- Hysteria on Blog

I want a good showing of negative comments on this Blog. Keeps me grounded and constantly questioning - and more importantly - when we get to the point that Everybody is positive and thinks prices are going up................. well we know what happens then don't we..........

goldcom's picture

Yahoo Finance gold close $1,268.50 up 1.00%

Yahoo Finance shows at 5:14 EST gold was $1,283.70 and went almost straight down to close at the end of the day at $1,268.50. 

I know good ole gold lovin Yahoo must be wrong but there are closer discrepancies, TF Metals has $1,282.58, $1,283.60 up 2.01% and Kitco at $1,283.10.

DeaconBenjamin's picture

Greeks Turn to Gold on Bank Bail-in and Drachma Risks

Greek coin and bullion dealers with whom GoldCore spoke, confirmed an increase in demand for gold coins and bars in recent weeks and since the election.

GoldCore have Greek clients both in Greece and living in the UK and throughout the world. We have seen a definite upsurge in interest, inquiries and demand since the election last Sunday.

Concerns about bank holidays and also a return to the drachma have returned and Greeks are looking for ways to prevent further destruction of their wealth.

For Greeks, Storage in Switzerland remains a favoured way of owning gold

Doople's picture

Dr. P

I really do not know what you mean. At the close of the last trading day of every month, I print out the price of gold, silver and my stocks. Those are the numbers from 12/31/2014 to today.

Dr. P. Metals's picture

Speaking of Market Timing

How's this one!! :( wow...

Holy Moly, that might be the mother of all market timing "events" gone wrong...

Dr. P. Metals's picture


I was just stating that in hindsight, yes, HUI is up from the "bottom" of the amount you say, but many (most) of us were not able to get that exact kind of performance, nor will we ever. So what you see recently on days like yesterday is an unmitigated hatred of the lunacy and criminality of the "markets" in metals. It doesn't help when someone then comes along and say, all is great, we're up X%, when it would be almost impossible, unless by stroke of luck  or genius to generate that kind of result. That's all. People cherry pick dates all the time, for good or bad. Most of us are just up today, after a horrendous day yesterday, not even back the opening valuations of just yesterday, and now are wondering/expecting the next gigantic slam to start all over again (maybe? Probably? Pavlovianly?) on Sunday night again. So nerves get frayed. It's just a fact, after 3 years of this constant, utter, pure manipulated criminal BS. Yet, we all know that "metals" (and miners most likely) are the only way to play. And yet, we sit through this crap day after day, week after week, month after month, year after year. Cherry picking hindsight date performance #'s doesn't ring well.

Edit: and many are at losses now where even 1000% upside won't even get us back to EVEN. All doing what is logical, prudent, etc...Sorry for the rant. Stack on. This doesn't affect stacking one iota.

Doople's picture

Dr. P

Apparently we are not communicating well. My monthly evaluation that I have done for years for my own investments is done at the same time at the end of each month. This is not cherry picking. Cherry picking would be to pick the two low HUI dates in December below 150 but that is not what I am doing.

Dr. P. Metals's picture


Sorry if I misunderstood then. Again, we're all here generally because we don't like fraudulent systems of money. While we all don't get along, and have different personalities, and sometimes get on each others nerves, that can sort of be expected in any system, but at least we have that one thing in common. If you've done well, congrats. I've been crucified since last year. The wounds get emotional at times yes. Doesn't change what I do, but perhaps how things come out. Anyway, have a great weekend, and be glad you weren't the "7 second" late guy! surprise

Doople's picture

Dr. P

Thank you. Hey, we have all been crushed for the past three years, me included but I think we are seeing some daylight. The now constant flow of gold from west to China and India in particular is starting to turn the tide but it is like turning an aircraft carrier. Have a super weekend.

Dr. P. Metals's picture

Ha, you crashed my edit while you replied, no biggie

What I wanted to add, is that at least for me, I'm still digesting this most recent 2-day sequence of events. It was the most blatant manipulation event we've ever seen (except for those gigantic ones years ago), and this one was all right out in the open, right in our faces, and no-one (regulator wise, etc) cares at all! So I'm still raw from this one...I'm still trying to claw back to even, on this part of my portfolio, but unsure as to whether it's even possible. I've started to move more and more out of the system each week now, and when all out, i'm out of here. This is so ridiculous it's well, ridiculous. I had hoped to try to claw back to even, but am slowly thinking even that may be futile.

RE: "but I think we are seeing some daylight." at least until the next manipulated event. where as one poster said, they can claw back these gains, and even more, if we didn't re-enter at the exact bottom of the prior bottom again.

Yes, have a good weekend! Been a long year already :)

infometron's picture

@ Dr P Re: @Doople


Dr. P. Metals's picture


heart ;)

Edit, ok, that's maybe too creepy LOL. later...good weekend, get away from this for a few days.

bim jeam's picture


You really have my respect for putting up with that chillyd clown as long as you did.
What a flaming ahole.

Edit: The audio track at link above did not require an email address.

lund175's picture

Turd's triumph interveiw

Below is the link to Chilly Dickhead's site, but you have to give your email before you can access the video. DO NOT DO IT. This guy does not deserve it.

You can access it on Financial Survival Network, once there scroll down till you find it.

Turd tore this A-hole up!

Great job Craig, hold your head up high!

P.S. , Chilly Dick has the most pathetic looking site I have ever seen.

Marchas45's picture

What A Real Asshole

How the heck do you really feel Turd? That guy had one agenda, to destroy the Metals Community by negative means. Hell he got all excited once when he thought he had you but man you handled the asshole well.

I believe I've heard him once before and I believe it involved Chris Duane but hell Turd I hope your through with that jerk. Keep Stacking

O! God it's Raw Dog no wonder I heard that voice before. That guys a nut and always changing his mind on the metals and he believes he is one smart cookie. Only thing he has for sure is one Big Ego.

Turd Ferguson's picture



You mean I actually just did an interview with that Raw Dog guy? I only "knew" him by his email name "Don".

Oh well. Like it matters. As you can tell, I didn't take any shit from the guy and he actually came off as sort of clueless, particularly when he tried to say that gold was awful expensive "insurance" when you compare it to homeowners insurance. HUH?

Anyway, I won't have time to listen to it this weekend and, besides, I already know what we discussed. I'm glad that so many of you found it interesting and entertaining.

Response to: What A Real Asshole
infometron's picture

Chilly willy wonka Don

might wanna watch this:

Good show, Craig

Whitecastle123's picture

Don Harold

I think Kerry Lutz had him on last week.   I think he said he had the wisdom to sell all silver at $49.00 back in 2011,  way to go sage.   The entire interview sounded like a bush whacking, self righteous pile of shit from the all knowing.  

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