Weekly Charts

Fri, Jul 29, 2011 - 11:49pm

Presented without further comment. Turd tired. Turd need break. Regardless, Turd can't wait for Sunday 6:00.

About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 29, 2011 - 11:57pm


I am up late buying gun stuff.

Jul 30, 2011 - 12:00am


Second- I am up late reading about you buying gun stuff. Kudos!

Jul 30, 2011 - 12:00am

Larue index clips baby.

Larue index clips baby.

Darth Smoker
Jul 30, 2011 - 12:07am
Jul 30, 2011 - 12:19am

On debt &deficits

Peter Schiff had a nice metaphor that likened Congress and the national debt to an overweight friend who procrastinates dieting.

I'd like to take it and run with it.

Our friend is 143 lbs overweight (14.3 Trillion). At the rate he is going, he will be nearly 300 lbs overweight in ten years. But he's got a new diet. And on this diet he will only be 263 lbs overweight in ten years. Sounds great!

According to the senate budget, they will "save" us 3.7 trillion dollars over the next ten years. We will only be 26.3 T in debt instead of 30 T.

The Boehner plan will "save" us a 917 billion, most of it rear-loaded. That means our friend will gain nine pounds less to 291 lbs overweight, but he will not, not, gain that nine pounds until the last few years of the diet.

(I am getting confused)

The politicians always talk about deficit reduction, never debt reduction. There is a big difference. Not gaining as much weight as they might have, but still gaining; and never losing any. Ever.

QE to infinity!

Jul 30, 2011 - 12:21am

Larue OSR

Larue OSR... I've been drooling over it for 2 years... wish I could afford one, but I got too much PM's instead ;-)

Jul 30, 2011 - 12:39am

Bonds R' Us

Being heavily long in treasuries and TIPS, I gotta say I'm loving the bond action the last few days. And it makes sense, even with all the default threats:

a) The Treasury has already says they will service the bonds first, before SS or military or other payments, so as long as Tim G. can scrape some coins together the bondholders get theirs.

b) Most mutual funds are restricted in their investments, if they dump stocks or corporate bonds they can only buy treasuries, they can't buy commodities. I'm betting a lot of funds are bailing out of stocks so there's lots of money being parked in treasuries.

As soon as a debt deal is reached this could reverse, but maybe not, if the stock slide continues the money might stay in "safe havens" until the market bottoms.

maravich44 Doctor J
Jul 30, 2011 - 12:45am

@Doc J Julius Erving?

I cannot see how any of this even covers the interest payments. Somewhere in the shadows of my mind, everything feels .......shit man I dunno eerie.

Jul 30, 2011 - 1:22am


Me too :-). Gazing lovingly at the new Micor Leader 50 BMG about to come out. A bullpup semi auto 50, with a 10 rd mag... yummy.

I'm setting aside $6,800 for this sexy beast!


Jul 30, 2011 - 2:30am

you want .50 shells to go off

you want .50 shells to go off in your neck? no thanks ;p

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 5/28

5/28 10:00 ET Consumer Confidence
5/30 8:30 ET Q1 GDP 2nd guess
5/31 8:30 ET Personal Income and Consumer Spending
5/31 8:30 ET Core Inflation
5/31 9:45 ET Chicago PMI

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

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