Turd Traveling - Open Thread

Mon, Apr 9, 2012 - 8:13am

I am traveling today after spending the Easter weekend away with MrsF and the LTs.

I hope that by later today I will be able to post a review of the day's events as well as some updated charts. For now, this is simply an open thread. The only discussion item I have is this new post from Gonzalo Lira. Where Gonzalo excels is in forward thinking. In this piece, he alerts readers that Spain will be the next "eurozone crisis" and gets you wondering about just how this will all play out.


And I just found this interview of Uncle Ted. Please take the time to read it today.


That's all for now as we are packing things up and I can hear MrsF hollaring for me from the next room. I'd better get moving...if I know what's good for me.

More later. Have a great day. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Apr 9, 2012 - 11:38am

Titanic Analogy

This post over on ZH that compares the current economic disaster to the sinking of the Titanic is an excellent analogy about where we currently stand.

It really sums things up for me - explaining why some of us (even though we know disaster is imminent) continue to seek refuge in the current paper markets (the ship). [I still own several Mining and Oil stocks].

Apr 9, 2012 - 11:40am

Interesting reads on "Normalcy Bias"

Out of the pot. Some thoughts on the normalcy bias. :-


I liked the comments, too :-

"Imagine that you live on a farm. From the day that you are born, you are treated quite well. You’re fed well, provided with shelter, and the farmer has guns and dogs to protect you from all the bad guys lurking just outside the fence.

Life is good. ...... <SNIP>"


Understanding the Normalcy Bias Could Save Your Life :-


Apr 9, 2012 - 11:47am

Something to consider...

...in case your not exactly sure what the 'bias' is.

30. Normalcy Bias
Apr 9, 2012 - 11:47am

Sick of Zerohedge


All they do these days is report what they want to be true, while the chimps in the audience screech and throw bananas and sh#t at each other. They should go back to spotting UFOs around Roswell. Hope this place never gets like that.

Apr 9, 2012 - 11:49am



Apr 9, 2012 - 11:49am

Not that anyone should put

Not that anyone should put much stock in it, But... I noticed the Twich from the Witch as well. ..

With History as our guide, the Big Banks have demonstrated time and again their lack of morality, or compassion, These replaced instead with a Cannibalistic system rife with Greed and control.

Apr 9, 2012 - 11:49am

I for one believe Blythe....

I think JPMs vaults are chock full of silver - these bars here specifically:

1 oz .100 Mils 999 Silver Marijuana Killer Weed

She called Fort Knox and asked them to recommend a good "dealer"

Apr 9, 2012 - 12:00pm

The eye's...

...tell a tale.

Looking right for reality, darting left for fabrication/lying.

Brain facts... https://www.scientificamerican.com/article.cfm?id=the-burden-of-lying

Patriot Family
Apr 9, 2012 - 12:08pm

Still A Great Buy Point...

Silver is down $0.15 at the time I'm typing this. Still seems to be a weak demand in the overall market. However, we deal in physical bullion as a portion of our business and it is selling out of the display shelves at a steady pace. That says to me there is a pent up local demand for small quantities by your everyday Joe Citizen. Watching our display, only about 1 in 20 customers show any interest in bullion, and maybe half of those will buy.

This is nowhere near a frenzy or bubble, at least from the perspective I'm seeing locally. We all know the guys dealing in millions of ounces of backed or unbacked paper really drive the markets, but I really don't feel like the general public has caught on yet. When they do, they will be a force to be reckoned with.

We are getting ready to place another large order from our supplier (large by our standards anyway). This is still a great buy point, but we're watching for an indication of a reversal before ordering. Silver below $32 is a gift. It'll be even better if it hits $30. That's going to be a very short term low, though.

Fred Hayek
Apr 9, 2012 - 12:13pm

@Pining . . . because somebody had to do it

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Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
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9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
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9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
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Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
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8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
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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
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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

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