Happy or Terrible?

Tue, Jul 17, 2012 - 3:42am

Let's hope for a "Happy Tuesday".

Just a few items for you to review. First, this great article from Alisdair Macleod which covers some of the same territory that Trader Dan plowed over the weekend. https://alasdairmacleod.blogspot.com/2012/07/managed-money-positions-on-us-futures.html

Speaking of Trader Dan, he was talking about the grains today: https://www.traderdannorcini.blogspot.com/2012/07/grain-index-approaching-2008-peak.html. And so was ZeroHedge: https://www.zerohedge.com/news/putting-corn-harvest-drought-and-flood-context

Santa's pal Eric has written an interesting piece where he discusses several of the CoT trends that we've been covering ad nauseam here. https://edegrootinsights.blogspot.ca/2012/07/this-major-fed-move-is-about-to-create.html

And the LIEbor scandal continues to grow. HEEHEEHAHA! Just for fun, here are two articles which mention two of the primary forces behind The Evil Empire, JPM and HBSC.

Lastly, one final bit of fun from FreedomFest. While I was strolling the floor on Thursday, I ran into Kerry Lutz of the Financial Survival Network. He asked if I could spare a few minutes and I gladly obliged. Here's the link to the 5-6 minute interview. https://financialsurvivalnetwork.com/2012/07/turd-ferguson-everyone-should-be-buying-precious-metals/

Everyone Should Be Buying Precious Metals--12.July.12

About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 17, 2012 - 5:05am

thanks TF

for all you do

Jul 17, 2012 - 5:11am


Any ideas if all the new allegations against HSBC might just be some sort of retaliation against the "new Sheriff from the East"?????

Jul 17, 2012 - 5:58am

Now I am worrying how to find

Now I am worrying how to find a relatively secure bank? Or shall I cash out tomorrow whatever is there? Could someone advise? What if some chain reaction in banks related to derivatives finally starts, where to look for those less affected,as not ALL will collapse at the same time. I can understand deposit guarantees will mean nothing very soon.

We have Swedish, Danish, Norwegian banks, Unicredit here.

Jul 17, 2012 - 6:01am

GSR moved further sidelines,

GSR moved further sidelines, a good sign for silver, but not enough to break the uptrend support shown here:


But as GSR moving sideways now, flattening the top, so there may be an attempt to break the support this time . Breaking that line convincingly means that silver will start to rise visibly. One more attempt is ongoing even as silver prices are flat and boring.

The fact that GSR had risen while silver price remained intact and then if GSR moves sideways and down might mean that the initial investment in gold has actually already happened since May 16th, prices being somewhat muted by high USDx values, but all in all gold charts looking slightly better than silver; and now its time for silver to catch up and pass by. Just an option that comes out from GSR, still not visible how fast /slow that may happen.

Also, the 50 day MA for silver is now 27,82, while current price is (as I write) 27,53. Silver could bounce off 50 day MA, it may also cross it very soon, inviting new participants to buy, but that is a significant number which was last crossed to the downside on March 14th, 2012, when silver price was around 32,9 .

Jul 17, 2012 - 6:09am

The first of Many

Check out the DJ booth in the Daft Punk video; look familiar?

Jul 17, 2012 - 6:44am
Jul 17, 2012 - 6:45am

US Economy Goes From 'Hero to

US Economy Goes From 'Hero to Zero' https://www.cnbc.com/id/48205608 Sounds like Disneys Hercules...

Jul 17, 2012 - 6:46am

How Close Are We to New Great

How Close Are We to New Great Depression? https://www.cnbc.com/id/48193471 One reason to keep stackin

Jul 17, 2012 - 6:50am

Grocery prices headed higher

Grocery prices headed higher as drought lingers https://bottomline.msnbc.msn.com/_news/2012/07/16/12724800-grocery-price...(direct)|utmccn=(direct)|utmcmd=(none)&__utmv=14933801.|8=Earned%20By=msnbc%7Ccover=1%5e12=Landing%20Content=Mixed=1%5e13=Landing%20Hostname=www.nbcnews.com=1%5e30=Visit%20Type%20to%20Content=Earned%20to%20Mixed=1... Another reason to keep stackin

Jul 17, 2012 - 6:54am

Canadians richer than

Canadians richer than Americans for first time in history https://www.dailymail.co.uk/news/article-2174668/Canadians-richer-Americ... And another reason to keep stackin

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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

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.