Ahead of Tomorrow's Fedlines

Tue, Oct 28, 2014 - 12:33pm

As the "markets" anxiously await the statement that will come tomorrow at the conclusion on the current FOMC meeting, here are some charts that show what has transpired in the six weeks since the previous FOMC.

The last bit of Fedlines came out following the previous FOMC meeting, which concluded on Wednesday, September 17. Stocks peaked two days later at S&P 2020 before falling nearly 10% over the next three weeks. They've since rebounded to nearly unchanged vs 9/17 levels.

Gold tanked to an early October bounce from 80 support and then rallied in the face of 37,000 new naked Cartel shorts. In the end, just like stocks, gold is nearly unchanged vs 9/17.

But the Big Winner, and the one we should likely be following most closely for clues, is the bond market. Following the last set of Fedlines, the 10-year Note was at 2.62% and The Long Bond was at 3.37%. As of right now, they are 2.28% and 3.05% respectively.

That's a pretty big move in just six weeks and doesn't even include the HUGE drops two weeks ago that were soon retraced. What did Old Mother Fellen say in last month's Fedlines that so spooked and rallied the bond market? I guess it all had to do with "considerable time". (https://www.zerohedge.com/news/2014-09-17/fomc-keeps-considerable-wealth...) Will that specific language remain in tomorrow's Fedlines? Who knows? Who cares?? Can you even believe that gold (and silver) have been reduced to having their daily fiat-conversion value dictated by a few words in a meaningless FOMC Fedline??? What a joke/farce this has all become...


About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 28, 2014 - 4:05pm

What's really happening ..

Chris Martenson has been releasing his videos all year. When watched all together, quickly in succession, it reveals some astounding "truths" that most here already know about our economy, debt, real inflation, GDP, Govt statistics and a scary future. But MSM koolaid drinkers should watch and learn what's really going on.


zman says: What have policymakers/Congress done in regards to fiscal policy any differently since the 2008 collapse? Nothing, that has to change for the PM market to resume its bull market.

Try going back all the way to 1971-1974, around the time when Nixon took us off the gold standard and the Bretton Woods monetary system ceased to exist. Exponential debt growth and no real change in fiscal policy, just spend and increase debt to feed the ponzi scheme financial monetary system. Where has gold gone in dollar term values in that time? And look at where gold is now.

The gold market is controlled by the bullion banks. It's not bloviating "policy makers" on Capitol Hill and their lack of positive action that determine the dollar nominal price of gold.

Zman, you're full of crap!

Oct 28, 2014 - 4:20pm


"Try going back all the way to 1971-74...Exponential debt growth and no real change in fiscal policy"

There's a huge difference between that period and today, back then wages were soaring higher (sometimes 10-12% PER YEAR), that's not happening today.

In the 70's we had a tighter labor market, we had soaring commodity prices, profit margins for the big companies were small compared to today, that's why gold move higher.

Globalization has changed all of that from the 1970's, we have flat wages, structural high employment, all of this is deflationary in nature, therefore fiscal policy has to change, it's not the 1970's anymore.

Oct 28, 2014 - 4:59pm

Pre-election prediction ...

About a week ago, I suggested that the String Pullers were going to continue the stock market ramp-a-thon until the DOW was over 17,000 and the S&P was back over 1900. Target #1 met today. Granny Felon should be able to goose things a bit more tomorrow.

My Pre-election prediction: If that happens and the stock market doesn't crap it's pants for some unforseen reason, I predict you will see President Obola soundbites on the evening news the next few days, reminding the Sheep how amazingly marvelous the economy is doing under his guidance, with the aid of his trusted Democrats in Congress. The measures to define economic marvelousness will include at least 2 of the following:

DOW over 17,000;

X bazillion new jobs "created" the past year under his careful guidance and progressive economic management;

Unemployment at ONLY 6.bullshit percent, down from some astronomical number left behind by the previous White House Occupant.

Granny F. may also provide a soundbite or two along those same lines tomorrow, giving President Obola at least partial credit for the economy being "on track," with "steady growth". She knows where her meals come from.

wax off

Oct 28, 2014 - 5:21pm

Is Ebola really this simple to neutralize?

"The FDA in the U.S. has cracked down on the Natural Solutions Foundation, as well as two other companies marketing natural products, for making disease claims that they have not authorized, as reported previously by The Inquisitr. NSF is pushing back. According to the FDA’s website, nutritional supplements, essential oils, herbs, and other natural products cannot claim to “diagnose, treat, cure or prevent any disease.” Those products must post a disclaimer declaring such, because according to the American government, “only a drug can legally make such a claim.” No matter how effective a natural substance may be, there is, in effect, a gag order on any and all companies marketing them, preventing them from saying so.

Most of the companies selling such products maintain that their products strengthen the body so that it can repair and heal itself. Apparently, that is what is happening in Sierra Leone. Alpha Kanu sent a letter to Dr. Rima saying that “[t]here is no illness that doesn’t have a cure.”

Just before the shipment reached Sierra Leone, Kanu reportedly made it clear that his government did not need FDA approval to offer it as a therapy option, according to Star Africa. The Honorable Alpha Kanu is a trained chemist, who believes that the people who are suffering in his country have the right to use any and all treatment options that are available to them. It is “a matter of choice,” he believes, resting “on the patients or their families, as to whether to administer it as treatment for Ebola.” The Information Minister worked with President Ernest Bai Koroma to get the nutrient into Sierra Leone.

The American FDA has a long history of suppressing information and companies that offer non-pharmaceutical, natural therapy options, according to Natural News. The gag orders regarding non-drug options for Ebola are simply the latest in a long string of actions aimed at maintaining the monopoly. Nano Silver 10 PPM is not a drug but a nutrient, and as such, is not subject to FDA approval."


Oct 28, 2014 - 5:39pm

After elections no matter what the outcome->>>>

The FED and TPTB will NOT let the stock markets gyrate lower until the mid-term elections are done and over with PERIOD!

Nor will they let the shiny metals gravitate upwards, but who cares, because somewhere in the US I know I can dig up multiple green plastic boxes containing no less than 15550 grams of a metal with an atomic mass of 107.8682 and a melting point of 1763.474 °F.

Oct 28, 2014 - 6:48pm

It's a F'ing Joke, alright!

Thirty-five years have gone by since I bought my first phyzz, and people are still lapping up the crap that the Fed puts out.

It's pathetic. Grown men and women licking the boots of their masters. They have no sense of individuality or accountability -- just like little children.

I'm sorry to say this, but Americans in general have adopted Germanic traits, especially after WWII, and have taken Fascism to a new level. Goebbels would be proud.

This is a primitive planet. Get me outta here!

Dr. P. Metals
Oct 28, 2014 - 6:55pm


RE: primitive planet -> fallen world


Safety Dan
Oct 28, 2014 - 7:14pm

Richard Russell - Here Is

Richard Russell - Here Is What I’ve Learned After 90…

Today the Godfather of newsletter writers, 90-year old Richard Russell, shares what he has learned after 90 years on this earth. The 60-year market veteran also covered gold, silver, deflation, Europe, Germany, the Fed, QE, the U.S. dollar and much more.

Safety Dan
Oct 28, 2014 - 7:14pm

A Sex Toy Company Is

A Sex Toy Company Is Marketing A Product 'Exclusively…

So this is apparently a thing... Swedish sex toy company LELO is marketing a new product "exclusively for bankers." That's right, it's for bankers only. Here's why, from the company: "Many bankers want more from their profession and their investments;…

Safety Dan
Oct 28, 2014 - 7:15pm

Energy Journal: A

Energy Journal: A Copper-Bottomed Strategy?

Talk about a strong market position: a single buyer has bought up over half of the copper held in London Metal Exchange warehouses.

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

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.

Recent Comments

by allenb, 7 min 36 sec ago
by Turd Ferguson, 9 min 10 sec ago
by Turd Ferguson, 17 min 10 sec ago
by lakedweller2, 51 min 32 sec ago
by GoldHermit, 1 hour 20 min ago
by allenb, 1 hour 29 min ago

Forum Discussion

by CongAu, 2 hours 7 min ago
by Green Lantern, 2 hours 28 min ago
by argentus maximus, 5 hours 8 min ago
by Solsson, 7 hours 50 min ago