Turdville Open Thread

233
Tue, Dec 16, 2014 - 10:32am

As historic events unfold around us, and with markets moving so quickly around the globe, I thought we should try something different today. Hopefully this open thread provides a forum for the free exchange of ideas and opinions as well as headline updates for all the global markets.

My opinion is this:

With overt sanctions against Russia having minimal impact, the U.S. set out on a course of covert sanctions last summer. Among these was a plan to manipulate down the paper price of crude oil as Russia derives nearly 15% of its national income from the sale of crude.

Once price broke $90, the spec algos took over and the growing momentum of the trade has driven price well beyond what the central planners originally thought possible. Now closing in on $50, the decline has imperiled all sorts of economies, currencies and derivatives around the globe.

Chief among those imperiled is the original target, Putin's Russia, which has seen the ruble devalue by nearly 50% in past few months, 20% in just the past few days. The US and NATO are already fighting a proxy war versus Russia in Ukraine. How might these events intensify the battles there?

And there are all sorts of other "unknown unknowns" here:

  • The $4T in US TBTF bank commodity derivatives, the majority of which are linked to crude oil.
  • The collapsing currencies and equity markets of other crude oil producing nations.
  • The US high yield bond market with an abundance of debt issued by energy companies.
  • Might even Russia surprise the world by "thinking outside the box", if you get my drift?

So, anyway, please discuss all of this here and be sure to add your own ideas and theories. I'm going to make this a public thread so that anyone stopping by will have the opportunity to explore the collective wisdom of Turdville.

As I close, the US stock market is now UP on the day (big surprise), while the 10-year note and the Long Bond are making new yield lows for 2014. Crude is down but $1.50 off its lows at $55.50 and, of course, gold and silver are DOWN. Again, no surprise there. Silver's actually down 4% and below $16. Funny...I guess I failed to notice how the global fundamental picture for silver has deteriorated by 10% since just last Friday.. Wow, how could I have missed that?

TF

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turd [at] tfmetalsreport [dot] com ()

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ivars
Dec 17, 2014 - 2:14am

Putin is playing poker

Putin is playing poker waiting for everyone to show their intentions

https://itar-tass.com/en/economy/767403

Quote:
MOSCOW, December 17. /TASS/. Russian President Vladimir Putin plans to make no special statements on the current situation on the financial markets, Kremlin spokesman Dmitry Peskov has told the Kommersant newspaper.

Putin is expected to voice his stance on the issue not earlier than during the annual question and answer session due on Thursday, the report says. Peskov confirmed that the event is to be held “routinely.”

Safety Dan
Dec 17, 2014 - 12:11am

Shell Oil Scientist Admits

Shell Oil Scientist Admits Breaking 1,000 MPG in 70s!

https://beforeitsnews.com/alternative/2014/11/shell-oil-scientist-admits-breaking-1000-mpg-in-70s-3057250.html

Video unavailable

His car got 463 MPG and ran on fumes

John Weston’s Air/Vapor Flow System, AVFS

https://fuel-efficient-vehicles.org/energy-news/?page_id=968

We've had vapor carburetors that have gotten well over 100mpg in the 60s! Now we have a Shell Oil scientist admitting they broke the 1,000 mpg barrier in the late 70s which seems easily possible since inventor John Weston has a car that gets 463 MPG and he didn't have the massive budgets and technology available to Shell Oil. You can read about John Weston's car here.
https://fuel-efficient-vehicles.org/en...

You can also read about many other cars getting over 100 mpg in this article.

https://www.project.nsearch.com/profil...

Safety Dan
Dec 16, 2014 - 11:09pm

Doc Copper important

Doc Copper important underside kiss of resistance?

CLICK ON CHART TO ENLARGE

Copper has created a bearish descending triangle over the past few years. This pattern leads to lower prices two-thirds of the time.

Copper broke support of late and last week rallied to the underside of the pattern, kissing resistance.

Watch ole Doc Copper, this could be a "kiss good-bye" for this important leading indicator.

- See more at: https://blog.kimblechartingsolutions.com/#sthash.jOsXfibp.dpuf

Safety Dan
Dec 16, 2014 - 11:03pm

Measuring The Potential Of

Measuring The Potential Of The Current Correction

Written by Lance Roberts | Dec. 16, 2014

After months of consistent predictions by the mainstream media that markets would only march higher, airtime is now dominated with one simple question: "How big will this correction be?" That is the question that I want to explore in more detail strictly from a technical viewpoint. Since the...

Read more..

Safety Dan
Dec 16, 2014 - 11:00pm

Gold Daily and Silver Weekly

Gold Daily and Silver Weekly Charts - Once We Were Good

"Do not imagine that these most difficult problems can be thoroughly understood by any one of us. This is not the case. At times the truth shines so brilliantly that we perceive it as clear as day.

Our nature and habit then draw a veil over our perception, and we return to a darkness almost as dense as before. We are like those who, though beholding frequent flashes of lightning, still find themselves in the thickest darkness of the night."

Maimonides

Today was a volatile day in the markets to say the least. And gold and silver in particular had been taken out and beaten over the last two days by the triumphant US dollar.

US equities are probably the best example of this volatile market. Stocks plunged on the open, rallied back to triple digit gains in the Industrials, and then sold off again into the close.

The continuing drop in Oil is creating quite a few concerns with funds, companies, and even nations.

Safety Dan
Dec 16, 2014 - 10:55pm

State Of The Markets It’s

State Of The Markets

It’s been a while, so here’s how things now stand. 1. The topping process kicked off at the turn of the year with a gradual shift to defensives, as represented here …Continue reading →

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Dr. P. Metals
Dec 16, 2014 - 10:51pm

Re: turk

couldnt this problem of unknown gold origins affect other companies also, like Turks goldmoney? What is someone comes asking for their gold back from them?

Dec 16, 2014 - 10:46pm
jezfry
Dec 16, 2014 - 10:39pm

What I'm watching

I've always been amused by the hysterical tone of KWN headlines - along the lines of 'Shocking, historical collapse imminent reports market veteran of 150 years'. It will be interesting to see how they make things sound even more hysterical now there is really something to report.

Markedtofuture
Dec 16, 2014 - 10:23pm

Questions Regarding Tanzanian Royalty Exploration

Posted December 16th, 2014 at 6:53 PM (CST) by Jim Sinclair

Dear Friends,

The blogger named James Emerson does not exist. He or she is writing under an assumed name, on a website operated by a company based offshore, and Tanzanian Royalty does not give credence to any commentator who refuses to be accountable. In addition, the company cannot by law give selective disclosure to reporters, but must disseminate the same information to all investors. Investors should refer to the company’s news release dated December 9, 2014.

If you have any questions about the company, please feel free to phone Tanzanian Royalty directly. We aim to dispel any lies and to address any concerns you may have. You may also call me directly at my office or on my cell. The numbers are as follows:

Office: 844 364 1830
Cell: 860 671 0846

Respectfully yours,
Jim

https://www.jsmineset.com/

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Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Forum Discussion

by TexasTonto, 3 hours 26 min ago
by tork311, Jul 10, 2020 - 3:17pm
randomness