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TFMR Podcast - Monday, November 19

Today's podcast is freely available for public distribution.

34

After a volatile Monday, the stage is set for a very important Tuesday across all global markets as tomorrow will be the last day this week with "all hands on deck" due to the looming US holiday of Thanksgiving.

Thus as a public service and just for fun, I though we'd make this a public podcast today. Please feel free to pass the link along to anyone who might be interested and if you're here for the first time, please understand that we create posts and podcasts like these every single day of the week...all for a whopping 40¢/day subscription. You can learn more here: www.tfmetalsreport.com/subscribe

For today, we begin with a discussion of these three links:

From that third link is this passage. I think it describes nearly all of us:

As we begin our review of the charts, we start with two of the bond market where rates have fallen to their lowest levels in 60 days.

And Tuesday will be an important day for the "stock market" and POSX, too:

And all of this will impact the Comex Digital Metals on Tuesday, both of which are still working on flipping their momentum for a year-end and Q1 rally.

OK, that's all for today. Thanks for listening and be ready for an interesting Tuesday.

TF

  34 Comments

Stackable · Nov 19, 2018 - 5:45pm

Novo Presentation

Novo Presentation

Dr Quinton Hennigh
· Nov 19, 2018 - 5:48pm

"Mad World" by Tears For

"Mad World" by Tears For Fears

Tears for Fears- mad world lyrics
scoremore · Nov 19, 2018 - 5:49pm

Second...Silver!

Second...Silver!

Marcus · Nov 19, 2018 - 5:50pm

The passage from the 3rd link

The passage from the 3rd link reminds me  of the Nietzsche quote.

"The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself."
 

Libero · Nov 19, 2018 - 6:15pm

Donnie Darko (great movie)

Donnie Darko (great movie) -Gary Jules cover  Mad World

Mad World - Gary Jules
Libero · Nov 19, 2018 - 6:17pm

Nevermind the above post.

Nevermind the above post. Don't work. Doesn't let me edit either.
Angry Chef · Nov 19, 2018 - 6:19pm

Thanks for posting that " Mad

Thanks for posting that " Mad World " article. I think many here in Turdville are going to find it strikes a chord. There is a cartoon linked in the comment section that was excellent as well.

https://www.youtube.com/watch?time_continue=195&v=5DU1B_XkyIk

Of course TARP, ZIRP, NIRP, QE1, 2, 3, 4, Stock buybacks. TESLA, FANGS, Stock Market all time highs are great. Everything is great. Fake elections....great. Cognitive dissonance throughout my family and friends...great. Fires that can melt a car an incinerate people but not trees...great...just great. GMO foods...great. Poisoned water...awesome !!!! Common Core dumbed down populace...awesome dude ! Autistic kids on every corner.... super duper party pooper. Talking tits and talking meat puppets daily...sweeeeeet..... Did you hear about that War in Yemen ? No ? Forget about it...... Picking off women and children in Gaza ? Where the F&^k is Gaza ???? Migrants are great. Maybe it will raise the IQ of the Nation...right ? War with Russia, China, and Iran ? No problem man. We'll take them down like we did to Granada. The way I see it. All three are just bigger golf courses. Fore !!!!

AGXIIK · Nov 19, 2018 - 6:39pm

I can stay crazy longer than

I can stay crazy longer than the world can remain illiquid

Says the lunatic who's on the fringe

Wifey watching, I make her cringe

My touch of sanity is just a tinge

The world'll soon join me; it's gonna whinge

Once the peeps know it's a debt binge

The wheels fall off, it'll all unhinge

Burl Ives dumb brother lives in Big Rock Candy Mountaincheeky

Libero · Nov 19, 2018 - 6:53pm

I can see the video you

I can see the video you posted just fine, Libero. Can you not see it?

canary · Nov 19, 2018 - 7:23pm

Everything now comes down to

Everything now comes down to one thing (IMO)...Will we get the global and domestic economic slowdown (and if "yes", how soon)...that will force the FED to stop hiking rates.

DeGraives Libero · Nov 19, 2018 - 8:18pm

works for me.

works for me.

· Nov 19, 2018 - 8:25pm

New updates coming later this

New updates coming later this evening:

  • Dates, number of comments, and number of hat tips to home page posts and other summary pages
  • Resizing of embedded tweets to ensure they don't cause the page to scroll left-and-right on small devices
  • Playback rate setting on player so you can listen to podcasts at a faster speed if you're short on time (or prefer to hear Craig as though he's permanently juiced on caffeine)
  • Foundation for other updates coming in the near future (Safari menu fix, comment styling changes, etc.)
  • Bunch of new module and security updates
NW VIEW · Nov 19, 2018 - 9:36pm

A repeat of history or is

A repeat of history or is this what tribulation looks like? We have had several hundred years of freedoms and protections. Oceans on both coasts, isolated from most of the conflicts of the world. Nations may implode, corruptions rise without challenge and we see the history of the Armenian Genocide, the Jews fleeing from Germany and Europe, the Syrian refugee's in Jordan and everywhere else, the old Exodus from Egypt, the Lost Boys from Sudan/Uganda.    Will there be an American Exodus?  

The enemy has so invaded the institutions of this nation that many are burning down their own culture, not being prepared for the consequences. Invasions bring destruction, the land will remain but the citizens will either adapt or be trampled under foot. 

Yes, my grandparents walked from the Ukraine, across Poland, arriving in Germany and sailed to our once great/safe land in America.  Do we have their courage today or are we snowflakes of entitlement? 

For decades I pondered how that the conflicts between cultures and nations could become so violent, needing One to stop the madness before everyone is eliminated.  Now I see the writing on the walls, borders, politics, educational systems, and even the divided religious systems of men.     jmo      Jim

imfd · Nov 19, 2018 - 9:53pm

Does anyone have thoughts on

Does anyone have thoughts on Keith Neumeyers First Mining Gold ? No real reason, I have held it for a long time and it seems to me that should the market ever pick up, it could become a favorite play. Not looking for reassurance or anything, Keith has a fine track record, just thought I`d ask if anyone shares my views, cheers.

Boggs · Nov 19, 2018 - 10:52pm

Nietzsche would be very proud

Nietzsche would be very proud to live in today’s world.  Another quote from him, “Morality is just a fiction used by the herd of inferior human beings to hold back the few superior men.”

Libero TF · Nov 20, 2018 - 12:30am

Now I can see it Craig, but I

Craig and degraives. Now I can see it, but I swear, for a few minutes after I posted it, it would not open, (I saw the you tube image and the text I typed).  I added some text and the text wasn't added.  So, perhaps when it says that it may take a few minutes to see your post, that was the case somewhat.  Anyways.

Good music.

Agent700 · Nov 20, 2018 - 12:37am

Since we're linking old song

Since we're linking old song lyrics to current events - And we all know that songwriters SOMEHOW predicted the future - then let me add one that has made me cry countless times over the past 10 years, after I REALLY LISTENED to it......

Don Henley and Glenn Frey described Paradise, Fires, Malibu, the USA - long before last week..."Call Some Place Paradise, Kiss It Goodbye"

This one is on my Stack For Posterity also. Too bad my family and friends never "got it" as I sent it many times over the past 10 years..

"The Last Resort" YouTube

P.S.

Shenzhen, China

boomer sooner · Nov 20, 2018 - 1:07am

Here's your S&P double top

Here's your S&P double top chart, from 1937.  Found it through the hedge link to another article from Feb 2018.

https://www.zerohedge.com/sites/default/files/inline-images/D9DSxjET-102...

AGXIIK · Nov 20, 2018 - 2:02am

Wolf RIchter, author of the

Wolf RIchter, author of the Wolf Street Report, focussed on the FANGMAN stocks which include Facebook, Amazon, Netflix, Google, Microsoft, Apple and Nvidia.  They were down collectively 4.4% today  That might account for the S&P hammering.  $170 billion total market cap lost today.  Almost $1 trillion lost since August. These stocks are 50% of the S&P

BTW Many of the world's central banks are heavily invested in S&P and tech  Total CB investments in the markets was $30 trillion last year.  

FB's off 40%.  Apple's down 25%   

I consider FG and Alphabet vapor-ware. They're the lilies of the field; they neither reap nor sow; toil nor spin; their fields tended by man children

Utterly useless manifestations of our vanity and inanity, virtue signaling semaphors in an internet of darkness

Apple and Microsoft. Overpriced trinketware and clunky coding. Both victims of their own success

Nvidia.  Crypto miner chip factory falling on hard times. 

Netflix. Bleeding edge entertainment hemorraging cash faster than light, hoping to stay alive long enough to entertain us to death

Amazon.  A trillion dollar yard sale led by a carney barking bald headed skunk

Thomas More · Nov 20, 2018 - 5:26am

No bounce so far on the SP

No bounce so far on the SP

As I type 15 minute bar on Gold turning negative 10:52 here minus 6, 4:52 your time.

They are all working to keep this sordid mess from falling apart. I heard no mention on TFMR about something that made alot of noise over here yesterday, albeit stock related. Any time you shave 5% or more off of big stocks in a day - it does weaken the whole market and its' psychology. Also we are dealing with a world  of CORRUPTION - the Rule of Law is not respected. This is why I am bringing this up, and its' relevance to the Mad Mad World.

Like Libero when I post music or a clip it doesn't usually play right away. Is this caused by Ron fixing things manually later, a time lapse, something else?

Nissan, Mitsubishi, Renault form one large group.

https://edition.cnn.com/videos/business/2018/11/19/nissan-carlos-ghosn-a...

PS  I am trying this for the first time. A direct link from StockCharts - I pressed a button by mistake - we'll see if it works. I am posting this to show where we are Gold versus EUR if this works you will see that we are bumping against an important resistance point.

Didn't work - back to square one.

Orange · Nov 20, 2018 - 8:52am

Haiti

Haiti

Protestors are being shot by police. 

https://twitter.com/hashtag/haiti

matt_ · Nov 20, 2018 - 8:58am

I guess I'll join in and post

I guess I'll join in and post another "Mad World" song.. smiley  From my high school days.  I actually owned this on vinyl:

Corrosion of Conformity - mad world

Lyrics are:

Certain leaders build their tools of death
Saying it's all to keep the peace
They're saying one thing doing another
Both sides of the scales of power
The deadly loads increase
Mad world we're living in a mad world
We're living in a mad mad mad mad mad world
As they sit down at the table
Trapping the media's narrow view
They prepare for their intervention
A military misadventure or two
People today ask fewer questions
Accepting the excuses on TV
As negotiations grab the attention
They repeat the lies
Until they sound like the truth
Mad world we're living in a mad world
We're living in a mad mad mad mad mad world

dangerkitty · Nov 20, 2018 - 9:18am

S&P 500 Futures down 44.25,

S&P 500 Futures down 44.25, as predicted by our fearless leader, this will get interesting. 

Craig, if you get a chance, for the weekend thread, can you post a chart on the bitcoin support levels, please and thanks?

dangerkitty · Nov 20, 2018 - 9:31am

Yes, so much for that

Yes, so much for that attempted overnight  rally and NYSE open bounce. Makes you wonder if/when the magic will appear today.

Re BTC, I'll see what I can find.

Thomas More AGXIIK · Nov 20, 2018 - 9:41am

Financial markets have been

Financial markets have been turned into a casino since ... I guess for me it became a casino - and I participated in it - in 1982 when They "invented" the SP500 futures. I am not of the opinion that option trading or futures trading will be of much use to us as They own the system. They own the system that we are all complaining about - yet what is the first thing we are planning - to try to identify some level to buy (you name it) with the objective of making some fiat. 

These guys scare me - and you should be too - if not, listen to the interview by Greg Hunter of Rob Kirby. If it is too long listen to the second half or last third. Think about it - we have been advised to get our asses out of the water. Get our gold and silver into our own hands. If the money that you speculate in is pocket change and amuses you - that's another story. But if we fall 10 or 15 more SP points from here - it doesn't take a long time to close the markets early. 

Everyone knows that American Thanksgiving is approaching - even at my golf club they are having a Black Friday sale. What Americans don't think about is how a crash in stocks before a long weekend like this affects us here in Europe. The margin calls still get sent out - but the sales to meet margin are executed in Europe and other markets which are open for trading. 

Merci l'Amérique. 

· Nov 20, 2018 - 9:55am

And again, re BTC, none of

And again, re BTC, none of this should be surprising or unepxected. Yes I still have my whopping 1.6 BTC but my cost basis is ZERO and I'm hoping for a new rally around the time of the next "halving".

canary · Nov 20, 2018 - 10:01am

Are cryptos going to have the

Are cryptos going to have the same apocalyptic experience as the gold and silver miners?...Feels like somebody greedy wants all the money from millions of enthusiastic young people that got into it.

AGXIIK · Nov 20, 2018 - 10:08am

What is with Bitcoin BTC cash

What is with Bitcoin BTC cash Ethereum and Litecoin?  

BTC down 30% plus in 1 week.  That reminds me of the tech wreck of 2001, the Lehman crash, silver price down 70% peak to trough.

Is this a liquidation event because anyone buying in at $6500, a supposed new low (not to mention $14,000 and $19,000 former highs) has to feel brutalized by these drops

Oil is taking a very large hit, down to $55 a BBL with Canadian tar sands selling for under $20 a BBL.  Even 10 yr UST is down to 3.04%.  Rate drops benefit home buyers and other borrowers. Oil price drops is a good thing for everyone except the oil produce

The stuck market is lining up for more than a correction. Earnings are not there. Insider selling is very substantial and consumers have buyer ennui.  This Christmas season is not lining up as robust if the retailers that took major hits today are any indicator. Housing stocks and retail home sales are just not there.

This might be a perfect storm for gold and silver to rise   Hope springs eternal but asset investment shifting sentiments might be a good support for increases in the PM prices. A sector rotation to miner stocks would be welcome.  The next 3 days will be woo woo's for the market

J Siefert dangerkitty · Nov 20, 2018 - 10:13am

Craig, if you get a chance,

Dangerkitty asked: "Craig, if you get a chance, for the weekend thread, can you post a chart on the bitcoin support levels, please and thanks? "

I'm also interested in anything Craig can offer on BTC.

Only yesterday I found an article on Medium from a posting on Twitter by Awe & Wonder.
Sorry but I don't know how to copy and paste Twitter pages.
So here's the article on Medium...

https://medium.com/coinmonks/bitcoins-logarithmic-growth-rates-facebook-...

Summing up Awe & Wonder expects the bottom in bitcoin to be around mid-2019 and at a price in the range 4400–5000. That said we are already in the top that range.
PS I bought another ''serving' of BTC today.

Thomas More · Nov 20, 2018 - 10:15am

The SP is now trading below

The SP is now trading below what should be a support level 2640 on the cash SP. A close at these levels could lead to a cascading of stock prices lower. I did watch Greg Mannarino this morning (last night's post). He is confident as ever - hats off to him, he has been right since February 2nd. Every dog has his day.

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Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
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Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
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11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
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Key Economic Events week of 11/19

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11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
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