Welcome to the updated TF Metals Report! We hope you enjoy the new experience.

We've changed payment processors, so any existing renewals will need to be re-subscribed after expiration. You will receive an email when this happens. If you have any questions, send a message through the Contact page.

TFMR Podcast #19 - Jim Willie


Like many of you, I know what is coming. I can see all of the pieces of the puzzle but I don't quite have the knowledge and expertise needed to bring all of the pieces together into a clear picture. Jim Willie does.

In this podcast, Jim takes today's seemingly unrelated headlines of European sovereign debt, JPM hedging losses and paper gold price drops and ties them all together into a tidy little package that clearly shows where we are headed in the not-too-distant future.

I think it's safe to predict that you will greatly enjoy this podcast and rank it among the best we've had to date.



Joseph Benham · May 11, 2012 - 2:12pm



Reach West · May 11, 2012 - 2:16pm

Wow - second place? Not as exciting as the "real thing", but gosh, in these markets it's nice to win something!!

Looking forward to listening to the latest Turdcast!

Sevin Wilson · May 11, 2012 - 2:19pm

Listening to the podcast now! These podcasts are my weakness. Whenever I listen to them I get itchy to go get some Phyzz. Keep on Stackin'. Looks like I'll be heading to the LCS later.

The motorcycle in the background was absolutely classic!

SRSrocco · May 11, 2012 - 2:21pm


Now I am going to listen to it.

Be Prepared · May 11, 2012 - 2:22pm

Man... I have been waiting for this one! :-) 

Turd you are rocking with the Podcasts... will comment more after the full listen!

silverstarfox · May 11, 2012 - 2:23pm

to be happy about falling prices. maybe we should be?

Frank Beans · May 11, 2012 - 2:25pm

Not for nothing, but Jimmy looks like hes one chromosome short from being an alien.I mean the big yellow hat would look rather small on that cranium,I think.

Sorry man , Saw the shot I had to take itcheeky

· May 11, 2012 - 2:27pm

He sent me that distorted picture to use. Makes him look like this:

Pretty funny.

Woody Mornings · May 11, 2012 - 2:35pm
Reality Check: All Republican Delegates Are "Free Agents" and Unbound?
David Birdsong · May 11, 2012 - 2:35pm

Jim is Big hat qualified! yes

Sevin Wilson · May 11, 2012 - 2:37pm

Did JW just call you Craig? Now we are closer to knowing the Turd's true identity!

Andrew Hunstiger · May 11, 2012 - 2:42pm

Chris · May 11, 2012 - 2:53pm

Not sure I can agree with all of Mr. Willie's views, but if you have one iota of interest in Biblical end times prophecy, his views on the new strengthened Euro are quite interesting.

He did guarantee we'll see a rally in Treasury bonds to help mitigate the JPM situation, so let's see where that goes along with predictions on GLD valuations.

Orange · May 11, 2012 - 2:58pm

Heard that as well, but to me Turd is Turd and only Turd - Thurd time:)

recaptureamerica · May 11, 2012 - 3:01pm

Jim looks alienized. Captain pike is happy

Sevin Wilson · May 11, 2012 - 3:01pm

Craig must be his pseudonym. Turd will always be Turd!

tyberious · May 11, 2012 - 3:02pm

Turd, I am subscriber to the Hat Trick Letter, and follower of Mr Willie.

Strong work! Much appreciated!

recaptureamerica · May 11, 2012 - 3:03pm

Mike Krieger: "Six Months Left… Can They Do It?" https://www.zerohedge.com/news/mike-krieger-six-months-left…-can-they-do-it

recaptureamerica · May 11, 2012 - 3:06pm

New Delhi says no to total curbs regime against Iran https://www.dnaindia.com/india/report_new-delhi-says-no-to-total-curbs-r...

recaptureamerica · May 11, 2012 - 3:11pm
recaptureamerica · May 11, 2012 - 3:14pm
agrock · May 11, 2012 - 3:17pm

Gold Five · May 11, 2012 - 3:19pm

The cat might be out of the bag, but just in case you want to bleep it out, it's at 25:21.


After further consideration, perhaps Jim thought he was speaking with a different Ferguson:

Edit 2: Again at 26:38. I fixed where I called Jim "Andy". This names thing is catching.

Dennis · May 11, 2012 - 3:22pm

His broad ideas have been spot on. Many of the specifics as well. Out of the box indeed. Thanks Turd & Jim!

GoldMania3000 · May 11, 2012 - 3:23pm

check out the volume

JPMorgan Chase & Co. (JPM)


36.88 Down 3.86(9.47%) 3:22PM EDT - Nasdaq Real Time Price

Add to Portfolio
Prev Close: 40.74
Open: 37.14
Bid: 36.90 x 3600
Ask: 36.91 x 6100
1y Target Est: 52.80
Beta: 1.57
Next Earnings Date: N/A
Day's Range: 36.70 - 37.99
52wk Range: 27.85 - 46.49
Volume: 187,788,80
Dennis · May 11, 2012 - 3:24pm

You just got tipped. :)

Sevin Wilson · May 11, 2012 - 3:31pm

I saw that on Max Keiser's Blog and that was hilarious. What's even better was the title of his post... "Federal Lactation Bank"

So Cal Steve · May 11, 2012 - 3:35pm

Turd, when you started the Podcasts, there were two interviews I was hoping you would land.... Jim Willie is one, Santa is the other. One down, one to go..... Great to listen to you and JW chat about the current financial issues. Thanks, Turd and Jim Willie!

Despekke Dennis · May 11, 2012 - 3:42pm

Hey Turd,

If you're too busy interviewing economic blogospherestars like Jim Willie, I'll gladly take the load of doing these other interviews of your back. 


 Man, that must be a drag! 

Zol Tan · May 11, 2012 - 3:43pm

How about a date, time and dollar value of the silver price versus JPM share price cross over?

Seems there was lots of discussion about this ratio in the past (back in the heady days of hoping for silver to hang on above $36 for two consecutive months).

Great Podcast Turd.


PS Disregard the emails. It's all good now.

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

Become a gold member and subscribe to Turd's Vault


Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

The TFMR Silver Round

Key Economic Events week of 6/11:
6/12 Trump-Kim summit
6/12 8:30 ET CPI
6/13 8:30 ET PPI
6/13 2:00 ET June Fedlines
6/13 2:30 ET CGP presser
6/14 8:00 ET Count Draghi presser
6/14 8:30 ET Retail Sales
6/14 10:00 ET Busi.Inv.
6/15 9:15 ET Ind. Prod

Key Economic Events week of 6/4:
6/4 10:00 ET Factory Orders
6/5 9:45 ET PMI Svcs
6/5 10:00 ET ISM Svcs
6/6 8:30 ET Intl Trade and Productivity
6/8 10:00 ET Wholesale Trade

Key Economic Events week of 5/28:
5/30 8:30 ET Q2 GDP 2nd guess
5/31 8:30 ET Personal Income
5/31 9:45 ET Chicago PMI
5/31 10:00 ET Pending Home Sales
6/1 8:30 ET BLSBS
6/1 9:45 ET PMI Manu Index
6/1 10:00 ET ISM Manu Index
6/1 10:00 ET Const Spend

Key Economic Events week of 5/21:
5/22 10:00 ET Richmond Fed
5/23 9:45 ET PMI Composite
5/23 10:00 ET New Home Sales
5/23 2:00 ET May FOMC minutes
5/24 10:00 ET Existing Home Sales
5/25 8:30 ET Durable Goods
5/25 9:20 ET Chief Goon Powell speech

Key Economic Events week of 5/14:
5/15 8:30 ET Retail Sales and Empire State Fed
5/15 10:00 ET Business Inv.
5/16 8:30 ET Housing Starts
5/16 9:15 ET Industrial Production
5/17 8:30 ET Philly Fed

Key Economic Events week of 5/7:
5/9 8:30 ET PPI
5/9 10:00 ET Wholesale Trade
5/10 8:30 ET CPI
5/11 8:30 ET Import/Export Prices

Key Economic Events week of 4/30:
4/30 9:45 ET Chicago PMI
4/30 10:00 ET Pend Home Sales
5/1 9:45 ET PMI and ISM Mau Idx.
5/1 10:00 ET Const. Spending
5/2 2:00 ET FOMC fedlines
5/3 9:45 ET PMI/ISM Svcs.
5/3 10:00 ET Factory Orders
5/4 8:30 ET BLSBS

Key Economic Events week of 4/16:
4/16 8:30 ET Retail Sales, One Fed Goon speech
4/16 10:00 ET Business Invt.
4/17 9:15 ET Industrial Prod., Four Goon speeches
4/18 Two Goon speeches
4/19 8:30 ET Philly Fed, One Goon speech
4/20 Two Goon speeches

Key Economic Events week of 4/9:
4/10 8:30 ET PPI
4/10 10:00 ET Wholesale Trade
4/11 8:30 ET CPI
4/11 2:00 ET March FOMC minutes
4/12 8:30 ET Imp/Exp Prices
4/13 Fed Goon Speeches...Rosengren 7:30 ET, Bullard 9:00 ET, Kaplan 1:00 ET

Key Economic Events week of 4/2:
4/2 9:45 ET PMI Mfg Idx
4/2 10:00 ET ISM Mfg Idx and Construction Spending
4/4 9:45 ET PMI Svcs Idx
4/4 10:00 ET ISM Svcs Idx and Factory Orders
4/5 8:30 ET Intl Trade
4/6 8:30 ET BLSBS

Recent Comments

by mavens, 19 min 59 sec ago
SteveW ...
by jaba, 44 min 53 sec ago
by WeWillWin, 1 hour 43 min ago