TFMR Podcast - Saturday, November 29

120

There are certainly some signs that we once again stand near the edge of the precipice. Therefore, I thought I'd just make this podcast immediately public.

It's not that this podcast is full of incredible analysis or earth-shattering information. It just seems to me that the world might be once again barreling toward financial crisis. Since there are likely quite a few visitors to this site who sense the same, I simply felt like I should make this podcast public.

For today, we discuss these charts. First, crude:

Then these three GOFO items:

And then these four charts of gold and silver:

Finally, please be sure you've read both of these ZH links:

https://www.zerohedge.com/news/2014-11-28/gold-shortage-worst-21st-centu...

https://www.zerohedge.com/news/2014-11-29/federal-reserve-confirms-bigge...

Here's a sample of some anti-SGI propaganda: https://bigstory.ap.org/article/59282b3bc1db4cec924db1ca5970428d/swiss-v...

And, potentially worst of all, make sure you've seen this from back on Thursday: https://www.zerohedge.com/news/2014-11-27/nato-deploy-tanks-eastern-euro...

I hope you enjoy your weekend,

TF

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ReachWest
Nov 30, 2014 - 2:00pm

Icebergs and SGI

.. moved to the new thread.

SteveW
Nov 30, 2014 - 1:52pm

Expect GOFO

rates to not simple relax but to balloon out to widely positive now that the huge SNB gold hoard is available for leasing/sale.

Maestro
Nov 30, 2014 - 1:06pm

Yes 130% no 0% i voted

Yes 130%

no 0%

i voted "yes" too....and I'm not even a Janda! Always had the feeling I was adopted...

infometron
Nov 30, 2014 - 1:05pm

SGI: A resounding endorsement

of central banking policies. Gold is just a commodity at best, a barbaric relic at worse.

Central banks have now been totally justified (and hence, exonerated), by the most long standing direct democratic country in the world, for depleting their gold reserves, in part or in whole, and by further implication "doing whatever it takes" to keep their .01% gravy train chugging along.

Break out the champagne, boys!

Those who control the boob tube, control the boobs. Alas, humans, for the most part, have become uneducated, misinformed, sufficiently amused, clothed and fed domesticated animals at the hands and whims of their fatcat bankster masters.

Edit: A top story on the CNBS newsfeed this morning: "Is the 6000 year bubble in gold about to burst?"

Docdhj
Nov 30, 2014 - 12:59pm

Vote Early & Vote Often

Today the Janda Family also voted upon the same initiatives voted upon by the Swiss people regarding the safety and security of their financial future.

As opposed to the results in Switzerland, the Janda Family voted to link their financial future by back stopping all transactions with precious metals. The turnout of the vote was overwhelming.

The vote tally:

Yes : 115%

No: 0%

When asked by representatives of CNBS how the "Yes" vote could have tallied 115% in the "Yes " column. The Commissioner of Elections for The Janda Family stated: " We used 2 methods to tally the vote : 1) We implemented the standard formula developed in the family's home town, Chicago..... " Vote early & Vote often" and 2) We implemented the Stalin voting mantra which was utilized earlier in the day in Switzerland... " It is not who votes that matters..... it is who counts the votes that matters."

Update :

Further votes have been received.....

Final Total :

Yes : 120%

No : 0%

When asked by CNBS how the vote totals could have changed . The Commissioner stated: " We just received the voting block from Woodlawn Cemetery."

The Rothschild Family issued a statement on the voting today" " We were pleased that our fear mongering and control of the voting apparatus in Switzerland worked to perfection..... as far as The Janda Family ...... what would you expect, they are enemies of The State, they refuse to allow us to use debt to enslave them."

goldcom
Nov 30, 2014 - 12:56pm

NO VOTE expected

No way could TPTB allow this to be a yes vote. As tight as the gold market is right now it would have created massive demand when gold is in strong hands already for the most part except for Central Banks chipping into the BIS to suppress price.

I don't think this will affect the demand of the SGE, PBofC, Putin or India so demand will maintain at these high levels, however it may encourage some central banks to sell or lease more than the norm of their holdings into the market holding price down, perhaps even lower as an even higher volume goes from west to east.

So we will see if the GOFO rates relax a bit here as I expect they might, if they mean anything at all.

I am a bit surprised with the 74% NO vote though

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

Yukajub
Nov 30, 2014 - 12:54pm

looking for a bottom in silver, a look back

For anyone attempting to catch a knife, here's some perspective. Back in '08, we went from $17 to $9 in 3 months.

Edit: ~$14.60 is that last 'clean' support, after that, it gets pretty mess to find a target. We are talking support/resistance from years back. Other than the real obvious ones like $18,there are too many little tops and bottoms below $14.60. Below $14.60, picking round numbers as psychological support may work just as well.

unwired
Nov 30, 2014 - 12:52pm

SGI

Yep... no surprise there. The West is 'all in' on fiat and the vast majority is dumbed down enough to protect it until the failure becomes catastrophic. Wonder if anyone noticed the slap in the face one of the Swiss' largest industries... precious metals refining. In any event.. at least they can earn a nice profit refining for those dopes in the east who still want real money. Its surreal.

Of course... who knows these days what any western gov't is willing to do in order to hold its power and protect the status quo. The nice collapse Friday was proof positive of the coming failure. In these 'markets'... those 'connected' don't have to 'stand pat' and wait for the news to place their bets. They already know how the dice will fall. And if anyone thinks this 'vote' is already 'priced in'... I'd say you're probably dreaming. With PM's we have evolved from anything like 'buy the rumor... sell the news' to something more like 'sell the rumor.... sell the news'. No matter what the news... its always negative for PM's. That's confirmed by the painted tape.

But... like Kranzler basically said... the no vote basically signals the death knell for western financial dominance. Now we wait for the continuance of the train wreck already in motion for decades.

BigGamble
Nov 30, 2014 - 12:49pm

Let them try to smash the

Let them try to smash the price of silver. I am with SS21 (and I 'think' Turd is in the same line of thinking) that if they try to smash the price of silver it will backfire moreso than ever before. I think the GOFO rates had nothing to do with the SGI (who would be willing to place their bets that are $$$$ huge on a few blondes somewhere in northern Europe?)

They are stuck in the 'damn if we do/damn if we don't' mode and they might be ballsy enough to try to go for a smash while they cross their fingers. I think some have held their hopes and expectations too high on this. Markets should be fun to watch this December...its gonna get damn interesting.

Barfly
Nov 30, 2014 - 12:45pm

I've been watching this whole

I've been watching this whole SGI episode with one eyebrow raised. There were several things about this that caused me some cognitive dissonance. The most prominent thing was how all those in the alternative media jumped all over this as a shining beacon of hope for a turnaround in the gold price.

I read yesterday, I think on ZH, a poster warning about how this would turn out as a no vote. His rationale was that the mainstream media was buying in on coverage of the referendum. Normally, he said, a grass roots political movement would receive little to no coverage, especially if it went against the party line. So, the real message that you've got is a media event grandstanding about how awful gold is. It turns out he was right.

We just got psyop'd. Why? We know why. The vaults are empty. We've just had a full court press about how dumb it would be for the SNB to back the Franc with 20% gold coupled with a full court press to drive the paper gold price lower, which will likely continue next week. All of it reeks of desperation. But we know that. But propaganda works, that's why they do it. And we've just been suckered.

And all those bloggers out there who were desperate that this was going to be a game changer just got their faces smashed into the concrete. Psyop accomplished. They're demoralized more now than they were before. If the banker owned media is lucky, maybe some of them will shut up now, which will help keep the ponzi going longer.

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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

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

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