TFMR Podcast - Saturday, November 29


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:

Here's a sample of some anti-SGI propaganda:

And, potentially worst of all, make sure you've seen this from back on Thursday:

I hope you enjoy your weekend,



Nov 29, 2014 - 8:34pm

i think he's one of the good

i think he's one of the good guys. maybe he's more conspiracy like than the others, but he's definitely on our side. he has what appears to be a new site up.

Nov 29, 2014 - 8:05pm

That was Awesome Turd!

Pre Drink Yuk Yuks party with Turd in the background.

Had a extra shot of gibsons with every douchebag, shit asswipe comment i heard...

That was Awesome!

Dyna mo hum
Nov 29, 2014 - 7:45pm


This one promises to be a textbook slobber knocker.... Auburn vs Alabama direct tv ch 611 now....That is all...TWICE!!

Dyna mo hum
Nov 29, 2014 - 7:45pm


This one promises to be a textbook slobber knocker.... Auburn vs Alabama direct tv ch 611 now....That is all...

Nov 29, 2014 - 7:36pm

Harvey Organ

seems like one of us good guys 'fighting the good fight', I started reading his blog after his interview on USA Watchdog, guess he lost some credibility in my view after insisting that there were Chinese entities who were going to empty the Comex vaults of all the silver this month and now explains away the sudden drop in OI as illegal cash settlements. Dunno, have to admit that huge drops in OI without much price volatility is strange market behavior to say the least

Nov 29, 2014 - 7:34pm

I wasted a little time....

...trying to find some new information about the state of the Swiss Gold Initiative -- and was struck by how complete the carpet-bombing of gold-negative reporting is in German-language media.

It's not just one or two, or a dozen articles -- EVERYTHING that has the word 'gold' in it seems to be dismissive, derogatory. Everyone who even CONTEMPLATES a role for gol din the global financial/monetary system is portrayed as an utter lunatic. The gold standard is the economic antichrist, and the cause of all crises/instability/depression.

For an English-edition version of the same basic themes:

Die Zeit (online) The Fear of the Gold Worshipper and the Ardent Desire for Gold

Frankfurter Allgemeine Zeitung (roughly NY Times equivalent?) -- the initiative is just a populist ploy from a politician with waning popularity -- The Populist Gold

A slightly more balanced piece, but still warns that gold is dropping, and will ultimately drop faster if (when) the SGI fails:

Will the Swiss let gold price explode tomorrow?

Every sidebar article, every editorial, news summary snippet, etc. is screaming 'you have to be an IDIOT to vote for this'.

While this may very well portend that this is thus a self-fulfilling prophecy, the very fact of such a full-court press seems to me to indicate that there is a realistic 'danger' of a yes vote -- or at least TPTB are not willing to take ANY chances. No Diebold gadgets involved seems to make a difference, after all...

Nov 29, 2014 - 6:41pm

Oil price

In my opinion the oil price shock illustrates exactly what is happening in the geopolitical sphere. According to the EIA the oil surplus (total liquids) is a mere 0.4 million bbl/day in Q4 and for 2015 in a 92 million bbl/day market.

Historically Saudi Arabia has been the swing producer that has reduced its output to maintain prices. As far as revenue is concerned it would receive more revenue at $100 pricing with 0.4 million bbl/day fewer sales that at the current sub $70 pricing. Furthermore its role in the current price will tend to destroy at least some of the US shale oil industry.

Clearly Saudi Arabia has brought the petro dollar era to a close as it pivots Eastward toward India and China. Expect the next move to be that it will accept yuan as do many of China's oil suppliers.

So the currency war has evolved into a full scale trade war (through sanctions) and now the Saudi's has escalated trade war into likely global chaos. Expect the next step to be a regional war.

Nov 29, 2014 - 6:18pm

IMO whether the SGI vote

is yes or no gold will taken down hard Sunday night and we will have a chance to buy the dip on Monday

4 oz
Nov 29, 2014 - 6:18pm

Presented w/o comment~~

Presented w/o comment~~

MH17 tragedy cover up
Swift Boat VetTF
Nov 29, 2014 - 5:29pm

Messy Desks??? Can't hold a candle to ----=--

Ol' Swifty. True event. Once at my own company's annual fire marshal inspection,

They actually wrote up MY PRIVATE OFFICE as a fire hazard !! I rolled up a dumpster to the back door and took the whole weekend to sort/clean it for a reinspect on monday. My employees never let me live that one down.


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Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
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8/20 10:00 ET LEIII
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