TFMR Podcast - Friday, January 30


Right on cue, gold rebounded today and recovered most of the contract expiration losses of yesterday. Now, with another volatile week ahead, can it crawl back toward $1300 and, if it does, what will happen with silver?

As we wrap up the week and the month (a month which saw gold +8% while the S&P was -3%), just a discussion of these charts:



the HUI and the S&P

And this crazy chart of 10-year German and Japanese bond yields

Regarding the totally insane global interest rate picture, please print off and read this remarkable story from Zerohedge. Then take the printed copy and add it to your Stack For Posterity.

And finally, here's a fun article from SRSrocco covering many of the topics we regularly discuss here in Turdville:

Have a great weekend!



Feb 2, 2015 - 1:22pm


Not that I am a Patriots fan. I hate the Patriots but the Seahawks had no business being in the Superbowl. Packers had them beat.

Angry Chef
Feb 2, 2015 - 1:09pm

Seahawks Blow It

The Seahawks blew it. They should have ran Lynch. Brought in an extra blocker or two and had Wilson pull a Bart Star and bootleg it ! We need guys with big balls in crunch time.

Angry Chef
Feb 2, 2015 - 1:07pm

Good News For Canadians

I completely agree with Bill Still in that Governments should create their own currency interest free. But he seems to feel that there is no role for Gold & Silver to play. My question then becomes under such a scenario, where Governments issue currency interest free, how do Nations settle their debts ? Wouldn't Gold & Silver and other commodities be the solution ? Help me out here because I seem to be grappling with the " Horns of a Dilemma ".

Ferd Torgerson
Feb 2, 2015 - 12:12pm

Seahawks Shouldn't Have Taken this One Sitting Down

Like everyone else, I was aghast at the miracle reception by Kearse down near the goal line. I was pulling for the Patriots but had expected the Seahawks to win the game. At that point, I figured the Seahawks would punch the ball in and win the game, especially after Lynch picked up three on first and goal.

Then the Seahawks opted to pass instead and had the ball intercepted. Carroll made a big mistake in taking the blame for the call. Had he been smart, he would have claimed that he called for a run by Lynch up the middle but someone hacked their on-field communications system and told Wilson to throw the ball. He could have left it up to the media to figure out who would have done such a dastardly thing. They'd have been all over Belichick this morning instead of criticizing one of the worst calls in the history of organized sports, going back to gladiator matches in the old Roman coliseum. That would have been where Caesar substituted a Chihuahua for a lion against Russell Crowe.


Feb 2, 2015 - 12:09pm

@ SS121

A green mamba is not your average snake in the grass.

Feb 2, 2015 - 11:55am

It's official

Orwellian double speak is now completely institutionalized:

President Obama Explains His "Middle-Class Economics" FY2016 Budget - Live Webcast

Keep the sheep calm, officially contradict the facts of the matter at every opportunity

Feb 2, 2015 - 10:53am

Rebellion in Kiev


“We call on all commanders to rise up and start overthrowing the government."

“The Battalion Brotherhood is Starting a National Tribunal”:The “Volunteer Soldier Assembly” in Kiev demands Poroshenko’s dismissal.

Translated from Russian by J.Hawk

On Sunday, February 1, a Volunteer Soldier National Assembly was held, with 500 militants who had fought on the Donbass.

“We call on all commanders to rise up and start overthrowing the government. The battalion brotherhood is starting a national tribunal”, they chanted.

The militants, who arrived from the combat zone, told the Kievans at the meeting that their units had no financing, and are not supplied with weapons.

They demanded the introduction of martial law and changes to the security services (dismissal of the heads of the Ministry of Defense, Security and Defense Committee, GenStaff chief, and the Prosecutor’s office). They also demanded that the MOD be audited, and counter-terror fighters be admitted as members to the OSCE mission and participate in the organization’s meetings.

Their demands to the Verkhovna Rada included the impeachment of the President and the removal of legal immunity afforded to Rada members and judges.

The demonstrators announced they will hold a protest action at the walls of the GPU, then will go to the President’s Administration and deliver a list of their demands to Poroshenko.

Several days ago another demonstration took place in Kiev. Its participants demanded that Prime Minister Arseniy Yatsenyuk be dismissed. The demonstrators were complaining about the rampant corruption and the byzantine tax system. Their slogans were formulated as follows: “Reform, or bullet to the head!” and “Senya, get to work, our patience is running out.”

Translator’s Note: So, contrary to the prediction by Rodzhers, it does not seem that Turchinov and Yatsenyuk are safe either. Who is safe? Avakov? Parubiy? Do the recent reports of the National Guard (reportedly still loyal to Poroshenko) bugging out of not only Debaltsevo but the still-safe Artemovsk suggest an effort to get to Kiev while Poroshenko is still the president?

Feb 2, 2015 - 10:35am

Contrary opinion

I am interested in. Blantent shilling and dis info I am not

Just read thru the newly started site and the comments by the owner . I am unsure where to start,....really I am unsure other than to say I hope he is well paid


Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Feb 2, 2015 - 10:35am

Compare the headlines

Zerohedge: ISM Manufacturing Tumbles To One-Year Lows As New Orders Crater; Construction Spending Disappoints

CNBS: ISM manufacturing index hits 53.5 in Jan; Construction spending up 0.4% in Dec.

It's enough to drive an algo mad (unless they are programmed to ignore zerohedge)!

Feb 2, 2015 - 10:33am


This post is about nothing other than good music:

Jimi Hendrix - Little Wing (Original music & Video)

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Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

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

Forum Discussion

by FrankMUQAQ, 2 hours 47 min ago
by HappyNow, 11 hours 27 min ago
by 11IMIX, Oct 28, 2020 - 8:49pm