TFMR Podcast - Friday, January 30

241

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:

GOLD

SILVER

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. https://www.zerohedge.com/news/2015-01-30/denmark-you-are-now-paid-take-...

And finally, here's a fun article from SRSrocco covering many of the topics we regularly discuss here in Turdville: https://srsroccoreport.com/big-trouble-for-u-s-gold-market-no-available-...

Have a great weekend!

TF

  241 Comments

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brokerk22
Feb 2, 2015 - 1:22pm

Seahawks

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.

Ferd

AlienEyes
Feb 2, 2015 - 12:09pm

@ SS121

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

infometron
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

kardnul
Feb 2, 2015 - 10:53am

Rebellion in Kiev

2/1/2015

“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?

https://fortruss.blogspot.com/2015/02/we-call-on-all-commanders-to-rise-up.html

silver66SubjectivObject
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

Silver66

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

infometron
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)!

CPE
Feb 2, 2015 - 10:33am

Disclaimer

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 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

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
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