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!



Jan 31, 2015 - 7:54am

@ Dr. P

Congratulations on paying off all your debt. Other than for our home, Mrs. Keg and I have rarely used credit and that was many years ago. I sleep better at night knowing I don't have to worry about payments.

Jan 31, 2015 - 7:49am

This just about sums it all up

Sarah Palin in Iowa: "The man" (?) is doing some dirty things to...the middle class? The GOP?
Jan 31, 2015 - 7:45am

Interview with Don

Just listened to the interview with Don. What an ass.

He says "I'm not asking you to call anyone out but what about the claims on these sites?" Then he tries to pin his opinion of the world of metals sites/pundits to what Turd says. And I think his opinion of what the world of metals pundits are saying is not correct. I can think of only a few times I've ever heard anyone say put all your money in metals. You do not hear that from Sprott, Turk, Schiff, or any of the more well know guys. Turd, maybe you should have asked him for specific names instead of allowing him to keep using the generic comments.

And his insurance commentary is just BS. At the end of the year the money you spent on homeowners insurance is just gone unless you have a claim. In 35 years of home ownership I've had two claims that combined were less than $2000. The money you put in precious metals still has value. And I don't expect to be able to buy a neighborhood with my stack when the current system fails. But I do think it will allow me to preserve some of my wealth and continue my current standard of living while those that are not prepared will lose out.

Since he thinks everyone that doesn't know what is going to happen in the future should keep their mouth shut, I wonder what he would propose? Hell, any investment decision is using some forecast of future events that no one knows for sure.

There is history that backs up holding hard assets. In the 20s in Germany you did OK if you owned a factory making something. But if you just had cash in the bank you were screwed. The average person can't own a railroad like Warren Buffet but they can own some gold and silver.

One last comment, WTF is that strange music that is in the background on the recording?

Jan 31, 2015 - 6:55am


I'm paying debt down big time. I'm not far from $0.00, and the closer I get the better I feel. No debt = greater freedom.

Dr. P. Metals
Jan 31, 2015 - 6:36am

Right on cue

I think it should tell us something when you can pretty much predict their moves in advance now.

Dr. P. Metals
Jan 31, 2015 - 6:34am

Paid off all debt

I don't want to be beholden to these criminals at all. Period.

Jan 31, 2015 - 6:21am

Also bank deposits and reducing debt in US

Anyone reducing their cash exposure in regular banks and paying off any remaining debt? Or is paying off debt not a smart idea with the low interest rates? I'm of the view its a war of attrition that the debt providers are playing and you have too be 'time free' for any eventually.

Jan 31, 2015 - 6:13am

Is anyone else reducing their 401K holding?

Once the the 10 year gets to German/Japan levels in the US (maybe a year?) the 401ks are going to look like an easy mark.

J.P. Cubish
Jan 31, 2015 - 5:09am

Chilly D

Its good to get outside your comfort zone and be challenged on your ideas. Excellent performance on your part. You have produced some great content this week.

I've had to eat a few hats myself. You may have coined a new phrase for when a market moves unexpectedly moves against your position. For example, "The sclerotic day trader bought the farm when he ate his hat."

Jan 31, 2015 - 4:06am

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11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
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11/17 10:00 ET Business Inventories
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