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 30, 2015 - 11:51pm

China, Russia, India FMs to meet in Beijing on Monday

Chinese officials are preparing for the upcoming RIC (Russia, India, China) Foreign Ministers meet, a Chinese Foreign Ministry spokesperson said. The meet comes close on the heels of a much-hyped Obama visit to India. Chinese state media has cautioned India about US President Barack Obama’s strategy to “split” India’s relations with both China and Russia.

“Obama’s strategy is quite clear. He wants to split the relations between China and India, as well as India and Russia, in an effort to fulfil his strategy of a ‘re-balance’ in Asia,” state-run Global Times said on Wednesday. Meanwhile, China’s Foreign Ministry spokesperson Hua Chunying said the RIC meeting will be held in Beijing on 2nd February.

Russian Foreign Minister Sergei Lavrov and Indian External Affairs Minister Sushma Swaraj will attend the 13th Foreign Ministers meet at the invitation of their Chinese counterpart Wang Yi. The mechanism has become an important platform for the three countries to coordinate their positions and seek consensus and cooperation. RIC, formed more than a decade ago, is focussed on strategic issues of multilateral cooperation and democratic international relations. With two of these nations being permanent members of the United Nations Security Council, the RIC group plays a crucial role in global politics.

Monday’s meet is expected to discuss the Ukrainian crisis and the Iranian nuclear standoff as well as possible instability in Afghanistan post NATO pullout. The three Foreign Minister’s will also discuss India’s bid to join the Russia-China-led security bloc, the Shanghai Cooperation Organization (SCO). All three countries have taken similar stands on Syria, vociferously opposing any military interference against Damascus. The three sides are also eyeing transport links for energy resources through Afghanistan and Central Asia routes that would further boost trade ties.

Jan 30, 2015 - 11:41pm

Reserve Currency

The transition from the pound sterling to the silver dollar isn't that big a stretch. They are both based on silver it is just which countries sizes and divisions dominate.

The transition from worthless paper to something tangible is going to be interesting to say the least.

Jan 30, 2015 - 11:36pm

what the online retailer guy said... (re: Silver)

Q: when the chart starts up are you guys going to keep selling

Him: No, it would just be putting good money after bad


they watch world events and expect any significant silver chart move to result in such demand that they will not be able to re-stock at anywhere near the selling price, if at all.

right now physical Silver is readily available at silver chart prices, but this whole thing is a powder keg.

any one of these Silver Pendulums gets loose, ...and they all go.

Jan 30, 2015 - 11:34pm

Chilly douche

I've heard this guy talk for several years, it's always the same. Good job Turd keeping a level head. Don doesn't seem to get that exponential money supply growth has never happened to this extent in history. What has happened before is commodity money accounting for fiat money expansion. So when the British lost the reserve currency, no one "walking around with a satchel of silver" (Indiana Jones carried one) got rich? As turd implied, monetary inflation then was only a glimmer in it's mother's eye compared to what we have now.

Jan 30, 2015 - 11:10pm

You know, it's funny...

I haven't re-listened to it but I had the distinct impression at the time that he really thought he was going to "expose" me. Whatever.

Look, I will go on with anyone, anywhere, anytime and discuss this stuff because I know what I'm talking about. This is all I've done for the past 5 years of my life and it has been all-consuming. No distractions with anything else. Just gold and silver. Someone else may think they know their stuff regarding the metals and commodities etc...and to some extent they might at least be conversant...but when it comes to the real nitty gritty, the real down and dirty under-the-hood stuff, I won't back down from anyone because, quite frankly, very few people in the world can successfully debate ALL of it. I can and I won't back down from any fight.

Good night, all.

Dr. P. Metals
Jan 30, 2015 - 11:05pm
Jan 30, 2015 - 11:01pm

And the charade begins

55 Feb15 gold "deliveries" yesterday and 16 more today for a total so far of 71. What a joke.

Jan 30, 2015 - 10:55pm

ChillyD Show

Just listened. I think it went well. I got the feeling that chillyd was trying to reinforce his own feelings about where to put his funds pending the financial disaster pending. I concluded, he was heading down the path of a turdite and needed to challenge "experts" (that be our head master) on the whys and whereforalls on these PMs.

Who knows where we are going. We are merely trying to defend against the POS politicians and bankers and elites who are trying to steal it all and kill us. The magic elixir is a mystery, but it is not fiat currencies or keynes and his pub theories.

All kinds of theories of what is the total insurance theory other than marrying a Bush, a Clinton, a Kennedy or a Goat (if you are so inclined). 10-20-50-100% in PMs or a house or some land or a farm or a painting or a car or a diamond (not a dimon unless he has children to marry).

Great podcast. chillyd felt reinforced.

Dr. P. Metals
Jan 30, 2015 - 10:52pm


Wasn't maligning it, just inquiring. Thx

Dr. P. Metals
Jan 30, 2015 - 10:49pm

I don't know for sure

But I would imagine that having your vaulting, storage and distribution in Shanghai instead of London is quite important going forward.

Above, someone asks about 23 hours/day. I would imagine that this has to do with the existing electronic global trading system, which is also 23 hours. To malign Andy's project for this would be akin to writing it off because it won't operate on weekends, either.

Honestly, though, I don't know a whole lot of specifics yet as Andy is just now bringing it online and I'm not affiliated with it in any way (though I wish I was!). We'll be discussing it here in the days/weeks ahead, that's for certain.

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

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

Forum Discussion

by 11IMIX, Dec 3, 2020 - 7:02pm
by 11IMIX, Dec 3, 2020 - 7:01pm
by SteveW, Dec 3, 2020 - 3:41pm
by Nijle, Dec 3, 2020 - 11:15am