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 - 10:47pm

Since we all here want physical

Why fight the power? After each runup gets started, buy put options the next month out. Since we rarely go a month without a monkey-hammer why not prepare? After the hammer, close the option and use the cash for REAL metal.

Dr. P. Metals
Jan 30, 2015 - 10:42pm

Re PMs

I hadn't really paid attention to these particular verses before but reread this recently and it jumped out at me. I wasn't aware that "gold" showed up so early in the Bible, and described as "good".

"A river flowed out of Eden to water the garden...where there is gold. And the gold of that land is good..." (Genesis‬ ‭2‬:‭10-12‬ ESV)

My bold. Interesting to say at the very least. In the 2nd chapter of very first book!

Dr. P. Metals
Jan 30, 2015 - 10:32pm


Can you explain what the Shanghai withdrawals mean? We heard years ago from Santa and others that the Asian exchange(s?) would fix paper pricing, but it hasn't. Just not familiar with it enough to know what I'm reading on it. Thx if possible.

Jan 30, 2015 - 10:29pm

Reasons for Owning Precious Metals

1. For thousands of years of human history gold and silver have been money. I believe they will revert to their monetary role.

2. Gold and silver can be exchanged for the local currency in just about any country in the world. I don't know of any country where gold and silver have no value.

3. They will not spoil. They can be stored indefinitely.

4. This is the first time in human history that the entire worlds monetary system is based on faith and imagination. All other world reserve currencies were based on precious metals. There isn't a historical precedent for what is going to happen when the world reserve currency hyper inflates.

Jan 30, 2015 - 10:24pm

Chilly D, Like arguing with your wife

After the initial argument shows that you were innocent (and ignorant) of all charges, you get nailed for what might have been or what would happen to you if you did do something like that... Logic, can you leave the room please, I`m on the back foot and need to use emotion and bullshit here because I picked the wrong fight... I`ve listened to Don before and he`s not all bad but I think he seen a guy called Turd who shoots his mouth off about PMs and thought he had an easy target, he didn`t bring you on his show to make you look good but haha ! You shot him down good and proper...Logic, you can come back in now. If he`s has any sort of class, he`ll become a subscriber to TF Metals Report, well done TF, and by the way, thanks for the yield curve malarkey, you have no idea how helpful that, if you can just explain COT and Specs one more time, we`ll be good, have a great weekend Turdville, cheers !

Steve S
Jan 30, 2015 - 10:20pm

thanks Dr. P

It sure starting to feel a little different isn't it.

Dr. P. Metals
Jan 30, 2015 - 10:20pm

Re new platform

why "23" hrs a day, for a global platform? Seems odd at first read.

Jan 30, 2015 - 10:17pm

Some may recall me mentioning

Some may recall me mentioning a few weeks back that Andy was working on a "special project". There you go.

We'll be discussing it here in the days ahead, too.

Dr. P. Metals
Jan 30, 2015 - 10:12pm
Jan 30, 2015 - 9:42pm

has this been posted

Andrew Maguire: “Eric, in the next two weeks you are going to hear a lot of noise as a fully-functioning, 23-hour a day global physical exchange is made mainstream….

This is going to act as a conduit for this much needed liquidity. The trading platform is directly connected to a totally independent, fully allocated exchange — completely bypassing the LBMA.

Death Knell For The LBMA

This is the death knell for the unallocated LBMA system. Over time it will even eliminate the need to have a once a day silver (fix) or a twice a day gold fix altogether. This exchange allows institutional and physical investment buyers to share the same global platform 23-hours a day, where their transactions are totally hidden from the controlling LBMA bullion banks — who currently have the advantage of front-running physical orders.

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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