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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DoopleDr. P. Metals
Jan 30, 2015 - 6:51pm

Dr. P

Thank you. Hey, we have all been crushed for the past three years, me included but I think we are seeing some daylight. The now constant flow of gold from west to China and India in particular is starting to turn the tide but it is like turning an aircraft carrier. Have a super weekend.

Dr. P. Metals
Jan 30, 2015 - 6:49pm

@Doople

Sorry if I misunderstood then. Again, we're all here generally because we don't like fraudulent systems of money. While we all don't get along, and have different personalities, and sometimes get on each others nerves, that can sort of be expected in any system, but at least we have that one thing in common. If you've done well, congrats. I've been crucified since last year. The wounds get emotional at times yes. Doesn't change what I do, but perhaps how things come out. Anyway, have a great weekend, and be glad you weren't the "7 second" late guy!

DoopleDr. P. Metals
Jan 30, 2015 - 6:45pm

Dr. P

Apparently we are not communicating well. My monthly evaluation that I have done for years for my own investments is done at the same time at the end of each month. This is not cherry picking. Cherry picking would be to pick the two low HUI dates in December below 150 but that is not what I am doing.

Dr. P. Metals
Jan 30, 2015 - 6:41pm

@Doople

I was just stating that in hindsight, yes, HUI is up from the "bottom" of the amount you say, but many (most) of us were not able to get that exact kind of performance, nor will we ever. So what you see recently on days like yesterday is an unmitigated hatred of the lunacy and criminality of the "markets" in metals. It doesn't help when someone then comes along and say, all is great, we're up X%, when it would be almost impossible, unless by stroke of luck or genius to generate that kind of result. That's all. People cherry pick dates all the time, for good or bad. Most of us are just up today, after a horrendous day yesterday, not even back the opening valuations of just yesterday, and now are wondering/expecting the next gigantic slam to start all over again (maybe? Probably? Pavlovianly?) on Sunday night again. So nerves get frayed. It's just a fact, after 3 years of this constant, utter, pure manipulated criminal BS. Yet, we all know that "metals" (and miners most likely) are the only way to play. And yet, we sit through this crap day after day, week after week, month after month, year after year. Cherry picking hindsight date performance #'s doesn't ring well.

Edit: and many are at losses now where even 1000% upside won't even get us back to EVEN. All doing what is logical, prudent, etc...Sorry for the rant. Stack on. This doesn't affect stacking one iota.

lund175
Jan 30, 2015 - 6:38pm

Does the D in Chilly D stand for Dick?

Turd,

Great job on the interview.

Dr. P. Metals
Jan 30, 2015 - 6:35pm

Speaking of Market Timing

How's this one!! :( wow...

https://www.thestar.com/news/canada/2015/01/29/quebecer-7-seconds-too-la...

Holy Moly, that might be the mother of all market timing "events" gone wrong...

DoopleDr. P. Metals
Jan 30, 2015 - 6:34pm

Dr. P

I really do not know what you mean. At the close of the last trading day of every month, I print out the price of gold, silver and my stocks. Those are the numbers from 12/31/2014 to today.

DeaconBenjamin
Jan 30, 2015 - 6:30pm

Greeks Turn to Gold on Bank Bail-in and Drachma Risks

Greek coin and bullion dealers with whom GoldCore spoke, confirmed an increase in demand for gold coins and bars in recent weeks and since the election.

GoldCore have Greek clients both in Greece and living in the UK and throughout the world. We have seen a definite upsurge in interest, inquiries and demand since the election last Sunday.

Concerns about bank holidays and also a return to the drachma have returned and Greeks are looking for ways to prevent further destruction of their wealth.

For Greeks, Storage in Switzerland remains a favoured way of owning gold

https://www.maxkeiser.com/2015/01/greeks-turn-to-gold-on-bank-bail-in-an...

goldcom
Jan 30, 2015 - 6:27pm

Yahoo Finance gold close $1,268.50 up 1.00%

Yahoo Finance shows at 5:14 EST gold was $1,283.70 and went almost straight down to close at the end of the day at $1,268.50.

I know good ole gold lovin Yahoo must be wrong but there are closer discrepancies, TF Metals has $1,282.58, PMBull.com $1,283.60 up 2.01% and Kitco at $1,283.10.

Colonel BlimpDoople
Jan 30, 2015 - 6:25pm

RE- Hysteria on Blog

I want a good showing of negative comments on this Blog. Keeps me grounded and constantly questioning - and more importantly - when we get to the point that Everybody is positive and thinks prices are going up................. well we know what happens then don't we..........

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Forum Discussion

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