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!



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


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


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.

Jan 30, 2015 - 6:38pm

Does the D in Chilly D stand for Dick?


Great job on the interview.

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

Speaking of Market Timing

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

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.

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

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, $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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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