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

  Refresh
Dr. P. Metals
Jan 30, 2015 - 6:23pm

hmmm

RE: "The PM stocks as measured by the HUI are up 23%"

only if you bought at the exact bottom....cherry picking dates always works well.

DeaconBenjamin
Jan 30, 2015 - 6:22pm

Berlin says fresh Greek aid 'not on agenda', deny media report

BERLIN (Reuters) - Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms.

"That is not on the agenda at all," said a spokesman for Finance Minister Wolfgang Schaeuble. The report in Der Spiegel magazine that Germany estimated Greece's additional aid needs at about 20 billion euros was "pure speculation", he added. Spiegel reported that Germany would be willing to grant Greece fresh aid on condition that it accepted reforms overseen by inspectors from the "troika" - the European Commission, the European Central Bank and the International Monetary Fund.

Tsipras was elected last weekend on a promise to reverse precisely the kind of austerity measures prescribed by Berlin and supervised by the troika. He has already scrapped some of the privatization plans agreed under the existing bailout deal and his finance minister said on Friday he had no intention of cooperating with the troika.

https://news.yahoo.com/berlin-says-fresh-greek-aid-not-agenda-denying-17...

Doople
Jan 30, 2015 - 6:20pm

Hysteria on this Blog

The subscription I recently renewed with TF Metals Report is a really good value at $100. Mr. Furguson I think really works his ass off to provide good information and insight that is often not available in other forums. Many posters provide really good information on their own for us to evaluate. Some posters on the other hand are absolutely whacked and I worry about them on days like yesterday. There is going to be a good deal of volatility from now on. Get used to it. The bankers are not going to lose money, we have to be smart about making money. One poster who shall remain nameless yesterday posted and I paraphrase "All the gains of the last 30 days gone in 8 trading hours". It was pure hyperbole and I wonder what the persons state of mind is. Here are the facts for January. Gold is up 8.5%. Silver is up 10%. The PM stocks as measured by the HUI are up 23%. The bottom was in in November. If you are buying gold, silver and quality producing PM shares (junior producers for me) you are going to come out just fine. Those who think the PM shares are not going to do well may just miss the train.

Dr. P. Metals
Jan 30, 2015 - 6:15pm

LCS Report

Lots of sellers yesterday, today was slow. He seemed to indicate much more selling than buying yesterday, but there had to be some buying (see dimes). Evenly split action between Au/Ag. Everything is in stock, plentiful, no shortages. Coins, Bars, numismatics, everything...except all 90% dimes were bought yesterday.

batting500
Jan 30, 2015 - 6:05pm

Golden Cross...

I think that most regard THE"Golden Cross" to be a cross over of the 50 and 200 day SMA's, although in reading for this post I have seen that some regard any MA cross over to be eligible for a Golden Cross. Anyways, $GOLD has a 50 and 100 SMA cross over, thanks for pointing it out.

Can anyone give an opine on purchasing silver via Sterling Silver playable musical Flutes? The wife and daughter both play and I have seen antique ones for sale from $400 to $900 recently.

Good Luck All...

batting500

Marchas45
Jan 30, 2015 - 6:03pm

Negative Interest Rates

Really Makes Me Scared. Or Should I be Happy? But For Everything To Collapse (Especially The Derivatives) Interest Rates Need To Climb I'm Told. Keep Stacking.

Airgead
Jan 30, 2015 - 5:38pm

Well

Could it be?

AND Turd did a Jeffrey Christian imitation: I couldn't be happier!!

AIJ
Jan 30, 2015 - 5:24pm

Dow closed at it's low...

...just about 100 pts above the, "melt down to 15,000" gravity well.

Denver Dave said it well today,

"The Orwellian smoke blowing from Wall Street and DC is getting immensely thick. I’m not sure anyone in the brokerage industry, Congress or the White House is capable of telling the truth even if they felt compelled. I have a spooky feeling our system is really starting to fall apart behind the scenes…"

https://investmentresearchdynamics.com/pomp-and-circumstance/

bim jeam
Jan 30, 2015 - 5:22pm

How about...

Se20NE24

Havenstein
Jan 30, 2015 - 5:19pm

I stealing first

Great job Turd

ps. Hearing the fed members comment on rates today, my mind immediately turned to yesterday's fine yield curve education and I understood perfectly that they are full of BS and why. Thanks again Turd!

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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
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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

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