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
infometron
Feb 1, 2015 - 10:36pm

Ouch

Snatching victory from the jaws of defeat, then snatching defeat from the jaws of victory. Worst play call I have ever ever ever seen in my life. Unbelievable, in beast mode with second and goal at the .5 and then... Whaaa???

The ONLY way Seattle can EVER not live with that defeat for the rest of their lives will be to come back and win Super Bowl L. Such a brutal way to lose, but having said that NE worthy of the victory. Seahawks now have some idea as to how the Packers feel. Ouch, ouch, ouch.

Terabyte
Feb 1, 2015 - 10:17pm

Brady lost the game.  Seattle

Brady lost the game. Seattle just handed it back to him.

Terabyte
Feb 1, 2015 - 10:16pm

I just want to ask one

I just want to ask one question... who the hell made that pass call?????

Libero
Feb 1, 2015 - 10:13pm

Yesssss!!!

Brady is the greatest. All time greatest. EVER!!!!

Biscuit
Feb 1, 2015 - 9:10pm

Fracking and Stacking

I frac. Been fracking over 30 years. Been telling folks the boom wouldn't last. Never does.

Friday morning I was in a meeting with four co-workers. By the middle of the day I was the only one still employed.

I stack. Been stacking about 7 years. Been telling folks silver and gold are real money. Have been. Will be.

Job? Who knows! Stack? Still there!

Dr. P. Metals
Feb 1, 2015 - 8:40pm

Link

I think someone may have posted this already, but it's worth reposting again anyway:

https://www.sovereignman.com/trends/heres-some-frightening-honesty-court...

Dr. P. Metals
Feb 1, 2015 - 8:38pm

RE: lbma default

we've heard it 1030423403 times...I'll believe that creature exists when it is actually seen.

Marchas45
Feb 1, 2015 - 8:06pm

@imfd They Are

I'm Kinda Sweet. LMAO Keep Stacking

imfdMarchas45
Feb 1, 2015 - 7:53pm

Mmmm...

I`ve always heard that monkeys are excellent judges of character, just sayin', :)

Safety Dan
Feb 1, 2015 - 7:45pm

Gold and silver prices are

Gold and silver prices are about to reset:

https://seekingalpha.com/article/2871836-lbma-data-points-to-gold-and-silver-default-video

https://www.youtube.com/watch?v=ACJzQ7GTEJ0#t=97

Discussion Notes:

1) Short recap key definitions and data for Listeners

Spot contract trading of metal - contract for trading immediate metal ownership; 90% of LBMA daily trading.

Open interest - the total number of ounces of gold for which there are trading positions (claims for metal) in the market.

Net settled clearing volume - the end of day net volume of trading when all of the credits and debits between members have been netted-out.

2) LBMA Data Points to Gold and Silver Default: LBMA report "Loco London Liquidity Survey" re. LBMA gold trading volumes (turnover) in Q1 2011 that daily gross trading volume is 10x the average net cleared trading statistics (as posted online at the LBMA website)

LBMA data analysis - data source here.

Another link to data points: https://www.safehaven.com/article/36534/lbma-data-points-to-gold-and-sil...

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