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
James Crightonflyinkel
Feb 1, 2015 - 2:59am

@flyinkel

Thanks for saving me that all-important time inkel - I'm not as young as I used to be and every waking minute is precious!

I suppose that Turd had no choice but to put it up here - if he did not he could been accused of trying to hide it. It's tough at the top.

Turd, we know you know your oats - your track records proves it - as others have said, your predictions for this week past were more than sufficient to cover ten years of subs to the site!

jc

smcpvalu
Feb 1, 2015 - 2:21am

SS my bad ! Your are correct

But you can bury the same amount of gold with a spade and save the 185. Different strokes.

SS121
Feb 1, 2015 - 2:10am

never too much Silver

This full pallet (5 high) would be 25,000 oz of silver

you could sleep late, rent a piece of junk backhoe

like this one-

<--- per day $185.00

And easily have it all buried and filled with pretty flowers planted on top before lunch.

Some see a glass half empty, some see a glass half full, some see a drowning hazard.

ks

flyinkel
Feb 1, 2015 - 1:46am

Sorry Chilly D interview a total waste of time

Put an informed guest with an imbecile and this is what you get, a total waste of time. Chilly D wasn't there to learn, he never gave hard solid facts or counter analysis other than an argumentative tone. Surprised Chilly D knew the word "pontificate". That's 23 minutes (just had to stop, too mind numbingly bereft of honest 2 way discussion) I'll never get back and 41 minutes Turd will never get back. So either Chilly D is really about a 70 IQ or this was an attempt at a drive-by creditability "hit shot" gone awry because the interviewer wasn't capable enough to handle Turd.

If you are time constrained, I recommend a "pass".

smcpvalu
Feb 1, 2015 - 1:42am

Sorry about the double post

Anyway, if you want to buy 13 million in metal then you have to buy gold because that much silver is just a pain in the ass to store. Besides it's so much silver that you can't get it up from the bottom of the lake.

So, it's all in the question.

smcpvalu
Feb 1, 2015 - 1:35am

This answer is the question

if you are gonna buy $1300 of gold or silver then silver is cheap versus gold right now. But if you are gonna buy $130000 then storing silver becomes somewhat of an issue. And if you are gonna buy $1,300,000 of metal well where and how are you gonna store that much silver?

You can put 1.3 million of gold in a boot box. You can store 1.3 million of silver in a small closet. Transport is another problem in case you want to bug out.

I met a guy with 50000 ounces of silver and he has it stored in 4 places and 2 countries. Can't exactly stand in front of it with a shotgun and defend it all.

smcpvalu
Feb 1, 2015 - 1:35am

This answer is the question

if you are gonna buy $1300 of gold or silver then silver is cheap versus gold right now. But if you are gonna buy $130000 then storing silver becomes somewhat of an issue. And if you are gonna buy $1,300,000 of metal well where and how are you gonna store that much silver?

You can put 1.3 million of gold in a boot box. You can store 1.3 million of silver in a small closet. Transport is another problem in case you want to bug out.

I met a guy with 50000 ounces of silver and he has it stored in 4 places and 2 countries. Can't exactly stand in front of it with a shotgun and defend it all.

SteveWgazzmann
Feb 1, 2015 - 1:00am

@gazzmann: GAAP accounting

"how can central banks report 2014 inflows of 207 tons from the NY Fed, while said NY Fed only reports 177 tons of outflows."

https://www.zerohedge.com/news/2015-01-31/did-federal-reserve-make-major...

It all has to do with exactly how the NY Fed keeps its ledgers. If the Ukraine gold never really physically gets to the Fed then it isn't booked in but when its received by other central banks the origin is noted as the NY Fed. What exactly is the difference, 30 tonnes? Well that's a coincidence. Remember there are no coincidences.

SteveWtyberious
Feb 1, 2015 - 12:42am

@ tyberious: Greece

The only thing I find surprising about the story that Putin has sent special forces to protect Greek leaders is that it became public so quickly. Given the recent Russian overtures it's an obvious part of the package.

Given the current geopolitical state, the Prime Minister has to be a prime target and other ministers lesser targets. I imagine there are already well developed plans to take him out. I wonder, if there are limited ways of accomplishing this task, how much collateral damage TPTB are prepared to accept. If I were a EU minister I'd be quite wary about meeting with any Greek equivalent.

DeaconBenjamin
Jan 31, 2015 - 11:38pm

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Recent Comments

by Libero, 5 min 30 sec ago
by Turd Ferguson, 20 min 57 sec ago
by bikerdoc, 21 min 27 sec ago
by Orange, 33 min 26 sec ago