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!



Jan 31, 2015 - 9:03pm

@ Libero Re: Pats

I'm all for some Super Bowl tit for tat! What did you make of my previous assessment? (Geez, no one even checked my math!-) I hope Sherman and Thomas are at least near 100%. Hawks need them to be, even if Brady can't throw with deflated balls ;-)

I was shocked the Pats traded Welker to the Broncos, but after watching Edelman for a couple seasons, I get it. That gutsy fake field goal the Hawks pulled on the Pack, and Edelman's touchdown pass against the Colts (er, Ravens, that was) indicates to me that neither of these teams will hesitate to be creative. I love that (that's why I've also been a life long fan of the Dolphins).

I'm expecting some major collisions between Chancellor and the Bronk. Wouldn't surprise me if they both end up laying on the ground in a mutual dazefest a time or two. Wishing all the players a safe game, good sportsmanship, and a classic finish. May the better team win, nay, go Hawks!

Fred Hayek
Jan 31, 2015 - 8:42pm

From Stockman's site kind words for Prof. Cohen

The article at the link below is on David Stockman's site. The author, Robert Parry, says some very nice things about professor Stephen Cohen's scholarship and integrity in reporting on Russia. He excoriates the deserving target Tom "inexplicable success" Friedman of the ny times. He shows that Cohen has a long track record of sober and cogent analysis of Russia while the question Friedman should be concerned with is not the who, what, where, when and why of journalism but whether you want fries with that order.

Jan 31, 2015 - 8:09pm

Thanks SS

Just curious. But you're in good company, as at least the last 3 A2A guest when offer 1300 fiats, in the Final 4, to buy Au or Ag......went Ag without hesitation.

FWIW, I hold over 100/1 silver to gold.

Jan 31, 2015 - 7:53pm


ALL was lost in a boating accident

But yes, Only Silver -AND- Gold are Money.

It's just that right now, 1 oz pieces of .999 is the play.

There were both in the boat. But the play is still .999 Ag, and if the accident hadn't happened i would be more than happy to do an even Au for Ag swap at the current GSR.

Jan 31, 2015 - 7:32pm


Don't get me wrong, I'm a silver enthusiast all the way. But just out of curiosity, do you have any gold nuggets mixed into to that boat load of silver you're sporting?

Jan 31, 2015 - 7:29pm
Jan 31, 2015 - 7:26pm



It just occurred to me that long ago there was some rumblings about Goldman Sachs helping Greece to falsify it's book to make them eligible to enter the Euro union. What if Greece now comes clean and admits it's previous "leaders" and Goldman were cooking the books? Could they not use that as leverage covertly or overtly, to spit out the hook in their mouth? And isn't Mario D. an X Goldman boy? Man would I like to see Mario in the hot seat.

All the while Alexis Tsipras has Russian Special Forces Covering his ass everywhere he goes. Suddenly poker face Mario would be forming beads of sweat.

Jan 31, 2015 - 7:04pm


A stunning new report circulating in the Kremlin today prepared by the Ministry of Foreign Affairs (MoFA) states that President Putin has ordered an immediate deployment of at least 125 special forces operatives to Greece to “insure the protection of life at all costs” of that nations new Prime Minister Alexis Tsipras.

Jan 31, 2015 - 6:58pm


The Hawks!

Jan 31, 2015 - 6:51pm

Infometron: Go Pats!

I can't believe the lack of super bowl talk on this site. Ukraine, estonia, Sarah Plain too? But no Super Bowl tit for tat. Maybe no one wants to admit to deflation scenario. I wonder who Putin is rooting for?

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Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

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