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 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 sierra skier, 3 hours 37 min ago
by Spartacus Rex, Dec 4, 2020 - 10:57pm
by Spartacus Rex, Dec 4, 2020 - 10:52pm
by ancientmoney, Dec 4, 2020 - 2:33pm