TFMR Podcast - Tuesday, January 31

52

A very interesting day today as major POSX weakness sent both Comex Digital Metals soaring higher. But let's not get ahead of ourselves. Tomorrow brings the FOMC Fedlines and the BLSBS is still looming for Friday. Regardless, though, this was a good day.

Just how good of a day was it? See below:

Next, after a general discussion of the day's events, we begin the chart parade with these two looks at the POSX:

And we also dissect the all-important USDJPY:

Here are updated looks at Comex Digital Gold (CDG) and Comex Digital Silver (CDS):

And we close with surging copper and a grinding HUI:

Lastly, don't forget that it's Tuesday. This means that if you're free at 10:00 pm EST tonight, you can stream John Batchelor and Professor Cohen through either of these links: https://player.listenlive.co/25211 OR https://player.listenlive.co/26491 I strongly encourage you to listen live if you can as the situation on the ground in Donetsk appears to be heating up by the day.

More tomorrow,

TF

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  52 Comments

  Refresh
Feb 1, 2017 - 10:05am

Again, this is remarkable

A 2-point drop and a 2-point rally...all within 27 hours.

joeblack
Feb 1, 2017 - 9:58am
JQuest
Feb 1, 2017 - 9:57am

I Hope...

Trump understands the extent the ESF, PPT and CB's manipulate the markets.

If he doesn't he needs to take a crash course in market manipulation, a good start would be to get a subscription to TF Metals Report.

Then sit down with the US Treasury, the Fed, the Black Budget boys, Chris Powell and Andrew Maguire and figure out the best way to return to honest markets.

Chances of this happening..?

ZERO !

ancientmoney
Feb 1, 2017 - 9:49am

For Trump to make America great again...

will require a dismantling of the fiat monetary system, and going back to a hard money standard, or at least the use of the freegold concept.

The fiat money system is the root of all fraud and manipulation. Fiat money can be created at will, either through the fractional reserve lending system, and/or by printing.

The only way a fiat money system such as we have today can last long-term is if everyone in it is 100% perfectly pure; a foreign concept to the foibles of humanity.

This world-wide fiat experiment is now 46 years old, and is held together by supermanipulation by all parties. We can't jail the banksters because we need them to keep the manipulations going to avoid collapse. What a sorry state of affairs.

The U.S. has been the big winner, as other countries sent us their real goods in exchange for fiat paper dollars, government IOUs, and digital computer entries.

The BRICs are creating a system that excludes use of the dollar. While their bankers will nver go to a gold standard, they may use a version of freegold to measure the value of their fiat currencies (against gold rather than other fiats). If the SDR gets used, and includes gold in its equation, that would be a sort of pseudo freegold concept.

lakedweller2
Feb 1, 2017 - 9:48am

@bh

Agree with your assessment under a somewhat credible economy. However this is Felon day and the HFTs alter reality to give the impression that the Fed is a legitimate activity. Fixed income assets should not have day to day massive swings for no fundamental reason unless there are no fundamentals. So I vote for Central Bank intervention as the reason for day to day irrational behavior of the markets

canary
Feb 1, 2017 - 9:47am

USD/JPY dirty games

At least, they do it sort of 'painlessly' for us...when we sleep.

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

billhilly
Feb 1, 2017 - 9:20am

another way to look at this...

...is to ask why is the USD so strong ??? Yes, I understand the argument that others weaken their currency through devaluation, yet, are we not forgetting that we have one of the few currencies where the Bonds of the nation actually provide yield ! Why would our currency NOT be strong in that environment ???

Just saying, sometimes the cause can come from our own side.

lakedweller2
Feb 1, 2017 - 9:17am

@Dr P

Great summary of the last 30 years or more.

lakedweller2
Feb 1, 2017 - 9:15am

USD/JPY

Speaking of which, how about that overnight recovery of the dollar and the decline of gold. So many overnight events that caused the reversals, I don't know where to start.....NOT.

Dr. P. Metals
Feb 1, 2017 - 9:14am

Ah yes

its always everyone else's fault (manipulation), except the Banksters. Lol

Well, it does seem like a good day for denial (and for fraud, greed, corruption, manipulation, hypothecation, re-hypothecation, naked shorting, swaps , leases, off balance sheet everything, accounting chicanery, lies, propaganda, jawboning, fake politics, fake news, fake science, fake religions, fake pretty much everything, etc, etc etc), and to slam the metals of course.

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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

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

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