TFMR Podcast - Tuesday, January 31


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: OR 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,



Feb 1, 2017 - 9:10am


Goes back to what Turd has been saying all along: Abe's central bank pumps up the dollar to suppress gold. Yen lower to dollar as result of perpetuating the Ponzi scheme. Will wait to hear TF to see if I am sort of guessing right.

Feb 1, 2017 - 8:29am
Feb 1, 2017 - 6:12am

Japan rejects Donald Trump’s

Japan rejects Donald Trump’s yen manipulation charge

Prime minister Shinzo Abe insists Tokyo not intervened to devalue currency for years

Japan's PM Shinzo Abe: 'The kind of criticism they are making of yen manipulation is incorrect' © AFP

by: Robin Harding in Tokyo

Japan fiercely denied Donald Trump’s claims of yen manipulation on Wednesday as the presidential remarks triggered a slide in the dollar and raised one of Tokyo’s worst fears for the new US administration.

Officials from prime minister Shinzo Abe downwards said Japan had not intervened in the yen for years and respected its G7 and G20 commitments not to devalue the currency for competitive advantage.

Tokyo’s robust response highlights its fear that the Trump administration will target Japan because of yen weakness linked to easy monetary policies of the Bank of Japan.

“You look at what China’s doing, you look at what Japan has done over the years. They play the money market, they play the devaluation market and we sit there like a bunch of dummies,” Mr Trump said on Tuesday in a meeting with pharmaceutical company executives.

The reference to Japan is a change for Mr Trump, who has in recent weeks singled out companies that offshore jobs to Mexico. However, some US companies such as Ford Motor have longstanding complaints about Japan’s currency policy.

“The kind of criticism they are making of yen manipulation is incorrect,” Mr Abe declared in parliament, saying he was ready to explain it if necessary. “We entrust monetary policy to the Bank of Japan to meet the 2 per cent inflation target as appropriate.”

A widening gap between bond yields in Japan and the US has fuelled a fall in the yen since Mr Trump was elected. US yields have risen based on expectations of fiscal stimulus, whereas the BoJ has capped Japanese yen-year yields at 0 per cent

Most central bankers argue that currency weakness is a consequence, not a goal, of easy policy aimed at boosting inflation at home. The US regularly made the same argument to Japan when Tokyo was easing policy from 2009 to 2013.

Masatsugu Asakawa, Japan’s top currency official, said yen movements were driven by the market and monetary policy was aimed at escaping deflation. “Japan has not intervened in recent years,” he told reporters at the finance ministry.

Japan intervened heavily in the early 2000s to weaken the yen. It did so again after the 2008 financial crisis and most recently after the 2011 earthquake and tsunami in Tohoku.

But despite speculation about intervention as the yen rose to Y100 last year, Japan held back, under pressure from the Obama administration. China has not intervened in recent years either, although several jurisdictions not mentioned by Mr Trump — such as South Korea and Taiwan — are thought to be active in managing their currencies.

Feb 1, 2017 - 4:52am

All these support and resistance levels

don't seem to mean a lot these days.

Maybe they used to, but not so much anymore. CDG is pegged to USD /JPY.

That's about it.

Feb 1, 2017 - 4:00am

More Info That Communist Libtards......

will neither watch or comprehend if forced to watch.... 36:38

Feb 1, 2017 - 1:51am

@ SteveW. & Boing-Snap

You say, "The laetrile (B17) story has been around for decades and there is no study showing that it is effective against any cancer." That statement is basically true. There will not be any current studies on B 17 because the drug companies cannot figure out a way to completely control the market within B 17. However, we have spent months reviewing the testimonies of cured people over the last 25 years who used B17. We have also buried many friends and family who used chemo and radiation. I am tired of those funerals.

We would love to have seen success within the chemo/radiation treatment for our family. I would have my sister, Linda's sister, our best friends and the list goes onward. They tried it and are now in a different place.

There are many alternative cancer treatments out there. We are also trying several of them, however not chemo. We lived in a alternative hospital for a month in Mexico and saw for ourselves the many who came there looking for some hope as there doctors had radiated and chemoed them to the point of death. I cried too long and we were not just visitors but lived with these poisoned/burned people.

Yes Non-Hodgkins lymphoma is a horrible cancer. We know, we buried Linda's sister with that same cancer 12 months ago. They radiated and chemoed her, over and over and over until she weighed 80 pounds and was paralyzed from the waist down. I was asked by the family to officiate at the funeral.

So far, in our lives, we are batting zero with those who tried chemo and radiation. We are happy for you and your success. We are on a different pathway, a pathway outside of the trauma of the medical field. We study almost everyday, not just B17, but as many as thirty different approaches to overcoming cancer. We are feeling great and have a few things that we do every day. We skype with other cancer survivors who also have rejected the chemo and are doing great on other natural treatments. Jim

Jan 31, 2017 - 11:32pm



Submitted by RedRiver on January 31, 2017 - 2:21pm.

Hat Tip!


It would appear as the Central fund of Canada is suffering from some serious capping today. Despite volume up considerably it looks like the discount to NAV is going to widen further today, what gives?


Anybody have an answer for this question?

boomer sooner
Jan 31, 2017 - 10:38pm

Bank Fines

It's almost like the banks were "allowed" to violate the rules so the agencies could get some "under the table" funding. If the fines work like our state laws on bad checks and distinct attorneys, they are having a hey day.

Jan 31, 2017 - 10:32pm

Ukraine discussion

John and Steve will begin discussing Ukraine in three minutes.

Jan 31, 2017 - 10:29pm

Abby Martin Interviews Stephen F. Cohen

Empire Files: US-Russia Relations in "Most Dangerous Moment" Leading scholar on US-Russia relations addresses the claim being trumpeted by politicians and media on both sides of the political spectrum that Russia is now the "number one" threat to the United States. Given the proxy wars in Syria and Ukraine, Dr. Cohen tells host Abby Martin that the real alarming danger today is "a new, multi-front Cuban missile crisis."

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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

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

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