Holiday Weekend Jackass


It's a sort of tradition around here that whenever we have a three-day market holiday weekend, we try to check in with Jim Willie. And this time, we used our A2A webinar format so that subscribers of TFMR were able to ask their own questions in real time. It was great fun and I think you'll find it all quite thought-provoking.

What topics did we discuss over this 97-minute call? Maybe a better question is...what topics did we not discuss? In this podcast you'll here Jim pontificate on Trump, Syria, North Korea, gold, China, gold trade notes, silver, the mining shares, the Fed, debt jubilee, interest rates, the dollar, platinum and even his thoughts on Journey entering the Rock-and-Roll Hall of Fame.

So sit back, relax and enjoy. And have a great holiday weekend, too.



Apr 17, 2017 - 9:10am

New World Order

A long but clear discussion of what "The New World Order" is ... and why it is important.

and.... why Trump has a nearly impossible task of being successful ...

and maybe why gold and silver are held under complete control ... and what are the chances of it being freely traded...

Apr 17, 2017 - 8:55am


Just another great example why TFMR has the best collection of independent minds in the blogosphere. It is second to NONE!

Apr 17, 2017 - 8:27am

Just for my own sanity

I like to mix, usually depressing or manipulated news with other things.

Here are two that I found interesting.

You don't have to view all the clips if you don't have time but the first one is under 2 minutes and shows a guy being hit without flinching including several hits to the nuts.

This ones shows the work of a little girls painting of Jesus and Heaven, from what she recalled for the age of 4.

I only listened to the first two segments, about 10 minutes. Truly remarkable.

Now, hopefully, I can remain sane while watching the banskers abuse us. Well, maybe not, bastards!

Maestroancient Egyptian...ex-canary
Apr 17, 2017 - 8:08am


Swiss wet T-shirt contest

Apr 17, 2017 - 7:49am

Seems to be a complete media blackout

Nothing on NK, Russia/China/US in the news.... Gold totally under control.... hmmmm ... Maybe there is nothing to get excited about .. or maybe there is... lol

ancient Egyptian...ex-canary
Apr 17, 2017 - 2:42am

Since Europe is on holiday today...

When the New York traders show up for work this morning....I do not expect anything good for us.

It's traditionally called Wet Monday, after all

  Image cannot be displayed

Key Economic Events Week of 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

ancient Egyptian...ex-canary
Apr 17, 2017 - 2:07am

Low volume?......Stock Markets closed on Monday

Australia, Austria, Belgium, Denmark,Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Netherlands, New Zealand, Norway, Poland, Portugal, S. Africa, Spain, Sweden, Switzerland, U.K.

Apr 17, 2017 - 1:47am

2nd Gas Attack

Trump probably end Meals on Wheels or close a children's Hospital.

Apr 17, 2017 - 1:23am

What is Trump going to do now?

ISIS launches 2nd chemical attack in Mosul in 2 days, injures 6 Iraqi soldiers

Apr 17, 2017 - 1:18am


just a comment (as I am printing my tax returns)

I said earlier I like JNUG and NUGT more than ever. I do.

But a caveat--I understand the strengths and weaknesses of both (that I am aware of). There are strengths and weaknesses on all products.I still feel the risk reward aspect is very good.

There is no such thing as a free lunch.

You get what you pay for, sometimes.

The problem with the overall stock market and bond market is investors and professional investors for the most part are ignoring risk and being nonchalant about valuations.

for crying out loud, we are at 28 times GAAP earnings plus due a buyback adjustment which puts PE over 30--with an economy that probably is contracting and the .5 annual atlanta Fed growth is overstated by a few percentage points.

Retail reported by government sucks on its own at literally flat the first qtr including the inflation the government says it is (around 2-3%).

28 times earnings, no growth-maybe low 30's. There used to be a PEG ratio (there still is but its ignored) where you did not pay a higher PE than growth to assure an appropriate and doable ROI. With no growth and it appears to be systemic rather than just a cycle, pe's should be single digit -that tells me we could see a 70% selloff in markets rather easily when the dam breaks.

Devastating to America.

Illinois released a month review of cash flow last week--said Feb was down 12% total tax revenues and March looks like it is in a freefall.

This economic decline is not like one we have seen before. Not here at least. Its time to get real real careful.

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Key Economic Events Week of 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

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