Hippity-Hoppity, Jackass On His Way

130

For your holiday weekend listening pleasure, here's 75 minutes of fresh Jackass, recorded yesterday in our A2A webinar format.

Among the items discussed over the course of the event:

  • the long-term significance of yuan-denominated crude oil futures
  • Fed policy and long-term interest rates
  • the US trade deficit and its impact
  • the possibility/likelihood of a Russian "silver ruble"
  • what impact de-dollarization may have upon US expats living abroad
  • the definition of the term "global reset"
  • and much, much more!

Thanks again to The Jackass for volunteering his time and sharing his wisdom.

TF

  130 Comments

silverflower
Mar 30, 2018 - 2:22pm

thanks for posting

That’s a great article and I just tweeted it.

You know, it’s funny. Bitcoin HODLers just go bananas and get VERY defensive whenever I suggest that the drop that began with the initiation of the futures is related to The Banks and their schemes. It’s as if they know it could be true but are scared to death to admit that their alleged system-breaking cryptocurrency and blockchain might not be all it’s cracked up to be in terms of being beyond the reach of The Criminal Bankers.

I wrote this simple explanation back in February and I stand by its logic and reasoning in reposting it here:

matt_
Mar 30, 2018 - 2:35pm

Manipulation of metals and bitcoin article

Why did the author choose 2011 as the year when the price of gold started to be suppressed? There were the same players in the gold market long before 2011.

matt_
Mar 30, 2018 - 2:37pm

Just to make his point, I guess

And I’m not saying that I agree with the entire article...but...as a tool for explaining Bank price manipulation to the crypto crowd, it does a nice job.

Mar 30, 2018 - 2:48pm

Again, this isn't complicated

And this is something with which the HODLers simply don't have experience.

We posted this uranium chart several times back in December in the run-up to the BTC futures. When uranium was priced solely upon physical supply and demand, the price skyrocketed. As soon as synthetic/digital supply was introduced to the market...well, you can see the long-term impact for yourself below:

BTC is only marginally different. Prior to 12/18/17, the primary fundamental affecting the price of Bitcoin was the supply and demand of the actual token. Now? Not so much.

NW VIEW
Mar 30, 2018 - 3:04pm

A Great Gulf between "I have and I'am!

Yep, Resurrection Sunday is coming. Our favorite, life changing celebration, giving a Great hope for the future, for whosoever will. Jesus did not say that He had a bucket full or a box full or a pill that could be taken, when needed, for Resurrection. Nope, He said something else and it takes revelation to grasp it. He said that He Himself is "Resurrection"!

<<<<<<<<<<<<<<<<<<<<<<<<<<<

25 Jesus said to her, “I am the resurrection and the life. He who believes in Me, though he may die, he shall live. 26 And whoever lives and believes in Me shall never die. Do you believe this?”

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Therefore, he who has received Christ within, being the Temple of the Holy Spirit, carries Resurrection Life with themselves, 24 hours per day and forever.The Lord "is' the Resurrection and not One who just has a bag full of eternal Life, being something eternal as the believer is always prepared for whatever comes forth. Jim (Have a wonderful Resurrection Sunday with your family).

Mar 30, 2018 - 3:58pm

Gold CoT terrible. Silver CoT actually improved.

No wonder The Banks had such an easy time jamming price backward $30 Tuesday and Wednesday. The gold CoT is terrible. While it has no doubt improved since the survey, this is a bad CoT. All sorts of bullishness after the FOMC and The Banks just blew everyone right back out as Apr18 expiry led to OI reduction of 30,000 contracts Wed-Thu. No surprise then that price is also right back to where it was before the FOMC.

In Comex silver, the Commercial NET short position grew back to 7,300 contracts....only due to silver Small Specs rushing to add longs. HOWEVER, at just 7,352 net short, this would have qualified as the smallest net short position on record prior to last week.

And, surprisingly, the Large Specs actually moved even deeper NET short by covering 1,886 shorts but also dumping 3,027 longs. This brings their total NET short position to a new ALLTIME HIGH of 13,657.

Lastly, as we discussed in yesterday's podcast, note the OI and price changes since the Tuesday CoT cutoff. Price fell 27¢ Wed-Thu but total OI rose by 9,800 to a ridiculous 229,252 contracts.

So, a reasonable guess at the CoT structure as of today would be:

Large Specs NET short: 20,000 contracts

Small Specs NET long 20,000 contracts

Commercials: Completely neutral/flat and maybe even NET long for the first time in reported history.

Angry Chef
Mar 30, 2018 - 4:12pm

“We Know Where Your Kids Live”: How John Bolton Once....

....Threatened an International Official

https://www.informationclearinghouse.info/49096.htm

And as an aside. GENIE Energy is the company stealing Syrian Oil from the Golan Heights and funding ISIS. And who is one of the Directors of GENIE Energy. The one and only Darth Cheney. You have the 2md Amendment for a reason.

canary
Mar 30, 2018 - 4:19pm
canary
Mar 30, 2018 - 4:21pm
silver10sguy
Mar 30, 2018 - 4:27pm

Thank You Turd for Insightful Interview

Turd, always great to enjoy a long holiday weekend with Jim Willie. Fascinating interview and I had to listen a 2nd time to absorb the information. #1 Turdville was commenting the other day about the sharp rise in prices of corn and soybeans as noted on FINVIZ. Jim commented that the USA had lost 2 trade deals recently with China with regards to GRAIN and SOYBEANS. That must be a factor going forward for prices for some of these commodities. Are we going to see some shortages? I wonder, hmm...... #2 Interesting to hear Jim say the dollar devaluation probably won't happen in 2018 yet continue to weaken for a host of reasons including the yuan/oil/gold. My first thought was a gradually declining value of the dollar gives us more opportunity to prepare and also make some good trades on inflation including miners, etc. Also if the RESET is gradual then hoping there is less of a chance of nationalization of the mining companies. We want to get some leverage and profits one day. #3 Jim talked about a likely Russian silver ruble that could have some sort of "SAVINGS" implication. That would certainly wake up some of the sheeple that gold and silver are "REAL MONEY." With the dollar weakening, silver production declining, investment/savings demand in silver would then grow rapidly, stock market and bond market challenges, and the silver market being smaller than a garden hose accepting the ocean it ALL SPELLS PRICE EXPLOSION. At least I hope so for Turdville!

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Recent Comments

by lakedweller2, Jan 27, 2020 - 11:10pm
by happycamper515, Jan 27, 2020 - 11:06pm
by waxybilldupp, Jan 27, 2020 - 11:04pm
by NW VIEW, Jan 27, 2020 - 10:27pm
by allenb, Jan 27, 2020 - 10:17pm

Forum Discussion

by NUGTCALL, Jan 27, 2020 - 7:41pm
by bruinjoe, Jan 27, 2020 - 5:58pm
by tonym9, Jan 27, 2020 - 3:40pm
by tonym9, Jan 27, 2020 - 2:18pm