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TFMR Podcast - Tuesday, December 4

What a humdinger of a day!


It was a wildly volatile day with huge moves in both the stock and bond markets. All the while, Comex gold held firm with a stronger yuan. With the US "stock market" closed tomorrow, more craziness is definitely in store for later this week.

After a lengthy general discussion, we begin today by urging you to read this week's post for Sprott Money: https://www.sprottmoney.com/Blog/what-is-mr-palladium-telling-us-craig-h...

And now check this tweet from David Jensen and the latest palladium chart:

Next we discuss the POSX and the S&P:

And we close with updated charts of CDG and CDS:

Lastly, don't forget that it's Tuesday. If you're free at 10:00 pm EDT tonight, you can stream John Batchelor and Professor Cohen at great radio stations such as WABC in New York or WMAL in Washington. Though we'll post the recorded copy on Wednesday, I strongly encourage you to listen live if you can find the time.

More tomorrow,



Dec 6, 2018 - 12:59am

Switch search engines

@AngryCitizen, you want an honest answer? When searching for technical info and documentation, duckduckgo is not very good. Every time I've tried to use it, Google is far more precise and returns better results.

I sure hope they can someday reach a level on par with Google, but they are not there yet.

Dec 5, 2018 - 10:32pm

Old joke

What’s the difference between John Wayne and Jack Daniels?

Dec 5, 2018 - 10:17pm

Huawei's CEO arrested

in Vancouver during change of flights and awaiting extradition to U S on charges of trading with Iran.

Just part of extraterritorial application of US sanctions.

Dec 5, 2018 - 9:37pm


Why don't you switch search engines? The more people that do switch, the less powerful gurgle becomes. duckduckgo.com Just sayn'
Dec 5, 2018 - 9:35pm


You can fly a Bonanza, (IFR?) and you can't figure out a little 'puter problem?

I know, I know. Flying is easy compared to this stuff.

From Network: Mad as hell and not gonna take it anymore!

I'm as mad as hell, and I'm not going to take this anymore! Speech from Network (1080p)
Dec 5, 2018 - 2:51pm

RE: Yelllow Jackets

I give up. Can't make it play Grrr!! Keep Stacking
Dec 5, 2018 - 2:35pm

It is not just the Yellow Jackets that are singing this song.

This sentiment is growing around the world and is reshaping the world, slowly at first and then suddenly!

Do you hear the people sing? Singing the songs of angry men?
It is the music of the people who will not be slaves again!
When the beating of your heart echoes the beating of the drums
There is a life about to start when tomorrow comes!

Sung in 17 different countries.

Les Miserables: Do you hear the people sing: Sung by 17 Valjeans from around the world
Dec 5, 2018 - 1:12pm


What we need is a 3x palladium ETF for options and daytrading so we can all get rich quick. I'd go broke for sure!

Thanks for the head's up Turd, though you should probably take the day off.

I have a friend who’s a retired anthropology teacher. Years ago, he is to take students down to some country in South America to dig around in ancient ruins. He and his students would take a helicopter to get into the dig site. On one of the trips the helicopter pilot mentioned to him that they are to keep their eyes open for platinum nuggets in the creek and around the edges of the creek. So they did. My friend found a couple of nice nuggets and sold them to the helicopter pilot at something under spot price. But it was a significant amount of money, enough to pay for their transportation in and out of the dig area via helicopter with some left over to cover other expenses.

Frankly, I don’t see any reason why the cartel isn’t going to get control of the price of palladium and platinum using the same means they have for silver gold and bitcoin. They just have to make it through this palladium delivery disaster first. Then my guess is they’ll bring the hammer down on some speculators, buy their way out of the problems, and set up some pretty severe manipulative price control mechanisms.

Call me cynical.

But I still hold some hope with Turd that this current situation might expose Comex, and could possibly lead to a delivery failure, lawsuits, forcing a federal judge to look into the criminal dealings at the Comex exchange.

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Dec 5, 2018 - 10:43am

Garibaldi and Novo

Garabaldi has a Vancouver presentation tomorrow afternoon but no NR as of yet. However the stock is up 23% today on top of yesterdays 13%. Anybody know if there is substantive news coming or is this just a short covering squeeze. Anyways Eric must be happy as I know I am. Novo resources is having their AGM this morning in Vancouver. News probably not until 3PM today. Moriarity of 321 Gold has implied that it could be important in Sprott trying to control the company

Dec 5, 2018 - 10:12am

more gains today

Palladium futures up another 1.5%. Spot is up more than 2%!

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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

Key Economic Events Week of 4/12

4/13 8:30 ET CPI
4/13 12:00 ET Goon Harker
4/14 8:30 ET Import Price Index
4/14 12:00 ET Chief Goon Powell
4/14 2:45 ET Goon Chlamydia
4/15 8:30 ET Retail Sales
4/15 8:30 ET Philly Fed
4/15 8:30 ET Empire State Manu
4/15 9:15 ET Cap Ute and Ind Prod
4/15 2:00 ET Goon Daly
4/15 4:00 ET Goon Mester
4/16 8:30 ET Housing starts

Key Economic Events Week of 4/5

4/5 9:45 ET Markit service PMI
4/5 10:00 ET ISM service PMI
4/5 10:00 ET Factory Orders
4/6 10:00 ET JOLTS job openings
4/7 9:00 ET Goon Evans
4/7 12:00 ET Goon Barkin
4/7 2:00 ET March FOMC minutes
4/8 12:00 ET Chief Goon Powell
4/9 8:30 ET PPI
4/9 10:00 ET Wholesale inventories

Key Economic Events Week of 3/29

3/30 9:00 ET Goon Quarles
3/30 10:00 ET Consumer Confidence
3/30 2:30 ET Goon Williams
3/31 8:15 ET ADP Employment
3/31 9:45 ET Chicago PMI
3/31 time TBA Biden Infrastructure speech
4/1 9:45 ET Markit Manu PMI
4/1 10:00 ET ISM Manu PMI
4/1 10:00 ET Construction spending
4/2 8:30 ET BLSBS

Key Economic Events Week of 3/22

3/23 9:00 ET Goon Bullard
3/23 12:00 ET CGP and Mother on Capitol Hill
3/24 8:30 ET Durable Goods
3/24 9:45 ET Markit Flash PMIs March
3/24 10:00 ET CGP and Mother on Capitol Hill
3/25 8:30 ET Q4 2020 CDP final guess
3/25 12:00 ET Goon Bostic speech
3/25 3:45 ET Goon Chlamydia speech
3/26 8:30 ET Personal Income and Spending
3/26 8:30 ET Core Inflation
3/26 10:00 ET Consumer Sentiment

Key Economic Events Week of 3/15

3/15 8:30 ET Empire State Index
3/16 8:30 ET Retail Sales
3/16 8:30 Import Price Index
3/16 9:15 ET Cap Ute and Ind Prod
3/16 10:00 ET Business Inventories
3/17 2:00 ET FOMC Fedlines
3/17 2:30 ET CGP presser
3/17 8:30 ET Philly Fed

Key Economic Events Week of 3/8

3/8 10:00 ET Wholesale Inventories
3/10 8:30 ET CPI
3/10 2:00 ET Federal budget
3/11 8:30 ET Initial jobless claims
3/12 10:00 ET JOLTS job openings
3/13 8:30 ET PPI
3/13 10:00 ET UMich sentiment

Key Economic Events Week of 3/1

3/1 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 1:00 ET Goon Brainard
3/3 9:45 ET Markit Service PMI
3/3 10:00 ET ISM Service PMI
3/3 12:00 ET Goon Bostic
3/3 2:00 ET Goon Evans
3/4 8:30 ET Unit Labor Costs
3/4 10:00 ET Factory Orders
3/4 12:00 ET Chief Goon Powell
3/5 8:30 ET BLSBS

Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
2/26 9:45 ET Chicago PMI
2/26 10:00 ET UMich sentiment

Key Economic Events Week of 2/15

2/17 8:30 ET Retail Sales
2/17 8:30 ET PPI
2/17 9:15 ET Cap Ute and Ind Prod
2/17 10:00 ET Business Inventories
2/17 2:00 ET January FOMC minutes
2/18 8:30 ET Initial jobless claims
2/18 8:30 ET Import price index
2/18 8:30 ET Philly Fed
2/19 9:45 ET Markit Feb flash PMIs

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