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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 4, 2018 - 5:22pm

First again

Two days in a row. I guess I should buy a lottery ticket because my investment in miners sucked this year. Today that's not true as Garabaldi was up 13%, Irving up 10% and Westhaven up 4%.

Dec 4, 2018 - 5:30pm
TF Metals fan
Dec 4, 2018 - 5:33pm


What a day!!

Dec 4, 2018 - 6:03pm


Anybody have any idea why Provident Metals would be selling 1 oz. palladium bars for $10 under spot and Canadian maple Leaf palladium coins for the same price? I thought there was a shortage causing the price rise and premiums should be high.

Thomas More
Dec 4, 2018 - 6:23pm

What a difference a day makes

Dinah Washington: What Difference A Day Makes

Good Night

Still haven't figured out how to post a song.

Stackable sakelley
Dec 4, 2018 - 6:31pm

Palladium at Provident Metals

It says they are on sale. Provident may be taking advantage of the high prices to raise some cash.

Dec 4, 2018 - 6:42pm

Provident was one of the dealers offering $100

over purchase price for the Pd coin that the U.S. Mint issued a month or so ago. I tried to buy one and it was sold out in minutes.

sakelley Stackable
Dec 4, 2018 - 6:55pm

Last week they were on sale

Last week they were on sale at spot. Makes me wonder if this is not a contrived shortage for one reason or another. if there really is a massive shortage, the premiums should be very high. Maybe I am missing something here. This is the first time I have ever seen a precious metal being sold for under spot since back about a decade ago or so when constitutional silver could be bought for under melt value. Something about this whole palladium thing just does not smell right.

Dec 4, 2018 - 7:06pm

So who's the sucker...

So who's the sucker...

1. The guy giving up his physical palladium or...

2. The guy leasing it at 22%

Possibly both

Dec 4, 2018 - 7:20pm

Debt Clock Math

After looking at the debt clock Turd posted today, I grabbed a broken pencil and a napkin. A hair over 10 years ago Bush's fiscal year 2008 ended and saw the debt at approx. 9.5 trillion. The history books were then 'doctored' years later to show 10.2 trillion in honor of his TARP loan of 700 billion even though it was all paid back to Obama (spent). Taking today's total of 21.8 trillion and deducting Bush's original 9.5 trillion we get 12.3 trillion total accumulated debt over 10 years for a yearly average of 1.23 trillion per year. Mind blowing when you realize it's only going to get worse. We are watching the train wreck, collapse, pile up in slow motion.

The you realize.....

The Power of Gold

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 5/28

5/28 10:00 ET Consumer Confidence
5/30 8:30 ET Q1 GDP 2nd guess
5/31 8:30 ET Personal Income and Consumer Spending
5/31 8:30 ET Core Inflation
5/31 9:45 ET Chicago PMI

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

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