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TFMR Podcast - Tuesday, December 4

What a humdinger of a day!

33

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,

TF

  33 Comments

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AngryCitizen
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.

Boggs
Dec 5, 2018 - 10:32pm

Old joke

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

SteveW
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.

AngryCitizen
Dec 5, 2018 - 9:37pm

Admin

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

Ozy

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)
Ozymandias
Dec 5, 2018 - 2:51pm

RE: Yelllow Jackets

I give up. Can't make it play Grrr!! Keep Stacking
Ozymandias
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

Palladium

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.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

mike97
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 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Forum Discussion

by silverseeker, Jan 14, 2021 - 10:12pm
by silverseeker, Jan 14, 2021 - 9:58pm
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by matt_, Jan 14, 2021 - 10:34am
randomness