TFMR Podcast - Wednesday, July 11

56

It's not every day that we urge you to listen to the podcast. However, as we struggle to understand the now-obvious correlation between Comex gold and the Chinese yuan, today's discussion is something you need to hear and consider.

We begin by noting that today was the worst day in nearly three years for commodities in general:

So then we try to connect the dots. Maybe we're onto something, maybe we're just chasing ghosts. Either way, I urge you to listen to the discussion, study these charts and give this information your consideration.

Comex silver was also taken to the woodshed today, falling another 1.6% and hanging perilously close to last week's lows:

And finally, after laying out a lengthy case, we close with these two charts. They're no fun to consider but, given all of the extraneous circumstances here in the summer of 2018, a look back at the summer of 2008 seemed appropriate and necessary.

Thanks for listening,

TF

  56 Comments

Harley
Jul 11, 2018 - 5:04pm

1st

Golden!

Jul 11, 2018 - 5:06pm
willsilvaa
Jul 11, 2018 - 5:06pm

second..for the ag....tx TF

now to listen cheers

Mikey Riley
Jul 11, 2018 - 5:18pm

Bam!

Pulled the trigger, got 500 silver krugerrands from SD Bullion for $1.79 over spot

CC Horses
Jul 11, 2018 - 5:22pm

New Tariff List

Gold not listed that I saw. But Silver was.

The new tariff list broadens the types of goods caught up in the trade war by targeting items like seafood, minerals, chemicals, and personal care items, such as shampoo and soap. It also includes a number of consumer products such as handbags, luggage, gloves and paper.

Manganese ores and concentrates including ferruginous manganese ores & concentrates with manganese content over 20% calculated on dry weight 2603.00.00 Copper ores and concentrates

2604.00.00 Nickel ores and concentrates

2605.00.00 Cobalt ores and concentrates

2606.00.00 Aluminum ores and concentrates

2607.00.00 Lead ores and concentrates

2608.00.00 Zinc ores and concentrates 2

609.00.00 Tin ores and concentrates

2610.00.00 Chromium ores and concentrates

2611.00.30 Tungsten ores 2611.00.60 Tungsten concentrates

2612.10.00 Uranium ores and concentrates 2612.20.00 Thorium ores and concentrates

2613.10.00 Molybdenum ores and concentrates, roasted

2613.90.00 Molybdenum ores and concentrates, not roasted

2614.00.30 Synthetic rutile

2614.00.60 Titanium ores and concentrates, other than synthetic rutile

2615.10.00 Zirconium ores and concentrates

2615.90.30 Synthetic tantalum-niobium concentrates

2615.90.60 Niobium, tantalum or vanadium ores and concentrates, nesoi

2616.10.00 Silver ores and concentrates

2616.90.00 Precious metal (other than silver) ores and concentrates

2617.10.00 Antimony ores and concentrates

2617.90.00 Metal ores and concentrates,

https://theeconomiccollapseblog.com/archives/an-absolutely-epic-escalati...

Ronnie 666
Jul 11, 2018 - 5:35pm

If this is a 2008 rerun

A few things to remember

1. The debt is much bigger and the events that unfold are going to be much worse.

2. When gold and silver prices collapsed in 08 - good luck finding any metals. Premiums soared and made up for any price collapse.

3. Related to point 2 - the Chinese will not be the only ones loading up on gold so it’s time to perhaps start watching premiums on silver and gold.

4. WTF is going on with my good friend Rhodium up $60? There may be a real shortage.

thanks Turd great podcast... nothing to fear if you hold metals - everything to fear in paper.

dangerkitty
Jul 11, 2018 - 6:10pm

JM Bullion

JM Bullion, from my past experiences, they're good people, I purchased silver with bitcoin, super lightning fast delivery too.

CC Horses
Jul 11, 2018 - 6:15pm

Not sure that China even

Not sure that China even exports silver. They certainly don't export any gold!

SteveW
Jul 11, 2018 - 6:37pm
scoremore
Jul 11, 2018 - 6:44pm

CME...

What the hell happened in the CME today?

Buy orders not getting filled because of malfunction?

Total joke...

Busy at work...Did I understand that right?

Going to the ball game with the father in law...

Back later to see if Craig and you all comment on this....

https://www.zerohedge.com/news/2018-07-11/cme-exchange-reports-widesprea...

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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