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TFMR Podcast - Thursday, January 31

This is a free public podcast. Given the circumstances, you should take time to listen.


It was a decent day as a follow-up to the fireworks of yesterday. And now we await the BLSBS tomorrow, aware of the fact that we've had a pretty nice 5-day run and we may be due for a brief pullback.

But for today, we simply assess where we've been, where we are and where we're heading. As to the latter, the biggest signal of future Fed policy is coming from the bond market, so that's where we begin the discussion today.

Though we don't want to overlook the importance of the POSX:

We check the updated charts of both CDG and CDS:

And we close with another check on the mining shares.

Thanks for listening and be ready for a very interesting end to the week tomorrow.


p.s. Due to the circumstances, I thought we'd make this a public podcast as an example of what we do here every day. Membership at TFMR is just $12/month or 40¢/day and a subscription in 2019 has never been more valuable. Therefore and for a limited time, all new subscribers have an opportunity to receive half off their first month subscription. Simply visit this page: www.tfmetalsreport.com/subscribe and then enter the coupon code MAXOUT2019 at checkout. Now's the time to join us at TFMR. 2019 and 2020 are going to be terrific years for precious metal investors. Don't miss out on the fun!


Jan 31, 2019 - 5:47pm


Yes! Top of the podium! I can see Russia's gold stack from here . . .

Jan 31, 2019 - 6:25pm


Back before 2008 I felt something was wrong in our country but there was no ‘connect’ for me on the internet to help realize what is was. Then the collapse of 2008 occurred and the internet lit up. I would eventually find a spot called Zerohedge that was filled with articles that kept me very busy and fed my craving for understanding what was going on; I felt I was getting the truth or rather the real news. I also read the comments section as a bonus and there were some great postings/comments. One particular poster in the ZH comment section called himself Turd Ferguson commented on gold. Why gold?, I began gravitating toward his posts as I just didn’t understand the gist of gold. I then began researching gold and not skipping over gold related articles as I did before. The more I read the more I became educated of not just gold but also the monetary system, it was then TF’s posts made sense to me.

TF’s posts began to slow down at ZH. I would eventually find TFM and became a member before I purchased any PMs. The reason I purchased the PMs was based on my own education/beliefs and not TF’s opinion. Never, not even one time, do I remember TF ever telling me to buy PMs. The decision was mine and mine alone and it was a decision that I am still very glad I made. My investment into PMs is not a about a quick profit but an insurance policy against a very abused, very long in the tooth, fiat currency system loaded with debt. Being a member at TFM has given me an amazing education but also affirmed a crazy belief that crossed my mind a long time ago: is it controlled? I have no problem believing the control/manipulation is real but also the reason as to why – Gresham’s law. Real money will destroy the banker’s free lunch. In fact years back my belief was “is everything controlled?”. Just watching the FED, the stock market, the MSM, etc. as well as reading some great posts by all here gave me my answer.

Years back men paid to subscribe to Playboy as they like to read the articles. Me? I never subscribed but I did like to just look at the pictures, I skipped the articles. As of today I am much older and subscribe to TFM. For me it is mentally gratifying to be around like minded folks. We are all on the same level, connected and in tune (most of the time). My subscription allows TF to work full time toward doing what he does best and that enriches me. TFM brings me sanity from what seems to be an insane world. Therefore I am not leaving. The new website is great and Ron is to be commended for not only doing a great job in general but also his amazing attentiveness and quick rectification of the problems we encountered as the new site progressed.

I appreciate this site and your hard work, effort and dedication Mr. Hemke. Things are starting to get exciting and someday we will all be taking a victory lap together!

Jan 31, 2019 - 6:39pm

Thanks Turd.

Taking Charlie's spot.


Jan 31, 2019 - 6:46pm


okay I admit I am a single white hetero male. Is it just me or are you using software to track my preferences?

Today I am seeing an advert for beautiful polish women that want to date me. Yesterday it was Russian girls.\

WTF is going on here. Is it that the only way a guy can run an online business is to get into the rabbits hole

of suckering hot blooded males with bait?

Jan 31, 2019 - 6:59pm

everything is proceeding as i have foreseen:)

<iframe width="560" height="315" src="https://www.youtube.com/embed/LAf0QnLFS7Q" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Jan 31, 2019 - 7:19pm


Those google ads are personally predicated by the existing cookies on your computer.

For example, you'd get fishing ads if you visited fishing sites all the time.

In this case, you get "date hot polish women" ads because....

Jan 31, 2019 - 7:26pm

I'm the one who likes the pictures.......

where are mine? I don't see them?

Jan 31, 2019 - 7:50pm


Don't blame that on Turd's ads. Brolgaboy you're a bad boy 😂

Jan 31, 2019 - 8:08pm
Jan 31, 2019 - 8:37pm


simply not the case. Not a big deal but really what the heck?

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

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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

Forum Discussion

by goldcom, 2 hours 28 min ago
by Turd Ferguson, Jan 28, 2020 - 6:06pm
by Turd Ferguson, Jan 28, 2020 - 6:05pm
by NUGTCALL, Jan 28, 2020 - 5:16pm
by tonym9, Jan 28, 2020 - 1:13pm