Sponsored by

Here Comes Jackass Cottontail

It's a holiday weekend. You know what that means...

36

What's a holiday weekend at TFMR without a visit with our old friend, The Golden Jackass himself, Jim Willie.

Over the course of this call, we primarily update a few of the recurring themes we've been following for the past few years, namely...

  • Ongoing de-dollarization
  • The impact of the OBOR project
  • How the petrodollar and "trade-deficit dollar" support The Great Ponzi...
  • which all leads us to...
  • Why The Fed is permanently on a course of IQEF -- Infinite QE Forever

Please be sure to carve out some time for this audio over the weekend. It's only about 45 minutes so it's on point and focused. You'll be glad you gave it a listen.

TF

  36 Comments

  Refresh
Boggs
Apr 21, 2019 - 7:45pm
Apr 21, 2019 - 3:44pm

Sunday CoT thoughts

For the week, CDG was down $31...remember that the smash began after the March FOMC minutes on April 10.

Huge move in both categories. Large Specs reduced their NET long by 39,100 contracts t0 about 56,300. That's the lowest level since Dec 11, 2018. The Commercials reduced their NET short by 54,400 contracts. This is a HUGE amount. The largest one week NET short reduction since the survey of Dec 12, 2017.

While all that is interesting, it's the silver CoT that's most compelling.

We knew that the Lareg Specs were adding shorts simply because price is below the 200-day and, for the week, price fell 30¢ with total OI up 16,000 contracts. And they did add A LOT of shorts...but not as many as I expected with their NET long position falling by 10,500 contracts back to just 5,900 or so.

The crazy part is the Commercial GROSS long position. They added 15,451 contracts and, because they added so many, the Commercial GROSS short position actually had to go up, too.

So, check this out...The Commercial GROSS long position is now 94,236 contracts. This is a NEW ALLTIME HIGH exceeding the previous ATH of 91,362 contracts seen on the survey of Aug 21, 2018. And where was price on Aug 21, 2018? See below.

canary
Apr 21, 2019 - 12:05pm

Novo...hope

CDFund Discovery Day - Keith Barron & Quinton Hennigh

Miners are oversold, therefore a little bounce is possible. If so, I will sell some and add to Novo (possible Pacton Gold)...

Btw...After Chinese mega stimulus, I expect green shoots in global economy...and gold (charts broken) to resume selling to possible $1220-$1240 level, before early summer....Better second half of this year...Still below $1380.

Edit...Tere's been too much of me here lately....President Trump would say: "Not Good".

Angry Chef
Apr 21, 2019 - 11:27am

Four Thing That I Would Do

I could think of more than four but I would do the following:

1. Default and eliminate the debt. It was borrowed into existence and issued with Usury.

2. Bring the Fed under the US Treasury and have the Treasury create the money without usury.

3. Bring back the Constitution and Bill of Rights and enforce them so that this becomes the Rule of Law.

4. Stop the Wars. They don't serve the American people. They serve the Banksters. Or as Lyndon Larouche would say. "America has to stop being the British Empires dumb giant ".

I would also go back and arrest and collect every dime stolen from the US Treasury since August 16, 1971 when Nixon closed the Gold window. But lets start with the above and report back in five years.

canary
Apr 21, 2019 - 9:48am

If we're turning Japanese....

Same for Europe. Low growth and no inflation...than we have a problem, I think, because the US dollar will have nothing to devalue against. The gold cartel and the algos will do the rest. If the Fed comes with rate cuts and more QE, the rally in gold may be only temporary....Unless (and here is my hope), China and India will not succumb to the same gangrene as the West, and will continue to grow. Its huge population improving income will put more pressure on the physical demand for PMs.

If the whole world goes Japanese (West, East, North and South)...than our problems are over my head....me and my doggies will age being poor, hopefully staying healthy. Actually, we get quite a good exercise together.

boomer sooner
Apr 21, 2019 - 2:38am

Dave Collum interview by

Dave Collum interview by Quoth the Raven. Some good stuff. Caution, language not for young ears.

https://www.podbean.com/media/player/se2j4-ae903a-pb?vjs=1

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

J Siefert
Apr 21, 2019 - 2:37am

In British English...

... the "Short Hairs" are known as the "Short & Curly".

Ozymandias
Apr 20, 2019 - 11:10pm

The Fed surely doesn't want inflation

because they are smart enough people to know that if they stop paying interest on the 100's of billions excess reserves that currently have a velocity of zero, that money will instantly go into the economy with a boom to the inflation rate. The question is why are they still paying interest on that money if they really want an increase in inflation. I don't know but they might fear that it would be a Pandora's box or maybe just to keep the banks fat with minimal risk.

Think I'll just keep stacking!! Just my 7.425 grains worth.

hindsight101
Apr 20, 2019 - 11:00pm

dollar devalues against what???

That is my question. Unless inflation increases and gold inflates against the dollar.....It will be a while before a sustained rally for the metals materializes...delivery default is a possible motivation....but the banksters will cover it up.

cyclemadman
Apr 20, 2019 - 7:38pm

4 things but I'm not Angry Chef

If I were dictator in America I would:

1. Protect human life, abortion and assisted suicide would be made illegal.

2. Abolish the Federal Reserve.

3. Abolish the income tax.

4. Abolish federal agencies that shouldn't exist according to the Constitution. Which would be most if not all of them.

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

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 scoremore, Jan 15, 2021 - 11:31pm
by scoremore, Jan 15, 2021 - 10:47pm
by scoremore, Jan 15, 2021 - 10:44pm
by scoremore, Jan 15, 2021 - 10:00pm
by GoldHermit, Jan 15, 2021 - 9:56pm
by scoremore, Jan 15, 2021 - 9:37pm