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TFMR Podcast - Friday, December 13

127

I'm not sure why but I've decided to make this Friday wrap-up podcast publicly available for all. Please feel free to have a listen and then pass along the link to anyone who benefit from listening.

And by the way, there's really nothing special or significant in this podcast. It may be a little more upbeat than usual, given that we actually finished the week with green candles for the weekly charts. Other than that, I guess it just represents what we do here, day after day and week after week. A written post in the morning and a summary podcast in the afternoon. Friday's come with an added look at the Commitment of Traders report.

So, please sit back and have a listen. After a general discussion of the day's events, we review these charts in order. Follow along, if you can.

And we close the week with a look at those CoTs...which came in almost precisely as expected.

Thanks for listening. Have a great weekend.

TF

p.s. If you'd like to learn more about a subscription to TFMR, please click here: www.tfmetalsreport.com/subscribe

  127 Comments

AgAuMan
Dec 13, 2019 - 5:39pm

1st

gold

TF Metals fan
Dec 13, 2019 - 5:47pm

silver?

Silver it is! Not bad for a stressy week!

chrtoo
Dec 13, 2019 - 5:54pm

First!

.. to HatTip!! Thanks Turd!!!

Happy Friday the 13th!

CHR.

Dec 13, 2019 - 5:59pm

one last thing

This always cracks me up. Somehow, JPM got shafted for 1.21 ounces...must have simply evaporated in the ether through the keystrokes.

AngryCitizen
Dec 13, 2019 - 6:14pm

Another Week Without Collapse

Of our country's financial system. Whew! Thank God!!

We need to remind ourselves how a collapse will affect our friends and family, and be very careful what we pray for, eh?

Turd, do you think an employee somewhere pocketed that ounce?

Maestro
Dec 13, 2019 - 6:55pm

Keeping score

on my pontifications and expectations detailed during the repo crisis discussions:

a) The Banks will force the Fed to step in, and further enrich themselves with off side bets made to bring the issue to a head. This is nothing more than theater. Check! 👍

b) The Fed will always do what is necessary to protect its member banks - (to the tune of 500 Billion this time!). Check! 👍

c) The U.S. dollar will continue to drop, not rise as expected. Check! 👍

D) Yields will drop along with confidence. Check!👍

“Zoltan?.....paging Zoltan....the sky is falling”. When you can print $500 billion with a single key stroke, and run the Feds balance sheet higher than before they even began cutting, what problems can there possibly be?.....oh, wait a minute.

Its becoming as predictable as “Trade deal signed!....Trade deal off!”

Got Gold?

Maestro
Dec 13, 2019 - 7:01pm

And another thing....

I believe the power of the Fed is being undermined by Jamie Dimon. There is no Powell...there is no Fed......only Jamie. He forcibly pressed the repo problem. Powell is his bitch now

Coup d’etat?

Marcus
Dec 13, 2019 - 7:04pm

metals "looking good"

Here's a blast from the past.

Looking Good, Chico and the Man, Freddy Prinze
mavens
Dec 13, 2019 - 8:03pm

Rickshaw - The Mandibles

I have read that book. Fantastic! You are correct, should be required reading for all of Turdville.

I am in the middle of The Fruits of Graft. someone here recommended it to me a few weeks back. Also should be required reading. But this book will piss you the F off.... it details the Great Depression and how FDR perpetuated the whole cluster-F when he could have easily lowered taxes and tarriffs and turned everything around in a matter of weeks.

Blackwatersailor
Dec 13, 2019 - 9:10pm

Hmm no one posted it so I will

Wallbridge has made a cup formation on the 5 day. Just needs to complete the handle and it's a hand rubbing climb. Here's for a early Christmas for all involved.

https://web.tmxmoney.com/quote.php?qm_symbol=wm

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

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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

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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