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TFMR Podcast - Friday, December 13


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.


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


Dec 16, 2019 - 9:23am

Another View

If they separate children from families, they have no concerns about separating you from your family for intentionally not paying your taxes.

Dec 16, 2019 - 8:44am

hmmm...who else has been saying this?...

4/4 - Finally, what does that mean for the miners ? Well, it’s pretty clear to me that we could realistically expect a 100% gain in the next few months. More here https://t.co/m6wKUZ6zVN #gold #silver #preciousmetals #fintwit #stocktwits #business #finance #economy pic.twitter.com/RqiTMSumxH

— Northstar (@Northst18363337) December 15, 2019
Dec 16, 2019 - 12:44am

New Tariffs


I'm keeping on top of it . . . It affects Champagne too! We make pretty decent Cabernet, Pinot Noir, and Chardonnay in the States, but for the bubbly stuff, only the Real Thing will do! I've never had a domestic sparkling wine that didn't scream "This is not Champagne!"

I've laid away enough Champagne to last me thru the Apocalypse -- still working on the Cognac and Irish Whisky . . . We travel a lot, and I usually look to duty-free, or the country of origin for the best prices. I'm sure I can move a modest quantity of bottles through Customs in my baggage . . .

I do plan to pick up a bottle of Green Spot before the tariff goes through! At least Bourbon, rye, and rum are safe (for the moment).

Dec 16, 2019 - 12:06am

He buys deep in the money, long dated calls in GLD

to make a little fiat while hedged. An interesting article and trading strategy to obtain gold exposure. To me it looks like an interesting supplement to a stack. Thoughts from Turdites???? https://seekingalpha.com/article/4312612-case-for-owning-gold-and-how-to...

Dec 15, 2019 - 11:59pm

Why Pay Taxes?

The most important aspect is to make sure the general public is taxed enough to reduce their consumption of resources. Look at it this way, IF the goal was to actually stimulate the economy, would you give a massive payroll tax cut or the largest corporate tax cut they passed 2 years ago?

Obviously, a payroll tax cut would lead to real spending and consumption of resources, the corporate tax cut doesn't flow into the real economy. One tax cut is inflationary, one isn't.

The Elite aren't ever going to stimulate the real economy with tax cuts for the bottom 90%, there can be no real economic growth or inflation today or in the future. In fact, massive cuts to social programs will be happening sooner rather than later. All of this is very deflationary, which is the desired policy.

To maintain very low interest rates, The Elite MUST keep commodity prices and economic growth very low. So far, they're doing a great job and I have no reason to believe that will change in the future.

Dec 15, 2019 - 11:25pm

You Do realize

That the transfer of wealth goes on daily...

mrcicAngry Chef
Dec 15, 2019 - 8:58pm

Which tree???

That's a nice article, AC. It's funny that the statement from Lagarde:

"We should be happier to have a job than to have our savings protected"

says everything you need to know about the overlords' attitude. You could say that to a serf and it would make sense (ie. "you should be happy you are alive to work the fields, even though you have no need for private property"). Those who stack precious metals understand the need to have savings protected. Isn't free-market capitalism built on savings? So her statement is quite revealing . After all, if we are to buy into their schemes, they tell us that "it is for the greater good" and of course there must be someone who decides what that "greater good" is. And that is the view of any totalitarian: the serfs can't decide for themselves, the elite must do it for them.

It should be clear with all that is going on (fake impeachment, repos/money printing that will drive your money's purchasing power to zero, endless corporate welfare enabled through cheap debt, secret missing money) that they will continue to take action while we sit and watch.

Which tree will be watered? The Fascist tree, the Socialist tree, or the Tree of Liberty? They are all watered with the same.

Dec 15, 2019 - 8:57pm

RICKSHAW ETF Did you hear about the 100% tariffs coming

to French cheese, Cognac and Irish Whisky. Trump's threatened to do that. He's a total cad if he does. I'll be forced to vote for Bernie just because of this

The unimaginable horror of not being able to nosh on some Brie or Ruquefort, sip on a crystal snifter of Hennessy or Courvoisier or my fav Irish Racing fuel without paying twice the price. It's just beyond everything.

Heck, I'd even cash in my IRA and my wife's too in order to buy enough cheese, cognac and whisky to last through the zombie apocalypse

It's not enough to suck the gummint titty for few drops of the good brew. We need government assistance in our hour of need.

Heck we only put $800,000 into the SS system. It's our money and we want it all back with interest NOW!

Maybe Uncle Sam will take pity on our parlous state and give us an advance?

Yanno, just to make sure the wine cellar, the temperature controlled barrelage room and and our custom designed cheese vault at the AGX Baronial hall are well stock with the good stuff.

You're welcome to visit if you run low.

Friends don't let friends run out of the vital victuals.

I just hope Trump doesn't raise tariffs on good cigars. That would be in such bad taste of the dear boy.

Be a good chap and email Donald, would you please Mssr. ETF.

Tell him there's real suffering going on in the world and if he'd be a good fellow and see to our financial needs.


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Dec 15, 2019 - 8:50pm

Why Pay Taxes?

Keeps you out of jail. Keeps your family eating. Prevents everyone from going to the ovens.

Dec 15, 2019 - 8:46pm

Sunday evening musing

My wife and I have been watching the Ken Burns documentary about the Vietnam War. I was interested because I've worked with a number of veterans from the war, some who would talk about it, and others who would not, but I could see it deeply affected them. Interestingly, two friends endlessly told their stories were both Green Berets. The second one half his skull blown off in the Tet offensive and explained to me that he was a sociopath, and that the military did psychological testing and placed recruits with any sociopathic tendencies into the Green Berets. He told me he could slit my throat with a knife, if ordered, and not lose a minute of sleep. Man, did he have some interesting stories. But I digress ...

Back to the documentary series: Burns provides some $$ figures of how much money the US government spent to subsidize the French in Vietnam throughout the 1950s, and finally the cost for American troops to fight there until the war ended.

Burns shows clips of our former presidents Truman and Eisenhower insisting that we must stop communism in Vietnam or a "row of dominoes" would start falling-- multiple countries taken over by communism-- as if metaphors can ever explain the heart of complicated political situations.

Pure and simple, the Vietnamese wanted to end the French colonial rule. Freedom-loving American should have helped them. Instead, we helped France keep Vietnam a colony. I imagine the globalist overlords had something to do with the US government pitching their domino rhetoric so that US people would support keeping another people group enslaved. Truman and Eisenhower both sounded disingenuous as they asserted the need to fight.

I thought of this in light of a bit of quibbling on the board tonight: seems we have disagreement about Social Security: on one hand, it barely keeps people afloat and and receiving medical care, as we are personally learning with my mother-in-law these days (whom we now support). On the other hand, our social programs are underfunded.

I'd bet a gold eagle that the money the United States government spent in Vietnam, and has been spending on every single military action we have been involved in around the world since, and are currently spending to be the self-proclaimed police of the world, promoting the will of the globalist overlords, starting new wars on every continent. ...not to mention the $21 trillion at the Pentagon seems to have lost. I'd bet those funds used to kill people would more than cover ALL our social programs for decades to come.

A whole lot of money has been spent on war since we began our social programs during the Great Depression. Most will agree that we need to have these programs. But we can all also agree that borrowing money to spend on needless wars, enriching military contractors and a bunch of other people while we give PTSD to our boys and girls, that this borrowing has to stop. A fraction of that amount is all it would take to fund more social programs than we can imagine.

So why would we argue about a result rather than a cause?

But to do change things, we have to overthrow the rule of the globalist overlords. Simply "draining the swamp" of Washington DC corruption will NOT do the job. The overlords will simply hire new employees to replace the ones thrown in jail, and we will be right back where we started in two years.

We all must join together and ... Hmmm... I am open to suggestions... And I better shut-up before Turd's blog here gets censored by the corporate internet giants... maybe our best course of action is to keep stacking until it hurts them, and promote metals ownership to everyone we know.

In other news, I received my large silver order safe and sound. Sure felt good to bury those heavy little boxes in the stable under that pile of manure where we keep the pigs. And I bought 3000 mercury dimes so I can spend the winter evenings looking for key dates and uncirculated beauties. Been doing that since I was a kid and forgot how much I enjoyed it.

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Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

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