The end of the Great Keynesian Experiment is upon us. Turd Ferguson and his band of loyal Turdites patrol this Watchtower. We are here to help each other navigate the coming economic chaos. However, no one can predict every eventuality, so please read the disclaimer and community guidelines before proceeding.

TFMR Podcast - Friday, October 31

I know we talked about volatility increasing as we went through the week but this is crazy. Crazier still was the decision by the Bank of Japan to increase their quantitative easing and debt monetization program. How is that a fiat currency dilution can be negative for gold? C'mon in and we'll talk about it.

And I Feel Fine

It's the end of the world as we know it. OK, maybe it's not quite that dramatic but today's action by the Bank of Japan will likely set off a chain of events in the months ahead that will have a blistering effect on all paper "assets". As I've mentioned repeatedly just this week, the fiat-conversion price of precious metal may be going down but your personal stack of physical metal has never been more valuable.

Information Deemed To Be Reliable

The information in this report is taken from sources believed to be reliable. However, TFMR Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only.

TFMR Podcast - Thursday, October 30

Turd seeks to provide some comfort and consolation after a particularly horrendous day in the metals.

No Joy in Mudville

Like you, I was hoping that we could file away these longer-term charts with the downward price targets. Unfortunately, the price action of yesterday and today means that we have to revisit them.

TFMR Podcast - Wednesday, October 29

The Fedlines confirmed that <gasp> overt QE really did temporarily end yesterday. So what happens now? Will the banks now be forced to burn off their $2.7T in excess reserves by doing the debt monetization that the Fed just halted. And when that's gone, then what?

Another Ukraine Update from JB and SFC

The Ukrainian parliamentary elections were held back on Sunday and the US media has already moved on, declaring it a victory for "western support in Kiev". As you might expect, the actual situation is quite different and last evening John and Steve again accurately dissected the situation.

TFMR Podcast - Tuesday, October 28

What a yawner as today saw gold trade in a $2 range for most of the session. With Old Mother Fellen due to release her Fedlines tomorrow, you can rest assured that the boredom will soon abate. In the meantime, here are some charts that seem to indicate that the action tomorrow, and the rest of this week, will be quite significant in terms of trend.

Ahead of Tomorrow's Fedlines

As the "markets" anxiously await the statement that will come tomorrow at the conclusion on the current FOMC meeting, here are some charts that show what has transpired in the six weeks since the previous FOMC.

Old Mother Fellen

Old Mother Fellen came out yelling and took away the market's bone. But the deflation scare had laid the market bare once all of the QE was done.

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