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 - Monday, October 20

The week is off to a good start with gold holding and closing above $1245. Can/will it next extend toward $1260?

More GLD Drawdowns

Longtime readers will recall that we've been covering the ongoing depletion of the GLD since early 2013. After today's massive withdrawal, the total alleged "inventory" of the GLD now stands at a multi-year low of just 751.96 metric tonnes and down 5.8% on the year. This while the paper price of gold is actually up on the year by nearly 4%.

So What Will This Week Bring?

Last week saw tremendous volatility in the equity and bond markets. It also saw a strong rebound on gold, right back up to the primary trendline we've been following all year. Holy moly, where do we go from here?

TFMR Podcast - Friday, October 17

Do you think this week was crazy? Well, I hope you get some R&R this weekend because next week promises the same, if not more, volatility.

A Discussion with Eric Sprott

Back on Thursday, as part of our weekly webinar series, it was a distinct pleasure and honor to welcome Eric Sprott to Turdville.

Religious Liberty Under Assault in the Name of Transgender Bathroom Access in Houston

I finally realized the core of what has been bothering me about what's happening in America lately - how Ebola is being mishandled, the idea that more debt is the path to prosperity, the never ending parade of PC lynch mobs ready to destroy someone's career or livelihood for not holding the proper opinion. 

Our very reality is under assault.


In Wednesday's podcast, we discussed the strong likelihood of a bounce and rally in the S&P to close out the week. A little bit of Fed and ECB jawboning and there you go. So, is that it? Has the "deflation bias" selling run its course? Perhaps we should revisit what else we discussed earlier this week.

The Current Cap

Less than two weeks ago, gold again bounced from the same $1180 level which had supported it in the past. The "safe haven" bid has pushed gold higher since but now it seems stuck and capped at/near $1245. Why would this be? Regular readers know the answer...for the same reason gold has been capped all year!

A2A with Eric Sprott

Having Eric Sprott in as an A2A guest embodies what "Access2Access" is all about. Frankly, it's still kind of hard to believe that I'm in a spot where I can just ring up Eric for an interview. That, through A2A, you have an opportunity to ask the questions is all part of what makes Turdville special.

TFMR Podcast - Wednesday, October 15

Once again, if you thought today was wild, you ain't seen nothin' yet. Though the S&P will likely continue to rally and bounce tomorrow, this "deflation bias" liquidation isn't over yet...not by a longshot.

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