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.

Physical Demand and Fear

These two factors are clearly in play today as the metals move higher in a surge we've been expecting since late last week. However, these gains might just as quickly be reversed so there are a few indicators you'd better be watching.

TFMR Podcast - Monday, October 31

In an odd day of quiet before the storm, gold and silver saw more volatility on the afternoon Globes than they did during the entire Comex session. Something tells me that rest of the week is unlikely to play out in the same manner.

Elmo Says Boo!

One of the LT's favorite Halloween shows was always "Elmo Says Boo". If that little red furball was freaked out 15 years ago by bats and goblins, he'd surely be losing his shit today, given all that's going in the world.

TFMR Podcast - Friday, October 28

Major U.S. political news sent all "markets" careening wildly Friday afternoon. How might this impact things when the new week begins on Monday? As you might expect, we've got a few ideas.

A Political (but not apolitical) Thread

In the hope of maintaining sanity...and keeping the other threads's a new thread where you can discuss politics all weekend long. Please use this post for that purpose.

GDP Scam

In a scam of epic proportions, the US today reported a Q3 GDP guess of +2.9% and more than DOUBLE the level of "growth" seen in the first half of 2016. Not only is this farce just in time for The Fed, it will also serve to spin countless soundbites for the government's preferred candidate in the upcoming election.

A2A with John Butler of GoldMoney

John Butler joined us for A2A this week and we had a fascinating discussion. Be sure to find some time to give this a thorough listen.

Gold Fighting Hard

Though nearly all external factors would suggest another major selloff in paper gold, so far price has somehow managed to hold. Why? How?? The only possible explanation is wholesale physical demand in London. C'mon in and we'll explain.

TFMR Podcast - Wednesday, October 26

After a day that can only be described as one giant Snoozefest, Turd checks in with a few items to watch for the back half of the week.

Ying and Yang

No, this is not a post about some new Chinese law firm. Instead, it's just an update on the metals markets which, while refusing to go further down, aren't making much progress to the upside, either.

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