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.

Wow, What A Week!

Crazy stuff! The "deflation bias" charts plunged only to be saved (for less than a day) by some Fed jawboning. And now here we are, at the end of the week, with stocks and other paper "assets" clinging to support.

A2A with Koos Jansen

Koos Jansen is one of the world's most renowned experts on Chinese gold demand. He's honest and straightforward, which is certainly not something we are able to say about other global gold supply/demand experts, and this hour-long podcast is simply terrific. Please make the time to listen.


As we discussed in yesterday's podcast, yesterday's FOMC minutes were simply "jawboning" by The attempt to talk up the markets...and look at the reaction! Can you imagine what the reaction in the metals will be when The Fed is actually forced to act, instead of just talk?

TFMR Podcast - Wednesday, October 8

Well, we made yesterday's podcast a public thread because we knew that today was going to be an important day. I'm happy to report that today's action was, indeed, significant. Now we just need to watch how the metals close out the rest of the week.

Wacky Wednesday

This day is turning out to be just as interesting as we thought it would be.

Happy Birthday

WARNING: This piece is a shameless attempt to distract you from the world of precious metals, finance, economics and geopolitics to draw attention to a ‘strictly human interest’ story. Please do not make ANY decisions, let alone investment ones, based on the information presented. This is purely for entertainment purposes.

Politicians and governments garner favor, popularity and support from their constituents in different ways. Birthdays are naturally occurring opportunities to fortify and enhance the popular image of beloved leaders. I, for one, gladly welcome the fact that our wise and benevolent overlords/puppets statesmen have now grown to “present their appeals more intelligently”.

TFMR Podcast - Tuesday, October 7

The "deflation bias" that we've been discussing for weeks really reared its head today as stocks and crude fell sharply while The Long Bond made new 2014 lows in yield. Gold and silver held tight to their gains of yesterday which sets them both up for some very significant trading both tomorrow and Thursday. <Note: It has been a while since we've made a public thread out of a podcast. With all that's going on, I thought that we should do so again today. As a reminder, these podcasts are recorded for subscribers nearly every day as a full summary and review of the days events.>

Chart Update

A bit of a late start this morning so just this quick update to some of the charts discussed yesterday.

To buy or not to buy

I recall walking through an antique store in Centerville Indiana in 2001 and noticing that one dealer had hundreds of silver coins in cardboard holders on the table top for folks to look through, unwatched by security or anyone except the cashier about 30 feet away who was often distracted ringing people up. At $4.75 per ounce, the shoplifters were after better stuff.

TFMR Podcast - Monday, October 6

Was today's rally in the metals a genuine turnaround or simply a dead cat bounce?

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