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.

This Week's Batchelor-Cohen

Every week we post these podcasts and, every week, you need to find time to listen. There is no doubt that 2016 is going to be a consequential year and this weekly discussion is the only one you will find that offers a consistently fair and balanced review of events in The New Cold War.

TFMR Podcast - Tuesday, December 8

Though commodities in general were under pressure again today, gold held in there relatively well. And we late today we learned that open interest is rising again so another short squeeze, similar to last week, appears on the horizon.

Late Morning Post

Behind the 8-ball a bit this morning in terms of time. Therefore, just this quick post.

<This is a public post for reasons that will be apparent as you read it.>

TFMR Podcast - Monday, December 7

An ugly day as commodities are down across the board, led by a 5.5% drop in crude oil. This is the "disinflation bias" trade once again rearing its ugly head...and expect more of the same at least until next Wednesday.

Maintaining Perspective

Plunging crude oil is wreaking havoc with every market this morning. Still, some seem full of despair that Friday's rally and short squeeze haven't continued into today. Remember, the CoT is not a trading indicator. It's ony use is as a predictor of future trend, not day-to-day, and what it's telling us is that the next few weeks and months are going to be UP and not down.

Historic Comex Positioning and Other Oddities

In our endless effort to educate investors and, at the same time, draw attention to the unfairness of the fractional reserve bullion banking scheme, opportunity sometimes presents itself. In reviewing this post, you may find that this is one of those times.

TFMR Podcast - Friday, December 4

Wednesday, December 2nd, two thousand and fifteen...a date...which will infamy.

Guest Post: "Renminbi Internationalization And China’s Gold Strategy", by Koos Jansen

It is extremely important that you read and understand this excellent new report from our pal, Koos Jansen.


As we discussed just yesterday, with the CoT structure very likely at historic and unprecedented levels, the next move for the metals was going to be UP, not down. We've also frequently mentioned the likelihood that an FOMC rate hike would be a "sell the rumor, buy the news" type of event. With those two items in mind, we can't consider today's market action to be a surprise.

TFMR Podcast - Thursday, December 3

Wow! An absolutely historic day in the bond and currency markets leads to an equity selloff. However, the precious metals and miners were actually UP a little. Is this a good sign before another BLSBS Friday?

<Just for fun and to celebrate today's price surge, this podcast is now public for all to listen.>

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