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.

<Yawn>

After all of the recent volatility, don't days like today just seem like a downer? I suppose we should be grateful for the respite...but...flat, rangebound days always tend to put me to sleep.

Site Down Again and a Chart Update

I would have made this new post earlier but, as you know, the site was down again. It sure seems strange that this silly, little site would crash so often but...whaddayagonnado. Anyway, here's a quick update.

Total Gold Open Interest Falls Below 400,000

I don't know. Maybe you think I'm crazy for harping on this so much. But, I'm here to tell ya, this is a big deal. I can't remember the last time the total gold open interest on the Comex was under 400,000! And now here, in 2012 with price at $1650 and interest/attention in gold at an alltime high, total gold OI as of last Thursday evening is 399,607. This is astounding and it has significant implications.

Turd Traveling - Open Thread

I am traveling today after spending the Easter weekend away with MrsF and the LTs. 

Easter Weekend - BLSBS - Open Thread

It's a 3-day holiday weekend. Markets are closed in the U.S. Too bad, too, as the metals would have seen a pop today.

TFMR Podcast #16 - A Special Announcement from Andrew Maguire

It with with great pleasure and excitement that I bring this podcast to you today. You've likely heard me mention for some time now that I had plans to "take the fight to them". Today, we unveil part of those plans.

Thirty Pieces of Silver

In the Christian tradition, today is Holy Thursday, the beginning of the Easter Triduum. In the U.S. market tradition, Good Friday signals the start of a 3-day weekend. So, here we are, it's only Thursday but this is the last trading day of the week and tomorrow brings the BLSBS. Oh, boy. I hope you're ready.

Man, I HATE Being Wrong

Hate it. Hate it. Hate it! As you might imagine, I take this "responsibility" pretty seriously so it bugs me to no end on the occasions when I am dead wrong. Two weeks ago, I proudly gave you another "Turd Bottom" in gold and, this time, I was wrong. The questions now are: 1) Why? and 2) What happens next?

Schizo

schiz·o·phre·ni·a

[skit-suh-free-nee-uh, -freen-yuh]  noun

1. Psychiatry . Also called dementia praecox. a severe mental disorder characterized by some, but not necessarily all, of the following features: emotional blunting, intellectual deterioration, social isolation, disorganized speech and behavior, delusions, and hallucinations.
2. a state characterized by the coexistence of contradictory or incompatible elements.

Monday/Tuesday Reading/Watching List (updated with charts)

As I've gone through the day today, I've collected a list of articles and videos for you. When you have a few moments, dig in.

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