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.

No Charts Tonight

Thursday, September 22, 2011 at 11:27 pm

After a long day, I knew I had to post something for you. If anything we have to start a new thread because the old one is now over 600 comments. I could take what has become the usual theme and expand on it but I'm not going to. No charts tonight. Just a brief, frank discussion about what is to come.

Bad Day To Quit Sniffing Glue

Thursday, September 22, 2011 at 8:41 am

It's also a bad day to be traveling, which I am. So I will be out and unavailable all day. I would heartily suggest you stop by the chatroom or "pailin's trading corner" in the forums if you're looking for ongoing discussion.

Lots of Choices. All of Them Bad.

Wednesday, September 21, 2011 at 7:19 pm

You know, in a way, I kind of feel sorry for The Bernank. As a central-planning plutocrat, the poor guy has put himself into a very tough position. He chairs the Federal Reserve as we stand at the end of the Great Keynesian Experiment. Bummer for him. Lots of choices. All of them bad.

More From Carnac

Wednesday, September 21, 2011 at 2:08 pm

I may look like a complete idiot in about 10 minutes but I wanted to get on the record before we hear from The Bernank and his minions.

Front-running The Bernank

Wednesday, September 21, 2011 at 8:48 am

It's going to be a wild and wooly day. Expect lots of volatility ahead of the Fed "announcement" at 2:15 EDT. The day of the QE2 announcement last November was wildly volatile as The EE tried to force price down before the expected surge higher. Do not be surprised by similar action today.

Bullish Gold in Four Pictures

Tuesday, September 20, 2011 at 3:06 pm

All four of the charts below paint a bullish picture but it appears that the next 24-48 hours hold the key. Hmmm. Isn't that interesting? What earth-shattering, market-moving news is possible over that time period?

The Knife Catcher

Monday, September 19, 2011 at 9:19 pm

At the risk of making an even bigger fool of myself, Carnac wishes to double down.

carnac_0.jpg

Shakeout

Monday, September 19, 2011 at 11:24 am

The Turd awoke this morning to the disturbingly familiar LBMA/Comex beatdown pattern we've seen so frequently in the past. This stuff is sure getting old but, unwittingly, it appears that The Cartel is about to hand us an extremely attractive opportunity.

Sunday Night Charts

Sunday, September 18, 2011 at 9:00 pm

It's been a long and crazy weekend but The Turd is ready to get back to work. I hope that everyone has taken the time to peruse the JPM class-action lawsuit information. Amazing stuff. Since the next CFTC meeting has been postponed to October 4, we'll have to make due with this information for a little while longer.

Weekend Homework

Friday, September 16, 2011 at 10:41 am

A friend and loyal Turdite sent me this earlier today. Dated 9/12/11, it is the amended and final version of the class action lawsuit against JP Morgan regarding manipulation of the silver futures market.

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