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.

The USDJPY and the "Price Of Gold"

Well, we've finally reached "contract expiration" day as the Dec16 Comex gold and silver contracts go off the board and into "delivery" at the close today. With total Comex open interest now back to the levels of last December, could price finally be near a bottom? As usual, we must look at the USDJPY for clues.

TFMR Podcast - Monday, November 28

The week begins with gold having its best day since November 2! Can/will this continue? Well, I suppose we have to look at the key HFT inputs before we can make that determination.

A Busy Week Begins

It's going to be a long and busy week with everything from economic datapoints to the BLSBS to the Italian referendum on the docket. There's no holding back so we might as well dig in and get started.

TFMR Podcast - Saturday, November 26

A special Saturday podcast where we take stock of what has transpired over the past 60 days and look ahead for what to expect as we close out 2016.

All Is Not Lost

The last three weeks have been tough on everyone but it's not as if we haven't been through this before. Rather than capitulate, it might be wise to consider that all is not lost and that the general direction of "the markets" in 2017 is not a fait accompli.

Gobble Up Some Jackass

It's a market holiday weekend so you know what that means....fresh Jackass for your listening pleasure!

<Please be sure to note that this is a free, public thread.>

This Week's JBSFC

This week, John and Steve discuss some of the signs of growing détente between the U.S. and Russia. However, The War Party is still in charge so the danger remains high.

TFMR Podcast - Wednesday, November 23

This was supposed to be a day of relaxation with family and friends but the "markets" have intervened, thus this unplanned podcast.

A short-term bear

I recall back in the wild days leading up to May of 2011 that a number of regulars on the old blogspot site began to warn of a downturn in silver. They were nearly shouted off the discussion boards with some blunt words. This place was a bullish as it gets and I watched the AG price rise up through the 40s with greed and glee. But the bears were right, and those who took the warning seriously and hedged their stacks did not regret it.

TFMR Podcast - Tuesday, November 22

The holiday-shortened week continues with gold and silver sliding through Dec16 options expiration today. Now we'll wait to see where the week ends before coming to any further conclusions about the direction of price in the short term.

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