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.

Saturday Charts

Saturday, August 20, 2011 at 1:55 pm

After a crazy and outrageously fun late week, it's time for a break. I'm trying to chill today and catch my breath but I'm having trouble relaxing. The metals, particularly silver, are poised to continue their relentless drive higher next week and I can't wait for tomorrow night so that we can get things rolling again.

Friday Fun

Friday, August 19, 2011 at 10:25 am

Looks like closing above $1818 was as significant as I suggested it would be but I doubt you're here for a history lesson. You're likely looking for insight as to where we go from here. As you might expect, I have a few thoughts. Let's get started.

Chugging Forward

Thursday, August 18, 2011 at 6:55 pm

In the commentary this morning, I mentioned how important it was for gold to close today above the highs from Wednesday of last week. It did it! When you consider that today also invalidated the "outside reversal day" that was painted last Thursday, you're left with an extraordinarily strong picture and one where gold is looking to head much higher from here.

Like Clockwork

Thursday, August 18, 2011 at 10:36 am

Regular visitors to TurdWorld have noticed by now that The Fed has a way of "managing" SPIN and MOPE. For what seems like the umpteenth time, at a critical moment for the dollar, The Fed once again stepped in to create headlines designed to help it catch a bid.

This Could Be Significant

Wednesday, August 17, 2011 at 5:10 pm

If you haven't read this yet, you need to do it now:

http://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-great-scramble-physical-starting

Check This Out!

Wednesday, August 17, 2011 at 1:14 pm

I'm sure this is just a coincidence...<heavy sarc> <ON>

Wallowing In The Mire

Wednesday, August 17, 2011 at 9:31 am

What the true proverb says has happened to them: “The dog returns to its own vomit, and the sow, after washing herself, returns to wallow in the mire.”  2 Peter 2:22

Ole Turd ain't much of a biblical scholar but I'm pretty sure Saint Peter wasn't prophesying about the decline of the U.S. dollar when he wrote this. But...

Feeling Good, Louis!

Tuesday, August 16, 2011 at 4:19 pm

The Turd has had himself a couple of nice days. With Sep silver near 38.50, I gave you $44 by Labor Day. It remains to be seen if it will make it but I've already made a tidy little profit. Gold has been even better. I gave you a bottom near 1725 late last week and, since, gold has rallied over $60. That'll work for daddy, too. I sincerely hope you've been able to make a little fiat along the way, also. Now, the $18,000,000,000,000 question is...where do we go from here?

An Interesting Day Awaits

Tuesday, August 16, 2011 at 9:13 am

Well, what an interesting day we have ahead of us. The markets are once again in "risk off" mode as the S&P and commodities are down while gold is up. We've also got this Merkel/Sarkozy luncheon date taking place. Don't stray too far from your computer today as the action will be significant.

Three Overnight Items

Monday, August 15, 2011 at 10:08 pm

Gold and silver performed exactly as expected today. Now that we're moving higher again, where do we go from here? The charts below will help.

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