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.

TFMR Podcast - Tuesday, November 15

The metals have stabilized, the CoT is getting cleaned and Comex open interest is back to multi-month lows. All of this comes at a time when nearly every "analyst" has suddenly turned bearish. Well, not your humble host. Instead, we see the potential for a surprise rally and, oddly enough, the looming expiration of the Dec16 options makes us even more optimistic.

Watching The Yuan

The recent surge in the US dollar has again brought massive selling in the emerging market currencies, most notably the Chinese yuan. This has occurred twice before in the past 15 months and each prior instance has foreshadowed a 10% drop in the S&P 500. Therefore, are we on the verge of another stock market correction?

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TFMR Podcast - Monday, November 14

After a two-hour technical delay, your daily Vault subscriber podcast is now posted. Please be sure to give this a listen as we've found some very valuable price clues.

A New Paradigm?

Ever since the 2016 downtrend in the USDJPY broke in late September, we've been worried about a spike to 106+ and a POSX rally back to 100. We figured that this could send gold all the way down to the bottom of the $100 range we identified. Well, here we are. And now we have to hope that it doesn't get any worse!

TFMR Podcast - Friday, November 11

If I'd told you last Friday that Trump would win the election and that gold would move $80 this week, which direction would you have thought things had gone? But it is what it is so all we can do is deal with it and attempt adapt/adjust.

Happy Birthday, TFMR!

A2A with Andy Hoffman of Miles Franklin

Due to the timely nature of this discussion, we thought we'd take the unusual step of making this audio immediately and publicly available. Please be sure to carve out some time to give it a thorough listen.

Fallout Zone

Here on Day 2, it seems that the investing world is attempting to come to grips with the reality of President Trump and the fallout is reaching across all asset classes and currencies.

TFMR Podcast - Wednesday, November 9

Today was YUUGE and the markets moved BIGLY. But a one day reprieve, clearly purchased through the direct intervention of the Central Banks and The President's Working Group on Financial Markets, may not be enough to support the markets as a massive and historic meltdown in the US bond market will likely complicate matters in the days ahead.

A New Era Begins

Where do you even begin on a morning such as this? With the election behind us, I think we'll simply focus on the reaction of "the markets".

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