Turd's Blog

Condition Stable

As much as it pains me to type this, there's not much to move the needle before next Friday's BLSBS. Oh sure, there may be some random, unexpected events and the whole Yuan-SDR thing us interesting but, sadly, here we are again, getting played by the run-up to "THE MOST IMPORTANT JOBS REPORT OF ALL TIME".

90-Day Nightmare

Last week, we groaned when the FOMC again failed to raise the Fed Funds rate. Why? Because we knew this meant 90 more days of seemingly endless Fed Goon jawboning. And now look what we have. It matters little what the Fed did last week. Apparently, all the matters is what the Fed might do in December. Just another chapter in the ridiculous con and scam of The Bullion Bank Paper Derivative Pricing Scheme.

This Week with John and Steve

Another comprehensive update on The New Cold War that covers the rapidly deteriorating situation in Syria. 

Guest Post: "Behind The Spot Price Of Gold", by Nico Simons via the Sprott Money Blog

Many people think that the price of gold for buyers and sellers is determined through the LMBA Gold Price Auction (formerly LBMA Gold Fix). This is not correct.

Direct Price Manipulation and Chart-Painting

Today is October option expiration and Friday brings the end of the month and quarter. Therefore, we should not be surprised by the level of abject and overt price manipulation and chart-painting that is being done this week.

Another Ode To Lloyd Bridges

With everything from Deutschebank collapse to economic data to October expirations to IMF SDRs to presidential politics to worry about, it already looks like I picked the wrong week to stop smoking...quit drinking...stop taking amphetamines...quit sniffing glue.

The Jawboning Resumes

Right on schedule, Goon Rosengren is out today with a note that The Fed should begin "modest and gradual tightening". Our worst fears have now been realized as we have to deal with another 90 days of this nonsense.

Back On Track

As interest rates plummet around the world in the wake of yesterday's BoJ and FOMC non-event, rallies continue across the board today as the metals and miners are surging yet again.

Conn, Sonar. Krazy Kuroda!

While the free money world awaited word of massive new "stimulus" from Krazy Kuroda, the Bank of Japan pulled a fast one earlier today and basically did...nothing. The massive selloff in the USDJPY in the hours since leaves Mother Fellen and her Band of Goons in a rather awkward position as we barrel toward the 2:00 pm EDT release of the Fedlines.

Cold War Heats Back Up

After the optimism of a cease fire in Syria last week, this week's Batchelor-Cohen update is back to full Cold War mode after the US struck Syrian army positions over the weekend and an aid convoy was also attacked by unknown forces. This mess only seems to worsen by the week, which is why you need to listen to these updates every week, as well.

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