Still Looking Good

It seems like everybody is now jumping aboard the "Double Bottom and Bull Market Resumption" train. That's fine. The train may soon get a bit crowded and need to offload a few non-believers for a few days but, for now, it just keeps speeding along.

TFMR Podcast - Tuesday, February 11

It's late but Turd felt he had to check in.

Trends Of The Latest Bank Participation Report

<Note that this is now a public thread. A good representation of what goes on in The Vault each day.>

The price of gold has rallied to begin the year. With today's move UP through the 100-day moving average, price is now nearly $100 off of the lows of 12/31/13. Through January, you had to wonder which firms were buying and which were selling. With the release of the latest Bank Participation Report, we now have some idea.

Turd Out. Open Thread.

I will be out for the majority of the day today. Here's an open thread to discuss the goings on.

TFMR Podcast - Monday, February 10

We're off to a good start for the week with gold exceeding and closing above its 100-day moving average. Where do we go from here? Do I still have a shot at $1300+ before the end of this week?

The Bones of Civilization

The final chapter of the Roman era closed not with the sudden violence of a barbarian invasion and war, but decades later with the quiet dismantling of the once-grand physical remains of a bygone period of wealth, when the productivity that had supported it was no longer possible.


Instability while the power and leverage are at maximum can cause unpredictable results.

Iran: The Warning Shot Across the Bow?

Lovely news to wake up to on a Saturday morning - Iran is sending warships close to United States maritime borders in the Atlantic Ocean for the first time, ever. Why? From the AP report:

The Islamic Republic considers the move as a response to U.S. naval deployments near its own coastlines.

Uh-huh. Greaaat. Do doomsday scenarios of short-range nukes being used as EMPs come to mind? Or have I just been reading too much fear porn recently?

Astroturf war

The concurrent investigations from regulatory bodies in the UK, Germany and the US are somewhat coincidental, both in the areas of foreign currency trading, gold and silver trading and derivatives. The fact that major banks are divesting themselves of commodity trading platforms and units (not to mention warehouses and VAULTS) also has nothing to do with any of the ongoing violence. The (quickly retracted) trial balloon of Ms. Masters on the CFTC advisory panel is also pure coincidence. Why would anyone think there is a muscling-out going on as we speak?

TFMR Podcast - Friday, February 7

The BLSBS comes and goes but the manipulation and corruption continues unabated.

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