A New Contest

Thanks to the good folks at Provident Metals, I'm happy to announce a new price contest. It's only open to Vault subscribers...BUT...if you subscribe today, you'll find that the prizes for winning more than compensate you for a few months of Vault membership!

WoodyCare Disaster

After last week's PPI, we thought that the CPI would come in flat, too. WRONG! Of course "producer" prices are down. The US economy is dead. But "consumer" prices are rising. Why? The WoodyCare Act is causing healthcare prices to rise, not fall. Wow. A government program that is doing the opposite of what we were sold told it would do. There's a stunner!

TFMR Podcast - Part One of Holiday Jackass

Holiday weekend Jackass is something of a Turdville tradition. However, I'm going to do something different this time. Recorded this morning, Jim and I only covered two, primary topics and I don't want one to be subordinate to the other. Therefore, today's subscriber podcast is just Part One of the interview. I'll release the entire interview tomorrow for consumption/reflection over your holiday weekend.

India's Convoluted Gold Scheme

There's been a lot of talk about this today, highlighted by a dedicated post at ZeroHedge this evening. In the hope of minimizing the confusion, I thought we should give this topic its own thread.

Plowing The Field

At this time of year, the first step in preparation for planting is to plow the field. Turn the soil upside down so that it's ready to accomplish it's purpose. Same thing today in gold. Plow the field. Turn the market upside down so that it's ready to accomplish its purpose. And what's the purpose?

TFMR Podcast - Wednesday, May 20

The Fed is pledging to raise the Fed Funds rate, come hell or high water, even if they have to manipulate their data to new extremes in order to justify their actions. What kind of surreal world do we live in?

A Turning Point? Last Night's JB-SFC

Could the meetings last week in Sochi be the first step away from NATO/Russia confrontation? Let's hope so. Unfortunately, the Ukraine Crisis continues to simmer and events could still reach a boiling point again this summer.

TFMR Podcast - Tuesday, May 19

A day full of central planning and market rigging leaves traders and stackers everywhere wondering what might happen next. Well, with the FOMC minutes due to be released tomorrow, it doesn't take much imagination to draw some conclusions.

GLD Drain Accelerates Again

The GLD is once again being drained of "inventory" during a period of rising prices. Is this a sign of tight, global supply? Unfortunately, we can only speculate.

Central Banks Seek Total Control

This is madness. The intraday moves, particularly in Forex, are mind-numbing. Are the central planners losing control or, in the other extreme, are they taking complete control? At this point, it's nearly impossible to tell.

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