Spelunking

Stretching the bounds of allegorical cave-climbing, courtesy of Greek thinkers of yore. The allegory can be seen a lot more literally than its author(s) may have originally intended. Just like 1984 was a cautionary tale, not an instruction manual, Plato's Allegory of the Cave was intended to bring clarity to the differences between perceptions, concepts and reality. Yet it seems to have become the blueprint for how to pull wool over the eyes of people everywhere today.

(credit: xkcd)

TFMR Podcast - Saturday, November 30 (UPDATED)

Over 10,000 standing in December. The non-JPM vaults only have enough gold for 3,600 deliveries. And in the first two days, only 80 contracts have been delivered. The plot just thickened...considerably.

Black Friday Thread

In the holiday spirit, here's an open freebie.

Very Short Thread

Just a quick update. I'm not going to post a new podcast until tomorrow.

TFMR Podcast - Wednesday, November 27

The open interest numbers for today have grown even more interesting. The plot thickens!

TFMR Podcast - Tuesday, November 26

As we approach December deliveries, there's only enough registered Comex gold to physically settle 5,900 contracts. Will December be crazy like February, April and June or will it be calm like August? Turd's looking for clues so get out your pencil and paper. He's got a lot of numbers today and you need to follow along.

The Latest From Mike Maloney

Once again, Mike Maloney and his crew at GoldSilver have done a great service for the community. Here's the latest video in the Hidden Secrets of Money series.

TFMR Podcast - Monday, November 25

Things are looking better by the minute but lets get through (Terrible or Happy?) Tuesday before we begin to exhale.

The Consent of the Governed

Almost Done

Today is option expiration day for the Dec13 gold and silver contracts. Not surprisingly, prices are getting yanked around as the Banks play with the Specs. It's interesting to watch. More interesting, though, will be what comes later this week.

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