TFMR Podcast - Tuesday, March 25

The proprietary accounts of JPM continue to take delivery of Comex silver at an alarming rate, over 21,000,000 ounces in the past 100 days. After stopping 6,254 December gold deliveries but then issuing 1,750 in February, almost everyone wants to know what will happen in April? Today we make some educated(?) guesses.

A Small Bounce

With all of the shorting and dumping done by The Banks this past week, it's really no surprise that today has been a bit of a "Happy Tuesday". But I doubt The Leghounds are finished with their business so it's best to sit tight.

Again, This Isn't Complicated

Frustrating? Yes. Complicated? Nope.

TFMR Podcast - Monday, March 24

Back from vacation, Turd returns with a 28-minute podcasting extravaganza.

Sudden or incremental

Given the overnight action in metals, perhaps discussing the big picture my be more interesting today.

I bought a house some years back that had an old curved roof barn. The architecture was amazing to behold to a wannabe carpenter like me, with curved roof beams, large oak support beams for the floor.  But there was a problem. That hill was saturated with water flowing underground out of hundreds of uphill acres north of the barn. The builders did not install a drainage tile. At some point, the water pressure from the north cracked the 8" thick concrete foundation wall horizontally along its 100 foot length about three feet above the lower level floor.


A long, long time ago (not so long, really), around 400M people lived in a strange, double-tiered system. The currency issued by the state was pure scrip, forced into being by the will of the committees ruling the lands. It was not convertible into any currency used by other countries EXCEPT those within the same trade zone, and then only generally with restrictions. Nothing could be bought from any other country, except those within the trade zone.

Since both supply and price was centrally controlled, even those items which WERE being manufactured were often scarce goods. Having cash was not enough to make a purchase, you had to be friends with the store manager, the butcher, the department store clerk (or know someone who WAS), so the item would be reserved for you (generally in exchange for a surcharge or an owed favor).

Why Some People Will Never Wake Up

It's amazing to me how many people in our modern world live in massive denial. Try explaining to someone steeped in mainstream news that the United States could face a massive economic collapse. They are likely to laugh at you. I guess this denial is a direct result of having too much prosperity - you just think it will always be like that.

TFMR Podcast - Friday, March 21

Wow, what an ugly week. Instead of $50 up we got $50 down. What might next week bring? C'mon in and let's talk about it.

Stacking is Like Golf

Who needs some irreverence?  Good, me too.

Golf is exactly like stacking.  There are pundits aplenty that extol the virtues of the game, the relaxing nature of it, the serenity of the courses, the simplicity of hitting a stationary golf ball, watching it travel in flight, alight gently upon the grass, roll softly across the manicured green, and fall into the cup with that unmistakable sound.

TFMR Podcast - Wednesday, March 19

No time for dilly-dallying.

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