The end of the Great Keynesian Experiment is upon us. Turd Ferguson and his band of loyal Turdites patrol this Watchtower. We are here to help each other navigate the coming economic chaos. However, no one can predict every eventuality, so please read the disclaimer and community guidelines before proceeding.

    TFMR Podcast - Tuesday, June 11

    Tuesday, June 11, 2019 - 5:47pm
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    Comex precious metal prices appear to have stabilized following the late Friday and Monday selloffs so today we take time to discuss the outlook for next week and the rest of the month.

    First of all, please take time to read this week's post for Sprott Money:...

    Untenable

    The Fed's quagmire deepens by the day.

    Tuesday, June 11, 2019 - 10:17am
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    In another sign that fed funds rate cuts are coming, today's Producer Price Index showed barely any price inflation pressure. Throw this on with the faltering US economy and you have a 1-2 punch of reality hitting The Fed square in the nuts.

    Though the PPI printed at "just below...

    TFMR Podcast - Monday, June 10

    Monday, June 10, 2019 - 5:14pm
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    The day unfolded almost as anticipated in our Saturday podcast and there may be some extended weakness to come later this week. However, the trend is definitely in our favor as the summer, and the remainder of 2019, plays out.

    For today, please check these two links:

    • ...

    Monday Blues

    But no one here should be surprised.

    Monday, June 10, 2019 - 11:53am
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    We're giving some back today but that's not unexpected after the late Friday Trade War news. And then when you consider the overbought conditions and the always-present desire manage price...well, none of this should be surprising at all.

    Much of the driving force behind last evening's...

    On Again With USA Watchdog

    Monday, June 10, 2019 - 9:37am
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    My friend, Greg Hunter, asked me to record another segment late last week and it was posted to his site on Sunday.

    This was a wide-ranging discussion of Fed policy, interest rates and "the markets". However, we also discuss the progress being made in our 2010+9 thesis. So, when you...

    TFMR Podcast - Saturday, June 8

    Saturday, June 8, 2019 - 9:41am
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    It was a wild week and a busy Friday. Please take some time this weekend to listen to this podcast so that you're ready to go come Monday.

    The big news from late last evening was the "successful" end of the Trump-Mexico tariff stuff. This was likely being priced in on Friday and you...

    Are You Gonna Go My Way?

    Lenny might say that the train is leaving the station...

    Friday, June 7, 2019 - 10:58am
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    If it's not completely clear by now, then here's another reminder. The year 2019 is playing out in a manner similar to 2010...and 2020 will get even more interesting. So here's Lenny to sharpen the point.

    Here it is again for your review:...

    TFMR Podcast - Thursday, June 6

    Thursday, June 6, 2019 - 5:11pm
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    The stage is set for a volatile day Friday and an interesting weekly close. Be sure to listen to this podcast for a primer.

    We begin with a discussion of this link: https://www.reuters.com/article/us-usa-fed-...

    Churning

    It's still a long way to Friday's close.

    Thursday, June 6, 2019 - 10:37am
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    Comex digital precious metal prices are churning today as excess overboughtedness gets worked off and Spec algo resistance gets eaten away. It's all part of the process and tomorrow will be a much more interesting day.

    But today is like so many others that we've seen of late. Contrary...

    TFMR Podcast - Wednesday, June 5

    Wednesday, June 5, 2019 - 5:02pm
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    As Comex gold works off some "overboughtedness", Comex silver is brushed back below its 50-day moving average. Oh well, it's just a day as events rapidly move in the direction of 2010+9.

    For today, a lengthy general discussion of trading, the bond market and open...

    Market Quotes by TradingView
    Key Economic Events Week of 6/10

    6/11 8:30 ET Producer Price Index
    6/12 8:30 ET Consumer Price Index
    6/13 8:30 ET Import Price Index
    6/14 8:30 ET Retail Sales
    6/14 9:15 ET Cap Ute and Ind Prod
    6/14 10:00 ET Business Inventories

    Key Economic Events Week of 6/3

    6/4 All day Fed conference in Chicago
    6/4 10:00 ET Factory Order
    6/5 9:45 ET Markit Services PMI
    6/5 10:00 ET ISM Services PMI
    6/6 8:30 ET US Trace Deficit
    6/7 8:30 ET BLSBS
    6/7 10:00 ET Wholesale Inventories

    Key Economic Events Week of 5/28

    5/28 10:00 ET Consumer Confidence
    5/30 8:30 ET Q1 GDP 2nd guess
    5/31 8:30 ET Personal Income and Consumer Spending
    5/31 8:30 ET Core Inflation
    5/31 9:45 ET Chicago PMI

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