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, August 21

It was a day where Comex gold managed to extend its winning streak to three days for the first time since April 9-11. There were also potentially significant developments for The Three Themes of 2018 so please come on in and have a listen.

Why We Are Where We Are

Comex gold actually reached back above $1200 overnight before being worked back lower by The London Monkeys. It's not more than $30 off last Thursday's lows but definitely not yet out of the woods.

TFMR Podcast - Monday, August 20

It was an interesting start to what promises to be a volatile week as the 2-10 yield curve flattened to its lowest level since 2007.

Peak Spec Positioning

It's not just Comex gold where we have record Speculator short extremes. The Spec crowd is also at extremes in shorting bonds, long the POSX and long the S&P. Does this seem like a Bank set-up to you, too?

Getting richer panning for gold

4:30 AM came early for this would be prospector. But I arose, made some strong coffee, and tried to wake up while catching up on the overnight posts at TFMR.  I crawled in my truck, which had been loaded with shovels and buckets and rubber boots the night before, and headed south to the Goldfields near Prescott AZ. After a 2 Hour drive, I met one of my buddies, we’ll call him “Stumpy.” We planned this prospecting trip to get rich.

TFMR Podcast - Friday, August 17

It was a long and wild week. Let's wrap things up, see where we are and look forward to where things may head from here.

Some Very Long-Term Charts

After the week we've had, we might as well assess the state of the monthly charts.

Seemingly Endless

The POSX keeps rising, the yuan keeps falling and there is seemingly no end in sight for the freefall in Comex Digital Gold and Silver.

JBSFC Return

After a two week layoff, Batchelor and Cohen returned last evening with a thorough update of the latest events in the New Cold War.

Even Worser

Yesterday's price smash has left many legitimately wondering if this latest siege will ever end.

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