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 - Friday, July 30

Friday, July 30, 2021 - 5:05pm
19

I'm not going to let the past 24 hours of overt Bank price manipulation take away from what was a very nice week for the Comex digital metals.

It was, indeed, a very solid week with Chief Goon Powell setting the table for more gains in the weeks to come. Next week promises to be active...

Week End Month End

Friday, July 30, 2021 - 10:43am
By
19

The week and month finally draw to a close today with the ongoing rebound bringing hope for a better August. But there are some hurdles to overcome as we try to reverse the June losses so let's all get on the same page today as July finally draws to a close.

Greetings from Summer...

Thursday Conversation - Denver Dave Kranzler

Thursday, July 29, 2021 - 2:00pm
With
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My old pal, Denver Dave, stops by today to discuss The Fed, the word "transitory", the price of Comex gold and the malaise in the mining shares. If you don't think that's fodder for an amusing and entertaining discussion, then you've not heard Dave and I share a podcast before.

Again,...

Post Powell Pop

Thursday, July 29, 2021 - 9:04am
By
18

As noted in yesterday's podcast, Chief Goon Powell muttered his way through his post-FOMC "press conference" and did an excellent job at convincing the smartypant MSM financial media that taper and rate hike are still nowhere in sight. As you might expect, this has led to some rather friendly...

TFMR Podcast - Wednesday, July 28

Wednesday, July 28, 2021 - 6:01pm
23

Chief Goon Powell through some cold water on the MSM narrative of pending taper today and, in the process, stumbled to define what "substantial further progress" actually means to him and his Goons. The result was a plunge in the POSX and interest rates which, of course, meant a nice bounce and...

July FOMC Day

Wednesday, July 28, 2021 - 10:34am
By
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MrsF gave me a framed version of that famous Johnny Cash picture for Father's Day and it proudly sits on the bookshelf behind me as I type. Could there be a better image to sum up another FOMC Day?

So here we are again. The desperate-for-headlines mainstream financial media is once...

TFMR Podcast - Tuesday, July 27

Tuesday, July 27, 2021 - 4:35pm
20

Since last week, we've expected an option settlement near $1800 and we go just that today. However, that's now behind us so we can begin to focus upon Chief Goon Powell, his FOMC Fedlines and his "press conference" tomorrow.

What will CGP have to say? How many times will he use the...

Putting Tuesday Behind Us

Tuesday, July 27, 2021 - 10:39am
By
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Since last week, we've been warning that the price of Comex gold was likely going to stuck in the mud near $1800 until option expiration day...which is finally today. So, let's put this behind us and begin to look forward to the remainder of the week and next month.

Again, we're not...

TFMR Podcast - Monday, July 26

Monday, July 26, 2021 - 5:07pm
19

It was another gnarly day in paradise as The Banks maintain their stranglehold on the Comex digital metals ahead of tomorrow's Comex option expirations. Will things finally improve later in the week after the FOMC and the inflation data? Let's talk about it.

For today, we begin the...

Another FOMC Week

Monday, July 26, 2021 - 9:53am
By
20

Oh my goodness. Another FOMC week? How could that be? Wasn't there just an FOMC meeting a few weeks ago?

But, yes, there is. It'll be the standard schedule, too, with Fedlines at 2:00 pm ET on Wednesday and then a "press conference" with Chief Goon Powell at 2:30. So what will be said...

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Key Economic Events Week of 8/2

8/2 9:45 ET Markit Manu PMI
8/2 10:00 ET ISM Manu PMI
8/3 10:00 ET Factory Orders
8/4 8:15 ET ADP Jobs report
8/4 9:45 ET Markit Service PMI
8/4 10:00 ET ISM Service PMI
8/6 8:30 ET BLSBS

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