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 - Wednesday, July 28

Wednesday, July 28, 2021 - 6:01pm

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

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

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

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

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

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...

SPECIAL PODCAST: Amir Adnani, Chairman and Founder of Gold Mining, Inc.

Sunday, July 25, 2021 - 10:00am

As you've learned here at TFMR, sometimes the key to successful investing is to recognize the value in finding market inefficiencies. I think I may have discovered one in Gold Mining, Inc. so I thought it would be a good time to hear again from Amir Adnani, the founder and chairman of the...

TFMR Podcast - Friday, July 23

Friday, July 23, 2021 - 5:02pm

The week has drawn to a close so it's time to wrap it up and put it behind us.

Next week will be interesting with the July FOMC and some July inflation data. For this week, though, just a general discussion and then a mention of this screenshot:...

At Least It's Friday

Friday, July 23, 2021 - 10:37am

That's about the only good thing I can say about today as summer doldrums and pending option expirations have seemingly sucked the life out of the Comex digital metal markets.

It doesn't necessarily have to continue this way all the way through next week. Yes, Comex option expiration...

Thursday Conversation - Alasdair Macleod on Basel III

Thursday, July 22, 2021 - 2:54pm

We all felt sucker-punched two weeks ago when the Prudential Regulation Authority of The Bank of England seemed to throw a lifeline to the LBMA and possibly exempt the Gold Pricing Cartel from the capital requirements of Basel III. However, after some digging and thought, our friend Alasdair...

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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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