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.

Jerry and Jabba

Wednesday, June 29, 2022 - 10:50am
By
21

Another day, another rally in London followed by a paper smash in New York. And why? Just more nonsense spewed today by our Monetary Masters at their little shindig in Portugal.

And yes, those are actual pictures taken at the event today. Jerry and Jabba are twins, sprung from the same...

TFMR Podcast - Tuesday, June 28

Tuesday, June 28, 2022 - 5:16pm
18

Today was just the latest in a long string of painful, torturous days that stretch back to early November of 2020. Unfortunately, to reach the point on "max pain" that finally forces a Powell Pivot, it appears that our pain level is going to need to be ramped up even higher.

And that's...

Most-Detested Goon Williams

Tuesday, June 28, 2022 - 10:46am
By
18

I think I've made my feelings about Goon Williams quite clear over the years and he's not called "Most-Detested Goon Williams" for nothing. Well, old MDGW was back out there today, spouting nonsense and demonstrating for all his utter incompetence.

And Goon Williams wasn't even on the...

TFMR Podcast - Monday, June 27

Monday, June 27, 2022 - 5:04pm
20

It was a snoozer of a day as Comex option expiration kept a lid on prices and the news flow was pretty light. That will not be the case for the remainder of the week, however, as we move toward the end of the month and quarter.

But today was quiet...a real summer doldrum day. So this...

Another Option Expiration Day

Monday, June 27, 2022 - 10:12am
By
20

A busy week begins with another Comex option expiration day. The front month Jul22 silver options will price at the Comex close today but so will some gold options, too. Does this explain some of the price action seen so far today?

I guess we'll start there. Recall that last Tuesday,...

SPECIAL PODCAST: An Update on Starr Peak Mining from CEO, Johnathan More

Sunday, June 26, 2022 - 1:00pm
7

We first introduced you to Starr Peak Mining last August and, like nearly every other mining company, the months since have not been kind to its shares. But sometimes, indiscriminate selling presents opportunity and, with that in mind, it seemed a good idea to take another look at this company...

TFMR Podcast - Friday, June 24

Friday, June 24, 2022 - 4:59pm
21

The week draws to a close and, even though rates and the POSX were lower, Comex gold and silver were down, too. Next week brings the end of the month and end of the quarter so the selling pressure may continue to be an issue for most of next week.

But that's for next week. For today, I...

Decision Day

Friday, June 24, 2022 - 10:26am
By
20

The SCOTUS is set to release their final set of decisions today, including the controversial ruling in the Mississippi abortion case. While there's a lot of other stuff going on today, nothing else has the potential to set the US aflame over the weekend.

So this ought to be fun. I have...

TFMR Podcast - Thursday, June 23

Thursday, June 23, 2022 - 4:49pm
18

It was another drag of a day with the entire commodity board in a deep shade of red. What will tomorrow bring and what would a lousy weekly close foreshadow for the weeks ahead? Come on in and have a listen.

No links of outside screenshots today. Instead, just a lengthy general...

Stuck & Stagnant

Thursday, June 23, 2022 - 10:14am
By
13

Thursday dawns as Wednesday ended with "the markets" unsure of what to do next and the Comex digital metals still stuck in an odd sort of limbo, waiting for some sort of catalyst to send them either higher or lower.

Perhaps that catalyst will come with today's flash PMIs for the month...

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Key Economic Events Week of 6/27

6/27 8:30 ET Durable Goods
6/27 1:25 ET Jul22 Silver option expiry
6/27 10:00 ET Pending home sales
6/28 10:00 ET Consumer Confidence
6/28 10:00 ET Richmond Fed
6/28 12:30 ET Goon Daly
6/29 8:30 ET Q1 GDP final guess
6/29 9:00 ET Chief Goon Powell
6/29 11:30 ET Goon Mester
6/29 1:00 ET Goon Bullard
6/29 1:25 ET Jul22 Silver off board
6/30 8:30 ET PCE and Core PCE
6/30 8:30 ET Pers Inc and Cons Spend
6/30 9:45 ET Chicago PMI
7/1 9:45 ET S&P Manu PMI
7/1 10:00 ET ISM Manu PMI

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