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, November 25

Wednesday, November 25, 2020 - 5:15pm
20

Gosh, what a day. Long and busy. Tomorrow brings a U.S. market holiday and I'm all for it as I could really use a day off. But first, we have a podcast to record.

This was such a busy day that I feel that most of the news of the day has passed me by. I've tried to play catch up but...

December To Remember?

Wednesday, November 25, 2020 - 10:14am
By
23

Every year at this time, I begin to see television commercials for the car company Lexus. Their annual sale is called "The December To Remember" and the commercials run through the entire football bowl season. Will we have our own "December To Remember" in regards to Comex delivery stress?...

TFMR Podcast - Tuesday, November 24

Tuesday, November 24, 2020 - 5:32pm
28

Another day, another price smash designed to coerce and dissuade all parties from standing for December delivery. If you don't quite understand what I mean, please be sure to give this podcast special attention today.

As discussed this morning, that highly unusual purchase and delivery...

SPECIAL PODCAST: Dr. Quinton Hennigh of New Found Gold Corp.

Tuesday, November 24, 2020 - 4:07pm
9

On Monday, I finally had a chance to visit with Dr. Quinton Hennigh. Many of you know Dr. Hennigh as the president of Novo Resources but he's also a technical advisor and board member to a promising new company called New Found Gold. Take my word for it. You want to listen to this podcast....

Another Liquidation Event

Tuesday, November 24, 2020 - 10:46am
By
33

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin...at least that's what The Banks hope you do...

TFMR Podcast - Monday, November 23

Monday, November 23, 2020 - 5:15pm
26

For the third Monday in a row, digital metal prices were hammered on the Comex today. But now, with option expiration looming for tomorrow, do not be surprised if prices actually rally back a little in the hours ahead.

But then, for the rest of the week? We'll see. What we know for...

SPECIAL PODCAST: Paul Matysek of Victory Metals

Monday, November 23, 2020 - 11:00am
4

Paul Matysek is a renowned resource investor. In fact, in 2018 he was named the EY "Entrepreneur Of The Year" for the mining and resource sector. So when I heard about the direction he was taking his latest project, I jumped at the opportunity to visit with him.

At present, Victory...

Turkey Week

Monday, November 23, 2020 - 10:48am
By
20

It's Thanksgiving Week in the U.S. and the week begins with a real turkey of a day as the latest "flash" PMI numbers for November are used as cover to "flush" the Comex metals. It's a good thing this week is my favorite for excessive wine drinking as it looks like I'm going to need it....

TFMR Podcast - Saturday, November 21

Saturday, November 21, 2020 - 11:34am
24

It's another Saturday podcast and we have a lot to cover so please settle in and give this podcast a listen sometime this weekend.

For today, another reminder that the Dec20 option expiration is next Tuesday with the contracts going off the board and into delivery next Friday. In prep...

Alright, It's Friday!!

A long week is nearly over.

Friday, November 20, 2020 - 10:30am
By
22

When the LTs were little, we would scream this in the car on the way to school. Friday is always the best day of the work week and it was just our way of getting excited for the weekend. And after how this week has gone, we should all be excited that it's nearly over.

As a further...

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Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

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