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, June 14

Friday, June 14, 2019 - 4:11pm

Your gracious host finds himself in need of anger and stress management after a second consecutive Friday of price capping and manipulation as The Banks, with their infinitely deep pockets, are able to rig prices down and away from critical resistance.

After a lengthy, anger-filled...

Here Comes A Busy Friday

What an interesting day this promises to be.

Friday, June 14, 2019 - 7:51am

As mentioned in Thursday's podcast, I'm going to be out all morning and into the afternoon. So here's a post with some reminders of what to watch in the headlines and what to watch on the charts.

First of all, I've already recorded with Eric. You should be sure to listen this week:...

TFMR Podcast - Thursday, June 13

Thursday, June 13, 2019 - 5:08pm

The Drums of War beat loudly today, all while the US edges closer to (into?) the recession that the bond market is telling you is coming.

So, speaking of the bond market, we begin with today with these two links:

  • ...

The Persian Gulf Of Tonkin

Keep an eye on the headlines today.

Thursday, June 13, 2019 - 10:29am

War drums beat loudly today and the fog of war is already getting thicker.

In case you're not familiar with the "Gulf of Tonkin Incident" that led to increased US involvement in Vietnam, you can read about it here: https...

TFMR Podcast - Wednesday, June 12

Wednesday, June 12, 2019 - 5:12pm

There was a lot going on today so please come on in and five this podcast a listen.

For today, we begin by discussing these two links:

Comex Silver Open Interest Surging

Only physical metal matters.

Wednesday, June 12, 2019 - 10:51am

Here we go again with open interest surging on the Silver Comex. And while we'll dutifully type up this post, I must admit to feeling a bit worn out.

And why is that? Because no one outside if my little world seems to give a damn. Again, think about the fraudulent nature of this......

TFMR Podcast - Tuesday, June 11

Tuesday, June 11, 2019 - 5:47pm

Comex precious metal prices appear to have stabilized following the late Friday and Monday selloffs so today we take time to discuss the outlook for next week and the rest of the month.

First of all, please take time to read this week's post for Sprott Money:...


The Fed's quagmire deepens by the day.

Tuesday, June 11, 2019 - 10:17am

In another sign that fed funds rate cuts are coming, today's Producer Price Index showed barely any price inflation pressure. Throw this on with the faltering US economy and you have a 1-2 punch of reality hitting The Fed square in the nuts.

Though the PPI printed at "just below...

TFMR Podcast - Monday, June 10

Monday, June 10, 2019 - 5:14pm

The day unfolded almost as anticipated in our Saturday podcast and there may be some extended weakness to come later this week. However, the trend is definitely in our favor as the summer, and the remainder of 2019, plays out.

For today, please check these two links:

  • ...

Monday Blues

But no one here should be surprised.

Monday, June 10, 2019 - 11:53am

We're giving some back today but that's not unexpected after the late Friday Trade War news. And then when you consider the overbought conditions and the always-present desire manage price...well, none of this should be surprising at all.

Much of the driving force behind last evening's...

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories


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