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.

It's BLSBS Week...Again

Monday, November 29, 2021 - 10:44am

'Tis the week of Hannukah and tis also the week of the next BLSBS. I think I'd prefer eight gifts to the laundry list of datapoints and Fed Goons that we have to navigate again this week.

So I guess that's where we'll's going to be another long week. For now, it appears that...

TFMR Podcast - Friday, November 26

Friday, November 26, 2021 - 1:34pm

What an unexpected and wildly volatile day to end the week as news of a new Covid mutation grips the world with concerns of new lockdowns. Just about everything with a bid was sold and the only thing green was Comex gold and the bond market. What happens come Monday? Your guess is as good as...

TFMR Podcast - Wednesday, November 24

Wednesday, November 24, 2021 - 5:02pm

It was a mostly quiet, pre-holiday trading day and tomorrow brings the US market holiday of Thanksgiving. So here's just a brief summary podcast of the day's events and a chart reset with levels to watch through the Friday close.

For today, a discussion of the news that has come in...

Here Comes A Data Dump

Wednesday, November 24, 2021 - 10:28am

The last significant economic events of the week will be released this morning. It's hard to see how the price action could get any worse for the Comex metals but we'll have to watch to see how things respond.

Already today, a few datapoints were released at 8:30 ET. We got the:...

TFMR Podcast - Tuesday, November 23

Tuesday, November 23, 2021 - 5:51pm

It was a very busy news day...much busier than I would have expected given that it's a holiday week here in the US. So come on in and have a listen as we try to bring you up-to-speed with all that is taking place and we discuss some week end price goals for the Comex metals, too.



Tuesday, November 23, 2021 - 11:09am

Wow. We knew that The Banks had added over 100,000 contracts of new open interest during the rally and we knew that The Banks would also try to rig price lower into option expiration day. But this latest effort to deflate enthusiasm for all things precious metal is particularly ruthless...not...

TFMR Podcast - Monday, November 22

Monday, November 22, 2021 - 5:19pm

After PETUS moved to reinstall Chief Goon Powell for another four years, the POSX soared, the bond market tanked, real rates moved higher and the Comex digital metals got smashed...and conveniently, right before the big Dec21 option expiration day.

So today's podcast was just a summary...

Chief Goon Powell Returns

Monday, November 22, 2021 - 10:44am

We've spent the past few weeks wondering whether or not PETUS would nominate Chief Goon Powell for a second term as head of The Fed and today brought our answer. It has also brought the 29th massive red candle for the 2021 daily chart. That's more than a full month of massive red candles! No...

TFMR Podcast - Friday, November 19

Friday, November 19, 2021 - 5:22pm

Be warned, this is not a happy podcast. In fact, your host has found himself in a dark place this afternoon and it seems almost impossible to record something light and cheery as the world around is deliberately made to spin out of control.

The lies, fraud and criminality are pervasive...

A Dark Year Ahead

Friday, November 19, 2021 - 10:46am

This has come up a few times recently during my public interviews. And what's that? The notion that, while 2021 has been a crazy year, the year 2022 is going to be outright gloomy and dangerous. What does that mean for the precious metals? I don't know yet but life, in general, is about to get...

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Key Economic Events Week of 12/6

12/7 8:30 ET US Trade Deficit
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 10:00 ET JOLTS job openings
12/10 8:30 ET CPI
12/10 10:00 ET UMich consumer sentiment
12/10 10:00 ET Five-year inflation expectation


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