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 - Monday, May 22

A great start to the week so let's check the charts and get some ideas as to where we should be heading from here.

Some Perspective On The Latest Commitment Of Traders Report

Last Friday's CoT for the Comex Metals was rather interesting from an historical perspective. Because of this...and because we know that not everyone listened to Friday's seemed appropriate to type up this written summary today.

TFMR Podcast - Friday, May 19

A wild end to a crazy week and we're left speechless by a CoT report that, IF it is accurate, provides hope for both the short and intermediate term.


There are some days and weeks that leave ole Turd utterly exhausted...and here we are. To paraphrase the immortal words of Chris Powell, "there are no markets, there are only manipulations/interventions".

TFMR Podcast - Thursday, May 18

A tough day to watch as endless Bank USDJPY pumping sent the Comex metals back down to important technical levels. Can/will these levels hold into tomorrow's weekly close? That's the big question and we discuss it in this podcast.

Total Control

Even with all of the madness of yesterday and the ongoing meltdown in Brazil, US stocks are higher this morning as the USDJPY is pumped up by The Fed et al in the hope of maintaining their dreams of another rate hike in June.

TFMR Podcast - Wednesday, May 17

A wild day as the USDJPY and interest rates fell sharply on the growing realization that GAN2017 is dead...poisoned by a politically-radioactive Trump.

GAN2017 Continues To Crumble

Didn't we just write about this again yesterday? And now here we are. The investment world is finally beginning to realize that the entire, Banker-promoted Trump narrative is crumbling into dust.

TFMR Podcast - Tuesday, May 16

Another winning day for the Comex metals sets up an interesting battle with key resistance in the days ahead. As usual, however, the degree of success will be largely determined by the USDJPY and not actual fundamentals.

POSX Swoons to New 2017 Lows

Recall that one of the key tenets of The Generally Accepted Narrative for 2017 was a return of "King Dollar". This was supposed to be easy. The dollar was supposedly going straight up in 2017. Oops.

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