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.

Monday Morning Came Without Warning

A new week begins and it's going to be an interesting one to say the least. We'll be watching some economic data to begin the week, the situation in Catalonia and Korea the entire week and the week ends with a speech by Mother on Friday.

TFMR Podcast - Saturday, October 14

Both Comex metals ended Friday at their daily and weekly highs. This is usually a bullish signal for the week ahead and that certainly fits into our 2017 forecast of the highest prices coming in Q4.

Back To September 7

In early September, Comex Gold was charging higher on the two prongs of North Korea and a looming US fiscal showdown. On September 7, a deal was struck and metal prices proceeded to fall for the next four weeks. Well, guess what? Both risks are back today and this can only mean one thing.

A2A with Willem Middelkoop

Willem Middelkoop is an Amsterdam-based author and commodity fund manager. Somehow it had been over a year since we last spoke with Willem so we had plenty to discuss today. Please be sure to give this podcast a listen.

Gold Hold

After gradually rallying overnight, Comex Gold looked set to crawl back above $1300 this morning until the latest PPI number pushed it backward.

TFMR Podcast - Wednesday, October 11

We survived the always-dreaded FOMC minutes as the Fed made it sound as if a rate hike in December is not quite the fait accompli that some would believe. This makes the inflation data to be released tomorrow and Friday rather important in terms of how the prices of CDG and CDS finish the week.

FOMC Minutes This Afternoon

In less than three hours, the minutes of the September FOMC meeting will be released. Since little price action is expected until then, here's just a short post designed to remind you of levels to watch this afternoon and into the overnight.

An Update from Batchelor and Cohen

After skipping last week, John and Steve returned last evening with an update on military buildups along the Russian frontier as well as further diplomatic breakdowns between the two sides of The New Cold War.

TFMR Podcast - Tuesday, October 10

Another day with a magical USDJPY reversal leads to only modest gains for both Comex metals. Still, considering where we were just a few days ago, this isn't all that bad.

GAN2017 Rolls Over Again

Even without a Nork missile test, the all-important USDJPY has continued to drift lower today as Trump's domestic agenda again appears stalled. Just as we've seen on several other occasions this year, GAN2017 is failing and this is prompting the Comex metals to reverse and begin a new move higher.

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