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 1

The Comex metals surged today with Comex Digital Silver posting its largest, one-day gain thus far in 2017. What was behind the moves. C'mon in and let's talk about it.

A Puzzling Day

Quite a few crosscurrents appearing today as bonds and commodities are up even though the USDJPY is up, too. Is this something significant or just a one day event?

TFMR Podcast - Tuesday, October 31

The daily chart of the USDJPY still gives us short-term hope for CDG and CDS. However, the news and events of the next 72 hours will have a far greater impact so we'll need to keep an eye on the headlines and remain alert for volatility.

Spooky Developments

Two not-unexpected developments occurred overnight and this morning. First, the all-important USDJPY bounced from a double-bottom at 113 and then moved 45-degrees higher. Second, The CME and The Banks have decided to sink their fangs into Bitcoin through the introduction of Bitcoin futures.

TFMR Podcast - Monday, October 30

The week begins with things headed in the right direction as USDJPY and interest rates fall, prompting CDG and CDS to rise.

Settle In

Wow, it's going to be a really busy week with headlines dominated by politics, geopolitics and economic datapoints. There's even an in-between FOMC meeting. So settle in and prepare for some volatility all the while keeping in mind that it's not how you begin the week that matters...

Guest Post: "Bull In A China Shop" by Jim Quinn of The Burning Platform

Jim Quinn has the unique ability to cut through the noise and present the facts. His latest, posted earlier today, is a must read for anyone incredulous at the continually rosy economic picture painted by the mainstream financial media.

TFMR Podcast - Friday, October 27

A surprisingly good day after the GDP numbers. We watched the all-important USDJPY sink from its highs and this prompted a rally in both Comex metals that helped them to end at their highs of the day. And now we're set up for a very interesting week next.

Q3 GDP Soars

Apparently the old Keynesian fallacy regarding "broken windows are good for GDP" was on display once again as Q3 US GDP beat expectations this morning. This has predictably spiked the USDJPY and now Comex gold sits poised for a fall, right upon its 200-day moving average.

TFMR Podcast - Thursday, October 26

With Comex gold prices smashed along with the euro, it now appears we are very close to the 200-day MA washout that we've been worried about for the past week or so. From there, can price hold above key support and begin to rebound into year end?

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