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, October 9

It was a quiet day due to the Bank holiday on the US. However, as soon as this evening, things may begin to get a tad more volatile so please be sure to listen to this abbreviated podcast.

No Bank Monday

The Comex Metals have been higher since last evening and the US Banks are closed today. Coincidence? HAHAHAHA! Now, if only we could figure out a way to close The Banks for a week...or a month...or longer.

Reflections of a Sell-Out

Two weeks ago, on FOMC day, I loaded a number of ammo-cans into my truck and drove down to the LCS to show them what was inside and see if they wanted to buy it. The contents were precious to me, containing most of my stack of silver and all of my gold. but I learned a few things about myself and about dealing in precious metals. I need to learn more.

TFMR Podcast - Friday, October 6

The week ends on an uptick and in a manner we laid out for you back in mid-September. So now, what's next? With China back next week and with a US bank holiday on Monday, we likely won't have to wait too long to find out.

The Fix Was In

Just as how a negative job print doesn't matter, and just as how earnings rising solely due to hurricane-related overtime doesn't matter, the fix was in today for the "metals"...just as we've been expecting for over three weeks. Now comes the test. Will we also be proven correct that the lows for this latest Spec wash are now upon us?

An Interesting Discussion with James Turk

Earlier today, we had the opportunity to get caught up with James Turk, legendary founder of GoldMoney. Besides giving us an update on the global precious metal markets, James also provided some background information on an important new venture he has started called Lend & Borrow Trust Company.

Dr Copper On The Rebound

Today is playing out much like yesterday with an overnight rally blunted be a pre-NYSE open surge in the USDJPY. There is one bright spot, however, and he goes by the name "Dr Copper".

TFMR Podcast - Wednesday, October 4

Another ho-hum day as we wait for BLSBS Friday and an eventual turn in the current trend for both CDG and CDS.

The Waiting

In honor of the late Tom Petty. Seems appropriate.

The waiting is the hardest part
Every day you see one more card
You take it on faith, you take it to the heart
The waiting is the hardest part

TFMR Podcast - Tuesday, October 3

It was a mostly quiet day in the Comex metals but that likely won't be the case tomorrow as an assortment of economic datapoints await as well as a return appearance of Mother at a banking conference in St. Louis.

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