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.

Spoke Too Soon - Gold and Silver Still Declining

Well, nuts. I sat here yesterday and kept looking at that gold chart and thinking (hoping?) that maybe, just maybe, the worst was behind us. Once again, it looks like I spoke too soon and should have, instead, stuck with my ideas from last week.

The Wisdom of Uncle Ted

As many of you know or suspect, I am a subscriber to Ted Butler's newsletter service. Simply put, "Uncle Ted" has forgotten more than I'll likely ever know about the silver market and I find his perspective to be quite valuable. He usually puts out two newsletters per week and, last Monday, after reading his "Weekly Review" of 2/25/12, I asked him for his permission to re-print it here, in its entirety. It's nothing unusual, earth-shattering or out-of-the-ordinary. It is, however, a discussion of many of the issues we commonly mention here and it serves as a fine example of the value of his service.

Is It Monday Already?

Sheesh! After last week, I was really looking forward to some down time and now, all of a sudden, it's Monday. Oh well, not much we can do except deal with it.

TFMR Podcast #14 - Ned Naylor-Leyland Discusses PAGE, Silver and True Price Discovery

“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”

― Richard Buckminster Fuller

Please stop what you're doing and listen to this extremely important interview with Ned Naylor-Leyland of Cheviot Asset Management in London.

Ridden Hard and Put Away Wet

I don't know about you, but I'm ready for this week to be over. The title of this thread refers to an old adage of the American West and it has to do with horses which, as you might know, need to be cooled and "walked" after a strenuous ride. Pretty well sums up how I feel. I need to be cooled and walked after this strenuous week. No time for that yet, though. We've still got to get through today's trade and, later on, I'll have some very important information for you.

CSI: Comex. The Gold and Silver Massacre

As with most crime scenes, evidence can be difficult to uncover. First, you have to know where to look for the evidence. Then, how do you build a case if the only evidence you find is circumstantial? Well, your humble correspondent is willing to give it a try.


Malicious Intent

I would imagine that most of you have already spent time last evening and today, digesting and learning from all of the information regarding the events of yesterday. Frankly, I have neither the time nor inclination to give you a full rehash of the events. So, for the sake of brevity, let's get right to it.


Two of these charts just ain't like the others. Two of these charts just ain't quite the same.

The Bots and The Cartels Simultaneously Attack

The reason given for the smash of gold and silver is the testimony of The Bernank. Hmmmm. Of course, stocks aren't down very much. Hmmmm. Look, Santa has warned us repeatedly that there is extreme volatility coming. Today's action is certainly a part of that trend. If you can't stomach the volatility, I suggest you completely avoid trading and only use the big dips like today for adding to your stack.

Long and Strong

Wow! Has does that feel?!? Pretty nice to be on the plus side of a $2 move, isn't it?

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