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.

Looking For a Bottom (White-out Edition)

Though I've tried to swear off the short-term charts for the time being, the price action today and tonight drew me back in. Then, with the addition of a little of Mrs. F's white-out, look what I found.

An Interesting Development

Below is something that many of us just noticed. Hmmm...:

Now, I'm not sure what kind of "operational difficulties" would lead this company to "permanently close for business" but it sure is an interesting development, to say the least.

What's Really Going On

After a wild and crazy Globex opening, the metals have rebounded. Is the massacre over? Maybe.

TFMR Podcast #2

In what will become a regular, bi-weekly segment, I proudly give you podcast #2. This week's guest is Gonzalo Lira. Many of you are familiar with Gonzalo's work but, for those of you that aren't, this hour-long discussion will be a real eye-opener. This was recorded late Wednesday, before the late week carnage and, frankly, I don't recall if we spent much time discussing "Operation Twist". No matter. The discussion is more about where we go from here and the important work that Gonzalo does at his sites, and  Enjoy.

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I'll always remember where I was when silver was crushed for $6 on the Sunday night back in April. I'm sure that I'll never forget the past two days, either. These are amazing times to be alive. Historic.

OK, Here Are Some Charts

I hope you're sitting down because these charts are not pretty.

No Charts Tonight

After a long day, I knew I had to post something for you. If anything we have to start a new thread because the old one is now over 600 comments. I could take what has become the usual theme and expand on it but I'm not going to. No charts tonight. Just a brief, frank discussion about what is to come.

Bad Day To Quit Sniffing Glue

It's also a bad day to be traveling, which I am. So I will be out and unavailable all day. I would heartily suggest you stop by the chatroom or "pailin's trading corner" in the forums if you're looking for ongoing discussion.

Lots of Choices. All of Them Bad.

You know, in a way, I kind of feel sorry for The Bernank. As a central-planning plutocrat, the poor guy has put himself into a very tough position. He chairs the Federal Reserve as we stand at the end of the Great Keynesian Experiment. Bummer for him. Lots of choices. All of them bad.

More From Carnac

I may look like a complete idiot in about 10 minutes but I wanted to get on the record before we hear from The Bernank and his minions.

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