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.

New Year's Eve

What are you doing, New Year's Eve? Well, if you're like me, you're cleaning the house on the orders of the Mrs. In between chores, however, I figured you might be looking for a distraction so I present these two items.

Revise and Extend

Just wanted to take a moment and add a few thoughts to the previous post.

I wrote that post late Wednesday with the intention of keeping it up all day yesterday. I had a hunch that The Cartel would try to gun the PMs yesterday and they did. Is it a concern that they were able to smash gold through 1550? Of course. However, it's not the end of the world by any means.

The Moment of Truth

If you're about my age, you probably can't read that title without thinking of this song. By the way, Elizabeth Shue sure was freaking HOT back then.

No Charts Today (updated with a chart!)

Because it's all just nonsense. The euro just dropped for no real reason. The incumbent rise in the dollar caused the metals to take the elevator down about 5 floors. Silver has broken through 28 and looks now to be headed toward 26. Maybe by next week we can begin to assess the damage The Cartel is inflicting. Until then, all we can do is watch.

Holiday Trading

I hope that everyone had a happy Ramuhanukwanzmas. After being closed yesterday, the markets are back open today and...surprise, surprise...the precious metals are trading lower.

TFMR Podcast #9 - "Ranting Andy" Hoffman

Yesterday, I had an opportunity to speak with Andy Hoffman of Miles Franklin Precious Metals Investments. If you not already a fan of the daily "Ranting Andy" blogposts from Miles Franklin, you likely become one after you've listened to this forty-minute podcast.

Brash, bold and insightful, Andy combines his expert analysis with a New York, tell-it-like-it-is attitude. The result is some of the consistently best PM analysis on the internet.

Christmas Eve Eve

Has this ever happened to you? Your spouse or "significant other" tells you something like "let's not spend money on each other this year". Let's just get "one or or two small presents" and spend money on other stuff, instead. Then you wake up on 12/23 and find all sorts of presents with your name on them under the tree and realize that, instead of relaxing, you'd better get your arse back to the! That's where I'm headed today but first, this quick update.

Quick Update

Just wanted to add a few things before the end of the day.

Happy RamaHanuKwanzMas

I found our next holiday video while listening to Glenn Back back in 2007. It's a sort of anti-PC anthem. If you are overtly political or easily offended, I suggest you simply skip it. If you're not, you'll likely have the frustratingly catchy chorus stuck in your head all day.

Taking The Day Off

Like John's last words to Yoko: "You're on your Ono". 

Open thread.

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