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 - Friday, December 15

The CoT report changes came in almost precisely as expected and things are going exactly as planned. Please be sure to carve out some time this weekend to listen to this podcast.

For Today, More Of The Same

Once again, stocks are driven higher and the metals are shoved lower by a NYSE-opening spike in the USDJPY. OK, fine. Whatever. This is all just setting up to make the impending short squeeze that much more interesting.

TFMR Podcast - Thursday, December 14

With the Spec algos putting good money after bad, prices failed to rally today as much as they should have. Regardless, we have no doubt that the trend is now our friend as we head into 2018.

Spec Shorts Double Down

Most of yesterday's gains have now been taken back as Spec shorting resumed anew as soon as the Comex opened this morning. Meh, whatever. Let 'em. They're simply sowing the seeds of their own future losses.

Batchelor and Cohen Return

The good professor returned from a two-week hiatus last evening and the discussion picks up right where it last left off...namely, the New Cold War and the elements in The West that seem hell-bent on driving it toward hot war.

TFMR Podcast - Wednesday, December 13

Mother bids adieu but leaves behind some presents for us to unwrap and dissect. Through it all, the USDJPY tanked, bonds were bid and the Comex metals moved up sharply. So of course we ask, does FOMC Day 2017 mark another price bottom and, as in 2015 and 2016, is this the beginning of the next rally?

Pre-Fedline Open Thread

Uh-oh. You know what that means, don't you? It's time for a Hat Contest!

TFMR Podcast - Tuesday, December 12

In the lull before Mother's storm tomorrow, today we speculate about the future as we discuss the CoT positioning ahead of the next report due Friday.

"Take A Look Around You, Ellen. We're At The Threshold Of Hell!"

Wow, it definitely feels like we've slipped through a wormhole and found ourselves again in December of 2015. I've mentioned several times this year that 2015 felt like a capitulation. If it was, then December 2017 is painting a capitulation double bottom.

TFMR Podcast - Monday, December 11

This week and the end of 2017 are playing out just as the same time period in 2015 and 2016. So to that end, what's to stop another year end turn and rally?

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