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 - Thursday, May 24

It was a terrific day as the Comex metals seized some momentum following the FOMC minutes of yesterday. The POSX was lower and interest rates fell again, too. Now the stage is set for a very significant Friday as it will be important to see where prices close ahead of the 3-day US market holiday weekend.

Fed Followup

As the "markets" try to digest the implications of the FOMC minutes yesterday, we thought we'd make our own attempt at making it more clear.

TFMR Podcast - Wednesday, May 23

The latest FOMC minutes served to confirm what we have been stating for weeks...namely that the Fed has painted itself into a corner. This has significant long-term impacts for Comex gold and silver and today we discuss why.

Batchelor-Cohen on Russiagate

John and Steve used last evening's podcast to summarize the current rash of headlines detailing the concerted effort made to infiltrate and undermine the Trump campaign in 2016. Knowing this, they then ask if the entire "Russiagate" story is nothing but a fabrication and an effort to conceal the tracks of deep state malfeasance.

The Curious Case Of The USDJPY

We were first to recognize the yen-gold correlation back in the fall of 2014. In the months and years that followed, we watched this phenomenon drive the price of Comex gold on a daily basis. And then suddenly, sometime around February 1 of this year, something changed. Why?

TFMR Podcast - Tuesday, May 22

It was a mostly quiet day but that doesn't mean that progress wasn't made. And have you seen Novo today?

On Schedule

The price of Comex gold ran right into expected resistance today here on Day 6...but that's hardly surprising and we discussed this likelihood in yesterday's podcast. However, things continue to improve if anything by not worsening.

TFMR Podcast - Monday, May 21

The week begins with the both Comex metals closing near their respective highs of the day. While this may not signal that the bottom is in for this latest Spec wash, today's rally very likely shows that we're close.

Time To Rebuild

It's Day 5 of the first Comex gold Spec wash of 2018. This means that the lows are near and the bounce earlier today is very likely a sign that we are close.

Guest Post: "Mean Reversion In Equities Is Coming" -- by Olivier Garret, CEO of Hard Assets Alliance

Our friends at Hard Assets Alliance offer another timely and insightful piece for your consideration.

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