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, May 18

It was a no-fun week but it ended with a CoT report that shows some bullish extremes. And now, with another FOMC looming and a track record of price rallies out of FF rate hikes, gold is set to recover and attain the next level of highs, just as we began forecasting late last year.


Suddenly, there seems to be some really serious shit bubbling just below the surface again. Though we can't yet tie it all together into one neat little package, there certainly are signals out there that make you wonder if the global apple cart is about to be turned upside-down once more.

TFMR Podcast - Thursday, May 17

It was another quiet day as the Gold Spec Wash continues so we take some time to discuss the old Grant Williams theme of "Nobody Cares" as well as our discussion yesterday with Jim Grant of Grant's Interest Rate Observer.

Day 3

The price of Comex Digital Gold isn't falling today but it's not moving higher, either. History tells us that this is just about what you'd expect on Day 3 of a Large Spec Washout.

TFMR Podcast - Wednesday, May 16

It's time for another history lesson as today we discuss again the ongoing Spec wash in Comex gold and compare/contrast it to the most recent, similar events of 2017.

John and Steve Discuss The New Cold War

Batchelor and Cohen returned last evening to update the tenuous circumstances of The New Cold War.

Watching The Washing

We might as well find a few other things to talk about to keep us occupied while we wait for the first Comex gold Spec wash cycle of 2018 to complete.

TFMR Podcast - Tuesday, May 15

Both Comex metals were smashed in what was seemingly a premeditated attack. But what can you do? It's not like we haven't seen this movie countless times before. So today, we discuss the methods and the goals of this latest event and then begin to construct a strategy from which we can profit when this latest Spec wash comes to an end.

Comex Gold Spec Flush

For a few days last week, it appeared that we would avoid this fate. I guess not. So now that The Leghounds have laid into us, it's best we just sit back and let them finish.

TFMR Podcast - Monday, May 14

On an otherwise dreary Monday, we take some time today to note the declining Comex registered gold stocks as well as the increasing contango of the gold futures board.

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