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, September 13

The action today only confirms what we've been saying for weeks. Namely, the current downtrends remain in place and that attempting to catch a a falling knife is usually a dangerous idea.

Hope Percolates

A weak CPI and a "hawkish" Count Draghi have combined to shove the POSX lower today. Thus, hope springs eternal that a bottom has been found for this most recent, five-month downtrend.

TFMR Podcast - Wednesday, September 12

The Comex metals jumped today on weak inflation data and headlines regarding new US trade talks with China. But will more inflation data and the ECB turn everything right back lower tomorrow?

Going With The Flo

In what can hardly be called a shock, the mid-year POSX rally has led to a Producer Price Index today that came in well below "expectations". Now it's just one datapoint but it's definitely something worth noting.

TFMR Podcast - Tuesday, September 11

Comex gold and silver bounced back today after some early morning losses and now we await two, successive days of news with US inflation data and Count Draghi on the docket.

No Rest For The Weary

And so it continues. The yuan weakens and the price of Comex gold falls. Endlessly. Relentlessly. But the value of my shiny stack remains unchanged.

Trying Times

A new week begins that will be filled with news on inflation, ECB intentions and a landfalling hurricane. And we're still two weeks away from the September FOMC! Good grief...

TFMR Podcast - Saturday, September 8

We devote this nearly this entire podcast to a discussion of the latest Commitment of Traders and Bank Participation reports. Please make some time this weekend to give it a listen.

Another Red Candle

The reaction to today's BLSBS assures that we'll end the week with another red candle for Comex Digital Gold. That's 16 of the past 21 weeks and it marks the ugliest sustained downtrend in years.

TFMR Podcast - Thursday, September 6

With the latest edition of the BLSBS on tap for tomorrow, we thought that today we should take a look at the weekly charts so that we know what to watch into the Friday close.

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