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.

Do Gold Mining Stock Prices Follow Cycles?

Argentus Maximus writes: Newmont is due to make a cycle low between 2015 and 2017. It might have already done so, but if it hasn't, there might be a buying opportunity during the latter part of this year, say the coming 12-18 months. Do your own due diligence!

TFMR Podcast - Friday, June 23

Given all of the bearish "analysis" printed after last week's FOMC and Jawboning Session, this week was perhaps noteworthy for what didn't happen versus what did.

A Turdless A2A

Pining emailed me the other day and suggested we get on the phone and chat about metals and preperation stuff for a while so that Turd can more thoroughly enjoy his vacation. Since we are both teachers, off for the summer, and with plenty of time to kill, it seemed like a good idea. Here is what happened...

TFMR Podcast - Wednesday, June 21

The week thus far has brought more price pressure in the Comex Digital Metals. However, indications are that this most recent, FOMC-driven selloff has nearly run its course.

Off the Deep End

In late October of 2016, I foolishly posted my reasons for voting for Trump on Facebook for all my friends & family to read. They did. And they proceeded to beat the hell out of me, or stand by and watch. No doubt most thought, “Don’t know what’s wrong with that boy.” “He’s gone off the deep end”

Guest Post: "Regarding Bank Bail-Ins", by James Gibson

Longtime Turdite James Gibson is author of the great book, "From West To East". He also just sent us this terrific new article which discusses the history of the Cypriot bank bail-in of 2012 and warns of future bail-ins to come.

Doldrums and Summer lows? Pining sez No!

With analysts at most public PM websites now turning decidedly bearish, with the summer doldrums staring us in the face, with the new rate hike raising interest rates (on paper making gold less desirable as it provides no yield), and with the gold seasonals suggesting that “sell in May and go away” was the play, there is a definite bearish tilt to the sector right now.  That’s why (among other things) we have a great risk-reward setup staring us in the face.  Pining thinks it’s a great place to go long (with stops)!  Here’s why:

TFMR Podcast - Friday, June 16

A long week finally comes to an end. This podcast is meant to summarize where we've been and look ahead to where we're going.

A Visit with Greg Mannarino

Late Wednesday evening, I had the opportunity to visit again with trader/author/analyst Greg Mannarino. Given all of the events before and after this latest Fed Funds rate hike, I was quite interested to get Greg's take on things.

Mother Lingers

Mother's proclamation that all is well and thus "normalization" is coming continues to send shockwaves around the globe today as other central banks now feel compelled to hike, too. She's playing with fire and it will be very interesting to see how this all plays out over the next few days.

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