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 - Monday, April 6

Monday, April 6, 2020 - 5:35pm
24

The third week of the rest of your life begins with a bang as both Comex digital metals surged higher. In fact, Comex Digital Gold posted its highest daily close since February of 2013!

So, for today, no links or other items. Just a lengthy general discussion of the significance of...

Rational Thought Returns?

Monday, April 6, 2020 - 10:37am
By
15

The new week begins with global markets surging as all of the fresh QE∞ cash begins to get deployed in the hope of an eventual Covid recovery. There will certainly be days like this and hope will always spring eternal. But, for now, recovery is still a long way off.

This is, however, a...

TFMR Podcast - Friday, April 3

Friday, April 3, 2020 - 5:28pm
15

Your exhausted host tries to pull it together for one more podcast before calling it a week.

It was another crazy day. The economic data was horrible and the "stock market" finished down. But crude oil was up again while bonds were mostly flat. This helped CDG to maintain a bid for...

Working For A Living

Friday, April 3, 2020 - 11:26am
By
18

Unfortunately, the pool of folks that are working for a living is shrinking fast, as evidenced by today's BLSBS report...and it's likely to get worse before it gets better. All of which implies even greater fiscal deficits, fiat creation and debt.

I'm taking what they're giving cuz I'm...

TFMR Podcast - Thursday, April 2

Thursday, April 2, 2020 - 6:03pm
15

The Comex metals staged a sharp rally today...both before and after crude oil surged more than 20% on news of possible production cuts. This sets up an interesting BLSBS Friday with both digital metals having a chance at printing green weekly candles.

For today, a lengthy general...

Three Card Monte

The LBMA/CME give you the shuffle.

Thursday, April 2, 2020 - 11:01am
By
17

As the new-and-improved Comex delivery charade continues for April, additional details are being brought forth to assure the world that there is plenty of gold available for immediate delivery. That's nice. What's always left out, however, is how many separate entities believe they own each and...

A Link For GATA

Thursday, April 2, 2020 - 11:00am
By
6

As the new-and-improved Comex delivery charade continues for April, additional details are being brought forth to assure the world that there is plenty of gold available for immediate delivery. That's nice. What's always left out, however, is how many separate entities believe they own each and...

TFMR Podcast - Wednesday, April 1

Wednesday, April 1, 2020 - 2:49pm
16

The new month and new quarter begin with all sorts of uncertainty looming over the days ahead. So we try to clear up some of that today and re-focus upon the underlying trends that support our rationale for the holding of physical precious metal.

For today, a discussion of these three...

Another Day In The Barrel

A long month begins.

Wednesday, April 1, 2020 - 10:32am
By
11

While the outside world remains crazy and on edge, it's just another day in the precious metals. The only thing that's changed is the growing sentiment that the price derived through the fractional reserve and digital derivative pricing scheme is increasingly irrelevant.

So, welcome to...

TFMR Podcast - Tuesday, March 31

Tuesday, March 31, 2020 - 4:40pm
19

If we only knew what was really going on behind the scenes of the global gold market in these unprecedented times. Physical shortages lead to a massive surge in Comex delivery volume all while spot prices are driven lower and futures prices are smashed.

For today, I ask you to review...

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

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