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.

SPECIAL PODCAST: Dr. Quinton Hennigh of New Found Gold Corp.

Tuesday, November 24, 2020 - 4:07pm

On Monday, I finally had a chance to visit with Dr. Quinton Hennigh. Many of you know Dr. Hennigh as the president of Novo Resources but he's also a technical advisor and board member to a promising new company called New Found Gold. Take my word for it. You want to listen to this podcast....

Another Liquidation Event

Tuesday, November 24, 2020 - 10:46am
By
33

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin...at least that's what The Banks hope you do...

TFMR Podcast - Monday, November 23

Monday, November 23, 2020 - 5:15pm
26

For the third Monday in a row, digital metal prices were hammered on the Comex today. But now, with option expiration looming for tomorrow, do not be surprised if prices actually rally back a little in the hours ahead.

But then, for the rest of the week? We'll see. What we know for...

SPECIAL PODCAST: Paul Matysek of Victory Metals

Monday, November 23, 2020 - 11:00am
4

Paul Matysek is a renowned resource investor. In fact, in 2018 he was named the EY "Entrepreneur Of The Year" for the mining and resource sector. So when I heard about the direction he was taking his latest project, I jumped at the opportunity to visit with him.

At present, Victory...

Turkey Week

Monday, November 23, 2020 - 10:48am
By
20

It's Thanksgiving Week in the U.S. and the week begins with a real turkey of a day as the latest "flash" PMI numbers for November are used as cover to "flush" the Comex metals. It's a good thing this week is my favorite for excessive wine drinking as it looks like I'm going to need it....

TFMR Podcast - Saturday, November 21

Saturday, November 21, 2020 - 11:34am
24

It's another Saturday podcast and we have a lot to cover so please settle in and give this podcast a listen sometime this weekend.

For today, another reminder that the Dec20 option expiration is next Tuesday with the contracts going off the board and into delivery next Friday. In prep...

Alright, It's Friday!!

A long week is nearly over.

Friday, November 20, 2020 - 10:30am
By
22

When the LTs were little, we would scream this in the car on the way to school. Friday is always the best day of the work week and it was just our way of getting excited for the weekend. And after how this week has gone, we should all be excited that it's nearly over.

As a further...

TFMR Podcast - Thursday, November 19

Thursday, November 19, 2020 - 4:31pm
20

The day turned out about as well as we could have hoped as prices bounced from their lows. So now we wait to see what tomorrow brings as the week draws to a close and we paint the weekly charts.

For today, we primarily focus upon two things:

  1. Why our "Manipulation
  2. ...

Another Challenging Day

Thursday, November 19, 2020 - 10:34am
By
21

It is another challenging day in a recent string of many. And we also got our latest bit of vaccine news today, too. So we will weather this day and see where we close before making any assumptions of where price may head from here.

As you know, we've been watching the area between $...

TFMR Podcast - Wednesday, November 18

Wednesday, November 18, 2020 - 5:41pm
23

It was another one of those days and your host has just about seen enough. So let's wrap up this day and then move on to tomorrow in the hope that things won't get much worse or more frustrating.

This has been such a challenging day on so many levels that I don't have a lot of extra...

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Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

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