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, April 9

Friday, April 9, 2021 - 4:47pm
20

It was a solid week with green candles all around from the Comex digital metals to the mining shares and the mining share ETFs. So let's put this week to bed and move forward.

If you read this morning's post, then you know that today was dominated by the HFT reaction to the PPI. Prices...

HFT Giveth, HFT Taketh Away

Friday, April 9, 2021 - 10:46am
By
16

It's another day in AlgoHell as HFT computers dump Comex metal futures following a much hotter that expected print of the March PPI. The Machines "see" rising bond yields and are programmed to sell Comex gold because of it...impervious to the bigger picture.

So we'll start there, I...

Thursday Conversation - Dave Kranzler of The Mining Stock Journal

Thursday, April 8, 2021 - 3:32pm
With
20

Our old pal, Denver Dave, stops by today to discuss the precious metals and the mining shares. This is one podcast where you should definitely carve out some time to listen.

Again, Dave is a fantastic analyst and money manager. He's been a friend for years and I wholeheartedly...

This Week's Media

All four links in one handy post.

Thursday, April 8, 2021 - 1:33pm
By
13

It has been a busy week in terms of interview appearances. Since you may have missed one or two...and since you might have an interest in forwarding some of the links...I thought I'd combine them all into one public post.

Most of the discussion focuses upon the #SilverSqueeze and the...

Needless Worry

Thursday, April 8, 2021 - 10:39am
By
26

In yesterday's podcast, I expressed my concern that the POSX was set to bounce and, by doing so, it would likely force the Comex metals lower. I'm happy to report today that I was all wrong!

What a pleasant surprise to wake up to today. After the gradual rise in the POSX late yesterday...

TFMR Podcast - Wednesday, April 7

Wednesday, April 7, 2021 - 4:19pm
21

We're wrapping things up a little earlier than usual today after a frustrating, light volume and HFT-dominated afternoon. The Comex precious metals are on a five day winning streak but market forces may be conspiring to bring the streak to an end tomorrow.

For today, the only news of...

Goon Day

Wednesday, April 7, 2021 - 10:44am
By
20

Today is likely the most interesting day of the week with comments from FOMC members Goon Evans and Goon Barkin, followed by the 2:00 pm ET release of the March FOMC minutes. Can the Comex digital metals hold, consolidate and extend their early week gains? We won't have to wait long to find out...

TFMR Podcast - Tuesday, April 6

Tuesday, April 6, 2021 - 5:19pm
20

To our surprise, the POSX continued lower today and broke through the support that was expected at its 200-day moving average. The bond market rallied, as well, so we are pleased to point out that Comex gold is finally back above that Bank-painted trend arrow that had been forcing price lower...

Phoenix

Tuesday, April 6, 2021 - 10:51am
By
20

The Comex digital metals are attempting to rise and rally like the proverbial Phoenix or the ghost of Tom Joad. Is this rally sustainable. Can it lead to higher bouncing highs and and eventual return of Spec excitement and cash? Time will tell but we can always search for clues.

Let's...

TFMR Podcast - Monday, April 5

Monday, April 5, 2021 - 5:31pm
24

It was a frustrating start to the week as a sharply falling dollar failed to spark any significant buying interest in either Comex Digital Gold or Comex Digital Silver. So now what do you think will happen if/when the POSX bounces back a little tomorrow?

It was a long weekend and a...

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Key Economic Events Week of 4/12

4/13 8:30 ET CPI
4/13 12:00 ET Goon Harker
4/14 8:30 ET Import Price Index
4/14 12:00 ET Chief Goon Powell
4/14 2:45 ET Goon Chlamydia
4/15 8:30 ET Retail Sales
4/15 8:30 ET Philly Fed
4/15 8:30 ET Empire State Manu
4/15 9:15 ET Cap Ute and Ind Prod
4/15 2:00 ET Goon Daly
4/15 4:00 ET Goon Mester
4/16 8:30 ET Housing starts

Key Economic Events Week of 4/5

4/5 9:45 ET Markit service PMI
4/5 10:00 ET ISM service PMI
4/5 10:00 ET Factory Orders
4/6 10:00 ET JOLTS job openings
4/7 9:00 ET Goon Evans
4/7 12:00 ET Goon Barkin
4/7 2:00 ET March FOMC minutes
4/8 12:00 ET Chief Goon Powell
4/9 8:30 ET PPI
4/9 10:00 ET Wholesale inventories

Key Economic Events Week of 3/29

3/30 9:00 ET Goon Quarles
3/30 10:00 ET Consumer Confidence
3/30 2:30 ET Goon Williams
3/31 8:15 ET ADP Employment
3/31 9:45 ET Chicago PMI
3/31 time TBA Biden Infrastructure speech
4/1 9:45 ET Markit Manu PMI
4/1 10:00 ET ISM Manu PMI
4/1 10:00 ET Construction spending
4/2 8:30 ET BLSBS

Key Economic Events Week of 3/22

3/23 9:00 ET Goon Bullard
3/23 12:00 ET CGP and Mother on Capitol Hill
3/24 8:30 ET Durable Goods
3/24 9:45 ET Markit Flash PMIs March
3/24 10:00 ET CGP and Mother on Capitol Hill
3/25 8:30 ET Q4 2020 CDP final guess
3/25 12:00 ET Goon Bostic speech
3/25 3:45 ET Goon Chlamydia speech
3/26 8:30 ET Personal Income and Spending
3/26 8:30 ET Core Inflation
3/26 10:00 ET Consumer Sentiment

Key Economic Events Week of 3/15

3/15 8:30 ET Empire State Index
3/16 8:30 ET Retail Sales
3/16 8:30 Import Price Index
3/16 9:15 ET Cap Ute and Ind Prod
3/16 10:00 ET Business Inventories
3/17 2:00 ET FOMC Fedlines
3/17 2:30 ET CGP presser
3/17 8:30 ET Philly Fed

Key Economic Events Week of 3/8

3/8 10:00 ET Wholesale Inventories
3/10 8:30 ET CPI
3/10 2:00 ET Federal budget
3/11 8:30 ET Initial jobless claims
3/12 10:00 ET JOLTS job openings
3/13 8:30 ET PPI
3/13 10:00 ET UMich sentiment

Key Economic Events Week of 3/1

3/1 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 1:00 ET Goon Brainard
3/3 9:45 ET Markit Service PMI
3/3 10:00 ET ISM Service PMI
3/3 12:00 ET Goon Bostic
3/3 2:00 ET Goon Evans
3/4 8:30 ET Unit Labor Costs
3/4 10:00 ET Factory Orders
3/4 12:00 ET Chief Goon Powell
3/5 8:30 ET BLSBS

Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
2/26 9:45 ET Chicago PMI
2/26 10:00 ET UMich sentiment

Key Economic Events Week of 2/15

2/17 8:30 ET Retail Sales
2/17 8:30 ET PPI
2/17 9:15 ET Cap Ute and Ind Prod
2/17 10:00 ET Business Inventories
2/17 2:00 ET January FOMC minutes
2/18 8:30 ET Initial jobless claims
2/18 8:30 ET Import price index
2/18 8:30 ET Philly Fed
2/19 9:45 ET Markit Feb flash PMIs

Key Economic Events Week of 2/8

2/8 12:00 ET Goon Mester speech
2/9 10:00 ET JOLTS job openings
2/10 8:30 ET CPI
2/10 10:00 ET Wholesale Inventories
2/10 2:00 ET Chief Goon Powell speech
2/11 8:30 ET Initial jobless claims
2/12 10:00 ET Consumer sentiment

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