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.

What The Heck?

Thursday, September 16, 2021 - 10:49am
By
25

The selling of digital metal began last evening in Asia. It accelerated in London and then really got going after the AM Fux. Once the Comex opened, a stronger-than-expected Retail Sales report opened the trap door and now we have another major, red candle on our hands. How many is that since...

TFMR Podcast - Wednesday, September 15

Wednesday, September 15, 2021 - 5:38pm
16

It was such an average, boring day that you might that it was challenging to come up with something to discuss. But no, it wasn't. There's still plenty of material to fill a podcast.

Ahead of next week, the focus continue to be the price inflation that is most definitely NOT transitory...

Cornucopia of Conflicting Conflagrations

Wednesday, September 15, 2021 - 10:40am
By
19

Sometimes it's difficult to know where to start. Once I get going, it's always OK...but where do you start on a Wednesday that's full of interesting news and another effort to slam the price of Comex gold back under its 50-day moving average?

I guess we have to start somewhere so, for...

TFMR Podcast - Tuesday, September 14

Tuesday, September 14, 2021 - 5:26pm
22

It was just another day in the BizarroWorld of 21st century finance as the latest CPI numbers seemed to confuse just about everyone, including the HFT machines.

Again, the latest US CPI came in below expectations for the first time since October of last year. This sent bonds soaring (...

CPI Tuesday

Tuesday, September 14, 2021 - 10:33am
By
18

All sorts of commentary today that the drop in CPI...below expectations for the first time in a year...somehow proves Powell correct. Namely, that inflation is/was indeed "transitory". Well, as the old ball coach likes to say, "not so fast, my friend".

And we've been stating this here...

TFMR Podcast - Monday, September 13

Monday, September 13, 2021 - 3:57pm
17

The week begins with a mostly unchanged day for the Comex metals but a nice rally in the mining shares. Is this the start of a solid, bouncing week? We'll know more by tomorrow at this time.

For today, though, it was just nice to see some green in my miner portfolio. To that end,...

SPECIAL PODCAST: Andrew Bowering, Chairman of Apollo Silver Corp.

Monday, September 13, 2021 - 1:05pm
3

As we continue our series of interviews with mining executives, here's a brand new company for you to consider.

Apollo Silver Corp is a new venture into the silver space by Andrew Bowering, an industry veteran with a long track record of success in building companies and growing their...

Mundane Monday

Monday, September 13, 2021 - 10:34am
By
13

The new week begins and the best thing we can say about it is that it's a week before an FOMC meeting. This means that all Fed Goons must remain in the crypts and lairs all week. Yay us!

Yes, the September FOMC is scheduled for next week, the 21st and 22nd. So all Fed Goons are under...

TFMR Podcast - Friday, September 10

Friday, September 10, 2021 - 6:09pm
34

It was a lousy end to a lousy week...a week that began with such great promise, only to have the rug pulled out from under us again.

So all we can really do is take stock of what happened and why. We then move on to next week and what lays ahead, specifically the CPI and retail sales...

Back To Business

Friday, September 10, 2021 - 10:31am
By
25

Yesterday was a very frustrating day for many of us and even I allowed my personal emotions to spill over into the Jackass thread. But it's back to business today...on a day where the Comex PMs are business as usual.

Let's start with today's Producer Price Index. Again, the word is "...

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Key Economic Events Week of 9/20

9/21 8:30 ET Housing Starts
9/22 8:30 ET Existing Home Sales
9/22 2:00 ET FOMC Fedlines
9/22 2:30 ET Chief Goon Powell
9/23 9:45 ET Flash PMIs for September
9/24 8:45 ET Goon Mester
9/24 10:00 ET Chief Goon Powell
9/24 10:00 ET Goon George

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