What a long, strange trip it has been from the moment, ten years ago today, that MrsF encouraged me to start my own blogspot site. That it has now been ten full years of daily posts and podcasts and the rest is equal parts amazing, humbling, scary, frustrating and joyous.
The week begins with a waterfall selloff as news of an effective Covid vaccine has smashed the Comex metals. Apparently all gold should now be sold since The Fed and other central banks will soon tighten and everything will be back to "normal". At the same time, buy all stocks because the "...
This crazy and volatile week is finally drawing to a close today...and with it, your latest Hat Contest. Did you forget about your guess from Monday? If so, you might go back to the Monday morning thread for a refresher as it's going to be an interesting day and an even more interesting weekly...
Today brings the conclusion of the November FOMC meeting. We'll have Fedlines at 2:00 pm ET and then the usual CGP presser at 2:30. Ahead of all this, everything is surging today as the POSX crashes and the post-election economic reality sets in.
In about the worst possible scenario for the US, it appears this morning that we may have a contested election with the country evenly divided and controversy in multiple locations regarding the vote count. And just when you thought 2020 couldn't get any worse....
Well, the day of the US election is finally here. I suppose I could write some sort of elaborate and detailed post about the stakes and the consequences but what would be the point? The Keynesian train is headed for the cliff, regardless of the outcome.
Well, here we are. The much-anticipated US election is finally upon us. My primary concern is...will we know the winner by this time on Wednesday? I hope and pray we do.
But it's not just the election that will drive prices this week. There's also a full assortment of economic...
With now just four days to go until the U.S. election, it's quite encouraging to see the Comex metals bouncing back as strongly as they are today...all while nominal rates have spiked higher again. It's so far, so good on our "higher low" theory but let's see where the rest of the day takes us...
Well, nuts. All along I've had this idea that the break of the pennants would lead to a smash but that said smash would not lead to lower lows versus five weeks ago. Unfortunately, it looks like we're about to test that theory.
As you know, my first thought was that a higher low would...
In a stunning development, the pennants we've been tracking for the past few weeks slammed shut yesterday and now price is being hammered lower today. Just another day in our world of Manipulation Analysis.
First of all, understand that this is NO FUN. There are no victory laps or "I...
