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Ten Years On

As we approach the 10th anniversary of the events of September 11, 2001, I thought it wise to start the week with this notice. It is not set up for commenting and I am going to leave it as a "sticky" at the top of the page all week.


For this month's version of hilarity, CNBS chose to bring back fat, old, balding Wyatt Earp. The guy is seriously bad luck for the status quo Keynesians. The last time we saw him, back in December, the BLSBS came in surprising low. We discussed it then on the old blog:

Today, Wyatt brings with him not just a surprisingly bad BLSBS, he manages to spread his bad luck back into last month's report, too. And it's not just a lousy payroll number of +5000 or +25000, it's ZERO. ZILCH. NADA. Somehow I think ZERO is even worse.

Thursday Morning Update

While the site is actually up and running, I thought I'd take a few minutes to create a quick update. It seems that the site is going down with greater frequency these days. However, "with a firm reliance on the protection of Divine Providence", we go forward.

The PAGE Is Turning

Our Australian friend, "Turdle", recently brought all of this to my attention. What we are about to discuss will truly have significant and consequential effects on the global trading and pricing of gold and, by extension, silver. Pondering the potential impacts of the Pan Asia Gold Exchange will require some time and mental clarity. If you feel you currently have appropriate levels of both, then let's proceed with the discussion.

Read This Now

No catchy title to this update. I just want you to read and ponder this post. Then, plan your trades accordingly.

All The Fuss

The PMs shot higher this morning after the Chicago Fed Goon was interviewed by LIESman on CNBS. The metals catapulted higher when The Goon admitted that more QE is likely because the economy is in such terrible shape. Really? NO! Whodathunkit?

Painting The Tape

"Painting The Tape" is an old stockbroker term. In essence, an individual conspires to make the "tape" look positive or negative for the day by dumping a bunch of orders right at the close, thereby "painting the tape" with the illusion of all-day strength or weakness. It used to be a somewhat common practice. It also used to be illegal.

Preparing For Sunday

With just a little over 24 hours to go until the Globex re-opens, I thought I would chime in with what I expect tomorrow night. Many are concerned that current circumstances in gold resemble silver from the first weekend of May. If you're not sleeping well out of concern for tomorrow, I'm here to put you at ease.

Ahead of an Interesting Weekend

Well, don't you wonder what the world will look like come Monday? So many unpredictable events are coming that it makes the job of being Turd significantly more challenging. However, The Turd is up to the task and willing, once again, to attempt to predict the unpredictable.

Looking Better

As predicted (hoped), both metals found some buying today after a successful test of overnight lows. Silver consistently found buyers near 39 which is right near that upsloping trendline on the 6-hour chart. Gold triple-bottomed at 1705 and has since rallied almost $60. I'd expect these rallies to continue into tomorrow. But, what happens next?

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