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Can't come up with anything clever for a title this morning. And even if we did, it would likely be outdated and obsolete by the time we're finished typing.

Goon Week Begins

Not only was CGP sworn in today, the week is going to be full of Fed Goon speeches that will spike the HFT algos in every direction.

On with Greg Hunter

Interviews on Super Bowl Sunday are usually reserved for presidents and otherwise important people. Thus, it should be no surprise that we have a new segment with Greg Hunter for your pregame viewing. wink

Guest Post: "Cannabis - A Long 'Signal of Misunderstanding'", by OOOBuck

TFMR regular, OOOBuck, offers some weekend reading and a history lesson.

Metal Whack

So much for a continued rally today. Once again, the BLSBS is used as cover to spike the USDJPY and POSX and this had led to sharp declines in both Comex metals as well as all commodities. But it is what it is and it's still going to be a great 2018.

As Per Usual

Thursday begins with Comex silver being pounded back lower, despite rising crude oil and a falling dollar. But it is what it is in our paper derivative pricing scheme.

Mother's Last Doily

Though Chief Goon Powell is likely running the show today while Mother works on some crochet, today's Fedlines will officially be the last one cranked out by a Mother-led Fed. Though no changes are expected to the Fed Funds rate, we must still remain alert at 2:00 pm EST when the Fedlines are released.

Dollar Dance

Both the all-important USDJPY and POSX are headed back down today, with USDJPY now below the level seen when Trump openly contradicted Mnuchin last Thursday. Both Comex metals are over 1% below their Thursday highs, however, so it's clear that they have some catching up to do.

CFTC Fines Banks For Precious Metal Price Manipulation

Hmmm. I wonder how System Apologists like Moriarty, Christian, Hug and Weiner will try to spin this one?

Bond Market Boogaloo

It seems that rising long rates are finally beginning to impact the precious metals a bit today as the HFTs "see" falling bonds and sell digital gold. But pullbacks are always to be expected and the overall trend remains firmly in our corner.

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