Turd's Blog

Whether it's the pending FOMC, increased war concerns, a continued tightness in London or persistent central bank demand, the prices of gold and silver increased again in the overnight with a strong rally that began in Asia and kept rolling in London. As you've come to expect, the rally soon...

It's mid-March. That means it's time for St Patrick's Day, the NCAA basketball tournament, some lawn cleanup and the March FOMC....which also means that it's time for another Hat Contest!

Let's do this! Same format as usual and the same first place price of one genuine and authentic...

As mentioned earlier, I'm going to be out this afternoon, either golfing or storm chasing. As such, I won't be recording and posting your weekly wrap-up podcast until Saturday morning. But I recognize that you might want/need some audio for your late week listening pleasure so here's something...

It's Pi Day, and whether or not you celebrate it, it's going to be 3.14 all day long. Does that have any impact on the precious metals? Not that I've ever noticed but we'll keep an eye out, nonetheless.

So welcome to Friday and another green candle for the weekly charts. It's not yet...

And why wouldn't it be? The U.S. economy is slipping into recession as inflation looks to fall under 2%. This sets the stage for multiple fed funds rate cuts in the months ahead at a time when physical stress only seems to be more prevalent by the day. My oh my, what an interesting time to be...

Helped along by a falling crude oil price, today's CPI report came in softer than expected across all categories, even the new Fed favorite, the "SuperCore". Will this impact the FOMC and their latest SEP next week? That remains to be seen but it's certainly impacting markets today.

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Another day in the Comex PMs, another day of price capping at $33 in Comex silver.

Where do you even start? I guess we'll start with a recap...no pun intended. Check this one-minute chart of the front month, May25 Comex silver contract. Other than one brief tock at $33.002, notice that...

A new week begins and, if anything, there will be at least one bright spot. What's that? No Goons! Why? Because next week brings the March FOMC and, as such, this week is the traditional "quiet period" for Fed Goons. So we've got that going for us.

That's not to say...

BLSBS Fridays are typically AlgoHell affairs and today is no different. POSX rallies, PMs plunge. POSX plunges, PMs rally. The good thing so far is that the POSX is mostly lower since the 8:30 ET release and this has helped to boost the PMs from their overnight lows.

Let's start with...

A complex picture continues to emerge today as global bond yields continue to soar relative to US treasuries. The higher rates spark algos to buy the local currencies, which results in a falling POSX, which is the opposite impact you might expect. But in a world largely run by algorithm, what...