Turd's Blog

As you know, we are watching copper very closely in 2023. By itself, it presents a very interesting case for price due to its supply/demand fundos. More important to us is what a breakout in copper would signal for the Comex precious metals, too.

This far, it's a relatively quiet...

This week brings the end of the month, the end of the quarter and the expiration of the front month Apr23 gold contract. Through the lens of that perspective, are you surprised that Comex gold and silver prices are being worked lower today?

Actually, you shouldn't be. We discussed all...

If you thought that last weekend was crazy, wait until you see what may be in store for you this weekend. Maybe it will be full of headlines, maybe it won't. Regardless, the global banking issues continue to worsen and merit your attention today.

I sincerely hope that you took...

It's always interesting to see if the post-FOMC price trend can continue through the overnight and into the following Thursday...and today, it has. This now sets us up for a compelling Friday and weekly close. We'll discuss that today but there are other items to cover, as well.

Let's...

Mother Yellen will soon be starting a speech to a banking group and it's expected that she will announce a full backstop of all US bank deposits. This equates to something like a $18TRILLION guarantee. On the news, gold is down sharply, as you'd expect.

So, anyway, here we are on...

Just a very brief thread to get started on a very crazy day, in what will be a very crazy week.

It has been a very volatile overnight and you should expect that to continue. As with almost all other late Friday Globex rallies, the gains were almost immediately clawed back last evening...

Are you ready for some green beers and a few days off? I am! But first, we must sit back and see where this day takes us...and it's another day where there's so much going on that I don't know where to start.

The easy way out would be just to put up some charts with price targets into...

The hits just keep coming, day after day. Makes you wonder what's next? A band-aid for Credit Suisse. A buyout for First Republic. Which are both nice but how many band-aids are in the box and how many buyouts are possible?

So welcome to Thursday of Crazy Week. Once again, your host is...

As mentioned in last night's podcast, my plan today was for just a midday podcast. The best laid plans...The news of the day brings a change of plans as events require this brief morning post.

Let's start with all of the data that was dumped at 8:30 ET. First, the PPI came in lighter...

After a crazy weekend and Monday, it's almost sort of refreshing to have a day that's just the same old riggamaroll. Today brought the latest update on US inflation at the consumer level...the CPI. Though the report still shows an elevated level of inflation, it actually revealed the smallest...