Turd's Blog

Since last week, we've been warning that the price of Comex gold was likely going to stuck in the mud near $1800 until option expiration day...which is finally today. So, let's put this behind us and begin to look forward to the remainder of the week and next month.

Again, we're not...

Oh my goodness. Another FOMC week? How could that be? Wasn't there just an FOMC meeting a few weeks ago?

But, yes, there is. It'll be the standard schedule, too, with Fedlines at 2:00 pm ET on Wednesday and then a "press conference" with Chief Goon Powell at 2:30. So what will be said...

That's about the only good thing I can say about today as summer doldrums and pending option expirations have seemingly sucked the life out of the Comex digital metal markets.

It doesn't necessarily have to continue this way all the way through next week. Yes, Comex option expiration...

The hoped-for rally today has not yet materialized but at least prices have bounced after being jabbed lower again overnight. The day is still young, however, so let's see how we finish before we move on to tomorrow's weekly close.

My apologies for the delay in today's post. MrsF had a...

As discussed in yesterday's podcast, there is really no news today to move the markets. There are no economic datapoints and we're into the usual 10-day "quiet period" the precedes an FOMC meeting.

So this is a very quiet day. Unless something unexpected happens, we'll likely see lower...

Well, this should be an interesting day. Over the past few months, the "stock market" has flirted with a sharp decline, only to recover and head higher by the next day. So what happens today will be telling.

So far, many of the other "possible liquidity event" signals remain today. The...

If you've been around here long enough, then you'll likely recall the bad old days when any opportunity that I took to get away...even intraday...was often met with a smash in the Comex metals. And now here we are again.

Let's just hope that we're not headed back into the "bad old days...

As discussed back on Friday, I'm out all day today. So just this quick update and homework assignment.

As the week begins, the selling from Friday is continuing and it's not just in the Comex digital metals. Almost the entire commodity board is red and the DJIA futures are down nearly...

You know how sometimes, if you sit around all day doing nothing, you're completely exhausted by evening. Even more so than if you'd been out vigorously working or exercising all day. Well, that's how I feel today. While the past two weeks have seen a nice bounce in CDG, CDS has absolutely worn...

I'm getting a bit of a late start this morning as I've been searching for something to write about. As it turns out, the search was in vain as there's nothing PM-noteworthy...yet.

Oh, of course, we got another smash-and-grab during the London session that drove the price of CDG down...