Turd's Blog

This has been a consequential week for the Comex precious metals and, as it turns out, I had plenty of opportunity to discuss things along the way. Here's a free, public thread for your weekend listening pleasure.

With the lows in and much higher prices ahead in 2023, perhaps this is a...

“ If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State...

What a day we have here! The economic and inflation data have only served to accelerate the rally that began at the Comex close yesterday with Jerry's speech and comments. Not even an appearance by Goon Bowman could slow things down and now we wait to see where we go from here.

So,...

We've been warning you that the back half of this week was going to be busy and volatile and today has not disappointed. What's nice is that the combined reaction in the PMs has been positive and that serves as just another sign that the lows are in and that the trend has shifted.

Let'...

After having been the Comex gold and silver front months for over 90 days, we finally wave goodbye to the Dec22 contracts today as they move off the board and into their "delivery" phase.

Just how many contracts will be left "open and standing" remains to be seen. Will there be over 30...

Well, that certainly was a welcome respite. However, it's back to work this morning and a very busy and consequential week awaits so let's get going!

First of all today, keep in mind the tried and true TFMR adage... It's not how you begin the week that matters as much as how...

The Comex precious metals have been marked down this morning after rallying through Thursday. Is this The Banks giving us a Black Friday sale? Instead, it's just AlgoHell on a very light volume, post-vacation and pre-weekend trade.

I hope everyone enjoyed the day off from the US...

It's almost time to slow down and take a day off for the US holiday of Thanksgiving. Almost. But there's still work to be dine today so let's dig in and git'r done.

The day has already been crazy volatile for Comex Digital Silver. Why? Again, when the carbon-based traders leave the...

It's expiration day for the Dec22 Comex contracts and, surprise surprise, both digital metals are actually green and UP on the day so far? What's the deal? Well, sometimes the HFT algo trade is too tough for even The Banks to overcome.

And what do I mean by that? Well first of all, let...

Seriously. Nothing good is going to happen for us. The Comex PMs will remain under pressure through tomorrow with option expirations and then the rest of the week will be nonsense, low volume and HFT algo driven. What fun is that?

And so much of the news of just infuriating...and who...