Turd's Blog

The Comex metals were already moving higher this morning when Krazy Kudlow appeared on CNBC and announced that much more federal spending was on the way. Not that that's a big surprise to anyone here but it did spark an inspired bid for Comex digital metal.

Here's a tweet that I sent...

The Comex precious metals bounced hard overnight as expected. Now we wait, however, to see if the bounces can extend higher and through the end of the week. It's going to be very difficult to paint green weekly candles but we can at least hope for Friday closes back above key support.

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Late yesterday, following the massive smash in the precious metals, was a terrific time to visit again with Greg Hunter of USA Watchdog.

I was on with Greg back in early July and we discussed the Comex delivery stress and how this is likely to impact JPM's ability to manage the price...

Though a pullback and consolidation has been expected, the rush for the exits today by the momo-chasing hot money is likely presenting an opportunity.

Yes, nominal rates are up. In fact, they're up a full ten basis points (20%!) in just two days:...

The Covid Crisis has been many things. It has brought death and sadness but it has also brought some unexpected happiness. For example, I thought that my days of having both LT#1 and LT#2 under my roof for an extended period of time had passed. Instead, from March to June, here they were. Well...

For years, we've been conditioned to believe that a "good" jobs report is "bad" for Comex gold and silver. Why? Because it almost always was. But it's critical for you understand that, going forward, things have changed.

Now you might think...whaddayamean? The Comex metals are down...

It would be a massive mistake to assume that this is easy and simple. It never is. However, since June 5...and particularly since July 17...the trend in real interest rates has been sharply lower and, as such, the trend in the precious metals has been sharply higher. For the short-term, these...

As you know, this current run in the precious metals was kicked off on July 17 with the publication by Bloomberg of a Fed policy trial balloon on July 17. And now another similar balloon has been floated today by CNBC. The time has come to stop calling these "balloons" or "suggestions". These...

I had the pleasure of visiting again today with Paul at SilverDoctors. Since this was such a significant day in the precious metals...and since I was full of caffeine and more lucid than usual...I thought that this would make an excellent public thread for all to listen.

So, if you...

So far today, U.S. treasury yields are pushing back toward the all-time lows seen last week. If this trend continues, it will most likely lead to even lower inflation-adjusted or "real" rates...and this will lead to even higher prices for both CDG and CDS.

Even ZH is already out with a...