Turd's Blog

The Trade War is over, global peace has broken out, interest rates are rising, the POSX is stronger, the "stock market" is rallying....bliss, nirvana and euphoria reign supreme.

At least that's how it seems today. Not much was happening overnight until this headline hit. Did Trump just...

A new week begins with plenty of news pending. We've got the FOMC minutes on Wednesday, some PMIs on Thursday, Durable Goods on Friday, a 3-day weekend and then Jun19 option expiration next Tuesday. So, let's just dig right in. Here's your datapoint schedule:...

Our friend, Grant Williams, has crafted this excellent new video. You should be sure to watch it.

This video is branded under the RealVision project...Grant's terrific service that he began with Raoul Pal a few years back. If you're not yet a subscriber, you should give it thorough...

By now, you know there are several tried-and-true adages of Turdville. One of them deals with "buying some when things look the most lousy". Does today qualify?

Man oh man. After nearly nine years... devoting 16% of my life! ...of writing about this stuff, I often get...

In unsurprising fashion, the only positive datapoint of the week served as impetus to drive the price of Comex gold lower today. This is no surprise given the nearly unprecedented recent surge in Comex gold open interest.

So here's your datapoint that was used to smash gold from $1295...

It's not just a river in Nebraska. The current state of the US economy could now be described as "dismal", at best.

Each day, we chronicle the string of US economic datapoints that are released. Occasionally, a datapoint will surprise and actually come in above "expectations". However...

We all know that the CPI woefully underestimates the cost of living in the US. However, this metric along with several others, is reported to be closely watched by your monetary masters at The Fed. Not only are the CPI and PPI showing no inflation pressures, other indices like today's Import-...

We began Friday's morning update with this:

"Call it a hunch. Maybe call it a premonition. However, next week looks to be a very interesting period of time so let's assess the situation today and begin to prepare."

It certainly appears that my...

Call it a hunch. Maybe call it a premonition. However, next week looks to be a very interesting period of time so let's assess the situation today and begin to prepare.

First of all, let's start with today. Trump's China tariffs did indeed go to 25% overnight. This poses a major...

A whole host of items that we've been watching all week have suddenly made it to the make-or-break point this morning. I guess it's time to start paying attention.

So, where do we start? I guess we'll begin with the general "stock market" but the issues are more wide-ranging than just...

As if you couldn't see this coming. And what's surprising is that, after all these years, the kind of nonsense that we're seeing today still makes me angry.

Look, you've only seen this chart about 20 times over the past few weeks. Here it is again from yesterday's podcast:...

Nowhere else will you get such a clear and objective analysis of The New Cold War and the impact that the whole "Russiagate" fiasco is having on geo-political relations.

Look, I know we've been posting these podcasts for over five years now and I know you're likely tired of hearing me...

The Comex metals are stable again today, even with another early-session "stock market" selloff pending. But your host is full of his usual optimism and feeling a little on the bright side this morning.

And why would ole TF be Mr. Brightside? I saw The Killers last night at an outdoor...

U.S. equity markets are set to open lower today as Trade War issues are front and center. Your host, however, is more concerned with actual war on this Monday in May.

By now you've likely heard/read all about the Trade War stuff. If not, here's the story embedded in a tweet I posted on...

The price action today proves again that precious metals price manipulation creates moves in both directions...up and down. So long as The Banks win and The Specs lose, anything can happen.

So the BLSBS came in well over expectations at 263,000 "jobs". The only alleged "disappointment...