Turd's Blog

Commodities are floating higher again today and extending the gains that have already been posted this week. While this is nice, unexpected and very fun, we must remain vigilant for another price slam of the sort we experienced back in November.

It's a Happy Thursday as prices in...

Hmmm. Well what do we have here? We noted yesterday that, despite some serious strength in the POSX, commodities generally moved higher. And now here we are again today with the full board in the green. What an interesting development.

I hope that you had a chance to listen to last...

It always feel odd to start the week on Tuesday and here we are again after the US market holiday yesterday. It also feels odd to see prices move higher in a short squeeze rather than the usual smash lower. But again, here we are.

So happy Tuesday everyone and I hope you enjoyed the...

If you need an example of just how utterly screwed up the financial markets are in 2022, today provides a perfect example. The data doesn't matter. Only the HFT algo reaction matters.

So happy Friday to everyone. We've finally come to the end of what we knew was going to be a long and...

The latest reading on producer (wholesale) prices was released today and not only was it at another record high, it indicates no relief in sight for the still-surging consumer price index.

You can read all about today's PPI through various links and websites so here's just the raw data...

Really, all you can do is laugh. For months in 2021, all we heard from The Fed and their sycophant media was that soaring inflation was "transitory" and now here we are, into 2022, and CPI inflation remains at its highest level in forty years. FORTY YEARS!

And even at 7.0%, it's still...

Oh, boy. This is going to be some kind of crazy week. I hope you're ready for some volatility. Round and round we'll go and where we'll stop, nobody knows.

So I hope you had a nice weekend. And again, for all of us interested in the long term, weeks like this one are just theater...and...

Oh, boy. Here we go again. It's the start of a new year and that means it's time for another adventure in long term price forecasting. Around here we call it a "macrocast" because we figured out long ago that, in a world dominated by computers trading derivatives, if you can get the...

A lousy first week to 2022 finally ends today after the most recent BLSBS was released. And it's the same old BS...prompting discussions of a rate hike in March. Sometimes all you can do is laugh.

So what was the BS this time? The unemployment rate is now under 4.0%. But the gain of...

Yesterday at this time, prices had fully recovered from Monday's beatings and it appeared that we might be able to escape the week. But then here came the doctored FOMC minutes and now we are right back into misery with our captors still holding us hostage.

On mornings like this, when...