Turd's Blog

Guest Post: "Regarding Bank Bail-Ins", by James Gibson

Longtime Turdite James Gibson is author of the great book, "From West To East". He also just sent us this terrific new article which discusses the history of the Cypriot bank bail-in of 2012 and warns of future bail-ins to come.

Mother Lingers

Mother's proclamation that all is well and thus "normalization" is coming continues to send shockwaves around the globe today as other central banks now feel compelled to hike, too. She's playing with fire and it will be very interesting to see how this all plays out over the next few days.

JBSFC & OS

After taking some weeks away, Batchelor and Cohen returned last evening with a special guest...Oliver Stone. The subject is, of course, The New Cold War but having Stone in the studio allows an introduction to Stone's new documentary series featuring Vladimir Putin.

Wild Wednesday

First there was the shooting on Capitol Hill followed by some abysmal economic data. Now we await Mother with her FOMC Fedlines and press conference this afternoon. Please return to your seat. Fasten your seatbelt and place your tray table in its upright and locked position. Things are about to get even more bumpy.

Deja Vu All Over Again

Don't worry. Move along now. There's nothing to see here. Despite the discovery of all the emails, chatrooms and texts, you can be confident that there is no collusion nor is there any price manipulation. Instead, rest assured that the precious metals, particularly silver, operate in a free and fair pricing structure.

Mother Cometh

Though we could theorize all day about WHY Mother is about to jack the FF rate again, what would be the point? Instead, since the hike is all but a fait accompli on Wednesday, perhaps we should simply review the charts and search for clues as how the "market" may react come Thursday.

Charts To Watch

It has been a wildly volatile and somewhat disappointing week...and next week brings the June FOMC. So, in preparation, here are some charts to watch through the day and into the close.

Just Like Old Times

After gleefully feeding paper contracts to the hungry Specs for over a week, The Banks came hard for the Comex Digital Metals this morning with price raids that had a very 2010-2012 feel to them.

Banks Playing Same Old Game

In what should come as no surprise to anyone around here, The Banks are once again creating as much paper metal as necessary to stall an advance in price. Already twice this year we've seen this happen in Comex Digital Silver and now The Banks are working their alchemic magic in Comex Digital Gold, too.

Good Timing

It was in yesterday's podcast that we mentioned the idea of the USDJPY plunging through its 200-day MA and shoving Comex Digital Gold to new 2017 highs. And here we are! A rather fortuitous bit of timing for your "blind squirrel" host.

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