Turd's Blog

Just Another Tuesday

You know it's just another Tuesday when a surge of selling hits the Comex and the global price of silver is suddenly reset 2% lower. But that's how things work in your Fractional Reserve and Paper Derivative Pricing Scheme.


What if the world ended and no one noticed?

A Weird Week Draws To A Close

It began with a holiday, which was immediately followed by another silver "flash crash". After a bounce, the Comex metals were hit again during the lowest-volume period of the day on Wednesday. And now, on Friday, Comex gold is unchanged versus the Comex close last Friday. Ob-la-di, ob-la-da, life goes on.

Bouncing Back

After the lunacy of yesterday's contrived selloff, it's a bit of a relief to see the Comex metals bounce back today as the underlying trends reassert themselves.

More Vital Info from Batchelor and Cohen

John and Steve continued their discussions last evening and they followed up on many of the themes The Professor and I discussed last week. As usual, we strongly urge you to listen.

CNY-Crude Delay?

There has been a lot of talk and excitement about the yuan-denominated crude oil contract that is due to launch tomorrow. Problem is, no one knows for sure if it really will happen. We found a link this morning that states the launch won't come before February 23. I guess we'll know soon enough...

The Week Begins With Blatant Antics

Time to use that picture of Lloyd Bridges again. Yep, it's going to be that kind of week...

Guest Post: "Why bees have it figured out and we don't", by AGXIIK

TFMR regular, AGXIIK, offers this interesting piece for your holiday reading.

More Trouble For CGP

Today's CPI and Retail Sales numbers both "disappointed"...though you'd never know it from the reaction of the USDJPY. Regardless, as we mentioned yesterday, it now appears that Chief Goon Powell has an inflation problem on his hands and this may very well turn into "Theme #4" for 2018.

CGP Has An Inflation Problem

Or should we say "deflation" after today's drop in the Producer Price Index? If tomorrow's CPI also comes in negative, how long will it take for the pundits to begin scaling back their FF rate hike expectations?

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