Bullion Bank Desperation and Motive

Ever since the ECB pronouncements of March 10, The Bullion Banks have been in full panic mode, desperate to cap and contain the 2016 rally before new highs are made. That this effort continues today should come as no surprise.

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TFMR Podcast - Friday, March 18

The week ends just as last week ended with The Banks desperately capping price by issuing new paper contracts to willing Spec buyers. Which side will win this tug-of-war?

Bank Desperation Continues

Just like last week, fundamentally positive news for gold has been met with massive short issuance by the Comex Banks. That price is down instead of up should come as no surprise as these Banks are intent upon rigging price lower in the short term.

TFMR Podcast - Thursday, March 17

A frustrating day as it's quite clear that the 500,000 contract open interest area is the point of maximum pain for The Banks. Just like last Thursday, yesterday saw a central bank release undeniably gold-bullish news. However, just like last Friday, today saw the Comex stoutly capped in an effort to prevent any and all upside follow through.

Stiff Competition

While it's very nice to see gold back above $1260, it's also quite clear that The Banks are intent upon slowing or stopping this rally, at any cost.

TFMR Podcast - Wednesday, March 16

Wow, what a crazy day! Mother Fellen cuts by half her rate cut projections and the metals and miners scream back higher. Once again it appears that the overall positives have thwarted the Bank attempts to drive prices back down. The key now is to make new highs? Can we get there or is this just a one day blip?

Pre-Fedline Open Thread

Not much to add this morning ahead of Mother's "Fedlines" at 2:00 pm EDT so here's an open thread to play around with while we wait.

Good News and Bad News

Another tremendous update last evening from Batchelor and Cohen.

TFMR Podcast - Tuesday, March 15

As Mother Fellen holds her bi-monthly Tea & Doily Party, just a brief podcast today as we prepare for The Fedlines tomorrow.

CoT Perspective

Again, there is NO ONE who dislikes the criminal co-conspirators of the CFTC more than yours truly and, of course, the reports they construct may all be total hogwash that's designed to mislead as many as possible. Today, though, let me remind you of the data so that you can make your own, informed decisions.

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