Metals

Yep, it was four years ago today that the Wall Street Journal's infamous gold troll, Jason Zweig, wrote his masterpiece of idiocy. Let's celebrate that anniversary today as "Pet Rock Day"!

We might as well begin with a link to Jason's crowning achievement. Here's his seminal piece in...

While nearly every "analyst" watches the CoT reports, very few pay attention to the monthly Bank Participation Reports. However, we do. And this month's report is at a record extreme.

In yesterday's podcast, we took a whole bunch of time explaining the current CoT structure, how it is...

Gosh, we've never seen this happen before. The Price of Comex gold was ready to finish the week in the green and above $1400...and then, as if by magic, the BLSBS prints some outrageously overstated number and the metals get crushed.

And, in the end, what about this is surprising?...

Last week, Chris Martenson and I recorded a podcast for his terrific website, Peak Prosperity. It was an informative, wide-ranging discussion so I thought it deserved its own thread.

Below is the source link with some text about our conversation. While you're there, you should be sure...

Our friend, Ronni Stoeferle, and his team have just released this morning their annual report, "In Gold We Trust". You should be sure to stop what you're doing and read this report today.

Here is the link to the "compact" version:...

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-...

As you likely know, a major trader at JP Morgan has been convicted of precious metals price manipulation through spoofing and other techniques. This person is now cooperating with prosecutors in an attempt to lessen his prison sentence.

JPM has attempted to sheepdip this person as a "...

Chief Goon Powell takes center stage today with his latest fedlines at 2:00 pm EDT, followed by a presser at 2:30. In the meantime, here are a few items to consider.

So far today, not much is happening. Bonds are mostly flat while the POSX is actually down about 15¢. However, NONE of...

So far, there's not much going on today with an absence of economic datapoints and other news. So let's take the day to discuss two other items that have been on my mind recently.

As I type, we've (mostly) avoided the 8:30 Comex beatdown. I say "mostly" because the usual selling was...

Today's price slam marks the sixth day in the past nine where the price of Comex Digital Gold has been suddenly and deliberately slammed at/near 8:30 EDT. We wrote about this last week and, unfortunately, we have to write about it again today.

Here's the post from last Tuesday and the...

Of course, when dealing with the deliberately opaque LBMA/Comex system, no one can ever say for certain. But the clues are there, however, and if you know how to interpret them, you can begin to piece it together. So that's what we'll do here this morning.

And this shouldn't take long...

The word "ridiculousness" is a creation of MrsF. It's appropriate to use today as here we are again with the bullshit getting piled on so heavily that it's difficult to stay engaged.

So greetings from my local coffee shop. The internet service at Turdfork remains severed so maybe I...