Turd's Blog

Our friends are back with another excellent guest post to start your day. I'll add some thoughts on the PPI and other information to the comments section but, for today, here's something different to consider.

FISCAL NON-CONFORMITY IN THE ERA OF FINANCIAL LASSITUDE, by AGXIIK...

So why is your host paranoid as the week begins? Is it the slew of economic data that is to come this week? How about the endless stream of Goons that will pop up and create headlines? Oh sure, those are all nerve-wracking but what has me paranoid is the fact that MrsF is battling a stout case...

There's a massive solar storm heading this way and it's possible that even yours truly will be able to see the Northern Lights tonight if I can find a dark enough spot to watch. And this is perfect timing given that Comex Digital Silver flew a little too close to the sun earlier today, too....

It's another slow news day but, because of that, the weekly jobless claims data got far more attention than usual. And it's a good thing, too, as the weekly totals finally budged off of the ridiculously stable 212,000 number for the first time in weeks.

For this data to have any...

No news and no headlines makes for another summer doldrum-type day of AlgoHell domination of the Comex precious metals. It wouldn't be so bad if that meant the HFT algos were on the bid and driving prices higher but, as you know, that's rarely the case.

You can see it on the charts and...

The slow news week continues with zero economic data today and just one scheduled Goon. This leaves the playing field open for shenanigans and agendas but, so far, the day has been relatively quiet.

That doesn't mean straight up, mind you. It rarely does. Instead, the London Monkeys...

The early week has brought some big red candles each of the past two weeks so just seeing some green today brings a sigh of relief. Seeing big green is almost cause for celebration.

So, happy Monday to you. I hope you had a great weekend. Our new week began with the Chinese returning...

Boy, just when you think you've seen it all, even a grizzled old veteran such as myself still has the capacity to be stunned into laughter. I'm not talking about the actual BLSBS data, instead it's the so-called "market" reaction that followed.

Let's start with the BLSBS. In a few...

Like Tuesday, we had another straight down chart on our hands as price fell overnight, nearly uninterrupted in a straight line and in what felt like a predetermined glide path.

Well, that's quite a sentence and not a fun way to start the day. Keep in mind that the Chinese markets are...

It's The Socialist Worker's Holiday! It's also a data dump day. It's also FOMC Fedline day. And it's also the 13th anniversary of the May Day Silver Massacre. That's a lot to cover. Let's get started.

I don't know. I guess we'll begin with the data thus far.

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