Turd's Blog

The best part of the week ahead is that it precedes the December FOMC meeting, which is slated for next Tuesday and Wednesday. That means that this week begins the "quiet period", where all Goons go into media seclusion ahead of the meeting. Yay us!!

Not that it's going to be a quiet...

Another useless BLSBS. Another excuse to smash the Comex PMs. Pretty tough to care anymore when you know the script and you've seen the movie so many times before.

I don't know. Where do we even start? With the headline number, I guess, because that's all that matters in our current...

We made it through Jerry's "discussion" yesterday mostly unscathed. However, one throw away line of his dissertation is seemingly having an impact still today.

It wasn't the "US economy is strong" stuff he usually spouts. Yes, the POSX rallied for a few minutes but most reasonable...

A string of dismal economic data has led to a reversal in the POSX and a surge in the Comex PMs. Is this a trend that can continue through Friday's BLSBS? Maybe. For today, let's just enjoy the green on our screens.

The dismality began at 8:15 ET today with the latest ADP jobs report....

It's a busy week of data as The Fed gets one last update on economic conditions before their final FOMC of 2024 in two weeks. Today brought the latest job openings and quits report, known as JOLTS. But we're not done there. Tomorrow brings the ADP jobs report and Friday brings the BLSBS....

It's full-on holiday season now as December begins and we prepare for 2024 to end. What a crazy year it has been but it's not over yet and the next four weeks will set the tone for how we begin 2025.

My hope is that the month begins with just a regular old work week. I've spent each of...

The US markets are closed today for our Thanksgiving holiday. As such, you may have some time to kill while driving or flying or working in the yard or walking on the treadmill or who knows what.

So here are two bits of audio you might enjoy. This first podcast is something I recorded...

A new day dawns with CDG continuing to crawl back from the expiration-related smash of Monday, helped along by some pale economic data and continued concerns over the situation in Ukraine.

Here's a rundown of the data so far this morning:...

Since morale is not improving, it appears that the beatings will continue, especially during Comex hours where price is already about $20 off the overnight highs.

Again and as usual, not that this is surprising. We should expect more weakness in the days ahead as positions are rolled...

We tried to warn last week that another move backward was likely, given this week's expiration calendar. The hope is that Comex gold will not see a trip all the way back to the $2541 lows, while concern exists that Come silver might revisit its lows from two weeks ago. And now here we are....