By TF 55 Comments | 7 Likes Well, here we are. The long-awaited and much-anticipated September FOMC meeting is finally upon us. Will fed funds be cut 25 basis points or 50? What will Jerry say and how will he say it? And what will the SEP show regarding future cuts? We'll know on Wednesday, which makes for a very busy week. Someone suggested...

With TF 27 Comments | 7 Likes Well, I sure didn't see that coming. However, I'm pretty sure that no one saw an August US deficit of $380,000,000,000 coming, either. That cold slap to face brought about a Keynesian reality check and the Comex PMs were bid all the way through the weekly close. And what a week it was! From the Comex close last...

By TF 21 Comments | 15 Likes It was yours truly who, just last Friday, was concerned that we had a tough and challenging week ahead....and it sort of started out that way. But whether it's war fears, the ECB rate cuts, a newly-possible 50 basis points from the FOMC next week or the blowout August deficit numbers, the Comex Digital Precious...

With TF 18 Comments | 6 Likes Our old friend...and longtime OG Turdite...Tom Luongo stops by today to share his perspective on a number of issues. This is some really good stuff so please be sure to give this podcast a thorough listen and remember, like always, these Thursday Conversations are free, public threads. As such, feel free to tweet,...

By TF 23 Comments | 14 Likes Spurred on by rate cuts out of the ECB, Comex gold has finally broken through $2560 this morning and has surged to new ATHs as the wall of resistance that was built over the past three and a half weeks get run and squeezed. What's funny is that I was thinking about the symmetry earlier this week. I briefly mentioned...

With TF 14 Comments | 6 Likes Another reasonably dull day today with a sharp selloff following the CPI but then a gradual rebound as a recovery in the stonk market helped to drive a bid in all "risk assets" like commodities. So, since it was a mostly uneventful session, I thought I'd keep the podcast short today and post instead the video...