Let's Give Away Some Hats!

Today marks the 3-month anniversary of the new site! Seems longer than that doesn't it? The one-year anniversary for all of Turdville is 11/11/11. (Hmmmm. Why does that date sound so attractive? Mister Hyde knows.) Anyway, I thought we'd celebrate with a series of contests today. Each contest will end and the winner will be determined when I open a new thread with the next Turd Trivia question.

First, let's do some business. The metals had me quite optimistic when I retired for the evening. Alas, they could not hold their strength through the criminal LBMA session, so we begin the day at about the same spot we ended yesterday. Hey, I guess in the grand scheme of things, that ain't too bad.

Gold is slowly getting compressed by the main short-term trendline on the hourly chart below. Given that the line is descending at about $10/day and given that gold has very strong support between 1800 and 1820, I'm still expecting resolution and a strong rally by the end of the week or early next week. Silver needs to be watched very closely here. It's resting perilously close to the 3-month trendline from the 8-hour charts and, as I mentioned yesterday, I'm a little nervous about the short-term direction of crude. Put it all together and it means "be careful". Hopefully, silver will continue to ride the main trend higher and, eventually, skip away for some breathing room. However, if it substantially breaks down through the trendline, watch out. It could pull back as far as $38 before buying steps in. Again, all I'm saying is watch this closely and be careful.

paper_9-14amgold.jpgpaper_9-14amsilv.jpg

OK, onto question #1. It's a two-part question and you have to get both sides answered correctly to win.

1) There are 196 countries in the world. Within 3, from how many has TFMR been accessed in the first 90 days?

2) Name 3 countries that have not yet been Turdified.

Again, this contest closes and another one opens when I start a new thread in a couple of hours.

Lastly, I would be remiss if I didn't thank again all of those who have so generously "fed the turd" over the past 16 hours. The outpouring of support has been overwhelming but I am diligently getting caught up with the "thank you" responses. The filling of the coffers will allow us to improve the site yet again in the coming days and weeks. I'll keep you posted.

Have a great morning and good luck!  TF

241 Comments

DeltaCharlie's picture

Yes, pls

First?

speconomist's picture

New contest? Nice!

1) 144 countries.

2) Liberia, Burundi and Eritrea.

_

Also, there's a new blogpost in KWN, Jim Rickards saying the Monetary system will go Gold soon.

madgstrader's picture

1980s Comparison

Some neat charts:

Gold 1980: “Deja Vu”?

MisesFan's picture

1) 98 2) Iran, Somalia, North

1) 98

2) Iran, Somalia, North Korea (those damn CIA-created terrorists)

Congrats on Q1!!!

Two Gun Tobin's picture

Two Gun Wants another Hat

My guess is  1)60 countries     2) Algeria, Chad, Somalia

vaga222's picture

Big Yellow Head Warmer

a) 120

b) Somalia, Laos, Serbia

33 and a turd's picture

119 countries Burkena Faso,

119 countries

Burkena Faso, North Korea and Vietnam

ericplatham's picture

Good Luck to Everyone

A) 105

B) BURKINA FASO, NIGER, CAMBODIA

DeltaCharlie's picture

Turd Quiz, Love it.

a) 64 countries

b) Iran, North Korea, Libya 

b15h09's picture

1) 69 countries 2) Somalia,

1) 69 countries

2) Somalia, Cambodia, North Korea

Thanks for the site, Turd and Turdites!  Don't post much, but I try to read daily, and I learn a lot.  Much appreciated.

WYO Silver's picture

Winning Contest Answers

1) 103

2) Eritrea, Guinea, North Korea 

ScottJ's picture

185 out of 196 countries

185 out of 196 countries visited within the first 90 days....

Three countries that don't check out the Turdville:

Have no clue.... went to google "smallest countries," but yikes!  Definitely going to be countries that many of us probably have never heard of.... so I won't humor myself :)

Colonel Angus's picture

Countries

a) 88 countries.

b) Azerbaijan, Myanmar, Tajikistan

ericplatham's picture

The powers that be are still playing the bottom line

Okay, so the lines can be off a tad (sorry, working off a laptop today), but it is pretty clear (to me) that the bottom line needs to be defended.

aha69's picture

The New Bankster ‘Weapon’ Against Gold/Silver

An interesting article about perhaps the new bankster's means of attack!

In any long-term bull market, we would normally expect to observe several phases. Put another way, in any long-term trend (in this case higher) we would not expect to see this entire period dominated by a single trading pattern.

In “free and open markets”, the simple dynamics of supply and demand will almost always change trading patterns as the years go by – and rising prices re-shape a market. Even in our own, heavily-manipulated markets we would expect that the combination of rising prices and time would serve to create new patterns and dynamics.

This is certainly true with precious metals markets. The gold market in particular has exhibited three, distinct phases since its massive, bull market began a decade earlier. The 10-year chart below provides us with an illustration of these phases (and patterns).

continued

http://bullionbullscanada.com/index.php?option=com_content&view=article&id=22004:the-new-bankster-weapon-against-goldsilver&catid=48:gold-commentary&Itemid=131

Enjoy

StevenBHorse's picture

contest

152

North Korea, Djbouti, Myanmar

maple's picture

quiz

a) 111 countries

b) san marino, andorra, monaco

Tom L's picture

HUI hourly Chart

for this morning's open. Looks like a lot of congestion in the 609-615 area.

http://stockcharts.com/h-sc/ui?s=$HUI&p=60&yr=0&mn=1&dy=0&id=p85377955435&a=243610011

Ta,

scone's picture

contest

1)  180

2)  Tuvalu,  Vatican City,  Nauru

RaRaRasputin's picture

Quiz Answer's

100 countries

Antartica, Aruba, Maldives

Edited to add: Thanks for the thanks message Turd & you're most welcome - glad to be part of your great community & will support whenever you need

Pining 4 the Fjords's picture

Hat me, dude.

1.  157

2.  Surinam, Gabon, Guinea-Bissau

O' Lord, I humbly beseech thee for thy blessings upon my quest for the fabled yellow hat, ask you to smite my competition for they are ugly in your eyes, and ask thy favor upon my guesses.  Amen.

Outfitter's picture

Contest

123

Antarctica, North Korea, Iran

Yooper Rick's picture

The Destruction of Middle

The Destruction of Middle Class AmeriCONNED

Say hello to the new boss, same as the old boss.    

http://www.thedailybell.com/2927/Deliberate-Impoverishment-of-the-Wester...

stoneeh's picture

Ah, so nothing happened on

Ah, so nothing happened on the 10 year anniversary of 9/11, and also not on 11/11/11? The nutters were proven wrong once again.

stoneeh's picture

Okay we have broken the line

Okay we have broken the line on silver. From a chart analysis standpoint, shouldn't we be on our way to 39 or something now?

PM Stackin' Fool's picture

Hat Time!

1. 143

2. Cambodia, Chad, Somalia

ferretflat's picture

my guess

128 countries.  North Korea, Somalia, Myanmar

D_FIBRILATOR's picture

Rolling

A) 165

B) South Sudan, Togo, Tonga

timpa's picture

removed

removed, probably just hype and paranoia...my apologies

timpa's picture

double post

Sorry

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