Anniversary Hat Contest

Thursday, May 17, 2012 at 8:01 am

As hard as it is to believe, this site will have it's 1st birthday on 6/14/12. Time sure goes fast when you're getting the snot beat out of you, day after day.

It's been a crazy 11 months but today is not the day for a retrospective. Today IS the day to start a new Hat Contest! Same rules as before. Submit your guess for the closing Comex price on Thursday, June 14 for the July12 silver contract and the August12 gold. Each winner will receive a genuine, 100% authentic and autographed Turd Ferguson hat. If any lucky Turdite manages to win both categories, I'll even throw in an original mint "silver Keiser" for good measure.

So, go for it! Enter your guesses in the comments section of this thread. I'll leave it open for entries through the Comex open tomorrow (8:20 am EDT) if you want to take a look at today's action before committing. Remember, all new Turdites have their initial comments sent into the "moderation queue" for approval. So, if you don't see your entry show up immediately, do not despair. Just give the mods and I a little time to find it and publish it.

I'm going to be out most of the day today so I won't be able to post a new thread until at least mid-afternoon. Please continue to use the "sticky" thread at the top of the homepage as your discussion/open thread. In the meantime, the nice rally overnight was derailed by euro weakness earlier today. Oh well. At least we are up a little off of yesterday's lows. Baby steps, everyone. To begin with, we need to stem the tide of the spec shorts. Then, we can reverse and squeeze them.

Have a fun day! TF

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Comments

Eerily quiet on Gold on CNBS

Submitted by DeltaCharlie on May 17, 2012 - 10:28am.

... just confirms the coruption in the system that goes right up to MSM like CNBS....

...also, where are the TROLLs on this site? Speak up, bitchez!!

Ag: $20.91 Au: $1726 I am

Submitted by tmosley on May 17, 2012 - 10:30am.

Ag: $20.91

Au: $1726

I am thinking the Euro is going to collapse, and the idiot algos will take silver down with it. Given the new thoughts of QE coming, I upwardly revised the numbers I was planning to pick on both. I think the next batch of QE combined with CB buying will drive gold up, decoupling paper gold (which is still by an large backed with physical gold) from paper silver (which is backed at a ratio between 0.1 and 0.4%, IMO).

Don't expect to be able to buy actual physical silver for less than $30 at that point. Possibly $40. Expect much more Corzining during the coming months as well.

Trolls for what? What are you

Submitted by Dr G on May 17, 2012 - 10:30am.

Trolls for what? What are you talking about.

GOT my finger...

Submitted by Big Buffalo on May 17, 2012 - 10:31am.

silver: 29.32

Gold: 1628.34

4 weeks? 400 bucks...

Submitted by koan on May 17, 2012 - 10:34am.

$1970

and silver can damn well double too so $55.60

Oh yeah, baby, oh yeah...

Go on then!

Submitted by silverstool on May 17, 2012 - 10:35am.

Ag 37.66

Au 1766

my guess

Submitted by matthenue on May 17, 2012 - 10:37am.

silver $32.56

gold $1673.54

guesses

Submitted by Gont on May 17, 2012 - 10:38am.

silver : 29.36

gold : 1622.81

Whoho

Submitted by moguls on May 17, 2012 - 10:45am.

Silver:32.77

gold: 1677

Spinning the Wheel O' Wonder

Submitted by DarkStar on May 17, 2012 - 10:46am.

..and it landed on:

Gold: $1712.00

Silver: $31.26

Au 1658, Ag 32.35

Submitted by historiography on May 17, 2012 - 10:47am.

Only because I woke up and the chart was straight up. The skirmish has eased, for now, this is a war so many battles ahead.

V shaped bottom

Submitted by brokerk22 on May 17, 2012 - 10:47am.

Measuring the severe panic decline we just had a V-shaped bottom is the likely result. This is it!

My Guess

Submitted by California Lawyer on May 17, 2012 - 10:49am.

Silver: $27.88

Gold: $1,569.00

I figure the bottom is near; however, the Euro weakness has me thinking that the USD will be risk on for awhile, hence physical will be lower, or at least constrained. This Euro weakness will prevent upward movement, UNLESS bentrod unleashes some overt QE. Who knows? So, the prediction is a slight upward bounce from these Turd bottoms, then a retest, or two, some basing, before what I hope will be the next upward leg to $40+ silver and $2,000 gold.

There you have it.

<p.s.: Turd, if I win, I already have a hat. So, I will graciously accept a heartfelt compliment which I would ask you to post on my official website, something like what a brilliant, genius lawyer I am, public servant, what not. Thanks!>

Contest

Submitted by rock collector on May 17, 2012 - 10:50am.

Ag 31.30
Au 1662.40

As recently as 48 years ago, nearly everyone walked around with silver coins in their pocket or purse.
That's a *normal* I would happily return to!

Hat Size = Medium

Submitted by Chicken Little on May 17, 2012 - 10:51am.

Ag = $28.93

Au = $1598.15

Regards,

Chicken

to qe or not to qe

Submitted by badScooter on May 17, 2012 - 10:53am.

I'll flip a coin...if they are going to do overt QE to support the election, they have to do it real soon to get an effect. LEIs start to look a little shaky, but not rolled. I'll presume they do QE as a basis for:

Au 1880.00

Ag 42.50