Top Hat Tips - Blog

While these in-between FOMCs rarely produce much new information, the low-volume, summer doldrum "markets" are dying for anything to play around with. So while it's hard to expect more than a few subtle verbiage changes in today's Fedlines, be prepared for some HFT-created volatility regardless.

Turd's Vault

The Rising Tide

By Turd Ferguson | Tuesday, July 25, 2017 at 9:46 am

One of the tailwinds we have in 2017 is a sharply falling US dollar, at least as measured by the POSX. The idea is that this will promote a general interest in "commodities" and this rising tide will eventually help to lift Comex Silver and Comex Gold.

More Commitment of Traders Perspective

By Turd Ferguson | Monday, July 24, 2017 at 10:33 am

We all saw a lot of commentary and "analysis" over the weekend regarding the latest Commitment of Traders report. Again, these numbers are most important when considered through the lens of historical perspective and that's what we attempt to show you today.

Watching Gold Into The Close

By Turd Ferguson | Friday, July 21, 2017 at 9:55 am

We've been watching CDG climb all week toward the important level of $1250. With price butting up against some key technical indicators, we'll want to watch price into the close to see where we end the week.

Turd's Vault

The Count Creates Craziness

By Turd Ferguson | Thursday, July 20, 2017 at 10:23 am

Count Draghi once again emerged from his crypt today and he had a few surprises up his cloak. Most notably, the revelation that "ECBQE tapering scenarios are not being discussed". And as those words passed his fangs, the fun began in earnest.

The Last JBSFC For A Few Weeks

By Turd Ferguson | Wednesday, July 19, 2017 at 3:06 pm

A thorough update last evening ahead of a multi-week break for Batchelor and Cohen as both prepare for some vacation time. Please be sure to listen so that you are fully caught up before the break.

Turd's Vault

Watching USDJPY

By Turd Ferguson | Wednesday, July 19, 2017 at 9:52 am

Once again, we find ourselves closely monitoring the all-important USDJPY. Why? Because if the 2017 pattern repeats again, it's about to fall even farther. And if it falls back toward the 2017 lows...well, you should know by now what that will mean for the price of Comex Digital Gold.

A Specific Peculiarity

By Turd Ferguson | Tuesday, July 18, 2017 at 10:02 am

For years, we've watched JPMorgan stockpile what is alleged to be physical gold and silver in their Comex vaults. However, something has changed over the past four months and we thought we should bring this to your attention today.

Turd's Vault

Comex Gold Threatens Its 200-Day Moving Average

By Turd Ferguson | Monday, July 17, 2017 at 9:06 am

As Comex gold approaches its always-critical 200-day moving average, today we review the latest charts and assess what might drive the "markets" as the week progresses.