Another Winner!

153
Mon, Jul 18, 2011 - 10:29am

I've got the re-crossing of $40 silver at about 3:09 EDT last night. Someone just won another autographed yellow hat. But who? I have no idea, frankly. I know someone out there in TurdLand has a spreadsheet of all the picks. Please post the winner in the comments section of this blog.

Our precious precious metals are sure looking fine this morning. Copper, crude and the grains are all down so it is clear that the world is looking at the PMs as safe haven plays...which they are. It's nice, too, to see that silver has shrugged off the "commodity" tag and is soaring alongside gold. Look for this to continue.

Now that silver is back above $40, look for the big money that left the pit back in May to come pouring back in. Not right away but in stages. IF silver can hold its position today and close above $40, the stages will be set for a run toward 42-42.50. It may briefly pause there before continuing higher. A close through $43 will force more dollars off of the sidelines and back into silver. Like April, we will likely see an accelerating move toward 48 and even 50. Do not think for a minute that the Forces of Darkness won't try everything in their power to paint a double-top at/near $50. Be very careful as price approaches that level. However, that's a topic for another day. For today, just enjoy the fact that silver is back above $40 and looks poised to mount another run toward 50 and...eventually...beyond.

Of course, gold looks fabulous, too. Hanging in there just above $1600 as I type. The simple fact that raiding and profit-taking at the psychologically significant sixteen hundred level hasn't occurred is interesting. If gold stays above 1600 for another hour or so, you may see buyers gain confidence that a quick drop will not be forthcoming. IF this happens, gold should skip away toward 1610. In either event, this is big news! Gold above 1600 is headline-grabbing material and it is sure to attract attention. It will help provide bids for the miners and it will provide spillover strength into the silver pit. A virtuous cycle, so to speak. Let's watch and see.

Have a great day. Rejoice and be happy. We are winning! TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  153 Comments

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BullBull
Jul 20, 2011 - 8:22pm

Correction

Bix is an idiot.

FogHorn LegHorn
Jul 18, 2011 - 6:23pm

People

Dog and cat people, - mustard and ketchup people - glass half full - glass half empty people, turd ferguson --- jamie food stamp skimer defraud hospitals schools municipalities get paid $20,816,300\year I'm a good corporate citizen people.Takes all kinds.

Dr G
Jul 18, 2011 - 6:12pm

Stack attack

Another stellar day for the metals. This evening should be full of fun and excitement. Who bought some phyz today and what did you get? Fellow stackers want to know!

Tesla
Jul 18, 2011 - 6:09pm
daveyboy
Jul 18, 2011 - 6:03pm

Or they could relcaim the

Or they could relcaim the trillions given to the banks

Tax the capital gains where literally the super rich have been getting taxed between nothing and a few percent

On top of which cut government spending on the military

Why do you people have to turn this into a gutting cry? It's so downright disengenuous

In fact I will go further and say that endorsing a notion of cutting medicare, medicaid, scrapping welfare is the death knell, literally, on tens of millions

You know full well how many people are living on food stamps right now

lottiedahlottiedah
Jul 18, 2011 - 6:02pm
¤Tom L
Jul 18, 2011 - 5:57pm

Thanks for the tip

I will have to check him out.

It might be a little weird, but am I the only one who can't wait to se what these other markets do tonight once they open up one by one? Hopefully we see a price rise just continue along.

Tom L¤
Jul 18, 2011 - 5:42pm

@DPH:  It's only going to

@DPH:

It's only going to take one big name MSM journalist to expose the Cartel and to put their reputation (life?) on the line in a relentless way.

I honestly can't think of anyone who might do just that.

Then you really haven't been watching/listening to Dylan Ratigan. My bets are on him going all Peter Finch on the air one day. He's close man, really close.

https://soundcloud.com/dylanratigan/rfd-63-rep-ron-paul

You may have to sign-up to listen, but it's a good 30 minutes with RP.

Ta,

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lottiedah
Jul 18, 2011 - 5:41pm

Revolution

Aimee Allen - Revolution
lottiedah
Jul 18, 2011 - 5:39pm

Revolution

MTV's Aimee Allen, Ron Paul Anthem Music Video MUST SEE!!

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