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

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  153 Comments

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LaMachinnaTesla
Jul 18, 2011 - 4:15pm

2 funny!

Lovin' it! Awesome posts, Tesla. Thanks!

psssstttt.....Ginger, you here today friend?

Bay
Jul 18, 2011 - 4:14pm

Thread of Faith ... Christian Discussion

Just dropping a note here that we have a new thread called "Thread of Faith .... Christian Discussion". This will help to keep some of our discussions off mainstreet .... I put it in the "Everything Else" forum and the link to it is below for those interested ....

https://www.tfmetalsreport.com/forum/1621/thread-faith-christian-discussion

bullwhip29
Jul 18, 2011 - 4:09pm
Tesla
Jul 18, 2011 - 4:09pm
snoochieboochies
Jul 18, 2011 - 4:09pm

@ Bullwhip Im just being an

@ Bullwhip

Im just being an overly optimistic noob at the moment. The EE raids have been strangely absent of late and i'm suprised that the let silver get above $39.50 without a fight.

Tesla
Jul 18, 2011 - 4:07pm

Gold #'s

Daily Settlements for Gold Futures (PRELIMINARY)

Trade Date: 07/18/2011

Month

Open

High

Low

Last

Change

Settle

Estimated

Volume

Prior Day

Open Interest

JLY 11

1592.8

1604.6

1592.8

-

+12.3

1602.1

10

35

AUG 11

1594.3

1607.9

1591.4

1602.5

+12.3

1602.4

122,036

275,587

SEP 11

1596.1

1608.3

1593.2

-

+12.3

1602.9

472

8,826

OCT 11

1595.5

1608.5

1594.0

-

+12.4

1603.4

1,844

14,897

DEC 11

1597.3

1609.7

1593.8

1608.0

+12.4

1604.4

13,651

135,799

FEB 12

1598.0

1610.0

1596.9

-

+12.4

1605.8

347

11,167

APR 12

1599.1

1611.8

1599.1

-

+12.4

1607.3

84

6,100

JUN 12

1603.3

1613.3

1599.3

-

+12.5

1609.0

124

14,488

AUG 12

1604.7

1614.2

1604.7

-

+12.6

1610.9

15

5,014

OCT 12

1610.1

1610.1

1610.1

-

+12.5

1613.0

1

4,110

DEC 12

1609.5

1620.4

1609.5

-

+12.5

1615.5

32

11,680

FEB 13

-

-

-

-

+12.5

1618.3

-

1,560

APR 13

-

-

-

-

+12.5

1621.6

-

201

JUN 13

-

-

-

-

+12.5

1625.4

-

11,030

DEC 13

-

-

-

-

+12.4

1639.9

-

12,482

JUN 14

-

-

-

-

+12.2

1657.7

-

3,136

DEC 14

-

-

-

-

+12.2

1680.0

-

9,270

JUN 15

-

-

-

-

+12.2

1706.1

-

3,725

DEC 15

-

-

-

-

+12.2

1736.2

-

2,768

JUN 16

-

-

-

-

+12.2

1768.8

-

6

DEC 16

1805.0

1805.0

1805.0

-

+12.2

1804.6

1

546

JUN 17

-

1835.1B

-

-

+12.2

1843.2

-

-

Total

138,617

532,427

Last Updated 07/18/2011 01:32 PM

Charles S. Hamlin
Jul 18, 2011 - 4:05pm

Santa's $1764 number

Hello,

Why does Santa (Jim Sinclair) refer to $1764 as the "magnet" to watch? What is different about that number versus all of the others that he has pointed to?

https://www.jsmineset.com/

Thanks!

Tesla
Jul 18, 2011 - 4:05pm

Nice One TreeFrog!!!

BTW Everybody here's the CRIME-X #'s (Based on Friday 7-15)

Daily Settlements for Silver Futures (PRELIMINARY)

Trade Date: 07/18/2011

Month

Open

High

Low

Last

Change

Settle

Estimated

Volume

Prior Day

Open Interest

JLY 11

39.770

40.670

39.640

-

+1.270

40.333

481

384

AUG 11

39.710

40.670

39.635

-

+1.272

40.336

409

471

SEP 11

39.350

40.735

39.280

-

+1.271

40.342

63,428

60,230

DEC 11

39.320

40.750

39.320

-

+1.275

40.366

8,051

26,123

JAN 12

39.785

40.510

39.650

-

+1.277

40.367

23

130

MAR 12

39.750

40.660

39.705

-

+1.279

40.365

215

5,251

MAY 12

40.270

40.270

40.270

-

+1.281

40.354

1

1,546

JLY 12

39.320

40.350

39.320

-

+1.283

40.344

30

1,756

SEP 12

39.765

40.395

39.765

-

+1.283

40.333

12

205

DEC 12

39.705

40.485

39.680

-

+1.283

40.312

79

7,783

JAN 13

-

-

-

-

+1.283

40.294

-

1

MAR 13

-

-

-

-

+1.283

40.254

-

400

MAY 13

-

-

-

-

+1.271

40.211

-

-

JLY 13

-

-

-

-

+1.259

40.166

-

2,212

DEC 13

-

-

-

-

+1.234

40.080

23

6,758

JLY 14

-

-

-

-

+1.259

40.026

-

227

DEC 14

-

-

-

-

+1.235

39.982

36

1,175

JLY 15

-

-

-

-

+1.235

39.764

-

166

DEC 15

39.525

39.525

39.525

-

+1.235

39.684

1

448

Total

72,789

115,266

Last Updated 07/18/2011 01:32 PM

LaMachinna
Jul 18, 2011 - 4:03pm

Whoa....

1607!!!!!!!!!!!!!!!

Eric Original
Jul 18, 2011 - 4:02pm

Richard Maybury's Early Warning Report

Got my new issue in the mail today. Been a subscriber for years and years.

Read it and promptly called and cancelled my subscription.

Crime in the streets is because of socialism in the schools. Flooding rivers are because of socialism. Blah, blah, blah.

Get enough of that kind of crap everyday right here on the blog. I'm not going to pay good money for it to slither it's way into my mailbox.

It's a good thing Maybury bought all that long term care insurance years ago. He's going to need it. Pretty obvious that dementia is setting in.

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