Fri, Jul 22, 2011 - 10:21pm

Just two simple charts for you to chew on over the weekend. I'll be unavailable for a couple of days as I'm headed to where the streets have no name. It'll be a sort of homecoming for me in the city of blinding lights, out there in God's country, where the land is often as white as snow. This time of year, however, it should be a couple of beautiful days.

First up, here's a weekly silver. As you can see, the uptrend from 2010 appears to be firmly intact. This chart confirms for me, however, that silver, above 40, will encounter some resistance around 42 to 42.50. It won't be the end of the world but there may be a period of a few weeks where gold will outperform. Ah...silver and gold. What a pair! Two hearts that beat as one!

Gold, on the other hand, looks magnificent...almost like staring at the sun. Gold may often seem to move in mysterious ways but, in fact, it moves with grace. Once you realize that the goal of The Cartel is to manage its ascent, you can begin to see, and rely upon, repeating patterns. The most grand of patterns is evident on the chart below:

The pattern above is not just the real thing, it's even better than the real thing. Note how, since 2009, gold has followed a six-month pattern of, roughly, 20 weeks UP followed by 6 weeks down. It may appear out of control but it is, in fact, the sweetest thing. Gold is now clearly into its next 20 week UP cycle. Following pattern, we should expect a mid-November high, somewhere in the neighborhood of $1800. Not bad.

That's it for now. I must walk on with or without you. I hope you have a great weekend though of course, some days are better than others. This is my exit but I'll be back in three sunrises. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 25, 2011 - 8:30am

Good Morning - BLYTHE (have some FUBM)

Hate waking up to Blythes monkeys the same old bad smell!

Jul 25, 2011 - 8:30am

Last word on Norway: Bob Chapman nails it

What a nose Chappy has, he had this thing sussed by 4pm on Friday. His read is not one you've heard out of the MSM or gotten from others who can't or won't understand the background of how these things go down, why, and for whose benefit (cui bono).

He explains how this false flag "terrorist event" event goes to the bankster agenda. Bob said the real target at the Camp was the PM who was supposed to be there. Labor is the party in the lead of pissing off the banksters & Israel. "Terror attacks" are what a supposedly sovereign nation is subject to if and when it gets its own ideas. Thank you for clearing it up Bob.


Jul 25, 2011 - 8:22am

EWC - worry not abroad, worry of the enemy at home

Yes you are now a prime terrorist suspect if you are white and middle class according to your very own Homeland Security. Amongst major terrorist give-away signs (according to $10m pissed away on their training video) are if you are, "using a video camera, talking to police officers, wearing hoodies, driving vans, writing on a piece of paper, and using a cell phone recording application.."

Yes the paranoid delusional cretins, sorry 'security experts', of HS have turned everyday habits into terrorist activities. Indeed nearly all public complaints are made by Asian, Arab and black citizens against 'potential terrorist' white citizens.

Suffice to say i couldn't care less who's making the complaints just that they are and why HS don't just wear Nazi badges so we can identify them for the fascists army they clearly are


Jul 25, 2011 - 8:09am

Stocks looking a bit ill today...

...maybe the investment community had a rough weekend!

Asian stock markets were down an ill looking 0.70% to 1.60% while they must have partied all weekend in Shanghai as they looked totally wrecked down a mega-hangover 3%

Europe looks flat and stagnant (for about 30 years actually, it's a mental drinking disease called 'socialism') down 0.15%

let's see how the Yanks do when the sun rises on their suicide socialist State . . .

Jul 25, 2011 - 7:59am

Norway gets curiouser and curiouser...

Breaking Story:

The Second Tragedy is the Lies


“The attack in Oslo also came 65 years to the very day after the Israeli Irgun blew up the King David Hotel in Jerusalem”…Eileen Fleming

Jul 25, 2011 - 7:57am

@shill Cheers. If you check


Cheers. If you check this page https://www.japantimes.co.jp/news/tohoku-kanto-earthquake-news.html a click on the appropriate links, you can see that there are dozens of earthquakes all over Japan every day and as been for centuries everyday ! So, we are kind of used to them as are the buildings - no one died from the earthquakes here. 30,000 died from the tsunami.

edit. Just after typing the above, had a little tickler of a quake. Again, no biggie.

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Jul 25, 2011 - 7:53am


Lumpy wrote:

Its starting to feel like the Bay of Pigs for the System.

Well done metaphor. I have been puzzling what to call it myself. The Congress makes the CEO look like he's irrelevant (he is), the CEO takes charge, rushing down to the river like a herd of turtles to drink excessively of the smooth flowing water, founders and bursts into a plate of used hay.

The congress critters don't want their fingerprints on this crime scene. They know how tense things are getting and they have all been briefed by Homeland Security as to the potential flash risk simmering throughout the land.

Meanwhile the globe is ripping abort with a 6.0 or better 6 out of the last 7 days. Watch here:


I been watching since just after Fukushima. Folk, we had a volcanic event in southern California a few days ago. Anybody hear about it? And six-o quakes used to be big news. Surely, six out of seven days in a row should attract even the most obtuse of the MSM news hawks.

So, consider something else: Maybe the EE is playing this to their even greater benefit. They took on all those shorts a couple years ago, and have played out the same strategy. Meanwhile, they have developed their exit strategy and are implementing it while we screech about the next raid. Others have noticed, but have they put the plan together with a strategy of their own? Most are straddled, parked, betting the 2011 crop if not the whole farm.

I'm expecting a huge spike up over the next few months. Hell, I'm smart enough to agree with the bulls in the pen.

Jul 25, 2011 - 7:41am

In bed in Tokyo 4am when it

In bed in Tokyo 4am when it swayed the bed slightly. Didn't even bother waking up - no biggie. No damage at all. Biggest news story here today was analog TV getting closed after almost 60 years and the full switch to digital.



Jul 25, 2011 - 7:38am


Futures are ON FIRE!..look awesome this morning.

61.44 OR + .68

@Hammer glad everyone is safe. be well

Jul 25, 2011 - 7:21am

Next on the debt hit list:

Next on the debt hit list: Italy.

Italy, the holder of the world's third largest debt has the world's eleventh highest debt-to-GDP ratio, is unlikely to reduce its debt-to-GDP ratio to less than 115 percent even with massive cuts to its annual deficits as shown here:


6.2-magnitude quake hits Japan's Fukushima Prefecture


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Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI