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 - 6:38am


Hi everybody,

my first post, to this wonderful forum.

What do you think, will silver and gold really break through the 41/1620 today?

I know this number aren't significant in the end, but for now.... it keeps it exited!

Thanks all, for all you have done and written already

Jul 25, 2011 - 6:24am

Been dying got post this

Double post - kept the one below

Jul 25, 2011 - 6:23am

Joy Division

Been dying to post this classic from my youth - todays seems as good a day as any. Check out the dancing !

Joy Division - She's Lost Control
Jul 25, 2011 - 5:25am

How does this thing end?

If this default thing gets to the point where the rest of the World seriously believes that we've lost control of our house of cards. What then?

Over the weekend we've heard from Tim Geitner, saying "Default was unthinkable."

Hillary says we'll handle the debt problem, or something to that nature.

The Dems and Republicans are nowhere close to making a deal.

Both sides could just punt, and let Obama raise the debt ceiling for the good of the Country. Then he looks like the big spender, but also looks like the guy who took the bull by the horns and showed us some leadership. Right? At least that would be the spin.

The Fed can't raise the debt ceiling. Thank God! Their game ends to a degree with no new money to lend. How well will the Fed handle that? Somebody important will have to scare the Hell out of the Country. Followed up by a "flash crash" to reinforce the fear.

So if Humpty does take a spill and the System nose dives so fast that the boys is charge CAN'T stop it, why do I care what the price of Silver or Gold is when priced in Dollars?

Might as well be priced in wampam, or mud balls, or rat turds, or something else equally worthless.

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

I know it's not going to be pretty, but I'm just wondering..... How does this thing end?

I know it won't be pretty.

Jul 25, 2011 - 5:22am

1620.00 :)

1620.00 :)

Jul 25, 2011 - 4:43am

"Evening looks risk offish.

"Evening looks risk offish. Strange, EE/sentiment could have crushed "markets" for QE setup/OPEX"

Holy f... Don't do that! I read "could have crushed markus"


- Markus

Blue Sky
Jul 25, 2011 - 3:52am

It's all about gold

while half the world sleeps. If we break $1620 in London the race is on, at least until NY opens.

Should be a lot of fun one way or another.

Jul 25, 2011 - 3:43am

The empire tries to strike back

The empire is trying to bring silver down as we speak but it seems they are not trying hard enough. I think they will get their asses smacked tonight.

Jul 25, 2011 - 3:12am

Eric O ....I've been saving

Eric O ....I've been saving up my money JEST as hard as I can so that I can AFFORD me some of those 'SPENSIVE miners o'yours. :D

..Hmm.. you're right. I need to stop on by there and see ya'll. Sweep the place up and dust it and throw out a welcome mat and I'll see if I can work you in this week. ...Don't fuss or go to too much trouble. ...lol. .......J/K. I thank you sir for the invitation and I will stop by for sure. ;)

Hey.. I was watching an old re-run of the Andy Griffith show this week and they had the one on where Goober was trying to attract more customers to the 'filling station' to buy gas from him so he decided to run a contest and let the townspeople get a scratch off ticket for a chance at a couple of dollars of free gas if they bought gas from his 'filling station'. .........You could do that with your miner thread. Give out free mining shares and such to visitors. :D ...Your thread is already VERY popular.. ...but just imagine how that could kick it up a notch. :]

...lol. ..Yeah.. ..It's late..

Jul 25, 2011 - 2:23am

Looks like gold is starting

Looks like gold is starting to moving up again.

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