Site Improvements

Wed, Jul 27, 2011 - 10:27am

First, some business before we get to the charts.

This site is now about six weeks old and, like a six-week old, continues to grow. We've already made several, behind-the-scenes improvements in response to your feedback. Now it's time to make a few more.

As you know, this site is no longer about's about you. For some reason, people take an interest in what I have to say about the PMs so I continue to write the main blog. The site as a whole, however, is about and for you. The forums, the chatroom, the charts...all are there for your education and the assistance you can provide others. The site costs quite a bit of money to maintain and the servers required to keep it running smoothly ain't cheap, either. Therefore, we have advertisements and, soon, affiliate sponsors.

Also, prior to building the site, I asked for feedback as to what features you'd like to see included. Two of the most common responses that we were unable to incorporate immediately were private messaging between members and an "ignore user" feature. I'd like to implement these features now. It comes with a catch, however. I'd like you, the user, to share in the cost. If adding private messaging and/or ignore features would be useful to you, please help defray the cost by "feeding the turd". Every little bit helps and once I get about half of the cost covered, I'll proceed with the additions. I'll keep you posted on the results of this first-ever "turdathon".

OK, back to your regularly scheduled blog. The PMs are kickin booty this morning as the nonsense continues in DC. There is a general "risk-off" feeling today as everything else is down. This may keep the metals from soaring but it should not be enough to inspire a protracted raid, either. For now, I'd love to just simply get through this day with these gains intact. A gold close above 1625 would set up another leg higher, toward the 1640-45 area. Similarly, a silver close above $41 primes a run toward 42-42.50.

It's just a hunch but I can sure see all of this coming together at about the same time. By tomorrow, the POSX begins dropping again and the PMs rally further. By Thursday or Friday, at about the time gold nears 1645-50 and silver is pushing 42.50, the POSX may be making new lows near or below 73.30 on the September contract. Then the news will hit. The grand compromise will be reached. The country will be saved. Economic nirvana will prevail. All will be well. For about a day. Then, reality will sink in. From where will all this new debt come? Hmmm? The metals will reverse and we'll be back to business as usual.

So, for today, watch 1625 and 41 very closely. More later. TF

p.s. We need a couple more "moderators", too. Anyone willing to help? If so, please email me. Thanks!!!


After a valiant fight, the metals finally succumbed to the short-covering rally in the dollar. Gold dipped as low as 1608.90 (remember that initial support is around 1610) before recovering slightly. Silver fell in tandem but has maintained above $40. Holding support, both technical and psychological, is very important. I'd expect the dollar rally to soon end as the "real world" re-asserts itself overnight. This should lead to a rebound in the PMs overnight and into tomorrow. Again, WHEN some type of deal is announced from DC, EXPECT the PMs to drop sharply. I'll be buying this dip. Within 24 hours (or maybe considerably less), rational minds will realize that the U.S. is again allowing itself to go even deeper into debt. These rational minds will stop the selling and the PMs will reverse.

On more thing on today's trade. Last night, Harvey again posted a note from Dave in Denver. With the benefit of hindsight, this proves quite accurate. Definitely worth considering and a good thing to file away for the next option expiry cycle:

"One quick technical point about the gold market. As of this morning there were about 18,900 open calls at 1600 that expire today on Comex gold futures. Historically, the big bank manipulators write those calls and then drive the market below the price point at which they've written calls in order to keep the premiums. It's not huge money but it's been easy money for them over the last 10 years. Today obviously those calls expired in the money by about $17, which means the holders of those calls will likely exercise their option and take delivery of futures contract. A few months ago this same situation occurred and the manipulators hammered the silver market the day after expiration, likely creating a large number of sellers out of the traders who had taken delivery of their profit-position silver futures. It was a very transparent manipulative move, but effective nonetheless. IF we don't see the manipulators successfully "run the stops" tomorrow or Wed, my bet is that we will likely see $1650 gold very quickly, as this will be a very bullish signal that the gold cartel is losing its ability to manipulate the market at will."

Lastly, the Technical Team here at TFM wanted me to point out a couple of improvements we've already made, just in case they've gone unnoticed. Here is a c&p from them:

Based on your suggestions, we adjusted the Recent Comments page ( so you can use it as a "dashboard" for reviewing all comments across the site. You can sort by newest or oldest first. You can choose a start date for comments. You can also filter by username and title of the forum topic or blog post. To quickly access the latest comments, click on the Comments link in the navigation bar.

The main RSS Feed has been moved to FeedBurner due to inconsistent updates with FeedCat. The new RSS feed URL is:

OK, that's it for now. The "Turdathon" is going quite well and I hope to have some news for you soon on the potential improvements. Have a great evening. Keep an eye on the headlines!! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


The Doc
Jul 27, 2011 - 10:30am

The HKMEx Was Founded By Nathaniel ROTHSCHILD!

For the Turdities who are interested…evidence proves that the HKMEx was founded (and owned) by Nathaniel Rothschild!

Think this is still bullish for silver? They may well be positioning for the inevitable parabolic spike in gold and silver.

Urban Roman The Doc
Jul 27, 2011 - 10:34am


I don't think it's necessarily bearish. It means the Rothschilds intend to keep running the casino and extracting money from the marks.

It's quite bullish for collectors of physical silver..

Jul 27, 2011 - 10:39am

USD and HUI:GOLD in colours:)

With the charades going on in Washington, it's no wonder the US dollar index is as weak as it is. It bounced at 73.50 and I expect it to stay between there and 74 for a couple of days before it continues to test 73 and thereafter 72.70-72.80. This analysis doesn't take a short relief rally (if the US Congress agrees to raise the debt ceiling) into consideration.

It looks more and more like the gold stocks are putting in a H&S bottom against gold to hopefully greatly outperform the latter once they have broken out of the formation. The second half of August seems like the right timing, not just from admiring the chart but also from a seasonal point of view.

Jul 27, 2011 - 10:39am
Jul 27, 2011 - 10:42am

Wow. Spot prices up and my

Wow. Spot prices up and my miners continue to endure their normal beating. This really makes alot of sense.

Jul 27, 2011 - 10:43am


Isn't "it" all run/managed/controlled by "them"?

Still we stack and trade-sometimes trading profitably (by mistake/luck in my case, or a little help from my turdy friends).

The investment (ha!) scene has been out of the reality spectrum for a while now; the machine/matrix/algo rule.

I/we need a method that takes this into account so we can capture crumbs that drop from the gaping maw of Mamon as it feeds.

Stack and hold seems the best way but trading adds the mistique (sp) of the hunt; we need that.

Jul 27, 2011 - 10:43am

Turd, please adjust prices

"A gold close above 1525 would set up another leg higher, toward the 1540-45 area."

I know that Au was in that area for quite a while, but if it moved there now I'd be worried. Honest mistake, I won't give you grief, but maybe you want to change the "5" to a "6" throughout the entry?

Thanks for everything that you do - this is the best site, bar none, on PMs.

Jul 27, 2011 - 10:44am


Turd, you made some typoes, you're using $15 when the gold price is $16.

Second, I had a suggestion for additional site improvement - put a "newest comment" link in each blogpost to reduce the number of clicks we need to get to the most recent comment. Right now we need to click on the blogpost, wait for it load, scroll to the bottom, and then click on the last page for comments. I come here for both your posts and the commentary and would like a way to immediately jump to the most recent comment.

Jul 27, 2011 - 10:44am
Jul 27, 2011 - 10:47am

WoW is this the raid

See the drop:

Question: How do those "neat" guys add charts to their posts. Wish I knew the trick

Jul 27, 2011 - 10:47am

Something nasty this way

Something nasty this way comes.

Jul 27, 2011 - 10:51am
Jul 27, 2011 - 10:51am

Interesting how the miners

Interesting how the miners diving frontran this latest raid. Someone definitely knows something and profits from it everytime.

Bay of Pigs
Jul 27, 2011 - 10:51am

Bill Buckler quote

From Ed Steer today,

Here's a 3-paragraph quote from Bill Buckler's bi-weekly publication The Privateer that was sent out to subscribers early on Sunday...and there are few that can cut to the chase as quickly as Mr. Buckler...

"The fuel to keep the global financial system functioning does not stop at the borders of the US. The “Dodd-Frank Wall Street Reform and Consumer Protection Act” has just produced the first ever “audit” of the US central bank. It reveals that in the period between December 2007 and July 2010, the Fed parceled out $US 16.1 TRILLION in emergency loans to financial entities all over the world. Almost half of this - a total of $US 7.75 TRILLION - was loaned to four US banks. They were Citigroup, Morgan Stanley, Merrill Lynch and the Bank of America. In July 2010 [the cut off date for this “audit”], total US stock market capitalisation was $US 15 TRILLION. The Fed provided about half of that.

"This inflationary explosion is unprecedented in any era. It represents the biggest ever effort to rescue a debt-based system from the ravages caused by its own debt issuing excesses. It has, at best, provided a “remission” for global paper markets. The cost has been devastating for REAL economies everywhere.

"A cancer patient who goes under the knife gets the malignant disease physically removed. If all traces of the malignancy are removed, the patient will recover. If all goes well, the recovery will be permanent with no “remissions”. A life-threatening malignancy is NOT fought or cured by doing everything possible to increase its power and potency. Yet that is what financial authorities in the US and everywhere else have been doing in regard to the life blood of their economies. As this stark fact becomes ever clearer, Washington DC and Wall Street stand helpless before the fact that they can only cure the economy at the cost of killing the financial system which is feeding on it. It’s THAT simple. - Bill Buckler...ThePrivateer...July 24, 2011

Blight Master
Jul 27, 2011 - 10:57am

Hit the last post on the other thread

Looks like the MSM has done well in funneling everyone into paper gold and diverting them from silver. Plenty of weak hands in now primed and ready to get shaken out. They need to do something big to scare the herd off if they're ever gonna get gold under control. I think a raid on gold would have a much better impact on both gold and silver then their usual silver takedown to control gold.

Jul 27, 2011 - 10:57am

Every miner/index for pm's at

Every miner/index for pm's at the same time?

Is this contrived or what?

edit; algos hunting for stops?

paulindoon paulindoon
Jul 27, 2011 - 10:58am

Sorry have to click Ag under Instrument

Netdania - for some reason - always reverts back to EUR/USD when first loaded. So in Instruments`change fro EUD/USD to `Silver, Spot

Blight Master
Jul 27, 2011 - 10:59am

re the HKMex

Several of us have been parroting this for a while now. The new director of the HKMex is the former director of the NYMex and sits on the Fed board. I believe my quote was "Same shit different continent."

Dr G
Jul 27, 2011 - 10:59am

Raid on as London comes to a

Raid on as London comes to a close. Let's see a nice FUBM in the charts, pretty please.

Jul 27, 2011 - 11:02am

Turd, why did you decide to

Turd, why did you decide to re-invent the wheel with building the forum from scratch instead of using one of many well established forum scripts like vBulletin, SMF, phpBB, etc?

Blight Master
Jul 27, 2011 - 11:08am


I'd like to think privacy had a little bit to do with it. I only have experience building and running a Simple Machines Forum but the coding is wonkish and the security is pretty piss poor. Very easy for a SMF site owner to harvest all their members' passwords and emails and PMs (Private messages in this case) are not secure. This is all speculation though, I have no idea why turd built this whole new site from scratch, but I like it.

Jul 27, 2011 - 11:08am

theres a rumor on wall street

theres a rumor on wall street that the guy in charge of gold and silver manipulation just came back from vacation ;-)

Jul 27, 2011 - 11:12am
Jul 27, 2011 - 11:14am

where are the ads?

Would like to feed the Turd by clicking ad links, but I don't see any on this new site!

Jul 27, 2011 - 11:14am

Ok sent a donation

You deserve it - good work TF

paulindoon Tesla
Jul 27, 2011 - 11:17am

Tesla: how did you copy the Netdania chart

I tried right clicking & copy but it would not paste in my post!!!!

I tried creating a Snipping tool with no success.

Tesla: How did you copy then paste the Netdania chart

Jul 27, 2011 - 11:21am

And my thoughts on the

Ron Paul Talks About the Fed & Debt

And my thoughts on the Fed...


This was just a LONDON FIX raid... expect a couple more before the debt ceiling, and then up up and away...

Along with inflation....

Jul 27, 2011 - 11:24am

I am buying the miners.  Why?

I am buying the miners. Why? Because no one wants them. I do because I can see the USD and Gold going up. Yes like the yen it's a POS. But even Jim Rogers thinks it's way oversold at this point some day fundamentals will rule.

Gold and the USD as strange as it sounds could both work. But I am a gold bug at heart.

That's a fact!!!!! Buying AEM QNMNF AXU and NG they are on sale!!!!!!

Jul 27, 2011 - 11:36am

Ignore your miners G, the

Ignore your miners G, the chemo takes a while to reverse the cancer, and as my old boss used to say," the beatings will continue till morale increases". kachingo time for sept dec ag calls, I hope Lowes still get wheel barrows.

Back to work.............

Jul 27, 2011 - 11:37am

feed the turd

turd, do you have a snailmail addy for contributions? some of us dinosaurs don't use credit cards.


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Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
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5/1 2:00 ET FOMC Fedlines
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