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

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Recent Comments

by Winder, 20 min 49 sec ago
by seneca sam, 21 min 34 sec ago
by lakedweller2, 39 min 11 sec ago
by SteveW, 1 hour 5 min ago
by bruinjoe, 1 hour 14 min ago

Forum Discussion

by NW VIEW, 41 min 35 sec ago
by sierra skier, 6 hours 59 min ago
by NW VIEW, 8 hours 27 sec ago
by Porros, Aug 21, 2019 - 5:00am
by sierra skier, Aug 20, 2019 - 5:12pm