Check This Out!

Wed, Aug 17, 2011 - 1:14pm

 I'm sure this is just a coincidence...<heavy sarc> <ON>


Here are your updated charts. Moments of truth appear to be coming.


More later. Keep the faith. TF

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turd [at] tfmetalsreport [dot] com ()


Shill · Aug 17, 2011 - 1:22pm

15 the magic number TURD?

15 the magic number TURD?

cpnscarlet · Aug 17, 2011 - 1:24pm

Nothing to See Here

Nope Nope....all random....nothing unusual here...

Now where's that unicorn of mine??? Oh to the pet dragon. Pixie dust anyone?

Bay of Pigs · Aug 17, 2011 - 1:27pm

Harry Dent

From previous thread. I see Turd beat me to the punch on this guy. I've never heard of him, and I've followed the PM market for 12-15 years almost every single day). 

I remember when 10 cents was a huge move up in silver and a buck or two for gold. $325 was a line in the sand which seemed to go on forever (2002-2003). Lol...

To put it mildly Mr Dent can't be very good. Gold closed at yet another all time high today in London,

$1792 AM fix

$1790 PM fix

Gil · Aug 17, 2011 - 1:29pm

Coincidence not having much impact

Santa says: Under .7400 the dolllar denies a reaction in gold at these levels.

madgstrader · Aug 17, 2011 - 1:35pm
Economical Disaster Bay of Pigs · Aug 17, 2011 - 1:35pm

Harry Dent is the worst

Harry Dent is the worst economic advisor I have ever read. He has been wrong on every front. He told his followers to sell GOLD at $600! He stated the dow would be 20,000 this year. If it was 20,000 that would be ZIMBABWE stats. He has NO clue about economics. Listen to him and do the opposite. He's plain DUMB.

mrgneiss · Aug 17, 2011 - 1:38pm
Shill · Aug 17, 2011 - 1:44pm

1:43p BREAKING Gold settles

  1. 1:43p


    Gold settles 0.5% higher at record $1,793.80

llaettner · Aug 17, 2011 - 1:45pm

40.40 Silver, short today, long tomorrow?

Great spot for an early short today no doubt, I didn't have the discipline to ride mine all the way down, but profit non the less, will it be a good basis for a long? 

Monedas · Aug 17, 2011 - 1:48pm

Hairy Dent ?

He was dropped on his head at age 10 months ! The dent is covered by combing his hair over it ! Unfortuneately, their persists a troublesome air bubble inside his skull which pressures his brain ! Monedas 2011 Keeping the pressure on the "Bubble Geeks" !

snoochieboochies · Aug 17, 2011 - 1:52pm

That chart definitely looks

That chart definitely looks ominous! What annoys me is that the insiders who know when the sells are coming are probably already stinking rich and STILL making bucketloads of cash while the rest of us have to try to navigate the turbulent waters of gold/silver to make a buck. It's the same old story of the rich getting richer and the poor getting poorer.

I made some money today, could have made more if I'd heeded Turds advice about the beatdown above $40.40 and Hi Ho's warning about there being resistance at $40.30. But I'm just glad to be making some money instead of loosing it!

CreditCrumbs madgstrader · Aug 17, 2011 - 1:53pm

Must be HFT robots

"repeating time patterns in gold are common:"

Must be because of HFT robots discovering micro patterns to exploit. 
Shill · Aug 17, 2011 - 1:57pm

Mortgage Delinquency Rates

Mortgage Delinquency Rates Rise in July

The national delinquency rate for loans 30 or more days past their payment date but not in foreclosure is at 8.34% through July 2011.

silverbleve · Aug 17, 2011 - 2:03pm

Bart says...

Wow commisioner Chilton has actually responded to Ted Butlers (and many others) letters on position limits in Silver! Clap Hands. Full letter link below:

AugmentedFourth · Aug 17, 2011 - 2:06pm

Harry Dent

Reading his name just makes me think of Twoface / "Harvey Dent"

Someone could probably do a pretty good photoshop job on him I'm sure!

Dr G · Aug 17, 2011 - 2:07pm

Still blows my mind that gold

Still blows my mind that gold has support in the $1775 region. Two weeks ago we were capped out at $1650. 3 weeks before that we couldn't get past $1550 for the life of us. Multiple attempts.

Soon (I'm placing it before the US holidays) we will see solid support in the $2000 region. Wrap your brains around that one!

brad_pitts_betterlooking_brother · Aug 17, 2011 - 2:08pm

harry dent

is a harry dent.

if u get my drift...

Dr G · Aug 17, 2011 - 2:09pm


I'm slow today. Can you expound a bit more on that for me. Teach me. :)

Economical Disaster · Aug 17, 2011 - 2:15pm

Very interesting development

Very interesting development in VENEZUELA! Does England still have the GOLD? If not, GOLD to...???? moonshot...

Any bets they will just print some cash and give it to VENEZUELA? I hope the gov't refuses cash and insists on the GOLD.

The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank.

A spokesman for the Bank for International Settlements where Venezuela keeps $3.7 billion of its cash reserves, and 11.2 tons of gold, Venezuela values at $544 million, according to the document, also declined to comment.

¤ · Aug 17, 2011 - 2:17pm

Very quiet on the international front... can hear a dollar drop.

Say hello to $1800 before close today.

The Venezuela news must have just rippled through after the gold close today.

cpnscarlet silverbleve · Aug 17, 2011 - 2:19pm

Bart says...

Pinch me. Am I dreaming???

Shill · Aug 17, 2011 - 2:19pm

Funny this

Its amazing to me that no one is talking about the obvious here as of late. Look around folks if this is not a silent credit crunch I don't know what is.

Just an observation on my part, ok back to our regularly scheduled doom-a-thon :)

brad_pitts_betterlooking_brother · Aug 17, 2011 - 2:23pm


yes, yes. he is aware of some malfeasance somewhere. he will speak about silver again today (don't we all). if we don't hear something publicly by late september, well just be consoled by the fact that he might talk about silver again at some later date.


sh*t or get off the pot, bart. you and the whole cftc!

lostinspace · Aug 17, 2011 - 2:24pm

These aren't the raids you're

These aren't the raids you're looking for...

these aren't the droids you're looking for
exiledbear · Aug 17, 2011 - 2:26pm

Bull markets always go further than you can anticipate

Pick a number for gold, pick a number than makes you jump out of your chair to exclaim "That's Nuts!". That's the number gold is going to.

And we haven't even entered the bubble phase for gold. Bull markets always end in bubbles.

lakemike49 · Aug 17, 2011 - 2:27pm

margin increase

Just to put this out there optionshouse because of market volatility just increased margins on options to 100%

something strange going on in this market be careful out there

¤ · Aug 17, 2011 - 2:27pm

What if London can't deliver 99 tons of gold at once?

Can anyone imagine if England couldn't come up with 99 tons for delivery and Venezuela made a huge public issue out of it? And what that would do to the gold price in very short order?

That would be a huge matter and it might get a bit more complicated then it appears. Stay tuned.

DefiniteMaybe · Aug 17, 2011 - 2:30pm

Quitting My Job (Repost)

Sorry for reposting this, but I didn't realize Turd started a new thread when I composed this. cheeky Hopefully this will serve as an inspiration for others.

To those of you who have recently quit their job, or thinking about quitting, I can totally relate. You see, I recently quit my mostly stable guv'mint job a couple weeks ago. And as some one mentioned earlier, though I loved what I did, many a days I just went through the motions of being there. It was not fair to the taxpayers and it wasn't fair to me.

Considering that I have been working for someone ("the man") for 30 plus years, with the last 11 being at the job I just quit, it took eight months to come to that decision. I did A LOT of soul searching before I came to the conclusion that it's time to move on with my life. To finally walk into my bosses office and hand in my resignation. And as I fully expected, basically everyone at work thought I was crazy to give up my career. I was asked over and over, "is something wrong?" I would think to myself, "nothing is wrong with me, but something is definitely wrong with the direction we are headed."

A big part of quitting was seeing the writing on the wall for the six or so years and especially since the beginning of the year. The events over the last month (US debt situation, events in Eurozone, MENA, etc.) have only confirmed that we are headed for troubled waters. Not to mention, but I will, the current trend of attacking government workers and their "gold plated" pensions.

After quitting my job it felt like a huge burden has been lifted off my shoulders. Though I don't have a steady paycheck anymore (I derive my income from trading now) and I watch what I spend very closely, I feel much happier now. A sense of freedom that I haven't felt in a long time. I also think of this time as a new beginning with new possibilities. A time to go back to school and take classes in welding, machining, and business. Because in the end, I want to contribute more to humanity then shuffling paper around.

I'll leave you with one final note. I read a number of books during the process of deciding what I wanted to do with my life. I encourage all those who want more out of life to read the book titled, appropriately enough, Three Feet From Gold. It was very inspiring.

"People believe their doubts, but doubt their beliefs. Believe in yourself and the world will believe in you." - Olson, Three Feet From Gold

"Without taking risks their can be no progress." - DM


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