A Little Help?

Tue, Sep 13, 2011 - 4:53pm

I don't know about you but ole Turd had a good day. It looked a little dicey at 7:00 am but the PMs ended up with some stellar performance. Anyone willing to trust in The Turd this morning is already up quite a bit of fiat. That makes me smile. But today is in the books and all that matters now is tomorrow and the next day and the next day...Where do we go from here? Let's start with gold as the chart is quite compelling.

Take a look at this hourly chart:

There seems to be something quite important going on here. Working from left to right across the chart, note the angles of the trendlines. The declines got flatter and the ascents have gotten more steep. Now, granted, the sample size here is pretty small...two ups and two downs...but, nonetheless, this tells us something. The ferocity of the 36-hour decline early last week was met with an almost equally steep ascent Wednesday into Thursday. Note, then that the next decline lasted about two days and was "flatter" than last week's decline. Finally, note that the rally off of this morning's low is considerably more steep than last week. In fact, gold lost almost $100 in the 48 hours from Friday morning to this morning but it has already, in 12 hours, put about half of those losses back on. Lastly, note the almost perfect double-bottom near 1800.

Again, because of the smaller sample size (one week's worth of price action), it's hard to go overboard with excitement. What we can say, however, is that this chart shows us that, for now, the buying is gaining in intensity while the selling is waning. Combine that with the aforementioned double-bottom and it sure looks to me like gold is trending higher for the rest of this week. Your next target is $1860. After besting that level, we'll take aim at the highs from early last Friday, near $1890.

This silver chart is looking better, too, but not as friendly as gold. The area between 41.80 and 42 appears to have some technical significance so I would look for some resistance there. IF it can clear there, it will have clear sailing toward last week's highs near $43.

Part of the reason my enthusiasm for silver is somewhat tempered is the crude chart. Though it has rallied quite strongly for the past month, it's reaching a rather critical point. I currently have no positions in crude. If I did, I think I'd be looking to lighten some here. $91-92 is going to be some pretty tough sledding and, if it rolls over, it could easily drop back down into the lower 80s. I think it will find incredibly strong support there, though, so I'd be looking to re-establish a position if/when it gets there.

OK, now here's the part where I come to you with my hat in hand. Frankly, the site is struggling a bit financially. Our current adsense revenue is barely enough to pay the bills (servers, tech support, site improvements etc.). I am working on ways to enhance our profitability but, in the meantime, I feel I must ask for a little help. Not much. Heck, if everyone who visited this site on a daily basis donated an actual .02 instead of just their rhetorical two cents, we'd be floating in cash. All I ask tonight is that if you have found value in this site and if this site has helped you financially and/or educationally, please consider "feeding the turd".

One of the ways I hope to drive more revenue to the site is through this new podcast feature. Please understand that I am doing this for you, not me. Remember, I am just the facilitator. You have made this site popular. You are the reason I am able to communicate with people who, as recently as one year ago, would never, ever in a million years have returned my calls. My hope is to give you access to these people through the podcasts. I figure that if I want to talk to them, then you'd probably like to talk to them, too. Any question I ask is probably something you'd like to have answered.

To that end, I've already lined up a pretty impressive list of future interviews. My hope is to record and release them on a bi-weekly basis. We're going to be building a dedicated "podcast" page for the site. We will even be developing a smartphone app that all Turdites can download for easy access to the information. This, too, will cost a few bucks, so, as mentioned above, any "assistance" you can provide will be much appreciated.

Thank you all again for affording me this amazing opportunity. I often describe myself these days as "Jimmy Stewart". If you recall, Mr. Stewart often played the role of the "ordinary man caught up in the extraordinary situation." This pretty well describes my reality at this point. My hope is that, when the movie is made, I get to star as myself. I'm kind of hoping that Rachel McAdams or Jessica Alba will play the role of Mrs. Ferguson. We'll have to see on that one. I doubt that the real Mrs. Ferguson would be too excited about that. __spamspan_img_placeholder__

Anyway, have a great evening. Watch the Asian Globex closely and wait for the regular 3:00 am LBMA beatdown. If tomorrow we open the Comex above 1850, we could end up having a pretty fun day! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 13, 2011 - 7:13pm

Hope this is a moneybomb for you TF

Glad to feed the Turd again- you ask and we (hopefully) deliver.

As usual, it just didn't seem right to feed you with FRN's, though... I know I'm not the only Turdite who would get fired up if you added a P.O. Box so we could shoot you a little physical as a tip now and then.

Blight Master
Sep 13, 2011 - 7:14pm

Question on podcasts...

After hearing your first podcast I clicked through the link and bought the book from Amazon. I've been wondering if you get revenue from this purchase as it would serve you well in a few ways. Would help getting future interviews as well as putting a few cents in your pocket. I would've bought the book anyways as I'm always looking for a good read and was very intrigued by the interview but it would be nice to know that buying the book would help you both monetarily, and with access to more people to interview.

Will feed the turd regardless as you've made me some good fiat that I turned into good coin. I also know that the 16.99 shared server special from godaddy doesnt cut it on a site with this volume.

Sep 13, 2011 - 7:17pm


Not so much in the way of profit (yet) but oh so much in the way of information, education, and community!

Thanks Turd for................everything that's here.


Sep 13, 2011 - 7:17pm

Feed a man a fish...


Maybe an email newsletter can be employed as a money machine. Some SMALL businesses can make as much as a few hundred to a thousand dollars per mailing as a banner ad in the email or as a sponsor of the email.

The key is to sell the ad space yourself or have an associate sell it for you.

EVEN THE ADS ON YOUR SITE !!! You will make CONSIDERABLY more.... The rub is the management. But its worth it. I'm in the ad industry. I've seen the invoices..

Farm out ad sales. Commission only. Put a link up top ADVERTISE on TF... then provide a rate/fee schedule.

And THANK YOU, SIR !! Turd Fed.


Green Lantern
Sep 13, 2011 - 7:18pm

I don't know much about

I don't know much about servers but I know when I see a hard working, honest individual giving service to others. Thanks Turd. I hope my modest contribution is useful. I still have alot to learn so let's not slow down.

Sep 13, 2011 - 7:18pm


I have never contributed to a blog other than this one either but am more than happy to give. I receive far more than I have to offer. It is simply my pleasure.

Thanks again TF and yes, thank you to Stephanie and admin, and the moderators. Everyone handles his or her role with grace and patience!

Sep 13, 2011 - 7:18pm

@Blight Master - Amazon revenue and more

In response to your question, yes, Turd gets a small percentage of anything you buy through the Amazon links on the podcast. The first day I think he made like $12. :-) But we're looking into other sources of extra revenue, including maybe an Amazon store, Turd t-shirts and if you guys are interested, perhaps a "school" for PM and investing info. Let us know what stuff you might like available. Thanks!

Sep 13, 2011 - 7:21pm


It's called delta. Checking my trading site I see that Oct $37.00 have a delta of .94. roughly speaking, delta is how much the option will increase/decrease in value when the underlying (slv) goes up or down a buck. In other words, slv goes up a buck, Oct $37.00 calls go up 94 cents or thereabouts. Oct $43.00 delta is .32, it's out of the money about three bucks, should go up about 32 cents on the dollar. One nice thing about options, if the underlying price moves the right way, the delta on the option will increase, if it moves the wrong way, delta will decrease. At least you'll will be losing money at a slower rate, small consolation I know but better than being short or long shares. The delta on a share of stock/etf is always 1.00.

Sep 13, 2011 - 7:21pm

Don't get me wrong, I respect

Don't get me wrong, I respect anyone who donates to any good cause.

But it's so funny, guys here are always talking about being up 10k$ or a few hundred %, and then the donations are 10, 20$. So what, you not rich anymore? :)

Sep 13, 2011 - 7:28pm

Coming soon! Podcast app!

Oh by the way, we will soon have an app for the Turd podcast. We're running the podcast through Libsyn, and we'll need 3 episodes up before we can submit the app to the Android Market (there will also be one for the iPhone/iPad), but we hope to have the app ready to go as soon as we get that third podcast up!

There will be a small fee on the cost of the app (required by Libsyn) with a portion of app sales going to TF Metals. So watch for that announcement in the coming weeks. :-)

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