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 $0.02 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.

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 ()


H - original
Sep 14, 2011 - 1:16am

on Turd gear...

How about a new Yellow Hat contest. Best design for t-shirt, bumper sticker, whatever as voted for by the community wins a big yellow hat?

Just a thought... I've seen some very creative folks here post stuff - especially on the weekends (my favorite viewing time) when the animals are running the zoo!

Here is my bumper sticker entry:


Sep 14, 2011 - 1:39am

$Turds for the cause

Learning a lot from this site. Echoing the thoughts today of Hang 10 Hawaii, Bobbe jaan, and Loner. We're with the Turd and are willing to contribute. If you get extra...QUICKLY....... change it to PM. You know that.

Silver bear of very little brain
Sep 14, 2011 - 2:06am

A modest sum sent, thank you

A modest sum sent, thank you for your advice which one day I will follow and fare rather better than on my own timing. Perhaps a bigger donate button and better located might help; I actually had to look for the donate button and being a lazy bugger.................

Sep 14, 2011 - 2:26am

Turd Fed

All your great work is much appreciated....

Jan Roos
Sep 14, 2011 - 2:45am

If this was my site

Turd, your knowledge of charts, trading, options etc. Is unbelievably valuable and you should charge for it somehow. Couple suggestions. I make a very good living this way with my own network of sites, info products, membership sites etc. If this site was mine I'd immediately turn this into a membership site for at least $19.99 pm. I would add lots of extra content on a weekly basis in the form of training material such as how to read the different chart formations, how spreads work etc. I know Jack shit about this stuff but I am sure you have so much knowledge in your brain on this topic that it will be Childs play for you to provide the content. Now, your info is already worth so much to people and if you mix in the training modules ppl will be crazy not to join the membership. It should be easy to get 1 k signups pretty fast for a nice monthly earnings of 20k. Ifypu do not want to charge for the main content keep it as is but create a product with your training in it and sell it for a once of payment of $67 or $97. Anyone that's serious about learning how to trade would be nuts not to buy it. I would launch that product big all over the net and pay 50% commission for referrals. Hit up other traders and have them promote your training product on their sites for50% commision. Win win for everyone. Do you think a newbie or even a more advanced trader would want to spend years figuring all these things out for themselves or pay you $97 to get all the info in a nice package? Also, this site does not get as much traffic as you guys think and definitely not even close to a million hits a month. My tools show about 16k visitors a month and it's mostly return visitors. 16k is actually a decent amount of traffic as the pm niche just isn't that big. Even huge health and weightless sites doesn't even come close to 1 million hits a month. I host 44 sites on my reseller account for $35 a month and if this is your only site it can be hosted for $9.99 a month easily. As I said I do all of the above for a living and spend my profits on pm's. I dig this site and read it every day so would not mind helping you out with this marketing and hosting stuff if you so wish. Just send me an email as I can probably come up with more ideas as well. Cheers, Jan Ps. Sorry for typos as typing on the iPad is tough

RaRaRasputin Jan Roos
Sep 14, 2011 - 2:49am


As the US & Asian turdathon winds down - so the European/UK leg winds ups - welcome to the global world of Turd who I've just fed with thanks.

If you started a school I'd be there like flies on 'um' a turd wearing my turd tee


Sep 14, 2011 - 3:31am

@Jan Roos, I appreciate the

@Jan Roos,

I appreciate the business side of what you say but if what is going to happen actually happens regarding the tough days, months and years ahead, your proposal would be tearing the heart out of the point of this site, which is to help people from all walks of life and regardless of financial ability understand better what is happening and to help them prepare. If the people here are happy and willing to volunteer donations when they are needed (in tandem with other projects that are ongoing I believe), then I find that to be true to the original idea and drive of the site from its blogspot days. However, as a fundamental business proposal, your proposal is fine. I am just questioning whether that is really what this site is about in terms of access and spirit.

Now then, I am only speaking for myself here and in no way am I speaking for Turd or anyone else.

Sep 14, 2011 - 3:42am



Type into Google FUBM and top of the list is the Urban Dictionary with the definition and reference to our very own

Turd F


Perfidious Albion
Sep 14, 2011 - 4:09am

Straight back to 1822 for the

Straight back to 1822 for the open here in Blighty.. Rinse & repeat. Sure but when.


Captain Hank Murphy onealpha
Sep 14, 2011 - 4:11am


Thanks for that link, OneAlpha. Schiff makes several great points about the state of our economy, which most of us are at least generally aware of, as well as does a good job of pointing out problems with Obama's Jobs proposal. 2 hours well spent.

Sep 14, 2011 - 4:14am

Dawg Food...

..on it's way to The Turd.

Not much as I'd like but I trade small, still in the kindergarten figuring this stuff out, watching you experts, as I sit there in the corner playing with the tin toys making grunting noises...

Sep 14, 2011 - 4:24am

2012 1 oz proof gold lunar for $3014?

Hi Turdle I just squizzed at the 2012 gold lunar 1 oz proof coin on bullionbourse.com and it is selling for $3014 including $274 gst? Why does this have GST and seems really pricey? is this right?

RaRaRasputin SilverDog
Sep 14, 2011 - 4:33am
Baaad Kittaaay
Sep 14, 2011 - 4:34am

Feeeeeeed meeeeeeeeee

Fed Thanks Turd

Sep 14, 2011 - 4:50am


I'm a turdlurk with tee-shirt screening/printing machinery. Just sayin'.

Sep 14, 2011 - 4:52am

Can't feed the Turd. PayPal SUCKS!

Hi Turd I would love to support your invaluable blog, but I discontinued PayPal out of protest for their immoral,illegal and disgusting seizure of WikiLeaks paypal deposits. I cancelled my credit cards too- which has been a monumental pain in the ass, but they all kow towed to the US administration in denying WikiLeaks Any due process. So it makes it tough for me to donate. if you travel to Australia, some Ag ounces are yours.

Revolucion donnojackshit
Sep 14, 2011 - 5:07am

2012 1 oz proof gold lunar for $3014?

@ donnojackshit

From what I learned this week, the proof is in the box and worth a lot more when purchasing. Apparently the QC is better so the coin is of a better quality. There are only 3,000 of these so will be worth something as a collector's piece, but to a dealer in future only worth the metal value.

Sep 14, 2011 - 5:11am

Another Lurker Fed the Turd...

Any thoughts on what's going on with SVM? Fortunately don't own it, but curious nonetheless...

bert3798 Tesla
Sep 14, 2011 - 5:15am
Sep 14, 2011 - 5:37am
Sep 14, 2011 - 5:53am

(No subject)

Video unavailable

Sep 14, 2011 - 6:03am

Jan Roos wrote: My tools show

Jan Roos wrote:

My tools show about 16k visitors a month and it's mostly return visitors.

You might want to look into getting some new tools, because they are wrong.

Sep 14, 2011 - 6:14am

China's blackmail of EU may

China's blackmail of EU may do the trick
Video unavailable
Sep 14, 2011 - 6:56am



reading this you see how some hack economist is schooling Leather-Face Lagaarde in how to handle the Euro crisis and is writing her speeches right out of Washington.

In other words they are back dooring QEIII thru David Lipton the stooge doing the work via their very own Manchurian Candidate, Leather-Face Lagaarde.

Just as Jim Rickards had predicted. Now Tim 'Eddie Haskel' Geithner is all over Europe frantically telling them to money print. He's in Marsailles, today he is in Poland and its not for the sausage or for the opportunity to spend an evening with the Leather-Face. These guys want the Euro-Trash onboard. They control the IMF via the FED's money and they are pulling the strings right now.

Sep 14, 2011 - 7:06am


Like Obama, Lagaarde is completely untrained in world finance or economics.

This makes her weak and easily blackmailed should she stray which she will not.

She was installed after they set up DSK and that was done with great fanfare.

This telegraphed to me that Washington and NYC wanted complete control of the IMF so they could institute massive money printing on a continent that historically has experience hyperinflation several times and is very adverse to money printing because of it.

They couldn't install a Greenspan,Wolfowitz or Kissinger since these are all obvious old wolves with zero cred. So what do they do? Find someone who is not assailable, a blank slate, an ass-licking lawyer who has been climbing up the ladder since her days in Chicago. Give her lots of free passes to the tanning booth, a new wardrobe and plenty of photo ops. Roll her out even though she is a mere figurehead just as Obottom is.

Sep 14, 2011 - 7:22am

Clive Maund unwinds after day of technical analysis

Trashman Bird is the word Live 1963 год
Sep 14, 2011 - 7:25am

Morning Turd Town, Coming up

Morning Turd Town, Coming up PPI this should be our direction for the day.

Sep 14, 2011 - 7:36am

Not very gracious

"You might want to look into getting some new tools, because they are wrong." - anon admin

Being a marketing guy myself, I thought Jan Roos' comments were sincere and attempting to be helpful. Frankly, I thought the admin response above was a bit rude and snarky.

Perhaps you might have said something like, "thanks for the advice but we have it under control". Or, add a blanket statement to the blog, such as, "while we appreciate suggestions and advice on how we do things here, whether content, design, network, infrastructure, hosting, widgets, fundraising, subscription models and so on... please forward your good ideas to the admin suggestion box".

Might also be a good idea for those giving advice to begin with very brief credentials or link to their own website or their portfolio.

Don't get me wrong please... this site is my favorite for metals and the admin normally does a great job, but there is no need to get huffy just because someone out there might have an idea that hasn't been considered (even if it's not an original idea or one that you think is needed).

Hey, just callin' it like I see it... that's all.

Sep 14, 2011 - 7:42am

Just Fed The Turd

TF.... hope this helps.. Long live the Turd! :))

Sep 14, 2011 - 7:44am

the admin

"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men."

~ John Emerich Edward Dalberg Acton


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