Let's Give Away Some Hats!
Today marks the 3-month anniversary of the new site! Seems longer than that doesn't it? The one-year anniversary for all of Turdville is 11/11/11. (Hmmmm. Why does that date sound so attractive? Mister Hyde knows.) Anyway, I thought we'd celebrate with a series of contests today. Each contest will end and the winner will be determined when I open a new thread with the next Turd Trivia question.
First, let's do some business. The metals had me quite optimistic when I retired for the evening. Alas, they could not hold their strength through the criminal LBMA session, so we begin the day at about the same spot we ended yesterday. Hey, I guess in the grand scheme of things, that ain't too bad.
Gold is slowly getting compressed by the main short-term trendline on the hourly chart below. Given that the line is descending at about $10/day and given that gold has very strong support between 1800 and 1820, I'm still expecting resolution and a strong rally by the end of the week or early next week. Silver needs to be watched very closely here. It's resting perilously close to the 3-month trendline from the 8-hour charts and, as I mentioned yesterday, I'm a little nervous about the short-term direction of crude. Put it all together and it means "be careful". Hopefully, silver will continue to ride the main trend higher and, eventually, skip away for some breathing room. However, if it substantially breaks down through the trendline, watch out. It could pull back as far as $38 before buying steps in. Again, all I'm saying is watch this closely and be careful.
OK, onto question #1. It's a two-part question and you have to get both sides answered correctly to win.
1) There are 196 countries in the world. Within 3, from how many has TFMR been accessed in the first 90 days?
2) Name 3 countries that have not yet been Turdified.
Again, this contest closes and another one opens when I start a new thread in a couple of hours.
Lastly, I would be remiss if I didn't thank again all of those who have so generously "fed the turd" over the past 16 hours. The outpouring of support has been overwhelming but I am diligently getting caught up with the "thank you" responses. The filling of the coffers will allow us to improve the site yet again in the coming days and weeks. I'll keep you posted.
Have a great morning and good luck! TF