Let's Give Away Some Hats!

Wed, Sep 14, 2011 - 9:24am

 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

About the Author

turd [at] tfmetalsreport [dot] com ()


DeltaCharlie · Sep 14, 2011 - 9:26am

Yes, pls


madgstrader · Sep 14, 2011 - 9:28am
MisesFan · Sep 14, 2011 - 9:31am

1) 98 2) Iran, Somalia, North

1) 98

2) Iran, Somalia, North Korea (those damn CIA-created terrorists)

Congrats on Q1!!!

Two Gun Tobin · Sep 14, 2011 - 9:34am

Two Gun Wants another Hat

My guess is 1)60 countries 2) Algeria, Chad, Somalia

speconomist · Sep 14, 2011 - 9:34am

New contest? Nice!

1) 144 countries.

2) Liberia, Burundi and Eritrea.


Also, there's a new blogpost in KWN, Jim Rickards saying the Monetary system will go Gold soon.

vaga222 · Sep 14, 2011 - 9:36am

Big Yellow Head Warmer

a) 120

b) Somalia, Laos, Serbia

33 and a turd · Sep 14, 2011 - 9:37am

119 countries Burkena Faso,

119 countries

Burkena Faso, North Korea and Vietnam

ericplatham · Sep 14, 2011 - 9:39am

Good Luck to Everyone

A) 105


DeltaCharlie · Sep 14, 2011 - 9:42am

Turd Quiz, Love it.

a) 64 countries

b) Iran, North Korea, Libya 

b15h09 · Sep 14, 2011 - 9:43am

1) 69 countries 2) Somalia,

1) 69 countries

2) Somalia, Cambodia, North Korea

Thanks for the site, Turd and Turdites! Don't post much, but I try to read daily, and I learn a lot. Much appreciated.

WYO Silver · Sep 14, 2011 - 9:44am

Winning Contest Answers

1) 103

2) Eritrea, Guinea, North Korea 

ScottJ · Sep 14, 2011 - 9:45am

185 out of 196 countries

185 out of 196 countries visited within the first 90 days....

Three countries that don't check out the Turdville:

Have no clue.... went to google "smallest countries," but yikes! Definitely going to be countries that many of us probably have never heard of.... so I won't humor myself :)

Colonel Angus · Sep 14, 2011 - 9:45am


a) 88 countries.

b) Azerbaijan, Myanmar, Tajikistan

ericplatham · Sep 14, 2011 - 9:45am

The powers that be are still playing the bottom line

Okay, so the lines can be off a tad (sorry, working off a laptop today), but it is pretty clear (to me) that the bottom line needs to be defended.

StevenBHorse · Sep 14, 2011 - 9:46am



North Korea, Djbouti, Myanmar

maple · Sep 14, 2011 - 9:46am


a) 111 countries

b) san marino, andorra, monaco

aha69 · Sep 14, 2011 - 9:46am

The New Bankster ‘Weapon’ Against Gold/Silver

An interesting article about perhaps the new bankster's means of attack!

In any long-term bull market, we would normally expect to observe several phases. Put another way, in any long-term trend (in this case higher) we would not expect to see this entire period dominated by a single trading pattern.

In “free and open markets”, the simple dynamics of supply and demand will almost always change trading patterns as the years go by – and rising prices re-shape a market. Even in our own, heavily-manipulated markets we would expect that the combination of rising prices and time would serve to create new patterns and dynamics.

This is certainly true with precious metals markets. The gold market in particular has exhibited three, distinct phases since its massive, bull market began a decade earlier. The 10-year chart below provides us with an illustration of these phases (and patterns).




Tom L · Sep 14, 2011 - 9:47am

HUI hourly Chart

for this morning's open. Looks like a lot of congestion in the 609-615 area.



scone · Sep 14, 2011 - 9:47am


1) 180

2) Tuvalu, Vatican City, Nauru

Outfitter · Sep 14, 2011 - 9:52am



Antarctica, North Korea, Iran

Yooper Rick · Sep 14, 2011 - 9:52am
stoneeh · Sep 14, 2011 - 9:52am

Ah, so nothing happened on

Ah, so nothing happened on the 10 year anniversary of 9/11, and also not on 11/11/11? The nutters were proven wrong once again.

· Sep 14, 2011 - 9:52am

Hat me, dude.

1. 157

2. Surinam, Gabon, Guinea-Bissau

O' Lord, I humbly beseech thee for thy blessings upon my quest for the fabled yellow hat, ask you to smite my competition for they are ugly in your eyes, and ask thy favor upon my guesses. Amen.

stoneeh · Sep 14, 2011 - 9:54am

Okay we have broken the line

Okay we have broken the line on silver. From a chart analysis standpoint, shouldn't we be on our way to 39 or something now?

PM Stackin' Fool · Sep 14, 2011 - 9:55am

Hat Time!

1. 143

2. Cambodia, Chad, Somalia

ferretflat · Sep 14, 2011 - 9:55am

my guess

128 countries. North Korea, Somalia, Myanmar

D_FIBRILATOR · Sep 14, 2011 - 9:56am


A) 165

B) South Sudan, Togo, Tonga

Juan Moment · Sep 14, 2011 - 9:56am

Could it be

74 countries, not including Swaziland, Belize and Suriname?

BASEBALL 13 · Sep 14, 2011 - 9:57am


So is the first contest over?...

If not, my guess is 160 countries and the non-Turdified countries of Tuvalu, Vatican City and Nauru. (Yes, Vatican City is considered an independent country!)

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

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