Bad Day To Quit Sniffing Glue

632
Thu, Sep 22, 2011 - 8:41am

It's also a bad day to be traveling, which I am. So I will be out and unavailable all day. I would heartily suggest you stop by the chatroom or "pailin's trading corner" in the forums if you're looking for ongoing discussion.

I can offer you a couple of pieces of advice here:

1) Gold and silver are still your only protection against the madness and chaos.

2) Remember, trading the PMs takes courage. To do it successfully, you have to curb your greed and your fear. The only consistently successful strategy is to sell some when everyone is buying and buy some when everyone is selling.

3) When buying physical, try doing it on a regular and scheduled basis. Sort of like the dollar-cost averaging your stockbroker used to talk about. That way, instead of always buying at the highs, you'll also catch a few lows.

The charts below are only a few minutes old but they are already obsolete. Crazy volatility will do that to you. Be patient. Don't make emotional decisions today. Let this all play out. Ask yourself: "Is QE over? If so, where will all the funding for the massive government deficits come from?"

Hang in there. More this evening. TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  632 Comments

Tabberto
Sep 22, 2011 - 8:45am

Chilton

Donde 'good cop' Chilton? Time for him to appear on tv and make some half-baked comments accompanied by the requisite hand-signals.....

Tripel_Play
Sep 22, 2011 - 8:45am

Safe travels!

Safe travels!

Looner
Sep 22, 2011 - 8:46am

What happens if...

silver breaks through $37?

TitanAe
Sep 22, 2011 - 8:47am

Oh brother

This is tough to watch!!

reefman
Sep 22, 2011 - 8:47am

Looner, it just did...

Looner, it just did...

WheelerSilver Looner
Sep 22, 2011 - 8:50am

If Silver breaks through 37..

Look out below. I'm hoping not but if my unbiased non silver working self is talking, yes look out below! We have major support at 33... ouch... but look at it like a SALE!!!

___________________

https://www.wheelersilver.com

~Handmade Quality Bullion~

illyasviel
Sep 22, 2011 - 8:52am

I really hope ~1740 will

I really hope ~1740 will hold,

xibalba
Sep 22, 2011 - 8:52am

That's the silver I know.

That's the silver I know. Physical demand, meet JPM papergods. I wonder if Apmex will drop the premiums on those dragons now....

Perfidious Albion
Sep 22, 2011 - 8:52am

Stand &

Stand & deliver.......................................

WheelerSilver
Sep 22, 2011 - 8:52am

Dry Powder

Sure am glad for DRY POWDER in a case like this. All of the posts regarding that recently were RIGHT, congrats you guys.

_______________________

https://www.wheelersilver.com

~Handmade Quality Bullion~

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Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
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8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
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7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
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Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
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7/24 9:45 ET flash Markit PMIs
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7/15 8:30 ET Empire State Fed Index
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7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

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