On The Edge

283
Wed, Oct 26, 2011 - 4:44pm

Maybe you've noticed the correlation. Every time The Pig sells off, the conversation here inevitably turns to bacon. I'm not sure why. Maybe it's just one of those subliminal deals.

At any rate, here's a current, graphic image of ole Pigatha Christie:

As you can see, The Pig rests rather precariously on the edge this evening. The area between 76 and 76.50 has alternated between support and resistance for several months. It is currently acting as support again. The next few days should tell the tale. The POSX will either rebound decisively or support will give way, leading to an initial decline to near 75. See below:

Of course, another Calvin "bounce" for The World's Reserve Currency matters little. Where you're headed tomorrow is of little importance when the long-term picture looks like this:

Gold and silver both turned in terrific performances today as they attempt to take out significant resistance and add to their hard-fought gains of late. Gold, by closing today above 1720, looks poised for a quick run to 1765 or so. Silver, if it can just get through 34, should quickly spring toward 37.

Lastly, another site update. No, I am not "trolling for dollars" as some like to claim. In fact, the site is currently on a reasonably sound footing. However, I have received numerous emails asking for:

a) A way to "donate" without using PayPal

b) A way to donate automatically/regularly, on a once-a-month basis

We have accomplished both by adding a revised "Feed The Turd" page. You can find it here:

https://www.tfmetalsreport.com/donate

Note that we've added the ability for generous benefactors to pay The Shimshock Group directly when choosing to help with site management and construction. Anyone that chooses this route can rest comfortably, knowing that their money is being applied directly to the site and not to The Turd's "credit" account at The Bellagio.

Thanks again for all your help in building and maintaining the site. Keep the faith. The rest of this week promises to be pretty interesting. TF

About the Author

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

  283 Comments

boil_in_the_bag_rice
Oct 26, 2011 - 4:46pm

Second!

Second!

dumpstergourmet
Oct 26, 2011 - 4:49pm

Calvin

oink

Lightning
Oct 26, 2011 - 4:50pm

What happened to the First?

What happened to the First?

GoldMania3000
Oct 26, 2011 - 4:51pm

Side Bar

Nice move by Barrick

The financial press is announcing that Barrick Gold raised its quarterly dividend today by 25% to $0.15/share.

Every time a miner does something like this, it makes it that much harder for the short sellers to go in and play. Posted by Trader Dan at 12:53 PM 2 comments
TheGoodDoctor
Oct 26, 2011 - 4:53pm

@Scott J OK I have been

@Scott J

OK I have been thinking about your posts for some time in the previous thread. I think I have a couple of ideas........

1. Alien invasion

2. Jesus returns

3. Flu pandemic

4. Global self actualization

5. Position limits announced

Of course I may have missed something.

PS Fifth! (I am merely requesting a fifth of booze here folks. Preferably bourbon, from Kentucky.)

Mal Reynolds
Oct 26, 2011 - 4:53pm

Feeding The Turd

People's pettiness never ceases to amaze me! If the Turd wished to use my donation as toilet paper, that is his right. IMHO the benefits he bestows upon me preclude my telling him what to do with my donation. In my business the biggest pain in the ass customers have been the ones I did something for for free, must be something in human nature that lets no good deed go unpunished. But I digress!

RedRover
Oct 26, 2011 - 4:56pm

What does it mean, if someone asks me if I want to trade lefts?

What does it mean, if someone asks me, if I want to trade lefts?

GoldMania3000
Oct 26, 2011 - 4:57pm

Silver year end prediction

$42.50 (+- 15%) :)

R man J
Oct 26, 2011 - 4:58pm

Due to Fed manipulation

...I would say it's "pulled pork". But in the long run, we know who will ultimately eat its lunch.

ClinkinKY
Oct 26, 2011 - 5:08pm

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