Just a short update this morning as The Turd has a big weekend planned and it all gets underway in a couple of hours.

First of all, your charts. We seem to have survived the quick, 48-hour selloff/correction/setback...whatever you want to call it. Though I had hoped gold would hold 1750, it did find support between 1740 and 1750 and, with the benefit of hindsight, you can clearly see that support should have come in there. As to where we go from here, we finished last week at 1756 so anything above there would be terrific. From the looks of the charts this morning, I imagine we'll finish the day somewhere around 1775 or 1780. 


Silver held in quite well this week and simply needs a close above $34.08 to close the books with another UP week. Always remember, "what had been resistance becomes support and vice versa". $33 is a magic level for silver. After the September correction, it took silver 5 weeks to crawl back above that level. It has now used 33 as support for the two weeks since. Look for this to continue. In fact, support for silver is from 33 down to 32 so only a dip and close below 32 would signal a trend change and cause me to rethink my $39-41 target.


You might enjoy this next item. Back on Tuesday, I had the honor of being a guest for one of Chris Martenson's podcasts. I was a little worried about how it would turn out as I has strained my back on Sunday and I was into the muscle relaxers pretty good. I'm happy to report that it seems to have come off OK. I hope you agree.

Lastly, 93 years ago today, "the war to end all wars" finally came to an end. In America, we take time on 11/11 each year to pause and reflect on the selfless bravery and heroism displayed by those who fought and died in our country's wars. This day is NOT about politics and it is NOT about the uselessness and waste of war. It IS about remembering those who gave their lives, either voluntarily or by conscript. As you go through this day, please be mindful of their sacrifice and be thankful that you have not been asked to do the same.

TF out.


ScottJ's picture

Thanks Turd

Well Said Turd!

Lastly, 93 years ago today, "the war to end all wars" finally came to an end. In America, we take time on 11/11 each year to pause and reflect on the selfless bravery and heroism displayed by those who fought and died in our country's wars. This day is NOT about politics and it is NOT about the uselessness and waste of war. It IS about remembering those who gave their lives, either voluntarily or by conscript. As you go through this day, please be mindful of their sacrifice and be thankful that you have not been asked to do the same.

OC15's picture

Any disaster

that happens today is a false flag.  Though I think they'll skip doing anything today.  Entirely too many people are onto the 11/11/11 thing

Dr G's picture

Turd, thanks for the charts,

Turd, thanks for the charts, the podcasts and all you do.

And a big thanks to all those (including my father) who have served our country. I won't forget your sacrifices. H/T to you all!

TPaine's picture

Thank you, Veterans

Mudsharkbytes's picture

Fourth or maybe fifth

Since my "First" was moderator removed.

Fishdog's picture

Today will be totally

Today will be totally benign.

Next week the proverbial SHTF.

Charles S. Hamlin's picture

Re-posted from previous thread for your Friday humor...

Employee Notice

Due to the current financial situation caused by the slowdown in the economy, Congress has decided to implement a scheme to put workers of 50 years of age and above on early, mandatory retirement, thus creating jobs and reducing unemployment.

This scheme will be known as RAPE (Retire Aged People Early).
Persons selected to be RAPED can apply to Congress to be considered for the SHAFT program (Special Help After Forced Termination).
Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (System Covering Retired-Early Workers).
A person may be RAPED once, SHAFTED twice and SCREWED as many times as Congress deems appropriate.
Persons who have been RAPED could get AIDS (Additional Income for Dependents & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance).
Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by Congress.
Persons who are not RAPED and are staying on will receive as much SHIT (Special High Intensity Training) as possible. Congress has always prided themselves on the amount of SHIT they give our citizens.
Should you feel that you do not receive enough SHIT, please bring this to the attention of your Congressman, who has been trained to give you all the SHIT you can handle.
The Committee for Economic Value of Individual Lives (E.V.I.L.)
PS - Due to recent budget cuts and the rising cost of electricity, gas and oil, as well as current market conditions, the Light at the End of the Tunnel has been turned off.

Boardwalk's picture

Ted Butler

Calls the situation with MFG "an unmitigated disaster".


¤'s picture

Thanks Big T / TFMR Anniversary?

As usual, I appreciate your efforts and sincere intensity about whatever it is you feel is important enough to share with us everyday.

I thought today was the 1 year anniversary of the TFMR Empire?

Maybe I'm wrong and look silly for posting this, but I don't care.  

Barney says quite wrongly.." keep it quiet..."      Sorry Barney.......

Iceberg's picture

CNBC Stocks to Watch....and the Illuminati??

I don't know if anyone else caught this on CNBC about 1/2 hour ago but the "Stocks to Watch" logo had a pyramid with the all seeing eye of horus in it. Spooky.

I have never noticed this before....but some have seen it on "special" days. Is it a sign, maybe a signal?

Anyone noticed this or have any comments on what it could mean??

Perfidious Albion's picture

Peace to all

Peace to all 

remember who those who chose were really dying for. 

Turd Ferguson's picture

Oh shit!


I completely forgot!

I'll do some math and have some numbers later.

Thanks everyone for an amazing year!!!!!!!!!

ScottJ's picture

Thanks Turd!!!

It has come a long way since "1600 gold by 10/31/2010 or I will shut down my website"

I am glad you did not keep your promise!
Thanks for all of the time you have invested and compassion for others that you share.  I am grateful for everything that you have done.  You sir are a person of integrity.  Your family is lucky to have such a great father!

Be sure to go outside and enjoy yourself this weekend!


Scott J

Boardwalk's picture

Avery Goodman

¤'s picture

Yep...I thought so....

...but I didn't.

Thanks dude, for everything!

And hey...what about those metals and crude right now? 

If the marketplace makes it mostly intact after this debt/liquidity chaos abates, then it's off to the $2000/$50 races in the PM's and $100 in crude happens way before then. Today?

RedRover's picture

thank you

Thank you for a great year, Turd. It's been a great pleasure to be here.

cwavec's picture

Jesse's Cafe Reports

With regard to MFG, segregated funds, etc., Jesse's Cafe Americain reports yesterday

as follows:

"It's Official: Wall Street Firms May Legally Steal From Their Customers - Rationalizations to Follow"

It's actually a commentary on a report by Robert Lenzner at Forbes and there are other items to boot.


jessescrossroadscafe.blogspot.com for this and more.

Today's item begins:

"MF Global Update - Why the Puzzling Delay and Lack of Disclosure?"

and you can scroll down for "It's Official" and more, including Bart Chilton's comment as

of yesterday.

Go have fun.

Drifter's picture

Oh hell yes

"This day is NOT about politics and it is NOT about the uselessness and waste of war. It IS about remembering those who gave their lives, either voluntarily or by conscript. As you go through this day, please be mindful of their sacrifice and be thankful that you have not been asked to do the same."

it makes me cringe when I realise that that beach scene that opened Saving Private Ryan not only happened, but was far worse then portrayed

ClinkinKY's picture


Thank you to any and all veterans for your service.

Virabhadra's picture


I mean besides being printed out the electronic sphincter, what is going on with the dollar? These fluctuations are such a joke. Dollar bad/good/bad/good...repeat many times everyday, day after day. Same with the Euro, and then there's the SDR. Can we just please quit all the shenanigans and get back to gold. For the love of god, this is just tiresome.

Ferd Torgerson's picture

Happy Anniversary, Turd

Have been following your site since February.  I believe I stumbled across a Wynter Benton post somewhere when I first got interested in gold/silver.  There was a link to your site which I clicked on and the rest is history.  BTW, haven't followed WB since that day except to click on links provided here occasionally.

I can truly say that finding your site and the many citizens of Turd Town has been one of the single biggest life changing events of my life.  I've learned immensely from reading your posts and the comments provided by other posters.  The links to the many articles found here each day provide hours of thought-provoking opinions and observations if one takes the time to read them.

Not only has the site changed my life, but, through me, will influence those of my family and friends with whom I often share the wisdom found here either through email or direct discussion.

You deserve all the accolades found here this morning.

Hope we are all here to enjoy your post on 11/11/2021.

Bay of Pigs's picture

Thanks TF

Well done. Been a solid first year for you. Congrats...and best wishes. 

London PM fix 11/11/10 $1398.50

London PM fix 11/11/11  $1773

Silver 11/11/10 $27.75

Silver 11/11/11 $34.53

Eric Original's picture

Happy times in my miners account today

Anytime your biggest holding (AUQ) is up almost 5%, that's a good day!  TGIF friends!

Hey great thread yesterday too.  Didn't have anything to add, but I handed out a huge boatload of hat tips.

Turd Ferguson's picture

Scott, you're killin me!


It was $1600 by 6/10/11 and I missed by a measly $23. wink


Response to: Thanks Turd!!!
Swift Boat Vet's picture

The Fifty

This is for the 50 sailors from Squadron 1 who are still on patrol.


MonkeySmoke's picture

moving toward independence...

Posted towards the end of the last post and really wanted this to be heard. I hope you get something from it.

I spite of my wife thinking I am a "fear monger", "paranoid" "end of the world" "tin-foil hat club member", I still love her very deeply and do not want to traverse this world without her at my side. Having said all that, I have been gathering prep items, food, water, water filter, weapons, ammo and the like. Next week I meet with a contractor to discuss solar for the house along with securing the house. We have already been in conversation with a couple of our neighbors and I have spoken with my parents regarding the continuing degradation of our society. I do not think the world is going to end---no profit for the criminals. Plenty of profit from long-term theft, manipulation and dumbing-down of society. Once the cliff is reached and the free-fall begins in earnest, the goal is to be as prepared as possible, in spite of my wife thinking I am somehow "crazy". The article at Theburningplatform is truly a great piece. Turd, when I was reading this article I was thinking, not only of my wife, but the fine community that has been developed here in Turdville. This article shows, IMO, the depth and breadth in which our society has degraded, thus far. PM's stacked, check; ammo, check; weapons, check; food, water, water filter, check; becoming more self sufficient, on the table and coming to fruition. Becoming less dependent upon outside income is also part of the overall plans that are coming to fruition as well. We should all be looking inward and thinking outward as to how to get out of this nightmare that our society has become. As Chris Duane, at Don't-Tread-on-Me [dot] com has stated--move away from trying to convert people and begin on working on the next phase; the aftermath. Where do you want to be when the music stops? How will you and your family be able to live comfortably and with the least amount of intrusion? What kind of community do you wish to live in? Who will be your neighbor? How will you generate an income? These are much greater issues, at this time, than trying to awaken a Kardashin loving, Dancing with the American Idiols or Desperately Seeking attention Facebook fans.  I no longer have time or energy to waste, time is very precious, at this point, and should be utilized to maximize our abilities and put in place our next steps. Having the "stuff" is important, however, as Chris points out, what about the rest? What do we do in order to rebuild, recreate our society? These are much larger, IMO, than weather I have 500 or 5000 ounces of silver. That is why the remainder of my fiat will pointed away from stacking and pointed towards the next level.

cpnscarlet's picture

Thank you TF

For a great website and community. Sorry about the headaches it brings but as we always say in my house - "You knew the job was dangerous when you took it, Fred."

And to all the "illuminati/banker war" folks - This vet doesn't dismiss you totally, but how about today you honor the people, and give the conspiracies a day off. OK?

Turd Ferguson's picture

Total TF pageviews


old site (11/11/10 - 6/14/11) = 8,210,164

new site (6/15/11 - today) = 10,586,176

TOTAL: 18,796,176


​Again, thank you all for an amazing year.

RedRover's picture

That's an average of 51,496.37 page views/day since inception.

That's an average of 51,496.37 page views/day since inception. Wow! way to go!

Eric Original's picture

Frankly, I think the "Turd's

Frankly, I think the "Turd's Bottom" call in January was the greatest ever.  TF, your reputation is set for life on that one alone!

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