1705 Holds Again

179
Tue, Dec 6, 2011 - 3:35pm

After a long day of boxing and shipping hats, I'm glad to finally sit down and bang out an update. Lots to talk about but not very much time. Let's get to it.

First and foremost, don't ya just love support that holds and holds and holds? $1705 gold is just that. The significance of that level goes all the way back to September. Here are some of the charts we've used in the time since:

And now here's today. Gold once again held 1705 as support and looks to go challenge 1740.

I found it interesting that, this time around, silver didn't challenge $31 at the same time. I printed off a chart and look what I found. It's not much but it's something:

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

Speaking of headlines, here are just a few from today:

https://www.telegraph.co.uk/news/worldnews/middleeast/iran/8936797/Irans-Revolutionary-Guards-prepare-for-war.html

https://www.debka.com/article/21545/

https://news.yahoo.com/chinas-hu-urges-navy-prepare-combat-160509787.html

https://www.washingtontimes.com/news/2011/dec/5/north-korea-making-missile-able-to-hit-us/

https://www.washingtonpost.com/blogs/blogpost/post/russian-army-troops-move-into-moscow-after-election-protests-video/2011/12/06/gIQAexPBZO_blog.html

Next, have you noticed that the TurdMart is now open for business and just in time for all of your holiday gift-giving needs?! Seriously, though, I hope you like it. It's not a finished product but there are at least a couple of items there you might enjoy. The site only makes a 10% comp on each purchase so it's never going to be a big moneymaker. It's mainly there just for fun.

https://www.tfmetalsreport.com/store

One last thing. By now, many of you have noticed the biblical "address" at the bottom of each page. I'm not trying to make a religious statement with it. It's simply something that has helped me through some challenging times in my life. Well I ran into a new one today and it seemed to fit perfectly with what we have created here. I won't quote it in this post because I think it would be more fun for you to discover it yourself. When you have a moment, look up Proverbs 11:14 and let me know if you think the wisdom of the verse is worth including on the homepage somewhere.

Have a great day. I look forward to getting your feedback in the comments section. TF

About the Author

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

  179 Comments

GoldMania3000
Dec 6, 2011 - 3:39pm

also..

looks like the EU/ECB, et al are on the verge of a printing deal...could be powerful

roadtoruin
Dec 6, 2011 - 3:46pm

tanks mang!

tanks mang!

dumpstergourmet
Dec 6, 2011 - 3:47pm

Hi-Yo...

Silver! Awaaaaay........

buzlightening
Dec 6, 2011 - 3:51pm

All Ezero hype.

How many times we get the same old rumors regurgitated out of the Ezero? Whatever benron has to say 12/13 fomc it'll be sell the news or anti climatic. Maybe a 4-5 trillion QE print. Heaven knows he's ben handing off trillions under the table to primary dealers; probably the bulk of this hot money inflow DOW run. The whole Santa rally looks like one big black magic last gasp of a collapsing system. Dow still above 12K after the January effect, approx 1/20/2012, I'll believe bunrokio dead head feds still have control. Looking ever so sketchy

Swift Boat Vet
Dec 6, 2011 - 3:52pm

Proverbs

That is an excellent verse, but I believe verse 1 totally befits your fine site.

Proverbs 11

1 The LORD detests dishonest scales,
but accurate weights find favor with him.

Swifty

RaRaRasputin
Dec 6, 2011 - 3:54pm

Turd

Great content as always. Drums beat louder - could you find yourself shackled to your Macbook trying to keep up and keep abreast with new threads for every topic? Love what you do now where you comment on the main thread with any 'new' news you have come across (unless I've completely misunderstood you).

Just my sov's worth & awaiting the arrival of BTFD tee's and a big signed yellow stetson!

RaRa

Lightning
Dec 6, 2011 - 3:55pm

Re: Proverbs 11:14

You can never go wrong by following the wisdom of Solomon, the wisest man of all time.

saulysw
Dec 6, 2011 - 3:55pm

I love you just the way you are...

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

I like things the way they are.

The issue is more of "number of pages of comments". You don't want that to get more than, say, 10 pages max. Otherwise, you open it up and know that it'll take hours to read them all. Even 5 might be a good ballpark. The time it gets there depends on the popularity of the post, of course, but if I was you I would base my posting cycle on that.

NW VIEW
Dec 6, 2011 - 3:55pm

Proverbs11:14 @ Mr. T.F.

Yes being surrounded by lots of great international minds will bring safety and wisdom to the board.

beardeus
Dec 6, 2011 - 3:56pm

Just in case this was

Just in case this was missed.

Report: Bill Clinton Reaped Big Bucks from Corzine Firm Before Collapse

https://nation.foxnews.com/mf-global/2011/12/05/report-bill-clinton-reap...
Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

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

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