She's Back!

Tue, Jan 24, 2012 - 3:18pm

The Wicked Witch returns! As the precious metal bull market resumes in 2012, The Witch and Ruprecht discuss their plans for the year ahead. They only have a few options and none of them are good.

The Wicked Witch Schemes For 2012

About the Author

turd [at] tfmetalsreport [dot] com ()


Jan 24, 2012 - 3:20pm



Jan 24, 2012 - 3:21pm


You go Turd!

Jan 24, 2012 - 3:27pm

Finally Turd


Edit: Turd, the witch is not appearing on my screen. Not sure if she has figured out how to hide.

Jan 24, 2012 - 3:36pm

Love it!!

Thanks, Turd.

Nothing better than being a fly on the wall of the Witch's office!

Jan 24, 2012 - 3:38pm

Giants fans?

Turd, what do you think of Martin Armstrong's theory that commodity prices are being pushed down because deflation caused by trillions of dollars in evaporating assets (derivatives going "poof," etc.) is propping up dollar demand?

Jan 24, 2012 - 3:51pm

I wonder

when we will se $44 silver again. O let it come..let it come soon

Jan 24, 2012 - 3:51pm

Thanks For the Video Turd

I enjoyed watching it and I hope your analysis is correct. I'm a little (actually, a lot) more reticent about silver going up so fast in the near term. OK, if Sprott is really in there buying, well yes, that's a different story. Also, if the Fed explicitly prints for the benefit of the US (QE 3) then yes, that would be bullish also. But I guess I see the possible deflationary forces of a Greece default (yes, I know they are already defaulting) and a Eurozone meltdown as still posing a real threat to gold and silver as large entities will most likely run to cash for liquidity. I think this is still a problem and I think it's still more serious than everyone is giving it credit for and will not be over in the near term. If the PTB can stay ahead of this fiasco by massive printing then the bullish forecasts will be correct and I will be wrong. I'm just not sure our problems are behind us yet, not to mention I have more confidence that the EE can still crush the price notwithstanding the points you made in the video. I've never said it publicly, but thanks for all you do here Turd. This is a nice community here. Oh, and thanks for addressing the confiscation possibility in your last interview. As I've stated before, that is my personal number one concern- that and the possible gigantic tax they will try to impose. Thanks again. Have a great night everyone.

Jan 24, 2012 - 3:57pm

Today's OI commentary

Very interesting, indeed.

Gold, which was UP $14 yesterday, saw total OI fall by almost 2,000 contracts. Lots of Cartel short-covering drove the rally. Between Friday and Monday, gold rose almost $25 in price yet total OI fell by almost 5,000 contracts. We are clearly seeing a continuation of the pattern where gold is rising primarily due to Cartel covering, not new spec money inflows. Look for the resistance area between 1680 and 1705 to hold price in check for a while longer.

Silver lacked excitement, too. Total OI fell by 1,400 contracts even though silver was UP 60 cents on the day. It would seem that the move yesterday was almost entirely upon the backs of EE short-covering and not follow-through buying related to front-running the additions to PSLV. This does not bode well for the very short-term price of silver. $32.80-33.00 will likely continue to serve as a cap for silver price for the time being.

Jan 24, 2012 - 3:59pm

I should clear this up

I do not expect silver to roll through 33 and 37 and 44 overnight. We will be lucky to make that sort of progress by June.

Margins are extraordinarily high and spec money is reluctant to join the fight after what happened last year and then the raiding of MFG. Silver is going higher again, of that you can be certain. Just don't expect a rocket ride like last April. Be patient and keep stacking.

Jan 24, 2012 - 4:03pm

Geesh $1,666 again

What message are the demonic asses trying to send by targeting the $1,666 price?

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