Quick Chart Update

Tue, Feb 7, 2012 - 1:16pm

As the POSX breaks down, the metals are charging higher. Here are some updated charts.

First up, The Pig. Note that Pigatha has broken down and out of its nearly 2-week range. By breaking down, it is now targeting 78. Short-term movements in the POSX are very important currently. As you likely know, volume and participation have decreased considerably post-MFG. This leaves us with The Cartels and The WOPRs as the primary determinants of paper price and most WOPRs are set to buy/sell based upon minute movements in the POSX.

The Forces of Darkness on the LBMA tried the exact same trick last night as they tried yesterday. Unfortunately for them (smirk), the falling Pig has blunted their evil intent again today. For comparison purposes, here is the Sunday night/Monday chart:

And here is the Monday night/Tuesday chart.

Of course, "respected" and "big name" metals "analysts" like Hairy Fleckenstein still contend that gold is a "market", "free of manipulation". Rrrrright....

Anyway, here are the main two charts you need to be following. As I've assembled this post, The Pig has deteriorated and the PMs have rallied. Gold is pressing against 1750 and silver is above 34, near the highs of last week. I still think that the caps will continue to stymie things here for another week or so but, if the POSX continues to fall toward 78, Cartel resistance will be futile. Let's watch and see how this comes together.

I've got a lot more to add but little time to do it. Look for another post by later today or this evening. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Mr. Natural
Feb 7, 2012 - 1:17pm


Thanks Turd

Feb 7, 2012 - 1:22pm

Number two. Yer allright,

Number two. Yer allright, Turd.

Feb 7, 2012 - 1:23pm

Down with the Piggity

With the Upbeat news from Euro land the piggy drops, in a few days spooky news from euroland will make piggy rise... second verse same as the first. Next week the opposite of this,

Feb 7, 2012 - 1:27pm


the Bernack break down his plans for QE3 this morning.. Anyone watch the questioning?

Colonel Angus
Feb 7, 2012 - 1:32pm

Another suggestion...

How about FUQE2 since the beatdown always seems to happen in her country?

Not Interested Anymore
Feb 7, 2012 - 1:35pm

I Love Ben Bernanke

Every time Ben speaks, metals go up.

Thanks, Turd! Much love.

Feb 7, 2012 - 1:36pm


Re-posting this to the new thread:

Hello folks, I'm looking for help with predictions on how the Greek situation will play out. Currently, I've got money in a 401k and I want to try to play it right. The only reason I have a 401k right now is because its my hedge against my physical. While most of you guys were closing out your 401k last year, I decided to open one at my new job to take advantage of pre tax deductions and employer match, but more importantly, I have self directed my funds into the mutual fund that buys all gold and silver miners. Currently, its up 12% on the year, but I sense a correction in stocks is coming soon. The question is whether this will be a minor correction, or will Greece blow up the world markets next month like many people seem to believe (including Bix Weir). If this happens, what will be the effect on large gold and silver miners? Will it be another 2008 type correction where commodities get murdered while people flee to dollars, before snapping back and propelling to new highs, or will gold and silver be finally be recognized as the de facto safe haven?

Here is what I'm thinking, and this is how I will play this. I will keep my elections the same until the end of the month, because I think the DJIA still has another couple 100 points left in it. In about a month, I will move half of my money from the minor fund into another fund that buys medium length bonds. Specifically, this fund did well in 2008. I think towards the end of March we will see a crash or correction all the way through April and possibly May. I think the miners will correct and the bonds will gain and while I probably wont profit during this time, I probably wont lose too much. Once pessimism is high and I sense a bottom in the market, I will transfer back into the miner fund for the next leg up in this bull which promises to be a moon shot. What do you guys think of this strategy?

Feb 7, 2012 - 1:36pm

Yes' eighth!

Yes' eighth!

Feb 7, 2012 - 1:39pm


its bernanke saying 'i will shield the US from any europe contagion'.....we know what that means......

and anticipated greek deal that buys 'em weeks at best.

both dollar weak n inflationary circumstances.

announcement of greek deal n merkozy kissing gets us to 1815.

subsequent eu blow up, contagion, printing by everyone, gold/silver as last safe havens gets us to _____________

fill in the big numbers.

high in 2017 or '18

TreeTop Dweller
Feb 7, 2012 - 1:40pm

"respected" and "big name" metals "analysts"

Hairy Fleckenstein... Now that is too funny!

Maybe now that he is no longer on PAAS Board of directors he can come clean?!!!

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