Wed, Feb 29, 2012 - 2:50pm

Two of these charts just ain't like the others. Two of these charts just ain't quite the same.


Actually, crude is now UP 40 cents.


Combine this with what we know from our loyal Turdite regarding JPM indiscriminately dumping 10,000 contracts of gold in two minutes this morning.

Clearly this was a coordinated attack, meant to create the cascading waterfall which ensued.

1705 and 34 are still holding, however, and must be watched closely for clues as to whether or not there is more bullshit to come.


About the Author

turd [at] tfmetalsreport [dot] com ()
Become a gold member and subscribe to Turd's Vault


Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 1/21

1/22 10:00 ET Existing Home Sales
1/24 9:45 ET Markit Manu and Svc PMI
1/24 10:00 ET Leading Econ Indicators
1/25 8:30 ET Durable Goods
1/25 10:00 ET New Home Sales

Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI