Turd on the Brink of Insanity

483
Fri, Apr 13, 2012 - 2:01pm

So, this is how it works in the Age of Lies, Obfuscation & Nonsense.

2/29 - Bernanke testimony. Down go PMs. https://www.tfmetalsreport.com/blog/3465/csi-comex-gold-and-silver-massacre

3/8 - Bernanke buttboy Hilsenrath talks. Up go PMs. https://www.tfmetalsreport.com/blog/3494/whatever-sterilize

3/13 - FOMC minutes no QE. Down go PMs. https://www.tfmetalsreport.com/blog/3520/literally-sick-my-stomach

3/26 - Bernanke talks. Up go PMs. https://www.tfmetalsreport.com/blog/3578/thank-you-mr-ben-bernank

4/3 - FOMC minutes again. Down go PMs. https://www.tfmetalsreport.com/blog/3615/schizo

4/11-12 - More talk of QE from Bernanke, Yellen and Dudley. Up go PMs. https://www.tfmetalsreport.com/blog/3654/sack-nonsense-redux

4/13 - Bernanke talks. Down go PMs. https://www.zerohedge.com/news/no-hints-qe-latest-bernanke-word-cloud

Absolutely ridiculous and comical nonsense. NO ONE should be attempting to trade gold and/or silver futures on the Comex. The WOPRs and The Cartel are completely in charge and every mutterance and headline sends a cascade of HFT orders based solely upon phraseology and syntax. THIS IS MADNESS! In the end, the fiat price of true money is left to shift in the wind, regardless of the underlying fundamentals. Therefore, THE ONLY ONES WITH A CHANCE are the regulars in Andy's Army. EVERYONE ELSE must avoid day trading at all costs. THE ONLY OPTION is to buy physical metal on paper metal dips and TAKE DELIVERY.

Have a nice weekend. TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  483 Comments

Silver Meddler
Apr 13, 2012 - 2:03pm

Moar dipz

I'm holding out for a further dip before buying more... but I'm watching the madness.

AlienEyes
Apr 13, 2012 - 2:05pm

Second! or maybe thurd.

Second! or maybe thurd.

Dr G
Apr 13, 2012 - 2:06pm

As I said in the last thread,

As I said in the last thread, I hope Andy knows what he is doing with his trades or that money is just money pissed into the wind as well.

How big of a chance does Turd's army really have at this point to make some profits? I'm honestly curious about this and can't wait until we hear how they've done in their first sessions. I hope they don't get their asses handed to them.

ClinkinKY
Apr 13, 2012 - 2:07pm

Putting in my "reservation" for 100th post...

...now I have to go to bed so I can work graveyard shift.

Dr G
Apr 13, 2012 - 2:08pm

As I said when I introduced the service,

the ONLY PERSON that I know of qualified to trade in this market IS Andrew Maguire.

silverstarfox
Apr 13, 2012 - 2:11pm

Fifth :)

I was sitting in cash today, thinking maybe go long. Decided against it, and gold dropped big. Now I look at the charts and think gold has some more downside early next week. Anybody care to weigh in on the technicals? Looks to me like we might see another 20 to the downside mon/tue.

tpbeta
Apr 13, 2012 - 2:12pm

ooh

The gold chart is forming a swastika. Does that have a special meaning?

Straying From the Flock
Apr 13, 2012 - 2:16pm

Why

If the fundamentals and TA are pretty much a crap shoot right now, why take the chance on the paper market? If you want to gamble, give me your money and I'll flip a coin. Heads I keep your money. Tails I keep your money and I'll kick you in the balls for good measure. Pm me for the address to send cash to. Seriously people. Is this investing or a gambling addiction? Stack faster. RGD

johnboatcat
Apr 13, 2012 - 2:17pm
Roger Godberd
Apr 13, 2012 - 2:20pm

Brink of insanity

The only way to trade this market is with decent hedges imho.

Too often my account has been completely screwed with a one way bet. Even with hedging you can still get it wrong if it is not managed.

Be careful in AArmy, my experience is that some prof. metals traders can be incredibly bullish and do not hedge as they only use 10% of their account on a position when using margin. Most amateurs (myself included) will often be over exposed and so can blow out.

Agree with TF. Only way to be sure is to buy phys & take delivery.

One things for sure...with the Chinese buying tons of phys and taking it off the table, these prices cannot last long...when will be see true paper/phys price divergence I wonder?

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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

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