Anniversary Hat Contest

Thu, May 17, 2012 - 8:01am

As hard as it is to believe, this site will have it's 1st birthday on 6/14/12. Time sure goes fast when you're getting the snot beat out of you, day after day.

It's been a crazy 11 months but today is not the day for a retrospective. Today IS the day to start a new Hat Contest! Same rules as before. Submit your guess for the closing Comex price on Thursday, June 14 for the July12 silver contract and the August12 gold. Each winner will receive a genuine, 100% authentic and autographed Turd Ferguson hat. If any lucky Turdite manages to win both categories, I'll even throw in an original mint "silver Keiser" for good measure.

So, go for it! Enter your guesses in the comments section of this thread. I'll leave it open for entries through the Comex open tomorrow (8:20 am EDT) if you want to take a look at today's action before committing. Remember, all new Turdites have their initial comments sent into the "moderation queue" for approval. So, if you don't see your entry show up immediately, do not despair. Just give the mods and I a little time to find it and publish it.

I'm going to be out most of the day today so I won't be able to post a new thread until at least mid-afternoon. Please continue to use the "sticky" thread at the top of the homepage as your discussion/open thread. In the meantime, the nice rally overnight was derailed by euro weakness earlier today. Oh well. At least we are up a little off of yesterday's lows. Baby steps, everyone. To begin with, we need to stem the tide of the spec shorts. Then, we can reverse and squeeze them.

Have a fun day! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Big L
May 17, 2012 - 8:03am


Holy cow!

May 17, 2012 - 8:05am

Ag 33.1 Au 1720

Ag 33.1 Au 1720

ClinkinKY Big L
May 17, 2012 - 8:09am

No, Big L... don't get a free hat for being first. But everyone after you does :)

Oh yeah, Ag- $32.79


Big L
May 17, 2012 - 8:09am


Thanks for the contest, excellent timing. We need a good distraction and the hat contest is perfect.

I'll think about this one for a while, I got real close last time until there was a last minute beat down. I hope to do better this time. The responses will be very interesting.

May 17, 2012 - 8:14am

Hat me

Ag - $30.08

Au - $1658

May 17, 2012 - 8:15am

Big L

Yes, Pining and I had to do our best manipulative work at the eleventh hour to pull that off.

Vernon Wormer
May 17, 2012 - 8:18am

If history repeats itself

here is what gold and silver won't be:

Gold - $1592

Silver - $28.56

May 17, 2012 - 8:20am

Not sure... guessing blindly

AG - $29.87

AU - $1614.99

May 17, 2012 - 8:23am

OK - I'll hazard a

OK - I'll hazard a SWAG..

GOLD: $1472

SILVER: $25.27

Turdle GG
May 17, 2012 - 8:26am

Congrats, Turd

Well done on your first anniversary!

Silver $28.5

Gold $1645

May 17, 2012 - 8:31am

My guess

Ag - $31.14

Au - $1667

May 17, 2012 - 8:34am

a guess

the worm turned yesterday, i said.

QE hint before then.

au $1710

sil $33.20

May 17, 2012 - 8:34am

Ag 27.14 Au 1532.20

I find myself a little less optimistic short term than during the last hat contest. I will be thrilled for someone who guesses higher to win the hat however.

Turd, you have accomplished a LOT in a year. Congrats to you.

2nd Dan Fred
May 17, 2012 - 8:35am

My Carnac hat says ...

AG $29.47

AU $1604.11

May 17, 2012 - 8:36am

Au 1567, At 25.17

Au 1567, At 25.17

May 17, 2012 - 8:38am


Silver $75.01

Gold $2499.90

2nd Dan Fred
May 17, 2012 - 8:42am

Atomic 47 Nice Call

I hope you win the hat

May 17, 2012 - 8:43am

Gold: $1620 Silver: $32.22

Gold: $1620

Silver: $32.22

Eric Original
May 17, 2012 - 8:43am

Au 1639.40, Ag 30.35

Au 1639.40, Ag 30.35

No way I can put out a bearish guess. It's not in my DNA.

May 17, 2012 - 8:44am

Silver - $27 Gold - $1550

Silver - $27

Gold - $1550

May 17, 2012 - 8:48am


Silver $34,88

Gold $1743

May 17, 2012 - 8:48am

Hit Me With Your Rhythm Stick, Dude

GOLD: $ 1666

SILVER: $ 31.15


Video unavailable
Nico Romanov
May 17, 2012 - 8:53am

AU 1626.20, AG 30.30

Gold 1626.20, Silver 30.30

May 17, 2012 - 8:54am

best guess

Ag 29.30

Au 1604.50

May 17, 2012 - 8:55am

I already have a hat so

why not be nutcakes?

Silver 37.14

Gold 1722.14

Gold is up in Euros, and USD - this must be good.

Pining - but soon you and Murphy will be regulators, being such experts and all. Let us know when you have been 'captured' and can start giving us the inside edge.

May 17, 2012 - 8:55am

thar she blows

where is groaner?

May 17, 2012 - 8:59am

Morgue's loss to rise atleast 50%, no really?

I think Turd called this one out right away. I could be wrong but I think he said he'd bet it was 10 times that.

At any rate, the lesson learned long ago and applied here is that when a corporment entity announces that they've lost something, the truth is likely much more than that.

My calls:

Ag- $28.58

Au - $1585.23

May 17, 2012 - 8:59am

Just think of 'her' as silver or gold

Steely Dan 《Do It Again》 ( original studio sound version)

(hey Maravich - you the man!)

May 17, 2012 - 9:00am

TF / recaptureamerica

Thanks big, yellow- hatted one!

That was one long agonizing year ( market wise) but a quick one at the same time. The variable of time I guess.

Congrats on enduring it this far and hopefully the PM's will have picked up a bit by then.

No guess by myself for hat contest purposes (already have two) but I'll let former Chinese leader Deng Xiaoping hazard a guess.

Looks like he really wants a hat.

Au $1575 Ag 28.75



Just watch how this eventually evolves into the big banks gravitating closer to China and showing them how it's done (shorting) western style and what they can control (entire market complex/populace) by doing so.

There's an obvious flow to this if you allow yourself to just consider it. The big American banks (multi-nationals actually) will essentially sell America short before it's all said and done.

May 17, 2012 - 9:00am


Gold: 1711.11

Silver 33.11

I have to go bullish this time, ever since they imposed position limits Murphy and I are hobbled in our ability to drop thousands of contracts and lower price on demand in order to win the hat contest. Damn regulators.


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 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

Recent Comments

by Winder, 52 sec ago
by Outback, 30 min 10 sec ago
by Outback, 39 min 52 sec ago
by Outback, 49 min 6 sec ago