The Turd thoroughly enjoyed his 3-day break from the madness. However, I've spent all my morning getting back up to speed and now it's getting late.
I had planned a more in-depth post but, since it's now almost noon EDT and things are moving quickly, I'll keep this brief. The metals spiked earlier and gold traded all the way to 1583. Rumors and hopes of a new LTRO-type program in EuroLand caused some buying and short-covering. All for naught as it IS Tuesday, after all, and the CoT survey needs to be "painted" by The Cartel. Once a nice, high PM fix price was attained in London, down she went and now I have gold all the way back to 1556 and silver under 28. Yee haw!
Sorry if I seem unfazed by this. If it seems that way it's because I am. Please utilize this and any further weakness to add to your stack. It may seem hard to believe at this instant but the metals, particularly silver, are headed dramatically higher from here. PLEASE keep stacking.
Here are two other charts for consideration. Note that the POSX is above 82. IF it can continue higher and move through 84, it will likely head toward 88-89 and the very top of the 5-year range. I thought a long-term crude chart would be valuable, as well. Crude, being the most heavily-traded, dollar-based commodity, must be watched closely. As it stands currently, the chart would indicate that the "deflationist argument" is winning. Again, The Federal Reserve cannot and will not stand for this. A POSX near 90 and plummeting crude might be all the evidence needed for the initiation of the next great printing operation.
Just a few words on the progress of "Turd's Army". For May, after fees, Army members have added 3 gold coins a roll of eagles to their stacks. This is particularly impressive performance given the sheer brutality of the day-trading market over the course of May. IF YOU ARE A PROFESSIONAL TRADER, you need to seriously consider or reconsider the service. Once again, details can be found here ( https://www.tfmetalsreport.com/podcast/3621/tfmr-podcast-16-special-anno...) and the form that you can use to sign up is here ( https://www.coghlancapital.com/daytrades-application?ak=turd_army).
Again, I hope you're not freaked out by the drop within the last hour or so. To me, this is all nonsense shenanigans playing out as The Cartel attempts to paint the CoT. This action is of ZERO long-term significance. Stay the course and PLEASE utilize bouts of weakness to add to your physical stack (or begin one if you haven't already). The paper price of precious metal is going much, much higher from here. Silver, in particular, is going to experience an explosive and powerful rally this summer and beyond. Just keep stacking.
Much more later today. TF