Happy or Terrible?

Tue, Jul 17, 2012 - 3:42am

Let's hope for a "Happy Tuesday".

Just a few items for you to review. First, this great article from Alisdair Macleod which covers some of the same territory that Trader Dan plowed over the weekend. https://alasdairmacleod.blogspot.com/2012/07/managed-money-positions-on-us-futures.html

Speaking of Trader Dan, he was talking about the grains today: https://www.traderdannorcini.blogspot.com/2012/07/grain-index-approaching-2008-peak.html. And so was ZeroHedge: https://www.zerohedge.com/news/putting-corn-harvest-drought-and-flood-context

Santa's pal Eric has written an interesting piece where he discusses several of the CoT trends that we've been covering ad nauseam here. https://edegrootinsights.blogspot.ca/2012/07/this-major-fed-move-is-about-to-create.html

And the LIEbor scandal continues to grow. HEEHEEHAHA! Just for fun, here are two articles which mention two of the primary forces behind The Evil Empire, JPM and HBSC.

Lastly, one final bit of fun from FreedomFest. While I was strolling the floor on Thursday, I ran into Kerry Lutz of the Financial Survival Network. He asked if I could spare a few minutes and I gladly obliged. Here's the link to the 5-6 minute interview. https://financialsurvivalnetwork.com/2012/07/turd-ferguson-everyone-should-be-buying-precious-metals/

Everyone Should Be Buying Precious Metals--12.July.12

About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 17, 2012 - 3:49am


Surely not

Jul 17, 2012 - 3:50am

Wee hours of the morning.

Wondering what the Turd's reason for being up so late at night. I hope it is better than mine. But thanks for the links.

Jul 17, 2012 - 3:57am

Turd why are posting around

Turd why are posting around this time?

Ivars, I thought you took your cash long time ago...

Jul 17, 2012 - 4:11am

Katie Rose

Perhaps a small venture on the side could be working/learning holidays for fellow Turdites. They learn about keeping hens and goats and cheesmaking etc and do some of the (hard) chores. They contribute ounces silver for the experience, which you can keep or turn into hay.

Everyone wins.

(If Turd posts more often at this time I might even get a crack at the top spot. It's breakfast time for me and most of the competition are asleep . Congrats to fellow Brit Hillsie who will be suffering from the shock all day).

Jul 17, 2012 - 4:30am

Turd do you have any pics from FreedomFest?

Did you have a booth there? I was trying to make it out but honestly glad I didn't, I heard you had to shell out a ton of extra cash to see Napolitano.

In regards to the metals markets, who can know? My friends, we are at a very despicable and volatile time in history, where we are systematically watching the dismantlement of everything that made this country great -- the ingenuity and drive of small time entrepreneurs. Almost everyone was at one point just a small guy. Just remember folks -- "You didn't create that success, you didn't do that for yourself. Other people did that for you!"

Last I checked, I was up till 2 am trying to work on my website, as is Turd...

Everyone stands on the shoulders of giants, but where has the Drive gone? Where is that burning bleeding passion to better oneself and eek out a legitimate and decent living in this world? Everyone is too damn entertained. But I also fear the worst-- that technological advancement of society combined with financialization has permanently screwed the pooch here. We need less "real" workers, and we have more of a SKIM job going on now than ever.

I just want to say that I love every last one of you, every single one of you human beings out there who is awake to the situation, who ponders the situation daily, and who tries still to live every single day to the fullest with a smile on their face. It can be a burden and very disillusioning, but I commend you all to stay positive in your life and outlook.

Stack em, pack em, and rack em.

Your friend,



Jul 17, 2012 - 4:34am

Turd, I can't believe you

Turd, I can't believe you actually said, "better, stronger, faster !"............lmao !!!!! You asked for it but you forgot to mention "harder" oooo err missus......choose whichever vid suits the soul.

Video unavailable
Daft Punk-Harder Better Faster Stronger (Lyrics)
Video unavailable
Daft Punk - Harder Better Faster Stronger
El Gordo
Jul 17, 2012 - 4:35am

OK Team

It's time to get cracking this morning. Blythe is having her first cup of coffee and thinking about what to tell the monkeys this morning. Obama is consulting his astronomer or his cosmologist or something while Hillary and Bill plot their come from behind takeover. The moochers and dealers are getting home from work and looking forward to a good day's sleep. Yes, it's time for another day to get underway, so let's hit it....

Carpe diem

Jul 17, 2012 - 4:52am

RE: Turd posting at this time....

I am sure he just wanted to give Turdites in all parts of the world a chance to be first....because that's just the kind of guy he is. ;) First this morning from Casablanca!

Jul 17, 2012 - 4:56am

ZIRP forever?

A guy on CNBC Asia (a fairly sensible lot) said last night that a negative interest rate policy could be on the cards for 10 or 20 years. This way savers get creamed and the money effectively reduces the national debt. Negative rates are bad for cash savers (obviously), bonds, whilst the stock market just moves sideways. It's good for gold, silver and property. Just thought I'd pass that on, sorry for not having more details but it was 2am here.

Meanwhile silver prices struggling to hold above 27.5. Last night they hit 27.49 and then slumped!

Top 5 stocks on the Ozzie index Monday were gold miners. Turnaround in sentiment?

I feel vaguely optimistic today, despite Bernanke. Must be the pills.

Jul 17, 2012 - 5:01am

happy or not....

...at least it's different!

since when didn't we have a real spike in the London morning hours anymore?

even if it was partly due to a jump of EUR/USD.

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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