I Hope You're Ready. I am.

Thu, Jul 19, 2012 - 12:39pm

I've been on vacation long enough. Batteries are recharged. Perspective has been gained. Things are about to get very, very interesting in the metals. I'm ready. Are you?

Both metals are rapidly approaching a conclusion to their long-term, corrective patterns. By Monday, I'll be able to draw on these charts again but, for now, you'll have to use your imagination. Connect the tops with a down-sloping line and connect the bottoms with a horizontal line. These "descending triangles" are near their completion as both metals are working themselves into the very tight, acute angle at the far end. WHEN they break out and UP, what is happening will be clear to all. The hot, explosive summer and fall will have begun. Be ready.

Here are some news items that you should be following. As mentioned yesterday, if you want to follow the events on the ground in Syria, this link is your best bet: https://www.aljazeera.com/watch_now/. Israel has fingered Iran/Hezbollah as the culprits behind the bombing in Bulgaria yesterday. https://www.zerohedge.com/news/alleged-mastermind-behind-israel-bus-explosion-identified-swedish-national-mehdi-ghezali. And, the U.S. is appearing to gear up for military action somewhere in the area: https://www.zerohedge.com/news/three-us-aircraft-carriers-now-middle-east-fourth-en-route. All of this has served to drive crude well through $90 and $100+ now looks quite possible very soon.

Soybeans are reaching a mania phase. They are up over $1/bushel in just the past 24 hours. They are likely due for a brief but sharp pullback soon but things aren't looking better, by any means. Here's a 5-minute chart as well as an updated version of the Kansas City forecast I posted earlier this week.

UBS sees hyperinflation coming. (Wait a minute. I thought hyperinflation was just some sort of Austrian pipe dream. David Frum said so. Oh well, Switzerland is pretty close to Austria. It must simply be contagious.) https://www.businessinsider.com/hyperinflation-risk-major-currency-2012-7

Peter Schiff is worried about tyranny and fascism. https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/18_Peter_Schiff_-_This_Is_My_Single_Greatest_Fear.html

And Trader Garrett (a friend of Trader Dan) has written summary for those searching for bottoms and trend changes. https://marketpendulum.blogspot.com/p/in-depth-coverage.html

OK, that's all for today. Keep the faith.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 19, 2012 - 12:42pm



Jul 19, 2012 - 12:43pm

It's true. Second.

It's true. Second.

TreeTop Dweller
Jul 19, 2012 - 12:44pm

Locked and Loaded

Fire in the hole!

Moderator Jane
Jul 19, 2012 - 12:49pm

Reminder to move conspiracy arguments to the forums

Here's the topic for it:


And in the future, I expect those of you who have been long-time members of the community to lead by example and take "personal responsibility" by creating your OWN forum topics and asking people to continue to engage with you there, instead of posting your angry knee-jerk response here.

In other words, if you want this blog to be less centrally controlled and promote the views of "smaller government," then you need to self-police more.

Or we can become a central socialist state if you prefer. ;-)

Thank you!
Comrade Jane

Moderator Jane
Jul 19, 2012 - 12:50pm


And that includes your continued attempts to post that off-topic inflammatory Israel video. That belongs in the forums, not here.

Silver Danny
Jul 19, 2012 - 12:54pm

New Physical Silver Exchange?


Just checking to see if there have been any updates on the new physical silver exchange? I think you mentioned that Ned was having trouble sourcing the silver? What quantities of silver are we talking about?


Battle Beagle

Also, Checkout

More Earthquakes In The Silver Market

""What does this all means? It means more earthquakes before what could be one of the largest price eruptions in the investment world since 2008 (chart 3)."


Jul 19, 2012 - 12:54pm

Very Very

Things are about to get very, very interesting in the metals

please don't double up on the very's. i tend to get over-excited, wet my pants and go out and stack more silver.

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