Your Weekly Podcast

408
Fri, Aug 3, 2012 - 1:27pm

A little something different this week. As a change of pace, I'm the one getting interviewed. I spoke yesterday with Alasdair Macleod of GoldMoney and I think you'll enjoy listening in.

The link to the interview is right here:

https://www.goldmoney.com/podcast/turd-ferguson-and-alasdair-macleod-on-the-end-of-the-great-keynesian-experiment.html

But it's also available on Youtube:

Turd Ferguson and Alasdair Macleod on the end of the Great Keynesian Experiment

As mentioned above, the NFP numbers this morning threw nearly everyone for a loop, at least initially. Then, once folks were able to "look under the hood", they discovered that things aren't quite so rosy. ZeroHedge opened the door ( https://www.zerohedge.com/news/seasonal-and-birth-death-adjustments-add-429000-statistical-jobs) and then Jim Quinn kicked it down ( https://www.theburningplatform.com/?p=38358).

Crude oil is really cooking today and must be watched closely next week. I've got the October crude pushing $92 as we head into the close. A move above the highs from late July near $93 and we'll see crude sets its sights upon $100. Obviously, $100 crude would have an impact on the metals.

This week's CoT is going to be very interesting. Once I see the numbers this afternoon, I'll add some thoughts in the comments section of this thread, so please look for that sometime after 3:30 EDT.

Lastly, "Turd's Army" just completed another stellar month under General Maguire's leadership. We know that it can sometimes be a logistical challenge to perfectly mimic Andy's trades and we're working on that. In the meantime, some folks have chosen instead to simply trade in larger size. I found a thread at goldismoney.com where the service is being discussed. Please check it out. (If you're interested, August would be a fine time to consider a trial membership.) https://www.goldismoney2.com/showthread.php?33861-4-month-results-after-using-Andrew-Mcguire-service&p=407494&posted=1#post407494

And here's the link to the service: https://www.coghlancapital.com/daytrades-application?ak=turd_army

Lastly, I promised you a wild week this week and it certainly was. Not surprisingly, it turned out almost exactly as we expected. Next week, however, promises to be very exciting as well. I urge you to take the weekend to relax and rest. The summer is getting hotter by the day and you need to be ready for whatever lies ahead.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  408 Comments

Missiondweller
Aug 3, 2012 - 1:30pm
Igiveup2
Aug 3, 2012 - 1:31pm

screwed somebody

Takes care of that first crap for now. Oil was nice to be in today.

wildstylechef
Aug 3, 2012 - 1:35pm

Turd weekend

yA

Rules

1 Never trust a politician

2 Never believe a politician

3 Never have any confidence is a politician

Larry L
Aug 3, 2012 - 1:45pm

You Are Still

buying Silver Aren't You?!

JML-2012
Aug 3, 2012 - 1:48pm

FIFTH..

High 5, more dead than alive!

Mr.Grey
Aug 3, 2012 - 1:48pm

"screwed somebody"

So, you are what? politician banker porn star?

Bollocks
Aug 3, 2012 - 1:55pm

Top Ten!

Nice end to the week!!

treefrog
Aug 3, 2012 - 1:57pm

pining, re: your earlier post

(repost from prev. thread)

that looked like a spot silver close comfortably above the 50 day moving avg. did we close over the 50 dma on the comex paper price?

I Run Bartertown
Aug 3, 2012 - 2:02pm

Olympic Witch Trials Continue

https://au.sports.yahoo.com/news/german-rower-quits-over-neo-120230339.html

German rower Nadja Drygalla is to leave the Olympic village in London, the country's Olympic committee said on Friday, after press reports that her boyfriend was a member of a far-right group.

"Today the management of the German Olympic committee received information about the private associates of the rower Nadja Drygalla," the head of the delegation Michael Vesper said in a statement.

Rowing officials spoke to the athlete, who affirmed her commitment to the "Olympic ideals" but at the same time revealed that she "planned to quit the Olympic village so as not to be a burden on the team", Vesper added.

and one more time, Voula Papachristou:

dropout
Aug 3, 2012 - 2:15pm

FAME!

Congratulations Turd! Great podcast.

Turdville has become world wide famous.

I take great pride in taking a small part, along with my fellow 'Turdites' in the success of the site.

The resolution is approaching. It is not years away. Now a matter of months. IMHO.

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