A Bernank Hat Contest

170
Thu, Sep 13, 2012 - 9:58am

With little else to do for the next 2.5 hours, we might as well have some fun.

Let's make this contest a little more subjective than those in the past. I'll pick three winners from all entries that most accurately describe what, if any, actions that The Fed announces today as well as predict the 5:45 pm EDT closing Globex price of both gold and silver. Feel free to lobby for yourself but I, as The Almighty and All-Powerful Turd, shall have sole discretion in determining winners and losers.

So, please use the comments section of this thread for your predictions. I will close this thread at 12:29 EDT so that no one can sneak in post-Bernank. In the meantime, try not to get distracted by the micro moves ahead of the Fedlines. All you are seeing this morning is algo/WOPR gaming of buy and sell stops. Ignore it unless the moves become $10+ in gold and/or $1 in silver.

And for your reading pleasure, I submit the link below. Sort of a rehash of many of the common themes here at TFMR but a good read, nonetheless.

https://theeconomiccollapseblog.com/archives/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar

OK, have at it. I'll be back with a new thread and full Turd-analysis after we see the Fedlines.

Have a fun day!!

TF

About the Author

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

  170 Comments

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Agophillic
Sep 13, 2012 - 12:21pm

QE III starts today

Queen Elizabeth the 3rd will set sail today on her maiden voyage into paper infinity.

AG: 34.04

AU: 1799.50

stingbee30
Sep 13, 2012 - 12:21pm

Re: Israel and it's mandate.

Israel is itching to bring the US into another conflict. The way they put pressure on NewCons to invade Iraq. This thing in Libya and Egypt sounds like another pre-planned action(the movie is an instrument, but the macro reasons is more than that)...

brad_pitts_betterlooking_brother
Sep 13, 2012 - 12:19pm

the benank says...

"no qe. all know this is a road to nowhere. therefore the US will switch to a dollar backed by metal. no, not gold. rather silver will be the standard as it is becoming more rare and is truly a valuable and versatile metal. we will set the price of silver to $1,500 as of 1/1/13. sorry, jamie."

(not sure if i dreamt this or if i read it somewhere on kwn.)

Groaner
Sep 13, 2012 - 12:19pm

$15 drop in 5 seconds

just your normal trading

Short Stack
Sep 13, 2012 - 12:17pm

Metals under attack

A sure sign the price will be going up later.

Edit: Scratch that. There is a real fight for price going on now. Check the NetDania charts.

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

alphamorph
Sep 13, 2012 - 12:16pm

Napoleon victorious at Waterloo

Beware this pre-speech action!!!

wholetthedogsout
Sep 13, 2012 - 12:15pm

B-money will hold out a

B-money will hold out a biscuit and tell the markets to roll over.

Sep 13, 2012 - 12:15pm

IF

a big move in silver develops later today/tomorrow, I am seriously considering the purchase of out-of-the-money crude calls. Maybe some Nov $120s, something like that.

Argyrocatharsis
Sep 13, 2012 - 12:15pm

Fed Res. prediction

QE of 250 billion per quarter ....to be re-evaluated on a quarterly basis.....

---GOLD - 17H45 AT - 1780

---SILVER at -34.88

170 Comments on A Bernank Hat Contest

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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

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