Hangin' Tough

355
Fri, Oct 19, 2012 - 9:53am

Are you tough enough?

New Kids On The Block - Hangin' Tough

Frankly, I can't believe I just posted a New Kids On The Block video. A new low, if there ever was one. Oh well, if there are any 30-something female Turdites out there, I'm sure they appreciate it.

Just a quick post this morning as I have lots to do including a podcast recording for release later today.

The metals were, of course, pressured overnight. As noted in the "update" of the previous post, anytime you see blatant Globex selling immediately after the Comex closes, you can be almost guaranteed of an overnight and next-day raid. And so it is.

Regardless, the damage is minimal. So far, the 1730-1735 area has held like a champ in gold and has laid the groundwork for a double bottom. Silver would show a double bottom, too, if it weren't for the obvious attempt to have a go at the 50-day moving average near $32.50. That level will be the key to watch today as you know with 100% certainty that The Forces of Darkness would give anything to close the week below there. If they're successful, we'll see more weakness early next week and a likely drop toward $31.00-31.50 before the final low of this manufactured "correction" is in. IF silver can instead rebound today, and I have a last of $32.45, then we'll most likely have our bottom and we'll see a breakout next week.

So, watch those levels closely today. Can gold hold and close above $1730-35? Can silver hold and close above $32.50. Today's battle is ON. Are you tough enough? wink

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  355 Comments

JackPutter · Oct 19, 2012 - 9:56am

A Time to Buy

Just got some antelopes, and cougars from the Canadian silver wildlife series myself.

Keep stacking

rl999 · Oct 19, 2012 - 9:57am

Shenanigans

Here we go!

Both the tickers I use (pennystockjournal, and netdania) show an excessive amount of gaps both up and down.

(first first)

rl999 · Oct 19, 2012 - 9:59am

32.5 as resistance now?

Bout to find out if it turns into resistance

SilverSurfers · Oct 19, 2012 - 10:00am
107

Hangin Tuff!!!

Dude, we called 32.50 back on 9/26. Back to buy zone for turdville!!!!!!

Dude, I went cold-turkey 1 week without a cig, (after 45 years of smoking)

Hat TIP my tail, right here, right now!!!!

Monedas · Oct 19, 2012 - 10:06am

Greed is good ?

Greed for the "earned" is good ! Greed for the "unearned" is bad ! Earn it, buy it, hoard it .... and stop using the PC term "stacking" .... fear not the truth ! Monedas 1929 Comedy Jihad Hoarding Is Good For You And All Living Things World Tour devil

Sisyphus · Oct 19, 2012 - 10:07am

Back to the races?

Today. Or wait 2 weeks?

Gor blimey, guv'nor! Second?! My first time in the top twenty!

treefrog SilverSurfers · Oct 19, 2012 - 10:08am

silversurfers,

at a week, you should be past the worst of it. hang in there!

rl999 · Oct 19, 2012 - 10:10am

Metals behaving similar

If anyone else is watching a ticker, gold and silver must have the same hft algo programming today, check them out with an overlay - you could trade Ag off Au or vice versa.

theBuckWheat · Oct 19, 2012 - 10:12am

Third!

see subject.

¤ · Oct 19, 2012 - 10:15am

Hangin' Tough - Silent Rage

Chuck Norris....

Video unavailable
JimmyTheHand · Oct 19, 2012 - 10:17am

@SilverSurfers and Mr. Turd

Congrats on quiting smoking! I hat tipped you one!

Turd - I saw some talk last night about large amounts of physical leaving the comex... I believe that actually happened already LAST friday and think that is what Jim was referencing to. I could be wrong but saw this last week over at SilverDoctors site: https://www.silverdoctors.com/massive-comex-silver-withdrawal-on-friday/

Biochar · Oct 19, 2012 - 10:20am

I prefer the girl groups...

nothing better than K-pop: here's GIRLS' GENERATION on Letterman

https://www.youtube.com/watch?v=AO9yFjodDtM

another great Korean export is 2NE1... suggested tracks:

Hate You, I Love You, Can't Nobody, I Am The Best

(other good tracks by GG: Genie, Twinkle, Run Devil Run)

all on iTunes of course

Bollocks · Oct 19, 2012 - 10:28am

This HAS to be a wind-up ...

Petrol 'produced from air and water'

A British firm based on Teeside says it's designed revolutionary new technology that can produce petrol using air and water.

Air Fuel Synthesis in Stockton-on-Tees has produced five litres of petrol since August, but hopes to be in production by 2015 making synthetic fuel targeted at the motor sports sector.

The company believes the technique could help solve energy supply problems and curb global warming.

Video here: https://www.bbc.co.uk/news/business-20003704

Did someone say Methanol? That's not air and water.

SilverSurfers · Oct 19, 2012 - 10:31am

Turd is hanging Tuff

with the right stuff, Silver, Guns, Food .....

New Kids On The Block - You Got (The Right Stuff)

Egon von Greyerz KWN is saying that the swiss will go to legal tender gold coin.

I guess that euro peg aint cuttin it politically. THIS IS HUGE

because totalitarianism collapses when cap gains are removed from bullion.

very very exciting times to watch the metals and the political fall out.

Dr G · Oct 19, 2012 - 10:31am

Yes, it appears the magic

Yes, it appears the magic line will act as resistance. If one has his heart set on simply higher prices, then this continuous drip, drip, drip action is enough to make him vomit. Weakness in Asia, selling in London...same story every day.

¤ · Oct 19, 2012 - 10:40am

Are you tough enough?

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Video unavailable
treefrog Bollocks · Oct 19, 2012 - 10:44am

bollocks,

that bimbette on the clip obviously is neither a chemist nor an industrial engineer. i suspect she was skipping over a lot of detail. in her explanation of the process, she said "this is methanol which the company has manufactured..." it may well be that it was manufactured from air and water. methanol contains carbon and hydrogen. lots of hydrogen in water. carbon is found in co2, which is found in air. not saying that's so, just saying that clip was "detail challenged."

Dracula · Oct 19, 2012 - 10:48am

Even at $1

If it goes there, my single coin is there, shiny as always :) So... Who cares?

clueless one · Oct 19, 2012 - 10:49am

possibly a test...

of $31 - $31.50...as per TF.

oh, that's just nonsense...absolutely impossible. don't bring that negativity around here and try to mislead people...etc...

(you know who you are...)

lmao...

yes

stack'em high boyz and girls...

peace! cool

Zoltan · Oct 19, 2012 - 10:51am

Max Pain Options Expiry

Using SLV as a proxy for today's expiration.

https://www.optionpain.com/OptionPain/Option-Pain.php

https://shortsqueeze.com/?symbol=slv&submit=Short+Quote%99

Just remember that SLV trades at a discount to the silver spot price (cause it's a fraudulent ponzi scheme?). It would appear that we will see them expire in the max pain range. 

"Who'd a thunk it?"

Z

bujjai · Oct 19, 2012 - 10:52am

What about this? Troubling...

https://thefundamentalview.blogspot.ca/2012/10/on-further-inspection-tro...

The H&S is there....so far everyone has been wrong about this rally.....I understand a lawsuit is out there.....What troubles me to absolutely noooooo end is when bill murphy and all the other silver prognosticators come out and play our cards. Why "bullseye" yourself and say it's over for JPM....when THEY ARE IN CONTROL.....they have UNPRECEDENTED control ..... this game of chess must be played with a keen sense of strategy. ....Ridiculous....

bujjai SilverTree · Oct 19, 2012 - 11:00am

This troubles me to no

This troubles me too.....it's a plant....as it relates to the Wynter Benton story. Again, putting a massive bullseye on....you don't see the smart cartels doing this. THis has precipitous drop written all over it.....the cartel is desperate and trying to get this thing down. is 16 possible....?? wow....I dunno....

old tradesman · Oct 19, 2012 - 11:12am

live stream today

vonburpenstein · Oct 19, 2012 - 11:13am

whoa nelly!

If you don't 'you know what' now, then you'll never 'you know what'

Anonymous · Oct 19, 2012 - 11:14am

Removed comment

Removed comment.

Istack · Oct 19, 2012 - 11:14am

New Kids on the Block!?

i once posted this vile song once too. it took me two weeks to recover. i hope you bounce back quickly (as well as the metals).

Xeno · Oct 19, 2012 - 11:16am

Only The Strong Survive

For Turd and the whole hangin' tough gang here in Turdville.

https://www.youtube.com/watch?v=-HqSm90hlZM

And just because a storm is a commin', it's Friday, and my weekend already started.

https://www.youtube.com/watch?v=4T5gjIiLRCg&feature=related

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