A Rally Cometh?

Tue, Mar 12, 2013 - 7:18pm

Very nice action this morning. Can we hold these gains and extend? I think so.

<EDIT> Obviously, this was typed much earlier today but, with the site down all day, I'm just posting it a/o 7:17 pm EDT.

We had a little trouble with the servers this morning. I'd better type fast and get these charts posted before the site goes down again. I'll dispense with the news items for now and simply cover today's action.

First of all, here's the main thing that I'm looking at. Notice that, on these daily charts, basing patterns similar to what we've seen twice already since the October highs are being traced out. IF I'm right...and the current CoT structure helps to aid my confidence...the metals are about to rally back toward their trendlines. Of course the key is, in the intermediate term, will they fail for the third time at the trendline? For now, let's not put the proverbial cart before the proverbial horse. Let's just see if this rally can get some legs and extend higher.

And on these six-hour charts, you can see gold breaking UP and through its recent range, no doubt on the backs of some considerable short-covering. Again, now we need the metal to hold these gains and stay above the range. For gold, that's 1585. In silver, the 3-week and $1 range of 28.40-29.40 is still intact and there's really no reason to get excited until/unless silver can close above 29.40 and begin to draw away.

OK, that's all for now. Hopefully the site is back up for good and we won't have any more outages. Fingers crossed!


About the Author

turd [at] tfmetalsreport [dot] com ()


Mar 12, 2013 - 7:20pm



Mar 12, 2013 - 7:22pm


Pretty wierd, I log in for the first time today at 7:17 and score a second.

2nd amendment:

A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.

Mar 12, 2013 - 7:23pm

I didn't know how much I missed this site

until it was gone for awhile

El Gordo
Mar 12, 2013 - 7:24pm


Back on the air and in the top ten. Woohoo.

Mar 12, 2013 - 7:26pm

Me Too

Top Ten, first time poster Whoo Hoo !!

Mar 12, 2013 - 7:29pm

First top ten?

Anyone heard any info on whether lead mines are shutting down? I see silver and gold had a better day today 

Mar 12, 2013 - 7:30pm

Ye gods

Phew, things are really back to normal smiley.

Mar 12, 2013 - 7:30pm

Because I don't know how to count...

Big thanks to the admin. and Stephanie for working the bugs out.

The Beatles-Number nine
Mar 12, 2013 - 7:31pm

The Beatles didn't write "Number Eight" DPH


I'll have Number Nine.

Mar 12, 2013 - 7:32pm

Don't get too excited about this gold rally...

Don't get too excited about this gold rally...

Daily GOLD FREE Ichimoku, Candlestick and Fibonacci analysis for March 11th 2013
Prize Fighter
Mar 12, 2013 - 7:33pm

No worries friends.  We are

No worries friends. We are back!

(Captured this morning for your entertainment or consideration.)

Mar 12, 2013 - 7:37pm

wisdom of turdites

Hi everyone, I have just started a new forum topic in 'current news and events', please if you have a moment take a look.

You probably already know the theory of collective wisdom and how many 'random' guesses average out to a fairly accurate estimation of an actual result, so I thought it would be interesting to test our collective wisdom on a future outcome and figured the next NFP would be worth a shot.


I'll collate it all and in a few weeks we can see how we go!


ps. nice spikes last night but then again we had a spike to 1620 only a few days ago.... daily MACD is up this time though so let's go!

Mar 12, 2013 - 7:38pm


Was over at the old site reading posts and got DPH's notice the site was back up. Most of us who have been around for a while know where to go but it might be a good idea to post it for newbies.

Nice pop up in the metals overnight - am hoping Asia might extend it a bit. Just back from trip to Hong Kong - pollution just disgusting - can see why the Chinese are buying up Australia with its clean air, water and food - but sale of physical seems to be continuing at a steady pace.

The Watchman
Mar 12, 2013 - 7:38pm
Mar 12, 2013 - 7:43pm
Mar 12, 2013 - 7:49pm

What's wrong with this picture

Seriously, this is a country who just broke the armistice with the US. and now has a nuke yet can't even supply or use a boat that was made within the past 100 years for their president and top generals. 

This is what happens when a starving, pitch-black 19th century country devotes much of their meager wealth towards creating a bomb above all else while people are starving.

I'm sure no one has anything to worry about and they just won't start threatening to nuke other countries given their first opportunity to do so. (sarc off)

I pity those soldiers if that sucker capsized.

North Korean leader Kim Jong-Un waves while in a boat during his visit to the Wolnae Islet Defence Detachment in the western sector of the front line, which is near Baengnyeong Island of South Korea

Cry Me A River
Mar 12, 2013 - 7:50pm

Dinner Time For Jake Cya Tomarry!

Cya Tomorrow--Time For Dinner At The Soul Food Cafe


Mar 12, 2013 - 7:50pm

EXK Leads Miners up

EXK posted excellent earnings and was up 12.46 per cent today

SLW up 3.5 per cent, AXU up 6.9 per cent, hopefully the miners indicate the direction.

The direction is up! I always get nervous when the site is down, but the direction is clear from here!

old tradesman
Mar 12, 2013 - 7:51pm

@ dph

That is NKs new U boat

Mar 12, 2013 - 7:53pm

Beyond Organized Hypocrisy

From Jesse's site;

[And so a failed policy and its support system become self-sustaining, long after it is seen by objective observers to have failed. In its failure it is counter-productive, and an impediment to recovery in the real economy. Admitting failure is not an option for the thought leaders who receive their power from that system. The continuity of the structural hierarchy must therefore be maintained at all costs, even to the point of becoming a painfully obvious, organized hypocrisy.]

Most all who daily have anything to do in, or with the markets, recognize that they are nothing but pure hot air, hot currency, pumped up, phantom wealth. They continue to take part at the feeding trough and drinking the kool-aid because of pure hubris and greed.

The end point does indeed approach. Their "just" deserts will be served, whether they want it or not! Gold and silver will be highly sought after, thats if you can find some, or someone to sell it to you. Get yours at these bargain basement prices. They won't last.

delacroix 2x2
Mar 12, 2013 - 7:54pm

@ 2x2    check out rupert

@ 2x2 check out rupert sheldrakes work on morpho-genetic resonance

Mr. Fix
Mar 12, 2013 - 7:55pm

A Rally Cometh?

Maybe after the system crashes, not before.

 We will know that the rally is coming when the metal is unavailable for purchase.

 A systemic collapse, a currency crisis, war, and government crackdowns on its populace will accompany the next rally.

 In the meantime, people who see what is coming, along with nations, and central banks are figuring out how to accumulate as much gold and silver as possible.

 Once they have decided that there is no more available,

 their games will end,

 things that are artificially propped up will collapse,

 and things that are artificially suppressed will become unleashed.

 It will be a very interesting spring.

Mar 12, 2013 - 8:13pm

Richard Russel

is gold bullish, but without dow confirming tp high, dow theory, the dow could collapse, so, advised not owning stocks, during the run up, and now that its at a new high, says dont fight fed, and so, misses the move up, and now jumps in at a top?

dont sound right ....


DPH, that's an easy one. The whale harpoonist on the bow.

Video unavailable
Mar 12, 2013 - 8:14pm

@Lamenting Laver

Saw your post about the ongoing computer crashes.

Try this and then run the chkdsk /r again.

Windows ---> All Programs -------> Accessories ----> System Tools

right-click on "Disk Cleanup" and choose "Run as Administrator"

make sure "Debug dump files" and "System error memory dump files" are ticked and leave the other ticks in place, where they already appear.

Click ok.

If you've had loads of crashes you may see hundreds of Mb in "Debug dump files" and "System error memory dump files". Clearing that and running chkdsk /r again may fix the crashes. It has done for me on many occasions, on many computers.

PS - It's always a good idea to do the disk cleanup before running checkdisk. Sorry that I forgot to mention that.

It's also a good idea to go back from time to time and check what's in the disk cleanup area, and clear it out.


PS - you must run disk cleanup as "administrator". It won't delete the main files that you need to clear out without this.

Mar 12, 2013 - 8:15pm

Yes - I missed this place too today

What seems to be the problem Turd? Site has been down a lot lately and even when back up is a bit clunky.

A previous poster also mentioned something which I am noticing too; many websites are clunky or links don't work or videos freeze yet audio keeps going; that sorta thing.

Scumbags in power trying to disrupt our comms?

Another pet peeve:

While I am at it another expression used a lot today AWESOME!

I was on the phone the other day making an appointment.

"What is your name sir?"


"Thanks that's AWESOME! And your telephone #"


"Wow thanks that's Awesome".

I very much doubt you are.

"am what".

In a state of awe that I just provided you my telephone #; you know, sitting there with your mouth hanging open - eyes wide and such....

"I am not sure what you mean".

Well awesome is a very powerful word just to be used for a telephone number which you probably write down many many times a day; what kind of word would you have left if say an alien landed outside your window and got out and gave you his telephone #. That would be kinda awesome don't you think?

"I never really thought about it like that before; That's awesome".

Yes thank you; goodbye. (click)

[Good grief! while typing this rant, got another call, can I please do XXXX - yeh sure - thanks that's AWESOME! - (silent) ARRRRRGGHHHHH!

Mar 12, 2013 - 8:18pm

Just looking at charts of PHYS and PSLV...

I'd be worried if I saw strong volume right away on this rally... I like the apathy. We had a nice washout in both of these last week - the charts tell the story - Fear. And the weak volume on the rally tells me there's plenty of pessimism. Good!!! Now we climb the wall of worry. Good days ahead. We are armed with knowledge - and physical. And for me a smattering of shares in PHYS and PSLV :-)

Mar 12, 2013 - 8:23pm

As I always known for a FACT and wrote it Here several time

by Paul Craig Roberts

The Fed has produced a perfect storm that could consume the US and perhaps the entire Western world.

…For the last year or two the Federal Reserve and its dependent banks have operated to cap the price of gold at around $1,750. They do this by selling naked shorts in the paper speculative gold market.

There are two gold markets. One is a market for physical possession by individuals and central banks. The rising demand in the physical bullion market points to a rising price for gold.

The other market is the speculative paper market in which financial institutions bet on the future gold price. By placing large amounts of shorts, this market can be used to suppress price rises in the physical market. The Federal Reserve, which can print money without limit, can cover any losses on its agents’ paper contracts.

It is important to the Federal Reserve’s low interest rate policy to suppress the bullion price. If the prices of gold and silver continue to rise relative to the US dollar, the Fed cannot keep the prices of bonds high and interest rates low. If the dollar is widely perceived to be declining in value in relation to gold, the price of dollar-denominated assets will also decline, including bonds. If the dollar loses value, the Fed loses control over interest rates, and the US financial bubble pops, with hell to pay.

To forestall armageddon, the Fed and its dependent banks cap the price of gold.

The Fed’s fix is temporary, and as the Fed continues to create ever more dollars, the price of gold will eventually escape the Fed’s control as will interest rates and inflation.

The Fed has produced a perfect storm that could consume the US and perhaps the entire Western world.

March 12, 2013

Paul Craig Roberts, a former Assistant Secretary of the US Treasury and former associate editor of the Wall Street Journal, has been reporting shocking cases of prosecutorial abuse for two decades. A new edition of his book, The Tyranny of Good Intentions, co-authored with Lawrence Stratton, a documented account of how americans lost the protection of law, has been released by Random House. Visit his website


القراع عصفور
Mar 12, 2013 - 8:23pm

i thought for sure i was banned

i called the bottom. last week.

black smoke means a black Pope. 

i GATA go. the farkin site's crashing again.

that's Cap'n Bernank flying upside down, and at night. by the way, that's your interplanetary nest egg being phasered.

Mar 12, 2013 - 8:32pm

To forestall armageddon, the Fed and its dependent banks cap the

To forestall armageddon, the Fed and its dependent banks cap the price of gold.

The Fed’s fix is temporary, and as the Fed continues to create ever more dollars, the price of gold will eventually escape the Fed’s control as will interest rates and inflation.

The Fed has produced a perfect storm that could consume the US and perhaps the entire Western world.


Mar 12, 2013 - 8:34pm

EXK earnings

Here is a link to their earning report....not only was it good but it was a record for them. GPL posts after the close tommorow but not looking for as much out of them but at least hope to continue the uptrend along with silver. I have 2 weeks left before my deadline to liquidate my directed trading account and dispense of my 401K. Keep going...only down about 30% now...whoo hoo!


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