Thu, Mar 21, 2013 - 12:33pm

We've had a very nice rally this morning, one that is extending as I type. Of course, this is very encouraging and gold, in fact, is building a very nice "stair" accumulation pattern on the shorter-term charts.

Everything looks positive as $85B/month of QE is confirmed for the foreseeable future. To that end, the metals appear to be coiling for a breakout move here. They look to be ready to extend toward the current downtrend lines that extend back toward the highs of early October last year. As you know, I've been calling for such a move for about the past 10 days and it's looking increasingly likely. For now, though, there are two key questions:

  1. Will this happen? As stated all week, these gains are nice but nothing of significance will have occurred until gold break $1626 and silver trades through $29.40. Will they do so soon? I think so but we'll see.
  2. What happens when the metals encounter those down trendlines? Will they roll over again as they did in November, January and February OR will they burst through and begin to establish some new, UP trendlines?
For now, getting back to question #1, can the metals break out of their recent ranges? Amazingly, silver has now spent 4 weeks between 28.40 and 29.40!
Have a great day. I hope to get things back to "normal" at TFMR very soon.
12:30 pm EDT UPDATE:
Obviously, the site is back up...for now. We will be making some decisions later today regarding our current servers and other issues. I'll keep you posted through this site (if it's up) or through the blogspot site
Silver and gold continue to struggle at these levels, as you can see below. Will silver simply fall back under $29 again tomorrow, as it did back on the 12th? Probably but let's not give up hope just yet.

About the Author

turd [at] tfmetalsreport [dot] com ()


Fr. Bill
Mar 21, 2013 - 12:36pm

Finally, First!

In spite of the .... well, you know ...

Fr. Bill
Mar 21, 2013 - 12:37pm

And a glitch is worth ...

Second! Sometimes a cloud has a teensie silver lining anyway.

Mar 21, 2013 - 12:39pm

Amazing work and effort

Thanks Turd and Staff for all the energies you guys, and ladies, put into this site for our benefit. You are truly amazing !!!!!!!!!!!

Mar 21, 2013 - 12:39pm

Bit off topic

Am I the only one refreshing this site, silver doctors, and santa's site hoping to catch a glimpse of what yeterday's meeting brought about?

The suspense is killing me.

Mar 21, 2013 - 12:40pm

I'm in!!!

Count me in...

Thanks for all yours and your tech team's hard work Turd! We still like using the old library though if problems persist. It's great to have as a backup.

Silver Alert
Mar 21, 2013 - 12:59pm


Oops, probably should have said Thurd. I now have collected two thurds in my quest to collect all ten positions. I'm willing to sell the extra one. All proceeds will go to bailing out Cypress.

Mar 21, 2013 - 2:30pm

Top Ten! (Plus Barclays)

Barclays talking down the yellow stuff- bullish for sure!

Mr. Fix
Mar 21, 2013 - 2:32pm

Well, I'll try this one more time.

Seems like every time I press “save”, the site goes off-line.

Glad there's a backup.

Mar 21, 2013 - 2:51pm

i was

first to give turd a hattip.

Mar 21, 2013 - 3:01pm

This simply cannot be a serious proposal

A 40% penalty for all accounts over 100,000 euro? Looks more and more like an intentional move to cause some sort of spillover effect. What could that be, though?

The Watchman
Mar 21, 2013 - 3:05pm

US Mint UPDATE-88,500 more ASE's Sold

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
February 3,368,500
March 2,438,000
Total 13,304,500
Mar 21, 2013 - 3:08pm

40% haircut

for all you guys who been whining they gonna bail on the metals cause they are not moonshotting right now.... and you know who you are..... (bobbay!!) ( lizard lick) just ask yourself.... self can you afford a 40% haircut? now shut the xxok! up and act like you been here before.... good day...

Mar 21, 2013 - 3:14pm

@ Turd

Assuming that the Russian depositors include current government officials, maybe it is a threat/reprimand for obstructing US ambitions in Syria.

That of course would not be the only purpose, as they have also mortally wounded confidence in the global banking system, and intentionally so.

Mar 21, 2013 - 3:44pm

and I was


The Watchman
Mar 21, 2013 - 3:55pm

Options Expire for Gold and Silver Monday 25th

Watch out for attacking Monkeys.

Heart's Yours
Mar 21, 2013 - 3:56pm

Don't to forget to Feed the Turd

During times like this when this incredible site is under attack, things get more expensive. So please do your part and remember to "feed the Turd". I have a little "donation" that is on autopay each and every month to do my small part to keep this wonderful resource accessible. Keep stacking. If you don't hold the metal in YOUR possession, it is not yours. Thanks Turd for all you do.

Mar 21, 2013 - 3:57pm

Euro- haircut coming to bank bond holders/depositors

1st in Cypress, then Spain, Italy, Greece. Troika will need to "print, print, print" Euros or the derivative time bomb fuse gets lit and blows up ALL banks as they're daisy chained together.

Euro-mullets for all those clowns!

Mar 21, 2013 - 3:59pm

russians be hammering fingers off

now there are 2 ways to do this...... 1) smash smash smash now its not that clean of a cut.. but it is a cut.... 2) turn claw downward..... good aim required nice clean cut though.....

put ur twinkies up you congress rats.....

The Watchman
Mar 21, 2013 - 4:04pm
Mar 21, 2013 - 4:05pm

Server been under heavy load again?

I suggest anyone not called Bollocks is banned from here. That'll fix it.

Mar 21, 2013 - 4:06pm


are you giving us a small glimpse of your true identity?

Mar 21, 2013 - 4:07pm


Hate to add another thing to the list of fixes, but the image re-sizer has stopped working .

Mar 21, 2013 - 4:08pm
Mar 21, 2013 - 4:10pm


Looking forward...her re-election isn't guaranteed unless she starts talking about the Mark in a serious way. I don't think she'll have a choice.

Can England be far behind from exiting the Euro door so that the Pound can strengthen upon the euro crumbling?

At this stage Greece should enter the picture soon enough if Cyprus is on the cusp of default.

Thanks to all who took part in Jerry's telethon :-)

Keep it goin'.

Sad-descent TF
Mar 21, 2013 - 4:11pm

Re: Proposal

I really get the feeling that they are at a complete loss as to what to do. If the Spaniards and Italians aren't cleaning out their accounts they are nuts.

Mar 21, 2013 - 4:12pm
Fr. Bill
Mar 21, 2013 - 4:14pm

Gold Is Going To Tank To $1,375 This Year


"SocGen analysts Alain Bokobza and Roland Kaloyan think "The Gold Rush Is Over".

"Gold is well off it's 52-week high of $1,802. And the analysts expects gold to fall 15 percent from its spot price to $1,375 per ounce by year end. This is more bearish than the consensus view which is 30 percent above SocGen's, with a forecast of $1,750 per ounce.

"In a report published earlier this year, the analysts wrote that they expect gold prices to fall for four key reasons."


1. Stronger U.S. dollar 2. Higher real interest rates 3. Outflows from precious metal Exchange traded products 4. Hedge funds are reducing their net long positions THE SKY IS FALLING!! THE SKY IS FALLING!!
Mar 21, 2013 - 4:17pm

Byzantium: Coin premiums

I'm fairly certain that has always paid spot for maples. While gold is currently spot they are paying spot + $1 for silver and going with a $1.50 spread (selling spot + $2.50).

Of course if you buy with CAD$ they also make a sliver on exchange.

Mar 21, 2013 - 4:18pm

Texas May Start to Hoard Gold

Jim Rickards discusses plans for a Texas Depository run by Texas that holds gold and will protect it from Federal confiscation under the 10th Amendment.

Mar 21, 2013 - 4:18pm

the flows

gold looks solid

silver dull

bitcoins trading at $72

stay frosty bag_a_hammers

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 5/28

5/28 10:00 ET Consumer Confidence
5/30 8:30 ET Q1 GDP 2nd guess
5/31 8:30 ET Personal Income and Consumer Spending
5/31 8:30 ET Core Inflation
5/31 9:45 ET Chicago PMI