Improving

278
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.
TF
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 https://tfmetalsreport.blogspot.com/
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.
TF

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  278 Comments

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.

billhilly
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 !!!!!!!!!!!

monkry
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.

Save_America1st
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

Troika

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.

Hrunner
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.

ZILVERMAN
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?

https://www.zerohedge.com/news/2013-03-21/eu-weighs-40-haircut-uninsured-cypriot-deposits-bad-bank-plan

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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