Time For Another Hat Contest

108
Tue, Aug 18, 2015 - 11:17am

With all that's going on in the world...from China to Ukraine to disinflation bias to the next FOMC meeting...what a perfect time for another Turdville Hat Contest!

The September FOMC meeting is Wed-Thu the 16th and 17th of September. The Fedlines that might contain a "September rate hike" will be released at 2:00 pm EDT on September 17. So, your entry in this contest is:

  1. The Comex closing price of the Dec15 gold on Friday, September 18
  2. The Comex closing price of the Dec15 silver on Friday, September 18
  3. Tiebreaker: The NYSE closing level of the HUI index on Friday, September 18

In each category, there will be two winners. In gold, first place is a TFMR silver round and second place is an autographed Turd Hat. In silver, same deal.

So, have at it. Please use this thread to submit your guesses and be sure to include your tiebreak answer. I'll close this thread to new entries tomorrow at 7:00 pm EDT.

GOOD LUCK!! (You're going to need it...)

TF

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  108 Comments

sengfarmer · Aug 18, 2015 - 11:25am

2nd

I won't even guess, things are too f+++d up.

CPE · Aug 18, 2015 - 11:25am

Thx

Turd

1. 1150

2. 15.50

3. 125

renozep · Aug 18, 2015 - 11:30am

Hat Contest- Thanks Turd

Dec. 15 gold- 1095.55 Dec. 15 silver- 13.88 Dec. 15 HUI- 106.50 Sorry to be so pessimistic. Hope I'm wrong.

Antony von Clearwell · Aug 18, 2015 - 11:33am

3rd?

Au: 1131

Ag:15.55

Hui: 129

Angry Chef · Aug 18, 2015 - 11:36am

China and Swiss Refining

Turd,

I'm going to hold off on any predictions for the moment and think about it. But I just listened to your interview with Elijah Johnson at Finance and Liberty and you mentioned something that I have heard as well. That China is taking delivery of LBMA London good delivery bars and having them refined into kilo bars and shipped off to China never to return. I believe Alasdair Macleaod has mentioned this as well. But does anybody have an article from a reputable source that says this is true ? I've heard it here and in other locations but I've never seen anything written about it. Only spoken about it. Anyone ?

indiana rod · Aug 18, 2015 - 11:36am

My Numbers

Silver $16.30

Gold $1227

HUI 191

garth · Aug 18, 2015 - 11:36am

hat contest

gold- 1080.75
silver- 15.80
HUI- 135

matt_ · Aug 18, 2015 - 11:36am

My entry

Gold: 1105

Silver: 15.15

HUI: 118.25

4 oz · Aug 18, 2015 - 11:43am
imach1 · Aug 18, 2015 - 11:46am

God willing

AU 5000 Ag 100 HUI 1129

garth garth · Aug 18, 2015 - 11:47am

sorry - typo - can I take it back?

I meant to say 1180.75, not 1080.75. Good thing I'm not a prophet like the turtle.

gold- 1180.75
silver- 15.80
HUI- 135

Whitecastle123 garth · Aug 18, 2015 - 11:49am

Gold $1171.00 Silver

Gold $1171.00

Silver $15.56

Huey 120

brokerk22 · Aug 18, 2015 - 11:50am

Hat contest

gold $990

silver $12.95

Hui 95

lakedweller2 · Aug 18, 2015 - 11:53am

Forcing Prices Higher

Gold: 1017

Silver: 14.05

hui: 111

Gundo · Aug 18, 2015 - 11:53am

Gold $1175 Silver $16.50 HUI

Gold $1175

Silver $16.50

HUI $132

H8Fiat · Aug 18, 2015 - 11:56am

Number

Sad to say. Unfortunately if I win, please donate to your favorite charity.

Au = 874

Ag = 13.83

HUI = 113

realitybiter · Aug 18, 2015 - 11:57am

Holy crap

She killed him, too! Chris Farley was the best.

joelwebthearrow · Aug 18, 2015 - 11:57am

September 18th

$1181 $16.10 And 196 Might as well be optimistic after three years of getting beat up They cannot tighten The old grey haired bag has no tricks left Jweb

landplanner · Aug 18, 2015 - 11:58am

Guess

Gold: 1122.00

Silver: 15.28

HUI: 121.00

Silverhog · Aug 18, 2015 - 11:59am

Dreaming

Au= $1260.

Ag= $17.30

HUI= $172

realitybiter · Aug 18, 2015 - 12:01pm

swag

gold 1179

silver 1699

hui 171

Sound Money Minnow · Aug 18, 2015 - 12:03pm

Here are my lotto numbers

Gold 1170

Silver 15.80

HUI 130

As they say in New York, " hey, you never know"

SMM

Angry Chef · Aug 18, 2015 - 12:08pm

@AngryChef

This has been going on for quite some time and it continues to this day.

Here's the link from when I first reported on it: https://www.tfmetalsreport.com/blog/3924/gonefor-good

And here's Koos with an interview of Alex Stanczyk, who states that:

"We met with the managing director of the largest refinery in Switzerland and spend about two hours talking to him, we learned some very interesting things. Whats going on in the gold market as far as the price, is I think very counter intuitive. Everybody understands, knows and believes the price should be higher than it is, but it isn’t. There’s confusion in the marketplace, and there are two reactions; the reaction in the west is fear, confusion and uncertainty; the reaction in the east is buying. Now, this gentleman we were talking to probably has a better idea of physical gold flow than anybody else globally. He sees what is coming from the mines, he sees what is coming from the UK, and all over the world, as well as where its going. He indicated the price didn’t make sense because he has got so much fabrication demand. They put on three shifts, they’re working 24 hours a day, and originally he thought that would wind down at some point. Well, they’ve been doing it all year. Every time he thinks its going to slow down, he gets more orders, more orders, more orders. They have expanded the plant to where it almost doubles their capacity. 70 % of their kilobar fabrication is going to China, at apace of 10 tons a week. That’s from one refinery, now remember there are 4 of these big ones [refineries] in Switzerland."

https://www.bullionstar.com/blogs/koos-jansen/alex-stanczyk-physical-sup...

jaba · Aug 18, 2015 - 12:29pm

Hat Contest

Au $ 1,191

Ag $ 16.96

HUI 148

Angry Chef · Aug 18, 2015 - 12:42pm

Thanks Turd

I read that Koos Jansen article back in 2013 as well. I'm not saying it's right or wrong. But I will say I have less respect for Jim Rickards mug now than I did back in 2013. Thanks.

SaratogaPrepper · Aug 18, 2015 - 12:44pm

Guess

AU - 1083

AG - 14.01

HUI - 129

ag4me · Aug 18, 2015 - 12:47pm

contest

1. $1078 2. $14.76 3. 121

ikhebeenpunter · Aug 18, 2015 - 12:47pm

Contest

Gold 1111.11 Silver 15.15 Hui 130

Bama · Aug 18, 2015 - 1:31pm

Rolling Da Bones

AU 1210.40

AG 15.82

Hui 155

Rushstyx · Aug 18, 2015 - 1:49pm

WAG!

Gold $1095.50

Silver $14.85

Hui 125

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