Time For Another Hat Contest

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...)



CPE's picture



1.  1150

2.  15.50

3.  125

sengfarmer's picture


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

renozep's picture

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's picture


Au: 1131


Hui: 129

Angry Chef's picture

China and Swiss Refining


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's picture

My Numbers

Silver $16.30

Gold $1227

HUI 191

garth's picture

hat contest

gold- 1080.75
silver- 15.80
HUI- 135

matt_'s picture

My entry

Gold: 1105

Silver: 15.15

HUI: 118.25

4 oz's picture

...but liars can figure.


imach1's picture

God willing

AU 5000
Ag 100
HUI 1129

garth's picture

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's picture

Gold $1171.00 Silver

Gold $1171.00

Silver $15.56

Huey 120

brokerk22's picture

Hat contest

gold $990

silver $12.95

Hui 95

lakedweller2's picture

Forcing Prices Higher

Gold: 1017

Silver: 14.05

hui: 111

Gundo's picture

Gold $1175 Silver $16.50 HUI

Gold $1175

Silver $16.50

HUI $132

H8Fiat's picture


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

Au = 874

Ag = 13.83

HUI = 113

realitybiter's picture

Holy crap

She killed him, too!

Chris Farley was the best.

joelwebthearrow's picture

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's picture


Gold:  1122.00

Silver:  15.28

HUI:  121.00

Silverhog's picture


Au= $1260.

Ag= $17.30

HUI= $172

Sound Money Minnow's picture

Here are my lotto numbers

Gold 1170

Silver 15.80

HUI 130

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


realitybiter's picture


gold 1179

silver 1699

hui 171

Turd Ferguson's picture



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."


jaba's picture

Hat Contest

Au $ 1,191

Ag $ 16.96

HUI 148

Angry Chef's picture

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's picture


AU - 1083

AG - 14.01

HUI - 129

ag4me's picture


1. $1078
2. $14.76
3. 121

ikhebeenpunter's picture


Gold 1111.11
Silver 15.15
Hui 130

Bama's picture

Rolling Da Bones

AU 1210.40

AG 15.82

Hui 155

Rushstyx's picture


Gold $1095.50

Silver $14.85

Hui 125

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