Back In The Saddle

Fri, Jun 17, 2011 - 3:54pm

I apologize for my absence over the past 24 hours. Mrs F and Mrs Sweetness planned a little, overnight golf and gambling extravaganza for Sweetness and I last night. The location was rather remote and I had very little internet access. Doesn't look like I missed much, anyway.

Here are some updated charts. Crude is quite intriguing as the spread of WTI vs Brent is about $20 or 21+%. I don't know if that is some kind of record but it has to be pretty close. Gold is trying to escape the clutches of that nasty "dome" pattern that it found itself in earlier this week and silver is about as exciting as Free Metamucil Day at Ridgecrest Manor.

Lastly, Trader Dan has found that his limited free time is making his blog difficult to keep current. When he does post, however, its usually a doozy. He just wrote a terrific summary on several of the items we cover here. I encourage you to head over and check it out.

I promise a more "extensive" weekly review tomorrow, complete with some interesting longer-term charts. That's it for now, however. Turd needs a nap. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 17, 2011 - 3:57pm

Removed comment

Removed comment.

Jun 17, 2011 - 4:01pm

Thanks - glad you got in some

Thanks - glad you got in some RnR !!!

Jun 17, 2011 - 4:03pm

posting charts


What is the secret to posting charts?



Jun 17, 2011 - 4:17pm


Hey Turd

Thanks for the new site. Charts arent so bad - if you click on it as an icon it opens up nice and big in the browser.

Thanks for your wisdom!

Ned Braden
Jun 17, 2011 - 4:17pm

Good for you !

Turd, Sweetness and the Ladies. Hope y'all had fun

Blue Sky
Jun 17, 2011 - 4:25pm

Orko on Fire!

Orko just shot up .41 cents to 3.25 CAD in the last 15 seconds of trading. Humongous volume of almost 4m shares . They got it back to 2.96 in the last seconds but the excitement was palpable. Earlier it traded @2.58 and the traders must have gone home. I hope Scott88 still has his position.

Finally I was starting to feel like a broken record or a pumper but I'm just a" believer I couldn't leave her if I tried" .

I did take profits three times but I had to get back in.

Sorry if I'm overly excited but I'm thinking some of those ORKO shorts might need a dram of that metamucil.

Jun 17, 2011 - 4:26pm

TF, do you think that the

TF, do you think that the July month approaching fast, that it will keep a floor under silver during the final important hours of the wedge that has been building the last 6 weeks? Welcome back sir!

Jun 17, 2011 - 4:26pm

Was just checking in and read

Was just checking in and read the Trader Dan post. I think he makes a great point looking at these markets in different currencies. I thought the point about relative performance of gold vs. silver in inflationary/deflationary scenarios very good too. Also in looking at oil across different markets, especially since the WTI contract can get a bit funky due to its specifics. I just checked the chart page here, and maybe an addition of Eurogold, GBPgold, Yengold and Yuangold and Rupeegold (?) would be helpful to seeing the big picture: the continued race to the bottom for all the fiat currencies.

I know others have posted before on where to find these for free. What do you think, all?

Eternal Student
Jun 17, 2011 - 4:30pm

Thanks for the Trader Dan "heads up"

Trader Dan usually posts good articles. That one is a gem. Worth reading at least once.

Jun 17, 2011 - 4:41pm

"Needs to get back above 1545

"Needs to get back above 1545 before I get interested", do you mean that above this level the uptrend is resumed...

We don't know when the EE strikes again, but I am more inclined to consider short positions above 1545. I don't expect an announcement of QE3 in the next weeks as well.

(Haven't read trader Dan's post yet).

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