Back In The Saddle

90
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.

https://www.traderdannorcini.blogspot.com/

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

Founder
turd [at] tfmetalsreport [dot] com ()

  90 Comments

Eric Original
Jun 17, 2011 - 4:46pm

Dome

Yeah, I think that "Dome" thing is already busted.

jlee2027
Jun 17, 2011 - 4:46pm

Trader Dan and Turd

Maybe you guys should combine blogs and share the work? Just call this my extremely stupid idea of the day. Both of you are probably too ruggedly independent though.

SilverTree Anonymous
Jun 17, 2011 - 4:46pm

.

John Clark
Jun 17, 2011 - 4:49pm

Friday, Time to open a Samuel Adams...

Friday, Time to open a Samuel Adams and kick back with Kid Rock. The new site is great which is now my #2 favorite starting with DRUDGE REPORT, TF Metals Report, Zero Hedge, USA Watchdog, SurvivalBlog, several YouTube favorites and Bloomberg before hitting the sack during the work week. The weekend is 'off the grid' time.

Thanks for starting the new site.

JC

"Hope for the best and plan for the worst"

Bay of Pigs
Jun 17, 2011 - 4:49pm

resistance levels

$1545-1550 level is a very big deal. Once breached with authority, $1600-1700 is in the bag, and probably quickly.

Eric Original
Jun 17, 2011 - 5:01pm

Sounds like the Turd is

Sounds like the Turd is hungover again. C'mon Man! The weekend is just getting started!

TheGoodDoctor
Jun 17, 2011 - 5:11pm
Merc
Jun 17, 2011 - 5:14pm

Gold priced in all currencies.

I have often looked at turds analysis while also looking at other currencies. When turd has pointed out possible negative chart patterns in USD I simply checked out other currencies. It usually calms my fears. Im glad dan mentioned this perspective also. Gold IS acting as a currency and in a global contest for monetary debasement all currencies should be closely watched. I think it would be great to see turds analysis of gold charts in other currencies at least once in awhile. Love the new site and all the work you've done.

ramon Blue Sky
Jun 17, 2011 - 5:23pm

Some other Juniors doing the same

@ Blue Sky

Yes, I've noticed that several juniors were up significantly at the very last minutes of the trading day on very high volume (Record breaking volume on the charts that I was looking). This could mean that some of the shorts are beginning to cover or maybe somebody big is stepping in (or a fund buying).

Jerome
Jun 17, 2011 - 5:41pm

Mining Stocks

I am stubbornly hanging onto my mining shares (TKRFF), fearing that I might miss the announcement of drilling results and the immediate pop in price that is expected. But holding is painful. Thanks for the post from Dan Norcini, Turd. Sometimes I forget to go over and read his site.

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