TF Metals Report Blogs

A Little Help?

I don't know about you but ole Turd had a good day. It looked a little dicey at 7:00 am but the PMs ended up with some stellar performance. Anyone willing to trust in The Turd this morning is already up quiet a bit of fiat. That makes me smile. But today is in the books and all that matters now is tomorrow and the next day and the next day...Where do we go from here? Let's start with gold as the chart is quite compelling.

Turd Picks His Bottom

Because I seemingly like the adrenaline rush of putting my neck on the line, The Turd is ready with another fearless prediction. So, sit back, relax and read as Turd once again attempts to predict the future.

No Real Change

As we get back to business on this Monday morning, I'm sorry to report that I have nothing interesting to report. Today's charts look like Friday's which, in turn, looked like Thursday's.

TFMR Podcast #1

Great ideas are often born in an instant. Last month, after participating in the Jim Rogers webbotforum interview, someone mentioned that I should start interviewing people myself. Hmmm, I thought, that's not a bad idea. Not a bad idea, at all. So, beginning today, The Turd is officially expanding his media empire. Soon the list of global media titans will not only include Rupert Murdoch and Oprah but Turd Ferguson, too!

More on PAGE

Market action this week only further demonstrated the need for a new, global pricing mechanism for physical gold and silver. As stated by Ned Naylor-Leyland, the current system allows the "futures tail to wag the spot dog". I believe this collusive, manipulative nonsense will soon come to an end with the introduction of the Pan Asia Gold Exchange later this year.

The Battle Continues

I thought the Swiss were always supposed to be "neutral" in global battles for supremacy. Apparently not.

An Encouraging Thursday

It what can only be construed as encouraging action, gold flew back higher today, nearly to the level it was before the blatant manipulation of Wednesday. I'll be very interested in the OI numbers tomorrow to see if today was primarily due to continued short covering by The Cartel.

In The Woods

The overnight action is the PMs is certainly encouraging and it would seem as though the half-life of central bank gold intervention is now about as long as central bank currency intervention. We all know, however, that it is still too soon to let our guards down. The quick recovery may only serve to embolden our increasingly desperate adversary, so, much caution is still warranted.

WARNING

I think it's quite clear now why gold responded yesterday in the opposite direction from what you would have expected. With central banks actively managing a debasement of their currencies, we are now seeing them also attempt to actively manage a debasement of gold. Be careful. Be very careful.

Three Great ZH Reads

As most of us "met" each other through ZeroHedge, it's probably unnecessary for me to point out articles from there which you need to read and study. However, many Turdites are unfamiliar with ZH and most Turdites are often so busy that some of the days events are easily overlooked. Therefore, I present to you these three, terrific articles for your review and consideration.

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