By Turd Ferguson | Tuesday, January 3, 2012 at 5:52 pm
The first trading day of the year certainly brought about some powerful rallies. As we've discussed in the past, trend changes can often be spotted in hindsight by looking for days where powerful, surprising rallies developed. Was today such a day? Only time will tell.
By Turd Ferguson | Saturday, December 31, 2011 at 1:35 pm
What are you doing, New Year's Eve? Well, if you're like me, you're cleaning the house on the orders of the Mrs. In between chores, however, I figured you might be looking for a distraction so I present these two items.
By Turd Ferguson | Friday, December 30, 2011 at 10:50 am
Just wanted to take a moment and add a few thoughts to the previous post.
I wrote that post late Wednesday with the intention of keeping it up all day yesterday. I had a hunch that The Cartel would try to gun the PMs yesterday and they did. Is it a concern that they were able to smash gold through 1550? Of course. However, it's not the end of the world by any means.
By Turd Ferguson | Wednesday, December 28, 2011 at 11:20 am
Because it's all just nonsense. The euro just dropped for no real reason. The incumbent rise in the dollar caused the metals to take the elevator down about 5 floors. Silver has broken through 28 and looks now to be headed toward 26. Maybe by next week we can begin to assess the damage The Cartel is inflicting. Until then, all we can do is watch.
By Turd Ferguson | Friday, December 23, 2011 at 12:12 pm
Has this ever happened to you? Your spouse or "significant other" tells you something like "let's not spend money on each other this year". Let's just get "one or or two small presents" and spend money on other stuff, instead. Then you wake up on 12/23 and find all sorts of presents with your name on them under the tree and realize that, instead of relaxing, you'd better get your arse back to the mall...fast! That's where I'm headed today but first, this quick update.
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