Top Hat Tips - Blog

Recent Hat Tips - Blog

57
53
42
39

TF Metals Report Blogs

Relief

At approximately 5:05 EDT, the Sep11 silver contract reached the $44 level. A few minutes later, it traded as high as $44.09. Thereby, another Turd prophesy has been fulfilled:

https://www.tfmetalsreport.com/blog/1993/silver-44

I'm just glad that's over with. I was in no mood to take another rash of sht from the losers at Kitco.

For Your Consideration

I felt I must add these four items to the site today and the only efficient way to do it is to start a new thread. My risk in doing so is that everyone will move onto this thread and ignore the two from yesterday. Please don't. The two from yesterday are very important and require your attention.

B.S. in T.A. with a Minor in Miners

I don't know about you, but I'm beginning to feel an instinctual pull toward the miners. They have beaten down for so long that they finally just feel like they're ready to go higher. My gut tells me that, having reached a point where their relative valuation versus metal is several standard deviations away from normal (whatever that is), something is bound to happen. My brain tells me that prices, some of which have fallen all the way back to pre-QE2 levels, are bound to turn around soon. So, let's take a look.

Saturday Charts

After a crazy and outrageously fun late week, it's time for a break. I'm trying to chill today and catch my breath but I'm having trouble relaxing. The metals, particularly silver, are poised to continue their relentless drive higher next week and I can't wait for tomorrow night so that we can get things rolling again.

Friday Fun

Looks like closing above $1818 was as significant as I suggested it would be but I doubt you're here for a history lesson. You're likely looking for insight as to where we go from here. As you might expect, I have a few thoughts. Let's get started.

Chugging Forward

In the commentary this morning, I mentioned how important it was for gold to close today above the highs from Wednesday of last week. It did it! When you consider that today also invalidated the "outside reversal day" that was painted last Thursday, you're left with an extraordinarily strong picture and one where gold is looking to head much higher from here.

Like Clockwork

Regular visitors to TurdWorld have noticed by now that The Fed has a way of "managing" SPIN and MOPE. For what seems like the umpteenth time, at a critical moment for the dollar, The Fed once again stepped in to create headlines designed to help it catch a bid.

This Could Be Significant

Check This Out!

I'm sure this is just a coincidence...<heavy sarc> <ON>

Wallowing In The Mire

What the true proverb says has happened to them: “The dog returns to its own vomit, and the sow, after washing herself, returns to wallow in the mire.”  2 Peter 2:22

Ole Turd ain't much of a biblical scholar but I'm pretty sure Saint Peter wasn't prophesying about the decline of the U.S. dollar when he wrote this. But...

Syndicate contentFront page feed