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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...

Feeling Good, Louis!

The Turd has had himself a couple of nice days. With Sep silver near 38.50, I gave you $44 by Labor Day. It remains to be seen if it will make it but I've already made a tidy little profit. Gold has been even better. I gave you a bottom near 1725 late last week and, since, gold has rallied over $60. That'll work for daddy, too. I sincerely hope you've been able to make a little fiat along the way, also. Now, the $18,000,000,000,000 question is...where do we go from here?

An Interesting Day Awaits

Well, what an interesting day we have ahead of us. The markets are once again in "risk off" mode as the S&P and commodities are down while gold is up. We've also got this Merkel/Sarkozy luncheon date taking place. Don't stray too far from your computer today as the action will be significant.

Three Overnight Items

Gold and silver performed exactly as expected today. Now that we're moving higher again, where do we go from here? The charts below will help.

Happy Anniversary

In case you missed it, today is the 40th anniversary of the decision by the great republocrat criminal, R. Milhous Nixon, to remove the U.S. from the "gold standard". The Turd was only five when it happened so I cannot be held responsible for my inaction.

A Look At The Latest CoT

The "Commitment of Traders" report is issued every Friday. It is a summary of positions from the previous Tuesday. Since it doesn't tell us about the most recent three days, it's not always the easiest thing to interpret. However, this week, several things jumped out at me and I felt they should be addressed.

Gonna Need More Hats

This week's contest has officially ended and, once again, we have two winners! Out of 300+ entries, we actually had two Turdites pick the same number and they both were only off by 10 cents. The winners are....

Emotions In Check

Man, these days are tough, aren't they? If you're new to trading and stacking the PMs, get used to this wrung-out and frustrated feeling. Because both metals are overtly and covertly manipulated by The Cartel, they are subject to these reversals that seem to come from nowhere. One day, you're right and everyone in the world seems to be catching on. But, on the next day, the C/C/C changes the rules in their favor and you tumble into the pit of despair. Have faith, my friends, as this too shall pass. Not without more wailing and grinding of teeth first, but, this too shall pass.

Bring It On Down To Liquorville

Man, this has been a long week. Craziness. Madness. Downgrades. FOMC minutes. Bank runs. Margin hikes. I can't take much more and we still have tomorrow to go. I may need to hit Liquorville tonight!

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