Turd's Blog

turd [at] tfmetalsreport [dot] com ()

Craig Hemke, aka "Turd Ferguson," was a licensed securities "professional" for nearly twenty years. Disgruntled by the fraud known as "financial services", he retired to a career as a serial entrepreneur in 2008. Though otherworldly in his ability to forecast price movements, The Turd is NOT a soothsayer, a psychic or a witch. After all these years, he simply has a decent understanding of the forces at play in the precious metal "markets".

You can reach The Turd by visiting the Contact page and selecting "Speak to The Turd" or you can simply send him an email at turd[at]tfmetalsreport[dot]com. If you are polite and not belligerently arrogant, he will probably answer you in short order. If he does not answer you, do not be offended. He's a busy guy and there are only so many hours in a day.

Krazy Kudlow Komes Klean

Thursday, August 13, 2020 - 10:57am

The Comex metals were already moving higher this morning when Krazy Kudlow appeared on CNBC and announced that much more federal spending was on the way. Not that that's a big surprise to anyone here but it did spark an inspired bid for Comex digital metal.

Here's a tweet that I sent...

Bouncing Along

Wednesday, August 12, 2020 - 10:41am

The Comex precious metals bounced hard overnight as expected. Now we wait, however, to see if the bounces can extend higher and through the end of the week. It's going to be very difficult to paint green weekly candles but we can at least hope for Friday closes back above key support.


On Again With Greg Hunter

This was recorded late yesterday afternoon.

Wednesday, August 12, 2020 - 9:44am

Late yesterday, following the massive smash in the precious metals, was a terrific time to visit again with Greg Hunter of USA Watchdog.

I was on with Greg back in early July and we discussed the Comex delivery stress and how this is likely to impact JPM's ability to manage the price...

A Rush For The Exits

Tuesday, August 11, 2020 - 10:33am

Though a pullback and consolidation has been expected, the rush for the exits today by the momo-chasing hot money is likely presenting an opportunity.

Yes, nominal rates are up. In fact, they're up a full ten basis points (20%!) in just two days:...

Another Long Day

Monday, August 10, 2020 - 9:28am

The Covid Crisis has been many things. It has brought death and sadness but it has also brought some unexpected happiness. For example, I thought that my days of having both LT#1 and LT#2 under my roof for an extended period of time had passed. Instead, from March to June, here they were. Well...

Misunderstanding the BLSBS

It's not always bearish anymore.

Friday, August 7, 2020 - 10:58am

For years, we've been conditioned to believe that a "good" jobs report is "bad" for Comex gold and silver. Why? Because it almost always was. But it's critical for you understand that, going forward, things have changed.

Now you might think...whaddayamean? The Comex metals are down...

The Underlying Trend Continues

Don't fight The Fed.

Thursday, August 6, 2020 - 10:59am

It would be a massive mistake to assume that this is easy and simple. It never is. However, since June 5...and particularly since July 17...the trend in real interest rates has been sharply lower and, as such, the trend in the precious metals has been sharply higher. For the short-term, these...

It's Coming. It's Most Definitely Coming.

Please be certain to read this post today.

Wednesday, August 5, 2020 - 10:11am

As you know, this current run in the precious metals was kicked off on July 17 with the publication by Bloomberg of a Fed policy trial balloon on July 17. And now another similar balloon has been floated today by CNBC. The time has come to stop calling these "balloons" or "suggestions". These...

On With SilverDoctors

A free, public video.

Tuesday, August 4, 2020 - 5:30pm

I had the pleasure of visiting again today with Paul at SilverDoctors. Since this was such a significant day in the precious metals...and since I was full of caffeine and more lucid than usual...I thought that this would make an excellent public thread for all to listen.

So, if you...

Yields Back to Record Lows

Tuesday, August 4, 2020 - 10:09am

So far today, U.S. treasury yields are pushing back toward the all-time lows seen last week. If this trend continues, it will most likely lead to even lower inflation-adjusted or "real" rates...and this will lead to even higher prices for both CDG and CDS.

Even ZH is already out with a...