Turd's Blog

tfmetalsreport [at] gmail [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.

More New Highs For Comex Gold

Wednesday, July 17, 2024 - 10:09am

Comex Digital Gold is higher again today after making new all-time closing highs on Tuesday. However, it's hard not to feel a little frustrated this morning as the POSX is off over 50¢ and below 104 yet the gains in CDG are somewhat tepid and CDS is actually down on the day.

But, you...

Open Interest And Price

Tuesday, July 16, 2024 - 9:08am

Another day of prices doing just fine in China and London, only to be beaten lower on Comex. The culprit/cover today was a better-than-expected report on retail sales in June. This spiked the POSX and led to an immediate drop in CDG and CDS...drops from which they've yet to recover.


Goons Galore

Monday, July 15, 2024 - 10:21am

After an eventful weekend, we begin a new week with a full slate of economic events on the agenda. However, the biggest event is likely to be political as the Republican National Convention kicks off today and concludes with a speech from a wounded Trump on Thursday.

Anyway, I don't...

Wrapping A Volatile Week

Friday, July 12, 2024 - 10:56am

What a week. Big down on Monday. Bigger up on Thursday. And now back down today as we wrap up a volatile and busy week.

The good news? It's Friday and, beginning this afternoon, we get two days off from the madness. The Comex PMs have been plagued by non-stop selling since about 11 ET...

A Four Year First

Thursday, July 11, 2024 - 10:18am

The month-over-month CPI printed a negative number today, marking the first decline in the headline number since May of 2020. Could this be a signal to Jerry and his Goons that the runway is clear for rate cuts beginning as soon as September? The "markets" seem to think so.

What an...

A Quiet Day...So Far

Wednesday, July 10, 2024 - 9:44am

Not much going on this Wednesday...at least so far. There's no scheduled news while Jerry heads back to Capitol Hill to repeat much of the same drivel he spouted yesterday. Prices are higher for now but. like a holiday session, we'll have to see if those gains can hold.

It is truly a...

Jerry To Capitol Hill

Tuesday, July 9, 2024 - 10:41am

Lots of interesting events this week but today's event of note is the semi-annual trip Jerry makes to Capitol Hill for his "Humphrey-Hawkins" testimony. What will he say and how will he say it? We'll know soon enough and the reaction in the POSX and Comex PMs will tell the tale.


Hump-Hawk Week

Monday, July 8, 2024 - 10:24am

We are back at Turdfork and back at work this morning, anticipating a busy week ahead as the Comex PMs attempt to consolidate the gains of late last week and then move forward toward the top of their current price ranges.

And it's going to be a busy week, as you can see below. The...

Straight Up BS

Friday, July 5, 2024 - 9:31am

Since the inception of this site back in 2010, we've referred to the monthly jobs report as the "BLSBS". Why? It's generated by the Bureau of Labor Statistics (BLS) and its nothing but statistical guesswork, which generally makes it bullshit (BS). In the fully-politicized election cycle of 2024...

Pre-Holiday Wednesday

Wednesday, July 3, 2024 - 10:07am

It's an interesting day in the Comex PMs as we have a decent rally going on as I type and the Comex will be closed tomorrow. Could we enter the holiday with decent momentum and see two positive sessions out of Shanghai before Comex trades again on Friday?

First things first...The...