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.

Record Comex Gold Deliveries

If they give it to you, take it!

Tuesday, March 31, 2020 - 10:46am

After the craziness of last week...and the sudden rush by the CME to approve London 400-ounce bars for Comex delivery...we figured that the Apr20 "delivery" process was unlikely to be the usual 10,000 contract game of charades. Boy were we ever right about that one!

Do you recall how...

No New QE This Week

Monday, March 30, 2020 - 10:16am

For the first time in three weeks, the week begins without a major announcement of a new QE plan from The Fed. Of course, since last Monday's announcement of formalized QE∞, there's really not much more they can say.

What a remarkable few weeks this has been. If you go back to the end...

Golden Oddities

What a week it has been.

Friday, March 27, 2020 - 11:32am

It certainly has been a wild and unusual week for the precious metals, particularly gold. And as we wrap up the week today, the action is seemingly even more confusing. What's going on and what might we expect next week?

So, anyway, it's another crazy day. The "stock market" is getting...

Two Recent Interviews

Thursday, March 26, 2020 - 5:05pm

There's A LOT going on and so much is happening very quickly. To that end, I know it's hard to keep up. So I thought I'd put together this public thread of two recent interviews.

The first was recorded Tuesday evening at the end of a very long day where the LBMA/COMEX actually walked...

Collapsing Comex Open Interest

A very interesting trend.

Thursday, March 26, 2020 - 10:55am

Even though Comex Digital Gold is back to multi-year highs, the total contract open interest continues to decline. While this may be mostly due to the pending "expiration" of the Apr20 contract, the drop from alltime highs is remarkable. Even more remarkable is the utter collapse in the total...

The COMEX/LBMA Teeters

Wednesday, March 25, 2020 - 10:46am

It now appears that there were, in fact, major issues with several bullion banks yesterday. Though trading is "back to normal" today, cracks in the facade have been exposed and more people than ever are coming to terms with the realization that gold and silver are priced through a fraudulent,...

$200 In 24 Hours

Tuesday, March 24, 2020 - 10:32am

Well, this has certainly been a week to remember....and it's only Tuesday.

Not really sure where to start this morning but I guess we'll go with this chart:...


Please read and forward this free public thread.

Monday, March 23, 2020 - 10:47am

What's the old adage about how "first they laugh at you, then they criticize you", that whole thing? Well, ten years on, all of our talk about The End of The Great Keynesian Experiment is seemingly playing out before your eyes. I hope you prepared accordingly.

Every Sunday, MrsF and I...

Free Audio and Video

Friday, March 20, 2020 - 4:24pm

Since the entire world is basically on lockdown this weekend, I just thought I might consolidate this week's media and interviews into one handy thread.

If you've made all your preparations to "shelter in place" for a while, then you'll likely need something to keep your mind occupied...

Into Week End

For the Comex metals, the week ends better than it began.

Friday, March 20, 2020 - 11:06am

There's not a lot to say this morning so let's just update the charts and look for some levels to watch into the close.

First of all, don't forget that the coronavirus does not change the calendar so today brings the once-per-quarter "quadruple witching". Again, what is this?...