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.

Same Early Week Pattern

Once again, repeat after me...

Tuesday, January 21, 2020 - 10:46am

Following along just like last week, gold and silver prices were smashed overnight as soon as London opened...and then smashed again as soon as Comex opened today. And now, just as last week, we must remind you that it's not how you begin the week that matters...

You'll recall last...

Across The Board

Palladium and platinum lead the charge higher.

Friday, January 17, 2020 - 10:30am

It is another good day....and strong start to 2020...for all metals, not just gold and silver, as the rallies in platinum and palladium continue. And you know what they say about rising tides and boats.

Let's just dive right in. Here's the board as I begin typing:...

Kicking Off 2020 with Max and Stacy

Thursday, January 16, 2020 - 10:36am

It's always great fun to be on with Max Keiser and Stacy Herbert and this episode, recorded last Saturday, was no different.

So, since there won't be a podcast today, perhaps this can serve as some additional content. Max and I discuss gold and the miners in this segment which begins...

JBSFC in 2020

Batchelor and Cohen return.

Wednesday, January 15, 2020 - 9:50pm

Batchelor and Cohen returned last evening with their first Cold War podcast of the new year. The guys don't record these podcasts as frequently anymore so, when they do, you should be sure to carve our some time to listen.

Last night's episode was recorded following the final Democrat...

Stimulate This

More debt for an out-of-control system.

Wednesday, January 15, 2020 - 10:33am

Things were sailing along just fine this morning until news broke that Trump is considering an "election year stimulus plan". The Machines immediately began to sell gold but, since we are not machines, at TFMR we will consider the real world implications of this plan.

For now, it's all...

It's Only Another Tuesday

Keep your eyes on the prize.

Tuesday, January 14, 2020 - 9:54am

After ten consecutive green candles, an RSI peak of 83 and about $80 of war premium, no one should be surprised that Comex gold has continued to fall this week and we'd warned you on several occasions that this was a likelihood if/when the war tensions simmered down. So now let's take some time...

The New Week Begins

The old adage comes to mind...

Monday, January 13, 2020 - 10:00am

A new week begins and it will be a busy one. Not only are there lingering war fears, there will be renewed talk of "trade optimism" and a boatload of daily economic datapoints.

So we know where price is to begin the week. The question, of course, is where will price end the week?...

Shooting For An Up Week

The climb continues.

Friday, January 10, 2020 - 11:12am

It was been one heck of a crazy and volatile week and I, for one, am glad to see it coming to an end. What's most interesting, however, is that today's lousy BLSBS has given us a shot at ending with green candles on the weekly chart and that would be a very pleasant development.

So let...

Working It Off

This is not complicated.

Thursday, January 9, 2020 - 10:27am

Not in the Richard Simmons sense. Instead and as expected, precious metal prices are working off the "war premium" that was added between Friday and Tuesday.

It is CRITICAL that you understand this because I'm seeing all sorts of nonsense and deliberately-written bullshit on Twitter...

What A Night For A Nightmare

Wednesday, January 8, 2020 - 10:11am

So, is that it? Is it over? Have the MENA and world walked to the edge of the abyss, looked over and then walked back? Let's hope that's the case and we should know more as the day progresses.

As of 9:30 ET, here's where things stand...

  • The much-feared Iranian reprisal
  • ...