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.

Batchelor and Cohen Talk Turkey

An update on The New Cold War

Wednesday, October 16, 2019 - 4:09pm

With the US moving out and Russia moving in, another new chapter in The New Cold War is being written. In this abbreviated podcast, Batchelor and Cohen provide historical background and current perspective to the rapidly-changing situation.

As always, please be sure to listen. Nowhere...

Bond Market Buggers

And gold suffers the consequences.

Wednesday, October 16, 2019 - 10:52am

Despite a truly lousy US retail sales report, the US bond market is selling off again today and this is, of course, leading to an erosion of early gains in Comex Digital Gold, too. So what's behind this incessant bond market selling? It's impossible to know for certain but we can speculate....

The Boys Are Back In Town

Them wild-eyed boys that had been away.

Tuesday, October 15, 2019 - 10:36am

In deference to Thin Lizzy, whom today received a nomination to the Rock and Roll Hall of Fame, the boys are indeed back in town after the Columbus Day bank holiday and, once Comex trading began in New York, prices were smashed in their usual manner.

Wasn't Monday nice? Just some...

Bank Holiday

Could they take the whole week off?

Monday, October 14, 2019 - 11:04am

It's Columbus Day in the U.S. and all of the Banks are closed. This also means that there is no trading in treasuries or treasury futures, too. YIPPEE!! Is there any way we can get these freaking criminals to take the rest of the month off? It's awful nice not having them around!


TFMR Media This Week

Friday, October 11, 2019 - 4:00pm

Created primarily for newsletter subscribers, here's a free link to all of the media appearances we made this week.

Back on Tuesday, it was a pleasure to appear on the TD Ameritrade network: https://...

O Death, Where Is Thy Sting?

Friday, October 11, 2019 - 10:34am

What has been about the single most agonizing and painful week in recent memory for the precious metals finally draws to a close.

Oh my gosh, am I ever ready for the weekend! Consider all of the stuff that has happened this week which is VERY gold positive:

  • zero/negative
  • ...

China Syndrome Worsens

Radiation poisoning preferable to watching Comex.

Thursday, October 10, 2019 - 10:16am

Sticking with the theme of the week, The China Syndrome has reached its peak intensity today as Trade War peace talks begin in Washington. But Comex gold is getting smashed so it most all be going swimmingly.

This is so freaking ridiculous that it makes ME want to...

When QE Is Not QE

Symantic bullshit in the 21st century.

Wednesday, October 9, 2019 - 11:08am

What's that old saying about how if it walks like a duck and quacks like a duck?

I think we covered this pretty well in yesterday's podcast but just to be sure, let's try to summarize this again. Here's a tweet I sent out to the world earlier this morning:...

China Syndrome

Trade War peace talks are all that matters this week.

Tuesday, October 8, 2019 - 10:06am

After getting blasted lower yesterday on Trade War Peace Talk optimism, the Comex precious metals are spiking back higher today as that same optimism fades away.

So let's start there as that's the biggest news of the day thus far...knowing full well that it could all turn around with...

Trade War Peace Talks

And it's a long way to Friday...

Monday, October 7, 2019 - 10:30am

Later this week, the Trade War peace talks that were announced last month will finally take place in Washington. With a light week of economic data scheduled, these talks will be the key event of the week.

To be sure, tomorrow's PPI, the FOMC minutes on Wednesday and the PPI on...

BLSBS Nonsense

Just another day in AlgoHell.

Friday, October 4, 2019 - 10:37am

Regardless of the lousy report and the dismal hourly earnings numbers, the Comex digital metals were smashed following a magical reversal in the POSX. All in all, just another day in AlgoLand.

The headline number of the BLSBS came in below expectations at just 135,000 alleged "jobs"....

More Dreary By The Day

Ain't no stopping it now...

Thursday, October 3, 2019 - 10:38am

The US economic outlook has worsened considerably this week and this has led to a complete reversal in sentiment for both Comex digital metals. Of course, none of this should come as a surprise as the world continues along our 2010+9 path.

The big news today was the absolutely abysmal...

Reversing The Early Week

More than just a bounce?

Wednesday, October 2, 2019 - 11:09am

In what has been a rather consistent trade as of late, the Comex precious metals appear on their way toward a late week reversal of the early week trend.

By now, you all know the tried-and-true TFMR adage of "it's not how you begin the week that matters, it's how you end it". This is...

Batchelor, Cohen and "Ukrainegate"

John and Steve provide another informative podcast.

Wednesday, October 2, 2019 - 9:48am

After a multi-week absence, John and Steve returned last evening to offer a full account and history of Ukraine Crisis as well as their analysis of the latest Washington scandals.

This is a helpful podcast in that not only do Mr. Batchelor and Prof. Cohen provide background on the...

Gradual Stabilization

After four days of forced declines, prices finally stablize.

Tuesday, October 1, 2019 - 10:37am

After nearly ten years, it's tough to come up with new thread titles but I think that's a new one. Not that the Bank raids and smashes are anything new, just the thread title.

And that's precisely what this is...a Bank raid and smash. Last night, I had to review a few of last week's...