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.

Friday Open Thread

Friday, June 11, 2021 - 7:56am

It appeared that we would have a solid day today...and we still might...but an overnight rally in the POSX (which was really just euro weakness) gave cover to The London Monkeys for a $15 smash that has driven price back under $1900.

Here's the overnight action that was so utterly...

Only Price Dips Are Transitory

Thursday, June 10, 2021 - 9:57am

As we wrote last week for Sprott, it's not inflation that's "transitory", it is gold price dips. And we just saw another one today ahead of the May CPI.

So what was that anxiously-awaited CPI? See for yourself below:

*US May...

Soaring Bonds

Wednesday, June 9, 2021 - 10:56am

In what is either a short squeeze or buying panic, the bond market soared again today with some of the lowest yields in 100 days. So which is it because that's kind of important.

If it's a buying panic and sudden rush to "safety", what the heck is going on that we don't know about? The...

Banks Working Hard

Tuesday, June 8, 2021 - 10:44am

Oh my goodness. In what is clearly a Bank operation today, the price of Comex gold and Comex silver has been slammed backward on multiple occasions. How can we spot this Bank intervention? It overwhelms the bid that would otherwise support price when interest rates are down and the POSX is...

The Hits Keep Coming

Monday, June 7, 2021 - 10:23am

So we made it through BLSBS week only to be faced with CPI week. And, of course, next week is FOMC week. Since the music will continue playing, we'd better keep dancing.

And it's not just the CPI this week. Though the pending FOMC means that we don't have any Fed Goons to worry about,...

Another Weak BLSBS

Friday, June 4, 2021 - 10:29am

Yes, the BLSBS added 559,000 "jobs" but this is still nowhere near what the experts were predicting. What does this mean for today and what does this mean for the FOMC in two weeks? Plenty.

By now you've likely read the gory details. It was another month where expectations were for 800...

A Mad Rush

Thursday, June 3, 2021 - 10:55am

For over a week, we've been concerned that the overbought RSI in Comex gold was likely lead to a pullback and consolidation before the FOMC in two weeks. And now here we are. Why today? Let's talk about it.

It's really not that complicated, actually. In yesterday's podcast, we warned...

Two Weeks To FOMC

Wednesday, June 2, 2021 - 10:40am

We're now into June and it is just two weeks until the conclusion of the next FOMC, the Fedlines and Powell presser. There will be a lot of speculation between now and then regarding what will take place. We might as well join the fun and speculate here, too.

First of all, you can be...

Welcome To June

Tuesday, June 1, 2021 - 10:53am

We've promised you an exciting and volatile month and, if the first day of trading is any indication, it looks like we're going to be right.

I hope you all had a relaxing, holiday weekend. Yes, I know it was mainly a US and UK holiday. And yes, I know that there was some light trading...

Three Public Interviews

Friday, May 28, 2021 - 1:30pm

Each of these received solid reviews and, with a volatile and unpredicatble month of June ahead, I thought that I'd consolidate them into one thread so that you can easily listen and forward.

This first video was recorded on Tuesday with Andy Schectman and Jim from WallStreetSilver....