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.

Bouncy Wednesday

Wednesday, April 17, 2024 - 10:34am

The Comex PMs are bouncing around this morning as CDG looks to extend a four day winning streak and CDS looks to recover some of its losses from yesterday. So far, so good but there's a lot of day left.

One of the things we'll be waiting for today is the latest supply/demand report...

A Normal Tuesday?

Tuesday, April 16, 2024 - 10:07am

For a somewhat refreshing change of pace, the day thus far has been short on war headlines and long on market-moving economic datapoints....like the good old days of two weeks ago! Can the pause in the potential MENA doom-and-gloom continue for more than a few hours? Probably not so let's just...

No Rest For The Weary

Monday, April 15, 2024 - 9:43am

After a busy weekend, we start a busy week today with more economic data, more Goons than you can count and more fears of widening war in the MENA.

So, welcome back. I hope you survived your weekend as well as Israel survived Iran's rocket barrage. That event has now come and gone and...

The Sum Of All Fears

Friday, April 12, 2024 - 10:39am

The Sum of All Fears looks to play out this weekend and global markets are reacting accordingly. We can talk about prices and such today but perhaps it's more important to be reminded that now is the time to remain situationally aware and alert. The markets will still be here on Monday but,...

Guest Post: "Precious Metal Confiscations?", by AGXIIK and Renozep

Thursday, April 11, 2024 - 9:17am

It is a quiet day, at least so far. The latest PPI data came in slightly "cooler" than expected and it prompted a quick rally in the Comex PMs...a rally that just as quickly evaporated....

Jerry's Conundrum

Wednesday, April 10, 2024 - 10:26am

For now, our boy Jerry is having it both ways. He has driven the fed funds rate dramatically higher over the past two years but, on the surface, the U.S. economy has seemed to continue growing. But now inflation is returning and Jerry has said that any weakness in the labor market will bring a...

What Will Today Bring?

Tuesday, April 9, 2024 - 10:30am

Well, we've made it to Tuesday. The end of Ramadan and the start of the wider war in the MENA? Yes to the former and a maybe to the latter. What we do know is that there is no scheduled news today. No Goons and no data. But that all changes tomorrow so we'll see where we go from here.


A Crazy Start To A Crazy Week

Monday, April 8, 2024 - 10:01am

Oh my goodness. I know that Monday morning threads often state how the week ahead is going to be crazy or wild or volatile and, usually, they do turn out that way. This week promises to be all three... crazy, wild and volatile ...and it all began last evening at the Globex...


Friday, April 5, 2024 - 9:37am

Like it even matters anymore. Seriously. Just make up and print whatever number you want. A BLSBS that is way far out beyond even the most wildest of guesses? No problem. In fact, why stop there? Why not print 500,000 new jobs? Or 700,000? Like I said, it just doesn't even matter anymore....

Quick Update

Thursday, April 4, 2024 - 11:58am

Just a quick update this morning...while it's still technically morning.

I've been out all morning as it was time for my annual doctor visit and physical exam. All is well...at least I think so...but, if you're my age, then you know that you can only breathe a sigh of relief after you...