Turd's Blog

TF

Founder

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.

Hints Of A Change

2019 will not hold what the consensus is expecting.

By TF

It's a very busy morning. Lots of headlines and Comex gold saw some of the short squeeze we just wrote about back on Wednesday. But there are also some hints of a sea change of the sort that will drive prices back and much higher in 2019. Let's list a few of them.

As MrsF likes to say...

Chief Goon Powell's Conundrum

CGP has painted himself into a corner.

By TF

What to do if you are an overpaid, ivory-tower Fed Head? You want to keep raising the fed funds rate in order to benefit your owners but, at the same time, your higher rates are driving your stock market lower. Again, what to do, what to do?

Below you can see El Problemo. When the...

Spec Shorting Continues

The Specs are being set up again.

By TF

It may not be any sort of trend-breaking move but the Spec shorts are being set up again for another squeeze. It's simply a matter of when.

You'll recall that we first wrote about this two weeks ago, right before Halloween:...

The Masses Move Short

"The Computers" would be more accurate.

By TF

A flood of new Spec money is flowing into the short side of both Comex gold and Comex silver. I wonder how that's going to work out for them?

Before we get started, thanks again to everyone for your patience and understanding yesterday. Though I'm a little stiff after repeatedly...

Armistice Day

A good day to maintain perspective.

By TF

Today is the observed holiday of Veteran's Day in the US. I think the best quote I've seen regarding this holiday is "the best way to honor veterans is to stop creating them". I think we can all agree on that.

And this means that it's another of one those partial market holidays. The...

No Bed Of Roses

No pleasure cruise.

By TF

But we ARE the champions. And we WILL keep on fighting 'til the end.

And though that end seems so far off this morning, this is nothing more than another patience-trying exhibition of bullion bank price manipulation.

Once price was only allowed to rise $50 on the Managed Money...

Downbound Range

Comex Digital Metals remain unloved and unwanted.

By TF

Another day begins with a Digital Gold smashing right out of the Comex starting gate. And don't forget that there are a set of Fedlines due this afternoon.

So here we go again. This makes three days in a row and very nearly 4-4 this week....

Ready For The Gridlock

Ready to take it to the street.

By TF

Well, here we go. We've written since at least January that the US midterm elections would bring gridlock, endless investigations and declining confidence. We're about to see if that theory holds: https://www.tfmetalsreport....

Election Doldrums

It's not quite like the summer doldrums but today's action is similar.

By TF

It's not quite like the summer doldrums but today's action is similar. We'll likely sit and wait with prices in a range, all the while subject to sudden spikes and selloffs due to random headlines about turnout and exit polls. So, why not a Hat Contest?!?

Ummm, let's see...What can we...

Politcal Mania

Tuesday's US elections will have a major impact on gold.

By TF

The week begins with a U-turn on the chart. Is that what we have to look forward to this week?

In case you missed it earlier, here's a 5-minute chart showing the action/reaction to the Iran sanction news and other headlines:...

Guest Post: The Fourth Turning & The War of The Worlds, by Jim Quinn

Please be sure to read this today.

By Jim Quinn

Please be sure to take some time to read this today. Ahead of Tuesday's US elections, our friend Jim Quinn accurately and eloquently summarizes where we are relative to "The Fourth Turning".

...

Compost BLSBS

Comex gold prices rally following the latest garbage of the BLSBS.

By TF

Well, all things considered, when Comex gold and silver can shrug off a "strong and robust" BLSBS, then maybe things are indeed beginning to turn.

If you missed the news from earlier, here's the official summary from ZH:...

Green Day

Green across the board...at least for today.

By TF

It's always a big shock when you wake up tp find green all over your board. It's so rare, in fact, that I often take snapshots of it for eye candy purposes and use later....

Reloading The Specs

The charts are getting scary, too.

By TF

Just as we began to suspect on Monday, the raid/smash continues today with prices breaking down toward critical support where The Bankers hope to drive The Specs back into the short side of the trade.

And it's already happening. As we mentioned yesterday, with the price of Comex silver...

JBSFC and the US Midterms

Another update of events in the New Cold War.

By TF

With the US midterm elections less than one week away, it's only a matter of time before the howls begin that Russia "meddled" and "stole" the elections, particularly if the R-republocrats somehow manage to maintain control of Congress.

There's a lot of great history in last night's...

Turd's Blog

TF

Hints Of A Change

2019 will not hold what the consensus is expecting.