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.

Will It Ever End?

Friday, October 23, 2020 - 10:58am

The answer is "YES" but that's clearly not happening today. So instead we will look forward to next week with a word of caution.

It has been a LONG time since August 6. We've tried to explain to you how this year is playing out almost identically to last year but that's of little help...

It Is What It Is

Thursday, October 22, 2020 - 10:25am

Yesterday, we caught what was obviously Bank capping and price manipulation designed to keep Comex gold from moving above its 50-day moving average. Having a decade of experience now, it's pretty easy to spot when you see it and it goes to show...again...that as of yet, nothing has changed....

The Plunging Pig

Is this year's autumn PM consolidation coming to a close?

Wednesday, October 21, 2020 - 10:17am

Where'd all the dollar bulls go? Just three weeks ago, they were everywhere! But now I click around on Twitter and there's hardly a peep. Maybe those smarty-cats aren't so smart after all?

Which makes me think of this. I recall posting this link two weeks ago when it appeared. While I'...


Tuesday, October 20, 2020 - 10:48am

We must be nearing the end of this year's consolidation phase as I'm getting close to my wit's end in terms of managing my way through the day. After weeks of complete HFT algo domination and linkage to the POSX, suddenly those machines have seemingly been switched off and now Comex gold simply...

Commodities Cometh

Monday, October 19, 2020 - 10:28am

As a new week begins, it's time to take stock of a surge in many commodities as of late as a post-Covid world begins to assess the implications of the ongoing and extreme fiat currency creation.

And this is a rather peculiar phenomenon because it's not just copper and crude and some of...

Just More Of The Same

Friday, October 16, 2020 - 10:57am

A long week draws to a close today and it appears that we will end in better shape than what might have been assumed back on Tuesday. And do not overlook the importance of the action yesterday where Comex gold and silver both moved up despite a rising POSX.

Again, we discussed this...

Criminal Indictment

Thursday, October 15, 2020 - 11:03am

With not much new in the precious metals today, I thought that we should focus again upon the rampant corruption and criminality inherent in our political system as well as our largest banks.

I suppose I could start with the whole Hunter Biden thing but that would swerve us off into...

Hints and Whiffs

Wednesday, October 14, 2020 - 10:13am

The first hints of the coming price inflation and stagflation are beginning to waft by. If you're able to tone down the noise and open your senses, you'll surely notice. Hopefully, TFMR helps with this as we prepare you for what is coming in the months ahead.

Yesterday's CPI was...

Tuesday With Greg Hunter

Wednesday, October 14, 2020 - 9:22am

It's always fun to be a guest on Greg Hunter's USA Watchdog channel. We recorded another segment yesterday and I think you may find it entertaining.

Here's just one snippet from Greg's summary. You can find the entire summary here:...

Another Day In AlgoHell

Tuesday, October 13, 2020 - 10:53am

So I guess this is how it works now. The POSX rallies back to reclaim 50% of its losses from Friday and this prompts enough algo selling that we lose 100% of Friday's gains in the Comex metals.

As you know, I've been doing this for nearly 10 years now. Over that time, I've seen all...