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.

Bounceback Friday

Friday, May 22, 2020 - 11:56am

After the outrageous cap-and-smash of Tuesday through Thursday, it's nice to see prices back in the green today. However, keep in mind that Monday is a U.S. market holiday and Tuesday will bring Jun2o gold option expiration.

So what I'm saying is...next week will bring its own set of...

Banks Still In Charge

Are you suprised?

Thursday, May 21, 2020 - 11:04am

For anyone actually questioning whether or not The Banks are still in charge, the last 48 hours of capping and smashing should leave little doubt. While this does not mean that a complete crash in price is imminent, is should indicate to you that the fight for fair pricing is far from over....

Slugging Away at $1750 and $18

Hard caps in place...for now.

Wednesday, May 20, 2020 - 10:51am

Both Comex Digital Metals have run into some sticky resistance over the past 24 hours. Can these levels be bested as we move toward the end of the week? Will today's FOMC minutes move things either way?

But first today we have to get through an appearances by Goons Bostic and Bullard....

CGP and SSHW to Capitol Hill

Tuesday, May 19, 2020 - 10:27am

In a few minutes, both Chief Goon Powell and Secretary SmokinHotWife will appear before the US Senate Banking Committee. There will be a lot of talk about debt monetization and QE over the next few hours so let's hope this morning's bounceback in the Comex metals can continue.

As we...

It's Only Monday

Monday, May 18, 2020 - 10:49am

If you've learned anything about the Comex Digital Metals, then you know that it's not how you begin the week that matters. An early week beatdown has been the pattern all year thus far and here we are again.

And frankly, I'm sort of relieved that price has been smashed so hard today....

Soaring Silver

Friday, May 15, 2020 - 11:18am

We been waiting...and waiting...and waiting for Comex Digital Silver to follow Comex gold, the GDX and the GDXJ in breaking its 50-day moving average and then soaring higher. It certainly appears that this is finally happening.

So let's begin the day with an update of the primary chart...

Breaking Out & Widening Spreads

Thursday, May 14, 2020 - 11:20am

It has gotten late this morning as I've been busy recording this afternoon's Thursday Conversation podcast. And it's a good thing I waited as in the intervening time, prices have surged in breakout fashion.

Of course and however, this all comes with a caveat. These breakouts are nice...

The CGP Two-Step

Nice tie, though.

Wednesday, May 13, 2020 - 10:27am

Our old purple tie-wearing buddy made an appearance from his bunker today. He was quick to inform the world that we are all in dire straits, the The Fed stands ready to whatever whenever and that all of the Goons are unanimously opposed to negative interest rates.

And it's that last...

Fed Begins Buying ETFs

Turning Japanese. I really think so.

Tuesday, May 12, 2020 - 11:00am

Though the Fed Goons are out in force today with endless distracting headlines, the key event of the day is the beginning of The Fed's program of outright purchase of shares in select corporate bond ETFs. This significant expansion of their QE∞ activities was first detailed back in March but...

Goon Week

Monday, May 11, 2020 - 10:56am

It will be a busy week for economic data but an even busier week for the Fed Goons as the calendar includes nine speeches from eight Goons, including an appearance by Chief Goon Powell on Wednesday. In between we get the PPI, the CPI and Retail Sales, too.

With all of the Goon speeches...