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.

Your Friday Post

Friday, October 22, 2021 - 2:36pm

A schedule change led me to begin creating this post just after the Comex close. And I suppose that's a good thing because whatever I would have written at 10:00 am ET would have been obsolete and worthless by 11:30 ET. What a Fd up Friday but it was a solid week, regardless.

So again...

The Red Sea

Thursday, October 21, 2021 - 10:57am

It's another sea of red across the commodity sector today which, I suppose, is to be expected after a decent first three days of the week. But we'll see where we go from here and the weekly chart-painting is still about 30 hours away.

I guess we'll start there this morning. There wasn'...

Mirror Image

Wednesday, October 20, 2021 - 10:47am

Digital metal prices rose early Tuesday, only to be smashed and driven backward in New York. And then...digital metal prices rose early Wednesday, only to be smashed and driven backward in New York. " They say our love won't pay the rent "....

Yes, that's a Groundhog Day reference and...

Dollar Down, Silver Up

Tuesday, October 19, 2021 - 10:59am

We've all been patiently waiting and watching. It seems like every day for the past few weeks I've posted charts that (hopefully) foreshadowed a pullback in the POSX with the idea that this, in turn, would lead to a rally in CDS. And now today, here we are.

Actually, it was just last...

Bonds Shaken and Stirred

Monday, October 18, 2021 - 10:46am

The new week begins with spiking bond yields and more hints of stagflation. That's a pretty toxic economic mix in the long run but, so far today, the impact has not been overly dramatic.

That's not to say that the Comex PMs aren't down. Of course they are! Comex gold has been down...

Our Loathesome Foes

Friday, October 15, 2021 - 10:33am

The Evil Ones. The Forces of Darkness. The Evil Empire. The Banking Cartel. We've called them many names over the years, all of them appropriate. And today, they struck back right on schedule, in their desperate effort to maintain the 2021 downtrend.

How many times have we seen this...

Follow Through

Thursday, October 14, 2021 - 11:01am

In Wednesday's podcast, we shared some charts that revealed how important today and Friday will be for sustaining any momentum toward a trend change and breakout. The good news is...at least for now...things are heading in the right direction.

So here we are on Thursday with just 30...

CPI Madness

Wednesday, October 13, 2021 - 10:36am

It has been a wildly volatile morning following the release of the latest US Consumer Price Index. There's a lot to talk about so let's dig right in.

Let's start with the CPI, itself. As you'll see, the "transitory" narrative took another hit. Many were expecting at least a...

A Late Start

Tuesday, October 12, 2021 - 11:21am

As discussed yesterday, an outside appointment has put me a bit behind schedule today and thus this later than usual morning post.

And I'm not the only one behind schedule today. One could make the argument that if, indeed, The Fed was dead set on starting to taper their QE program,...

Bank Holiday

Monday, October 11, 2021 - 10:34am

It's Thanksgiving Day in Canada and it's Columbus Day here in the US. This means that all banks and .gov offices are closed today...which makes for a quieter-than-usual start to the week.

And you might enjoy the relative quiet today because it's not going to stay this way. Not only do...