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.

All Green...Except For The PMs

Wednesday, April 14, 2021 - 10:58am

Another egregious price smash in Comex gold this morning has left the commodity board entirely green except, of course, for the Comex digital precious metals.

Man oh man, some days are more difficult than others. Though we've seen this countless times before, the brazen price...

Things About To Get Real-ly Interesting

Tuesday, April 13, 2021 - 10:42am

Today's CPI and, more importantly, the bond market reaction to it, are setting off a strong rally in the digital precious metals today. Why? Real interest rates.

I'll begin with a reminder of what we've discussed and mentioned for months....that inflation-adjusted or "real" interest...

Welcome To Monday

Monday, April 12, 2021 - 9:10am

For once, the week begins quietly with muted trading in London and a tight range on Comex. Chances are high it won't remain this way all week.

And there won't be much to move things today, either, save some Fed Goon appearance that I've not yet seen scheduled. If anything, the week has...

HFT Giveth, HFT Taketh Away

Friday, April 9, 2021 - 10:46am

It's another day in AlgoHell as HFT computers dump Comex metal futures following a much hotter that expected print of the March PPI. The Machines "see" rising bond yields and are programmed to sell Comex gold because of it...impervious to the bigger picture.

So we'll start there, I...

This Week's Media

All four links in one handy post.

Thursday, April 8, 2021 - 1:33pm

It has been a busy week in terms of interview appearances. Since you may have missed one or two...and since you might have an interest in forwarding some of the links...I thought I'd combine them all into one public post.

Most of the discussion focuses upon the #SilverSqueeze and the...

Needless Worry

Thursday, April 8, 2021 - 10:39am

In yesterday's podcast, I expressed my concern that the POSX was set to bounce and, by doing so, it would likely force the Comex metals lower. I'm happy to report today that I was all wrong!

What a pleasant surprise to wake up to today. After the gradual rise in the POSX late yesterday...

Goon Day

Wednesday, April 7, 2021 - 10:44am

Today is likely the most interesting day of the week with comments from FOMC members Goon Evans and Goon Barkin, followed by the 2:00 pm ET release of the March FOMC minutes. Can the Comex digital metals hold, consolidate and extend their early week gains? We won't have to wait long to find out...


Tuesday, April 6, 2021 - 10:51am

The Comex digital metals are attempting to rise and rally like the proverbial Phoenix or the ghost of Tom Joad. Is this rally sustainable. Can it lead to higher bouncing highs and and eventual return of Spec excitement and cash? Time will tell but we can always search for clues.


Here We Go With The New Week

Monday, April 5, 2021 - 10:53am

The new week begins in the same manner as the old one ended...with Comex Digital Gold pressing up against its Bank-enforced trend arrow. And today is particularly frustrating given the movement down in the POSX.

But it's going to be a long week and, as you know, no trendline can be...

Until The End Of The World

Thursday, April 1, 2021 - 10:48am

It's an important day for Christians. It's also April Fool's Day. Additionally, it's the first day of the new quarter. Can Q2 be better for us that Q1? Well, that's a pretty low bar to clear as it's hard to believe Q2 could be much worse.

We discussed all of the month and quarter end...