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.

Another Glimpse of CGP

The fun starts at 2:00 pm ET

Wednesday, December 11, 2019 - 10:38am

Our purple tie buddy will emerge from his FOMC confab later today. He'll stammer and obfuscate in an attempt to swindle the mainstream masses into believing that all is well and that their Fed Masters have everything under control.

So you know what that means...HAT CONTEST! You've got...

On The Edge of Insanity

The madness never ends.

Tuesday, December 10, 2019 - 11:03am

How long have we dealt with "trade war" headlines and tweets? Is it over a year now? And there's no end in sight. This week, all of the algos react to anything related to tariffs. Next week, it will be back to phase one negotiations...and on...and on... and on.

In the absence of any...

A Busy Week Ahead

Monday, December 9, 2019 - 9:30am

With the BLSBS behind us, it's time to start a new week and look ahead to the remainder of the month. There are just three weeks remaining in 2019 and things are still progressing toward the targets we laid out back in January.

My hope is that you had a relaxing and pleasant weekend....

This Week with John and Steve

Another Batchelor-Cohen Cold War update.

Friday, December 6, 2019 - 3:57pm

It has been such a busy week that I completely forgot to post the audio of the latest Batchelor-Cohen Cold War update.

In correcting my oversight and posting this today, my hope is that you'll take some time to listen over the weekend...as I plan to do.


Peak Bullshit

Garbage in, garbage out.

Friday, December 6, 2019 - 11:13am

You've heard the theories of "peak crude oil" and even "peak gold". My friend Chris Martenson runs a website called "Peak Prosperity". And today we may finally reached "Peak Bullshit" with the release of a US jobs report that was jaw-droppingly outrageous.

Unfortunately, "peak bullshit...

Ahead of The BLSBS

Friday will be an interesting day.

Thursday, December 5, 2019 - 10:55am

It has been a long week of economic datapoints and most of them have been dismal to lousy. But tomorrow brings the monthly BLSBS which, of course, brings with it the possibility of increasing our gains or completely wiping them out.

Recall that Wednesday's ADP jobs report showed the...

Banks In Charge

Mr. Potter would be proud.

Wednesday, December 4, 2019 - 10:54am

The Banks are continuing their fight against price and momentum as yesterday saw another massive increase in total contract issuance. And now today, any sort of gold-positive news is being aggressively sold.

But it is what it is and it's not as if it has never been this way. What's...

On With The Jackass

From Jackass lips to your ears.

Tuesday, December 3, 2019 - 3:20pm

As you may have noticed, we did not have our annual Thanksgiving visit from The Golden Jackass. One of the reasons why is this recording today.

Jim has joined his own podcast network and I encourage you to check it out. And it was for this network that Jim and I recorded this...

Trade War Giveth

And it's leading to a breakout in gold that might actually hold this time.

Tuesday, December 3, 2019 - 9:58am

We've certainly had to deal with our share of "trade war taketh away" lately. So, when Trump suddenly began to squawk overnight about the likelihood of no deal with China, we got ourselves a bit of a rally.

So now the only question is...how far can we rally before Kudlow or some such...

Down Early, Up Late?

What's that old adage again?

Monday, December 2, 2019 - 9:52am

Could this be another one of those weeks where prices fall early in the week, only to completely reverse by late in the week and finish with a green candle? Let's hope so because we've certainly got the down early part going today.

And why are we down today? About all I can find is the...