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.

Utter Madness

HFT + QE∞ = Crazytown

Friday, May 8, 2020 - 10:31am

Only in the insane world of HFT machine trading and QE∞ would you ever expect a rally in the "stock market" and a selloff in gold based upon the worst monthly US job losses ever reported. But that's exactly what we saw today.

And again, this is NOT a function of fundamentals. As you...

Dumpless Thursday

At least so far...

Thursday, May 7, 2020 - 9:44am

So far this morning we have not seen the same old Comex dump that we've had to absorb on eight of the previous nine days. By no means are we out of the woods but maybe today will provide a brief respite.

So anyway, I hope everyone enjoyed the TC with Chris Vermeulen yesterday. He's a...

On Again With Max and Stacy

Thursday, May 7, 2020 - 8:51am

It's always great fun to be on The Keiser Report with Max Keiser and Stacy Herbert. In this episode, recorded earlier this week, we discuss gold, QE∞, China and stagflation.

As is the usual format, my segment is in the second half of the program. But you should be sure to watch the...

Eight Days A Week

Guess you know it's true.

Wednesday, May 6, 2020 - 10:27am

For what I believe is the eighth consecutive day, Comex Digital Gold prices were slammed again today just after the Comex open. It's so laughably pathetic to watch that it makes you wonder if the nonsense will ever end.

So what was the driving force today? Was it the ADP jobs report at...

Sell The News

Just another annoying Tuesday morning.

Tuesday, May 5, 2020 - 10:56am

The mining shares are all taking it in the shorts this morning after Newmont reported earnings that were a few pennies below "expectations". Will this make the entire earnings season a "sell the news" event? After the run-up of the past six weeks, that's certainly a possibility.


Weak Jobs Week

Monday, May 4, 2020 - 11:36am

It's going to be a long and volatile week, of that you can be certain. Since the Covid Crisis began and QE∞ was initiated, US jobs reports have consistently been used as catalysts for smashes and selloffs. Will this trend continue Wednesday, Thursday and Friday of this week?

If you...

The Socialist Worker's Holiday

Friday, May 1, 2020 - 11:18am

Since we're all socialists now, we might as well celebrate. Maybe take the day off and get hammered.

And after the utter criminality of yesterday, why the heck not? About the only thing good about today thus far is that it hasn't gotten any worse.

There are no free markets....

Simply Outrageous

Thursday, April 30, 2020 - 10:37am

After rising through the overnight, prices were poised to extend their gains this morning. And then suddenly, in a page right out of the old Cartel playbook, prices were smashed with a sudden burst of volume on no news. Just good old fashioned intervention and manipulation.

Of course,...

Ahead of The Fed

Wednesday, April 29, 2020 - 10:26am

There's really not much to say this morning as we are all waiting for the FOMC fedlines at 2:00 pm and the CGP's press conference a half hour later.

So what will the fedlines reveal? I suspect they'll state in one form or another the Fed's willingness to do just about anything...

Tuesday PoundTown

Your pre-FOMC smash emerges right on cue.

Tuesday, April 28, 2020 - 10:35am

In a not-so-surprising development, the Comex Digital Metals are once again being taken to PoundTown on a Tuesday. Additionally, price is being reset lower ahead of a major Fed announcement, which is the third time this has happened since QE∞ was announced on March 23.

So I guess, all...