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.

Payroll Preview

Wednesday, September 1, 2021 - 9:11am

We don't usually pay too much attention to the ADP employment report that precedes the BLSBS by a few days each month. However, with so much focus and emphasis being placed upon this Friday's US jobs report, this month's ADP is worth noting.

And it was a major miss. Expectations were...

Tuesday Shenanigans

Tuesday, August 31, 2021 - 11:12am

The price of CDG is being wiggled back and forth today as it's not only a CoT Tuesday but it's also the last day of the month. Again, though, all of this matters little with what's pending for later this week.

So, anyway, happy Tuesday. It's a mostly quiet news day with not much change...

Lotsa Data

Monday, August 30, 2021 - 10:44am

Back on Friday, Chief Goon Powell let us all know that he's ready to start talking about some sort of QE taper plan (which we all know is ridiculous) but that he needs to see more economic data that shows "substantial further progress". Well, he's not going to have to wait long as the week...

The Jackson Holedown

Friday, August 27, 2021 - 9:37am

Chief Goon Powell has sort of caught me in the middle timewise so I decided that I might as well just start this new thread before he speaks this morning at the virtual Jackson Hole meeting.

That list of Goons from earlier today has mostly been uneventful with some even leaning toward...

Goon Bullard Hypes Taper Talk

Thursday, August 26, 2021 - 10:55am

Did Goon Bullard just set the table for Chief Goon Powell tomorrow or is he just s symbol of the current dysfunction at The Fed? We'll know by tomorrow at this time.

So in just the past four weeks we've had:

  • Chief Goon Powell - dovish FOMC
  • Vice Chief Chlamydia
  • ...

Prices Tamped Back Down

Wednesday, August 25, 2021 - 11:00am

An overnight rally in the POSX was all it took for prices to be "tamped" back down today. Additionally, a clear effort to get CDG below $1790 into the PM Fux has served to set a lousy tone for the day. But it is what it is and none of it is relevant to the action pending for Friday.



Tuesday, August 24, 2021 - 10:29am

With just three days to go until Chief Goon Powell's Jackson Holedown speech, the Comex PMs are listless today as a low-volume, AlgoHell trade has taken over. It won't be this way all week as more economic datapoints are coming but it sure makes for a sleepy Tuesday.

Not that there isn...

Happy Monday

Monday, August 23, 2021 - 10:28am

Though I'm always a little suspicious of Monday rallies out of concern that The Banks are setting us up for a late week reversal, it's nice to see the Comex metals begin the week with a surge to the upside, especially when you consider where we were two weeks ago today.

And yes it was...

The Dead Zone

Friday, August 20, 2021 - 10:31am

Sometimes in The Doldrums, your mind starts to drift. I guess that's where I came up with today's title and, yes, that's Christopher Walken in the picture.

The title came to me first and then I thought...wait a second, I once saw a movie with that same title. I was in high school when...

Just Another Day In Paradise

Thursday, August 19, 2021 - 10:44am

Well here we are, another day in what seems like an endless string of lousy days that stretch back to last August. But like all downtrends, this one will end, too...eventually...just not today.

As we discussed again in yesterday's podcast, it's hard to see much significant movement in...