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.

A Weak Start To The Week

But it's not how you begin the week that matters...

Monday, August 3, 2020 - 10:42am

A number of items discussed in Saturday's podcast are playing out today...a reversal and surge in the POSX, CDG capped at $2000 in the Dec20 and CDS shoved backward from $25 again. But hold on. For the first time in weeks, we are seeing early weakness and you know that, with Friday a long way...

Painting The Monthly Charts

Friday, July 31, 2020 - 11:07am

It's the last day of July and, as things stand now, the monthly charts are about to painted with some very compelling green candles. You may recall that Comex gold posted it's highest ever quarterly close back in June...and you've seen what has followed in July. Well now, Comex gold is poised...

The Old Jedi Mind Trick

Is this the dip you've been waiting for?

Thursday, July 30, 2020 - 10:43am

In an unsurprising development, both Comex digital metals are down this morning with Comex Digital Silver off nearly a full dollar. But the economic news is dismal and nearly the entire commodity complex is red so it's not simply a case of another Bank smash.

Here's a snapshot of the...

Pre-Fedline Open Thread

It's going to be an interesting afternoon.

Wednesday, July 29, 2020 - 10:37am

It's July FOMC Day. Expect the Fedlines at 2:00 pm ET and a CGP presser at 2:30 ET. To kill the time between now and then, here's an open thread to discuss the possible outcomes.

Let's hope for the best and an extension of this great run that we're on. However, experience informs us to...

Comex Silver Hits $26

Monday, July 27, 2020 - 11:03pm

Another significant milestone has been reached.

First, it was Comex gold that filled the gap back to April 2013. Then it was GDX. We knew that GDXJ would come next and then the only hurdle would be Comex silver. As of tonight, it has finally happened....Comex Digital Silver got back...

What A Way To Start The Week

And what a time to be in the PMs!

Monday, July 27, 2020 - 9:49am

However, even with the new all-time highs in gold, it is just the start of another week...and it's going to be a long week with much more volatility (in both directions) than last week. So let's take a moment to celebrate the new ATHs but then let's get out collective heads screwed on straight...

New All-Time Highs For Gold

Sunday, July 26, 2020 - 11:05pm

Sabbatical or no, this historic event deserves its own thread.

It has been a long eight years...but here we are...with new ATHs in both front-month futures and spot XAU....

A Strong Finish

What a fun week we've had!

Friday, July 24, 2020 - 10:52am

It has been a tremendous week in the Comex metals with all of our July goals being attained...and then some! We are poised to paint some magnificent green candles onto the weekly charts and the ongoing strength perhaps lends optimism toward even further gains in the days ahead.


All July Goals Met

With a week to spare!

Thursday, July 23, 2020 - 10:01am

Back in mid-June, we began to lay out the forecast of a "strong July" with goals of $41-42 HUI, $20.00-20.50 Comex silver and $1880 Comex gold. After an early morning surge to CDG $1888, I'm happy to report that all those goals have now been met.

Does this mean that we're now all...

Another Beautiful Day In The Neighborhood

Wednesday, July 22, 2020 - 11:00am

It was another wild and crazy overnight as both Comex digital metals made new 2020 highs. While overboughtedness makes a pullback a certainty at some point, we are still smiling and feeling good about the week, the month and the year thus far.

So where do we begin on this fine...