Your Fourth and Final Contest

Wed, Sep 14, 2011 - 9:54pm

So far, three contests and three winners. This last contest will be open all night and I'll review the guesses in the morning. Like the previous three, this contest ends when I post my regular morning update on Thursday.

First, though, a quick look at the charts. I don't want to spend much time on them, however, because they're so depressing and boring. Gold continues to be trapped under a descending trendline on the hourly chart. The only good news is that it's almost over. Soon, the lines will converge upon some serious support, first at 1810 and then at 1800. I'm still planning on the floor holding and launching gold higher by Friday or Monday. Silver has me a little nervous, at least in the short term. It is desperately trying to stay above the lower line of the channel it's been in since June. IF it breaks down, some stops will be triggered and you could see it move to 38 or so pretty quickly. Once again, however, total OI remains low so we can rightfully assume that silver is in some pretty strong hands. Any dip down toward 38 should be very short-lived and will present an excellent buying opportunity.


OK, onto our final contest. Traffic at this site has been very heavy since the day it opened in June. It dropped a little in July but has since gotten busier than ever. In our first 90 days, what is the total amount of pageviews? Not visitors. Not members. What is the total amount of individually loaded pages? Hint: The answer has two commas in it. I'm going to log into Google Analytics right after I post this so that I can get the official number. The Turdite with the closest guess by tomorrow morning U.S. time gets the last autographed yellow hat.

Good night and good luck. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


MetalMike flaunt · Sep 15, 2011 - 9:28am



Aztec02 · Sep 15, 2011 - 9:29am

My Guess is...


Jim-M TF · Sep 15, 2011 - 9:29am

RE: You're Right...

Hmm... if the attack comes at lightening speed, perhaps the support took what... 2 minutes to respond? Gosh, that is so, so off! Right.... (sarcasm here, folks).

Let's see... maybe 50% or more of us couldn't find support in an underwire bra, much less on a chart. So we're gonna be rude to Turd? Geeze. Not me. Thanks, Turd. I appreciate your guidance even for those six sigma events where you can't predict the future.

- Jim M.

StevenBHorse · Sep 15, 2011 - 9:29am



· Sep 15, 2011 - 9:30am

@ boy - We have a deal here

We have a deal here- Turd does his best to try and figure out the most knife-edge unpredictable markets on the planet, and we Turdites are responsible for our own actions. You know, like grownups. We expect his best efforts (and he delivers) but nobody with half a brain expects perfection. 

When you click 'buy', YOU own your trade- it isn't Turds, or Atlee's, or Eric O's... it is yours. If you cannot handle this without petulant recriminations, don't play.

StevenBHorse · Sep 15, 2011 - 9:30am



scone · Sep 15, 2011 - 9:30am

the only thing worse

 than having your bottom violated is being publicly ridiculed for it

lighten up, silverboy

Shill · Sep 15, 2011 - 9:31am

The Global Liquidity Bailout

The Global Liquidity Bailout Arrives: World Central Banks Announce Global Dollar Shortfall Funding Resolution

Really? Just when you think you have seen it all.

ewc58 · Sep 15, 2011 - 9:35am

So is this like a global QE program?

Yes it is, and everyone worth their salt from Santa to Turd to many others always knew the inevitability. QE to Infinity is not just a saying, it is now an economic model.

It's nearly back, and bigger, more inflationary, and more fucked up than EVER :-)

Ahh, it's a great day to be a PM investor and one who's totally immune to informational bullshit. Like there was ever a doubt here? This one wasn't even a toughie.

Shill · Sep 15, 2011 - 9:35am


This letter came in and confirms what I have been hearing from my sources in Europe, Japan and the US. We are near the end game.

Tesla · Sep 15, 2011 - 9:36am

Well said Misesfan

'Jerk' was too polite (but the Turd has class) you said it better! 

Not sayin' you don't have class... erm... That didn't come out right did it? Hmm?? Sorry!

@Scone... ROFLMAO - very funny man!

Tom L · Sep 15, 2011 - 9:37am
Michael222 · Sep 15, 2011 - 9:37am

The Global Liquidity Bailout Arrives: World Central Banks Announ

From ZH:

Anyone have any opinion what this means for the precious metals?

The Global Liquidity Bailout Arrives: World Central Banks Announce Global Dollar Shortfall Funding Resolution Tyler Durden's picture Submitted by Tyler Durden on 09/15/2011 09:06 -0400

Remember that dollar liquidity crunch Zero Hedge has been covering for the past month? Here is the denouement, in the form of the first global liquidity bailout of the world for 2011, on the 3 year anniversary of the Lehman collapse.

ECB Announcement:

15 September 2011 - ECB announces additional US dollar liquidity-providing operations over year-end

The Governing Council of the European Central Bank (ECB) has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year. These operations will be conducted in addition to the ongoing weekly seven-day operations announced on 10 May 2010. The schedule for these additional operations is as follows:

Tender date Settlement date Maturity date
12 October 2011 13 October 2011 5 January 2012
9 November 2011 10 November 2011 2 February 2012
7 December 2011 8 December 2011 1 March 2012

These will all take the form of repurchase operations against eligible collateral and will be carried out as fixed rate tender procedures with full allotment. Further information on tender procedures can be found on the ECB’s website.

Information on related announcements by other central banks is available on the following websites:

Bank of England:

Bank of Japan:

Swiss National Bank:

SNB Announcement:

The Swiss National Bank (SNB) has decided, in coordination with the Bank of England, the Bank of Japan, the European Central Bank and the Federal Reserve, to offer US dollar liquidity with a term of 84 days to cover the end of the year. These tenders will be conducted in addition to the 7-day operations. The first 84-day US-dollar liquidity operation will be carried out on 12 October 2011. Further information about the US dollar operation and the technical requirements are posted on the SNB website (

BOE Announcement:

In coordination with the European Central Bank, the Swiss National Bank, the Bank of Japan, and the Federal Reserve, the Bank of England is today announcing that it will conduct three US dollar tenders, each at a term of approximately three months covering the end of the year. These tenders will be in addition to the ongoing weekly 7-day tenders of dollar funding announced on 10 May 2010.

As before, these operations will be at fixed interest rates with counterparties able to borrow any amount against eligible collateral. The first tender will be held on Wednesday 12 October. Further details can be found in the Market Notice at

US dollar repo operations are subject to the terms of the Sterling Monetary Framework Documentation as supplemented and amended by the Supplementary Terms, which can be found on the Bank of England website at The US dollar term repo operations use the Narrow and Wider OMO Collateral pools, details of which can be found at

BOJ Announcement:

The European Central Bank, the Bank of England, and the Swiss National Bank have today announced the introduction of three-month U.S. dollar funds-supplying operations covering the year end.

The Bank of Japan has so far continued to conduct weekly one-week U.S. dollar funds-supplying operations and monthly three-month U.S. dollar funds-supplying operations. In coordination with those central banks and the Federal Reserve, the Bank of Japan announces here an additional schedule for a three-month U.S. dollar funds-supplying operation covering the year end.

Further schedule will be notified as decided.

1. Operational time table

2. Auction schedule (An auction on October 18, 2011 is added)

MisesFan Tesla · Sep 15, 2011 - 9:38am

I have class too..............

but no patience for little bitches............bitchez

Aronnax · Sep 15, 2011 - 9:40am

Turd's third bottom has held (so far)

My guess is 9,227,465 -- mainly 'cuz it's a Fibonacci number.

Large drops in silver are met with substantial buying, but not quite enough to counteract the slow, steady grind downwards.

What catalyst is needed to jumpstart this process?

Gberg · Sep 15, 2011 - 9:40am

my guess would be


Stormdancer SilverBoy · Sep 15, 2011 - 9:42am

Hey silverBOY


If you predict future

Submitted by SilverBoy on September 15, 2011 - 9:20am. Hat Tip! 0

you should take responsibility for that

Where is your prediction, boy? How long did you have to sit there staring at your screen before you could find something to use to make yourself feel like a man...if only for a few seconds?

If you're not willing to put yourself out there, you'd do well to STFU until you grow up.

Run along boy, adults who are fully capable of taking responsibility for their actions are playing here....something you obviously don't understand.

Piece of Gold - Peace of Mind · Sep 15, 2011 - 9:43am

Dollar dropping like a rock. 

Dollar dropping like a rock. How long can they keep gold/silver down???

needadeel · Sep 15, 2011 - 9:43am



RockinJohnnyT · Sep 15, 2011 - 9:44am

Contest 3


Fortinbras TF · Sep 15, 2011 - 9:44am

@Turd re; "the Great Predictor..."

Of course he has to be a jerk... he's made the "leap" from being dependent on the government to being dependent on you instead of embracing being responsible for embracing his/her own actions. F'em. He/she needs to man/woman up.

Virabhadra ewc58 · Sep 15, 2011 - 9:45am

Thanks ewc58

Global liquidity bailout, Quantitative Easing, Operation Twist/ head spins with all these euphemisms for money printing and debasement of the U$. Fun times indeed.

ewc58 · Sep 15, 2011 - 9:45am

Silver hanging onto 40 after a brief visit South

Freakin' Little Brother is stepping up big again! HiHo has shown incredible heart and guts the past 2 weeks, that is awesome!

Love you Silver, I BELIEVE in you.

Tesla · Sep 15, 2011 - 9:45am

Yes you DO have class MisesFan! (and style)

Very sorry! I do agree with you comment 100% 

Eric Original · Sep 15, 2011 - 9:45am

17 handle, one last time

IMHO, this is the last time we'll see a 17 handle on gold. I'd be buying more right now if not for the fact that I'm already in as deep as I can be (with any sense of prudence).

ewc58 · Sep 15, 2011 - 9:48am

forget Silver what's his name folks...

we've got a wild day going here.... Focus on what will make us FRN's to convert to Metal and shares.

· Sep 15, 2011 - 9:51am

Dollar going cliff diving

USDX just jumped off a cliff, down from 76.76 to 76.05... in 15 minutes. I know gold and silver have de-coupled from the dollar to some degree lately, but a move this strong should provide support for PMs at some point- soon, I think. 

I am adding here. Good trading, friends.

Sharer Tom L · Sep 15, 2011 - 9:52am

thanks tom. Appreciate your

thanks tom. Appreciate your reply.

love this site

Pam · Sep 15, 2011 - 9:52am



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