Your Fearless Leader

No, not The Bernank. The Turd!

Let’s go back over the last four weeks chronologically.

1) In early April, the Turd gives you $45 as a price target by May silver option expiry.
http://tfmetalsreport.blogspot.com/2011/04/others-to-watch.html
http://tfmetalsreport.blogspot.com/2011/04/greed-vs-fear.html

2) Then, last week, I began to warn you to be careful and to watch for the brief, sharp correction that was coming.
http://tfmetalsreport.blogspot.com/2011/04/something-to-consider.html
http://tfmetalsreport.blogspot.com/2011/04/easter-sunday-evening.html
http://tfmetalsreport.blogspot.com/2011/04/be-cautious.html
The Wicked Witch even chimed in and tried to warn you.
http://www.youtube.com/watch?v=WhcFI-vzNXk

3) Then, yesterday, when almost everyone in the media was trying to convince you to sell, The Turd stood alone and tried to reassure you.
http://tfmetalsreport.blogspot.com/2011/04/not-for-faint-hearted.html
http://tfmetalsreport.blogspot.com/2011/04/fastest-10-ever.html
http://tfmetalsreport.blogspot.com/2011/04/tricky-tuesday.html

So now here we are. Back to 1527 and 47.60. Feels good, doesn’t it?
If you read all the posts above, then you know by now that we should expect this rally to carry us through next week. Silver will test, and likely best, $50. It may even see $52. Gold, now that it is through 1520, will accelerate toward $1550.
Beginning the week of the 9th, pattern suggests that we should see about a two-week downward consolidation. After that is completed, the table will be set for the wonderful and record-setting opportunity that will be presented to us in June.

For now, here are your charts. Both look great. More later, after the contest concludes at 5:15. TF

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