FUBM
Fuck You Blythe Masters
Coined by Turd Furguson on his widely followed precious metals blog - tfmetalsreport. It refers to Blythe Masters, the head of commodities at JP Morgan "JP Morgue", and so believed to be responsible for precious metals price suppression. The FUBM is a chart formation in which the price of silver takes a dip and then recovers strongly. The EE (Evil Empire) embodied by Ms Masters is thus thwarted in its sinister plan
The opposite of the FUBM is the FUTF (F U Turd Furguson), which happens when an EE raid takes place reversing the day's gains.
Coined by Turd Furguson on his widely followed precious metals blog - tfmetalsreport. It refers to Blythe Masters, the head of commodities at JP Morgan "JP Morgue", and so believed to be responsible for precious metals price suppression. The FUBM is a chart formation in which the price of silver takes a dip and then recovers strongly. The EE (Evil Empire) embodied by Ms Masters is thus thwarted in its sinister plan
The opposite of the FUBM is the FUTF (F U Turd Furguson), which happens when an EE raid takes place reversing the day's gains.
The Forces of Evil raided silver at precisely 8:20 EST, taking $0.11 out of the price in under a minute. As usual, they sat back and watched for five minutes and then struck again at 8:25, taking out another $0.11 in about 30 seconds. Not surprisingly, our BoS {Buyers of Size} seemed to be waiting to counter-attack and silver has since rebounded. Here's a pretty little picture of another, beautiful FUBM formation
