Turd's in charge of the 12 & under soccer carpool tonight so just a quick update.
First, watch the overnight action very closely. On past American bank holidays where the PM price has risen, the metals have subsequently been raided on the Globex and LBMA, by The Cartel, in an attempt to immediately claw back the gains. President's Day in February and Labor Day last month come to mind. Additionally, someone blew out some silver right at the close...enough to drop price about 30 cents. Did the EE alert a few friends of their overnight intentions? We'll see...
For a longer-term perspective, here are updated weekly charts for you to chew on.
Lastly, I'm going to beg you again to spend 45 minutes watching this video from Ned Naylor-Leyland's "Sound Money" conference last January. IF you think you understand the gold market and IF you think that the action since Labor Day has been "a natural correction", you might want to take the time to watch. Frankly, if you're a Turdite and you haven't yet watched this, shame on you. This is information with which you simply must be familiar.
More tomorrow. TF
9:50 pm EDT UPDATE:
No real update. I just wanted to add this new video from loyal Turdite "Green Lantern". He took it upon himself to venture down to lower Manhattan to see what all the commotion is about. Below is his email "report" as well as a link to the video he uploaded to YouTube. Anyone else willing to do the same will get similar free press from yours truly. TF
It took me a little while but I took you up on your request for somebody to go down to the Occupy Wall Street protest and ask some questions. I just uploaded the video to youtube. Basically, the scene is just as you described. As a loyal Turdite, I represented an extreme point of view. The core group of individuals who were hunkered down is a relatively small group of individuals who you wouldn't call the working class but what we might have called "hippies" in the 60's. However, what I did like were the impromptu debates that just erupted on the sidewalk. For some reason, I imagine that's what it might have been like in Colonial days with small groups of individuals gathering on the street talking about the issue of the day. My experience with the NYPD was that they were very polite as long as you didn't interfere with traffic and other pedestrians.
Thank you again for everything you've done here. It's nothing short of a heroic initiative by a private citizen to inform others. You are indeed a revolutionary yourself. Sorry to hear of your loss and I hope you will take plenty of time for yourself. I'd very much like to offer you more assistance both financially and morally so I hope my little shout on the video and my poster at the end serve to lift your spirits. You have indeed influenced alot of individuals.
Peace to you and your family,
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