oops, wrong thread.

Turd, your analysis jives with the options buyers in GLD for Nov and Dec calls.

I smell some volatility coming soon to the upside.

First, I'm nowhere near my target - no rallies please - just her royal Blytheness squatting down on silver to chase it lower ;-) please...

OK, my turn to intro myself and stop lurking. I’ve been reading and learning here since the blogspot days when every 3^rd comment was about a post that didn’t go through. My opinions on a few posters have changed more than once, and it seems a bit voyeuristic to always read and not even say hi to Turdtown. I’m coming from more of a SHTF ‘prepper’ background than a trader background, but the market education I’ve been receiving from the good people here (and their many links) is great. Thanks!

I’d like to tip the hat first to Turd. Please don’t ever get discouraged about complaints about calls or timing of trades – I’m not going to do any of it and I find tremendous value in the community you’ve built. From the tradition of ‘first’, to the voluminous discussions of salmon and ham – it’s a cool place. I can’t name another on the internet that has more meaningful discussion and less pointless flaming.

Having said that, I’ll confess that I’m from the ‘harsher’ half of the dichotomy we seem to be witnessing recently. I’m glad the ‘kumbaya’ types have a presence – and our host seems to lean that way, so I’ll not rage on about my personal desires for TPTB’s fates’. I do, however, think that as each of us tries to develop a sense of ‘how awake are my peers?’, we each could use a sense of how many ‘out there’ might think our way.

So I’m raising up a flag to be counted on my ‘side’ of the divide. I’ll state that  a) government thugs have made a choice, and they are not innocent or excused by ‘duty’; b) leftists have implemented most parts of some very old communist plans for us – and it’s us or them. I think America (and I take no joy in saying this) is a carcass that various groups (think La Raza, etc.) will pull chunks out of in time. The constituents of Barney Frank and Maxine Waters and Barry Soetero will never be my countrymen. They are my enemy in a way that no Iranian could EVER hope to be my enemy. That’s my $0.02; and thank you all for your contributions. There’s really no other site like this.

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Sounds like an EXCELLENT idea to me !!!

Give me $20,000 (or even better GB£, but I'm not fussy) on the condition that I have to SPEND the money on goods rather than paying off my non-existent debt .... and you WILL see the velocity of that money increase to near-lightspeed on my way to the Local Coin Shop to create REAL value by buying Silver & Gold !  

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... The one small flaw in my cunning plan is the fear that this particular cripped old fart would probably get crushed by the LCS stampede of all the other fitter readers of this site.  ... Still, I reckon I could probably sabotage at least a FEW of you other old farts by hacksawing part-way through your crutches or letting all the air out of your wheelchairs.

Regards

Baldrick 

Could the waiting be nearly over? 'Cause the way I see it, the way-hay-ting is the haaardest paaart...

Ranting Andy: The Waiting

October 11, 2011

I wasn’t planning to write this morning, but as usual found something to RANT about.  

Following the commencement of OPERATION PM ANNIHILATION just HOURS after the Labor Day holiday, the PAPER gold market has been put back into its box.  That “box” is quite familiar to me, as I have been watching tick for tick for 9½ years, and see EVERYTHING the Cartel does. 

As I’ve noted numerous times, the gold market ALWAYS seems to be falling, yet rises every year, just as the Dow ALWAYS seems to be rising, yet never goes anywhere.

Read the rest of this entry »

priced in what ?

Hey guys just wanted you to know my Dad recently passed away. It's been a lengthy and emotional process. Don't worry I didn't get banned! Trying to stay caught up on Turd's missives. Other than that just trying to get by. May take me awhile to get back to major postings. But I'll be around. Laters.

I am so very sorry to hear that Doc, I will be praying for you and your family. We will all be around here waiting for you when you get back. Take care.

BSD

I believe they were talking about last January with respect to implementing the position limits. They couldn't do it then as silver prices had already gotten away from them. Thus, the May and Sept takedowns. Bought them more time to cover and made them a lot of money cleaning out the longs.  

Good Doctor, my condolences to you and your family.

DPH told me what happened the other day and it stung.  I'm terribly sorry for your loss and take your time.  It's not an easy process.  My dad's been gone for nearly 20 years now.

Be well good sir.

Ta,

sorry to hear about your dad here is wishing you well

lakemike

My father passed last June just three days short of his 93rd birthday.  My heart goes out on your personal journey.

Good to see you back on board. You know how I feel when we last spoke a few days ago.

I'm sorry if I leaked the news via PM to some of your friends on here. I kept it private as you wished but thought they would want to know.

Peace with you and yours Doc.

This gives a pretty good idea of how f*cked over the commodities and PMs are from a technical standpoint for a while. It wasn't just the damage done at the moment of Op PM Annihilation (h/t R. Andy :-). Oh no no. Now we're also locked into some ugly "X" day moving averages and bands as a result.

Who did it, or why this takedown occurred, is not this Ira guy's cup of tea. But I think he makes some good points about where it all leaves us in Au, Ag, and Cu. He says the Cu Bull is Oh-ver. Don't know about that call of his b/c I don't know if Ira accounts for the Big Picture, or even sees it. But his points do lead me to think I'll have lots and lots of time to listen to Tom Petty. More than I was looking for. I'll give 'em this, the EE has succeeded in temporarily making the exciting positively mundane. What a buzzkill.

Yeah well, don't take their bait. I contend this "boredom" is a Stage 2 thingy, a nasty one-two combo following the concentrated chaos that characterized Stage 1. Weeks of nuttin' meant to stymie and frustrate hopes of a quick turnaround in what (in most cases) have been horrifying paper losses.  Help those hopes ferment under pressure, and morph into vinegar and anger. Boredom meant to demoralize the faithful and knock any remaining adrenaline junkies and bandwagon jumpers clear out of the sector, having 'em swear off it forever as the door hits 'em in the ass on the way out of the joint.

Yup, same old shit. New wrinkle is all.  Boredom: another insidious form of Perception Management in service to the black art of so-called "Behavioral Finance" economics. 

Who knows about timing...?  But I'm calling the bottoms:

Au--$1477

Ag--$22.80

Buy when they hit.

- Farpdinkle

P.S. Good wishes, Doc

Good overview imo Turd, much appreciated.

I wish i were smart enough to understand all the OI stuff but I will leave that to others and abide by their interpretations. There's only so much time in life and I have only so much room in my petty brain.

So that would imply that the short covering taking place or that took place may have been attributed to the banks/hedgies knowing this way ahead of time.? Is that what just took place?

At this point, I've been conditioned to believe that the meeting will be postponed or something will come up that prevents the vote.  But if it does pass, does it get implemented sooner then that Jan. 2012 date or sooner I wonder. Nothing happens quicker then it needs to when it comes to "them" doing whatever it is they need to accomplish.

Has the last 3 years or so been nothing more then the EE  or JPM and the other  banks trying very hard to unwind that short position as much as possible, by any means possible?

Man, I can't wait to see this play out.

And some people wonder why I'm glued to the computer at times and so absorbed and into this stuff. Were in a moment of history that is so alive with both positive and negative energy that I can't help but be drawn to it. One thing about myself that I've learned throughout this is that I need to know what's going on and what the end game/desired effect might be in whatever issue that suddenly becomes the hot MSM issue.

I'm pretty sure that Iran is about to become front and center as they've just announced on National TV that they are  accusing Iran of that plot. Talk about getting flamed in public?

The Iranian and Chinese responses to their various irritations should be interesting.  Glad I held onto my USO calls. Maybe there is still hope for them.

Personally speaking, I would prefer for them to expire worthless if it meant no war would occur with Iran. However, hoping and believing in that would be like Obama riding a unicorn over a rainbow while eating a cupcake with a sparkler in it while "Hope and Change" glitter falls from the sky.

Just ain't going to happen.

Looking forward to our gov sponsored banker crooks getting out of the way so that these spot prices can rise once again. (Still expecting plenty of crooked market manipulations along the way though!)

I am sorry about your Dad.  Mine passed away about 5 years ago.  I know how you feel.  Take it one day at a time.  Keeping you in my prayers tonight.   TP  

So sorry to hear. Thoughts are with you.

Thank you very much.

I saw your reply from last night early this a.m. but kind of got distracted from replying.

I didn't pay too much attention to the markets today. It's interesting what you had to say up above.

Thanks for the link also. You wouldn't happen to have a daily or weekly schedule of when the various market openings and closing  do you? Not just the london or hong kong or ny but the crude price and PM's and BIS and all the other entities and markets of influence.

Most of those I know just like everyone else does but it's the other less known but equally or more important lending windows from the  Fed. operationsor other Central Banks. I don't know if it was on here or some other site where I happened to come across it, but I've seen a daily listing or itinerary that showed hour by hour what was open/closed and where and the relative importance of the institution or entity.  I never kept the link/artcile or printed it oput....damn!

Maybe someone knows exactly what I'm getting at.  It would be very helpful to all of us to keep in mind when we see some of these moves at certain times of the day like clockwork literally.

Good Doctor, passing of a family member is always very painful, emotional and very sad occasion. I just hope he did not suffer very long. His spirit is free now. He will always be in your heart.  It took me long time to get through it when both of my parents passes on. I heard a very nice thing that the Egyptian's believe in. "When you speak of the dead, for a brief moment they become alive ".  Now on many occasions when I speak about my mother or my father, what they said, or what they did, what food they liked or what TV show they enjoyed it brings me some comfort. Be gentle with your self.

Namaste

On to bigger and better things.

BSD

Deep condolences on your loss. I lost mine when he was 55 and I was 25. I was to young to even comprehend the loss at that time. None of our losses make yours any easier but you are in the good company of others here.

peace

Last nite I mentioned that Miners start reporting earnings 10/23. Da "Turd" mentioned HUI strength in his comments here.

I further stated that the "street" was using a 1440 average gold price for 2011 (its ~1550 right now and could be going up if gold stays at or above where it is now. ~$36 was used for silver. not sure how that works out.

Next, a major cost for miners is energy and thats drifted lower 3Q11.

So I would think miners should be reporting good profits and cash flow for Q3.

Now, we know that there are hedge funds that had long short trades on-short the miners.

We know HUI was in breakout mode a month ago before getting whacked (reminds me of a basketball player who has a breakaway to the basket and gets fouled hard going to basket)

So, whats the chance HUI was whacked to allow short covering just like silver/gold?

And whats the chance what we are now seeing is those in the know about earnings, assuming I am correct, "getting in" (or finished short covering) ahead of earnings ?