Fast Market = Fast Update
No time for dillydallying today. Things are rolling so let's get right to it.
Let's start with our two base commodities as the PMs are definitely drawing some strength from them. As I type, Dec11 crude is up $2.41 at $92.61. DrC is charging higher again, too.
These two have given a boost to silver which is finally trading back above $34.
Gold is lagging just a bit but the chart suggests that it won't be lagging much longer.
That's all for now. I'll have a more detailed update after the close. TF
1:10 pm EDT UPDATE:
As this epic drop in the POSX continues, look for even more downside tomorrow. As noted in the post from later yesterday, once 76 gave way, The Pig looked to fall into the abyss. As you can see on the chart below, 74 looks likely as a short-term bottom.
Dropping to 74 tomorrow or next week would likely be the impetus for gold at 1780 and silver at 37. TF
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Comments
GO
Lets go already. times a waisting
The Ponzi Continues!
$1.4 Trill freashly minted cotton notes and Gold fucks off. Ponzi 101.
SGS, hello there. You aren't
SGS, hello there. You aren't really stressed about gold, area you? :)
The battle at 1764 will commence soon enough. Let her have a breather prior to that.
EU phoria
All the markets are feeling good on the back of the Greek bailout plan. Looks like everything is going to crank upwards for a bit.
Cotton
The touch, the feel of cotton, the fabric of our lives!! Mmmmmmm, smells so clean!
BSD
Nickel?
Does anyone keep an eye on Nickel?
I heard a new perpetual energy machine (the E-CAT) is being tested in Italy tomorrow and uses Nickel and Hydrogen to produce copper and heat (looks like will be back to steam engines again!)
So I just went all in long Nickel just in case our energy problems are solved tomorrow...... (I know, I know) but it would be nice though eh!
I guess a wee open crude short wouldn't be amiss to have tomorrow either!
cheers,
Fred
@spotgoldprice
Short at >$45
Like I commented awhile back during the dip... I don't see it going below $30 for too long, and if it does, buy hand over fist. Yeah we hit $28... then $27.. nearly $26 etc but still. You had to time that perfectly and it was almost always in afterhour trading.
I wouldn't buy this momentum, once it hits $40-$45 range I wouldn't be surprised to see it slammed right back down to where we are to try and create a faux trading zone. I will probably go short if it gets to >$45 within the next 2 weeks.
Then again I wouldn't be surprised if this shit just exploded to $65-$70/oz -- either way don't get caught with your pants down. Play the game that they're making you play, just be sure you stack physical too on a consistent schedule. This manipulation will eventually come to an end.
I'm just happy I bought at $30.
Disclosure: I will most likely NOT open a short position because I don't play around in the paper markets, but, I have tossed around the idea and I think that is where the next takedown will happen. They can't afford for it to hit its recent highs and if they did change sides to the long side of the trade, I don't think we'd be at $34 and change ... we'd probably be at $40 and change if not $50.
Just my two cents.
I had forgotten about the
I had forgotten about the 1764 angel! Breath gold, Breath!
What A Joke
A year and a half ago we were in the same situation with Greece. Then they "fixed" it. The market shot up. Now they "fixed" it again. Mr. Market, like a bunch of 7th grade girls, gets all giddy and goes flying up again. "We fixed it!!! We fixed it!!!" What a joke. I'm not really that excited about the move in gold and silver. Gold isn't moving. We'll see. My ridiculous guess that they will sooner or later print 10Trillion for the PIIGS isn't looking so ridiculous anymore.
Great Panther / Endeavor .......MERGER???
This will be interesting!
http://www.stockhouse.com/Columnists/2011/Oct/26/Mexico-silver-junior-seeks-victory
Regards, Chicken
Thanks for the Update
Thanks for the Update Turd
Appreciated
The E-CAT is supposed to be a
The E-CAT is supposed to be a catalytic fusion device (ie cold fusion), not a perpetual motion machine. Nickel and hydrogen are the fuel for the process, and copper is the waste.
Also note that the amount of energy produced is so huge that nickel would likely fall in price, as mining would become all but free. You could power your home for a month with just a single US nickel.
Speaking of majorhere's
Speaking of major
here's ISDA's input
FYI ISDA GGB CDS CYA | ZeroHedge
Check out the wings on TBT :)
http://www.marketwatch.com/investing/fund/tbt
Ag Fire - Ho Hum
Seems to me that Ag is simply following the rest of the commodity world today. Nice moves in energy (except natgas
) cotton, soybeans. Also like those moves in UST rates. Is reality getting a hat tip or is it just more EUR nonsense?
GROUPIES? I'd like some. How about at least we make SASHA TIREBITER the official Turdville mascot????
CPN, LNG is on a
CPN, LNG is on a move.
http://www.marketwatch.com/investing/stock/lng
good read....funny I just
good read....funny I just sold some of my EXK and bought more GPL.
Fast market = fast update = fast show
Greek news channel today:
RaRa
almost last post syndrome, again
Thanks Big T.
Appreciate the effort.
http://www.tfmetalsreport.com/comment/77501#comment-77501
Like Turd mentioned
higher highs + higher lows = bull market
Sometimes, it really is that simple.
Oh Sure
@Shill - all my gas in UNG
Charles hugh smith-EU Leaders
Charles hugh smith-EU Leaders Throw Europe a Plutonium Life Preserver
So if this is a EURO bailout
So if this is a EURO bailout then why is the EURO rising and the USD dropping?
Boo !
Trick or Treat...
1
Here's to you Angela Merkel
TY TF
Thanks for taking time to update on this crazy upswing morning. Go Metals Go!
______________________
http://www.wheelersilver.com
~Handmade Quality Bullion~
@Shill - all my gas in
@Shill - all my gas in UNG
Ahh I see, you have bad Gas.
Catholic Priest on "Vatican World Bank" Statement
Here's a good piece from the Wall Street Journal by an Austrian economics Catholic priest regarding to the so-called "World Bank" statement made by someone in the Vatican. Pretty good:
http://online.wsj.com/article/SB1000142405297020355410457665505260489018...
Fascinating comment from previous thread
Submitted by DarkPurpleHaze on October 26, 2011 - 9:11pm.
"The one thing that somewhat fascinates me and appears to be a game changer that we've possessed for quite awhile are the Predator drone systems in place and how they've evolved and what it allows us to accomplish."
Never mind the illegal assassinations and the thousands of civilian casualties.
Together with the almost daily peddling of the "Iran war" from articles by his friends over at Debka, the EE seems to have here a powerful ally.
25th Anniversary SAE Set to
25th Anniversary SAE Set to go on sale at the US Mint in 30 Minutes. Limit 5 per customer.
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=16626&langId=-1
Just doing some reading of
Just doing some reading of the GDP BS, and well a GDP of 2.5% on a $14.5T USA Budget = $400B profit. Our debt is $8B / day.
$400 / $8B = 50 days or less than 2 months. 10 months of the year is all down hill.
This is so lopsided, it is hard to believe the stock market likes 2.5%? We are at $14.95T in debt---about ready to surpass $15T in days.
Got Gold
SLV GOING VERTICAL!
a penny per second jump at +1.00?
wow... some silver short wanted to cover.
look at the time spent at +.95 .07
WSJ/Vatican Statement
Thanks for that useful clarification - I think these things are sometimes skewed to be totally different.
Jim Willie
Has there been any discussion of Turd doing a podcast with Jim Willie? I like the Contrary Investors Cafe interviews with Tekoa, but he usually just lets JW run solo for most of 45 minutes or so. Turd could guide the conversation more along lines of what he and TurdNation would like to hear from the man.
How about monthly or bi-monthly?
Charts in Colour=)
From yesterday http://www.economicfreefall.com/
Funny no one is talking
Funny no one is talking about the popping of the T Bond bubble today. Now that is big news as all those suckers who fled to bonds for safety are now going to be fleeing back to stocks!.
T Bonds are going to get ugly until Thanksgiving.
Got TBT? why yes, yes I do.
New Forum Topic
Please read and vote!
http://www.tfmetalsreport.com/forum/2805/sasha-mascot
We have all the groupies we need - now for something completely different - moderators take note.
She's going to $36 quickly.
She's going to $36 quickly. Where she is at right now, $34.80, should offer some small psychological resistance. Over that and it's to $35.80.
SLV $34
SLV $34
@Shill - never thought I'd
@Shill - never thought I'd see 2.3% again! Doesn't this mean Bill Gross may be a three-time loser!!!
Unfortuantely, I need about 3% to get back in TBT where I need to be.
Helluva call Turd...
1730 got slaughtered like the POSX! After lessons learned this summer, I'm still cautious when I see this stuff now. Can't shake that feeling that the carpet is about to get ripped out from below me by the EE, if ya know what I mean?
Resistance levels at 35,10 and 44,15 on silver
@Shill - never thought I'd
@Shill - never thought I'd see 2.3% again! Doesn't this mean Bill Gross may be a three-time loser!!!
Unfortuantely, I need about 3% to get back in TBT where I need to be.
3%? Your going to wait that long? Interesting. Anyway, don't think for one moment Gross was not talking out of both sides of his mouth. Gross is a big money man and an insider, I am sure this was a case of do as I don't not as I say.
Resistance levels at 35,10 and 44,15 on silver
Aram
I can appreciate your viewpoint and your beliefs. I'm not a war monger. Just a realist from this side of the fence conveying certain news from many, many sources.
I get where your coming from and the implications of war and the weaponry on citizens that live in those areas and that are affected. I get it. I however, will not stick my head in the sand and wish something away because it's ugly. I would be willing to bet that those who you feel are victimized by war (and rightly so) are the same people who you might wish had the same arsenal to use against those who now have it. I'm pretty sure that's rationale. What would the difference then be?
It's as simple as that. Mankind has always looked for a advantage over other tribes/countries and for the most part inflict their superiority in whatever area's it might be and they will continue to do so. Am I right about that?
As far as me being for the EE having a strong ally here, c'mon, get serious. If you don't like what I roll out here then IU me or scroll by or just state your position like you did. The comment you made where you took a little slap at me... I read it anyway and responded genuinely to it. No anger or animosity here.
I'm no EE plant or whatever some of you might think. Get over the fascination and IU me and move on. I did so with you awhile ago and just peeked because I had a feeling. I guess I was right and expected it.
Later on, fellow Turdite.
Getting into a cut and paste with me will be a no win situation and brings absolutely nothing to the thread except whining about previous posts.
The end.
@ Resistance levels at 35,10 and 44,15 on silver
Not for long. Resistance levels can be thrown out the window after the most recent takedown IMHO.
Resistance levels at 35,10 and 44,15 on silver
Sorry for both the preview message. I'm new here and trying to figure out how this works :)
This time this should be good.
Enjoy
DPH is a plant, just not the
DPH is a plant, just not the EE kind.
Head Fake
Be very careful on this mini rocket ride.......Nothing really got fixed across the pond. Euro pumping when it's getting devalued at the same time....we have seen this game several times.
Tis the season
to see the monsters in the closet. This is MSM kicking in?
http://www.cnbc.com/id/45032576/
Sticky Skunk
Selfish...that ain't right.