Grecian Formula
Do you have the feeling that gold and silver were going to get pounded, regardless of how the Greek elections came out? Me, too. And after all the finagling, dealing and double-crossing, did you actually think that the European central bankers and politicians were going to leave anything up to chance? Me, neither.
So, after all the hand-wringing and angst, the Greek people "voted" for austerity. Rrrright. I'm sure they did. It hardly matters, anyway. We've got much bigger fish (and frogs) to fry. The negligible rally in the euro tonight bears this out.
In an absolutely stunning development, gold opened at 1630 and silver opened at 29 before being mercilessly attacked by The Flying Monkeys. Fortunately, buyers once again emerged at the levels where they have been materializing for the past week or so, namely 1610 and 28.30. Let's hope this continues overnight and into Monday.
Attention now turns to the FOMC meeting on Tuesday and Wednesday. ( http://www.futuresmag.com/2012/06/15/fomc-feeling-pressure-for-more-easing). God only knows what those bastards have in store for us this time. The way The Cartels have been using any Fed statement or non-statement to jam the metals lower means that it might take a formal announcement of $20T in new QE to make gold uptick at 12:30 on Wednesday. We'll see.
I'm going to be out for most of the day tomorrow as I am playing in a charity golf event. I'll probably have another new thread by about 4:00 EDT. Until then, hang in there and keep the faith. I am still of the ardent belief that this summer (June 21 to Sept 21) is going to see some explosive moves in the metals, particularly silver. Keep the faith and BTFD.
TF
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Comments
Colloidal Generator
There are lots of tutorials online just google (or whatever search engine you prefer) "colloidal silver generator". All you need is distilled water, .9999 silver, 3 - 9 volt batteries, the connectors available at Radio shack and very little mechanical ability. The "turning Blue" thing is very rare. As with everything in life, just don't over do.
edit: I'm doing this on my phone from work or I'd google it for you. Hard to get links this way.
@saratoga
thanks for the info , off into search land...
Silver Sick
Been cleaning old silver pieces lately, and I've just gotten pretty sick. So there's one stroke against that theory.
Might have been because I attended a friends wedding and spent the weekend waaaaaay too deep in the cups though.
30,000 drones
recaptureamerica put up an article about the likelihood of 30,000 drones over the U.S. in the next 10 years. That got me thinking about Google, and its "accidental" capture of Wi-Fi and MAC data as they "photographed" homes around the world for GoogleEarth. I'm certain the technology for data capture is better now, and that each of those drones will be equipped with more than a camcorder. This is just getting to be too damn much.
@Dr G - I'm not so brave that
@Dr G - I'm not so brave that I make frequent calls about future PM action, but the trading pattern of the past week makes me wonder if some algos are stuck or the eastern buyers really have western PM exchanges by the short hairs.
The pattern has been "V" one day after the next. The prices are driven up with eastern purchases, then smashed after the London fix at the COMEX. However, buyers always seem to trickle in at the COMEX during the morning so we finish up close to where we started and then eastern buying starts again. The machine is stuck.
So I'll go out on a limb - we continue like this until there's no more physical in London, or a big black swan finally flies. I just don't see another big smash below 1575/27 as an option. That's how I see it right now FWIW.
And with that said
...look at silver.
@ S Roch RE Ted Butler
S Roch said...
"am I wrong in my view that TB's piece was opinion, no conclusive evidence and nothing that would convince a court?
The client may be China... which scandal would be preferable?"
I think Your right about the piece being opinion, also I think that is partly Ted's point. If someone was to spread spurious accusations about JPM, CME, their respective legal teams would have that individual cease and desist via court order.
This has not occurred hmmn...
30,000 drones.
I wonder how much silver will be used in their circuitry? Every cloud (of drones) has a silver lining.
Radioactive buckyballs from Fukushima invade California beaches
http://www.naturalnews.com/036204_Fukushima_radiation_California.html
What, exactly, are those? According to a recent University of California - Davis study, in this case the term refers to uranium-filled nanospheres which were "created from the millions of tons of fresh and salt water used to try to cool down the three molten cores of the stricken reactors," said Michael Collins, of EnviroReporter.com - not the small, magnetic balls that cling to each other.
The tiny, stout buckyballs - which resemble soccer balls - are said to have been formed when water hit the super-heated, primarily uranium-oxide, fuel in the damaged reactors at Fukushima. "In this goo buckyballs are formed, loaded with uranium and able to move quickly through water without disintegrating," said the report.
While experts in the mainstream media debate whether any toxic levels of radiation are already bombarding the U.S. West Coast or if it is on its way, what is known is that radiation, in some forms, has already made it to American waters.
@#47
I was thinking more like a lead lining......for my roof.
...look at silver. Yes, but
...look at silver.
Yes, but still below (at the moment) where it opened on Sunday evening. These days it's like 1 step forward and 2 steps back. Great buying opportunities here.
And do we have any doubt that silver will be smacked lower as it approaches $29? Of course not.
@Urban
>Well, the TPP is simply China applying its labor and environmental standards over here. If you like that arrangement, just keep shopping at Wal Mart and ignore the giant sucking sound... China needs the money for its space program.
I didn't think China was involved in the TPP at this time, and if they were to join, it would not be any time soon.
I think a big smack-down is coming again
As much as I hate to say it, I can't see any way that we are not going to get a big smack-down starting on Wed. The problem is that right now PMs are the sector most corrilated to QE3 hope. I don't think the Fed is going to say QE friendly things on the 20th and here is why:
If Wed is not QE friendly, longs are going to bail and the cartel is going to strike. I wouldn't be surprised if we pierced the lows and got down into the 23-25 dollar range within a week after the main smack down.
Someone please prove me wrong (please!).
More Rickard's
As GL has stated many times recently this guy, for whatever reason has gotten more right than most. I was thinking about his recent remarks.
1) nothing happens in Europe to after Greek elections. Btw, he said Greek fears will be over on 6/17.
2) Europe still has cards to play. ECB will cut rates June/July.
3) Fed will do nothing at June meeting. They will wait for August/September. I think Kreiger recently wrote the Fed doesn't need to goose the economy for the fourth of July, they need it Labor Day going into election. It also seems to make sense to me, that last year Labor Day marked the top as you may recall. Maybe this year the opposite will be true and that's where the metals and the markets take off due to QE3.
4) He said the economy in 2012 will be a repeat of 2010/11. Year started strong and then weakens.
5) Some here have made mention of the new BIS rules change that will include gold as a Tier 1 asset. Rickards flatly came out and said it wont happen until 2017 and that will not be the reason for golds future price/move. Once again he speaks in absolutes (very interesting).
6) A big part of his talk was about the 3 historical currency wars that have/are taking place. I think a lot of it follows his book. CW #1 was from 1924 to 1941. CW #2 was from 1967 to 1987 and CW #3 started in 2010 and he thinks it will last 5 to 15 years.
The key to #3 he said was in Obama's State of the Union Speech 2010. He said that the US would double it's exports in five years, called the National Export Initiative. How can US do that while it's manufacturing base has shrunk so much?
Not sure if the rest will translate:
GDP= C + I + G + ( exports-imports)
C is weak, I is weak and G was huge in 2009/10. Now we have none. No new big debt (qe3) equals no growth.
7) So there are two ways to get growth. MV=PY
Money supply x velocity = inflation/deflation x real growth
Since velocity is dropping like a stone, the only way to get the result is to increase the inflation. They may not want to do it that way, but they will accept it if it is their only alternative.
So, they can get to their 5 year growth initiative by doing it two ways
a) The preferred method of 1 part inflation and 4 parts growth or
b) The way they have to accept of 4 parts inflation and 1 part growth.
8) He also said the Euro solution in five years would be that the labor costs go down drastically in all the weaker peripheral states while Germany will tolerate more inflation in labor,etc.
Seems like he has an exact time line drawn. How do he know
?
In conclusion. Besides the fact that he has been on point more than most, the way he delivers the info with such certitude really gets my spidy sense up. Bueller, anyone?
@Katie Rose
The key though, is that the Aristocracy did not have the same exposure to rats as the proletariat. And that's why they didn't get sick.
The plague could have been nipped in the bud by importing a whole ton of cats!
SECOND of all, when will this
SECOND of all, when will this crap finally end?
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When someone with enough power removes ALL silver from the financial markets. Otherwise, you're dealing with militia action. No other option.
--------------------------------------------
"I am still of the ardent belief that this summer (June 21 to Sept 21) is going to see some explosive moves in the metals, particularly silver. Keep the faith and BTFD."
Well, with all the JPM and CCC action it will take QE3 to move the needle to the up, nothing else is going to overcome the "synthetic gravity " that the PMs have.
Nothing Else...and I think we all know that it isn't coming if at all til after NOV......I see a major beatdown coming in PMs this week ,we are going to test the lows.... just my pessimistic 2 cents.
-------------------------------------
Planters, you're right. Turdy, wrong... I still stand by my assertion that silver will not start approaching $35-40 until later this year and maybe reach $50 NO EARLIER than April of 2013. It might not even get there until April 2014 or a little earlier than that. Otherwise, MASSIVE QE has to take place or Euroland collapse or even civil war in Europe would have to take place to change my outlook. Turd, it's SUMMERTIME. This is usually what the metals do. Do a 34-year chart on silver data to arrive at the seasonal patterns of silver prices. Now, BTFD is the right thing to do and the BEST thing to do right now, buy at these prices while it's still available.
@pforth
I think they increased short positions just because they want to keep silver price low. I think they don't care about profits in silver market at all, if they did they would be LONG silver. Also they will easily cover those naked shorts when the right time comes, just double/triple/quadruple down on longs and that's it - shorts are covered.
@SE
You will be proven wrong in short order and look completely inept in the process. Your predictions are useless. Turd will be right and your post will be fodder to show you just how wrong you were. I am sick of useless posts trying to discredit Turd.
silver up
If information about new silver PAGE opening on June 27 is correct then I guess we will see $35 pretty soon :)
With all the talk of the curative properties of silver...
...for "old times sake".
@Murphy
Where's the source for this Rickard's speech/interview? I'd like to listen.
I read currency wars and think it's a great read with a ton of valuable info/perspective. That said, I don't necessarily think Rickards speaks in absolutes because he KNOWS. I think its more because he is a know-it-all. He's kind of an intellectually arrogant dude.
Collodial Silver
as antibacterial but careful, read about it, it's not a daily cure all.
First Majestic sells online and is also one of the few miners I still own. Down to a dozen after owning 100+. Cut my losses recently and now focused on the few, time will tell how they perform.
http://www.store.firstmajestic.com/
And finally...
@SE
>Otherwise, MASSIVE QE has to take place or Euroland collapse or even civil war in Europe would have to take place to change my outlook. Turd, it's SUMMERTIME. This is usually what the metals do. Do a 34-year chart on silver data to arrive at the seasonal patterns of silver prices.
During an average summer sure. But this particular summer is occurring during the biggest financial/economic mess in more than 100 years. Do you really think it will be business as usual? That's a pretty big assumption to make.
The odds of massive quantitative easing prior to April 2013 is 100%. UNLESS, TPTB decide they want a deflationary depression instead. The way the derivative market is currently structured internationally, limitless money will be required to hold that off, as it is imploding.
Bam
It was from a webinar on 5/31/12 and they replayed it on 6/5. Don't know if there is a transcript of
it.
http://www.bmgbullion.com/bmg.pl?rm=show_event&first_step=1&scheduledeve...
What bothers me is even if he DOES know, why is he giving us the correct information? That's not the way they operate. I always go by the old adage, "if a banker said it it's a lie". Same for any information someone from connections on the inside of the government. But there are so many dots that you can connect with him.
In 2009 he partakes of the war games he wrote about. In 2010 he did that talk at John Hopkins Applied Science, etc, etc.
So I will ask again, why is he/they giving us the right information now?
You will be proven wrong in
You will be proven wrong in short order and look completely inept in the process. Your predictions are useless. Turd will be right and your post will be fodder to show you just how wrong you were. I am sick of useless posts trying to discredit Turd.
----------------------------
Then goddamn it, make it fucking happen! I'm tired of this waiting. I want out of this goddamn nuthouse city. I hate it!!! I want it to go up massively so I can pay off everything and get the fuck out!! I'm tired of living away from family. I'm tired of living in a place so hot you can't really go outside to enjoy the scenery and camp during the summer.
It's not that I don't like Turd. I have done research for several years and learned to time my purchases based on my information. If I had been able to keep going, I'd be buying every damn week, and would have ever since it went below $33. This is the best time to buy now, like Turd IS saying. But no, I've got all this SHIT piled up on me, like my vehicle payment to replace a ruined vehicle, medical bills, and bills to replaced broken stuff that I have to use. You haven't read what I said. I SAID of the event that Turd that is talking about has to happen. Without it, my view stands. Just watch...
But goddamn it, make it fucking happen. I'm tired of this fucking waiting. I have bought and waited for 8 years! Last year I went on a trip to the west, for nearly a month, and I almost couldn't come back here mentally. It was two days before I could turn on the computer, and fortunately, I didn't have to go to work for another 5 days post-arrival. It was about 2-3 weeks before I could transition back from living on my phone to my computer, and nearly a year later, I still have the habit of doing most of my replies on my phone and downloading the emails to my computer every 5 days or so. That hadn't happened before. I'm afraid this time, I will end up stuck in the north and unable to bring myself back here and end up putting everything into storage, quitting my job, and going on the road. I'm tired of this place. It's a fucking nuthouse!
Please! I don't have issues with anybody here, but I hate where I am and how stuck I feel. I want out!
During an average summer
During an average summer sure. But this particular summer is occurring during the biggest financial/economic mess in more than 100 years. Do you really think it will be business as usual? That's a pretty big assumption to make.
The odds of massive quantitative easing prior to April 2013 is 100%. UNLESS, TPTB decide they want a deflationary depression instead. The way the derivative market is currently structured internationally, limitless money will be required to hold that off, as it is imploding.
---------------------------
That's the problem! It's these GODDAMN bankers. They're ALWAYS figuring out ways to keep things from collapsing. It is more, more, and more of the same SHIT. Nothing has changed as a result of the Greek election yesterday, and why am I not surprised?? WE NEED THIS FUCKING COLLAPSE TO HAPPEN. The longer it's put off, the worse the end result will be.
Catching up on the comments
Hope Turd is having fun golfing, you deserve it.
El Gordo: If you are waiting to buy because you are hoping we are right and you will save some fiat then you have more guts than I do. I would at least average in with a small purchase. PM's could go ballistic any day due to a black swan and you will have missed the boat. Not changing my call for a beat down (it is also options expiry this week) after a FOMC non event but I bought my stack years ago and it is just as shiny and heavy as it ever was.
RecaptureAmerica: We spell it and pronounce it as "eh", eh. (yes phonetically it sounds like aye but some people pronounce that as "I"). Should be pronounced like Eight without the "t" sound. Also it needs to be added to the end of almost every sentence we speak, eh.
SaratogaPrepper et al: Yes silver has amazing health benefits, just some drops of collodial silver every few days and I have avoided colds and flus for years. Also works for cold sores, if you feel one starting just apply a bit and it will go away.
One last side note for the home remedy department. I had something stuck in my throat on the weekend and after failing to cough it up/puke it up (yes it was that bad) and worried that I would dislodge it and then have it interfere with my breathing (it was down low enough that it wasn't bothering my air flow) I found this home remedy on the internet and it worked like a charm. Just swallow a whole raw egg (crack it in a glass and just tip it back and swallow). Worked like a charm (the yolk catches whatever is lodged and just drags in into the stomach). My throat was raw and sore for a day or two after but this worked better than eating balls of rice, bread or gulping down glasses of water (all of which I also tried without success). Who knows, maybe I will save the life of a fellow Turdite (what could be more rewarding).
Going to be an exciting week.
Z
SE
Easy does it, fellow Turdite.
Were all in it together and there is no possible way to put a time table on historical events especially when they're stroked and managed to the degree they are.
The crash and reset of the present system will happen in due time. Let's not be in a hurry to see global disorder. Congrats to you on being wayyyy ahead of the curve. It's coming and you're prepared.
Take solace in that fact alone. My advice....go let out a primal scream/roar somewhere
Nebraska Nuclear Plant Emergency Level 4 & Getting Worse - June
This sounds quite bad. God helps us all.
http://tv.naturalnews.com/v.asp?v=0362CE9B22E973970032CBEC1F615D8C
Fort Calhoun near Omaha, Nebraska
"On June 6, 2011, the Fort Calhoun pressurized water nuclear reactor 20 miles north of Omaha, Nebraska entered emergency status due to imminent flooding from the Missouri River. A day later, there was an electrical fire requiring plant evacuation.
Then, on June 8th, NRC event reports confirmed the fire resulted in the loss of cooling for the reactor's spent fuel pool. The discussion includes specific details of the technical failures at Fort Calhoun, the risks of coolant loss at overcrowded "spent" fuel pools, and the national hazards of nuclear facilities along the Missouri and Mississippi Rivers, and other water sites during the current period of floods and climate change."