And I don't mean that in the progressive, O'Bomney sense. I mean it in the reactionary, neanderthalic Turd sense.
First of all, thanks to everyone who participated in the previous thread. Lots and lots of good ideas and suggestions and I can assure you that I have read each one, even the comments from banished trolls who re-registered just to tell me what a first class delta bravo I am. And another thanks, too, to all of you who have so graciously donated some of your hard-earned fiat to help with the expenses around here. As I type, we've raised enough funds to pay about 2/3 of the outstanding invoices. Very, very big thank you to all of you.
And just one more thing before we move on. I only posted the invoices from Ron and LiquidWeb so that everyone could see that I wasn't simply pretending to need a little cash infusion. In this age where it seems that nearly everyone is hiding something, I wanted to be as transparent as possible regarding expenses. That said, please understand this:
- The servers are expensive because we choose to have them that way. Anyone who has been around here for a while knows that we've had frequent outages and DDOS attacks. While I am considering moving to a slightly less expensive "cloud" based platform, I am reluctant to rock the boat at this point as the site, as it's currently configured, has worked seamlessly for about six, straight months.
- Ron and Stephanie have done an amazing job in building and maintaining this site. We wouldn't have a TFMR without them. They are not raping, pillaging or otherwise screwing me or us. To more effectively use funds, I will be assuming much of the day-to-day maintenance/monitoring/customer service from Stephanie. This will save money and, more importantly, it will allow Steph to concentrate on more fun and interesting tasks such as PR and marketing. And let me state this clearly: I have complete confidence in Ron and the Shimshock Group. If you ever need a web developer, I would give them a 100%, hearty recommendation.
OK, back to he business at hand.
What a joke today was. Standard Cartel operating procedure. Massive sell at the open and another dump into the close. You can see it all on the chart below:
Trust me, all these raids accomplish is to give you an opportunity to add some metal at a discounted price. Gold is not breaking down. THE BOTTOMS have been set at $1525 and $26. Soon, the metals will begin the "hot, explosive and historic" move that I've been mentioning for the past few months. The machinery has been set in motion and it is simply a matter of time now. Be patient and keep buying/stacking.
To that end, I have a question for you and I really need your feedback. Several folks have emailed me in the past 24 hours expressing their reluctance to join "The Army" because of its primarily-London trading hours. I certainly understand this...Turd has to sleep, too. So what do you think of this idea? I've suggested to Andy that we start an add-on service whereby he and I post our current option strategies. Similar to Andy's current "DayTrades" service where Army members can choose to follow along on his futures trades, subscribers to this potential additional service could follow along as both Andy and I trade options. Not only in the metals but in commodities such as crude and the grains, as well.
Let me be clear, here's my one mental hurdle: How do I rectify a new, options trading "service" with my oft-stated advice to avoid trading altogether? I must admit that this is a toughie because it would be easy to sound flippant or disingenuous. Here goes: IF we were to do this, it would be for options trading only. Why?
- Your downside (outright theft risk ala MFG) would be limited to your cash in account and already spent premium. I would insist that all program participants attempt to follow the same "rule" as regular Army members. Namely, take a cash distribution each month of all realized gains (provided there are any). You can use that cash to buy more phyzz or whatever. I don't care. Just don't leave it laying there in your account. The next Corzine may be lurking around the corner.
- I truly am 100% confident in the impending UP move for the metals. Combine this with more, post-election QE, the ongoing drought and inevitable MENA wars and you've got some situations that are ripe for the picking. If we can combine Andy's experience with my goofy hunches, we might be able to make some serious fiat.
So, please let me know if you would be willing to participate. The fee may be steep...but not quite as steep as the other Army services. We'll see how we actually set it up. Of course, none of this is binding. I simply need an indication of interest either through the comments section of this thread or by email at tfmetalsreport at gmail dot com. I don't want to put Andy and Paul through the trouble of setting up a new service only to find out that no one wants to play along.
Moving along...how about some news? Here's one. The communist Chinese are pulling out of U.S. exchanges because they're "too corrupt". This seriously cracks me up! The commies think that WE are too corrupt!! HAHAHAHAHA!! http://finance.yahoo.com/news/chinese-companies-pull-us-stock-095649722.html
(Btw, Andy also informed me that the NASE is getting closer to opening. Bureaucratic issues are slowly being resolved and they are currently hoping for a September launch.)
Next is an interesting read from Charles Hugh Smith. http://www.oftwominds.com/blogaug12/expectations8-12.html
I'm not sure what to make of this but, lately, Santa is really worked up over registration of your funds and assets. Does he know something we don't? Is he preparing for a major default/bankruptcy? I don't know but I do know that you should take the time to scroll through this: http://www.jsmineset.com/2012/08/13/jims-mailbox-1009/
And this is alarming. You should definitely take the time to read and watch: http://deadlyclear.wordpress.com/2012/08/12/bank-of-america-drills-open-customer-safe-deposit-box-and-removes-contents/
The war in Syria is getting more dangerous by the day. This next clip comes again from Debka. Say what you want about Debka. Frankly, I don't care. Whatever their sources, they are consistently ahead of the MSM on details within and around Syria and the Middle East. Are they wrong sometimes? Sure. But so are the NYT, CNN and Fox. Lately, much of what debka reports gets confirmed within the MSM within 24-48 hours so I will continue to post links that are relevant. Here's one for today: http://www.debka.com/article/22273/Syrian-rebels-armed-with-first-T-62-tanks
Finally, today was another CoT Tuesday. Though we won't know today's OI numbers until tomorrow, I think it's safe to assume that this Friday will another "friendly" report. Silver OI continues to creep higher while price is capped and suppressed. This is simply a sign of an increasing short position and, one day soon, those shorts will be forced to cover in spectacular fashion. Be right, sit tight and stay patient. We will be victorious.
Have a great evening and overnight.