Turd for Nobel Prize in 2013

I mean, why not? Plus, I could use the cash!

First, Al Freaking Gore wins the Peace Prize for...what exactly? And then O'Bottom wins it...why again did he win it? And now, the sanctimonious Nobel Committee awards the Peace Prize to...The European Union? WTF?!? Don't you have to be an individual to win? Is this what Alfred Nobel intended? "Let's just reward and congratulate ourselves on being such wonderful and peaceful bureaucrats!". Seriously? Seriously. Oh well, the EU does need the cash. So, the campaign starts today. Screw the presidency, I want The Prize!

TURD FOR NOBEL PRIZE IN 2013

http://online.wsj.com/article/SB10000872396390444799904578051960191363312.html

One group definitely NOT deserving of any prize is The Evil Empire and their willing accomplices at the Comex. We've now had to endure Comex-opening beatdowns on 8 of the last 10 days. This is unbelievable and unprecedented. I don't think I've ever printed so many 1-minute charts and, frankly, I'm sick of it. Here are just a few:

And here are the "bloody gloves" from today's crime scene:

If I sound frustrated, it's because I am. These Comex games are enough to drive you to drink. We here know that physical metal is your only financial protection and investors worldwide are fast coming to the same conclusion. Regardless, the phony-baloney Comex paper price is still manipulated for the benefit of a select few. Whatever. Screw 'em. They'll get their comeuppance soon enough.

In the bigger picture on the longer-term charts, you can clearly see that they are making very little, actual progress. In fact, the shorts appear to be playing a losing game here. EVERY attempt to jab price lower is being met with stiff demand, not further selling. EVENTUALLY (soon), longs will be emboldened and, once some resistance levels are breached, the recent shorts will be forced to cover.

For now, keep your eye on $33.60 silver as this level has been attacked repeatedly this week and has held each time. Should a rally develop later today or early next week, our target remains $34.35. As, above there, shorts will begin to get squeezed and face capitulation.

And gold is looking to put in a "bowl" or "cup" shaped bottom on these charts. I'm always fascinated by these patterns when they come together as, when they work out, they almost seem predesigned and predestined.

Just two bits of reading today. First, Detlev Schlichter has penned another beauty: http://detlevschlichter.com/2012/10/we-are-on-the-road-to-serfdom

And our pal, Paul Mylchreest, has written up another lengthy report. Great stuff, as usual, and he was even kind enough to include a reference to some of our work here.

TRR28

OK, that's all for now. Please check back later as I will try to post some thoughts on the CoT when it's released. It should be somewhat interesting as OI declined over the survey week and we'll get some idea of just who was selling/covering.

Have a great day!

TF

283 Comments

Istack's picture

Anything could happen

proformatrillionaire's picture

2nd

I get the silver metal. One of these days it might be worth 4 fiat digits. I can only hope. I would settle for 3.

Karankawa's picture

2nd

?  NOPE.  ThURD.

JML-2012's picture

Top 2

Deuce

Nana's picture

And The Prize Goes To

Fill in the blank_______.

Kcap's picture

Kcap was going to post first.

You know what that means! (if you remember last time...)

Kcap

silverstool's picture

Could I? Should I. Why no.

Could I? Should I? Damn this internet connection is slow!

Pining 4 the Fjords's picture

I walked my dog... that's a Peace Prize!

Why not, Turd?  "I drew a chart... Peace Prize!"

Dr Jerome's picture

Nobel prize money

I wonder what the EU will do with the 1.2 million prize money. I bet they buy gold!

ScottJ's picture

Congrats Europe. You really

Congrats Europe.

Couldn't have happened to a nicer unelected bureaucratic body.

ReachWest's picture

Gigantic Charade

Thanks for the update, Turd. 

The bastards sure seem to be acting like an injured and cornered animal. The more desperate they become, the more dangerous they are, IMO. 

There is little left to "believe" in these markets. Stats, data, prices? All contrived. It's all a gigantic charade. All fantasy. The only thing real is ounces. Forget the $ value, because it's totally disconnected from reality.

We finally get QE3 and it's bigger than any of us imagined - and - what happens? The metals are jammed sideways, day after day. Damn. I'm tired of this

Kcap's picture

Little analogy for the silver market

Imagine you are a 7 year old kid.  You go to the same supermarket every week and steal a candy bar.  Each week this has proved fruitful as you never get caught.  Then, one week that changes.  A checkout clerk sees you take one this time as you gently back away with the candy bar in your back pocket.  You ease down aisle 7.  Paper goods.  You feel there is enough people in the store to blend in.  You make your way to the opposite side of the store.  You turn right only to find a manager in a red vest staring at you.  You being to get a little nervous but still feel as though you've done nothing wrong, this candy is yours for the taking and they will never catch you.  You turn around and head toward dairy.  Many moms and pops are milk shopping there and you could just blend in as someone's kid.  As you stride down toward the milk, you look up each aisle.  You realize there is a store employee in each aisle and they seem to be walking in your direction.  Your heart starts to beat a bit faster.  You get down to the milk and realize there is the manager heading toward you from the direction you just came and other employees headed toward you from both the dairy aisle and other aisles.  You quickly assess the situation.  You are feeling squeezed.  You make a break for the back storage room only to find beefy Asian warehouse stockers all wearing badges.  You sense the room closing in on you.  You hear the intercom requesting personnel to the back room.  You heart is about to pop out of your chest.  The manager has just opened the door, the warehouse guys are standing in front of you, the employees are circling.....

There is no way out.  You fall to your knees and offer up your shorts ....I mean, the candy bar in your shorts.  You've been caught red handed and you are going to suffer the repercussions of your actions. 

The game is up.

Kcap

Wizard's picture

Anyone Else Feel The Same These Days

We Have Entered The Twilight Zone

¤'s picture

The Nobel Peace Prize: Dynamite Inspired

Alfred Nobel was born on 21 October 1833 in Stockholm, Sweden into a family of engineers. He was a chemist, engineer, and inventor. In 1895 he purchased the Bofors iron and steel mill, which he converted into a major armaments manufacturer. Nobel amassed a sizeable personal fortune during his lifetime, most of it from his 355 different inventions, of which dynamite is the most famous. In 1888 Alfred had the unpleasant surprise of discovering and reading his own obituary, titled The merchant of death is dead, in a Swedish newspaper. The obituary was eight years premature as it was actually Alfred's brother Ludvig who had died. Nevertheless, Alfred was disappointed with what he read and with how he would be remembered, inspiring him to change his will. On the 10th of December 1896 Alfred Nobel died in his villa in San Remo, Italy at the age of sixty-three after suffering a cerebral haemorrhage.

The Nobel Prize (Swedish: Nobelpriset) is an annual, international award originating in Sweden. The award was established in 1895 by the Swedish chemist and inventor of dynamite Alfred Bernhard Nobel.

All Nobel Prizes

Between 1901 and 2011, the Nobel Prizes and the Prize in Economic Sciences were awarded 549 times to 853 people and organizations. With some receiving the Nobel Prize more than once, this makes a total of 826 individuals and 20 organizations. Below, you can view the full list of Nobel Prizes and Nobel Laureates.

All Nobel Prizes

List of all Nobel Prize winners...

http://www.nobelprize.org/nobel_prizes/lists/all/

Vermilion's picture

Copied from previous thread

This hoary old chestnut re. the EU preventing war in Europe makes my blood boil - it is absolute crap.



Democracies do not wage war with other democracies - and the fact that most European countries are now democratic has nothing whatsoever to do with the EU.



Did the EU help in any way with the birth of Democracy in Spain (& Portugal) in the 1970s & 80s? No. Ditto Germany after WW2.



And exactly what did the EU contribute to the ending of tyranny and the birth of democracy in the Balkans? Sod all. The democratic seed was planted by the people of the Balkans once Nato/US/UK got rid of the tyrants.



Democracy is the key to peace in Europe, not the profoundly undemocratic and soon to be obsolete European Union

benque's picture

Hat contest

With the contest thread closed, I opened a new forum where I will post the list of all predictions.

Give me a little time to check for data input errors, and find out how to deal with a multitude of duplicate predictions.

Here is the link to the forum:  http://www.tfmetalsreport.com/forum/4255/11912-contest

Terp has a real nice website with the list as well, at: http://www.whittierinvestments.com/turdville/

More later.

benque

indosil's picture

DECOUPLING

Posted last on the last thread:

My two cents worth........Base metals have absolutely been slaughtered in the last 10 days ...down almost 10%(atleast at the Indian MCX)..previuosly it used to happen that Base metals would take a lesser hit in comparison to Pms.....but it's been different for the last 10 days....anyone to put some light on BASE METALS

ag1969's picture

Uhhhhhm, I can answer that

Al Gore invented the freaking internet!  And Obama won it advance for Unconstitutional Military intervention in Egypt, Libya, Syria, etc. etc.  Oh, and for closing Gitmo.  What is ya?  Ignant?

Terp's picture

Hat Contest

Sweet! Thanks benque!

Karankawa's picture

Here come the monkeys again ...

... and (so far) they are rebelled again.

tyberious's picture

I'm really lazy today!

 

=

Gold And Silver Capped Until After U.S. Election?

 

GoldCore / By Mark O’Byrne / October 12, 2012

Gold remains robust in euro terms at €1,364.50/oz and remains less than only 1% away from new record highs in the single currency (see chart).

India and China are embarking on their peak consumption season which may create a boost to the physical market.

The far from resolved debt crisis in Greece, Spain and most countries in the western world means that this is another correction and investors and store of wealth buyers should continue to accumulate on the dip.

Prices may remain contained until after the U.S. election but we expect that soon after the election (we expect Obama to be re-elected), precious metal prices will again surge. Indeed, from November into the early months of 2013, we could see one of the largest upward price movements in gold and silver so far in their bull markets.

U.S. election years tend to see gold underperform vis-à-vis other years and this was seen in 2004 (+4.7%) and 2008 (+5%) when gold saw only marginal gains compared to the 17% annualised dollar returns seen in that decade.

Post election years saw stronger gains – with a 22% in 2005 and a 25% return in 2009.

This is likely due to the governing administration, often in conjunction with the Federal Reserve, doing all it can in order to artificially boost the economy and maintain power.

READ MORE

121012 – Molotov Cocktails In Greece

 

On Inflation

zerohedge.com / by Bruce Krasting / 10/12/2012 08:25

Gas

Big spike in gas prices in Cali. A refinery blew up, the state has tough emissions laws so Californians pay the price. Bloomberg reported that the state wide average price for regular was $4.67.

So I drive off for a fill-up, chuckling at the poor bastards in Cali. I’m 30 miles north of NYC, about as far from the West Coast as you can get, what do I care what happens “out-there”? Unfortunately, the price of regular at my gas place is only 18 cents less than the “crisis” prices in the Golden State.

Note that the price of diesel is $4.79, This means that the cost of home heating oil for spot delivery is north of $4 a gallon. Most people around here use oil heat, and it is supposed to be cold this winter.

Now I’m wondering who those poor bastards are.

READ MORE

The Rich Get Richer Explained

An explanation of the growing disparity between the poor and the rich in America.
by Omid Malekan

Freudian Glitch? COMEX Futures Lists Silver at $34,000/oz, Gold at $17,700/oz

silverdoctors.com / by the Doc / October 11, 2012

Did COMEX futures just reveal a Freudian glitch?  Futures data this morning indicated a value of $34,000/oz for silver, and $17,716/oz for gold!

The misquoted prices reflect a 1:2 price ratio with silver being 2x as valuable as gold.  Was somebody trying to communicate the fact that future gold to silver value ratio will go from 50:1 to 1:2, with silver prices rising 100 times faster than gold’s?

READ MORE

‘Monsanto & Frankenstein next!’ Max Keiser destroys 2012 Nobel Peace

The Nobel Peace Prize has been awarded to the European Union for its role in securing peace to the continent.The Nobel committee says the accolade is meant to be an encouragement to the union in difficult times. Norway – the home of the prize – is itself divided over EU membership and has twice refused it in a nationwide referendums. For more on this decision RT talks to host of the Keiser Report – Max Keiser.

Mickey's picture

paper game analogy

similar to overbooking of seats on flights-but on a larger (overbooked) basis.

The airlines can get you on a next flight usually.

Dagney Taggart's picture

The Strike!

The EU winning the Nobel POS Prize? I think the Nobel Institute has officially become an illegitimate authority on the subject. Oops. That officially ended with the murder-loving Heinz Kissinger farce.

Anyway, on to more important matters. Today is The Strike. A few of us are making the roadtrip to Coeur d'Alene to see it. I'll be spending the weekend in Spokane to make some arrangements for the upcoming Silver Summit on 10/25-26.

I've been a couple of times and I highly recommend it.

Nice to check in. Scrambling before the snow flies.......

Wizard's picture

Well This Might Help

This Might Help Bring Back Clarity

RRJJ's picture

Im Swedish and not pleased

Im Swedish and not pleased what so ever over the Norweigan choice of peace prize awards. Gives a bad rep to the rest of the prizes that are awarded by Sweden.

With the award of Gore, Obama and the EU it's pretty obvious that the peace prize is in fact a politcal prize more than anything.

Missiondweller's picture

businessinsider standing by their story

California Demands Business Insider Retract False Story On Jobless Claims Misreporting; Business Insider Refuses

Cue Business Insider's response:

In response to our story, California's Employment Development Director issued a statement saying the state "has reported all UI claims data and submitted the date on time." A spokesperson for the department also offered an alternative explanation for the drop in California's unemployment claims: "Our weather has been unusually warm which has had some typical seasonal patterns in employment delayed."

The California spokesperson also demanded a "retraction" of what the Labor Department told us. We accurately reported what the Labor Department told us, so we stand by our story.  In a follow-up exchange, we asked the spokesperson how California could be sure it had submitted all of its claims on time. The spokesperson did not respond to the question. She simply reiterated that the Labor Department analyst we spoke to was "wrong."

Bottom line: THE BOOKS ARE COOKED

Turd Ferguson's picture

I just found this on ZH

MODERATOR
agNau's picture

anyone else notice....

the RSI MACD slowly burn off as the metals/miners lose relatively little ground. ag rangebound. au rangebound.
Weekly MACD rolling.....
I see flags on multiple.....
I see XEU about to push higher.....
I'm thinking after election timeframe works pretty well......actually should see a little light prior.......

XEU ~ 131.00 b/o.

madtig6's picture

Nobel prize or Noble prize ??

Considering Turd's insight and tech approach to the Noble Metals - let's rename the darn thing and give it to Turd.  My vote is in !!!

Just A Regular Guy's picture

Regarding the metals beatdown

I like how just before the metals get smashT down there was a report saying inflation&CPI was higher than expected or previous, of course it is natural for people to sell off hard-assets with that kind of news being released......

http://www.bloomberg.com/news/2012-10-12/wholesale-prices-in-u-s-rise-more-than-forecast-on-fuel.html

... and this
http://www.bloomberg.com/news/2012-10-12/treasuries-head-for-weekly-gain-before-producer-prices.html

Bizzaro world obviously....

Peace

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