2000 Words

They say a picture paints a thousand words. Well, in order to save some time, here are 2000 words for you.

I'll be back later today with an update following the release of what should be a rather interesting CoT.

Have a great day.

TF

p.s. Please take some time today to ponder these questions:

  • Yesterday, it was Brazil. Today, it is Iraq. The news reports detail how these countries have been rapidly increasing their gold reserves. We already know that China, Russia, India, Turkey and almost every other Creditor nation has been doing the same. Why? And why on earth would you, the Turdite, be frightened  into swapping your physical metal for fiat currency when so many Creditor nations are rapidly swapping their fiat currency for physical metal?

149 Comments

Darth Smoker's picture

first WOW

Hope everybody is buying some Phyzz. 100 box Kook Privy is fetching a $10 premium/ oz on eBay.  Glad I bought some.

Mudsharkbytes's picture

Rare Exports

Since TF has stopped posting videos, and this might be the last day of the world, I thought I might use this #2 spot to share one of the most unusual Christmas video's I've ever seen.

Personally, I go with the subgeniuses take on it:  "We believe the world will end on December 21, 2012.  We just don't know what todays date is.  We do know it's not even 1998 yet.

tpbeta's picture

first?

dammit.

Mr. Fix's picture

Okay, I'll take forth.

I'm  kind of glad that we are done discussing “charts”.

Looking forward to enjoying the “last day of the world”,

I hope all of you enjoy it as well.wink

wildstylechef's picture

FIFTH

YA I've been following the Coghlancapital chart morning review for metals (I've also switched to using the charting method using Andrews pitchfork) and it has been an exceptional learning experience. Using it long term not realy neaded but learning enought to become capable of implementing the charting method > outstanding!!!!

Turd have you thought of using this method???? I find it the best way to track where the gold SHOULD be going.

Fat Willie's picture

CFTC Investigation

Things that take less time than the CFTC silver investigation:
 
9/11 commission investigation (2002-2004)
Watergate scandal and investigation (1972-1974)
Sears tower construction (1971-1973)
Magellan's circumnavigation of the globe (1519-1522)
US victory in World War II (12/1941 - 5/1945)
 
Feel free to add some.  Maybe we can send this to our buddies later, as an example of how shameful the whole thing really is.  
 
 
tobydaniel's picture

Dead cat bounce

Hold your horses. This should continue to drop to the low 29's or below. Miners are doing horrible today which could be a sign of more consolidation. That or the markets are bringing them down. Why would the cartel stop here? They still have over a week to paint a negative for the year. I have faith in them:) I tell you what, you better sell the family farm and buy like crazy if it does plummet again!

Hoping to learn's picture

I guess they were right--almost

I woke up this morning, and found that my entire stack had disappeared.

Boy those Mayans sure knew what they were talking about, I guess I'll have to start stacking all over again.

Happy Holidays to all and may there truly be " peace on earth"

HTL

¤'s picture

Ho Ho Oh No...

tv_santa_pop.jpg

Sinclair Incandescent – Biggest Manipulative Play In Gold Ever

Jim Sinclair’s Commentary

The attitude of our esteemed financial leaders and government towards Christmas has taken a new turn towards imitating the Dutch Santa’s assistant who punishes. You might say this is the Nightmare of Christmas part two, with the Dow dropping 250 points during the night on the fiscal cliff non-compromise. I am sure the PPT (Plunge Protection Team) using huge index spreads will do their best to camouflage Santa’s nasty Dutch assistant for general equities. Put it this way: "They better or all Hell breaks loose."

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Sinclair incandescent – biggest manipulative play in gold ever
Jim Sinclair attributes the latest raid on the gold price to a U.S. Fed orchestrated takedown which he sees as "the height of rank, blatant foolishness and ignorance."

Author: Lawrence Williams
Posted: Friday , 21 Dec 2012

LONDON – Veteran gold investor, Jim Sinclair, posted no less than three of his own comments on the recent gold take-down on his own website, jsmineset.com, yesterday, describing the latest gold price moves, brought on by heavy instantaneous selling on COMEX, as a ‘move of desperation by the Fed’. Sinclair’s view is thus that the selling, which has seen the gold price fall over $100 in around three weeks, is in fact a concerted effort by the U.S. Fed, and its bullion bank allies, to artificially depress the gold price and by so doing hide the true state of the U.S. and global economies and protect the dollar. “You cannot fix the problems of the Western Economic system by breaking the telltale thermometer, which is the price of gold.” he says.

Sinclair has a strong following in the gold investment community and has long held the view that gold is going substantially higher, despite what he, and a number of others, see as a gold price suppression scheme with gold seen as the bellwether of economic stability or otherwise. “There is not one professional who does not know sales in extreme volume at a time of low activity internationally have but one purpose, and that is to reduce the price of gold.” he notes in another comment on his site.

So why would the U.S. Fed be prepared to do this? Well the view of Sinclair and others, which was for a long time ridiculed by many mainstream analysts and by politicians alike, is that in modern day politics perception is everything. Rising gold prices are seen effectively as dollar devaluations, so if you can control the gold price – or at least mitigate its ongoing rise – the perception amongst the general public is that the value of the dollar in your pocket remains reasonably stable. If the gold price is allowed to rise massively then the perception that all is not well in the U.S. economy in particular (for many years the driver of the global economy, so it affects this too) would become apparent to all, which is anathema to those who run the state....

http://www.jsmineset.com/

Mr. Fix's picture

@ Fat Willie

These people have no shame. They are laughing at us. Don't waste your time.

 The lawlessness will continue until it can't any more, and then they will find a new way to rip us off .

bujjai's picture

check this out....

Media Manipulation: Father of Sandy Hook Victim Asks ‘Read the Card?’ Seconds Before Press Conference

Alex Thomas

December 19, 2012

In the week following the horrific mass shooting that left 20 children dead at an elementary school in Newtown, Connecticut, independent minded journalists and researchers have continued to search for answers to what has become one of the worst mass shootings in American history.

From reports of multiples shooters, to the fact that the corporate media, in conjunction with the government, has launched a full-scale attack on the 2nd amendment in response to the shootings, the facts behind the shooting have led many to believe that this was some sort of black ops type false flag initiated and carried out with the long-term goal of disarming the American people.

Now, a startling video is making the rounds that seems to indicate that either there was some sort of media or government manipulation at a press conference for the victims families or, although less likely, actors are being used in what would be one of the most blatant false flags in recent history.

In the video, Robbie Parker, the father of slain 6-year-old Emily Parker, can be seen smiling and laughing before asking someone if he should, “read off the card.”

http://tinyurl.com/cfp8xqd

What is unknown at this time is what the above clip actually means although it does seem very suspicious and, at the very least, shows some sort of media manipulation.

In a report published on the Huffinton Post, the father was described as,” Fighting back tears and struggling to catch his breath,” during a the heart felt press conference.

Robbie Parker’s daughter Emilie was among the 20 children who died Friday in the one of the worst attacks on schoolchildren in U.S. history. He was one of the first parents to speak publicly about their loss.

“She was beautiful. She was blond. She was always smiling,” he said.

Parker spoke to reporters not long after police released the names and ages of the victims, a simple document that told a horrifying story of loss.

An article published along side the above clip on Infowars.com noted how odd it actually was.

As unexplained factors in the tragic Sandy Hook school shooting continue to surface, independent researchers have pointed to an odd clip where Robbie Parker, father of slain 6-year-old Emilie Parker, asks if he should read off of a card, and is told that he should, during a press conference that took place the day after Friday’s shooting.

{….}

Is the establishment media trying to steer the victims’ reactions?

As of now there is simply no way to conclusively tell what was exactly going on during the press conference and it is very possible that the corporate media was simply coaching a grieving fatherwho was dealing with the horror of losing his child in a way many of us couldn’t begin to understand without suffering a similar lose ourselves.

With that being said, something odd definitely took place.

Groaner's picture

when is the last time you have seen the metals go up on a Fri?

the miners are not really confirming this uptrend. 

I think its some short profit taking and I hate to say it but the downside action may resume after the Winter Solstice celebration. 

Fat Willie's picture

Mr Fix

I actually happen to agree with you.  I always cringe when I hear people talking about the cartel being "desperate" bc it sure seems like they do whatever the hell the want.  

That said- nothing wrong with calling out the farce the whole thing is.  I also thought it would be fun to compare what can be done in 4 years, vs the complete charade they are perpetuating.  

¤'s picture

Rudoplh w/attitude

Graphic...you've been warned...

tyberious's picture

Project Gemini (1962–66)

Project Gemini (1962–66)

agNau's picture

What I would find interesting.....

is the amount of firepower($fiat)accumulating on the books of the Banksters in IRS's ; Derivatives......
That suppression would have to rival the FED's printing mechanism at some ratio. Capping these rates is not cheap relatively speaking. The derivatives book would have to be growing in a major way.

* Glad to see the longer term perspective Turd.

Mr. Fix's picture

RE,Ho Ho Oh No... Submitted by DrkPurpleHaze

Thank you for that post, I might be just reading between the lines, but it still tells me that a collapse is imminent.

The powers that be would like nothing more than to take everyone by surprise.

From that particular point of view, I do not sense desperation on their moves,  I see a cold, calculated theft of everyone's life savings.

I wish people would stop attributing current market movements to “foolishness  and ignorance " or desperation   of the “Evil Empire”.

They have had nearly a century to work this particular plan, of establishing a “New World Order”,

and from that particular perspective, everything is right on schedule.

 In order to accomplish their goals, the current order of things needs to be destroyed. This is not an accident, attributable to foolishness  and ignorance.

It is a deliberate attempt to eliminate all opposition to their desired outcome.

It shouldn't be much longer......

Edit:

A couple of weeks ago, you asked a question as to when this country was lost. My answer was the Federal Reserve act.

To clarify that somewhat, I think the entire plot was hatched at Jekyll Island.

I am going under the assumption that they had a 100 year plan, and that it is coming to  completion right now.

By establishing the Federal Reserve act, and making all currency debt notes, they guaranteed the destruction of our country when their policies were instituted 100 years ago.

With a little bit of historical perspective like that, the current market movements make absolute and complete sense. We do not need to look much further to figure out what is coming next.

wildstylechef's picture

Using this method that I

<TF edit>

<This chart is taken directly from the CoghlanCapital website. I'll leave it up for today as it is a good promotion for Paul's expertise but we can't simply republish stuff from subscription services.>

Using this method that I really think makes allot of sense as we are into the same sideways action that was going on in 98 after hitting a major new high gold consolidated sideways for  a number of months before continuing its march upwards.

Using this method we are only flushing below our bottom channel and as of right now at 1659 we are now back above the bottom channel and we are good to go marching back up. no fatal damage to the chart

Xeno's picture

FatW CFTC

Nice comparison FatWillie. Here's another one.

FBI investigation of Al Capone: March 1929-Oct. 1931

Trial of Al Capone: 10/5/31 - 10/18/31

No foot dragging at the CFTC that's for sure.

/sarc

murphy's picture

Kyle Bass

I watched/listened to the video. It was unfortunate that we were not able to see the charts he was showing to the audience. Does anyone know if they are available elsewhere? A couple of take aways.

1) When devaluations come, they will always lie and deny that they will do it. Right up to the time they announce it. Argentina, Mexico in the past. The Greek banking guy who got caught in an out right lie and King from the BOE admitting there will be defaults. This aligns perfectly why there are no criminal prosecutions against HSBC regarding money laundering. The Justice Department states for reasons of confidence in the banking industry it would be detrimental. We should all be writing letters to our Congressmen stating what  a travesty of justice this is. If we are the 1% of the people that actually read this, are disgusted by it and don't react, who will?

2) His statement that noone  knows (hmm grammar?), what country to plant their savings in. That certainly bodes well for the metals as we know.

3) His focus on Japan's problems. Are they not the canary in the coal mine for the rest of the mature western economies? But he seems to say even though the US is like them, because of new energy, banking being rebuilt and housing coming back we are in better shape. On the other hand he also says employment will continue to drop and cost push inflation is inevitable. Not sure I can reconcile those together. Although it does seem that the shtf in Japan and other places before here.

5) When asked about gold he says a gold standard alone is not the answer. That sort of lines up with Rickards theory of a combo multi fiat and gold backed reserve currency. It's the only way they can write off the massive sovereign debts and still keep confidence in the world wide system. Btw, it seems Rickards has been on the quiet side lately, apart from his twitter account as compared to last spring.

6) No way is China or any other single country going to take it over by themselves. He actually paints China and their banking system in a very treacherous place when their non-performing loans start to be admitted to.

Here it is again for those who haven't had a chance to hear it.

Revelation's picture

You Don't Want Any Part of This...

Stay away from Reefer and Silver...

Byzantium's picture

deleted

deleted

dropout's picture

NEVER - Say Never

IMHO.

The prices have a ways to fall yet. The cartel is not finished by a long shot!

Agreed - we are close to an epic global financial event, that will crash the markets.

For the immediate short term this crash will also effect the metals. This will be the opportune time to back up the truck and load up as much as you possibly can.

Because when the masses come to their senses and fully realize that fiat paper is worthless - they won't be able to buy any metal, at any price. The physical metal holders will hold out until they can receive full, solid value in return.

Yah! Gonna be a REALLY interesting year. 2013. Good old lucky thirteen!

destroyer's picture

Thank's for the kinks song!

Thank's for The Kinks song!

I don't know them (maybe its cuz i wasn't born yet), but i like it!

Silver long-trend it's great! I hope it resists for a long long long time...

I update the short-term silver chart:

It seems that works fines!

First objective for today/monday: 31$. After that, we must to brake this downtrend to continue rising.

Good Afternoon from Spain!

PS: I hope my english sounds fine. Tomorrow I have an english exam.. glup!

rtabit's picture

When this country was lost?

My vote would be in 1995 when Greenspan sold out to Clinton in order to get elected to a third term.  Things were still fixable before then IMO.

Edward G's picture

20,000 plus reads per post!

That is big stuff my man!   Your dedication to your subject is quite awesome, and running this place for free (and through the generous donations of members 'feeding the Turd' in no small way but of course) is totally heroic, quite an historic media phenomenon I should say. A pleasure to be a part of your thang, go TF!!!

I love how all the names in the field have come to know you, and I remember the first podcast... look how many great folks have passed through now.  Cool.

To my limited eye, that silver chart looks like one hell of a big flag formation with equal gradients up and down, coming to a point.

All the best,

Ed

rtabit's picture

@tobydaniel

"Miners are doing horrible today"

AUY is doing great and NUGT is up, where do you get miners are doing horrible today from?

GoldMania3000's picture

Demand

Well, i figured i'd place an order for some g and s-the last one for 2012 since we are on the down.   called ampex. they indicated that they have been swamped..non-stop. so i guess there are folks out there that get it. can't speak for everyone or every dealer but they didn indicated it's busy busy busy.  i guess the chines are busy too. 

GoldMania3000's picture

Demand

Well, i figured i'd place an order for some g and s-the last one for 2012 since we are on the down.   called ampex. they indicated that they have been swamped..non-stop. so i guess there are folks out there that get it. can't speak for everyone or every dealer but they didn indicated it's busy busy busy.  i guess the chines are busy too. 

GoldMania3000's picture

Demand

Well, i figured i'd place an order for some g and s-the last one for 2012 since we are on the down.   called ampex. they indicated that they have been swamped..non-stop. so i guess there are folks out there that get it. can't speak for everyone or every dealer but they didn indicated it's busy busy busy.  i guess the chines are busy too. 

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