Turd on the Brink of Insanity

Friday, April 13, 2012 at 2:01 pm

So, this is how it works in the Age of Lies, Obfuscation & Nonsense.

2/29 - Bernanke testimony. Down go PMs. http://www.tfmetalsreport.com/blog/3465/csi-comex-gold-and-silver-massacre

3/8 - Bernanke buttboy Hilsenrath talks. Up go PMs. http://www.tfmetalsreport.com/blog/3494/whatever-sterilize

3/13 - FOMC minutes no QE. Down go PMs. http://www.tfmetalsreport.com/blog/3520/literally-sick-my-stomach

3/26 - Bernanke talks. Up go PMs. http://www.tfmetalsreport.com/blog/3578/thank-you-mr-ben-bernank

4/3 - FOMC minutes again. Down go PMs. http://www.tfmetalsreport.com/blog/3615/schizo

4/11-12 - More talk of QE from Bernanke, Yellen and Dudley. Up go PMs. http://www.tfmetalsreport.com/blog/3654/sack-nonsense-redux

4/13 - Bernanke talks. Down go PMs. http://www.zerohedge.com/news/no-hints-qe-latest-bernanke-word-cloud

Absolutely ridiculous and comical nonsense. NO ONE should be attempting to trade gold and/or silver futures on the Comex. The WOPRs and The Cartel are completely in charge and every mutterance and headline sends a cascade of HFT orders based solely upon phraseology and syntax. THIS IS MADNESS! In the end, the fiat price of true money is left to shift in the wind, regardless of the underlying fundamentals. Therefore, THE ONLY ONES WITH A CHANCE are the regulars in Andy's Army. EVERYONE ELSE must avoid day trading at all costs. THE ONLY OPTION is to buy physical metal on paper metal dips and TAKE DELIVERY.

Have a nice weekend. TF

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Comments

Saratoga

Submitted by DrkPurpleHaze on April 15, 2012 - 7:34pm.

Wow! Yep, you know then. Makes your skin crawl. Itchy/tingly.

I've seen a big panel box blow with the pull of a switch and I've seen and worked right next to a small (and quite loud) hydrogen explosion at a chemical plant, I've been evacuated from some plants from fire or explosion pre-cautions, splashed with acid while messing with pipes, burned and singed at times but it was always the high voltages and working around them that made me wary. It was the 'potential' that always had my attention.

Extremely high-pressurized objects were my other real concern. No shortage of things to be aware of in 'the field'.

I've been in some cool job situations and just day-dreamed and reflected back on some of them

I've worked with some great guys and supremely skilled craftsman who showed me their accumulated life's knowledge and 'tricks' and took me under their wing early on as a young apprentice. I can honestly say that I really miss that line of work and most of those men.

Listen up, Soldiers of Fortune !

Submitted by Monedas on April 15, 2012 - 7:35pm.

Manipulation is a fact....and it's been around in our "Command Performance Economies" for a long time ! It really doesn't matter ! All you people who are planning on making one last big heist.....and backing the truck up to Crimex, then backing it up to loot the supermarket and the gun store before heading for the hills.....are going to be disappointed ! There isn't enough to go around ! The market alone, with or without manipulation, will have to sort it out ! Pretend it's April 1929 and sell your stocks and stuff for real money ! A public service announcement by: Monedas 2012 Secret Service Agents cavorting with coke hookers in Colombia were......SENT HOME ! Oooooh ! No firings, no jail time, no drug tests, no $500K reimbursements, no denial of perks and reirement benefits, no publishing of names, no profiling, no FOIA, no firing squad ? George Carlin are you listening ?

High voltage

Submitted by Dr Jerome on April 15, 2012 - 7:36pm.

Saratoga P,

345KV Wow... Seriously, I didn't know we had voltages that high. I thought it was only 12.8 right out of a powerhouse and stepped down from there.

Indigo...I used to weld a bit, never got certified. I think it will be a nice trade in the new economy. I had thought of buying a small welding machine for my preparation efforts.

Just wanted to take a second

Submitted by jrobb316 on April 15, 2012 - 7:39pm.

Just wanted to take a second out of the Turd and America bashing and thank Turd for all he does. I lurked on blogspot and signed up here day 1 (or maybe 2). I have learned a ton and keep on learning. Thanks for all you do.

@ No. 47

Submitted by S Roche on April 15, 2012 - 7:43pm.

So, you have an inkling of how the Russians feel...

Awww c'mon folks...

Submitted by DrkPurpleHaze on April 15, 2012 - 7:44pm.

Can't we just be friendly?

For some reason, today's been a crabby day. Enough of the Us/Them stuff. I saw where it started out this a.m. and I'm surprised it got carried around as long as it has. Every here on this side of the ocean aren't knuckleheads and everyone on that side isn't either. Agreed?

But we all are Turdites and on here for other reasons other then each others throats. Right?

Peace...Timeout....take a chill pill or maybe go to The SpeakEasy and have a cold one. Divide and conquer from within isn't helpful. It doesn't have to be so.

Do I have to start a diversionary subject.....like what the heck is going on with the USD right now especially after China announced (loudly) they were going to double the currency trading band of the yuan?

Shouldn't the USD get weaker from a stronger Yuan, even if it's only a potential thing at this point?

345Kv

Submitted by SaratogaPrepper on April 15, 2012 - 7:48pm.

Those big towers you see usually running next to highways are usually 345Kv, 230Kv or 115Kv lines. Out of the generating station, stepped up by a transformer in the yard, to the switchyard in your neighborhood, stepped back down to the 15Kv range, down the street to the pole top transformer in front of your house to be stepped down to the 120/240.

I've 30 years in the field, everything from reading the meter at your house, operator at the generating station (talk about high pressure..1500PSI of 1000 degree steam), System Operator (the rolling blackout guy), switchman, lineman and janitor. Being in the field is the best! Dangerous, but the wife has the GPS coordinates to my favorite ice fishing spot where that unfortunate accident occurred. She just has to watch out for Champ.

@ IndigoStar7

Submitted by ClinkinKY on April 15, 2012 - 7:50pm.

If you break into "All We Are Saying..." or "We Are The World", you're going on ignore

Dr J

Submitted by DrkPurpleHaze on April 15, 2012 - 7:57pm.

You got that last part right. A welding machine would be a nice little set-up to have around for many things. And not just for the prepping part, but that would be a handy skill and ability to have in that scenario as well.

I would probably have a basic set up for SMAW (shielded metal arc welding/ for everyone else) for regular carbon steel and then a TIG set-up for cleaner things. Mostly stainless.

I had most of the certs out there except aluminum. Not that I wanted it either. Messy and crude stuff. My nuclear one was my highest and that's what I was working on last. Last job I worked on was via a subcontractor for the Dept of Energy/Hanford WA work being done there. Yucca Mtn. related.

Clinkin

Submitted by DrkPurpleHaze on April 15, 2012 - 7:59pm.

Aww...no kumbaya stuff?

I promise not to go all Stevie Wonder on everyone.

Bobby Jean !

Submitted by Monedas on April 15, 2012 - 8:02pm.

I liked the way you dealt with Zilverreiger ! Our rights do come from God....and not the State ! Those mercenary, mercantilist Dutch Hyenas are whores for money....and that's their most charming side ! We and the Germans need to take those uppity, lap dogs down a notch or two ! They'd be nowhere if we didn't protect them ! How about a Defense Surtax ? Monedas 2012 Comedy Jihad Bitch Slapping Ungrateful Allies !

Conviction for theft of HFT Software from Goldman Overturned

Submitted by Fr. Bill on April 15, 2012 - 8:08pm.

One thief gets ripped off by another thief. Pity that.

Read about it here.

Opening lines ...

Before leaving Goldman Sachs to earn a millionaire’s salary with Chicago High Frequency Trading (HFT) startup Teza Technologies, Sergey Aleynikov made one last transaction. At 5:20pm on his last day, just before his going-away party, Aleynikov uploaded 500,000 lines of encrypted source code from the Wall Street firm’s proprietary HFT system to a server located in Germany. Following the clandestine upload, Aleynikov deleted the encryption program, wiped his command history, and headed to the party.

Although Aleynikov later managed to download the source code to his home computer in New Jersey before flying to Chicago, he was apprehended by the FBI while returning through Newark Liberty International Airport.

But after his conviction at trial and imprisonment during the appeals process (his dual US-Russian citizenship presented a flight risk), Aleynikov is now a free man.

The reasons why touch the entire software industry.

Loch Ness Monster ?

Submitted by Monedas on April 15, 2012 - 8:09pm.

That's obviously a Brontosaurus sniffing his "Bath Tub Bubbles" !!! Monedas 2012 Comedy Jihad Swamp Gas

Have a drink on me...

Submitted by DrkPurpleHaze on April 15, 2012 - 8:15pm.

One free drink pass as mentioned above...

http://www.tfmetalsreport.com/comment/154194#comment-154194

@Monedas

Submitted by question on April 15, 2012 - 8:18pm.

I bet your school teachers loved you

You keep me smiling

Monedas

Submitted by SaratogaPrepper on April 15, 2012 - 8:19pm.

You're too funny. That's not Nessie. That's Champ! Lake Champlain's version.

Keep up the good work Turd

Submitted by Turdle GG on April 15, 2012 - 8:23pm.

Turd,

you've got lots of followers and admirers, some of whom are active in expressing their opinions, most of whom (due to more important things like family) check in when they can. Pity that the detractors are often the vocal ones, but that's life.

Re: @Moderator Jane re: Take it to the forums

Submitted by HappyNow on April 15, 2012 - 8:24pm.

S Roche

I saw what you did there.

Thanks, both !

Submitted by Monedas on April 15, 2012 - 8:28pm.

It´s fun being naughty....I recommend it....while we're waiting for these stupid metals to do SOMETHING ! If I could learn to cut and paste....and draw; I'd make up some cartoons to compete with Clinky and Be Peppersprayed ! Monedas 2012 Comedy Jihad Champlain Bubbles, then !

Wow, I missed the party here

Submitted by Dr G on April 15, 2012 - 8:34pm.

Wow, I missed the party here this weekend, didn't I?

I see that both metals are down upon Globex opening. I guess that is what happens when the woes of the world get fixed over the weekend.

I would think that we will see continued $USD strength this week as the Eurozone (Spain in particular) tips it's hand to show just how weak it is. That's bad near-term for gold and silver.

DJ, Indigo and

Submitted by Stardust on April 15, 2012 - 8:35pm.

DJ, Indigo and Saratoga,... Glad to here about the stories of past jobs in the skilled trades. I'm currently (pun intended) on a wire pull 2000' long with (6) 500 mcm high voltage cables from a sub station to another distribution center at a refinery. They picked a spot in the middle and will splice them there...fantastic work I say. Glad to be back working . Ibew 8

Stay safe and keep stacking.

Rent to Secret Service?

Submitted by Boswell on April 15, 2012 - 8:44pm.

How about this one for the rest of us...

Housing prisoners in your own house to make the mortgage!

http://www.dailynews.com/news/ci_20393747/back-chain-gang-west-hills

"In fact, the suburban prison is not only a tongue-in-cheek publicity stunt to make a statement about families on hard times.

It's a ploy to help sell a Hollywood script, "Little Big House." Where desperate times call for desperate measures. Where a down-on-their-luck San Fernando Valley family turns to housing state prisoners to save their home. "

Monedas

Submitted by Candygram on April 15, 2012 - 8:49pm.

I want some of what you're having!

Stardust

Submitted by SaratogaPrepper on April 15, 2012 - 8:57pm.

IBEW Local 97. Glad to see a brother here!

US Mint sales of ASEs - first quarter 2012 - DOWN

Submitted by So It Goes on April 15, 2012 - 9:01pm.

Has anyone made a comment about the US Mint sales numbers?

For the first quarter sales of ASEs in 2011 were 12.43M

For the first quarter the are 10.14M. This is a drop of 18.4%.

In fact US Mint sales are down each month y/o/y.

http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2012

I find this rather sad because nothing is better about the world in the past year. But I would explain it as the natural tendency to get excited when the price is rising and buy - and not buy when things look gloomy and price is stagnant or down. Most people will buy the peak and ignore the dip. Human nature.

The fundamentals are the long term driving forces - FUNDAMENTALS ARE VERY POSITIVE FOR THE PRECIOUS METALS.

My .02 - Everyone needs to manage their psychology - don't take risks you cannot handle emotionally if your guess turns out to be wrong in the shorter run. This means - keep stacking and prepping.

My hat is off to you Turd

Submitted by JimmyTheHand on April 15, 2012 - 9:02pm.

It doesn't matter if your finding your bottom, telling us about your personal trades or posting one of those awesome charts you post, I like your style Turd. I appreciate your honesty and candor... I consider it an honor to be able to read your articles and to be able to come to this site to participate in the exchange of ideas that I cannot do with many folks I know.

Thanks for doing all you do Turd.

Stardust

Submitted by DrkPurpleHaze on April 15, 2012 - 9:05pm.

Cool stuff to hear.

It's nice to hear your back to work and doing it with pride and purpose. UA 22

Scrolling Along

Submitted by ReachWest on April 15, 2012 - 9:07pm.

Keep moving forward, Turd - I see those naysaying posters (the ones that leave, but keep coming back like a rash), the ones that make smart-ass remarks about Turd being a hypocrite and your measly few thousand bucks that you got back from MFing Global, then promptly lost in the futures market - whatever.

Life is too short and we have real battles to wage - I scroll on by.

A sincere thank-you for all that TFMetalsReport.com provides.

Turd town weekend talk.All

Submitted by Timber Tim on April 15, 2012 - 9:13pm.

Turd town weekend talk.All just hanging out together with feisty Turdite Love. I wouldn't want to be on any other site.

Turd gets noticed at 24hr. Gold

Submitted by Cobalt Silver on April 15, 2012 - 9:16pm.

Hey Turd,

Don't know if this is mentioned up thread, I do not have the time to read through the 300+ comments. Article at 24 hr. Gold is not a glowing review but indication that TPBT have taken notice and are working to counter and defend their comfy positions. The use of buzzwords like "cult leader and hedge fund buddies" is pretty much an indication of where the author is coming from. The author knows perfectly well who Mr. Maguire is and why he is organizing but urges us to sit back and take the anal rape that is price manipulation beyond any reasonable parameters.

http://www.24hgold.com/english/news-gold-silver-turds--gladiators.aspx?a...

Silver still on sale. Stack on.

PS. Bridgeport operator 50 hrs. a week. Far cry from a cult member.