Too Surreal To Comprehend

There are days when I sit back in wonderment at the position in which "Jimmy Stewart" finds himself. To go from regular dope to regular-dope-with-amazing-contacts is sometimes difficult to deal with in that it's so surreal. Anyway, there's just a lot of interesting stuff going on in the world, 99% of which is never discussed in the media, financial or otherwise.

So, I try to make sense of it all and then pass it along to you. The hard part is deciphering what is worthwhile and what is not. And I'm not just talking about the PM-positive, "pumper" information out there. I get a lot of anti-PM, you're-all-batshit-crazy stuff, too, which, frankly, sometimes has merit. As an example, I give you this:

Over the past year or so, I've gotten to know Jim Willie a little bit. I've never actually met him and we probably wouldn't even recognize each other if we passed on the street. That fact, however, doesn't mean that I can't make a conclusion regarding his validity as a PM opinion maker and editorialist. Therefore, though he's got few ideas that I don't necessarily agree with, I think he's one of the good guys who is doing his level best to inform and warn as many folks as possible about what lies ahead.

In his update of 4/12/12, Jim included some rather juicy information regarding the link between current paper price swings and behind-the-scenes physical delivery. Now, you can write this off as the lunatic ramblings of a madman if you'd like (someone in the previous thread called him "the National Enquirer of newsletters"), but I personally think that this information is valid. Jim has an extensive list of contacts within the global financial system and, from time to time, these folks pass this type of quality information to him. Should you choose to dismiss it and slander him instead, ask yourself first "what kind of contacts do I have?". If you, as a detractor, have no contacts within the international gold trader community, maybe you should be willing to openly consider that the information Jim provides is accurate, knowledgeable and helpful, not simply tabloid-level heresay.

Here are the first, two paragraphs of the piece, followed by a link to the rest:

"What an incredibly complex confusing and treacherous month. It can be safely said that 80% of the activity is almost totally kept from the public. The financial system is breaking in an accelerated fashion. Compare to some grisly horror movie where a man is strapped in a chair. The more he moves, the tighter the bindings pull on his gasping throat and pressed nether stones. The most significant two factors at work are the Iran sanctions and their powerful backfire, and the futile efforts in Europe to stem the banking center collapse. The anti-USDollar federation that spans widely across the globe is gathering strong momentum. Financial aggression is being met by financial alternative development. As Greece moved off the daily news fabrication factory, the reality of a collapse in Spain and Italy has moved to the front center of observations. Meanwhile, the American nitwits continue to argue over Quantitative Easing when it never stopped, and in fact, went global under their noses. The US news machine, dominated by the syndicate, churns out absurdities after more nonsensical bites on an economic recovery. The subprime loan machinery has ramped up. The retail factor does not tell of strength, but of weakness. Spending on consumption does not indicate strength, but a path to ruin still not well recognized. The gap between reality and reports is diverging.

Back at the gold desk, another cartel member kill is in progress. A string of UBS-type gold arena deaths is the biggest untold story of the new decade. The UBS rogue trader story was a total fabrication, written and staged to conceal the removal of all UBS gold from their reserves inventory. They are a dead gold player. The gold community, even LeMetropole Cafe and GATA, appears to be missing the coalition kills taken place in sequence with each paper gold ambush. If the cartel wishes to drive down the paper gold price, then they must deal with the consequences of having one more cartel member bank offered on the physical altar in a death sacrifice. They are vulnerable from sovereign bond positions and weak currency positions. In the margin call vise, they must forfeit their gold, but in a long slow process as truly enormous physical gold orders are being filled over a pyramid of prices lower than the cartel bank wishes. Details are scanty, but the trail can be followed to some extent by false stories to cover the damaging tracks. The press did a wretched job in checking the facts on the UBS rogue story. The loss was over $6 billion. The trades were all approved at VP level. The trap was laid and UBS entered with both feet, the consequence for which was being expelled from the gold arena, probably forever, in a total loss of its gold bullion. No wonder the press did not report the actual story. It would have been a monster bull story for gold. If Barclays or Royal Bank of Scotland or Bank of America were having their golden blood removed on a table, with straps in place for directors of their gold desks, and hot pokers applied by coalition forces to extract their gold, the outcome dictated by incredibly insolvency and margin call vulnerability, the effect on the gold market would be magnificent. Such events are in progress in my opinion, based on some juicy information feeds. Rather than divulge the entire details of the cartel kill, the coalition prefers to move to the next victim in the Wall Street & London cesspool of finance."

http://www.gold-eagle.com/editorials_12/willie041212.html

As you know, another guy with whom I'm now able to communicate directly is Uncle Ted. The statement below isn't anything earth-shattering but I've been meaning to re-print it. It's taken from his mid-week update last week and it simply speaks volumes about where we are currently in the silver charade.

"I realize that we are currently in a period of doldrums in the price and this has blunted investment demand, the silver price driver with the most kick. Prices are down sharply from the peaks of a year ago and there is a self-fulfilling nature in all investment assets where lower prices discourage new investment. More than ever, the short-term control of High Frequency Trading (HFT) is exerting greater daily pressure to the price as real volume dwindles. I’ve noticed a clear pattern where most days we start out under price pressure. This makes it easier to for the COMEX commercials to contain the price. No one can guarantee that the COMEX commercials can’t rig another sharp sell-off. It’s enough to sap the resolve of even the most ardent bull.
 
But I would remind you that these conditions have been a regular feature of the silver market over the past ten year (excepting the presence of HFT). While we have climbed sharply over the past ten years, that extraordinary price rise witnessed its share of sharp takedowns and prolonged periods of price stagnation. For example, the price high at $8 in 2004 wasn’t exceeded for almost two years, as was the price high of $15 in 2006 which wasn’t exceeded for almost as long. It took more than two years for silver to exceed the price highs of March 2008 of $21 (when JPMorgan took over Bear Stearns). Yet anyone who bought at the former highs and held on was rewarded, as will those who bought at last year’s highs. (Going back even further, the decade or more that silver traded between $4 and $5 was the biggest price doldrums of all; along with being a great time to accumulate). My point is that during the last three silver price doldrums, the gloom and negative talk was almost thick enough to cut with a knife, almost the same as now. Yet history shows us that the very best time to buy was during past price doldrums as was it also the very worst time to sell."
 

I reached out to our pal "Winston" over the weekend to get some thoughts from him, too. He sent me a lengthy email which I will try to summarize. He is quite confident that there are some very large, sovereign buyers underpinning the physical market in London. (Note that this jibes with Jim Willie's assertations.) These buyers halted the paper selling on a couple of occasions last week and they continued to do so all the way into this morning. Did anyone notice that gold rallied at 3:00 am EDT today instead of selling off? This was due to the same sovereigns buying into, and post, the AM London fix. Winston expects this to continue to provide a floor for paper price. The key level to watch going forward is 1680-1685 as, apparently, there are all kinds of buy-stops at that level. Any move through there will trigger a quick rally toward 1700+. Above 1700 and the WOPRs will flip to "BUY" again and we'll head back off to another test of the critical 1800 level.

Interestingly, Winston's analysis fits in quite well with my charts, too. (Makes me feel a little less dopey.) As you can see on the charts below, gold is still struggling to make a permanent turning point. It's close, however. There should continue to be strong paper price support between 1630-40 and this makes another attempt at 1680 a simple eventuality. Once 1680 is finally bested, 1705 should be the final hurdle before another run at 1800.

paper_4-16amgold18.jpgpaper_4-16amgoldh.jpg

paper_4-16amgoldd.jpgpaper_4-16amgoldw.jpg

Silver, as you might imagine, has a similar picture. In the short term, it is still penned in a range between $31 and $33. However, very strong buying support continues to emerge between $31.00 and $31.25. The longer this support holds, the lower the trendlines "hurdles" get for the next rally. For now, all we can do is wait for a breakout through $33 before we can get really excited. Also, pay very close attention to the weekly chart below. We are nearing a resolution to the current pattern but it may still be 6-8 weeks away. Please try to remain patient. The next move in silver is going to catch a lot of people by surprise but not us.

paper_4-16amsilv18.jpgpaper_4-16amsilvh.jpg

paper_4-16amgoldd_0.jpgpaper_4-16amsilvw.jpg

Ok, I'm going to stop at this point because I've been in my office for about three hours now. I need a break and you need a new thread. More later today. TF

284 Comments

Pining 4 the Fjords's picture

TFMetalsReport:

Our motto: "Come for the market analysis- Stay for the guns and ammo discussion"

Turd Ferguson's picture

I hear you, Nephi

MODERATOR

I don't trust RT any more than I trust NBC, ABC, CNN, FOX et al.

Response to: Russian TV
R man J's picture

Dr G - correction

Appreciate your thoughts. Testing the bottom is a good way to look at that term - correction. Seems like 31 is a long term bottom. I realize that mass psychology dictates movements, I guess the longer one persists in studying the value of a commodity, the less susceptible one is in partaking in mass psychology. I have found that I am no longer like everybody else. Last year I was buying at $46 - but buying at $31 Is even easier.

My investing timeframe of 3-5 years tells me that silvers bottom should be in the 50s and that gold should be at 2,000 now.

SaratogaPrepper's picture

NY and Guns

NY & guns just do not mix. I'd really have to think hard before deciding if I'd even WANT to carry concealed. We have no "Stand your ground"  (no!, I do not want to argue about that case) rule here that I know of. Actually I think it's more like " runaway 2.75 miles then ask very nicely 3 times that they stop beating you" rule. 4 years, 7 months, 12 days until I can retire and move from this "Civilized " state. Spent 6 months in Houston (Sugar Land actually) last year on a project between the company I work for and ABB, nice people those southerns. Maybe not that far south, but definitely out of NY.

Fat Willie's picture

What a cluster this country is

Sorry, but we are on the brink of catastrophe on multiple fronts, we are bankrupt, we are losing our freedoms, Europe is going under, NK is trying to build rockets for nukes, NDAA, SOPA, etc. etc. etc.  need I go on.....

and CNN is spending 30 straight minutes on PIPPA MIDDLETON???????!!!!!!!!!

Who gives a *&^*&^*^& about that??  

We deserve what is coming to us.  We really do.

SaratogaPrepper's picture

Dr. G

I've never really understood the "too small of a caliber" mentality. I've looked at all the available ammo for a .22LR to .45 ACP. Didn't see any I'd like to take in the chest, none the less between the eyes. Actually at about age 12 I took a 10 pump .177 pellet rifle in the thigh, didn't like that very much either. Looking down the business end of that .380 would change most peoples minds.

Just back from my shooting range monthly meeting. 25 more new members. We are the only range within a 25 mile radius still taking new members. Lots of people buying guns for the first time. I' m a long time .308 fan. Been hunting with that caliber since I was 15, long ago. I like Savage Arms, inexpensive and dependable. But I'm looking at a DPMS Panther LR-308B after the 2 pistol purchases. Maybe Santa.

Fat Willie's picture

Guns

I got so pissed at CNN I forgot to share-

Glock 23  - .40cal  night sights.  Great starter SA.

.38 Special.  Inherited a classic.

Remington 870.  A great all around option for shotgun first-timers.

And of course, my long-reach zombie killer - Colt 6940 (AR-15 Quad-rail) with NCStar scope and green laser.  Nothing like taking out some frustration on weekends with that.

Anyway - Turd you are the man.  Never forget there are LOTS of people like me who only post once in blue moon, but read every post, every day.   Thank you for everything you do.

SaratogaPrepper's picture

Pining

Sorry, I'll stop. It's just that AG & AU have been SO DULL lately.......

Magpie's picture

Also too surreal

How can this be?  Please read the entire article.  Look at what is happening to this country.  No better than a banana republic with thousands of municipal, county, and state governments acting like a bunch of little dictators.  (Maybe just looking to the usurper in the WH for guidance?)

What's to stop the federal government from walking into Provident, Gainsville, or any other coin dealer, with no warrant, lots of guns and take the client lists, then come marching into our homes to seize PM's?  It's obvious there is no legal justice system left in this country and the various "governments" around the country are now free to do what ever they damn well please.  I am so pissed right now I can hardly think straight.

If any of you live in a farming community please think about printing off multiple copies of the article and handing it out to the right people.  And, some small regional newspapers still exist....email them the link.

If you follow the article to the end you will see other ways you can help.  If you don't stand up now, when will you???????????

http://www.naturalnews.com/035585_Michigan_farms_raids.html

Michigan government unleashes armed raids on small pig farmers, forces farmer to shoot all his own pigs

Monday, April 16, 2012
by Mike Adams, the Health Ranger

NaturalNews can now confirm that the Michigan Department of Natural Resources has, in total violation of the Fourth Amendment, conducted two armed raids on pig farmers in that state, one in Kalkaska County at Fife Lake and another in Cheboygan County. Staging raids involving six vehicles and ten armed men, DNA conducted unconstitutional, illegal and arguably criminal armed raids on these two farms with the intent of shooting all the farmers' pigs under a bizarre new "Invasive Species Order" (ISO) that has suddenly declared traditional livestock to be an invasive species.

~snip~

Call for arrest of Michigan's DNR agents
Based on the actions of the DNR, it is my belief that the DNR is a rogue, criminal gang of government thugs who are murdering livestock, destroying the lives of farmers, violating the constitutional rights of Michigan citizens and engaging in outrageous acts of destruction of private property.

Louie's picture

Turbo Tax Timmy & The Debt Ceiling

Hey Turds, don't forget to take your guns out boating with your PMs.  I think they will come for our guns before they come for our gold. 

I think the reason that Turbo Tax Timmy is out there talking about the debt ceiling is because he knows it is going to come up before the November elections.  The Republicans are planning on it being a campaign issue, and the Democrats are fearful of that.  The Dems know it will cause instability in the markets and make them look bad leading up tot he election.  The current debate about the Buffett rule is also campaign showmanship.  It won't pass, and the Dems plan on campaigning on, "Republicans give tax breaks to millionaires and billionaires."

Yawn.  If the equities go down in say Sept-Oct, PMs will follow (if the S has not HTF by then).  May present an excellent buying opportunity.  Save some dry powder for it.  Or if you are an options trader, think how you could profit from this.     

kingboo's picture

Stopping Power........

the reasoning behind the large caliber handgun is stopping power, period. Any gun can kill your attacker......eventually. What you really want to accomplish is to stop them dead in their tracks  (no pun intended).    A .22 caliber will kill em.............but not fast enough to keep em from killing you before he bleeds out...etc....etc. That wont console your family much....     45 acp  does a nice job.......or a nice large cal revolver...

    yup..........that'll do just fine.
Timber Tim's picture

@TheFool  Lindsey Williams It

@TheFool  Lindsey Williams

It was a good butt load fool and typed with speed. smileyWe are all being played including Lindsey. But all plays reveal something to somebody. All the somebody's  share there views.We all collect and map . The future is on this site now,we just need to keep connecting the dots.Till the true picture is revealed.

@Turd     "I don't trust RT any more than I trust NBC, ABC, CNN, FOX et al."

Only Press TV left now to bring unbiased,uncensored quality Journalism from around the world.smiley
Louie's picture

Argentina Re-Nationalizing YPF

Well, Argentina is taking over the YPF oil company again.  Well at least taking 51% of it, thus watering down shareholders investment.    

Wonder what that will do to the Argentina miners today?  If they can do this to the oil company, why not someone's gold mine?   

http://latino.foxnews.com/latino/news/2012/04/16/argentina-to-nationalize-spanish-controlled-oil-company/

Louie's picture

@ Stopping Power

.45 ACP- Even better in hollow-point.

When less is more.

jrobb316's picture

I heard about the events in

I heard about the events in Michigan today while listening to Alex Jones on the way home from work.  Almost made me cry.  Unfortunately I think AJ is right about trying to provoke a civil war in this country.  All its going to take is one of these farmers, or someone in the next group they decide to pick on, to just not take it anymore and take a few of these little dictators down with them as they destroy their life and livelihood.  Tension out there is getting pretty high, and I don't think the next Ruby Ridge situation will go down quite like the first one did.

I'll throw my gun selection out there,

can't go wrong with the SKS, fantastic weapon.  870 12 ga. and a 9mm round out my big 3.

murphy's picture

What a site

How great is this place? It's like a growing organism. I am not even talking about the hundreds of forums. Where else in 72 hours can you go from metals to politics to bacon and ham? Be accused of being elite and a member of a cult? See pics of sexy coins and expensive shoes, oops the other way around. See rescue missions on the water searching for treasure and firearms. Learn about current geopolitics. Even a place to look for a new job. Do I need to go on?            

As Ca. Law has said before, I love this place. Group hug.

btw, Kimber 45 ultra carry w nite sites and laser (belt and suspenders), Kahr 380, Springfield xdm 9, Ruger 22 shorty on a tripod for fun, and a Mossberg for the home.

@jrobb- nice looking avatar

kingboo's picture

Well played Louie..........well played

Doc1800's picture

Glocks

First off- I love my Colt 1911- simply love it, accuracy is unbelievable, at great distance too.  SOOOOOOOOOOOO SMOOOOOOOOTH.  Bulky for CC, but i'm 6'2 225 so I can pull it off.  Anyway about Glocks- so now I want a 45 ACP that conceals easier, looked at the Springfield EMP, wasn't sure.  Local gun shop has a model 30 Glock- I go for it as an affordable alternative.  This was my first Glock boys- always said how much i hated them, thought they were ugly and just no appeal at all right.  so the wife wants to take a level 1 pistol class- i take it with her and think heck i hate this little glock but i will use it for this class just to give it a little better chance, heck it might grow on me.  So this class is pretty in depth, lots of tactical shooting , man the Glock ripped, I mean the thing was awesome for all the tactical shoots.  Had some of the best groupings in tact and the best speeds of the entire group-( young marine with an XD was the only one with better- bless you all) So now i feel like i have cheated on my 1911- loved the Glock so much got the model 22 in 40 cal for the bedstand.  Folks Glocks are the best semi auto pistol for the money.  I still love my Colt and if i had to shoot at a great distance i would still rather shoot with it- but for the true application of a pistol- the Glock could not be beat.  My muscle memory is definitely GLOCKED now.  just my small input 

Bugzy's picture

News

You dont trust RT and especially as they have a show with Assange......!!!!

Apart from that pontificating left wing extreme socialist ponce they have on there (Hartman) it is quite a good show. Lyster, Alyona, Kieser.

Doing the interviews with Assange while he is under house arrest is a stroke of genius. There is so much effort put into silencing the man that not one other outlet would touch him......well done RT.

Transparency is key in stopping this mainstream media black-out and lock stepping quick march into 1984.

RT and Press do great work.

Yes it (RT) does not like right wing policy at all. That is my only complaint about them. They - the Russians - obviously want to promote a socialist agenda. They - the current Democratic party in office in the USA - are very happy with this stance too. All about control you see. Actually now that I have typed this out, I really have shot myself in my own foot (in keeping with the main discussion on main-street today ; )).

Hmmmmm might have to find an alternative news source - but were? Amy Goodman perhaps? Alex Jones maybe?........

Open to suggestions.

PS Sold my house today.

Bugzy.

Timber Tim's picture

It is small,but it packs one

It is small,but it packs one hell of a punch.Ammo it's everywhere.

NEW WORLD ORDER "BRING IT ON" 

ReachWest's picture

News Sources (RT etc)

I don't trust any of the news machines - none - they all have an agenda of one flavour or another.

I am very wary of RT (Russian controlled) - but they do have some good content. And - frankly Press TV - Iranian propaganda IMO.

@Bugzy: As far as Amy Goodman - if you're not left of left - I doubt you will enjoy it - I honestly can't fathom Democracy Now! It just isn't my cup of tea - far too progressive for my palate.

As far as viable alternative sources - you're reading it now. Turdville and it's mix of "this and that", with content and opinion provided by a multiple of personalities and backgrounds (with point/counterpoint) is probably one of the very best sources available today. [And - I don't say this to heap praise - it really is true].

Oh - yea - the other trusted source RNN laugh

Pining 4 the Fjords's picture

Saratoga- prep away!

I enjoy the discussion so don't stop on my account! I was just laughing at how I read this site all day and explain it to my lovely wife "It's for our investments, I need this information for the markets". And she walks by and there are glory pics of rifles, ammo, posts titled "I love my Russian gun".... And she is giving me the Stink-eye! That's why I posted that joke.

Edit- and Kingboo, I am with you on the 45 ACP- try shooting that round at much higher velocity because it goes through the 16" barrel of my H&K USC... I think I could stop a mammoth. I'm serious.

stephanie's picture

news sources

I don't watch network or cable news anymore. I read a lot of stuff on the Internet. Because the MSM is so biased towards the Democratic party (or the establishment GOP), I find myself more checking into The Blaze or Breitbart for news, as well as places like Zero Hedge, the Daily Bell, some quirky blogs, Reason magazine, and of course sites like this one. I also (sshhh) subscribe to GBTV, because I find Glenn Beck to be entertaining, and I'm fascinated by what he's building there and how he's trailblazing the area of online networks. And even though I don't agree with him on everything, I know it will totally make a lot of people flip a gasket if he does well. :-)

And this is coming from a woman who voted straight D ticket for 20 years of adult voting. :-)

PS Shameless self-promotion: I'm helping get a libertarian (small L) site back in gear, so please check it out (still getting fixed up!) - http://www.freeople.com

Magpie's picture

http://wyden.senate.gov/newsr

http://wyden.senate.gov/newsroom/press/release/?id=2f18cd7b-8207-4315-8c02-0feb64f51549

Monday, April 16, 2012

~snip~

“The scope of damage to the plants and to the surrounding area was far beyond what I expected and the scope of the challenges to the utility owner, the government of Japan, and to the people of the region are daunting,” Wyden wrote in the letter. “The precarious status of the Fukushima Daiichi nuclear units and the risk presented by the enormous inventory of radioactive materials and spent fuel in the event of further earthquake threats should be of concern to all and a focus of greater international support and assistance.”

~snip~

 
justin99975's picture

Mr. F

would greatly appreciate your feedback on this new executive order obama quietly signed which puts regulation on natural gas production.

http://www.shtfplan.com/headline-news/executive-order-federal-government-to-take-control-of-domestic-natural-gas-production-epa-set-to-move-within-one-week_04162012

is this a push for an increased price in a commodity that has been low for a while now?  Or an environmental fight against fracking?  Or both?

In the past, you have charted nat gas, so i am curious to what your thoughts are.

thanks, and keep up the good fight.  

johnnydow's picture

Motel GDX - Tom Bodett

We will turn the lights out before you get there.

Good Luck.

Pegasus's picture

R U A CONSPIRACY THEORIST?

From Deek Jacksons the FKN News

Some of this hits close to home.

If you're sensitive to adult language, you might want skip.

S Roche's picture

Italy

Exports of gold to Switzerland surging, Swiss 2 yr interest rate negative...that is called capital flight.

TheFool's picture

@ClinkinKY - Joe Biden

Oh man.... And I thought I was annoying when I was drunk. I'm surprised he didn't drop an F-bomb somewhere along in those lyrics.

Boswell's picture

Watch 'em ALL!?

AlJazeera, RT, NHK, France24, CCTV, BBC, PressTV,  NPR, depending on the region you are interested in, and sort 'em out later.

MHz Network http://www.mhznetworks.org/ runs a few of them in rotation if you want just one to watch...

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