Turd Talks Metals

I'm a true believer .... in general .... and especially when it comes to traffic circles ! They are round like coins and have pretty gardens and statues inside ! They are enviro-friendly and don't use electricity ! You don't have to change the stop lights to blinking mode in the wee hours .... it's happy hour all day ! Bums can't easily get to and from the green zone ! Work for food losers and panhandlers who wash your windshield with urine de-icer can't approach your stopped vehicle ! They are not hitch hiker and high jacker friendly ! Most litter works it's way to the outside for easy clean up ! Not easily covered by security cameras ! Fewer skid marks ! The more daring, creative, aggressive driver gets a leg up on the timid ones ! The best thing since wheel chair curb cuts ! No "Diamond Lanes" for government worshippers ! No tickets for California stops and not stopping behind the line ! Head on collisions are less likely ! T-bone collisions from people who run the light are rare ! Less fuel is consumed idling ! Saves time and lowers stress ! Less wear and tear on the brakes and cluthes ! If you forget to turn .... you get another chance the next time around ! It's harder for police to pull you over !  Motorcycle police are too busy watching their asses to notice what you're doing wrong ! If anyones knows of other reasons .... please send them with a donation to:             Monedas      1929         Comedy Jihad Shovel Ready Traffic Circles Stimulus Package Inc.      

Problem solved. Next.

... and Eric King has some competition at last.

Turd, just don't worry about interviewing Eric's regular guys, apart from Rickards, who doesn't seem to appear on Eric's blog these days

"Rule 2: Cut the price in half. Now lower it.

Thanks to the success of Apple's iTunes, we now have a standard price for a downloaded track: 99 cents. But is it the right one?"

Turd, all the best with your new site.  Let's see if you can really keep this (TFMR) site going as well as it has so far.  Time will tell.

I, for one, would rather read your thoughts than listen to them.  It's quicker.  

...until now that our beloved Turd was related to Mr. Hanky.

That Turd's new site will NOT be better than this one. If it wasn't then why would you pay the price? Silly question. Will we hear anymore from the Golden Jackass or will we hear it a month later? I'm thinking the heart will be where the money is.....as it should be in this case. Sorry it came to this but it's understandable.

Chief Justice Roberts voted with the liberals on 3 of the 4 issues brought forward which I though was unusual.  Here's what I think - I think this was an effort by Roberts to toss the Obama Administration a bone prior to the big slap down on Obamacare.  Hope I'm right on this.  As I understand it, the Arizona police officials cannot release an offender that they suspect of being illegal until that determination is made, yet Big Sis says she won't help Arizona police in any way - therefore, is it safe to assume that these people will be detained indefinitely pending determination of their legal status?  Sheriff Joe might need to build some bigger pens and pitch bigger tents; and I hear it can get hot out there in Arizona this time of year.  Who will blink first?

This is that form for holders of foreign financial accounts - Foreign Bank Account Reporting. 

Read somewhere that the deadline for the form TO BE RECEIVED by the Treasury Dept. was June 30. NOT the postmark or date mailed -- RECEIVED.  Stuck in my mind 'cause it seemed kinda really tricksy... especially with a potential $10,000 penalty for lateness... and the guy was really ranting about it... (Jim Willie?) 

Go here, to the horse's mouth:

http://www.irs.gov/pub/irs-pdf/f90221.pdf

(I emphasized it, not the gov!) 

Form TD F 90-22.1 (Rev. 1-2012)

General Instructions

Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (the “FBAR”), is used to report a financial interest in or signature authority over a foreign financial account. The FBAR must be received by the Department of the Treasury on or before June 30th of the year immediately following the calendar year being reported. The June 30th filing date may not be extended.

Who Must File an FBAR. A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. See General Definitions, to determine who is a United States person.

Busy, here's some charts.

ES 20:

http://www.screencast.com/users/RandyTabit/folders/ES/media/5969c9eb-8440-4b44-8f67-7e6a0a82b499

SI 20:

http://www.screencast.com/users/RandyTabit/folders/Silver/media/e6ef3532-eed5-487a-8f22-cc9a9ca8ccc1

My understanding is that the PENALTIES for non-compliance are serious. As in up to $100,000 fines, etc.

That's nothing... try ONE HALF of the MAXIMUM VALUE of the account at any time during the given year.

THAT is the penalty one should be very wary of... and one which makes being obscure about what IS and what IS NOT a foreign financial account HEINOUS.

Another PAWN STARS episode on SILVER!

Fast forward video to 4:25 - SILVER PLAQUE OF MOUNT RUSHMORE

0.999 PURE SILVER commemorative plaque by the son Lincoln Borglum (30.8 ounces)

Rick:  There is close to $1,000 worth of silver here.
Old Man:  Yeah and I can melt it.
Customer:  No, no, no, don't melt it!
Old Man:  You'll never lose fine precious metals.  That's why we call this place "The Gold and Silver", not "The Copper and lead" (pawn shop).
Rick: People will pay good money for a collectable like this.  And even if it doesn't sell, the value of the silver is worth more than I paid anyway.  So I feel pretty good."

Fast forward video to 21:15

Rick: Sorting scrap (silver)?
Old Man: yup
Rick: One of the things my dad likes to do around here is sort the gold and silver.  He wants to figure out what gets strapped.  What gets sold in the showcase.  And this should definitely not be here (Mount Rushmore silver plaque). 
Old Man: Why not? 
Rick: Because I can sell it for more than the scrap.   Why do you want to scrap all the silver?  It's just weird to scrap it to begin with, alright?
Old Man:  The way I see it we can profit automatically.   The only thing my idiot son does automatically is lose hair.  It's silver son.
Rick:  You can't scrap George Washington.
Old Man:  Why not?
Rick:  Because you can't.  It's wrong.

"Rick and the Old Man are presented with a commemorative plaque of Mount Rushmore. Made of pure silver, will they silver tongues to get a good deal or will the seller’s price be set in stone? "

http://www.watchpawnstarsonline.com/episodes/s05e34-to-the-moon/

Hope someone posts this video on YouTube.

Honestly, it's probably best to just tuck any surplus into some small silver coinage.  It seems that would go farther.

Interesting move in GSR. As usual, as silver higer, GSR lower. May be a crash top instead of head shoulder reversal-or we have a new head. Silver prices tell its first option, but as they are not trending anywhere, neither we should assume GSR trend as broken yet. It is still within a sloped channel starting from March 2012:

But these prices (not todays, just of late) just brought me out of stacking retirement! At some point we'll be seeing the 20's for the last time (days/weeks/months who knows, who cares). 

Also I feel compelled to warn, if I recall correctly, near all stacking purchases have preceded a price decline (and were all temporary of course as this current one is/will be). Remember, if you're that way inclined - less teeth gnashing, more coin rubbing!

Now back to bleeding some more fiat playing with leverage...