Soon

It won't be long now.

Comments

sungweech's picture

CoT

Thx Turd... greatly appreciated.

Dagney Taggart's picture

So there I was....

just reading through all kinds of anger and bullying by those who claim to be against anger and bullying. As the saying goes, community is only 2 letters away from communism. Anyway, it was a good day.

This was something interesting and may be good for a laugh: "Bank Media Honcho To File Multi Million Dollar Brutality Suit Against LAPD" - http://www.freerepublic.com/focus/f-news/2917533/posts?page=5

A powerful honcho at Deutsche Bank is suing the LAPD and the City of L.A. for millions of dollars -- we're told up to $100 mil -- for allegedly being forced into a motel room by cops and then beaten to a pulp.

Brian Mulligan, the Managing Director and Vice Chairman of Media and Telecommunications for the Bank, claims on May 15, he was in the L.A. suburb of Highland Park -- near a marijuana dispensary -- when he was approached by 2 LAPD officers.

We're told Mulligan claims the cops walked up to him and asked why he was in the area, and then proceeded to search both him and his car. Mulligan says the officers found a large amount of cash in the car -- thousands of dollars -- and then put him in a police car and drove to a nearby motel.

We're told Mulligan says the cops told him to stay in the room until they returned. He claims he waited several hours, but the cops never came back. He says he felt he was being set up to be robbed or killed, so he made a run for it. As he ran out, he says cops were right there and began beating him mercilessly.

Mulligan says he was taken to a hospital, where doctors treated him for 15 fractures to the nasal area, a broken scapula, and severe facial laceration to a point where he "barely looked human."

Mulligan was booked for resisting arrest and interfering with law enforcement..............................

So who does one cheer for in this case?

Also, some of my friends are positioning for a short squeeze going into Jackson Hole, then nothing from the Bernank so we see selling until FOMC on 9/12-13. After that.........who knows?

Regarding fireworks? Soon all that's left will be fireworks. It's not really a secret.

TheGoodDoctor's picture

I guess Frau Merkel is back

I guess Frau Merkel is back from vaca now that the Olympics are done. Hell hath no fury?

PS I still think the markets have to go in the shitter before QE3 and I fully expect gold and silver to get hit again before that.

Silver Monkey's picture

Turd has dropped enough hints

Seems like this thing definitely has something to do with Blythe

1) Blythe is back video.....will she be able to do it....???

2) "Good luck with that Schnookums"

3) The 'Evil Women' video post.

So is Blythe going to get charged by the CFTC as part of their silver manipulation investigation?  This is my best guess.

Or maybe she going to turn on Jaime @ the Morgue and become a whistle blower to save her own hide? 

This is gonna get reeeeeal good!  Got my popcorn ready!

Gramp's picture

Thoughts

My conclusions have been reached prior to ever stepping foot in Turdville. I am responsible for my own actions. 

TF, your intention appear to be good. Let me say if they have been subverted, or maligned, God have mercy on you.

  I believe you to be a good man,  wading into a shark pool with  pork chop around your neck! lol!  

The understanding of Fractional Reserve Lending, CDS, Derivatives, ect that I have gained here at TFMR, is invaluable.   Even if the Boot IS on my neck... at least i know it's there. Now they turn too each other, placing the JackBoot upon one another's neck... That is where we are now. Best stay low, let the Big Dogs take each other down, meanwhile your opportunity is to accumulate. Phys, Food, Fuel, Friends. 

Just keep even keel,  lay low in the water. Don't make yourself a target, or a victim. Stand up and do for yourself what you have relied on from others.

TransmissionRebuilder's picture

Holding on

and waiting is easier said than done. BUT I AM NOT SELLING.  When I can trade a portion of my silver for a piece of land that has the ability to sustain my family I will make the move, but not until then.

On a side note, this whole waiting for the collapse stuff is really wearing me out. I started a new thread in the prepping section of the forums concerning this topic. Please check it out and add your thoughts.

Transmission Rebuilder

LOUP-GAROU's picture

Thanks

Thanks Turd,  really appreciate all of your hard work!  If only I would have stacked more in the $250 day, still a great run and expect to see more.

Air Garcia's picture

Max Keiser on Alex's show today

Mentioned a TON of info on JPM and it wasn't good for them.   Derivatives exposure of 90+T, and a balance sheet of -30+T ...

I am confident in his rock solid analysis from past information that has come to pass. 

Mr. Fix's picture

You really don't need any more hints!

There have never been more reasons for gold and silver to go up,

and go up in a major way.

And I have never been more ready for it!

Let's go !

Dagney Taggart's picture

@ Silver Monkey

Wasn't Blythe leaving JPM for Deutsche Bank? She was going to. Or maybe she was going into a dual role. I don't remember. Anyway maybe Turd could explain if this move is significant and more than simple logistics, if he hasn't ignored me.

Short Stack's picture

Worn Out ?

What's all this about the waiting is wearing people out around here ?    Where's the stamina ?   Where's the Vitality ?

Are we not Stackers ?  Are we not in this for the long-haul ?   For our families, for ourselves, for our respective futures ?

Do I need to put on a cheer-leader outfit and shake my pom-poms just to get some inspiration around here or what ?   (Man, that would be a sight, huh !   Half expecting someone to put up a video of Percy in a lettered-shirt and plaid skirt leading a cheer.)

Patience,  grasshoppers.   Patience.   The end will come soon enough. 

Dr Jerome's picture

Dagney

Seems that I recall that story about Blythe and Deutche Bank

thesandbox's picture

EXK

showing a bit weird right now in my TDAmeritrade account.... shows not a valid symbol in my command center...no high/low/last trade....and then in my account overview it shows up trading at 9.20 a few minutes ago and now back to 8.08. Anyone else catch anything weird in the last hour or so?

edit...now show a ask 9.21 bid 9.29 last 9.21...maybe a preview?

Arag's picture

China´s war of words on Gold

Hi there

Don´t know if this has been posted here already - if so, sorry for repeating.

According to the Voice of Russia, the main daily Chinese newspaper - Renmin Ribao - published recently an article mentioning the intention of the Government to multiply its reserves of Gold BY SIX (adding 5000 MT to what they say they already have).

Of course, no buying entity would find wise to announce in advance its intention to buy - and in such quantities even less. This means that China thinks the time has come to put a pressure on the price to the upside. Why ? I guess that they know that what´s left in London presently (after months, or even years, of shopping there themselves) is peanuts, and their stack cannot be increased much any more. And they are ready to take the opportunity of this situation to squeeze our dear Blythe and put the Western banks in a fatal corner - or at least to threaten to do so.

There is a war going on - it´s hot in Syria presently, but it extends to Iran, Pakistan and the South China Sea. The metals are a weapon the Chinese can use against the Anglo-Saxon establishment - and they now how and when to use it. The next weeks and months will be very interesting to watch.

SRSrocco's picture

HOW TO SUGAR COAT LOSSES....

U.S. SILVER CORP Q2 2012 NET INCOME IS A NEGATIVE $2.3 MILLION

U.S Silver Corp just had their Q2 conference call and pre-released their results.  We now know what the break-even cost for U.S. Silver Corp is... it is more than $29.41 oz (the average price per kitco for Apr-Jun 2012).

Here is the their results for Q2 2011:

Here we can see that U.S. Silver had $6.5 million in net income for the second quarter of 2011.  They did produce more silver this quarter compared to the Q2 2012, but we can see that their cost of sales were $18.5 million.

Now, if we look at their preliminary results below, we can see the stark difference a year can make:

Now... I am not going to compare U.S. Silver's Q2 2012 to Q2 2011, because they produced 100,000 more ounces the previous year and the average price of silver was much higher.  But, if I show what took place in Q1 2012, we can see how things have changed in just 3 months:

U.S. SILVER Q1 2012 RESULTS

TOTAL REVENUES = $23 million

COST OF SALES = $16.4 million

NET INCOME = $2.83 million

----------------------------------------------------

U.S Silver also produced 24,000 oz less silver in Q2 compared to Q1, but the cost of sales were also lower by $3 million.  This is how the Executive Chairman of U.S. Silver sugar-coated the losses in the quarter:

 said U.S. Silver’s Executive Chairman Gordon Pridham. “We are pleased to report the reduction of cash costs with Q2-2012 being lower than the previous two quarters as efforts remain focused on cost reduction.

Yes, it is true they lowered cash costs down from $21.06 Q1 to $19.31 Q2, but the lower price of silver is what really hurt their balance sheet.  I would imagine that their break-even  silver price would be more like $30-32... and not the fair price of $15 an ounce put forth by nitwits like Ned Schmidt.

Again... I bring this up to show how the lower price of silver is killing the silver miners.  Those with the highest costs and lowest production figures get hit first.

retireyoung's picture

I agree with ghost

Having gone through the precious metals rise and fall in the late 1970's and early 1980's, I continue to be struck by how human nature has remained the same.  We all want to know just what is going to happen in the future and we have a need to believe the predictions of others.  Many need to believe that SOMETHING BIG is going to happen soon--be it a rise (or fall) in the price of precious metals or total war in the Mid-East, or the pending downfall of our economy. 

Expert after expert was only too willing to take your money and share with you his wonderful predictions.  We were going to have $10,000 gold and $1000 silver and the atomic bomb was going to be used in the Mid East conflict.  Further, our economy would soon collapse. 

Didn't happen then and the odds are great that they won't happen now.

I predict that this year and next year will see no major change in our economy and no increase in the usual mayhem occurring in the Middle East.  And the price of gold and silver will be pretty much the same at the end of the year as it is now. 

Of course, you may observe that I, myself, am guilty of making predictions.  And that is true.  But I have a lot of evidence to back me up.  For one, NONE of the things that were predicted to happen thirty years ago by supposed experts actually did happen.  Two, look at the record of the more recent predictors.  How accurate have they been?  Pretty abysmal.  Three, you get my predictions for free. 

I got fooled by the "experts" thirty years ago.  I will not be fooled again.

balz's picture

@retireyoung

Well, adjusted to inflation, silver was more than 510$ in today's dollars in 1979-1980.  OK, it's not your 1000$, but it's still more than a tenfold increase from here.

bam's picture

TY Just a Regular Guy!

Excellent news!  Got a good portion of my Super in Newcrest (only gold miner available).

I thought the vast majority of Aussie gold went to China.

Wizdum's picture

Qtrly Statements`

When do the larger investment banks release their clients Qtrly Statements to them?
Soon after that I think they'll tear down the S&P and DJIA
..
 

bam's picture

@retireyoung

Guess you listened to the wrong experts 30 years ago.   Both Sinclair and Armstrong called the top in the gold market.   Those who heeded were out safely.

Besides, today is a different place in time.   The macroeconomic fundamentals are completely different now than then.  Just look at the debt levels.   Heck, most of the dangerous OTC derivatives, so much at the epicenter of today's contagion, weren't even invented back then.

And importantly, as Sinclair likes to say: in the 70s, gold was moving away from the system.  Today, gold is moving towards the system, in some form or fashion (witness Central Bank buying).    

Dagney Taggart's picture

@SS Re: Worn out?

A timely reminder. Means it's time to buy more.

aomegaa's picture

Well Said Dr Jerome

Really neat the way you wove the main issues facing us into a workable , realistic plan. I guess it's exactly what I have been doing only I was starting to get a little anxious about the short term. I am only half way to self sufficiency. Another year, with some short term profits from the miners, and I will feel a lot more comfortable.

aomegaa's picture

Hey ghost

Ever notice that when you lose something you always seem to find it in the last place you look?

Money By Trading's picture

Latest Charts, Weekend Commentary

I humbly submit for your consideration:

http://wp.me/p2CT0a-2N

Karankawa's picture

@SS Re: Worn out?

The beauty of Dagney's posts are often what they bring out in the comments they produce.

Thanks,

Karawanka

Long day.  Just want things to be clear.

Mudsharkbytes's picture

For no particular reason other than…

…it mollifies the disappointment get in Paul Ryan I when I view this clip:

I offer this almost surreal clip of Salvador Dali on "What's My Line":

Yeah, I know - it doesn't prepare for the end of any great Keynesian experiment, but hopefully some will find it entertaining while waiting for the big event, whatever it is, that supposedly will happen soon - maybe this week (can't happen too soon as far as I'm concerned).

lakedweller2's picture

What is new

Next week is the same garbage that has been the same garbage  for years.  Which Beatle song is that?  Which hedge fund has your back?  Which government regulator sleeps with your girlfriend?  Which politician doesn't run off of batteries?  Which country is utopia?  Why does this euphoria continue? 

Syndicate content Comments for "Soon"