Your Mother Was A Hamster

You don't frighten us, Cartel PigDogs! Go and boil your bottoms, you sons-of-a-silly person. I blow my nose at your so-called Jamie-King. I will not deal with you no more, you empty-headed animal food trough wiper. I fart in your general direction. Your mother was a hamster and your father smelled of elderberries. Now go away and let the metals rise or I shall taunt you a second time!


We stand alone and taunt our enemies. There are those who choose to capitulate and run in fear, led astray by mainstream MOPE and newsletter-writing shills. That is not us. We prefer to think for ourselves. We observe the facts and act accordingly. The paper traders may influence price on a daily basis but we have time, fundamentals and the simple laws of economics on our side.

Paper price has once again fallen to actionable levels, for those willing to trade in the casino. Gold and silver, when measured by spot price versus futures price, have moved to levels of backwardation not seen since early 2009. And this is an Asian holiday week. Several Asian markets come back online tonight and more reopen on Thursday. Physical buyers will return in earnest and paper traders will be forced to hedge and cover. http://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO20130211 & http://www.scmp.com/business/article/1148181/year-snake-year-buy-gold

The charts below illustrate the opportunity. Long-term stackers should be using any and all weakness to continue their accumulation. But...IF the "markets" present us with another opportunity to purchase some paper at a sub-1640 gold price or a near $30 silver price, consider it a gift. Be ready to act.

And here are your other random, assorted items that I've collected over the past few days. First, this very interesting blog piece, sent to me via email. It discusses the inaction regarding the implementation of the Dodd-Frank law. Keep in mind as you read it that, in the U.S., we supposedly elect representatives to go to Washington D.C. on our behalf. These folks are charged with considering and crafting laws for the general betterment of the nation. But then the kleptocracy gets involved and laws are subverted and undermined. http://www.dailykos.com/story/2012/10/17/1142285/-ISDA-v-CFTC-How-A-Judge-Abused-His-Power-For-Wall-Street

Here's something that will leave you with the impression that the stock market is about to go into the toilet: http://www.gold-eagle.com/editorials_12/long021013.html

You probably should spend some time listening to this: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/10_Eric_Sprott.html

And this research report is lengthy but worth your time, even if you just skim it.

QBAMCO - Locked & Loaded by zerohedge

 

We've been watching the Yen sink like a stone since October and it looks like the subject will be on everyone's mind in Moscow later this week, when the full G-20 meet. http://www.chicagotribune.com/news/sns-rt-us-g7-forexbre91a0fs-20130211,0,2456971.story. It's perfect timing, actually, as the Japan situation will serve to distract any and all conversation away from what's really going on...the inexorable march away from the dollar and every other fiat currency. Jeff Nielson has begun a new series meant to discuss these issues and Part 1 can be found here: http://www.bullionbullscanada.com/intl-commentary/26059-the-currency-war-part-i.

And this Bloomberg video is terrific. It discusses the "currency wars" but, from about the 3:00 mark on, the panel has a reasoned discussion of the gold standard. What kills me is the fixation upon the standard being unworkable because "gold is $1675". One of the guys suggests the real solution (which will happen) which is a revaluation of gold multiples higher. Unfortunately, that comment is quickly brushed aside and the conversation continues in a different direction. Regardless, this video is a must watch. Please do so. http://www.bloomberg.com/video/would-returning-to-gold-standard-end-currency-wars-_F9BhBKjR0WlvdP_8xdsqg.html

Now, go have a great day and enjoy taunting The Monkeys.

TF

329 Comments

Urban Roman's picture

David Schechtman's daily email

"...until this nation regains fiscal sanity."

And still waiting 28 years later.

Looks like it will take a complete and absolute reset and reboot before that comes to pass. I hope those kids and grandkids are able to hang onto that stuff, what with the big banks pilfering safety deposit boxes and such. 

Be Prepared's picture

@Turd - Jesse Cornish's Last Will and Testament

Turd,

Thanks so much for sharing that post.... Man, he said so many things succinctly and with great insight... over 25 years ago.

Texas Sandman's picture

The central bankers will be dragged kicking & screaming

into a gold standard is my position Turd.  We'll probably go through some sort of thing where they use a basked of reserve (paper) currencies first.  Maybe the old SDRs, or you'll see movement away from the dollars into euros or yuan by some trading regionally.  We went to war to keep iraq from trading oil in something other than dollars, but can't do the same with china or europe.

If there's a gold backed yuan, that would be a game changer.  I'd probably sell my pm's and just keep all my money in yuan.

Texas Sandman's picture

The central bankers will be dragged kicking & screaming

into a gold standard is my position Turd.  We'll probably go through some sort of thing where they use a basked of reserve (paper) currencies first.  Maybe the old SDRs, or you'll see movement away from the dollars into euros or yuan by some trading regionally.  We went to war to keep iraq from trading oil in something other than dollars, but can't do the same with china or europe.

If there's a gold backed yuan, that would be a game changer.  I'd probably sell my pm's and just keep all my money in yuan.

GS_PHYS's picture

Hope you are not including

Hope you are not including INDIA in the nations of THE EAST.

This nation is a run by very corrupt political/administrative class.

They are in the pockets of West.

Remenver Benny was in India just few months back followed by visit by Timmy.

Texas Sandman's picture

The central banksters

They will do anything to keep from using the barbarous relic.  My bet is we'll go through a bastardized fiat system before we finally get back to the only true money over the past 5000 years.  They'll try something like sdr's.  Or there will be several reserve currencies (euro, yuan, dollar,...).

We went to war to keep Iraq from trading oil in something other than dollars, but we really can't do that with europe or china.

A gold backed yuan would be a game changer.  At that point, I might even sell all my pms for yuan!

But the banksters will keep flogging the dead fiat for years, maybe even a decade or so more.

That's my position.

ReachWest's picture

LIVE - Sprott Webinar

Just a heads up - mentioned this in the temporary thread - but wanted to post here as well.

Eric Sprott has a live Webinar on right now (12 minutes in as I post this) - go here to register and listen. It's a roundtable with Sprott, Embry and Rick Rule. Great stuff so far. They are talking about a macro economic view.

They are taking questions too - you can enter your question and they may answer.

EDIT to ADD: Apologies - I see "The Green Manalishi" has already pointed this out on page one of this thread. yes

Gent's picture

Gold Vending Machines in US

**From Ed Steer**

Gold vending machine in Boca Raton may be first of many
Just outside of Burberry, Tory Burch, Stuart Weitzman and Banana Republic stores in the corridor next to the Brahman Motors Bentley display is a six-foot-tall golden box that dispenses 1 gram to 10 grams of gold.

Meris Kott, managing director of PMX Gold Bullion, said the machine was placed at the mall Jan. 4 and the company has a year lease. The company used a German machine about two years ago for a trial run at Town Center. This time PMX Gold Bullion Sales, based in Boca Raton and a subsidiary of publicly listed PMX Communities Inc. (OTC BB: PMXO, 6 cents), had its own machine designed.

Another machine will be placed in a Florida mall in the next few weeks, Kott said. Her goal is to have 10 to 12 machines placed in various malls by the end of June.

**From Gent**

I looked them up last night. Working with mall operator in Florida to put them in all their malls this year. Promising, IMO. Just bought some shares

ballzdeepnsilver's picture

@ GS_PHYS

Hence the Gold games being played by the Indian Central Banksters.  

Swift Boat Vet's picture

Comex Silver Failure ?? What do you think?

I was in the market in the 70s and 1980 when the price breaks happened and it occurred to me that, in the event of the silver market getting away from TPTB,  they would handle it the same way they screwed the Hunt brothers.

As I recall the Hunt brothers were stopped by a ruling that ONLY SELL ORDERS could be placed at the COMEX ---- AND----- The margins were immediately increased.    VOILA !  The Hunt's were screwed.   They were forced to sell to cover margins and the whole market conflated.

Do I have that wrong??  What do you think?

Swifty

P.S.   I think I read some time later that some/all (?)members of the CFTC were actually SHORT something like 38,000 contracts.   Is that true?  Does anybody remember?

Bobbejaan's picture

Tesco are giving treble points

Tesco are giving treble points on your Clubcard for all petrol, diesel, and ground beef, starting Monday.

The deal is called Only Fuels and Horses.

.

meddle magic's picture

PM stocks

are pretty much loathed around here but a micro cap CRCUF is making a 52 week high. I don't know of any others doing that. Bonds, getting beat again as well.

Magpie's picture

OT: IRS rules ZeroCare won't cover children

http://www.nypost.com/p/news/opinion/opedcolumnists/wheels_coming_off_QPojjZX0Bd8BU80hDpcKZP

The next surprise is for parents who thought their kids would be covered by an employer. Sloppy wording in the law left that unclear until last week, when the IRS ruled that kids won’t be covered.

Starting in 2014, the law will require employers with 50 or more full-time employees to offer coverage or pay a penalty. “Affordable” coverage, that is — meaning the employee can’t be told to contribute more than 9.5 percent of his salary. For example, a worker earning $40,000 a year cannot be required to pay more than $3.800.

But the law doesn’t specifically mandate family coverage — and now the administration says that won’t be required.

You can see why: If the lowest-cost family plan (again, two adults and three kids) is to run a whopping $20,000, and if the employee’s contribution is limited to $3,800, the employer’s tab would be $16,200 — adding about $7.40 an hour to the cost of that employee. Wisely, the IRS announced on Jan. 30 that employers won’t have to pay for dependents.

 
Green Lantern's picture

Re: Sprott Webinar

Sprott: The gold is not there.  

That seems to be the US gold standard.

Texas Sandman's picture

swift boat vet

My recollection of the hunt brothers is that this was in fact what they did.  They raised the margins very high & then went to "liquidation only" mode in the futures.

But that may not work in all circumstances.  Those who use silver industrially in very small quantities aren't sensitive to price; they simply need the stuff to stay in production is one example.  If they can't get it any other way, they go to the crimex, buy a future & demand delivery.

They aren't as easy to squash like a bug as the hunt brothers were.  If Apple goes to the crimex to get some silver & is denied it, they'll have a much more sympathetic ear with the powers that be.

JP Morgue is the crimex's right hand if not its cojones.  So yes, the crimex itself is short silver.  And rumor has it two cftc commissioners have their salaries paid by the morgue.  So, when you refer to jp morgue, the cftc, or the crimex, you might just as well use the names interchangeably.

And yes, I do trade at the crimex all day long in both directions, though I know full & fine well who they are.

Ted Butler, bless his heart, has been writing the cftc for years expecting them to deal honestly & forthrightly with the ongoing crime.  Only now is he beginning to suspect that as I've stated, JP Morgue, CFTC, The US Government, and the Crimex are all different faces of the same monster.

Dr Jerome's picture

Speeding: $50

And I thought I had heard everything! A fellow just came over to the house to buy my safe. It took us a while to load the 600 lb box  onto his trailer. While we worked we started sharing stories about how much we loved and trusted our government. He told me that in his county somewhere in the southern US, a person recently ran for sheriff who campaigned  in a pick-up truck outfitted with a sheet of plywood to serve as their rolling billboard. This candidate posted their bribe rates on the sign, promising to be fair in accepting bribes and not discriminate against anyone. Speeding: $50, Parking: $10 etc etc.

Now that's the kind of place I can appreciate, where you know where you stand and are treated fairly! crying

BagOfGold's picture

meddle magic...

Yes!...I'm up about 85% on Canarc Resource Corp since I added it to "the list" in Sept 2012...& I'm anticipating it will go over $1.00 this year...& will certainly be pleased to add it to The Empty Nester's Hall Of Fame!...Congratulations!!!...

Bag Of Gold

Beastly Stack's picture

Your Mother

"Is a smelly pirate hooker" Does anyone know who said that one?

ag1969's picture

My rambling feel good story

So a little while back someone posted a deal here which I ordered for a 1889 uncirculated Morgan Dollar which I ordered and subsequently forgot about.  Well yesterday, it arrived.  I was pretty psyched because I had not bought any silver this week.  As said earlier, I spent all my money on prepping.  So as happy as I was to get this surprise silver, my kids (6 and 4) were a little bummed out that they did not get any "silver money" as they refer to it.

As I also noted a while back, I also had ordered the 2013 ATB Silver Quarter Proof sets for them (which I had also kind of forgotten about) and today those arrived as my boys were eating their lunch.  So I opened the box and went over and handed each their new shiny.  They opened them up, looked at them, and then they turned to each other and high fived each other without saying anything. 

I thought the reaction was priceless and just had to share.

I purchased a little ammo this morning.  Was talking to the guy for a while.  I had noted how I was hearing of shortages but it did not seem like one there.  He said all of the ammo was out on display and none in the basement where they usually stock several pallets of ammo.  He said he could not find any .22 and all of his bulk packs were gone.  I bought (5) 100 round packs of CCI.  He had quite a few left.  I also bought some .40, .380, and 30.06.

I mentioned to him that I thought the gov't was going to go after ammo because going after guns would be a firefight as few would willingly give them up.  I said I wouldn't give mine up.  He smiled and said he would give them his "Butt end first"

A final note as some of this crazy snow is starting to melt.  It is a nice feeling, every three months or so when we get a dramatically over hyped "Storm of the Century", to be a prepper.  While all of my neighbors are waiting on line to buy a bunch of shit in a panic, I remain calm, go through my list, and get stuff "deployed" for whatever event I am facing.  I have weathered every storm well, and it gives a feeling of confidence in the path Mrs. Ag and I have chosen.  I just keep telling myself, "Courage is the management of fear, courage is the management of fear........"

Come on everyone sing along.  And if you don't like to sing, just whistle.  You will all feel better.  Cheers!

Edit:  By the way the 100 round packs of CCI .22LR were $8.99

StevenBHorse's picture

Beastly

Smelly Pirate Hooker- Ron Burgundy

Orange's picture

Sprott Webinar

Found it interesting. Nothing really new to me on gold and silver, nor I suspect other Turdites, however I did learn a lot about platinum and palladium. 

Listened to the end when the commentator chuckled and said we have to answer 580 questions by email they didn't get to. There was about 5000 listening to the presentation. 

Gent's picture

Gold Vending Machines in US

**From Ed Steer**

Gold vending machine in Boca Raton may be first of many
Just outside of Burberry, Tory Burch, Stuart Weitzman and Banana Republic stores in the corridor next to the Brahman Motors Bentley display is a six-foot-tall golden box that dispenses 1 gram to 10 grams of gold.

Meris Kott, managing director of PMX Gold Bullion, said the machine was placed at the mall Jan. 4 and the company has a year lease. The company used a German machine about two years ago for a trial run at Town Center. This time PMX Gold Bullion Sales, based in Boca Raton and a subsidiary of publicly listed PMX Communities Inc. (OTC BB: PMXO, 7 cents), had its own machine designed.

Another machine will be placed in a Florida mall in the next few weeks, Kott said. Her goal is to have 10 to 12 machines placed in various malls by the end of June.

**From Gent**

I checked it out last night = Promising IMO. Just bought some shares

Mickey's picture

Cornish

some needs to send that to our President so he can read that we cannot afford to feed and support the world

Nor should many of us be forced to feed and support the world--we take care of our own.

The Presidents best medium for reading is the teleprompter. If you tune in you wil see that tonite

Jan Roos's picture

Would you stack this way?

I'vebeen noticing "we buy gold"signs popping up everywhere here in South Africa lately. Today I walked into one of these stores and started talking to the owner.

He says he sends everything to the refiners.

Everyday they send him a text with the prices they are paying for gold and silver. Most of the stuff is in jewelry form and he told me he'd sell to me what I need for around the same prices as the refiner would pay him.

He gave me prices for today on 9ct and 18ct gold which I dont remember exactly what they were and then also on silver which was around $25 an ounce.

So my question is, do you think it's a good way to stack gold and silver in the form of jewelry if you can get it for below spot?

Thanks

Jan

Green Lantern's picture

We Let the Banks Fail

To those of you who think we need to raise the debt limit and save the banks.  I know you are there.   Please welcome to the stage Iceland

Iceland’s President Olafur Ragnar Grimson explains that their recovery from the economic crisis was based on actions that went against the orthodox prescriptions–Let the banks fail, introduce currency controls, provide support for the poor, don’t push austerity measures. Why are banks the “holy churches of the economy?”

meddle magic's picture

thanks BagOf Gold

wow good for you I'm slightly underwater on Canarc plan on selling most at $1. Perhaps, I'm wrong but it seems like yesterday was a capitulation event.

Complete And Utter Bollocks's picture

One of these?

I like the way it has "Money-back guarantee" written on the side.
Umm, so if you send back the gold, they'll send you gold?

HAHAHA! Geddit?

Jeez I'm good at this shit wink.

boatman's picture

refiners

i can tell you that i have dealt with UPMR in upstate new york and they are first class.

they sell marked stamped 10oz. jewelry 9999 gold bars for $10 over spot[.6%] + 35$ pour fee [.2%] +shipping n insurance....and sell other things.

they buy them back, they tell me, EVEN pinched-off pieces of them, for 10$ under spot + $75 assay fee.

or at least that was true for years up to a few months ago n probly still is.

they pay ALOT more for jewelry than cash4gold people[they ARE who the cash4gold people SELL to] but i believe their is a minimum to meet. 

SilverTree's picture

Software that tracks people on social media created by defence f

Software that tracks people on social media created by defence firm

http://www.guardian.co.uk/world/2013/feb/10/software-tracks-social-media-defence

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