Second! 

Turd, thanks for the podcast! I love me some Ranting Andy!

But seriously, thanks for a great year. You've put yourself out there (emotionally and financially) for the benefit of the community, and I know we all appreciate that. You are a gentleman and a scholar, and I'm happy to be associated with you.

The greatest thing about the PM community is that we have real people running the show. I Jim Sinclair and he responds--not once, but an entire email conversation about metals! I email Peter Schiff, and he responds! Turd is no different.

Merry Christmas to all. 2012 will be a great year. Lots of exciting things happening. If we are prepared, we should not falter in our views and morals.

How safe is the best guess ,even with your insights about these clever patterns.....  Isnt the PTB really clever too?? thats my concern....They show you a sly carrot stick and  maybe its a trap.

Charts show another wave going down in both gold and silver....but experts like  London Trader, and kyle bass, are saying ....the metals are getting scarce and that means we need to buy asap.  I believe the PTB are still very much in control of the whole rigged game.  The whole market is based on phony data, PPT   stick saves and end of day surges,  triggers of HFT computers,   an end game plan only They know, .... I smell a rat sometimes, and I wonder what the current scent    is wafting in the air. 

I see metals going down another wave, either soon or in the spring.  

On the S+P chart now.....is a subtle but presently visible...wave structure that is telling of a very possible Blast up to  1350 area  as a christmas  explosion of good cheer and  more PPT drama .   to end this awful year. and then watch out for 2012,and metals going down too.   I'll be happy to buy gold at 1500 and 1460 area 

NOW THAT'S thinking like the true power........hehehehe.....they will move the direction necessary to screw the most people......they already know their essential path....just fine tuning the next set up

I have been pondering this question for awhile.

If someone has just $35 to spend on metals, thinking long term, which is better:

$35.00 worth of junk silver?

or $35.00 worth of nickels?

Apparently they are contemplating changing the composition of nickels to steel, so good bye nickel and copper. Another coin debasement on the way ...

Nickels are:

In colonial America there was a third coin that had no value, it was copper, and was used as a barter item to fill in when one didn't have enough gold or silver, a copper coin or two was thrown in. They would haggle back and forth over the copper rounds and how many to add to the purchase price. (This is what my coin dealer told me when he suggested I begin collecting pennies.)

I've gone through pennies, and lots of the good ones are gone.

I'd love some feed back as this is a serious question. I've got lots of single Mom friends or retired single women friends who would like to do something, and have very few resources.

Nickels or junk silver? What's your thought, if you have virtually no money to spend?

@Katie Rose,

Both. Very recognizable. Metal content in both higher than face and gives you options on both sides. If someone insists on only one go w/ AG as you can walk into a coin shop w/ a few pre 64 dimes and get 90% of silver content value. That won't happen with nickels , they are a nickel until there is a currency devaluation. Thank you for your from the heart comments we can all learn from. Have a wonderful Blessed Christmas.

The Reb

Please remember our friends in New Zealand during their incredible challenge. To have some idea of what they are going through, click on the link below, select the option for the past week and watch. Unbelievable. This may seem crass; I mean no offense: the people of NZ are lucky in that they have no nuclear plants.

http://www.christchurchquakemap.co.nz/week

Count your blessings, and best to all.

###

Your conversational style seems to mesh very well with Andy's.  I'm going to send a link to this one to some of the friends and family I've been trying to get to see the light.  I don't think this alone will be a eureka! moment.  But your conversation with Andy is very similar in tone to Jim Rickards' interviews on KWN and elsewhere.  Very calm.  Very matter of fact.  No shouting.  No desperation, nothing to detract from an uninitiated person seeing it as common sense.

thanks TF.  Great stuff as usual.

Enjoy the holidaze...enjoy the family.  That's what it's all about.

C1

 Thanks TF.....Happy Holidays everyone! 

I finally gave in and purchased a 2012 Perth Mint Dragon 1oz coin.  I knew it was way overpriced at $99.99, but it's more of the novelty for me, I just bought one.

So it arrives today, and shortly thereafter, APMEX lowers their price by $20.   And here I figured I had finally waited long enough, I guess I was a few days early...

I'll let you know the next time I'm going to buy a special coin, that pretty much guarantees an imminent price drop after I spend the money!

hope its pretty at 200%

Classy and thoughtful - you ROCK!

Merry Christmas to you, your employees and the animals you are helping... and to all here as well !

T

You truly are are a gentleman and an erudite scholar...there are few of you enough. Thank you for the wealth of information you provide....it's more important than anything else? I am happy to hear your council...please don't stop!

was just listening to some *Eyes of the World and Brown Eyed Women*. Jerry and the band. Sure miss those guys.7../

Back in 2006 when I first started buying gold, my wife was skeptical, but didn't complain because I wasn't losing much fiat.  One day, I put 20 Eagles in her hand and let her make that classic sound (that only gold can make).  After about a minute of that, she gave them back to me and said, "when are you going to buy more"?

It's been 5+ years, and I still get that question occasionally.

TSA screenings aren't just for airports anymore

Roving security teams increasingly visit train stations, subways and other mass transit sites to deter terrorism. Critics say it's largely political theater.

Rick Vetter was rushing to board the Amtrak train in Charlotte, N.C., on a recent Sunday afternoon when a canine officer suddenly blocked the way.

Three federal air marshals in bulletproof vests and two officers trained to spot suspicious behavior watched closely as Seiko, a German shepherd, nosed Vetter's trousers for chemical traces of a bomb. Radiation detectors carried by the marshals scanned the 57-year-old lawyer for concealed nuclear materials.

When Seiko indicated a scent, his handler, Julian Swaringen, asked Vetter whether he had pets at home in Garner, N.C. Two mutts, Vetter replied. "You can go ahead," Swaringen said.

The Transportation Security Administration isn't just in airports anymore. TSA teams are increasingly conducting searches and screenings at train stations, subways, ferry terminals and other mass transit locations around the country.

http://www.latimes.com/news/nationworld/nation/la-na-terror-checkpoints-...

Peter was one of my favorite writers for many years. However, recently he has left a sour taste in my mouth.

While I would never take away the credit he deserves in calling the housing bubble, recommending the purchasing of PM from early on, and his testimony, before what ever subcommittee it was, on how more debt is not the countries solution to the debt problem. I would have to agree with Ann Barnhart Peter is all about Peter recently.

Starting with his trip to visit the occupiers. Where he is defending the 1%. Some of his statements are just totally of the wall and I believe he has turned off a lot of his followers. While I was happy to see Peter, somewhat, address Crony Capitalism and I believe this is important because the MSM loves to spin the occupiers anti-Crony Capitalism stance into Marxism, Socialism, or anti-Capitalism when all they want is a level playing field. Some of the other things he addresses are, in my mind, just plain old wrong.

The whole debate as to whether the occupiers are gathered in the right place or not seems mute to me. Washington or Wall Street? Who really cares? They Washington and Wall Street, are all tied together in their efforts to support Crony Capitalism and screw the rest of us. It is, after all, one big vicious circle (revolving door) between the two.

Peter does not want to pay 70% in taxes off his earnings. I don’t blame him one bit. However, he does not differentiate between earning made honestly and the highway robbery taking place do to Crony Capitalism. I don’t see the protesters complaining about the money Steve Jobs or Bill Gates make or the taxes they pay. What the occupiers are complaining about is monies earned through manipulation. The manipulation through front running trades, selling financial products while betting against them, paying zero taxes on billions in profits, taking huge bonuses and bail outs at the same time, using lobbyists to write laws and regulations giving them selves unfair advantages, and on and on.

For Peter to state the people who work for Walmart can just go work some where else, if they feel they are treated unfairly, is totally over the top. Twenty-million willing workers unemployed and 200 applicants for every shitty low paying available job and he thinks people can just leave their jobs. REALLY?

Then of course he gets into the old trickle down BS. As long as the inequality gap gets wider and wider and the more the general public realizes it, the less the trickle down theory is going to be sellable.

Again, I have a lot of respect for Peter. However lately he seems, as Ann says, to be all about Peter.

Rather disheartening. 

Turd - Our humble thanks for your diligence in providing the forum, the podcasts, and your valuable input.

A proposed scenario that could see Gold and Silver go lower before they go higher.

The "If " Scenario 001 (It is suggested we really need to start numbering these so that when we do a search on the site we can find the commentaries faster. Added comments and solutions welcome.)

Subject: The potential for prices to fall in both Gold and Silver - Probability is high "If scenario 001" but only briefly.

In this proposed scenario, the following GLD and SLV and their market effects could have this outcome if the following regulatory scenario play out.

If the following (CFTC, Volker Rule, and The Dodd Frank Bill) are successful in limiting margin, ownership of volumes of markets, Exposing & stopping manipulation in Silver and Gold markets.

What is the % chance (your opinions) that the market will try to liquidate the GLD & SLV shares after discovering they are worthless?

If the numbers are high for this potential and there is a sudden spike in sales of these stocks, would the commodity markets not see this as a devaluing of both gold and silver? (Even though this is a flood of paper commodity leveraged 50 to 1 up to 100 to 1. )

If this were to happen then every tom dick and harry could buy gold and silver at ridiculously low prices. This would leave the Manipulation Entity (ME) fighting against an even larger competitive market than there is now. This is not what the ME wants because the people in that volume would consume every last drop of gold and silver prior to the ME getting their hands on the lions share. Maybe that is why these mini manipulations are occurring. 

If the ME has a large amount of GLD or SLV and they want to increase actual physical commodity holdings in house. The ME first places a leveraged short bet.  The ME sells of GLD or SLV . This is how they line up the fiat for the commodity buy. The sell order is placed but only enough to lower the market to a still elevated level but, (Important consideration here) above the trigger orders of the other players. This would mean the ME should have knowledge of who has buy orders in and at what level are they activated. WHO in the industry knows this information? Is it possible the ME has access to this knowledge to pull the strings and win every time. 

If the ME and their methods were exposed there might be systemic failure. And now that everyone is acutely aware of what can happen with the case of MF Global fresh in our minds; the potential for a run to remove assets before SHTF is probable.

If you feel the markets could never dip because of this scenario please explain or respond with NAY.

If you agree this scenario has a probability of occurring please share why you feel this way or respond with YEA.

Jexy,

I see three possibilities:

Scenario 1:  We muddle through another year by printing just enough to get by.  In that case gold will probably continue to appreciate at 20% per year, because with almost complete control over the markets, this is what central banks have determined is acceptable for them in their campaign to acquire gold.

Scenario 2:  The central bankers have a big pow-wow, head home for the weekend and on Tuesday morning they announce a bank and market holiday, a new monetary standard referenced to gold, a revaluation of gold, and follow up with gold purchases, and aggressive printing.  If they do this by May, it will goose the economy and save Obama's administration.

Scenario 3:  There is a spontaneous collapse.  The bankers institute scenario 2, but they waited too long so the transition is accompanied by riots and other formalities accompanying the end of the world.

Scenario 4:  They fix the economy and unicorns and leprechauns skip down Wall Street.

What these have in common:  Scenario 4 isn't going to happen.  What else isn't going to happen is a dramatic spike in pm prices before the end because that will decouple gold from paper and bring about the end of the system/prompt central bankers to step in (a self fulfilling prophesy).  None of the remaining scenarios can have gold go up without that result, so we won't get our payout until the end.  However, they can continue to zombify the economy by printing  just enough to keep it slouching forward and allow some selling off of the markets.  In that case, you will see lower pm prices as everything sells off.  You will also see them throw the rest of their margin hikes at us at the end when the game is over anyway.

Prediction for 2012:  Lots of pain for paper watchers.  Lots of fun for stackers.  I really don't think we can get through 2012 before they pull the plug, so I'm buying all the way down.  This is the trade of my lifetime and I'm going to gamble it all on what always happens when nations spend too much, they flip from gold to paper, or from paper back to gold.  They have to print and they have to go back to gold.

The pressure on the price of silver is greater than the pressure on gold, so even though I don't think silver factors into the central bank plan to remonitize gold, it's the fact that central banks will no longer have a reason to suppress silver prices when they push the reset button.  That's when the huge compressed spring that is silver goes boinnngggg!  When they let go of gold, silver will follow, but silver will continue to ramp, for decades.

Combine this factor with the absolutely assured belief that some countries will use silver as part of their monetary scheme, further compounding the scarcity, and I would say silver has the best fundamentals of all.  

[Another reason I have some is gold will be next to useless if everything goes to crap, but silver will be instantly useful for trade]

Merry Christmas Turd and Turdites