Recalling Last Tuesday

Tue, Jul 26, 2011 - 10:08am

Just a couple of things while we wait for The Wicked Witch...

1) Once again, The Cartel raided the metals in the U.S. overnight. This time, they extracted about $6 in the 5 minutes beginning around 3:25 EDT. This has been their recent pattern. Over the past two weeks, raids have been a frequent occurrence between 3:00am and 5:00am EDT. I do not have the charting capability to print a 15-minute or even an hourly chart that goes back the past 10 days. If anyone does, please post it in the comments below. I'm sure it would be telling.

2) The POSX looks the part today.

The fact that it is close to breaking down through the bottom of its range yet the PMs are NOT rallying leads us to point #3...

3) Be on guard for another Tuesday Globex raid by The Forces of Evil. Recall last Tuesday...They showed their intentions by raiding the PMs in the overnight. They were unable to generate selling traction during the pit session as all commodities were sharply higher. They waited until the pit close (and after the time cutoff for the CoT survey) to raid.

What have we seen today? An early morning raid and a pit gold price that's tough to "assault" because of the extraordinarily weak dollar. Same conditions as last Tuesday.

And with the atmosphere ripe for a headline or even a rumor or some type of "compromise" in D.C., you've got all of the ingredients for an EE beatdown. Oh, and don't forget that today is August gold options expiry.

Be careful out there. A full-scale attack could come at any time. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 26, 2011 - 10:43am


Great letter, one suggestion. take this comment out

Those white collar criminal bankers should go to jail.

They will label you as an aggressor. I understand your position and the rest of what you stated is fact and warranted.

Remember those that sleep together stick together. Knocks at the door is not something you need.

Jul 26, 2011 - 10:46am


If you read about the causes of the French Revolution in 1793 you will find solace. Nothing new under the sun here and back then it was actually worse. Mass starvation in France the winter before they marched on Versailles to kidnap the King and Queen. I think the first heads taken were banksters in fact. There are general readings of this on youtube and "Tale of Two Cities" remains one of the very best accounts. It will give you support, knowing that this has all happened before.

Jul 26, 2011 - 10:57am


Gridtime! Graceland Juniors subs watched Uranium One blast 50% higher in 3 weeks, from about $2.45 to $3.75. There appears to be a sort of mangled but large head & shoulders pattern on the stock, and the Japan “it’s all over for the yellowcakes because my dog said so” hit was perhaps the last major sale opportunity to get in on the party before it goes astro. The bottom line is that if you are new to juniors stock investing, you need to understand that, by far, the bulk of the stock you buy is going to be in the “surprise, you’re on fire” zone, not the “I’m the great juniors analyst and I just called the turn” zone. Stocks tend to tank “out of the blue”, and only by being prepared to buy all the way to zero can you survive, let alone prosper, in the juniors arena. See you... on the grid!!!

Jul 26, 2011 - 11:00am

@ shill

I wish I would have got your advice before I sent it. Oh well. Now that you mention it, I had never been audited in 28 years until last summer. Must be a coincidence. BTW, they got virtually nothing from the audit. Just another wonderful way to spend tax dollars.

Thanks for all you do here. You are a news gathering machine.

Jul 26, 2011 - 11:00am


@SilverWealth...your right.

Other people in history have had it wayyyyyy worse then us or myself complaining about my PM stock options. Seems petty in that context but nonetheless we are watching market manipulation with aid of the Fed. and a blind eye from our elected officials.

I would only hope at some point a sharp question is directed at a politician about all of the PM manipulation in the market place. Ron Paul touches upon all of the things we are worried about in our Govt. and he literally gets no MSM coverage.

Last week he spoke openly of a secret govt. banking cartel etc. and you heard almost nothing at all except what was on ZH.

How can a presidential candidtae say something like that and no MSM picks up on it at all??? Something is very, very wrong there.

Jul 26, 2011 - 11:02am

More Obama "strategic communication"

I really liked the ZH version of the speech: “My fellow Americans... blah blah blah... stalemate.... blah blah blah... runaway spending... blah blah blah... all Bush's fault.... blah blah blah...” That version says it all. But there were three things from the speech that caught my ear: an absurd statement, a scary statement and some fear mongering. Obama said this: "Understand — raising the debt ceiling does not allow Congress to spend more money. It simply gives our country the ability to pay the bills that Congress has already racked up.” That is like saying to your bank, “No Sir, Mr. Banker, I won’t be irresponsible with my credit limit increase, it lets me pay for stuff I already bought! Pleeeeze?” That’s even more dishonorable than going out and buying more stuff, yet Obama seems proud of it. He also said, “If that happens, and we default, we would not have enough money to pay all of our bills…” You know, I’ve been there, in 1986, sitting at my desk, staring at my stack of bills and weighing it against my bank account. When Obama said this, that sick feeling came back to me. But something was wrong…Here was the president of the US begging for money, hat in hand, whining that we cannot pay the bills! All the euphemisms were missing in this speech—debt reduction, deficit spending, debt ceiling. They were replaced with “pay the bills,” “credit rating,” “skyrocketing interest rates,” –terms from the average person’s vocabulary. The scene was scary. For a moment, the dignity of his office was overshadowed by a broke guy asking to borrow some money. I have never sensed such a loss of dignity in a speech from a US president. Not until now. I am really pissed about this national debt! But I got even more annoyed when Obama continued about not enough money to pay “bills that include monthly Social Security checks, veterans' benefits, and the government contracts we've signed with thousands of businesses.” When you’re broke, you make choices about who to pay and how much. And it’s the not people you depend on that you don’t pay, it’s the unsecured credit accounts you skip. Imagine how much sympathy Obama would get from Americans if he made different choices about who doesn’t get paid: “bills that include interest payment to the Fed, new aircraft carriers, and legal fees for the fine lawyers who work here in Washington…Oh yeah, I almost forgot, bonuses for the bankers that saved us in 2008.” We shall raise the ceiling. Our credit rating will be lowered and interest rates will begin to rise (unless Bernanke has another trick up his sleeve). QE will continue. Our slippery slope steepens. The debate is really about raising our national credit limit enough to put Obama through the next election.
Jul 26, 2011 - 11:06am

@ Murphy

Any time friend.

Be well

Jul 26, 2011 - 11:08am


Your right about the language and how they can interpret it these days. They need little pretext to investigate and harass and then charge someone as a domestic terrorist for making domestic terror threats.

Now we know why no one with any nationally recognized persona is willing to protest or start any type of real campaign bringing these things to light.

The electronic technology, surveillance and ability of them to track anything through the internet or cell phones etc. is scary and they are on top of it.

Big brother and Orwellian, you bet.

Blue Sky
Jul 26, 2011 - 11:11am

Not much of a raid.

I'll take. I'm off to buy a lottery ticket as the odds of me being first were so slim it must be my lucky day.

Check out Gold Miner Forum for info on my best pick and it's holding up well on these down days. Love the forums.

Lots of entertainment on the main page but it's strictly business in the forums.

Jul 26, 2011 - 11:17am

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