Same Old, Same Old

168
Thu, Jul 28, 2011 - 10:00am

First of all, I want to thank again all who participated in yesterday's "Turdathon". The threshold I hoped to reach has been met and work will begin as soon as possible on the site improvements we discussed.

The criminals are after silver hard today. As that Dave guy pointed out back on Tuesday, the EE likes to raid silver on the two days post gold option expiry. Here's a re-print:

"One quick technical point about the gold market. As of this morning there were about 18,900 open calls at 1600 that expire today on Comex gold futures. Historically, the big bank manipulators write those calls and then drive the market below the price point at which they've written calls in order to keep the premiums. It's not huge money but it's been easy money for them over the last 10 years. Today obviously those calls expired in the money by about $17, which means the holders of those calls will likely exercise their option and take delivery of futures contract. A few months ago this same situation occurred and the manipulators hammered the silver market the day after expiration, likely creating a large number of sellers out of the traders who had taken delivery of their profit-position silver futures. It was a very transparent manipulative move, but effective nonetheless. IF we don't see the manipulators successfully "run the stops" tomorrow or Wed, my bet is that we will likely see $1650 gold very quickly, as this will be a very bullish signal that the gold cartel is losing its ability to manipulate the market at will."

Add to this the fact that silver open interest is finally rising, particularly in the front-month September contract, and you've got all you need to send The Monkeys into action. As I type, gold is down $1, crude is up 0.25 and copper is up 160 points, yet silver is down 70 cents. Hmmmm.

Gold continues quite strong, however. It's quite clear now that The Cartel has drawn a capping line at 1625. Like all lines in the past nine years, this line will eventually fall. All it does it give us a level to root for. As long as gold stays above 1610, it's only a matter of time. IF 1610 fails (like on news of a debt "deal"), look for support near 1600 and again near 1585.

Sorry for the brief update but time is short this morning. More after the close or as conditions warrant. TF

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Yooper Rick
Jul 28, 2011 - 4:55pm

zilverreiger...nutnfancy is

zilverreiger...nutnfancy is good but Hickok45 is an awesome shot.

zilverreiger
Jul 28, 2011 - 4:48pm
Eric Original
Jul 28, 2011 - 4:33pm

DPH

Wise choice, as kliguy said, to just stick with the 12. The weapons and ammo both are widely available.

Yooper Rick
Jul 28, 2011 - 4:32pm

DPH...check out Hickok 45 on

DPH...check out Hickok 45 on Youtube. Great source of info and fun to watch too!

https://www.youtube.com/user/hickok45

LongGoldLongSilver
Jul 28, 2011 - 4:24pm

Same, Same But Different!

Damn Turd, if I hadn't uploaded my entry a day before you, even I myself would've believed I copied your headline!;)

https://www.economicfreefall.com/2011/07/same-old-same-old.html

¤
Jul 28, 2011 - 4:24pm

Wow..thanks everyone

Knew I could count on the Herd.

I would want a 12 gauge ultimately but I thought I recalled reading in the "prep' forum some post where they discussed the advantage of the 16 and 20 and the ammo as being dual use.

Glad you let me know the facts. I used to have a 12 gauge long ago and a .22 rifle. Typical beginner stuff long ago.

Now I'm thinking a 12 gauge at some point would be a smart and relatively cheap investment.

Anyone that has a thread or post link on here about beginning to acquire guns and what guns and why etc. would be appreciated. Thanks.

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

ewc58
Jul 28, 2011 - 4:23pm

Rockin' JT!

That pic just cracked my shit up, thank you!

Yooper Rick
Jul 28, 2011 - 4:22pm

Colt match target competition

Colt match target competition HBAR. Reach out and touch someone!

ewc58
Jul 28, 2011 - 4:22pm

9 MikeMike, .223 and 7.62 x 39mm

Also fit Darth's wise guidelines for calibers offering cheap and plentiful supplies of ammo. The Russian 7.62 stuff shoots fine and will save you lots of dough, especially for fun shoots.

.22 rimfire is plentiful, cheap as is gets, and is great for small game/target practice/plinking.

Stock extra ammo for all calibers you shoot, if only just for barter. Go with these calibers, their popularity will also help in barter trade for other items you may need.

RockinJohnnyT
Jul 28, 2011 - 4:15pm

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Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

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