Happy Anniversary

Mon, Aug 15, 2011 - 10:31am

In case you missed it, today is the 40th anniversary of the decision by the great republocrat criminal, R. Milhous Nixon, to remove the U.S. from the "gold standard". The Turd was only five when it happened so I cannot be held responsible for my inaction.

Nixon Ends Bretton Woods International Monetary System

I wrote about this some time ago. For your enjoyment, here's a link:


OK, enough of that. All of the commodities are up this morning but gold is down. That is about to change so let's get started. We have a few things to cover.

First up, gold. In January, near the bottom of a nasty correction and with gold near 1340, I gave you "1600 by 6/10/10". When the call came up either $22 short or six weeks early, depending on how you look at it, I took a rash of sh*t from people who, apparently, expect perfection. Several weeks ago, when gold broke through 1600, I gave you "1800 by Halloween". That seemed to work out pretty well. Hmmmm. Lots of crickets out there. Now, I'm on the line with "$44 silver by Labor Day". Lord help me if silver only makes it to 43.92. Anyway, back to gold. As you can see on the chart below, it is clearly forming a short-term bottom. It has twice tested and held key support between 1725 and 1730 and has since gone flat. This won't last long. Your first clue that gold is heading back to 1800 will be a breach of 1750. Watch that level closely.

Silver faces a moment of truth later today. It is getting ever-so-tightly wedged into a pennant. All signs point to silver breaking UP and out of the pennant. The fundos are extraordinarily strong and on a short-term basis, all of the other "commodities" are up today. Watch the 39.50 level for clues.

Lastly, I found this earlier today on ZeroHedge. As you know, I have a penchant for historical trends and patterns. As Shakespeare said, "what is past is prologue". In the case, the author has found some startling similarities between the current day U.S. and the late stages of the French monarchy. Before getting started, I suggest a stout cup of coffee or some other mental stimulant. Though the information is well-researched, I found the manner in which it is presented to be somewhat challenging. But, what do I know? I'm just a turd.


At any rate, here's the paragraph the bast relates to what we do here. If you're still living in some dream world where you follow the "stock market" in the hopes of growing your "retirement account", the passage below should help raise you from your slumber:

"Painted in oscillating shades of red and green on our dealing screens, we can also see the full, epileptic frenzy of our broken financial markets, no longer evidence of the rational allocation of hard-spared capital to the enriching process of patient and diligent entrepreneurship, but a wild, computer-driven video arena where countless billions swarm into and out of the sea of tickers from one micro-second to the next, with each successive ebb and flow of this leveraged flood further reducing the informational content of the associated prices and so defeating the very purpose of the capital market itself."

I have lasts of 1745 and 39.51. It's going to be a very interesting day. More later. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Aug 15, 2011 - 11:01am
Aug 15, 2011 - 11:04am


Labels we associate with such as country of origin, religion, race, education level, wealth, sport teams, and countless other human-created labels are what I consider the root mental barrier

in which separates man from working with one another. Instead, we live in a world of perpetual competition with one another. Who said it has to be this way? What if these labels did not exist? What if we as people were able to drop the labels we have assigned to each other? What if we looked past the generalizations of human diversity, and focused our energy in a new direction?


I'm trying to understand what that quote is saying. Countless utopianists have tried to "wipe the slate clean" and start with all new premises. And they've all failed spectacularly. Like Turd just quoted, "The past is prologue." Humans create categories otherwise we couldn't function. Those categories instill meaning to our lives. Religion, education, culture, etc. are also the means by which we live.

There's nothing wrong with pointing out that a certain category of elite are criminal and we should all come together and end it. But, if you're advocating one world altogether, well, count me out.

I don't need any All One New World Order, because you just KNOW that some group will always try to grab control of it in order to enslave us all. Diversity in communities is the answer, not one size fits all. If one party fails, at least there are others who can help pick up the pieces and keep things going.

And that perpetual competition is what propels us forward. I admit, sometimes it seems like it's gotten out of hand, but that's a question that can be addressed without throwing the baby out with the bath water.

silver foil hat
Aug 15, 2011 - 11:04am

re: CNBC sez banks to stop shorting silver and gold

(from last thread)

if true, ... do you think this has anything to do with it?

Message to Jes Staley 7-Aug-11 09:46 pm

Libenter homines id quod volunt credunt - (Caesar)

The Leader expects your answer promptly or it will be thermonuclear within a fortnight. Ask Ken Lewis if he has this understanding!!!

You're going home in a body bag do da, do da....... -"wynter_benton"
Aug 15, 2011 - 11:05am

Monedas predicts Ag cracks $50 "Crystal Ceiling" on 9/5/2011 !

Just throwing my yellow hat onto Huge Reaction's pole......er.....poll ! Does it have to close above $50 or just diddle there awhile ? Monedas 2011 Healing sick liberals one brain cell at a time !

Aug 15, 2011 - 11:05am

Man, how apropos is it that

Man, how apropos is it that there's a big Mobil sign right behind him?

Re-elect his corpse. It's time to come full circle.

Aug 15, 2011 - 11:15am

POSX in freefall

This freefall in the POSX needs to happen if anything is going to be implemented in regard to any new currency talks by the IMF or World Bank etc. They'll probably bring the subject up again soon.

A new currency can't be put into transition imho if the POSX is still relatively strong. It needs to go through $73 for TPTB to start talking about the possibility in the MSM for it to gain traction. Everything is lining up for that kind of talk to begin.

I'm not advocating or looking forward to any of that but that's how I see the stars aligning. At some point TPTB need the USD to get really sick so that the alternative to the USD appeals to the masses. I think we'll have a newly weighted currency with a basket of others to start with and then a gradual (or not so) lightening of the USD there after as the Yuan rises.

( I do not like the sounds of that or writing it but that's why were collecting phyz. sadly enough)

Aug 15, 2011 - 11:16am

@silver foil hat

H'mmm....the plot thickens maybe?

Aug 15, 2011 - 11:18am

Nice silver chart Scott J.

I see lil scamBO revaluing gold to 7K as Rickards suggest on KWN, before the hammer is down on another presidential bid for '12. Can't get greedy and go all in gold but you need stay ahead of the neoCONoplians. FDR did it the 30's; revalued gold! With all those USDinker dollars sitting on nations books as the world reserve currency you bet it's coming in an instant; overnight suddenly before the lil scamBO scurries off to the rock he crawled out from under. Certain nations will hate us so much more as we enter WWIII to cover up the real reason for war; bankster gangster fraud upon the world population. This time the banksters fail and a new King comes for the duration of 1000 years. Better prepare for this as well.

Aug 15, 2011 - 11:20am

@Irene Nah I am not


Nah I am not advocating a "one world order," nor a utopia. Rather, I am merely suggesting that we drop the labels that separate us from one another, as they are what has kept mankind pinned against one another, all the while slaves to the greater fiat empire and those who run it. The rabbit hole goes deep, and research has lead me to believe that many of these labels have been manipulated/emphasized so that we see each other as enemies. Instead of being afraid of one another, I am merely suggesting looking inwards and understanding that we are all the same... the result of a 1 in ~6,500,000,000 probability of your unique self.

I have no grand plan or any solution that I am trying to promote, instead I only am only trying to spread awareness.

An example:

Animals lining up to enter the slaughterhouse... it is useless to argue about who goes first and who goes last (and all of the *logic* that goes alongside this debate), instead I propose that the animal looks at the reasons why they are in line for an event that they are not the creators of. We have relinquished our power by looking outwards... it is time to look inwards and understand that if we don't work together, to the slaughterhouse for us all (figuratively).

Thanks for the feedback


Individual Liberty = Collective Liberty. However, Individual liberty requires an educated public... thus where awareness comes into the picture :)

Aug 15, 2011 - 11:27am

Nice work on that

box of .22's beinki, very cool. Max will love it.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Recent Comments

Forum Discussion

by IGBY, 2 hours 36 min ago
by JAL, 3 hours 38 min ago
by JAL, 4 hours 5 min ago
by JAL, 4 hours 10 min ago
by JAL, 4 hours 11 min ago