Three Overnight Items

Mon, Aug 15, 2011 - 10:08pm

Gold and silver performed exactly as expected today. Now that we're moving higher again, where do we go from here? The charts below will help.

I mentioned back on Friday that I was going to be participating in an interview of Clif High, the founder of the WebBot Project. Here's a link to Clif's Wiki page and site:

The full interview has now been posted to YouTube. Yours truly primarily appears in segment number one but I'd encourage you to listen to the entire interview.

Lastly, The Golden Jackass sent me a terrific and detailed email earlier today. He has also given permission to post it here. As you know, Jim is one of the few good guys who isn't afraid to speak his mind. He's also a Turdite. His website and subscription service can be found here:

Jim Willie CB to me

Hey you big Turd-bag
this is the Dirt-bag, aka Jackass Extraordinaire

interesting how Silver is negatively correlated with the USDollar
but so is the US stock market, which grew dependent upon weakness perversely
strange how over the last 18 months the S&P500 stock index became part of the USD Carry Trade
very interesting, almost recognized by the mainstream monkeys too
they failed to realize that the DJIA and S&P indexes merely preserved purchase power, not a bull market
but it means that Silver falls with the S&P500 stocks unfortunately
it will take a couple months to separate the two

the Global QE will in my opinion replace the US QE
it will take the heat off the USFed and the clueless Bernanke
has Ben gotten a single analytic perspective correct in four years ??
I think not
in fact, the Jackass and Big Ben are always on opposite sides, and Ben is wrong every time
with the Bank of Japan buying the USTBond and the Swiss Natl Bank pulling down the Franc currency,
we have the makings of a Global QE
all it needs is a G-7 Meeting with the confused broken central bankers to join hands and sing together

my thinking is that Silver has toyed around and dithered under $40 long enough
it has built a strong base, and shows absolutely zero interest in going below 38
that means the only trade is on the long side, which means over 40
the Weak USDollar trade will be replaced by a Weak Western Major Currency trade
see the USDollar, Euro, and British Pound, all of which all circling the FOREX toilet
the objective of the major central bankers will be to keep the exchange rates calm controlled contained
they can then claim FOREX is stable, mission accomplished, even though the commodity prices will rise again

some money will move from Gold profits to Silver buys, a big new upcoming factor
this is the next important phenomenon along with Large Commercials covering their short positions
I have stated many times that Gold fights the big important political battles
but Silver rides through on a white horse and take triple sized gains
this time is no different and Gold has broken a wide gap in their criminal fortress wall
to be sure, some claim Silver has too much of an industrial component
it does, but it is a staple with stable demand
the big added demand is from investment demand, a powerful new global factor led by the Chinese and Indians
Silver demand is still nearly equal in US$ volume as Gold, an amazing fact

my solid reliable experienced Gold trader contact reports that investment grade Gold bullion comes with a price premium of 25%
and that Silver bullion comes with around a 20% price premium, both versus the COMEX paper prices
he calls the COMEX almost completely irrelevant, but still watched by sheep
translation: Gold is now at $2000 and Silver is almost now at $50

please post this note on your weblog if you wish
any quick thoughts in reply would be appreciated and valued, never depreciated, surely not deprecated
best wishes to you and all the other Turd-lets
greetings from the Land of Jackass Wannabees
/ jim

Have a great overnight/early Tuesday. See you in the U.S. a.m. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


cpnscarletFrontal Labottleme
Aug 16, 2011 - 9:38am

Ron Paul - SOOOOOO Conflicted

We all know that Ron Paul has alot (not everything) of what this country needs right now. And we're all mighty PO'd by the way the press ignores him (beng mistreated would be a step up!), but I still can't stop thinking about his other campaigns. His supporters were always energetic and on-the-spot in those straw polls and caucuses. BUT...when push came to shove and the primaries got rolling, where were the votes?

I'm not optimistic about the future simply because I remember that those of us on forums like this feel all nice and warm and "powerful" when we chat, but we are such a small group relative to the size of the unwashed ignoramuses that pass for average America. I'm ready to put up some Ron Paul signs and vote for him if he's on a ballot, but I'm really wondering about keeping my powder dry for the next (far from) best thing. Unfortunately, since Cain looks like he can't draw flies to syrup, I don't know if that candidate exists.

Aug 16, 2011 - 9:37am

New Thread.

New Thread.

Aug 16, 2011 - 9:33am

You got it EricO.. ...I camp

You got it EricO.. ...I camp out at 321gold on Tuesday mornings ...just waiting. ....

How pathetic am I. :D

...I get much from him though and I've tried to find other online interviews or videos or other news sources for Thomson.. but this is it so far as I know. ....I'll subscribe to his stuff soon hopefully. ......Meantime..'s pitch my tent on Monday night and wait like a groupie outside 321gold.

Aug 16, 2011 - 9:32am

What about the Deutsche Mark?

Germany's new Bundesbank leader and minister of finance have slammed the brakes. It is game over. The chancellor is isolated and will be without any power within two to four weeks. Enough is enough. The hammer dropped. They are ready to let things crash and burn in order to rebuild the Day After.

Blogger Blankfiend2 offers an alternate path forward out of the Euro morass and bank crisis there, commenting on the Soros opinion piece printed in the FT yesterday entitled "Three steps to resolving the eurozone crisis." To me it makes sense, but what do you think? How would PM's fare in this scenario?

1. Germany exits European Monetary Union.

2. Bundesbank issues Deutsche Marks, which rapidly appreciate, rendering German exports uncompetitive.

3. Bundesbank does QE to recapitalize bank losses on sovereign debt for holdings, which devalues DM making German Exports competitive again.


Aug 16, 2011 - 9:31am

I've just joined the Turdites :-)

Greetings of Thanksgiving for your website Turd. I surfed over from a link on Dan Norcini's a week ago and your blog has been on my reading list every day since...actually multiple times per day since. I reckon its time to continue having fun while skinning (peeling) some of those pesky cartel shorts out of their shorts ;-) Peace Be and glad to be reading ya'll from where I reside way down yonder in Oz.

Aug 16, 2011 - 9:29am

Re: the Jon Stewart bit..

Re: the Jon Stewart bit.. ...Hilarious ..and sadly true. ...My thoughts are that the MSM tells you EXACTLY who they do want running against Obama and that would be Bachmann, Romney, Palin, Perry, etc. ...They push those candidates names over and over again simply because they want to make certain the names are ingrained into the publics' collective consciousness. They want to make sure that those are the only names that come to mind when considering this presidential election. Ron Paul scares them to death and they do not want him to be the nominee. They will say that he is a joke and they will say that a Paul nomination would be an 'easy win' for Obama. .....That really couldn't be further from actual truth though and they know it so they must put out the propaganda to marginalize Paul ..or ignore him altogether. Ron Paul being the nominee would constitute an enormous threat to the power that they desperately want to hang on to.

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Eric Originalginger
Aug 16, 2011 - 9:28am


Good stuff from Thomson there. You'd be doing us all a great service if you would post that every Tuesday.

I know, we can go there ourselves. But I'm lazy! I like all the good stuff to be right here on Main Street.

Aug 16, 2011 - 9:27am

Ned my man!

"Hey, you fucked up.... you trusted us"

What I learned that summer: NEVER trust the shiny black Caddy to ANYONE.

Aug 16, 2011 - 9:24am

G'mrng all.....

....waking up a bit late but just in time. (I hope)

I have this feeling from last night that today is going to be one of those days, either way.

Lots of green luck your way today.

Frontal Labottleme
Aug 16, 2011 - 9:18am

John Stewart on Ron Paul

I'm sure somebody has already posted something about the bit John Stewart did on how the MSM ignores Ron Paul so I apologize in advance, but just in case here's a link to it (it's crappy video but it goes straight to the part of the show that matters):

Video unavailable

Unbelievable. Those MSM jackasses deserve to get their shit handed to them in the worst of ways. Their arrogance makes me want to puke.

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 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

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

Forum Discussion

by sierra skier, 32 min 14 sec ago
by SteveW, Jul 11, 2020 - 6:36pm
by SteveW, Jul 11, 2020 - 6:25pm
by TexasTonto, Jul 11, 2020 - 5:19pm
by ja1920voo, Jul 11, 2020 - 11:37am