B.S. in T.A. with a Minor in Miners

Sat, Aug 20, 2011 - 3:46pm

I don't know about you, but I'm beginning to feel an instinctual pull toward the miners. They have beaten down for so long that they finally just feel like they're ready to go higher. My gut tells me that, having reached a point where their relative valuation versus metal is several standard deviations away from normal (whatever that is), something is bound to happen. My brain tells me that prices, some of which have fallen all the way back to pre-QE2 levels, are bound to turn around soon. So, let's take a look.

Any discussion of the miners must begin with a look at the overall stock market because, at the end of the day, these are stocks we are talking about. Unfortunately for our bullish case, the S&P looks downright awful. Though fundos for most miners are improving with every uptick in the PMs, a falling stock market makes buying miners a bit like rowing upstream and a swift current can wash you away no matter how hard you are paddling.

That said, the HUI (gold miners index) doesn't look too bad. In fact, its at a point where it appears to be breaking higher. We'll know more in a week or so but, for now, keep a close eye on the 580 level. If the HUI can stay above there, base and move higher, it will create a favorable environment for most all of the mining stocks, regardless of their current technical picture.

Now, here's the kind of stock we're looking for. Note how Yamana struggled for the longest time to get through 13. Each time it tried and failed, the shorts were emboldened and more certainly joined the cause. Ah, but look what happened once it broke through 13! It based and used 13 as support before igniting a short squeeze that has driven it to 15.50. Pretty good stuff.

So, what we want to find are stocks that look like AUY but haven't broken through and taken off...yet. Below are four candidates. If the HUI holds 580 next week and you end up looking for a miner to buy, I'd start with these four or any other stock that has a similar-looking chart.

Now here are four that don't look so good. You can certainly nibble at these if you want and I'm not sure I would sell them yet if I'd ridden them all of the way down. However, if you're looking to buy, I'd stay away from these and any others you find that look the same.

Time prohibits me from giving you more charts but I think you get the picture. If you're interested in a stock not mentioned above, pull up a chart yourself. I think you'll find that it either looks like the first group or the second and it will then be clear to you whether or not it is something to consider buying.

If all else fails, just daytrade the UGL and the AGQ. Mister Hyde gave up on the miners about 8 weeks ago and has been trading these two ETFs exclusively ever since. He's made about 30% and is feeling quite pleased with himself. A word of warning, though. UGL and AGQ...particularly AGQ...are quite volatile and not for everybody, particularly the faint of heart. If you don't like the heat, don't go anywhere near the kitchen. In fact, stay out of the house completely.

In time, a portfolio of miners will treat you just fine. A little patience and a little homework will take you a long way. Good luck! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Aug 21, 2011 - 4:28am

Where to buy in Tokyo

Ginza is insanely expensive. most of the places there charge upwards of $150 flat fee per bar unless you're buying over 1Kg at a time. I shop in a place called Okachimachi which is kind of the jewelery district. The places there are generally much more reasonable but I might as well have gone to Ginza the prices they were charging. As to the available coins you can get pretty much anything that you could get in America I guess. They had a lot of Perth mint ones, some Maples and various American coins. For gold Pandas are particularly easy to get here with gold Maples probably the next most available. Here's a link to the shop I was at yesterday's website (run though google translate) The website doesn't reflect their price hikes from this weekend but it should give you an idea about what's available. Silver: https://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layou... Gold + Platinum: https://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layou...

Aug 21, 2011 - 4:52am

Opened an irc channel for

Opened an irc channel for convenience

chat.zerohedge.com #tfmetalsreport.com

Aug 21, 2011 - 4:53am

Gold/Silver price in Tokyo


Thanks for your posts. Please continue letting us know how it goes if you do any more Gold or Silver purchases or selling in Tokyo. Your info is priceless since you are actually on the ground there. Knowing the actual purchase price of physical is so different than reading spot prices.

I wish we could hear the same info from someone in Hong Kong.

Red Pill
Aug 21, 2011 - 4:58am

@ Larry & anyone else still on chemtrails

It doesnt really bother me where you chat about it, but I am pretty confident that I'm correct that new people with an interest in metals don't want to see the subject interspersed throughout every metals thread.

You say you want to reach the maximum amount of people about it, well again I would suggest that you go here


and start a thread about it, and put ALL of this info that is scattered around multiple metals posts into one good thread there. make sure you put "Chemtrails" in the thread title, and with all the content in it, as TFMetals is becoming a reasonably powerful site now, Google will start sending anybody looking for information, straight to the relevant page.

Within a few weeks there'll likely be lots of people with a specific interest in the subject coming to the right page, otherwise this stuff..

a) is all scattered around across multiple threads and difficult to piece together for anyone interested

b) gets lost in the archives anyway as the older threads drop back.

as a longtime internet marketer I can tell you as a fact that my suggestion will be win / win for your cause, and for this site.

chinaussiedoll HB
Aug 21, 2011 - 5:22am

Hong Kong

@HB Hi, check out the Buying Bullion in Asia thread - a few of us are here. I am curious about what will happen on Monday but of course we don't just have to buy gold in bullion form here - we can also buy 999 gold here in jewelllery form just like Indians do. Kitco here in Hong Kong has sold out of most silver - they had 1 kg Aussie Koalas, 10 oz Kitco bars and 1 oz Aussie Koalas, Gold seems to be I. Reasonable supply but their margin is very high.

HB chinaussiedoll
Aug 21, 2011 - 6:15am

Selling Bullion in HK


Thanks for the info on the Asia thread, I will check it out.

I just happen to be in HK at the moment for a few days and am very interested in what will happen in PM's on Monday morning Hong Kong Time which is not too far away.

If someone was to take delivery of gold from the GoldMoney.com Viamat vault here in the future, where could that person sell it for more than the current spot price? A person wouldn't want to just walk around with heavy bars and randomly choose a jewelry store! Any ideas you might have?

chinaussiedoll HB
Aug 21, 2011 - 6:53am

Have a look at Kitco.cn which

Have a look at Kitco.cn which is the local Kitco office in Sheung Wan and updates in real time. Also the Chinese jewelers if you can prove purity. Coins maybe try local bank headquarters. Hope it helps as i'v only bought and have no intention of selling for a long time.

Aug 21, 2011 - 7:11am

When it's all over...then what?

So when this bull market is over then what are we all going to do? What are we going to be talking about? Will Turd create a site to talk about hour big homes and gardens? And What is everyone doing now with the money they are making now? Are we just taking profits and reinvesting? Does anyone do enjoy themselves:) I guess this is the fun..watching this happen. I think deep down inside we get a qick out of what's going on even though it's going to hurt a lot of people. Wealth will change hands, but that's the fault of our wonderful politicians who created this mess...so we have no choice to take our hard earn money and place it into gold and silver and the shares.

But I'm just thinking ahead...what's next after this. What will Jim Sinclair talk about, what will Turk talk about?

Aug 21, 2011 - 7:14am

The club is over

Video unavailable
Aug 21, 2011 - 7:16am

good question peace silver

but it might take some years yet.

but I'd like some good exit strategies early on too.

have a look at "wealth cycles" in the mike malloney docu.

it may be too early to call the next wealth cycle now.

but the idea is to get out at the top of gold/silver, and then reinvest in the bottom of another item.

Aug 21, 2011 - 7:52am

@Red Pill - Agreed

Good morning. All good, true points, I agree and I hope someone does start a thread as you suggest. Thanks for the thoughtful comments.

If they do, I'll check it out and if I find anything new on the subject I'll certainly post it there. If a CT thread isn't started, that's fine too... I've already said my piece (posted a documentary) days ago and have no plans to beat a drum to convince anyone of the existence or dangers of Chemtrails.

Some will watch, some won't. Some will see and believe and be glad have learned, others will ignore or be annoyed. Everyone has the choice to watch it or scroll by. I think the hope is always, if just one good soul takes the 'red pill', they might see. I'm sure you appreciate that.

Like each individual's faith in God or beliefs/awareness around more earthly conditions such as the existence of the 'evil empire', government corruption, banking cartel, destruction of fiat currencies, gold and silver being the ultimate safe haven for money, food storage and prepping... or the fact that toxins are being sprayed, pumped and dumped all over the earth... at some point everyone believes what they want or are capable of.

As much as I'd like everyone to stand on the roof and yell to wake those sleeping so they are aware of what is occurring and what is coming with our world, our economy and about Chemtrails and other conspiracies', this is not my particular "cause", my mission or my style. People will understand what they can and believe what they will. No amount of 'rattling the pail' or pointing to the sky will change the hearts and minds of many.

Again, thanks for your comment. We agree in principle about the use of forums and we are aligned from a marketing pov with the advantages of Google/key word search for grabbing eyeballs on any given subject.

Tom L
Aug 21, 2011 - 8:04am


That rant is one of the great 'breakthrough' moments of all time. George was a little too lefty for my tastes, but like a lot of leftists he got the basic problem just was incapable of breaking through the Progressive/Keynesian/Marxist view of the 'exploitation of labor' that is the backbone of the Labor Theory of Value."

If they would let go of that and embrace Misesean/Rothbardian analysis of value and human action there would be an awakening the likes of which the world has never seen.

The Club is counting on us to fight amongst ourselves during this period of time. That the Huff-Po left and the Nat'l Review/Fox News right will continue to balkanize the population along the false divide of ideological differences that are different in degree not in kind, ie. how much state intervention should we accept not whether we should accept their intervention at all.

It is imperative at this time to back Ron Paul, for example, b/c he is the vessel we can pour our dissatisfaction with the system into and broadcast it for the world to see. It's not about him, he'll be the first to tell you that. It's about us and what we want. In politics remember the words of Mr. Anarcho-Capitialist/Enemy-of-the-State/"The State has no moral justification for its own existence" himself, Murray Rothbard....

Never let the perfect be the enemy of the good.

It doesn't matter if Ron Paul is perfect or not. It's not even important if he wins. The president doesn't have any real power, and if he exercised it they'd just shoot him. It's about the message and all the things that go along with that message, all of the baggage. This site and others like it are part of that message.

These next 4-5 years are where we can re-make the world in our image not theirs. Will they profit during the change in monetary system? Yes. The more of us that are taken along for the ride the more that new system will have to be rationally designed, IMO, because we won't stand for anything else. The middle class can not turn back towards the Progressive Left, I don't even think that it will or wants to. It wants to move away from power structures, you can see it in the polling numbers. the more we help those in the middle class (ala Mike Maloney, Jim Sinclair, Eric King, etc.) to protect themselves the more of a say we'll have on the other side of this period in history. We'll have the capital to move markets.


Aug 21, 2011 - 8:14am

Just a silly question on

Just a silly question on miners. If i can buy a one ounce gold bar in dubai for $1 over spot, what percentage of spot are the miners actually getting for their raw product?

Aug 21, 2011 - 8:54am

Egypt: Israeli response to deaths insufficient

Egypt: Israeli response to deaths insufficient

Updated: 2011-08-21 12:03

CAIRO - Egypt welcomed a joint investigation with Israel on the killing of five Egyptian security personnel during an Israeli border operation, but said on Sunday the response was insufficient given the gravity of the situation.

Egypt said on Saturday it would recall its ambassador from Israel, insisting the killing of five Egyptian security personnel while Israeli forces were pursuing gunmen across the border was a breach of its 1979 peace treaty with the Jewish state.

Egypt's Foreign Ministry later called in the Israeli charge d'affaires, delivered a protest and demanded a joint investigation into the deaths.

Israeli Defence Minister Ehud Barak said Israel regretted the deaths, which followed attacks in its border area that had killed eight people and sparked the most serious crisis in ties with Egypt since Hosni Mubarak's overthrow in February.

Barak also said he had instructed the Israeli army to conduct a joint investigation with Egypt.

"The Egyptian government considers the approval to conduct a joint investigation to uncover the circumstances of the incident a fundamental step to prevent the occurrence of such accidents as Egyptian blood is not cheap and the government will not accept that Egyptian blood gets shed for nothing," Egypt's state news agency MENA said.


Aug 21, 2011 - 9:06am

Sen. Bernie Sanders Leaks Oil Trading Data

Saying: Americans have a right to know.

Whoo Hooo - YOU GO BERNIE!!! And he's a Socialist too!! (Maybe our pal Bart Chilton slipped him the data.) And maybe Bernie will get similar results for Silver Manipulation?!!


WASHINGTON (Reuters) - Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.

Senator Bernie Sanders, a staunch critic of oil speculators, leaked the information to a major newspaper in a move that has unsettled both regulators and Wall Street alike.

In a June 16 e-mail reviewed by Reuters, a senior policy adviser to Sanders discusses how his office received private data with the names and positions of traders and forwarded it exclusively to a Wall Street Journal reporter.

The e-mail, which also attaches two files with the data, was sent to Public Citizen's Tyson Slocum asking him to review it and speak with the newspaper about his observations.

In a statement from Sanders provided to Reuters, Sanders said he felt the data needed to be publicly aired.

"The CFTC has kept this information hidden from the American public for nearly three years," he said. "This is an outrage. The American people have a right to know exactly who caused gas prices to skyrocket in 2008 and who is causing them to spike today."

The leaked information has sparked concern at the Commodity Futures Trading Commission, which is legally prohibited from releasing confidential information that identifies trader positions and identities.

The leak also raises broader questions as U.S. regulators gear up to collect massive new amounts of private data from market players on everything from swaps and hedge funds to blueprints for how large financial firms can be liquidated. The breach of data could make Wall Street less reluctant to hand over sensitive information if they fear it is not appropriately safeguarded.

"This type of incident will have a chilling effect on derivatives trading in the U.S. because market participants will be reluctant to take the risk that their positions will be exposed to the public-and their competitors," John Damgard, president of the Futures Industry Association, said in a statement sent to Reuters.


Read more:


Aug 21, 2011 - 10:00am

Oil Trading Data Leak ~ Goldman/Morgan Stanley Lead

To follow up: Apparently published last Thursday in the Wall Street Journal (my apologies if this was already posted), but thought it would be of interest. The Wall Street Journal article based on what Bernie Sanders leaked (from CFTC) to WSJ:

Full article: https://online.wsj.com/article/SB100014240531119040706045765147611717569...

Who leads the list? What? No JPM? Shucks!


"Banks such as Goldman Sachs Group Inc. and Morgan Stanley, which have long played a central role in oil trading, dominate the list. Also featured prominently are producers and consumers such as BP PLC and Delta Air Lines Inc., which buy and sell large amounts of oil products.

A range of investors were in the market, too. Yale University, Singapore's government, hedge funds Brevan Howard and D.E. Shaw & Co., as well as pension funds for Texas teachers and Danish workers all held positions, according to the list.

Also featured were a handful of individuals, including Aubrey McClendon, chief executive of Chesapeake Energy Corp., one of the nation's largest producers of natural gas. Cascade Investment LLC, the investment arm for Microsoft Corp. co-founder Bill Gates, appeared."


Aug 21, 2011 - 10:00am

An article worth reading on a slow sunday morning

Here is a nice quote:

"Think of 2008 as an economic teddy bear, and 2011 as a grizzly. And I think I mentioned this one already: The hunters are out of bullets."

Click to read the ZH article. Its worth you time. Not everyone will agree on the environmental issues, but the author does a fine job summarizing the financial dangers.

Aug 21, 2011 - 10:08am

@ AinT

On the way to coffee and getting the morning paper this morning, I told the wife about your post and how high the metals were to purchase on Saturday. I said that this would be a good time to have a beam me over machine and we could sell allot of coins at a huge profit. She never says anything about metals or fiat but this morning she said " they will be paying you with yen, is that what you want" ?. I said, "I think I'll just stay home".

Aug 21, 2011 - 10:09am


Turd mentions AGQ and UGL in his piece. I noticed only one, maybe two, mentions of AGQ and none of UGL in subsequent posts. My experience with AGQ is that I have never traded anything as volatile as this ETF. It can gain or lose $20 in minutes. If you happened to buy at about $160 when it was last down that low, you could have ridden it up to $380 in a matter of a week or two (as silver shot to nearly $50). But if you held it at that point, it was back down to $220 before you knew it. So, I mention this because IF you elect to trade AGQ, do so only if you are watching the price. Go out to lunch for an hour--come back and you may see a price $50 lower, or higher, than when you left. It is EXTREMELY VOLATILE. That said, if you have FAITH that silver is riding to $50 or $65 or some other big number, there is no better place to be than AGQ (unless paper becomes worthless overnight). UGL is less volatile. In fact, it is supposed to be a 2X but there are many days it reflects almost exactly what GLD does. That said, if gold is going to $2500 or whatever, it is a good place to be (again, assuming such paper does not become worthless overnight).

Aug 21, 2011 - 10:28am

Already Underway


The Americas, Not the Middle East, Will Be the World Capital of Energy

Adios, OPEC.


For half a century, the global energy supply's center of gravity has been the Middle East. This fact has had self-evidently enormous implications for the world we live in -- and it's about to change.

By the 2020s, the capital of energy will likely have shifted back to the Western Hemisphere, where it was prior to the ascendancy of Middle Eastern megasuppliers such as Saudi Arabia and Kuwait in the 1960s. The reasons for this shift are partly technological and partly political. Geologists have long known that the Americas are home to plentiful hydrocarbons trapped in hard-to-reach offshore deposits, on-land shale rock, oil sands, and heavy oil formations. The U.S. endowment of unconventional oil is more than 2 trillion barrels, with another 2.4 trillion in Canada and 2 trillion-plus in South America -- compared with conventional Middle Eastern and North African oil resources of 1.2 trillion. The problem was always how to unlock them economically.

But since the early 2000s, the energy industry has largely solved that problem. With the help of horizontal drilling and other innovations, shale gas production in the United States has skyrocketed from virtually nothing to 15 to 20 percent of the U.S. natural gas supply in less than a decade. By 2040, it could account for more than half of it. This tremendous change in volume has turned the conversation in the U.S. natural gas industry on its head; where Americans once fretted about meeting the country's natural gas needs, they now worry about finding potential buyers for the country's surplus.

Meanwhile, onshore oil production in the United States, condemned to predictions of inexorable decline by analysts for two decades, is about to stage an unexpected comeback. Oil production from shale rock, a technically complex process of squeezing hydrocarbons from sedimentary deposits, is just beginning. But analysts are predicting production of as much as 1.5 million barrels a day in the next few years from resources beneath the Great Plains and Texas alone -- the equivalent of 8 percent of current U.S. oil consumption. The development raises the question of what else the U.S. energy industry might accomplish if prices remain high and technology continues to advance. Rising recovery rates from old wells, for example, could also stem previous declines. On top of all this, analysts expect an additional 1 to 2 million barrels a day from the Gulf of Mexico now that drilling is resuming. Peak oil? Not anytime soon.

The picture elsewhere in the Americas is similarly promising. Brazil is believed to have the capacity to pump 2 million barrels a day from "pre-salt" deepwater resources, deposits of crude found more than...(cont.)


Aug 21, 2011 - 10:32am

Calling Mr. Moderator!

That RUSSIAN stuff that's been posted a few times now, here's a rough babelfish translation. Maybe you can get rid of the jerk's posts. Come to think of it, maybe you could just get rid of the poster him/herself? Thanks!

Aug 21, 2011 - 10:36am

On a roll


Love the Reuters article you posted because it shows just how stupid Reuters has become.

The breach of data could make Wall Street less reluctant to hand over sensitive information if they fear it is not appropriately safeguarded.

MORE reluctant. MORE reluctant. What is the matter with these people?

Aug 21, 2011 - 10:41am

@ Havefaith

The person filming the video notices the "nozzles" coming out of the rear of the wings. These are actually "flap tracks".

The person shooting the video makes a great comment when he says, "It looks like their spraying from the top of the wing". This is because the top of the wing produces lift (negative pressure), which drops the temperature relative to the surrounding air. Lower temperature air can't hold as much moisture, hence the moisture condenses into water droplets (clouds). The more moist the air, the more water vapor you see. Notice how the trails are not just turned on/off. They gradually occur and disappear as the aircraft transitions different air masses. Keep in mind, the aircraft is going .7+ mach. Equating to roughly 7 nautical miles/minute or 480+ MPH. Transitioning air masses occurs relatively quickly at those speeds.

Out of curiosity, what is the purpose of these supposed chemtrails?

Aug 21, 2011 - 10:54am

Irene wrote:That RUSSIAN

Irene wrote:

That RUSSIAN stuff that's been posted a few times now, here's a rough babelfish translation. Maybe you can get rid of the jerk's posts. Come to think of it, maybe you could just get rid of the poster him/herself? Thanks!

Irene, I removed your translation (and the offending post) because having it posted on the site is like drawing flies to honey... there are bots that search for sites that have the text posted, then create new accounts to post the same comments.

In the future just click the "Alert Moderator" button on the offending post and send us a message. It's much quicker and will ensure we see it. Nearly impossible for us to manually monitor the number of comments posted on this site every day.

Aug 21, 2011 - 10:57am

U.S. Commando War in 120 countries

Our Commando War in

120 Countries: Uncovering the Military's Secret Operations In the Obama Era

American secret commandos are carrying out raids in 70 countries--just today. By the end of the year, the number will probably be close to 120. August 3, 2011 | LIKE THIS ARTICLE ? Joi

Somewhere on this planet an American commando is carrying out a mission. Now, say that 70 times and you’re done... for the day. Without the knowledge of the American public, a secret force within the U.S. military is undertaking operations in a majority of the world’s countries. This new Pentagon power elite is waging a global war whose size and scope has never been revealed, until now.

After a U.S. Navy SEAL put a bullet in Osama bin Laden’s chest and another in his head, one of the most secretive black-ops units in the American military suddenly found its mission in the public spotlight. It was atypical. While it’s well known that U.S. Special Operations forces are deployed in the war zones of Afghanistan and Iraq, and it’s increasingly apparent that such units operate in murkier conflict zones like Yemen and Somalia, the full extent of their worldwide war has remained deeply in the shadows.

Last year, Karen DeYoung and Greg Jaffe of the Washington Post reported that U.S. Special Operations forces were deployed in 75 countries, up from 60 at the end of the Bush presidency. By the end of this year, U.S. Special Operations Command spokesman Colonel Tim Nye told me, that number will likely reach 120. “We do a lot of traveling -- a lot more than Afghanistan or Iraq,” he said recently. This global presence -- in about 60% of the world’s nations and far larger than previously acknowledged -- provides striking new evidence of a rising clandestine Pentagon power elite waging a secret war in all corners of the world.

The Rise of the Military’s Secret Military

Born of a failed 1980 raid to rescue American hostages in Iran, in which eight U.S. service members died, U.S. Special Operations Command (SOCOM) was established in 1987. Having spent the post-Vietnam years distrusted and starved for money by the regular military, special operations forces suddenly had a single home, a stable budget, and a four-star commander as their advocate. Since then, SOCOM has grown into a combined force of startling proportions. Made up of units from all the service branches, including the Army’s “Green Berets” and Rangers, Navy SEALs, Air Force Air Commandos, and Marine Corps Special Operations teams, in addition to specialized helicopter crews, boat teams, civil affairs personnel, para-rescuemen, and even battlefield air-traffic controllers and special operations weathermen, SOCOM carries out the United States’ most specialized and secret missions. These include assassinations, counterterrorist raids, long-range reconnaissance, intelligence analysis, foreign troop training, and weapons of mass destruction counter-proliferation operations.

One of its key components is the Joint Special Operations Command, or JSOC, a clandestine sub-command whose primary mission is tracking and killing suspected terrorists. Reporting to the president and acting under his authority, JSOC maintains a global hit list that includes American citizens. It has been operating an extra-legal “kill/capture” campaign that John Nagl, a past counterinsurgency adviser to four-star general and soon-to-be CIA Director David Petraeus, calls "an almost industrial-scale counterterrorism killing machine." This assassination program has been carried out by commando units like the Navy SEALs and the Army’s Delta Force as well as via drone strikes as part of covert wars in which the CIA is also involved in countries like Somalia, Pakistan, and Yemen. In addition, the command operates a network of secret prisons, perhaps as many as 20 black sites in Afghanistan alone, used for interrogating high-value targets. (cont.)


DPH: 4 page article loaded with a short analysis what's going on where and why

Aug 21, 2011 - 10:57am

What Ron Paul just said about FEMA camps

Oh, did you really think they were "bullshit" too? I dunno, has Ron maybe gone all conspiracy on us?

Video unavailable
Aug 21, 2011 - 10:59am

Jim Sinclair/TRX

Didn't Sinclair say that TRX was going to pay dividends in gold and that he encouraged other gold miners to do the same to stop the shorting? I seem to remember reading that way back when.

That's a pretty good reason to own TRX, but I need to do more DD about the the stock itself.

Any owners out there who can add something about TRX?

Splits: none
Aug 21, 2011 - 11:02am


In the future just click the "Alert Moderator" button on the offending post and send us a message.

Now, why didn't I think of that? Thanks!

Aug 21, 2011 - 11:02am


I sold HL on 6/13. It was underperforming then and there was a news story about the company being forced to pay about $298m in penalties for pollution at the Lucky... mine in ID. I didn't know if this was a significant sum for the company but I thought it might keep their profits down and there are plenty of other good stocks to own. No need to worry about this one.

Aug 21, 2011 - 11:08am

Meant to Open Newbies Eye's

Sons of Liberty Academy Newsletter August 21st 2011

Out Of The Frying Pan And Into The Fire

By Silver Shield, on August 21st, 2011

“If you can explain someone’s problem better than they can explain it themselves, they will assume you know the answer. Once you have that, they will follow you where ever you want.”- Anonymous Marketing Guru

With the mathematically inevitable collapse of the dollar we are entering the most dangerous period in human history. This is not the time to be following the blind or worse, the scheming. To do so would be the same as jumping out of the frying pan and into the fire. I have seen so many thoughtful and cogent arguments against our current paradigm. These men really seem to “get it.” The problem inevitably is, what is their solution?

I wrote in the Two Coming American Revolutions that there would be two revolutions in America, one of a Constitutional, Honest Money and one of Collectivism. I feel both sides can make hard arguments against the current order of the Dollar paradigm. The enemy of my enemy is NOT my friend. In the article, I warned people to not fall for the trick of assuming that people who spoke to your concerns, automatically know the solution. You cannot solve collectivism with more collectivism, any more than you can solve debt with more debt. You will see tyrannical collectivism in urban areas and elsewhere in the country, people will be embracing freedom and honest money. Both sides speak the same argument, but offer radically different solutions.

In my article Beware of Patriot Pied Pipers, I warned people that the Neo Cons who got us into war and even more debt, are infiltrating subverting and destroying the Tea Party. Michelle Bachmann cries against gangster government, but supports our trillion dollar gangster wars against the world. Sarah Palin and Glenn Beck talk a good talk about being average people who believe in traditional American Constitutional values. They then take their $20 million+ a year pay checks from Neo Con Globalists like Henry Kissinger and Ruppert Murtdoch. Heck, even Rick Perry is now speaking out against the Fed, but he takes his orders from the Elitist Bilderbergers. Only Ron Paul has the track record and has the understanding of the Constitutional role of government.

I watched a video of a very frustrated Mike Ruppert this weekend as he called out all of the people who did not help warn people about what he told them. Mike went through a list of 40 or so people he has had personal contact with over his exceptional career and called them out. I feel his frustration, because he does have a very good track record of calling “it,” but the people he seems to call out are narcissists at best and psychopaths at worst. These people seek power and use others to get ahead. Their solution is that of collectivism, which would then put themselves at the top.

It great to hear Putin call the US a parasite, it is, but Putin is no friend of the Constitution or decentralized power. It is great to see Chavez pull his gold out of the Bank of England, but he is no friend of property rights or honest money. Ruppert goes on to list a bunch of other politicians and artists that he has had contact warning them about what was going to happen and that they seem to do nothing about it. The most likely scenario is that these people that Mike is so frustrated about are using his suggestions, but only for themselves. These professional political psychopaths see the collapse of the US as their chance to gain massive regional or global power. They understand very well what is going on, but they will not offer true freedom like our founding fathers fought for.

My suggestion to Mike is to not seek out the rich and powerful to help humanity, they are the problem. All of the politicians he mentions are licking their chops to carve up the American Empire. They may seem like an ally against a common enemy, but they are no better than the Anglo American Elite. Just about every one of the Hollywood people he mentions thrives in the current paradigm and will actively or passively support the current order. They will not upset it by spreading the truth. We are so close to the mathematical end of the dollar that his time is best spent working with the thousands of people he has already touched. There he will find the final stage of acceptance that he is looking for.

It is said that men go mad in herds and only come to their senses slowly and one by one.” Charles Mackay.

The Elite’s use of propaganda drives societies by animal, gut reactions. Only after a while do men wake up and use their logic to see the madness of crowds and the men that pull the strings. I wrote last week about Dylan Ratigan’s rant and compared it to Hitler. On the face of it, it seemed outrageous and inflammatory. When you look into it, it is another example of someone explaining something better than the average person, so people follow them no matter how insane their solutions are.

I have been fascinated on how a Christian Constitutional Republic like Weimar Germany could fall into Fascism. I felt if we could understand how Hitler rose to power we can prevent our own coming fascist dictator. It all comes down to propaganda. The Nazis studied Edward Bernays in the psychological aspects of mass control. By playing to man’s irrational fears and desires they are easily lead. The only way to become immune to this is using the Trivum and logically thinking about what you are being told. We have been handicapped with the slave like education we get of only memorizing and regurgitating ideas. This has been reinforced in our mainstream media with talking point news.

Dylan’ rant is a perfect example of using irrational fear and anger to vocalize what we are all feeling. That tactic is exactly what Hitler used to motivate Germans. Both were passionate and powerful rants, but they did not advance logical thought. They both wanted you to react like an animal with a limbic response of fight or flight. They do this purposely because, 1. irrational fear is the most powerful motivator and 2. they do not want you to think logically about their solution. When you see that they used anger and passion to both push for throwing out the Constitution, creation of a dictator and a collectivist banking solution, it becomes clear why they acted the way they did.

The other group that I run across is financial gurus that accurately describe the mathematically inevitable collapse of the dollar, but then recommend some sort of paper asset as a solution. This again is either done out of ignorance or greed. Just because someone can put together a presentation on the crisis of the dollar does NOT mean that they know what they are doing. Anyone can read the headlines and say that we are going down the wrong road. You have to ask yourself do they know why we got into this mess? Who created this mess? Do they have a financial interest in the solution they are pushing? The reason I feel most paper products are sold is because that is where the money is made in the financial advisor role. They do not really care what you buy so long as you do buy. They know that you will then jump to another paper asset that they can then make more money on. Ask your financial advisor why gold is not in your portfolio, despite its rapid rise in the face of all other paper assets. If he is honest he would say that he probably can’t make any money off of it or if you truly understood what was going on, you would dump all of your paper assets and buy silver. The Wall St sharks do not care one bit about your financial health, you are just another ticket to their narcissistic pursuit of money and power. (Watch: Wall Street Laughs at Main Street.)

I was even shocked to see that even a blog I frequent, followed this “out of the frying pan and into the fire” theme. The Automatic Earth has put out some good work describing the problems we are facing. They recently spent a bunch of time describing the banking crisis that is coming to a head. In One Step Up and Two Steps Back they go on to describe the banking crisis, but then suggest you sell gold and buy bonds and dollars?!

“Ilargi: This is your reality. Not inflation, or hyperinflation. And not a flight FROM US Treasuries and the US dollar, but a flight TOWARDS them. Yes, gold is higher; a totally predictable knee-jerk reaction. Once the bank stocks lose another 10%-20%-30%, which could happen in a manner of days at the rate we’re going, that will change too.

That is because the plummeting bank stocks represent the vanishing into nothingness of what I’ve named “zombie money”. In other words, it’s not a matter of people, investors, talking their money out of one place, asset, and into the other, it’s instead a matter of -virtual- money disappearing. That will take down the price of gold. An important issue to wrap your brains around. More about that later.”

Can someone please tell me how these deflationists think the dollar is going to perform better, in a terminal debt crisis? Our monetary system is debt based and no longer tied to gold. When money is created, debt is created. When debt is paid off, money is destroyed. If all debt was to be paid off there would literally not be any dollars in existence. Our system MUST create more debt every year in excess of the debt AND interest accrued the year before or the entire system will collapse in the mother of all margin calls. If this happens not only will the markets be destroyed, the banks who are levered 20:1 will be insolvent, which will seize credit, which will freeze the economy and destroy the economy and our dollar. How is that good for the dollar and Treasuries? Would you invest or hold the currency of a country that is going through that? When you see that ALL currencies and countries have the same systemic problems, you see that only real tangible assets are a place to be. (Read the Ultimate Silver Investor.)

Any whiff of inflation will be met by massive money printing which will further destroy the dollar. Inflate or die. This is irrefutable. I bet if you put Automatic Earth’s feet to the fire they would probably admit this whiff of deflation, then hyperinflation idea. (The only other possible solution is a debt jubilee, but I would not hold your breath for that seeing who is pulling the strings.) I don’t know too many guys that are hardcore deflationists in a fiat world, that to me is insane. After all, at what point do you admit that you were horribly wrong? $500 gold? $1,000 gold? $1,500 gold? $2,000 gold?

Which brings me to the mathematically inevitable collapse of the dollar. If you understand anything about compounding interest, you will know that at some point you will reach place where the interest on the debt rises farther and faster than the economy can handle. Knowing that we either inflate or die and if you understand the sick symbiotic relationship of the bankers and politicians, money will always flow. We reported that the Fed printed up $16 trillion dollars over and above all of the political bailouts we saw in 2008. How again is the dollar supposed to get stronger?

If you want to make a case for deflation, change your measuring stick. If you measure everything in gold and silver, then yes, you are going to see massive deflation. You will be able to buy much more with your gold and silver as all paper assets disintegrate. Things bought with credit will be worth less like homes, cars, stocks… etc. Things you buy with cash will hyper inflate like food and fuel. This is just the huge secular change from paper assets to real tangible assets. This change is coming along with much bigger changes in demographics with the aging baby boomers and shifts in economic power from west to east. Trusting your wealth in any paper asset or pied pipers in this environment could be fatal.

I have spent my short time blogging not trying to be a one trick pony pushing one idea. I have through the Sons of Liberty Academy and my hundreds of articles on Dont-Tread-On.Me tried to get you to question everything, including me. I have tried to help advance thought on money and politics, but the real battler is in our thinking. When you are aware, you can prepare. I hope you continue to support my efforts to reach out to others. This month we had 170,000 unique people come to the blog with 512,000 page views. We just hit 15,000 members to our Sons of Liberty Academy. All of this comes as I have been working really hard on the redo of the Academy. I cannot wait until it is done and it will be much better than the original Academy in terms of production, content and narrative. It will be a game changer and one that will reach critical mass.

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