Fri, Sep 2, 2011 - 9:36am

For this month's version of hilarity, CNBS chose to bring back Wyatt Earp. The guy is seriously bad luck for the status quo Keynesians. The last time we saw him, back in December, the BLSBS came in surprising low. We discussed it then on the old blog:

Today, Wyatt brings with him not just a surprisingly bad BLSBS, he manages to spread his bad luck back into last month's report, too. And it's not just a lousy payroll number of +5000 or +25000, it's ZERO. ZILCH. NADA. Somehow I think ZERO is even worse.

All of the talking heads (with the possible exception of David Byrne) will be spouting the BLSBS number today in their reports. But instead of the same old nonsense that has numbed virtually everyone who happens to be listening, today the only word people will hear is ZERO. Not "the economy gained 22,000 jobs" or "in August, the economy shed 5,000 jobs". No, today the sheep will hear ZERO. "The U.S. economy added ZERO jobs in August." Ouch. Neither The Shill nor The Coug could spin that one positively. The LIESman Shiny Head Index only hovered in the 3-4 range as even The Great LIESman was unable to find anything happy to say.

In the end, this should only serve to reinforce the prevailing opinion here. Namely, QE to infinity. There is no way out. Tax revenues will never, ever catch back up to the funding needs of government on any level be it federal, state or local. Printing and debasing is the only option. Protect yourself and warn others while there is still time.

Onto the charts. For personal reasons, Mister Hyde finds himself sitting mostly in cash. (His "status" will officially change next Friday so I would highly encourage all single lady turdites to send him a private message of congratulations.) Hyde asked me this morning if it was too late to buy. Two things to know:

1) It is never "too late" to buy the precious metals. Prices will be higher next month. They'll be higher by Thanksgiving. They'll be higher still in 2012. get the picture.

2) By virtue of today's price action, both charts looks extremely bullish. IF gold can close above 1880 or so and silver can close above 42.50, both metals looks poised to have exhilarating weeks next week. Keep in mind that most everyone will be back from "holiday" then, too, and we will see a significant increase in volume and open interest. With OI already so low in both metals, you can safely assume which side of the OI will expand.

Lastly, I mentioned above the idea of "private messaging". I promised you last month that we would add this feature as well as an "ignore user" function. In case you haven't noticed, both options are now available. The Turd listens and acts! Thanks to the Tech Team for implementing these additions and thanks to all who supported last month's Turdathon to raise the necessary funds to help cover the costs. We are still taking improvement suggestions and I hope to have more projects and Turdathons soon. I'll keep you posted.

I have lasts of 1879 and 42.88 so we definitely have a rooting interest in today's action. Have a great day. Have a fun day. Smile and be happy. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 4, 2011 - 8:29pm

how about we ignore you and

how about we ignore you and the word ccksker as Turd mentioned there are younger people that use this site and by the way I don't read much if anything you have to say are a profane person who is obviously out of touch...ignore user would be welcome for azhols like you...


Video unavailable
Sep 4, 2011 - 8:30pm

Couple things

First...Thanks Irene and Sandman for your netdania help. Much appreciated.

Second...I just saw on Bloomberg TV that the "extra" budget expense for the new PM would be 10 trillion yen! Seems like a pretty huge number and bullish for PM's I would think.

Sep 4, 2011 - 8:30pm

@Tom L

Just love your optimism for EXK. Went very heavy with it. Hope it rockets!

Still have to buy gold shares in the new account. Will wait for opening Tuesday to see which way the wind does blow. I suppose I'd better drag myself out of bed nice and early and be ready to pounce. Like a tigress!

Sep 4, 2011 - 8:31pm

@murphy I am more concerned

@murphy I am more concerned about the KWN interview Rickard's did in which he said the US could revalue gold to $7000 an ounce. Now that is scary. But yeah that is scary too.

Sep 4, 2011 - 8:33pm

A friggin' Clark Bar

LMAO ....hahahahaha...

timpa Animal Sacrifice
Sep 4, 2011 - 8:34pm

you talking to ME animal sacrifice

how about we ignore you "animal sacrifice" and the word ccksker as Turd mentioned there are younger people that use this site and by the way I don't read anything you have to say, don't need are a profane person who is obviously way out of touch...ignore user would be welcome for the way, nobody much cares about what you have or don't have, aren't you special...and "jerk", I have over 50 hat tips that agree with are you doing...

Sep 4, 2011 - 8:38pm

Operations Twist and Bonds

Op Twist is The Bernank putting the collective US retired population in a wheel chair and pushing it down the apartment house stairs. Remember when a retirement on bonds was a done deal????

kiss of death
Sep 4, 2011 - 8:39pm
Vypuero jlee2027
Sep 4, 2011 - 8:41pm

@jlee2027 - stop losses

That may happen when you are close, but sometimes you need them to protect yourself when you cannot watch every tick.

That said, that was a gap-down open, then it filled the gap, the reverse happened last week. I believe this was because of the change on the Indian markets. India was up last week, and down this week - but I could be wrong.

Sep 4, 2011 - 8:42pm

@ Denver Re: Gift coin

If your wife is an animal lover, may I suggest the "Fiji Taku"? Gorgeous underwater turtle. Comes in all silver too. Pricey, though.

Vypuero Irene
Sep 4, 2011 - 8:44pm


What settings do you need here because it crashes my browser when I try to go to netdania. I have actually made a few adjustments to my browser to no avail.

When I try with chrome, it does not crash but it doesn't work.

So for now, I am sticking with forexpros. I just wish they had a way to show trade volume.

Sep 4, 2011 - 8:47pm
Sep 4, 2011 - 8:48pm
The Death Ceiling
Sep 4, 2011 - 8:51pm


I see we are already turning on each other.

This site will collapse long before the dollar. Shame.

Sep 4, 2011 - 8:52pm

@ cpnscarlet

Thanks for the advise!

We've been married 27 years and it seems we hit the jewelry saturation point at about 20. One more necklace, chain, pair of earrings is just a little to predictable any more. She likes to collect coins so I thought that set might be a good fit. But I do appreciate the feedback.

Sep 4, 2011 - 8:54pm

Videos, Fun & Entitlement: Site Commentary

Hello again folks,

I wanted to respond to this comment by Icarus: "I'm fighting for my life and my very survival! I need to gather as much pertinent important information as possible, in as short a period of time that I can. I TAKE THIS STUFF SERIOUSLY!"

​While I feel for your pain, I'd like to point out (as mentioned by some of the community members above) that the very people here who often post the most valuable content are the ones who need to vent some steam and take some time off to enjoy videos this weekend. They don't get paid to provide comments here. They just share to share.

And I think where the disconnect is happening here is as follows: I've noticed that most (not all, but most) of the complainers are folks who aren't contributing much. And I think the rest of the community, who does contribute, does not respond well to this expression of "gimme" entitlement that's coming through.

I made the call as moderator to allow videos and fun this weekend. It's just for a weekend. It's a holiday. And I have to honestly say, the vitriol and resentment expressed by those who don't want to see videos is a little astonishing to me. I would perhaps understand more if it were offered politely and in good will, such as:

"Hey, guys, I love you, and I really appreciate your contributions, but I'm concerned that this site is getting overrun with videos and we will lose our focus!"

But I don't see that. I see a lot of bitching, and sometimes even rudeness, and I see people demanding that the community give them what they want.

Maybe some folks are too stressed out about their personal situations to step back and realize that they are being rude and ungrateful. But please remember: No-one here owes you anything. No-one here is required to give you a virtual degree in PM trading.

It's been stressed again and again that we have plenty of forums for people to read and contribute to instead of this one lone thread. If you don't like this thread, then don't read it anymore! Seriously, it would take you a month to read through everything in the forums so why not start there?

But the bottom line is this: From my observation (which is not an official tally), more people have been enjoying the videos and want them to continue this weekend than those who don't. Those of you who don't like it are in the minority. Sorry.

If there was a majority of people who wanted to discuss other things, and those people were actually contributors, then those comments would be overtaking this thread. The reason they are not is for two reasons: One, the "anti-video folks" are not the majority, and/or those "anti-video folks" are consumers, not contributors. Well, sorry, if you are just here to lurk and not give back, you can't have your way all the time.

Which leads me to the following point:

You'll get much farther if you contribute than complain.

Please consider that carefully. What can you contribute? And how might you do so without just complaining and demanding things without giving back?

Finally, all this drama over this weekend's thread is just a non-issue in the long run. First of all, none of the video posters intend to overtake the blog comments daily, and they've already said as such!

Second, I was already going to suggest to Turd that we set up a Fun forum so people have a specific place to play all the time.

Third, I already had an idea as to a special section where we might have a running update on PM commentary but let me ponder it more before I share it. :-)

So please...quit worrying about the videos! The sky isn't falling (yet), no-one plans to do this daily, and we are considering ways to make everyone happy!


Carry on! :-)

Sep 4, 2011 - 8:54pm
Sep 4, 2011 - 8:55pm


Congratulations to you and your wife. Lucy is absolutely beautiful. Sleeping like a little angel.

Sep 4, 2011 - 8:56pm

@ Candygram

Thanks for the suggestion, maybe both. She's been a good girl this year :)

Sep 4, 2011 - 8:57pm

Do Re Mi at the Central Station in Antwerp ~ SONG of JOY~

Sound of Music | Central Station Antwerp (Belgium)
cpnscarlet Candygram
Sep 4, 2011 - 8:59pm

@Candygram - another

@Candygram - another non-romantic! Let me repeat -

@Denver - A COIN SET?? A COIN SET?? Like there isn't enough 24K Au and Sterling Ag jewelry in the world to pick from??? Romantic? NOT!!!!!! How about a length of 24K Estate Chain long enough to circle her at the hips with a nice chunky silver heart hanging in front? Use some imagination man!!!

Eric Original
Sep 4, 2011 - 8:59pm


​I think cpnscarlet has a very good point. You might think an ATB silver set is a wonderful romantic gesture, but da wife probably won't unless she's a crazy stacker like the rest of us. Even then it would be about the same as handing her a couple hundred in cash. No Soup For You!

Some high karat gold jewelry sounds like a much better idea. Even then, NOT something with a coin hanging on it.

You can never go wrong with nice earrings. Or a pendant with pictures of your kids inside it. Or a nice chain that she can use either by itself or with some of the other wonderful pendants that you've bought her over the years (you have, haven't you?).

I just checked with Mrs O, and she agrees.

What say the ladies around here?


Sep 4, 2011 - 9:00pm
Number 47
Sep 4, 2011 - 9:04pm


My first video and I don't intend to start posting my media collection, (although I'm cool with others doing it) I love music and I just wanted to share the talent of a few souls with some strings and calf skins, creating beauty from thin air. I rate this the best live act I've seen since Pink Floyd, and they had lasers and shit.


Ben Howard "Keep your head up"

As for the PMs, looks like a good week, I seem to get richer everyday as the world around me gets poorer. I'm not happy in this scenario, have joined a community group and been doing some gardening. Hopefully our leaders will find a solution soon and we can all return to the scheduled entertainment. Harrumph!

It's all up from here, soon will be war. The blood price cometh.

Sep 4, 2011 - 9:05pm

Hugo Chavez..

Hugo Chavez is likely a trend setter:


"The tonnage involved is 365 tonnes. This is a huge amount. While it seems political opportunism guided the decision, it was an excellent investment move. In the ground inside Venezuela sits around 1,000 or more tonnes of gold, which over time will take Venezuela’s gold reserves above those of Switzerland, once it is mined."


"At the same time it is switching out of the euro, pound and the U.S. dollar into the BRIC nation’s assets. In doing so it is cutting itself off from a decaying flat growth, debt-bound developed world and investing in growth and gold. This leaves the country’s reserves a growing portfolio, dependent for its cash flow on the evergreen cash cow, oil. Small countries may be seeing the wisdom of Venezuela’s reserves. They may be tempted to follow that example."

Vernon Wormer
Sep 4, 2011 - 9:05pm


I am definitely a user. I don't have much to offer. I honestly learn more here than I did in college. I don't mind the videos. If I don't like it, I don't watch it. I have not watched many of the posted videos this weekend but I'm not pissed off. (BTW is pretty cool.) Enough with the complaining.

cpnscarlet Denver
Sep 4, 2011 - 9:05pm

@Denver - OK, long as

@Denver - OK, long as the coins come with a good outing for dinner to a 4-star. We're at 28 the end of this month, but I still have the most fun adorning my lover with gold and silver still.

Predictable?? You just have to find new places for the jewelry ;-) If she likes piercing, the possibilities are endless.

Sep 4, 2011 - 9:06pm
Sep 4, 2011 - 9:06pm


Eric makes a valid point. The essence of jewellery is not just the material from which it's made (I think platinum only recently was surpassed by gold in price) but how it enhances a woman's appearance. Earrings make a great impact on a woman's appearance, so again I agree with Eric. Something artsy, out of the ordinary and of course, gold and/or silver. Gold in tricolor are awesome.

Eric Original
Sep 4, 2011 - 9:13pm

Denver - follow up

After my posting, I see your response above, and I see you are already swimming in earrings, etc.

If she truly does like to collect coins, then maybe the ATB's would be a good choice. Mrs. O agrees again (she's easy tonight). Especially if you've been to some of the places on those coins. Yellowstone, Grand Canyon, etc.

But I would also urge you to be somewhat more specific. Exactly what kinds of coins does she like to collect? Pennies? Silver Dollars? St Gaudens Double Eagles? Perhaps search out something specific to what she is already collecting. Something that is missing from her collection, something pricier than she normally would just go and buy for herself. Maybe a certain Carson City Morgan Silver Dollar, that type of thing.

Good Luck!!


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TWELVE Goon speeches through the week
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