Three Great ZH Reads

Tue, Sep 6, 2011 - 5:06pm

As most of us "met" each other through ZeroHedge, it's probably unnecessary for me to point out articles from there which you need to read and study. However, many Turdites are unfamiliar with ZH and most Turdites are often so busy that some of the days events are easily overlooked. Therefore, I present to you these three, terrific articles for your review and consideration.

First up, here's a fantastic summary of the impacts of today's move by the Swiss National Bank to peg their currency to the euro:

We were all a bit disgruntled today by the PM market's inexplicable response to the move by the SNB. The post below explains things quite well:

This lengthy missive by Charles Hugh Smith gets a number of things right about the long, sad decline of the "Western", Keynesian economies.

Lastly, Trader Dan no longer has the time to post every day but, when he does, it's a MUST READ. As is the case today:

Here are your updated charts. Both silver and gold turned in very disappointing days today but all is not lost. Both are heading into a critical 24-36 hours where the next short-term trend will be determined. On Friday, I was 90% certain that the next trend was UP. After today, I've dropped to about 60%. In any event, we'll know very soon.

Have a great evening. Be sure to watch the overnight action as it promises to be interesting. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 6, 2011 - 5:11pm

Thanks TF!


Sep 6, 2011 - 5:11pm


first? Thanks turd! see if i can time and make some fiat..

Sep 6, 2011 - 5:15pm

I suppose there's one other thing German fiat wonks could pull

Just pull the plug on the euro at Wednesdays vote. What! Germany bring down the fiat ponzi world? My you'd think the 3rd world war would be left for another nation to take the lead. I see euro print to infinity. EU/USDinker swaps mean the EU need no printing press. AmeriCON'd foot the whole bill in all bad debt/worthless bond purchases worldwide. dead head feds say so.

Hoping to learn
Sep 6, 2011 - 5:19pm

Pan Asian Gold Exchange

I really enjoyed the videos of James Turk about the PAGE and it made me wonder:

If they are going to have their gold contracts backed by 100% physical,won't that cause investors in the other exchange where they are leveraged, to pull their investment and thus expose the shortage in actual physical.

Sep 6, 2011 - 5:23pm

UP Trend

Turd, I think that your uptrends are still valid, the CHF monkey wrench is just creating a short term segue. Although, I do have to say, the CHF long term is very concerning.

Patrick Wright
Sep 6, 2011 - 5:23pm

I think we have a correction

I think we have a correction on our hands, $37 silver and $1650 gold coming Sold my logs yesterday and went short today

Hoping to learn
Sep 6, 2011 - 5:23pm



Sep 6, 2011 - 5:25pm

@Mikey - Sorry, can't let

@Mikey - Sorry, can't let that go. Even if you're 70% right, you're still 30% wrong.

If "Southern Independence" meant a continuation of chattel slavery, it had to be stopped. There is no honor in pursuing the preservation of one's God-given rights if it is done while denying the same to others. Please correct me if I'm wrong.

Dr G
Sep 6, 2011 - 5:26pm

@Hoping to learn

As Turd said, "exactly."

It was laid out nicely in a KWN interview from today with Andrew Maguire. He says:

"In the previous example, they (LBMA bullion banks) would be forced to buy at today’s prices at around $1,900, forcing the banks to crystallize a $200 loss on the previous ten tons of gold, which was a ledger entry at $1,700. Simultaneously, the Pan Asia Exchange will actually be purchasing this ten tons of gold that the LBMA bank never did, forcing the price higher and creating more derivative stress on the LBMA system as this accelerates. This obviously has the effect of exposing the bullion banks to massive derivative losses and risk exposure."

All of this leads to REAL price exploration. I would encourage you to read the entire KWN interview here:
coolmonkPatrick Wright
Sep 6, 2011 - 5:29pm


Are there any technical or fundamental reasons you are choosing those price targets?

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

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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

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

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