An Encouraging Thursday

260
Thu, Sep 8, 2011 - 5:10pm

It what can only be construed as encouraging action, gold flew back higher today, nearly to the level it was before the blatant manipulation of Wednesday. I'll be very interested in the OI numbers tomorrow to see if today was primarily due to continued short covering by The Cartel.

I'll find it quite amusing if it was. To think that the SNB deliberately tried to manipulate gold lower only to be thwarted by the greedy, frightened, short-covering Cartel is wonderful to consider. Sort of like having your two worst enemies declare war upon each other. I'll stay happily on the sidelines while I giggle at my good fortune. At the end of days, survival instinct kicks in and everyone turns on each other. Perhaps that's what we're seeing here.

Regardless, The Turd is quite pleased with where we stand at this moment. Absent margin hikes or further intervention, the PMs look certain to trade higher this evening and into the overnight. (President O'bottom discussing the idea spending more money that we don't have should help provide the bids.) IF they can survive the usual 3:00 am LBMA beatdown, they will be poised for a stellar day tomorrow. Perhaps they will even finish with a green candle on the chart.

And if you haven't read this yet, I suggest you do it now. There's no sense in me commenting on it as I would imagine you can easily envision what I would say. (Something like "duh" or "ya think?" comes to mind.)

https://www.zerohedge.com/news/goldman-head-gold-trader-speculates-about-authority-intervention-gold-sees-gold-pushing-higher

Have a great evening! TF

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  260 Comments

¤
Sep 8, 2011 - 7:51pm

NBC: Feds investigating credible threat

By Carla Mozee

LOS ANGELES (MarketWatch) -- Federal authorities are investigating a credible threat surrounding the 10th anniversary of the Sept. 11, 2001, terrorist attacks, according to NBC News Thursday. U.S. sources described the threat as "specific, credible," the report said. NBC News reported it was told by one official that talks were underway about whether to raise the threat-warning status, but that no decision had been made.

¤
Sep 8, 2011 - 7:55pm

Metals perked up a little bit

Not much, but better then down.

We'll see what the Asian markets have in store shortly.

Jake
Sep 8, 2011 - 7:56pm
Vincent
Sep 8, 2011 - 7:58pm

Warning!

ABC News is reporting that US officials believe that 3 ppl have entered US to launch a car bomb attack. Target: NY & DC

Tesla
Sep 8, 2011 - 8:05pm
f
Sep 8, 2011 - 8:05pm

Grasping for straws...

You know the end of the great experiment is near when the demagogues start parading these plans as a panacea to all our problems. It's like, the more complex and severe the economic problems get, the solutions keep getting simpler. Rebuilding bridges is going to fix the economy? Reminds me of a scene in the Lions for Lambs movie, where some silk-suit wearing Senator is all hyped up about a "new strategy" to win in Afghanistan. Of course it's just the same old song and dance. When you've got no solutions, just pretend like you do, and buy enough time for you and your buddies to keep pillaging before the economic train completely derails.

ohiometalman
Sep 8, 2011 - 8:09pm

9/11 threat

Black Swan coming... and just in time! Sure am glad that Homeland security is protecting me from the bogeyman. I am on a role tonight!

ScottJ
Sep 8, 2011 - 8:10pm

Planned News - Tyranny or Freedom?

I just watched Obama's speech, and how sad he talks about the children without any actual care for them. Physically fixing schools that still teach nonsense is not any sort of answer... but hey what do I know, I am not a professional politician.

After the 40 minutes of holding back my comments, I took a notice to the "special report" of new fears of a terrorist attack on 9/11. Talk about STAGED FEAR MONGERING NEWS. This couldn't have been at any more of an opportune moment, leaving those watching in a state of paralysis to not critically think about what Obama has just said... instead to support him because all they heard was "pass this now," and a lot of empty rhetoric about how wonderful things will be again.

As soon as the speech ended, it went straight to breaking news, which has supposedly been out for at least several hours as Obama was confronted on the situation. Why did they have to release the breaking news in such a dramatic fashion at such a moment if this has been known about!??!

MY QUESTION IS -- If this is such a credible homeland security threat, why is Janet Napolitano wasting her time clapping in the chamber instead of looking for this threat that is suppose to have the nation on edge?

Answer: None of these stooges are looking out for us, and their unintentional or intentional ignorance is leading many people to the edge of a cliff.

Be vigilante, there are no coincidences with the timing of these announcements.... the end of Keynesian economics means there will be a lot of shock and awe in all aspects of our lives, designed to keep us in constant fear and dependency on the very thing that is feeding it, and to perpetuate the authoritarian power that is emerging.

If we become divided from one another, we will be conquered. The people must unite in the cause of liberty or we will fall to the hands of tyranny. That is what humanity is up against in the coming days.....

At least in my opinion....

LaMachinna
Sep 8, 2011 - 8:11pm

@Beardus - Eggggggsactly

rotten spelling intended! Stinks lot rotten eggs. That's precisely what I "heard" from the entire speech....

Pass it NOW......do this NOW.....Right Now.....

What's that saying.....Your failure to plan (lead) does not constitute an emergency on my part! Why the sudden rush? Why the emergency? Why can't it be discussed? Rush another bill? Rush another legislation? Why I know our congress wouldn't THAT!

Good grief.

Larry
Sep 8, 2011 - 8:11pm

Two threats at one time?

We now know what the MSM will be talking about constantly until 9/11... new terror threat. This and sports coverage should keep us all suitably numb and distracted from the, uh, problems.

But the first threat was even more serious and came during the speech. "I will take this message to every corner of this cuntrah".

Did the Teleprompter ever really stop campaigning, other than vacation and golf? Oh, the humanity!

beardeus
Sep 8, 2011 - 8:14pm

As recorded by A. Milton

As recorded by A. Milton Musser:

"...Prophet Joseph said that the next great (U.S. civil) war after the war of the rebellion (the Civil War of the 1860's between the North and the South) would commence in a little town now called Chicago but at that time it would have grown to be a very large city. And another brother told me that the Prophet said that the cause of the next great trouble of the United States would be the depreciation of the currency of the United States. I believe I have given you all the facts in as short and concise manner as possible."

ohiometalman
Sep 8, 2011 - 8:14pm

@scott J

Spot on my fellow turdite! This is exactly what is happening. Seek comfort in knowing you are not the only one seeing this coming. There is a place in Ohio for someone with your thinking when it hits the fan!

Larry
Sep 8, 2011 - 8:15pm

All starting to make sense...

"ABC News is reporting that US officials believe that 3 ppl have entered US to launch a car bomb attack. Target: NY & DC"

Wasn't Jeff Gordon and a couple other nascar dudes in the White House just yesterday? Hmmm...

silverbonz
Sep 8, 2011 - 8:18pm

CPNSCARLET

Yeah I'm still waiting for my invite too! That's o.k. I might as well stay and watch the show, it looks better up close anyhow.

Chris P. Bacon
Sep 8, 2011 - 8:18pm

And what the hell was that

And what the hell was that about an old fashioned or outdated notion of what government can and can't do? Don't most of us call that The Constitution!?!?

Jake
Sep 8, 2011 - 8:22pm

Here's a Condensed Version of the Speech

PASS THIS BILL--PASS THIS BILL--PASS THIS BILL

daveyboy
Sep 8, 2011 - 8:23pm

The you is a general You say

The you is a general

You say Al Queda I say Goldstein

You say Israel the bastion of democracy, I say a state founded on terrorism

You say cut social security, I say are you freakin nuts? This is the blueprint for the imf riots (which has been well documented)

You say Sept 11, I say they don't even give a *hit about the first responders. They are the real heros and if anyone really think in flaming wreckage of the twin towers that they could recover a passport only partially caught by flames belonging to none other than the "leader of the hijackers" then I got a floating island in the med ocean i would like to sell to you.

You say the war on terror i say the war on everybody. The laws target everyone, even little kids getting naked body scans at airports!

You say islamic extremists, i say yeah, some nut jobs without a clue who are provoked/entrapped by undercover feds.

You say sound money, I say this is all going to be under the control of the bastards that raped us.

You bleat about government spending, it's a mere fraction of the private bank debt and yet NO ONE mentions it.

You say the EE are going down, I say, they give less than a shit about the nation state. This is about negotiating a mutually beneficial deal with the east.

You say this time it's different, I say as long as there is some semblance of an economy, then the puppet masters will manipulate all they like.

You say support the troops, I say hell yeah support the troops, bring them home, invest more in the veteran hospitals. Look after these people who are victims in this evil.

Northern Border
Sep 8, 2011 - 8:25pm

@ DPH

I think its the latter of the two choices:

O Bottom and his crew of thug Chicago buddies don't have a clue what they are doing.

None of them has actually had to work from the bottom up and eat tons of shit burgers like I have through out my life, but at a young age of 31 I have accomplished more and have overcome the most overwhelming odds in life. I have beaten most which has allowed me to excel and have an enormous amount of responsibility and actually "create a job" and realize as a business owner, I am going to loose money the first year, break even if I am lucky in the second year, and maybe if my rep is still around I make a profit in year 3.

Not exactly easy to manage a budget and "plan for the future" when you have these idiots who could not even run a lemonade stand if their lives depended upon it at the helm.

Side note: my 3 team parlay bet this week is:

Packers -4 1/2

Houston -8 1/2

Browns -7 1/2

Jexy
Sep 8, 2011 - 8:26pm

Not to far fetched reasoning as to why cash may go away

Reviewed this long but interesting take on why cash may go by the wayside, but what is coming is considerably scarier if you consider the consequences.

Some plans are years in the making.... And they are just around the corner from completion.


https://www.youtube.com/watch?v=zwy1dYggR7c&feature=player_embedded#!

Thank you Turd for your continued take on the metals reality.

Tesla
Sep 8, 2011 - 8:26pm

@Jake

Missing the flashing 'applause' sign behind his head bro

I_ate_the_crow
Sep 8, 2011 - 8:26pm

From that joke of an ABC

From that joke of an ABC "breaking news" article (right on with the timing observation ScottJ):

At least three individuals -- one believed to be a U.S. citizen -- entered the U.S. in August by air with the intent to launch a vehicle-borne attack against Washington D.C. or New York around the anniversary of 9-11, according to intelligence officials. As news of the information became public authorities began weighing whether to raise the national threat level.

The suspected terrorists are believed to have embarked on their journey to the U.S. from Afghanistan, according to one senior official taking a route that took them through at least one other country, possibly Iran.

I like the use of the words "believed" and "possibly", aka "we made this up". Now go be a good American and spy on your fellow citizens and prepare to support the bombing of Iran. Oh and be afraid. Be very afraid.

Reality has jumped the shark.

johnboatcat
Sep 8, 2011 - 8:30pm

That speech had the Republocrats

on their feet clapping about twice as many times as I have seen in any speech by a Demoncrat President. They also clapped in their seats for a majority of the proposals. That is telling! Something very close to that preposal will be passed. BTFD

TheGoodDoctor Vincent
Sep 8, 2011 - 8:33pm

@Vincent and DPH. Let the

@Vincent and DPH. Let the 9/11 Anniversary fear mongering begin!

NW VIEW
Sep 8, 2011 - 8:35pm

A MAN'S WORD IS HIS BOND

Many of us are just not able to watch Mr. B.O. speech tonight. I really do not have anything good or bad to speak of him and he may be doing the best within his own understanding. He received an economy that was horrible and many had a hope that a new, bright, leader could direct the nation into peace and prosperity. I vote for that (not him). We have failed. However, the failure started long ago. When we watch such a speech as tonight, most do not believe a word spoken. In the past, I have sold homes and made agreements with a handshake. A man's word was his bond and the value of a man's character was his follow through in his handshake. America was built on truth and character. The world does not believe anything we say anymore. We are not a light unto the world as the Statue of Liberty signals forth.

It is not enough to change presidents or congress. The nation is broke and morally bankrupt. Socrates said "A horse is not know by his furniture, but qualities; so men are to be esteemed for virtue, not wealth". Pray for the nation.

Jake
Sep 8, 2011 - 8:38pm

Manchild's Mandate

`PASS THE BILL!

Shill
Sep 8, 2011 - 8:41pm

9-11 threat

9-11 threat

¤
Sep 8, 2011 - 8:42pm

ScottJ

Exactly! Well put.

I missed your post while typing mine. Yours is better

I almost can't believe what we just witnessed. But then again, I can totally believe it. wtf?

We've seen this all before, 10 years ago. And 10 years before that in the first Iraq war. Cycles or what? The 4th turning. U'mmm...

The bigger the lie (deception) on the biggest stage is probably the most effective. I fully expect (sadly) to see him on TV in a month or two or three, explaining the reasons Iran, Yemen or Syria is going to get hammerd into the Earth. Stay tuned.

¤
Sep 8, 2011 - 8:43pm

Shep Smith on Fox

Don't know if anyone caught him talking after the speech.

He laid out exactly the timing of tonights events and how the WH has choreographed everything leading up to tonights terror attack warning when it happened. This is what he laid out, which most of us know.

The repub.'s traditionally respond, but they didn't so as to foil the Dem.'s counter post response (little kid games or what?) to their response. The Repub.s pissed the WH off so much by doing so that the WH/Prez. refused to meet with them before his speech like they usually do. The WH wanted the opportunity to accuse the Repub.'s of not supporting his jobs plan. The Repub.'s denied them the chance by not retorting.

So the WH initially said the speech was 43 minutes long without applause, so as to only give the Repub.s minimal time before the football game to respond (more kid games).

The speech was 33 minutes long with lots and lots of awkward applause. That whole terror threat was designed to be thrown out there after the Prez.s speech and during or right after the Repub.'s were supposed to talk. The terror threat, (hopefully a false alarm) also serves the purpose of blunting any Repub. response. But their wasn't one.

So you have to ask yourself, did this threat just came out today and they put it out immediately and it was a coincidence that it was right after Obama was finished speaking? Of course not.

So then you have the ugliness and pettiness this WH engages in on the political stage on a night when this highly anticipated (by the MSM) big speech about jobs and bi-partisanship B.S. is all gathered up for the good of the economy and the American people etc. blah blah... What crap!

They used the moment to play games for Obama's re-election while using a terror threat as a tool 3 days before 9/11 as if they didn't know this well beforehand.. Why didn't they announce it this afternoon? Because they didn't want to upstage the President.

They have established that the President is more important then any terror threat they may receive is what I take away from it and a actual threat can be used against the repub.s if possible at the same time.

Never waste a good crisis, right?

It's all a farce. A not so well done farce that is as transparent as this President and his agenda. That might have seen th worst (and most pathetic) speech ever given by a President during a time of national crisis.

He kept saying the same thing over and over, almost begging. Like that one software guy on TV who looks into the camera and says " Please buy my product" in a commercial.

I'll look for the Shep Smith clip. He nails it and calls it for what it is.

pbreed
Sep 8, 2011 - 8:45pm

Prepare accordingly.

We have a massive power failure in San Diego.

From Az border and north to South orange country.

Power out in northern mexico as well.

No specific cause yet.

I'm typing on battery powered laptop though my phones internet connection.

I've recently acquired a backup generator, alas I've only got about 12hrs fuel presently and all the gas stations need power to operate. I've planned to get enough gas to operate freezer for a week, just have not done it yet.

I suspect that a lot of delayed maintance is happening in the U.S. and more of this will happen as times get tougher.

¤
Sep 8, 2011 - 8:47pm

Tyler at ZH in rare form

Obama's Speech: Ali G Style Submitted by Tyler Durden on 09/08/2011 19:59 -0400

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