Ready For More BLSBS?

Thu, Oct 6, 2011 - 3:58pm

While we patiently await the once-a-month fun that is the BLSBS release, just a couple of things to chew on.

First, for those of you who can't wait for 8:30 am EDT, here's a preview:

LIESman: "We expect the number any second now. What are your final predictions?"

Shill: (in a whiny voice) "I expect something like 120,000 on the NFP number."

Coug: "(prrrrrrrr....) Steve, darling, I'll go with 100,000."

Wyatt Earp: "(unintelligible) (garble) (gurgle) Uhh...well, I...uhhh. 160,000! Yah! 160,000!"

LIESman: "Let's go to Hampton Pearson at the Labor Department."

Hampton: "Unemployment rate of 9.2% with NFP at 42,000."

LIESman: "Wow, another disappointing number. Mark, whaddayathink?"

Shill: Uhh....seasonal irregularities...uhh...debt weather...seasonal irregularities."

Coug: "(prrrrrrrr.....) I don't know what to say. These numbers just aren't improving".

Wyatt Earp: "(gurgle) (garble) (unintelligible)"

LIESman: "Well, it must just be....(lies)(SPIN)(MOPE)(administration ass-kissing)". {Note: As the ass-kissing continues, you'll actually be able to observe the LSHI (LIESman Shiny Head Index) move from about 3 to 7.}

Gold and silver, after being beaten down all night long and immediately following the number, begin a steady rise higher.

There you have it. Why wait for 8:30?

Here are some longer-term charts to help you mentally prepare. Note that both gold and silver have some easily identifiable levels above which we can begin to get excited about the short-term direction of price.


Lastly, when you have the time, I highly encourage you to watch the video below. It's from a conference back in January that was put on in London by Cheviot Asset Management. The speaker is Chris Powell, the co-founder of GATA with Bill Murphy. If you've ever wondered how and why the gold market is suppressed and manipulated by the central banks, this pretty much explains it all. It's truly a MUST WATCH for all Turdites.

Thanks all for another great day here in TurdLand. More tomorrow, post-BLSBS. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Perfidious Albion
Oct 6, 2011 - 4:04pm
Oct 6, 2011 - 4:05pm

Oh Well

The system works until it doesn't'. The lies continue until they don't.

I really miss Band Camp.

zman SilverFocker
Oct 6, 2011 - 4:08pm

GDX up 2.52% and GDXJ up

GDX up 2.52% and GDXJ up 4.68%, not bad folks, still a long way to go.

Oct 6, 2011 - 4:10pm

History Channel Season Premier-Fort Knox Gold-Fact or Fiction

GATA and Le Metropole just posted an alert to watch this History Channel presentation. It is available online at the HC website. It is well worth the 45 minutes. What is truly inspiring is that in conjunction with publicly airing the question about whether or not the gold is actually there, we get a great presentation about fiat currency and the implications of the end of the Keynesian experiment. Good luck everyone.

Oct 6, 2011 - 4:11pm



Edit: Funny- Just came in from mowing the lawn. Thought I'd check in to see if Turd posted something new. Two days ago right about this time I could have posted first, but I waited and waited for somebody else, and then finally Henateme or whatever our friend's name is finally posted. Then I thought, "I should've gone for it." No hesitation this time. I always felt it was kind of silly to do it, but you know what, you've got to do it just once to get it out of your system. Ahhhhhhh, now I feel better. Hang in there my friends. Have a great night!

Oct 6, 2011 - 4:11pm

Too good not to post

Forgive me...

Oct 6, 2011 - 4:13pm

The System Has Failed What's

The System Has Failed

What's plan 'R'?... 'S'?...'T'?...'U'?...

Bay of Pigs
Oct 6, 2011 - 4:14pm


Now you're getting somewhere Turd!


Dr G
Oct 6, 2011 - 4:18pm

Too damn funny, Turd, because

Too damn funny, Turd, because every bit of it is true!

Just remember that anything is better than ZERO, so the jobs situation is improving based on that alone!

Economical Disaster
Oct 6, 2011 - 4:19pm

Maybe the world is coming to

Maybe the world is coming to an end in 2012.

The list of endless scams, corruption, lies and greedy cheating scum are rampant in society. MAYBE the Mayans read it correctly, society eats itself alive, then collapses and dies.

Makes you kind of wonder about some "things".


The government does NOT WANT THIS: (From zerohedge)

Steve Jobs showed time and time again that the best way to improve people’s lives is to create value and be productive.

Oct 6, 2011 - 4:21pm

Did e-trade change it's webpage color schema?

Because I logged into my account today and all the stuff that's usually red is a strange green color. Oh well, I'm sure it's just a trial balloon of some sort and they'll revert back to the familiar red tones again tomorrow.

Oct 6, 2011 - 4:26pm


Are you referring to a Jihad against the Banksters with that poster and that sentiment? I'm confused, clear me up...

Oct 6, 2011 - 4:26pm

Gold chart

Gold has almost had a perfect cyclical pattern with bottoms made right on time. The single exception occurred in 2009 where RSI took a bit longer to get down to show severely oversold. Gold has never come down as fast from top to bottom, so maybe we will get a quicker recovery this time. Would the same time frame apply as previous cycles, more time is needed to work this through on the gold chart. Not much more;)

Oct 6, 2011 - 4:30pm

POSX and Calvin bouncing again

Just gives me a excuse to use Simon as a Calvin substitute

Timber Tim
Oct 6, 2011 - 4:30pm

Turd you really are part of the EE

That's it man,you are busted.I recognise that script anywhere.Hiding in plain sight,best form of camouflage.You can't pull the wool over my eyes any longer.I was sheared last week. baaah baaah

Oct 6, 2011 - 4:32pm
cpnscarlet jlee2027
Oct 6, 2011 - 4:35pm

@Jlee - I guess "My kinda

@Jlee - I guess "My kinda woman!" is too cliche'd. F-it, I said it anyway.

Oct 6, 2011 - 4:40pm

Well, there goes the neighborhood...

Well, there goes the neighborhood….

In light of the NFP tomorrow, thought I'd offer another example of the ongoing middle class/entrepreneurial squeeze in this country due to monetary policy:

My neighbors, who are from Perth Australia, have been in the US for the past 7 years trying build a small business that manufactures industrial plastic containers. They moved here and partnered with a US citizen to get the business started, but have some property and a house back in Australia. The business itself is going alright, but they announced to the neighbors last week that they are moving back to Australia, because they “are loosing ground by working in the US” since he draws a salary in USD and sends part of it back to Australia to maintain the properties and pay taxes. 

I know all currencies are in a race to the bottom, but Bernanke is outpacing his counterpart down under. In 2009, the USD/XAD was around 1.10, and now it’s down in the 0.70’s. That’s something like a 40% reduction in purchasing power over the past two years for someone who earns POSX and has expenses in Aussie dollars.

Hate to seem them go, as they are great neighbors. Very funny, honest, hard working, and willing to drink beer at a moment’s notice - just the kind of people we'd like to encourage to come live here.

The silver lining is that they’ve agreed to let us come visit them down under, and it looks like it would be a chance to visit the Perth Mint! Not too shabby.

Oct 6, 2011 - 4:46pm
Oct 6, 2011 - 4:53pm


“While this sounds like an outrageous claim, silver is actually rarer than gold. This is because silver has industrial applications and every day our technologies require more and more silver to operate. Silver that is above the ground has been diminished by 91% since 1980, while the stockpile of gold has grown 600%.” Says, George Maniere

“Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver! Amazing! Remember that. Tell others. Shout it from the rooftops. Wear it on a street sign downtown, followed by the words, "the end of your financial world is near!" States, Jason Hommel

“Perhaps one in a million, or one in ten million, of the world’s 6.5 billion inhabitants know silver is rarer than gold. I think it is reasonable to assume that many more will come to learn this truth in the years ahead, with an enormous impact on price. Rarity is a very basic concept that all people intuitively understand.”

Value of Silver vs. Value of the Dollar: Above the Ground, Silver is Rarer Than Gold

“That’s right, silver is rarer than gold. But now you ask “Greg, you dolt, why the heck does an ounce of gold cost 54 times as much as an ounce of silver?” I’ll get to that in a moment, but first I’ll show some more about silver’s relative rarity.”

“There’s less above-ground silver than gold…the main reason for that is the fact that nearly all dug-up silver immediately goes to industrial use. Silver’s one of the most useful elements on earth, with incredibly high thermal and electric conductivity.”

“That’s why there are 1.6 billion ounces of gold inventory compared to only 300 million ounces of silver inventory. That’s 5.33 times as much gold as silver.”

Value of Silver vs. Value of the Dollar

“What I will focus upon is the total identifiable silver stocks as published by the GFMS Silver Survey 2000 (page 29) as 700 million ounces. This number implies all known silver as reported by Gold Fields Mineral Service. However, before the silver bears jump on my case let me account for some unidentifiable silver supply. So, just to be on the safe side I am going to add 300 million more ounces to be conservative, for a total of one billion ounces of silver. Here is where this discussion should light a fire under the reader. The impact of this is very significant indeed. It means that silver's above ground supply is one fourth the above ground gold supply. Silver is actually more rare than gold at this time in history.” Writes, David Morgan

Mike Maloney : “Silver is extremely rare. For the first time in human history, there is more gold for investors to buy than silver.” There’s 8.3 times more gold available to buy today than silver.”

“Without a doubt silver is going to be one of the best investments in human history. This finite resource is getting scarce and is definitely on’s radar. According to the CPM group, above ground available silver is roughly around 300 million ounces. Just to give you an idea on how big of a deal this is, just 60 years ago the world had an above ground silver supply of over 10 billion ounces. Comparatively, gold 50 years ago had an above ground supply of 1 billion ounces and today it is over 7 billion ounces. That’s right, the above ground available gold supply is up 700% in the last 50 years while silver’s supply is down 97% during the same time period.”

From time to time, I think it appropriate to remind ourselves as to just how rare silver really is. This is the most powerful fundamental that should give us a profound reassurance, that when we stack, we are doing the right thing, and this is the right investment. I know most of you are very much aware of this, but how many of you know precisely how we got to this point, when historically the ratio of silver to gold in the ground is estimated to be 15 to 1.

When the U.S went off the Silver standard in 1965 the whole world followed suit. No country on earth today uses neither gold nor silver as money in circulation to make day to day purchases. When Silver stopped being used as circulating money, the supply became hugely available so the price dropped very low and made it cheap and abundant. This caused industry to use it like water and has depleted the above ground supplies to( by some estimates) less than 4 oz of silver to 1 oz of gold.

 Can there be any doubt that silver is the best possible investment you could possible make? Can there be any doubt that the potential is mind boggling beyond our wildest expectations? Purposefully induced ignorance by means of lies, obfuscations, and manipulations perpetrated by the “EE” has brought us to this state of affairs, and is one more piece of evidence, proving beyond any doubt, that artificial price suppression is a reality.

Timber Tim
Oct 6, 2011 - 4:54pm


It will be a complete white out tomorrow.Your have to wear sunglasses just to see him.

Oct 6, 2011 - 4:57pm

Hey people, we have the best internet community of all !!!

I am going to keep saying it again and again, because it’s true. There is something very special about this place. It’s almost magical. I am spending hours and hours in here, pouring over all of the fascinating, thought provoking, and stimulating commentary, news articles, erudite analysis, perspectives, and amazing diversity of opinion on this site. We have doctors, lawyers, college professors, ex-military, students, and who knows what other professions are represented here. We have some with their own blogs and websites gracing us with their astute perspectives on the markets. Here you will encounter some of the finest minds you will find anywhere on the web. Our members are people from all over the world.

I hardly have to go anywhere else to get all the information I need and can absorb on my favorite subjects, economics and politics. When it comes to news and information, if this site at all reflects of the rest of the internet (and I believe it does), then the EE is finished, kaput, done in, and defeated. 

I commented to another member on this forum, that they are perhaps overlooking one very important thing, when it comes to how the hyper-inflationary scenario and the end of the dollar might unfold. It is not going to be easy for the EE to just impose another worthless fiat monetary system on the world, nor are they going to get away imposing one that’s global. There are simply too many people who are now aware of what is going on. The internet is as powerful a new technology as was the Guttenberg printing press. But this time, the new technology is infinitely more powerful and ubiquitous. This is without question the information age, and we have yet to fully grasp its power and life altering significance.

We are indeed supremely fortunate to be living in such interesting times. I am never, ever bored and am in a constant state of learning. This is truly a community and I consider it my extended family. 

Turd, I hope you realize what an incredible place you have created for we your followers and admirers. It is truly amazing, wonderful, and downright beautiful. I hope the spirit of this community only thrives, grows many times better, and attracts even more great like minds. I should like to think, that this website is going to become one of the most visited places on the internet. Thank you Turd, for this fantastic place to learn, grow, and become well informed. A unique place, where we can help each other become our very best.

JP McManus jlee2027
Oct 6, 2011 - 5:00pm

My wife would love that AR

My wife would love that AR

Eric Original
Oct 6, 2011 - 5:04pm

Cedar Siding Staining Job

OK, got the really snarky, high up, tippy, stuff out of the way. From here on out it's just a matter of slapping down as much stain as fast as I can. Canadian Club will blaze the trail. Git 'er dun before dark, that's the bottom line....

Wish me luck.

Dr G
Oct 6, 2011 - 5:05pm

I saw an older (7+ years?)

I saw an older (7+ years?) documentary on the Discovery channel a couple of months ago on Fort Knox. It was pretty good. It also talked about the minting of gold eagles and the such. Not bad.

I recorded the Decoded episode from last night but didn't watch it. I just watched it online at work and it was a great episode! They interviewed some great people, including Chris Powell from GATA. Really enjoyed it.

Reminds me why I buy metals. Also reassures my belief that I hold more gold and silver than my government does.

Oct 6, 2011 - 5:10pm

Nice one tesla

We need more of your computer graphic art skills more often. I like them.

Oct 6, 2011 - 5:12pm

Cue the algos!

Cue the algos! Is this all under algo control? I think so these days!

It's all a game! No buyers or sellers moving this price (the underlying price movements --the market we see is a mix between 3rd party (us humans) and the underlying algo-controlled markets carefully integrated together).... just programs executing behavioral finance patterns and us trying to fit nonsense to what we see....

Convincing ourselves of what is going on is nothing more than a test of the ego.... what a great place to hide the truth than beyond our pride to admit that we are not in control of what is going on!

Gold and silver, after being beaten down all night long and immediately following the number, begin a steady rise higher.

There you have it. Why wait for 8:30?

Here are some longer-term charts to help you mentally prepare. Note that both gold and silver have some easily identifiable levels above which we can begin to get excited about the short-term direction of price.

Only thing I don't agree with is I think gold/silver rise tonight (silver to 32.8, gold to 1680ish) and then get beaten down tomorrow morning back to ~31.4ish and 1640-1650 before rising tomorrow like you mentioned.

I think the $HUI continues charging up tomorrow, but early next week will be in for some consolidation, as it is moving up with too much swiftness and will need to consolidate before moving higher....

Will be posting more on my algo theory later on tonight.

Previous comments on this situation from the last thread here:

If price drives sentiment, and sentiment drives perception, and the EE can control the price through their super-algorithms.....

Then the connection between EE controlling our perception and the financial markets may have its link....



Oct 6, 2011 - 5:12pm

GATA's Chris Powell is in the Ft. Knox episode

Le Metropole Members,

History Channel program cites GATA in examining Fort Knox gold mystery 

Submitted by cpowell on 10:55AM ET Thursday, October 6, 2011. Section: Daily Dispatches
1:54p Thursday, October 6, 2011

Dear Friend of GATA and Gold:

GATA and your secretary/treasurer figure heavily in a new edition of the television program "Brad Meltzer's Decoded," which examines the question of whether the U.S. government really still has any gold in the vault at Fort Knox, Kentucky. The program, to be broadcast on the History Channel, stresses the secrecy and unaccountability of the government in regard to anything related to gold. The program also has been posted on the History Channel's Internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Oct 6, 2011 - 5:12pm

Day 10 of short term prediction - still holds

I will try one shorter term prediction on Silver and Gold (on 2-3 months scale) , as suggested from the same charts

Gold prices 2011-2013

Silver prices 2011-2013
with some corrections to upside peaks- let us see what happens:

1) Silver may fluctuate around 30 USD (+- 3?) for 1 month or so (except very short sharp peaks, perhaps) , then move up sharply about 5 USD to 35-40 and drop again, now to little higher level of 33-35 +-5, and not change much anymore this year. So the bottom will be kind of close from time to time during October.

2) Gold, on the contrary, seems to be posed for relatively steady growth till 1800 in November, around which level it should fluctuate for few months (+- 50 ?) .

Kind of suggests may be more commodities will have relatively flat period from Oct-Nov till the end of the Year.

10 days is not 8 months but short term are so difficult!

Oct 6, 2011 - 5:13pm

Thanks DPH...

Been super busy man, but I'll try =]

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Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

Key Economic Events Week of 12/31

1/2 9:45 am ET Markit Manu PMI
1/3 10:00 am ET ISM Manu Index
1/4 8:30 am ET BLSBS
1/4 9:45 am ET Markit Serv PMI

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