Getting Worn Out

Fri, Oct 7, 2011 - 9:39am

I'm glad we have this new site and I'm thrilled that so many are enjoying it and learning from it. This site is about and for you, not me. But frankly, I'm getting a little worn out.

Here are your charts. I'll be out the rest of the day at a fundraiser for an acquaintance who died from cancer last year at the age of 42. Have a great day. Live your life with joy. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 7, 2011 - 2:59pm

Soros Buys back gold did Soros buy back most/all the gold he sold??? If this is true, then that is a really good sign.

"No wonder George Soros has bought back some or all of the gold position he sold around $1,600 an ounce."

Oct 7, 2011 - 3:01pm

Following Soros is usually a

Following Soros is usually a good idea. Months back he sold millions of GLD shares...just in time for the drop. Actually he makes his moves a few months before the fact, so I think we may have to wait some for gold.

Oct 7, 2011 - 3:02pm

A comment on Zero Hedge I just had to repost.



Fractional Reserve used to mean Gold backing the FED NOTES. Today it means how much supposed fiat dollars backs the debts of the banks. This is for sure the biggest ponzi scheme ever. With gold and most likely silver trading at 50-100/1 in paper on the Comex and LBMA...its a wonder anyone pays any attention to the paper price whatsoever.

The PPT run by the US GOVT, Fed and Treasury make sure gold and silver behave and don't get too out of hand. Anyone still following Technical Analysis needs to check themself into the nearest CATSCAN office and get a complete checkup.

The charts are painted by the PPT to make analysts still believe the TA SCIENCE still works. Those who don't understand this princible trade accordingly. What a fricken DOG & PONY SHOW to say the least.

Own the physical and wait."

I am not opposed to technical analysis, but it must be remembered that often the tape is painted, especially in the short term. Longer term TA is much more accurate.

Bobbejaan Strongsidejedi
Oct 7, 2011 - 3:05pm

@Strongsidejedi ... RE:- On Vacation time & TSA, etc

Unfortunately, that's one of the reasons I haven't been back to the USA for years and WON'T go again until when or if the USA gets its libertarian-mojo back & its little-hitlers back under control ... I'm not that tolerant of immoral or petty bureaucratic/official abuse and I doubt I'd be able to bite my tongue, so I'd probably get bounced & hitlisted as an enemy of the state.

... And if you think I'm bad, you should see my son ... He's the most self-righteous & grumpiest old barsteward I know.


We pulled our lad out of school for his first trip over to the States just 2-3 weeks after 9/11, as we suspected that it might be a world-changing event due to the excessive damage we thought it likely to have on the American psyche, and we wanted our lad to see & experience Americans & America as it was BEFORE things went to hell in a handbasket ... and I'm damn glad we did, as I unfortunately suspect your nation & its citizens may never (at least in my lifetime) recover your "mojo" from events then & since.

Oct 7, 2011 - 3:05pm

LA's Mayor Hands Out Rain Ponchos To Occupy LA Protesters

"Protesters camped out on the lawn outside City Hall said Thursday that — rain or shine — Los Angeles officials are starting to show signs of support for the movement that has spawned demonstrations in multiple U.S. cities."

Oct 7, 2011 - 3:13pm

@BOP - All right, read your

@BOP - All right, read your post (I thought we had each other on ignore) and I'm glad I did. You're on the Dec calendar. Best wishes on that, great for all if it comes to pass.

As you're hardly one to be taken lightly, care for an ASE bet on that? I would relish that wager with you.

Oct 7, 2011 - 3:14pm

Frustration and fatigue

Yes this period is sucking the life out of everyone/thing. Like an ever creeping entropy. Almost on constant financial "terror" alert. Nothing makes sense - the precious is not doing what it is meant to.

I will just hold my physical. Actually just bought a big chunk of silver. Risky? Maybe. However to keep in currency, guarantees loss in real terms. Ergo cash is 100% risk in my mind. Stocks.....ermmm no!

Patience is needed right now. Yes, this waiting is exhausting, second guessing, third guessing, black swans and life savings.

All getting very surreal.

Calm volatility on edge....... wish it would all hurry up and do whatever it is going to do.

Oct 7, 2011 - 3:17pm

Gold accepted as collateral -ECB and BOE

From Wikipedia:

Good article below, also addressing stagflation.

Economists offer two principal explanations for why stagflation occurs. First, stagflation can result when the productive capacity of an economy is reduced by an unfavorable supply shock, such as an increase in the price of oil for an oil importing country. Such an unfavorable supply shock tends to raise prices at the same time that it slows the economy by making production more costly and less profitable.[5][6][7]

Second, both stagnation and inflation can result from inappropriate macroeconomic policies. For example, central banks can cause inflation by permitting excessive growth of the money supply,[8] and the government can cause stagnation by excessive regulation of goods markets and labor markets,[9] Either of these factors can cause stagflation. Excessive growth of the money supply taken to such an extreme that it must be reversed abruptly can clearly be a cause. Both types of explanations are offered in analyses of the global stagflation of the 1970s: it began with a huge rise in oil prices, but then continued as central banks used excessively stimulative monetary policy to counteract the resulting recession, causing a runaway wage-price spiral.[10]

Oct 7, 2011 - 3:24pm


Are they manufacturing these ramp jobs the last hour of trading 4 consecutive days?

Oct 7, 2011 - 3:27pm

Just because this page does not yet have a 'Feed the Turd' post

Please hit CTRL-Home on your keyboard, and click the large golden button on the right, esp. if you have not done so within the last month. To those willing to consider a subscription - this is a perfect time to pay the monthly dues.

Sincere condolences about your friend, TF. Thank you again for all you have done, and continue to do. Please take your own advice, and find time for joy and peace.

Oct 7, 2011 - 3:32pm

@Scott "Those in power are just human beings, the same as you an

Being “human” does not exonerate people from the evil they might do. A murderer is human, a rapist is also human. But not really like you and me. There are genetic defects in the human “software” that may affect the very conscience of some individuals and be the cause of “evil” consequences to others. Altruism is not specific to humans, as it can also be observed in animal behavior. The opposite quality, psychopathy, is often observable in human individuals occupying power positions. This does not imply that power corrupts the conscience, but rather that psychopathic individuals usually seek power and that the inherent “qualities” naturally provided to them by their pathology make them ipso facto better armed than any other to compete for it. If you haven’t yet read about “Political ponerology: A science on the nature of evil adjusted for political purposes” you might find the following links worth reading:

Vypuero Be Prepared
Oct 7, 2011 - 3:33pm


anyone watch "Fringe" - on the other side, they have the "show-me" card - National ID

A question about the person who was from Vancouver to Seattle - if you went over the border by car, why were you then in the airport? I didn't get that.

cpnscarlet OC15
Oct 7, 2011 - 3:37pm

@OC15 - actually, the way I

@OC15 - actually, the way I read the charts, the previous two days in the COMEX were not smack-downs. In fact, the last hours on 10/4 were very nicely up.

Anyway, how do they do it? The same way it's always done - JPM sells naked shorts with the CFTC looking the other way to see why they can't find their posteriors with both end effectors.

Oct 7, 2011 - 3:38pm

pharma spam

Has anyone else noticed the pharma spam coming through on the new forums banner @ right when you are on the forums tab. I am wondering if this ever gets cleared out? You don't notice it much unless you are on or looking for a forum and watching as the banner scrolls, just like recent comments as new forums are added, only more slowly. I think I have noticed similar spam before and wondering if it just keeps coming? Now that could be alot of SPAM.
(Just want to point that out to admin.) It is kinda sad to see the use of the forums abused in this way.

Timber Tim
Oct 7, 2011 - 3:43pm


Thanks Strongside for that detailed recall of your experience.I hope it didn't take to much away from your holiday.Though I can imagine you fancied,just turning around and heading back.Some of the changes going on in America.From a perspective of outside looking in.Are truly frightening and the change is happening so fast.

Oct 7, 2011 - 3:45pm
Oct 7, 2011 - 3:57pm


Big volume spike selling T's today.

Oct 7, 2011 - 3:59pm

Top of the channel

They couldn't get that ramp up to stick today so I think we hit the top of this trading channel or atleast we are headed for another down draft. Bought a couple Oct TZA calls today before close.

Oct 7, 2011 - 4:00pm

@diegeiro re: spam on Forums page

The topmost banner box, between the Feed the Turd buttom and the New Forum Topics box is an advertising area, with what looks to me like contextual ad placements from Google. Shirley you can't mean that? But if so, please visit some of them, as they sponsor the site.

Oct 7, 2011 - 4:01pm

Too much stress?

Please, if you are going through stress beyond watching the daily horror show in the PMs, you should take a break from your computer, TV, and any other device which keeps you tuned into the insanity of these markets. Take care of these personal things that cause stress first, if you can. Adding this to your already difficult life will only make things worse for you and others. I sincerely hope that Turd takes a break and spends some quality time with his family, let me suggest that you do the same.

If you are stacked, and I mean well stacked, such that you know you are going to survive the forthcoming financial cataclysm. Then you, above all, should be calm and confident in the face of this financial storm. What silver does day to day should not be your primary focus, unless you are like me and enjoy the day to day ups and downs in the PMs. I can afford to spend so much time here, because I have everything else that might cause stress under control, and/or eliminated. I am indeed fortunate that way, so I can take the time to help others. You can't do that if you don't first help yourself.

Remember, everyone of you helps to set the tone and trend of the discussion on this forum. Please, think before you post. Ask yourself the following:

1. Is what I am posting going to help others?

2. Am I passing on to others things that will assist them in making better financial decisions?

3. Do I contribute to the atmosphere here in a positive constructive manner?

4. Is my first motive being here to inform, instruct, and educate, as well as learn and exchange ideas from others?

We all want this to be the best most respected place on the web. We all want to be successful investors and traders. But above all, we want to be better informed and educated contributors to this site. At least I would hope that, that is your motive for being here. I know it is mine. Let us make this an oasis of respect, friendship, and a shining example of what a web community should be. Thank you !!

Oct 7, 2011 - 4:02pm



Oct 7, 2011 - 4:03pm

Trying to predict where things are going to end up....

Was a stupid in which is hard to not keep trying to figure out.

All I will say is next week will be interesting..

That is all I will say. Apologies for today, it has been quite something these past few days....

I see why Turd is worn out.....

I am too, good luck, sorry to all for bringing you on my rollercoaster, keep your mind open.

Last Rebel bensgone
Oct 7, 2011 - 4:03pm

@BenR13, What level of AG ozs


What level of AG ozs would you consider to be well stacked?

bensgone ScottJ
Oct 7, 2011 - 4:04pm

You are the best !

Scott, you have nothing to apologize for. You are just trying to help everyone. You are what an ideal contributor and moderater should be. Keep up the good work, buddy. And, thank you for all you contribute.

Moderator Jane
Oct 7, 2011 - 4:09pm

Pharma Spam

I removed some pharma spam from the forums in the last hour. Yes, they hit regularly. You may not realize how much work the moderators do to keep the site free from spam. If we put in a strong spam filter then it pops up and annoys real people who are trying to post. We do have some automated anti-spam measures, and we are always looking at new spam solutions. Thanks for the heads up.

Oct 7, 2011 - 4:09pm


I wasn't talking about PMs :). I was talking about the Dow. Tues-Thurs this week markets miraculously got legs from 3-4 and ran up atleast 100 points (sometimes quite more). It started again today...was down about 20 and ran up all the way to +90, then collapsed. Since August when we had the 600 point drop, Dow gets topped off at about 11,500 in this 1,000 point channel of volatility we've been running. Seems like it ran out of steam at 11,200 today. Since we hit 10,650 monday (the newest low close in over a year) it had a nice bounce to 11,200 (briefly). I think we are headed lower next week. I'm done pissing around with trading paper gold and silver. Going to try my hand at paper paper.

Oct 7, 2011 - 4:10pm

It's been pretty quiet in the EU and from the Fed.

For the last couple days it seem's. No multiple rumors or significant statements from all of the 3 letter entities for the most part in the last day or two.

Which leads me to believe something is coming soon. Maybe after the markets close or this weekend. Maybe some type of trail balloon in the MSM to float out there.

Todays markets another yawner. Much too quiet imo.

Oct 7, 2011 - 4:12pm

Random Outburst

Does anyone actually think that boom and bust cycles are a product of "main street" investors driving the market? We have been played. Everyone on this forum has been played like a fiddle in one form or another, and although we know how to cure the disease (The Fed) we still as a whole insist on not treating the symptoms. What are we to do? We just keep throwing and investing our paper "chips" into their Wall Street Casino money machine expecting to beat "house odds" continuing to play their game. Mind boggling madness and down right frustrating.

The markets will not be getting any better, although they may paint the charts to give that illusion. Adjust your strategy accordingly, and let hindsight be your compass. Our perceptions are not always our realities. If you must play in the Casino, my suggestion is to go sit next to the worlds greatest poker player or craps player or whatever rigged game of your choosing and put your money where they do. This is what the "insiders" do, its simply illogical to think otherwise. They use their own institutions to suck our life blood. The S&P is certainly their favorite way to "launder" the stolen money. The S&P represents approximately 3/4 of all liquidity of all the markets combined. Cash/FRN Cow. The insiders can use any number of these 500 companies to their advantage. When the S&P gets enough liquidity in it, they pull the plug on it creating the "boom, bust cycle" all the while the "big money insiders" had strategic puts in place stealing our "chips" as the markets tumble. Where do you think the money goes? It just changes hands from the trusting to the evil. With 5 trillion roughly represented by the S&P, its not difficult to see the strategy in hindsight. Rinse, Wash, Repeat.

Let the BSD beat down begin. Give me some thoughts and feedback, the good the bad and the ugly. Lets refine this a little.


Oct 7, 2011 - 4:16pm

Quit fiddling around

BSD...had you going there for a minute didn't I?

I agree with you. I feel like a friggin' Stradivarius with a couple strings ready to pop.

Oct 7, 2011 - 4:20pm

Its 4:20 and nice to see...

Gold and Silver making a late day comeback - hopefully it ends that way:)


If you bought silver or gold in August, you were hurt in September. But you buy silver not only as an investment but also as insurance against inflation. You wouldn’t cancel your insurance policy in the middle of a hurricane, and you shouldn’t sell silver when it takes a tumble. Like any insurance, silver’s value will pay out over time, not day by day.


Shill - i appreciate your thoughts - always enjoy and respect your opinions. I also think your being a bit hard on yourself with regards to that loss. Like you said, really no biggie at all. All is very well. But that shows also just how successful you are and 'don't like to lose' attitude which is great.


Dark humour in everything. Honestly, if life wasn't so tragic - it would be actually funny. Some of the power players in the world - are like out of the movies or video game - or perhaps like a stand out character from a Stephen King story...


RaRa... Its 4:20 time


I am thankful for our community on here.




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