Quick Update

Mon, Oct 10, 2011 - 6:13pm

 Turd's in charge of the 12 & under soccer carpool tonight so just a quick update.

First, watch the overnight action very closely. On past American bank holidays where the PM price has risen, the metals have subsequently been raided on the Globex and LBMA, by The Cartel, in an attempt to immediately claw back the gains. President's Day in February and Labor Day last month come to mind. Additionally, someone blew out some silver right at the close...enough to drop price about 30 cents. Did the EE alert a few friends of their overnight intentions? We'll see...


For a longer-term perspective, here are updated weekly charts for you to chew on.


Lastly, I'm going to beg you again to spend 45 minutes watching this video from Ned Naylor-Leyland's "Sound Money" conference last January. IF you think you understand the gold market and IF you think that the action since Labor Day has been "a natural correction", you might want to take the time to watch. Frankly, if you're a Turdite and you haven't yet watched this, shame on you. This is information with which you simply must be familiar.


More tomorrow. TF

9:50 pm EDT UPDATE:

​No real update. I just wanted to add this new video from loyal Turdite "Green Lantern". He took it upon himself to venture down to lower Manhattan to see what all the commotion is about. Below is his email "report" as well as a link to the video he uploaded to YouTube. Anyone else willing to do the same will get similar free press from yours truly. TF

"Hello Turd,
It took me a little while but I took you up on your request for somebody to go down to the Occupy Wall Street protest and ask some questions. I just uploaded the video to youtube. Basically, the scene is just as you described. As a loyal Turdite, I represented an extreme point of view. The core group of individuals who were hunkered down is a relatively small group of individuals who you wouldn't call the working class but what we might have called "hippies" in the 60's. However, what I did like were the impromptu debates that just erupted on the sidewalk. For some reason, I imagine that's what it might have been like in Colonial days with small groups of individuals gathering on the street talking about the issue of the day. My experience with the NYPD was that they were very polite as long as you didn't interfere with traffic and other pedestrians. 

Thank you again for everything you've done here. It's nothing short of a heroic initiative by a private citizen to inform others. You are indeed a revolutionary yourself. Sorry to hear of your loss and I hope you will take plenty of time for yourself. I'd very much like to offer you more assistance both financially and morally so I hope my little shout on the video and my poster at the end serve to lift your spirits. You have indeed influenced alot of individuals. 
Peace to you and your family,
Green Lantern"

About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 10, 2011 - 6:23pm

Repost of Stephanies comments/ too important to bypass

Gandhi, violence, and anger in the community

Submitted by stephanie on October 10, 2011 - 5:50pm. Hat Tip! 16

daveyboy wrote: "You don't reason with people like that, please get real, there will be violence, UNLESS the political elite suddenly pull back from the brink and want to salvage something. If not it's wastelands and violence, I am sorry but that's the reality."

No, that's not the reality. You are trying to create that reality, however, and that's sad.

Take a few hours of your time to watch Gandhi. Good movie. Gandhi took down the British Empire without firing a shot. He didn't need violence, and neither does anyone here.

There's a particularly poignant scene in the film where the Indians are being beaten by the British. Rather than fighting back, the Indians just accept the beatings as their form of protest. This was instrumental in turning the tide against the British. When the British realized they couldn't force the people to do things through violence, they stopped using violence.

Anger and this community

First of all, let me just say that most of this community is wonderful and has a lot to offer. So I'm not talking about that here.

But there is a certain segment of guys on this site - yes, it's guys (sorry if I'm being sexist here) who I suspect are a bit young or rash and think that we need to to storm the castle at every opportunity. There's a lot of emotion and not a lot of deep thinking going on with some.

This trigger-happy element, clearly quite angry, also takes their anger out at other posters here, often getting into petty fights or slamming people who don't agree with them.

The moderators try to keep the peace and some of these guys fly off the handle at any polite suggestion to "take it to the forums." I was using my moderator account the other day and some guy got all pissy because I moved his religion post to the forums after announcing that the conversation needed to be moved there. He got all bent out of shape simply because I hadn't moved the first post by the other participant (which was prior to my request to move the thread). He stormed off the site like he'd been mortally offended. Good riddance, I say.

Geez oh pete! Get a grip, people! It's just a comment on a bulletin board! Not your life's work!

Other moderators have also had problems with people freaking out at them for the simplest of requests. There's not a lot of respect for the community here, or the people who run it, by some folks.

Excuse me while I get very frank here and tell you that not only is Turd sick of this negativity, but a lot of other people on the site are sick of it too. The moderators are sick of it, and a lot of regular posters aren't saying much in the blog comments these days because they might get their head bitten off.


Grow up.

I have some suggestions:

1) Find a productive way to deal with your anger. Don't take it out here. Go take martial arts or something, get a punching bag, and take care of it in a positive way.

2) Stop being so bleepin' thin-skinned. Stop freaking out at people who don't agree with you, stop flipping out at moderators, stop taking things so damn personally.

3) Try to think of smart, positive solutions instead of reveling in anger and destruction as the only resort. The TPTB want you angry and mindless, because that makes you stupid, not smart. You play into their hands if you think violence is your only route. If it comes down to violence, they will win. They have the tanks and the firepower.

4) Contribute positively to the community. Be nice to people, for pete's sake. We don't all have to agree. But flaming and slamming people at the drop of a hat for posting something you don't like is not cool.

5) As trite as it may sound - be the change you want to see in the world. If you don't like how things are going, maybe you should step up and be the better person. If you don't like oppression, don't be oppressive! By that, I mean, be kinder, more loving, more welcoming, and more supportive. (Flaming, in case you hadn't figured it out, is a form of verbal oppression.)

Maybe I'll get my ass handed to me for saying all this, but it needs to be said. This community can lead by example in a positive way, or just be the same old unproductive angry venting that has gotten everyone nowhere but the same ole same ole.

I think we can do better.

Oct 10, 2011 - 6:34pm
Oct 10, 2011 - 6:34pm

A simply brilliant post from OC15 that should not be lost

Reposting from previous thread:

Being theoretically correct and reaping the rewards of oft dubbed "greatest transfer of wealth in the history of the world" are 2 different things. I have often said I believe we are theoretically correct, that owning physical gold and silver are the way to go. However, it is TPTB that are setting up this next great transfer of wealth and by no means are you or I invited to tag along with them. 

I am certain that on an elite level gold and silver will be the foundation of the richy riches' wealth. I am also certain that our stacking will not equate to us sharing in this great transfer. For the common man I am envisioning that the public will be able to convert pms to the new currency (best case scenario) but at a level that is marginally beneficial to you as ridiculously established by THE MAN and supported by the masses of sheep (probably atleast 95% of the population) who were not fortunate enough to become educated on fiat currencies, fractional reserve banking, precious metals, etc. I mean when you hear that institutional investments into PMs are less than 5% (these are people with financial, accounting, economic educations running these funds). Are naive enough to think that the common man has a clue? When you have multi millionaires paper wealth and everyday Bob's 401k blow up into oblivion, do you think the masses will stand for Joe Stacker buying up their homes for a couple ounces of gold? Do you think they will go hungry due to hyperinflation while we stroll into Wal-Mart and drop a few pre-65 Washingtons for a cart of groceries?

Do not be foolish enough to believe TPTB are scrambling trying to hold their ponzi scheme together. They know it's a ponzi scheme; they invented it. They also know will fail and have planned it to fail at a certain time. They also know what they are going to do next.

We think and plan linearly with regards to how we understand things in the past and currently. For example:

1. We look to situations like Great Depression and Weimar and see ways that people could have profited from those situations. We cannot grasp the depth of what is going to happen "the next time" and how to profit from that. It is easy to look to the past and see what could have been done.

2. We have a plan in place based on what we perceive is happening with current information (e.g. Fiat currencies fail, precious metals cannot be printed, commodities skyrocket, riots ensue, infrastructures break down, better get food/water, weapons, plant a garden, develop community groups)

3. It is impossible to predict the type of crises they will manufacture, when it will happen, and how people will be manipulated to react. 

You will read the end is closer than you think, prepare accordingly; but how can you prepare when how you will prepare now is based on what you think might happen but is not likely what will happen? You prepare based on how you understand the rules or how you think the rules will be. TPTB are 10 steps ahead of that and will most likely change the rules to something we have never considered.

Oct 10, 2011 - 6:40pm

Bank holiday?

Bank holiday? My local bank was open for business. The cute blonde at the drive-up window was amused when I said I was surprised they were open. Just another make believe holiday.

In any event, I would appreciate it if the EE would just sleep in tonight. Had a productive trip to the LCS (Local Coin Show) yesterday and came away with 50 nice morgan and peace $s for $26 each. Not uncirculated, but nice and crisp. It would be nice to bask in the warm glow of a good purchase for a few days before they rip me a new one.

Thanks for the great, informative site, Turd. This is only my 2nd post, but have been following for months. The only downside is that there are so many informed and informative Turdites out there, it's hard to get anything done. Keeping up with the posts is becoming a career. The upside is when the random PM discussion pops up at work, people think I'm a god since they are all quite clueless about PMs. At least a few more people are thinking about PMs and asking questions. They are shocked when I tell them I've have been investing in PM "related" stuff for over 10 years. I just never mention that I own physical and so far, everyone has had the courtesy to not ask. I'm still unsure how to handle that one when it eventually comes up. Any ideas?

Oct 10, 2011 - 6:48pm

Credit Crumbs

Read your post from last thread and that makes a lot of sense. It's kind of like how China was in Libya more then most people realize for their oil.

I'm not advocating war mind you, but it seems like we'll do to Iraq/Iran (again) what we just did to Libya irregardless of any Chinese interests or projects going on in Iraq or Iran.

The thing that gets me is that we seem to be sitting back and letting Iran get a foot hold even deeper into Iraq. Maybe we are just baiting them and waiting for the right time to act. That would make sense to some degree.

The whole thing smells like a weak American President who can't get out of Iraq fast enough because it was his predecessors war. He's sabotaging it, consciously or not.

We'll be out of Iraq, but we'll end up in Pakistan or Syria next.


I've wondered what do other countries do (like China) when their projects and business interests in other countries get bombed into oblivion. Do we pay them off or just say "Too bad!".

Seriously, just look at all the Russian or Chinese allies that we have taken out or heavily messed with and you never really hear them complain about their capital losses. Russia has a lot invested in Syria and Iran. They probably had a lot in Iraq also. It seems hard to believe that they just take the loss and bite their tongue.

Anyone have any thoughts on how they settle the financial/political aspects of this or is their none?

Oct 10, 2011 - 6:52pm

Ok here's a radical question

Would someone please clarify why the governments of $, euro and £ don't simply devalue their currencies at home in their own countries by say 30% (or 50%) immediately and start afresh. Overnight homeowner equity problems would be resolved/ eased, as would all other forms of borrowing (credit cards / govt balance of trade debt etc), and also the importation problems from China as their products would overnight become more expensive. Pressing the reset button would also reduce the welfare benefit burden overnight, and allow all those who've invested in fixed assets (Pm's, real estate etc), to benefit, instead of wasting their money on extravagances. Oil goes back above $100, but that's where it was before so govts can tell sheeple there's no change. Western Politicians look good as it appears they've resolved the problems at home, and provided JPM have got rid of sufficient shorts, and have gone long, they may even profit more from the move! BRIC countries take a haircut but it reduces their inflation worries, plus China & Russia have historically defaulted on the West before.

Don't tell me it can't be done as the Greek civil service employees who've still got a job (teachers etc) have just had a 50% wage cut. Only problem I see is looking after those who've saved FIAT but even that could be easily resolved by giving them a one off bonus on their bank account figure.

Don't tell me it can't happen, Harold Wilson 18th November 1965 "Our decision to devalue attacks our problem at the root and that is why the international monetary community have rallied round. From now the pound abroad is worth 14% or so less in terms of other currencies. What it does mean is that we shall now be able to sell more goods abroad on a competitive basis.".

Plus on 18 September 1949 Stafford Cripps devalued the pound by over 30%.

So will it happen when it seems the logical way forward?

Oct 10, 2011 - 6:54pm


I think I got the 10th position. Cool.

Drama of the COMEX aside - I'll keep stacking.

Oct 10, 2011 - 6:54pm
Oct 10, 2011 - 7:03pm

PM price reflects disruption in the population

If this blog is about the end of the Keynesian experiment, then discussion of the trends in the population is a vital part of the discussion.

What's the point of having the discussion if one person's perception of "negativity" and "anger" ends up with the discussion being curtailed by moderators?

In watching the "non-violent" protests, the protestors are certainly non-violent. Compared to the riots that I have directly experienced, these "occupy" groups are completely non-violent. If they wanted to go violent, you can just look at the example of the Watts riots in 1968 and the Los Angeles riots in 1991. You could also look at more recent events around London this year. If the mob goes violent, you should just get out of the way and vacate.

The discussion of how to respond to the on-going encroachment of tyrannical government rule is relevant to the response to the end of the Keynesian experiment.

In my book the experiment has already failed. The real issue is the response to the failure of the international monetary regime and the international banks. So far, it appears that the United States financial policy is to permit the "big banks" to seize smaller regionals with the FDIC using it's perogative to kill the small bank. The big banks end up in a predatory role (not lending, but acquisition). They let the FDIC do the killing of the smaller prey and then they swoop in like financial scavengers to eat the meat.

The printing of paper currencies shows that the international experiments has utterly failed. Dexia or any other headline generating bank are besides the point. The issue is that the system has (past tense) failed. With the ship sinking, the remaining people on the high decks are looking to stack the chairs and maintain their heads above water.

Unfortunately, the sinking morass that is real estate, derivatives, and failed contracts creates such suction that it is dragging the top decks and furniture under.

The benefit of the blog should be clarified for the moderators and Turd.

Those of us who are not on the sinking deck and are already floating in the water with our own life preservers are attempting to distance ourselves from the downdraft and suction. Those unfortunate souls who did not plan, who did not move fast enough, and did not curtail their own naive ignorance are financially sinking. 

I do not have the resources to save these people.

The entire point of the discussion with Ginger over six months was to reflect this specific issue. How far can one go in saving a neighbor or even your own family before you too will die. This is not unlike the Indonesian tsunami video where a man attempts to save a girlfriend. She grabs his neck and fails to move, sweeping both to their death.

We do not personally have the ability to save all who are around us.

Our government also lacks that ability.

So, I am forced to conclude that the victims of the international ponzi will be sucked under. They will thrash and gnash teeth. I hope to be well away from these people as the thrashing and gnashing occurs.

This board helps bring refinement in action.

Sometimes the best action is to simply shore up defenses and further safe resources.

Oct 10, 2011 - 7:03pm

I respectfully submit...

...that even at times when emotions are high, when comments turn coarse, or when they turn to expressing frustration, fear, anger, negativity -- this forum/site has been singular in the quality of conversation, in the richness and eloquence of opinion, the depth of knowledge that gets presented and debated. And that doesn't even count the myriad forums that Turd has encouraged us to use for specific subtopics from day 1. A day has yet to pass since the inaugural YouTube of TF announcing the new site (or the first post on the old blogspot, for that matter), when I have not learned something new about the world, the economy, the markets, history and a myriad other topics. And thanks for that goes not only to TF, the crew of moderators and site admins, but to all of you, my fellow Turdites.

One must indeed, take care in formulating a viewpoint, and especially in espousing particular modes of behavior or action. BUT:

1) The current situation and especially mid/long term trajectory IS, in fact, tremendously perilous, and very directly affects the health, wealth, sanity and freedom of ALL here. We can debate the degree, but I think the fact is established.

2) The very EXISTENCE of this site is, in fact, an act of open rebellion to the control TPTB wield, through whatever mechanism - an active statement that threatens the status quo, to the degree it is adopted by the populace.

Many of us here have families, precarious job situations, aversion to physical violence. I know I will not be on the (physical) barricades -- some would say until it is too late. But as others have said before, we certainly DO command enough intellectual resources, dedication, resourcefulness, knowledge and positive spirit to make a real difference. Turd does not have to wield any megaphone -- he has already firmly cast his lot and planted his flag on the side of freedom. WE are the megaphone. WE are the change we have all been waiting for (or had given up hope on), to use a dead-horse metaphor. So, to this end, join me on the following thread (or start your own):


Oct 10, 2011 - 7:04pm

Rugby Carpool

I have just finished doing the weekly carpool for my son's U/12 Rugby team. Only problem is that in Victoria Australia no one plays rugby so I had to drive large distances for majority of their games.

Still waiting to get my money out of Fiji so that I can the spend majority on physical Silver, really hope the prices stay at this level or lower for a few more weeks.

Oct 10, 2011 - 7:16pm

You be the judge if this is a liberal or conservative movement

Occupy Wall Street protesters plan 'Millionaires March' to Rupert Murdoch's, tycoons' NYC homes

Originally Published:Monday, October 10th 2011, 2:50 PM
Updated: Monday, October 10th 2011, 6:05 PM

After four weeks, the ranks of the Occupy Wall Street protesters in Zuccotti Park show no sign of shrinking.

Marcus Santos for News

After four weeks, the ranks of the Occupy Wall Street protesters in Zuccotti Park show no sign of shrinking.

The Occupy Wall Street protesters are planning to get in the face of some of New York's richest tycoons on Tuesday.

A "Millionaires March" will visit the homes - or, more realistically, the gleaming marble lobbies - of five of the city's wealthiest residents.

On the target list: NewsCorp CEO Rupert Murdoch, JP Morgan Chase CEO Jamie Dimon, conservative billionaire David Koch, financier Howard Milstein and hedge fund mogul John Paulson.

Between 400 and 800 marchers plan to go to their homes to present them with oversize checks to dramatize how much less they will pay when New York State's 2% tax on millionaires expires at the end of the year.

"Ninety nine percent of the residents of New York are going to suffer from this tax giveaway so the 1% who already live in absolute luxury can put more money in their pockets," said Doug Forand, one of the march organizers.

"This is fiscally, economically and morally wrong."

The march kicks off at 12:30 p.m. at 59th Street and Fifth Avenue and heads to the Upper East Side.

The Occupy Wall Street movement has gathered steam as protesters camp out in Zuccotti Park. (Bebeto Matthews/AP)

And what if the bigwigs are home and willing to meet with protesters?

"We would ask them to join us," Forand said. "They need to do their part like everyone else during a downturn."

Singling out Murdoch may be personal: many of the protesters believe Murdoch's media holdings, including the New York Post and Fox News, are actively trying to undermine the protests. Fox personality Geraldo Rivera was driven from the park over the weekend by cries of "Fox lies."


Fintan Dunne
Oct 10, 2011 - 7:18pm
Oct 10, 2011 - 7:38pm

Heart of Gold

Neil Young - Heart of Gold (Live at Farm Aid 1985)
Oct 10, 2011 - 7:43pm



Oct 10, 2011 - 7:54pm

Nice Charts

Fintan Dunne. thats what my eyes see as well.

remove the obvious places of manipulation and see what a real normal chart would look like.

 Look at them both together,as well. different lenses to see with.

Now the new chart shows a nice left shoulder with a zone between 1550 and 1500...and a nice neckline around 1500... theres nothing wrong with that as a base for 'buying the dip'

and the next lower level down looks like 1420 as a target for buying the next dip after that.

Back in the spring, when price action was more normal....I saw 1420 as a target for a support bottom. It never got there in May or June, but 'it should have' on some level.... 1478 area ? not low enough. and then it went soaring in July ? thats not normal either. Those who were buying all the way up to 1900 are hurting. Those with the sense to hold their horses at 1600-1650 are waiting now for 1500 again and stink bids at 1420.

Oct 10, 2011 - 7:58pm

It’s the euro that needs to be revalued

Oct. 10, 2011, 12:00 a.m. EDT

Targeting renminbi, Bernanke on the wrong warpath

Commentary: It’s the euro that needs to be revalued

By david[dot]marsh[at]londonandoxford[dot]com (David Marsh), MarketWatch

LONDON (MarketWatch) — Ben Bernanke is on the warpath. But it’s the wrong one. Last week he lectured the Chinese for their renminbi obduracy, claiming they were blocking worldwide recovery by refusing to allow their currency to revalue. The Chinese are easy targets. More difficult, but more worthwhile, would be to focus attention on what appears to be a far more important issue: the under-valuation of the euro.

By going after the renminbi, Bernanke is maybe trying to boost his approval rating from U.S. lawmakers. Texas Gov. Rick Perry has promised fire and brimstone should the Fed chairman tread further along the quantitative easing route. But Bernanke has got the wrong adversary in his sights. On world markets the prize for the biggest under-valuation goes not to the renminbi, but to the two foremost reserve currencies, the dollar and der euro.

If Bernanke wished to go down in history as bringing about a currency realignment beneficial to the world economy, he’d push for a euro revaluation. This could only take place if...


Oct 10, 2011 - 8:00pm

Not so fast maybe? / Keep an eye on the POSX for a clue

Euro Leaders Postpone Crisis Summit Q By James G. Neuger and Gabi Thesing - Oct 10, 2011 7:01 PM ETMon Oct 10 23:01:00 GMT 2011

European leaders pushed back a debt-crisis summit amid opposition to German Chancellor Angela Merkel’s drive for deeper-than-planned writedowns of Greek bonds.

The Oct. 18 meeting was postponed to Oct. 23 as Europegropes toward a master plan for dealing with Greece’s oversized debt, insulating the Spanish and Italian markets, and shielding banks from the fallout.

Europe needs a strategy for shoring up banks before unstitching a July accord to cut Greek bond values by an average of 21 percent, Belgian Prime Minister Yves Leterme said.


Oct 10, 2011 - 8:06pm

@DarkPurple Occupiers are turning into far-left fraud

From the get-go I suspected many of these occupiers are just "Obama pays my gas & mortgage" welfare parasites that have no one but themselves to blame, and this recent "Millionaires March" fiasco seems to prove me right. This is what happens when we keep giving free lunch welfare to appease these guys who in turn think it's warranted so they go nuts once it's cut off.

Oct 10, 2011 - 8:12pm

SHILL SHILL SHILL 2199 hat tips

Hello Shill,

Here I am on my knees begging you post for your 2200 and beyond

Please reconsider and forgive and forget , from retrospect you should

see how a little bump on the road a word like sweep is already in the dustbin for all of us in this great forum of bright minds.

You are a very very precious poster here.

Again please come back .........now, no more waiting.


Almost two decades on the PM TRAIN ,can you say I was an early bird.

Oct 10, 2011 - 8:13pm

Japanese Carmakers' Production Back on Track, But it May not be


For the first time after the March 11 earthquake and Tsunami, Japanese automakers have returned to their normal production levels. In fact, they are superseding last year’s numbers in an effort to make up for the lost time.

Toyota and Nissan, Japan’s two biggest car manufacturers are leading the pack, reporting increased production for the first time since March, with Mazda, Suzuki, Honda, Subaru and Mitsubishi following their lead.

Yet there are still issues that hamper their efforts. One of them is the continuing shortage of certain parts, such as microchips, with the companies trying to find alternate sources of supply, mostly overseas, overturning a decades-old tradition.


Link: https://carscoop.blogspot.com/2011/10/japanese-carmakers-production-back...
Oct 10, 2011 - 8:34pm

Gold Looking Bullish.... Breakout Coming....

1584 is exponential support.....

The algos are showing the way....

Gold makes higher highs out of its 1674-1680 capped on the re-open of gold/silver markets.....

And the $HUI with it's bullish close above yesterday's close..

(Granted we could have early PM pressure, but I would expect higher lows.).

Oct 10, 2011 - 8:35pm


Thanks for the support. I reread and found a couple incoherent sentences because of a few missing words. Glad the gist still got through.

The best way I think you can prepare (not knowing what is going to happen) is get long term dried food, water filters, tools, appliances, weapons and ammo, stuff to keep warm. These you will need. Mediums of exchange for the future are difficult to predict. Gold and silver seem like the best bet. If you have a house that is bigger than you need sell it. If you can purchase a small home free and clear only needing to pay taxes, do that. If not, rent. Have a place to store necessities, forget about the extras. I've been to Haiti. Thousands of people live in tents. We can stand to live in much smaller homes. As far as earthly material needs go there is nothing more that you need other than food and water, some clothes, a dry place to sleep, good friends and a way to communicate with them, and currently a way to get to your job if you have one. I am selling everything else of "value".

Oct 10, 2011 - 8:39pm

POSX chart

What is it about 12 o'clock/noon? Is it the after-market close of London or is there some other significant market closure or opening in the FX trade around that time? I've been noticing it more frequently since the Bernank spoke about 3 weeks ago at the 2 day FOMC meeting in late Sept.

There always seems to be a USD or JPY or Euro adjustment. Today it was the USD. Is it just CB swaps or some type of BIS closure or whatever?

I could use a little help with the noon hour significance (besides lunch). Anyone?

Here's the current DXY


Oct 10, 2011 - 8:49pm

Stephanie is right AGAIN

Stephanie is right again. And she shouldn't have to say it. We are in TF's living room - behave accordingly. I miss the days of canned bacon - and what with the fall weather and all we should be preparing for many things, not freaking out at each other on an internet forum.

Oct 10, 2011 - 8:49pm

I guess we'll know when the manipulation is starting to fail

When we start seeing the spread between things like bullion coins and spot widen. After having watched what real 1oz Krugerrands sell for, it's kinda all over the place - sometimes the spread will be $60, sometimes it'll jump to $180. I can't really detect a trend for the spread at all - it seems at the moment to be loosely tracking spot. Very loosely.

I'd say along the lines that you know hyperinflation is almost upon you when gold volatility goes above $100, I'll say they're losing control of the gold market when the spread between physical coins and "spot" widens to at least $300. Definitely if it's north of $500, they've lost it completely.

And I suspect once they lose that spread, it'll be quite a while before they can get it back under control again.

Oct 10, 2011 - 9:01pm
Oct 10, 2011 - 9:06pm
Oct 10, 2011 - 9:08pm
Eric Original
Oct 10, 2011 - 9:09pm

"I miss the days of canned bacon"

Me too, Xty. Me too. :(

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