The Turd Speaketh

605
135
Fri, Oct 14, 2011 - 4:59pm

As we head into the weekend, I've got a few things on my mind. However, it would take too much time to type it all out so I figured it would be best to speak to you directly.

The only thing that I forgot was that YouTube only allows 15 minute videos. Well, let's just say I rambled on a bit and ended up somewhere in the neighborhood of 25 minutes. Oops. Therefore, note that there are two clips attached. Please humor me by taking the time to watch both.

Have a great weekend! TF

The Turd Speaks Oct 2011 (pt. 1)
The Turd Speaks Oct 2011 (pt. 2)

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  605 Comments

Shill
Oct 17, 2011 - 9:01am

Because we all know that

Because we all know that someone will trade the knowledge before the knowledge hits the wire."

ewc58
Oct 17, 2011 - 9:02am

A great point in general

Tom said: "Because we all know that someone will trade the knowledge before the knowledge hits the wire."

And isn't that the truth.... This fact is something very important for us to both bear in mind and keep an eye out for signs of. The Puts on American Airlines and United prior to 9/11 are certainly not typical, but are a stark confirmation of this basic market reality. A sick market reality for sure, but a reality all the same.

Bear it in mind not just for the present story either. The "Tom L. Postulate" happens to be a major branch of Follow The Money, always one of the surest ways to try to gain some clarity in the clouds of EE chaff you're trying to see through. Along with Cui Bono? (who benefits), FTM is your compass to help you find your own way through the thicket of lies/deceit/deception.

And.... good morning all.... good luck to everyone today and this week.

Tom L
Oct 17, 2011 - 9:12am

Pics of Goats

Always. Get. Hat-Tipped.

Always.

Ta,

¤
Oct 17, 2011 - 9:17am

9:00 a.m. plunge

They weren't huge but they are predictable. It almost makes me laugh at this point to see the regularity of how these moves are literally like clock work. Price going up, up, up, 9:00 a.m. .... then plunge.

These up and down moves must be gravy for the people who trade futures short term that are on top of it. Just watch all the little head fakes along the way from now until the first 30 minutes after the open just to throw the average investor off when they try to see some type of trend then wham...reversal in price right at the opening.

Total mind game by the algo's or whatever is at play.

Shill
Oct 17, 2011 - 9:22am

Lets make some money today

Lets make some money today Comrades.

Best of luck.

Shill
Oct 17, 2011 - 9:26am
Tom L
Oct 17, 2011 - 9:26am

30 Year Bond Breakout

Chart not coming through.

Look at an hourly chart at the following link.

https://www.cmegroup.com/trading/interest-rates/us-treasury/30-year-us-t...

Sharp reversal and follow through in the last 30 minutes. Looking at a daily chart there's an H&S at 76.60, which is now a double bottom. Watch all this closely for clues as to where we're headed in November. This breakout should sustain bond prices for the next week or so.

Ta,

ewc58
Oct 17, 2011 - 9:34am

Citi joins JPM in Earnings Never Never Land

Lesson here: this is how Walking Dead banks do their "accounting". Now imagine if they were having to mark to market and not some "model" Honest Jamie Dimon pulled out of his butt.

But as mark to market would mean a swift, coup de grace head shot to the Zombie banks, they're allowed to play fantasy and chill in The Hamptons while the proles scrounge for this months rent or mortgage.

As I keep saying, these "banks" aren't "too big too fail", they're too broke to bother trying to save. Just good money after bad, most of which is misappropriated to keep the Pigs in mud and slop anyway. Basta! (enough in Italiano)

Citi Earnings Bloodbath: $3.8 Billion ($1.23/Share) In Reported "Earnings" Really $0.5 Billion Or $0.16/Share


Oct 17, 2011 - 9:40am

Tom L

I didn't mean to contradict - just feeling that gold and silver are hanging tough. There is much speculation that a further drop is coming and I don't think so - but I am hopelessly bullish. I am watching currencies like mad this morning - and you are absolutely right about watching for some signal. It seems that right now nobody knows where to put their moolah, which should also be bullish for gold.

Shill
Oct 17, 2011 - 9:44am

From the Fed: Industrial

From the Fed: Industrial production and Capacity Utilization

Utilities yoy -3.6%. Hows that recovery treating you?


Oct 17, 2011 - 9:46am

DPH - oh oh, here they go again

If it wasn't so painful, it would be funny. And if I had the nerve to trade on it, it would be most delightful. But the day I try, is the day it won't happen. Loved the fishing pictures, btw. Spent much of my summers barefoot in Georgian Bay (spoiled child of professors so we had four months of summer - even if they both did work while we were there) and am always happiest near water.

And if Perfidious Albion is out there - how do you get big pictures on the main page? All my pictures are too big apparently, and iPhoto does not easily allow one to shrink them.

Tom L
Oct 17, 2011 - 9:50am

@Xty

Go ahead and contradict, please... I'm no guru or expert. Capital is sloshing around trying to find the right home and no one knows what to do, drifting from headline to headline.

Ta,

Eric Original
Oct 17, 2011 - 9:52am

ewc58 re: Ghana gold

Just posted up a little commentary on your precious darling, PMI Gold, over on my miner thread.

https://www.tfmetalsreport.com/forum/672/eric-os-favorite-gold-miners?pa...

Timber Tim
Oct 17, 2011 - 9:54am

  Sometimes the miners are

Sometimes the miners are not all torture and pain.Sometimes

New Gold to acquire Silver Quest, Geo Minerals to increase hold on Blackwater

https://thetyee.ca/CanadianPress/2011/10/17/New-Gold-Sun-Quest-11549802/

ewc58
Oct 17, 2011 - 9:54am

Xty....

Doesn't this dude know that is your rock? As we say in the Bronx: the noive!

I just looked at a few pics... oh man, Georgian Bay is jaw-drop stunning...

Shill
Oct 17, 2011 - 9:54am

SPY just broke the morning

SPY just broke the morning Low.

Stay vigilant.

Market sure looks tired to me.

Tom L
Oct 17, 2011 - 10:00am

@shill: SPX

I'm not doing anything until the SPX hourly RSI drops below 50. The 30 year bond has to clear 139 for there to be a confirmation that this move up in bonds is for real. If so, then yes, stocks should selloff along with G&S.

Ta,

Shill
Oct 17, 2011 - 10:05am

Thanks Tom, will watch for

Thanks Tom, will watch for it.

paulindoon
Oct 17, 2011 - 10:07am

Is this weird or what?

My wife sent me this, a few minutes ago. Weird, NO???? Sorry for it is just a copy/paste so formatting is a little screwed up from original -------------------- History Mystery Have a history teacher explain this----- if they can. Abraham Lincoln was elected to Congress in 1846. John F. Kennedy was elected to Congress in 1946. Abraham Lincoln was elected President in 1860. John F. Kennedy was elected President in 1960. Both were particularly concerned with civil rights. Both wives lost their children while living in the White House. Both Presidents were shot on a Friday. Both Presidents were shot in the head Now it gets really weird. Lincoln 's secretary was named Kennedy. Kennedy's Secretary was named Lincoln . Both were assassinated by Southerners. Both were succeeded by Southerners named Johnson. Andrew Johnson, who succeeded Lincoln, was born in 1808. Lyndon Johnson, who succeeded Kennedy, was born in 1908. John Wilkes Booth, who assassinated Lincoln, was born in 1839. Lee Harvey Oswald, who assassinated Kennedy, was born in 1939. Both assassins were known by their three names. Both names are composed of fifteen letters. Now hang on to your seat. Lincoln was shot at the theater named 'Ford'. Kennedy was shot in a car called ' Lincoln ' made by 'Ford'. Lincoln was shot in a theater and his assassin ran and hid in a warehouse. Kennedy was shot from a warehouse and his assassin ran and hid in a theater. Booth and Oswald were assassinated before their trials. WHO FIGURED THIS OUT? INCREDIBLE 1) Fold a NEW $20 bill in half... 2) Fold again, taking care to fold it exactly as below 3) Fold the other end, exactly as before 4) Now, simply turn it over... What a coincidence! A simple geometric fold creates a catastrophic premonition printed on all $20 bills!!! COINCIDENCE? YOU DECIDE As if that wasn't enough... Here is what you've seen... Firstly The Pentagon on fire... Then The Twin Towers. ...And now .. look at this! TRIPLE COINCIDENCE ON A SIMPLE $20 BILL Disaster (Pentagon) Disaster ( Twin Towers ) Disaster (Osama)??? It gets even better 9 + 11 = $20! Creepy huh? Send this to as many people as you can, cause: Hey, this is one history lesson most people probably will not mind reading!

ewc58
Oct 17, 2011 - 10:08am

Hey DPH: looks like Georgian Bay is also safe for you :-)

Anybody either buying or keeping close eye on any shares/puts/calls today? Just curious to get a sense of whether most of us are still waiting it out, or starting to nibble back in... Last week, we spoke of the Morgue's Au 2,150 Q4 call and how we're only 10 weeks and about $470 p/oz away... At this point, something's going to have to happen soon. Unless it's disinfo of course....a Blythian Bull Trap.

Anyone have any strong leanings or views one way or another sitting here right now? And DPH, I don't mean that whole messy Steelhead vs. Muskie debate ! at least not right now... LOL

¤
Oct 17, 2011 - 10:10am

The Paki ISI

I've been thinking that at some point we will invade that part of the country that the Pakistans ISI won't let the Paki military do. It's so remote and not very accessible in North Wazirastan.

What are the Pak's going to do...mount a large scale response towards us and go into N. Waz. to confront us when they wouldn't even go there in the first place due to alliances and logistical fear? Nope.

Looks like were going to flush that region out. The rhetoric has been building and Gen. Mullen laid out a undiplomatic salvo and telegraphed our intent upon his exit into retirement recently.

For what it's worth...I've noticed that Turdite Fortinbras has not been posting lately. I've posted back and forth at times on here with him while he had the rare opportunity to log on it seemed like. My impression is that he's active military member over there right now.

He's stationed in that part of Afghanistan I believe. He mentioned the region or possibly the Camp he's at. His lack of recent postings(at least a month I think from what I've noticed) and all the recent troop movements in Afghanistan also had me thinking he's on the move or engaged.

Fortinbras...be careful and I hope your alright. Hope to hear from you on here when you get a breather.

shill.....multiple things militarily are about to happen. Thanks for the link.

Tom L
Oct 17, 2011 - 10:12am

Signal we've been waiting for?>

Gold is moving up with the 30 year bond right now. $1685 and 139.01. It started in the last few minutes. If the 30 year bond continues up along with Gold we have our de-coupling moment.

Continue watching this.

Ta,

Shill
Oct 17, 2011 - 10:12am

30 Year T 139.03 confirmed

30 Year T 139.03 confirmed and printed Tom.

¤
Oct 17, 2011 - 10:16am

Muskies and Georgian Bay

Nice pic! I want to make it up to Georgian Bay at least once in my life. maybe a two week nature blast at some point to find seclusion from it all.

I've already looked at maps and looked at some area's I could imagine and fish ahead of time if you know what I mean. I think you do.

There's a giant musky swimming around Georgian Bay (place is loaded with them) or one that hasn't been born yet that will be teasesd in or hooked or caught by me at some point in GB ...hopefully in the future.

The place looks breathtaking and if you look at the size of it on the map and scale it against some of the Great Lakes or whatever, it's enormous!

Hammer
Oct 17, 2011 - 10:17am

Bit of history trivia In 1779

Bit of history trivia

In 1779 butter sold in Boston for $12 a pound, a barrel of flour cost $1,575, and Sam Adams was compelled to pay $2,000 for a suit of clothes. In 1781 in North Carolina a single horse sold for $12,000. By 1781 paper currency had depreciated so greatly that it ceased to circulate in most states. Taxes were made payable “in kind.”

....and some interesting pointers for those interested in following this extract up

See Murray N. Rothbard, The Case Against the Fed (Ludwig Von Mises Institute 1994), pp. 146-152. Rothbard sketched the broad outline (p. 146):

The Federal Reserve is officially a “corporation,” and the way to abolish it is the way any corporation, certainly any inherently insolvent corporation such as the Fed, is abolished. Any corporation is eliminated by liquidating its assets and parceling them out pro rata to the corporation’s creditors.


Oct 17, 2011 - 10:19am

re Georgian Bay

Yes, it is enormous. Easily as big as Lake Ontario and Erie. We have sailed all the way around (with 3 kids and the dog) and done a great deal of sailing as adults. I know there are many 'most beautiful places' but this is one of mine. I will bore with a picture or two from the cottage, while we wait for the market to decide what the f*** is happening today.

Eric Original
Oct 17, 2011 - 10:25am

Great Lakes are truly great

Being from Wisconsin, I'm intimately familiar with Lakes Superior and Michigan. Also been over to Drummond Island on Lake Huron. Among my favorite places on earth for sure.

Tom L
Oct 17, 2011 - 10:26am

@shill : 139 30 year bond

and that's got to hold for an hour and move up... if gold moves with it, well... that would signal a change in the market as everything has been trading against the bond price.

139 is ~ 50% Fib RT line on the hourly chart, so I expect resistance there. I may be over-thinking this, but it is interesting. Nothing to trade on yet, certainly.

Ta,

Hammer
Oct 17, 2011 - 10:27am

Oh, and I think that those

Oh, and I think that those with any serious interest should seriously go back to the constitution and law (and prior legal cases) to actually make a definition of what a "dollar" is as written in the constitution. All legal cases since Nixon closed the window have fudged the issue allowing fiat "dollars" to increase and replace or so it seems.

I have done some reading on the specifics but would encourage others to engage themselves more in the readings in order to understand what has been allowed to occur by the citizens (who must also share the blame). The sovereignty of The US as a country has been assumed to be represented by Government rather than "The People"

I believe that is what makes Americans proud isn't it (the fact that the words "by the people etc etc etc......")

Don't forget, both Ghandi and Mandela were lawyers by trade and became so and studied hard to be able to understand what they were up against)

Perfidious Albion
Oct 17, 2011 - 10:27am

XTY... sizing images and some Ascension business

They need to be less than one meg so either upload to somewhere like https://photobucket.com/ which automatically resizes images on load and also provides a basic image editing toolkit or find a graphics app to dl that will run on your system.

This is what we need our PMs to do some of that serious transfiguration & ascension business....

that was way to big, here something a tad smaller..

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