Profanity-Laced Tirade

Thu, Nov 17, 2011 - 11:01am

Oh, how I would like to launch into one. What we have seen recently, and what we are currently witnessing, is the most blatant and disgusting manipulation of the metals I've seen. That it is allowed to stand without question by the CFTC, the SEC and the media sickens me to the point of nausea.

However, for the sake of our none-Fbomb-loving readers and in the spirit of inclusiveness, I will do my best to avoid lacing this post with the profanity it deserves. Let's instead just simply lay it out chronologically:

(Before we start, full disclosure: I do not currently have any positions. Heck, I don't even currently have a broker. I do not have an ax to grind regarding trading losses. I'm simply disgusted by the ongoing corruption.)

1) In the wake of the S&P downgrade of U.S. credit, gold rallies from 1650 to 1920 over a period of six weeks, primarily on the back of Cartel short-covering. New longs also enter the gold market as gold and the Swissie are viewed as the only "safe havens".

2) This absence of sellers panics The Cartel. They petition their friends at the CME to raise margins.

3) Gold trades back to 1750 but then rebounds almost as quickly.

4) The rallying Swissie frightens the Swiss and unbalances the currency trade in Europe.

5) The Swiss decide to devalue their currency by 10% by pegging it to the euro. Knowing this will cause a steep rally in the only remaining "safe haven", a dastardly plan is put into place.

6) The Swiss announce their plan in the overnight (U.S.) following a U.S. bank and government holiday.

7) Five minutes before the announcement is made, the Swiss National Bank sells a massive quantity of paper gold, causing gold to drop over $50.

8) This has the desired, counter-intuitive effect of suppressing what should have been a massive gold rally on the back of the Swissie devaluation.

9) This also "saves" The Cartel from a runaway gold price that would have likely smashed through $2000.

10) The Cartel springs into action, forces the downward momentum, gets some additional margin hikes out of the CME and down goes gold, falling from 1923 to 1525 in 15 trading days. Over the same time period, JPM puts the wood to silver, taking it from 44 to 26.

11) All the while, the world geopolitical and economic landscape continues to deteriorate.

a) U.S. economy in toilet. U.S. government total debt reaches $15T. Blah, blah, blah.

b) Europe in crisis. Dexia, Greece, Italy, France. Blah, blah, blah.

c) The Middle East on the brink of war. New IAEA report shows Iran close to nuke. Blah, blah, blah.

d) Chavez repatriates 100 tonnes and other central banks are massive net buyers of gold. Blah, blah, blah.

e) Rioting, protest and insurrection is seen around the globe. Blah, blah, blah.

f) Blah, blah, blah.

12) Gold and silver rebound. Gold back to 1800 and silver back to 35.

13) MFing Global blows itself up, effectively removing, seizing and/or freezing thousands of futures traders accounts. This destroys confidence in paper markets and removes potential buyers.

14) MFing Global assets seized and stolen by JPM to be liquidated and confiscated for their own use.

15) As we approach the December option expiry, JPM and other Cartel members begin to actively sell and suppress gold and silver. Despite increasingly strong fundamentals, the PMs are pressed lower, perhaps to the point of collapse.

Will they collapse? That is the question, now isn't it. It certainly looks like they might.

I'm on record as looking for a November high in gold between 1780 and 1840. I split the difference and called it 1810. The high, so far is 1805. That may be as close as we get. With all of the uncertainty today...crude over $100, the impending failure of the "super committee", the future of the euro, just to name is down another $30. It is obvious that there is currently a deliberate and intentional manipulative event taking place. Where it stops, nobody knows.

Could paper gold and silver go lower from here? Heck yes they can! The evil C/C/C has:

1) Raised margins to nearly untenable levels.

2) Destroyed trader confidence and trust by closing MF and stealing clients asstes.

This leaves us with way, way more sellers than buyers and.....down she goes, regardless of the fundamentals.

So, what do you do. You definitely DO NOT trade on the LBMA or the Comex. These disgustingly-manipulated playgrounds of The Cartel will continue to be entirely manipulated against regular investors. They will continue in this manner until they finally collapse from the weight of their sins. WHEN they collapse, the value of physical gold and silver will skyrocket. Therefore, take this time to continue to add physical metal. Speed the demise of The Cartel by using their suppression against them. Take delivery. Add to your stack. Hold your metal in your own two hands. Only by physical possession can you be certain that you truly own it. Only by physical possession will we ever be able to crush the evil, soulless banking cartel. And I want to crush them so fucking badly that I can hardly see straight.


(at least I made it all the way to the end before unleashing the Fbomb)

p.s. All that said, I know many of you are looking for charts, nonetheless. So, here you go.

About the Author

turd [at] tfmetalsreport [dot] com ()


Nov 17, 2011 - 1:07pm
Prize Fighter
Nov 17, 2011 - 1:09pm

Well I just ordered some.  1

Well I just ordered some. 1 of 6 planned buys for this last big shakeout. Have plans to buy down as far as they'll let me. Waiting for ~$30 for part 2. I was waiting for this yardsale but none of us knows how quickly political/print solutions will be implemented. Fade in/fade out.

Nov 17, 2011 - 1:11pm

mucho garcias turd

for that emphatic answer to my buy now button question

will hold off on the purchase until tomorrow or beyond

man is it tempting though (you do know I meant physical, right?)

Nov 17, 2011 - 1:13pm

I'm considering buying at $30-$31

Might have to consider making a purchase at $30-$31 today (premium included) and front-load the rest of the years regular purchases into today.

Obviously the LCS locks everything up in the back at these prices. But luckily the online vendors are not so quick on the draw!

If I could get 50 oz today from Lear Capital at $30-$31 that would really help average our cost down from this spring. And since I have a "new" phone number and email I could use that free shipping code too (that I found and posted page 1 - 8D44D ).

Maybe write them a nice personal check and figure out the financing while the check's in the post for 3 days.

In a critical collapse scenario (which probably isn't today) I'd sell everything except the wife the kids and the pets if it really came down to it.

(Gainesville premium is a little cheaper today on eagles but not on maples and we like maples. .9999 fine baby ;) Besides I like letting the USPO float a check through the mail for a couple days while we get the money lined up)

Nov 17, 2011 - 1:13pm

Jim Sinclair on MF Global

Jim Sinclair had a comment on MF Global today:

Sinclair's belief is that JPMorgan used its MFG patsy to anchor derivative trades, that just happened to be long sovereign debt in Europe. Nobody in his right mind, even a Corzine of GSax pedigree would place such large wrong trades unless obligated as a syndicate cog in the machinery...JPM was named to the MFG creditor committee despite also having a $300 million secured loan against the MFG brokerage unit, a position pitted against other unsecured creditors in an obvious conflict of interest. JPMorgan slapped a lien on MF Global assets in an audacious maneuver. A formal dance is in progress, where the public is amateur. Lack of cooperation has been given by MF Global so far. Witness a possible hidden derivatives meltdown, as the European implosion has a conduit to the United States.

The derivative angle is very interesting. JPM could have set MFG up to fail leaving JPM as beneficiary to many billions in derivatives coming from Europe. JPM could be using MFG to loot European banks/sovereigns, or it could be payback for a double cross put on MFG regarding the unannounced moves by the European cartel regarding the SNB and Greek default. Since the takedown of MFG essentially marks the beginning of the end of commodities trading, their theft was a one-time, irreversible action amounting to the destruction of confidence in market brokers. Since it was such a big deal, there would have to be enormous pay-off to make it worth while, and it would have to be close to the end of the scheme, because they now likely will not get much more from investors than they have already stolen (one wonders if they got the Wynter Benton group's account money). On the other hand, they will have a free hand with the markets since no one wants to take a chance with them, and may use this opportunity to take silver and gold down to levels where they can unload their mountain of shorts, probably at a nominal profit. If that's the case, this takedown should go to the low 20s, as that is reportedly where JPM picked up most its shorts.


Nov 17, 2011 - 1:15pm

thanks Pablo

Thanks for the coupon codes. I noticed when I bought from Lear last (which was my first time with them) that they had some kind of disclaimer about polishing the metal that you have to agree to in order to purchase online. Is that normal? Does shining it up effect the value if it is not a collector coin? They also have some bad reviews online, mostly about pushing off collectibles in a bait and switch for more $$, but I think they have tried really hard to correct that. I imagine those of us who know what we want should be OK when ordering there. Just want to put a caution out there for any other newbies not to get on the phone and let them talk you into something that is priced for a collector especially if you don't know the collectible numismatic market well, which I will be first to say I don't.

Nov 17, 2011 - 1:15pm

These people did not advocate

These people did not advocate violence either, it was the only choice they had left.

Nov 17, 2011 - 1:17pm

It sucks

being ruled by a bunch of rooster sucking pieces of f**kin shit. Please don't tell me that the top main leaders in this world are trying to do 'good.' There is no way... 'they' are so on the other end of the spectrum it is disgusting.


And then tomorrow the 'TWILIGHT - Breaking Dawn' comes out for all those obsessed and lover's of Vampires, especially as of late. Its cool (sarc) to be the walking undead and being a killer. You get to live forever - big deal (who wants that, salvation in death) Oh, and I heard the chick gets pregnant in the movie . Ummmm, how is that possible?! Evil can't create - they can only lie and deceive... like with the PMs... they cant create it - just lie and deceive us...

But back to Vamps for one last sec...

Not only that - Vampires don't even have blood circulating in there VEINS - therefore, they can't even get an erection! So when those girls and/or 'whatever's' think about Vampires and how cool they are - they might as well fantasize about a limp d**k... and zero sperm. Yeahhhh - Vampires are really f-kin cool...


Ahhhhhh...rant off



foggyroad mountain.woman
Nov 17, 2011 - 1:18pm

Welcome Airgead and mountain.woman

Greetings and Well Wishes from Turdville, Come on in And Stay Awhile :)

Mr. Hyde
Nov 17, 2011 - 1:18pm


I have to tell you I'm so mad I can't see straight. But as mad as I am, I just got off the phone with Turd, all the years I've known him, I have never heard him even half this worked up and angry. Be careful out there, it's very likely this gets much worse before it gets better.

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