Profanity-Laced Tirade

334
119
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 some...gold 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.

TF

(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.

paper_11-17amgold.jpgpaper_11-17amsilv.jpg

About the Author

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turd [at] tfmetalsreport [dot] com ()

  334 Comments

GoldMania3000
Nov 17, 2011 - 12:08pm

Remember...santa said

Gold will go into the $2000 range with great violence. :) (ok we are getting violent now)

recaptureamerica
Nov 17, 2011 - 12:11pm

well the FED

Has said he has more tools to keep inflation in check.. what do u think he meant by that? Well imo, he meant he would keep in check the perceived indicator of inflation.. gold prices. Perception deception...a propagandists main tool

JackPutter
Nov 17, 2011 - 12:12pm

I was watching for this.

The prices are taking a dive pre 20th of the month for the last 4 months now? Is it for the manipulation of a positions report? I think it's odd that they are even pretending to obey the law. That they even continue to lobby for CFTC rule changes? What for? They are trying to shake the BIG-STRONG hands.

The pretense of lawfulness is to keep from scaring the fish. 

They possess advantages to the extreme. They trade as HFT, they can see your stop loss orders, they can see who has an account where, they have a friend in the money printing business, and they can tell Congress when to buy and or sell.

So physical is the only choice. 

treefrog
Nov 17, 2011 - 12:14pm

turd? no violence?

i think we've been programmed by the political correctors rhetoric.

"violence" is a very useful concept. ask a carpenter if he has ever non-violently driven a nail. what do you call a football coach that tells his players to avoid violence? ...loser!!

loggers cut trees off at the stump and send them to sawmills to be ripped into boards. miners drill holes into rock formations, pack the holes with explosives, then blast mountains into smithereens (or maybe just smithers.) 

once more, i think we've been programmed. violence has become demonized. another transformation is the re-definition of the word "gay." gay used to mean festive, mirthful and joyous. now it means homosexual. (the homosexuals i know aren't particularly festive, mirthful or joyous. actually, a lot of them seem to be chronic complainers.) "speculation" is another target of re-definition by the politically correct. it used to mean the art of planning for the future using the past as a guide. it is now being demonized by those who do not look to the future.

i hope you don't remove this post because i favor violence. i oppose the inappropriate use of any tool or technique.

Looner
Nov 17, 2011 - 12:16pm

Re treefrog and tools...

Turd is using this site for the tool it is meant for, monitoring commodity exchanges. When he says it will not be used for what you speak, he is just using it for what it was originally designed for.

ivars
Nov 17, 2011 - 12:16pm

Reposted-Do not worry , silver just following its patterns

Which will not bring it far away (+-3) from 33 on either side at least till February.

Or even till May:

I think from longer term chart that below 32 is good to buy, especially for stacking.

More charts( gold including) here:https://www.tfmetalsreport.com/forum/2814/ivars-charts

Please visit!


Nov 17, 2011 - 12:18pm

This could get very ugly

particularly in silver.

The EE knows they've got a significant advantage. Anyone who ponied up money after JPM forced margin calls on the MF Global clients, will likely get another margin call soon. What would you do? Put more money into the corrupt system or simply sell?

The selling will then cascade...maybe even lead to another margin hike...leading to further selling. $25 here we come.

If trading, you should be out. Eventually, a paper trading opportunity will emerge but not until this EE-inspired, criminal bloodbath is over.

backseatdriver
Nov 17, 2011 - 12:19pm

Take it to your forum

Kindly take your prognostications to your forum. Thank you.

BSD

treefrog
Nov 17, 2011 - 12:19pm

treefrog

You're not the one the FBI will come after. You're just an anonymous poster on this site. I'm the one with my tits in the wringer if anything happens.

Stormdancer
Nov 17, 2011 - 12:20pm

Jack Putter

Agreed. Which is another way of agreeing with ReachWest earlier:

"The game is no longer playable."

Period.

Full stop.

Btw....been appreciating your posts Jack :). And Bhudda Princess too...I think lots here are appreciated but never specifically get told so. Thanks to both of you :)

exiledbear
Nov 17, 2011 - 12:23pm

Long term though, they're shooting themselves in the foot

They're basically eating their own future to keep the price down. If they make no move to restore trust in the brokerage system, if you carry things out to their logical conclusion, the only players in the paper markets will be the Cartel trying to pick each other's pockets.

They may have suppressed the price again this time, but at the cost of the demise of the markets themselves.

Well, I've been patient for this long with gold, I've got more patience now than they have time. I'll still sort of take the paper quote semi-seriously as long as the spread between the coins and futures stays under $300. If it goes above that, I'm treating all the paper forms of gold as a bad joke.

justin99975
Nov 17, 2011 - 12:25pm

the boss in the big yellow hat

thank you turd. excellent timeline of the events. when i show people this post of yours, it will open eyes.

and you have warned of increased volatility, and the rotten crooks scrambling while they can. but they cant keep up the show forever.

let them smash the price for a bit, it gives people a nice sale price on the metals. and a great time for new investors to jump on board the PHYSICAL gold and silver train.

and when my paycheck comes, i am setting some aside to "feed the turd". you really do look out for anyone who wants to visit this site, and that my friend, is a rarity in these greed filled times. the time and money you put into informing the public is awesome, and appreciated.

keep up the great work, and the best to you and your family

proton777
Nov 17, 2011 - 12:26pm

Whoever said...

...the Cartel is losing control has their chart upside down. They are in FULL control. If today isn't enough to make you believe, look at all the beatdowns since May.

Economical Disaster
Nov 17, 2011 - 12:27pm

No Rhyme or economic reason..

for silver and gold to "collapse" like this. Thankfully I can add to my stack today and this weekend. I am casting a silver mask and naked lady with melted junk silver. When its done I will post the pics here.

austrian12874
Nov 17, 2011 - 12:28pm

holy fuck

silver down 6%....lets hope ivars bottom of 30 holds

Stratajema
Nov 17, 2011 - 12:28pm

Oh sure, $2,000 is weeks away

I wish the cartel would just cause the price to sell off to $1,480 - $1,520. I'm so freaking tired of waiting, just get on with it. Fake (negative) gold news, margin increases, the EU all fixed (ha ha) ... just throw everything you've got at the price once and for all.

BTW, really nice post today by Mr. Turd. Keep up the great work.

JackPutter
Nov 17, 2011 - 12:31pm

On the JPM silver

Do I remember a post on JPM moving a large physical inventory in last month right before a takedown? Then yesterday they moved another large inventory in?

Is there a special buyer of their large physical inventories? 

Slick
Nov 17, 2011 - 12:33pm

Great chronological rant!

Physical all the way. I'm preparing to scoop another 100 oz within the next couple days. Removed most monies from trading accounts and bank accounts after the orchestrated MFG enron.

Won't leave them anything to steal.

Funny how the bankers men have kept telling us repeatedly just how cheap these miners are. Setting us up for another fleecing.

FriedEggs
Nov 17, 2011 - 12:33pm

$23,651,000,000,000 - what the National

Debt will be in 4 years from today.

.

From Chuck Butler...

But is all this just window dressing for the real fireworks that will begin to get shot off next Wednesday? What’s next Wednesday, you ask? Well, other than being the busiest day of travel (ahead of the Thanksgiving Holiday)… it will be the deadline for the Debt Super Committee (DSC) that was formed as a part of the agreement to raise the debt ceiling back in August, to come up with $1.2 Trillion of cuts… I told you about a month ago, that they would fail to do this, and look at what I see on the news this morning… reports of the DSC members bickering, and playing the he said, she said game of placing blame… I’m telling you again, a month later and less than a week before the deadline that the DSC will fail to reach their objective…

And then according to the agreement made in August, if the DSC fails, we are supposed to see $1.2 Trillion of discretionary spending cuts automatically kick in… Again, a month ago, I believed and still believe that those “automatic cuts” won’t happen… The ratings agencies will begin to take the U.S. credit rating to the woodshed, and the problems for the dollar will come right back…

Oh, and by the way… our national debt reached $15 Trillion this morning… $15,000,000,000,000 it’s more intimidating with all the zeroes, don’t you agree? But that’s just a drop in the hat to the Unfunded Liabilities that keeps creeping higher and higher. How’s this look? $116,428,974,000,000 pretty scary, eh? But…

If we do nothing, and continue to go along believing that deficits don’t matter… on this day in 2015, that’s just 4 years from now… The national debt will be $23,651,000,000,000 and the unfunded Liabilities will be $142,602,000,000,000…

So, the catch us if you can, is me thinking that the Gov’t is trying to pull the wool over our eyes once again. Let me take you back… The Fed’s biggest fear is deflation (we all know it makes things cheaper, but that doesn’t count here)… What did the Fed resort to the last couple of times deflation popped up? They implemented Quantitative Easing…. They also mentioned that unless we visit deflation again, there wouldn’t be any more QE… Well… by the time I head to spring training, we’ll have 3 months of CPI data… if my hunch is true, we’ll have three straight months of the Gov’t telling us that inflation is falling… The Fed will then have the ammunition to implement QE…

https://www.kitco.com/ind/Butler/nov172011.html

.

Fried(e)


foggyroad
Nov 17, 2011 - 12:33pm

perfect post TF

Thanks for that clear summation of the blatant world wide colluded effort to fleece citizens of their ability to protect their nest eggs. Disgusting treatment of people who have tried to protect their futures, by saving for the future.

Rule of law and property rights are the foundation stones of just and civil societies.

Are there no leaders left in the free world to stop this erosion of free and just societies?

Where are the academics, the statesmen, the judges, the politicians , the right-headed righteous Leaders? Are they all deaf,dumb and blind?

Has humanity sunk so low, that We can no longer produce good honest intelligent Men and Women, to stop this mindless greed and malfeasance that is destroying the fabric of our world.

I for one do not believe that We have no good people left, to deliver US from the Evil that surrounds Us.

Judges must find in favor of the average Joe taxpayers, the little people," that are the people", not the corporations, who should not have rights equal to the people. <rantoff>

PS. TF I Have notice some misguided posts advocating violence to others, all though, tongue in cheek, but, We must remain vigilant and discourage/report for removal, such posts as We see them, turds are not violent, they are mushy and cause swearing when stepped in, but never violent! *)

silverbill
Nov 17, 2011 - 12:34pm

Fantastic denouement TF!

I have not been the beneficiary of your analysis & documentary as long as the more senior ones here have, but from my POV this write up of yours is the best to date, in my estimation.

Thank you.

fwiw, I did sell all my gainers during the recent recoup & going forward I will stagger my purchs with smaller bites & be at least 2.5% below my accum AC (after comms) with any/all subsequent add ins. 

Good luck to you & to everyone else, too.

YukonCornelius
Nov 17, 2011 - 12:35pm

Feels like something Evil this way comes today, and tomorrow...

Anybody else sense major event and soon?

tpbeta
Nov 17, 2011 - 12:35pm

$25 Here we come...

Well it's about time.

bern
Nov 17, 2011 - 12:40pm

"Only by physical possession

"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."

Turd Furgeson, what is good in life?

To crush your enemies, to see them driven before you and to hear the lamentation of the women.

Slick
Nov 17, 2011 - 12:40pm

Wow..

:) I'm actually pretty excited here...

This take down is just too sweet for me and my physical accumulation plans..

Honestly, I don't mind $28 silver here..its a beauty!

MFG should have been a serious warning for everybody

Brotha Bob
Nov 17, 2011 - 12:40pm

No violence, and fbomb rants

I do not advocate violence. I fear it will soon be at hand. Europe today is ready to explode. OWS would too if they had any brains. The response to violence will make things even worse. An era of totalitarianism is near. The masses crushed by theft of their savings and oppression by neo-storm troopers will fall in line. Good-bye freedom, good-bye liberty. Yesterday, at SGS, I had my profanity laced rant. Temport turrets. This whole thing pisses me off so. It is not some much the stupid politicians spending money to buy votes. It is the corruption of the system, that allows the EE to manipulate everything. Corzine should be perp walked, along with many others. It is a shame our elected leaders do not do what's best for the people, but for the banksters, and themselves. The moral decline in the western world is staggering. The innocent will suffer, as the guilty should. As frustrated as I am, the only choice is to keep stacking. And preparing. And, waiting for the day the this all comes crashing down. I am not a big church going guy, but I sincerely mean it. May God Have Mercy On Us All.

Pablo
Nov 17, 2011 - 12:40pm

Well I guess it's off to the LCS to stock up on silver...

Yay I can stock up on the cheap!

OH BUT WAIT! They will have mysteriously just ran out of silver rounds today even though they had > 2000 oz yesterday!

Sheesh.

FFF
Nov 17, 2011 - 12:43pm
tread_w_care
Nov 17, 2011 - 12:43pm

so do I press the buy button today . . .

or risk it until tomorrow?

what sayeth thee Turdvillians?

Clubfoolish
Nov 17, 2011 - 12:44pm

keep stacking

Just bought another 250 ozs in 1 oz bars from Gainesville.com

off to the credit union to odo the bank wire.

Of course, it dropped ANOTHER $1 right after I locked in my super duper deal.

F'em...criminals all.

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