Headed Out

Fri, Jan 27, 2012 - 3:21pm

I'm behind schedule and in trouble. Sorry for the quick post. More Sunday when I return. First, though, please check out these items I have for you.

First of all, the short-covering continues in the PMs. Yesterday, while gold was rising $26, the total gold OI was falling by over 1000 contracts. Again, since it is nearly certain that some new longs were added, how many Cartel shorts were covered? 3000? 5000? The question is: Why is the Cartel covering here and will they continue (like August)? The trend continues in silver. Price rose yesterday by 60 cents or so but total OI fell again by 500 contracts. That's $1.75 (5+%) in gains over the past two days while total OI has fallen by 1000 contracts. This is very exciting! With each passing day, the possibility is increasing that I will be proven correct about EE intentions in 2012. Watch the latest "Wicked Witch" video again for a reminder.

The Wicked Witch Schemes For 2012


This next article is also very interesting and thought-provoking. Written by FOFOA, it is a fantastic discussion of some "gold standard"-type ideas. I must warn you, this stuff can be a bit mind-numbing so, hang in there. It's well worth your time and effort. Again, I'm curious to see your thoughts and feedback in the comments.


We've had a great week and the metals are going out strong, particularly gold. I'll try to find some time to chime in through the comments section once I see the CoT numbers tomorrow. They likely won't be too crazy as they are basis last Tuesday. Next week's CoT should be very, very interesting.

Have a great weekend! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Jan 27, 2012 - 3:23pm



Jan 27, 2012 - 3:25pm


But only because I had to register 1st

Jan 27, 2012 - 3:28pm

Another Video, awesome!

Another Video, awesome! What's going on w/ the subscription? I want in. Cheers!

Jan 27, 2012 - 3:37pm

Bought Some More

Had a nice, first-time visit with a new coin-seller yesterday. Bought some Morgans & Franklins at spot, and some nice Walking Liberties below spot (WTF?). Usually, sellers want a premium on the Morgans, but I wasn't about to complain.

One minor oddity - although I brought a current frame-grab from the coinflation website showing their calculated coin prices, this seller weighs his coins on a scale and makes his own calculations. The price actually came out a tad lower than coinflation's - but again I wasn't going to complain.


If you are an old car buff, go back to the end of the previous thread and check out that mid-sixties Pontiac LeMans that I used to have. They just don't make 'em like THAT anymore!

Jan 27, 2012 - 3:44pm

picked up some...

gold today. I was staring down some 2012 Eagles, but the premium was too high.

Jan 27, 2012 - 3:47pm

Re: Classic Cars

DPH said...

"I find it interesting, and kind of cool, that people name their vehicles for whatever reason and the names themselves."

- - - - -

Anna was a character in Tolstoy's masterpiece "War and Peace." Although she was a beauty with a fine disposition, she was more or less ignored because her blood was less aristocratic that of others around her.


Eric O, I would rather admit to eating Canned Bacon, than to have totalled one of those.

Dr G
Jan 27, 2012 - 3:47pm

Have a great weekend

Have a great weekend everybody!

Jan 27, 2012 - 3:47pm

Sprott PSLV (PHS.U IN Canada)

With the drop in premium the trust is a heck of a buy in my opinion. I can buy the units for a lower premium tha at the Vancouver Bullion and Currency Exchange. Even if silver does not go up, the premium for the trust was all the way up to 30%. I think we can ride the rise in silver and the rise in premium on the fund.

Of course, you don't get to hold your silver in your hand!!

Eric Original
Jan 27, 2012 - 4:00pm


demon alcohol was involved, sorry to say. And testosterone too. A bad combination. I left 5 teeth on the pavement, but more or less OK otherwise

289, three speed. God, that thing could fly. Neck snapping acceleration...

What an idiot my Dad was for letting me buy it.

Jan 27, 2012 - 4:05pm

LOL at Eric

Yeah my dad didn't want to buy me and my brother that oldsmobile 442 back in the day. I'm still pissed about that. Have a good weekend people. I'm offshore so I have a lot of internet time to lurk and make ridiculous comments on CNBC.

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