Fri, Mar 9, 2012 - 11:04am

Getting a bit of a late start today so I'm just cobbling together a post so that everyone has a new thread to play with.

I must say that the biggest disappointment in the BLSBS report this morning was The Coug's new hairstyle. She's kind of gone with a new, old maid school marm look. Ick. If she continues down this road, she'll need to be renamed. The Shill was his usual keynesian self and, because the imaginary numbers were so bland and uneventful, the LSHI never reached higher than about a 3. Yawn.

Ah, but all of this was more than enough "cover" for The Forces of Darkness. Immediately following the release of the report at 8:30, The Monkeys were set loose from their cages and, over the next half hour, gold was clipped for $25 and silver beaten for nearly $1.


Rather significantly, though, our erstwhile support levels held once again. Note on the charts above that gold reversed right at 1680 and silver never even made it to $33. And now, we are in the midst of some full-blown FUBLSBS rebounds. The main thing to watch today will be the closing levels. If silver can move back toward 34 and gold toward 1700, we will have dodged another bullet from the Cartel's gun. If things could really get going, we'd have a shot at a "green" week. Gold closed last Friday at 1710 and silver closed at 34.53. It's probably a pipe dream...but...to reverse and close positive for the week would be a very significant development. Hey, a guy can dream, can't he? Anyway, those are at least some levels to root for today. We'll probably have a positive Globex trade this afternoon, too, as there is a nearly 100% chance of seeing significantly improved CoT reports for both metals.


That's all for now. Have a great day and smile knowing that this week could have been a lot worse. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Mar 9, 2012 - 11:06am


What is up with this spike? No news on ZH, but I like it!

Mar 9, 2012 - 11:07am
Mar 9, 2012 - 11:08am

All Hail Turd!

He keeps my money safe!

Mar 9, 2012 - 11:08am

what just happened?

nice move though whatever the reason... smiley

Mar 9, 2012 - 11:09am

Aha . . .

Thank you ZeroHedge


p.s. if you don't read ZeroHedge you should correct that deficiency in your education now :).

Mar 9, 2012 - 11:10am

somethins up

somethins goin on..that's for sure..massive volatilty...silver covered it's smashin.in a jiffy...anyone got any clue?

Mar 9, 2012 - 11:11am

First, at last?

First, at last?


So it isn't just Turdites that may be understanding the situation? Metals stacking must include lead.

Mar 9, 2012 - 11:11am



Contact Pining to receive all of your aforementioned benefits of joining the club. I hope you like bacon!

Be Prepared
Mar 9, 2012 - 11:12am
Mar 9, 2012 - 11:16am


Didn't Santa say this is what would happen in that first article he wrote in early Feb, Dollar to spike up gold and silver up .i cant find the article.Look at housing stocks up 4-5 % bonds (tlt) down.Hmmm

Mar 9, 2012 - 11:19am
Mar 9, 2012 - 11:21am

Gold Celebrates Formal Greek CAC Activation....

Gold Celebrates Formal Greek CAC Activation With $40 Intraday Move Higher

Submitted by Tyler Durden on 03/09/2012 - 11:07 CDS United Kingdom

Minutes ago, the Greek cabinet formally announced that it has approved CAC use on Greek debt, which was the final milestone that ISDA was waiting for before making its determination. Most overjoyed by this appears to be gold, which has moved by nearly $40 from this morning's post-NFP (no "inflationary" QE3?) lows and was testing $1715 moments ago. Oh, and silver too. In other news, Zero Hedge is happy to sell CDS insurance on every bar of gold purchased by anyone, anywhere. Under UK, Greek or whatever alien law that will be needed in 2-3 years to bail out the world.


Mar 9, 2012 - 11:21am

Bonds Down

Bonds and Treasuries down, rates and everything else up? Could it be that because of Greece bond investors are realizing that it's impossible to insure against a loss of a fantasy with fantasy CDS's?

Mar 9, 2012 - 11:22am

Hold Hands

We shall overcooooome.

Mar 9, 2012 - 11:24am


I have begun to think of the metals in a new way. As Sinclair and others have stated we need to prepare for extreme volatility. So here is how I am preparing. Remember how pleasant it was to ride a swing back and forth? With the wind in your face on the forward side, and the slowing and return motion. You all know you used every available body English to push that swing for a higher level, and greater height each time. You also knew that unless you stopped wanting the swing to move it would always return to the other extreme. I am convinced that until the printing stops we will have that push with each swing. The suppression will slow the swing and drive it back, but ultimately the motion will reverse and we will feel the wind in our face once again. In the words of an ancient sage: "Stay thirsty my Friends!" Be comfortable in this swing.

Be Prepared
Mar 9, 2012 - 11:25am

Gerald Celente: EU Collapses In 90 Days, Bank Holiday and War

Gerald Celente: EU Collapses In 90 Days, Bank Holiday and War

Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010, will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente.

Hysteria of the horrid possibility of a European meltdown and the dire implications for the world economy a collapse will end, as the event finally turn into unequivocal reality by April 1, with accusations of ‘fear mongering’ by a significant portion of the mob quickly dropped in favor of the next predictable reaction to the crisis: outrage against those who allowed the collapse.

“I would say, since I’ve been doing this work, over 30 years ago, I’ve never been more concerned than I am right now,” Celente told ABC, Australia.

In Celente’s latest forecast, titled, The First Great War of the 21st Century—Prepare, Survive, Prevail, he paints a bleak picture for 2012, predicting a worsening of class warfare that already wages within more than a dozen countries, from Tunisia, Egypt, Yemen, Syria, Bahrain and Qatar to the UK, Greece and Italy, which will eventually spread to eastern Europe/central Asia and more intensely in the United States.

But, what the world has seen so far is only a economic and social symptom of central bankers’ stop-gap remedies, haphazardly applied to the global financial crisis since its beginning in the U.S. and the fall of Bear Stearns in 2008.

After dozens of trillions of dollars thrown at a global solvency crisis with nothing but further deterioration to show for the money spent, some wonder if the world is about to slide still further into depression.

According to Celente, when the European Union falters from too much supply of debt coming due ($7.3 trillion from G-7 nations, see zerohedge.com) against the backdrop of sliding demand for more debt, the European domino will topple other dominoes, widening the global depression to include the world’s larger economies.

Celente said the kickoff to a global meltdown and a call to war could “spiral out of control” some time “by the first quarter of 2012” as the European crisis worsens to the point of a crack up. “There’s no way to bail out the European nations,” Celente said forcefully.

And the build up to social unrest, calamity and possible civil war can be seen a mile away, said Celente, who segued into another one of the trends he sees for 2012: Safe Havens (escaping the United States).

“They just passed a law in the United states, the National Defense Authorization Act (NDAA),” he said. “It now gives the president the right to identify a person like me and call me a terrorist and that I’m against the government. And the military can come and break down my doors—the military—and arrest me, charge me with nothing, give me no trial, no rights of habeas corpus, no jury, no judge, and they can kill me if they so choose, torture me; they can send me to any country around the world.”

Celente advises preparing now for a quick route out of the United States if a bank holiday (a prediction of his) is called. The ramifications of a dollar devaluation aren’t clear, but an enacted NDAA, FEMA camp readiness and scheduled TSA checkpoint expansion plans suggest the U.S. may enter a crisis on par with the lead up to the U.S. Civil War of 1861-5. <Rest of the Article>


I don't see the first quarter of 2012, but I can't see it not going into craziness later than 3Q2015.

Mar 9, 2012 - 11:27am


PIG ..shootin upmassively..so is Gold with silver not far behind....what a pleasent surprise..seems like Santa's prophecy is comin true..Let's hope it remains the same all along..whether PIG goes up or down...Ag & Au up up & away

Mar 9, 2012 - 11:27am

WTF? I was about to pull the

WTF? I was about to pull the trigger on a 10 oz gold bar from APMEX. Took a shower to see if gold would fall a few more bucks, got dressed and BAM, now its up at least $30. 

Mar 9, 2012 - 11:38am

Your vote truly counts

Like my old Irish Grandmother told me;

"IF voting actually changed things, wouldn't it have been outlawed already?"

This is why we now have DIEBOLD, "Voting," machines;


tanjr364 Punk-Assets
Mar 9, 2012 - 11:39am

worst shower of your life i

worst shower of your life i bet

Mar 9, 2012 - 11:40am

Leading Indicators

Europe crashing in 90 days AND Coug's hair sucks at the same time? That's all the reason I need to stack more. Silver and Gold bitchez! Oh, and for US citizens: Passports bitchez! ;)

Mar 9, 2012 - 11:41am

Nothing like the smell of a

Nothing like the smell of a good FUBLBS in the morning... (please don't reverse, please don't reverse, please...)

Mar 9, 2012 - 11:52am

Who's the Coug? I'm familiar

Who's the Coug? I'm familiar with the LSHI during NFP days, but don't know about the other one.

Mar 9, 2012 - 11:52am

Can you smell it

Somethings in the air,this action is not right does anyone else feel it?Weimar Redux?

Mar 9, 2012 - 12:00pm


Dollar is up.. so is everything else. Wtf is goin on here?!?! I wonder which will "break" first? The metals or the dollar? It is very odd though that even main indexes are up with a strong dollar. Somethin stinks about this..

Monedas tread_w_care
Mar 9, 2012 - 12:02pm

read_with_care !!!

I know about ZH ! I'm the one who linked Turd and Tyler romantically ! Monedas 2012 Comedy Jihad World Tour devil

Mar 9, 2012 - 12:04pm


I finally sold my GTO. I shall miss her but with my stacks I think I can easily posses another in the future. That being said. Should I stack more this weekend when I have the funds in hand or should I wait for another dip? I am kinda partial to just getting more at this price as in the long run it won't matter. Also all the stuff going on in the EU makes me want to get the shiny on it's way asap. Rachel - you were my first but not my last ;)

Mar 9, 2012 - 12:07pm


My condolences on 'Rachel' crying She was a beauty!

Happy stackin'!

Mar 9, 2012 - 12:12pm


Video unavailable

Scary Stuff.. 

Mar 9, 2012 - 12:13pm

CLIVE MAUND....ZERO FOR 2 in 2012????

My buddy CLIVE MAUND just did a new SILVER UPDATE. I must say, I don't sleep well at night until Clive comes out with his newest silver update so I know where to place my bets (sarcasm). I put a prior post back in Jan in Turd's blog when CLIVE was forecasting a breakdown of silver to $18. His TA CRYSTAL BALL must have been turned UPSIDE DOWN. Next time he looks into it, I will make sure he turns it right-side up.

This is what Clive stated in his March 5, 2012 SILVER UPDATE:

The fact that silver tried to break out of its major downtrend channel, but failed and then dropped hard on heavy volume is a clear sign of a trend change - an intermediate reversal. Thus it is now expected to break down from its shorter-term uptrend shown and drop away, despite the fact that it is not very overbought and its moving averages are in increasingly bullish alignment. How far could it drop? - it could drop right back across the trend channel which would clearly not be good news for silver bulls, and there is nothing to say that it could not drop further than that.


Let's look at CLIVE's newest charts...shall we:

Here we can see CLIVE in TRUE COLOR. Not only did Clive get his first call in 2012 WRONG IN SPADES.... with a little help from my LUCKY ALAN GREENSPAN RABBIT FOOT (I got one of Greenspans aids to grab a few of his 15 remaining hairs to put in my lucky rabbit foot), we just may be able to prove CLIVE wrong for the second time this year.

I have to get a kick out of Clive for the entertainment that he provides us all. Either Clive is completely naive to M-A-N-I-P-U-L-A-T-I-O-N, or he just might be part of the GRAND SCHEME. Who knows. Clive believes SILVER will be the same as the NASDAQ?? Gosh, if this is the sort of analysis that he finds noteworthy, then all I can say.... SEND IN THE CLOWNS.

In conclusion, this sort of Technical Analysis does more HARM than good for investors. Investors should be buying SILVER and GOLD hand over fist, instead clowns like this just make a mess of a market that is already a COMPLETE MESS.

Happy Trading...

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Key Economic Events Week of 1/21

1/22 10:00 ET Existing Home Sales
1/24 9:45 ET Markit Manu and Svc PMI
1/24 10:00 ET Leading Econ Indicators
1/25 8:30 ET Durable Goods
1/25 10:00 ET New Home Sales

Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
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Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
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1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

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