Gold and Silver in Dullsville

Mon, Mar 12, 2012 - 4:14pm

So much for the expected volatility. After all the wailing and grinding of teeth over Greece, the market impact was negligible. U.S. stocks and bonds have been in a quiet, tight range all day. Yawn. However, the lack of buying enthusiasm allowed The Cartels to press their advantage in the PMs and down they went.

Really, it seemed that the only things moving today were crude, gold and silver. I guess I can kind of see a scenario where one might sell both crude and gold but silver, too?? It just wreaks of the continued, repressive and nasty manipulation scheme we are all sick of. If gold and silver were simply left to trade freely, today might have held the same boring, flat trading that we saw in stocks. Instead, when crude sold off, The Cartels attacked and tried to shove both metals down and away from the resistance levels against which they were beginning to press up. Fortunately for us, both metals eventually found some significant buying support and now those levels should serve to contain further Cartel advances later tonight.

With today behind us, the question becomes: What will the rest of the week hold? Well, keep in mind how rarely the metals trade in the same direction all week. If Monday and Tuesday are UP days, Wed-Fri usually feel some pressure and vice versa. Last week was your latest example. Today, the metals we pressed lower BUT they both found solid buying support. This should make the remainder of the week set up favorably. I'm still highly confident that the lows for this "manufactured correction" are in at 1680 and 32.80 but, clearly, in this post-Greece environment, anything remains possible so we must remain on guard.

Only one news item for you and it is linked below. Again, all the talk about resumption of overt QE is just simply nonsense. QE is ongoing and infinite as the U.S. government ran a $232B deficit in February alone!

That's it for now. Today was so boring that I simply don't have the enthusiasm to continue. More later if conditions warrant but I'll most likely file another update in the morning. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Mar 12, 2012 - 4:41pm

This isn't a market, it's a

This isn't a market, it's a kid's game of monopoly. The real buying and selling is happening directly between the producers and the users at this point.

Unfortunately, there is no price discovery there. Just a bunch of individual transactions with limited data transmitted to either producers or users.

This is not a sustainable system. It will collapse, or industrial society will.

Mar 12, 2012 - 4:53pm

@ Kcap

I think you may have just kicked a hornet's nest with your response.

I don't agree with you and find your response to lack any substance. However, it is full of a lot of dramatic phraseology.

My brother is an Apple employee and is treated quite well. His job provides food and shelter for him and his family. Obviously he is out of sight and out of mind for you and for all others who want to destroy AAPL.


KcapDr G
Mar 12, 2012 - 4:53pm

Dr. G and AAPL

With all due respect. (This does not apply to 1985 AAPL)

(2012) AAPL is a disgrace to humankind. The stock, suckering people in for the drop, and the company.


They have indeed created a product everyone loves and relies on. Do I use one? NEVER. I won't fall for it.

Fall for what?

The fact that your relatively inexpensive enjoyment of a product that many rely on comes with great sacrifice by a group of humans that you have no contact with or any emotional ties to. Therefore, it is out of sight, out of mind to you. These special people are probably wonderfully creative and uniquely special in many of their own ways. But they will never be recognized for those traits.


Because FoxConn has them lined up as servants and slaves to the AAPL master. They work for pennies on the dollar, sometimes up to 14 hour days and 6-7 days a week, doing the same monotonous, redundant, brain killing work over and over and over again. They threaten with mass suicide as they have woken up and understand their conditions of employment are a death sentence. But, ultimately I think they know they are worth more and don't follow through. Change in coming to them. And its coming soon.

Don't short AAPL?

Please. You are showing complete ignorance now. What because everything looks all rosy and the P/E says don't sell? Seriously.....have you learned nothing of history? Is "its always darkest before the dawn" the only side of that realization you know? Flip it around and tell me that doesn't apply today.

Just for the very simple reason of humanitarianism only, you should NEVER use AAPL products. Yet, you just simply may not care one iota about what I have to say. In that case, you reap what you sow.

If you do...think twice about doing anything with AAPL. Their day of reckoning is fast approaching.


Mar 12, 2012 - 4:57pm

@ Kcap--Dr. G and AAPL

How are you enjoying your Volt? Geeze man, lighten up.

Number 47
Mar 12, 2012 - 4:57pm

Foxconn employees don't just

Foxconn employees don't just threaten suicide. 18 have so far thrown themselves to their deaths from the roofs of that disgrace of a workplace. The deaths may have stopped but this has more to do with the safety nets that now make sure if you jump you won't die. Same kind of technology they use in prisons and mental hospitals.

Apple and it's customers should take a long hard look at themselves, for every fashion accessory bought there is a multitude of suffering behind it.

Technology is great, making it into a fashionable toy and paying over the odds for the brand is something I will never understand. I don't have bells and whistles on my hammer, it's just a tool. I guess I'm lucky, advertising and marketing doesn't affect me the way it does others. It affects me more like this.

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Mar 12, 2012 - 4:58pm


I don't want to destroy AAPL. I don't need to. They will destroy themselves.

I do in fact care about your brother, especially if he was treated like any FoxConn employee. But he isn't. Does he work in China? No he doesn't. How do I know? Because if he did, you wouldn't say he was treated well.

Allow the hornets to swarm my good fellow human. Light should be cast on this. Perhaps one day it will shine into the dark caverns that keep you unenlightened.


Mar 12, 2012 - 4:59pm


While the Foxconn conditions are pretty sad deplorable, that's legal in China. As far as I can tell with Apple, I haven't seen them (or Steve Jobs) connected with the global conspiracy - someone please correct me if I'm wrong. Sure they are greedy scumbag assholes , but at least they haven't been secretly poisoning our land, sea, and air, in an effort to reduce global population. I remember when when corporations were all about maximizing profits, and not trying to kill us.

Mar 12, 2012 - 5:01pm


It is warm and sunny across much of the nation.

I would expect this denial and lightheartedness about such a serious issue today.

I am sure the chemtrails are laced with something special this week, help keep the sheep in line. They are flying a mile a minute today. Look up folks, look up.



Mar 12, 2012 - 5:03pm


You're right. 24 hours/day being attached to media and radio frequency running through our brains full steam along with constant distraction from what is important and vital to a virtuous life is healthy. I forgot.


ps. Wow, we are degrading quicker than I thought.

Mar 12, 2012 - 5:06pm

@ Kcap--AAPL

Who do you think assembled the computer that you just posted your response on? AAPL gets the attention from your ilk because they're "successful". Last time I checked, this was a good thing.

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