Literally Sick To My Stomach

Tue, Mar 13, 2012 - 5:26pm


Seriously, I feel sick to my stomach. So disgusted I could puke. As I try to write this post, I really don't even know where to start.

Let's start here: This Fed nonsense. Did I miss something? What, exactly, did The Bernank say 2 weeks ago today that caused an ounce of physical gold to suddenly be valued $100 less? And today, what, exactly, was in the FOMC minutes that caused an ounce of gold to lose almost $40? Anyone? Anyone???

All I know is what I heard and what I heard was that the Federal Reserve remains committed to this low interest rate environment through late 2014. THAT'S ANOTHER 30+ MONTHS! All the rest is bullshit, SPIN and MOPE. And it goes without saying that this is true. What other choice do they have? As discussed here ad nauseam, INTEREST RATES CANNOT BE ALLOWED TO RISE. Not now, not next month, not next year, not ever! Period. End of story. Hallelujah. Holy shit. Where's the Tylenol?

Remember and NEVER FORGET that even Status Quotians are smart enough to buy gold during periods of negative real interest rates (Please re-read for a primer: .) and the Fed just reaffirmed today that real rates will remain negative for the next 2.5 years! THIS IS DECIDEDLY PM BULLISH, NOT BEARISH.

Ah, but you see it doesn't matter. All that matters is what The Fed wants. They are in charge. They are the market. They will make it do whatever they want it to do. The must manage perceptions. They must get their media lapdogs and shills to SPIN and deceive. The only thing that matters is this:

Google "Bernanke Wealth Effect" and start reading. You'll find that The Bernank is a BIG BELIEVER. He also knows that the ONLY WAY OUT of the collapsing keynesian ponzi is through the wealth effect and growth. You and I know it ain't happening but ole Ben's gonna try. So rates MUST STAY LOW. Stocks MUST GO UP. And gold MUST BE KEPT IN CHECK to help maintain the illusion that all is well.

The problem is: It ain't working. People aren't stupid. Well, let me re-phrase that...not everyone is stupid, particularly the very wealthy and the leaders of China, Russia, India et al. THEY SEE THIS FOR WHAT IT IS. They will continue buying gold regardless of the paper game bullshit on the Comex. Jamie can order Blythe to dump as much paper gold as she can create but all she's doing is disconnecting paper from physical and confining their fate to irrelevance.

As you know, I'm on the record as claiming that the lows of this recent "manufactured correction" were reached last week and I've still got a shot at being right. Gold double-bottomed this afternoon and silver never broke 33. This may have been IT and sanity may soon return. We'll see. In the meantime, please avoid committing any significant money to paper trading. Your only option is to stack physical metal. Period. Trading paper with leverage is an almost certain way to bankrupt yourself, particularly in gold and silver where the only market participants remaining are WOPRs and the Cartels that perpetually "game" them for profit. This may sound like strange advice from a guy who is about to begin charging a small fee for "trading advice" but IT'S TRUE. I beg you NOT TO TRADE ON THE COMEX. If you want to take my TA and fiddle around with 100 shares of AGQ, fine. However, anyone attempting to "trade" on the Comex is foolish to the point of being downright, Forrest Gump-level dumb. Don't do it.

To that end and to graphically illustrate all of the above, what do you make of these four charts? What happened right at 3:26 EDT? Something must have happened. Why would all four of these move down in unison? Then ask yourself, who has the power to make this huge, basket trade? Who has this level of money? Not only to affect this trade but to absorbe the loss generated by literally DUMPING on these markets afterhours? Hmmm. SPIN/MOPE/SUPPRESSION?

Anyway, as mentioned above, the lows from last week DID MANAGE TO HOLD this afternoon. We would still appear to be very near a bottom in paper price. Please use this weakness to buy more physical.

And, if, in the end, you are looking for overt QE3, it appears to be getting close. As we've noted since late last year, the clue to the initiation of overt QE is the action in the 10-year note and the long bond. Well, both appear to be rolling over and breaking down. IF this continues, a formal Fed announcement will soon follow.

Lastly, Jim Comiskey phoned me over the weekend to inform me that he was onto something no one else was talking about and he included it in his Friday video. I suggest you watch it. The action starts at about the 10:00 mark. (Nice work, Jim!)

Video unavailable

Interestingly, Turdite "Reach West" watched this and then went in search of the same online document and found that important parts had been redacted. NO! REALLY?!?! IN AMERICA?!?!

Submitted by ReachWest on March 13, 2012 - 11:44am.
In Jim Comiskey's video of March 9th (referenced by Turd in comments above), Jim talks about the fact that 2 NE refineries have shut down due to [the companies] being unwilling to comply with new EPA regulations.
Jim is referring to the EIA report, dated Feb 27 [PDF Linked Here]. At about 11:35 in Jim's video, he reads from the first paragraph on page 1 of this EIA Report that two refineries were closed ".. due to EPA regulations, that the companies refused to meet .."
Now take a look at that EIA report, that particular bolded line is no longer in the paragraph. It appears that they have REMOVED all the references to EPA regulations being the culprit for the Refinery closures, from the report.
Someone at the EIA must have caught hell for telling the truth - Very interesting.

So, put it all together and I am just sick to my stomach. It's all bullshit and lies. Anyone that tries to tell you otherwise is either simply naive or stupid. Your government lies. They all cover for each other and try to blame anyone and everyone for their transgressions for the simple intention of maintaining their power. The Fed, at the behest of the politicians and in an obvious attempt to maintain their own power, lies and steals and cheats and manipulates and SPINS and propagandizes to the extent that there are no longer and free any fair markets anywhere. Everything is simply controlled and massaged for the expressed purpose of creating an illusion of normalcy and prosperity. WELL DON'T BUY IT! PROTECT YOURSELF AND DO IT NOW. KEEP STACKING PHYSICAL METAL AS IT IS YOUR ONLY TRUE SOURCE OF FINANCIAL PROTECTION. IGNORE THE MEDIA AND MARKETS. LOOK AWAY FROM THE LIES. BELIEVE IN YOURSELF AND TRUST YOUR INSTINCTS. PERSONAL GOOD JUDGMENT AND WISDOM ARE YOUR ONLY HOPE.

God help us all.


About the Author

turd [at] tfmetalsreport [dot] com ()


Be Prepared
Mar 13, 2012 - 5:30pm
Mar 13, 2012 - 5:33pm




SECONDLY... I don't have time to post about how much of SHALE GAS is a FACADE today. For now I will leave you with the Gulf of Mexico THUNDERHORSE-ATLANTIS-TAHITI production:

Production is down 50% in these three rigs since OCT 2009. SHALE GAS is BS. SHALE OIL is BS. I will write a post in the next few days.

Mar 13, 2012 - 5:39pm

Accuracy of silver prediction chart on its first anniversary

Hi, reposted this from the very end of the previous thread.

Today is exactly one year since my long term silver spot price prediction chart was created and published on March 13th, 2011, here:

Disregard most of the text, please, except advice for silver buying in the end:

Quote: So, keep silver, but You can buy or repurchase it cheaper during 2011-early 2012 than now.

I will take the opportunity given by this anniversary to analyze the charts accuracy during and over one year.

One year ago, on Friday, March 11, 2011, Silver closing spot price was 35,9USD/Oz. In my chart on March 13,2011 I predicted that Silver closing spot price on March 13th, 2012 will be 32,5 USD/oz. Today it is 33,4 as I write. So the accuracy of this END-to-END prediction over one year period is about 2,5 %. The green chart is BTW predicting 33, so within 1,5% over 6 months.

Here You can see the shorter term part of the same chart ( red color) with comparison to actual silver spot prices over the year period. I would like to suggest what would have been stacker actions he/she would have followed the original red chart:

1) He/she would never had bought silver above 32,5 USD but waited until it falls below it-except if he wanted to make short term profit on the peaks and troughs in April and August-September by going long before the peak and short at or after the peak.

2) He/she would have bought like hell in October 2011 when closing price was in the range 30-32

3) He/she would have been happily surprised by drop in December -January 2012 and buying with all his money when price went even below 30 USD

4) He/she would have never fallen into traps of April , August-September, October -November and February 2012 excitement and would not have bought above 32,5 -sold may be to make profit and bough back later.

Of course, no one is able to believe in any chart so much, especially from an unknown source, but some reliance on it after it had proved quite accurate ( don't by above 32,5) would have helped after September crash.

But now the scary part comes to test the chart- the fast raise and drop in silver which according to original chart should start already on April 1st 2012, and reach peak by October 2012, OR, according to the same chart that was little bit tuned (green) in October 17th, 2011- slower and later ( from mid June 2012, with a real sharp rise starting mid September, double top November-December 2012).

From both charts, I would say start to believe its going to hit 60-70 in 2012 once its over 45-50 But there will be a crash again, so buying above 45-50 without intent to sell at the peak is not advisable.

Can't wait to see what will happen. I do not trade, but have bought some physical gold to test own charting. If I am as lucky as usual in financial matters, I will loose money. Hope that helps.

All my prediction charts are in one place here:

Mar 13, 2012 - 5:43pm

note this

OH yeah, I dont have the brains to write this.

After spending nearly 30 years in lumber and lumber hedging I instinctively know when a market feels non-interfered with, and I can readily identify the anomalies. Here are 20 anomalies that exist in gold that rarely, if ever occur in lumber:

1. Outside day upside reversals nearly always fail.

2. Technicals frequently run askew.

3. Daily chart patterns often look nearly identical.

4. Gold rallies stop at 1%, or, rarely 2%.

5. Gold price plunges are always more violent than price rises.

6. Gold futures margin hikes always impact gold negatively.

7. Gold prices wane on the market open.

8. Gold prices wane on the London close.

9. Gold exceedingly trades "counter-intuitively" on bullish news.

10. Gold often trades in lockstep with the Dow, or other fiat paper products.

11. Gold primarily rises only after U.S. markets are closed.

12. Gold FND and op. ex. days are nearly always bearish, rather than short squeezes.

13. Gold futures and derivatives determine price discovery, NOT physical.

14. Mining stock prices wane, signaling imminent failure in the POG.

15. Most mining companies won't support, or even talk bullish about their own product.

16. True data regarding leased, loaned, or verifiable audited gold is nearly impossible to discern.

17. Those classified as "commercials" are heavily, and perennially short.

18. Those classified as "commercials" sell in thin markets without regard to maximizing profit.

19. Gold analysts who are given the most media attention are actually adversaries- bullion banks, Wall Street companies, derivative traders, etc.

20. Gold analysts who have been dead wrong for 12 years still have credibility, and even more amazing still have a job.

When you look at this list you begin to grasp the magnitude of effort the cartel deploys to discourage gold buying. You also get a perspective of how the odds exceedingly favor a spectacular failure of the manipulation in force. Nothing can go on for so long without producing a dire need for rectification. While gold has indeed risen from $260 to over $1,900 at one point the evidence suggests that heavy ammo has already been spent in that phase of containment. As James Turk suggests a gold price explosion would appear to be imminent.

Mar 13, 2012 - 5:44pm

Beautiful SRSrocco

I can't wait for your next missive on silver. You produce some VERY valuable information.

And Turd, as usual, enjoy your analysis. This was obviously​​ manipulation, and whoever says otherwise is willfully blind. But hey, I know this, you probably know this, so what's new? Just another opportunity to add to the stack. They are presenting us with buying opportunities​ of a lifetime ​by willfully smashing the price of gold and silver lower to keep the paper game going.​ Do they realize that these precious metals are finite sources?! Do they realize that it's becoming harder and harder to find this stuff in the ground? Do they realize they can't keep this paper game going forever?

Of course they do!​ They also think that the people are too stupid​ to think otherwise and believe everything they say is for the people and not themselves. Well not here in Turdland. We get it. We see the big picture, and we see the sh*tstorm on the horizon.

The banksters are scared, and they are painting the tape beautifully. But take heed and be cautious... because they can't keep this up forever. Just remember that.


Mar 13, 2012 - 5:44pm

@Ivar can you to a shorter time scale Gold Chart Please?

Or point to one in your thread?


Mar 13, 2012 - 5:46pm

For Turd et all . . .

Some days sure feel like this

Everything Hits At Once
Mar 13, 2012 - 5:48pm

Hey Turd: Your post, Exactly as how I feel about the situation

I never liked being lied to.

Its very hard to determine what is true and false any more

Mar 13, 2012 - 5:48pm

Well I think the 3:26 pm

Well I think the 3:26 pm takedown coincided with dimons announcement of stock buyback and dividend increase.. Something had to pay for it...

Mar 13, 2012 - 5:49pm

Provident has 2012 Gold

Provident has 2012 Gold Buffalos for $65.99 over spot with code 2012buffs. I'm going to buy one to cheer myself up!

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