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Party Likes It's 2009

265
139
Thu, Mar 22, 2012 - 10:53am

I don't know if anyone else feels this way, but I've been having a strange feeling of deja vu and I couldn't seem to place it. I was standing there this morning, making some coffee, when it hit me. This is late 2009 all over again. If you were trading and stacking back then, I'm sure you'll recall that painful period. If not, let me give you a little refresher.

Where were you in late 2009? Were you listening to this:

The Black Eyed Peas - Boom Boom Pow
Avatar Movie Trailer [HD]

I know where I was...I was making some serious cash. In July of 2009, gold was trading in the low $900s. By Thanksgiving of that year it was near $1200 and Turd was flush (no pun intended). And I will never, ever forget where I was when gold peaked. I was reading ZH and watching Fox Business when I saw gold trade at 1225 and read a headline on ZH that the Bundesbank was going to be announcing a huge gold purchase in the morning. My personal sentiment indicator went to 10+. Unfortunately, that didn't work out so well. Beginning the next day, gold began to roll over, instead, and by the first Friday of December, I was doomed. The BLSBS report came out and was spun into good news. Dreams of "green shoots" and a "recovery summer" soon took over. The POSX shot higher and, over the next 3 months, rallied nearly 10% from 74 to 81.

The resulting decline in gold was brutal. First, it had peaked at $1226 and Santa had promised an "angel" at $1225 for years. The fact that I'd let greed overcome me and consequently didn't sell at $1225 was crushing and when gold rolled back down through $1100 in January, I was seriously depressed. All of the same old AGAs were claiming that $1225 was a blow-off top and that gold was soon going to be trading back below $1000 and was probably headed back toward $800. I was sick, Mister Hyde was furious and it seemed like all was lost.

But we didn't quit, we didn't give up. I knew that the whole "recovery summer" thing was a joke. The U.S. economy wasn't going to recover, the best it could do was stagnate and limp. The MOPE and the SPIN were so thick, I could barely breathe and when gold bottomed at $1052 in February of 2010, there was hardly anyone around who noticed or even cared. And that's the funny thing about bottoms, you rarely, if ever, notice them in the present as they are only visible in hindsight. With hindsight, we now know that the "green shoots" of 2009 became the dead weeds of 2010. All of the breathless proclamations by LIESman et al not withstanding, the facts, the math and reality took hold again by mid-2010 and gold finally surged back to the $1225 level in May and through $1225 in September.

paper_3-21amgold09.jpgpaper_3-21ampig09.jpg

My point is simple: We are currently in an identical situation. Gold surged to $1925 last September and, on 9/6/11, gold was ready to rocket higher on news that the SNB was going to devalue the Swissie by 10%. Again, sentiment was at the 10+ level and, again, we were within a few dollars of a Santa "angel" at $1936. Well, we all know what happened next and now, after six months of this brutal "correction" where gold has again fallen 15% while the POSX has rallied 10%, we are once again staring into the Pit of Despair. LIESman et all are screaming from the rooftops that the economy is improving and The Bernank is desperately implying that QE is over. Well, I call "bullshit" and I'm standing tall against them. Will you join me?

As I type, gold is at $1632 and silver is at $31.43. I've been maintaining all month that gold would likely bottom between 1600 and 1650 and that silver was headed to 31, maybe even 30. Why would anyone panic now when we are so close to the bottom. Always remember and never forget: THE ONLY WAY YOU WILL CONSISTENTLY MAKE MONEY TRADING GOLD AND SILVER IS TO BUY WHEN EVERYONE ELSE IS SELLING AND SELL WHEN EVERYONE ELSE IS BUYING. Period. Why is this true? Because this strategy essentially puts you on the same side of the trade as The Cartels, which as you know post-MFG, are exerting an increasing level of influence on the paper metal markets. It is clear to me that now --right now-- The Cartels are buying and covering not selling and adding. I discussed this yesterday in two, separate comments to the previous thread and they are reprinted below:

Submitted by Turd Ferguson on March 21, 2012 - 11:59am.

Back at the last highs of 2/28, total gold OI was 479,044. As of Monday's close, it had fallen to 434,226 for a drop of 9.35%. The last time gold total OI was at this level was 2/14/12 when price closed at $1718. Additionally, even back in January, we find higher total OI numbers. The week of 1/16 averaged total OI of about 439,000. Gold began 2012 with a price near $1600 and a total OI of 420,000.

Back at the price highs of 2/28, total silver OI was 115,866. Total OI was actually higher on 2/24 at 118,204. As of Monday's close, it had fallen back to 108,268 but actually bottomed back on 3/15 at 106,723 or a drop of 9.71%. The last time total silver OI was below 107,000 was 2/17/12 when price was $33.28. Total silver OI averaged about 103,000 in January after beginning the year at almost exactly this level, near 106,000.

Clearly, any "excess" open interest brought about by the early year rallies from 1600 to 1800 and 28 to 37 has now been wrung out. Again, this is just another signal that we are very near a bottom.

Submitted by Turd Ferguson on March 21, 2012 - 3:48pm.

Crazy silver OI report basis yesterday.

Yesterday, gold was down $20.20 and total OI was down 3,200 contracts. Perfectly normal.

Silver, however, was down $1.12 yet total OI expanded by 3,154 contracts. ​ The July12 alone went from 12,404 to 14,018. The only deduction that can be made is that a significant amount of new shorts entered the silver pit yesterday. What we don't know is whether it was Cartel or spec shorts. The CoT on Friday will provide some clues but it is highly likely that these are spec shorts. Why? Because The Cartel typically only adds shorts to:

  1. Cap price OR
  2. Attempt to start a waterfall/cascade selling event.

If only now we are seeing a huge run-up in spec shorts then we truly are very close to a bottom as the late-coming spec shorts will soon be fleeced just like the late-coming spec longs were fleeced on 2/29.

Total silver OI is now back to where it was two weeks ago, when silver was almost exactly $1 higher.

Ahead of the CoT on Friday, here is what we know:

Gold for the week 3/13--3/20 saw the total OI fall from 442,319 to 431,039 while price fell by $47 (2.77%).

Silver for the week 3/13--3/20 saw the total OI only fall from 111,730 to 111,422 while price fell $1.75 (5.2%).

Likely Conclusion: This week's CoT will be slightly bullish for gold but will show a significant improvement in the CoT picture for silver.

Anyway, the point is that is is always darkest before dawn and we are very deep into the wee hours. The global economies have not and will not improve to the point where we can "grow our way out from under the debt". No way, no how. In 2010, it took 6-8 months before logic, math and facts finally prevailed over hope, MOPE and SPIN. The truth will win again in 2012, you just have to be patient.

One more thing, I received some communication from "Winston" this morning and he provided some very helpful information. He is of the belief that the down move that began Tuesday evening and continues this morning is almost entirely related to April gold option expiration. Again, the Comex is now almost completely controlled by The Cartel as the only participants left are Cartel monkeys and HFT-WOPR momentum chasers. This allows The Cartel, which has full knowledge of the order books for both futures and options, the ability to swing price at their leisure and position price in such a way as to maximize pain for option holders upon expiration. Winston believes that the current target of their malice are not only the call buyers but also the out-of-the-money put sellers for April. Remember, gold was near $1800 just 4 weeks before expiration of the April options. A lot of traders believed that there was easy money to be made by selling out-of-the-money puts, the April 1650s and the April 1600s. Those that did are getting seriously squeezed right now and they are being forced to short actual gold contracts to hedge themselves. Winston thinks that the 22,000+ contracts between 1600 and 1650 are the true target of The Cartel here and that their ultimate intent may be to drop gold as close to 1600 as possible before expiration at the close of business next Tuesday.

What's interesting about this is how it fits right in line with all of the other "bottom signals" we've been discussing here as of late. A low near $1600 tomorrow or early next week would:

  1. Complete the drop to stout support at 1600
  2. Complete the right shoulder of a massive reverse head-and-shoulder bottom
  3. Bring silver down to 30-31, just like we'd envisioned
  4. Drop gold open interest levels all the back to early January levels
  5. Put the RSI and MACD indicators into deeply oversold territory
  6. Drive sentiment and our new TITS indicator to record low levels. Even Mister Hyde is once again suicidal and ready to simply cash out his IRA before it goes to zero. He'd like to take it in cash and go to Vegas where he can blow the rest on blackjack, Jack Daniel's and hookers.

And don't forget that lease rates have clearly bottomed and have significantly reversed. In September and December of last year, lease rates reversed about two weeks before price.

So, in the end, hang in there. I know it's tough and painful to watch everything go down when you know you are on the right side long-term. But let me assure you: This, too, shall pass. Soon...very soon...the metals will bottom and resume their inexorible march higher. Of this, you can be certain.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  265 Comments

TechTrade Tecumseh · Mar 22, 2012 - 1:40pm

Geez, I hope noone here is misguided enough to pay premium for numismatic coins.

If / when gold / silver get to those levels, nobody is going to pay a premium for those coins.

You'll get bullion value, plus any premium due to shortage of physical, but nothing for numismatic value. Even big gold bugs are telling us that. Has always happened that way at prior peaks. Why pay $3000 for a "rare coin" when you can buy bullion for $1650, and they'll both sell for $5000 / oz at the peak? A waste of premium.

Punk-Assets · Mar 22, 2012 - 1:41pm

Punk Ass did his duty and bought 10 krugs from provident. Fuggit, close enough to a low for me. I saved out enough to buy one more time if it sinks a little further.

· Mar 22, 2012 - 1:53pm

TechTrade, others

I agree about the premium. I have a batch of Morgans. I am tempted to sell them for the premium and purchase junk in their place. I just can't see the premium holding a steady percentage value of the total price if AG moves up nicely. 

theclay3 Doctor J · Mar 22, 2012 - 1:55pm

@ Dr. Jerome

I agree. I have a friend who does the Coin Show circuit buying and selling slabbed Morgans at $90 or $100 on average.

I'll take all I can get of junk Morgans in the mid to high $20's and sell them at $100 when the SHTF.

Anonymous · Mar 22, 2012 - 1:57pm

Removed comment.

tyberious · Mar 22, 2012 - 1:58pm

My friends over at GATA posted an article yesterday critical of the CFTC and the ongoing manipulation of silver. You can find it here: The CFTC has already done all it can about Silver - And Everything Else https://www.gata.org/node/11159 The gist of the article is that the CFTC knows that the silver market (and all other markets) are manipulated but because of the importance of the operations to the US Government they will not do anything about it. GATA is 100% correct. Market Manipulation is being done for "official purposes". The CFTC will not be the ones to stop it and the reason is very simple... If the silver manipulation is ended every single electronic monetary "asset" in the world will suddenly and violently implode erasing the entire Global Monetary System. This is a fact that is inescapable. Without silver price manipulation the mega silver short, JP Morgan, would be vaporized and with them goes $75 Trillion in derivatives that are used to rig the other important markets such as interest rates, currencies, commodities, stocks, bonds...all of it. They are the tool that the US Treasury uses to orchestrate our monetary world from behind the curtain of the Great and Powerful OZ! So in the case of JP Morgan..."Too Big Too Fail" means just that. But in the Road to Roota Theory this "End Game" has been the plan since the very first computer market rigging programs were written and implemented in the early 1970's by Alan Greenspan and his friend John Kemeny. This is the first time in human history that the world has used electronic assets as money and as a store of wealth. We laugh at those who believed in the Dutch "Tulip Bubble" of the 1600's where people invested their entire life savings in tulip bulbs thinking they would get rich. Of course they lost everything when reality hit. What advice would those who lost everything in the 1600's give us today when we tell them that we use electronic blips as our "assets" now? So can we really blame the CFTC for not doing their job? If it were YOU who could stop the manipulation of silver WOULD YOU? Would you pull the plug if it meant every person in the world would lose everything they ever worked and saved for? Tough call but don't fret....it will all end. It just won't be the CFTC that pulls the plug. And remember - when it does end you will be VERY happy you have physical silver in your own possession. May the Road you choose be the Right Road. Bix Weir www.RoadtoRoota.com PS - Tomorrow's Friday Road Trip deals with what WILL force the destruction of our electronic blips and subsequently return us to honest money.

Dr G · Mar 22, 2012 - 1:58pm

My father in law purchases numismatics. Morgan and Peace dollars are his hobby. He loves it. He is constantly trying to get a better graded coin. He isn't doing it to sell them. It's the thrill of the chase for him. Nothing wrong with that.

Some people collect stamps. Some collect cars. Some collect baseball cards. When the SHTF, at least numismatics will be worth their bullion content. That's 100% better than any other collectible hobby.

Stackers buying numismatics for the purpose of stacking are crazy.

Daedalus Mugged · Mar 22, 2012 - 1:58pm

ZH has an article about April silver futures being in backwardation. Rather than the complex answers around why people aren't monetizing the backwardation, the explanation is rather simple.

The MF Global physical silver will be settled at 99% of the April future price. So they crushed the April future price to get that physical metal (a little over a quarter of a million ounces) cheaper. Crushing April becomes very worthwhile to the banks that end up buying the metal (fronted by Jefferies, I seriously doubt they are the ultimate repository, but JPM couldn't afford the negative publicity of being shown as the discount buyer of customer property).

Wizard · Mar 22, 2012 - 1:59pm

 Well to begin with I would know that it is a historical fact that NO fiat currency in the history of man kind has ever survived. Knowing this and being in control of a fiat currency and seeing it's end in sight. I would not care one bit how much of it I printed or easier yet now, just type in little one and zeros and call it money. I would try my best to Lie, Cheat and Pretend to the general population that everything is fine. Nothing to see here, Just move along and enjoy the celebrity controversy of the day. While using that fiat to pay for Troops, Weapons And Bankers to circle the globe and grab up as many objects of real value as I could, Gold,Silver,Oil,Land,Minerals,Water. Either by out right stealing it as is the case in Iraq and Libya's Gold and Oil. Anyone know where the Gold of those two countries went?? One can only guess. Or sending in Bankers to steal it with the power of the Pen. As is the case with Greece.

All Countries as of late have made it their business to try to lay their hands as much material resources as possible. To the point that they are even moving into the South and Mid African continent in the race to secure resources. Along with holding back as much of their own resources as possible. That is what I would do.

Countries are trying to take China to International Court now because they are seriously clamping down on the export of their Rare Earth Metal's. Just one example. If one quietly sits back and thinks about even a handful of the larger events that has taken place in the last few years and put them together, Well........ You get the idea

If I were the one pulling the strings at the top of the EE. The Markets would just be a side show at this point to keep people occupied that still believed they could do well over the long term playing there. Change the rules just often enough to make sure I win, But not so much as to make people want to stop playing. I can't win if they don't play. Keep the rumor mills in high gear and crank them even faster, the closer I got to the end of the fiat run. Manipulate a run up, then run them down so that I could extend the game as long as possible and use my Monopoly Money to still purchase more and more Objects of Real Value at cheaper prices.

And the closer I got to the end, The less I would care about getting caught Lying,cheating and out right stealing. because the legal and political cover that I have been able to purchase with my fiat would provide me a safety net from prosecution. So I would be able to do more and More Horrendous things in full few of the public with out fear of retribution.

Anyways if it were my game of RISK (Remember that one, My favorite as a young boy) That is one way I would play it.

That is one reason, I am Just A Stackerwink

pforth · Mar 22, 2012 - 1:59pm

When exactly is April gold option expiration? Have we past it yet?

Dr G · Mar 22, 2012 - 1:59pm

@Dr J, but didn't you buy those Morgans with a premium associated with them?

If you are taking a hardline stance with it, then you had better ditch all of your coinage except junk.

Bugzy · Mar 22, 2012 - 2:04pm

Oh thank God: Not losing my mind - yes that was the video I was watching and yes I got it confused with the end of the road one. I guess I have so much input in my attempt to find my way out of this alternate reality in which we find ourselves. Sort of perpetual fight or flight syndrome. All starts rolling into one.

Thanks for this site Turd and Turdites. This site is way more than TA for me. Just saved me a fortune in shrink fees today only.

Cheers,

Bugzy

dmanson TF · Mar 22, 2012 - 2:09pm

Turd,

This is very interesting. I remember when the backwardation was happening, but I didn't know much about it and didn't look into it too much. It definitely seemed to have been a turning point that proceeded a huge rally.

Looks like we just might be putting in a bottom before another big rally...

Oh yeah, and thanks for the TITS. (Just had to say it)

Number 47 · Mar 22, 2012 - 2:10pm

I have about 20,000 euro invested in numismatics, it is not stacking per se although all are gold and silver. It is the learning, studying and specialising in an area that makes it an interesting hobby. The returns on these can be remarkable. It's all very well saying premiums will be lost in a price spike. I guess that depends what you call numis.

I own proof gold coins that have mintages of less than 500. There is a market for that because of collectors and investors. I don't expect the market to fail just because the raw material goes up in price, these coins are already struck. Same way the value of a penny black stamp won't fall if the post office reduces the price of a stamp.

Like anything, prices will rise and fall, the key to investing in numis (IMO) is to buy the key dates, let others collect the series, wait till they just need that one coin to complete it. There is your profit.

Of course, if we are talking about maples and ASE and the likes then yes. Waste of time.

OrangeAlert · Mar 22, 2012 - 2:12pm

I'm with you Turd. I've watched long enough to know this is the time to get it. Got me some UGL yesterday. Of course the price went down, but no worries, there will be plenty of upside to be had in the next couple months. Getting out, now that's the trick. Hopefully you cover that in the subscriber threads Turd.

Mickey · Mar 22, 2012 - 2:14pm

anybody know if US taxpayers have to file form 8938 for holding things like CEF GTU PHYS or PSLV?

Odin · Mar 22, 2012 - 2:17pm

Anyone got a guess on when silver hits 50 again? Wouldn't mind seeing a reply of last years run up....this time, of course, get the fuck out at 50....

paulindoon pforth · Mar 22, 2012 - 2:19pm

From: https://news.tradingcharts.com/futures/8/9/175785198.html

Mar 22, 2012 (Dow Jones Commodities News via Comtex) --

Source: CME Group 2012 March 27 Comex April gold options expiry March 27 Comex April copper options expiry March 28 Comex April miNY gold futures last trading March 28 Comex March silver futures last trading day March 28 Comex March copper futures last trading day March 28 Comex April E-mini copper futures last trading day March 28 Nymex March palladium futures last trading day March 29 Comex April E-mini gold futures last trading day March 30 Comex April gold futures first notice day March 30 Comex April copper futures first notice day April 25 Comex May copper options expiry April 25 Comex May silver options expiry April 26 Comex April gold futures last trading day April 26 Comex April copper futures last trading day April 26 Comex April E-micro gold futures last trading day April 26 Comex May E-mini copper futures last trading day April 26 Comex May miNY silver futures last trading day April 26 Nymex April platinum futures last trading day April 27 Comex April silver futures last trading day April 30 Comex May silver futures first notice day April 30 Comex May copper futures first notice day
Odin · Mar 22, 2012 - 2:23pm

But keep in mind that even $42 would represent a 50% ytd return.

boatman · Mar 22, 2012 - 2:24pm

it will not be the time to GTFO

just breath deeply.

https://www.arabianmoney.net/gold-silver/2012/02/03/158-silver-price-tar...

SRSrocco · Mar 22, 2012 - 2:25pm

WE GOT ONE YEAR TOPS BEFORE THE WHOLE SYSTEM DISINTEGRATES

I have been reading a great deal of information in just about all areas on the internet. I just listened to Lindsey Williams interview on Goldseek. Let me say this before I call out Lindsey on several things... I like the guy a great deal. On the other hand, it is hard to listen to his full interview as his information could be told in 10 minutes... not the nearly 1 hour he took to get it out in his last interview.

Willams states that he is TAPPED into the ELITE. I believe him, but I have begun to notice a certain trend taking place on several websites and talk shows. I used to listen to ALEX JONES several years ago. I stopped when I started to realize he did not believe in PEAK OIL whatsoever. Jones invites Williams on his show several times a year. Anyone who listens to Lindsey Williams knows he wrote a book called the ENERGY NON-CRISIS with information from what he calls the BIG OIL FIND on GULL ISLAND located by Prudhoe Bay, Alaska.

THE GULLIBILITY BEHIND GULL ISLAND

Before I get into why I think we got no more than 1 year before the SHTF, let me discuss some of Williams inconsistencies:

1) Williams believes there is 200 years worth of oil to supply the United States in Gull Island

2) The Keystone Pipeline was supposed to go from Alaska to the Gulf of Mexico.

3) There is no ENERGY CRISIS

Gull Island has not been drilled commercially due to the fact that the exploration wells drilled in the 1970's and 1992 revealed that there was only approximately 300-500 million barrels of recoverable crude. Williams believes Gull Island has over 200 years to supply the United States.

First, he says that when they bring Gull Island online, it will supply 2 million barrels a day. If we just take this 2 million barrels a day, and not the total amount of 10 mbd that would be needed to supply ALL OUR CURRENT needs without any imports, it would be the following:

GULL ISLAND = 2 mbd X 365 days = 730 million barrels a year

GULL ISLAND = 730 million barrels X 200 years = 146 billion barrels of reserves

There is no 146 billion barrels of oil in Gull Island. Prudhoe Bay, Alaska had 25 billion barrels of oil in total resources, but only 13 billion are recoverable. So far, 11 billion barrels have been extracted and only 2 billion remain. Prudhoe Bay's peak was 1.5 million barrels a day and now is only supplying 600,000 bd. 

Gull Island is being drilled currently, because IT IS NOW COMMERCIALLY VIABLE to do so with the current higher price of oil.

Williams went on to say that OBAMA is in trouble because he did not allow the Keystone Pipeline to be finished. For some strange reason, Williams thinks the Keystone was to start at Alaska, run across Canada and then come down to the Gulf of Mexico. The Keystone pipeline was never intended to run to Alaska for a connection from Gull Island. The Keystone pipeline was intended to only deliver TAR SANDS oil from Alberta to the U.S. and Gulf of Mexico. How he confuses this makes his credibility doubtful.

Williams focuses our attention on the BOOGYMAN called the New World Order, instead of the real threat to the global economy and that is PEAK OIl.

ALEX JONES & COAST TO COAST AM ARE ANTI-PEAK OIL

I now believe that Alex Jones is a hired DIS-INFORMATION tool. When CoasttoCoastAm was run by Art Bell, he believed in Climate Change as well as Peak Oil. George Noory, who took over for Art Bell, does not believe in Peak Oil. George and Alex always bring on guests that support this ideology. Don't get me wrong, they do bring on guests that give information on Peak Oil, but they are on less frequent. The one guest that I cannot stand is JEROME CORSI who wrote BLACK GOLD STRANGLEHOLD. His commentary on peak oil is so pathetic, I am surprised anyone believes the man.

Anyhow.... Alex Jones and CoasttoCoastAm are the biggest ALTERNATIVE NEWS sources on the radio and internet. What they have done, is to focus the listeners on the BOOGY MAN of the NEW WORLD ORDER and not on the reality of LIMITS TO GROWTH by the Peaking of Global Oil Production. 

People don't realize that when PEAK OIL finally arrives and heads down exponentially lower, the NEW WORLD ORDER folks are OUT OF WORK. Why? Because the largest entities are the ones that suffer the most in a Peak Oil environment. For instance, Wal Mart business model only is possible with cheap and abundant supplies of oil. Wal Mart makes a little bit of profit on millions of goods. When shortages and extremely high prices of oil hit the market, WAL MART's business model disintegrates virtually overnight. Hardly anyone understands this principle. Multiply this by all the huge conglomerates in the world and you see they have the most to LOSE when the world understands PEAK OIL.

WE GOT NO MORE THAN A YEAR BEFORE WE KISS IT GOODBYE

To be able to understand the wisdom that is out in the world, one has to be able to PICK and CHOOSE what information is more based upon good wisdom and that which is merely distractible knowledge. I don't know if anyone has listened ED DAMES (who comes on CoasttoCoastAM), but his last show really slammed the reality across my forehead. I do believe we will have HUGE SOLAR FLARE activity that will take down a great deal of the electric grids across the world. Dames believes that it won't be just one BIG FLARE but a continuous barrage increasing in strength and peaking in 2013.

Dames sounds like a LUNATIC if you don't spend a great deal of time listening to his past work and his projections based on remote viewing. Take or leave it, but this SOLAR FLARE activity is no new thing. Our economy and market is run by technology that is extremely fragile. 

Take a shovel and drop it from your roof and more than likely, nothing will happen to it and you will be able to use it immediately. Take your LAPTOP and do the same thing and you will realize that it is not as STURDY as a shovel. We can't forget that a shovel is also a form of technology....it is just a more simple form of it. Also, a good quality shovel will last decades and maybe a few generations if taken care. A LAPTOP computer becomes outdated or breaks down within 3-6 years.

If we do get these massive SOLAR FLARES and they do take out the Satellites, Cell Phone Towers, Internet, Electric Grid and many other electronics... we head into the DARK AGES in 3 days.... as 3 days is the maximum supply that is contained in the retail stores and warehouses.

When we add all the factors taking place now in FUTURE WAR in IRAN, the DERIVATIVES MONSTER, the PEAKING OF OIL, the MANIPULATION OF MARKETS, and SOLAR FLARE activity... we got 1 year TOPS before it all comes down.

Today is a GREAT TIME to exchange FIAT NOTES for SILVER & GOLD.

pickaxe · Mar 22, 2012 - 2:28pm

Seriously now...

ALEX JONES & COAST TO COAST AM ARE ANTI-PEAK OIL

I now believe that Alex Jones is a hired DIS-INFORMATION tool. When CoasttoCoastAm was run by Art Bell, he believed in Climate Change as well as Peak Oil. George Noory, who took over for Art Bell, does not believe in Peak Oil. George and Alex always bring on guests that support this ideology. Anyhow.... Alex Jones and CoasttoCoastAm are the biggest ALTERNATIVE NEWS sources on the radio and internet. What they have done, is to focus the listeners on the BOOGY MAN of the NEW WORLD ORDER and not on the reality of LIMITS TO GROWTH by the Peaking of Global Oil Production. 

***OH C'mon now! You mean your not believing everything you hear on Coast to Coast AM??? HERETIC!!!***

(My way of saying: Ignore the blather - follow your own common sense)

tpbeta · Mar 22, 2012 - 2:30pm

Silver has been bouncing about between 28 and 34 ever since the September smackdown, with very brief excursions above and below. So I'm not finding this action very exciting, though certainly worth buying a bit of.

The big question you should be asking is - will Bernanke dare to risk overt QE, given that if he does and the Republicans win, it will be curtains for him and the Fed?

I think he probably will, personally. But it's not assured. And without QE3, I think silver will struggle to get past £37

Anonymous Dr G · Mar 22, 2012 - 2:38pm

Removed comment.

tyberious · Mar 22, 2012 - 2:41pm

Lindsey also said that US citizen should only own US government minted coins, LOL, and that they should be minted prior to 1933, lol.

I like Mr Williams, and I think he speaks the truth, as it been told to him, but sometimes he gets off base and discusses things he knows little of.

ivars · Mar 22, 2012 - 2:41pm

One month has passed since posting the previous one. It is also for permanently stationed here:

https://www.tfmetalsreport.com/forum/2814/ivars-charts

Try right click, View image , may be it helps.


Better quality of enlarged picture here:

https://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=1620#p36951

dd · Mar 22, 2012 - 2:45pm

I see the local rag (Globe and Mail - Canada) is running the story about Gold Stocks being in a bear market as compared to gold. You would think that this would be a great buy signal and the writer would let investors get the jump. However they will recommend these stocks at the top - they always do.

DD

Anonymous tyberious · Mar 22, 2012 - 2:49pm

Removed comment.

dmanson Mickey · Mar 22, 2012 - 2:51pm

I also have some questions on this. I started a topic in the forum hoping some others would chime in and give advice. I do not know the answer to your question but I have similar ones.

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