Monday/Tuesday Reading/Watching List (updated with charts)

229
Mon, Apr 2, 2012 - 7:21pm

As I've gone through the day today, I've collected a list of articles and videos for you. When you have a few moments, dig in.

Let's start with, potentially, the biggest story of the day. It's not the largest headline but it's a development that may have lasting repercussions:

https://www.goldcore.com/goldcore_blog/brics-bank-rival-world-bank-and-imf-and-challenge-dollar-dominance

And here is the companion piece to that:

https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9180373/Robert-Zoellick-calls-for-Brics-bank.html

Next, the latest from JS Kim at SmartKnowledgeU

https://www.zerohedge.com/contributed/2012-14-02/nine-gold-myths-everyone-needs-understand-survive-global-economic-crisis

Our pal, Jim Quinn, has written another, very interesting article. Here is Part I:

https://www.theburningplatform.com/?p=32217

and here is Part II:

https://www.theburningplatform.com/?p=32480

And so has Jeff Nielson:

https://www.bullionbullscanada.com/gold-commentary/25300-sideways-precious-metals-prices-mean-its-not-too-late

Lastly, this video I found of Jim Grant. Shot in Washington DC last week, Jim takes about an hour to discuss and dissect the Federal Reserve. It's definitely worth your time to watch. WARNING: Jim is a brilliant, but somewhat dry, speaker. Do not watch while driving or operating heavy machinery as the following video is certain to produce drowsiness.

"What Does the Fed Do?" with James Grant -- Ron Paul Fed Lecture Series, Pt 2/3

And that's all for now. TF

9:55 am EDT UPDATE:

Just thought I might tag some updated charts onto this post and then start a new one later today, after the Comex close. On the charts below, you can clearly see the significance of 1680 in gold and 33 in silver. Now you know why those levels are being defended by The Forces of Darkness. Expect this to continue. It is my hope, however, that Comex buying will emerge again today, particularly after the London afternoon fix. Yesterday saw similar action so I'm hopeful that we'll see it again today.This would kick gold above 1680 again and silver would follow, up through 33. We need to consolidate those gains there and then begin to move away. Silver's next target would be 33.50-33.75 and gold would look to move on 1700. Lastly, note that the "smiles" I've been drawing on the 12-hour charts have just about used up their usefulness. Though I still fervently believe that the metals are forming rounded bottoms for this "correction", it appears unlikely that they will rebound as quickly as they sold off. But, since when is that news? It's always "the elevator down but the stairs up".

One last chart today...the S&P. The daily charts I print from the RJO site only show about 4 months worth of data so I've been waiting for this day as I knew the chart would only show price from the late November low until today. It's, frankly, astonishing. When have you ever seen a chart of anything that simply muddles along at a constant pace higher over four months? That this chart is of the S&P, the most-watched stock index in the world, makes it all the more ludicrous. Can anyone please tell me what, fundamentally, has occurred over the past four months to drive this index UP 25%, and in such a linear manner? Anyone? Anyone??? Nope, the perfectly-angled ascent (particularly the Jan-Feb timeframe where the index rose for 29 out of 41 days) is clear evidence of Fed interference and manipulation, all part of the increasingly desperate, ongoing campaign of MOPE and SPIN.

More later today. TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  229 Comments

Strawboss
Apr 2, 2012 - 7:24pm

Let me be the first to say

Let me be the first to say that Jim Grant is definitely someone worth listening to. There is a reason that Ron Paul respects him so much.

Lightning
Apr 2, 2012 - 7:27pm

Two is good

Two works for me.

Larry L
Apr 2, 2012 - 7:32pm

THURD

THURD's not bad. Looks like good reading for this evening.

gatortrader
Apr 2, 2012 - 7:32pm

3

I am Turd today

DaddyO
Apr 2, 2012 - 7:35pm

Fifth....

The Grant piece is excellent!

DaddyO

abguy4
Apr 2, 2012 - 7:38pm

Anybody else watching this ~!???????

We are quitting!...of course....., we take several millions in my..our...pockets....just in case...we leave the mess like a souvenir.....hopefuly the sheep will not go after us!!

The list is now up to 450~!!!! See face book page for individuals;

https://www.facebook.com/MassResignations/app_2374336051

¤
Apr 2, 2012 - 7:50pm

Thanks T-Rex

Nice little bonus thread for today, appreciate it.

107 reads, 1 H/T?

¤
Apr 2, 2012 - 7:51pm

SRS

Thanks...wow!

SRSrocco
Apr 2, 2012 - 7:56pm

REPEAT POST FROM PREVIOUS BLOG...

FALKLAND ISLANDS HAVE LOTS OF OIL IN THEIR WATERS

This is a COPY FROM THE PAST BLOG . After all that work, Turd posted a new Blog...LOL. I just wanted to make sure many people got to see this. This was a reply from someone who asked why doesn't the UK just give the Falkland Islands back to Argentina.

The British don't take over lands unless there is some benefit to them. I would like to remind the reader just how much the Brits have taken over in the Globe.

1) South Africa & other parts of Africa

2) Canada

3) Australia

4) Control most of the assets in South America

5) Controlled India up until the middle of the 1900's

6) Controlled much of North Africa and the oil fields up until 1970's

There are probably more I have not listed, but we must remember, the Brits took South Africa because of the gold there. Almost 50% of all gold ever mined came from South Africa.

Recently, South African gold production has fallen substantially, but this does not change the fact that the British know how to ROB, LOOT and STEAL from other more worthless savages & natives in the world.

This is also true for modern day Falkland Islands:

You can see in the RED OUTLINED AREA are were the Brits are exploring for oil presently. Currently, the reserves are estimated to be between 5-60 billion barrels of oil. I would imagine it will be closer to the 5 than the 60, but this is still a great deal of oil.

The Brits early on found out where the best places to RAPE, PILLAGE and STEAL before even the Americans woke up from their stupor in the early 1900's. This is why the Brits want to keep Falkland Island..... taking RESOURCES that belong to the more INTELLIGENT and WHITE CLASS of BRITS and away from those lousy south americans who don't deserve it (my sarcasm added)

UPDATE ON CITIGROUPS APRIL FOOLS U.S. OIL CHART

The OILDRUM did a great reply and post on this issue in which you can find HERE: Rockman, who is a constant poster at the OILDRUM (and a working and paid oil engineer) stated the following:

ROCKMAN on April 1, 2012 - 10:28pm Permalink | Subthread | Comments top

before in any producing area in the world.

FOR ALL

I just noticed how the Citi graph was incomplete. Doesn’t show the full history of how US liquid hydrocarbon growth has occurred. The Citi graph predicts an increase of about 6 million bopd in the next 10 years or so. Actually the US has experienced such growth before so why not again? From 1940 to 1970 (30 years) US production also increased 6 million bopd. Granted that growth occurred during the time most of the major oil fields in the country were discovered. And of course both WWII and the post war boom added a tad of incentive to the effort.

So I think if Citi’s opinion is that we’ll develop additional production 3X as fast as has ever been seen in our country we should not be critical of their projection. We should acknowledge their courage to predict a growth rate several times greater than ever seen in the history of US development and greater than ever witnessed

Bravo Citi!

Someone else posted a nice graphic that actually SUMS it up even better than Rockman:

If some of you who don't believe in PEAK OIL, spent a little time on the OILDRUM and read not only the posts, but many of the comments by oil engineers and geologists... you may begin to realize why things are going to get very UGLY....soon.

dropout
Apr 2, 2012 - 8:05pm

What Sayeth the Sum Total?

The fundamentals are changing.

They are inexorably getting worse.

So long as the fundos stay the same (fat chance) or worsen (good chance) the precious metals valuations will rise.

Not that gold and silver are 'worth' more, its that the curencies are worth less.

Since the beginning of the year, despite gold and silver price capping by the cartel, the PM's are up against ALL major fiat currencies. Which proves continuing printing and currency devaluation.

All the above posts by Turd have a common denominator ~ the fundos are getting worse. Keep stacking.

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