Turd on the Brink of Insanity

483
Fri, Apr 13, 2012 - 2:01pm

So, this is how it works in the Age of Lies, Obfuscation & Nonsense.

2/29 - Bernanke testimony. Down go PMs. https://www.tfmetalsreport.com/blog/3465/csi-comex-gold-and-silver-massacre

3/8 - Bernanke buttboy Hilsenrath talks. Up go PMs. https://www.tfmetalsreport.com/blog/3494/whatever-sterilize

3/13 - FOMC minutes no QE. Down go PMs. https://www.tfmetalsreport.com/blog/3520/literally-sick-my-stomach

3/26 - Bernanke talks. Up go PMs. https://www.tfmetalsreport.com/blog/3578/thank-you-mr-ben-bernank

4/3 - FOMC minutes again. Down go PMs. https://www.tfmetalsreport.com/blog/3615/schizo

4/11-12 - More talk of QE from Bernanke, Yellen and Dudley. Up go PMs. https://www.tfmetalsreport.com/blog/3654/sack-nonsense-redux

4/13 - Bernanke talks. Down go PMs. https://www.zerohedge.com/news/no-hints-qe-latest-bernanke-word-cloud

Absolutely ridiculous and comical nonsense. NO ONE should be attempting to trade gold and/or silver futures on the Comex. The WOPRs and The Cartel are completely in charge and every mutterance and headline sends a cascade of HFT orders based solely upon phraseology and syntax. THIS IS MADNESS! In the end, the fiat price of true money is left to shift in the wind, regardless of the underlying fundamentals. Therefore, THE ONLY ONES WITH A CHANCE are the regulars in Andy's Army. EVERYONE ELSE must avoid day trading at all costs. THE ONLY OPTION is to buy physical metal on paper metal dips and TAKE DELIVERY.

Have a nice weekend. TF

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turd [at] tfmetalsreport [dot] com ()

  483 Comments

Excalibur
Apr 14, 2012 - 2:58am

Manipulation?

Block trades are privately negotiated transactions that are conducted outside the normal pit or via computer-based trading systems used by exchanges.

​“There are rules that prohibit that in the pit, but you can circumvent the pit” in a block trade, Chierici said. “I believe they wanted to make the point that the system is not fair.”

Sounds familiar? Manipulation? Surely not, just working on behalf of a client.

This is good news for us. The Masters (ha) of the Universe are are slowly being revealed as the cheats, liars and thieves that we know they are.

https://www.bloomberg.com/news/2012-04-13/traders-walk-out-of-cme-eurodollar-pit-to-protest-trade.html

Excalibur
Apr 14, 2012 - 4:53am

Ivars Bottom

At my LCS is a

and a

That I would really like to add to my little collection, but I think it is highly likely that there will be a major dip again. In a collapse, if large entities are faced with either bankruptcy or selling gold assets, it will be sell sell sell. Even if that is the wrong long term policy, they will be forced to. Liquidity will be king. We saw this in the last crisis.

So I am with Ivars on this one, and will keep significant dry powder. Once the rush to dollars is seen as an illusion of safety as spigots are opened, then gold will fly.

But when it does, will I be able to get these beauties? A have a few coins that I have for their aesthetics, but most are run of the mill sovs. So perhaps I should see these coins as works of art with a limited edition print, knowing they will be difficult to get in the future and that I would never sell. I think I have just convinced myself.

Stratajema
Apr 14, 2012 - 5:13am

Nice capitulation

Turd, nice to see you capitulating in paper silver. Better to be early to that capitulation than a late comer because the late comers will be staring at $24 and mumbling about the need for razor blades. I am not even sure $24 will be the bottom by the end of this summer.

As more people capitulate on paper silver, then the registered silver at the Crimex will decrease even more. Then the great unwashed will claim it is a silver shortage! ha ha

The down draft in price will be completed when people curse at silver and gentleman Sprott. Why just look at all the gamblers in Sprott's PSLV who bought above $13 and need to be flushed out of their positions:

https://finance.yahoo.com/echarts?s=PSLV+Interactive#symbol=pslv;range=2...

With that chart action Sprott is going to have a harder time finding money for his next big purchase. It's lousy advice to buy silver on the dips THIS year. What is a dip in price? $2 or $3? I will buy it on plunges deep into the $20's.

ClinkinKY Excalibur
Apr 14, 2012 - 5:16am

@ Excalibur

Obviously, your LCS's 1933 St Gaudens is a replica of the real McCoy or the proprietor would be in court right now trying to maintain possession of same:) https://www.southgatecoins.com/news-articles/court-rules-family-cant-own-10-rare-1933-20-gold-st-gaudens-coins What does a replica of the world's rarest coin go for these days?

ClinkinKY
Apr 14, 2012 - 5:20am
S Roche
Apr 14, 2012 - 5:28am
Excalibur
Apr 14, 2012 - 5:41am

ClinkinKY

Good spot. I couldn't get the pic of the actual St Gaudens for sale, which is a 1928. Got the pic from a library. Hadn't noticed it was 1933. I got excited for a moment there!

ClinkinKY Excalibur
Apr 14, 2012 - 5:51am

@ Excalibur

All St Gaudens are beautiful. It's just that a 1933 is the "most beautiful":) Hope you get the 1928.

Excalibur
Apr 14, 2012 - 5:56am

St Gaudens

The 1928 is 5.5% over spot.

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