Turd on the Brink of Insanity

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

About the Author

turd [at] tfmetalsreport [dot] com ()


Apr 13, 2012 - 4:13pm

re: printers

Yep, know the feeling.

I bought a refurbed B&W Brother laserjet printer for my mac and got a refillable cartridge and toner from ebay which cut my biz printing costs by at least 2/3s. That was over a year ago. I've since bought a color Brother inkjet and have only had to replace 1/2 the ink cartridges once. I just use that pinter rarely when I must have color. I went Mac 2 years ago. Mac + Brother = best investments I've made for my biz...and my sanity. I have zero patience and for me; a PC + Microsoft + a hammer = Macrosmash.

Apr 13, 2012 - 4:23pm


Some GOOD nickel metal hydride batteries and a charger that can monitor and adjust charge works very well.

I managed to find on ebay some epson ink cartridges for my old printer for less than 1/2 price.

Nothing wrong with supporting your local office shop though if you have large printing jobs to do.

The last 12 hours or so sure make a frown on an hourly gold chart; oh, well, it is Fri. the 13th after all

The US and others have had their share of failed missile tests

Apr 13, 2012 - 4:31pm

@ Dr. G - re Batteries

Dr. G,

You have to buy those button batteries online. Even with shipping you get them for cents per battery. The button ones, or the flat disc ones. I assume they're bringing them in from Asia. They usually come in packs of 10/25/50/100 etc, so they're good for those high drain items like toys or laser pointers. Just search the battery type in ebay.


Apr 13, 2012 - 4:33pm

At least

At least Turd is not the only one on the brink of insanity.

The latest Norcini is along the same lines.

"What more is left to say at this point other than the fact that the hedge fund computers and their damnable algorithms have destroyed the integrity of the US futures markets. The sheer size, extent, ferocity and volatility of the moves that these pestilential computers are creating have rendered these markets basically useless for what they originally came into being for, namely, risk management for commercial entities."


Apr 13, 2012 - 4:35pm

Dr G

Bjs has 6 cr2032 for 9.98 I think. Wooden blocks or rechargeable battery operated Toys next time.

Apr 13, 2012 - 4:37pm

Jim rogers: i'm no longer buying gold

Jim Rogers: I'm no longer buying gold
Friday, April 13, 2012
Text Size:

From The Daily Crux:

Our colleague Frank Curzio, editor of the Small Stock Specialist advisory and host of S&A Investor Radio, recently conducted another "must-listen" interview with legendary investor Jim Rogers.

If you're a fan of Frank's podcasts like we are, you know his interviews are nothing like "cookie-cutter" conversations you see in the mainstream financial media... And this one is no exception.

Jim tells Frank why he's no longer buying gold, why the gold price could be headed much lower, and even explains what could cause him to short gold in the future. Listeners will also get Rogers' latest thoughts on stocks, upcoming elections, China, Europe, and his favorite long and short ideas today.
ActionFive ink
Apr 13, 2012 - 4:38pm

This line worries me


Actually, I was wanting to ask why you waited for today to post this?

ink ActionFive
Apr 13, 2012 - 4:47pm


Actually I noticed it before but today saw another confirmation of that downtrend.

On the other hand you can draw other lines which will confirm an uptrend, depending on the period you wish to highlight. Since i'm not an experienced analyst i worry but do not know what will be the main trend.

Also it seems as if TA hardly plays a role anymore in todays markets. It's all headlines, MOPE, spin, HFT's, faked statistics and so on.

Dr G
Apr 13, 2012 - 4:57pm

About the printers, purely

About the printers, purely anecdotal story: we have a couple of HP all in one fax/scanner/copier/printers in our office. They've all broken down in the past couple of years. I've been buying ink for them on Amazon. Not the generic types, but the actual HP ink. It was expensive, but still MUCH cheaper than BestBuy or Walmart, etc.

Finally our tech guy got us a couple of new Brother printers (which I had never used before). They work like a charm and the ink is at least 1/2 the cost of the HP ink. The largest toner cartridge also does 12,000 copies (whereas the HP one was labeled for 10k). So to the poster that mentioned Brother printers--I agree!!

Dr G
Apr 13, 2012 - 5:05pm

Previously I posted what I

Previously I posted what I suspected the closing marks would be for gold and silver...

"I have a hunch that gold will close today just a couple of bucks under where it was last Friday. Silver will be 6 cents below where it was last Friday.

So what does that give us? About 1658 for gold and 31.63 for silver. "

I recalled that silver was 31.69 close last week, but part of me recalls that it was actually 31.61 (making my guess actually 31.55). Anywho, no big deal.

Final electronic close prices are 1658 and 31.52.

How did I come to those conclusions? Easy, the Cartel likes to cap prices a couple of bucks for gold below where they started the week and a 6-10 cents for silver. I've seen it too many times for it to be coincidence.

So if we don't have any breakout moves next week or if things trade sideways with sell pressure, you can pretty much count on 1650-1655 for gold and 31.20-31.40 for silver on Friday, April 20. Take that to the bank.

Apr 13, 2012 - 5:10pm

In decades gone by, did

In decades gone by, did Central Banks and governments engage in as much propaganda and intervention as they do now? Do y ou think that maybe they think they have the technology and PhD know-how to actually direct the economy wherever they want it to go now? Do the central planners have faith in themselves? Does Bernsnke think he will be fondly admired by economic historians, or does his ego prevent him from considering alternatives? Incidentally I once read about price controls in ancient Rome and Greece, in a book about poverty by Henry Hazlitt. I forget the exact name now and I'm too lazy to look it up. But if I remember corrrectly, the Egyptian authorities tried desperately to control prices and food production, and ended up halving their population. The Romans went after the 'rich' by limiting how much land people could own and taxing people to oblivion, all ostensibly in the interest of helping the poor. The British in the 1800s sometime had the 'poor laws' which gave welfare to people out of work, and eventually it just wasn't worth it for so many able-bodied men to bother trying to find work. Wy work for 10 bucks a week when you can do nothng for 6 bucks a week, and people feed you, and you can relax? I'm pulling the numbers out of thin air, but that's the principle of it. What is shocking, in all of these historical cases of governments stupidly intervening more and more in their economies, trying to take a bigger slice as the pizza is shrinking, is that it takes DECADES for the ship to turn around. Governments are actually willing to let their countries collapse and become sh/@:@;holes rather than admit they were wrong. I still think we have reached a new zenith when it comes to propaganda, spin, intervention and manipulation of markets.

Apr 13, 2012 - 5:16pm


TA is up or down- what is your price?

Weekly still hanging @ 1686.55- needs to come down.

Daily over @ 1629.70

I think they stacked shorts post Tuesdays COT cutoff above 1660.

Time for a weekend of PM trolling!

I Run Bartertown
Apr 13, 2012 - 5:23pm


"Remember that the next president may be choosing up to three supreme court justices..."

That is a horrifying god damn thought no matter which of them wins.

That was just not nice on a beautiful Friday afternoon.

"Why must you lay these troubles on an already troubled mind?"

- Tolkien via Wormtounge

Bah, where are SwS and Fried...now I gotta get high....

Apr 13, 2012 - 5:24pm

Jim Rogers: I'm no longer

Jim Rogers: I'm no longer buying gold. (lying sos) https://www.thedailycrux.com/Article/40037/Jim_Rogers

S Roche 71185208
Apr 13, 2012 - 5:26pm


The answer to that question is the highly acclaimed* book "Lords of Finance" by Liaquat Ahamed (Windmill, 2010).

The sub-title kind of gives it away "1929, The Great Depression and The Bankers Who Broke The World".

Everyone should read it, Ben Bernanke especially.

* 2010 Pulitzer Prize for History, Financial Times/Goldman Sachs Business Book of The Year Award, Spear's Financial History Book of The Year, short-listed for the BBC Samuel Johnson Prize for Non Fiction, "Magisterial" The Observer, "compelling, convincing" Sunday Times, "brilliant" Guardian, "immensely important" The Times, "a major work" Daily Telegraph, "Highly readable, timely" Niall Ferguson, "Superlative" New York Times, "Absorbing and provocative" The Economist, "A great read" George Soros....

Lords of Finance is Mr Ahamed's first book.

ink ActionFive
Apr 13, 2012 - 5:33pm


Actually the only analysis that holds value for me is the notion that i'm overreacting to todays action because it was such a disappointment after yesterdays rise.

I Run Bartertown
Apr 13, 2012 - 5:41pm

DrG and Cpn

DrG - "$18 for those 3 batteries. I got to the baby toy isle and find a similar toy (not the exact one, but we bought it in 2002 so it's been 10 years) for $4.99."

Not to reflect on you, by any means DrG, but there's something symbolic about that and very reflective of our McCulture. May it all crumble, post haste.

Cpn - "Let the righteous anger against the elites and TPTB bubble and simmer to a creamy consistency to prepare for that day when we may need the motivation to do a man's job in this crazy world. I'll say no more."

Cpn, would it it be safe to presume that you've been corrupted? I vaguely remember a much more authority-respecting kind of guy. You sound like Mencken's normal man wanting to "raise up the black flag and begin slitting throats". I'm in.

Fritz SRSrocco
Apr 13, 2012 - 5:45pm

Reply . . . to SRS

By the way, I am a fan of EROI . . . I just realized that the way I referenced it in the subject header may have been misconstrued. This is one of my first posts - please be so kind as to extend me a bit of grace.

In any event, I would argue that it is only the largest behemoth mines and miners (BHP for example has an internal hedge via its oil, gas and coal portions of its operations) will be the winners due to their existing plant and equipment sitting atop very large deposits. I brought up proximity to coal in relation to the Mongolia developments as methods of gasification are finally becoming economic - and certainly will be at $175-$200 oil. This is similar to other industries where serious advancements are taking place but not well known. Take heavy rare earths for instance - the old solvent exchange processes are being subverted by solid phase exchange technologies that will reduce the need for messy, environmentally volatile, non permitible, not to mention increasingly expensive chemicals. So in short, I believe that innovation will lead to softening some of the dreary EROI considerations in SOME areas of the planet. Those areas will bask in the sunlight of economic productivity while other areas will subside into the darkness of night.

York Rite
Apr 13, 2012 - 5:47pm

Dr G

Gold at $1631.10 was last Friday's worldwide close.

Apr 13, 2012 - 5:54pm


Value in notion? Perhaps- hedge from next weeks open.

Apr 13, 2012 - 5:58pm

I think there are a lot of

I think there are a lot of people here on the Brink of Insanity. Turd, you're not alone!

cpnscarlet I Run Bartertown
Apr 13, 2012 - 5:58pm

@IRB - Like I said, "I'll say

@IRB - Like I said, "I'll say no more."

Happy Weekend All -

Some results from the week's work....

I Run Bartertown
Apr 13, 2012 - 6:02pm

Brink of Insanity?

Come on in! The water's fine!

Cpn - That's incredible! Where's the kitty? Classic Turdville.

Apr 13, 2012 - 6:16pm

Insane in the Membrane

Insane in the Membrane - Cypress Hill
Dr G
Apr 13, 2012 - 6:32pm

I rescind my entire last post

I rescind my entire last post about guessing close prices. I was off by $30 on gold. Don't know what I was thinking. I'll blame it on my rough day and old age. Dum-dum.

Forgive me. Hope everybody has a great weekend!

Apr 13, 2012 - 6:50pm

Stop the Insanity!

The only way to stop the insanity is to stop valuing your physical stack according to these bogus fiat prices. I only look at my stack (the stack I had before I left it all in the back of a cab I mean) in terms of ounces and I no longer even bat an eye at these manipulations.

I know it sucks if you have to unload some phyz in order to raise fiat for daily living expenses, so that's why it's best to not do this unless there is absolutely no other alternative.

Next time you look at your stack, try this exercise: instead of saying "Damn, last week/month/year I could have got X number of dollars/euros/yen for it and now I can only get Y", say "WOW, I am fortunate enough to have X ounces! Sometime in the near future, these ounces will enable me and my family to continue to live our lives while the majority around us will be struggling just to put food on the table. I am so glad I had the foresight to sit tight through the ups and downs and stick to my plan!"

You know you are right. Now just sit tight - don't let them shake you out!

Apr 13, 2012 - 6:54pm

Oh My God, get a frickin' grip!

Here's the big headline on MarketWatch this afternoon...

Stocks' worst week of year
Dow, S&P, Nasdaq suffer biggest weekly falls for 2012


The DOW loses a measly 1.6% this week and it's just like a big catastrophe.

Time to call in Bernanke and his clowns to the rescue...

What a bunch of whinny wimps!!

No wonder these guys don't like to invest in gold and silver, they don't have the cahunas to handle the volatility.


And this headline just plainly made me puke:

Time to give J.P. Morgan respect
It may not be a strong buy, or a buy at all, but J.P. Morgan is the bank most likely to emerge as the most stable, quality performer. (First Take)

Apr 13, 2012 - 6:59pm

Thanks for taking my advice,

Thanks for taking my advice, TF! I'm glad to hear it finally coming out.

BUT, I should point out why the nonsensical up-down behavior makes sense. I suppose it's set up to help JPM make money so they can get out of the lowest-priced shorts they inherited and got stuck on the upside with. What may be happening is that JPM is using their current short positions (the ones where they borrow at $33 and up and make the difference down at 31 or below) in order to cover the older shorts that were done when silver was much lower. They have to pay off those shorts. The question remains now, "How long will it be before JPM finally reaches the point where they finally pay off all the old shorts and begin using their current shorts purely for profit?" Here's another question - "Will they be allowed to do that?" This is just like a wave generator used in oceans to make electricity - it doesn't matter which way the paddles are moving, as long they are moving, electricity will be made. Long on the way up, sort on the way down.

If you want to stop comex cold, the public has to be out there buying so much silver that the industrial users have no choice but to queue up at the refiners for supplies, alongside distributors for coin shops. Otherwise, consider it necessary to make military action against all parties involved in this deal, because the government will not stop them. Neither will the courts.


Apr 13, 2012 - 7:25pm

Get your button cells from

Amazon. Usually free shipping. Ordered a batch yesterday for my bore sighter. 10 for $4.75 and free S&H. Big name brand. Da Bunny.

S Roche
Apr 13, 2012 - 7:25pm

With the greatest respect...

to all those emphatically explaining price movements it reminds me of the blind men and the elephant, or B F Skinner's pigeons.


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