Succumbing to The Trolls

247
239
Wed, May 2, 2012 - 10:16am

Fine. You win. I've been wrong, all along.

The global gold market is free, fair and honest.

The Comex futures market is a true, fair and perfect price discovery vehicle.

There is no demand for physical gold and/or silver in size. All of this talk about sovereign nation and central bank buying is simply a tool used to manipulate price higher.

The Federal Reserve never has, and never will, intervene in gold to manipulate and suppress price.

The bullion banks simply engage in selling forward for their mining clients.

Gold really is a barbarous relic of another time.

Fiat currency is wonderful because limitless money creation spreads wealth globally.

The Chinese are fools who mindlessly continue to accumulate dollars with no alternative but to reinvest those dollars into U.S. treasuries.

Same for the Russians.

And the Saudis.

And the Japanese.

Paul Krugman is a genius.

So is Nouriel Roubini.

So is Jeff Christian.

So is Jon Nadler.

The total debt level of the U.S. is manageable and not a problem, at all.

Economic growth will soon return the U.S. to peace and prosperity while allowing for the service of the accumulated national debt.

Barack Obama is the most intelligent and supremely qualified Chief Executive that the United States has ever had.

TARP was extraordinarily successful and actually turned a profit for the American people.

Deficits don't matter.

Money printing and quantitative easing is perfectly fine so long as the velocity of money remains low and the printing is nothing more than balances being shifted within Primary Dealer accounts.

Transfer programs such as Social Security and Medicare are fully-funded and will always be there to provide a safety net for the elderly, the poor and the disabled.

The Federal Reserve never has, and never will, intervene in the equity, treasury and/or currency markets.

Ben Bernanke is an Einstein-level genius. We are very fortunate to have him as Fed Chairman at this critical point in history.

Silver is simply an industrial metal. Always has been, always will be.

As a byproduct of mining for other base metals, the amount of silver is infinite.

Those hoarding silver are mindless robots, fooled by internet charlatans.

Jim Sinclair is a disinformation double-agent of the Rothschild family.

Trader Dan is a mindless pumper whose sole motive is personal gain.

Andrew Maguire is a figment of Bill Murphy's overactive imagination.

Ted Butler, Jim Willie and John Williams are scam artists who dupe the easily-frightened into paying for their over-priced and worthless analysis.

FOFOA, Keiser, VonGreyerz, Hoffman, Krieger, Embry, Russell, Pento, Schiff, Rickards, Celente, Rule, Fleckenstein, Faber, Quinn, Nielson, Naylor-Leyland, Turk, Martenson, Lira. All of them are nothing but 21st century snake-oil salesmen.

GLD is 100% backed by gold and it's custodian has no conflicts of interest.

SLV is 100% backed by silver and it's custodian has no conflicts of interest.

PSLV and PHYS are empty shell con games created and marketed to extract hefty NAV premiums from dupes.

Eric Sprott should be extradited to the U.S. on criminal front-running and book-pumping charges.

Mining stocks, in general, have been in a bear market since 2009 because the fundamentals are lousy.

The LBMA is a distinguished group of member firms which actively promote fair and free pricing of metal.

JPMorgan is a benevolent organization which only performs necessary investment banking services for their clients.

Goldman Sachs, Deutsche Bank, UBS, HSBC et al are similar, honest companies.

High-frequency trading helps in price discovery and provides liquidity.

The CME Group is a dispassionate facilitator of markets and clearing which stands ready to eliminate fraud and protect investors.

The CFTC is an objective and honest U.S. government agency which regulates the futures markets, always on the lookout for fraud and manipulation so that the regular investor and/or hedger can have confidence in a fair and level playing field.

Lastly, Turd Ferguson is a pseudonym used by George Clooney who, in between making millions of dollars in movies and bedding every hot chick in Hollywood, makes the time to write a daily metals blog, intent upon misleading and fooling as many folks as possible into investing in gold and silver.

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  247 Comments

bellyacre
May 2, 2012 - 10:19am

First

First ?????

Hrunner
May 2, 2012 - 10:20am

Secundo

How can it be? Darn! Ok, 2nd and I'll try harder

qussl3
May 2, 2012 - 10:21am

Bullish!

If the Turd throws in the towel (snark aside), we can't be far from a bottom ;)

ewok
May 2, 2012 - 10:21am

whoa.

whoa.

meegoreng1
May 2, 2012 - 10:23am

One more,,,

Voting for Romney will help get rid of Obama and his policies!

FriendOfTheDevil
May 2, 2012 - 10:27am

pointless

yay

... Just wanted to stay with the theme of this thread ; )

is this all because Ruler died? I know a close loss can be tough, and things of such grave nature can make any man say or do anything irrational ... Stay strong

Excalibur
May 2, 2012 - 10:28am

I had my suspicions 

I had my suspicions (the golden hat foundation is the give away).

Xeno
May 2, 2012 - 10:30am

Great Rant TF

If anyone believes an iota of what Turd posted, they are a verified idiot.

I think you forgot one TF, Americans actually have freedom and/or freedom of choice.

A JPM strongman is just outside the door, I'm told I have to be quiet now.

Urban Roman
May 2, 2012 - 10:31am

It's a barbarous relic!

Barbarous. Relic.

It's a barbarous relic. Throw it in the nearest dumpster at once.

Or send it to me, I'll safely dispose of it for you *hee hee*

And on another topic, Xty, you wanna come over and help me with my laundry?

¤
May 2, 2012 - 10:31am
Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Recent Comments

Forum Discussion

by Green Lantern, Oct 16, 2019 - 9:53pm
by zman, Oct 16, 2019 - 8:51pm
by NW VIEW, Oct 16, 2019 - 7:31pm
by ancientmoney, Oct 16, 2019 - 5:23pm
randomness