Wed, May 30, 2012 - 11:34am

It's beginning to look a lot like 2008. Everywhere you go. Selling anything you can find, can ease your liquidity bind. From gold to stocks to crude and the eur-oh.

Wow! Does anyone else have deja vu, all over again? If it isn't nailed down, it's getting thrown out today. We're either at the end of this liquidation cycle/event or we're just at the beginning. Time will tell, I guess. I mean, for crying out loud, look at the euro. It's right at the lows of 2008 and just points away from the lows of early 2010.

Crude, too. Just nasty. Events in the MENA be damned, just sell Mortimer, Sell!

And, of course, this is all spilling over onto the gold and silver servers and motherboards pits. If it has a bid, sell it for pete's sake. While you still can! Regardless that The Great Reset is fast approaching. It's of little consequence that gold and silver will soon be revalued multiples higher. I need cash NOW! Sell Mortimer, SELL!

And, of course, in the background, just whom do you think is buying?? Never forget that for every seller, there is a buyer. Who might that be??

And I hope you're not expecting all of this to calm down anytime soon. Today is the last trading day of the June12 gold contract, also known as First Notice Day. As you've learned, FNDs are almost always DOWN days as The Cartels are wont to dissuade as many as possible from standing for delivery.

And I hope you realize that Friday is another BLSBS day. Surprising that it's on the 1st day of the month. I'd have expected it to be next Friday but it's not. It's this Friday. Two days from now. As you've learned, the metals are almost always sold off prior to and just-following the release of that monthly make-believe.

So, here are your charts. The GOOD NEWS is that buyers continue to emerge near $1535 in gold and near/above $27 in silver. The longer these levels can hold, the more the downward momentum will wane and, eventually, we might break out of the range to the UPside. Additionally, you should note that this is the third, consecutive Tuesday-Wednesday that saw the lows of the week in the early trading hours of Wednesday. Not coincidentally, those lows keep occurring near the $1535 and $27 levels. Let's see if another bounce will develop today.

Just a couple of other items for you today. First, I wonder what that old greaseball Buffett and his pal The Bernank think of this. What a strange new use for an otherwise barbaric and worthless relic (

And this is fun. Part 2 of a 3-part series from our pal Jeff in Canada. (

Lastly, our new buddy John Butler was on RT with The Lovely Lauren yesterday. I would imagine that John found this particular interview to be considerably more stimulating than the one he conducted with me back on Friday.

Alright, that's it for now. Have a fun day but beware the volatility and keep your eyes on the prize. I, for one, am going to post this note and head off to buy some more phyz. This time I'm thinking some 5-oz silver bars. We'll see. More later. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


May 30, 2012 - 11:36am
May 30, 2012 - 11:38am


I try to liquidate some measure of dependency on government everyday, hope to be off the grid very soon.

May 30, 2012 - 11:39am

3 ?

How could it be?

May 30, 2012 - 11:42am

Someone linked this article in the last thread...

...but I can't remember who. So apologies ahead of time, but I wanted to highlight an interesting passage from the article. This information plays into the Gold potentially becoming Tier 1 at some point. The likelihood of this is high, as top quality assets are few and far between these days.

That is a big swing in debt % highlighted in bold below.

The five economies with default swaps trading at less than 100 basis points have a combined $14 trillion in debt, with the U.S. accounting for 75 percent, according to CMA data compiled by Bloomberg as of May 25. A year ago, when there were eight nations, the total was $24 trillion, with America making up 38 percent. German credit-swaps rose to 100 basis points today from 99 basis points last week.

May 30, 2012 - 11:49am


Gold and silver now in green !

May 30, 2012 - 11:50am

Gold hammers

Gold is about to produce 3 hammers may 16, 23rd and today. Everytime it hits that 1530 level it creates a hammer. It just cant rally after the hammer is made.

Dr G
May 30, 2012 - 11:52am

No volume or interest to

No volume or interest to create any rally after a hammer. QE is the only thing that will move it. This is a deflationary episode, a constriction of the monetary supply.

May 30, 2012 - 11:52am


Come on Turd don't be so negative, not everything is down today...

Look at Facebook, it's UP!

May 30, 2012 - 11:52am


Best post in the last thread reminded us of how nice it is to buy physical silver on Tuesdays. Today we get an extension. Stackers are cool, like me.

Have you guys searched YouTube for all the stacker collections? What cracks me up about them is that it takes them 14 minutes to show what they could in 30 seconds! I guess that's when you know there is an unhealthy psychological component. Here are a couple of shorter ones:

Video unavailable
Video unavailable

Zzz...More fun piling up my own and running my hands through it. Not enough to swim through, yet.

P.S. I am going to have to take 'be Furst on TFMR' off of my long-term bucket list. There must be some conspiracy keeping me off the 1st position!

Dr G
May 30, 2012 - 11:53am

Liquidity in

Liquidity in colors (these tiles update automatically, so they may not be all red when you read this post!):





Soft commodities...



And the US dollar...

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

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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

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