Our Weekend Homework - "Rollover"

Fri, Jun 1, 2012 - 5:02pm

To prepare for what will, most assuredly, be a wild week ahead, there is nothing quite as relaxing as some cinematic entertainment to help your minds off of things. NOT!

I only first heard of the 1981 movie, "Rollover", a few weeks ago. On page 96 of his great book "The Golden Revolution", John Butler discusses how the events depicted in this film could easily transpire today. In the film, global liquidity vanishes when the Saudis begin moving reserves out of dollars and into gold due to fears of a dollar collapse. Obviously, the plot is a bit dated but the premise is still real. Here's the wiki page for the film: https://en.wikipedia.org/wiki/Rollover_(film)

Substitute the Saudis for the Russians or the Chinese. Better yet, don't even imagine a sovereign boogeyman. Simply imagine a global liquidity event/meltdown like 2008 or, potentially, 2012.

First, if you haven't yet, please page through this presentation by the hedge fund manager Raoul Pal. If you don't think it sounds plausible, you haven't been paying attention recently.

The End Game

Now, watch this brief compilation that intermingles parts of Rollover with actual news footage from 2008.

Rollover 1981... world economic collapse

Getting nervous yet? Me, too. Now, I urge you to take some time and watch the entire film here. Maybe make some popcorn. Kick back, relax and prepare to be seriously unnerved.

Video unavailable

About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 1, 2012 - 5:05pm

FB Done

Stick a fork in it. Ag rules.

And... FIRST.

Jun 1, 2012 - 5:05pm



Jun 1, 2012 - 5:12pm

Número tres?

Tal vez...

Jun 1, 2012 - 5:15pm


Looks like the gold does glisten at least for the day thanks Turd

ahh sooooooo close

lets hope for a run on gold so they find that all the gold is supposed to be in the banks are missing

Jun 1, 2012 - 5:19pm

weighing in on comments

never been this high up on the board silver and fb are very close..... neck and neck ..........

Jun 1, 2012 - 5:23pm

Not sure if I believe were

Not sure if I believe were going to get QE without another Hammer Drop...

Jun 1, 2012 - 5:24pm

too Late

is it too late to liquidate my 401k?

Jun 1, 2012 - 5:24pm

GLD creation and redemption

Dear gold and silverbugs,

I wrote about a week ago (https://www.tfmetalsreport.com/comment/97090#comment-97090) that

I am not sure it was pointed out that GLD lost 1.3% of its inventory on Tuesday (just over 15 tonnes). On Thursday the week before, JPM had quoted a negative 1-month GOFO on Bloomberg. So this looks like some significant allocation of physical gold has taken place.

If history is any guide, some central bank(s) will now go long paper gold in order to lift the price and reduce the outflow of physical gold. The last time we had this configuration (end of Dec 2011), this was good for an increase in the paper price of gold from $1550 to $1780.

If you are interested in more details on how the inventory of GLD correlates with future gold prices, please see


In case you have heard someone claim that GLD did not have any gold, you can think about why the trading strategy is effective. This is basically a confirmation that GLD does have the gold they claim (as is the fax from HSBC that Screwtape intercepted).



Jun 1, 2012 - 5:24pm

No Credits?

No kudos for the good Cpn' bringing this (Rollover at Santa's site) up first?

Jun 1, 2012 - 5:30pm

Mike Kosares: Central banks

Mike Kosares: Central banks have made a thousand-tonne yearly switch on gold https://www.gata.org/node/11434

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