The Army Advances

301
Sat, Jun 30, 2012 - 11:19am

Turd's Army, led by Brigadier General Andrew Maguire, made significant advances against enemy positions in June.

Keep in mind how this works. As a member of Andy's service, "DayTrades", you get to follow along to see where and when Andy puts on positions throughout the trading day. Two important items:

  1. The bulk of this trading takes place during London market hours.
  2. The service has just recently made a significant upgrade to their server speeds. This will allow members to see Andy's moves almost instantaneously.

For example, here's a snippet of yesterday's feed:

08:53:14 andy: stops seen on the last test of the high, I am buying one lot of Gold here
08:53:28 andy: 1593.60
08:53:46 andy: target 1598
08:55:28 andy: taking profit here at market
08:55:33 andy: 1597
08:55:40 andy: closing stop
08:56:39 andy: may see some fix painting shortly so a pull back to 1589 would be a likely entry
09:02:47 andy: 1602 saw strong defence/ resistance but the stops above would expose stops to 1618/20,possibly see a pull back first , in the next hour..
10:11:58 andy: I am selling one lot of Gold here 1598.90 stop 1599.30
10:12:37 andy: target 1595.20
10:13:31 andy: this is a speculative A/R pivot so tight stop
10:20:02 andy: stopped

Below is a chart of the cumulative performance of "The Army" since inception back in April.

Month Perf  Cum. Perf.
Apr 12 $2,810 $2,810
May 12 $5,590 $8,400
Jun 12 $7,570 $16,070

And here is the day-to-day breakdown for June:

Cumulative Performance for June 2012: $7,570
* P/L based upon each lot consisting of a ONE contract of each vehicle.
Date Gold Silver P/L *
June 1st $2,830 - $2,830
June 2nd - - -
June 3rd - - -
June 4th - - -
June 5th - - -
June 6th $170 - $170
June 7th $200 - $200
June 8th $280 - $280
June 9th - - -
June 10th - - -
June 11th $420 - $420
June 12th $380 - $380
June 13th $190 - $190
June 14th $490 - $490
June 15th $200 - $200
June 16th - - -
June 17th - - -
June 18th -$10 - -$10
June 19th $320 - $320
June 20th $490 - $490
June 21st $630 - $630
June 22nd -$10 - -$10
June 23rd - - -
June 24th - - -
June 25th -$20 - -$20
June 26th $250 - $250
June 27th $200 - $200
June 28th - - -
June 29th $360 - -
June 30th - - -
TOTAL $7,570

What this shows is that a trader who followed Andy's trades exactly (Which, admittedly, can be a little challenging sometimes. You have to be committed and paying attention.) is up $16,070 over the past 2.5 months. And this is only trading one contract, every single time. And this is also in an extremely challenging market environment. After fees and less whatever commission you pay your broker, the member is probably up at least 13Gs. Not too shabby. That's eight, shiny and sparkly gold eagles in your safe to help you survive the coming onslaught.

If you're an experienced trader and you'd like to learn more about this program, I'd refer you back to the original podcast announcing the service. It can be found here: https://www.tfmetalsreport.com/podcast/3621/tfmr-podcast-16-special-announcement-andrew-maguire. If you'd like to register for the service, simply click this link and complete the form: https://www.coghlancapital.com/daytrades-application?ak=turd_army. Again, the first calendar month is just $100. After that, the fee is $500 per calendar month but, as you can see, the performance can quite easily pay for itself.

One other thing that members receive is Andy's weekly commentary. There are a lot of big-dollar individuals worldwide who subscribe to Andy's services simply to receive these updates. As a Turd Army regular, you get to see them, too. There is no one on the face of the planet more qualified to charge for precious metal commentary than Andy. As a 30-year veteran of London gold and silver trading, he has an extensive list of contacts and clients as well as a depth of knowledge and experience that is unmatched. If you want to know what is really going on, Andy will tell you every weekend when he posts his commentary.

Andy has granted me permission to copy-and-paste an excerpt from last weekend's commentary. Here he addresses the hubbub surrounding the "London Trader" story of June 8. ( https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_London_Trader_-_Staggering_515_Tons_of_Gold_Sold_in_4_Hours.html) This is the type of valuable information that members receive every weekend.

MetalsTrades Commentary - June 24th 2012
I will start by answering some excellent, member questions….
…“I came across this article yesterday, claiming the 515 metric tons dumped in the market place per "The London Trader", did not happen as they were unable to see it on the open interest. Would appreciate Andrew’s input and rebuttal.”
Regards…

This is a good question and considering COT inspired waterfall selloff events usually follow a similar pattern, it is worth taking the time to follow the footprints through this specific event. This dissection will be helpful for a lot of members as this is a common and very profitable ongoing COT, (Bullion Bank), MO and should help clear up a lot of confusion amongst market participants regarding the relationship between the Comex vs. the OTC spot and physical markets.
This blogger expresses a healthy skepticism, is well measured and rational but makes a few commonly held false assumptions that I will seek to address. I will start by pasting the relevant sections directly from the blog…
………”He does not define the term “paper gold” but we can assume he means either London gold Forwards or COMEX gold Futures. This seems to be confirmed by his remark that the anonymous “Eastern buyers” will “patiently convert” their “paper gold” to “physical in the coming weeks.” I assume this means that they will stand for delivery of their contracts”…..


My response to this is No. Sovereign, CB and physical buyers in size do not buy paper gold contracts on the Comex; this refers to spot indexing in the OTC spot market in London. This is a classic case of the Comex tail wagging the much larger spot dog. Due to both leverage and the timed deployment of established and verifiable concentrated short Bullion bank COT positioning in the Comex paper market, the price of bullion is concurrently set in the spot market. This by default enables those seeking allocation of physical in size to take advantage of the resulting discounted spot prices and lock in spot purchases on intraday/month dips in the size they wish to take delivery of at an upcoming fix. This spot indexing transaction is simply an FX currency trade where the purchaser of physical is going long gold and short USD/ EUR etc., locking in the price of gold vs. that currency. Once spot XAU/ USD, XAU/EUR etc. has been purchased, the currency price for the size of allocation sought is locked in no matter how high the price of gold may rise to on the date the spot currency purchase is cashed in for physical at a bullion bank, producer or refiner etc. at that chosen days gold fix price.
Then…...” I also assume that he is not referring to naked, leveraged longs that are forced to liquidate as the price falls, due to margin calls. He explicitly said it was “the bullion banks” doing the selling of these 515 metric tons.

Let’s look at the numbers. 515 metric tons equals 16,557,634.5 troy ounces. Rounding to the nearest 100-ounce COMEX contract, this adds up to 165,576 contracts. 165,576 new contracts were dumped onto the market on June 7, according to the London Gold Trader…...”

In response, here is where a walkthrough of the event would be helpful….1st to the bones of the discussion.


There were indeed 165,555 GCQ contracts sold during the 4 hours in question, as described in the MT post in real time on the day it occurred. The selling emanated from a bullion bank and was initially instigated in the pit about 1 hour ahead of Bernanke’s speech. Although one might expect some last minute squaring/positioning ahead of pivotal news it in not normal to see short selling/new supply commence in size so far ahead of such a price moving event. With initial selling stemming out of the pit in noticeably large tranches, and as reported to me by my contacts from a name associated with a large bullion bank, this also had the intended effect of telegraphing sell intent to the locals.

Even with that information set aside, what the blogger is missing here is that almost all these contracts were subsequently covered by the bullion bank into the days pit close thereby not showing up in the closing OI #.This is a standard MO. Through concentration, creating sufficient new supply at commonly watched pivots in a very short period of time to swamp any bids distorting true supply demand fundamentals, then once the momentum is turned down, to buy back all originating short positions into freshly pitched longs and a whole array of freshly invited new shorts.

Obviously, there is always a long for every short etc. but nevertheless the equivalent of 515 tons of paper gold was sold that would not have been sold had the bullion banks not used the power of their concentration to create sufficient supply to instigate and then game carefully orchestrated air pockets for the market to do the rest of the heavy lifting. This resulted in a stair step transference of COT shorts and was conducted at the expense of, (MM, spec’s and techs), initially by tripping longs stops, then drawing in fresh short supply on the breach of very obvious technical supports. (In this case with volume through the well watched 50 & 10 DMA’s).

These progressive breaches activated stair step knee jerk momentum selling and flipped the always present ‘neutral algo’s’, (as dissected in a prior MT commentary), over to a sell side bias. Guess who was on the other side of those trades profitably buying back the newly instigated supply? The daily downward move was then consolidated with a bearish close just below the 10DMA. (Bear in mind long or short stops are clearly visible to the 2 COT bullion banks identified in the OCC reports, concurrently holding the book on over 97% of all OTC gold and silver derivatives, a market 10 times the size of the Comex. These 2 COT banks also maintain concentrated short controlling positions in the futures markets).

Now, breaking down the footprints in more detail….

Preceding the pit selling, obvious spoofing was seen which given the signature footprints had to be from a COT algo and foreshadowed mal intent. If you recall from the MT post, we saw a very strong showing at the PM fix with large allocation sought in size, yet into the fix, we saw a block order of 10,000 GCQ contracts hitting all the bids for an $8 drop ahead of the fix followed by 35,000 contracts hitting all the bids for another $20 followed by a small $5 rise into the pit close where we saw large allocation sought at 1606. At this point, some short covering was seen, looking like a bottom likely drawing in some new longs, followed by another 30K selling tranche followed by the residuals over the remaining couple of hours. There was an obvious round off of short covering of around 50K seen into the pit close. This exercise resulted in an extremely profitable trade which also opened a window to repay/rebuy some previously underwater gold leases here in London. I am very close to the physical market here and am almost certain this was the case.

Obviously, aside from my observations and sources, I verified my information with both a trusted pit contact and traders here in London; also independently I saw this from an individual who I respect, Jesse, who appears to have concluded similar observations.
Jesse comments 08 June … “One has to consider information such as this as input to be compared to other things, since we cannot directly view what the unidentified source is specifically seeing.
However, having watched the tape in real time and looked at the changes in Open Interest, it seems to be a credible description of what happened.
It also tracks closely with my own view of the game which we are in…”


I hope my sharing this with you has been helpful.

Once again, if you are an experienced trader, I urge you to consider this service. The goal is to profit by trading along and against The Cartels and then convert each monthly gain into physical metal, thereby decreasing their available supply. If we only have a handful of members, the physical effect is negligible. However, if we can get a couple hundred folks working this program...well, then maybe we could have an impact. Regardless of that, in the end, members of The Army will be consistently adding to their stacks of physical, and there's certainly nothing wrong with that.

Have a great weekend!

TF

About the Author

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

  301 Comments

NW VIEW
Jun 30, 2012 - 10:16pm

HOLD ON A MOMENT- THERE ARE OTHER VIEWS

I have read the interesting posts all weekend on the Mayan Calendar and all the related items. The net is filled with all kinds of concepts on Mayan, Zohars 112th pope, David Flynn and alien crop circles, major changes coming on Dec. 21st etc. There are a boat load of experts and very smart people who are giving their expert opinions on these and many other end times dates and events. There is a mind set, a behind the scenes force, that is guiding mankind along this pathway. It seems that most of the modern world is caught up into this mind set.

However, there is also a biblical calendar which also has dates and events set. These dates are the important world changing times and seasons but only a handful will study the truth.

The EE and all that goes with them do not ever give mankind a way to prepare for the changes coming on the earth. We have a well known cult in our area telling their disciples to build underground concrete homes to be saved and keep from the lizard men. What real lasting program do any of these seers have?? It is easy to believe a lie but most will never come to the Truth. In time, the people will have a new world filled with Peace but it will be the Prince of Peace that is ruling it for those who were truly prepared.

I will post a biblical calendar video and one can scroll down to Gavin Finley's presentation to see a different view of events. jmo

https://endtimepilgrim.org/fallfeasts.htm

bam TomMack
Jun 30, 2012 - 10:16pm

@Tommack

No one's integrity is beyond reproach or question. That sort of thinking significantly contributed to all this financial mess. No one thinks/thought to question those in charge.

Now it certainly can be argued that you've got to question in an appropriate fashion (language/politeness).

bam Bugzy
Jun 30, 2012 - 10:21pm

@bugzy

>ven though I believe I have already covered every possible move on this chess board, I may be wrong and I crave someone who can demonstrate to me why I might be.

Completely philosophical here, but I'd argue that this viewpoint is not entirely accurate. That is because the game (and the rules) are always changing and only limited by human imagination. There are many possibilities that are yet unconsidered. Now you may be doing the best with the information that you (we all) have, but that does not mean you've covered every move. At any rate, you are doing the right thing by always challenging your status quo.

Completely bored on a Saturday night here, as you can probably tell. 

TomMack bam
Jun 30, 2012 - 10:37pm

@bam

i followed turd since his ZHedge posting days probably over 2 years (i wouldn't mind seeing a turd post there for old time sake). i think i have a pretty good sample of work to comment. plenty here disagree with turd with civilized comments using data/facts. it is all good imo

Magpie
Jun 30, 2012 - 10:47pm

Did anyone take the test Peckerwood linked to?

If so, I think it would be interesting to know which box each of you landed in.

I ended up in the same box as Milton Friedman, but closer to the "Anarchist" line than him. Looks like Peckerwood and I would be at loggerheads on lots of issues, considering Romney and Obama are his neighbors. surprise

Bugzy
Jun 30, 2012 - 10:52pm

@bam

Yes - I will go with that - a chess game suggests a set of known rules.

The game we are in appears to have few rules. What if........? is an exercise in how far one can stretch the imagination.

A simple on would be: What if ALL banking transactions were stopped tomorrow - then what?

Gold Money - Bullion Vault etc are locked up. Would precious at home be useful? Probably not - yes you could trade them for food - no way! - I will be keeping all my food as you cannot buy it in the stores. Who would trade food in this case?

What if Gold was taxed @ 99% - oh that is easy - you would just push it underground - yes but all official Gold channels would be as good as closed. Who would buy such a liability? What will you be given for it. Paper money? No.....Food? No - if you are short of food, so is everyone else.

What if............... and on and on.

B

Anonymous Magpie
Jun 30, 2012 - 10:56pm

Removed comment

Removed comment.

Gold Kiwi cpnscarlet
Jun 30, 2012 - 11:15pm

@cpnscarlet

In case you missed it, the damage has already been done. With the threat of sanctions hanging over them, China went ahead and negotiated agreements with a half dozen or so of its major trading partners to trade in yuan rather than US dollars. It doesn't matter that the threat of sanctions has now been lifted; those trade relationships will now bypass the US dollar.

Magpie
Jun 30, 2012 - 11:18pm

@Peckerwood

glad to know we're know we're both in the same playpen.....I was a bit shocked when you said that. Something to be said about NO world leaders in that box, eh?

Personal Declaration of Secession

I Hereby Secede
sixdollarsilver
Jun 30, 2012 - 11:24pm

This would usually be a bit happy clappy for me

But hey, it's Sunday and my little boy's first birthday...

Seems appropriate

Bugzy
Jun 30, 2012 - 11:25pm

Snort

More libertarian than Gandhi - edging dangerously close to Anarchy. Bit more to Centre than Gandhi too. I though I was a little more right wing but it put me in the left wing box (Just).Good fun.

Thanks Peckerwood.

I am still reading lots of personal attacks peeps - reminds me of a school playground. I know we are much better than that - I believe in you!yes

Dagney Taggart Really-
Jun 30, 2012 - 11:30pm

@Really

I don't need any man to defend me. Especially from someone with the sense of humor of a liberal parasite, stinks like shill, doesn't read much, and distracts easily. I'll help you with these problems. Enjoy and get back to us.

https://www.tfmetalsreport.com/comment/106964#comment-106964

Oh and I almost forgot: Your comment adds SO much to the PM dialogue. Good job.

OK, back to the weekend.

PS. I joined the forum recently mainly because I was tired of hearing "so many men whining like little girls" who probably have no business having PMs to begin with. I wasn't expecting one of them to attempt to open his mouth to me so soon.

PPS. Use the "ignore user" button if I "offend" you.

Dagney Taggart Bugzy
Jun 30, 2012 - 11:34pm

@Bugzy Re: Personal Attacks

The emotions of capitulation. Thanks for not "defending" me.

kingboo
Jun 30, 2012 - 11:40pm
Magpie
Jun 30, 2012 - 11:45pm

@$6silver

Congrats on the baby birthday! Enjoy it while you can. Sooner than you think, you'll be sitting across the table tipping a beer with a forty-year-old man. He might be bald, with a bit of a belly, but hopefully he won't still be smashing his birthday cake into his face. The time goes by way too fast.

Loved the poster, except it left out taking care of kitties, too! indecision

Bugzy
Jun 30, 2012 - 11:45pm

Dags

I owe you nothing and you owe me nothing. That is the way it will always be. 

B

Anonymous
Jun 30, 2012 - 11:53pm

Removed comment

Removed comment.

Planters
Jun 30, 2012 - 11:54pm

Allright , everyone's in

Allright , everyone's in another pissing contest again ! Even the women are joining in this time. Is this a first in Turdville? Some people take this place way to seriously, Turd hosts a good forum and is branching it out to get some. I don't understand why everyone either 1) tries to knock him down any chance they get or 2) idolize him and take fanboi to a new level.

This site is unique to what it offers and I enjoy more over the member contributions and quick news flashes here. With that said, I don't know about any conspiracy theories and I don't have the time or imagination to get researching on one. However, after reading here for awhile I just follow along the Gold - Silver Manipulation Soap Opera. Turd truly believes that the CoT Reports are painting a picture of what he believes is CCC/Bullion Bank etc. leaving their short positions. From what I gather he believes that by the end of the summer they will be OUT of their shorts and Boom goes the Dynamite. ---- Time will tell, he put himself out there on this one.

Now if you going to buy bullion and drop some loot Do Your Own Due Diligence. Turd is advertising his new action, obviously he is trying to make some money for efforts with The Army and TTM but you know.. it isnt for me.. BUT I am not knocking him on it , I wish him well on his ventures. Everyone should just be cool.Too much of one idea isn't good for anyone, I welcome all the nay sayers and different viewpoints. If we all drank the Kool-Aid what is the point of reading and posting ?

Turd, I think this site is fun, informative, speculative, and fantastical all at the same time. Where else can you get a podcast that wraps up Gold Manip, Macro Economics, JFK Assination , all in one. 

Ok, I'm going to bed now and FWIW I just ate 4 Oero Cookies and drank a nice cold glass of milk, I highly recommend it... it is sooo choice.

SaratogaPrepper
Jun 30, 2012 - 11:55pm

Sixdollarsilver

Yup. "Spot on" as they say. That should be part of every ones philosophy. And Yes Magpie, we live that part also. 2 rescue kitties are about to be moved so I have room in the bed.

Congratulations on the little one. Seems like just yesterday, it goes way too fast, cherish every second.

thesandbox
Jul 1, 2012 - 12:00am

@NW view

just wanted to quickly second your link without going to far here on the main thread. We started celebrating the feasts about 5-6 years ago with a few other families who just knew there had to be more to today's modern church and new testament teaching and it has been one of the most eye opening learning curves in studying and living out reality in mine and my wife's lives. Anyone with a biblical bent would do well to give the feasts some extra reading...that's all...carry on. Waking up to a bright shinny 46c in Kuwait today. It's a dry heat though ;)

Dagney Taggart
Jul 1, 2012 - 12:03am

@Magpie

I was as libertarian as Nelson Mandela right in the middle of left and right. No wonder I've always felt homeless politically. That's OK. I work for me.

¤
Jul 1, 2012 - 12:04am

Living Without Laws: Slab City, USA

Living Without Laws: Slab City, USA
SaratogaPrepper
Jul 1, 2012 - 12:08am
Planters ¤
Jul 1, 2012 - 12:09am

I bet their not living

I bet their not living without weed though...

Magpie
Jul 1, 2012 - 12:13am
¤
Jul 1, 2012 - 12:18am

watching lightning

I'm taking a walk right now and watching a huge isolated cloud with lightning going through it every 5-10 seconds. Like a huge white lantern and no thunder. Heat lightning.

maravich44 SaratogaPrepper
Jul 1, 2012 - 12:18am

@SaratogaPrepper..

.yea another pretty heavy round is rolling thru here(coastal Va) pretty awesome lightning display.

Fortinbras
Jul 1, 2012 - 12:43am

@Magpie

Right 0.88, -3.44 toward Libertarian. 

Bugzy
Jul 1, 2012 - 1:03am

@indigo

Nope - not living without laws. Living without self discipline or purpose or meaning.

You could have a group up the road with no laws who may live clean and positive lives with way more personal freedom. Those people (in the video) did not seem free to me. 

They were trapped more than a man in prison.

I am a libertarian, yet my life would look nothing like theirs given no laws. (Actually I do not agree with Anarchy - property law must be enforced). One needs to be free to leave ones property to be able to be productive. Leaving armed guards at home all day is a waste.

Life in the Galts Gulch had no laws either - (was it really called that? - I forget).

B

¤
Jul 1, 2012 - 1:07am

Trower ~ Bridge of Sighs

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