Three Items For The Overnight

Mon, Jul 2, 2012 - 6:01pm

Thanks to all who submitted guesses for the latest hat contest. The contest is now closed. Recognizing you need a new thread for the overnight, here are three things to discuss.

First, Trader Dan doesn't have the time to post every day but, when he does, it's almost always worth your time to read. His post from Friday was fantastic. Below is a chart of his which I lifted from the post. It shows that we currently have a "record" amount of naked spec shorts in silver. Surely, this is a bullish, contrarian indicator and it follows along with the theory I've posited here that The Silver Cartel is methodically shifting the burden of being short from themselves to the specs (sheep).

Next, our pal Jeff Nielson has penned a great new article. This time he focuses on the LIEbor scandal. Please take the time to read it.

Lastly, please take 30 minutes to listen to this program from BBC radio. It is a fair and balanced discussion of the benefits and challenges of a return to "the gold standard". It features two guys with whom many Turdites have become familiar, John Butler and Detlev Schlichter. Well worth your time even though it presupposes that "The West" will have some choice as to whether or not the world returns to sound money. Also, the arrogant AGA at 23:00 almost makes me homicidal. (If an admin can figure out a way to embed this audio, please do.)

Okey-dokey, that's all for today. See you on Tuesday.


About the Author

turd [at] tfmetalsreport [dot] com ()


StrongsidejediKatie Rose
Jul 13, 2012 - 1:15pm

Food production - some thoughts for Katie Rose

@Katie Rose -

You are a great patriot and a dear friend, even though we've never met other than in this blog. I hope our conversations have been mutually beneficial. I have a few comments to substantiate your concerns about food production. But, it is also an opportunity for you and your local production.

After looking at a few hits on google for hay production, it's pretty clear that major universities are looking at the economics of hay production. That appears to substantiate your concern regarding the importance of hay production. If major universities across the middle US states are looking at the same research topic, there is a clear understanding of the issue being present. The question is how to gather the data on the economics of hay and whether or not government policies might be impacting the situation.

I found one USDA text file on California hay.

Hay may need a futures and production market just like soy, corn, or sugar. It is interesting that hay does not seem to have such a market. Frankly, after the debacles in the futures markets of our nation in the last year, the "normal" market may not truly exist.

See my Private message for more detailed information.


Jul 3, 2012 - 11:40pm

Afraid? Why? Vested in the system?

"I'm afraid any revolution in America's future will be closer to the French than our first one. We may hear things like 'We'll strangle the last politician with the guts of the last banker."'

I am not afraid of that. I'm hoping for it. Get rid of both.

Jul 3, 2012 - 11:24pm


If the BOE dictated the LIBOR rate to Barclays, what did the FED have to say about it? This revelation knows no bounds. This, plus the exposure of the links between the Vatican Bank and Israel, really provide the basis of secrets revealed that will lead to massive strife.

Jul 3, 2012 - 7:08pm


only used penson for futures and forex ONLY.

Jul 3, 2012 - 3:22pm

George H(ussein) W(Oh, Bama)...

...but the MSM is awfully silent about "reading these lips".

Happy 4th to everyone. Off to work the holiday to pay for this largest tax increase in American history.


Jul 3, 2012 - 3:16pm

American Revolution

Thoughts for the 4th of July

In the American Revolution, the cliche slogan was "No taxation without representation," at least according to our gradeschool history books. The French, on the other hand, had a different slogan in their revolution a few decades later: "We'll strangle the last king with the guts of the last priest." I'm afraid any revolution in America's future will be closer to the French than our first one. We may hear things like "We'll strangle the last politician with the guts of the last banker."

Why am I hearing nothing about "Occupy Wall Street" this summer? Are there no protests? Or are they just silenced? Are the few poor protestors who attempted it dragged off and interred?

I have been totally disgusted with the complete media blackout of Ron Paul. My recent drive from Ohio to Arizona and back saw numerous homemade signs along the interstate. He is not dead. My Poly Sci colleague expects Paul to show up at the convention to cut a deal--no trouble out of him in return for some planks in the Republican platform.

Just thinking out loud

Nico Romanovbam
Jul 3, 2012 - 3:15pm


No blog, no website, no newsletter, sorry. Some quadruple buys in the past have led to $300.+ upmoves. August 2007 was one @ around $660. By year end gold was over $830., $1020. by March 2008.

maravich44Nico Romanov
Jul 3, 2012 - 2:59pm

@Nico Romanov... $1620.00 Gold,,

..maybe too obvious for me to see; why is this area so heavily defended?

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

ClinkinKYDagney Taggart
Jul 3, 2012 - 2:47pm

@ Dagney Taggart

Thanks. But safety is useless in a gutted economy.


I don't know about that. To paraphrase Patrick Henry: "Give me poverty or give me life". Just sayin'.

bamNico Romanov
Jul 3, 2012 - 2:30pm


Ok Nico, I'll bite, where is your blog?

And if you don't have one, you should, if your history is as you say it is.

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