Three Items For The Overnight

212
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). https://www.traderdannorcini.blogspot.com/2012/06/hedge-funds-continue-to-pummel-silver.html

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. https://www.bullionbullscanada.com/intl-commentary/25570-bankers-fraud-now-too-big-to-fail

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.)

https://www.bbc.co.uk/programmes/b01k9qd8

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

TF

About the Author

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  212 Comments

dropout
Jul 2, 2012 - 6:58pm

@ Admiral Ag Bar

Yes. "screwed on so many different levels."

George Carlin ~ The American Dream
ClinkinKY Biochar
Jul 2, 2012 - 7:00pm

and meanwhile...

the dumbing down of America continues: here is actual language from a position statement in the 2012 Texas Republican Party Platform:

"Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a relabeling of Outcome-Based Education (OBE) (mastery learning) which focus on behavior modification and have the purpose of challenging the student’s fixed beliefs and undermining parental authority."

Must. Feed. System. More. Obedient. Debt-slaves.

-------------------------------------------------------------------

Good to see they've adopted a Democratic "platform"

Admiral Ag Bar dropout
Jul 2, 2012 - 7:01pm

LOL

I hear ya. Voting isn't wortha shit either. The game is rigged and we are the suckers (debt slaves)

https://www.youtube.com/watch?v=efKguI0NFek.

Vypuero
Jul 2, 2012 - 7:01pm

Medicare

From previous thread - answer me one question. If it is such a good deal, why is it not voluntary?

cpnscarlet
Jul 2, 2012 - 7:03pm

What's in a Name...

So, bam and biochar - you're in favor of various government education programs with fancy names? Send your kids to the re-education school run by Uncky Sham and all is well???

Vypuero
Jul 2, 2012 - 7:08pm

Yeah most of the time

the name of a program - for instance something that "teaches critical thinking" does the exact opposite. The "economic recovery act"and the "patient protection and cost reduction act" come to mind as doing the exact opposite.

I don't know the details of these so I may be wrong, but it would not shock me that they do not do anything like what they say!

Xeno
Jul 2, 2012 - 7:10pm

One More

The man we all love to hate was recently interviewed for an in depth discussion on the mechanics of the gold market. Although we despise Jeff Christian, it is a good interview. There are tid bits of where the holes (potential fraud) are but you must listen closely. It seems the only reason for gold to exist is hypothecation of currency via futures (regulated, unregulated, otc, dark pool) in order to provide market liquidity. Trouble is, in trading (todays casino's) there is always a winner and a loser and the losers (invariably taxpayers) pay out on those leveraged and exponential losses. STK!

https://www.financialsensenewshour.com/broadcast/fsn2012-0702-1.mp3

rl999
Jul 2, 2012 - 7:12pm

Final answer

You may notice your guess tweaked by a few cents. If it was a duplicate I flipped a coin (new cougars and moose I received today) heads you went down, tails, up.

Per mod Washington a few "provisional ballots" were added.

We had 153 silver, 158 gold guesses.

23.68 dagney taggart 1480 dagney taggart
23.89 hawk 1498.00 the green manalishi
24.58 the green manalishi 1510 batting500
24.60 batting500 1533.50 nw view
25.90 rrjj 1540 rrjj
26.21 gont 1540.20 himalaya
26.26 larry 1541 dr g
26.28 tmosley 1544.21 ag4me
26.31 zman 1545 tmosley
26.44 dr g 1553.23 cucamonga
26.50 saratogaprepper 1554.40 hoping to learn
26.51 nw view 1561.50 louie
26.65 louie 1562.00 larry
26.70 hondo 1563.00 saratgoprepper
26.72 themtharhills 1563.40 keg
26.77 urban roman 1565.20 pellet
26.80 hoping to learn 1567.27 hondo
26.82 ag4me 1568.25 ggnewmex
26.85 number 47 1572.35 stock_canines
26.86 ggnewmex 1572.76 bongo jim
26.90 tobydaniel 1573 zman
26.91 alabamaaviator 1574.54 chicken little
26.92 keg 1576 gont
26.96 cucamonga 1577.00 urban roman
26.97 chicken little 1578.21 ink
26.98 bongo jim 1579 friendofthedevil
26.99 pbreed 1579.23 wishram
27.00 pontiac 1580 bad67
27.01 bullnurse 1581.06 farpdinkle
27.02 interwebzmonies 1582.16 interwebzmonies
27.03 silver slug 1583.12 orangealert
27.04 ink 1585 daedalus mugged
27.10 himalaya 1586.85 short stack
27.11 silverfocker 1587 hammer
27.12 rl999 1587.38 not messenger
27.13 printmemoney 1588.20 apathetic or wh…
27.15 daedalus mugged 1588.88 bullnurse
27.16 hammer 1589.50 dmanson
27.17 farpdinkle 1589.70 rl999
27.22 colonel angus 1591.00 admiral ag bar
27.30 brad_pitts_bett… 1594.00 swift boat vet
27.37 stock_canines 1594.50 silverbonz
27.38 not messenger 1596 nick elway
27.39 jonoso 1596.20 bluefin771
27.42 apathetic or wh… 1596.82 tube
27.44 short stack 1597 tobydaniel
27.48 admiral ag bar 1597.50 outlookingin
27.49 swift boat vet 1598.00 shnozberries
27.51 two gun tobin 1598.22 orange
27.52 sevin 1598.40 mudsharkbytes
27.53 shnozberries 1598.87 fr. Bill
27.54 mudsharkbytes 1599 pbreed
27.56 Tube 1599.50 brad_pitts_bett…
27.59 andiej01 1599.98 silverstool
27.60 sixdollarsilver 1600 jacobsen3
27.61 phanophite 1601.00 number 47
27.62 pellet 1601.57 question
27.63 question 1602.25 phanophite
27.70 sliverbonz 1603.28 ojibwemowin
27.76 bad67 1605.00 barth vader
27.77 the watchman 1605.20 dudestacker
27.80 jacobsen3 1605.23 lakedweller2
27.81 jan roos 1605.70 stardust
27.82 silverstool 1607.76 wallace hartley
27.83 vernon wormer 1608.20 be prepared
27.84 orange 1609.97 sandiaman
27.85 fr. Bill 1610 firefly
27.86 friend of the devil 1610.10 el gordo
27.87 zoltan 1611.00 thurd aye
27.88 be prepared 1611.11 the watchman
27.89 lakedweller2 1611.15 andiej01
27.90 el gordo 1611.20 waxybilldupp
27.91 firefly 1611.23 silverfocker
27.92 bluefin771 1611.26clinkinky
27.93 waxybilldupp 1612.34 battle beagle
27.95 wishram 1612.51 silver slug
27.98 candygram 1613.00 colonel angus
28.00 so it comes 1613.12 kedat
28.01 joebrenner 1614.07 bucktooth
28.03 tommack 1614.25 jaw777
28.04 gramp 1615 tpbeta
28.05 pm stackin fool 1615.15 beentheredonethat
28.07 taylor747g 1618.48 libertys ghost
28.09 stardust 1618.67 bollocks
28.11 libertys ghost 1619.07 thesandbox
28.12 dmanson 1620.93 tommack
28.14 gs478 1621.10 landowner
28.15 silver bullett 1621.11 pinning 4 the fjords
28.16 dgstage 1621.50 silver bullett
28.17 thurd aye 1622.01 two gun tobin
28.18 dudestacker 1622.22 a_guy_in_hainesville
28.20 murphy 1622.32 cpnscarlet
28.21 kedat 1622.55 irene
28.22 irene 1623.32 vernon wormer
28.24 jaw777 1623.40 gramp
28.25 baseball 13 1624.80 murphy
28.30 tpbeta 1625 so it comes
28.33 battle beagle 1625.30 adrock
28.34 achmachat 1625.40 raulp
28.35 landowner 1625.52 dgstage
28.37 raulp 1626.00 gs478
28.40 barth vader 1626.52 henateme
28.41 pinning 4 the fjords 1627.00 huiaid
28.45 robespierre 1627.40 sixdollarsilver
28.46 revolting lemming 1628.37 candygram
28.47 thesandbox 1628.88 pegasus
28.48 biochar 1629.00 maryann
28.49 recaptureamerica 1629.99 gearhead_24
28.50 boatman 1630.00 pm stackin fool
28.53 adrock 1630.01 joebrenner
28.55 outlookingin 1630.15 babaganoush2307
28.57 bollocks 1630.33 henry
28.58 historiography 1630.50 taylor747g
28.62 loner 1631 recaptureamerica
28.68 porky 1632 wildstylechef
28.69 justin99975 1632.60 robespierre
28.70 wildstylechef 1634 achmachat
28.73 bsong 1634.01 revoltinglemming
28.74 babaganoush2307 1634.50 pm believer
28.75 aomegaa 1635 boatman
28.76 huiaid 1637 jonoso
28.77 moguls 1638 historiography
28.79 clinkinky 1640.35 loner
28.83 ojibwemowin 1641.40 grvdigga
28.88 tosser 1641.46 porky
28.91 bucktooth 1642.50 rosarubea
28.97 nick elway 1645.00 aomegga
28.98 flycozy 1647.00 hillsie
29.00 gearhead_24 1647.47 biochar
29.03 acm 1647.87 zoltan
29.06 cpnscarlet 1648.5 sevin
29.07 rosarubea 1649.00 flycozy
29.12 desert fox 1649.71 istack
29.13 cliff 567 1650 bsong
29.14 istack 1655 desert fox
29.25 needadeel 1656.66 tosser
29.33 sandiaman 1657 blackshook
29.36 billwilson 1658.69 justin99975
29.51 maryann 1660.00 stevenbhorse
29.59 stevenbhorse 1662.00 billwilson
29.60 steinbacken 1666.66 thegreatkd
29.68 pegasus 1666.78 lumpy
29.85 deltacharlie 1671 acm
29.87 lumpy 1672.13 mr grey
30.02 bugzy 1672.33 quixote2
30.33 henry 1672.50 themtharhills
30.35 hillsie 1677 moguls
30.46 quixote2 1678 hawk
30.54 blackshook 1678.01 deltacharlie
30.57 goodfella 1680.50 needadeel
31.20 mr grey 1681.00 alabamaaviator
31.75 pm believer 1684.77 goodfella
35.60 peckerwood 1688.96 cliff567
1689.50 prinetmemoney
1699 bugzy
1700.00 meegoreng1
1721.00 steinbacken
1851 peckerwood
rl999
Jul 2, 2012 - 7:13pm
Mudsharkbytes
Jul 2, 2012 - 7:15pm

My favorite oxymoron act…

…the "Patriot Act".

Kind of like Reagan calling guided missiles "Peacekeepers".

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