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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turd [at] tfmetalsreport [dot] com ()

  212 Comments

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Mariposa de OroJ Y
Jul 3, 2012 - 12:45pm

JY896

Thanks for the tip. Aside from being on a DoD network, even from home, I'm willfully ignorant of all things computer software (much to my boss's frustration). For me, a computer is just a thingy that's used for shopping, reading email and TMFR. If I can't get TMFR there's still email and shopping. I know, I know, what kind of electronics technician isn't really into computers? One with a life, lol. I sew, garden and snorkel. Those are much more fun than futzing with a computer. ;o)

Physical_only
Jul 3, 2012 - 12:43pm

Final answer

Mrs White; in the Laboratory; with a Candlestick.

Final answer.

Happy 4th everyone

murphy
Jul 3, 2012 - 12:40pm

@Fort

Sincere condolences from here as well. Too bad our political leaders only share that kind of sacrifice with their words and not their deeds.

Dagney Taggart
Jul 3, 2012 - 12:37pm

@Short Stack

That's OK. It will all play out as it should in the end. Just don't be surprised at the outcome. Many people will be surprised, even suicidally-horrified at who the great satan turns out to be.

harlan07
Jul 3, 2012 - 12:34pm

Fleecing

Turd and many others have clearly identified and provided evidence of the manipulation that occurs in precious metals paper prices - I'm not questioning that.

What I question is why do the specs continue to come back for more punishment? It's very clear what occurs during each of these raid/short squeeze cycles - so why do they keep playing the game? That makes no sense to me. The fund managers aren't dumb, they can see the manipulation too, right?

agrock
Jul 3, 2012 - 12:14pm

Dupe

Dupe post

agrock
Jul 3, 2012 - 12:13pm

@achmachat

Yes monster boxes do have some weight to them + just think you are getting a workout while working on your stack.

no pain no gain.

achmachat
Jul 3, 2012 - 12:13pm

Eric

Not only do I have to keep hearing that from the wife, but now also from fellow turdites?

Eric Original
Jul 3, 2012 - 12:06pm

achmachat

Man up, my friend. Put your back into it. If not doable, stop f*cking with silver and go to gold. :)

Teach
Jul 3, 2012 - 12:03pm

I have to smile...

every time another banking crime blows up in the money junkies' faces. I wonder if this spike is more related to Lie=bor gate or Hormuz gate? Dag...good call on last post. I sometimes think we are all "whistling past the graveyard" these days... Gonna put a bit more stock in the pantry today...

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