Santa Tried To Warn Us

Thu, Jul 12, 2012 - 10:12am

As we watch the metals get savagely beaten this morning, I'm reminded of the warning that Santa posted last Friday and again yesterday. The Cartel is trying again to take down paper price. Will they succeed? Maybe...

Here are the two main components of his post. Remember, this was first posted last Friday so when he says "next week", he's talking about now:

"Next week is the war between manipulation of gold by the West, and appetite for buying gold in the East, both from friendlies and enemies. Anyone that does not see today’s gold market as a rig is blind or brain dead. There is a full blown crisis in Western world banking today, right here and now. There is a full blown crisis in sovereign debt of some weaker nations as in a very short while certain government will be out of money. The Eurosnobs hate each other which does not make for a fast reconciliation of a crisis."

"Next week will be the time the cartel tries to break the gold price again. They have failed seven times, and will fail on the 8th. Gold is going to $3500 and above. All the lying and conniving only means the price will go higher. Just as Morgan’s whale could not fight the market, the cartel cannot fight gold as we have a flight away from all fiat currencies."

So, there you go. As you know I, too, have been concerned about a short-duration, Cartel-inspired plunge that would attempt to take out the plethora of sell stops below 1525 and 26. Can they pull this off? You know they want to. Can they? That is the question. Global physical demand remains extraordinarily strong ( so driving down paper price will only increase the flow out of the LBMA member vaults. We'll justhave to see how this battle plays out.
For today's trip into the archives I offer you this: Written on 12/19/10, I still look back upon it as one of my favorites. Here's the summary paragraph:

"The end of US hegemony is near and with it, the end of the US dollar as "world reserve currency". This catastrophe and all in entails could have been avoided with responsible leadership and an educated/involved populace. However, selfishly, we in the US decided it was best to pursue a plan where we foolishly thought our recklessness was beneficial. This attitude was best summarized by republocrat and Keynesian legend, John Connally, who, as the coin was dropped in 1973, told the world that "the dollar is our currency but it is your problem". Sadly, we allowed Mr. Connally to be prescient for almost 40 years but the world is about to turn the tables. Soon...very soon...the coin will finally reach the narrow end of the funnel and the bottom will simply drop out. What happens next will not be fun and games."

​OK, that's all for now. I've got a full day of meetings ahead of me but I'll be watching this closely and I'll certainly update the blog if needed. Hang in there and be patient.


About the Author

turd [at] tfmetalsreport [dot] com ()


Grigeo recaptureamerica
Jul 12, 2012 - 4:30pm

Silvercorp wins dismissal of counterclaim by a hedge fund

Silvercorp, a Canadian miner of silver in China, won dismissal of a counterclaim by a hedge fund that wrote a report posted on a website the company accused of spreading false information.

New York State Supreme Court Judge Carol R. Edmead today rejected Anthion Management LLC’s claim that it was entitled to damages under state laws designed to protect citizens who publicly challenge applications by businesses for permits, leases and licenses.

Anthion, based in New York, argued that Vancouver-based Silvercorp sued the website,, as part of a campaign to “retaliate against, intimidate and deter” criticism of the company.

“Anthion does not seek to expose fraud or wrongdoing for the public good, and did not publish its attacks on Silvercorp until after it established a short position in Silvercorp’s stock,” Edmead wrote.

Dagney Taggart
Jul 12, 2012 - 4:31pm


That's hot.

I Run Bartertown
Jul 12, 2012 - 4:34pm


"she liked the fact that the coin has titties"

Careful she doesn't leave you for this guy:

Forgive me. I made the pic much smaller. It was huge and horrible. --------------- I only have one lonely Libertad that was in a batch of mixed rounds once. I need more. And I've wanted some of those Noah's Arcs ever since you showed me! [Mod. note: Forgive me, I made the pic even smaller still. Mod. Jefferson]
Jul 12, 2012 - 4:34pm

Pentagon’s “Nano-Second

Pentagon’s “Nano-Second Electrical Pulse Gun” Will Blast You Unconscious

Jul 12, 2012 - 4:36pm

I run barter town... WAS

I run barter town... WAS horrible??

Jul 12, 2012 - 4:38pm


The Israeli whorehouse of Satan sounds wacked out. Is that what you believe or was it sarcasm? Just wondering.

Dagney Taggart
Jul 12, 2012 - 4:38pm


Is it me or did it finish a hair below support?

Jul 12, 2012 - 4:38pm

Dagney, all I can think of

Dagney, all I can think of is, " alls fair in love and war" Or parasites do eat their own... Seems like everyone is doing their thang these days...despite what the world cops say

wonderer recaptureamerica
Jul 12, 2012 - 4:39pm

as usual, wondering

Why would anyone want to trade their gold for oil? (referring to the post about Turkey trading its gold for that hard to carry, sticky, smelly black stuff that gets used all up)

If I were going to trade gold for something that would help me farm, go to town, etc., I would get a horse, buggy, and horse drawn equipment.

Just kidding, sort of.

Those of you fortunate enough to have stacks, sit on them!

Jul 12, 2012 - 4:40pm

Now that's definitely a

Now that's definitely a hormone problem!

bam recaptureamerica
Jul 12, 2012 - 4:43pm

RE Landfills

You see this all the time in third world countries (people digging through the landfills for precious metals/stones)....especially after natural disasters like floods, as there's booty everywhere.

Jul 12, 2012 - 4:50pm

SRS - production per capita

SRS - great post.... what might be more relevant would be the silver production per capita, and it is here where the US would fall even further down the list. Especially as the population rushes into poor man's gold.

Jul 12, 2012 - 4:59pm


If you sell at $28, you will kick yourself later. Just sayin'...

Jul 12, 2012 - 5:00pm
Jul 12, 2012 - 5:01pm

Ms Taggart

What was that old ACDC song ? She's got Big Balls

Thanks for pointing out the zionophile agenda to use America for their dirty deeds.

Again, folks, there are more muslims in American armed forces per capita, than jews....this is fact...

and we are supposed to be fighting those that hate us for our freedoms and keeping the jews in Israel safe.

This fact.

WMDs in Iraq? Nope. Yellow cake deal in Africa? Nope. That is all documented BS.

So thank you Dagney. You have some big balls and carry the truth.

Dagney Taggart
Jul 12, 2012 - 5:17pm


This is a fight to the death and they do want us "useless eaters" dead or enslaved. What did George Carlin say? It's a small club and you ain't in it? Nobody here is in it, no matter what you believe. You may as well get extremely comfortable that fact.

Who remembers when Bill Gates flat-out pimped vaccinations as a way to "reduce population"? Sorry but aren't vaccinations supposed to raise immunity, thus prolong life, thus increase population? Sounds like killing freedom in order to save it to me. What about the Swine Flu terror campaign? These globalists are sick psychopaths and they hide in plain sight. The truth is good people cannot imagine that such evil could exist right next to them. Normalcy bias at its best.

The beautiful thing about all of this though is they want souls, more than they want money. They want our hearts and minds. When we look back at how easy it really was to destroy them, we will be kicking ourselves for at least a generation.

curly80 DayStar
Jul 12, 2012 - 5:19pm

Sprott PSLV commotion

I don't understand all the commotion about Sprott and his 200 million physical order.

Why would this be a game changer. There are lots of billionaires out there. If a few percentage of these people invest a few percentage of their wealth in physical silver, I think 200 million is nothing on their scale.

All this talk about the Comex etc. If 200 million would make any difference, somebody with a lot of money would already have rigged JPM with their silver manipulation.

Jul 12, 2012 - 5:49pm


Thanks ! Now I have to wash out the wastebasket next to my computer. That's as far as I got when I puked.

I'm thinking that guy bought those because he's never had a date. That's as close to the real thing there's ever going to be in his future. That is just sick.

wax off

Jul 12, 2012 - 6:00pm

Re: Sprott PSLV commotion

Just a bunch of confused newbies posting on here that think Sprott is going to get his silver from the corrupt Crimex. C'mon why would he do that? Anybody (i.e. hedge funds, Sprott) who is serious about acquiring metals and has a large transaction size is buying directly from the miners.

Sprott priced their offering at less than a 3% premium over the NAV of the fund. That premium does not reflect a shortage of silver.

Jul 12, 2012 - 6:00pm

@tpbeta - Get Mad! Get Angry!

@tpbeta - Get Mad! Get Angry! Get Even!

But for goodness sake, DON'T SELL THE METAL!!!

Jul 12, 2012 - 6:14pm


I was just over at gold price and the chart showed a huge waterfall, but the charts here don't show it. Is it real or a glitch( I'm going to check my dealer)

The waterfall is on the silver chart

edit: false alarm, price came right back up in a couple minutes

tpbeta pourty
Jul 12, 2012 - 6:17pm


I dunno - I'm beginning to think that $26 can't hold much longer. Bernanke ain't gonna print till Obama is back in the White House so Blythe has 3 months to play this game. Why do I think this?

1) Printing won't do any good and Bernanke now realises this. So won't help Obama.

2) Printing will put up gasoline prices which will lose Obama votes.

3) Bernanke needs fiscal action to happen, so he'll time his big monetary bazooka to match.

4) He can buy 4 months by spouting bullcrap to Hilsenrath.

So if I see a decent exit point on my silver long, I'm gonna be pretty tempted. I expect it to jump between 26 and 28 until it doesn't. Can always buy it back lower. And if I'm wrong I'm wrong.

tpbeta cpnscarlet
Jul 12, 2012 - 6:18pm


It's irrational to hold a long position in something you think is going to lose value.

I Wazere
Jul 12, 2012 - 6:31pm

stealthbear re: rainbarrels 1:41pm

I used to spray thousands of acres of cropland and zero-till land.

To neutralize residue in the tank after using Roundup or any other herbicide, I would fill the tank with water and add a gallon or two (depending on tank size) of ordinary household ammonia, let stand for a short time, and empty the tank.

Tank is now "clean" for non-potable water storage.

Jul 12, 2012 - 6:36pm

@ ltrewagon

Read the NNPT. When you can tell me what the responsibilities of this country are, then we can have a grown up discussion about the issue. Hint: If we did our part this would be a non-issue. Bonus question: who has broken it the most?

(Dagney + 1)

mje173 I Run Bartertown
Jul 12, 2012 - 6:36pm

about Mexico

I already read the news out there.

What they're claiming was 'fraud' are old tactics from the 1950's to steal elections.

Mind you, this is the same guy that during the last elections also lost, and claimed there was fraud because elections were actually close (not as close as Bush v Gore, but whatever). He protested for months (imagine Gore doing that?) and that didn't cdome of anything.

This time around, he lost by a solid 10% of the vote. Sorry homey, you're time is up.

Jul 12, 2012 - 6:42pm

@ ltrewagon

Ok, I don't need to be an ass.

The NNPT is the nuclear non-proliferation treaty.

I'll sum up the most important part. Iran has signed it, israel hasn't.

Iran abides by the rules, which we use and abuse to support the ongoing war narrative.

israel doesn't, hasn't been inspected, and flaunts their disregard for the treaty.

Per the treaty we are supposed to build and supervise ran's nuklear plants, and that is how we are supposed to be on top of the situation, we build, leave techs and workers there, they inspect everyday when they get to the plant. (basically, summed for simplicity.)

Seriously, this issue is much deeper than the things Dagney and I referenced, please investigate with an open mind.

Jul 12, 2012 - 6:48pm

For newbies and not so

For newbies and not so newbies, watch the youtube video by David morgan. it's a very good video, informative, detailed, concise and overall a good case put forward about why silver is a good investment. However before you go crazy about one single purchase of a few million, if you cared to actually look at the figures, you would see (and this is illustrated in the line graph) that supply has been outstripping demand for the past 4 years which has created a surplus. Prior to this 4 year period a lot of above ground silver was eaten up but at this moment what is being touted as a game changer is nothing more than hot air. The premium tells you that there is no shortage in supply and the amount being purchased is not going to suddenly throw the market into a delerious upwards ecstasy.

Wind on to 13 mins...or watch it in it's entirety :)

Are We Running Out of Silver? David Morgan Speaks at the Texas Precious Metals Conference
Jul 12, 2012 - 7:12pm


I guess it depends on how you look at your position in silver. My thinking is that, if I were to sell at $28 and the metals dropped significantly lower enough to buy back in, there is a fair chance of not being able to buy much of anything. I know this sound like tinfoil, but there it is. I guess if you have a speculative position separate from a core position, this could make sense. I have trouble thinking of any of my silver as a speculative position, though. I'm under 1K ounces, I consider anything under 1K to be a core position. If someday I have 1.5K or more, I might start getting speculative, until then, I'm holding tight.

I have Santa's statement pinned to the corkboard in my mind: Sell 1/3 when the weekly chart looks like a rhino horn, buy when the weekly chart looks like a fishing line. I'm sticking to this for the forseeable future. If we spike up on the weekly charts, I will likely follow his advice, but my idea of a "spike" might be steeper than most. I'm thinking moving from today's $27 up to $38 or so in a week would trigger me to sell 1/3 and hold the cash for a while.

Jul 12, 2012 - 7:18pm

Here is another good one

Here is another good one

David Morgan: Silver to Gain Gradually in the Near-Term


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