Disinformation & Deceit

187
Mon, Aug 6, 2012 - 10:58am

Things are getting curiouser and curiouser...

By now, I would imagine that nearly everyone has seen this: (https://www.zerohedge.com/news/libor-may-be-manipulated-silver-not-cftc-conclude). I was sitting here in the TurdCave yesterday afternoon when I saw the original FT story cross the wires. Note the time stamp was exactly 5:00 pm EDT (NY time). Hmmmm. Isn't that interesting? On the next link, you can see that pre-open, electronic trading begins at exactly 5:00 pm NY time, as well. (https://www.cmegroup.com/trading_hours/). Again, hmmmm. I'm sure that's just a coincidence.

Then, when ZH picked up the story, word quickly spread. What was going on here? Who are the "three sources" who divulged this information? Well, our friend The Doc got right on it and quickly found out that it wasn't Bart Chilton (https://www.silverdoctors.com/bart-chilton-ft-report-that-cftc-to-drop-silver-investigation-is-inaccurate-premature-there-have-been-devious-efforts-to-move-price-of-silver/) and several other, industrious Turdites reported receiving similar responses to their inquiries.

So, what are we to make of all this? It would seem that we are left with these possibilities:

  1. The story is true and accurate and the CFTC silver investigation will soon close with nothing done.
  2. The story is inaccurate and is simply shoddy reporting by the crew at the Financial Times.
  3. The story is inaccurate and was deliberately placed in order to influence a certain outcome. Rationale for this ranges from: a) An attempt to initiate another Sunday Night Massacre, b) An attempt to draw in additional SpecShortSheep in advance of lower margins today, c) An attempt to influence the CFTC to conclude the investigation ahead of "schedule" in September, d) An attempt to influence the civil court into dismissing the class action suits against JPM, e) anything else you can think of.

I look forward to reading what everyone thinks and am open to other ideas/theories.

So far, the report has had little impact on price as both metals are currently UP basis the close on Friday. Imagine that!...Gold UP on two, consecutive days. That must be some kind of record. Regardless, the charts are looking increasingly positive and strongly suggest that The Bottoms are in and that a breakout beginning of a new trend is imminent. Be right, sit tight and you will be rewarded.

OK, I'm going to stop there for now because it's already 11:00 EDT and I need to get this posted. Please stay strong. We are entering a critical phase and now is not the time for weak knees. We are all on the right side of history and vindication will soon be ours. More later today or this evening.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  187 Comments

proformatrillionaire
Aug 6, 2012 - 11:01am

First

????? Awesome, I will celebrate again by purchasing a sleeve of silver eagles.

GoldMania3000
Aug 6, 2012 - 11:04am

FT reporters

If anyone get's their emails I email them and try to get to the bottom of it:) Turds call is consistent with some other folks that have been pretty accurate. So I think we are headed higher. Will make new highs soon:)

jonoso
Aug 6, 2012 - 11:04am

wo

happy to have silver at least stabilizing hope bounce is about ready to take flight

Fired
Aug 6, 2012 - 11:06am

The Red Metal

Turd, Any thoughts on copper?

And in keeping with the theme of this thread, I found this interesting...

https://www.zerohedge.com/news/supposedly-fake-tweets-about-syrian-presi...

GoldMania3000
Aug 6, 2012 - 11:07am

I can't ...

believe i follow someone named TURD. WTF. If i ever told people this they would have me committed.

Corsair
Aug 6, 2012 - 11:07am

silver medal for me

2nd?

edit: nope

silverparatrooper
Aug 6, 2012 - 11:09am

8th WOOHOO

Moving on up

Mr. Fix
Aug 6, 2012 - 11:13am

Top ten again.

Just can't get enough of this site!

silverparatrooper
Aug 6, 2012 - 11:14am

it is election year

I feel that the worse is coming next year, but I really don't need to say this now do I. I found it interesting that RDS is taking their money out of European banks. Either it is disinformation to make UST look more like the real deal or TSHTF is about to happen in Europe. I am glad I work the Shell account here for my company, those guys are investing huge amounts of capital in the deepwater market here in the GOM. I think we are all in for the big green weenie treatment.

GoldMania3000
Aug 6, 2012 - 11:15am

In this case...

...perhaps it would be OK for you to use my real name: Percival Sweetwater.

Key Economic Events Week of 10/14

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
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Key Economic Events Week of 10/7

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Key Economic Events Week of 9/30

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10/1 10:00 ET ISM Manu PMI
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10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
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10/4 8:30 ET BLSBS
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Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
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9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

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9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
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8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
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8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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