Select Stocks Send Signal

Fri, Aug 17, 2012 - 10:43am

Perhaps we have a new acronym on our hands? The SSSS. Yesterday, quite by chance, I noticed that several of the best mining stocks are making 6-month highs. Is this another signal that higher metals prices are right around the corner?

Yesterday afternoon, I opened an app on my phone that is programmed to follow the major indices as well as 15-20 miners. I only opened it to see how the overall stock market was faring (which is something I rarely do) and then I scrolled down to look at a few miners (which is something I do even less). A couple of them caught my eye. I saw GOLD (Rangold) first and noticed that it was pushing 100. Then I noticed AEM (AgNico Eagle) and thought it looked noticeably higher, too. I pulled up charts and saw that they are both at 6-month highs. Wait a minute here. Hold on just a second. Isn't it curious that two, top miners would be moving to new 6-month highs while the metals are still stuck in a trading range?

The last time GOLD was near 100 was last March when gold was near 1700. The last time AEM was $46 was last November, when gold was close to 1750. What does this mean? Beats the crap out of me! But seriously...this could be phenomena specific to these could be just another sign of the impending resurgence and rally in the price of the metals.

The next question should be: Do any of the other miners look like this? Well, not really. I did find two of our old favorites that are perking up a bit following recent earnings "disappointments" and need to be watched.

And the HUI itself is looking better. I can't give an ALL CLEAR yet but...if the HUI can keep rolling higher and post a few closes over 460...there may finally be reason for optimism in the mining sector.

And, of course, any mention if the term "HUI" here in Turdland comes with the obligatory posting of the SMOKING HOT Carrie Underwood singing about it. (Neo-turdites should know that, to my partially-deaf left ear, "undo it" sounds like "the hui".) (And I'll never understand what she sees in that meathead hockey player.)

Carrie Underwood - Undo It (Official Music Video)

OK, after I wipe off the cold sweat in which I suddenly find myself drenched, it's back to business. In an absolutely stunning development, the metals surged this morning at the open, only to be CAPPED ONCE AGAIN near 1620 and 28.25. Though I know many of you are getting sick of this crap and are dying to see the metals break out, you must remain patient. Fundamentally, gold and silver are extremely strong and, even when left to their own devices, are poised to eventually break out. ( But, screw that. I don't want to wait much longer so maybe we can begin forcing the issue next week. Until then, here are graphic representations of our current predicament.

And I'm not sure which of these two stories make me feel more nauseous. You'll likely read the NYT story before heading off to barf and then return to watch the video before getting sick again. First up, all of the conniving, criminal thieves at MFingGlobal are apparently set to walk free. Hmmm, I've got an idea. What do you say you and I start an investment firm where we take client money and use it to place huge, extremely risky trades. Then, when it all breaks down and the clients lose their money (which they were told was "safe" and "segregated"), we simply laugh it off as "porous risk controls" and walk away. How do you think that might work out for us? Maybe just a bit differently than it has for the criminal Corzine and his merry band of politically-connected, reprehensible outlaws? And don't forget that just last week, your Seventh Circuit Court of Appeals established as precedent that the theft of client funds is now completely legal. God Bless the U.S.A.!

And then there's this. I found this video on ZH last night. It is a time-lapse progression of the ownership makeup of the U.S. treasury market. Note that, in 2003, the Fed had a nearly even ownership across the curve. Watch then how this progresses. Now, the Fed is nearly out of short-term treasuries but they have come to completely dominate everything with a maturity of 3 years to 30 years where they own as much as 70% of the market! Simply amazing. And disgusting! This is America, land of the free and home of the brave where capitalism and free markets create productivity by equitably deciding who wins and who loses. NOT!!!

Fed vs. Private Sector Treasury Holdings

Listen up, you witch. Your days are numbered. We're onto you and soon you and all of your monkeys will be sent scurrying into exile. Perhaps you will be lucky and be allowed the fate of that goon, Corzine. Perhaps not. In the end, it matters little. All that does matter is that the game is ending and you are going to lose.

Drago: You Will Lose


About the Author

tfmetalsreport [at] gmail [dot] com ()


Admiral Ag Bar
Aug 18, 2012 - 9:41am


Dollars to doughnuts... everyone of the EE is a shriveled up old white guy with blue blood. So yes whitey is the devil. They have always oppressed other cultures and will continue to do so as long as they have to power to do it.

Doesn't make you or me a bad person, but I too, just like LF love to yell...

Black Sheep (7/10) Movie CLIP - Kill Whitey! (1996) HD
silver foil hat
Aug 18, 2012 - 9:32am

FWIW: King World News Ben Davies:

Ben Davies - This Could Ignite The Gold Market On Monday

“With most of the European Parliament on holiday, there’s been a bit of an impasse with regards to the eurozone situation, which has clearly been driving events of late. There are rumors today that Spain, over the weekend, will ask for a bailout. So that’s going to be an interesting dynamic for the gold market on Monday.

more at link

Aug 18, 2012 - 9:24am

An email I received from my Senator..., not Mitch McConnell. The other one. The "good" one:)


Recently, Fox News Contributor, and my good friend, Judge Andrew Napolitano, wrote an op-ed concerning the ever-growing threat to our liberty by government spying.

The government snoops on your emails and phone calls.

And while I have received a classified briefing on the extent of the spying, I can’t share with you the exact size and scope of the undercutting of our right to privacy, but believe me, it extends beyond your wildest imagination.

So I hope you’ll take a few moments to read Judge Napolitano’s op-ed below.

After you read the piece, please click the link below to chip in a quick contribution so RANDPAC can continue to lead the fight to halt government spying on our personal communications.

It’s worse than you think,


Sen. Rand Paul’s government reckoning

By Andrew Napolitano

Gazillions. That’s the number of times that the federal government has spied on Americans since Sept. 11, 2001, through the use of drones, legal search warrants, illegal search warrants, federal agent-written search warrants, and just plain government spying. This is according to Sen. Rand Paul, Kentucky Republican, who, when he asked the government to tell him what it was doing to violate our privacy, was given a briefing that was classified. The senator — one of just a few in the U.S. Senate who believes that the Constitution means what it says — was required by federal law to agree not to reveal what spies and bureaucrats told him during the briefing in reply to his inquiries about the government’s violations of the right to privacy.

The rules for classified briefings of members of Congress on areas of government behavior that the government wants to keep from its employers — the American people — are a real Catch-22. Those rules allow representatives and senators to interrogate government officials about government behavior that they are afraid to reveal, and it requires those officials to answer honestly and completely, but the rules keep the interrogations secret and they expressly prohibit members of Congress from telling anyone what they have learned.

So Mr. Paul and his colleagues who joined in the secret briefing now know the terrible truth about the government watching us, but they cannot reveal what they know. Mr. Paul, who is the son of Rep. Ron Paul — the greatest congressional defender of limited government in our era — when asked what he learned at these secret briefings, and aware that he could be prosecuted for telling the truth, chose a fictional word to describe the vast number of violations of privacy at the hands of federal agents revealed to him in the briefings — gazillions. Mr. Paul’s personal courage in using a word like gazillions to convey an oblique message of truth in the face of an unjust law that commanded his silence reminded me of St. Thomas More’s silence in the face of an unjust law that commanded his assent to the king’s headship of the Church.

The feds are no more happy with the senator’s personal courage than the king was with St. Thomas More’s, but there is not much they can do about it. If you check out your dog-eared Webster’s Unabridged you will find that it does not list the word “gazillions” or any form of it. Yet most of us hearing or seeing that word understand it to mean some huge — perhaps even incalculable — number.

The point here is terrifying. If the government derives its powers from the consent of the governed, how can it do things to us for which we have never given consent? And when it does these things — like send a drone over your back yard to learn who is coming to your Saturday barbeque or to see what fertilizer you are using in your vegetable garden or to take a peek into your living room or bedroom — and when the laws that the government has written prevent our elected representatives from telling us what it is doing, we are at the doorstep of tyranny. The government gave Mr. Paul the distinct impression that it was afraid of our exercise of our personal freedoms and thus it needs to watch us as we do so. This is the same government whose stated principal purpose is to preserve, protect and defend the Constitution, and thus personal freedom.

What has become of the Jeffersonian value of the primacy of the individual over the government in a free society? How have we lost the American value that the government works for us, we don’t work for the government? What remains of the constitutionally-guaranteed right to be left alone?

The answer to these questions goes to the nature of human freedom and personal courage. Freedom lies in our hearts, but to survive it must do more than just lie there. Its essence is the exercise of unfettered choices and those we make address our perpetual yearning for truth. This is a natural process that — just like the muscles in our bodies — will atrophy if unused.

So, when the government scares us into the nonuse of freedom, we have only ourselves to blame when Big Brother comes calling. And when he does come, on his face there will be no smile.


ClinkinKYPuck Smith
Aug 18, 2012 - 9:15am

@ Puck---Really?

I guess my point is I don't think he represents any sort of threat to run of the mill white folk like myself.


Are you saying Time Magazine is wrong?:)

Some selected quotes:

“White people are potential humans – they haven’t evolved yet.”
–Philadelphia Inquirer, March 2000

“The white man is our mortal enemy, and we cannot accept him. I will fight to see that vicious beast go down into the late of fire prepared for him from the beginning, that he never rise again to give any innocent black man, woman or child the hell that he has delighted in pouring on us for 400 years.”
– Louis Farrakhan, City College audience in New York

In consideration of your second to last paragraph, I will also make this my last post on the subject of "Minister" Farrakhan.

Aug 18, 2012 - 9:11am

HUI components

Hi Mickey,

Just for starters, here is a link from Kitco showing the HUI components.


edit: here is a link to the weightings, as of Jan 2012.

Lets see how well this pastes in:

  1. ^ The weightings above are updated infrequently. See NYSE Arca Gold BUGS Index the for the current composition weighting.

Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.

Eric Original
Aug 18, 2012 - 9:10am

Pondering the Euro

It's a strange, bizarro world we live in where the Strong Currency, the Dollar, is the one with the big printing press, and not afraid to use it. And the Weak Currency, the Euro, is the one who can't seem to get their printing press out of the box.

It just goes to show you that investors the world over would rather be promised to be paid with freshly printed currency than to sit around worrying about outright default/haircuts.

This reality is not sitting well with the Hard Money Crowd. It's downright inconvenient, as a matter of fact.

Once Merkel hits the GO button on Draghi's printing press, I expect quite the ferocious rally in the Euro. Once that all shakes itself out, and outright sovereign defaults are off the table, then maybe the old economic theories will make some sense again.

Aug 18, 2012 - 9:09am

@Silver Wealth, Rui, DPH

Something will have to happen to right the financial disaster unfolding. That something will happen during a bank holiday.

That may be when gold is bid by governments to $55k/oz or whatever level is deemed needed. They don't actually have to create that money, as gold holders won't necessarily sell. They will just bid it up. In fact, once people understand what the governments are doing, few will actually sell.

If people don't have access to their money during the holiday, then learn that they may have dollars worth less after its over, may be why the government is stocking up.

El Gordo
Aug 18, 2012 - 8:59am

@El Gordo

I won't presume to speak for Dr. J, but since I did comment on this subject earlier I want to say, as I did before, that I am not saying anyone should embrace Farrakhan or the NOI as as a group of misunderstood liberty lovers, but if you listen to what he is saying on the political a financial system of the West in general and the US in particular he could be quoting G. Edward Griffin. I guess my point is I don't think he represents any sort of threat to run of the mill white folk like myself. He's not throwing people in prison for having leaves in their pocket, he's not threatening me with armed men if I don't give him almost half my income. He's not sending troops and drones around the world to prop up his power.

I could be wrong, but I've never heard him advocate violence except for self defense. So he rails against the jooos--people here do the same, so he does seem to have a streak of collectivism. I suspect if I were a member of an ethnic group that had been subjected to slavery and political and economic disenfranchisement for hundreds of years because of my appearance I'd be tempted to see thing that way myself. And there are more than a few people in the liberty/prepper community who see immigration from a collectivist perspective whether they want to accept and admit it or not.

I guess it is a matter of looking at things with a set of clear principles rather than a piecemeal patchwork of slogans and talking points. To each his own.

This is Turd's bailiwick and he has expressed his preference on the matter so this is the last I'll say about it on Main Street out of respect for him and the tender sensibilities of any newcomers who happen to be reading these very public posts.


Aug 18, 2012 - 8:52am


First, there really aren't many gold bugs that actually own gold in their presonal possession.

Second, remember, all paper gold will be gone. In essence, all the current value of all gold, real and paper, will be consolidated into just the physical. Therefore, there won't be that much new money created, which is what it takes for general inflation to occur.

Third, gold will be recognized as the wealth storage facility nonpareil. People won't be trading gold, but seeking it out, as nothing else will maintain value as well. Some will certainly be sold, but I don't think it will be emptied onto the world's markets all at once.

RoarkDoctor J
Aug 18, 2012 - 8:51am

King Louis. @Doc Jerome

It is rare that I take issue with Dr. Jerome, but I had to comment on this comment about Louis F: "...I don't think he is that far from us at all..." A few words of wisdom: 1). Never hug a porcupine. They dont like it, and you wont be thrilled by the results either. 2). If Louis had faith the size of a mustard seed, he could take the lightning rods off his steeple (minarets) 3). The enemy of my enemy is not necessarily my friend. So now the endless voice has some heartburn with the bankers? Shocking. He has a problem with just about everything out there. Tolerance isnt his strong suit. In his younger days, he ranted and railed openly about Evil Whitey and how this would soon be the land of Allah. The fact he may now have a new target to pick on just makes me want to hat-tip the bankers. Why? Because while he is working on a mad about the Rothchilds, he isnt picking a fight against me. Naw. Doc J, I love ya like a brother, but we agree to disagree on this one. You can respect him all you want but when he comes to the town hall here in Mayberry, we have some salt-of-the-earth folks who might want to have a discussion with the lad. Tigers never change their stripes. Anyone remember Jane Fonda?

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Recent Comments

by Dreej, 1 min 31 sec ago
by Connie, 4 min 49 sec ago
by AIJ Tahoe, 14 min 8 sec ago
by California Lawyer, 17 min 3 sec ago
by Connie, 17 min 59 sec ago
by benque, 25 min 20 sec ago

Forum Discussion

by mrcic, 1 hour 38 min ago
by scoremore, 2 hours 45 min ago
by canadapleasure, 8 hours 25 min ago
by scoremore, Jan 19, 2021 - 10:56pm