Seymour Butts

384
Thu, Sep 6, 2012 - 11:18am

I have no idea why I titled this post the way I did. I guess, after a morning spent on the rollercoaster with a soundtrack of Draghi-speak, I must be feeling a little punchy.

Anyway, if you haven't yet reviewed the previous post, please do so. Though Draghi has capped the rally for now, any weakness today will long since be forgotten if we get an 80,000 NFP tomorrow.

It's great to see gold back above 1700 and silver is pushing up against the magical 33. These levels could very easily be the basis for a consolidation phase and, if the BLSBS comes in stronger than expected, they might very well be. But the charts look terrific and, as stated in the previous post, the CoT likely has room in it for a further extension of this rally before The Cartels aggressively step in. Therefore, I still think that gold may see 1750+ before any type of significant raid occurs. Silver could easily extend toward 35, too. We'll see. Tomorrow will be an important day.

GATA's Bill Murphy has been making the rounds as of late. He was in Washington for meetings yesterday and his schedule included a visit with The Lovely Lauren. Please take the time to watch this entire clip. Lauren asks great questions and Bill provides articulate answers.

GATA's Bill Murphy on the JP Morgan Silver Shortage and the next Bullion Bank Run!

Speaking of the BLSBS, anyone silly enough to waste time watching O'bottom tonight may, as a bonus, get a tip-off regarding tomorrow's data. https://blogs.wsj.com/economics/2012/09/05/obamas-thursday-night-secret-about-jobs/

Regarding Draghi and the ECB, a much larger moment looms next Wednesday when the German Constitutional Court rules on whether Germany can participate in some of the ECB/EU rescue plans. I saw John Browne at FreedomFest. He's a very sharp guy and he has an excellent summary here: https://www.europac.net/commentaries/september_12th_looms_large_germany

Here's a brief but solid interview of GoldMoney's Alasdair Macleod. Recall that I "met" Alasdair last month and came away very impressed with his knowledge and wisdom. https://www.goldmoney.com/gold-research/newsdesk/cometis-interview-with-alasdair-macleod.html?gmrefcode=gata

And I'm sure that these two stories are completely unrelated. Got UCO? https://www.debka.com/article/22336/Turkish-officers-take-command-of-Syrian-rebel-brigades-N-Israel-on-alert & https://www.foxnews.com/world/2012/09/06/25-killed-in-turkey-ammunition-depot-blast/

Finally, today, I simply want to draw your attention to our current group of advertisers and supporters. Internet sites can be "noisy" with ads and I know that sometimes they can be easy to overlook. The only ad space I sell is along the right side of the homepage, above and below the kitco charts. Your tour, this morning, begins at the top of the page.

  • First, there's a block for the Hard Asset Alliance. As discussed last month, the HAA is our bullion/coin affiliation. Any purchases made there that initiate from this site generate a small commission for yours truly. You can read more here: https://www.tfmetalsreport.com/podcast/4087/finally-tfmr-bullion-and-coi...
  • Next is our newest sponsor, MiningStockValuator.com. This is a subscription service but it also offers plenty of information free of charge. You can read more here: https://miningstockvaluator.com/goldmember.php. Once you've checked it out, if you decide to subscribe you should use the promo code "turdite" and you'll get a 25% discount. Anyone who is currently interested in, or investing in, the miners should strongly consider this service.
  • The next block is a Google ad. The content here is provided by Google on an individual basis, according to the cookies placed on your computer by other sites that you frequent.
  • Below that is a marketing piece for Santa's company, Tanzanian Royalty Exploration. Jim decided a few months back that he wanted to raise investor awareness of TRX and help support some of the websites that he considers valuable. I am honored that he chose TFMR as part of this program.
  • Directly below the kitco charts, you'll find an ad for Provident Metals. They are a great bullion and coin dealer and I encourage you to click their ad/link the next time you are ready to add to your stack. As always, you should be shopping around for the best deal and, though HAA is our direct affiliation, you should obviously consider other options, too. Provident provides great customer service and I appreciate their support of my efforts.
  • Lastly, I'll soon be adding a "BUY" button, next to the "DONATE" button at the top of the page. What can you buy, you ask? The site benefits from any purchase you make at Amazon, provided you go directly to Amazon from TFMR. We also have a link to our "TurdMart" where you can purchase all sorts of fabulous TurdGear. (Never too early for some Christmas shopping!) https://www.tfmetalsreport.com/store I've also added a "prepping" affiliation. Though we don't have the link up yet, I encourage you to check them out. Pretty cool stuff and TFMR gets a little commishkey from this place, too, if you choose to buy anything. https://www.stpaulmercantile.com/index.php?ref=Turd&action=store&page=FamilyPreparedness

OK, that's all for now. The metals are rebounding and looking good. Though the basis for my "historic" rally has not yet been factored into the markets (at least I don't think so), I'd like to think that my faith in the coming blastoff inspired you to hang in there and add to positions when silver was languishing between $26 and $28. Now approaching $33, we are all in the enviable position of being UP and silver still has a long ways to run.

Have a great day and be ready for tomorrow!

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  384 Comments

StevenBHorse
Sep 6, 2012 - 11:19am

More ballerish action

Too bad LL didn't say "balls deep"

Sep 6, 2012 - 11:24am

I'm hearing that The Fool

I'm hearing that The Fool Gartman has mentioned in his newsletter today that he, too, is hearing of significant supply/delivery issues in silver. Does anyone here actually pay money for this service? If so, can you confirm?

squib
Sep 6, 2012 - 11:27am

gold

Gold, silver...but more importantly food/water, shelter and protection.

I often wonder how something so obvious, that they print 'money', goes unnoticed by so many. And if not unnoticed, no one seems to care.

Welcome to the matrix. Deal.

Ok, now I can get on with the day as I remind myself what is important in life.

Beez
Sep 6, 2012 - 11:27am

Thanks for the ad info

I always wondered about this so now I don't have to be so nervous about clicking on the ads.

"The only ad space I sell is along the right side of the homepage, above and below the kitco charts."

Money By Trading
Sep 6, 2012 - 11:31am

Not the time to step on the gas

Now is not the time to be greedy. Those with moderate positions should hold long and strong. Those heavy or leveraged should sell some.

https://wp.me/p2CT0a-5f

Paladex
Sep 6, 2012 - 11:34am

Economic Strangulation

Governments worldwide are doing everything possible to drive money underground. Martin Armstrong drew attention to an unpublicized law that is requiring all financial institutions worldwide to declare assets in excess of $3,000 held by Americans regardless of when they were deposited.

https://armstrongeconomics.com/2012/09/06/the-us-law-that-is-destroying-...

This shows exactly why physical ownership of precious metals is so vital. You must get your cash out of the system, and into something tangible. If Swiss banks are being required to report the contents of safety deposit boxes held by Americans, it's only a matter of time before American banks audit and declare the contents of safety deposit boxes in this country.

Absorbing Jr.
Sep 6, 2012 - 11:36am

Famous Author!

Under The Grandstand was his most popular and well known works.

Seymour Butts was one of the all time literary greats!

snoochieboochies
Sep 6, 2012 - 11:37am

The amazon button is a great

The amazon button is a great idea, i shop on there a lot.

realitybiter
Sep 6, 2012 - 11:37am

paper death

You didn't really think it would be a massive coronary with no warning did you? I can only imagine that many people, like me, have walked away entirely from the futures market. I have told three different brokers that they need to find new lines of work - LCD? It will not be until the perps lose ALL of their business when they will consider reforming their cancerous, unethical, immoral practices....

https://www.kitco.com/reports/KitcoNews20120905DeC_CME.html

down 44% year over year

Peaches Marie
Sep 6, 2012 - 11:38am

Rick Ackerman Impromtu Webinar

Impromptu session will start at 11:30 a.m. EDT.
Rick Ackerman 10:07 AM (15 minutes ago)

I will send out another e-mail with a link and access code at 11:25. All are invited, including friends.

I would expect that he will give his (short-term) analysis for Gold and Silver futures based on his Hidden Pivot method. I'll post the link when I receive it so my "friends" can take a peek.

To join the impromptu session: Go to www.joinwebinar.com and use session ID 625590730

Hope the moderator doesn't take too long to post this.

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
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
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
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
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

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