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

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foggyroadNick Elway
Sep 9, 2012 - 8:18pm

Nick Elway And DayStar

Thanks for sharing.

I appreciate Your insights.

Best regards.

I Run Bartertown
Sep 7, 2012 - 8:06pm

Hrunner

Patrick Henry. I like that .

Your description made me think of this guy:

"Casimir Pulaski, or Kazimierz Pułaski in Polish (Polish pronunciation: [kaʑiˈmʲɛʂ puˈwaski] ( listen); full name in Polish: Kazimierz Michał Wacław Wiktor Pułaski) of Ślepowron coat-of-arms (March 6, 1745[1] – October 11, 1779) was a Polish nobleman, soldier and military commander who has been called "the father of American cavalry". ...

he emigrated to North America as asoldier of fortune, following the endorsement of Benjamin Franklin. During theAmerican Revolutionary War, he saved the life of George Washington and became a general in the Continental Army. He created the Pulaski Cavalry Legion and reformed the American cavalry.

He has been remembered as a hero fighting for independence and freedom both in Poland and in the United States. Numerous places and events are named in his honor, and he is commemorated by many works of art." https://en.wikipedia.org/wiki/Casimir_Pulaski

paulindoon
Sep 7, 2012 - 12:08pm

There is a new thread - just saying!

There is a new thread - just saying!

DayStarNick Elway
Sep 7, 2012 - 12:03pm

RE: Lindsey Williams Interview

Nick, I covered this a lot last night on Harvey https://www.tfmetalsreport.com/forum/4132/harvey-organ-should-be-interes.... I listened to Lindsey, and like you said, it is a lot of work, as in "I-must-not-pull-out-hair!" wishing he would ever get to his 5 minutes of real news. He drives me crazy with his padding the dialog on an hour long show where he has five minutes of something to say.

My money is on Skousen because he fits with prophecy. The bit about the elite just wanting to take over does not fit with culling the herd or the effects of WWIII that will happen when the ME kicks off. It is certain that if there is a war, we will lose the grid, and that certainly will thin the herd, as in about 90%. The elites may want to do this without a revolution, but they don't want to do it without thinning the herd. See the Georgia Guidestones. The American elites may want to just get along, but the overarching plan of WWIII (see Albert Pike's 1871 recounting of the plan for three world wars) will see to it that we get a herd culling event.

Lindsey went an hour fluffing about stuff he says every interview, and then he got to the end, and didn't even have time to explain what he meant by "trade war". Also, it looks to me like Draghi kicked off the currency wars yesterday with his QE to infinity announcement. Next up should be trade wars where you see tariffs going into place. When the interest rates take off, Katie bar the door! Rapidly rising interest rates will cause bad, bad problems for interest rate based derivatives, and when the quadrillion in derivatives starts coming due, Katie, put two bars on the door! <g>

DayStar

JackTphilipat
Sep 7, 2012 - 11:51am

@philipat re: humor

This "Yank" agrees entirely. Just as The Beatles set the high-water mark for rock & roll, Monty Python is, and shall remain, the peak of comedy. American comedy of the period could not hold a candle to MP. I always found Laugh-In, etc. to be unbearable, and overall what passes for comedy has degraded steadily to what we find today: a mix of slapstick, euphemisms for sexual acts & trite double entendres and shall continue to devolve to the enevitable, endless fart joke set in a talent show environment.

Although, while on the subject of drunkenness and comedy, I would be remiss by not mentioning Derek and Clive (Peter Cook/Dudley Moore), who certainly had their share of hilarious moments and pushed the cultural boundaries well out from their former limits! However, they could not come close to matching the volume and duration of the Pythons.

In print, however, PJ O'Rourke is the grand master. No one has ever come close to his rate of a giggle per paragraph and a guffaw per page. (Ex. "Suicide is best done with a firearm. Pills are too chancy. One might misjudge the dosage and simply have a good time.") Remarkably he still manages to educate. For instance in "All the trouble in the world" he finds the lighter side of plague, ethnic hatred, war, famine, etc. That takes talent.

Funny, silly men, all.

Larry
Sep 7, 2012 - 11:47am

@Larry

I should have clarified. I agree that I do not produce tangible goods as an attorney. You are totally correct. What I meant by "productive" is almost an either or proposition:

Productive = PRIVATE sector activity that generates revenue, from which taxes are paid and flow to the govt.

Unproductive = recipients of govt transfer payments

For example, some lawyer friends of mine work exclusively for clients, which are govt agencies. How are they productive? They do fantastic legal work, but their compensation derives from public tax dollars. In that regard, they fall into the semi-productive category, but really, are no different than those public employee union members who earn fantastic salaries paid by taxpayers. In the end, they are a net drain FROM the productive.

I think of it like this: if there were drastically reduced taxes, which public services, and thus public workers, would actually exist? Could not the local folks agree to privately fund their own fire department, for example? Could not the local folks agree to fund a very small law enforcement staff, supplemented by private sector contract workers for things like the jail, admin, etc? The old days there was a sheriff, and when necessary, a posse was staffed. Why can't we go back to that model? In the city where I live, the ratio of cops to citizens is 1 to 1,000. Why can't we have a small police force, or sheriff, and the rest are part time citizen volunteers? Heck, I would volunteer to be a local reserve deputy. Give me a gun and a badge and I will be happy to serve from time to time.

Anyhow, that is what I meant.

As far as me being part of the productive, I generate ZERO from govt sources. I get my revenue strictly from the private sector. I am in the service business, I agree. But, with the laws as they exist, I will always be necessary to guide the folks through the maze. Kind of like a teacher. They produce intelligent kids. I feel like I produce value by helping folks redress legal wrongs instead of suffering.

Basically, I take my intellect and training, and produce a pile of money based on a legal wrong. When a 25 year old female employee, alone with her boss at night, nearly gets raped, goes to the emergency room, and suffers debilitating mental anxiety, I am there to help her. We solved her problem for $300,000. The company got rid of the bad boss, my client got a nice recovery, I got paid, on we go. I make no apologies for what I do.

But still, I would sure like to have a ranch or farm, and have sharecroppers someday.

As for the LA Times article and their statistics, I do not accept those stats wholeheartedly. I certainly do not see the evidence of such illegals in my day to day. I do agree that there is a giant illegal problem, but those numbers seem a bit high, who knows?

As far as getting the hell out of here (So. Cal.), believe me, that is a constant thought. And I appreciate you reminding me to be vigilant.

SIlverbee
Sep 7, 2012 - 11:47am

The bad thing is this only gets us back to 18 months ago

With the silver price. The good thing is six weeks later is was $49.

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Sisyphus
Sep 7, 2012 - 11:31am

@stingbee30

Thanks! Good to know.

Nick ElwaySRSrocco
Sep 7, 2012 - 11:26am

RE: ANOTHER LINDSEY WILLIAMS INTERVIEW...

@SRS I listened to it..(that's a lot like work)

https://radio.goldseek.com/nuggets/williams.09.05.12.mp3

My favorite paranoid Skousen thinks the quality of Lindsey's information has gone down since Fromm passed, here are my notes:

Agree: Russia has turned back on Syria, not sure how NWO pursuaded Putin to back off [Skousen said Russia would back off after a bit of bluster]
Agree: Assad slowed down the elitist plan by 6 months
Maybe not: Elite is pissed with Obama for stopping Keystone pipeline (would have been needed to produce Gull Island) Obama did it because he's a Muslim and he set up the Muslim Brotherhood to finance his re-election.
30 minutes: The elite has now turned on Obama.

33 minutes: Elite doesn't need a conflict between Iran and Israel [Skousen's accidental City-of-London leak from years ago had Israel/Iran war followed by Russia/China/US nuclear exchange]

Tend to believe: The elite plan is to turn over all of the MENA countries to the Muslim brotherhood (Saudia Arabia after Syria)

Stated reason(I tend to doubt): to get oil to $150 per barrel

[The resulting map looks a lot like 2016 the movie and like Skousen's, and having the muslim brotherhood in charge surprised me (I thought the elite wanted control of mideast oil) but it makes sense from Beck's "Muslim Caliphate", Obama being a Muslim, and the elite wanting it to trigger the big cull (if SRSrocco is right that Gull island is a myth). I hope SRS is wrong because I don't want the big cull]

34 minutes: Liberty Rig (BP) will start drilling again when they see that price will cross $150. They are trying to keep a blowout from happening when they drill into the giant pool.
Gull island is the biggest oil find ever.

Maybe not: Gull Island (let SRSrocco deal with this)
Maybe not: Bakken production (let SRSrocco deal with this)

Agree: All paper will be worth the paper it is written on
Agree: It is not the gas that's going up in price, it is the dollar coming down

57 minutes:

Agree: Financial collapse will be the biggest worldwide collapse ever.
Agree: It is about control They are taking over, expect to NWO to stay in control forever.
Agree: The purpose of this engineered collapse is to bring in the NWO by starving the population. Starving people will accept the NWO.

Maybe not: You don't see OWS anymore because NWO didn't want to see them. They'd like to do it without a revolution.

Maybe not: $7 a gallon gasoline before end of 2012

Agree: It isn't an ism, it is just the NWO in charge

Maybe not: They don't want to destroy the US, Russia, China [Population control, culling 6 billion with nuclear/biological war also makes sense to me]


Agree: Currency wars portend start of derivative collapse (competitive devaluation)
China float, Brazil warned against QE3
QE3 and Brazil calls it the start of currency war
Foreign holders of US Bonds
Agree: Trade wars mean collapse is soon
Agree: When Fed announces higher interest rates: collapse is well under way, it is too late to prepare

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