The Week That Was

Sat, Sep 15, 2012 - 12:03pm

I tried to warn you that this week was going to be wild. I expected the pressure and intensity to ramp up with each successive day and it most certainly did. By Friday, everyone was ready for the weekend. That's fine but, come Monday, you'd better be ready.

What a fantastic week we had. Made even more special by the fact that we were set up for a disaster. Recall that I had been warning you for about 10 days that a Cartel Raid seemed on the horizon. They looked like they were once again setting everyone up for a massive beatdown. By the looks of the CoT yesterday, I was exactly right.

The situation, as it turned out, was eerily similar. Let's take a look:

December 2011: The price of gold bottomed late in December 2011 at $1525. The CoT also "bottomed" at a total gross Cartel short position of 325,960 and a net short ratio (gross shorts divided by gross longs) of 1.98:1. The price of silver bottomed at $26.40. The silver CoT bottomed with 55,356 gross shorts and a net short ratio of 1.34:1.

Jan-Feb 2012: The metals then took off on a two month rally, peaking on Tuesday, February 28. Gold reached $1790 (+17%) and silver made it to $37.50 (+34%). The CoT taken that afternoon showed a complete reversal from December. Now the total gross short position in gold was 390,412 with a net short ratio of 2.69:1. The total gross short position in silver had reached 78,395 and a net short ratio of 2.32:1.

And what happened the next day, 2/29/12? Using The Bernank's Capitol Hill testimony as cover, the bid side of the metals was overwhelmed by Cartel manipulation and a 3-month, short-covering beatdown ensued.

Gold bottomed again almost exactly three months later on Wednesday, May 30, 2012 at $1537. Two days later, the employment report for May was released and QE has been on everyone's lips since. On Tuesday, May 29, the CoT once again looked like this:

May 2012: On 5/29/12, the total gross short position of The Gold Cartel stood at 300,917 and the net short ratio had fallen all the way to 1.77:1. In silver, the gross short position was back to 60,151 and the net short ratio had fallen back to 1.31:1.

It had all been a set-up. From the lows in December, spec money flowed into the metals and The Cartels welcomed every dollar. At the peak, The Bernank was rolled out in front of the cameras to put off QE and The Cartels attacked. Over the next 90 days, they covered all of their fresh shorts and then waited all summer to play the game again.

August-September 2011: The final bottom for gold occurred on June 28 at $1552 and silver reached $26.21. The CoT on June 26 was once again at a "bottom", too. On Tuesday, July 10, the total gross short position of The Gold Cartel was 316,165 and the net short ratio was 1.93:1. The total gross silver short position was 62,478 and the ratio was 1.29:1.

As of this past Tuesday, September 11, look how things had changed again. Prices had risen considerably. Gold closed on Tuesday at $1735 (+12%) and silver closed at $33.56 (+28%). The total Gold Cartel gross short position was once again 380,239 and the net short ratio was 2.66:1. The total Cartel gross silver short position was 79,478 and the net short ratio was 2.47:1.

The Cartels had set us up again. The point is this: If the Fed had "disappointed, if The Bernank had put off all new QE until after the election, there can be zero doubt that we would have, once again, seen a massive, manipulative raid on gold and silver.

In hindsight, do you recall the very sharp and brief spike down that occurred about 10 minutes before the Fedlines were released on Thursday? This was almost certainly someone or something with foreknowledge of the raid, attempting to front-run The Cartels. By now, we all know what happened, instead. Rather than being "saved" by The Bernank and using "no QE" as cover to screw everyone once more, QE~ was announced and now The Cartels are trapped!

We'll use the days ahead to go into greater detail on the implications of this but rest assured for today that sharply higher prices are coming. QE~ only serves to increase the global demand for physical metal. This demand will underpin any attempts by The Cartels to start a selloff. Over time, they will be forced to cover at an accelerating pace, similar to April 2011 in silver and August 2011 in gold. There will be panics and you can count on every dirty trick imaginable being thrown at the "markets". This time, however, it's not going to work. With QE~ as a backdrop, every dip will be bought, each successive low will be higher. The overconfident and greedy fools could/should have used this time to draw flat and perhaps even go net long. Instead they arrogantly chose to play their games one more time. This time, however, they will lose. The game is over and the fireworks have begun, even if the players seemingly haven't yet heard the final whistle.

Only one reading assignment this weekend and it's this piece from Brandon Smith at Alt-Market. This is one that you need to read carefully and then print it off and keep for posterity.

Lastly, once again I beg everyone to recognize that this main thread is for the discussion of precious metals and issues affecting such. It is OK to reference events in the MENA as the current situation there clearly has an impact on the global economy, the price of oil and the equity markets. It is not OK to get into pissing matches regarding "radical Islam", "Zionism", "American Imperialism" and the like. There are forums for that and I've even gone to the trouble of setting one up for you: Going forward, I am simply going to delete and remove comments from this main thread that I feel are set to hijack the discussion and turn people away from the education that this site provides. No exceptions. Got it?

OK, with that, I wish everyone a fantastic and restful weekend. Come back on Monday prepared for another wild and crazy week.


About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 15, 2012 - 8:11pm

Colloidal Silver

Is that some sort of nasty autoimmune bowel disease?

Sep 15, 2012 - 8:12pm

James Corbett is one of the best Journalists we have available

He is incredibly thorough, and his written work is always filled with documented supporting evidence.

It is small wonder that Bob Chapman turned his International Forecaster over to him.

Fridays show is on Osama and though it is a replay, I hadn't heard it before.

Sep 15, 2012 - 8:25pm
Sep 15, 2012 - 8:25pm

The next step in your test

The next step in your test should be to put some of your colloidal silver into tissue culture.

Yes, silver IS toxic (we tested it extensively in vitro in my former lab), and it is known to accumulate in the liver and in fat around the body (which is how you get blue skin). The long term effects on the liver are not known, but ODing on that stuff will at least turn you blue, literally.

If you want to avoid potential dose issues, I would suggest you do what a poster suggested recently, and just eat your cereal in the mornings with a silver spoon. That is where the phrase "born with a silver spoon in his mouth" came from, as babies were fed with silver spoons, which decreased childhood disease.

Or better yet, get SeLECT Defense sealant put on your teeth. Not only does it block bacterial attachment 100%, it also stimulates immunity and anecdotally may lower blood pressure.

If you are interested, ask your local dentist or orthodontist to order some for you. Here is the website:

I just happen to be one of the inventors :) Also, I am no longer affiliated with the company, so I have no financial interest in it. The stuff really works. I have it on my teeth. I only brush to get food particles off, maybe once a week, or after a meal full of simple carbohydrates, which seem to stick a lot more easily than other things. My blood pressure went from stage II hypertensive to 120/60 after getting it put on.

Sep 15, 2012 - 8:43pm

Confrontational posting

When the kids start acting out, I take full advantage of the Ignore User button. Indeed, of the 4 or 5 I've chosen to Ignore, several are very prolific posters. Saves me a lot of time while scanning posts and gives them more time to squeeze their acne.

beinki Mariposa de Oro
Sep 15, 2012 - 8:48pm


I would have to know more about your friends tests before I could make an evaluation or you can send me a sample and I could do tests or I could send your friend my silver for her to try. I am glad to see intelligent conversations on colloidal silver and I would add that every silver generator out there whether homemade, 9 volt battery or commercial makes ONLY an ionic silver solution. It is not until you add electrons to the ionic silver which then forms atom sized silver collides do you have a true colloidal silver. Ionic silver works well topically and in the nose eyes and mouth or with a nebulizer. Colloidal silver is best used orally as the hydrochloric acid in the stomach does not affect it like it does ionic silver. CS can also be nebulized. hope this helped.

S Roche
Sep 15, 2012 - 8:50pm

Fibonacci levels...

Our good friend Jeanne d'Arc has a very interesting post here for traders

Sep 15, 2012 - 8:56pm

Post 2008 silver chart

I just love how the trend from late 2008 resumes at the beginning of August before the current month long spike.

Sep 15, 2012 - 8:57pm

Under Pressure

QUEEN - Under Pressure

Sep 15, 2012 - 9:02pm

S African police launch major crackdown on mining unrest:

Sunday, September 16, 2012

S African police launch major crackdown on mining unrest

* Police fire rubber bullets to disperse hundreds of workers

MARIKANA: South African police on Saturday fired rubber bullets, raided worker hostels and seized traditional weapons at platinum giant Lonmin in a crackdown on rising unrest in the key mining industry.

A military helicopter arrived as backup after security forces used rubber bullets to disperse hundreds of workers in a shantytown near where police shot dead 34 people last month at the London-listed company’s Marikana mine.

“Wherever we see this unruly behaviour and people taking the law into their hands by embarking on unprotected gatherings and illegal gatherings, we are definitely going to act,” police spokesman Thulani Ngubane said. “The police are not going to hesitate to act. We are going to act as we have started acting and we are going to continue doing that.”

The raids are the first use of force by police since the bloodshed on August 16, which shocked the world with its echoes of apartheid brutality. Officers had since been monitoring a spike in protests in the country’s platinum belt from afar. Police moved into Marikana less than 24 hours after government announced a security clampdown on the unrest that has forced three leading platinum producers to halt mining operations on the richest deposits in the world.


Sep 15, 2012 - 9:11pm

'A' Side: The Song Remains The Same / via video

Is everyone having fun yet?

If not...

Led Zeppelin Rock And Roll And Celebration Day Live MSG 1973
Led Zeppelin - The Song Remains The Same Live (HD)
Led Zeppelin - The Rain Song Live (HD)

Sep 15, 2012 - 9:13pm

Colloidal Silver

Suck on a quarter. (There is an "allergic reaction" to colloidal silver. It can be extremly painful, and scarey.)

Darth Smoker
Sep 15, 2012 - 9:22pm

re: colloidal silver

A Quarter has a nickel.

and nickel is toxic

fyi there is a new Colloidal silver thread

Dyna mo hum
Sep 15, 2012 - 9:25pm
Sep 15, 2012 - 9:26pm

leg humping herd


Just back from dinner with the wife.

I thought the comment was funny. Im not religious in the least so I didnt follow the religiowars.

Not trying to instigate or offend.

Sep 15, 2012 - 9:30pm

Skip to 0:50 sec

My mental image of the back and forth bantering...

Hope you enjoy.

Soggy Flappy Faces in Slow Motion - The Slow Mo Guys
Sep 15, 2012 - 9:32pm

Led Zeppelin


Arguably still the best Rock n Roll band ever. IMHO.

Sep 15, 2012 - 9:42pm


It would be nice to have a Gold and Silver window at Walmart. Just step up and exchange your ounces for Walmart credits. I wonder if those credits would be taxable? I know it is illegal to use lawful money.

Sep 15, 2012 - 9:44pm

Courtesy of the SpeakEasy TV

Ayn Rand and the Prophecy of Atlas Shrugged (2012)!watch/373081?c=documentaries

B. Bernanke: "QE is necessary....the benefits outweigh the costs." Jackson Hole ~ 8/31/12

Sep 15, 2012 - 10:48pm

Why have American's given up the Principles of their own country

"Apparently, Americans are the first people in history who are so idealistic, or so thoroughly brainwashed, that they prefer to pay for wars and bail out banks than to make their mortgage payments and help their children with student loan debt."


My comments:

But let us remember, it's the Muslim's that did all of this, it wasn't US allowing our government to go rouge.

"Nope, it's the damn ragheads that don't like my freedom to eat bacon with my eggs in the morning."

"Yep, just got a NEW credit card in the mail this morning. This is what freedom is all about, even raised the limit higher than the last three."

"I'm gonna use this one to send money to support the troops."

"Better we fight them over there than over here."


And all of the hard fought effort of the Rule of Law, Individual Rights, and personal freedom are conquered. All the blood wasted, for naught. Some people just watch too much TV.


Sep 15, 2012 - 10:54pm

silver - stack it, don't eat it

what actual science has to say:

don't waste time on medicinal quackery. It is everywhere. Steve Jobs may (maybe, no way to know for sure) have lived had he not tried nonsense before he tried a proven therapy

Sep 15, 2012 - 11:03pm

Harvey's Up!

Today Harvey has info on FDIC seized banks, the Commitment of Traders Report, Dan Norcini about gold and silver, gold buying in the world's largest retail market (India), and much more at

Sep 15, 2012 - 11:07pm


...a great Sunday, Turd!

Sep 15, 2012 - 11:07pm

If the recommendation is to....

If the recommendation is to buy silver when it dips, what if it does not "dip" from here?

How long would you wait to see a dip? A couple days? This week?

Sep 15, 2012 - 11:07pm

Submitted by Tube

WOW, over 2 million hits!

Great demonstration of what America has come to.

Hat tip to YOU!

Mariposa de Oro beinki
Sep 15, 2012 - 11:19pm


Okay Beinki,

I'll find out how she did the test and get back with you. I used a generator that provides 28vdc when I make the solutions. I did two batches and let it run for three hours. It seemed to help my friend's cat with a viral eye infection so I'm baffled that my other friend's lab test didn't have any effect. It may take a few days for me to get back with you. I've been pulling 12 hours shifts. Today is day 6.....

Sep 15, 2012 - 11:31pm

@DPH: China and Japan. I

@DPH: China and Japan.

I believe the proper response to this is something "Oh, shit."

Urban Roman
Sep 15, 2012 - 11:35pm

The Ignore List

Isn't it kind of silly to tell someone you're ignoring them? I mean that is a form of attention too.

If someone annoys you, just click 'ignore' ... if you are curious about what they say, then un-ignore or whatever. It isn't necessary to announce it.

Sep 15, 2012 - 11:38pm


Much appreciate your response.......I put a new thread on this subject in Preparing Accordingly.

I do want to clear up something before it goes further......The use of Colloidal Silver is not being propped as a cure for anything, especially when taken orally......there are many other uses that the medical community is opening their eyes to.

The Colloidal Silver thread is for those interested in it's uses, and for people to opine their own experiences, both good or bad, nothing more.

Sep 15, 2012 - 11:42pm

A couple things...


The "cartel" new about QE3. Don't be fools. They are not trapped by accident. STOP PRETENDING THIS IS THE CASE, TURD. Geeeez. If you don't know this by now, what on Earth are you doing with this site!!?? It is all 10000000% INTENTIONAL. Every move. Every action. They are actors. It is THEATRE. They pretend to be "trapped". Accept it and move on. They will use this to take down the system and cripple people and institutions, even themselves....except, they won't die. They'll cannibalize one (or many) of their own to keep breathing, print and send metals to unfathomable highs. Bernanke loves metals. Given that, doesn't his public hatred of them make sense?? He isn't about to go out and tell people to buy them. Barbaric relics...remember?


For the BEST, most pure, Colloidal Silver, go to

This company is mom and pop. They have all of the research literature on their old school website you could ever dream of and their product is top of the line. I would also recommend highly that to become your own hospital, (in addition to your own food supplier and central bank) you read the work of Hulda Clark from New Zealand. She'll teach you how to cure ANYTHING.

All the best in all that you do,



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