Turd for Nobel Prize in 2013

283
Fri, Oct 12, 2012 - 11:31am

I mean, why not? Plus, I could use the cash!

First, Al Freaking Gore wins the Peace Prize for...what exactly? And then O'Bottom wins it...why again did he win it? And now, the sanctimonious Nobel Committee awards the Peace Prize to...The European Union? WTF?!? Don't you have to be an individual to win? Is this what Alfred Nobel intended? "Let's just reward and congratulate ourselves on being such wonderful and peaceful bureaucrats!". Seriously? Seriously. Oh well, the EU does need the cash. So, the campaign starts today. Screw the presidency, I want The Prize!

TURD FOR NOBEL PRIZE IN 2013

https://online.wsj.com/article/SB10000872396390444799904578051960191363312.html

One group definitely NOT deserving of any prize is The Evil Empire and their willing accomplices at the Comex. We've now had to endure Comex-opening beatdowns on 8 of the last 10 days. This is unbelievable and unprecedented. I don't think I've ever printed so many 1-minute charts and, frankly, I'm sick of it. Here are just a few:

And here are the "bloody gloves" from today's crime scene:

If I sound frustrated, it's because I am. These Comex games are enough to drive you to drink. We here know that physical metal is your only financial protection and investors worldwide are fast coming to the same conclusion. Regardless, the phony-baloney Comex paper price is still manipulated for the benefit of a select few. Whatever. Screw 'em. They'll get their comeuppance soon enough.

In the bigger picture on the longer-term charts, you can clearly see that they are making very little, actual progress. In fact, the shorts appear to be playing a losing game here. EVERY attempt to jab price lower is being met with stiff demand, not further selling. EVENTUALLY (soon), longs will be emboldened and, once some resistance levels are breached, the recent shorts will be forced to cover.

For now, keep your eye on $33.60 silver as this level has been attacked repeatedly this week and has held each time. Should a rally develop later today or early next week, our target remains $34.35. As, above there, shorts will begin to get squeezed and face capitulation.

And gold is looking to put in a "bowl" or "cup" shaped bottom on these charts. I'm always fascinated by these patterns when they come together as, when they work out, they almost seem predesigned and predestined.

Just two bits of reading today. First, Detlev Schlichter has penned another beauty: https://detlevschlichter.com/2012/10/we-are-on-the-road-to-serfdom

And our pal, Paul Mylchreest, has written up another lengthy report. Great stuff, as usual, and he was even kind enough to include a reference to some of our work here.

TRR28

OK, that's all for now. Please check back later as I will try to post some thoughts on the CoT when it's released. It should be somewhat interesting as OI declined over the survey week and we'll get some idea of just who was selling/covering.

Have a great day!

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  283 Comments

JML-2012
Oct 12, 2012 - 11:33am

Top 2

Deuce

Nana
Oct 12, 2012 - 11:34am

And The Prize Goes To

Fill in the blank_______.

Karankawa
Oct 12, 2012 - 11:34am

2nd

? NOPE. ThURD.

Kcap
Oct 12, 2012 - 11:35am

Kcap was going to post first.

You know what that means! (if you remember last time...)

Kcap

proformatrillionaire
Oct 12, 2012 - 11:36am

2nd

I get the silver metal. One of these days it might be worth 4 fiat digits. I can only hope. I would settle for 3.

silverstool
Oct 12, 2012 - 11:36am

Could I? Should I. Why no.

Could I? Should I? Damn this internet connection is slow!

Istack
Oct 12, 2012 - 11:41am
Oct 12, 2012 - 11:42am

I walked my dog... that's a Peace Prize!

Why not, Turd? "I drew a chart... Peace Prize!"

I GOTS'A PEACE PRIZE! (Official Song)
Oct 12, 2012 - 11:45am

Nobel prize money

I wonder what the EU will do with the 1.2 million prize money. I bet they buy gold!

ReachWest
Oct 12, 2012 - 11:46am

Gigantic Charade

Thanks for the update, Turd.

The bastards sure seem to be acting like an injured and cornered animal. The more desperate they become, the more dangerous they are, IMO.

There is little left to "believe" in these markets. Stats, data, prices? All contrived. It's all a gigantic charade. All fantasy. The only thing real is ounces. Forget the $ value, because it's totally disconnected from reality.

We finally get QE3 and it's bigger than any of us imagined - and - what happens? The metals are jammed sideways, day after day. Damn. I'm tired of this.

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