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

Founder
turd [at] tfmetalsreport [dot] com ()

  283 Comments

Harald · Oct 13, 2012 - 10:10am

Unlike 55 Cancri e, RX J0822-4300 is moving in a straight line

While the speed of light is about 671 million miles per hour, RX J0822-4300 crawls along at a mere 3 million mph. An enormous very dense dead star, it’s expected to reach the edge of the Milky Way in about twenty million years.

One of the fastest moving solid objects ever discovered.

¤ · Oct 13, 2012 - 10:17am

Saturday Morning Market News

Gold: The New Asset Class For The Confused - Diane Francis, Financial Post

Dollar No Longer a Reserve Currency Barry Eichengreen, Financial Times

( https://www.ft.com/intl/cms/s/0/005370e2-1137-11e2-8d5f-00144feabdc0.htm... )

 A Recession Is Coming With a Jobless Rate of 14.7% - Peter Ferrara, Forbes


Surprise That Welch Missed: Better Growth - Chandra/Dorning, Bloomberg

Believe That Jobs Report or Apple? - Bill Fleckenstein, MSN Money

Obama Fights His Own Bull Market - Roben Farzad, BusinessWeek


Earnings Season, Election Could Keep Stocks on Edge - Patti Domm, CNBC

Fiscal Cliff? What About Dividend Cliff? - Jason Zweig, Wall Street Journal


Apple's Arrogance Propagates An Abuse of Power - Doug Kass, TheStreet

Casting Off 'Whale' Harder Than Dimon Thinks - Stephen Gandel, Fortune

A Hard Landing for University Endowments - James Stewart, NY Times


Mutual Fund Casinos Still Skimming Billions - Paul Farrell, MarketWatch


Fiscal Whiz Paul Ryan's "Benghazi Surprise" - Larry Kudlow, RCM

Obama Will Double Down on Lies About Taxes - David Asman, Fox Business


What Do Actual Doctors Think About Obamacare? - Scott Atlas MD, Forbes


Law & Disorder: America's Vulnerable Financial System - The Economist

Central Banks Can't Inflate Markets Forever - Mohamed El-Erian, CNBC

Crisis-Hit Europe Sees a Cruel Joke in EU Nobel - Karolina Tagaris, Reuters

Spain Cut to Junk, Stocks Soar? What Gives? - Mark Hulbert, MarketWatch


America's Biggest Banks Are Making a Killing - Alex Klein, The Daily Beast


Where Are the Mortgage Fraud Convictions? - Dunstan Prial, Fox Business


Profit Amputations Are 'Just a Flesh Wound' - Jonathan Weil, Bloomberg

The Resilience of Emerging-Markets - Michael Spence, Project Syndicate

California: China's Gateway to U.S. Investment? - Nin-Hai Tseng, Fortune


Why Joe Biden's Delaware Is A Big, Taxing Deal - Travis Brown, Forbes

Just How Much Should We Trust the CBO? - Sterling Wong, Minyanville


My Opinion On Governor Romney's Tax Plan - Mark Cuban, HuffingtonPost

¤ · Oct 13, 2012 - 10:23am

Saturday Morning World News

Why Netanyahu Backed Down on Iran - Allison & Feldman, New York Times

The Biden Doctrine - James Traub, Foreign Policy


Road to Hell Beckons for Europe - Patrick Smyth, Irish Times

Making Sense of China - Martin Jacques, BBC News


Sanctions Lose U.S. Friends in Iran - Djavad Salehi-Isfahani, Foreign Policy

Extremism Is Swallowing Pakistan - Doug Saunders, Globe and Mail


So Much for Turkey's 'Zero-Problems' Policy - Ramzy Baroud, Asia Times


Nobel Committee Embarrasses Itself - Again - Max Hastings, Daily Mail


Extremism Won't Derail Arab Spring - Patrick Theros, RealClearWorld


Extremists Will Win Arab Spring - Tim Marshall, The Spectator


China's Uncertain Path - Jonathan Levine, The National Interest

So, Pakistan, Still Like the Taliban Now? - Anees Jillani, Outlook India


Syria's Air Defenses a Paper Tiger - Michael Weiss, NOW Lebanon


Why Is South Korea Getting More Violent? - Steven Borowiec, Asia Sentinel

Canada Courts the Middle Powers - Paul Wells, Maclean's

Allies Will Be Temporary in New Mideast - Nikolas Gvosdev, WP Review

The Syrian War Is Spreading Beyond Syria - The Daily Star


Will the Muslim Brotherhood Rule Jordan Next? - The Economist


NATO - Not EU - Deserved Nobel Peace Prize - Globe and Mail


Nobel Prize a Fitting Tribute to the EU - The Scotsman

Why Iran Can't Follow China's Lead - Ray Takeyh, New York Times

Israel's Credibility Problem on Iran - Graham Allison, Foreign Policy


Arming Syria's Rebels: The Least Bad Option - Walter Russell Mead, TAI

China Wields Economic Club - Kevin Rafferty, Japan Times

EU Peace Prize Is Beyond Parody - Ian Martin, Daily Telegraph

America at War Without a Leader - Michael Gerson, Washington Post


Romney Wrong on Middle East, Defense Spending - Sen. Rand Paul, CNN


North Korea Quietly Working on Nukes - Leon Sigal, The National Interest

Gangnam Style? Not in North Korea - Laura Ling, Los Angeles Times


Britain Can't Escape Colonial Past - Gwynne Dyer, Winnipeg Free Press


British Politics Returns to Normal - Alex Massie, The Spectator

What Misogyny Looks Like in Modern Australia - PM Julia Gillard


Julia Gillard: Gender-General-in-Chief? - Dennis Shanahan, Australian

Can Venezuela Survive More Chavismo? - William Ratliff, Defining Ideas

Temples, Toilets and India's Shame - Amrit Dhillon, Globe and Mail

¤ · Oct 13, 2012 - 10:31am
¤ · Oct 13, 2012 - 10:36am

Charts: SPDR GLD & GOLD (3/30 Yr)

SPDR GOLD

gold

GOLD 3 Yr.

gold

GOLD 30 Yr.

gold

¤ · Oct 13, 2012 - 10:38am

Charts: Silver (3/30 Yr.)

SILVER 3 Yr.

silver

SILVER 30 Yr.

silver

¤ · Oct 13, 2012 - 10:41am

Charts: Oil / WTIC (3/30 Yr.)

WTIC 3 Yr.

wtic

WTIC 30 Yr.

wtic

¤ · Oct 13, 2012 - 10:49am

Stuck In The Middle With You / Going Up The Country

Stuck In The Middle With You - Stealers Wheel
Canned Heat - Going Up The Country (1969) 0815007
¤ · Oct 13, 2012 - 11:05am

Greece Will Probably Leave Euro Within Six Months

Greece Will Probably Leave Euro Within Six Months, Borg Says

By Johan Carlstrom and Josiane Kremer - Oct 13, 2012 9:27 AM ET

As European Union leaders prepare for a summit next week devoted to saving the euro, Swedish Finance Minister Anders Borg said Greece may quit the common currency within the next six months.

“It’s most probable that they will leave,” Borg said today on a conference call from Tokyo, where global finance officials have gathered for the annual meetings of theInternational Monetary Fund. “We shouldn’t rule out this happening in the next half-year.”

Borg’s warning comes a day after the EU was awarded the Nobel Peace Prize amid a financial crisis now in its third year and four days after German Chancellor Angela Merkel encountered rioters and anti-Nazi taunts on a trip to Athens. Merkel said she wants Greece to remain in the euro.

The so-called troika that oversees euro-area bailouts, comprised of officials from the European Commission, European Central Bank and IMF, has resumed talks with Greek officials after a pause that provided Prime Minister Antonis Samaras’s three-party coalition with backing to continue efforts to carve out 13.5 billion euros ($17.5 billion) of new budget cuts needed to unlock aid payments.

EU leaders meet in Brussels Oct. 18-19 to discuss their efforts to make the ECB Europe’s chief bank supervisor and plans to tighten economic and monetary ties within the bloc.

Aid Payment

Euro-area finance ministers on Oct. 8 saluted Greece’s determination to trim its budget and reshape its economy, while demanding that the government in Athens commit to a list of 89 policy steps before the summit and leaving open whether the next 31 billion-euro aid installment will be paid out in one go or dribbled out in smaller pieces....

https://www.bloomberg.com/news/2012-10-13/greece-will-probably-leave-eur...

alphamorph · Oct 13, 2012 - 11:27am

War

Just a week ago I was convinced that war in the ME was a foregone conclusion. And now, just 3 hours ago, this from Stratfor...

"Iran would negotiate limiting its 20 percent uranium enrichment if it is guaranteed to receive fuel for the Tehran Research Reactor, a spokesman for the Iranian Foreign Ministry said Oct. 12, Reuters reported Oct.13, citing Press TV. Iran expects any flexibility on its part to be reflected by reciprocal measures on the West's part, including recognizing Iran's right to enrich uranium, the spokesman said."

Seems things are cooling down faster than a 6 pack of Bud in a bucket of ice.
Hope so.

· Oct 13, 2012 - 11:53am
abguy4 · Oct 13, 2012 - 12:04pm

@ TURD's Nobel

Another Bubble Burst there kiddies???????????????

JFYI, that POS has been Bought-n-Paid for, for over 60 years by most observer's estimates. Now it's beyond a joke, it's just a mind-boggling slap-in-the-face-with-a-hot-horseball.

Just for one very wicked example;

Go do yur research on Johanna Budwig.

Here's a short synopsis for ya'lls;

In the 1950's she proposed and demonstrated a cure for late stage terminal cancers - of all sorts. YUP!!

Cured 52 of 54 terminal cases in just one very well documented trial. She was a Doctor, a Research Phd , the head of the German FDA, and she knew how to document for science~!
The Drug Cartel - (the 'Legal' ONE) - barraged her with law suits until she left the country. The Nobel committee ignored her being proposed for Nobel prizes seven times running. How many pay-offs and threats went down on that scene?

But the Drug Cartel was not satisfied with buying-off the committee. They started a mis-info campaign that went on for years to wipe her out of the History books, and make sure the truth could not be exposed, ala 911 or Kennedy assassinations.

Anyone here NOT lost a loved one to Cancer?

Not to leave on a sour note - I hear Honey-Boo-Boo got extended another season.

What a country.

abguy4 · Oct 13, 2012 - 12:11pm

Hey DPH......

Did ya see that "JESSE" post on page two of this section?
That was Jesse Ventura wearing a Jimi Hendrix T-shirt?
Did his people clear that with you?

https://xrepublic.tv/node/580https://xrepublic.tv/node/580

¤ · Oct 13, 2012 - 12:21pm

Jesse / Jimi

Nope, missed that, but thanks for the link yes

Biden theme song after the debate devil

Video unavailable
¤ · Oct 13, 2012 - 12:21pm

That Debka article...

...supports my contention about what might be bubbling just under the surface.

(Good idea....have a great weekend!)

That glitch today

Submitted by DrkPurpleHaze on October 11, 2012 - 8:37pm. https://www.tfmetalsreport.com/comment/134118#comment-134118
Monedas · Oct 13, 2012 - 12:40pm

Saturday Morning Turd !

Wow, what a data dump of good post material, cut and paste et al ! I'm gonna have to take my lap top into the Turd room along with my coffee and take care of business ! Hygiene protocol requires I put it in a plastic bag ! Monedas 1929 Comedy Jihad Life Is What Happens Between Turds World Tour devil

Sandiaman · Oct 13, 2012 - 12:53pm

You might have noticed that

You might have noticed that Paul's article is embedded in this post.

tyberious · Oct 13, 2012 - 12:56pm

Don’t Vote For Evil

by Dr. Paul Craig Roberts, PaulCraigRoberts.org:

Back during the George W. Bush neocon regime, President Hugo Chavez of Venezuela in his UN speech summed up George W. Bush for the world. I am quoting Chavez from memory, not verbatim. “Yesterday standing at this same podium was Satan himself, speaking as if he owned the world. You can still smell the sulfur.”

Chavez is one of the American right-wing’s favorite bogyman, because Chavez helps the people instead of bleeding them for the rich, which is Washington’s way. While Washington has driven all but the one percent into the ground, Chavez cut poverty in half, doubled university enrollment, and provided health care and old age pensions to millions of Venezuelans for the first time.

Little wonder he was elected to a third term as president despite the many millions of dollars Washington poured into the election campaign of Chavez’s opponent.

While Washington and the EU preach neoliberalism–the supremacy of capital over labor–South American politicians who reject Washington’s way are being elected and reelected in Venezuela, Ecuador, Brazil, Argentina, Uruguay, and Bolivia.

Read More @ PaulCraigRoberts.org

427 TF · Oct 13, 2012 - 12:57pm

Wrong or not it makes me

Wrong or not it makes me wonder why the world is not in a panic mode,at least in the US. With all that is going on world wide are we numb? lol there is a picture screen between us and world issues and it will never be here on our shores.

Monedas · Oct 13, 2012 - 1:14pm

D'evil ! (Pardon my French!)

Double + Evil = Devil ! "Words mean things !"....Rush Monedas 1929 Comedy Jihad You Sir Are No Rush Limbaugh World Tour devil

rl999 · Oct 13, 2012 - 1:19pm

New $100 bills stolen en route to Fed facility

Im pretty sure I was watching a video this week @ sgtreport or brotherjohnf about the new dollar bill, and now this..

New $100 bills stolen en route to Fed facility

NEW YORK (CNNMoney) -- Unknown thieves stole a "large amount" of newly-designed $100 bills bound for a Federal Reserve facility in New Jersey on Thursday, the FBI said.

Frank Burton, Jr., spokesman for the FBI's Philadelphia division, said the theft occurred at some point between when the shipment of bills landed at the Philadelphia airport on a commercial flight from Dallas at 10:20 Thursday morning, and when the shipment reached its New Jersey destination around 2:00 p.m., when the courier service transporting the bills reported some missing.

Burton declined to comment on the amount taken, but said it was substantial.

[more]

(rl999 - the comment below is not mine, nor do I know who made it. I do think that person has a good point however)

yumitaipan, Today 08:24 AM

To anyone who thinks this is just the work of some local thief; Google "USA Superdollar" or check out the Wikipedia page: https://en.wikipedia.org/wiki/S...

This is almost certainly the work of foreign operatives or a highly sophisticated criminal network that knows how valuable a year-in-advance, mint condition USA $100 bill would be on the black market.

This could easily wind up being the most profitable heist in history.

treefrog Katie Rose · Oct 13, 2012 - 1:28pm

katie rose re: rice storage

in my experience, the key to long term rice storage is oxygen. more specifically, the lack of it. i have successfully stored beans, rice, corn, lentils, hominy grits and many other dry groceries for long periods without spoilage. i store them in air-tight containers. i use two liter soft drink jugs. over the first few months the carbohydrates (starches) in the rice or other foods slowly oxidize - like a cut apple turning brown, only slower. this uses up any oxygen that was with the groceries when the jugs were sealed, and the sides get a "sucked-in" appearance from the slight vacuum produced. 

i have used rice, beans, etc that have been stored many years with no noticeable loss of quality. just recently, i used a jug of lentils i had put away in the run-up to y2k. they were fine. once they are opened, i presume the groceries would resume their deterioration (oxidation?) at a normal rate.

my only failures have been where the moisture content was too high.

¤ · Oct 13, 2012 - 1:30pm

High Ground: Turkey Moves Tanks to Hilltops Overlooking Syria

(Try to picture Turkish and NATO Generals placing and pushing around little replicas of ships, planes, tanks, troops etc. on a table-top map of the region enlightened)

Turkey Moves Tanks to Hilltops Overlooking Syria

By Sibel Akbay - Oct 13, 2012 12:22 PM ET

Map of mountainous Turkey to the north vs. a relatively flat Syria to the south

Turkey’s government threatened to respond to any further attacks by Syrian forces, after shelling across the frontier last week killed five Turkish citizens.

“Turkey will retaliate if Syria violates its border again,” Foreign Minister Ahmet Davutoglu said at a news conference today in Istanbul. “We will do what’s necessary. We hope Syria won’t repeat its previous violation of the border.”

Turkey yesterday deployed tanks and missile-defense systems on hilltops overlooking Syria, the state-run Anatolia news agency said, hours after Turkish jet fighters were scrambled to confront a Syrian helicopter that came close to the border. Turkey has threatened to target Syrian forces if they pose a security risk, following the downing of a Turkish fighter jet by Syria in June.

Turkey’s ties with Syria, once an ally, dramatically deteriorated over Turkish backing for Syrian rebels fighting forces loyal to President Bashar al-Assad. Turkey fired artillery in response to Syrian shelling that killed the five people in the Turkish border town of Akcakale on Oct. 3.

The North Atlantic Treaty Organization, of which Turkey is a member, on Oct. 9 called the attack on Akcakale “a flagrant breach of international law,” and assured the Turkish government of the alliance’s military support if it’s attacked.

Davutoglu spoke after holding talks with Lakhdar Brahimi, the United Nations and Arab League special envoy to Syria, and German Foreign Minister Guido Westerwelle in Istanbul. He didn’t comment on the discussions.

Rebels Advance

Rebel forces in Syria today captured the village of Azmarin in the province of Idlib, near the Turkish border, Anatolia reported. Syrian forces were also attacking the rebel-held village of Derkush in Idlib with tanks and ground forces, the state-run Turkish news agency said.

Turkey shelters 99,500 refugees in camps along the border, and another 14,000 Syrians are waiting to cross into the country, according to Turkey’s Foreign Ministry.

Syrian security forces killed 42 civilians today, the U.K.-based Syrian Observatory for Human Rights said in an e-mailed statement. At least 33 soldiers also died in fighting across the country, it said. Rebels lost three fighters when they attacked a military convoy in Idlib province, the Observatory said on its Facebook page.

Syrian forces “eliminated a large number of terrorists”in fighting in the northwestern commercial hub of Aleppo, the government-run Syrian Arab News Agency reported. The army also fought rebels who “cut off roads” in Idlib, killing and injuring some of them...

https://www.bloomberg.com/news/2012-10-13/turkey-moves-tanks-to-hilltops...

tyberious · Oct 13, 2012 - 1:34pm

Bix

Crazy things are happening NOW! My analysis of the new $100 Bill is 100% accurate. The Hidden Meanings in the New $100 Bill https://www.roadtoroota.com/public/261.cfm Here's the latest TWIST for Private Road Members: ALERT: Gold $100 Bill Conspiracy Battles Rage! https://www.roadtoroota.com/members/1022.cfm You couldn't make this stuff up if you tried! Buckle up for next week. May the Road you choose be the Right Road.

Nana · Oct 13, 2012 - 1:41pm

Pay It Foreword

Tracy Lawrence "Find Out Who Your Friends Are" Director Cut

LIFE IS NOT MEASURED BY THE NUMBER OF BREATHS YOU TAKE BUT BY THE MOMENTS THAT TAKE YOUR BREATH AWAY

ivars · Oct 13, 2012 - 2:00pm

GSR obviously went up

GSR obviously went up yesterday. Now it looks the dip up (silver down) may be deeper than I thought, as there is weakness in silver, partly caused by obviously politicized statistical reports which market does not believe in , but can not quite contradict as whole. Especially I guess computers do not analyze the truth potential of such statistical statements as "unemployment down to 7,8%!, "lowest jobless claim number in X years!" etc.

I thought that is only possible in the Soviet Union where we just did not pay ANY attention to statistics, but it seems that the USA is nearing the Soviet Union in this sense at least. Somehow, once murder is performed, murderer gets attracted to both the place of the murder and the personality of the victim. Victory can be harmful to the victor as well.

So , correction might go down to silver 32, and last whole week, but that does nothing to eliminate next wave (or few) up with a peak near Presidential elections , depending of how many shorter (reduced length) log periodic waves (stairs with shorter horizontally steps) will be there in the middle. If one, the target for peak would be around 38-39, if more then one - higher. 

ClinkinKY · Oct 13, 2012 - 2:04pm

Political ad from a billionaire Hungarian...

...no, not George Soros. And this man, Thomas Peterffy, has the decency/courage to put his face and words on the ad rather than Soros' MO of just putting up the money to produce his propaganda under such innocuous names as "Open Society Institute".

https://youtu.be/UnX7TNFIELg

tyberious · Oct 13, 2012 - 2:24pm
aomegaa · Oct 13, 2012 - 2:26pm

"Deflation"

Been hearing a lot of talk of Deflation from John Mauldin and others. Any thoughts as to what it may mean for for the price of Gold if we get Deflation instead of Inflation?

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

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Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales