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

Groaner
Oct 12, 2012 - 1:54pm

Look at the huge volume after comex closes

monkey attacks need to cover their shorts

indosil
Oct 12, 2012 - 1:55pm

Globex Raid

Bastards are attacking overtly at the comex

benque
Oct 12, 2012 - 1:59pm

Fiat is good

It must be so! The market is telling us all that we no longer need to stack. All is well in the world, and O has put all the poor people back to work. I am so happy I could just eject various substances from various orifices.

Fat Willie
Oct 12, 2012 - 2:05pm

Turd

Any news or updates on the potential HEH issue?

Daedalus Mugged
Oct 12, 2012 - 2:08pm

Peace Prize Nomination Criteria

Turd, I for one would very much like to see you officially nominated for the Nobel Peace Prize. I know they would never actually give it to "The Turd" but it would be quite humorous to be able to introduce some of your posts and podcasts as "The Nobel Peace Prize Nominee, Turd Ferguson."

The nomination criteria are fairly broad, including:

"University rectors; professors of social sciences, history, philosophy, law and theology; directors of peace research institutes and foreign policy institutes;"

I know there are a few professors in your readership, although I don't know if they fall into these disciplines. I suggest to any that do, treat the Nobel Peace Prize with more dignity than it deserves by nominating Turd Ferguson.

Dyna mo hum
Oct 12, 2012 - 2:10pm
mj12
Oct 12, 2012 - 2:14pm

KWN

KWN..............

remember that the bullion bank management of the gold market is a national security issue on both sides of the Atlantic because as gold rises it is an indictment of all global fiat currencies.

Because of this, the government, through the bullion banks, has some of the best traders in the world overseeing the gold market, and these are not the type of traders who would easily panic, even under the harshest of circumstances. These people are master manipulators. Investors and traders in the gold market need to keep that in mind

mj12
Oct 12, 2012 - 2:14pm

KWN

KWN..............

remember that the bullion bank management of the gold market is a national security issue on both sides of the Atlantic because as gold rises it is an indictment of all global fiat currencies.

Because of this, the government, through the bullion banks, has some of the best traders in the world overseeing the gold market, and these are not the type of traders who would easily panic, even under the harshest of circumstances. These people are master manipulators. Investors and traders in the gold market need to keep that in mind

Torpedo Fish
Oct 12, 2012 - 2:18pm

@Dyna mo hum

don't worry your president for next 4 years is gonna be Obumer. According to crap baba Vanga was telling like 20 years ago Obumer is also gonna be the last president. : )))

tyberious
Oct 12, 2012 - 2:19pm

  Is This Why Gold Is

Is This Why Gold Is Selling Off? Submitted by Tyler Durden on 10/12/2012 - 14:14 Bond Recoupling

From the morning of Draghi's press-conference on 9/6, Treasury bond prices and Gold have danced an interesting waltz around one another. After recoupling on 9/26, they once again divorced for two weeks, only to reconcile their differences once again today. Is the toing-and -froing of inflation views driving gold and bonds - and does that mean Gold is almost done with its drop here as Both the Long-Bond and Gold are now both up 1.22% from QEternity.


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