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

Excalibur
Oct 14, 2012 - 4:56pm

I thought we had got had got away with it

While Green Manalishi was getting his new baby alibi sorted, we and few other Brit Turdites were revving up the minis for a raid on the LBME. The tons of Ag heading to London are to replace our ill gotten stash.

Mini-Cooper Chase - The Italian Job (6/10) Movie CLIP (1969) HD

Oct 14, 2012 - 5:05pm

Silver withdrawal

Harvey just mentions the 3.6 million ounce withdrawal with no fanfare. He seems to be more concerned with the open interest and the raid:

"The total silver comex OI rose by an astonishing 1240 contracts to settle at a multi year high of 42,591.
The raid on Friday was no doubt decided upon once the bankers knew the high silver OI. The bankers must get our silver leaves to fall or else we are looking at a possible silver commercial failure."

Actually, I'd like to see a silver commercial failure! Maybe it would push AG above 35 on that news.


Oct 14, 2012 - 5:26pm

Turds and sewers

Well,I just got cleaned up after working on broken sewer lines this afternoon and just seems appropriate that I should sit down and read Turd's website. There is a metaphor in here somewhere, and I am going to find it. But all this sewer work and plumbing that I am doing is probably saving me about $17,600 which I should use to buy 10 ounces of AU.

redwood
Oct 14, 2012 - 6:18pm

Everyone braced for a raid. 

Everyone braced for a raid. Sure looks that way right now.

Green Lantern Excalibur
Oct 14, 2012 - 6:26pm

They then sell the stuff to

They then sell the stuff to processors by the river who sluice out the finer particles and then get a handful (literally) of mercury to mix in and bind the gold. Then in an open fire burn off the mercury and then using hands mix nitric acid to eliminate the silver. Then these lads can just about afford a slum room where six of them can live.

Yup. Tons of youtube video's and documentaries especially in S. America and Africa, people mining gold and burining mercury wasting their bodies and destroying the earth. Read something like 20 to 30 tons of mercury in Peruvian amazon. Then Greenpeace gets all whacked out and starts yelling close all the gold mines.

In Peru, Gold Rush Leads to Mercury Contamination Concerns
Beastly Stack
Oct 14, 2012 - 6:36pm

30 Minutes

30 minutes into the new week and 10 dollars clipped off gold like nothing.Under 1750,I wonder what is in store for us this week?I am not calling it a RAID anymore,I'm going with something else but I will keep it to myself because I do not want to offend anyone.

ink
Oct 14, 2012 - 6:38pm

The raid is on...

at a time nothing ever happens with gold/silver price.

Mr. Fix
Oct 14, 2012 - 6:42pm

RAID !

(I don't care who I offend).

ReachWest
Oct 14, 2012 - 6:42pm

Oh Dear

Gold and Silver both selling off nicely into the first hour of trading. SHOCKING!

A few comments here in Turdville and meme's (eleswhere) that I have encountered over the past day or two are suggesting that perhaps the Fed will not need to do much with QE∞. That, in fact, they are not doing any real QE under QE∞ - just talking about it to manage perspective, and achieve the same effect. I.e. say you are expanding the balance sheet to get the desired effect, rather than actually doing it.

As IVARS touches on in his post (above on this page), the Fed has not expanded it's balance sheet (yet) despite announcing the latest round of QE 3 weeks ago. I am of the personal opinion (based on nothing more than my gut) that the Fed's numbers are not reliable. There is so much fabrication of data to direct sentiment, that little to nothing is believable, anymore. If we can't believe the BLS, why on earth would the Fed's data be real?

I also feel that this strategy of deceit is being used to crush the real money (Ag and Au) and create that cascade downward that some are calling for. We'll see. So far this evening, the price direction is decidedly negative.

As Jim Sinclair says - MOPE.

ch25061
Oct 14, 2012 - 6:46pm

big dump from the Aholes

Did the criminals just dump 150+ million oz of Ag only to achieve a lousy 30 cent drop?

Fr. Bill Mr. Fix
Oct 14, 2012 - 7:16pm

Re: RAID!!

Like I said a few days ago, I've got a wad of dry powder and have been waiting for a good opportunity to strike a match to it. Watching Netdania for now, matchbox in hand ...

Heh heh heh

Dr G
Oct 14, 2012 - 7:22pm

Yet another Sunday evening

Yet another Sunday evening raping. These are becoming so common that we should start creating names for the NON-RAID events and treat those as special rather than giving names to the raid events.

reefman
Oct 14, 2012 - 7:24pm

It's not always a RAID! - sometimes it's just the markets.

There is weakness in the stock markets, and there is weakness in the metals yet it's always a "RAID!"?

Gold Dog
Oct 14, 2012 - 7:40pm

Thanks Boatman!

I ended up getting some AU Maple Leafs from Tulving for 1,783.25 delivered right before gold puked up 13.

Appreciate it!

Dog

Anonymous reefman
Oct 14, 2012 - 7:42pm

Removed comment

Removed comment.

Anonymous
Oct 14, 2012 - 7:58pm

Removed comment

Removed comment.

recaptureamerica
Oct 14, 2012 - 8:01pm
Jeanne d'Arc
Oct 14, 2012 - 8:08pm

Gold as Greed

Something to make us think on a Sunday evening, regarding gold, greed and exploitation: link

Torpedo Fish
Oct 14, 2012 - 8:13pm

@peckerwood

yea U.S of A is completely fucked up, this reminds me good ole USSR, nice article by the way.

pforth
Oct 14, 2012 - 8:13pm

And the worst thing is...

I think this raid means that Maund was right? Or did he forecast lower? I can't remember.

Anonymous Torpedo Fish
Oct 14, 2012 - 8:37pm

Removed comment

Removed comment.

Fr. Bill reefman
Oct 14, 2012 - 8:59pm

It's a Raid! It's NOT a Raid! .... Meh

I agree with peckerwood that when at 17:25 CST when Netdania's 5 minute chart shows a volume just a tad north of 10,000 and the price drops 30 cents ... well, that doesn't look "normal" to me.

Except what's normal these days? As Dr. G has pointed out, these "rapes" (or, non-rapes, whatever) are becoming common.

And, if common, that alone qualifies as a sort of nominal normal, right?

My dry powder at BV would have purchased 2.4 kilos of silver when I sat down at the monitor this morning 0500. But, because (like Dr G) I expect a raid, or rape, or whatever, after the markets open Sunday evening, I waited. Now that same fiat will buy me 2.66 kilos. That a difference of 0.26 kilos (or 8.36 ozt). So, eight and a third ounces of silver come to me simply because I sat and waited (actually, as a parish priest, I've been busy with many other things today since 0500 this morning; I've just sat down this evening to take a look at that expected drop).

Knowing what I've learned is the "new normal" for Sunday evenings, why not wait until this evening to strike a match to my dry powder? I don't care what anyone calls the drop. All I need to "care" about is that the drop has become something worth waiting for.

Anonymous
Oct 14, 2012 - 10:02pm

Removed comment

Removed comment.

kingboo
Oct 14, 2012 - 11:03pm

FannieMae info........

i spoke to a woman i know today, she works for Fannie....i asked her how things are going....she said they are overwhelmed, insane busy. Why? Because Fannie will buy anything, loan anything, sell anything to help clear the backlog.....without making it "public".... you can buy a "fannie property" right now with as little as 3% down! Sound familiar? reinflate that frickin bubble baby! She said all the business is investment related.......not real sales. Read this statement below from their website

Fanniemae.com

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Monedas
Oct 14, 2012 - 11:31pm

Katie's Goat Herd and Pucky's Beard Share Nobel Peace Prize !

Using absurdity to expose absurdity .... a la Rush ! Hey, how about a peace prize for comedy ? Monedas 1929 Comedy Jihad Nobel Comedy Prize Goes To Nobel Committee World Tour

onealpha
Oct 14, 2012 - 11:40pm

Spoke to a real estate friend

Spoke to a real estate friend last night. He said its crazy. Most of the listings are bank owned properties and they have to put in highest bid through a website that everyone can see during the week long bidding process. They are taking cash offers over qualified mortgages with high dollars down. His client lost a $335k bid with 60k down to a $279k cash offer yesterday. They are limiting the amount of properties being listed to create competitive bidding. Right now he said there are more buyers than properties and the system favors investors with cash. We are talking about south florida which has a lot of bank owned prop in the pipeline.

TheFool
Oct 15, 2012 - 12:11am

As far as the Nobel Peace Prize goes...

As far as the Nobel Peace Prize goes, someone needs to remind Obama that he didn't win that since, well, evidently I didn't build my own business, design my own house, or raise my own kids... hell, I didn't even wipe my own ass this morning when I dropped a deuce in my outhouse that, you guessed it, I DIDN'T BUILD! I will readily admit that I didn't make the Charmin toilet paper though. How do they make that stuff so soft?

Karankawa
Oct 15, 2012 - 1:02am

I want to thank whoever it was that posted Doug Casey

I'm lazy, and I'm NOT a gang member trying to form any coalition. So whoever you were, Salute!

I forwared that link to two locations, and it spread like wildfire.

This site is powerful.

And the sites I forarded it too are as well.

dailypaul.com

freedomsphoenix.com.

Thank you for posting it when you did. Perhaps you attended. Did Earnie Hancock speak?

Karankawa

Green Lantern
Oct 15, 2012 - 8:51am

Another ground hog day in the

Another ground hog day in the metals market.

Groundhog Day
SilverSurfers
Oct 15, 2012 - 8:54am

Time will tell

Muppets belong where the constitution says they belong, in STATE educational institutions.

the 6000 pound gorilla (16Tdebt) in the room got a pass at the VP debate, they wont touch the real problem, because they got no solution

1730 is about right for a 32.50 retest. Silver forming at least two GAPs, at 34.20 33.60 and will get blow through them, question is, will election throw the metal into a retreat lower, or be the spark to blow the roof off, as 34.20 and 33.60 will fall sooner than later.

QE wont produce restructuring, something about US centric, big heads, more like forced into it by a hyperinflation collapse. In 2006 gave the LEGIT sovereign debt USA default plan, still a go

using the term asshole about another turd aint cool. We can do better.

72 hours off cigs, 9yo 7yo boys still alive, ... a good thing.

32.50 1730 retest were expected, but it hung for way to long up at 1790 and 34.97, the head fake, but after 30 days, today's opening may be it for the retest.

If so, then the roof comes off, or does it. Sideways to election, Mitt win, and huge downdraft in metals back to 30/1650, before recover, donno, but BHO win, and right then and thar she blows. Time will tell. CRANK IT!!

Instrumental 3:00 - 9:00

The Chambers Brothers - Time Has Come Today

16T in debt, 1.5T in deficits, and ITS A TOSS UP,

that should tell you all you need to know about where the ship of state is headed.

https://www.realclearpolitics.com/epolls/2012/president/2012_elections_e...

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