Another Parallel

242
Tue, Oct 23, 2012 - 10:40am

Continuing with the current theme, here's another reprint for you. Party like it's 2011!!

Just six, short days after calling "Turd's Bottom" and issuing a guarantee, (https://tfmetalsreport.blogspot.com/2011/01/1600-gold-by-june-10-2011.html) all looked lost. It was January 27, 2011. Prices had peaked three weeks earlier in the post-QE2 euphoria and now nearly every "maven" was dumbfounded by the continuing weakness. Sound familiar?

So, for today, I invite everyone to go back to "The Watchtower" and review this post:

https://tfmetalsreport.blogspot.com/2011/01/sour-grapes.html

You'll find all sorts of parallels to today...even references to the sudden appearance of a shadowy "insider" who had begun posting cryptic messages on the Yahoo Finance boards.

Anyway, keep the faith and hang in there. This, too, shall pass.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  242 Comments

Lady Gaugau
Oct 23, 2012 - 10:42am

Thanks Turd

This is pretty wild.

adi
Oct 23, 2012 - 10:42am

pass

I want it to pass

BJZimmy
Oct 23, 2012 - 10:43am

First, perhaps?

First, perhaps? My first. Perhaps the waning interest is due to the morose attitude of the price drop today.

Bollocks
Oct 23, 2012 - 10:44am

fifth

innit

Groaner
Oct 23, 2012 - 10:47am

Oil getting spanked down. $2.73

deleveraging every where.

Double Bogey
Oct 23, 2012 - 10:48am

Risking a couple more fingers

by trying to catch the knife; just bought some NOV 29 UCO calls and more USLV. I'll probably have to use my toes pretty soon. Isn't the saying "A fool and his money are soon partying?" My wife can't figure out how a fool got the money in the first place. 'sigh'

SIlverbee
Oct 23, 2012 - 10:49am

Bugger 3rd

I swear I would have been first if I had been logged in!

Anyway I think HEH is a cartel of silver mine suppliers and refiners. Why not OPEC do it! Agree not to supply the COMEX and LBMA, move all new future contracts temporarily to SHFE then to NASE. The only way to get true price discovery is to take away the supply to the poor pricing mechanism and create a new one where the dog wags the tail. This will also starve the COMEX and it will die. Sure they will miss out on some sales for a couple of months but then after $200 plus is easy.

Fight fire with fire! Bet I am right Turd!

Groaner
Oct 23, 2012 - 10:51am

Can you imagine if they let it fly now.. How many

spec shorts just piled in? squeeeeeze me baby..

Sisyphus
Oct 23, 2012 - 10:55am

Deja not quite vu

Just noticed the Dow was down by around 250. Checking the last time this happened (June 21):

The Dow Jones -250.82 points, or 1.96%.

Oil down 3.99%.

Gold down 3.11%.

So todays drop in PMs doesn't look too bad by comparison. Maybe this means we're approaching the bottom?

Groaner
Oct 23, 2012 - 10:57am

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