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

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

  242 Comments

Groaner
Oct 23, 2012 - 1:16pm

the PIG hit .80 and is now backing off

will the market close at the lows again? that would be nasty.

OK all the big physical metal buyers can show up anytime now

SRSrocco
Oct 23, 2012 - 1:16pm

REPLY @ SRS INQURY..

Fritz... I may just contact SLW for kicks and giggles... it can't hurt.

Gold Bug... you are correct. I also have questions about Depreciation and Amortization. The mining companies deduct these as a cost... but it seems as if it adds to their Cash Flow.

see... I have a bunch of questions...

Bongo Jim
Oct 23, 2012 - 1:19pm

Arg!

All these tests, I feel like I'm back in school.

Double Bogey
Oct 23, 2012 - 1:22pm

Question on stacking...

Is this what you guys mean when you talk about stacking? My stack of titanium bars are getting a little wobbly. How high do you go before you start another stack? Those Scottsdale stackers help a little for those who are unbalanced, or balance challenged. Advice welcomed. :)

SilverSurfers
Oct 23, 2012 - 1:23pm

Another Parallel

You got that right. Look at NY Crimex, another down gap. that 4 of em, and Silver always closes them thar gaps, never have I seen it like this, 4 gaps from 33.60 to 31.60. When silver bounces off the low, and its zeroing in on 31, I dont think its gonna be some wall of worry stair step up back up, more like a freakin MOON SHOT up up and away and blow through 35 to 37.50 ish .... for a 31-37 moon shot, like over night ... but actually on the CRIMEX, in plan view, in open day light. Election coming, the moon shot coming, the stars align ???

henry
Oct 23, 2012 - 1:23pm

Let the Holidays begin

I just got the last batch underground... before the winter freeze up !

Istack
Oct 23, 2012 - 1:24pm

Turn me loose already

Loverboy - Turn Me Loose (Video)
Groaner Double Bogey
Oct 23, 2012 - 1:27pm
Oct 23, 2012 - 1:28pm

Now read this

For fun, I'll start you with the concluding paragraph:

"And there you have it: a perfectly counterparty free system, in which a transaction is done, and no traces are left behind. More importantly, this is the blueprint for the future, as more and more countries evade the subjugation of the petrodollar regime so ubiquitous for the past century, and which is slowly but surely being shifted to benefit those countries who are not insolvent, and who actually produce things needed by the rest of the world."

https://www.zerohedge.com/news/2012-10-23/how-iran-evades-western-blocakde-turkey-dubai-iran-petrogold-triangle

SilverSurfers
Oct 23, 2012 - 1:28pm

Nice Stack

Yep, that is one nice stack ;) For monster box guys, green just dont cut it, we need these pic's of real stacks, just to remind us what a REAL STACK really looks like. Sweet!!

turn me loose, I hear silver calling, turn me loose ....

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

randomness