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

  Refresh
murphy
Oct 23, 2012 - 5:24pm

GL/Groaner

I know it's not NYC but check out this bad boy video.

https://www.tvfoodmaps.com/place1691.html

Prize Fighter
Oct 23, 2012 - 5:16pm

My plan to escape a tsunami

My plan to escape a tsunami of debt, ignorance and anger? Run.

I tried warning and lost some "friends" but found new ones who transferred about $2m since 1300/23. I've done all I can do proactively but will continue to share ideas when the opportunity presents itself. No more battle cries for me. I've seen what happens when you try to speak the truth. I didn't make it this far by being stupid.

The Watchman
Oct 23, 2012 - 5:16pm

German Gold was missing in 1930

Hjalmar Schacht was a German banker- He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was sent to check the German gold supply.
"Another amusing incident arose from the fact that the Reichsbank maintained a not inconsiderable gold deposit in the Federal Reserve Bank in New York. Strong was proud to be able to show us the vaults which were situated in the deepest cellar of the building and remarked:

'Now, Herr Schacht, you shall see where the Reichsbank gold is kept.'

While the staff looked for the hiding place of the Reichsbank gold we went through the vaults.We waited several minutes: at length we were told:

'Mr. Strong, we can't find the Reichsbank gold.'

Strong was flabbergasted but I comforted him. 'Never mind: I believe you when you say the gold is there. Even if it weren't you are good for its replacement.'"

Hjalmar Schacht, Autobiography: Confessions of 'The Old Wizard', p.245
Green Lantern
Oct 23, 2012 - 5:09pm

@Groaner

Since I live near LOTS of Greek restaurants, I might suggest at some point you graduate from the Gyro's and go for the roast lamb on the bone. It should fall off the bone. Lots of Ouzo to wash it down. I'm not sure how I am supposed to do a diet when you have these roasting in the restaurant windows. Ahh Greece always on my mind.

SilverSurfers
Oct 23, 2012 - 5:07pm

WHERE's the freakin plan?

You guys talk a big game. poo-ing this and poo-ing that. So how many suggest a libertarian solution. So how many put together a credible business plan to start state minting, if the Federalies dont. Bitch and complain all you guys want, but until I HEAR YOUR PLAN, that is all it is, bitchin and moanin .... You all talk about a revolution, the change that's coming, the end of keyensianism. RIGHT, I want to hear your plan, man.

Revolution - The Beatles
Colonel Angus
Oct 23, 2012 - 5:03pm

4406PACK

www.monticello.org tells us that the quote is actually...

"Was the government to prescribe to us our medicine and diet, our bodies would be in such keeping as our souls are now."

And it just might have had something to do with hemp, not Obamacare. That TJ was a real revolutionary. God bless his soul. We need more like him. I need to watch "V for Vendetta" again....

GroanerGreen Lantern
Oct 23, 2012 - 5:01pm

that reminds me I could go for a Gyro

This little place about 10 miles from me makes the best Gyros.. Fresh pieta bread, tons of that lamb meat with lots of onions, tomatoes and cucumber sauce.. so good,

Fockewulf190
Oct 23, 2012 - 4:58pm

Gold manipulation and the Iranian sanctions situation.

Was reading about how Iran has been trying to circumvent the ongoing western sanctions by selling their oil for physical gold. Apparently, this back door financial channel has been effective in providing Iran with some desperatly needed money in order for it to continue to purchase goods it needs to survive. But now, Iran has threatened to cut off all oil sales whatsoever if sanctions against it are further raised. Why this desperate strategy all of a sudden? We all know how tight the physical market for gold and silver has become. Eric Sprott alone can sing you a (black)swan song about how hard it is to obtain gold and silver in bulk. So, this fact aside, could it be, that the demand for physical gold is getting so great worldwide that there isn't even enough of it available to even pay the Iranians with (at least not enough to be able to support the monthly needs of it's huge population)? With China alone buying hundreds of tons officially (and who knows how much unofficially) this year alone, and other central banks joining the phyzz party, it seems to me that the Iranians last financial back channel is being squeezed tighter and tighter, ever reducing the amount of physical gold it can get it's hands on. So I was wondering, could the market manipulation in gold and silver prices have something to do with choking Irans last real income stream? Keep the prices for gold and silver low and somewhat stable and watch the physical fly off the shelves. It may end up busting the Comex, and cause strokes over at the LBMA, but if the powers that be behind the scenes want supply to evaporate to try and force an Iranian implosion without war, I'm going to bet they will try. It could also could be the real reason why the CFTC has done nothing at all despite all the obvious and blatent smashdowns that are happening almost daily. Not to mention the total avoidance of mentioning anything at all about the silver manipulation investigation. It's a national security operation in progress. I know Ted Butler wrote recently about why he believes the CFTC has been AWOL, but I don't believe he ever took the Iranian situation into consideration. Of course, I may be wrong, and it's all just the Chairsatan doing all he can to keep the dollar alive at all costs. But I have a feeling there may be at least a dual purpose strategy behind this. For sure, the more physical gold that is taken off the market, the more problems the Iranians are going to have keeping their population from exploding...and there isn't anything the west wants more than regime change. Seems to me, the plan may be working.

The Watchman
Oct 23, 2012 - 4:56pm

Another 135,000 Silver Eagles SOLD TODAY

Hope you are getting YOUR SHARE.

2012 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,107,000
6,107,000
February 1,490,000
1,490,000
March 2,542,000
2,542,000
April 1,520,000
1,520,000
May 2,875,000
2,875,000
June 2,858,000
2,858,000
July 2,278,000
2,278,000
August 2,870,000
2,870,000
September 3,255,000
3,255,000
October 2,584,000
2,584,000
Total 28,379,000
28,379,000
SilverSurfers
Oct 23, 2012 - 4:55pm

Bongos

If he brings bongos, Ill sing for my lunch. Actually, its a real cool plan, would rock your world. DrG is 1.5 hours away, he should come up for a look see. Dare ya Doc G. You can put bongos in their place. Tooling fashsion items for bank stacking, the mother of all stacking to support state bids for minting money. .... You can watch bert play the bongos.

Andy Kaufman

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 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Recent Comments

by scoremore, 6 min 41 sec ago
by lakedweller2, 9 min 15 sec ago
by robobrewer, 12 min 5 sec ago
by lakedweller2, 15 min 53 sec ago