Fri, Nov 2, 2012 - 11:03am

Well, that all went to shit, didn't it?

Just goes to show ya, The Turd really isn't a soothsayer, a psychic or a witch. The Turd is just a regular dude, trying to do his best to educate and prepare the masses.

For now, all I know is this: 

As hard as it is to believe, the metals are poised for a tremendous 2013. Currently, the algos are in charge and they are driving the paper price lower and lower, regardless of the fundamentals. The Bullion Banks openly manipulate price while the inept and corrupted CFTC looks the other way. All the while, Western physical metal is being rapidly depleted and moved into the vaults of dollar-creditor nations such as Russia, China and India.

One day soon, this will all explode in spectacular fashion and the current global financial system, based upon dollar hegemony, will be radically altered. Until then, trade at your own risk. Even I, The Great and Powerful Turd, allowed myself to be sucked back into the casino this one, last time. Turd DumDum...fool me 5 or six times, shame on me!

I'll have a new podcast for you this afternoon so please check back later today or over the weekend. I'll try to have a new, full post tomorrow morning, too. (I'd have one now but I can't print charts. I blew out all my ink trying to print off the Daily Racing Form for the Breeder's Cup. I may be an idiot but at least I have my priorities straight.)

Have a fun day and please utilize this paper nonsense to add to your physical stack.


About the Author

turd [at] tfmetalsreport [dot] com ()


PMBull · Nov 2, 2012 - 11:07am

Top 3

Top 3?

Edit: I guess the proper term is Thurd? My First Thurd. LOL.

binzer · Nov 2, 2012 - 11:08am

If this was a boxing

match..the ref would have stepped in and stopped it long ago.

mack · Nov 2, 2012 - 11:08am

not even close yet

not even close yet

El Gordo · Nov 2, 2012 - 11:10am


I was just getting ready to pack it in for the weekend and go play. Now I've got to drag everything back out and place an order. Who was it that asked "May I have some more, please." Just keep kicking my ass and I'll keep buying, at least until the well runs dry.

SIlverbee · Nov 2, 2012 - 11:10am

just put my towel down here...

Hat tip me if you got the joke.

`Soon' seems to be as powerful a word as `if'.

I still can't get why HEH is done and dusted, the rock rolling down the hill with nothing to stop it and no market participants except Turd can see it?

Surely any publicity directed at the unknowing participants about it will hasten the process?

Maradona · Nov 2, 2012 - 11:11am

That's ok Turd

That's ok Turd, you don't have feel guilty or responsible for this manipulate markets. We understand all this process will go on no without pain. Folks, is here where we need see things in perspective, long term and always with reserve cash. Let the party continue!

· Nov 2, 2012 - 11:11am

I feels like we are here



Sour Grapes

OK, I admit it. Maybe I'm just bent out of shape because I gave you 1320 and 26.50 a week in advance and, for about 18 hours, I looked like frickin Nostradamus. Instead, I'm Nostradumbass.
I believe we have reached a rather interesting point. Everyone who knows anything about precious metal trading (myself excluded) from Harvey to Ted to Jim to Dan to Rob to Eric seems utterly confounded by the action in and out of the pits. Its almost surreal. Harvey tonight begged people to get out of paper metal, buy physical and look the other way. Ted Butler seems to have his head spinning so fast he doesn't know which way is up. Look at this freaking chart, for the love of pete:
I wish I had something witty or insightful to say but, the truth is, I'm out of ideas. I'm not just going to make something up and grasp at straws just to make you believe I have an answer for everything. I don't and I really don't now. As crazy as it sounds, the only semi-plausible explanation lies with those crazy silvergoldsilver bears and/or Lady Gaga (or whatever that email lady's name is).

The dollar is in the shitcan.
The Fed is forced to print infinite amounts of money to continue the ponzi.
The U.S. economy continues to sputter if only because of the ongoing, massive cash infusions supplied through the Treasury by the Federal Reserve.
The EU is an economic basketcase as many individual states are bankrupt and their debts are carried by the other, healthier states.
Yet gold and silver are being indiscriminately
 sold. Crude, too. And copper.
Groaner · Nov 2, 2012 - 11:12am

Not to worry Turd.

What's that saying,, If you cant beat them, don't join them?

disgusting action.

ReachWest · Nov 2, 2012 - 11:13am

Thanks Turd - No Worries

This nonsense doesn't change anything. I was kinda hoping the computers that run those algos would get flooded in Sandy. Guess not.

Teach · Nov 2, 2012 - 11:17am

I'm gonna go buy today.

One gold maple...just to say F-you to those that cheat. I know we're right, and the system is wrong. FTSBTSFY!

On another tack, from reading Green Lantern yesterday, I also plan do do a bit of prepping. Got my sights set on a pair of insulated coveralls. It's cold up here.

Peace out. Keep the faith!

Hi-Ho Silver · Nov 2, 2012 - 11:18am

HEH off?

Turd, is HEH not happening now?

dziprick · Nov 2, 2012 - 11:18am

think people. election on tuesdat

If you did not think the last major economic data point before the election would be complete BS you are still sleeping. I do not believe this is even the cartel. Just algo trading rracting to the blsbs. Remember what the BS stands for.

Mickey · Nov 2, 2012 - 11:20am

SPX not buying the good jobs report

either-not down so much but definitely not buying the story--

having said that the PPT could engineer a green close--or on other hand big boys just want to be on sidelines before election.

Idea: I know most of not all here buy into story line of the economy in crapper.

But what if we have a thread (maybe we already do) where we argue not about the timing of bottom or next leg up but that being in PM is not going to work so we can exhaust the counter ideas. Kind of like a debate but to make sure we have thought of everything. I am not talking about a selloff from 1780 to 1680--talking about our camp being wrong and the economy is really improving and deficits (haha) will decline).

are we open enough to spot that and be honest with ourselves.

disclosure-I cannot see how this ends happily. I argue with myself and wonder what I am missing. Is there a magic bullet out there we cannot think of. I think I understand the issue but who knows?

hammerman · Nov 2, 2012 - 11:20am

turd its ok...

turd... just goes to show ya bob chapman was rite all along... " get in the metals and get your positions now.. cause when it collaspe nobody gonna get a heads up" so for any of you like my lil brother teddy who still trying to time a buy... just get in there and buy... get on the bus now!

Urban Roman Istack · Nov 2, 2012 - 11:22am


Don't you stack? You should be happy! ;-)

tpbeta · Nov 2, 2012 - 11:23am

Not too worried

Obama will win on Tuesday and this will be history. Probably

Cipher · Nov 2, 2012 - 11:25am

Why is it ok

Its not ok to say stack stack stack and gamble at the same time. What the hell is going on around here these days. I see a lot of contradiction and people speaking out of both sides of their mouths. Have we not learned our lessons. We dont have JPM on the run or cornered or any other of that BS. The game will change when they want it to change and not a minute sooner. 


· Nov 2, 2012 - 11:25am

Groundhog Day

Where is Ned Ryerson, so I can punch him in the mouth?

Dagney Taggart · Nov 2, 2012 - 11:28am


OK I'll bite for a second.

1. 16.2 trillion in US debt and no end in sight

2. US Government spending borrowed money is counted with GDP

3. Food and Fuel costs are not calculated into the CPI

4. Fed buying 70% of the debt

Just being open and honest: Things are not improving. No secondary thread needed.

Hi-Ho Silver · Nov 2, 2012 - 11:28am

No, it's definitely happening

I received an update earlier this week and it looks like some hands will be forced very soon, maybe even before Thanksgiving. Sick and tired of watching and waiting while The Criminals continue with their games, exploiting and fleecing people who are simply trying to protect themselves.

MrGuboci · Nov 2, 2012 - 11:30am


So they pushed the price UP in August so that when QE is announced the silver price will have QE priced in(HAHA) and they can push it down to where we are now . We thought the cartel "didnt know" Ben is going to ease and they got trapped(HAHA again) as if they didn't know and as if they couldn't hammer it with unlimited paper . Same thing with the run to 48$ which was not some sort of "panic" of the cartel(haha 3rd time) but a way to fake the 1980 action so that people will get discouraged for 1.5 year not to invest in Silver again . Those guys hold the magic wand and it has unlimited power. I don't doubt a move over 50$ is coming , even 500$ but hey , it might not be so "soon".

ggnewmex · Nov 2, 2012 - 11:30am



or Romney will win on Tuesday, and this will be history. Problably


To me, this shows the desperation and corruptiveness of it all.

We know that demand exceeds supply, we see the East buying, ( ie Chinese Panda and more)

We know that Germany, and now others are wanting their money, err, gold back, we know that the PM's have been rehypothecated ( evidenced by Christian? in front of the CFTC?) and that there is not enough to go around. THis is musical chairs all, be in,,,, or your out! I agree with the other poster, if you do not have it, you do not own it.

Seriously, Why would Paulsen have a 44% allocation to gold, and even the????? Soros, have their assets in the physical.

In other words, thanks cartel for the cheaper prices!!!

Gramp · Nov 2, 2012 - 11:35am

High Impact, Low Probability Events...

That's what we discuss here at times... and these are the most challenging deal with.

Hey TF, you can only do what you can as you said. Don't let it get to ya.

 The Turd has advocated reducing debt burdens, having more than a 1 serving of Ramen Noodles in the cupboard, and holding a few shiny bits instead of th Paper Promise... All these things in moderation, and have been working out very well for us.

As seems to b the Turd's former Employment or Training has been implied as that of Trading the Markets, he provides T.A. for those who look for some guide stones, but the Metals Market has been a meat grinder. Hop in, maybe you will dodge the spinning blades, or... not.

Stratajema · Nov 2, 2012 - 11:36am

They are not fully in

They are not fully in control, otherwise the price of gold and silver would be much less.

Still interesting to see that the price of platinum is still underperforming gold. If there truly was an economic recovery then one would expect platinum to be higher than gold?

If people here need cheering up, then that is too bad because it means they are fully invested. I suggest those people visit the imaginary world of KW News where the price of gold is always just 30 days away from being $3,000 to $10,000 per ounce.

murphy · Nov 2, 2012 - 11:37am

Old proverb

What's that old saying?

"The beatings will continue until the moral improves?"

SIlverbee TF · Nov 2, 2012 - 11:38am

Would we therefore

Be giving thanks?

Montreal Squad · Nov 2, 2012 - 11:41am

market not buying

Let's not worry too much about volatility, high volatility on the upside will be good for our jan and march calls. Dollar is building a momentum to break above 80,50 because market is going long cash. Bad earning season, fake recovery, questionable bls, bonds bull ready to burst and mess in europe, with election time. Enough to go cash us for just the next 2-3 week, with a very short bearish trend unpredictable. If cb need to buy before basel iii they need to be long physical, so supportive level will be found and weak hand will be cleared. 

Roark · Nov 2, 2012 - 11:43am

Beat 'em to the punch.

Let me beat the usual hoards of idjits to the punch here so we can bypass what I suspect is coming and get promptly back to stacking. Here we go:

"Turd is an idiot and a liar. He is an agent of the TPTB. He sows disinformation. He is banging Blythe and is smoochie-smoochie butt-buddies with Bernanke. He has led us down the velvet path to financial ruin and now all my children are shoeless. I am a victim! I have rights! So lets grab the torches and pitchforks and lets string him up".

There ya go. I've just done all the heavy lifting for the trolls. Maybe I missed something, but if so it's because it's hard to think like that.

Turd: On a serious note, thanks for all you do. Thanks for the site, and thanks for being a stand-up guy and admitting what you know... and what you don't... and having the balls to say "whoops. I sure missed that one!". I enjoy your insight, your rants, and just generally hanging-out with you and this motley crew. Tonight I shall hoist a beer in your general direction and look forward to a weekend of chuckles and challenges with the members of this community.

Edit: BTW, I just tossed an ASE onto the table. It sounds the same as it did yesterday. Charts be damned!

Istack · Nov 2, 2012 - 11:46am

I'm cool on the outside though

i have two stacks: dollars and silver

some days i wake up and think my dollars have value

some days i wake up and head to the LCS to get some more silver

it's all part of my schizophrenia

fortunately i don't have days where i trade my silver back for cash

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