Whatever

343
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.

TF

About the Author

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

  343 Comments

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

Darn

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

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

THURSDAY, JANUARY 27, 2011

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!

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

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

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