In It To Win It

199
Mon, Nov 5, 2012 - 1:21pm

No change here, today. Long, strong and defiant.

Finally! Just one more day to go. Yes, the U.S. election is tomorrow and I'm excited to finally get it over. Not because of the market uncertainty or any excitement for a candidate. I can't wait for all of the political ads to be off the airwaves! I can't turn on my TV without seeing an ad where I learn that Candidate X screws everything that walks but his opponent, Candidate Y, actually eats children for breakfast. What a freaking joke. No wonder so many of my fellow countrymen have turned on and tuned out.

Speaking of the U.S. election, many pundits claim that it's a toss-up and too close to call. Maybe. Hard to say for sure, I guess. Therefore, I give you the only true indicator I know of: Betting lines. Of course these could be wrong, too, but folks that are willing to actually part with cash on the outcome would seem to be more in-tuned than most. So, I checked with my favorite, online wagering site and here's what I found:

2012 US Presidential Election - Winner is determined by who receives Majority Electoral Votes
115
Barack Obama
Mitt Romney

This means that, in order to make $100 on an Obama victory, you have to wager $300. A $100 wager on Romney will make you $250 is he wins. So, here we are, 24 hours out and Romney is a 5/2 underdog.

Pretty much tells me all I need to know for tomorrow.

Here's something fun and constructive, instead. This video, from JS Kim, tells us to protest the system, not by voting for Obama or Romney but by buying an ounce of silver or gold, instead.

Buy Gold, Buy Silver: Don't Vote for Obama or Romney, Serve America By Buying 1 oz of Gold & Silver

https://www.hardassetsalliance.com/cm/precious-metals-breakthrough

https://www.providentmetals.com/

https://www.jmbullion.com/

You might also consider "flipping the bird" by picking up some mining shares. Another one of our advertisers is a web-based service called Mining Stock Valuator. If you're trading the miners and have not yet checked out their service, I strongly encourage you to do so. They provide a great service and they're loyal Turdites, to boot.

https://miningstockvaluator.com/

I found the article below to be interesting. Not that it uncovers anything new but it states the argument well. It's especially timely following the shenanigans of Friday.

https://www.resourceinvestor.com/2012/11/02/the-great-precious-metals-managed-retreat?t=precious-metals

Mike Krieger has been following the events in NYC pretty closely, which isn't necessarily surprising since he used to live there. As you know, the 2nd Amendment has been completely disregarded by the worthless politicians in that area, so this article, sadly, should come as no surprise. Take it for what it's worth but The Turd, by design, lives in an area where guns are still legal.

https://libertyblitzkrieg.com/2012/11/04/queens-residents-use-bows-and-arrows-to-defend-homes-in-post-sandy-nightmare/

Lastly, if you haven't read this interview of Max Keiser, you probably should. Regardless of what you think of Max, he is working his fanny off trying to spread the word regarding the global banker monarchy.

https://www.independent.co.uk/news/world/americas/max-keiser-barack-obama-is-clueless-mitt-romney-will-bankrupt-the-country-8269633.html

That's all for today. Sorry for the late and somewhat abbreviated post but it's going to be a crazy week around the Ferguson household. MrsF is having surgery tomorrow to rearrange some of her plumbing. This makes me Mr. Mom for the remainder of the week so I'm afraid that what you see is what you get for a while. Thanks in advance for your patience and, rest assured, if anything really crazy happens in the metals, I'll make time to cover it.

Have a great day!

TF

About the Author

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

  199 Comments

alphamorph
Nov 5, 2012 - 1:22pm

Today's silver action

For what it's worth (nuthin').

Silver has spent the NY trading day attempting to set a base at around $31.
A great relief as I fully expected to be closing in on $30 by now. If we can build on $31, closing the day at or near $31.50, I still hold some hope for tomorrow. If we can't hold onto $31, then I expect that we'll see $30.25 and potential plunge lower. Nonetheless, I've backed out of a bit of my mining stocks.

indosil
Nov 5, 2012 - 1:22pm

first

first

Orange
Nov 5, 2012 - 1:26pm

Best Wishes to Mrs. F

Turd please give our best wishes to Mrs. F. and all the strength to you so you can help her recover quickly.

tpbeta
Nov 5, 2012 - 1:27pm

I expect...

...the metals to move as the results come in and not before. Up or down.

alphamorph
Nov 5, 2012 - 1:28pm

Mrs. F

Hope all goes well. Please send along my best wishes on speedy recovery.

HeNateMe
Nov 5, 2012 - 1:33pm

Turd - I understand

Taking care of children is the toughest job out there. Relax and focus on the kids - don't worry about us. We will all still be here when you get back.

Well, except for the trolls as the price of silver/gold will be higher upon your return.

HeNateMe

Henry Frap
Nov 5, 2012 - 1:34pm

Yep- over soon!

Can't wait for regularly scheduled crappy commercials and away with political bs....

onealpha
Nov 5, 2012 - 1:36pm

How Appropriate

To seemingly celebrate the 2012 Election, the US Mint today sent me this ad for the 2012 Denali 5 ounce ATB coin. Featuring, the Great American Sheep! Now there is some symbolism if ever I saw it.

ENHANCE YOUR COLLECTION WITH MOUNTAINOUS SPLENDOR

The United States Mint is proud to offer the 2012 America the Beautiful Five-Ounce Silver Uncirculated Coin honoring Alaska’s breath-taking Denali National Park and Preserve. This three-inch coin contains .999 fine silver and features an image of North America’s tallest peak – iconic Mount McKinley – on the tails side with a Dall sheep in the foreground.

Anonymous
Nov 5, 2012 - 1:41pm

Removed comment

Removed comment.

onealpha
Nov 5, 2012 - 1:43pm

I will be voting

Dont get me wrong with the sheep posting. Sheep take many forms. I will be voting tomorrow. If you want to fall prey to Obama supporters encouraging you not to vote then so be it. It is the only strategy they have left. There are a lot of good reasons as a constitutional conservative not to support Romney and I understand them all. This is not directed at anyone here who says not to vote, but you may be falling prey to the overwhelming noise I hear from the left encouraging others not to vote because it serves their purpose. You may really believe that it doesn't matter and that is your right. Myself, I think it might still matter, and I am not prepared to give up all hope yet that my vote doesnt matter. Maybe your right, but maybe your not. That is all I am saying. I respect your right not to vote, but please respect mine.

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

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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

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

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