Friday Open Thread

Fri, Nov 16, 2012 - 9:08am

I'm going to be out and unavailable for most of the day. Here's an open thread for you but, as usual, please try to keep the conversation civil and productive.

Just a couple of things...

In case you missed it, here's a reprint of the "update" I posted to the previous thread. Nothing earth-shattering and certainly not meant to scare you, just a heads up:

5:00 pm EST 11/15/12 UPDATE:

The metals have continued to slowly improve this afternoon from the savage beating they took this morning. This is quite positive for us Good Guys. However, I feel obligated to draw your attention to something that has me concerned.

Did you see this ZH article earlier today? This "dedicated seller" thing set off some alarm bells for me as it reminded me of the period back in late September and early October when we were all similarly flummoxed by a Cartel "Iron Dome" near $1780 in gold and $35 in silver. I wrote about in several posts but summarized the problem on this post from Thursday, October 4:

Here's the problem...That week of desperate, regular Cartel capping culminated with things breaking down on October 5 and the metals have been under consistent pressure ever since. Of course, past isn't always prologue and history doesn't always repeat, but I'm the one who is paid to recognize patterns and this is clearly one we must keep watching. The main level on which to concentrate would seem to be $1705 in gold. A break there and it will become likely that gold sees at least a re-test of the lows of 11/5, near $1670-1680.

This is no reason to be scared, just cautious. Let's see what happens tomorrow.

And you have missed this, too. I certainly did. The Comex has decided to lower initial gold and silver margins again, effective at the close next Tuesday. It's a pretty significant drop, too, with the gold initial margin declining from $9,113 to $7,425 or 18.5%. The silver initial margin was reset to $12,100 from $16,875 for a drop of over 28%. Very interesting move given the recent volatility and high open interest, especially in silver. Here are the rest of the details:

OK, that's all the time I have for now. I'll type up and post a full weekly recap tomorrow morning so please be sure to check back over the weekend. As for today, hang in there, keep the faith and buy some physical.


About the Author

turd [at] tfmetalsreport [dot] com ()


Nov 19, 2012 - 6:57am

A quote from 2008, and even more applicable today, to...

...the state of things to come, including why we are here.


"The genius of Obama is that he has taken a message of fear, and sold it as hope. And the public buys it."


Nov 18, 2012 - 6:41am
Nov 18, 2012 - 5:27am


Slave labor in large industrial scale restarted in Soviet Union, and Nazis learned some practicalities from their frequent exchanges with Soviets before June 1941.

I think many of us are already in improved slave camps also in the "free" world, which has just become too expensive to maintain.

El Gordo
Nov 18, 2012 - 1:23am


I tend to agree with you, but I wonder if this is the appropriate forum for your discussion. I could go on about the strategic significance of Israel for US interests and the like for quite a while, but I don't think this is the place to do it. Just thinking out loud.

Nov 18, 2012 - 1:11am

Why bother

The same scum that frequents Zero Hedge are here. I thought this was a "different" place. I have no control over who "hat tips". The fact that I even get hat tips creates a conspiracy theory. I however contend to not remain silent. Those hat tippers are great support for a half second. Let them flood this forum with support. If not, let fools like you who burned "witches" at the stake have a say.

Correct. I'm new to the site. I wanted to test the waters and see what TF is populated by. But I really don't think there is hope. I thought Gold Horders and Silver stackers are like minded. I am a JEW who is sickened by the money printing. I have children and see what this will do to them. Nobody in the Jewish community even realizes this. They are just as brain dead as you.

You however I find to be just as hypocritical as the money printers. Anyone who in their right mind love the Palestinians are in fact anti FREEDOM. You can call Israel a war machine, an occupier, doing to the poor Pal's what the Germans did... but fact is that people INSIDE Israel can freely speak, buy, and WORSHIP any way they please. Even homosexuality is allowerd (not that I agree with that act). If you encourage the "Fakestinians" you encourage ISLAMIC FANATACISM.

THE MUSLIMS IN THE MIDDLE EAST GENERALLY HATE THE WEST INCLUDING THE FOUNDING FATHERS. They don't want freedom of speach, they don't want freedom to buy whatever you want, and they sure as hell wont let you worship JC or buddah. If you are too stupid to realize that, then keep stacking. Buy buy buy more gold. You might as well eat it and be buried with it. Cuz all I know is your deeds, and what you support is all you take with you to the afterlife. So support ARAB FANATACISM. They are islamic.. they hate EVERYTHING about the united states and what it originally stood for. Israel is in the middle of that bullshit.

Like I said Israel is not perfect.. and if it wasn't there.. WHAT WOULD PALESTINE BE? AT BEST YEMEN. The Ottomons and the Brits couldn't do shit with it. It was as developed as a poor African Nation. Oh maybe if the Jews never settled they would have been the next researchers to cure cancer... made the mobile phone or intel chips.



IT'S THE ONLY THING THAT MAKES SENSE TO ME IS THAT WHEN PUSH COMES TO SHOVE, YOU WOULD RATHER SUPPORT MUSLIMS THEN the only Jewish state. After all, those muslims are good at producing one thing.. OIL. I know how much you looove the petro dollar.


Green Lantern
Nov 17, 2012 - 8:22pm

Interesting but highly speculative

CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

THE $43,000,000,000,000 LAWSUIT CLAIMS ITS FIRST VICTIMS…? November 17, 2012 By

Last week in my News and Views from the Nefarium I talked briefly about the $43 trillion dollar lawsuit filed in New York City against a multitude of bankstering and government officials. On my Facebook Wall, Mr. J.T. followed that up with the observation that this appeared to be the same thing that David Wilcock and Benjamin Fulford were talking about. Well, in one sense yes, and in another, no. In the sense that they talked about this lawsuit, yes, but in the sense of constructing a grand, and almost messianic, scenario, no. In fact, in my opinion, the connections and scenarios that might possibly be constructed from all the financial malfeasance implied in the lawsuit are very much different, and far murkier, than any scenario of Asian secret societies riding to the rescue to bail out mankind. But in any case, one fact now stands out as perhaps being significant, and that is that the lawsuit story actually ran on CNBC, and then has been followed by some tragic circumstances.

The story is reported here:

CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

The lawsuit, as the article itself points out, is now not simply confined to the attention of a few internet websites, but has even come to the attention of the Wall Street Journal, but for our purposes, the murders themselves must remain center stage.

Yesterday I noted some massive discrepancies in the story of the German gold audit, the story that simply won’t go away (and you can hardly blame the Germans or the German government for wanting to know just what the hell has been going on). And in previous blogs I have pointed out that the New York Federal Reserve’s response to German inquiries has essentially been, “Go away, leave us alone, don’t bother us…it’s all there, take our word for it.” The official reason, given by the Fed, was it was protecting “security,” and I averred that the real hidden reason, was national security. I pointed out in yesterday’s blog the crucial role of the Exchange Stabilization Fund in these financial machinations, and how it functions as one part of a mechanism of a hidden, and totally unaccountable, slush fund. I am not alone in these assessments, for on occasion Catherine Austin Fitts has stated similar things

Nov 17, 2012 - 2:23pm

Please Don't Feed the Trolls



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Hmmmm. new user, less than two weeks, "real" name A...B..., all posts offensive, from fictitious town of Richming Hill (it's Richmond Hill).
Please don't feed the trolls.
Nov 17, 2012 - 1:23pm

Expired Elder

I'm very suspicious that your hat-tips have been boosted by people who don't frequent this forum. Get lost shill

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Nov 17, 2012 - 1:09pm

Ivars ?

National Socialist concentration camp greeting .... "Arbeit Macht Frei" .... in Plain Monedian English (PMI) .... Work Makes (One) Free ! Monedas 1929 Comedy Jihad Idle Hands Of The Nanny State Are The Devil's Playground World Tour PS: Nazional Sozialistiche Deutsche Arbeiters Partei .... National Socialist Dutch (German) Workers Party .... The "Nazis" ! They weren't Republicans !

Nov 17, 2012 - 12:38pm

Anyone read Harvey yet?

His comments on the COT report.. that is was very bearish, the amount of commercial shorts. thoughts on.. CME lowers margin requirements:

Gold lowered 18.50% in margin requirements
Silver lowered 9.1% in margin requirements
Copper lowered 9.1% in margin requirements

GATA member James McShirley postulates the following:
James McShirley:

"This is VERY curious. I would have expected the exact opposite with what's going on. History has shown nearly all margin moves, up or down, are for the benefit of members and cronies. In this case they apparently just added overnight a whopping 20% extra leverage to gold (from 18.43-1 to 22.10-1) and about 10% more to silver. (9.10-1 to 10.00-1) While still not extreme by CME standards the timing is stunning, with both gold and silver at historically very high OI. Why extra leverage, and why NOW?


* Lure in more weak longs for an attempted kill shot, maybe up at $1,800?

* Give margin-challenged shorts, or a single short like JPM, more breathing room? (remember there must be a few cronies on margin call after the recent Apple/general equity selloff)

* Try to stem the steep exodus of trading revenue?

* Could cronies actually be getting positioned to make a killing on a monster move higher?

Something has to come from this for sure.

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5/18 2:00 ET Goon Bostic speech
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