Not Getting Any Easier

Tue, Dec 4, 2012 - 11:25am

I'm running behind schedule this morning and now my printer just ran out of ink. Par for the course and it looks to be another "one of those days".

Sorry for the late start but things have been busy this morning. If you have kids, I'm sure you've noticed that this parenting stuff just never seems to get any easier. Part of me keeps expecting it to but it never does and, frankly, it seems that 7th and 9th grade, especially for girls, is particularly challenging. You try to teach and shape and mold and yet, adolescent girls seem determined to make things as dramatic and challenging for themselves as possible. As a man, this is sure tough to take sometimes. As a man who doesn't like to manage and who tends to see things in black-and-white, this age is enough to drive you crazy.

So, if I seem a bit testy with you, my dear reader, I apologize. I'm doing my level best to "manage" this place and its mission. Yes, it's still fun to trade a little. (I currently have one Feb13 gold call and 3 Mar13 silver calls. I do this for fun and, more importantly, I've found that I need to have some skin in the game in order to stay focused for you.) However, we must, as a group, move away from the apoplectic angst that appears here with every sustained set of downticks. The world is changing. The current, global financial system...the one you've grown up with and lived with your entire passing away and a new system is slowly emerging. To protect your wealth and your purchasing power through these events, I've begged pleaded asked you to purchase as much physical gold and silver as personally prudent.

{So, I just paused and re-read everything I've typed so far. It seems that I have just compared many of the users/members of this site to adolescent girls. This was not my intention but, now that I've done it, I think I'll stick with it. Though it's never a good career move to insult your audience, in this case, a cold slap across the face and some tough love may be cathartic.}

Anyway, back on message...As stated above, my printer ran out of ink this morning so I had to stop at just two charts. That's OK. I don't want to read too much into today's action anyway. First, for perspective, here's a reprint of a chart I posted back on Saturday morning:

As clearly stated on Saturday, the action last week made the gold chart look pretty nasty. Frankly, I was surprised that this ugliness wasn't seized upon by the momo-junkies yesterday. Apparently, they were just waiting for a bounce before they attacked. I posted several charts intraday yesterday that showed a clear capping effort at $1722. From there, the HFTs attacked and down goes gold. At this point, we are once again in the situation where the algos are driving paper price lower but the bullion banks are using the selling to cover paper and bid for physical. This will, eventually, put a floor under this drop. IF gold can reclaim 1705 by the close, chances are high that the rest of the week will be positive. IF NOT, then I would expect a trip down toward 1675 before we see a recovery.

Again, though, unless you are trading paper all by your lonesome (which I've made every effort to dissuade you against), why the angst? Screw 'em! Let The Cartel jam price back and forth. If paper traders are stoo-stoo-stoopid enough to continue being led by the nose to the fleecing shed, then so be it. Your stack and my stack of metal looks exactly the same today as it did yesterday, paper price be damned. One day very soon...VERY SOON...the truth will finally emerge regarding the nefarious manipulation of paper price. WHEN that happens, the fiat-conversion value of your stack will skyrocket and days like today will be a distant, forgotten memory.

And let me just say this: I sense a growing disenchantment that my "historic and explosive" change of fundamentals has not yet occurred. I suppose that I could battle each and every detractor that shows up here but what would be the point? Fighting everyone would only give a sense of desperation and deception. Why would I do that when I am not desperate and I am not deceiving you? I know what I know and I, like everyone else, am simply waiting for all of the shoes to drop. WHEN they drop, the embarrassment and indictment of everyone and everything related to the manipulation will be clear. Everyone from Heads of Global Commodities to politically-appointed bureaucrats will be exposed for the corrupt narcissists that they are. Until then, we wait and stack.

Try to have a good day. Step away from your computer for a while. Maybe go out and perform an act of charity. You'll feel a lot better and you'll help someone else in the process.


About the Author

turd [at] tfmetalsreport [dot] com ()


Dec 4, 2012 - 11:30am



Doh! No - thurd

Fr. Bill
Dec 4, 2012 - 11:31am


On Tuesday the week is still new All are hoping for profits in view. So, Furst, Secund, or Thurd Out in front of the herd, Is well worth all the hullabaloo.

Dec 4, 2012 - 11:34am

Thanks TF...

Thank you for all that you do.

Best of luck with the girls, wherever they may be!

Looks like another good point to do some stacking coming up!

Dec 4, 2012 - 11:35am

Sad Tuesday.....Happy Wednesday

Repost From Last Thread

@Turd-My Two Cents

The series of data about to be released from Tomorrow .....this is the most likely cause for Today's fall.....the Data in the coming days & week are gonna suck big time......Shorts covering in this fall.......steady rise till 11th ..then a beatdown before Ben's soon as he is finished....wholllaaa...we will be on a roll...but but.....WTFDIK

The man who stole a leopard
Dec 4, 2012 - 11:35am


Video unavailable

and they want you to buy physical Gold!!! WTF?!

Dec 4, 2012 - 11:35am

from GATA LeMetropole Cafe

Chris Powell and I are flying to Washington on Sunday night to appear on the Russia Today show Capital Account the following Tuesday. It is a follow up to Bart Chilton’s appearance which drew 73,000 hits on You Tube alone, in addition to their 2 million subscription worldwide cable audience. If you have any ideas how to maximize our trip in terms of increasing viewer ship etc., please let me know


The gold/silver share sector is still in a siege, with the sentiment worse than at any time since I began this commentary in September of 1998, despite the gold and silver price rises from $290 and $4 respectively. Back then there was HOPE and a clear understanding, at least from the GATA camp, where prices were going and why. Now there is much DESPAIR. Despite the price rises, the price suppression scheme is carrying the day for the bad guys to dampen enthusiasm in the share sector because of sharply rising mining costs. Shares of many of the junior and exploration companies are back to where they were when gold and silver were at their bottoms at the turn of the century, or not too far off those lows. Brokerage business in the sector stinks, there are few deals being made, little money is available to enhance business, etc. Many veteran investors in the share sector are fleeing or have already fled.

Café members know this all too well. GATA is doing all we can do to change the climate, carrying our spear right at the bad guys causing so much harm to the industry. There will be developments in the next couple of months which will aide our efforts, but now is the time to seize the day. We are hoping our efforts on Russia Today’s Capital Account will enhance our fundraising event, featuring the legendary Bob Bishop, at The Cambridge House Conference in Vancouver on January 21. One of our goals is to pick up some corporate sponsorships for the fund raiser. The major problem today for many in the junior/exploration sector is this price suppression scheme. What other group is out there doing anything about it? Many firms in our sector know of GATA, but do not know, or appreciate, what we are attempting to do for them. Perhaps if they watch this show, know its audience, they will be more sympathetic to helping us to help them.

Chris Powell will be dispatching the info on the show later in the week. We would appreciate it if you forward the info to the CEO’s of the precious metals firms in which you are a shareholder.


Bill of Rights
Dec 4, 2012 - 11:36am


Still looks the same as yesterday...

El Gordo
Dec 4, 2012 - 11:36am

Top 10?

Just logged on at the right time I guess. Now, let's go shopping for some real money.

Dec 4, 2012 - 11:36am

A good day for the beach

Sapphire Beach Sounds Good, Beautiful day in VI,s

Dec 4, 2012 - 11:37am

And don't discount this in the short term

There appears to be a real, global liquidity issue developing. Probably not the best time to try catching falling knives. Best to stand aside and look for physical purchase bargains.

Note the 5-day change in the 10-year repo. No doubt all should be cautious here.

Bill of Rights
Dec 4, 2012 - 11:38am


That is beautiful, BoR. Well done!!

Dec 4, 2012 - 11:42am

SI 20

Maybe 32.84 area if you want to go long, I'm watching 33.23 and 33.68 areas to reload short.

Dec 4, 2012 - 11:43am

It's not manipulation

it's magic! (i don't get as angry that way)


catharsis - the purging of the emotions or relieving of emotional tensions, especially through certain kinds of art, as tragedy or music.

thanks for the vocabulary lesson Turd

Dec 4, 2012 - 11:43am

Exactly, just keep stacking.

Exactly, just keep stacking. Count your wealth in oz's and not dollars. Take these prices dips as a blessing.

"Avoid the five most common gold and silver investing mistakes."

Dec 4, 2012 - 11:45am

How to get rich!

1. Buy Miners

2. ?

3. Profit

achmachat The man who stole a leopard
Dec 4, 2012 - 11:45am

oh crap!

now that Motley Fool isn't just some anonymous dude but actually has a face and a voice, it will be much harder to be mean to him!

Dec 4, 2012 - 11:46am
Dec 4, 2012 - 11:49am

You are right Turd..

my own fault.. last night's actions really put me on a downer.. need to smarten up.

I also thought we would see a nice short covering bounce this morning.. nope.

Dec 4, 2012 - 11:49am

@TURD-Falling Knives

As per the Zer0 Hedge article relating to rates do you Intend to say that Inspite of Ben unleashing QE4 we might see a correction in Gold & Silver rather than escalation??

Dec 4, 2012 - 11:50am

Thank you for posting that

Very good stuff from Trader Dan. All should read and keep perspective. These paper games are meaningless bullshit. Keep your eye on the ball!

R man J
Dec 4, 2012 - 11:52am

My PHYZZ purchases were done for 2012

Until the smash under $33. I love a good sale!

Dec 4, 2012 - 11:52am

What I'm saying is that

What I'm saying is that everyone needs to be cognizant of the world around them. Gold and silver do not yet trade in a vacuum. All the fundos is the world can be temporarily ignored in a panic. 

Not sayin, just sayin. Stay alert.

R man J
Dec 4, 2012 - 11:56am

Me, too.

For fun, I just bought another 10 ounce bar (of silver) this morning.

Dec 4, 2012 - 11:56am


Black and white is nice but gray is an essential part of life for myself.

I like to keep an open mind and think more in terms of dark gray/light gray otherwise all the colors or decisions in-between bet blurred while being not considered. Rose colored glasses are not an option.

The one gray exception for me is my desire to see all of our gold/silver stacks be coal black and profitable.

Dec 4, 2012 - 11:57am

what do you all think

about January and Feb, with the "fiscal cliff" and the debt ceiling. Do you think the USA can get out with their AAA rating, and if not then hedge funds by law will have to get out. I am not sure on these things, but I am sure on stacking!

And daughters grow up, mine is 29 now, and she is with the program, and a stacker!


Dec 4, 2012 - 11:58am

Removed comment

Removed comment.

Dec 4, 2012 - 12:01pm

Bill Gross, others look past Treasurys for 2013

Dec. 4, 2012, 9:54 a.m. EST

Bill Gross, others look past Treasurys for 2013

Australia, emerging markets look more favorable

By dlevine[at]marketwatch[dot]com (Deborah Levine), MarketWatch

SAN FRANCISCO (MarketWatch) — Bond investors such as Pimco's Bill Gross and strategists, including those at RBS Securities and Credit Suisse, are looking for where to put their money in 2013.

Among fixed-income options, Gross, manager of the world’s biggest bond fund, said his picks are mostly outside the traditional options of Treasury bonds as well as U.S. corporate debt — investment grade or high yield.

”If a 2% or lower real growth forecast holds for most of the developed world over the foreseeable future, then it is clear that there will be investment consequences,” Gross wrote in a commentary Tuesday.

He’d rather buy high-quality municipal bonds or U.S. inflation-protected bonds. He also still favors commodities like oil and gold and emerging-market stocks in currencies besides the dollar (which usually indicates investors are expected to benefit from some currency appreciation too).

As for his “plans,” Gross said he’s less favorable to long-term bonds in developed countries, including the U.S., U.K. and Germany, as well as high-yield bonds and bank and insurance-company stocks.

“The list to a considerable extent reflects the view that emerging economy growth will continue to be higher than that of developed countries. Their debt on average will remain much lower, and their demographic age much younger,” he said. See blog: Gross lays out four structural challenges for U.S. economy.

The response from developed-market policy makers will be to attempt to reflate their economies — or expand output through stimulus measures — which will move yields gradually higher, he said..

Dec 4, 2012 - 12:03pm
ChocoHotDog MUDbone
Dec 4, 2012 - 12:03pm

@ MUDbone: Someone's watches southpark!

Stealing underwear is about the same as owning miners. When someone figures out how to profit off them please let me know. 

Dec 4, 2012 - 12:04pm


You mentioned about a final shakeout before the SHTF.....are we witnessing one??

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