The New Normal

191
Sun, Dec 16, 2012 - 8:33pm

Unable to take it anymore, Turd lobs out a rare, Sunday night post.

The new normal: Carpet-bomb the metals anytime volume is light, regardless of conditions in other markets.

After a positive open across the board for "risk assets", only gold and silver have turned sharply lower while stocks, crude and the euro have each held their gains. This new normal was mentioned by Chris Martenson, in his latest, which was released this weekend:

https://www.peakprosperity.com/blog/80251/qe-4-folks-aint-normal

As it pertains to gold, Chris says this about the action last Thursday evening:"Gold was mysteriously sold in the thinly-traded overnight markets and again right after the announcement in large, rapid HFT blocks that swamped the bids." We're clearly seeing this behavior again tonight.

I have no idea what the rest of overnight trading holds and, frankly, it doesn't matter. At least not as it pertains to this post. What is clear is that The Gold Cartel no longer cares about appearances. They simply sell and manipulate whenever and wherever it is the most advantageous for them.

Paper trader beware.

Physical buyer rejoice and keep stacking.

TF

About the Author

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

  191 Comments

Dec 16, 2012 - 8:35pm

Ridiculous

Of course, news like this is fundamentally BAD for the metals so they MUST BE SOLD. <sarc>

https://thehill.com/blogs/on-the-money/budget/273145-report-boehner-offers-to-take-debt-limit-off-the-table-in-talks

Absolutely ridiculous.

Dec 16, 2012 - 8:38pm

Even more AUSTERITY news...NOT!!!

Yes, the U.S. is so fiscally sound and responsible. SELL, MORTIMER, SELL!!!

https://www.nypost.com/p/news/national/little_help_here_1kW6aQ8fElj4CKwbheEV0N

Dec 16, 2012 - 8:41pm

And now...WE ARE ALL NEXT!!

Clearly, anyone thinking for themselves and fearing/preparing for societal strife is, in fact, THE REAL DANGER TO SOCIETY!

We're next, boys and girls. We independent thinkers are soon to be demonized.

https://www.dailymail.co.uk/news/article-2249185/Connecticut-school-shooting-Did-paranoid-gun-crazed-mother-trigger-Adam-Lanzas-school-killing-spree-Friends-say-believed-world-edge-collapse.html

jjissel
Dec 16, 2012 - 8:44pm

australian miners getting killed

Ausie miners getting killed overnight. Prelude to a bad day ahead.

hammerman
Dec 16, 2012 - 8:45pm

god bless you turd...

lead on... without fear ... as alawys... your the utmost warrior... and we follow ... bravely..

2x2
Dec 16, 2012 - 8:47pm

no way!

no way!

Evening all. Well, I don't know what to say. I never expected this. I guess I'd like to thank my parents....

First post is some consolation for all the red numbers I'm sweating on. But on a serious note, I might as well throw something out that I read just last night. The source is a little out there, but I figure I'm not alone here in frequenting some left-of-centre sites. The content of the story is quite interesting all around, and the following passage really got me thinking (or more accurately, worrying) about prices and how long any manipulation may continue:

"- I'd like to ask about the meeting of January '80.

That was more or less a congratulations, with everybody shaking everybody else's hands. That was a celebration, because they'd just sold out their interest with gold price based at 800 and something an ounce.

- Had they also sold Rustenberg?

Everything was sold off. They'd cleared their position. _ Not long before that. I think January was when it hit its peak. Actually, in February was when it went ffffffftt. [indicates straight down]. It hit a high of 852 on the Hong Kong exchange. I think there was some talk of 875, but to my knowledge, it only hit 852.

- They sold at 850, or before that?

From what I gathered, around eight and a quarter. Everything was very quiet - just a big celebration. He wanted to thank me for all I'd done, and I wanted to thank him for all he had done. That kind of profit - you can buy things at 175 - I think the top price they paid for gold was $389, and I had done that myself. I was the foolish one, because a week after the Iranian crisis started I said, "I think I'll hedge a little bit." So instead of buying it directly - I'd buy some directly , actual bullion held in the precious metal account, but on the commodity market, being able to buy much more with little. They hadn't instituted controls at that time. All the playing around that had been done - the Hunts, with the silver, and the gold market being manipulated - the margin was hardly anything. For -

oh, use a figure - for $10,000 invested you could control maybe a million or more dollars in gold. Virtually like owning a million dollars in gold. When it went up, let's say a contract would be at that time 10,000 ounces, I believe was the contracts we were dealing with, if the gold went up, $30-$40 a day, that's $30-$40 an ounce. You're holding a triple contract - each contract is worth 10,000 ounces. so it was worth doing that at $389, even though I didn't buy it, the gold itself."

https://educate-yourself.org/cn/naziinternational1981.shtml

The story is about how certain European interests (ie. those quite active in 30s/40s Germany) maintained power well past WWII. Interesting for those with open minds, but perhaps a topic best taken to the forums.

Anyway... here goes....

FIRST!

BIGNASTY
Dec 16, 2012 - 8:49pm

Least Provident was open for

Least Provident was open for me to take a little more metal out of the market! Guess I need to be careful someone might label me a nutter or better yet one of those prepper types!

MrGuboci
Dec 16, 2012 - 8:49pm

2nd :-)

Best of luck to all paper trading Turdities . We will need it .

Patrancus
Dec 16, 2012 - 8:56pm

Here come the blue shirts

Hitler had his brown shirts, and Malcolm Jr will have his blue shirts, in every public school in America.

https://fellowshipofminds.wordpress.com/2012/10/20/obamas-blue-shirts-ho...

Dec 16, 2012 - 8:59pm

Here it comes, folks

Laying the groundwork on national TV, conveniently televised live by all national networks breaking into regularly scheduled shows... Our President is quoting scripture and 'choking up' , all but dragging the dead corpses of children onstage and parading them around. Tragedy and death as shameless theater backdrop for new policy roll-out.

Executive Orders and legislation on the way. New normal, indeed.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

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

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

Key Economic Events Week of 6/10

6/11 8:30 ET Producer Price Index
6/12 8:30 ET Consumer Price Index
6/13 8:30 ET Import Price Index
6/14 8:30 ET Retail Sales
6/14 9:15 ET Cap Ute and Ind Prod
6/14 10:00 ET Business Inventories

Forum Discussion

by sierra skier, 2 hours 45 min ago
by Boggs, Aug 16, 2019 - 7:46pm
by Boggs, Aug 16, 2019 - 7:07pm
by NW VIEW, Aug 16, 2019 - 6:29pm
randomness