Low E

Fri, Jan 4, 2013 - 11:42am

As a middle-aged American male, I'm told by my television that I should be concerned about "Low T"...Big Pharma slang for low testosterone. So far, so good on that one (as MrsF will attest ). A much bigger problem right now is "Low E"...Turd slang for low enthusiasm.

Maybe tomorrow I'll write a post that discusses the MOPE and crap of yesterday. That The Fed can/will end QE as soon as later this year is so nonsensical that it doesn't deserve logical refutation.

Maybe tomorrow I'll write a post that discusses the latest BLSBS, replete with buried statistics and mentions of participation rates and seasonal adjustments.

Maybe tomorrow I'll write a post that includes a bunch of charts with lines drawn all over them, showing where price might stop and reverse.

For now, I only want to write about the one thing that bothered me the entire time I was on vacation...the CFTC.

You see, here's the problem: I'd like to have hope. I see things. I talk to people. I read a lot. And I think. All of this leads me to the conclusions I espouse here. Namely, that the end of The Great Keynesian Experiment is upon us and we all need to prepare accordingly. The politicians are all corrupt. The U.S., and the world for that matter, is ruled in favor of the very few, particularly the international bankers. The global economic system is about to collapse and morph into something completely different from what we've all known our entire lifetimes.

But, I'd like to have hope. Hope that I'm wrong. Hope that I simply have an overactive imagination. Hope that I am just channeling Russell Crowe playing John Nash, seeing clearly nothing but make-believe conspiracies and foolishly connecting the dots.

But the problem is...the CFTC. There the illusion and hope unravels.

You'll surely ask me how I know and I'll say "I don't". So, don't bother. I have no proof. Only faith and trust which could also be misplaced. But I am entirely confident that the CFTC has been given, all wrapped up in a neat little package, everything they need to prove, beyond a shadow of a doubt, that the metals markets are wholly and entirely manipulated for the gain of a few bullion banks. Instead of acting promptly, to restore order and confidence in "free and fair markets", they dawdle. They stall. They issue no statements. They conclude no investigations. And, most importantly, they allow the crime to continue as if nothing has changed. Only now they are accomplices, to the point of being co-conspirators.

And this is the problem. Hope is gone. Not that the CFTC was some hoped-for, last bastion of integrity. That's not it at all. They are, instead, the proverbial "straw that broke my back". Because now that I know that the CFTC is negligent and corrupt and only serving to protect and defend their TBTF overlords, my hope is gone. And, again, I'm not talking about hope for a resolution to the metals manipulation, I'm talking about hope that the entire western political and economic system really isn't as corrupt and narcissistic as it seems. For it's impossible not to reach the following conclusion:

  1. The CFTC is protecting a major TBTF, Fed primary dealer by refusing to acknowledge the manipulation.
  2. If this one, government bureaucracy is in the back-pocket of the banks, all of the rest likely are, too.
  3. And if all of the agencies are in the back-pocket of the banks, then the politicians are, too, because most of the bureaucrats are political appointees.
  4. And if all of the politicians are in the the back-pocket of the banks, then the entire political system is a sham. There are no elections. It's all just an illusion designed to mollify the masses.
  5. And if that's the case, what kind of world do we really live in?

So, you can see my problem here. I suffer from "Low E". Why bother to write about all of the day-to-day stuff? Why mark up all my silly charts? Once hope is gone, soldiering on can get pretty challenging. Perhaps I can draw renewed inspiration from the idea of "awakening the masses". Logic suggests that only by operating within the matrix can you reach those still contained therein. But I don't know. I really don't. Inevitably, the first question is: Why try at all?

Let me work on that for a while and I'll get back to you soon. Maybe tomorrow.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jan 5, 2013 - 5:34am

Re: More CNBC S$%#

Wotchingdogma, I am sure, worst week of silver does not mean highest percentage loss but completely depleted silver stores.

Jan 5, 2013 - 5:28am

Message to TURD

Yes , bankers control almost everything, and they will not give up. The whole Western culture is based on notion of debt and usury as basis of morality. That helps the bankers as no one even questions the basic tenets. They control much more than ever in the last century .There is a complete net of mega banks and CBs covering the whole globe now. Such a grip have never been there before. The shakeout/end of USG treasury based world financial system is nearing, and all means will be used in the fight , corruption being the mildest of them, to establish new system to benefit bankers. I lack the knowledge to imagine what it could be and even more so, how to survive the change, but there is still time and may be some clever heads never heard on mainstream will start to see it and offer alternatives, but...first round will be won by bankers just because of the power of debt, usury and state repression apparatus reinforcing its collection.

Next 2 years will be marked by increased tensions brought by the convulsions of USG treasuries based world financial system and eruptions of conflicts/black swan events when some of these smaller tensions will be resolved, while the big ones will continue to be kicked down the road and preparations made in all countries/blocks to protect their interests until the system reset will be imminent. The USG debt will continue to grow, the trust in USD/USG treasuries continue to erode -> when people start to lose trust in the BASIS of world financial system, there are those trigger events and levels when much worse things than PM price increase or fluctuations may happen as preemptive strategies are deployed.

So, what is the target?

To make money on PMs?

To survive the crisis - what will it look like ? Any clear ideas? It definitely will be hitting not only the value of USD but everything, the whole environment people are used to trust will change, not the least the role of the state as a protector of banking interests, and the servants of state becoming less and less objective in their handling of others as their own positions will more and more depend on serving the masters. Authoritarian regime in the USA is coming without no doubt , every day, and many other places that were called democratic so far.

To affect the next system coming? What is then the preferred one, why, and how to practically influence its emergence, even partial?

TURD, definitely taking a broader look at issues hurts first, as it creates chaos in ones head as old paradigm is being challenged, but if one is as bright as You are, and able to attract people to the site who think, it may be even better after new paradigm emerges through the pains of birth you experience now. The new vision. Just do not let it come too easily, or quality will suffer.

Meanwhile, daily and directional movements of PMs prices means a lot to the people who visit this site, so keep it coming:).

Also stacking so far seems to be the best medium term strategy a person can choose, just NOT on borrowed money. Debt paydown in my eyes comes as priority as I do not believe in hyperinflation of USD or EUR. As high inflation (taking money from todays population) was killed last time by interest rates ( Volcker 1980) instead of that came debt accumulation (taking money from future population ( Reagan->) , so this time the inflation will be killed by default on debt. How? Figure out, task number 1. It is not about if, it is HOW and WHEN.

Jan 5, 2013 - 5:15am

GSR yesterday went up, and

GSR yesterday went up, and again, that did not quite represent the movement in silver prices up that happened after hours:

In fact, it went down to 54, 75, a bit above Thursdays close. This makes no big difference since in both cases, this is a pattern that may indicate GSR cascading down short term, like next week. That would be of course what I want to think, so ... But it broke a bit a consolidation pattern for a move higher, had kind of triple top and the most hopeful part was that it turned around after obvious overreaction to FOMC minutes exactly at payroll report. The same did EUR, which is very important, as it signals that USDx ( we should discount JPY in that, as JPY for the time being indicates nothing about USD strength, only yen weakness) may be loosing upswing momentum.

I consider it very important the turn happened at payrolls , as last 3 trend turns to the downside also happened after payrolls given FED targeting it. Payrolls are major drivers in silver price trends, then, confirmed. The fact unemployment figure, what ever it means, stayed flat, dislodged the panic created by some FED member statements that tried to time end of bond purchases . 6,5% and unemployment in general remains the target number 1. That number did not come closer at all. So much for timing exits.

Also , daily hammer on silver with extremely long shadow and first weekly plus (in Globex, yes) after 5 down weeks makes me think that at least 1 week should be positive now for metals with price level I am not sure about. GSR may reach 52 in that scenario , so silver around 32,5 -33 but that can be short lived given the volatility coming from politics.

I think there will be some whipsawing in to coming month. May be on a generally positive uptrend.

The spending has not stopped though taxes has increased. The fiscal deficit hence is unknown and interesting to see figures for December and January, as that will determine need for debt increase.

Jan 5, 2013 - 4:54am

Do truth & honesty count in a civilised society??

TF said

>"Perhaps I can draw renewed inspiration from the idea of "awakening the masses"."

Yes, we all have a duty to awaken the masses ....... (I'm still thinking ag1969)


suggestion No. 1 ....... ask the (a) question...

.............................Do truth & honesty count in a civilized society??

.......or even.............Are we truly civilized?

.......0r perhaps........... what does it mean to be civilized?






NB..... ours are neither honest nor civilized societies.

El Gordo
Jan 5, 2013 - 4:17am
Jan 5, 2013 - 4:16am

@ Adman---MOPE

I think the acronym stands for Management Of Perceptions Economy.

All the stats are lies, the markets are managed, all to give the perception that the economy is well.

"If the Dow is up, things must be getting better"- that kind of crap.

Jan 5, 2013 - 4:10am

" Turd " is the turd - - -

The Mycelial Mind Picture shows mushrooms growing on a Turd. A humble Turd is the preferred fruiting habitat for the greatest mass of any individual organism on this planet. The Turd, the mushroom and it's mycelium infrastructure is almost certainly one of the most sophisticated and intelligent relationships on the planet. I see our man " Turd " as the medium of nourishment for the Posters on this site (mushrooms). The mycelium is the magical dynamic infrastructure which has the ability to seek out and communicate with the positive and ignore the negative (internet). Life itself must always be positive or it is doomed to failure. To cut a long story short I love the " Turd " for what he is - - - the medium for creating something positive and potentially greater than any of us could be as individuals.

* Mycelium as Nature's Internet

* The Mushroom Life Cycle

* Mushrooms in Their Natural Habitat

* The Medicinal Mushroom Forest

Mycelium is "the neurological network of nature" that can "expand to thousands of acres in size in cellular mats achieving the greatest mass of any individual organism on this planet".

Mycelium is a single-celled organism that travels several inches a day. That means there is only one cell wall that protects this organism from pathogens, yet it thrives more prolifically that any plant or animal on the planet.

In fact, it is mycelium's vast structural network that is responsible for decomposing plant debris, at the same time providing nutrients to the plant and animal kingdoms. In other words,mycelium is earth's life support system and should be understood, respected and protected as such.

A mushroom is the fruit of mycelium. They produce spores capable of traveling great distances on the wind, on clothing, in animal feces and even on envelopes and packages in our mail.

There are four types of fungi: saprophytes, parasites, mycorrhizal and endophytes. The saprophyte subtype is largely responsible for recycling organic debris and providing nutrients to the plant and animal world.

Mycorrhizal fungi are vital to the health of forests because it transports nutrients to different species of trees.

The chapter The Medicinal Mushroom Forest
discusses the ancient knowledge of the value of mushrooms to both the human body and the forest ecosystem with useful charts of commonly collected wild edible mushrooms from NW North America including chanterelles, matsutake and hedgehogs.

Various mushroom varieties possess potent anti-microbial properties. The author notes that a "moldy cantaloupe sent to an army research lab in 1941" led to the identification and extraction of strains of penicillium chrysogenum that led to the commercial synthesis of penicillin.

Mr. Stamets' own research led to the discovery that the extract of mycelium from the mushroom Fomitopsis officinalis "protects human blood cells from infection by orthopox viruses including the family of viruses that includes smallpox."

Specific varieties of mushrooms possess antiviral activity against such viruses as hepatitis B, herpes simplex, HIV, influenza, pox, and tobacco mosaic virus. A useful table lists various mushrooms and their antiviral activities.

Several varieties of mushrooms are sources of other medicinal compounds including triterpenoids and glycoproteins. Pages 38-39 provide a cross index of Mushrooms and Targeted Therapeutic Effects including mushroom activity against specific cancers.

Mr. Stamets presents strong evidence that fungi from old growth forests have potential as sources for new and vital medicines. And he emphasizes the essential importance of preserving this priceless resource.

Learn more: https://www.naturalnews.com/022797_mushrooms_mycelium_health.html#ixzz2H5F0Mu7n

Jan 5, 2013 - 3:02am

Be effective

Turd, if your current methods of fighting the suppression are not getting the result you want then decide what would be effective and do that.

Perhaps, as a leader, you are far more powerful than you think. "They" want you to think smaller, so just think bigger. Like all such fights - easier said than done.

AdmanJ Y
Jan 5, 2013 - 2:58am

Thanks for clearing that up.

Thanks for clearing that up. It's been bugging me for ages.

Jan 5, 2013 - 2:57am

Heeeeeeeere's Johnny!

Wow. Johnny actually having a constructive, positive moment? I am skeptical.

HOWEVER, crowdfunding IS an intriguing concept, recently sanctioned by legislation (though if we wait for SEC to craft rules for it, we'll all grow old without ever starting).

Check out indiegogo or Kickstarter for ideas, inspiration (and facepalms at some of the things that already HAVE been fully funded).

For example, one of the first things I stumbled on there was GravityLight, an idea to use potential energy of a lifted bag of sand to produce enough light for a room. I am sure Turd & the collective can come up with worthy idea(s).

Although the more I think about it, a Silver Dollar is also a genuinely good idea. And if we assume only 2-3% of the population is awake/aware, it could even grow into a national cult chain of bars, each with their local flavor.

Oh, and Johnny -- you do realize the story continues after that part you showed, right? Hey, if we're taking this as a parable, why can't we choose OUR favorite slice? You can stay on your knees (or enjoy your tour aboard DS2), if you wish.


PS: @Adman -- HEH is 'Hot, Explosive and Historic', referring to the eventual, inevitable (but perpetually delayed) result of when manipulation in the PM markets breaks, or at least slips. MOPE you can just search for on the engine of your choice - Management Of Perspective/Perception Economics. Creating the illusion of growth/stability to try to engender real growth & stability. This is what you see when you look around the world today -- cooked books & statistics & constant onslaught of propaganda.

Subscribe or login to read all comments.


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 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
4/23 9:45 ET Markit flash PMIs
4/24 8:30 ET Durable Goods

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Recent Comments

Forum Discussion

by Green Lantern, May 30, 2020 - 11:03pm
by 11IMIX, May 30, 2020 - 2:08pm
by 11IMIX, May 30, 2020 - 1:54pm
by sierra skier, May 30, 2020 - 9:05am
by lairdwd, May 30, 2020 - 8:43am
by SteveW, May 30, 2020 - 12:22am