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 4, 2013 - 1:34pm

look at things from a different perspective

that is--for the government to avoid doing anything about the massive short position in silver (and gold) is telling.

For the Fed minutes to be released with the thought comments about ending QE (remind you of the Music Man-the thought method of playing an instrument) is telling--bernanke has said it is important to manage perception.

We must be right on our strategy and this country is in bigger trouble than we suspect if they have to resort to this bullshit. Its kind of like we are the underground and fighting the establishment. And we are a relatively small group and frankly, and I hope I do not hurt anybodies feelings, I think few if any of us are heavy hitters in PM (ie--you wake up and place an order for 500k dollars of PM on a whim-although by buying regularly over the years my stash is looking good).

back to trading paper to buy physical

Jan 4, 2013 - 1:35pm

Gold closes at around $1650,

Gold closes at around $1650, right at Santa's line in the sand. How many times have we danced around the $1650 area in the last year? Too many to count.

Jan 4, 2013 - 1:37pm

Any chance of a podcast with Ned or Andy

I kinda new HEH wasn't happening. How about NASE?

Nick Elway
Jan 4, 2013 - 1:40pm

The end of the Great

The end of the Great Keynesian Experiment is upon us. Prepare accordingly.

Turd, you are helping us prepare and giving us a place of sanity in the midst of a flood of MSM disinformation as we are surrounded by people that have no desire to awaken.

I found the John Titor story somewhat optimistic https://en.wikipedia.org/wiki/John_Titor Per the Titor story In 2036 the USA population is half what it is today (after years of neighborhood-on neighborhood civil war, followed by nuclear and biological attacks) but by 2036 the constitution has been re-energized and life is free and good.

The dismal alternative that Jim Sinclair is fighting and that I hope you will choose to fight is a new feudalism dark ages under the thumb of the descendants of the current regime.

I believe your site helps all of us work toward our (tfmetalsreport readers) grandchildren surviving the next two decades with a real chance of living as free human beings. That is a noble cause.

You don't need to post or do a TTM talk every day or limit your posts to metals (Prepare Accordingly is a broad field) . I come to the site because (thanks to the comments) I know I won't miss any important developments and I will find good advice. There are many on this site in various stages of awakening, and awakening with different views that broaden my perspective. (We are like people in a dark cave trying to understand the elephant that is in the cave with them)

On the physical side of low-E I believe removing fluoride from your life and eating more fruits is surprisingly helpful in deciding what needs to be done and doing it.

Take your time, you'll do the right thing!


Jan 4, 2013 - 1:40pm

Turd's Bottom Part 2?

The contrarian in me is very bullish. Everyone is so negative on the metals... Santa seems to be the only long left with a smile on his face. Got the feeling he has been here before, most of the 70s was highly manipulated until the banks lost control of the metal price. In the end Volcker beat the Hunt Brothers by changing the rules on futures contracts and credit, this time it is the shorts who are over leveraged.

Turd is right on the CFTC, I never expected them to fix anything.

The turn is coming though and that is when other sharks can't resist killing off the weaker financial institutions. The last couple months have been so painted... raid after raid to paint negative momentum and get the algos to take down the price. I say whatever keep stacking, also consider that the Goldman and Buffet aren't beyond a little price manipulation to get their positions in the metals.


Keep stacking... you don't see any of the BRICs selling gold. The dollar is toast... trading paper is gambling on timing the market. Stacking is forever.

Jan 4, 2013 - 1:41pm


Concur. Basically in the same space. Listening to MSM would be comedy if not for the sad fact that many still believe the MOPE and therefore its effectiveness.

Change takes a lot longer than one would expect, the old system has tremendous momentum both in institutional form (regulatory capture) and support by those commonly referred to as the sheeple. Many sheeple are too busy trying to survive (using and providing strength to fiat) to notice what is really making their effort so difficult and consequently believe or are confused by the MOPE. e.g. Economy bad ... silver down ... industrial metal. Economy good (QE ending) ... silver down ... monetary metal.

For Turd, and many of us, we have to remember that ignorance will be bliss for the masses until the reset happens whether it is today, tomorrow or 15 years from now.

Remember, the Weimar inflation took several years to run its course in a much smaller economy.

ancientmoneyLamenting Laverne
Jan 4, 2013 - 1:41pm

@Lamenting_Laver thank you . . .

for your post. I copied it in its entirety, and sent it to my wife and kids. Thanks again.


Turd, you have built a community here. We need this community, and it needs to grow. Your site keeps us aware, and knowing we are not alone in our fears, regrets, and growing knowledge of what we face.

I hope you see fit to continue. But if not, I understand.

Mr. FixMudsharkbytes
Jan 4, 2013 - 1:49pm

Reply, Correct me if I'm wrong, Submitted by Mudsharkbytes

I believe that what can be said has already been said.

In response to a similar request about a month ago, the answer was:

“There are literally lives at stake”.

The Evil Empire plays for keeps.

Let me save Turd the trouble.

The lawlessness will continue, in fact, it will escalate.

There will be no "cavalry coming to the rescue".

I hope that answers your question,

it's all we have to go with for now.

Jan 4, 2013 - 1:49pm

The Owners

TF, a rather "colourful" way of explaining the same topic.

George Carlin: The Owners of This Country Have You by the Balls
Chevy Thunder
Jan 4, 2013 - 1:50pm

Explosive Summer Rally?? Or Hoax?


Can you please tell us if the "explosive summer rally" on "insider information" that you were supposedly privy to was all just a hoax to get more clicks? After six months your faithful audience should know the TRUTH. Quite frankly, at this point, it all seems like bullshit. If you were truly expecting an explosive takeoff in PM prices, you wouldn't be in need of "Vitamin E," would you? I mean, prices are about to go parabolic, right? The "evil cartel" is just "days away" from being taught a lesson, right? Where's your enthusiasm? Your entire internet persona is about to be vindicated!

All the best in whatever you decide to do with this site....

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 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

Recent Comments

Forum Discussion

by Green Lantern, Oct 16, 2019 - 9:53pm
by zman, Oct 16, 2019 - 8:51pm
by NW VIEW, Oct 16, 2019 - 7:31pm
by ancientmoney, Oct 16, 2019 - 5:23pm