Tue, Feb 5, 2013 - 11:02am

In the true, military sense...our situation remains "normal"...

Video unavailable

I mean, seriously. Nearly every central bank in the fiat world is rushing to debase and devalue its currency in a vain attempt to monetize its debt and extend The Ponzi. This cash invariably sloshes around the planet and drives everything higher. Stocks, crude, food items. It doesn't matter, they're all going higher except...the metals, of course.

The only real monetary alternative...the two things that should be benefiting the most...the only alternatives to fiat currency...remain under assault and pressured lower. Why? Well, that's easy. The Fiat Masters must not allow gold and silver to appear as a reliable alternative. The illusion of prosperity and calm must be maintained, therefore, gold and silver must be kept lower.

So, the situation this fine Tuesday remains normal, all F'd up. Stocks are soaring and reclaiming all of the losses from yesterday. The Pig is stable and remains a "safe haven". The U.S. 10-year note continues to yield 2%...finding willing buyers even though they are virtually guaranteed a minimum of -10% annualized real return if held to maturity. (But, hey, when the only "willing buyers" are The Goons at your own central bank, why does it matter anyway?) And the metals continue to be slammed by The Cartels and their willing and unwitting accomplices in the momo trade. Whatever. It's all just a complete sham.

Please, I beg you, use this remaining time smartly. Though it's probably wise to play along with some of your cash (if they are going to relentlessly drive stocks higher, you might as well let them make you some extra fiat), now is the time to be preparing for The Paradigm Shift. This global monetary change will not occur this week...it likely won't occur this month...maybe not even this year...but it will occur. Of that you can be certain.

In the meantime, in our SNAFU world, the most valuable assets that you can accumulate...physical gold and silver...continue to see their prices controlled and driven lower at the urge of a machine and a headline. Oh wow! Something called the "non-manufacturing ISM" can cause prices to gyrate wildly both before and after the "news". Amazing. Simply amazing. Just btfd and forget about it, lest you be driven crazy like yours truly...

So here are your updated charts. Well, sort of updated. I printed them off about an hour ago and prices have moved about quite a bit since (see paragraph above). Regardless, the pennants and resistance levels remain valid so these charts should remain helpful.

Look, I know this is extremely challenging, frustrating and agonizing and it seems that it will go on forever...that The Forces of Darkness will remain in control of the metals and that they will simply create enough paper metal to suppress price to eternity. Let me assure you, they can't and they won't. In fact, I am convinced that gold is on the verge of a major breakout. Open interest fell Friday to just 423,613. This is the lowest level since the price lows of 12/27/12 and late August of last year. Combine this with the CoT structure, the charts and physical picture and you've got the recipe that has preceded virtually every other breakout. This will undoubtedly prompt a rally in silver, too, so hang in there. Just be patient.

A couple of headlines that you cannot and should not ignore. First, it's official. The U.S. no longer has a "debt ceiling". The issue has been permanently punted by the politicians who were afraid that the negative press was beginning to affect the re-election possibilities. Oh sure, tack on the silly "you'd better pass a budget or we'll hold back your pay" nonsense and The Sheep and MSM will just forget about the whole thing in a few days. August 2013 will come and go and the U.S. debt will simply grow unabated, to infinity. https://blogs.wsj.com/washwire/2013/02/04/obama-signs-debt-ceiling-law-now-what/

In regards to "The Paradigm Shift", here's your latest world gold reserve update. https://www.zerohedge.com/news/2013-02-05/china-imports-record-amount-gold-december-price-drop Your "friends", the Chinese, officially imported 834.5 mts of gold last year, doubling the already-massive 431 mts they imported in 2011. This brings they're reported official holdings to somewhere north of 3,000 mts. However, none of that total includes the gold that they have imported "unofficially" and that which they simply mined themselves. (Remember that in 2007, China surpassed South Africa as the world's largest producer.) And please, please, don't forget about this: https://www.tfmetalsreport.com/blog/3924/gonefor-good The metal that the Chinese are taking from The West is being re-cast into one kilo bars, never to return to the LBMA system. It's gone and it ain't comin' back.

(And yet, paper price declines. I just happened to check prices a minute ago and I see that gold is now about $20 off its highs of an hour ago. What a complete joke. Nice to see that this post is appropriately titled, though.)

And finally...after all this time reading about currency devaluation and Chinese plans...it's time you connect a few dots. If you think that this: https://www.zerohedge.com/news/2013-02-05/chinese-warship-prepared-fire-japanese-destroyer-last-week and this: https://www.telegraph.co.uk/news/worldnews/asia/northkorea/9846447/North-Korea-preparing-for-two-nuclear-tests.html and this: https://www.guardian.co.uk/world/2013/feb/05/north-korea-video-us-city-flames are completely unrelated to this...

...then you're crazier than I am. It's a wild and dangerous world out there, full of intended and unintended consequences. Please continue to use his time wisely and btfd.


About the Author

turd [at] tfmetalsreport [dot] com ()


Feb 5, 2013 - 11:07am


I did it! Foiled again......story of my life.....woe is me! I am actually a distant turd.

Feb 5, 2013 - 11:08am

thanks for all you do! (again!)

lol@ www.TFyenReport.com

I should register it before the Bernank does so...

Feb 5, 2013 - 11:08am


Aargh thought i had it, my first first! Ah well beaten by a fraction might as well pimp my new blog.

Was going to call it AFbitcoinsreport but thought that might annoy Turd. Don't be harsh on me if you read it, early days.


Be Prepared
Feb 5, 2013 - 11:11am

I think therefore I am...

It's good to be.... and even better to exist.... and it always the best to be a Turdite!

Feb 5, 2013 - 11:12am

Top 10

Did I win anything?

El Gordo
Feb 5, 2013 - 11:15am

When I used to get high...

...the airplane was optional. Oops, wrong thread.

Silver Alert
Feb 5, 2013 - 11:15am

Finally goth the

7th I needed.

New game everyone - collect 1 each of the top ten spots. (Only 1 spot per blog allowed.)

Feb 5, 2013 - 11:17am

top ten

oh yeah

Edit: Now that I've proved I can hit a button as fast as the best of the turdites, I can actually discuss the topic.

Its likely that one of the reasons that PM are being suppressed is to keep a lid on Cu price. JPM has approval for a copper ETF and it will take a while to counter China's stockpiles. If gold and silver get out of hand, it will not be possible to hold copper down either. Although gold and silver are important in the QE environment, they influence the perception of metal stockpiles in general.

Feb 5, 2013 - 11:20am

@crg . . . yeah, agreed . . .

"The FED and the PPT seem to be able to keep this ponzi shit market going alot longer than we think."


Agreed. We now have a command economy. Every algo is set to achieve the desired result. Capping gold and silver is part of the equation, as it must be if the Fed is the only buyer of government debt. Everything is run to maintain a status quo--not too hot, not too cool. Just enough to hold everything together. and, they have been masterful at it. It takes complete compliance of every major financial institution. That is why they had to take $17,000,000,000,000 from taxpayors and give it to the bankers--to buy their complicity, safety, and wealth preservation.

That is how it will remain. Silver and gold will remain capped/controlled until COMEX can no longer trade, due to silver drainage.

(response to post in previous thread)

Feb 5, 2013 - 11:21am

Holder givng the S&P ratings.. a tongue

lashing.. wow,, oooh stop that hurts so much,,ouch!

brig freaken deal... Arrest them and maybe they will spilll the beans on the rest of you crooks.

Feb 5, 2013 - 11:22am


yup FUBAR.

dont fight it but DOW and SnP, they let that go up.

The land of the free....provided you can pay for it,.

Feb 5, 2013 - 11:24am


F*cked Up Beyond All Recognition

ClinkinKY ballzdeepnsilver
Feb 5, 2013 - 11:25am

@ ballzdeepnsilver

Did I win anything?


The ASE is on it's way. Congrats

Stack'em High
Feb 5, 2013 - 11:26am



The only "bullion" I'm allowed to buy in February...

Keeping the wife happy while still adding to the stack...

Feb 5, 2013 - 11:26am
Road_Scholar Planters
Feb 5, 2013 - 11:27am

@ Planters

Great minds think alike

Feb 5, 2013 - 11:29am

now the piggy is starting to tank...

down in the muck where you belong.

see if the metals can get something going here.. I doubt it since the fearless leader for truth and justice will be speaking at 1:15... cant let the metals look too good. now can we.

Feb 5, 2013 - 11:30am

"Oh sure, tack on the silly

"Oh sure, tack on the silly "you'd better pass a budget or we'll hold back your pay" nonsense and The Sheep and MSM will just forget about the whole thing in a few days."

Hold back their pay? LMAO If you want to get these enemies of the state that we call our congress to pass a budget, we should abrogate their ability to engage in insider trading and buying stocks in companies that their vote is going to affect the share price of in their favor. Who cares about a couple hundred grand for salary when you can rake in millions for being an apostate?

Feb 5, 2013 - 11:34am

@Turd . . .

"Nearly every central bank in the fiat world is rushing to debase and devalue its currency in a vain attempt to monetize its debt and extend The Ponzi. This cash invariably sloshes around the planet and drives everything higher. Stocks, crude, food items. It doesn't matter, they're all going higher except...the metals, of course."


As you have said, you believe China will one day announce that it is backing its currency with gold. This will change the world.

China will no longer sell its goods for fiat. It will require gold, silver, or barter of other needed goods. When that happens, prices of Wal-Mart goods will look more like Saks' Fifth Avenue.

When oil is priced in Chinese yuan or gold, the true value of the U.S. dollar will be seen and felt. SNAP cards and welfare checks will likely buy 10% of their previous purchasing power.

That is what we need to prepare for. That is the primary reason the govy has been buying a billion bullets, armored cars for police across the country, etc. When the free shit army goes on a rampage, the govy will be a target--as will anyone else with something they want.

The Chinese have been telling their people to own gold and silver. The Indians already own it to the point the govy wants them to stop. The westerners will be way behind the curve, especially those on the welfare plans of western governments.

Feb 5, 2013 - 11:34am

This "story" is an absolute

This "story" is an absolute travesty and a joke. Fortunately, it gives you a clear insight into just how totally fucked up things really are.


Feb 5, 2013 - 11:36am


That's a big 10-4 ! Sheep shearing soon...... agreed. Ones ability to process will not keep up with the chaotic events about to unfold IMO.

Feb 5, 2013 - 11:39am

Holder playing the stage.. nothing will happen..


sorry Turd, you beat me to it.

They are looking for a scape goat to take away the sins of wall street and the government..

As if this will matter.. a sacrificial lamb.

Wake me up when they start arresting 100.s of people and closing down their mafia style businesses.

Feb 5, 2013 - 11:39am

Pig back to 6:00 am levels

Will the metals follow?

Dagney Taggart
Feb 5, 2013 - 11:40am

Is Everybody Ready?

Blastoff today.

And on another note in honor of Turd's mention of PARADIGM SHIFT, the war jokes and rhetoric here are truly pathetic and borderline sub-human - obviously by cowards who have never been near war. No offense to most of my American friends here, but do you know why your country has had its ass beat at war for the last 60 years to the point of complete physical and financial exhaustion? Because you don't think. You beat your chest, stop your feet, shake your fist, and grunt insults like a spoiled child instead of learning about and outthinking your enemies and fighting efficiently.

If I'm not mistaken, your country won it's freedom primarily because you didn't go toe-to-toe with the British. You ran around in small groups agitating and ultimately demoralizing them. Sound familiar to the MENA comedy show? Take a hint the next time your shallow egos need to repair themselves with childish insults about rice farmers, goat herders, towel heads, whatever. The bully always gets dealt with in the end.

And for the rest of you who don't run around like emotional little girls, aren't distracted for the war comedy aimed at the sheep, and have your eye on the prize: Congratulations. We are there! And we are ready! All the criminal bankers and politicians can do now is orchestrate the excuse that will light up this rocket.

That felt so good. Off to work. Have a good day all.

PS. Sorry baba. It wasn't directed at ALL Americans. They know who they are and let it be known that they bring the rest of you down. Dead weight. And yes, we have a handful of ret*rded little monkeys here too bouncing around Mali "defending freedom".

Feb 5, 2013 - 11:45am

No they wont

No they wont

Feb 5, 2013 - 11:45am

official policy of govt

turn the other way

if you do not, it will be a punishable crime.

Opinions of private companies, esp rating agencies are no longer needed, Just mail it in.

Actually, it may be best if opinions are not made and to clarify that this is definitely a restriction on freedom of speech.

Meredith Whitney next on tap.

Feb 5, 2013 - 11:45am

What amazes me is that with the internet now the

things that were always hidden from the eyes of the sheeple are now being brought out to the masses and yet nothing matters.

The blatant stealing thats been going on with all the fraud is no longer hidden, its now done with every one knowing about it.

This is the true definition of a Kleptocracy..

Here read this please..


Feb 5, 2013 - 11:48am

why the german gold is moving from the US

Very interesting read here:


the synopsis: "Germany will dutifully do the job of feeding the futures market with gold in an effort to fend off permanent backwardation. The repatriation of a part of the German gold reserve is a trial balloon. If markets get scared and panic selling occurs before the Bundesbank starts selling, so much the better. But if false-carding fails and the world-wide march of gold into private hoards continues unabated, then let the Bundesbank, not the Fed, bleed gold. America’s gold must be spared at all hazards. "

or, it concludes, if Germany defies the US and issues a gold backed currency, the world could be saved.

Feb 5, 2013 - 11:49am

only $17 more to go..

ONLY! then we will back where we were at 9.. Crooks.

Feb 5, 2013 - 11:54am

Notice how the Dow is having trouble passing 14000

and collecting $200?

Over bought junk market.. Who is making any real money and especially who can tell with their fantasy accounting that they allow????????


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