Cutting Vacation Short

548
Wed, Feb 20, 2013 - 10:04am

This is relentless and unforgiving...and I'm not talking about MrsF.

So bad that I'm cutting my mini-vacation short. I still don't have time for a full post so here are two items for you to read this morning.

ZH has been doing an excellent job chronicling the consistent, daily destruction. Here's the latest: https://www.zerohedge.com/news/2013-02-20/precious-metals-morning-slam-right-schedule

And here's someone who has noticed some of the same "anomolies" that I have: https://www.zerohedge.com/contributed/2013-02-20/curious-case-falling-gold-and-silver-prices

The charts, of course, look terrible. Having failed at hoped-for support, silver looks like $28 and gold, if $1580 fails, looks headed all the way back to the bottom of the 18-month range, near $1550.

This is all highly unusual and indicative of extreme manipulation and panic-level positioning. At the risk of sounding trite and reading like another KWN pumper, I must say it: THIS WILL PASS. THESE EXTREMES WILL BE RESOLVED SOON AND NEW UPLEGS WILL BEGIN. PLEASE BE PATIENT. THE FUNDAMENTALS ARE STRONGER THAN EVER AND PHYSICAL REALITIES WILL SOON REPLACE PAPER SHENANIGANS AS THE DRIVING FORCE BEHIND PRICE.

More later if possible.

TF

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  548 Comments

zman
Feb 20, 2013 - 12:56pm

DHP, I wouldn't mess with

DHP, I wouldn't mess with those calls options, the boys are not done with the "shares" by any means, they are not messing around, I would just sit tight.

Xeno
Feb 20, 2013 - 12:56pm

GGC

Good words in that Got Gold report posted a few pages back.

https://www.tfmetalsreport.com/comment/170195#comment-170195

Wonder if anyone actually read it yet.

ClinkinKY Basil
Feb 20, 2013 - 12:57pm

I don't care what Santa says, I don't care what TF says...

...I'm going with "my gut". Simple as that. Keep stackin', but leave room for "other eggs in your basket".

Not that difficult really.

ancientmoney ivars
Feb 20, 2013 - 12:57pm

@Ivars re: paper vs. physical price . . .

"As to paper price vs physical theory..that is another BS i do not like to be fed."

-------------------------------------------------------------------------------------

Is your theory, then, that physical and paper will continue to trade together for the foreseeable future? If you do, then you do not believe that gold will return as a monetary asset to officially back currencies.

Can you elaborate on your theory? I respect your opinion, and mine is that paper trading will be halted at/or around the same time as PMs come back as a monetary backing.

SRSrocco
Feb 20, 2013 - 12:58pm

IVARS... LET ME CLARIFY MY POSITION...

IVARS... I would imagine we are on the same page as it pertains to the ultimate value of gold and silver. However, I believe we differ on the details in between. I don't normally like to get into a TIT FOR TAT sort of debate... but sometimes its good so others can see the information and make up their own minds.

About "Feeding you Conspiracy or Manipulation", I don't believe I addressed that in my post directed towards you. But, now that you brought it up, a person would have to be BRAIN-DEAD not to realize that 'IF THEY COULD MANIPULATE THE LIBOR RATE"... well then anything is possible? Or maybe I am just FOS on that one.

Furthermore, I am not apart of the crowd that YELLS RAID every time there is a sell-off. To me, the manipulation is done by the use of massive DERIVATIVES, by Interest Rate Swaps and Credit Default. This is the real manipulation.

CONCERNING HOW THE MARKET VALUES STOCKS OR SECTORS

This is also complete BS. How well did investors get the market value of the TECH BUBBLE? Or how about the MORTGAGE BUBBLE? The reason why I say there will be an Energy Stock Implosion is due to the false valuations of RESERVES. Chevron in 2010 only added 1/4 quarter of the oil it produced that year.

Why on earth do you think the MAJOR OIL companies are BUYING BACK THEIR STOCK??? Why not find more oil instead...lol???

Anyhow, the idea that the MARKET CORRECTLY VALUES stocks and sectors in my book is complete BS and GARBAGE. Why? They have proven many times how wrong in the end they got it.

Now, if you are talking about superficial gains in trading trends based on BS, well then you may have something there.

Again, you and I are on the same page as it pertains to GOLD & SILVER. We just differ on the trading mentality of the NITWITS who think they know what the hell they are doing.

ag1969
Feb 20, 2013 - 12:58pm

Stock_Canines

Do you have anything in repertoire other than whining? You are so fucking annoying. Sell your gold and silver if you have any and go somewhere else. I think you confused PM's with P.M.S.

agrock
Feb 20, 2013 - 12:58pm

@ turd re: santa

he's dropped the before his birthday several times over the last few months.

What is shaking before 3/27 to get the AU bull on the loose?

Mickey
Feb 20, 2013 - 1:00pm

Reality

is we know these moves happen.

My most successful positons havebeen specialized reits and the piplelines-they have appreciated and pay a nice tax deferred distribution.

But I still have huge concerns of how this all plays out. We have just to damn much debt and muc of that is to the people-

So I am beginning to think the game will be true default-tell the public to go pound sand.

Of course it kills whats left of economy when people will not have money to spend and is the 18 of what Obama is pushing right now which is 180 from what he was saying leading up to the 2008 election--ie fiscal responsibility.

How things change when you are in office.

Gold and silver=physical form-is still comforting to have in that its real. The issue here is while metals are selloing the stock market is running up. With a crappy economy.

Wizard
Feb 20, 2013 - 1:04pm

I am A Troll Today

SELL, SELL, SELL, HURRY RUN OUT AND SELL ALL YOU HAVE!!!!!!!!!

SELL ALL OF YOUR FIAT FOR REAL MONEY, SILVER AND GOLD!!!!

Oops, I didn't do that right did I?

Sorry I didn't say I was a good at being a troll..........

W

Basil ClinkinKY
Feb 20, 2013 - 1:04pm

@Clink

Probably just as well to trust your own instincts as much as anything you read, or anyone else's opinion.

Is you gut telling you anything about the Fed minutes at 2pm ? It's often an excuse to beat down the metals, but maybe this time it will be different. My own instincts are telling me absolutely nothing about this. That may sound like a cop-out, but in reality it's just a simple statement of fact.

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