Cutting Vacation Short

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:

And here's someone who has noticed some of the same "anomolies" that I have:

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.


About the Author

turd [at] tfmetalsreport [dot] com ()


Feb 20, 2013 - 8:19pm

I am so hopeful...

for the $1,400s in gold and the low $20's in silver. By then it will have to be physical backed paper that I buy (e.g. PSLV, CEF) because the supply of physical coins will be gone or withdrawn by the coin dealers.

It is possible the Chinese are behind this smash because they need to buy tons and tons of gold. The downward trend is feeding on itself because of margin calls... that is how we get to the $1,400s. So glad I stopped listening to KW News back in 2011, otherwise I would have been suckered in at a much higher price.

Feb 20, 2013 - 8:18pm

Opinion Only ...

Gold bottoms at 1509 by Friday.

Feb 20, 2013 - 8:17pm

Bought More Maple Leafs

Just to feel better I bought a few rolls of Silver Maples Leafs, keep stacking!!

Feb 20, 2013 - 8:14pm



Most of the trolls live in our own mind. We allow them in and they stay there until we realise they're imposters. Their power comes from injecting doubt. It works for them because we haven't realised the difference between looking and thinking.

Thought is doubt. Looking, free of thought, without drawing a conclusion, is now. This moment, now. There's no space for any trolls to appear now, they all exist as thought - doubt, the past.

Feb 20, 2013 - 8:05pm


"it's more mentally healthy to abruptly end a conversation with someone obnoxious than to continue speaking with them"

Yes. Yes. Yes.

Ye gods, it took a study to find that out. God knows how long it took them and how much it cost.

Jeez, nobody has any self-knowledge do they? Nobody learns from their own experience nowadays. It's all "let's test what's in front of us" and draw a conclusion after exhaustive study, much of which will be bent according to some agenda.

Nobody is allowed to realise that they are the master of their own life. Drawing attention to that is strictly not allowed. So we all live in doubt and have to run exhaustive experiments on others to draw a conclusion - which has not one iota of self-knowledge, drawn from self-observation, in it.

No wonder everyone is so desperate.

Discovering who I really am is outlawed, removed from consciousness as quickly as possible after birth by the unconscious mind-control machine. Who I really am is replaced with a doubting self that can be controlled because of the fear that arises from that doubt.

Isn't that true?

Feb 20, 2013 - 8:05pm


Hence the ancient wisdom "Don't feed the Trolls"?

Feb 20, 2013 - 8:03pm

@DPH Sequestration

In response to the earlier discussion, depressingly, I think you will find that even sequestration is not an actual CUT, but simply a reduction in the rate of the (Out of control) increases already budgeted. The word "CUT" doesn't actually exist in the DC Dictionary.

I have never seen ANY Organisation, even in the Private Sector, where a 10% CUT in spending cannot be achieved with minimal pain (And another 10% with only moderate pain), just by eliminating waste. But this is Government.............................

Feb 20, 2013 - 7:57pm


monkeys take lunch...

Feb 20, 2013 - 7:55pm

Thanks PMBull

learn something new everyday........

Feb 20, 2013 - 7:50pm

@Kingboo - Globex is closed

@Kingboo - Globex is closed for that brief period each day. Kitco charts flatline there as well. Others gap during the period.

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