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 - 1:35pm


It all boils down to the old adage, "actions speak louder than words."

Don't do what the bankers say, do what the bankers do. They are the world's wealthiest liars.

Feb 20, 2013 - 1:37pm
Feb 20, 2013 - 1:37pm

Fed Minutes due out in < 30 min

tic tac tic tac

Correction: The Fed minutes will be released at 2:00pm ET.

Feb 20, 2013 - 1:38pm


Not sure it will play out this way (how things have been going)

But alittle monthly chart for you may help your process...

Feb 20, 2013 - 1:39pm

Your only purpose here is to

Your only purpose here is to cast doubt on people here and the site's owner.

OK - to avoid further argument I will admit that this much is true. I phrased it as 'being a voice of moderation', but I suppose your phrasing is fair as well. If that makes me a troll, so be it.

I'll stick around for this thread, but I don't think I'll be troubling you all further.

Feb 20, 2013 - 1:40pm

I know Keg

For that I will apologize, nothing else.

Feb 20, 2013 - 1:40pm


Sort of new here, and I don't do a lot of deep thinking so I don't have too much to offer.

So glad to have this site, which is for the most part, devoid of the deep and corrosive snark that has overtaken ZH site.

But, ZH is where I found this place, so Universe balances all.

Anyhow, from my remote viewpoint, for every day we are dealing with down drafts, beatdowns, and general Gold and Silver malaise, we have another day to go about living as best we can. Sure there are many problems, but the minute the AU/AG go ballistic, the whole fabric of life will be torn as completely as that neighborhood on Staten Island was by hurricane Sandy.

I'm grateful for my coffee, my computer, my garden, my friends and family - who for the most part are totally unaware of the dangerous churning river we are crossing on the seemingly solid bridge we call daily life.

Every day the markets are in 'controlled' status is another day for me to enjoy.

I've been lugging Franklin Halves around since they were being pulled out of circulation by Gresham's Law in the '60's.

So, since then, I've been waiting for the inevitable.

Long wait - long life full of surprise and joy.

I guess I just wanted to say to those too wrapped in the moment, take a deep breath and make your moment longer.

Feb 20, 2013 - 1:43pm
Feb 20, 2013 - 1:44pm





comments known to be Bullish index

Very Bullish!

Feb 20, 2013 - 1:45pm

@ Basil

Yes, my gut tells me to expect lies, obfuscation and more lies.

Can you tell I've lost all confidence in our government?


Our President is warning about "doomsday" if $85 Billion (his idea btw:) is cut from a $16 Trillion debt.

In the grand scheme of things this represents a .005% reduction:

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