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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turd [at] tfmetalsreport [dot] com ()

  548 Comments

SilverDog TF
Feb 20, 2013 - 11:20am

TTM Podcasts?

Turd's latest TTM Podcast. How to find it.

A Link where to subscribe appreciated...

Strongsidejedi redrover1
Feb 20, 2013 - 11:21am

@redrover1 - Jim Puplava - Financial Sense

Good stuff on this guy's blog

https://www.financialsense.com/?q=financial-sense-newshour

Interview of the guest expert - Daniel Amerman CFA is interesting. The interview talks to the issue of the dichotomy between collapse mentality and the restructuring of the economy.

Don't blow your "dry powder" unless you know for certain that you NEED to.

Iceberg Slim
Feb 20, 2013 - 11:23am

Today is a gift, treat it as such.

let them play paper games. this is a great opportunity to add to your stack.

Nigel Black
Feb 20, 2013 - 11:23am

At what time are the Fed

At what time are the Fed Minutes being released?

erewenguy
Feb 20, 2013 - 11:24am

Don't bounce back too fast silver

Don't bounce back too fast silver. Wait a few more hours. I have a bid I want filled.

ag1969
Feb 20, 2013 - 11:24am

Nonoverlapping

Please elaborate on exactly what the end game looks like if our theories are wrong. Thank you.

psi
Feb 20, 2013 - 11:25am

first time poster

Saddam Hussein want to trade oil in gold. He is dead.

Gaddafi want to trade oil in gold. He is dead.

For years, the official line of China is that gold is not a good investment vehicle, the US dollar is.

Just play dead and you will be fine.

I got to go. Rush over to my local coin shop and get rid of my coins.

opticsguy
Feb 20, 2013 - 11:25am

Overlapping

How's the weather in Quantico, today?

Nice stop hunt down at 1980 for gold.

treefrog
Feb 20, 2013 - 11:25am

bounce time?

getting a nice little bounce here. little, it's early yet. will it have legs?

SRSrocco
Feb 20, 2013 - 11:25am

TO THE GOLD & SILVER VIRGINS...

TO THE GOLD & SILVER VIRGINS... I see we have some comments from NEWBIE's to Turd's site as well as to gold and silver. Calling short term moves in this totally manipulated market is quite difficult.

Watching those two videos with David Tice who tried to sell a 1 oz Canadian Gold Maple on some Pier (I believe CA) and then a Silver Eagle at some small strip mall in front of a coin store.. makes you realize how the MONEY CHANGERS have won the battle of NEUTERING the public from the head down as it pertains to real money.

No one could guess the price of gold within 50%, and no one would buy the gold coin for $25. The same was true for the Silver Eagle.

So, you GOLD & SILVER VIRGINS who come in here now and believe that this site is a 100% WRONG, need to go outside and try and sell a Gold Eagle to the public. This is the war we are up against.

The markets are totally MANIPULATED, so if you want to go by the PAPER PRICE.. then you might as well join the 95% plus of the public who has lost the ability to know what MONEY REALLY IS.

GOD HATH A SENSE OF HUMOR....

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