New Highs Today

Fri, Apr 5, 2013 - 10:36am

No, not in gold or silver, of course. Nope, today saw a new high in the LSHI!

Of course, longtime Turdites know what the LSHI is but, if you need a refresher, you can find the definition on the Turdisms page.

Oh boy that was fun. Joe Kernen throws it to "Hampton Pearson at the Labor Department" and ole Hampton proceeds to drop a bomb on the Fort Lee crowd that left them speechless. He might as well have blasted some 14-megaton flatulence the way the room went silent in shock! The Shill looked like a deer in the headlights. Austen Goonsby went into SPIN overdrive and, of course, LIESman began to sweat profusely.

What does it all mean? The U.S. economy sucks and it ain't getting any better. Period. End of story.

And please, please, please...DO NOT BUY THIS GARBAGE ABOUT QE∞ ENDING. It can't and it won't.

And recall....and I say this with 100% certainty because I heard it with my own two ears...The Bernank said that:

  1. He might look at "slowing the asset purchases" when unemployment falls to 6.5%.
  2. He doesn't expect 6.5% unemployment until mid-2015, at the earliest.

And, regardless, it doesn't matter. QE∞ isn't about growth or jobs or anything economic. It's about providing a constant bid in the bond market so that rates stay at 2% or lower. Again...Period. End of story.

I could go into the specifics of the lousy data but why? You've probably read about it elsewhere and if you haven't, I can just give you this link. It pretty much tells you all you need to know:

So let's turn the discussion back to gold and silver. That they haven't exploded higher today is due to several factors, one that I'll show you below. Primarily, though, sentiment is lousy and momentum is all to the short side. Therefore, it's very difficult to turn things around in one day. IT WILL TURN. AND SOON. But it's always going to be unlikely that such a major shift can occur in one day. So, we wait. And we continue to buy at these deeply-discounted prices. And we add to our stacks.

Now check this out. This is outrageous! When the headlines hit at 8:30 EDT, gold prices immediately jumped as new orders hit and a few buy-stops were triggered. Then, while we were still between 8:30 and 8:31, gold sharply reversed and fell back by $14! There is only one way for this to have happened so quickly: A huge sell order was placed above the market BEFORE the news with the intent of capping any surprise rally and blunting the momentum. If you ever wanted direct evidence that the metals are manipulated and managed, there you have it. And sadly, it worked. Halting the rally at 1575 emboldened the shorts to drive it back down and now, as I type, gold is still just $1565 and silver is up a measly 19¢ and barely over $27.

So, here we sit. The metals should be screaming higher but there not. So what else is new? They should have been screaming higher since October. And though we've bounced a bit today, we are clearly still not out of the woods for a drop below $1525 and $26. Today's action helps and I suppose that The Washout is slightly less likely today than it was yesterday. But we must remain guarded and on the lookout.

The first thing gold needs to do is to hold these gains and close today back above $1560. It then needs to stay above $1560 next week. Still, though, it would be foolish to "call a bottom" before gold gets back above $1625. Silver, too. As you can see on the chart below, every time this year it has had a chance to form a bottom, it has failed. Now our first target is $28. Don't even think about getting excited/optimistic until that level is regained and, frankly, don't get confident that a bottom is in until price is back above $29.40. That's a long way from $27.

Anyway, the moral of the story remains the same: Just stay patient and keep adding to your stack. You are on the right side of this. The end of the Great Keynesian Experiment continues to unfold right before our eyes. Do not lose courage or be swayed by the day-to-day machinations of the Cartel-controlled "markets". They don't matter. All that matters is that you continue to add to your financial protection by the accumulation of physical precious metal. One more time...Period. End of story.


About the Author

turd [at] tfmetalsreport [dot] com ()


Southern Cross
Apr 5, 2013 - 8:45pm

Food For A Crisis

Last week we traveled to the local LDS (Ladder Day Saints) Home Storage Center 4 times to pickup canning supplies and dehydrated food. Wheat, oats, carrots, rice, apples, milk, sugar, flour, pasta, potato, onions, and three types of beans. I am not a LDS. Non church members are welcome. To find one near you use the link below to scroll, point, and click. Canning is dry canning using #10 cans and lids sealed with a press loaned for free. Highly recommend to everyone doing this. Mylar pouches can also be used and the supplies is available through the same centers. The pouches keep the dehydrated food safe and fresh just as long. The only draw back to the pouch is if rodents eat through the pouch. We went with #10 cans. Cans cost about $1.00 for materials and pouches cost about .50 cents per pouch. The food is an additional cost depending on what you want. Pouches hold a quart of so more than a can. The apples and carrots are so delicious we ate them for a snack.

The food is highest quality and lowest price. The people are very helpful. I strongly disagree with LDS doctrine, but am thankful for all their help. Our Home Storage Center loans out the can sealers and mylar sealers for free. The shelf life of the food we bought is 30 years. I can't stress enough to everyone the importance of being ready with food. Gold and silver are wealth storage, but the body has to be fed. Does anyone want out of necessity to venture out to find food when events unfold?

To view the order forms including prices used by LDS Home Storage Centers use the link below and scoll to the bottom of page. Click the appropriate form version.

Most of you know how much better you feel about having stored wealth. Food storage brings the same feeling of secure independence.

As for costs. I checked sites. LDS Home Storage Center is lowest. Costco is second. LDS for 2 adults and 3 teens worked out to under $3000.00 for one year with generous portions. Costco came in at $5,000.00 with adequate portions. Other sites run as high as $25,000 for one year for my family. Much depends upon how prepared the food comes. We bought a hand grinding mill. The wheat can also be sprouted if needed to provide greens. The local Costco has honey on sale right now. We picked up 60 pounds for about $150.00 including tax. I wonder how much this food will cost 30 years from now? Should be a good investment as well as a safety net. Hope everyone considers this. My teens won't eat gold and silver.

Given North Korean propaganda, anyone know best place to buy biohazard suits, masks, and filters. I have never been afraid to die, but living maimed or having a family member maimed would be horrible when a mask or suit would have prevented the injury. Who says our own gov. does not gas us at some point to force us into the streets or off the streets and into FEMA camps. Be wise and prepare.

Have a great weekend everyone.

Southern Cross
Apr 5, 2013 - 8:48pm


Thanks. Your IQ must be off the charts. The comments are filled with deep incite. Have you considered being a moderator, having your own site, or being a paid contributor on a site. I think you easily could. I try to read all the comments you post. Thanks again.

Apr 5, 2013 - 8:59pm

Fatty Rolls ...

I have never heard the term and I've been watching the market since the late 90's. Watching has always left me wondering why different years of ASE's commanded different prices. I always just 'assumed' it was a function of how many were minted.

But check out the prices on APMEX for the 2005 boxes.

Thank you wouldyoubelive!




Apr 5, 2013 - 9:02pm

Ben Stein

Thought he was a annoying in the 80s, thought was as a prick in the 90s, thought he was dead in Ots, so now hes an annoying, walking dead, prick!

Apr 5, 2013 - 9:14pm


Without the "take down" earlier this week, Gold would have made an all time high in Yen today. Not bad for a tradition/barbaric relic.

I think re Korea, I have info overload with everything else and second guessing multiple other scenarios.

The Watchman
Apr 5, 2013 - 9:20pm

Apr 5, 2013 - 9:28pm

re all time high in Yen

the way of the future:

Close enough for horse shoes. I say the Euro goes before the USD, but those jaws will close. The takedown is over in Yen, sure looks like.

Dyna mo hum
Apr 5, 2013 - 9:30pm
Apr 5, 2013 - 9:31pm

Not an all time high in Yen

@ XTY,

there were nearly 300 yen to the dollar in 1980.

The All time high yen price was around 250,000 yen per ounce, in 1980.

Holders of Yen from that time saw astonishing appreciation in their currencies since then. For decades, it did what we hope gold will now do.

Apr 5, 2013 - 9:35pm


I see on TV ads for gold plated coins, but this concerns me.

Face and back images are oriented same (eagle and head up, authentic are opposite) and 2000 date slightly smaller in size than authentic ASE date. Fake coin is minimally thicker and minimally smaller in diameter. Non magnetic also.

In reading eagle and head up, i take it to mean eagle and liberty heads are both pointing up, which is obvious to spot (no pun) and goes to fraud on TV. plated coinage or even obvious fakes, should not even be allowed, as encouraging fraud. Oh I forgot, gov is more concerned about printing counterfeits than stopping commercial fraud of counterfeits. This is so so messed up. shows front and back with heads aligned.

not paying attention, but AGE silver has eagle and liberty heads up, so the average joe would have no clue?? messed up, I tell you

every silver coin is in a green box, sealed, probably safe, but ....

Apr 5, 2013 - 9:45pm

@Katie Rose - supplies


Under a currency collapse, I would expect that supplies would NOT be available for purchase with fiat paper currencies. However, for barter or trade, I believe that people will be willing to exchange some things for trade. For instance, if I needed to eat some cheese, you might be willing to exchange your cheese for something I have. But, since the currency is unstable, neither of us would be willing to exchange in USD's.

This is already happening in some areas of Asia where I am told that USD's are not has good as Yuan/Yen/Hong Kong Dollar. So, those people would be doing trade for those fiat currencies.

In a global collapse situation, some nations would start moving towards other commodities like gold. This was the primary focus of my posting on petro gold exchange in Asia. Jim Willie's interview with our host appears to have substantiated that analysis.

I know that you are a fellow believer and that OT/NT references may be of help in calming the fears of family members.

In our microeconomies, having gold and silver reserve would seem to be helpful. I do have some perspective for your family and the board. The battle between those who believe in Silver/Gold coinage and those who do not is as old as our faiths, if not older.

Previously, I had noted that the Sanhedrin appear to have known and understood the difference between Tyrian Tetradrachm and the Roman coinage. Roman Coinage was being debased (see the great history written on this by Martin Armstrong). The silver was being reduced and therefore Roman Coinage was not worth as much in Jerusalem to the Jewish priests. Tyrian tetradrachm coins were exclusively used to pay the temple tax in Jerusalem because the Tyrian mint used specific amounts of silver per coin.

Note that Jesus says to return to Caesar what is Caesar's. In modern biblical interpretation, this comment is said to see money as belonging to the government. I do not believe that this is the best interpretation of Jesus' admonishment. I believe that Jesus was also telling his disciples to understand the difference between debased coinage and that which is not.

I think Jesus knows the difference between real money and fiat/fake/lousy/bad money. That's why He tells us to render unto Caesar what is Caesar's. So, if a monetary authority wants me to pay in their preferred paper or digital currency, fine. I will do so.

He also says not to store up wealth in Earthly treasures. It is ultimately our faith that is the foundation of our well-being. I have noted that the prepping community often takes measures into their own hands. However, the prep community also shows a tendency to prep for their fears. This is not what the Lord has commanded us to do.

The Lord has told us to put Him first. Therefore, my preps are focused on spiritual well-being and health first. If you must side step some silver or gold purchases in order to maintain the spiritual well-being of your family, you have chosen wisely.

Jesus told Peter to look in the fish's mouth for the coin to be used to pay the temple tax. It is my guess that you and your family have a similar resource that can pay your spiritual temple tax as well. We all do.

That's why when Jesus went to the Temple Mount, he overturned the tables of the money changers. I think that act was the single most clear message to us. He does not want us using monetary exchange mechanisms to limit the believers from worship of Him first.

Therefore, you have chosen well by putting your family's request first. Now that you have those resources, perhaps you can convince them to help you set up the other Greenhouse and start planting. I believe that in about 90-120 days, they will have the Lord's harvest.

And, you will be thanking our Lord for reminding you to put Him before all others.
God bless!

Apr 5, 2013 - 9:47pm

Hat Tips

When I try to award one I get this message.

An error occurred at /vote/comment/182921/1/vote/hattip/a5fca7192543e6c5588fe93c2a5ddd95.

Error Description:

I was trying to Hat Tip The Watchman. And I have a question

Watchman, do you create what you post here? In my opinion you certainly strike at the heart of the matter.


The Watchman
Apr 5, 2013 - 9:50pm
Apr 5, 2013 - 9:53pm

SouthernCross.... my first TFMR post.

Thanks, very kind of you and very humbling.

I'm one of many, many, many (did I mention numerous?) folks on here with an outlook on life and a higher then average (dare I say?) awareness of the world around us like all of you on here.

In all honesty, the thought has crossed my mind at times to start a blog.

However, that's as far as it got, a fleeting thought.

A person has to know how their bread got buttered and by whom.

So in that respect, TF is the big butterball (lol!) and I'm not going anywhere to the chagrin of some maybe. Anything I do or say here is TF's, as he's giving me (and all of us) that soapbox to stand on (and a luxury model at that) that I or anyone else would never have had access to.

I started out publicly commenting with the man and I'll end up finishing my commentary (and tunes etc. ) with the guy.

I went back and looked at my first comment on this new site and it's ....

Congrats TF!

Submitted by DrkPurpleHaze on June 14, 2011 - 5:05pm.

This is going to turn out to be so much bigger then you ever anticipated in the beginning I think. Your take on the market is unique, accurate and above all, honest. You call it like you see it good or bad. The human element is always nice. Hope to be commenting on here along with all of you for the next 20-30+ years

Congrats and good karma towards you TF. Good luck!


I knew from the very beginning at The Library that what I saw and read from him at ZH (and that following him over here) would be essentially the same feeling I had back then at The Library.

But I really had no basis to think it at the time as TF had no real history to base it on before that infamous Library, just his ZH posts.

But I knew.

So...I'm sticking with my original gut feeling then and my first TFMR post above and with my earlier sentiments just now.

I see a bright future and bigger/bolder things around the corner and into the far future. Any help I can give is what will happen going forward as that's the way it should be imho.

Nothing has happened to change my mind and after all of this PM excitement/drama I'm sticking it out and I'm as resolute as I've ever been.

That's my story and I'm sticking to it.

billhilly Katie Rose
Apr 5, 2013 - 9:59pm

@ Katie Rose


Sounds like you have one wise family....lucky you.

There are a couple issues at play here...availability and price. Each of these deserves consideration when addressing how to proportion resources. Yes certainly availability is a concern as there MAY be shortages but many items will still be available, just at higher cost.

Price; you might think that Silver is a worthwhile investment, as it likely is, but your return on investment might be much higher/more profitable on other "essentials"....especially if there is a hyper-inflationary event.

Bottom line = Definitely have balance in your needed stores. The temptation to purchase what is conceived at present to be the better value may not work out depending on circumstances.

ps. I bet that this'll become a hot topic on the board over the weekend...thanks for the focus.

Apr 5, 2013 - 10:00pm

re all time high in Yen

okay, in the recent 13 year bull run. And it is the discrepancy in the trend that I was highlighting.

Apr 5, 2013 - 10:17pm

All time low

around 1910 a paper dollar was worth ....... 1 silver dollar .... so byz, what's the point?

what xty (and JRickards) points out, is that, in other currencies, gold is rising in the round-robin of currency debasement.

Interesting JGR see no flash point (as a good gov consultant would), and says in dollar terms, look for 2nd 1/2 of 2013 for the move, whereas Murphy says in April, and JWilliams says May. But smart money moves first. this could be it. Graph looks screwed up, though, no way we hit 1900 gold ??

TF graphs shows a spike to 1687, no way that graph scale is correct, it shows 1800+ spike, maybe I got it wrong. yes I do, its the time scale, sry.

what extacy's graph does not show is the exchange rate nomalization.

nonetheless, gold is breaking out in yen terms.

what is needed is a cartoon,

Ben Printing press jumping into higher gear to keep up.

Apr 5, 2013 - 10:25pm

Strange couple of days...

So I stopped by my local too big to fail bank 3 times over the past 3 days (different branches) to withdraw some cash to make a bullion purchase over the weekend. In every single case, the tellers seemed overly interested in asking questions like "So any big plans today [...for the money]?", "Are you satisfied with everything at the bank?", etc. Weird - I took out thousands of dollars, but c'mon, it's not like I was trying to withdraw tens or hundreds of thousands. And if I was, who cares? It's my money, and nobody else's business. It's starting to make me wonder if the front line tellers at the banks are being told to question any sizeable cash withdrawals.

Anyway, if that wasn't weird enough, I also stopped by (what used to be my) favorite LCS. I've always paid cash, and have gotten my bullion with no hassle. Today, after I paid for my purchase, they informed me that they needed my full name to put at the top of the receipt. Wtf? For a cash sale that was well under the $10,000 reporting requirement?

I said "No thanks, I'm not going to do that. Just give me my money back". It's the last time I'll buy from that LCS - it's too bad...they've been a great store to deal with until today. Luckily there's at least one other good LCS in my area, and frankly, I prefer to buy my gold there anyway. I guess I'll know in a few days if this was an isolated incident or if something has fundamentally changed with the bullion dealers.

Anyone experience similar weirdness over the past few days/weeks? Any new reporting requirements being imposed on bullion dealers that I'm not aware of? I'd be interested in trying to figure out if there's a broader clampdown developing here...cuz that would be a good indication that shit's about to get real.

And you know, just because they pissed me off with their nosiness, I've decided that from now on, I'm not going to let a large balance accumulate in my TBTF bank account. I'll withdraw ALL excess funds right away, and won't keep more than $2K to $3K in the account at any time - _uck them...and their little dog too. To be honest, it's better to do that anyway, given that what happened in Cyprus is going to eventually happen here too.

Apr 5, 2013 - 10:32pm

News from SBSS

Video unavailable

It was explained to me by people much my elder that the PM market was based on trust and reputation. Only deal with people that demonstrate that.

I haven't bought anything from SBSS but I think he is establishing trust, and his coins will continue to carry a premium, like the Ron Paul coins have.

The fact that he is only using his coins to promote the truth speaks volumns.

He also addresses Constitutional Silver.

Apr 5, 2013 - 10:37pm

Jake, Xty

It's not right talking about the rocky terrain, slimy shallow lakes, and bug infested swampland around Lake Huron and Manitoulin Island as places that inspire fond memories. Anyone who's been there knows the area is a terrible place to consider as a bug-out destination.

Bears. You didn't even talk about the bears. Not friendly at all.

And the beer. Well, it just sucks. The 3.2% stuff down south is much better for sure.

Going inland to places like Muskoka only leads to injuries when people think they can navigate this hell-hole.

Apr 5, 2013 - 10:39pm

excellent TA

did everyone over look the new high in the LSHI? that is what is giving the pm's a lift. Everywhere is a one-off exception for a bailout: banks, GM, greece ireland italy cyprus. forget the BS employment the phony accounting data of our $42 dollar gold balancing to the penny and ounce almost every time. file your taxes like that and i am sure the IRS may have a little to say about that when they call you in for an audit. steal over a billion in cash and bullion from segregated acounts and get outta jail free (ala corzine) but push around a couple of basketball players (rutgers) and the whole state wants a full scale investigation after firing the coach and athletic director. NEXT TIME IS GONNA BE DIFFERENT. gold to 1601 and silver 27.56 phew

stack stack stack

Sheetrocker Katie Rose
Apr 5, 2013 - 11:00pm

@ Katie Rose & Others RE: Survival

Katie, I think your sister is right. I think this is the best article I have ever read about what you need to survive in a total Mad Max scenario by one who has done it. I think I got this link here on TFMR in the last few days, but can't remember so I don't know who to credit.

Words from a Bosnian Survivalist.

Apr 5, 2013 - 11:01pm


It sure looks beautiful to me. Don't blame you pointing people in the opposite direction.

Apr 5, 2013 - 11:19pm

With USGovt debt fiasco still going on

I don't think EE can tolerate a decisive metal rally at this point. I remember the next round of debt ceiling face-off will be in May so I guess they'd like to keep the lid on in April. If my little SA (shenanigan analysis) is correct then we'd have a period of consolidation or accumulation in the next 2-4 weeks that resembles the period we had from May to July last year.

I wouldn't be surprised to see some attempt to crash it below 1500 in gold / 26 in silver but with COT shorts being this low (assuming the # is accurate) it'd be hard to pull off.

Apr 5, 2013 - 11:32pm

The COT tells us to buy. And

The COT tells us to buy. And it is still virtually the only trading indicator that matters, no matter what David Morgan says. COT at 19k net shorts, could go lower still though, we were at roughly 10k net shorts at the lows of last year.

Apr 5, 2013 - 11:37pm

Venezuela move seen as currency devaluation

AFP – Sun, Mar 31, 2013

A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days, analysts said.

Venezuela has had strict currency exchange controls since 2003 in an attempt to halt capital flight. Individuals and businesses could obtained limited amounts of foreign currency through the government at an official rate.

But the hunger for dollars and euros persisted, fueling a black market with a much higher exchange rate that by law cannot be published.

The government scrapped a program that exchanged currency at a rate of 5.3 bolivars per dollars because officials said it allowed for "speculation," and dollars wound up on the black market.

Instead, it launched a new plan known as SICAD through which it auctioned $200 million on Wednesday to a group of chosen companies. The government said that 383 companies participated, but did not name them.

Neither did they reveal the sale price of the dollar.

Critics say the auction was a veiled devaluation, and an attempt by the government of acting President Nicolas Maduro to ease a demand for basic goods -- everything from food to office and hospital supplies -- in this import-dependent country ahead of the April 14 presidential election.

"The government did not announce the results of the foreign currency auction because clearly we are facing a new currency devaluation," claimed economist Jose Guerra.

He estimated that the dollars went for around 12 bolivars per dollar, much higher than official rate of 6.3 bolivars per dollar.

"This is another devaluation," Caracas Chamber of Commerce chief Victor Maldonado told the privately-owned Globovision TV.

"This also will mean that the costs and prices of the companies will have to be adjusted."

That would lead to higher prices, fueling inflation.

Finance Minister Jorge Giordani promised to find a way for individuals to also obtain foreign currency through the SICAD program, which he said offers "transparency" in the exchange rate system.

In February, Venezuela devalued the Bolivar by 32 percent against the US dollar, its fifth currency devaluation in a decade.

Investment bank Barclays Capital said in a note that by not announcing the rate the dollars sold at auction, the government was "avoiding the political cost of the announcement of a second devaluation" in less than two months, and with a presidential election looming.

Econometrica head Angel Garcia Banchs said the SICAD program will be used "to carry out more devaluations throughout the course of the year," which will to finance government expenses and help with US dollar debts run up by the state-run oil giant Petroleos de Venezuela.

But Guerra, a former top official at the Central Bank, said SICAD will be insufficient to satisfy the demand of foreign currency in Venezuela.

One effect of a devaluation is to make a country's exports cheaper and thus more enticing to buyers, while another is to cut the deficit, which in Venezuela last year was estimated to be nearly 10 percent of GDP.

The economy grew 5.5 percent in 2012 and inflation was 20 percent, down seven points from 2011 but still the highest official inflation rate in Latin America.

Venezuela is South America's largest oil exporter and has the world's largest proven reserves. Its oil transactions are dollar-denominated, so with any formal or de facto devaluation the bolivar-value of those sales rise, boosting state revenues on paper.

The government says Venezuela produces three million barrels of oil per day, although OPEC says the figure is 2.3 million. Oil production accounts for 90 percent of the country's hard-currency revenue.


So the government in Venezuela is going to devalue its Bolivars more in the coming year to pay off US dollar debt faster?!!

Shame on those crooks, years ago I met a friend that came from Cuba to make Canada his home. His elder brother worked in Venezuela and boasted about making 3 times the wage of his brother in Cuba for the same type of work. The monthly income his brother was making 5 years ago amounted to $600 USD a month...and he was bragging!

With the currency devaluation that has occurred in the last 6 months is going to make my friend look like a millionaire in comparison. As above states that the currency was 4.8 Bolivars per US dollar to 12 Bolivars per USD, that's cutting the value to 1/3 rd in 6 months! Now his brother might as well be working in Cuba since his wages are going to be devalued from $200 USD a month to who knows what!

When Cuba starts looking good to get a job, you know all hell is here and not waiting in the wings.

silver66 SilverLeaf
Apr 5, 2013 - 11:44pm

Strange couple of Days

Have you ever thought of the alias Ben Dover


Apr 5, 2013 - 11:55pm

North Korean Weak Spot?

I saw this the other day and haven't seen it mentioned here...

Bombing North Korea's sacred statues would be gratifying but foolish

Posted By John Hudson Tuesday, March 26, 2013 - 2:45 PM

Today, North Korea scolded the South for its reported plan to destroy two giant bronze statues in Pyongyang if the North issues any further provocations. Experts on the conflict, speaking withForeign Policy today, tend to agree with the North: This would be a really bad idea.

The South Korean plan first surfaced yesterday in the Korean newspaper Chosun Ilbo, which cited government sources saying a surgical strike on statues of patriarchs Kim Jong il and Kim il Sung would convey an important message to the North Koreans:

Apr 6, 2013 - 12:01am

Fed and The EE

It is always worth taking note when a member of “The Establishment” provides insights into Gold manipulation, as did Paul Craig Roberts earlier this week:

In addition to Turd’s excellent analysis of the Friday manipulation at the open, in retrospect, I am of the opinion that the April 1st leak by The Fed was in fact initiated because The Fed knew in advance that the BLSBS number would be very bad. Better to have a spike up in Gold from 1550 than 1600. A spike from 1600 might have taken out some critical stops in the 1625-1640 range.

Apr 6, 2013 - 12:22am

@ silver66

I was thinking of using Paul Mafinga, but didn't think they'd fall for it. ; ) Really strange experience overall.

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TWELVE Goon speeches through the week
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5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

Key Economic Events Week of 4/29

4/29 8:30 ET Pers Inc, Cons Spend, Core Infl
4/30 8:30 ET Employment Costs
4/30 9:45 ET Chicago PMI
5/1 8:15 ET ADP jobs report
5/1 9:45 & 10:00 ET Markit and ISM Manu PMIs
5/1 10:00 ET Construction Spending
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET CGP presser
5/2 8:30 ET Productivity and Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 & 10:00 ET Markit and ISMServices PMIs

Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess