Digging The Ditch

330
Mon, Apr 8, 2013 - 12:12pm

Isn't it great? In the world of leverage, rehypothecation and malfeasance, it's like Friday never happened. That lousy BLSBS, the crappy participation rate, all of it...never happened. Our blissful, fiat utopia chugs forward. For a few more days, at least.

I don't even know where to start on this fine Monday. The Yen? North Korea? 6,000,000 ounces of "silver" withdrawn from the SLV? Heck, let's just dive right in.

Here's a logical starting point. Santa's old pal, Yra Harris, has his own site and has written this insightful piece about the Japanese mega-QE. (Suddenly, I have this image in my head of an old, Japanese Godzilla movie with an horrific English overdub where Godzilla is a big, gansta-looking T-Rex with a big golden QE chain around it's neck, stomping on a senior living center filled with octogenarian Japs. Maybe Pining can cook this up for us?) Anyway, back to Yra's article. Read this now: https://yragharris.com/2013/04/07/billyjoel/

So, if Yra's right and, frankly, why wouldn't he be...Global bond yields are about to plummet and other currencies, particularly the euro, are about to rally. Thus, here are two charts of the euro. Keep in mind that, in general, rising euro = falling dollar = happy metals.

And there sure is plenty of disinformation out there, attempting to get you to sell your metal. One of my favorites is the continued "interest rates are rising" theme. Really? And which rates are those?? Here's a chart of the U.S. Long (30-year) Bond. Uhhh...rates rising? Not so much.

Speaking of disinformation...What's with all of the recent preponderance of worry and articles over confiscation? Why now? The metals bull market is over, right? We're all supposed to be selling our hard assets and safely moving back into paper, right? So, why all of the talk about confiscation? To me, it's just more disinfo, aimed at getting you to sell. Anyone spouting confiscation fear at the present time should be put on your "Disinfo Agent/Paid Troll List" and watched very closely in the future.

One guy who I know IS NOT a disinfo agent is Alasdair Macleod at GoldMoney. Here's his latest. You should read it. https://www.goldmoney.com/gold-research/alasdair-macleod/gold-price-suppression-the-game-goes-on.html

And here's some more Jackass for you, from the Greg Hunter website. It's worth a listen but I've already informed Jim that there's no way I'm going to follow suit and begin referring to him as "Dr. Willie". Maybe "Dr. Jackass" but not "Dr Willie"...unless, of course, I turn this into the TF Urology Report.

Large Widespread Cutoff of Supply Chains Coming-Jim Willie

And I've got this stray crude chart laying around this morning. As you know, we've been following along as it rallied to $98, then fell to $89 and then rallied back to $97. Well, check this out. I've not seen this anywhere before. Maybe it's something we need to keep an eye on going forward.

Finally, you're probably wondering about the title of this thread. Does it have any deeper meaning? Why, yes it does as a matter of fact. I announced in the comments of the Saturday thread that I had a new theme song. It's off of the new CD from the great Bruno Mars. The title is "Natalie" but when I hear it, instead of the three syllables of Nat-a-lie, I think "Blythe Mas-ters". Now, of course I realize that our old nemesis, The Wicked Witch, has moved on to greener pastures within The Morgue. Regardless, she's the one who put her face on CNBS a year ago and proudly proclaimed that JPM is "simply helping their clients" and that their positions are "fully hedged". Oh, really? Hmmm. Well, as President O'Bottom likes to say, the project is "shovel-ready". I hope to break ground by late next week. 

Video unavailable

(And please, this is all metaphorical and figurative. I'm not threatening anyone with physical harm. Just like how Bruno isn't out there hunting down some ex-girlfriend named Natalie. It's just a song...and a darn good one, at that!)

OK, that's all for today. Remain calm and keep stacking.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  330 Comments


Apr 8, 2013 - 3:39pm

opticsguy wrote: Aerospace

opticsguy wrote:

Aerospace Engineering '83

Hey opticsguy, AeroE/ME here. wink

The Watchman
Apr 8, 2013 - 3:47pm

US Mint UPDATE-768,500 more ASE's Sold

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
7,498,000
February 3,368,500
3,368,500
March 3,356,500
3,356,500
April 1,645,000
1,645,000
Total 15,868,000
15,868,000
dgstage
Apr 8, 2013 - 4:03pm
SilverSurfers
Apr 8, 2013 - 4:04pm

IF

If the almighty is going to speak in tongues, we had better learn how to research, so we can then handle the serpents.

I like the plain language of the constitution, but that's me.

-----

One important contribution that he made to modern science and modern intellectual culture was efficient reasoning with the principle of parsimony in explanation and theory building that came to be known as Occam's Razor. This maxim, as interpreted by Bertrand Russell,[14] states that if one can explain a phenomenon without assuming this or that hypothetical entity, there is no ground for assuming it, i.e. that one should always opt for an explanation in terms of the fewest possible causes, factors, or variables. He turned this into a concern for ontological parsimony; the principle says that one should not multiply entities beyond necessity – Entia non sunt multiplicanda sine necessitate – although this well-known formulation of the principle is not to be found in any of Ockham's extant writings.[15] He formulates it as: "For nothing ought to be posited without a reason given, unless it is self-evident (literally, known through itself) or known by experience or proved by the authority of Sacred Scripture."

tldr: I got no clue, why SLV is adding with lower prices, but 10K tons seems adequate for now, and that the supply chains are sound, right, Dr willie?

urology!! on the freakin floor ....

F'D up is another indication of market instability. Hang Tuff.

dgstage
Apr 8, 2013 - 4:07pm

Oh my

You should send that to Trader Dan and see what he thinks...wink

silver66
Apr 8, 2013 - 4:09pm

80% chance

beat me to it, I was just about to post the link with a BIG SILVER BITCHZ!!

Silver66

dgstage
Apr 8, 2013 - 4:22pm

Oh My

I doubt he would agree. Are have some negative opposing view.

Ilya Repin TF
Apr 8, 2013 - 4:37pm

Theres something with Trader @TF

Theres something with Trader Dan, i cant quite figure out whats going on with him. I mean this..

"Any sort of sustained and strong rally in stocks might do it but I suspect it is going to take a series of economic reports showing solid growth in the US and global economies to get silver going to the upside along with copper. "

Sorry, What?

I couldn't believe it when i read it, this is as bad as being a manipulator. his "market view" grossly misleads his readers.. Good US data release = Silver up?? What? 

I think Dan just hates Silver as it blind sided him when he put out the KWN piece "something has fundamentally changed in the Silver Market" only for Silver to reverse and fall 3 or 4 dollars.

Either that or something worse

Today

  • Copper +0.88%
  • SPX + 0.85%
  • Gold - .022 %
  • Silver - 08%

Dan likely wont comment.

Bugzy
Apr 8, 2013 - 4:43pm

Dan

Just seems as if he believes that industrial demand has bigger influence on price than stackers have.

ancientmoney
Apr 8, 2013 - 4:54pm

Trader Dan . . .

I think he wants to believe that the markets are free and pure; that COMEX silver is unmanipulated, and simply reflects the realities of pure supply and demand.

Pure TA is all historical data, unencumbered by trying to apply fundamentals, which necessarily include COT data, and a pinch of unknown-but-expected possibilities, such as Specs getting mauled by the Commercials after they jack up their shorts too high.

AlexCojones
Apr 8, 2013 - 4:57pm

Silver Squeeze & Silver Shorts

In honor of all those silver shorts who are just begging to get squeezed,

In honor of all those traders who may or may not be committed,

In honor of silver itself, and how nicely it fits in the hand and pleases the eye-

One World Dream? C'mon; what are they trying to say?

Whatever it is, I can get behind it.....

https://imgs.inkfrog.com/pix/luojianjun/Silver_Bikini_2.jpg

Cry Me A River
Apr 8, 2013 - 4:59pm

APMEX SPECIFIC COIN SUPPLIES ARE ALMOST SOLD OUT

What's Left Is In The Respective Carts

$700 Face Roosevelt Dimes, $1000 Face Franklin Halves, $300 Face AU Franklin Halves, $300 Face Kennedy's, $200 Face BU Kennedy's= $2500 Face Total = 1787.5 oz.

In addition, (Not Shown In Images), They have $13700 Face In "Coins Of Our Choice" Bags, $1045 In Junk Silver "Coins Of Our Choice" Rolls =747.2 oz

TOTAL (of The Coins That Make Up The Bulk Of The Junk Silver Inventory) = 2534.7 oz. <---In My Opinion, They're Close To SOLD OUT.

GOLDMART : Totally Sold Out

TULVING: Not Only Sold Out, But Not Even Listing 90% Junk Silver

GOLDENEAGLE: Still Has Quite A Bit

AstroTurd SRSrocco
Apr 8, 2013 - 5:02pm

When built?

How long will it take to build and date of completion expected? How will this impact the estimated supply of silver versus demand in industry, etc., I wonder?

I suppose with world-wide QE and economic insanity, it ultimately won't have a short-term impact at least. It's going to take 10 years or more, starting FROM the meltdown / domino effect.

Cry Me A River
Apr 8, 2013 - 5:13pm

This Guy Says He Hates Junk Silver

But He Admits He Really Hates The High Premiums $4 Over Spot In His Area. He Goes On To Say He Cleans His Coins-ROFL!---Dealers Don't Like Cleaned Coins When You Sell Them Back!---NEVER CLEAN YOUR COINS---He Makes His Overly-Worn Coins Look Even Worse By Cleaning Them.

https://www.youtube.com/watch?v=11N6elHYpXQ

zman
Apr 8, 2013 - 5:13pm

Trader Dan,  I don't know

Trader Dan, I don't know what he is thinking, a booming global economy is the only thing that could get silver moving higher.

How about a global economy that tanks, and we see new levels of QE that has never been seen before, that is what will get silver going.

Investment demand can make-up for any loss in industrial demand very easily. The key is for investors to take physical silver off the market, not buying paper silver.

Real silver investors don't own silver for a booming economy, they own it for currency debasement.

Road_Scholar
Apr 8, 2013 - 5:19pm

60% of the time, it works every time!*

The 80% chance of silver going up 40%?! How about there is 100% chance that metals are manipulated so we have NO IDEA where they'll go in the short term because it's not a market. Not to be a Debbie Downer, but if we keep setting ourselves up for disappointment it makes the EE's job easier. When the system finally implodes, precious metals will go up BIG, until then keep stacking...

* for anyone who got the Anchorman reference in the title-

Sex Panther Cologne is the most awesome cologne ever made in the history of the entire world. Scientifically engineered from space age petroleum distillates and animal byproducts. 60% of the time, it works every time. Unleash your inner animal! Sex Panther cologne lures you in with clean and refreshing top notes of fresh air accord and juniper while the heart of the fragrance centers around lavender and sensual musks. As the fragrance evolves it turns warmer as it envelopes you with masculine notes of cedar and sandalwood.

tumblr_m9drrnxKZi1rued8do1_1280.jpg

The Watchman
Apr 8, 2013 - 5:26pm

Interesting

Silver's 200 WEEK MOVING AVERAGE is presently at 27.02. Today's low in Silver comes in at 27.05. Silver last tested and held it's 200 WEEK MOVING AVERAGE in July of 2009. This would appear to be a supreme buying opportunity for those wishing to obtain REAL physical Silver, or add to existing positions. 

Going4it TF Metals Admin
Apr 8, 2013 - 5:26pm

Hey opticsguy, AeroE/ME here

Funny, B.S A.E here as well. Not from any of the schools playing.

Bollocks
Apr 8, 2013 - 5:30pm

Well, this is FANTASTIC.

This chap really knows his stuff and is SO sharp.

He's recorded this conversation with one of the heads at the FSA (Financial Services Authority) - the regulator of the banking sector in the UK - who's job (amongst others) is to regulate the bank Santander.

He's serving notice on them for failing to take any action in regulating the bank, and in being complicit in the bank's mis-selling of mortgages and the selling of fraudulent loans.

Nearly 30 mins long, but well worth it - it's an absolute cracker. DO try and find the time to watch it if you don't have time now.

FSA Failure to Act - Court of Public Record - White Rabbit Trust
BourgeoisHuckster
Apr 8, 2013 - 5:33pm
Exbroker Mr. Fix
Apr 8, 2013 - 5:34pm
monkry
Apr 8, 2013 - 5:46pm

As an aside

I was cleaning out some my junk drawer over the weekend and found two buffalo nickels, on from 1925, and one from 1938.

At Xmas I gave one AG maple to each of my kids, they really get a kick out them. They're young kids, but I must teach them about money and wealth since their lousy school won't. But I will not burden them.

It's the simple things that make me smile.


Apr 8, 2013 - 5:49pm

Re: Australia Tax

This is an out and out, flagrant attack on the sovereignty of a nation. It is not just capital controls. Follow the flow chart. There is no subtlety at work. It is overt as can be, only the media tangles it all up to make it seem something other than it really is.

1. First an attack on the US Dollar

Austrailia cuts out the middle man, the US and the dollar, and starts to business directly with China. 

https://www.stuff.co.nz/business/world/8523388/Australia-China-move-to-d...

2. Obama announces that he will send 2500 troops to Australia to ensure US's economic power remains stable as a result of a growing China. The largest deployment to Australia since WW2. Let's be clear. This is about money. Not humanitarian aide in the region.

https://www.itnews.com.au/News/339017,deadline-slides-for-trans-pacific-...

"The United States hopes to militarily strengthen alliance relations with Japan in the north and with Australia in the south, with the clear intention of counter-balancing China," Su Hao, the director of the Asia-Pacific Researcher Center at the Foreign Affairs University in Beijing, told the Global Times, a popular Chinese newspaper

"The United States is also trying to get involved in a number of regional maritime disputes, some of which concern China's sovereignty and territorial integrity," a commentary from China's official Xinhua news agency said.

He stressed that it was not an attempt to isolate China which is concerned that Washington is trying to encircle it with bases in Japan and South Korea and now troops in Australia.

"The notion that we fear China is mistaken. The notion that we are looking to exclude China is mistaken," he said, adding China was not being excluded from the planned Transpacific Partnership (TTP) on trade.

So while Austrailia is negotiating economic trade with China, US sends troops AND the IMF puts out a report from Washington DC, that basically says your banking system is in trouble, you'd better take steps to ensure the stability of your banks.

3. The IMF issues a paper out of Washington DC, telling Australia to fix it's system. These papers go back to early 2012. Remember all countries are expected to take recommendations (orders) from the IMF. All you KIWI's go to your country page. Same shit coming to you.

Australia: Financial Safety Net and Crisis Management Framework—Technical Note

https://www.imf.org/external/pubs/cat/longres.aspx?sk=40112.0

Wait it gets better.

Obama is SECRETLY negotiating a trade pact called the Trans Pacific Partnership.

Never heard of it? Not even congress knows what is going on. It basically will give the United States power to tax BY FORECE all you folks in Austrailia and New Zealand for trying to assume sovereign control over your own affairs. Or, we'll send more troops to rule your Aussie and KIWI asses.

The deal would give multinational corporations unprecedented rights to demand taxpayer compensation for policies they think will undermine their expected future profits — straight from the treasuries of participating nations. It would push Big Pharma’s agenda in the developing world — longer monopoly controls on drugs, drastically limiting access to affordable generic meds that people need. The TPP would undermine food safety by limiting labeling and forcing countries like the US to import food that fails to meet its national safety standards, and ban Buy America or Buy Local preferences.

If you read further, it also says, we will shut off your internet if you violate our copyrights. That means download our movies without paying for them.

The “Trans-Pacific Partnership”: Obama’s Secret Trade Deal
https://www.imf.org/external/pubs/cat/longres.aspx?sk=40112.0

Everything that applies to you Aussies, also goes for you Kiwi's. Go read the IMF page on New Zealand. Remember, IMF=Washington.

This is an outright currency war with troops being used to protect our currency and to make sure that China doesn't come too close to our interests.

Essentially, those who might argue that capital controls can't happen here are witnessing OUR goverment exercise capital controls on foreign nations. Why the hell wouldn't they do it to you?


Apr 8, 2013 - 5:50pm

Excellent, GL

Thanks

jaw777
Apr 8, 2013 - 5:58pm

Sprott

Has anyone seen any news on why Sprott was selling so many shares? Someone posted it and I haven't seen a response. Seems odd he would sell that many shares and not provide some sort of explanation. I think he is a stand up guy and he believes silver is the investment of the decade.

Regarding Trader Dan. At this point he is still right. He has a different take and he believes there needs to be a fundamental shift in the silver market for things to change. I believe we will see the short squeeze, but something needs to set it off and I think that is what TD is looking for. Until then, the hedge funds etc. will continue to push it down. They have held the miners down far longer than most people could believe. Two years ago the miners were considered extremely suppressed and way undervalued. Today they are even lower. Manipulation knows no bounds so far.

Rui
Apr 8, 2013 - 6:00pm

1% rule might still be in the cards

Giving that gold rallied almost 2% on Friday, a reaction from EE is likely this week.

achmachat
Apr 8, 2013 - 6:05pm

zerohedge

did anybody catch what the latest article was that zerohedge posted?

might have been important enough for an attack.

the site is down.

(could it be the imminent silver rally?!!??)

meh.. and back up

ctob
Apr 8, 2013 - 6:06pm

Chew on this

It makes perfect sense; if I wanted to increase my inventory I'd lower prices ...

Nana
Apr 8, 2013 - 6:09pm

OOHH Boy....

https://presstv.com/detail/2013/04/08/297246/cyprus-officials-warn-of-im...

Cyprus officials warns of imminent default amid crisis

Zoltan
Apr 8, 2013 - 6:14pm

ND Silver Open

11.5K NDU's in first minute sucks up all the demand and prevents the price from rising. They have silver hammered to close to the low that has held in the 26's for the last two years. Probably one more hammering in the near future to test it again.

Good call Turd on the down day today. Can't have those pesky PM's up two days in a row you know.

Z

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