From Here, Where?

Sat, Apr 13, 2013 - 3:59pm

I've been thinking since yesterday about what I should write today. My first idea was to overwhelm you with information. Charts, data, links...the usual stuff, only more so. Then it dawned on me...that's probably not what you want to hear right now.

Besides there are all kinds of other websites out there where you can get that stuff. And today, I'm not too concerned about technicals. You see, my obligation is to you and to the other 28,939 unique IPs that hit this site yesterday. What do you need to hear? Or, put this way, if I was in your shoes, what would I want to hear from Turd this weekend?

Therefore I've decided, at least for today, to dispense with the charts and the links. I'm not going to mention the info that Andy shared on KWN or the fact that the GLD incredibly shed another 22.86 metric tonnes of "inventory" yesterday. (That's another 1,840 bars or 10 of my pallets, by the way.) Nope, none of that. If I were you, I'd want to be reassured that this wasn't all just a big crock of shit. All this gold stuff. All of the new reserve currency stuff. All of the Cartel manipulation stuff. All of it. I'd want to know that I hadn't been snookered and taken advantage of. I'd want to know that all of these "internet people" that I follow aren't simply making stuff up as they go along. And I'd want to know that they're sincere and that they're just as frustrated as I am.

So, I guess I'll start with myself. I think everyone knows this but I'll state it again: I'm just a nobody. I live in the American Midwest and my entire life has been spent doing pretty-much normal stuff. About five years ago, I quit the "corporate ladder" and pursued a path of independence. In 2009, I discovered ZeroHedge and the rest, as they say, is history. I now find myself in the middle of a global struggle against elements of the established central and bullion banking order. Suffice it to say: It's a surreal existence and not one that I could ever have envisioned. But I'm here now and waist-deep in the fight. Does this make me infallible or all-knowledgeable? Of course not. But I do my best to share with you, my dear reader, as much information and insight as I can.

The past eight months have been the most challenging. Not only have I lost all remaining faith in the idea that Americans live in a self-governing, representative republic, I've also been privileged(?) to witness first-hand some of the true depth of the corruption. Concurrently, I allowed myself to be totally caught off-guard by the ferocity of the attack on the precious metals after the announcement of QE∞. At this critical time, I should have anticipated that all necessary measures would be taken to discourage the ownership of any form of money other than fiat currency. In failing to recognize this contingency, I failed you, my dear reader. Though I am 100% confident in the accuracy of my predictions of "the end of the Great Keynesian Experiment", I failed to recognize that this current beatdown was both predictable and inevitable. I hope we've both learned something and that we both are able to keep from making the same mistake in the future.

But mistakes will still be made and the point of this post is to assure you that I am on your side and doing everything in my power to help you prepare for what is inevitably coming. I do so with all sincerity of purpose and the cloak of this responsibility wears heavily upon my soldiers every day. Just ask MrsF or the LTs. They'll tell you how they often catch me staring blankly off into the distance, seemingly detached from the moment. "What are you thinking about", they'll ask. "Oh, dear, where do I begin...". But that's OK; I'm not looking for sympathy. I just want you to know that I, and most everyone else I've had the privilege to meet within the metals "community", truly believe in the cause and we are doing our best to help as many as possible.

I've often said that the greatest thing about "being Turd" is the access this grants me and the friendships and contacts that I've been able to make, so, please indulge me this. As stated above, this post is not about me. It's about what I assume must be on your mind this weekend. Namely, is this real and are the people with these websites trustworthy? For what it's worth, here's some of what I know (with apologies to anyone I mistakenly leave out):

  • Jim Sinclair (Santa): JSMineset was the first metals website I ever visited. That I've actually gotten to know Jim a little bit is a great honor. I've known a couple of NYSE-listed CEOs is in my life and Jim is no different. He smart and wise. Measured in his words but with a vision. Under no circumstances does he need to publish JSM but he does. Why? Because he cares. Period. He firmly believes that he can clearly see what is coming and he's trying to use his platform to warn as many as possible. You can trust and believe in him because I do.
  • Andrew Maguire: Not sure where to start and I'll try to keep this brief. Andy is a true gentleman and staunch ally of all of us. Sort of like Jim Sinclair, he doesn't need any of this but he's sick of the injustice and the inequity created by the bullion banks...and he's fighting back. Even though we've never met, I've come to trust him implicitly.
  • Ned Naylor-Leyland: I don't think you could find a nicer guy on the face of the planet. Again, just like so many of us, Ned's sort of had this stuff thrust upon him. But he's an eloquent spokesman for our cause and I've come to value him as a friend.
  • Jim Willie: You may think that Jim has some crazy theories. I know I do. But please do not doubt his intellect, his intuition or his sincerity. The guy is a true visionary and I have no doubt that, one day soon, he will be vindicated and treated as such.
  • Bill Murphy and Chris Powell: The veteran soldiers of the movement. Though Bill might seem a bit of a loose cannon from time to time, he's a good man and tireless campaigner against The Cartels. Chris is a solid, upright and honest man whose commitment and integrity benefits all of us.
  • Ted Butler, Ranting Andy, Mike Krieger, Jim Quinn, Kerry Lutz, Dave Janda, David Morgan, Alasdair Macleod, Jeff Nielson, Detlev Schilchter, John Williams: All of these guys either write newsletters or offer paid subscription analysis and I have either met them in person or made their acquaintance via Skype. All of them provide a valuable resource and all of them are doing everything they can to help the cause. I feel I can personally vouch for them and I strongly recommend that you trust them, too.
  • There are many others but, for the sake of your time, I'll stop here.

I could go on but I don't want to turn this into some kind of LoveFest. The point of this is what I stated above. Though you should always question the things you read, do your own research and due diligence, I wanted to pass along what I know to reassure you about the gold community and those involved within it. I hope I've done just that.

Please utilize the rest of this weekend to get some much-needed rest and relaxation. To me, it's quite clear that we have entered the final chapter of bullion bank hegemony and the days ahead are only going to get more volatile. You're going to need information and wisdom to see your way through it so I hope that this post has been a valuable use of your time.

See you Monday.


About the Author

turd [at] tfmetalsreport [dot] com ()


Apr 14, 2013 - 8:07am

A friend mine just sent me this.. Larry Edleson

He subscribes to him but never does what he says. Give this a read and let me know what you think.. He has been saying the metals were going to drop 18 months ago Dear Member, Larry here with a quick but very important update on the precious metals market. As you may well know from my Real Wealth Report, I have been calling for a further decline in precious metals. Yesterday, gold added to its losses since its high in August 2011 … and fell to close below a very important sell signal I have at $1,582.80. Silver has also penetrated an important support area and a sell signal at $27.58. Bottom line: Both gold and silver should now head still lower. The next key support levels, which I expect will fully be tested in the coming weeks and months, are the $1,380 level in gold and $20.47 in silver. Why are the metals falling when there’s so much central bank money-printing going on and so many hot spots around the world? The euro crisis, Cyprus, Iran, North Korea, and more? The answer is simple and two-fold … First, as I informed you many times over the last 18 months, from a purely technical point of view, gold and silver need to temporarily pull back in order to “refresh” their long-term bull markets. They climbed almost non-stop for 11 years. And I have never seen a bull market climb for 11 straight years without taking at least a two-year breather before heading higher again. Second, the crises that I refer to above, the ones that are on everyone’s mind, are NOT bullish for the metals. In the short term, they are setting off a flight to cash. And a flight of capital to cash, by default, no matter where you are in the world, leads to a rally in the dollar, which is also putting downside pressure on the metals. Fortunately, if you’ve been following my forecasts, you’re OK. You’ve refrained from purchasing more precious metals, and you also side-stepped the pullback in mining shares, which has been staggering, with the average mining share losing more than 40% of its value since the highs were recorded in the sector in September 2011. What to do now? First, do not be surprised if you see a short-term bounce in the precious metals. They’ve been hit hard recently. Any bounce that might occur, however, should be weak and brief. Second, if you are not in gold and silver, or in mining shares, simply sit back and enjoy the further decline that will come. An incredible buying opportunity will arrive in the not-too-distant future ― one which will set you up for staggering profit opportunities when gold and silver do bottom. If you are loaded up with precious metals or mining shares, I would consider hedging. One good way to hedge the gold and silver you own, in physical form or via ETFs, is to purchase inverse ETFs. For silver, I like the ProShares UltraShort Silver ETF (ZSL). Real Wealth Report does not have any official holdings in silver. Only a speculative position in ZSL. If you own ZSL, hold. For gold, I like the ProShares UltraShort Gold ETF (GLL). Real Wealth Report does have a position in GLL. I now recommend adding to that gold hedge. Recommendation: Buy shares in ProShares UltraShort Gold ETF (GLL) at the market, using 5% of your funds allocated to the Basic Survival Strategies section. I will monitor the risk and a stop for you and apprise you when it’s time to exit. Best wishes, Larry

Apr 14, 2013 - 8:12am

All I Know

This game by the Fed and the banks and socialist, stasi like govts can go on for quite awhile. I go on APMEX, Prov Metals, etc and most of what i want is gone. Anyone i talk to isnt selling a fucking coin they own. Probably a small sample, but so what? Part time jobs, 97 month car loans, ObamaAlliBaba Health Care coming, massive military spending, only %60 of people eligible to work, do work. Part time jobs, or low paying full time jobs, student debt bomb slowing going off, etc. This doesnt end well, its just, when does it? Sinclair never should have said "you will never see $1600 again." I hope gold hits $1300 and silver $20. It will show desperation and i think capitulation on the JPM's of the world. Uncle Fester Ben cannot stop QE, no fucking way. These FED mouthpieces, CNBC and other MSM goons will get their stupid asses handed to them, ONE DAY. Like M Thatcher said, (maybe not exactly)"socialism is great until you run out of other peoples money." So a big middle finger FUCK YOU to all the nannycrat, socialist, morally superior Dems, Repubs, psychopathic freaks running the world. Your day is coming bitchez.

Apr 14, 2013 - 8:14am

Thanks for your honest words, Turd.

Yes, we all have underestimated the power of the cartel pushing down the metals. After releasing all these QEs it is counterintuitive that Gold/Silver is falling in price. It simply doesn't make sense at all. But watch out: They are not finished with us metal holders. Please, let's stop being naive.

Apr 14, 2013 - 8:20am

Why is it the FED allowed gold/silver to rise so much,

to begin with? Why the all out war on the metals the past two years since QE was announced?

I feel they have an EVIL plan and they are succeeding in destroying wealth for the 99%.

By smashing the metals lower what effect will this have on the physical markets? It has to deplete the supply of real money as they steal as much paper money they can by their nefarious machinations in the markets. The end game will be the destruction of paper money for sure and in the mean time they are giving away all the real money to the East..

It won't be long before the USD will be looked at with disdain as we see already China/Russia Iran are trading in Yuan, gold for oil etc and it wont be long before China has enough gold to back their currency with gold. So whatever these Evil scum bags are doing makes no sense since its he who has the gold wins the game..

Good read here:

Apr 14, 2013 - 8:23am

How spectacular!  We now have

How spectacular! We now have an empirical test set up which will show us what dominates the market, irrational paper manipulation, or physical demand and rational future demand. If the market is dominated by the former, I would expect the market to open strongly down this evening due to the margin calls over the weekend, then make a V bottom and rise sharply over the next month or so as the shorts have been caught wrongfooted by the Cartel. If it is the latter, I would expect it to open fairly strongly up, and then rise strongly over the next week. Either way, we should be happy by the end of the week.

Is there anyone who disagrees with this analysis? If so, please provide your own.

I would add that if the first scenario is the case, then we will likely see our long awaited default this year, assuming Rio Tinto can't get its mine running again quickly.

Apr 14, 2013 - 8:29am

Daveyboy: no-one ever made it

Daveyboy: no-one ever made it in the markets by buying high and selling low. Unless you have some indication that silver belongs in the dump, you should be buying, not selling. If you are so concerned with dollar bills, then hedge your position, but selling low is what normal people do. And normal people don't win in any market except perhaps bubble markets. And even then, their losses are just all the more spectacular.

Apr 14, 2013 - 8:34am

The Spirit Of '08

TF: I think it would be quite a good idea to start a thread on this topic for the benefit of us latecomers -- I only really started getting into the metals in late 2011. It would be interesting to see what anecdotes would be thrown up by accounts of that earlier downturn. Or maybe people would like to chip in with '08 comments on this thread.

Daveyboy: I don't think people should rebuke themselves too much for failing to buy at the very bottom of the market any more than for failing to sell at the very top. I think it's best to be broadly and fuzzily right. Don't know if your comments were aimed at TF, but rather than accuse him and others of egotism maybe it would be better for us all to be more sceptical of TA. It's the fact that there are so many believers in TA (rather than TF) that adds to the potential for manipulation.

Apr 14, 2013 - 8:40am

tmosley market momentum is

tmosley market momentum is what it's all about too, this market has been trending down and down, with a little gain, which it fails to hold onto and then down again. To reiterate I am not blaming anyone for being caught in the head lights but I would recommend that you or anyone else for that matter find confirmation of a bottom before buying any more. I personally think that we are going to lose at least another 20% in silver before a bottom is in, hope i am wrong.

Apr 14, 2013 - 8:57am
Apr 14, 2013 - 8:58am

I too am depressed. but why,

I too am depressed. but why? 'Cuz i haven't enough cash to take advantage of this dump. Thats right not depressed that it dumped; i have the grams of gold and silver, but because im already all in. When you stop counting its value in dollars and in what you ACTUALLY own. you will feel better.

If 20 years form now we are still running on paper fiat, and we still hold grams? so what we made a mistake trying to protect ourselves and family. Lots of people make mistakes, does that mean they should stop trying?

sure i would have liked to have sold 1900, and be sitting on cash now, but not for profit, for MORE grams. yes i m depressed i can't back up the truck.

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