From Here, Where?

617
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.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  617 Comments

Basil57Goldtop
Apr 13, 2013 - 5:43pm

57GoldTop

You said ....

".... See, we like PMs, and we buy PMs with fiat, and with lower prices we can get more ....."

You are so right. With lower prices , you can indeed get more PMs for your fiat, and that is why price DOES matter.

Thankyou for making my point so clearly !! Now do you understand ?

SEBoswell
Apr 13, 2013 - 5:45pm

Comments...

@ Boswel:

For me, every time I pan a stream it's, it's the not knowin', whether I'm gonna come up with just plain mud or some of that yellow stuff.

That's livin'."

---------------------

Damn straight, Boswell! On Monday, I resigned from my job after all the changes that have been going on, especially after I saw my hours for next week cut. Basically coming up with mud, and shit was starting to get mixed up in it. Now, I go into the Renaissance faire circuit as a tradesperson.

@ Lamenting:

Jim Sinclair has been making a few mistakes about when... So far, I'm still correct. We are a little over a half-month from May, and silver is STILL nowhere near $30, never mind $40. Read my post in the Silver section of the forum, the one that says "$30-50 range" or something like that. Remember that every retracement from peak to peak has been about 50%. We still haven't hit that, but we are close now. I fully expected this takedown. You have to remember, we're about to go into summer, which is typically a weak time for gold on average. I really do not expect silver to start going up a lot until the FALL... And it may hit $50 by May 2014, and it's possible that we might not get there for another six months to a year after next May. You need to look at a 10-year chart of silver to get an idea of the expansion of the price increase, volatility, and the length of time in between peaks.

@Dryocopus

No... You don't realize that Bart is only one of FIVE commissioners (or I think four now, if I recall someone resigned). He can be our biggest ally on the face of the earth, and yet nothing gets done because he's always overruled by the others. What do you suggest in going after the others? I have emailed them, saying that if they do not do their jobs, post-America, we will come after them and arrest them. Guess what? That was some time ago, and nobody has shown up to take me in for questioning, so, they're not reading emails. You need to go up to the office and do what is necessary. How about assembling men to go after the companies ahd shut them down by force and dismantling the parts of the financial sector involved in this?

And Turd...

I see that you admitted that you got into this four or five years ago. I got into this almost eight and a half years ago. Back then, up to two years ago, I was doing this research 40-50 hours per week in addition to my part-time job, really learning about how the world REALLY works. I learned from most of the people you named from that time on. I already had most of my silver by the time you started. You have to realize that sometimes, you think like a trader. I always stand back in the shadows and wait to strike when it's like this, and I stop buying as soon as it starts galloping off. I hope that you will start paying attention to what I have to say from this time forward regarding silver. I'll say it again. I didn't think that silver would make a strong move towards $40 by May this year, and I still don't feel like it will. And I'll say it again; I believe that silver will hit $50 NO EARLIER than May 2014, and now, I believe that it won't reach its next peak until 2015 at least before it goes through this again for another 50% retracement. Print this out and see if I'm right by 2019.

I've got a feel for this because I understand human nature too well... I expect any and everything to happen to the government's advantage; after all, this is the struggle between the banking class and the people who are under its thumb. Rules are written to be broken, and you know who gets to break them. You know there's only one way to end this. Just don't let it be the Indian and Chinese military, or the Russians, who steps in to stop it, just like the Allied forces had to step in to stop it because the German people themselves couldn't stop the Nazi regime.

After all, I had the information I needed prior to the crash in May 2011 to look for a massive drop down. I knew about 3 weeks beforehand because I had ample warning that something was coming over the weekend via margin calls. It was a matter of which weekend it was going to be.

May 2014. Go outside. Quite the damn big-box retail jobs and go into the renaissance faire circuit or bug out. Move to another city and join that rock band. Do something to change things up. I am fully prepared to go homeless once my lease expires by putting my things in storage and living out of my Jeep while working as an apprentice and maybe writing a blog.

57Goldtop
Apr 13, 2013 - 5:48pm

Ah, Chev?

Price does matter.

Back soon. I'm at the Liquor Store and the Revelstoke Spiced Whiskey is on SALE!

ON SALE.

Think I'll git two!

The Watchman
Apr 13, 2013 - 5:49pm
ctob
Apr 13, 2013 - 5:51pm

Seems like a bit of a strawman, Chevy

Saying Turd recomends buying at any price at any time is a straw man, he implicitly says different. Is he biased towards believing gold will attain a value that is considerably higher? Yes. Is he biased towards a view that the various forces aligned against the fundamentals can't hold? Yes I personally think he underestimates the effects of the sovreigns in the second one and given the history of gold I think this is a mistake that should not be made. But your statements are a strawman designed to make a fake argument you can always win.

hammerman
Apr 13, 2013 - 5:51pm

i can settle the 1st..2nd...3rd... post thing

first gets a 1 oz gold coin.... 2nd gets 1oz silver.... 3rd gets nothing.... now some of you high net worth guys need tofigure out where the daily prizes come from...i did done my part....

El Gordo
Apr 13, 2013 - 5:55pm

Just because something is unsustainable

does that mean it can still go on forever. I still don't think so.

BobbejaanGreen Lantern
Apr 13, 2013 - 5:56pm

Seconded !

Quote:
Green Lantern said :-

That is a most EXCELLENT, lucid, professional, humble, believable commentary! That post deserves to be pinned up someplace accesible for people to read in the future as an extended mission statement It nicely summarizes what you and Turdville are about.

Or even Turded !

Karankawa
Apr 13, 2013 - 5:58pm
So It Goes
Apr 13, 2013 - 6:03pm

Cyprus gold

The part I have not seen addressed is the shortfall that Cyprus has to come up with.

Let's say that the European masters are asking Cyprus to come up with 8 Billion Euros.

The "excess gold" that Cyprus has is currently valued at only 500 Million Euros.

The gold is valued at only 6.25% of the total debt - so how does giving up its gold reserves help out Cyprus?

If this gold could back the entire debt - gold would have to be valued at $23,648/oz

All this tells me is that gold is indeed a store of value - and that value has yet to be determined in terms of fiat.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Forum Discussion

by Trail Trekker, 31 min 16 sec ago
by admin, 2 hours 31 min ago
by NW VIEW, 3 hours 27 min ago