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

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turd [at] tfmetalsreport [dot] com ()

  617 Comments

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ctob
Apr 14, 2013 - 11:32pm

Looks like brent crude is thing to watch

Its not low enough yet to call a deflationary I think. Gonna have to watch that and IOR over next week

StrongsidejediMickey
Apr 14, 2013 - 11:31pm

Stock markets moving down in Asia

I think those China GDP numbers have hit the stock markets hard.
The unwinding in PM's might be related to margin calls and need to raise cash.

Some major Chinese banks are off 1.5% today.

Mickey
Apr 14, 2013 - 11:31pm

losing control

This (the economic and financial issues) has been out of control for some time now. We are probably entering the break up zone.

I recall discussion either here or elsewhere with a scenario of a total econ crash where gold goes down but still ends up worth more comparatively speaking than anything else.

All I had in 2008 was the chat group at lemetropole. Can barely remember that-sometimes hours would pass without a post.

However, after gold touched 1020 in early 2008 and dropped to I think 680 by fall, we saw a 33% drop in a short time-aq few months

THAT folks was brutal.

Then we enjoyed the run from 680 to 1922. Now we see a decline from 1922 to 1421 (the low earlier tonight) , a 24% decline from the top.

Volatility in this is part of the game. Longs did not complain when Silver ran up big spring 2011.

In so far as the futures are concerned: sure we get naked selling. But how about the long side? How many buy futures with no desire to actually buy. (which is part of the problem too).

Thats why in this small market raising margins will in the end get rid of the small players and reduce volatility. Hard to see how say just a JPM is around playing with themselves. There wil be no futures market in PM, or for that matter any speculative commodity with far more contracts written than commodity to deliver.

Kcap
Apr 14, 2013 - 11:30pm

Next wave down coming...

Here she goes...

Kcap

philipat
Apr 14, 2013 - 11:30pm

SE

As you are such a visonary, would you mind telling us what comes next?

Kcap
Apr 14, 2013 - 11:30pm

@ctob

For your sake, make that "might" a definite "will" on the food storage.

Kcap

KingMidas
Apr 14, 2013 - 11:29pm

Time to Buy Hand over Fist

Silver mania. I just hope I can get some tomorrow. Physical ftw.

Texas Sandman
Apr 14, 2013 - 11:28pm

@ctob

My thinking precisely. I'm doing the same now (stocking food). And water. Lots & lots of distilled water.

In the back of my mind I had expected something like this, but this is happening long after I had expected.

A uniform collapse in commodities will be reflected in stocks before long. Margin calls in commodities will be fed by stock liquidation. Seen that movie before.

Then, I think you'll see the fed do something big. And I mean bigger than $85 billion/month.

Now, I guess the question is whether it will have any more effect. Maybe they're just pushing on a string, but don't know it yet.

StrongsidejediSE
Apr 14, 2013 - 11:28pm

@SE - congrats on the call

@SE - congrats on getting your resignation in and moving ahead with more freedom to do things for yourself.

I actually never believed we would see this opportunity again to buy more physical at these levels. You made a good call on the $23 dollar Ag level.

tyberious
Apr 14, 2013 - 11:27pm

JPY

UP! Y?

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by TexasTonto, 2 hours 18 min ago
by tork311, Jul 10, 2020 - 3:17pm
randomness