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

RaRaRasputin
Apr 13, 2013 - 6:03pm

Turd

Great post - as always :)

I became frustrated this time last week and have since channeled my energies into sorting through our possessions and trying to disconnect from all our chattels and to then sell/charity donate as much 'stuff' that is no longer necessary. Excess books, CD's, DVD's, clothes, games are all being turned into fiat to then be turned into PM's or given to those whose need might be greater than ours.

I thought I had done all the prep that was needed but you can always find a way to gift to others or free fiat from the system (while it still has some intrinsic value) and put it to good use ;) Plus it is a handy distraction to the continued tearing apart of the global financial system at it's seams and the gyrations that then exerts on the value of our insurance policy.

Stack what you need and dispose of what will be of no value when the Great Keynesian Experiment finally ends .....

Texas Sandman
Apr 13, 2013 - 6:15pm

Tulving

If this is more than momentary, I'll now accept there's a physical silver shortage.

Karankawa
Apr 13, 2013 - 6:16pm

YIPPEEEE!

Video unavailable

Seriously folks, I don't like this any more than anyone else, but when I get that 'puke' feeling it does help to put things into a longer term perspective.

For folks that have been in PM's for a while, this isn't new. And looking back this too will be viewed as healthy market action, dumping out the week hands, who will become needed buyers at higher prices.

Texas Sandman
Apr 13, 2013 - 6:18pm

The perfect revenge

Buy physical until nothing is left. Nothing for apple computer. Nothing to make missiles for the war on the korean peninsula. Nothing for cell phones or computers.

When the economy stops, perhaps the CFTC will finally find there's been manipulation.

A man can dream.

Levon
Apr 13, 2013 - 6:19pm

1350 now?

Dear CIGAs,

My very humble take is Jim is correct and insiders are engineering a normal 33-38% correction without realizing it.

The Chinese and other wise buyers will add aggressively at 1350-1370, which would be approximately one third correction from 2002 bottom to 1900 top.

Many central bankers in China etc will try to make insiders pay by getting rid of some dollars in exchange for gold. The Chinese bankers all went to top schools for PhDs then worked at JP Morgan or Goldman on the international trading desk before joining the People’s Bank. They know how rigging works and how to twist the rigging to their advantage .

Speculators seeing other profit areas are temporarily distracted from gold. I look for them to return to long side about 1350.

Humbly,
Monty Guild

GoldMania3000
Apr 13, 2013 - 6:19pm

Dear CIGAs, My very humble

Dear CIGAs,

My very humble take is Jim is correct and insiders are engineering a normal 33-38% correction without realizing it.

The Chinese and other wise buyers will add aggressively at 1350-1370, which would be approximately one third correction from 2002 bottom to 1900 top.

Many central bankers in China etc will try to make insiders pay by getting rid of some dollars in exchange for gold. The Chinese bankers all went to top schools for PhDs then worked at JP Morgan or Goldman on the international trading desk before joining the People’s Bank. They know how rigging works and how to twist the rigging to their advantage .

Speculators seeing other profit areas are temporarily distracted from gold. I look for them to return to long side about 1350.

Humbly,
Monty Guild

Jasper
Apr 13, 2013 - 6:22pm

Gold and Silver are not God

G&S are the achilles heel of a fiat money system.

The masses (including us) trade our lives for money with no intrinsic value. Fiat money is money because of "trust". Gold and Silver are popular with the members of this site because this trust has been violated.

The events of yesterday are all about hiding the extent to which world central banks have violated that trust. TPTB are sucking the life out of entire nations because they have duped us all into trusting their FIAT (decree); trading our lives for their FIAT trinkets.

The world system of trade is based on trust. Trust that people will deliver the value they said they would (represented by money) in exchange for goods and services. This trust is the fabric that holds societies together. As we attempt to peer behind the mask to ascertain how bad it really is, we are rebuffed. We are told you may not see. You may not know what the freely traded exchange rate of G&S to FIAT is. If you knew what the real exchange rate was, the gig would be over.

When freely traded, the exchange rate between FIAT, and Gold and Silver indicates the decree to which the currency has been debased, and how much our civil govs have violated our trust. Friday's action was all about Governments not letting people see how badly the trust has been violated. Its all about keeping the proverbial canary in the coal mine on life support a little longer so the charade can continue.

I'm thinking the wheels are about to fall of this trickster wagon.

Its time so join Dylan and say, "I ain't gona work on Maggi's farm no more!"

dgstage
Apr 13, 2013 - 6:28pm

Tulving is back Up

Not much inventory, a lot of Sold Out.

edit I just saw your post (so it goes) sorry

reefman
Apr 13, 2013 - 6:29pm

Jim Sinclair in Toronto (Friday)

Hello all,

I had a good time on Friday at the conference in Toronto with Jim Sinclair. There were about 350 people in attendance. The purpose of the event was to warn people (especially the elderly) that their pension plans are in danger of a Cyprus-style bail-in. He also explained why Lagarde and DieselBOOM were put in hot water after their botching of the Cyprus situation.

He then opened the floor to questions - this was the bulk of the meeting. There were many, many questions and he answered each one in great detail.

If any of you were there, I was the one who spoke about my parents in Cyprus and how I warned them to take their money out of the banks last summer and my father's leather company that he is starting. You may remember me - I was wearing a red sweater.

Overall it was a very good event and very informative.

-Reefman

Louis Cypher
Apr 13, 2013 - 6:29pm

Turd and pooplets, This is

Turd and pooplets,

This is something you guys should be aware of. Bill Downey is not a guy given to flights of fancy so when he published this (see link) I took notice. His source is a known quantity and someone he has talked with for years.

https://screwtapefiles.blogspot.com/2013/04/bill-downey-how-gold-market-...

In a nutshell on more than one occasion physical buyers have been locked out of the markets. Friday was one of them. Whether this was a "glitch" or not is the question but it did happen.

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 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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

Recent Comments

Forum Discussion

by Green Lantern, 4 hours 28 min ago
by Scarecrow, 5 hours 20 min ago
by Green Lantern, 6 hours 33 min ago
by Scarecrow, 6 hours 35 min ago
by Green Lantern, 6 hours 38 min ago