Where's The Tylenol?

Sun, Apr 14, 2013 - 11:31pm

So I try to have a "normal" day. The kind I enjoyed pre-Turd. Took MrsF and LT#2 to an amusement park and had a few laughs. After dinner, I spent about 45 minutes talking to MamaFerg, getting caught up.

Then I think to myself..."Self, you should down to your office and get a few things in order before the morning". I open up the creaky, old MacBook and....

This is comical to the point of being absurd. That this has been allowed to happen is breathtaking in its audacity. One day soon I hope to see the bullion bankers and their CFTC accomplices held accountable for their actions. That may seem tonight like the quixotic fantasy of a hopeless dreamer. Perhaps it is. I don't know.

What I do know is this: Right now, right this very instant, bullion bank traders are gleefully lapping up the paper metal being created and sold by the greedy spec shorts and the pathetically-crushed spec longs. As I type, I have no doubt that by sometime later tonight or Monday, the commercial category in silver will move to net long, perhaps even substantially so. The Gold Cartel has likely seen it's net short position fall to the lowest ever recorded. Maybe even to 1.5:1 or further. And how many of you have consistently said: Boyohboy, if/when the time ever comes that The Silver Cartel is net long, THEN THAT'S THE TIME TO BUY!

Well, it's happening right here and right now, in real time. Look, I obviously don't want anyone out there trying to trade this nonsense. I've cautioned everyone against trading for what, 18 months now? How ever long it is back to the MFG collapse & theft. People have asked me why I'm so light-hearted about this. Mainly it's because I don't have any skin in the game. Well, I guess I do...I have 3 July silver calls that cost me a whopping $800 or so. Big whoop. My stack of metal looks just fine (through the underwater camera) and I plan to add to it again tomorrow...should I actually be able to lay my hands on some physical. None of this changes the long-term plan and role of precious metal in the future global currency regime. And none of this causes me to question the role that gold and silver are playing in protecting my personal financial well-being from the destructive powers of the central banks and the central planners.

Soon, this craziness will reverse in breathtaking fashion and price will rebound nearly as quickly as it has collapsed. Of that, I'm 100% certain. Shanghai and London are going to see record physical days on Monday and that real metal will shortly have affect a dramatic turnaround in price. In the meantime, try to keep your wits about you tonight and enjoy the fireworks. If you're not on margin, what's the big deal? Just kick back and enjoy the show.

Time for some sleep. See you Monday. Gee, I wonder what the price of gold and silver will be then???


About the Author

turd [at] tfmetalsreport [dot] com ()


Dyna mo hum
Apr 15, 2013 - 12:15am

Dammit boys what a night

I can't decide if I need to make a pot of coffee or mix myself a drink.

Apr 15, 2013 - 12:17am

Great Advice, Turd

This feels unlike the April smash, but there are two explanations for the price drops: (1) manipulation by the EE, etc., as they shear the specs and the EE transitions to long positions, or (2) disconnect and panic-driven volatility causing turmoil among the elite as the East drains precious metal from the West.

I do not believe this is simple price smashing for sake of fiat currency accumulation. No way. This is beyond a simple irritant requiring minimal attention. This is full-scale panic. At these prices, physical disappears from the West. It is a no-win scenario for the elite, unless they are down to their last move, MOPE, to keep people from withdrawing from fiat and realizing that the whole corrupt fractionalized banking derivative ponzi is a sham. We are there.

I fear the natural response by the elite is initiation of war and the reptilian response by the sheeple of banding together in tribal alliances.

God help us all.

John Galt
Apr 15, 2013 - 12:18am

@ Mr. Fix

I'm inclined to agree that in dollar terms the mission is not just to burn the PMs but to napalm them back to the stone ages.

Loud Noises
Apr 15, 2013 - 12:21am

Critical time

Reposting my thoughts from the previous thread, because TF touched on exactly this.

We are at a critical juncture here. I don't believe in "either/or" scenarios very often because they usually oversimplify and miss the mark. But I believe that we have arrived at the critical juncture where:

Either TF's and many others' call for a final washout, with ensuing short covering, net long flipping, physical overwhelming paper, etc is here and we work our way out of this hole very quickly in a different PM environment...

OR - We PM longs are going to be in the doghouse for a long, LONG time yet.

I must admit, I stacked at 26.90 last week. But now I am too nervous to pull the trigger. This is some scary shit. Even more so than May 2011. I put my money on the time tested support at 26 holding. It didn't, so this is either the final washout or a real bottom falling out. No dilly dallying between.

Mr. Fix
Apr 15, 2013 - 12:28am

John Galt:

Have I mentioned that your screen name is also my favorite fictional character?

Don't get me wrong, I love Hank and Dagny too.

Bongo Jim
Apr 15, 2013 - 12:31am

PMs are down

But you can buy Ann Barnhardts wooden spoon for 450 FRowNs.

ForWhomTheTollBuildsBongo Jim
Apr 15, 2013 - 12:34am

Why doesn't she need the

Why doesn't she need the spoon anymore? Did she die or something?

Apr 15, 2013 - 12:35am

Well tomorrow will be fun for another reason

I'm regarded as a complete nutter by the folks I work with, like many of you I assume.

They don't know any specifics, except for the fact that they specifically have no fucking clue what I'm talking about most days. And they're mostly PhD's/MBA's who were hired on the basis that they're "critical thinkers".

Well, tomorrow we're having a team-building day at an indoor paintball place.

This gonna be fun. In the entire group, there are three who know what an LGS is.

Apr 15, 2013 - 12:35am

Physical Metals

"I plan to add to it again tomorrow...should I actually be able to lay my hands on some physical."

Why did you say this Turd? Have you ever not been able to buy physical gold or silver?

John Galt
Apr 15, 2013 - 12:36am

@ Mr. Fix re: Screen name

It was a no brainier for me to chose this name, because I truly have 'gone Galt'.

Besides that, I'm not as cute as Dagny - so that was never an option.

Subscribe or login to read all comments.


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 10/14

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

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Forum Discussion

by AGXIIK, Oct 20, 2019 - 5:58pm
by SteveW, Oct 20, 2019 - 4:09pm
by Solsson, Oct 20, 2019 - 12:30pm
by sierra skier, Oct 20, 2019 - 11:30am
by Green Lantern, Oct 20, 2019 - 8:17am