Where's The Tylenol?

438
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???

TF

About the Author

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

  438 Comments

Karankawa
Apr 15, 2013 - 2:18am

department of truth

I just noticed that Greg Hunter has a new video up with Rick Rule. https://www.youtube.com/watch?v=SuwWWQwGWNY I think he nails it. I've always said it is more about US than THEM. Karankawa

Chevy Thunder
Apr 15, 2013 - 2:24am

Silver blogosphere BULLSHIT

So, in one of the posts above, TMosley is hoping that this fall in silver/gold "paper" prices is one step closer to the collapse which makes him America's newest oligarch.

Because he's chicken shit and won't respond to my questions, can someone else who believes this garbage explain to me why anyone would buy silver coins "with every paycheck" for the past two years since silver was near $50, if you could have bought twice as much today at $25? I mean, if you think the price is going to ZERO, why not wait until it's at $10 or $5 or $1 or .25 cents instead of paying these enormously expensive prices?

Here's the real answer: when silver got near $50, TMosley thought silver was going to parity with gold. Of course, over the past two years, it's now worth 50% of what it was then when he was telling everyone to "buy with both hands". So, in an effort to save his face, TMosley came up with some bizarre thesis to account for the decline. But if you think about it for even a second, it makes no sense.... Why pay double the price for something when you supposedly know that you could have bought twice as much of it today?

Now, why am I picking on TMosley? Because it's garbage like this that has led people to make decisions that have cost them a substantial amount of wealth. TMosley is one of the biggest carnival barkers out there - and it's pure BULLSHIT! All the BULLSHIT in the precious metals community needs to be filtered out and EXPOSED. With silver at 50% of the price it was 2 years ago, don't you guys want TRUTH, by now? Aren't you guys ready to face reality? Or is silver/gold a religion for you where FACTS, REAL CHARTS and REAL EMPIRICAL EVIDENCE mean nothing to you? The sad truth is that many of you will still be clinging to the fairy tales when silver is under $20 and most of your wealth is gone. Oh, but you still have the same number of ounces so I guess it won't matter. Or will it?

criscrossing
Apr 15, 2013 - 2:27am

@alieneyes

Tooooo funny!

Strongsidejedi Chevy Thunder
Apr 15, 2013 - 2:32am

@chevythunder

@chevythunder - I asked this question in a separate thread and you chose not to respond.

____________________________________________________

can you address the silver supply issue that we raised over this past weekend.

2011 and 2012 US mint silver sales were around 950 metric tons of silver.

Mining supply in the US was 1050 mt.

RioTinto's Kennecott mine was 100 mt of the production.

In your opinion is silver a monetary metal or industrial?

Be Prepared
Apr 15, 2013 - 2:33am

The Downs are more painful....

Let the beatings continue until..... well, until they have it exactly where they think they want it. Could this market go down further? Sure, because it seems we are in a deflationary move that has taken hold.... this won't run forever because the printing will have its day as well. I certainly don't want to see it break the $20 level, but they love to run it down when the momentum is moving that direction. Monday morning will bring a lot of margin calls and the price action has blown through quite a few stops. Where the price finds support now is anybody's guess.... Despite all of this, I did nibble a little more physical into the inventory this evening. Be well, my fellow turdites!

Katie Rose
Apr 15, 2013 - 2:36am

This is wonderful!

I rarely watch videos that are posted here. I usually don't have the time.

My sister insisted I watch this one.

I don't know how they did it.

It is just two minutes of jaw dropping pleasure.

https://www.youtube.com/watch_popup?feature=player_embedded&v=341rybZ42vA

It is good. It will make you

Karankawa
Apr 15, 2013 - 2:40am

I have to smile ...

I know this guy and a couple of years ago he was a Neocon wanting to kill the ragheads, forever. Thought they were what was killing America. He posted this today. https://www.meetup.com/South-Texans-for-Liberty/messages/51577452/

Chevy Thunder
Apr 15, 2013 - 3:13am

Your questions

I'm not familiar with any recent discussions involving shortages in the silver market. I'm not a regular reader, here.

I can say, though, that there have been numerous instances in the past two years where various blogger clowns have tried to drum-up a bunch of conspiracy bullshit, and every time it has proven to be...... bullshit. I'm not aware of any large buyers of silver who have not been able to take delivery. In fact, looking at the price of silver over the past two years, there seems to be far more supply than demand. If some individual retail buyer in the backwaters of America can't find certain silver coins at their local silver shop, it means absolutely nothing.

The most popular instance of silver shortage carnival barking came from Sprott in 2011 when he was trying to pump his PSLV offering. Kid Dynamite did a fantastic bit of forensics on Sprott's lies. You should check out his blog.

To your last question, Silver is NOT a monetary instrument. It is a commodity, no different from corn. Actually there is a difference... corn buyers are not as gullible and susceptible to carnival barkers as silver buyers are.

binzer
Apr 15, 2013 - 3:18am

@ chevy

A brilliant post.

It amazes me the stench of BS that the perma-bull world is full of.

A supposed group of sharp minds that question those in power and but seem unwilling to question those that have been pushing the metals story.

I would imagine that the likes of Turk, Maloney, Morgan and the other 'dream sellers' have been doing just fine throughout the painful last couple of years, sure their personal wealth has grown in that period....just need to sucker in a few more of the gullible.

I do notice a little less bravado now amongst some, unbelievably there were a few who despite getting their asses handed to them day after day...were convinced they were still winning :)....delusion that is almost certifiable.

sixdollarsilver
Apr 15, 2013 - 3:38am

binzer bro

Man, your tone is all over the place. There are some really good online writing courses these days that can help hugely with consistency and clarity. You initially sounded like a sarcastic foe to chevy, then you just come across as a simpleton stating a blanket mantra, then...well...I quote:

"unbelievably there were a few who despite getting their asses handed to them day after day...were convinced they were still winning :)....delusion that is almost certifiable."

Any research anywhere, anywhere at all, will surely lead you to see the inherent fallacies of this last comment. Read much?

Texas Sandman
Apr 15, 2013 - 3:41am

Chevy=Binzer=Troll

Don't feed the trolls. Particularly misinformed ones like this duo who haven't heard of the coinage act of 1792 that defined the US Dollar in terms of a weight of silver.

https://en.wikipedia.org/wiki/Coinage_Act_of_1792

sixdollarsilver
Apr 15, 2013 - 3:42am

This trolling bizzo is quite fun

Apologies to all the regulars for the hi-jacking, but a little amusement must be found while I have my ass handed to me... lolllllllll :)

roots manuva - witness the fitness
Basil binzer
Apr 15, 2013 - 3:42am

@Binzer

You said :

"I would imagine that the likes of Turk, Maloney, Morgan and the other 'dream sellers' have been doing just fine throughout the painful last couple of years, sure their personal wealth has grown in that period....just need to sucker in a few more of the gullible."

Are you suggesting that these guys, while actively promoting the metals, have themselves been profiting on the short side ?

binzer
Apr 15, 2013 - 3:44am

@ six

Cool...thanks for the pointing out my grammatical inadequacies.

I am sure you are a huge fan of Turd's and others well constructed posts that have been so consistently wrong that I don;t know why they bother.

Awaiting your next critique...As I'm sure you are as frustrated as most and looking tfor an outlet for that.

sixdollarsilver
Apr 15, 2013 - 3:45am

Hey Chevy, I'll bite... wtfnot?

I'm not familiar with any recent discussions involving shortages in the silver market. I'm not a regular reader, here.

Cool, nice side step

I can say, though, that there have been numerous instances how many was that? in the past two years where various blogger clowns who?

have tried to drum-up a bunch of conspiracy bullshit what?, and every time wow, every time, aye, that's quite a lot... it has proven to be...... bullshit great word that. I'm not aware of any large buyers of silver who have not been able to take delivery excuse my french, but why would you be, exactly?. In fact say what?, looking at the price of silver over the past two years, there seems to be far more supply than demand cool analysis. If some individual retail buyer in the backwaters of America can't find certain silver coins at their local silver shop, it means absolutely nothing agreed, awesome point there.

The most popular instance of silver shortage carnival barking came from Sprott in 2011 when he was trying to pump his PSLV offering care to elaborate?. Kid Dynamite, would this be some various blogger clown by any chance? I'm not really 'down' with the kids on the blogosphere these days did a fantastic bit of forensics on Sprott's lies which ones were those exactly?. You should check out his blog because he's a clown, right?.

To your last question, Silver is NOT a monetary instrument .... chirp chirp.... It is a commodity, no different from corn LOL. Actually there is a difference... corn buyers are not as gullible and susceptible to carnival barkers as silver buyers are hahahahahahahaha, you might want to read up a little on the history of the corn market there methinks.

binzer
Apr 15, 2013 - 3:45am

@ Basil

I would put nothing past the likes of those guys.

sixdollarsilver
Apr 15, 2013 - 3:49am

@ binz

Yep, you got it bro. I'm as frustrated as most.

We're talking evolutionary biology here, right? Grammar... LOL

victori
Apr 15, 2013 - 3:50am
tpbeta
Apr 15, 2013 - 3:52am

@basil

Keep in mind Turk at least makes his money from other people buying pms. He isn't harmed directly by price falls. More widely, and trolls aside, Turd has been advocating buying the dips since $35. I agree there is a big buying opportunity in the offing here, but isn't it wiser to wait for some clear signals. This feels like a liquidaton event to me.

Texas Sandman
Apr 15, 2013 - 4:00am

@tpbeta

Nobody can tell how far this thing will go. But this feels like a capitulation event to me.

Buying 35 would be a bit ridiculous. But myself, I was nibbling at 30, at 29, finally a big buy at 26 and if I can get 24, I'll go for a bit more. If your time frame is measured in years, not days or weeks (i.e., stacking physical), averaging in below 30 is a reasonable thing to do. Eventually, we're going much higher, and will likely eclipse the old highs. It's still a bull market. And what we've seen so far, is pretty ordinary both in magnitude and time for corrections in the bull market.

You people are carrying on like this is the end of the world. For silver, it most definitely is not. I remember $17 not so very long ago.

Chevy Thunder
Apr 15, 2013 - 4:09am

Silver is NOT a monetary instrument

Citing the Coinage Act of 1792 for proof that silver is a monetary instrument is ridiculous. It's like asking me how many states are in the union and then telling me the answer is 13 because that's how many colonies there were at the signing of the Declaration of Independence.

Societies evolve, even if you don't.

Texas Sandman
Apr 15, 2013 - 4:20am

Silver is a monetary instrument, fool

The dollar was defined as a weight of silver with the founding of the republic.

Silver was used even earlier than that. The pine tree schilling of the Massachusetts colony used it, for example.

Were you dropped on your head at birth, or born with an extra chromosome? Which is it?

Rui Chevy Thunder
Apr 15, 2013 - 4:21am

If silver is not a monetary metal ...

then it would not be manipulated along with gold. Every time paper money fails, people have to find alternatives to paper as money. That's when the same free market mechanism picking gold and silver as money kicks in to make silver money again.

Think of a new topic to troll next time.

Chibster
Apr 15, 2013 - 4:28am

Silver is the real threat to society as we know it

The real threat to central banking today is silver. This is the secret war going on right now behind the scenes.

The Internal Revenue System / IRS is the private arm of the commercially owned Federal Reserve bank.

And, if the people in mass begin to barter goods and services with silver as money, the fiat monetary system cannot track, cannot charge interest and CANNOT COLLECT TAXES.

The way to get around the shackles the bankers have enslaved us with is by spreading the word and spreading the knowledge. We have to convince as many people as possible to start stacking physical gold and silver as money and as a measurement of their hard earned labor. We have to convince everyone to participate in trading goods and services for physical gold and silver in parallel with the current monetary system to escape the serfdom.

The commercially owned Federal Reserve bank (JP Morgan) can put the bullion 'price' of silver at any US Dollar price they please. But way before the computer age, the free market found that 'price' automatically in unit ounces.

We have to find a way to price things in silver ounces. For example, a gallon of gasoline will be worth no more than 0.1808 ounce of silver (or pre-1965 quarter). Or a hamburger will be worth no more than 0.0723 ounces of silver (or pre-1965 dime).

Now, I am in the camp that silver is actually now worth a hell of a lot more than 0.1808 ounce for a gallon of gasoline mainly because it would be too costly to reclaim or recycle what was 'burnt up' in industry over the last 50 years.

In addition, 10% of the US silver production today is inaccessible after the massive landslide in the Rio Tinto, Kennecott Utah mine a few days ago. Silver should be much higher than it historically ever was centuries ago.

I envision a day soon when the word "silver" will again be synonymous with the word "money"( as the word "Argentum" means "money" in Latin).

Keep the Faith.

Chevy Thunder
Apr 15, 2013 - 4:28am

@tpbeta

Turd has been advocating buying the dips since $35

In reality, Turd has advocated buying at every price. Just like Sprott. Just like TMosley. Just like ZeroHedge. Just like KWN. Just like anyone and everyone entrenched in the silver/gold blogosphere.

That's the problem with the precious metals community. It's a nearly religious echo chamber where anyone who dares question the priests are banned as heretics, trolls or paid shills. It's like an organized religion: believe, or you're OUT!

Basil Chevy Thunder
Apr 15, 2013 - 4:43am

@chevy

I would have to agree with that - there is something akin to a cult on this board and there are many parallels to to an organised religion.

The PMs are worshipped and anyone daring to cast doubt is a heretic.

I personally am long term bullish on the metals, but the blind faith cultist attitude on this board contributes nothing.

The reaction to this post will probably make my point for me.

Chibster
Apr 15, 2013 - 4:44am

@ Chevy Thunder

I believe in Silver and Gold because it is in the US Constitution. These monetary warnings ring true again and again before the Foundling Fathers.

There is no other way out of this. Thousands and thousands of years history of silver and gold as money always rings true.

We have been brainwashed to believe otherwise.

Chevy Thunder
Apr 15, 2013 - 4:49am

Texas Sandman

Did you even read my post? I couldn't have been any clearer.

And yet there you are, referencing 200+ years ago as proof silver is a monetary instrument. During the reign of Hammurabi, animal skins were used as monetary instruments. Does that mean animal skins are monetary instruments? NO!

TODAY, silver is NOT a monetary instrument. Nor should it be. Any commodity that can lose 50% of its value in 2 years would be a HORRIBLE monetary instrument.

Chibster
Apr 15, 2013 - 4:50am

It's not a cult. It is fact.

It's not a cult. It is fact. Perhaps you were too young to know it had happened only 42 years ago. If you doubt it watch ex-President Nixon on this video 15 Aug 1971.

Nixon Ends Bretton Woods International Monetary System

How can tricky DIck Nixon change the world overnight by slight of hand? We have been flim flammed and bamboozled. It is not a religion or sect. It is fact.

We were reamed in the asses with no lube.


Apr 15, 2013 - 4:58am

The issue with opinions...

...is not that everybody has one. The problem is that some people not only think THEIR opinion is the only right one, but that their message should be blared into everyone's ears from close range, over and over, until it sinks in. And all this without ever presenting a cogent, thoughtful argument, but taking care to methodically try to take a copious dump in all corners of the establishment.

Buddy, this Bud's for you. Let your Thunder roar, your special brand of brilliance deserves this rarely presented award.

Edit: for the record, it is NOT skepticism, counter-trend opinion or any specific bearish expression being taken objection to. It is rather the vomitus of condescending, demeaning, slanderous and petty insults some members (many transient, some longer-term) deem fit to hurl at the host and other members. If you can not or will not see that the sole purpose of such is to drive division, anger and doubt about the fundamental message of the site (without ever bothering to address and refute -- or even learn about-- the specifics thereof), then it really does not matter whether your trolling is intentional or 'coincidental'.

And, in retrospect, I also hereby apologize for even typing up the above. But heavy infestation seems to me to be an indicator in and of itself, and thus useful to a degree.

Contribute

Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

Recent Comments

randomness