Summer 2013 Begins

636
Thu, Apr 18, 2013 - 11:32am

The calendar may not say so. Mother Nature may not agree. But, tonight, summer of 2013 begins and it picks up where summer 2012 failed to go.

Let's take a walk down Memory Lane, shall we? Let's start here with our old friend, Blythe Masters. In April of last year, she appeared on CNBS to "explain" the JPM position in silver. Watch this carefully, being sure to note how Ms. Masters characterizes JPM's business practices.

Blythe Masters Refutes Claims that JP Morgan manipulates silver markets

Prices stabilized through the early summer but failed to mount a rally. On August 7, 2012, the Wicked Witch and Ruprecht stopped by TFMR once again. The Witch was feeling quite pleased with herself, gloating after a successful beatdown of price from $37 to $26.

The Wicked Witch Celebrates Her Victory

The very next day, yours truly crafted a strange post. No charts. Not even any text. Just a video from the 1950s. "Weird. Ole Turd must be losing it."

https://www.tfmetalsreport.com/blog/4084/summer-heats

Then, just four days later, he did it again. Another weird post with just a music video. How strange. "The guy is clearly going over the edge and into the abyss."

https://www.tfmetalsreport.com/blog/4096/soon

Was Turd trying to warn us of some impending event? It sure seemed like it but...then...nothing happened. In fact, summer ended in September and though the metals had rallied significantly, no sane person would categorize the move as "hot" or "explosive" and certainly not "historic".

https://www.tfmetalsreport.com/blog/4209/summer-ends

Wow. Looking back over that post, Turd almost seems delusional. Over-confident. And, as it has since played out, DEAD WRONG. I mean, even a blind squirrel finds a nut every once in a while. Ole Turd's about as useful as a dead squirrel. Wait a minute...Maybe he's the nut?! That's it!! Bat-shit delusional, that Turd. Quixotically tilting at windmills and with a serious megalomaniacal complex to boot!

After a little down time, The Wicked Witch showed up again. This time, she had her new boyfriend, Thunderlips, in tow. If you thought she was unbearable back in the summer, she was over-the-top now.

The Wicked Witch and Her Boyfriend

More time passed and Turd seemed to grow despondent. Despite the overt QE of $85B/month, prices continued to be managed lower. Having some time to reflect over the holidays led Turd to post this:

https://www.tfmetalsreport.com/blog/4413/low-e

But the winter only got colder and it seemed to drag on forever. Finally, a few weeks ago, The Turd began to regain some optimism. No more delays. No more waiting. "Take the fight to them", Turd said. "The War is about to get hotter", Turd claimed. A week ago, a post was written that concluded with this paragraph:

"Finally, you're probably wondering about the title of this thread. Does it have any deeper meaning? Why, yes it does as a matter of fact. I announced in the comments of the Saturday thread that I had a new theme song. It's off of the new CD from the great Bruno Mars. The title is "Natalie" but when I hear it, instead of the three syllables of Nat-a-lie, I think "Blythe Mas-ters". Now, of course I realize that our old nemesis, The Wicked Witch, has moved on to greener pastures within The Morgue. Regardless, she's the one who put her face on CNBS a year ago and proudly proclaimed that JPM is "simply helping their clients" and that their positions are "fully hedged". Oh, really? Hmmm. Well, as President O'Bottom likes to say, the project is "shovel-ready". I hope to break ground by late next week. (And please, this is all metaphorical and figurative. I'm not threatening anyone with physical harm. Just like how Bruno isn't out there hunting down some ex-girlfriend named Natalie. It's just a song...and a darn good one, at that!)"

Video unavailable

Which brings us to today/tonight. At 9:00 p.m. EDT, the Canadian Broadcasting Company will air a program called "The Secret World of Gold". You've probably heard about it by now. You should make every effort to watch it. https://www.cbc.ca/player/ Canadian Turdites can watch it directly through their televisions or computers. The rest of us can try to access it directly by using any number of IP masking software such as that available here: https://www.hidemyass.com/

Here's a little more background, published this morning by The Montreal Gazette. Yes, those who think that Andrew Maguire is simply the make-believe friend of high-level gold bugs are going to be disappointed.

https://www.montrealgazette.com/entertainment/Brian+McKenna+explores+Secret+World+Gold/8255149/story.html

But that's not what all the hubbub is about. What is it about? Well, I guess we'll just have to watch and see.

You're likely asking yourself these questions:

  1. Has Turd already seen this documentary and is he sure that it contains everything he hopes it contains? Answer: No, I haven't seen it. I am hoping against hope that it really does contain everything that I'm expecting it to contain. I guess we'll know for sure in a few hours.
  2. Is this information that will immediately move the markets? Answer: Probably not so don't get your hopes up.
  3. Could this film be the impetus of a "hot, explosive and historic" summer of 2013? Answer: I'd like to think so but, given the depth of corruption at all levels, don't make my mistake of getting your hopes up too high.
  4. I don't live in Canada so how will I ever see it? Answer: Here I appeal to you, my dear reader. Surely, a reader of this from Canada will have the technical wherewithal to record the program and immediately post it to YouTube. A little help?? (And stop calling me Shirley.)

So there you have it. For what it's worth, you should at least be glad that there are folks out there who are tired of the lies, the manipulation and the deception and the negative economic impact that all this is having upon millions, to the benefit of a few. We are trying to fight back. Let's just hope that this evening's program gives us some momentum.

TF

About the Author

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

  636 Comments

Bill of Rights
Apr 18, 2013 - 2:10pm

Miners are looking awesome

Miners are looking awesome today...EXK is ridiculously cheap.

NonoverlappingMagicCereal TF
Apr 18, 2013 - 2:11pm

@Turd Ferguson

That's not the point I'm arguing. Let's assume that they are suspicious of all 3. Each of those entail additional risk when buying sourcing gold, in which case it would be reasonable to pay a premium to eliminate that risk. Let's assume that, as you say, a 60% premium is a 'fucking bargain'.

But that's a premium over spot, so this secret 'real' price for tonnage buyers should move relative to spot. So the claim that the price is unaffected by the price smash doesn't make any sense, does it?

Now, quite apart from that, why the heck is it worth a 60% premium? Couldn't you name half a dozen outlets that you trust to sell you bullion? Why not just call them up, say you'll clean them out for $700/oz over spot? Even if 50% of the coins and bullion you got from, say, apmex were 100% pure tungsten, you'd still be coming out better than $2000/oz!

victori
Apr 18, 2013 - 2:11pm

Rick Rule congratulates himself on his likely remaining lifespan

https://www.gata.org/node/12471 Dear Friend of GATA and Gold: Interviewed today by King World News, Sprott Asset Management's Rick Rule offers the tedious, cynical, and, essentially corrupt old rationalization for market rigging, a rationalization that could be offered by the market riggers themselves: that it should be welcomed by anyone who has the time and resources to profit from it. People who are being cheated in the here and now and have neither the remaining lifespan nor the resources to recover from it are dispensable, along with free markets. Rule congratulates himself for being among those with the likely longer remaining lifespan and the resources, and characterizes this self-congratulation as investment advice. But at least at the very end of the interview Rule also forwards a friend's description of the gold buying frenzy under way in Hong Kong. It's posted at the King World News blog here: https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/18_Ru... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Groaner
Apr 18, 2013 - 2:12pm

Even if they made a movie of all the Crooks involved

showing them in real time running their HFT.s dumping massive amounts of digits on the market, it would not matter..

The only thing the CFTC is going to do is tell Bart if he has a hair out of place..

The bums will watch this movie and laugh at it..

Nothing will change.. nothing... everyone that matters is in on it, bought and paid for.

punchbowl
Apr 18, 2013 - 2:12pm

overlapping?

Having looked at the bombing, extensively and critically, it may be the clearest, contemporary, quintessential example of a false flag attack. Have you looked at it? or just dismiss it as crazy bunkum because of heavy duty normalcy bias?

Was going to list the extensive list of "coincidences" found in this bombing that qualifies it as false flag, but go do your own work including looking at the definition of "false flag" which you seem to misunderstand.

How bout the drill going on and all the specialized military types (are you saying these werent domestic groups?) swarming the place? look at the photos that are all over the net

the loud speakers telling everyone "to remain calm" just before the explosion?

The supposed arrested subject who suddenly wasnt arrested?

etc etc etc

Overlapping -- If Operation Gladio doesnt ring a bell, you are completely naive in this area.

AgAuthaChristie TF
Apr 18, 2013 - 2:14pm

@MrFerguson

Did the actual "Libor email" moment ignite any lasting process?

We are all disappointed with the PM market. It is a tough time but we have to stop pretending something as trivial as a documentary is going to move the market. It isn't. Nothing in that documentary is not already known to any major player.

We are grasping at straws here.

On a brighter note, we may be at rock bottom right now. You can only go up from rock bottom.

monkry agauinvest
Apr 18, 2013 - 2:14pm

Re: Why?

This is nothing new, geoip restriction has been a tool of online media for at least 7+years.

Content restriction creates virtual borders where relevant info cannot be passed.

It's stupid, but there we are. I first noticed it years ago when southparkstudios was blocked to viewers outside of USA. Yes I'm a perpetual teenager.

Lurknomore
Apr 18, 2013 - 2:15pm

@billhilly, loudnoises, and stock_canine

I have to admit that I'm with you guys on this CBC TV documentary, regarding it's relative importance and effect. In fact, it's a little disconcerting that this "revelation" was the central issue behind last years 'HEH' prognostication. Notwithstanding the reality that ANYthing generated, disseminated, or otherwise originated in Canada is mostly taken with a grain of salt, if even acknowledged at all (well, hockey,...maybe), this big documentary event will prove to be nothing more than a ripple in the PM markets. At best. I watched the Chilton interview yesterday, and that dude doesn't generate any confidence or inspiration at ALL by way of being the "Enforcer" type. Nope, better to hang our hopes on a real sea change of sentiment...i.e. shorts flipping to longs, currency crises, real inflation, etc.

The documentary, if we get to see it at all, will be interesting I'm sure. And I'll watch it if possible, but am a LOT less sanguine about it moving markets than some here.

Levon hammerman
Apr 18, 2013 - 2:17pm

Damn... I'm playing hockey at 9:00pm

Like any good and true Canadian

Although I hopeful that some good will come of the broadcast I am very doubtful given the massive amount of irrefutable daily evidence and the completely toothless and useless CFTC. Where can I get a job where I do absolutely nothing all day and completely ignore my duties and obligations?

I can see the MSM spin tomorrow "oh those crazy Canadians..."

Hagarth
Apr 18, 2013 - 2:18pm

Why Gold may go to $800

Competing alternate currencies must remain to be seen as inherently risky, even equities may hit the wall to push dollar savings into "Strategic Banks" listed by sovereign countries recently. When the time comes to deleverage the banks risks, savings will be commandeered, regardless of the outcomes to the society and/or economy. It will come in a flurry giving those "non-securitized bondholders" no time to hide or remove their funds. Preventing bank runs is going to be the primary job of government and will be supported obviously of the banking industry, likely even the Investment community within the social structure. Investment houses after all need to keep their doors open and being on the wrong side of the government/banks isn't generally a good place to be.

Consistently people are coming on here to impart their wisdom of diverisfication, the smart ones like Galt and Katie Rose will not be unaffected but will withstand the thunderous storm in its severity. For those unprepared it will come as a shock, and will tumble governments, but be assured that the bias of the banks will still retain their power after regimes fall. New leaders will put a more human face to the carnage that had brought so much hardship to society. Unfortunately, the norm will not have changed those with affiliations will still have their assets, their children will have free scholarships to the BEST Universities that ensure a "comfortable" life.

For you and I, with our savings transferred to bank shares the government does not need to print more dollars, the banks expand their share structure by 10 to 100 times. Reducing the value of those shares to 3 cents on every dollar, once the shares are able to be traded, or maybe they allocate bank bonds...even better.

This is a response to those wishing for an explanation of why any person would trust in a rock. At least with a rock I can bash your head in, try doing that with a bond. It has more than one use, not just a monetary hedge/insurance policy if you use it correctly!

AS some here have posted recently the fiat price for security has gone down and will likely continue, this I have no doubt is true. Until the banking structure meets its needs to deleverage its risks, the drubbings will continue, the central bankers in most nations understand the need to do this and will be on the front lines espoucing the needs of the system to become safer...for everyones benefit. I wish the banks were "SAFE" as well, then this nonsence of having to protect my family from wealth confiscation and even worse would be neccessary.

The next shoe that needs to drop is the equities before the snatch and grab occurs. Liquidating funds and keeping the currency as cash within the banking structure will need to unfold. Nothing will be unaffected, a complete washout will be required...there will be NO SAFE HAVENS when this occurs...just cash.

So if you have a shiney rock go bury it now or keep it in your tool box/gun safe to bash nails with...as well as other items of interest. Nothing will be safe from what must happen...a return to mean. (take that last bit as a double entendre)

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