Summer 2013 Begins

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."

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."

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".

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:

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. 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:

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.

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.


About the Author

turd [at] tfmetalsreport [dot] com ()


Mr. Fix
Apr 18, 2013 - 6:38pm

Silly question:

The FBI has just released photos and videos of the Boston Marathon bombers, and are looking for help finding them.

Here's the question, why are they ignoring the YouTube videos that were posted yesterday, with an entirely different cast of characters?

The cover-up continues…

Apr 18, 2013 - 6:38pm

Remind Turdittes that Turd Created a Rickards Forum

for his book currency wars.

Given how much he is referred to on main street you might want to visit and contribute


Apr 18, 2013 - 6:39pm

Tonight and LCS!!!

I’m very excited to see this document after someone can put it on YouTube or something like that. However, I’m not going to go recommending this program to any fence riders before I can see it for myself. Picked up some shinny stuff from the LCS 100 (%40) Kennedy’s pretty close to melt, 20 over. It’s a 50:1 buyer to seller’s ratio at my LCS, that’s pretty amazing and maybe slightly embellished by the owner lol.

Apr 18, 2013 - 6:41pm

Day 2 > Rockets strike Israel from Gaza Day After Sinai

Rockets strike Israel from Gaza: reports

JERUSALEM | Thu Apr 18, 2013 6:10pm EDT

(Reuters) - Two rockets fired from the Gaza Strip struck inside Israel after nightfall on Thursday, causing no damage or injury, Israeli media reports said.

The Ynet and Haaretz news websites said the rockets fell in open areas. The Israeli military was checking the reports. There were no immediate claims of responsibility issued from Gaza.

Islamist militants in Hamas-ruled Gaza have fired intermittently at Israel in the past month despite a ceasefire reached after an eight day conflict in November. Israel has vowed to prevent these shootings and often retaliates for rocket fire by bombing militant targets in Gaza.

The attack came a day after rockets fired from Egypt's Sinai Peninsula struck the southern port city of Eilat causing no injury.

Islamist militants claimed responsibility for Wednesday's shooting, which highlighted concerns about rising friction along that border since Egyptian President Hosni Mubarak's downfall in 2011.

Tensions have been on high since Israeli troops shot dead a Palestinian youth in the occupied West Bank two weeks ago in confrontations with protesters angered by the death in prison from cancer of 64-year-old Maysara Abu Hamdeya.

Palestinian officials said Abu Hamdeya, jailed by Israel on charges of involvement in a thwarted suicide bomb attack, had been denied timely medical care. Israel denied any negligence.

Apr 18, 2013 - 6:42pm

Gold & Silver

Got some hunches that I have been betting on:

First: Gold (silver) IS a tier one asset under Basel 3 and they have been lying all along.

Second: Basel 3 went into effect on Saturday, 13 April. (Yep - they lied about the time allowance too)

For number 3 - got a question that will provoke some thought hopefully. How is it.. that silver is "supposedly" many times more than gold (tons available), yet the silver market is so much smaller and easier to manipulate?

Now, maybe everything is a lie in the matrix. But I'm betting right now those are true.

The fireworks are a distraction, watch the left hand at all times. Things could get very interesting, very quickly.

Apr 18, 2013 - 6:44pm

Just heard an interview with

Just heard an interview with Brian McKenna on CBC radio (will post link if one becomes available) and this guy sounds a LOT like us.

They wanted to talk about the price fall and he told a story about the Fed doing it to quell a bullion bank run started by a guy who failed to get a few million in gold out of a bullion bank.

Apr 18, 2013 - 6:45pm

pragmatic answer

Maybe those YT vids were overzealous in their rush to be....first or right?

Happens more often then not. Too much speculation.

Apr 18, 2013 - 6:48pm

cupcake eaters

I don't know why gold has had the smashdown but am very pleased with it. Here is my thoughts

On the gold rise from 400-> 1000 paper price drops similar in percentage terms to this one happened a few times. Every single time the EE took the price down, the physical markets in India went ballistic and common folks bought up everything in site. After a few weeks of extreme sales the paper price miraculously recovered and each time would leap to a new baseline. First 500 then 666 then 800 then 1000.

I discussed this with my son who was in grade 10 at the time and he came up with a model of the behavior. In his classroom people would sometimes bring in a plate of cupcakes with the assumption that they would all be shared. This all worked fine if the plate was kept high and a teacher controlled distribution. Most of the students had good manners and would take only one or two ensuring the supply was sufficient so all could eat. If the plate was placed low enough and was left unsupervised, the mentally handicapped child would go to the plate and empty it in a minute or so . The next time cupcakes would arrive they would be kept higher.

The gold price is like the height of the cupcake tray. The "normal" students are the bankers, futures traders and wedding ring only customers. The "retarded" ones are the gold bugs and the Indian public. Right now the plate has been lowered and the cupcake eaters can reach the plate. Indians and stackers will gorge themselves untill the plate is empty. The cupcake tray will need to be placed much higher to make up for this weeks orgy by those not rational enough to stop gorging themselves if the rational gold players want any gold for themselves. This has been the first big chance for the retards since $1000. This newly liberated physical will not be returned to the vaults - ever try to take a cupcake from hungry retarded child?

In this version of reality the "stupid irrational gorgers" always win. The dinner bell has rung -its feeding time!!!! I figure on $3000/Oz by July.

Apr 18, 2013 - 6:53pm


Yes--metals up a bit. Also IBM laid an egg with its financials esp revenues. I think MSFT too.

IMO once the market is allowed to fall thats when metals rock and roll.

Let me amplify this. JS, Sprott, Turd and others only underestimated the total "all in power" of those in charge. When this implodes it is going to be spectacular if this was a spectator sport, but this is a participant event and everybody is going to get burned to some degree. Those prepared get a little less burned.

What fears me the most is they -tptb, just walk away from this as they are personally prepared and probably have places somewhere safe fully provisioned.

Apr 18, 2013 - 6:53pm

NZ PM availability

No Maples or Taku today on the one online shop that had them yesterday

Premiums going up on local auction site

Edit Silver that is. Gold still available. Prices wobbling back & forth

Mr. Fix
Apr 18, 2013 - 6:54pm

I'll tell you what, Mr. Fix-

If I knew better how to research this stuff, I might just be able to prove your theory that "I also think it is conceivable that some of the very large players intend to purchase their own gold mines for pennies on the dollar." It is frustrating to me that I cannot figure out how to track changes in large shareholders for the miners through this beatdown- For those wondering what we are talking about, here was my original post-

From what little I have been able to come up with so far, here is exhibit A: BlackRock.

I was able to find and look at a public source of info on the 10 largest shareholders, and the largest institutional transactions for IamGold (IAG). In the last year, this sucker has gone from a high of 16.88 to a low of 4.61, and it is currently 4.80... ouch! This thing truly sucks, right? But it isn't THAT sucky- it has a PE ratio of 5 to 1, which is far, far better than the 18 to 1 ratio of the S&P. It even pays pays a fat little dividend of 5.37%... try getting that in a bank. Yet over the last three months, it has been a true horror show, down around 60%.

You know who sold the most shares (9 million) in the last 3 months, killing the price? BlackRock.

But wait- once I was able to get into it, there are actually several iterations of BlackRock, including several branches that are listed as hedge funds, ETF holdings, "institutional Investor" portions, etc. that are each listed separately... and the OTHER parts of blackrock own a boatload of shares. In fact, you total up all the different BlackRock umbrella groups and, far from selling the crap out of IAG, they (in thier various forms) actually own a total of 20% of that sucker. Nearly 2 billion market cap (at current levels) and they own 20%. And that is just what I know about... Also, I am finding that Blackrock is adding to their holdings of many miners, they kept coming up as buying.

Seriously, someone who knows how to do this could track (or show us how to track) who has been buying these shares during the recent floggings... my guess is that those who are buying most heavily are those who started/forced the selling in the first place. Imagine that.

Cry Me A River
Apr 18, 2013 - 6:58pm


Some Of The Coolest Soul Guitar Work!

My Kinda Music

The Temptations - Papa Was A Rolling Stone
القراع عصفور
Apr 18, 2013 - 6:59pm


we are hopelessly handicapped in this game. you probably know about all this crap, but some others might not.

dark liquidity etc ...

Bohemian Cry Me A River
Apr 18, 2013 - 7:03pm


These are good... I did it B&W too, so I could use stock footage from archives, Chicago, those trains, and I used Temptation music, My Papa Was A Rock 'N Roll, the opening part, and made from this a loop, with reverb. I built the entire apartment in the studio, the sound stage, including trees behind the windows (with 50,000 plastic leaves), and a fan, so i could play with shadows on the wall... I used dolly on rails, with the zoom, to get this "moving through" effect...

EDIT: Oh my, the Temptatiopns, Papa Was A Rolling Stone... Sorry. LOL

Iceberg Slim
Apr 18, 2013 - 7:04pm

JPM executes trades on behalf of "Clients"....."Clients" = FED?

Per what Blythe said herself in the interview, that JPM is only executing trades on behalf of their "clients". the million dollar question then is, who are these "clients", and could it be that the "clients" just so happens to be the Federal Reserve? and that JPM is executing those naked shorts on their behalf?

aside from the obviously glaring motive and interest the Fed has in keeping a clamp on PM prices, and considering the cozy relationship between the two entities, this seems not all that far-fetched. in fact, it makes much more sense than any other explanation I've heard.

Hmmm..could it be so simple?

Green Lantern
Apr 18, 2013 - 7:08pm

Brilliant Goldmania!!!!!

Thanks for posting!

I'm sorry but I consider Mr. Farrell a frickin' genius. He has an inexplicable ability to connect seemingly random dots. And, he has once again connected events in a way, that I haven't seen or read in the metals blogisphere. If you didn't watch the video that Goldmania posted, then here is your second chance but first ask yourself the following questions?

What does Barrick Gold and George Bush Sr, massive 20 billion gold sell orders, miscellaneous explosions, Nato, German Gold repatriation have in common?

If you can answer that question, there is no need to watch this video. Now there is some very very intelligent people on this forum, who have already gone done this rabbit hole but unlike Mr. Farrell, they are not full-time researchers with access to resources to make an articulate, lucid case between the gold markets and surrounding events. As a result, they, me, you can sometimes come off as wack jobs. That's the nature of reality.

But if you truly understand the dynamic of these elite groups, you realize you cannot separate the cart from the horse or you'll get nowhere in understanding the dynamic of what's going on in the world. It's all going to be a bunch of disparate pieces of mumbo jumbo,

Here are the articles, that he basis his commentary on. Likely many of these have already been posted minus the expert commentary.

My guess is that the CBC piece on gold will likely validate what everyone mostly knows. And that is a good thing. But if you can't watch it, this 19 minutes of speculation might open some eyes.

Granted just because somebody says something is true, doesn't make it so. But there is a thing called the preponderance of evidence. It sure is stacking up.

Apr 18, 2013 - 7:11pm

@jake blues...

Your absence was conspicuous...glad to see you back amongst us.

Strongsidejedi Iceberg Slim
Apr 18, 2013 - 7:12pm

Now days...

Now days, I'm not exactly clear where the line is drawn between the Fed, the Treasury, JPMC, and the COMEX.

After all, if the government can let JPMC call deposits "shareholding" and the segregated accounts are really just a part of the comex anyway...

well... it's all one blur anyway... right?

Apr 18, 2013 - 7:13pm

Dryo P- hopefully not totally handicapped, my friend!

First of all, I may in fact be "hopelessly handicapped" but I can only play the cards the good Lord dealt me ;-) And I do understand that the real stuff is mostly hidden, but honestly the nature of the world of Dark Pools is totally unknown to me- I do know that they cover their trading tracks, that funds are fronts for other funds who are fronts for certain big money interests. I also know that someone like me could never find out who is "really behind" these things, but I don't really need to- I just want to get a sense of which groups are buying.

To ansewr my question I don't need to know who is 'really' behind those groups, just that the big cash is lining up in a certain direction- if they (whoever "they" are) have been using this to add to their holdings, then at least some of this will be in the public domain. If "they" are just getting out and crushing metals and miners for the Fed, well then buying the dip would be a fools errand.

Silverwealth once asked me to do a p-shop of the folks at Pailins riding on a train with banksters like Dimon and Blankfein, during a period whenthey were trading in concert with the Banksters. I think now, more than ever, it will be crucial to do whatever it is the market makers are doing... so I'm trying to figure that out!

Cry Me A River
Apr 18, 2013 - 7:14pm

Bohemian Back At Ya

War Slippin' Into Darkness
Apr 18, 2013 - 7:14pm

@GM3000 Coincidence

Your tube post was kind of deja vu after posting mine on page 7, referencing Barrick. It looks like the chinese also backed out of a deal for the African Barrick Aquisition, at a very opportune time during the gold shake out.

It would not surprise me one bit if JPM and Barrick are still tied at the hip.

Apr 18, 2013 - 7:15pm

Only $6.99 Over Spot-! When You Buy 500 or More -!

The separation of physical reality from paper reality....

No 2013, 2012, 2011, 2010 MBs....

2009 Silver American Eagle 500-Coin Monster Box (Sealed)
Only $6.99 per coin over spot! Unopened, mint-sealed green monster box! This is a great price for a sealed box of backda... view more
Average Rating
Availability: 5 In Stock
Qty Check or Wire Credit Card
Any Qty $15,185.00 $15,640.55
MsMaryMac TF
Apr 18, 2013 - 7:17pm

TF - 2 more fair questions ye ask

1) Does Jim's source know what physical silver is going for with the very large buyers of size? North of ?

Confirmation not necessary on quest. #1

2) Why do the miners not advertise to very large buyers of size on their websites. Gold for sale, minimum purchase X ton(s) $2,150 per oz., AND for Silver, Silver for sale, minimum purchase XX ton(s) $50 per oz.

Confirmation also not necessary on quest. #2, but would appreciate everyone's opinion on this one. TY

Apr 18, 2013 - 7:18pm

My buddies in Canada complain

My buddies in Canada complain all the time that they can't access material freely viewable online in the USA.

Comedy Central comes up often as a sore point.

I doubt it is censorship. Maybe there are distribution rights issues eg. some of the people speaking want to make money all over again by speaking to the US or Euro audience separately.

Anyone notice it's a few weeks past Jim Sinclair's birthday and we still haven't got our presents?

Cry Me A River
Apr 18, 2013 - 7:20pm

Thank You BillHilly

Here's One For The Title Of This Thread

SUMMER (Original Full-Length Album Version) - War
Apr 18, 2013 - 7:21pm


Those jokers run the same sort of interference for the criminals as the CFTC runs for another group of criminals. It isnt too much of a stretch that they may even be the same set of criminals.

Your sentence should read "pics and video of supposed patsies" instead of scumbags. Funny how gullible some are here to authority on certain subjects, yet dont believe a word when it comes to the financial crap they spout.

In fact, the scumbags are sitting behind the podium ignoring the questions that are pertinent. Hilarious how at minute 2:50 sweaty face putz says "we want help from the public to find these suspects but arent interested in any other leads they may have.......blah blah"

Pose some similar questions to you as I did to moron overlapper.

There is massive evidence of a drill both in pictures and by witnesses, yet this has not been acknowledged, why?? (have you heard what the UM coach had to say? If not why? not relevant? speculative, overzealous youtube nonsense?

Why are there all these military types in "uniform" with ear pieces all over the place? If there was such a military presence at the scene why wasnt this "organic" attack prevented? perhaps why the drills are not aknowledged.

Who is CRAFT and were they operating there? Have you looked at the photos of these guys or are you letting "professionals" figure this out for you?!

what's this guy (Dr. King is apparently his name) got and why?

Turdle GG
Apr 18, 2013 - 7:25pm

Access to CBC documentary?

Just tuning in here down under.

In all the comments above, did anyone find a good way for us to watch this live?

Cry Me A River
Apr 18, 2013 - 7:28pm

And I'll Post This Just Cuz I Love It

Sade - Cherish The Day (Live from San Diego)
Apr 18, 2013 - 7:31pm


Zoltan is going to stream it on the chat here - although I'm a technological dope and don't know how to watch a stream through that chat feature. (?)

Strongsidejedi AlexCojones
Apr 18, 2013 - 7:32pm

Only $6.99 over spot?

Let me get this straight, this monster box is only $7 over spot.

And, there's some people on this board (trolls?) who claim that there is no price trend in premium.

Heck, I used to get ONE ounce of Ag for less than $7 !

The premium now is higher than the original cost of the coin a few years ago.

I'm guessing that in 5 years time, TF will still be dealing with trolls who claim the HEH never showed up, the premium hadn't moved, and that the price of $100 for Ag ounce and premium of another $30 is not symbolic of anything to see here.



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

by Turd Ferguson, 42 min 19 sec ago
by matt_, 1 hour 19 min ago
by SteveW, 2 hours 9 min ago
by streber, 2 hours 15 min ago
by Joseph Warren, 2 hours 25 min ago