Whatever

234
Fri, Apr 19, 2013 - 10:24am

I'm just generally tired, so I'm taking the day off. Here's an "open" thread.

If you haven't seen it yet, below is the CBC documentary, graciously supplied by "forwhomthetollbuilds". Very kind of him to take the time to record and upload. All three parts are below. Part III is the only one of real interest.

Obviously, the producers chose to exclude the information which I was hoping would finally begin to see the light of day. Thus the title of this post. I'll try to pick up my armor and rejoin the fight next week but, for now, I can't help but feel a bit dispirited.

Have a good day and try to remember to play nice, keeping in mind, of course, The Golden Rule.

TF

About the Author

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

  234 Comments

  Refresh
Burt Reynolds
Apr 19, 2013 - 3:10pm

Goldmart

I received the same letter and don't even have an order pending.

Thanks for the site and all you do Turd. Long time lurker here.

NonoverlappingMagicCerealTF
Apr 19, 2013 - 3:05pm

@TF re: I would say that this is a pretty big deal

Anyone looking for that paper--physical disconnect need look no further.

So if retail inventories in China and in the US are back to normal stock this time next month and gold still has a 1400 handle, would you consider that a shocking development?

AlexCojones
Apr 19, 2013 - 3:03pm

Borat Success Story? Doesn't Add Up

According to the media, THIS was the guy who felt the need to bloody the streets of ATHLETES and civilians while dozens of HS contractors were standing around doing fuck-all. THIS Borat-looking fellow with his Benz in the background?

The entire Eastern US money- power-media establishment is the biggest crime syndicate in the history of mankind.

Mr. Fix
Apr 19, 2013 - 3:02pm

Yes, it is a pretty big deal,

especially when you consider how much gold we know the Chinese have, and how many stories we have read this week about London being cleaned out.

The Chinese are not waiting for their gold to be delivered from London, they are just pointing out the fact that London has no gold.

simply amazing

silver66
Apr 19, 2013 - 2:59pm

Death of the dollar

Hidden in plain sight, excellent post

https://en.g20russia.ru/news/20130415/781287568.html

Silver66

Edit, got to go called LCS and they have NO gold, and 25 silver Maples left...actually they won't in 10 minutes

Mr. Fix
Apr 19, 2013 - 2:59pm

I would say that this is a pretty big deal

But paper metal sells off anyway.

Anyone looking for that paper--physical disconnect need look no further.

Mr. Fix
Apr 19, 2013 - 2:57pm

This is funny. The Chinese are out of gold.

Chinese Gold Exchange Sold Out - Begins Importing From Switzerland

Submitted by Tyler Durden on 04/19/2013 - 14:02

Hong Kong’s Chinese Gold & Silver Exchange Society has been in operations for over a century, and it’s President Haywood Cheung was interviewed by Bloomberg news earlier today. Whoever orchestrated the attack on gold and silver in the last week or so has gravely miscalculated, since the response to the drop has been surging demand for physical gold and silver. While I tend to be skeptical when I hear about silver shortages since these reports have been so exaggerated in the past, the lack of silver coin availability and premiums are the most extreme I have seen since the financial and economic meltdown of 2008. Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.

Apr 19, 2013 - 2:57pm

CLASSIC!

Santa has picked up and posted FWTTB's youtube copies. They are in this post here: https://www.jsmineset.com/2013/04/19/in-the-news-today-1513/

The best part is this: When you start clip #1, it still shows "For All The Turds"!

GroanerEWS111
Apr 19, 2013 - 2:57pm

Ews111

When I ordered I am sure they had the coins in stock, but since I sent a check, it needed time to clear, and maybe by then they ran out..

As long as I get them soon..

Why I posted it was to punctuate that the supply is OUT.

Keep dropping the price dummies

StrongsidejediChicagoMark
Apr 19, 2013 - 2:56pm

" I'm still a little confused

" I'm still a little confused on how and where the mints source their blanks or whatever it is they use."

In reading my original post, I didn't explain that very well. The US Mint sources planchetts (blanks) from legislated and approved sources. Prior to 2010, the US Mint published a list (which I can no longer find on the internet) where 1 source was Australian and two sources where domestic (in the United States). Then, Congressman Ron Paul stepped in with legislation to mandate that all US Mint silver coinage had to source from silver mined in the United States (at least that is my memory of the law, I've not fully reviewed the language myself).

So, the Mint goes to Sunshine and orders the blanks on contract from them. It's Sunshine that is buying from the refiners. The refiners are the guys like Johnson-Matthey (i.e. "JM bars") or Englehard. They get the silver and refine it to spec. Then, the private mint takes the refiner's silver or gold and stamps the blank/planchette.

I would argue that COMEX is a paper pusher. At least, they look that way. And, from the looks of the behavior of the silver market in the last 2 years, Comex is in position AHEAD of the US government for supply. Otherwise, the US Mint would be getting orders and giving better estimates on timing of delivery.

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 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Forum Discussion