Just Some Charts

219
Mon, Apr 22, 2013 - 1:49pm

Because it's late and this is about all I can handle for today.

We had a little bit of a rally today but did you notice that gold was stopped in its tracks when:

  1. The Comex opened for trading and
  2. It had reached the all-important "2% cap". In fact, there was a clear movement afoot to close gold back under the 1% cap and they nearly made it.

So, now, here we are. Yes, it's always nice (and rare) to begin the week on an UP note. But don't be fooled...nothing much has been accomplished. I had expected/hoped that the drop out of the 19-month ranges would be nothing but a brief, stop-running exercise. Instead, the thing took on a life of its own last Monday and now we learn via the CoT that The Cartels didn't even cover. The LargeSpecs did. All of this infers that further weakness and volatility may be coming. Let's hope not but until prices get back into the 19-month ranges (above $1525-1550 and $26), we must remain vigilant.

And here is your homework assignment / thought experiment for the day. I want you to print off these three charts. Place the gold chart on top of the copper chart and hold it up to the light. Then, do the same with silver and copper. Having done that, let me ask you this:

Why are these charts nearly identical? Other than being elements on the periodic table, what do these metals have in common. If your list of commonalities is short, why do they trade as they do? And because they trade nearly in tandem, what does this say about the current method of price discovery?

OK, that's all. Gotta go. Have a great day!

TF

About the Author

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

  219 Comments

lakedweller2
Apr 22, 2013 - 10:16pm

It is All Intentional

Can't help but think the end goal is to kill the dollar, destroy the US economy, steal the future wealth of the US Treasury, "bail-in" everyone's private accounts and walk away with their off shore accounts and lives. There is only winning for them while leaving the masses totally broke and in disbelief. When trying to rationalize what is going on, just think they intend destruction and that each and every irrational action that is contrary to your ethics, morality, or the Constitution and what America stands for...is what they mean to do. Once knowing this...it all makes sense.

Finding an institution or recognized source of internal power to stop them is a real problem. This is not stupid people doing stupid things. This has been an orchestrated hijacking of America's wealth. They could care less about the country.

s1lverbullet
Apr 22, 2013 - 10:21pm

Turd

My fault, just talking in real time (not open market days). I meant to say that if they (the Chinese) are moving that much metal east that quickly and are sustaining that pace then over a years time they could easily be moving north of 2,000 tons a year into their vaults, not to mention their own national output. Like I said, Holy F***ing shit batman, that's a lot of gold! These guys could easily have their currency backed in a couple of years. By the end of the decade for sure.

¤
Apr 22, 2013 - 10:25pm

Double wow!

It's ok if your mouth is hanging open...because mine is.

The Amber Room, Germany

One of the most famous lost treasures of all time, the Amber Room was a set of 18th century panels made from fossilized tree resin and inlaid with gold and precious gems that was made for Tsar Peter the Great. When Germany stormed Russia during World War II, the room was disassembled and shipped to Konigsberg, East Prussia in crates. Where it went from there is unclear, especially since the Allies started bombing the hell out of Konigsberg in 1944. Numerous theories exists as to the final fate of the Amber Room, which would be worth millions even in pieces, but no sign of it has ever been found except for one mosaic stone in 1997.

stealthbear
Apr 22, 2013 - 10:28pm

DPH

Human nature? I certainly hope not. I can understand not wanting to blow the whistle if you or your loved ones (especially) might be endangered, but to stay in a job where you know things are "dirty" and just play along so you keep it, or can move up later, is the antithesis of integrity. I can't believe we are so far gone that "human nature" is devoid of individuals with some moral fiber. But, then again, it seems to be a qualification for those in high office...no morals, no integrity, no conscience. They are the ultimate "free shit army", nothing but entitlement on a grand scale. Being above the law is the ultimate entitlement. Sorry for the rant...just a little cranky tonight.

¤
Apr 22, 2013 - 10:28pm

Where did all of those dimes go?

Someone has a boatload of dimes somewhere or they we're stolen and a cover-up happened wayyy back then. Naw...couldn't be, could it?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The Barber Dimes, Colorado

Coin collectors can tell you that one of the most mysteriously rare coins in American history is the 1907 Barber dime. Even though more than four million of them were minted, just over a dozen currently exist today in good condition. So where did they all go? The legend tells it that a shipment of dimes departed Denver, Colorado that same year for Phoenix, Arizona but never arrived. Treasure hunters believe that the wagon train tipped off the road and into Colorado’s deep, impassable Black Canyon. There were no survivors of the shipment, so nobody knows for sure, but if you could get your hands on those barrels of silver you’re talking a $3,000,000 payday

Chef
Apr 22, 2013 - 10:35pm

If Gold is headed East who is doing the shipping?

Can Maguire or some other English boyo find out who transports LBMA Gold in size and send an errand boy with a camera to film the trucks rolling to the port?

Is this really happening or just fantasy running around the interwebs? I'm curious trust but verify

stealthbear
Apr 22, 2013 - 10:36pm

DPH

Nice payday is right. But have you ever been to the Black Canyon? Nothing but a steep black hole of death.

stealthbear
Apr 22, 2013 - 10:41pm

@lakedweller2

Have to admit that I agree with your assessment. It explains all the government preps to date....billions of rounds of hollow-point bullets, drones ready to target "terrorists" in the US, big armored tanks deployed around the country (for our own safety, of course) and the giant data center in Utah to save every phone conversation, text, tweet, or internet posting any of us have made. Chilling.

¤
Apr 22, 2013 - 10:41pm

hey cranky pants

Ha ha...only kidding. I hear ya' on that.

I hate thinking like that because I know it doesn't define most of us here. But if you take it into consideration it accounts for many things that aren't happening and then it starts to make sense.

Consider the human quality called greed or any of the other negative ones and if they're in play at the wrong places where we used to rely on them (justice/rule of law) then a breakdown in society isn't only possible but probable.

My faith in certain levels of mankind (not the common man) is just about gone even if I find it unacceptable. My level of displeasure means nothing in the big picture. I'm an ant, even if I wish it weren't so. But I'm a vocal ant.....who holds gold/silver because he see's what's coming...just like many of you.

Listen to the lyric's....

Rush ~ A Farewell to Kings w/lyrics

lakedweller2
Apr 22, 2013 - 11:00pm

On The Bright Side

I was at a family gathering over the weekend where the majority of the people present had grown up in small town America, where hunting and fishing is a way of life, the local gun store is large and prosperous, one of the favorite things to do is wild hog chasing with guns and dogs and they vote Republican. The consensus favorite show on their satellite dish is "Duck Dynasty" because the Robinson family has the the character and qualities of true Americans, so they say.

Here is the good news: as some of the late comers just returned from the hog chase, and the discussion honed in on what is wrong with America, the group suddenly proclaimed that everybody better get them some gold because that US dollar sucks.

I left feeling somewhat better that the belly of America is waking up...and they appear to be a group of people that won't take kindly to those city slickers that are causing some problems with our way of life.

DayStar
Apr 22, 2013 - 11:04pm

Harvey's Up!

Harvey: We have lost a massive 18.35 tonnes of gold today from GLD. In 10 days, we have lost over 80 tonnes of gold. This gold is feeding the appetite of China. DS: Maguire says Shanghai has imported 1,000 tonnes already this year not counting the 25 tonnes a day that disappear from the LBMA. • Jacob Bunge: The Moscow Exchange plans to develop markets in gold and grains. • GoldCore: Last week, Arizona lawmakers passed a bill that makes precious metals legal tender. • Michael posted 10 signs that the takedown of paper gold has unleashed an unprecedented global run on physical gold and silver. Most of them were--there ain't no mo'! • Fund manager William Kaye says the recent attack on gold suggests desperate fear among central bankers, and the public's increased physical purchases at lower prices show that central bankers still have failed to destroy confidence in gold as superior money. • Jim Sinclair: The Bail-In has been in preparation officially at least since 2010 with Basel III. It was to become official policy in 2013 and was implemented, according to plan and schedule, in Cyprus. Bank officials have known of the change in policy for two years. • Lee Quaintance and Paul Brodsky of QB Asset Management in New York argue that the industrial world's financial system has pretty much detached itself from the real economy, that public policy is merely transferring wealth to favored from disfavored groups rather than fostering growth. All this and more on...

The Harvey Report!

https://www.tfmetalsreport.com/comment/595604#comment-595604

DayStar

silver66 ¤
Apr 22, 2013 - 11:06pm

Amber room-- a novel

Father in Law gave me this book to read years ago. I enjoyed it

https://books.google.ca/books/about/The_Amber_Room.html?id=zBeDtKCWXIwC

Silver66

maravich44 lakedweller2
Apr 22, 2013 - 11:06pm
The Watchman
Apr 22, 2013 - 11:14pm

How High Can GSR Go/ 61.53 WOW

XAU and Gold Ratios

Apr 22, 2013 23:11 NY Time

XAU

104.29

+1.40

Gold / XAU Ratio

13.69

Gold / Silver Ratio

61.53

-

Gold / Platinum Ratio

1.00


tobydaniel
Apr 22, 2013 - 11:16pm

Future Money Trends guy not super bullish on silver in near term

I respect this guy because he has made some great videos but this one... you cant completely compare uranium with silver. 1st of all, the average person cant take physical delivery of Uranium even though uranium has been trading below the cost to produce for years. He also knows how to get silver for under spot and never pays over $1.50 over spot! Right....

https://www.youtube.com/watch?feature=player_embedded&v=4aAkMQxtksY#!

pensacolawindham
Apr 22, 2013 - 11:40pm

Yes GSR seemly just going to hell!

There are I am sure many ways to make money on silver and gold, but for a simple person using the GSR is quite easy to understand and use when converting back and forth between gold and silver to increase your stack.

I had converted a couple gold coins to silver at a GSR of 65.3:1 and been holding out hoping for a GSR around 50:1 to convert back to gold, but guess from the present looks of the GSR that is not in the foreseeable future. It looks like I may have made a mistake on converting those gold coins to silver now.

Hagarth
Apr 22, 2013 - 11:42pm

IRB Bail-ins Retirement Accounts 100% lost

I have seen and heard very sad stories in my time, but this is reprehensible. IF you click on the Article picture you will get a larger image and I suggest ALL of you Do.

Anglo Irish Bank/IBRC bondholders will actually get some of their money back!

As if on cue, a day after my expose on Anglo Irish Bank and its shenanigans (see Global Banking Crisis - How & Why YOU Will Get "Cyprus'd" As This Bank Scrambled For Capital!!!), The Irish Business Post announces senior bondholders will get wiped out. That's right, a 100% loss! Zilch! Zero! Nada! Now, that's investing. That's getting "Cyprus'd", plus some!!! From Businesspost.ie: IBRC senior bondholders to be burned

anglobondwipeout copy

Of course, the story doesn't end with the bondholders. Exactly as anticipated in the articles mentioned above, and as published in the Irish mainstream media over the weekend...

https://boombustblog.com/blog/item/9067-as-forewarned-the-irish-savers-h...

------------------------------------------------------

There is more to the article, if you have a pension you should read it.

Texas Sandman
Apr 22, 2013 - 11:59pm

GSR

I think during the 2008 timeframe of illiquidity we briefly had a GSR of 80+. Granted, that's an aberration. But if we should see that again, I'll be out selling my maple leafs & philharmonics to buy silver.

Spartacus Rex
Apr 23, 2013 - 12:34am

A Simple Question For All Turdites.

Pardon my asking the following simple, self evident truth/question, however:

Are there still any Turdites on this forum who have yet to discover the two (2) existing provisions in U.S. Law which allows them to further benefit from their act of stacking actual Physical, to legally offset & eliminate any potential U.S. federal income tax liabilities?

My apologies in advance if CALawyer has already previously pointed such out herein.

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” Judge Learned Hand, U.S. Court of Appeals 2nd Circuit

We are all born ignorant, but one must work hard to remain stupid.
Benjamin Franklin

Wisdom is the principal thing; Therefore get wisdom. And in all your
getting, Get understanding. Proverbs 4:7

"vivus spartacus"

csquared13 TF
Apr 23, 2013 - 1:57am

okay, the theory makes more

okay, the theory makes more sense now..the "flywheeling" that andy was talking about?

That_1_Guy
Apr 23, 2013 - 2:08am

Hagarth..good eye!

The ol' rope a dope.

Distractions......from the main show.

Lets argue shoelace colors as the house burns....while we are at it. sarc

GUY

Spartacus Rex Dagney Taggart
Apr 23, 2013 - 2:17am

Cheer Up Turdites, Dagney Taggert

WTH?

“The Israelis thought it was a joke that a US flag was flying on the USS Liberty”

“Everybody who gets both legs blown off is left smiling immediately afterward”

The foregoing is not even remotely funny!

The direct cause and blame for the tragedy which happened to the U.S.S. Liberty on 08 June 1967 lies solely at the feet of Admiral John S McCain Jr. USN (graduated from 18th from the bottom of his class at Annapolis), just as the cause and blame for the tragedy which occurred aboard the U.S.S. Forrestal on 29 July 1967 which claimed the lives of 134 U.S. Serviceman and injured another 161, lies squarely at the feet of his son, LCDR John S McCain III (graduated 5th from the bottom of his class at Annapolis /current U.S. Senator from Arizona) who thought it would be a fun prank to “wet start” his A-4 Skyhawk (dumping fuel into the afterburner prior to ignition). The subsequent flame extending from the A-4’s exhaust caused the heat seeking LAU-10 rocket mounted under the F-4 Phantom across the deck to launch and release pure Hell on Board, and the only way/ reason LCDR John S McCain III managed to get off board ship ALIVE that day was under Armed Guard and because his “Dad” was the Admiral!

What a charmed life you have been blessed to lead Ms. “Taggert”.

I am pretty certain that no one in your family was ever drafted to risk losing their life or limb in “UN Police Actions” such as I Corps @ the DMZ in Vietnam before they were legally old enough to cast a ballot and have any say or vote in the matter, or you would know better than to be so glib, and realize that even sarcasm about certain subjects which resulted in loss of human life, is a sign of disrespect to those who did serve and paid a price!

Texas Sandman
Apr 23, 2013 - 2:19am

Monkeys throwing more caca tonight!

Turd, would you like some tabasco with that hat of yours?

agNau
Apr 23, 2013 - 2:35am

Down, down, .........

and again I say........Down the price goes...... Where it stops, nobody knows. I do know premiums are about to rise again.

agNau
Apr 23, 2013 - 2:35am

Down, down, .........

and again I say........Down the price goes...... Where it stops, nobody knows. I do know premiums are about to rise again.

Texas Sandman
Apr 23, 2013 - 2:36am

Giving american silver eagles away!

But the premium is $30 !

That_1_Guy
Apr 23, 2013 - 2:57am

Question for Cal Lawyer.

I had a friend sent this to me.

I had a once over.....im not a lawyer.

Is this based in reality. I read all the comments. I'm confused.

Video unavailable

Honestly, if you tell me its bulls*&^% Ill listen.

Just want a legal perspective. I respect your opinion.

GUY

achmachat
Apr 23, 2013 - 3:07am

texas sandman

It's different, not just monkeys. Everybody is figuring out that their paper vehicles will only lead to a cash settlement IF they're lucky. They are all trying to sell all their paper metals and buy the real thing with the cash. This explains the current real-world situation of extreme metals shortages, all while spot price keeps going lower.

chinaussiedoll
Apr 23, 2013 - 4:58am

We buy Gold

Back in Australia and for the first time ever in my life got a We Buy Gold flyer in the mail box! Given the appearance of gold buying shops in Greece, the U.S. And throughout Europe this is not looking like a good omen for Australia's economy - especially since "shock, horror" it appears China has been fudging statistics about exports and bank loans.

Think I'll go down to the local motel where the buyers are going to base themselves and check it out - my town is an old gold mining town so interesting things may appear - although personally I think a ride on a post and rail is really the appropriate hospitality for the shysters.

bert3798
Apr 23, 2013 - 7:30am

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