Time For A Break

613
Tue, Jun 25, 2013 - 10:58am

You know how they say that dogs can sense an impending earthquake? Don't you kind of feel that way these days? I know I do.

First, it seems that everything is down. Stocks. Bonds. Commodities. Every currency. If there's a market for it, it's being sold. The only thing that is consistently rising this past week is The Pig. And once those dollars are bought, where are they going? Apparently nowhere. Very strange. Almost ominous.

Then you've got very knowledgeable folks like Bill Holter at MilesFranklin blaring the alarm with columns like this: https://blog.milesfranklin.com/the-great-unwind-has-finally-arrived and this: https://blog.milesfranklin.com/the-button-has-been-pushed-ready-or-not

We've got Santa, who is clearly very, very nervous. He's practically begging you to meet him somewhere for a discussion: https://www.jsmineset.com/2013/06/24/chicago-vancouver-and-scottsdale-qa-session-tickets-still-available/ And he keeps posting messages urging you to Get Out of The System (GOTS) as quickly as possible. Just yesterday, he linked two articles which you really do need to take some time to consider:

https://www.leap2020.eu/GEAB-N-76-is-available-Alert-for-the-second-half-of-2013-Global-systemic-crisis-II-second-devastating-explosion-social_a14266.html &

https://www.valuewalk.com/2013/06/u-s-banks-crisis-plan-fed/

There are items such as this, which I found at ZeroHedge: https://kunstler.com/clusterfuck-nation/mid-year-digest/

And Chris Martenson, who I know to be a very wise and sober fellow, got into the act, too: https://www.peakprosperity.com/blog/82210/everything-being-sold

So here we are. Look, I don't know if the financial world is ending this week or next or even this year, but I do know that the current system is unsustainable. To that end, your only financial protection is the physical possession of gold and silver. Not paper derivatives. Not ETFs. Not a basket of mining stocks. Physical metal, in your own two hands.

For those of you upset about the current, eight-month decline of fiat-conversion value, I'm sorry. If having gold and silver consistently move higher in terms of dollars would make you feel more comfortable, I regret that that hasn't happened for you. If you are sitting upon unrealized losses which makes you feel uncomfortable, I apologize and I wish I could make it different for you. But I can't.

However, you need to remember that we live in extraordinary times. Those spouting disinformation about the future price of gold are either hopelessly misinformed or deliberately trying to mislead you. The global forces at work behind the scenes have been in control and remain in control of the paper metal market. The past eight months have been a coordinated effort to crush price, thereby freeing physical for immediate delivery and allowing The Bullion Banks to cover paper short positions, transferring the future risk and liability to the Specs. This has now been accomplished and I firmly believe that we are very near a price bottom.

One day, very soon, paper price will reverse and head higher. Then, one day in the future, paper price will no longer exist as price resets multiples higher with the emergence of a new global financial paradigm. Please understand: THIS IS NOT AN OPPORTUNITY FOR "PROFIT". This is simply an opportunity to protect and defend all that you have accumulated to this point in your life.

To that end and to personally prepare, I'm going to be taking a few days off. Over the next two weeks, I'll still post from time to time but I'll also be sharing some "guest posts" from a handful of your favorite site regulars. Then, come next month, I plan to make a few changes to the way we do things around here. Nothing earth-shattering but necessary changes, nonetheless.

In the meantime, stay alert. Now is not the time to be complacent. Trust your instincts and use your brain. Double-check that you have acquired enough physical metal and consider buying even more. The End of The Great Keynesian is upon us. Please continue to prepare accordingly.

TF

About the Author

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

  613 Comments

Dyna mo hum
Jun 25, 2013 - 11:22am
The Green Manalishi
Jun 25, 2013 - 11:22am

Oh my gosh

Unbelievable.

PLEASE, if anyone receives some sort of notice of charge or impending charge from Gonzalo's "Echo Chamber Media", contact your credit card company at once and inform them that you are being fraudulently charged and ask them to immediately reverse the charge.

I am so very sorry for this fiasco and inconvenience.

unthought known
Jun 25, 2013 - 11:25am

Bill Holter

Reading Bill Holters articles are akin to reading how great the real estate market is written by the National Realtors Association. So far, the only guy to listen to is Martin Armstrong. Guy has been dead on..

The Green ManalishiTF
Jun 25, 2013 - 11:27am

RE:Oh my gosh

Don't worry Turd - not down to you, it appears Gonzalo Lira is nothing more than a con man.

Willy
Jun 25, 2013 - 11:34am

This is crazy

As a holder of a lot of PM Miners, it's just another day where I want to yell Faaaaaaaaaaaaaaaaaaaaaaaaaakkk! The HUI is currently at 218. It was trading at 218 back in 2003!!!! What was gold then $350 I'm guessing??? All I can say is are you serious?

silver66
Jun 25, 2013 - 11:39am

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I think it will be of value

Silver66

Excalibur
Jun 25, 2013 - 11:39am

Should be able to raise a posse

I’ll get to the punch-line of this page imme­di­ately: I have lost con­trol of the Debunk­ing Eco­nom­ics sub­scrip­tion web­site to my so-called part­ner Gon­zalo Lira, and I want to shut it down. Since I am unable to do so (as I will explain below), I can only advise peo­ple NOT to sign up to this site. When I man­age to regain con­trol of it, it will revert to sup­port­ing my book Debunk­ing Economics. - See more at: https://www.debtdeflation.com/blogs/debunking-economics/#sthash.ctWIDvSa...

https://www.debtdeflation.com/blogs/debunking-economics/

Hagarth
Jun 25, 2013 - 11:46am

Agree with unworkable markets

This news is as odd as I can imagine, Barclays and Royal Bank want non HFT trading platforms? Kick me in the teeth and call me Nancy, my guess was they liked and used HFTs.

Royal Bank, Barclays among backers of new Canadian market to rival TMX Group

TORONTO - Several major financial services companies, including Canada's largest bank and two major Canadian mutual fund operators, are planning to set up a new stock market that they say will provide meaningful competition to TMX Group (TSX:X).

Among the companies behind Aequitas Innovations Inc. is Royal Bank of Canada (TSX:RY), mutual fund operators CI Investments Inc. (TSX:CIX) and IGM Financial Inc. (TSX:IGM) and the U.K.-based Barclays banking group.

The venture would be an alternative to the Toronto Stock Exchange and other markets owned by TMX Group, which is controlled by a different group of banks, pension funds and financial services companies.

Aequitas says it intends to introduce meaningful competition, reduce costs and improve market efficiency through innovation.

In particular, it's promising to promote "true and reliable liquidity" to traditional investors that it says are at a disadvantage with current markets that cater to high-volume trading activities to generate revenue.

"Through Aequitas, we have a compelling opportunity to create a level playing field for both retail and institutional investors by challenging certain predatory high frequency trading strategies which have impacted the quality of existing equity markets," said Greg Mills, who is chairman of Aequitas and co-head of Global Equities for RBC Capital Markets.

Aequitas makes a distinction between "predatory" and other high-frequency trading activities, saying some types impair small-scale retail investors and institutional investors representing pension plans and mutual funds.

"As marketplaces cater to volume, they can damage the quality of execution for those who actually want to hold something at the end of the day," Scott Penman, vice-chair of Aequitas and chief investment officer for IGM's Investors Group.

https://ca.finance.yahoo.com/news/royal-bank-barclays-among-backers-cana...

meegoreng1
Jun 25, 2013 - 11:48am

Time for a break

My summer home...I wish.

realitybiter
Jun 25, 2013 - 11:51am

"Bail In"

The "Bail In" situation is right there, in your face, pointing to the fence, and yet, no one cares. Like Nazi Germany, laws were changed and then it was all legal. Folks just went along...."Bail In" is just MF Global, but with paperwork. They take your deposit and you get to own shares in a bank you never wanted. I am amazed that this is not a bigger issue with folks. If your bank deposit is at risk (returnless risk is the Jim Grantism on treasuries) then all is at risk. Without sound banking you have nothing. Yet, Wiley Coyote happily spins his legs with nothing but -7000 points of DJIA underneath him. There was Cypress. Last week there was an academic presentation by an American banker stating the virtue of the Bail in. Now there is this Citi, HSBC, and other mega bank presentation. Its right there, in your face. Want to buy some bank stock at 1000 times its worth? Leave your money in the system. Bankers could not care less about their stock price. All they care about is making a couple 10s of million dollars a year. They are not motivated by share price. Hence, they only want to keep the corpse alive, forget the stench of the dead beast....just give me my bonus. So what can you do? Get away from banks. Be your own central bank. And wait until the wreckage quits moving. In 2011 Santa said "you cant handle the volatility that the gold market has in store for us, both up and down".....pretty much nailed it.

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