Time For A Break

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 &


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.


About the Author

turd [at] tfmetalsreport [dot] com ()


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

Oh my gosh


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.

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?

Jun 25, 2013 - 11:39am

Sprott online conference call

If you are having difficulty viewing this email properly, please click here:

Gold prices are falling, but gold sales are going through the roof – what is the real truth behind these puzzling developments?

Join an exclusive, free online event: "GOLD: Dead Cat or Raging Bull?" featuring Eric Sprott, Founder and Chairman of Sprott Inc.; Jim Cramer, host of CNBC's Mad Moneyand Chairman of TheStreet.com; Steven Feldman, Co-founder and CEO, Gold Bullion International; Rob McEwen, Chairman and CEO of McEwen Mining Inc.; Doug Casey, Chairman of Casey Research; and Jeff Clark, Senior Editor of Big Gold.

These experts will go beyond the headlines and reveal what their sources say is really going on with gold:


Is gold likely to drop further or make an aggressive comeback in the near future? How should investors prepare themselves?


Why is there such an intense demand for physical gold, despite the fact that the major gold ETFs have been crashing?


Should you own gold assets, and if so, which ones? Are ETFs, gold stocks, or mutual funds still safe to buy?


Why have gold stocks been absolutely slaughtered compared to physical gold? The surprising reasons why mining stocks are (literally) cheaper than dirt...


What will be the "grand finale" of the current market and economic situation? How is it all going to play out?

Free Online Video Event: Tuesday, June 25, 2013, 2:00 pm ET


The conference webinar will be available from Tuesday, June 25, 2013, 2:00 pm ET. It is free of charge, however, to ensure that we have adequate bandwidth to accommodate all viewers, please sign up in advance.

Sprott Inc., a public company listed on the Toronto Stock Exchange, operates through its wholly-owned direct and indirect subsidiaries, including: Sprott Asset Management LP, an adviser registered with the Ontario Securities Commission; Sprott Private Wealth LP, an investment dealer and member of the Investment Industry Regulatory Organization of Canada; Sprott Global Resource Investments Ltd., a US full service broker-dealer and member FINRA/SIPC; Sprott Asset Management USA Inc., an SEC Registered Investment Advisor. We refer to the above entities collectively as “Sprott”.

The information contained herein does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

Forward-Looking Statement
This report contains forward-looking statements which reflect the current expectations of management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this document. These factors should be considered carefully and undue reliance should not be placed on these forward-looking statements. Although the forward-looking statements contained in this document are based upon what management currently believes to be reasonable assumptions, there is no assurance that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and Sprott does not assume any obligation to update or revise.

Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any fund or account managed by Sprott. Any reference to a particular company is for illustrative purposes only and should not to be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any fund or account managed by Sprott will be invested.

Sprott Asset Management
200 Bay Street, Suite 2700
Toronto ON, M5J 2J1

This email was created and delivered using Industry Mailout

You may have to go to their website to register(edit the link works in the article)

I think it will be of value


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...


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.


Jun 25, 2013 - 11:48am

Time for a break

My summer home...I wish.

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.

Subscribe or login to read all comments.


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 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Recent Comments

by lakedweller2, 14 min 30 sec ago
by cashonly, 1 hour 19 min ago

Forum Discussion

by NW VIEW, 3 hours 32 min ago
by sierra skier, 11 hours 50 min ago
by NW VIEW, 11 hours 53 min ago
by Trail Trekker, 13 hours 12 min ago