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 ()


Spartacus Rex
Jun 25, 2013 - 7:37pm

OH Canada!

How Canada's banks help money move in and out of tax havens

Canada's banks have 75 subsidiaries operating offshore from Switzerland to Singapore

By Nicole Reinert and Zach Dubinsky, CBC News

Posted: Jun 25, 2013

Scotiabank has had a branch in the British Virgin Islands since 1967. (CBC)

The murky world of offshore finance physically resides mainly in tropical islands, but it is not a world unto itself. As the recent leak of secret tax-haven files attests, offshore havens rely for their existence on the financial infrastructure of the big wealthy countries.

And in Canada, our banks play a role.

Scotiabank's name appears 1,839 times in the leaked offshore files. Royal Bank comes up more than 2,000 times. CIBC is named in 1,347 leaked documents.

The leaked records are full of examples of money moving into and out of offshore havens via Western-world banks, or of those same banks setting up accounts for offshore companies, or providing essential assistance to do so.

Canada's big banks have, as a group, 75 subsidiaries in locales considered to be offshore havens. There are CIBC and Scotiabank branches in the British Virgin Islands, Royal Bank affiliates in Jersey, an arm of the Bank of Montreal in Luxembourg and a TD presence in Bermuda and Barbados, for example.

Here are four ways big banks can help move money offshore: Continued @ https://www.cbc.ca/news/canada/toronto/story/2013/06/24/tax-havens-big-banks.html

Jun 25, 2013 - 7:39pm

Re: Snowden

Everyone wants to know: Is he a spy? Is he working with a foreign gov't? Will he be extradicted? Where is he going? What is his background? What will he be charged with? Blah, Blah, Blah

The only question anyone should care about is: Is what he revealed true? I believe it is and I believe what he has revealed is only the tip of the iceberg.

Under the old USA Justice System, Snowden is innocent until proven guilty. If what he revealed is true, then we have an unconstitutional government and tyranny. We have an entire Congress that has violated their oath. We have a President that should be impeached.

As we all know, there are many more things on the list than just PRISM. We have rigged elections, unconstitutional wars, unconstitutional taxes, unconstitutional money, Obama's kill list, the suspension of due process, rigged markets, poison food, fast and furious, Benghazi, IRS Scandals, Bankers above the law, and much, much more. All of these things, not too long ago, would have been considered pessimistic conspiracy theory, and now they all seem to be true

Despite all of this, all that the sheeple want to know is where Snowden is going to be on the next tweet. They could care less about what he has revealed to the world. When will I switch to optimism again? When my fellow countrymen relearn that actions speak louder than words.

Jun 25, 2013 - 7:43pm


Sorry, but I had to post this...


Got the link from a banner on that Onion article. ;-)

Just A Regular Guy
Jun 25, 2013 - 7:44pm

@ Howard Roark

Thanks for the tip/update - previous douchebaggery comment redacted!

Jun 25, 2013 - 7:47pm

@ Dagney

You'd think that would be a "duh" investment decision. Isn't the idea to buy low sell high?

Dagney Taggart
Jun 25, 2013 - 7:51pm


Fine. I'm buying everything that has fallen 65% to a point 20% below it's production cost. But maybe that's just me.

PS. Since it came up earlier, Chris Duane seems like little more than a whiny former used car salesman. Is he on Update #485 on the Rob Gray swindle yet? Get over it! And now he's offering his loyal followers some limited edition BS silver for $100? Sounds like he's trying to pass his loss off to his loyal followers. Very honorable. Sure, his videos are instructive but this is only how he establishes credibility and gets people to lower their guard. Well done. Now he and Rob Gray should go back in business together.

Keep it simple and stick with the 999+ recognizable rounds and bars with minimum premium. Stop wasting money on swindles. The metal is what matters.

argent rampant
Jun 25, 2013 - 7:56pm


OMG! YES!!!!!! The story is NOT about Eric Snowden!

The story is about what he revealed. How long will it take for the MSM to get that???

He accused our government of violating its charter (the Constitution) and violating the trust of its citizens and all anyone seems to care about now is "Where is Snowden going?" Makes me want to scream!!!

Jun 25, 2013 - 7:59pm

Broke Junior Miners

Yes! that is what I've been kicking around my head for weeks now!
juniors down due to price... seniors step in..get the ore to save their arses...

Jun 25, 2013 - 7:59pm


I believe soros bought call options on gdxj.

maybe this is a hedge - just in case the russians or chinese have other plans....

Dagney Taggart
Jun 25, 2013 - 8:02pm


Actually the new norm is the opposite: to take a loss for tax reasons.

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