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

ag1969
Jun 25, 2013 - 9:51pm

Does anyone own these?

Just wondering as I am thinking of buying a tube this evening to celebrate this glorious dip.

https://www.providentmetals.com/2013-1-oz-suriname-silver-coin.html

Dyna mo hummeddle magic
Jun 25, 2013 - 9:52pm

@meddle magic

The down draft will stop when the all powerful decide to let the down draft stop. Total control is an awesome force till it is not.

RoarkNephi
Jun 25, 2013 - 9:54pm

@Nephi

I feel your pain, but remember that down never lasts. If they followed your advice trying to make a big, quick buck, they were not listening. Physical metals are about wealth preservation and incremental gains in the long-term. I think most people who try the "quick and dirty" strategy lose money in the short term, unless they are playing with paper in the casinos, in which case they stand to lose it all when the house folds and takes their chips with them.

billwilsonNephi
Jun 25, 2013 - 9:59pm

the end

well if they keep this up at the same rate as today GLD will be empty in about three more months. That should do it.

We are already starting to see miners laying off staff, and if the price does not turn soon, some will go under. We will also see miners start to hi-grade to try to survive and that will cut the supply of physical to an already under supplied market ... then you have China where the banks are shaky ... nice incentive for them to buy a bit of the yellow stuff.

But the bottom, the turn, the rebound ... could happen any day, even tomorrow. BUT we need investment money flowing into the pool, especially the miners (which are being run through the ringer by HTF traders every day now). Since most are getting quite cheap, once has has to think the time will be soon (normally late July)

Hammer
Jun 25, 2013 - 10:01pm
Bugzy
Jun 25, 2013 - 10:04pm

ermm about this offshore business

Seems to me THEY want you all to scream about it is not fair to be able to put your money in a HAVEN; read take money out of your country. It should be banned OUTRAGEOUS!!!

No my friends all these dealings with courts etc is about admiralty law and settlement - ie they get YOUR money; read slave labour hours.

THEY want you to come up with a nice solution to the TAX cheats. The fact that I can store my money in a jurisdiction that this country and this government cannot reach is in my opinion a good thing. If push comes to shove I can just say, to hell with your daft laws and leave.

Freedom always brothers (and sisters). Be careful what they get you to wish for.

Having assets offshore does not make one a tax cheat. It does however maintain a level of personal sovereignty.

Folk demanding capital controls - because it is fair... Erm, no. Shrink gov, stop lending money into existence, free everyone from slavery. It is really about debt slavery and not how much slave tax that can be collected.

Mickey
Jun 25, 2013 - 10:09pm

it's difficult to deal with

but the problems we have are well beyond the value of dollar or gold. We discuss it here probably more than most other places. But we are dealing with the loss of our freedom. We will be pitting people against people.

Just look at all the issues.

Now back to gold and silver--whack time and the frustrating part is nothing else getting whacked. Oil down 26 cents, dollar down a few pennies. dow futures down around 30, nikkei down 1%, treasury bonds down a small fraction of a percent.

be careful--when this reverses it will be due to a significant problem. And the move up will be sudden and significant.

Our problem is how do you stay in without getting hurt. Maybe the question is how can you be out. I am lite metals and getting nervous being lite. When this falls apart it will be because they totally lost control, suddenly. The article about calif pensions at fox is not new--but not becoming cold reality.

I am afraid to buy futures on gold for obvious reasons, I am afraid to buy calls on gld and slv. Maybe buy calls on miners.

This country is about to get back to basics--maybe the global economy is about to get back to basics.

So It Goes
Jun 25, 2013 - 10:11pm

Hong Kong Open

I have been following the gold price for over 4 years now.

I don't think I've ever seen the metals tank at the Hong Kong open. At least not like this. It's got to be a rare event. Anyone remember seeing anything like this before?

It may be an important data point. Could it be that a large entity or entities are selling big time to run sell stops so that there will not be as many longs standing for delivery? Could it be that paper gold is being discounted in relation to physical gold because the paper is becoming worthless as folks realize that there is very little physical standing behind the paper? We need to watch for new shortages and rising premiums.

Anyone got dry powder to buy this dip? Could be a last chance.

So it goes.

Mickey
Jun 25, 2013 - 10:15pm

More: I am tired of

the government telling me to wear seat belts--I will do it because its smart to do

the government telling me to have water saving features. I have them because it saves me money for many faucets but not all--

the government telling me to have energy efficient bulbs-let the free market take care of that with great technology.

the govt mandating carfleets from mfg getting 50 MPG. It will happen when the people want it.

Who says govt is smarter than we are.

and it goes way beyond the above little stuff--perhaps govt should spend more time on fixing problems rather than creating new ones.

dumpsterMickey
Jun 25, 2013 - 10:17pm

basics my foot

buy silver gold stop playing the paper game

1.4 quadrillion in derivatives, 1.4 quadrillion in depravities ...

pray tell how do we get back to basics

85 billion a month just to keep slogging along

so may are just thinking its a little game that the fed will reverse and keep going

apparently you basic understanding of economics stops with the Keynesian view point or for that matter no understanding.

just wait .. nothing to be done now . just buy real on dips if you have the coin

the last 12 years should have given you enough time to buy real instead of pizza

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 10/14

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

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Recent Comments

Forum Discussion

by NW VIEW, Oct 14, 2019 - 9:10pm
by Trail Trekker, Oct 14, 2019 - 8:32pm
by Trail Trekker, Oct 14, 2019 - 8:27pm
by NW VIEW, Oct 14, 2019 - 8:01pm
randomness