A Pattern Emerges

229
Wed, Jul 10, 2013 - 12:14pm

Because I'm still adjusting to the time change coming off of my vacation, I found myself tossing and turning last night when I suddenly came to this realization. Though not on the level of Dr. Emmett Brown after hitting his head on his bathroom sink, I think you'll find this interesting, nonetheless.

As you know, The Bullion Banks have engaged in a relentless campaign to lessen their exposure and potential liability in paper precious metal. Since the announcement of QE∞ last September, price has counter-intuitively fallen by over a third from near $1800 to below $1200. All the while, The Bullion Banks have decreased their total net short position in paper gold from 737 metric tonnes to less than 70 metric tonnes (from the CoT survey of 7/2/13). From a chart perspective, it looks like this:

Now, look closely. See anything? No? Look again, even closer. Do you see anything now? Do you see any type of pattern?? I must admit that, prior to last evening, I hadn't seen it, either. But it's there, waiting for you to discover it.

OK. What if now I gave you this? Take a look at the chart below with some notes made upon it. Now what do you think?

Hmmm. Well that's interesting, isn't it? Yes, price is down by over 30% from last September. However, almost all of the decline has taken place during the five calendar months of October, December, February, April and June. In fact, as you'll see below, the vast majority of the decline has occurred during the middle of those months. Hmmm. That's interesting, too.

Now before we dig further, what if I gave you these two charts?

So, now, let's go back to the current decline. What is so special about the months of October, December, February, April and June? I'll give you a few moments to think about that before we continue...

.....

.....

If you guessed, "They're Comex delivery months, Turd!", then you win today's prize! Yes! Those months are, in fact, "delivery" months for The Comex. Recall that the active futures contract is always the front month for delivery. Currently, this is the August13 contract. As of Monday, it had a total open interest of 206,000 contracts and it will stop trading and have it's First Notice Day on July 31. Anyone holding a contract after that date must show their intent for delivery by providing 100% margin in their account. Deliveries to eligible contract holders will then take place through the month of August.

Still with me? Good.

This same process occurred back in September for the October12 contract. First Notice Day was at the end of September and deliveries took place through October. The price of gold peaked at $1796 on October 5 but managed to hang in there for another week or so. But then look what happened and note the exact date:

DATE PRICE GLD TONNAGE

10/12/12 $1773 1,340.52

10/24/12 $1699 1,336.90

10/30/12 1,336.30

So, what do we see here? Near the middle of the delivery month, price began to drop rather steeply and a little bit of gold was shaken out of the GLD "inventory". Then, after a decent rally in November, price began to decline again once we flipped the calendar to the delivery month of December. Look what happened and, again, note the date:

DATE PRICE GLD TONNAGE

12/12/12 $1723 1,351.42

12/20/12 $1635 1,350.52

12/28/12 1,350.82

And now you're thinking, "OK, Turd. What's the deal?". Well, let's continue, shall we? Again, please note the date:

DATE PRICE GLD TONNAGE

2/11/13 $1669 1,326.89

2/21/13 $1555 1,290.31

2/25/13 1,272.85

Well, that's interesting. This time, the mid-delivery-month decline shook out over 50 tonnes of gold from the GLD. "Hmmmm. I wonder what would happen if we tried that again?"

DATE PRICE GLD TONNAGE

4/12/13 $1564 1,158.56

4/16/13 $1321 1,145.92

4/29/13 1,080.64

"Wow. This is awesome!", the Evil Ones said. "We hit price in February and shook out 50 tonnes. Then, even while price was stable from 2/21 - 4/12, we were able to grab 114 more. Finally, by breaking price down through the floor at $1525, we got 75 tonnes in April! What a deal!!"

Once again, price was relatively stable mid-April to mid-June, while no Comex deliveries were taking place. Then look what happened, again paying special attention to the date:

DATE PRICE GLD TONNAGE

6/12/13 $1394 1,009.85

6/28/13 $1181 969.50

7/9/13 939.75

So, what is the lesson here?

  • The Bullion Banks have utilized the manufactured price drop to lessen their exposure and potential liability in paper gold by over 90%.
  • This resulting "discount" in paper price has led to a surge in global physical demand. For example, see here: https://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=197040&sn=Detail
  • However, Registered and Eligible Comex inventories are dangerously low. As of yesterday, The Comex showed 224 tonnes of Eligible and just 35 tonnes of Registered (ready for delivery).

What to do, what to do? The plan is clear! Raid price during the delivery month!! Create the selling and panic necessary to shake loose tonnage from the GLD. Use this gold to settle delivery obligations, not only in New York but London, too. Once the current delivery "crisis" has passed, leave gold alone to wallow and flounder, only acting to cap price whenever necessary to keep the downtrend in place. Once the next delivery month arrives: Wash, rinse and repeat.

Going forward, this likely means that we're "safe" for about another month. Besides, it's summer and we're in the middle of vacation season. Aside from the occasional short squeeze or price plunge, the pattern suggests that gold will be stable between $1250 and $1350 until early August. But then....watch out!

Forewarned is forearmed.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  229 Comments

57Goldtop
Jul 10, 2013 - 11:06pm

Buzzkill

LOL. Fix, did you take over GL's account?

OK, Green Lantern, cheer the heck up. Put on Breezin or something.

I can't argue with your points, but you did a walking bass line past the essential part of working with nature. Permaculture gardening, ionic silver, wild yeast bread (and I hope goat farming if I could be so forward as to speak on the KR's behalf)... nature does some things so perfectly that the human soul is healed by assisting nature as it follows its intended direction.

Humans often interfere with what we're doing... they messed with the wheat and the bees, they messed with Katie's feed, some say they're messing with the weather, and they're certainly messing with whatever a free market would be.

But the gardener, farmer, and breadmaker all share a foundation of peace because we've learned nature's intended direction. And yet it teaches new lessons every day because we'll never know it all. 

So sure, this mother's gonna blow. But unless you pack my Benz with C4, I'll still be guiding nature to do its thang.

Peach. I put a quarter in the juke for you.

treefrog
Jul 10, 2013 - 11:13pm

bees

honey bees are important pollinators, but not the only ones. check out mason orchard bees. these are a type of bee that is not colonial (doesn't live in hives).

they need special conditions to reproduce and multiply, most especially hollow reeds in which to lay their eggs. it is possible to encourage your local population of mason orchard bees by providing them with nesting sites. bundles of plastic straws work well, and there are other choices available on the web. google "mason orchard bees."

it takes a while to build up your local population, so get started now.

not as good pollinators as honey bees, but waaaaaay better than no bees. think of them as the second string on your team.

how to raise and manage mason orchard bees for the home garden:

https://www.ces.ncsu.edu/depts/ent/notes/Other/note109/note109.html

https://gardening.wsu.edu/library/inse006/inse006.htm

ReachWest
Jul 10, 2013 - 11:19pm

Tired but Ready to Carry on,.

I grow very tired of the silliness.

The harsh reality ... is that Gold and Silver is/are money. That is frankly what "they" want us to forget. The bits of paper that the FED creates - no - not so much - these floating pieces are not really money. They are bits of nothing - bits of nada - bits of a by gone era. Yes. I can tender these bits for something today. But tomorrow? Perhaps not. Perhaps it will take real money - real value - perhaps. Soon ... 

agNau
Jul 10, 2013 - 11:30pm

Not just for entertainment.....

Actually quite relevant for some time....... and going forward as well... Thinking about what has been happening.....and what is coming. And this scene came to mind. www.youtube.com/watch?v=sNj8mJq65i4 Change some faces and lines and it fits.....and the overall scene states what is and what is about to be.

Mickey
Jul 10, 2013 - 11:42pm

Bernanke comment

buried in there but reported by someone was that Bernanke stated that actual employment situation worse than reported.

They know whats happening-its probably real bad. 3rd qtr gdp being reduced--as john williams stated, there is no recovery, gdp is probably overstated, unemployment is understated, inflation understated. Printing out of control, and due to treasury borrowing from pension the debt is "frozen".

Govt is fooling us and themselves. And we will see the data of reality soon which will cause another leg up in metals.

DBean
Jul 10, 2013 - 11:55pm

Santa in Chicago

Been a little too busy to write this down sooner...my notes are a little cryptic but hopefully make sense and are of some interest to you.

Biggest risk is bail-ins. It is a recognition that the money isn't there. 83% of funds in Cyprus were blocked in some way. It is a total freeze of business.

There is an undeclared loss in the western banking system. It can go on for a significant time yet. Said we have time...it's not happening tomorrow. Bernanke protected depositor the last three years through bailouts and financing European swaps and bailouts. FDIC/SIPA cannot guarantee all deposits. Do something with the mechanism of how you hold your funds. Spent a lot of time talking about who's name is on the shares you hold, the DTCC system, Cede & Co. Said custodians like Schwab will do what's legal...your shares held in custodians name is safer than the DTCC but not as safe as your name on the share.

Metals storage: Store with someone with ethics. No secrecy or privacy exists any more. Biggest embarrassments will be when storage facilities turn out to be less ethical than they thought they were. Diversify. Talked some about Switzerland, Singapore, Hong Kong, Taiwan.

Everything positive for the Yuan is negative for the dollar. The Chinese system is not coming apart. Yuan is currency most likely to be bought by other bankers because they will protect it.

Find low cost mining companies that are cost conscious...recovery will be spotty in mining. ETF's: Read prospectus and find out what they CAN do. You are speculating on things you don't read. Was upbeat about his mine. Has 4-5 projects going into production next year.

This is systemic around the world. Force Majure will be a default. Exchanges won't default., they will change delivery. "They" will not let it go to zero.

Gold is a fractional system like banking. As long as paper gold is viable trading..as long as you don't have to put up gold to buy or sell it. The the degree it emancipates is the price. Gold action is not the action of a free market...it is the action of a manipulated market. Gold will not be convertible. It will be like a necklace..like a piece of jewelry. Reset--a new system will move gold forward but it won't be convertible. This week is very important in the bond market; it will be fight or flight...seems they want to fight. Every tactic has it's issues.

He mentioned Nenner for cycles and Rambus for charts. Thought from Aug. until into 2014 would be a rally. Then "they" will do it again in Aug.2014. After that, another rally into full valuation. Reset around 2020. (I'm pretty sure this has been on his site too).

He spent quite a bit of time talking about the difficulties and consequences of leaving your country, family, friends and culture. He seemed to favor staying put but having a backup plan (but, I admit to being a "bloom where you are planted" person...someone else may have heard something different from this discussion). He did say to build some personal relationships with your local bankers. Expand your banking relationships and diversify.

Regarding a question about preservation of wealth he answered "what is safest is the most dangerous". Gold is for savings...a % should be in physical. If people can't stand gold it won't work (I don't have better notes or a better understanding on that statement).

Lastly, he said "be careful in your desire to help people you don't hurt them".

I know there was a comment tonight that Santa should just shut up but I guess everybody has an opinion. Santa really didn't say things much different than he writes on his blog but it was not nearly as scary listening to the give and take as reading the blog. He's a good speaker...no notes...quick with a joke.

Occasnltrvlr
Jul 11, 2013 - 12:51am

OT, Very Sorry

For all the crap Brits have put the world through, I personally have one reason to extend thanks: "Eng-gress".

Damned if I don't only know one language, but, doggone, is that ever the right one to know.

boomer sooner
Jul 11, 2013 - 12:52am

Am I missing something

WTI busting 106 and Brent has a ball and chain - 108. If turbulence in Egypt is what is driving Oil, then why is Brent barely moving?

Any spread to trade here?

Awesome post with great upmove tonight. Maybe gld getting low for comfort

waxybilldupp
Jul 11, 2013 - 1:02am

Lots going on ...

Brain is spinning after getting caught up on comments.

Bees: I usually don't see to0 many honeybees around the Dupp estate, but there are always some. The grounds are planted to attract bumblebees from April (fruit trees) until October (asters). My son loves to watch them. This year, I can could on 1 hand the number of honeybees seen and bumblebees have been scarce. Right now, the roses alone should have dozens of bumblebees on them but I'd be lucky to see one at any given time. I have 7 apple trees and one doesn't have a single apple .. not ONE. Last year it probably had a 500+. Very strange.

What the hell did the bearded one have to say that jacked equity futures and PM prices? Happy about the PM price increase but continue to wonder about the equity levitation.

Pigetha getting stepped on big time. Bonds down a bit last time I checked. I just have to smile. When you absolutely know you are on the right side of a trade, that's all you can do ... smile. Just need to be patient and watch it all play out.

Today was one of those days where I spent the whole day disconnected from the B as in "B", S as in "S". Took my son the the zoo and we had an absolutely perfect day. The weather could not have been better. We had a pleasant stroll around the grounds looking at all the critters, particularly watching for moose, buffalo (bison), and anything with antlers (reindeer). Then, continued on to big, giant gun/sporting goods store. Added 600 rounds of .223 to the stash that I didn't expect to find. Found a clearance priced ($109 vs. $249 original) .177 pellet gun that I needed. Wanted one for quite a while. Great outing for #1 son and I. 

Silver bumping it's head on $20. Still seems really cheap. Right now, my focus is on other preps. Glad to get the Pb /Cu. A handy practice/varmint toy made me smile. #1 son having a great day really made me smile. As Louie would say, "What a wonderful world."

What a wonderful world - LOUIS ARMSTRONG.

wax off

twippers
Jul 11, 2013 - 1:07am

Santa delivers

It was a real treat watching Jim Sinclair in Vancouver today. Seeing him in the flesh was inspiring. He's a great speaker and sharp as a tack.

The best part of the entire day was taking a quick look at the metals charts during the middle of the talk and seeing the big pig down over $2. That alone made the event worth the price of admission. It would be great to have today as a turning point in the price of metals. Who would ever forget that??!!

SaratogaPrepper
Jul 11, 2013 - 1:07am

I feel

a Big Yellow Hat Contest coming on.

Occasnltrvlr
Jul 11, 2013 - 1:29am

A Moderately OT, Late-Night "FWIW" Post

Okay, you probably don't care. No problem, no hard feelings.

Over the past several years I've read hundreds of authors, and tens of thousands of articles, blogs, posts, and comments.

These are my top five, in no particular order (Sir Turd excepted; one needn't state the obvious ;-):

Ann Barnhardt

Paul Craig Roberts

Jim Willie

Chaplain Lindsey Williams

Catherine Austin Fitts

No one sees the overall, full picture. But these folks all have both vision, and insight. It is my opinion that, collectively, they paint the picture of our future.

Thanks for considering my opinion.

ReachWest
Jul 11, 2013 - 1:38am

Silly wabbits - gold up 25

Silly wabbits - gold up 25 fiats in late night trading and crude up to ... OMG .. More than yesterday ... Good golly miss Molly.. 

wouldyoubelieve...
Jul 11, 2013 - 1:58am

WHOA!!!!

Blythe is gonna be whipping her monkey men tomorrow, silver up 4%, this is not allowed!!!!

JackPutter
Jul 11, 2013 - 2:03am
twippers
Jul 11, 2013 - 2:36am

Santa's message

Jim Sinclair had a simple message for us all today.....

brennan Occasnltrvlr
Jul 11, 2013 - 3:09am

couple more good commentators for this list

@Occasnltrvlr

I enjoy most of the folks on that list. Paul C. Roberts and Catherine A. Fitts have bona fides few can match. Jim Willie probably has it more on point than most also. To tell the truth, I often just troll tfmr/comments/recent and look for interview clips... here are a few more sources to consider: 'V' the Guerilla economist and 'Dex' the Vulcan . They are hard to find podcasts of, but worth a listen. 'V' is usually on the Haggman report, every couple of weeks, and Dex is on the WideAwakeNews youtube channel (/user/crabbydogtrix - https://www.youtube.com/watch?v=bLuodamsXb8 - ). Both are 'insiders' with uncommon details. and they get to the point a lot quicker than Lindsey Williams. The other goldbugs I never miss is Andrew Gause - he has a regular show on oneradionetwork - every wednesday morning : the real world of money. Can't go wrong with David McAlvany on Wednesday mornings also, for good measure. consider this list as well. As Chris Duane puts it so well: 'listen to all; follow none'.
 Peace 
Magpie
Jul 11, 2013 - 3:31am

Monsanto-resistant bees seized and killed by Illionois officials

Illegally.

15 years of research destroyed.

https://foodfreedomgroup.com/2012/05/22/illinois-illegally-seizes-bees-r...

(I think this might have been posted back in May, but it seems relevant, again.)

YaMasuta
Jul 11, 2013 - 3:57am

Weak up Sleepy Heads - Silver is on fire

I saw it touching 20.27 on futures - Now hopefully the shorts will get stung and try to stay away from the bee hive. Mr. Ben wants to be a God and challenge God for creating something from nothing (money from thin Air). These people at the FED and NSA and others like them always want to challenge God in creation, in trying to be the all hearing all powerful but we must remind them that they are actually Satans and Demons and will certainly live for ever but in the abyss of hell. Those demons created Hell for people on this beloved planet called Earth. The demons has spread their mischief East and West, North and South and to Hell they shall go when judgment day arrives and it will. They are obsessed with control and that is why they try to measure everything because once you can measure something you can have control over it and the only thing that is outside of their little finite world is the unmeasurable Infinite (GOD) so they try to pretend they are GODS. America and the world need to be saved from those Human Satans and only Human Angles can fight Human Satans. This battle will go on ad Infinitum and so choose your side and gear up. Your gear is your strong belief system and your moral values. People talk of financial crisis of the 2008 but I tell them there was no financial crises and today we do not have financial crisis; what we have is moral crises. Moral crisis necessitates all crises including financial. 

With the amount of money they printed they could have made everyone rich and then everyone would go and buy houses, cars and other worldly things but NO they want to enslave people and steel their energy (their youth) and they want to enslave our children and their children, they want to be GODS. The demons of this world has actually declare a war on God by enslaving his own creation and destroying the balance of this universe. There is so much suffering in the world right now and so much violence that one will wonder if we are truly humans. Our children demand from us to be moral and to protect the world we live in so they can thank us and not curse us. It is time for an R-evolution to outcast the demons who destroyed almost everything they touched because they want control.

All this money sitting in the banks and elsewhere by the so called Rich (Modern Thieves) are not needed to sustain the live of a few demons. How many billions one needs to sustain life; the answer is NONE. 

If you want to understand the current system in place you have to see who controls the Money and why, who owns the BANKS and why, who owns the media in all of its forms and why. The answer to these questions is found in one group. This group of demons wants to control your definitions of the WORDS (meanings), your values, your perceptions, your fears, etc.. However, first THEY have to measure all of these things in order to control them. These demons wants to flip the scale set by the creator of this realm so they can benefit from it and enslave others. Because if we use the creator scale there would be no enslavement and this is not acceptable by any demon standard. This is why they created this so called financial system; it is their system and follows their rules to maximize their energy stealing from everyone. However, their system is not under control and they are now playing with measurements to show you that they are in control; remember "IF you Can Measure it You Can Control it". I am a NASA and Silicon valley scientist who understands how the rules of this universe work and these demons hate these rules because the rules (the Equations) of this universe always try to restore balance and demons hate balance; they want imbalance. Mr. Ben and company wants to distort the equations of all financial measures in order to show that THEY are in control because human bow to those in control.

Dictatorship in America is here but takes a different form (Read the book Deterring Democracy by Chomsky). However, if the situation necessitates then THEY will polymorph into the standard form of dictatorship but that will be the END game the true annihilation of THEM.

The situation around the world necessitates great scholarship and knowledge to discern the signals necessary to act. My teacher always told me that I must learn the art of reading signals; signals are what guide ones actions and directions. If you are driving on the highway and you do not possess the art of reading road signs you certainly get lost. We must read the signals on the high of life; the signs right now tells us we have to make an exit to another road that leads a safe heaven; call it EXIT 7 (the town of Safe Heaven). The signs I read from everyone in this community and others that we are traveling with high speed but we do not know which Exit to take and we are going further and further away from the town of Safe Heaven. Who is blurring all the signs so we cannot see them; OH I tell you: His Name is "DAJAL" is an old Arabic word that means that who covers the faults with deceit to trick others so they do not see the reality of things. "DAJAL" used to be a profession in the ancient time. Now we see that Mr. Ben and his likes are actually assuming this craft. One more meaning of the word "SATAN"; this word comes also from Classical Arabic and it means to stray away from the right path so now you know why we call these people Satans. It means that stray away from the right path.

What we need is to return moral (angelic) values to our society and start acting as a least human (trials and errors) rather than leaving these Satans controlling the world and eventually they will destroy everything and we have to start from ground ZERO. Satans by their nature according to all holy books are self destructive creatures but they want to destroy all humans along with them because of their untreatable sickness called Envy. The gear and weapons you need to fight the battle with Satans are moral values and we shall be victorious.

One of the Satan weapon right now is the paper currency because again they want to feel that the they are GODS who control our lives and the lives of children. The only weapon against paper currency is GOLD, Silver and Dirt. Dirt, Yes I mean land and remember Silver and Gold are inside the dirt so even dirt is worth more than the US dollar.

THEY want the control and the only way THEY get is through taking the energy away from you and the mechanism to do that is fiat currency and the game of inflation. There is no inflation in the real universe when Gold and Silver is used. Inflation is good for their system, their deceitful manufactured universe.

Learn to read the signs as they will save you and get you to your destination (the town of Safe Heaven). People at Safe Heaven, I heard, only deals with Gold and Silver.

I wish everyone happy and wonderful life with their families and this storm shall pass and the rain of this storm will provide fruits to those who wait and persevere.

YaMasuta

Tabberto
Jul 11, 2013 - 5:01am

Riddle me this

Money, the lifeblood of the economy, is stuck at the fed. There is no velocity, like slow death coagulation as it is all parked where it is apparently 'safe'. Meanwhile, Gold, which for decades has been parked gathering dust is witnessing an explosion in velocity. Turdites know that those who ignore this fascinating dynamic do so at their peril.


Jul 11, 2013 - 5:52am

@Tabberto re: Gold

@Tabberto re: Gold velocity

You da first man that has ever mentioned the velocity of gold!! I can't find that chart on the fed's page but the most important economic indicator never invented.

Be very scared when velocity of gold reaches 0. None to be had, and nobody will trade it away. 

Damn, I just wrote a post on positivity. That didn't last very long.


Jul 11, 2013 - 6:04am

Velocity of gold

I seems to me that increasing velocity of gold = early preparation

Decreasing velocity = late preparation

Zero velocity = I hope enough of it stopped here while it was velociting around the place earlier, because it would come in real handy for solving big problems right now.

smiley


Jul 11, 2013 - 6:11am

57, I think there was a short

57, I think there was a short circuit in the communication. The strength and resilience of the human spirit is not at odds with the realities of the day.

No need to sing the virtues of working in harmony with the grand design and the beauty and wonderment inherent in the natural world and the satisfaction that comes along with going with the flow and being accommodative of the changes whether they be man made or mother nature having a hissy fit. Although I am a city boy, I tilled the soil, and cut wood before I was tall enough to go on the merry go around. Heck, I've even grown a salad in a canvas bag and tomato's in a hanging pot.

And as a matter of observation, I've noticed that Fix when not chanting the End is Nigh, seems to embody a can do attitude as much as anyone between his penchant for fixing anything that can be taken a part and working long shifts to ensure bills are paid, and the stack keeps growing. Don't let him fool ya. A man like that who is a two bagger has a spirit of positivity deep in his bones. The end might be nigh but he'll survive it all as well as anybody.

As I sit on my fart cushion, watching all the stories of the unprecedented wild fires we are seeing in the west and mid-west, or the regular reports in the forums of the almost 10 fold increase in earth activity over the last 10 years and the reoccurrence of a 50 year drought cycle, I recognize that all systems reach a closure and equilibrium is reestablished. The drought cycle has been going on for yonks. Texas A&M University scientists have documented the cycle in tree rings going back at least 500 years. After that drought breaks, it returns back to it's lush and green state. Devastating fires yields new growth and even civilizations are rebuilt and currency failures, well they usually come back and then we go through the process over and over again like a gerbil on his exercise wheel.

So yes, I'm pointing out that every cloud has a silver lining and when I wake up in the morning I hear the birds chirping their little tails off telling the world 'hey, it's gonna be alright' And everyday that I log on to Turd, between the Debka file and civil unrest posts, I see that little Lk 12: 22-34 hidden way down in the corner. "Therefore I say to you, do not worry about your life, what you will eat; nor about the body, what you will put on." And so I don't. Now I'm not a prolific reader of that piece of literature but the quote in it's entirety is one I live by. Because that principle is a universal one and doesn't belong to any one religious thought. 

I also realize that every individual here has a wheel barrow full of bricks of their own to deal with besides the burden of dealing with all the potential future events that are discussed here on a daily basis. One of my wife's friends in a very sober moment confessed her fear of getting old and simply dealing with the realities of birth, death and all the people she loves eventually dying. We usually don't have to deal with realities of life until they are upon us. These aren't the happier realities we deal with as human's but they are nonetheless realities every individual has to deal with at some point in their lifes. After one overcomes the fear of death, living becomes a whole lot easier. And putting all things in perspective, a civilization failure is just a bump in the road. Add to the mix of everyday burdens, dealing with the realities upon us might be overwhelming and a buzzkill for anyone.

So if it is positivity and perspective that lacked in my post, I hope that makes up for it. I recently recall some advise given by a man much more wiser and insightful than I who has seen the future years before most people even awakened to the idea's espoused here and that it is, "There is Always a Way. Always!" But enough of the peaches, strawberries and butterflies. Now back to the Farrell piece on the bee's. 

The overall point I was making is simply that the great Keynesian experiment is a paradigm that exists within almost every field of human endeavor that has fallen under the control of government. There was a time when this country had over 7000 varieities of apples with over 6000 now extinct due to corporate and goverment interests. There was a time when I could boil a cob of corn too long and it would shrivel. There was a time when trout were trout and not genetic engineered hybrids of salmon and trout. There was a time when meet offered in the market wasn't pink slime. There was a time I could drink the water from the faucet without the use of my water distiller or other rarified filters I have on the kitchen faucet and shower. Man has tinkered with our money, tinkered with our food, tinkered with the environment. Government. All systems will respond to man's force and coercion of the natural forces and when the forces of nature revolt, there is no guiding it but just allowing it. Not because I say so because the science of systems, science of cycles all say it's true. 

Rather than Benson's "Breezin" I think a song that might be more apropos for some is Revelrie.

 https://youtu.be/SGnZxcS7VKA

But if it must be guitar, then I'd request instead of Breezin', you might put on some Pat Martino. He scared the shit out of Benson when he thought he was the king.

Benson on Martino

Check out the part of Lk 12: 22-34 that talks about the Pagan world and tomorrow being thrown into the fire. Seems to me that even the author had a realistic take on the realities of this world.

oldtimegal
Jul 11, 2013 - 6:49am

Honey Bees

I have honey bee hives, only two as I am a backyard hobbyist, but plan to add on next spring. It's a wonderful hobby and I would suggest those of you with gardens, plan to get a couple of hives next spring. Join your local beekeeping Assoc. There are beekeepers who will maintain hives for you in your own yard if that task is not something you would like to pursue.

This weekend I am attending the NC Beekeeping Assoc Summer Mtg where there will be a wealth of info reported. What I am finding, from articles of sources from actual beekeepers [not from main stream media who reveal false info] is that pesticides are a big problem for the bees along with verroa mites and other bee diseases.

Here is an example from a rep of Bayer Corp, who is the maker of insecticides with a follow up article to our local newspaper from the President of the NC State Beekeepers Assoc:

https://www.newsobserver.com/2013/04/03/2799532/beth-roden-mites-cause-b...

https://www.newsobserver.com/2013/04/08/2810982/danny-jaynes-more-to-los...

If you notice a decline of honey bees in your yards, highly consider beginning to educate yourself about raising them beginning next spring as well as look into plants/shrub/trees that will attract them. An abundant amount of info on pollinator gardens on the web. Have a look at NC State Beekeepers Assoc to start:

https://www.ncbeekeepers.org/

oldtimegal

benque
Jul 11, 2013 - 6:50am

Velocity of money vs velocity of fiat

Gresham's law playing out before our eyes. I am really surprised to have never seen velocity of gold, or silver mentioned before. It is just so glaringly obvious, now that Tabberto has brought it to our attention.

Mantis
Jul 11, 2013 - 7:29am

velocity of gold

Another obvious thing to look at easy to realise after someone points it out, I should have thought of that. Bit like the pattern Turn noticed.

I suppose velocity of money in the past always did mean velocity of gold since gold was (is) money. we missed it because we've we've been hoodwinked or deluded ourselves that gold is just a commodity like concentrated frozen orange juice.

As Mike Maloney says Gold is money whereas unbacked fiat is 'currency', not the same.

ps bitcoins are money too and the ptb cannot turn off the internet!!! devil

edit: I think JP Morgan also said something along the lines of 'the only true form of money is gold everything else is credit'

Gold Dog
Jul 11, 2013 - 7:33am

DBean

Thanks for the Santa stuff. It filled in some holes that were missing in my report.

I did not include the "be very careful that in trying to help someone that you don't hurt them" comment because the shorthand was kind of garbled. It IS an important message as we have seen from various posters here.

Santa also said that you should have 20% of your money in gold....he thinks that is enough to protect you.

There was some talk of when to sell that my secretary couldn't follow......Bean?

Thanks in advance.

Your friend,

Dog


Jul 11, 2013 - 7:47am

God morning, Re velocity of gold

Stumbled upon this while wondering about how one might measure such a thing. I can't find the author's name (well, I probably could if I tried harder) but a good connecting of graphs of money supply, using carefully defined terms. He explains clearly the wealth transfer from private to public through QE, and ends with this interesting observation:

"The dislocation between loans and deposits is not the only one of its kind. Another thing that struck me when flipping through these graphs concerns the "dislocation" between the monetary base and gold prices. The graph below (I forget where I found it) shows the tight correlation between the two from 2008 until 2012 (and a somewhat looser correlation before)....

But if we look once more at the monetary base graph from before, we see it surged a lot more from where the graph just above left off (early 2012):...

While gold has moved sharply in the opposite direction....

https://theautomaticearth.com/Finance/qe-the-velocity-of-money-and-dislo...

edit: what a typo - must have been all that talk of Satan ... 

Howard Roark
Jul 11, 2013 - 7:49am

Upside

This move (Au at $1284; Ag $19,85) must be good, right?

Even if is the result of Bernank´s talk, the dollar sliding... well the political crisis in Portugal it´s important because the impact on euroland, but even so... (I said in early thread that the actual coalition government won´t stand through the challenges of the next 15-20 days and the September/October deadline for the ne budget; we´ll see what happens, but the President made a speech to the country last night and made an appeal to national unity... does it ring the alarm bell???)

I wonder when the run really begins. A move to $1300 in summer (this week or the next)?

Be smart hold tight!

Salut,

HR

(edit) - nice podcast Turd and judging the comments section (besides some bitcoin fans) You (and GoldMoney) had good reviews. Salut!

57Goldtop
Jul 11, 2013 - 7:54am

GL

As I sit on my fart cushion

What an image. Slightly paraphrased, in the words of my lovely: "OK. I get it. We're fucked. What's for dinner?"

Anyhow, I put on a pot of joe and stepped out to say good morning to next winter's pizza sauce. A big fat bumble bee was sitting on a roma tomato leaf.

oldtimegal - thanks for the info about beekeeping. That could fit in well with the rest of my shtick.

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