All Please Consider

153
Wed, Aug 21, 2013 - 12:14pm

This brief "analysis" demands your full consideration.

Please make a summary of all the "unusual" things that are happening. Here's just a short list:

  • Gold flowing out of London to Switzerland and Hong Kong
  • Combined Chinese and Indian demand in Q2 2013 at 586 metric tonnes
  • U.S. interest rates are skyrocketing as foreigners dump U.S. treasuries
  • Steeply falling Comex inventories
  • GLD "inventory" down 435 metric tonnes or 32% YTD
  • JPM stopping to themselves 3/4 of all August gold deliveries
  • JPM flipping from 50,000 net short Comex futures to 75,000 net long
  • GOFO negative for 33 consecutive days and the 6-month now negative at a new, unprecedented low
  • As I type, a slight Comex futures backwardation vs cash out through and including the Feb14 contract

That's nine, separate bullets that took me about two minutes to type. Please use the comments section of this thread to add your own observations to any I may have missed.

Now, please consider the possibility that you, my dear reader, will look back upon this six months from now and think: "How could I be so stupid? All of the signs were there! Why wasn't I buying up all the physical gold I could get my hands on?"

Prepare accordingly.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  153 Comments

AlienEyes
Aug 21, 2013 - 12:17pm

FIRST!

FIRST!

Now to read the word of Turd.

Nathanimal
Aug 21, 2013 - 12:22pm

Thurd

First comment ever..

silver66
Aug 21, 2013 - 12:22pm

2nd

I second that alieneyes

Silver66

Edit:

India has capital controls now and 18% devaluation of Rupee in approximately a month

Aug 21, 2013 - 12:24pm

Excellent, silv66 and AE

Those two push the list to 11.

richterc
Aug 21, 2013 - 12:25pm

India

India imposes capital controls including bullion to fight falling INR...

Loud Noises
Aug 21, 2013 - 12:33pm

Turd

Is it intentional that you mention buying physical gold and not just physical metal, as you usually do? I'm all into buying metal, but the GSR is still far too in favor of silver now. Unless we're approaching a FOFOA type scenario, that's the only time I would imagine silver being left out. Can you clarify?

Loud Noises
Aug 21, 2013 - 12:35pm

Silver will participate, that is certain

However, in this context, silver is simply along for the ride. Gold is the key.

realitybiter
Aug 21, 2013 - 12:38pm

JPM

selling the building which houses their gold vault.

BTW, anybody notice the last three nights? Ground Hog night? right on queue: coordinated smash, followed by recovery through the morning...check it out on kitco.....

couldn't be intervention could it? free markets working? Fed trying to start a landslide, knowing that taper is BS, and attempting to rig lower prices before the knee jerk ascent higher?

And Richard Holder says that he is going to do something about white collar crime 6 years ago....what AG announces to the perps that they are going get investigated? I am pretty sure a real AG would simply descend on the building like a swat team with a couple hundred agents and lock the whole thing down.....grand standing joke.

Aug 21, 2013 - 12:38pm

bullet point

Continued systematic dissing of AG & AU in MSM.

AlienEyes
Aug 21, 2013 - 12:40pm

Fiat

US and Japan printing money like crazy....just to name a couple. Many more are doing the same.

Swiss franc devalued.

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

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Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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

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