A Special Cyber Monday Announcement

Mon, Dec 2, 2013 - 5:28pm

It has been in the works for years and it's finally ready for The Big Unveiling. Yes, the TFMR Silver Round is now available for all of your holiday stacking needs. Like this thread, the coin is available to everyone BUT it does come with a special offer specifically for Vault subscribers.

First of all, the link: https://www.scottsdalesilver.com/store/product.php?productid=17530

You'll notice that I've partnered with Scottsdale Silver for the production and fulfillment of these fabulous coins. Scottsdale is an excellent company and it is an honor to work with them. You can learn more about them here: https://store.scottsdalesilver.com/page/26/About-Us

The design of the coin is unique. Our own "Pining" came up with the look of the obverse, complete with the Turd Hat. I've also added some text which, if you excuse the typo of the initial minting, says "Buy The F-ing Dip" in Latin. The reverse of the coin is an image that pays tribute to our humble beginnings, along the watchtower of the blogspot site.

A few other details:

  • Though made in the USA, they can be shipped anywhere in the world except for Iran, Cuba and North Korea.
  • If you buy at least $500 worth, shipping within the United States is completely FREE. Shipping to Canada is affordable, too, and cost is determined by weight. Outside of the US/Canada, just email Scottsdale and they'll give you an exact shipping quote.
  • The highest premium to spot is if you pay by credit card for just a few coins. If that's the case, the cost is spot +$3.49. However, IF you don't/can't use a credit card and IF you buy in bulk, the premium falls off significantly.

And now here's the real fun part and the primary reason for minting the coin in the first place. Turd's Vault subscribers receive each month a discount code for purchase. This code, when entered at checkout, gives "Vaulters" a 50¢/coin discount on the first 20 ounces they buy every month. So let's see...

  • A Vault subscription is $10/month.
  • However, if you're doing what you're supposed to be doing and consistently stacking physical, a simple purchase of 20 TFMR rounds each month nets you back your $10 Vault subscription fee.
  • Pretty slick, huh?

And so, with this announcement today, I'm finally getting The Vault closer to where I want it to be. For stackers, in a sense, the membership pays for itself. And what does a membership entail?

  • Daily news, charts and analysis.
  • Almost daily podcast summaries. I particularly like this format as it allows me to go deeper into current issues like the December delivery "issues".
  • Once per week webinars with industry bigwigs where subscribers get to ask the questions. This week's guest is Alasdair Macleod of GoldMoney.
  • Again...50¢ off your first 20 TFMR rounds each month.
  • More details here: https://www.tfmetalsreport.com/subscribe

I want to thank you all once again for the opportunity to run this site and publish it every day. It is great fun and I'm glad that so many have found it to be so helpful and useful. I hope that you enjoy stacking these great new rounds. They're fun and they're shiny but, in the end, I hope they help you to prepare accordingly.


About the Author

turd [at] tfmetalsreport [dot] com ()


Dec 2, 2013 - 10:30am

For subscribers

This month's promo code can be found on The Vault homepage. Look in the "Turd's Stream" column on the right side of the page: https://www.tfmetalsreport.com/vault

Dec 2, 2013 - 10:38am

And we might as well have some charts

Nothing about today is surprising. Prices of both metals have finally broken out and through the downtrend lines from late October. They are now currently "riding" those lines as support and will, as soon as tomorrow or Wednesday, turn and rally away in a new UPtrend for December. Remember, too, that besides the ongoing December delivery fiascoes, the monthly BLSBS will be released on Friday. Therefore, expect volatility.

Dec 2, 2013 - 10:41am

At last...

a first !!!!

Dec 2, 2013 - 10:58am


I'll take a second. And now to check out some new silver rounds.....

Dec 2, 2013 - 10:58am

The 3rd second! haha

The 3rd second! haha

Markedtofuture TF
Dec 2, 2013 - 11:10am

@ Turd Initial minting quantity

I've also added some text which, if you excuse the typo of the initial minting, says "Buy The F-ing Dip" in Latin. The reverse of the coin is an image that pays tribute to our humble beginnings, along the watchtower of the blogspot site.

Turd... has a set number of initial minted coins with the (TYPO) been determined yet ?

Urban Roman
Dec 2, 2013 - 11:15am

Forgot the Bitcoin chart. You

Forgot the Bitcoin chart.

You can see the correction there at the top right, where it plunged from > 1200, briefly to just below 850. Now it's back hangin' out at 1000.

Dec 2, 2013 - 11:19am
Dec 2, 2013 - 11:22am

32 Privacy Destroying Technologies

32 Privacy Destroying Technologies That Are Systematically Transforming America Into A Giant Prison


Dec 2, 2013 - 11:22am


I think they're still going out. The new die is just now being made.

Louie Markedtofuture
Dec 2, 2013 - 11:56am

@ Markedtofuture - Get them NOW

Markedtofuture -- I thought the same thing. Buy them NOW with the defect. They will be the most valuable after the end of the Great Keynesian Experiment.

Dec 2, 2013 - 12:01pm

Wow! Great workmanship! The

Wow! Great workmanship!

The ideal gift. Won't break, run out of batteries, go out of style, shrink or fade.

Dec 2, 2013 - 12:19pm

Shipping time...

I'm going to be in the US for one week next week. Can they get it to me by the 13th if I order today or tomorrow?

Dec 2, 2013 - 12:19pm
Dec 2, 2013 - 12:20pm

Dec 2, 2013 - 12:23pm

This is fun

Was recorded on Saturday.

Dec 2, 2013 - 12:25pm

New from Bill Holter

December has arrived and with it the spectacle of COMEX delivering on contracts. Gold went to first notice day on Friday with 1,020,000 ounces of Gold standing for delivery. This is in contrast to the registered inventory holding only 590,000 ounces available for delivery. How will this 1 million ounces of Gold be delivered? It is hard to tell but suffice it to say that 400,000+ ounces need to be delivered in to make up the deficit. Last year if I recall, 1 million ounces were delivered in for December as it also had a large amount standing for delivery.
That was last year, this is this year. The difference being that China had not already "Hooverized" the planet picking up all of the Gold that they could. Yes they did have a big appetite but that has grown further this year. We also had not seen any plundering of GLD for 500 tons and LBMA had not yet seen 1,300 tons vanish from their coffers. Another quite interesting situation is that there have only been 80 contracts "served" in the first 2 days. This represents only 8,000 ounces. This is odd because it does not benefit a "short" in any way to wait until later in the month to serve for delivery. Carrying costs will only add up each day whereas the "ounces" are the ounces today just as they will be on Dec. 31...they don't "shrink".
"Why" would a short ever wait to serve delivery if by waiting their costs only increase each day? One can only guess that possibly the Gold is not there and must be sourced. How can I say something as heretical as this? Because we already know that AT LEAST 400,000 ounces need to be "sourced" because according to the COMEX themselves, registered inventory is not sufficient in quantity to make deliveries. Again, why has there only been 8,000 ounces served in the first 2 days? Is it possible that some of these shorts are offering a premium "in cash" to forego physical settlement? What!??? This is heresy! This would/could never EVER happen will be the battle cry! If you think about it, ANYTHING "crooked" can (and does) happen on a daily basis so why would this be any different? If you actually believe that "crookedness" doesn't exist nearly everywhere in the financial markets...then sorry, that's your opinion and will ultimately be your problem.
Has all of the Gold been delivered yet from the October and November contracts? I haven't seen enough Gold exit the warehouses yet to say that these deliveries have been satisfied. For that matter, a case can be made that not all of the physical deliveries going all the way back to June have been made but that would be just plain conspiratorial wouldn't it? Please keep in mind that going back to Jan. 1st there has been very little Gold that has entered the registered vaults and a drain of nearly 3 million ounces has already occurred to this point. We have seen over 80% of the beginning inventory already exit this year...yet no one seems alarmed. I don't get it but maybe I'm not supposed to?
This year has been a one way street where Gold has done nothing but exit Western inventories and gone East. China alone has already imported over 1,000 tons (30 million ounces) this year. Then you have the rest of the world to account for. It is clear beyond a shadow of a doubt that well over 3,000 tons of demand can be accounted for on the back of an envelope while global supply is only 2,200 tons. The Gold had to come from somewhere right? We even know the answer to this question, COMEX, GLD and LBMA have "bled yellow" so to speak...to the tune of roughly 2,000 tons. The tightness has grown so acute that unfortunately this bleeding has now started with one of the truly good guys. Sprott physical Gold ETF has now seen smallish redemptions due to trading at a discount and has had to deliver out Gold...no doubt also headed East.
This cannot go on forever and those in the East know this full well. Why do you think that 6 different "cash" metals exchanges are being set up to go live shortly? Because they know (or have been told) that shortly the deliveries will cease. The West has been built on "fractional reserve" everything. This works...for a while...especially with the currency itself because that can be freely created and provided. In Gold, Silver, oil, wheat or heating oil, etc. ...not so much. Especially if you are hungry, need to drive somewhere or are cold.
Anyone using any common sense at all knew that sooner or later excess demand over supply would exhaust the existing inventories. This is where the old saying "where the rubber meets the road" comes in. We are, here and now at this moment about to see "who was correct"? Will we witness "delivery default" or not? I suppose that we could see a large deposit (it would be the first one in the last 12 months) and push the event out into the future to the February or April expirations but to what end? The same end. All I know is that as it currently stands, this is the very first time as far as I know (including the 1979-80 episode) that more Gold is standing for delivery than the COMEX reports to be available to deliver. It has taken some 7 months to arrive here after the April and subsequent "ambushes" of price but we have arrived. Something dramatic MUST happen over the next 30 days. Either metal arrives into inventory or it doesn't. Either metal shows up or the COMEX will default. This is a pretty simple observation.
Mother Nature has eaten up more and more supply with each successive raid in price. The Chinese and their brethren have seen the writing on the wall and decided to open their own "arenas". "Arenas" that will spurn fractional reserve trading in lieu of CASH ONLY trading and settlement. We can look forward to a pricing structure that is discovered by a real and free market with no fractionalpikers allowed! Regards, Bill H.
Dec 2, 2013 - 12:27pm

Scottsdale silver

not too far from me--maybe 7 miles away --right outside Greyhawk development golf community. I have bought before from some guys that were up in Carefree but moved to the Dove Valley airport area a few years ago.

Will have to run down and see the Scottsdale operation--

anybody been there yet?

Dec 2, 2013 - 12:31pm

back to metals price

Turd-gold and silver down a lot today-miners getting rear ends kicked. -any logic to it at all?

I am hedged via DUST and DGLD and DSLV--but wondering if its time to sell of just reduce hedge.

sure does not look like we see rally as soon as tomorrow-esp with jobs report this week which I think will be good due to all the inventory building --will pay for that after the first of the year.

Whitecastle123 Mickey
Dec 2, 2013 - 12:31pm

Why change

The Latin phrase on the round ? What's the reason for that Turd ?

Dec 2, 2013 - 12:31pm

2414 Contracts LOST Today = Bullshit!

With only 12 deliveries today, open interest fell to 7731 contracts today from 10,157. I don't understand what could have caused this.

Dec 2, 2013 - 12:38pm

Hey TF

Will be in Scottsdale next week. Want to check up on them for you! lol

Good looking coin BTW

Dec 2, 2013 - 12:40pm

That loss was actually Friday

friday am I think--some were delivered, some settled for cash, todays should be interesting--this take down could be tied to a last opportunity to drive metals down before the comex stuff and shrinking physical global inventory hits the fan--if I knew what would happen and when I would be either sitting pretty or part of the system that's causing the problems

Dec 2, 2013 - 12:44pm

Chart update

Charts yucky. But I still expect a bounce this week and a rally through the December delivery period. JPM is stopping (taking delivery) again and recall what happened back in July and August.

Dec 2, 2013 - 12:46pm

re the OI drop

These appear to be cash settled. Not posted for physical delivery. Let's see what happens the rest of this week.

Dec 2, 2013 - 12:49pm
Urban Roman
Dec 2, 2013 - 12:49pm

Doesn't this make sense?

Since the cartel has the ability to issue naked shorts, doesn't it make sense that they'd slam the price down now (just like all the other days), but especially now. The reason: if Crimex has to cash-settle, they can settle for the lowest possible cash prices...

And there's also Turd's idea that, following the Force Manure, JPM will ride in and just buy the place. They can buy it for bottom dollar this way.

Dec 2, 2013 - 12:57pm


it will be interesting to see todays activity esp how many more feb contracts were opened. (to drive down or cap prices--the question is just who are the ones selling more shorts? Got to remember there is a long and short for contract--and postilions can be hedged in otc derivative market which is what butler was saying saturday-and we do not know how accurate comex cme info is anyway. so we are flying in a cloud while the boyz are not.

except given the entire picture we have apretty good idea where this all ends-in a disaster to our society

Dec 2, 2013 - 12:59pm

I dunno

I read Holter regularly - don't we all?
He sure seems to be one of the good guys, as best I can ascertain. My little itch with this analysis is simply this;

Is he taking into account that perhaps 95% (or 99%), of all the volume on the Crimex is really just the 'House players'? --- Whom I will define here as the agents of the cartel (not-4-profit-players), who act in accord with directions from jpm/treasury. You know, The assorted criminals who can flagrantly and mindlessly dump a couple thousand short contracts and never go wrong?????

And as such they never have any liability to actually cover, fill, take delivery or in any way transact any contract the way that Bill H. and others are assuming~!? Nope, they never stand for delivery or in any way act to upset the apple cart (crimex casino) which no doubt rewards them handsomely thru endless unaccounted for back door funds thru never ending QE.


Dec 2, 2013 - 1:00pm


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Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

Key Economic Events Week of 3/25

3/26 8:30 ET Housing Starts (Feb)
3/27 8:30 ET Trade Deficit (Jan)
3/28 8:30 ET Q4 GDP final guess
3/28 10:00 ET Pending Home Sales (Feb)
3/29 8:30 ET Personal Income (Feb)
3/29 8:30 ET Consumer Spending and Core Infl. (Jan)
3/29 9:45 ET Chicago PMI
3/29 10:00 ET New Home Sales (Feb)

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