Bill Murphy with Dan Ameduri

Mon, May 12, 2014 - 12:39pm

My pal, Dan, just sent me this link. It's pretty good stuff.

Bill and Dan cover a lot of the topics we've discussing here...manipulation, the fixes, the GSR, the 1% name it, these guys cover it in about 18 minutes. Give it a listen.


p.s. Chris Powell will be this week's guest on A2A.

About the Author

turd [at] tfmetalsreport [dot] com ()


Bollocks · May 12, 2014 - 12:46pm



luv2stak · May 12, 2014 - 12:51pm



Another Turdite suggested this last year, and I remembered it, and have just-this-morning implemented it!

Planted two additional SuperSweet 1000s tomato plants = multiplying fiat into food = great leverage.

BTW, our local Home Depot is having a garden plant and herb sale 5@$10 or $1.99 each (instead of $3.68 each).

Lowes isn't.

Bollocks · May 12, 2014 - 12:55pm


wrong thread again.

metalsbyamile · May 12, 2014 - 12:56pm


again today.As a member of LeMetropole Cafe, Bill Murphy's daily missive on all things Cartel and pm related, i look forward to this.And now for the show....

metalsbyamile · May 12, 2014 - 12:58pm


is there an official retraction status page laugh in the top 10 world.

SilverSurfers · May 12, 2014 - 1:01pm

The Show

5th, top tenner, Opps by tail, you just wanted to be a top tenner. The cyclist did show, 18.50 or lower June-July, and Russian Invasion by 6/30.

Miles, no double posting in the top ten, its the rule. :~

Bollocks · May 12, 2014 - 1:04pm


There should be, shouldn't therewink. I'd be at No.1 !

Galearis · May 12, 2014 - 1:16pm


GATA is a taboo mention on Canadian BNN as well. Also mention of gold and silver manipulation. Transgressors are not invited back and are all warned before they are in front of the cameras.

Anybody watching BNN for investment tips is a damned fool.



metalsbyamile · May 12, 2014 - 1:21pm

Do not count on war

To up your status in life. How inhumane can one be.If the russkies ever invade we may be well on our way to hell. Does not gold melt in high heat.

Pay close attention to these kids in this 30 seconds.Code. Yellow cloaked in wordisms which reference Stephanie's Star Trek cloaking device you say.Mmmm. Who needs Charles when you have silly Wabbitts.

Trix Rabbit 1970s Silly Rabbit Trix Are for Kids
Mammoth · May 12, 2014 - 1:21pm

Quote of the Day

'You have a clear choice between buying into a conventional stock market making all time high after all time high, or an asset like silver that is off over 60% from its highs.'

Disclaimer: Pilfered from the silver news blog

metalsbyamile · May 12, 2014 - 2:08pm

Ukraine CDS Explode

Ukraine CDS Explode; Bonds, Stocks, & FX Tumble On Referendum Vote
Submitted by Tyler Durden on 05/12/2014 10:06 -0400

While US equity markets could not be more excited at the prospect of more bloodshed, more sanctions, and more WWIII, it seems the Ukrainian markets are not amused. Short-dated CDS are spiking, bond yields surging, stock prices tumbling, and the Hyrvnia is back at one-month lows. Ukrainian stocks are now the worst-performing market in the world and with 10Y bond yields back over 10% (and 5Y near 14%), it seems the exuberance for risk in Western markets is not spilling out into a nation that is ‘saved’ by the IMF loans and western confidence.

CDS markets are not happy


and Bonds, stocks, and the currency are also in trouble…


Orange · May 12, 2014 - 2:58pm

Just a Thought

Bill Murphy referenced the 1% rule in his discussion.

I was just wondering why the CME has recently said they would implement the 1% limit.

We know they have used algos or whatever to control the price with the 1% limit. Has something changed?

What has changed so that now the CME has to put it in place.

Just a thought?

CPE · May 12, 2014 - 4:05pm

RE: Just a Thought

The current non-CME price capping is done by manipulative algo shorting. If the CME hard caps a daily rise of 1% then the algos don't have to expend any effort on big news days and can instead whittle away on the slow news or low volume days.

It's basically the same system we have now, but far more effective when western investment demand returns because they will need less physical supply to print bogus paper prices on days like a Ukraine referendum, or Mr. Janet Fellon lying to congress, or a BLS report of more work for everyone in the field of unicorn herding.

It's a sign of massive desperation. 

SamSchlepps Orange · May 12, 2014 - 4:10pm

thought - the sheriff making his way to town

The regulatory cap versus the business cap - got to follow the regulation and rules at operating level so change at the regulatory level - same end criminal

or prettying the business up for sale / transfer - I assume it would also make the statements by the exec's about wrongdoing a little easier to put their signatures on and you might have less suicides too - hate to lose those good people....

SamSchlepps Orange · May 12, 2014 - 4:10pm
silver2013 · May 12, 2014 - 4:25pm

Nothing will stop the gold

Nothing will stop the gold and silver control and nothing will stop the stock market control. This quote is good today and will be good 100 years from now. Mark it!

Bollocks · May 12, 2014 - 4:52pm


I've marked it, thanks for the heads up.

See you in 2114.

ancientmoney silver2013 · May 12, 2014 - 4:58pm

silver2013 re: nothing will stop PM controls . . .

"Nothing will stop the gold and silver control and nothing will stop the stock market control. This quote is good today and will be good 100 years from now."

Based on history, I think you'll be wrong.

Fiat systems don't last that long. Ours is now 43 years old, and it is wearing down. they may try to replace it with a similar one, but that one won't more than 2-3 years.

Combine that with the silver shortage that is bound to occur (I know it's been expected for years, but some entity made a deal with the devil (western bankers) to further their own interests), but the fact that JPM now has a hoard of physical silver of their own is telling. Maybe they'll use it to further manipulate prices, but that will be finite as well.

· May 12, 2014 - 5:43pm


Thanks. Sinclair speaks tomorrow for his keynote. Not his private session. If I go, I'll share. I am more interested in hearing the bear vs bull debate, Casey people featured on the bulls. I can't think of too much new sinclair would have to say. A debate would stimulate my thinking process more especially listening to the bear side of the story which beyond revisiting some trend lines, haven't seen one lucid, well though out, compelling argument for a secular bear market.

metalsbyamile · May 12, 2014 - 5:44pm

Thanks Green Lantern

What an excellent summary. Confirms every thing i think and thought.

If you would post a summary of the JS speech,Q&A, it will be much appreciated.

Robski · May 12, 2014 - 5:46pm

@ Green Lantern

Thx, for your reporting! I would be interested on Rick Rule's take on Thorium. I have seen on the internet that China is looking at Molten Salt Thorium Reactors (MSTR) with great interest. I do like uranium too, due to all the existing reactors still in operation. 

On a different note, I have been studying up on hydroponics. With the water shortage that is going on in the west, I believe that this technology could be a good investment in the future.

As for Ron Paul, I have seen him speak in person. He is probably the greatest STATESMAN in our time. I use the term statesman because he uses logic and knowledge of history to educate, rather than pushing emotional buttons like a politican does.

Again Thx, Robski

· May 12, 2014 - 5:46pm

Just came back from seeing

Just came back from seeing Ron Paul speak along with 1/2 dozen luminaries in the metals arena.

First Ron Paul, never saw him speak but I can tell you from my experience of being around politicians, he is the humblest politician (not a good name for him) I've ever been in in a room with. Answered audience questions until they cut off the questions.

To put a long presentation into few words, he commented on the NDAA, Obamacare, the wholesale reduction of liberties and all forms of authoritarianism the gullible public has accepted as a way of life. He said the wholesale lack of government following the constitution is simply the power brokers are not interested in change, only power and he told stories of what happens in the dark corridors of congress. Most of them believe they are following the constitution. Even politicians are brain washed.

Talked about his exchange with Ben Bernanke and gold (youtube it if you haven't seen it) and the Fed in general. You all know the story. From what I can tell, he is truly dedicated to the mission of informing the public about what is going on in our country and spends alot of time on college campus and believes alot of the young people know what their future holds.

During the Q&A, one guy asked him based on what's happening here in the USA where would be a good place for a person to live? He said that all countries have adapted the same ways and contrary to what others think about moving outside the US, he see's a wave of problems hitting all shores. Every country in the world has adapted the ways of fiat, Keynesian, and the reduction of liberties. You can argue the virtues of New Zealand or the USA among yourself but spoke to Rick Rule as I do every year at this conference and he has a house in New Zealand, and he still lives in the Republic of CAlifornia.

Rick Rule- His usual humorous self and always compelling speach. He will sit with you for hours as long as you have questions and he doesn't have to use the bathroom. Over at the Setup, I've been sort of wining about the nature of human beings and the capitulation we have seen on this site. Rick spent a good 20 minutes talking to the same subject. Maybe I'm not such a prick calling people out for what really is a cultish, heard mentality behavior. He noted that he has been going to this conference for yonks and that in 2010, the room was filled to capacity, twice the size, and mining and media booths taking the entire floor. The turnout was pitiful, the room 1/2 the size, and only a handful of mines and assorted vendors bothered to take a booth.

In 2010, (I was there) I think it was Sprott, Rule, maybe Sinclair, Dimes, the usual mining writers, Fulp, Cook was bull, bull, bull...uber bullish, and yes, the dollar collapse was immanent. The insolvency of our country has gone up 2 trillion dollars since that conference, and what happened? The price of the metals went down and there has been a wholesale capitulation of interest by investors. It makes no sense that because price went down, but the story is worse, you would have less interest. This is a sickness of the human psyche and for anybody interested in not only protecting their assets but leveraging a bull market to make handsome profits. For it is now, over the next 12 to 18 months, when assets are 65% on sale is when you should be paying the closets attention and buying. lack of patience will do people in. If you are all spent, sit and be patient for people like him are looking to make out in a great wealth transfer for impatient, uninterested investors.

He must have invoked the idea of cylces a 1/2 dozen times illustrating that we are indeed in a cyclical bear market and not a secular bear market, and he has seen this among investors through out his entire career. Screaming their heads off when prices are going up, and falling asleep when prices go down. Like a herd of sheep.. The last bull market, he said 1/2 dozen investors followed him to the rest room and fired question at him non-stop while he was at the urinal. In the bear market, the most exciting time in his occupation, total apathy.

I asked him a bunch of questions regarding specific properties so since it's probably not relevant to most of you, I'll keep those answers for myself. But did ask him about his collaboration with Ziljin Mining and their question to invest in a spectacular array of junior mines. He says it's going well, they have identified some good properties, and they are keeping their fingers cross that the Chinese keep their end of their agreement. Some obvious trust issues. But what is interesting, you don't see talked about much, is their target are operations who have amazing deposits that have stalled due to political issues such as one that I own in Armenia which has some top notch grades. Now if you think about, if you take the political influence of the Chinese government, Sprott/Rules ability to assess properties/management and you combine it, you now have properties that have been written off by most investors being put back into the playing field. Dangerous game but a highly, highly profitable one.

Finally, two more words: Palladium and Platinum baby. He loves uranium too. You want to hear about global warming and pollution rants, wait until palladium goes sky high and what's left of Detroit has to start charging thousands of dollars more to keep the cars clean. The implications of high prices of those two metals are pretty staggering.

Ran into Bo Polny. Sinclairs Cycles/TA analyst. He charges $20,000 a year for his analyst of the metals markets, inflection points and many of the things you get right here on Turdville for FREE, in part. (Yeah, yeah, I know the mantra, charts are worthless in a manipulated market) Such conclusions are dangerous but it's ok, I once thought the same way but I found a way past my own arrogance. He has obviously written off the average investor as his demographic and is targeting institutional investors and hedge funds which is the audience at these type of conferences where you sit through hours of boring sales pitches by miners.

Sinclair speaks tomorrow as well as a classic Bull vs bears debate I believe with Jeff Christen (sp?) but probably wont' find the enthusiasm to go back for day two to listen to a debate on a subject which I've already made up my mind. Sinclair is also giving another one of his Q&A's and is charging double the price he did when I saw him a year ago.

As far as I am concerned 20 grand for cycle analyst, 100 hundred bucks a pop to see somebody who you already know how he thinks, is all fair. I'm all for free market baby. Whether I'm willing to pay for it is another story. And if they have the audience, no reason they shouldn't charge double.

All in all, Ron Paul made my day. Humble, demure and really gives for the sake of uplifting the consciousness of humanity. It matters not if you agree or disagree with him but there are few people willing to standup in the political forum, talk about the things we do here publicly, not for the purpose of winning, but for the purpose of awareness. While I enjoy the insights of the hard core metals people, Paul has a higher calling. Historical in my book.

ancientmoney Green Lantern · May 12, 2014 - 5:48pm

Green Lantern--thanks for the commentary . . .

I went to a Ron Paul rally at the UW-Madison campus a few years ago, when he ran as a Republican. I was one of very few greyhairs there--mostly college kids and early-30's crowd, and by their questions you could tell they knew what's up.

There is hope coming up, once we get rid of the old power-mongers now running the show.

metalsbyamile · May 12, 2014 - 5:49pm

I get it Green Lantern

All these interviews are starting to sound very similar. Adding some thing new would be delicious if you know what i mean.

One of the more popular gold bugs has a voice that drives me to bratwurst(i hate bratwurst). I see him featured here , although i try to give it another go i just can not stand the grate his voice gives me.

So a bull and bear debate will be far more interesting for sure. If you see clear to post a recap of that im sure lively event, i for one will be greatful.

metalsbyamile · May 12, 2014 - 5:51pm


In my day living in North America you would be targeted and arrested for anything hydroponics. Times they have changed.

metalsbyamile · May 12, 2014 - 6:12pm

As a compliment to Green Lanterns post

Here is a video summary of his speech with Kitco. Some very interesting thoughts well worth the 5 minutes.

Bollocks · May 12, 2014 - 6:20pm

Great write-up Green lantern

So good to hear it from the horses's mouth, so to speak.

Wow the info here is just amazing.

· May 12, 2014 - 6:37pm

@GL Thanks for your extended


Thanks for your extended post summarizing the event.


Kerbouchard · May 12, 2014 - 7:47pm


Russia’s confrontation with the USA/EU in the Ukraine Puts Predatory Capitalism on Notice

It is quite telling that an American, Edgar Cayce, one prophesied that Russia would serve as the hope of the world. Who would have ever imagined that an ex-Communist nation would serve in the capacity that it is now? Standing up to the US-UK-EU juggernaut is not for the fainthearted, and is perhaps the greatest challenge on Earth, bar none. And yet here is Russia responding to Washington’s typical gunboat diplomacy as though the US Department of State is showing up in a dinghy.

“In Russia there comes the hope of the world, not as that sometimes termed of the communistic, or Bolshevik, no; but freedom, freedom! That each man will live for his fellow man! The principle has been born. It will take years for it to be crystallised, but out of Russia comes again the hope of the world.”
(SOURCE: Edgar Cayce, 1944, No. 3976-29)

DeaconBenjamin · May 12, 2014 - 8:01pm

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

Become a gold member and subscribe to Turd's Vault


Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales