Open Thread. Turd Unavailable until 3:00 EDT

Fri, Jun 17, 2011 - 10:02am

About the Author

turd [at] tfmetalsreport [dot] com ()


Shill flc
Jun 17, 2011 - 12:30pm


PM's will not fall this time, a lot has changed since 08. Not only peoples attitudes toward all the money printing but also toward the faith of the people portraying to fix the problem BANKS WERE SAVED YOU WERE NOT, and were still sweating 400,000+ jobs in the last 10 weeks. PM's these days are actually acting as a reserve currency, Keep that in mind as we go forward. Greece has already defaulted, now were just trying too mask the problem. Ok so we fix Greece ( or make believe we fixed Greece ) now we can turn our attention too Ireland, Portugal oh and yes Spain the ever so silent Spain.

Nothing has changed, only the perception of change. IE: Hope & Change. working out well isn't it.

Best wishes

Jun 17, 2011 - 12:37pm

silver has gem-stoned, since its penultimate lucky day

silver has gem-stoned, since its penultimate lucky day
Jun 17, 2011 - 12:38pm


Amazing all the noise coming out of the IMF...its almost as if the New World Order is already in full effect.

And from all the noise i would say A setup toward a Global stimulus is coming, TPTB are ever so sneaky in their maneuvers. But of course again I jest...

Anecdotal as the proper tag to be inserted.

Jun 17, 2011 - 12:41pm
Jun 17, 2011 - 12:41pm


We need a pooling of thoughts on how to make some big $$ WTSHTF. We here see it coming...Greece's default will start the dominoes. The discovery of gold fraud in Ft. Knox will trigger a rush on PM's and the race to the bottom will be on. Let's hear some solid ideas on how to make our bets now...

My physical precious metals (in negotiable sizes)

robov OGIGUS
Jun 17, 2011 - 12:43pm

adding to agNau's ron paul

adding to agNau's ron paul post

Submitted by OGIGUS on June 17, 2011 - 12:10pm. Hat Tip! 0

Russia (FSB) Says IMF Chief Jailed For Discovering All US Gold Is Gone

If this is true all I can say is WOW! The depths of conspiracy in world governments has got to be well beyond the comprehension and knowledge of even the most hardened conspiracy theorist, let alone the average citizen.

Jun 17, 2011 - 12:44pm
Jun 17, 2011 - 12:53pm

Hold off till confirmed but,

It looks as though Gold has broken out through the "dome" resistance. I do know enough about these patterns and b/o's in general to know they must hold above those levels. Some b/o's need time and %movement above the b/o. With this "potential" b/o I would expect a movement above (maintaining) LT trend and continuing through highs. All I know for certain is if this holds it is very positive development for both G&S. I hope thatTurd will fill in the blanks.

Jun 17, 2011 - 12:55pm

I actually see PMs crashing

I actually see PMs crashing once a Greece default happens. The Banks will be hit hard which will cause lending to stop. The dollar will rise not only because of the liquidity contraction but because the avg. joe will run to their nearest currency exchange and buy dollars. Extreme Inflation in some countrys have already happened and in most cases it is the dollar that was used as a safe haven.

Shill flc
Jun 17, 2011 - 12:59pm

Again not going to happen

If you think this than I suggest you sell your holdings and go long the dollar. Me I like to have a sample platter of everything just incase. But I would never sell my PM's especially for Dollars. Trust me when I tell you Gold and Silver are very liquid.

Aronnax robov
Jun 17, 2011 - 1:01pm

RE: FSB DSK Ft. Knox IMF story

Google "Sorcha Faal". The article originates from this site:

Take a look at this thread:

The story (esp. certain elements such as the metallic content of that military base in KY) may or may not be true, but none of it has been substantiated as far as I can tell, and thus falls into the 'Conspiracy Theory' or even 'misinformation' bucket unless some more facts emerge.

NCOT erewenguy
Jun 17, 2011 - 1:06pm
gold_tracker Rhinestone Cowboy
Jun 17, 2011 - 1:10pm

Thanks for posting the

Thanks for posting the link.

My initial reaction to that is that it sounds like an attempt at some kind of manipulation either to the market or producers. Which of course Tyler notes. Interesting thing about gold though, is that it can be moved and transformed into various currencies in a more stealthy and hard to track means, unlike a dollar which doesn't melt well.

This is pretty much more evidence of the growing global importance of gold to economies.

Invisible Hand Aronnax
Jun 17, 2011 - 1:16pm

I just spent 15 min reading

I just spent 15 min reading that article, traced the source, and came to the same conclusion. It looks to be a disinformation attempt. Thanks for posting that up so the others dont have to waste their time.

Jun 17, 2011 - 1:24pm

I do have a small out of the

I do have a small out of the money call in UUP. Again this is all speculation. Could gold and silver skyrocket if the first domino were to fall aka Greece default? Sure why not but history tells me otherwise. I just play the ups and downs but right now I see the dollar gaining once the euro takes a hit. I see more people running to their nearest currency exchange rather then a coin shop.

Jun 17, 2011 - 1:25pm

Now time for something completely different

Hey guys,

I'm a Scottish game designer living in Hamburg, Germany. I've been following the Turd since his days on zerohedge and what I learnt from him and others made me re-evaluate what I was doing for a living, as well as helping me to make the decision to put my savings into hard assets.

About 8 months ago, I left a nice job to set up my own company, as I wanted to make a computer game that incorporated what I'd learnt that would hopefully cause people to pause and think a bit, without scaring them away with visions of imminent economic Armageddon!

The game I came up with is Greedion

The game will be free to play and once we are ready for beta, I hope many of you here will help me make it as eye opening as possible for the less informed, as after all, we are involved in an information war of sorts.

All the best,


p.s. - hope you like the blackswans in the logo :)

Jun 17, 2011 - 1:26pm

FATHER's have a great weekend!

EE won't take any wind out of my sails. Already rich with 4 kids. All out of the home & empty nesters now but always fight the good fight. I remember being a young family dirt poor going to college/working; even with the GI bill. Had 3 little one by the time I graduated and felt fairly burned out even then. One day, a good ole man who had also fought the good fight asked what I would sell one of my young children for. Not even a million. So I knew then I was already rich. Who gives a flying flock about the dead head feds as the rat basturds gain the whole world & lose flea bitten vermin souls. Yep! I wanna be weiner. What a scuz. All the CONgress/SINnate seek deep to hide their council from God. National destruction from within. No cave dwelling bogey men to terrorize AmeriCON'd. We've got the enemy within the gates. Where your treasure there will your heart be also. Stick with family and know there is really no success or compensation for failure out side the walls of your own home. Most mens greatest battles are fought with the confines of their own hearts. Forget the blind guides of fall street in bed with dead head fed goons. The chances any of these goons have to come out with a balanced family for an exchange of power/fame is like a one legged man winning the butt kicking fight

kenahcus2112 Invisible Hand
Jun 17, 2011 - 1:46pm


mining stocks move so fast...I should have sold off yesterday. I think the only way to win with the mining stocks is to day trade... who has time for that? I don't. Just keep stacking for me

KingLOCAR jonny
Jun 17, 2011 - 1:50pm

Art imitates life

Wow, this looks great! I'll look forward to the beta.


Jun 17, 2011 - 1:51pm
Eric Original buzlightening
Jun 17, 2011 - 2:04pm

afrum is back!!

way to go buzlightening!!

long time no see buddy.

Jun 17, 2011 - 2:06pm

End of QEII?

QEII is supposed to end June 30th. We all know QEIII or something similar will commence July 1st. Here's another thought ..... perhaps BB will surprise the market and pull an FDR and revalue GOLD July 1 at the close of market. July 1 is on a Friday. Monday the market is closed for July 4th celebrations in the USA. Can't think of a better July 4th gift.

agauinvest WineGuy
Jun 17, 2011 - 2:35pm

End of QE2 - temporarily

"QEII is supposed to end June 30th. We all know QEIII or something similar will commence July 1st. Here's another thought ..... perhaps BB will surprise the market and pull an FDR and revalue GOLD July 1 at the close of market. July 1 is on a Friday. Monday the market is closed for July 4th celebrations in the USA. Can't think of a better July 4th gift. "

I don't think it's fair to say "we all know" that. I actually don't think that. Since 7/1 is a "go-away" day for traders and bankers, and is a pre-holiday Friday anyway, I think that with QE on hiatus or not, it will be quiet, so it wouldn't be really necessary to start that day.

Also, I think there is going to be some pain before a very big or public QE3 can happen. They've strongly telegraphed this. I know they lie a lot, but sometimes they tell the truth, usually when they figure nobody is listening or will believe them anyway. ;) Truth disguised as a lie.

Jun 17, 2011 - 2:47pm

Happy FRYday fellow

Happy FRYday fellow Turdities...

I enjoy reading the daily weekday short articles over at as there are a lot of good analysts that are bullish and promote investing in PMs among other things....

Then their is this fuckin guy - Jon Nadler, SENIOR Kitco ANALYST

Honestly - WinTF is this guy thinking? Is he a shill? Is he THAT delusional? What is his motive?


June 17, 2011...

This what he said today...

While on the subject of silver, do note that, no, we are not about to “run out” of the stuff; not in the very least. Aside from the fact that the latest (ABN AMRO-sourced) market statistics show a clear and unequivocal rise in mine output for the white metal (rising from 22,000 tonnes in 2009 to 24,000 tonnes in the current year’s estimate) and aside from the fact that scrap supply is actually experiencing a slight shrinkage (dropping from 12,750 tonnes in 2009 to the estimated 11,300 tonnes for 2011), the total supply of silver is nearing the 36,000 tonne mark this year.

What about demand? Well, it is not rising, that is what appears to be the factual case. Total silver demand was 28,500 tonnes in 2009 and it is projected to decline to 27,000 tonnes in the current year.

Contrary to certain overly optimistic “takes” on the market, we note that jewellery and flatware are actually gaining a bit (rising from 7,000 tonnes in 2009 to 7,200 tonnes in 2011), and that industrial offtake is nearly flat for a third year; hovering in and around the 12,500 tonne level.

Silver’s investment demand (all-important of late, anyway) is also expected to take a dip from the 9000+ tonnes it absorbed in 2009 to the roughly 8,500 tonne level being anticipated for the current year by ABN AMRO. The net result? A SURPLUS of 7,333 tonnes in the silver market, being forecast for 2011, and one to be compared to the approximately 6,700 tonne overhang we saw in 2009. You may now close ‘the book’ on allegations that we are nearly “plum out” of the white metal.


It was only a few days ago, this week, that an article showed the exact opposite, from our friends at ZH...

Any thoughts?

AU/AG 4 Life


P.S. Now, the only reason why i read Nadler and any other delusional shill is because you gain information from that too... Remember, the old maxim - 'Keep your friends close and your enemies closer'? I think that can be applied here, because their is good information to gain from the other side that helps us on our Quest...All part of the game.

Mickey agauinvest
Jun 17, 2011 - 2:52pm

QE version x/Debt Ceiling and Turds Dome chart

IMO no QE3 or whatever until the debt ceiling is raised--Fed cannot buy debt from Treasury that the Treasury is not authorized to issue (yes-the little issue of Federal Pensions).

Just a technicality. Unless during July what is coming due in Treasuries is not rolled over by a 3rd party which will present a problem. Not--thats why we have creative accountants.

Take a look at Turd's Dome chart of yesterday. If gold sticks around here for the last hour gold pokes above the rounded dome. Then, maybe with the margin decrease going into effect Monday we will not see a decline, which may be trumped by whatever happens with Greece over the weekend. USD kind of weak too. Its ~75 and I think it was above 76 Wednesday.

and at 1538 we are a spit away from 1545--what was closing high 6 weeks ago?

Jun 17, 2011 - 2:54pm

Silver has been capped at 35.50

For a while now, looks alot like a HFT algo to me. It may get over that number for a moment, but only because it is overshooting and it takes a few seconds for the algos to kick in. We are range bound. Best way to scare off investors is actually to take away the volatility. A good trader makes money weather it goes up or down, keeping it range bound is more effective as a deterrent than just smashing it down once in a while in the standard raid patterns we have become used to. Its a lot more sophisticated too, no need to bother having a monkey with its hand on the mouse clicker shorting when you have a machine that will do it for you 24-7.

Remember the magical 36? I think its still real. There is no "market", there is no price discovery, there is %80 EE machines against us.

Eric Original
Jun 17, 2011 - 3:21pm

Brigus Gold--Article from Motley Fool

Here's very positive article from Motley Fool about Brigus Gold. I own it.

aomegaa FriedEggs
Jun 17, 2011 - 3:22pm

This is troubling. Comex

This is troubling. Comex activity is just a small piece of the total silver market. Is it not.Sure would like to hear from the experts.

Anonymous Bay of Pigs
Jun 17, 2011 - 3:26pm

Removed comment

Removed comment.

I Am The Unknown Comic
Jun 17, 2011 - 3:33pm

Time To Buy SLV July 16 Puts and Calls?

This is Ground Control to Major Turd
You’ve really made the grade!
And the papers want to know what longs and shorts your selling and buying
Now it’s time for quadruple witching, if you've dared

Ground Control to Major Turd
Your circuit’s dead, there’s something wrong
Can you hear me, Major Turd?
It's past 3 pm, Major Turd!
Can you hear me, Major Turd?
Can you hear....


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