Three Items For The Overnight

Mon, Jul 2, 2012 - 6:01pm

Thanks to all who submitted guesses for the latest hat contest. The contest is now closed. Recognizing you need a new thread for the overnight, here are three things to discuss.

First, Trader Dan doesn't have the time to post every day but, when he does, it's almost always worth your time to read. His post from Friday was fantastic. Below is a chart of his which I lifted from the post. It shows that we currently have a "record" amount of naked spec shorts in silver. Surely, this is a bullish, contrarian indicator and it follows along with the theory I've posited here that The Silver Cartel is methodically shifting the burden of being short from themselves to the specs (sheep).

Next, our pal Jeff Nielson has penned a great new article. This time he focuses on the LIEbor scandal. Please take the time to read it.

Lastly, please take 30 minutes to listen to this program from BBC radio. It is a fair and balanced discussion of the benefits and challenges of a return to "the gold standard". It features two guys with whom many Turdites have become familiar, John Butler and Detlev Schlichter. Well worth your time even though it presupposes that "The West" will have some choice as to whether or not the world returns to sound money. Also, the arrogant AGA at 23:00 almost makes me homicidal. (If an admin can figure out a way to embed this audio, please do.)

Okey-dokey, that's all for today. See you on Tuesday.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jul 3, 2012 - 11:40pm

Afraid? Why? Vested in the system?

"I'm afraid any revolution in America's future will be closer to the French than our first one. We may hear things like 'We'll strangle the last politician with the guts of the last banker."'

I am not afraid of that. I'm hoping for it. Get rid of both.

Strongsidejedi Katie Rose
Jul 13, 2012 - 1:15pm

Food production - some thoughts for Katie Rose

@Katie Rose -

You are a great patriot and a dear friend, even though we've never met other than in this blog. I hope our conversations have been mutually beneficial. I have a few comments to substantiate your concerns about food production. But, it is also an opportunity for you and your local production.

After looking at a few hits on google for hay production, it's pretty clear that major universities are looking at the economics of hay production. That appears to substantiate your concern regarding the importance of hay production. If major universities across the middle US states are looking at the same research topic, there is a clear understanding of the issue being present. The question is how to gather the data on the economics of hay and whether or not government policies might be impacting the situation.

I found one USDA text file on California hay.

Hay may need a futures and production market just like soy, corn, or sugar. It is interesting that hay does not seem to have such a market. Frankly, after the debacles in the futures markets of our nation in the last year, the "normal" market may not truly exist.

See my Private message for more detailed information.



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