Head In The Sand

178
Fri, Aug 24, 2012 - 11:29am

In the past 24 hours, there's been lots of talk about a "return the the gold standard". Not surprisingly, the majority opinion comes from those who still have their heads buried deep in the sand or up their...

Hoodoo Gurus "Head In The Sand"

First, there's this from LIESman himself. What a jackass this guy is. The 1:30 minute "presentation" not only dumbs-down the discussion (I mean, seriously, explain the wisdom and economics of sound money in 90 seconds?) but note the carnival/ice-cream-man music the deltabravoes at CNBS chose to put in the background.

And CNBS also chose to run this companion piece in text form. It's made up almost entirely from bullshit and misinformation. I especially like how they quote as a source some clown from Royal Bank of Scotland who, later in the article, clearly (but unintentionally) lays his cards on the table as a died-in-the-wool progressive Keynesian. Here's some advice for you, Moorad: Forget about defending the current system and instead focus upon fixing the insolvency and "glitches" in your system that caused your bank holiday/disaster last month.

https://www.cnbc.com/id/48776347

On the bright side, here is at least a partially-helpful discussion of the reports from yesterday. But I despise this CNBS(E) anchor as he has an annoying habit of putting an "e" on everyone's name. My experience with people that do this is that they are attempting to show their intellectual superiority. What a jerk. I wonder, though, if I was a guest, would he call me "Turdy"?

Anyway, the point of all this is: It matters little what CNBS thinks. The opinion of some douchebag chief economist at RBS is insignificant. Whether or not the Republican platform states a desire to audit the Fed or study the gold standard is irrelevant. One day soon, with little or no warning, either China alone or acting in consortium will offer the world a new, asset-backed medium of foreign exchange. All of this nonsense political grandstanding cannot stop it from happening. The U.S. and the rest of the world will be forced to devalue and return to a gold standard. Period. End of story.

https://www.tfmetalsreport.com/blog/4103/nws

https://www.tfmetalsreport.com/blog/4103/nws

https://www.tfmetalsreport.com/podcast/3835/tfmr-podcast-22-john-butler-author-golden-revolution (Please listen to this again over the weekend and BUY THIS BOOK!!)

Are you surprised that the metals are hanging in there today? Are you amazed at silver? You shouldn't be. The game has changed and prices are not looking back. Again, there will, of course, be brief pauses for profit-taking. There will not be, though, another drop toward 26 and new lows. If you're thinking that, purge the thought from your head or head back over to Kitco. I'm sure that you and Nadler could make beautiful music together.

While I'm confident that the root causes of this rally will soon be apparent for all to see, anyone who considers him/herself a "Turdite" should be looking to buy all dips and continue to stack. Next week may bring some volatility in both directions as Sep12 option expiration is on Tuesday. This is not a big month of liquidity, though, so I don't expect it to be too crazy.

Gold is banging around 1665-1675 again. Hmmmm. Does that area ring a bell with you? If it doesn't, then you must be relatively new around here. The area around 1670 has consistently been significant because it is there that gold gapped open back on Sunday 8/7/11, following the late Friday 8/5/11 downgrade of the U.S. by S&P. Recall that this move set off a Great Panic amongst The Gold Cartel and price rose from 1650 to 1920 (16%) in just four weeks. Here's a chart from that fateful evening:

And here are your up-to-date charts.

And here's a chart I "borrowed" from Trader Dan showing gold priced in euro on the verge of a breakout to new all-time highs:

OK, that's all for now. I've got a new podcast for you which I will be posting later today. I'll also be posting my impressions of the latest CoT, once it's out. As mentioned, I expect it to be very interesting so please be sure to check back either later today or over the weekend.

Now go. Get some rest. Relax and be happy. The fun is just starting.

TF

p.s. Here's a little more Hoodoo Gurus for you to start your weekend.

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About the Author

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turd [at] tfmetalsreport [dot] com ()

  178 Comments

monkry
Aug 25, 2012 - 12:02pm

Hoodoo Gurus

Turd, after following this site for over a year, I had to join just to say (for what its worth), anyone embedding Hoodoo Gurus is good in my books.

TomMack
Aug 25, 2012 - 12:06pm

@DPH

That should be a silver spike to kill the vampire


Aug 25, 2012 - 12:29pm

Gold Standards, with an "s"

As usual the Daily Bell has done a great job cutting to the quick on this one. They give a good short synopsis of the different types of gold standards--yes, there are more than one. I would suggest taking a few minutes to read this article:

https://www.thedailybell.com/4213/Is-a-State-Run-Gold-Standard-Really-the-Answer

Here, in my opinion, is the heart of it...

Is government about to fix the price of gold again, God help us! Money is really quite simple. It is anything we agree upon. Gold and silver have emerged universally as money from time immemorial because these elements are malleable, portable, beautiful and durable.

Copper, brass, iron, corn, salt ... nothing else quite fits the bill, which is why gold and silver have always re-occurred and have held value despite the power elite's continual efforts to remove both elements as circulating money. The elites certainly hate gold when it is fully and freely circulated.

Nothing erodes Money Power more significantly or quickly than a circulating precious metals standard, especially one that the market itself moderates. That's the reason for all this renewed talk about gold standards, of course. The elites are trying to stay ahead of the curve.

If you hear such promotions, please ask why the government has to be involved with money at all. Like almost everything else, it would operate a great deal better WITHOUT government involvement. Or so it seems to us.

​When people in DC start talking about gold, I can only fall back on one of the greatest minds of the late 20th century...

Katie Rose
Aug 25, 2012 - 12:34pm

It took 15 minutes

to unwrap what took me over 2 hours to wrap last night. Difference between daylight and pitch dark.

And blessings of blessings, everything survived!

I am smiling!

The birds are singing!

And the goats are hollering to be milked.

I am very happy we had a lot of cut and unused floating row cover. Otherwise, this AM would have been a disaster.....

Today I buy more clothes pins and a head lamp. I also take a nap.

Vernon Wormer
Aug 25, 2012 - 12:38pm

Katie Rose

Congratulations! Hope for the best and plan for the worst. Our prayers are with you.

TomMack
Aug 25, 2012 - 12:41pm

katie rose

great! good news is always welcome!

Be Prepared
Aug 25, 2012 - 12:52pm

@Katie Rose - Thank Goodness!

Wow... nothing like feeling that every curve ball in the book is being thrown at you at the same time.... I'm glad that everything worked out! Hang in there!

Be Prepared
Aug 25, 2012 - 12:55pm
Be Prepared
Aug 25, 2012 - 1:00pm

Aug 25, 2012 - 1:01pm

For Katie Rose

The Cowsils_ The Rain, The Park, & Other Things
Be Prepared
Aug 25, 2012 - 1:02pm
monkry
Aug 25, 2012 - 1:25pm

Thank you

And welcome to Turdville.

Frankly, I'm surprised that none of the Aussie Turdites haven't chimed in earlier.

DayStar
Aug 25, 2012 - 1:36pm

Harvey Organ Should Be An Interesting Read Today

Starting today I intend to publish approximately five days a week a week summary of the Harvey Organ Daily Gold and Silver Report (https://harveyorgan.blogspot.com/). I summarize the key gold and silver statistics he reports, condense some of the articles he reproduces on gold, silver, and the economy, and I usually add some of my own comments to the mix. My emphasis is on protection of yourself, your family, and your assets by converting ALL paper assets to precious metals, particularly silver. All paper assets will eventually become worthless. Only gold and silver will protect wealth. A global economic collapse is inevitable. The collapse will most likely be followed by WWIII. As Ranting Andy says, "Protect yourself, and do it now!" God, grub, guns, and gold (Son, snacks, security, and silver) are your best insurance against what is coming. A link to the forum location is https://www.tfmetalsreport.com/forum/4132/harvey-organ-should-be-interesting-read-today

DayStar

Nick Elway
Aug 25, 2012 - 1:39pm

Competing Currencies and Gold Standards

@Puck Thanks! Rothbard is my guru

Ron Paul's Competing Currencies Statement (Last 2 minutes is the good stuff).

I approve of this statement:

January 20, 2010 Competing Currencies

1)Repeal legal tender laws

2)Legalize private mints

3)Don't tax gold and silver exchanges to/from each other or to/from fiat.

Jake.at.SSH
Aug 25, 2012 - 1:49pm

Silver COT Analysis From Jake's Take At SSH

Here's The Latest COT Report From The CFTC:

https://www.cftc.gov/...es/deacmxsf.htm

WOW!

--The commercial banksters have REALLY increased their net short position. This is the forth real significant change in a number of weeks, They are continuing to show a trend that should accompany a significantly higher silver price trend.

The banksters increased their shorts to 75,623 from the previous week's level of 71,199, but decreased their longs by a HUGE amount from 47797 to 43146 contracts last week.

This Is A Big Change! Some People Might Wonder If This Is Actually Bearish On The Short Term Price Trend. In Reality, The Banksters Have Virtually Unlimited Sources To Draw From In Order To Pound Shorts Into A Rising Price Trend. This Will Continue Until They Can See That Long Accumulation By Morons Who Step Up To Play In The Paper Market Is Exhausting. Until This Exhaustion Materializes, Extremes In Positions Occur. This Is Why Holding Physical Is The Only Way To Avoid, And Eventually Destroy These Criminals.

The most recent percentage of net bankster shorts as compared to the total Comex silver inventory has increased (VERY dramatically, this week), to 116.06% (this is a Huge rise from 83.18% last week and is now roughly 67% higher than the re-test low made on 7-15-2012 at 48.76%. Thus, we have seen a shift in trend in progress now for 4 straight weeks.

Here's how the chart shapes up:

We are now seeing much larger increases in the bankster net short positioning as their pattern of shorting into price rises Price has now reacted is on its way to higher levels. There are a lot of contracts to accumulate and unload. These patterns continue for longer than you might think. These banksters are playing for keeps and they are ruthless in their methods. Just sit back and watch the fun with buckets of physical in your possession!

BTW--I'm No Longer Concerned About The Anticipated QE3 On September 13th.

Last Week's Statement In COT Analysis 8-17-2012:

Maybe they want to wait until Aug 24th? Anyway, They sure know how to put everyone on the edge of their seat! It's so ridiculous--following this Ben Bernank criminal!

When I noticed The Expected Dissemination Of Shill Information Through Willing Bufoons At The CNBS and Bloom(Bilderberg) Networks Was Not Happening Fast Enough, I Became A Little Concerned, But, As We've Recently Seen, They've Now Begun To Leak "QE3 Propaganda", Making Me Feel At Ease That They'll Execute Their Necessary Currency Printing Press On Queque!

REGISTERED COMEX SILVER CATEGORY
The registered category has a even more dramatic look now. The net shorts as a percentage of Comex registered silver has risen to a level of 457% from the 330% last week. t's easier to see here than in the Total Silver Inventory Chart.

BTW---I Notice Others Ending Their COT Analsis With An Appeal For You To Write To The CFTC, Listing Their E-mails Addresses---COME ON PEOPLE!---ARE YOU THAT OUT OF TOUCH?---THE CFTC WILL NEVER LISTEN TO YOU---GIVE IT UP---AND DON'T WASTE YOUR INK WRITING THEM!---SO FUNNY! YOU REALLY THINK GARY GENSLER AND THAT HIPPIE ARE GOING TO DO THEIR JOB?---GIMME A BREAK---MOVE ALONG!


Now Get To Your Coin Shop Before Run Out!

opticsguy
Aug 25, 2012 - 2:07pm

West Nile

Heard this on the radio today. There has been an effective vaccine around for years for about $30 a dose. Unfortunately, it's for horses. The CBS report even admitted that there is no human vaccine because THERE IS NO MONEY IN IT. There are several hundred people in hospitals in Dallas county alone with west Nile, and several dozen have run up 7-figure hospital bills and probably will require 24-hour care for life. Luckily for the county, nearly all the seriously ill patients are over 65.

Now that big Pharma owns the whole medical-industrial complex, expect more of the same.

slightly off-topic, I know, but it's Saturday.

Edit: Some horse people up north emailed to say that the WNV vaccine is almost as bad as the disease itselft. Why the disinformation, then?

Jake.at.SSH
Aug 25, 2012 - 2:24pm
Magpie
Aug 25, 2012 - 3:18pm

OT

https://www.israelnationalnews.com/Articles/Article.aspx/12017#.UDkd6qBU2So

Op-Ed: Israel's EMP Attack Can Send Iran Back to the Stone Age

*********

https://www.infowars.com/israels-war-plan-the-complete-destruction-of-ir...

**********

https://www.wnd.com/2012/08/is-israel-planning-emp-attack-on-iran/

Israel also is assessed to be able to launch nuclear-tipped ballistic missiles from its German-supplied Dolphin electric submarines that could carry a one-kiloton or more device and explode over Iran, effectively neutralizing all of Iran’s electronics.

This would include Iran’s command and control capabilities and its ability to launch ballistic missiles in retaliation to a pre-emptive Israeli attack on Iran’s nuclear sites, which Western intelligence has assessed is a cover to make nuclear weapons.

Cononish1314
Aug 25, 2012 - 3:22pm

To da moon

R.I.P. Neil Armstrong. Takes an ethnic Scot to get you there.

But fear not. I am still here. And Ferguson is the right sort of name.

boatman
Aug 25, 2012 - 3:24pm

vaccines

with the exception of smallpox...........vaccines ARE worse than diseases the report to immunize you from.

why would a thinking person believe a 3 month old human could have a successful immune reaction to the recommende37d childhood vaccines given in an extremely short time.....worst being the MMR.....inject 3 supposed dead viruses into an incipient immune system AT THE SAME TIME!.......rediculous.

like polio....read salk's autobiography like i have........he says polio vaccine was his biggest single mistake.

in the european countries that DID NOT use it they had a much lower infection rate.

only a certain relatively small % of the population is susceptable to polio.

i could go on n on..........

soap box/off

maravich44 boatman
Aug 25, 2012 - 4:03pm
Fired
Aug 25, 2012 - 4:22pm

@DPH: Copper H&S

I have been looking at this and it appears to be just a little too obvious. I'll just say that if copper breaks 3.55 (only 6 cents away), its possible that the right shoulder H&S pattern is broken. On the other hand, if 3.30 breaks its probably going to play so $1.50-$2 copper would be the target.

opticsguy maravich44
Aug 25, 2012 - 4:23pm

west nile

I've found a majority of NaturalNews articles to be pure sensationalist pap. To connect WNV to fracking is CSPI-style "science", similar to giving newborns a friggin HepB shot before they can leave the hospital.

Hopefully WNV is like chicken pox. Get exposed while you're young and you get lifetime immunity.

Patrancus
Aug 25, 2012 - 6:30pm

" These were adopted because"

"These were adopted because these are the things that republican's agree on" says Marsha Blackburn

These things that Ms Blackburn is referring too are RESOLUTIONS that were advanced at the grass roots caucus level which began in earnest over 4 years ago. These things "resolutions" take time traveling up the party pipeline. For anyone who thinks that its just a lot of lip service by republicans to gain conservative votes, well they are probably one of those who like to rain on parties and position themselves on the fringe so they can scratch and pick on the everything that comes by, folks who never take the time to actually get active and work to change the system with the processes afforded within the structures of liberty and this republic. A standard if not in gold something else of ancient value is coming to the American republics money, its only a matter of time and pressure.

silver foil hat ¤
Aug 25, 2012 - 6:46pm

E. Klein Wapobummer blog "There’s no inflation problem"

I'm absolutely speechless. Words fail me.

Journ-o-listic stupidity has reached a new paradigm.

Unbelieveable.

rusty
Aug 26, 2012 - 9:27am

Hoodoo Gurus

Thanks Turd, I've got very little to say about the metals - just sitting and patiently watching and waiting. I do have to second monkry's sentiments about the Hoodoo Gurus. It was great to see their videos posted here. They're still going strong over here after thirty odd years. I'd be pretty happy to have a successful career of that sort of longevity. Anyway, thanks for all you do.

Strongsidejedi
Aug 26, 2012 - 10:33am

@Boatman - vaccines

Vaccines are very important.

The side effects of vaccines vary by the individual.

Side effects to the vaccines are a sign of appropriate immune response.

The only people who think vaccines should have NO effect are medically untrained people.

All vaccines are designed to generate an immune response.

The size of the immune response varies by the individual.

Without that immune response, the recipient would be vulnerable to the full disease.

But, I guess that's the idiocy of what the "we live on a flat earth, where women can prevent pregnancy through mind meld, and we didn't land on the moon" person believes.

It's absolutely moronic to go unimmunized for preventable diseases like polio, pertussis, tetanus, et al.

WNV needs a vaccine but vector borne disease is more difficult to immunize against.

The mosquito is injecting the germ directly in your body.

What fool would rather die of WNV than take a vaccine!

Magpie
Aug 26, 2012 - 12:32pm

@Strongside

wrong thread!

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