Turd for Nobel Prize in 2013

Fri, Oct 12, 2012 - 11:31am

I mean, why not? Plus, I could use the cash!

First, Al Freaking Gore wins the Peace Prize for...what exactly? And then O'Bottom wins it...why again did he win it? And now, the sanctimonious Nobel Committee awards the Peace Prize to...The European Union? WTF?!? Don't you have to be an individual to win? Is this what Alfred Nobel intended? "Let's just reward and congratulate ourselves on being such wonderful and peaceful bureaucrats!". Seriously? Seriously. Oh well, the EU does need the cash. So, the campaign starts today. Screw the presidency, I want The Prize!



One group definitely NOT deserving of any prize is The Evil Empire and their willing accomplices at the Comex. We've now had to endure Comex-opening beatdowns on 8 of the last 10 days. This is unbelievable and unprecedented. I don't think I've ever printed so many 1-minute charts and, frankly, I'm sick of it. Here are just a few:

And here are the "bloody gloves" from today's crime scene:

If I sound frustrated, it's because I am. These Comex games are enough to drive you to drink. We here know that physical metal is your only financial protection and investors worldwide are fast coming to the same conclusion. Regardless, the phony-baloney Comex paper price is still manipulated for the benefit of a select few. Whatever. Screw 'em. They'll get their comeuppance soon enough.

In the bigger picture on the longer-term charts, you can clearly see that they are making very little, actual progress. In fact, the shorts appear to be playing a losing game here. EVERY attempt to jab price lower is being met with stiff demand, not further selling. EVENTUALLY (soon), longs will be emboldened and, once some resistance levels are breached, the recent shorts will be forced to cover.

For now, keep your eye on $33.60 silver as this level has been attacked repeatedly this week and has held each time. Should a rally develop later today or early next week, our target remains $34.35. As, above there, shorts will begin to get squeezed and face capitulation.

And gold is looking to put in a "bowl" or "cup" shaped bottom on these charts. I'm always fascinated by these patterns when they come together as, when they work out, they almost seem predesigned and predestined.

Just two bits of reading today. First, Detlev Schlichter has penned another beauty: https://detlevschlichter.com/2012/10/we-are-on-the-road-to-serfdom

And our pal, Paul Mylchreest, has written up another lengthy report. Great stuff, as usual, and he was even kind enough to include a reference to some of our work here.


OK, that's all for now. Please check back later as I will try to post some thoughts on the CoT when it's released. It should be somewhat interesting as OI declined over the survey week and we'll get some idea of just who was selling/covering.

Have a great day!


About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 12, 2012 - 8:15pm

The Sinai Peninsula: Egypt

The Egyptian government has less than full sovereignty over the area. The 1978 peace treaty with Israel stipulated that the Peninsula be divided into demilitarised zones, and the Egyptian Army’s local operational capabilities remain limited today. The situation has not been improved by the recent influx of diverse weaponry from Libya, Gaza and Iran. An even greater lack of security oversight by the central government following the 2011 Egyptian revolution, gave radicals and criminals relative freedom of movement in the Sinai.

Read More https://stratrisks.com/geostrat/8622

Oct 12, 2012 - 8:28pm

FM / Those Shoes

FM by Steely Dan
EAGLES Those Shoes Lyrics
Oct 12, 2012 - 8:35pm

Lyndsey on Alex J's

Lindsey said today on Alex J's program.

1) food prices in America will double before June.

2) silver will be 75 by June.

3) there will be no collapse, just theft by inflation.

4)the ME wars will increase, Saudi Arabia is last.

Williams information has been 95% accurate.

Oct 12, 2012 - 8:50pm
Green Lantern
Oct 12, 2012 - 9:24pm

For all you health conscious

For all you health conscious preppers, I just ran across this article on arsenic in rice supplies. Enough that countries stopped importing it. White, Brown, organic or not.

Oct 12, 2012 - 9:37pm

Same Old Saga - The Cartel Just Wins

In short, I do not think physical demand is going to overtake the Cartel's ability to continue
it's manipulation of the markets - at least not anytime soon.

You would think the last official QE announcement, and the current state of the world economy, would
be enough to push physical demand over the paper price. Guess this line of thinking just isn't reality.

Personally, I am still unemployed and will likely sell just about all the sterling and gold items I have been
blessed to find and purchase at pennies on the dollar values. I actually have held them for some time and
told close family members that they were better than FIAT in the bank, but I am really starting to question this.

Is there manipulation? YES, there is unquestionable manipulation. Are there enough parties who give a crap
enough to stop the manipulation? NO, I am really thinking there aren't at this point in time.

To me, it just reads like the same old saga played over and over and over. When it seems PMs should
be gaining, some Federal report is released at just the right time to drop the prices or some world event
just happens to take place at exactly the right time to drop gold and silver. Over and over and over it happens time
after time after time.

So until something happens like the actual enforcement of US regulatory policy, well, I just do not see that much

Oct 12, 2012 - 9:58pm


Yeah, I guess you are just repeating what you were saying when Gold was at $350?

Oct 12, 2012 - 10:03pm

The whipping will continue

Until morale is totally destroyed.....and then; heigh-ho, heig- ho, it's off to $38 we go.

It may be the same old, same old again, but don't forget that when morale is as low as today, we are always close to a break out upwards. We may have some considerable downside still ahead, but I really think the duration will be short. And, if we do see a large sneak attack soon, the bounce back will be just as impressive. Don't forget that this time of year is the best for price increases, and that Dec. is a very big month for silver futures. Whatever happens between now and options expiry later this month, Nov. will be very good.

Bernank and TPTB may be messing with ALL the numbers before the election, but with all the focus directed there, and the high level disbelief already seen, this can't last long.

This feels like July all over again, but the buying pressure has been more pronounced this season, than I have ever seen it, in 11 years.

So, just saying, one to two more weeks tops, before we resume our ascent to high orbit.

That is how I see it.

jrobb316 Green Lantern
Oct 12, 2012 - 10:05pm

Rice is a staple at this

Rice is a staple at this house, even though I don't eat a ton of it. Since seeing that article a few weeks back, I made sure to buy a 50 lb sack that was grown in Thailand when we ran out a few weeks ago. Does it make a difference? Maybe, who knows. Rice is a great stacking item, at less than $1 a pound when bought in a 50 lb sack at an Asian food store (or Sams Club), its a deal.

Oct 12, 2012 - 11:07pm


a friend posted this at facebook:

Over five thousand years ago, Moses said to the children of Israel ,
"Pick up your shovels, mount your asses and camels, and I will lead
you to the Promised Land."

Nearly 75 years ago, (when Welfare was introduced) Roosevelt said,
"Lay down your shovels, sit on your asses, and light up a Camel, this
is the Promised Land."

Today, Congress has stolen your shovel, taxed your asses, raised the
price of Camels and mortgaged the Promised Land!

I was so depressed last night thinking about Health Care Plans, the
economy, the wars, lost jobs, savings, Social Security, retirement
funds, etc .... I called a Suicide Hotline.

I had to press 1 for English.

I was connected to a call center in Pakistan . I told them I was suicidal.

They got excited and asked if I could drive a truck.

Folks, we're screwed.
Silver Alert
Oct 12, 2012 - 11:29pm


I think I got the same call center but they asked me what size vest I wore.

Missiondweller jrobb316
Oct 13, 2012 - 3:00am


Yes it makes a difference. I buy Thai rice too. Here in SF its easy to get since we have lots of Asian stores. You'll see in the report that both Thai and Indian rice have much lower arsenic. Makes sense, in Asian countries rice is still a prime food staple. If its good enough for them it good enough for me. I keep an extra 25 lb bag in a plastic container. Its great for preppers and CHEAP!

Oct 13, 2012 - 5:35am

Democracy is not a good system. EU is not even a Democracy.

This is a great short film on forms of government. It calls democracy out!

Republic or Democracy?

Oct 13, 2012 - 7:07am

Good Morning from the Library of Economics and Freedom

Good Morning

As often is the case, Russ Roberts at the Library of Economics and Freedom has an interesting interview about monetary policy that gives insight into the history of the 'thinking' that goes on in the halls of academia and the Fed:

Garett Jones of George Mason University talks with EconTalk host Russ Roberts about the ideas of Irving Fisher on debt and deflation. In a book, Booms and Depressionsand in a 1933 Econometrica article, Fisher argued that debt-fueled investment booms lead to liquidation of assets at unexpectedly low prices followed by a contraction in the money supply which leads to deflation and a contraction in the real side of the economy--a recession or a depression. Jones then discusses the relevance of Fisher's theory for the current state of the economy in the aftermath of the financial crisis.

Play https://www.econtalk.org/

Oct 13, 2012 - 7:27am

What a tangled web they weave:

I love it when the wheels come off the bus, instead of going round and round (good thing I only taught my own children). I often argue that there is no one master plan, just many wannabe masters with many potential schemes. Sometimes they collude and sometimes their collusion does not work out as they intended. It is no surprise, really, that Europe would award itself a Nobel Peace Prize - they are in serious need of a make-over, and need people to look anywhere but at the structural foundation of their fantasy land (as worked for Obama, but not so well for Gore). But when they start fighting over money, you know to break out the popcorn. Me thinks they better award the peace prize fast, before Catalonia (to pick a region at random) bursts their bubble. Maybe Lagarde and Merkel could mud-wrestle and the loser (other than the audience) gets Greece.

>Greek Euro Exit Unavoidable if IMF, Euro Zone Can't Agree

The International Monetary Fund and Europe are still far from finding a common formula to tackle Greece's explosive debt crisis, with the IMF insisting on a "haircut" on the principle that Athens owes its creditors, while euro-zone governments dismissed the proposal because of political repercussions. The row could lead to an IMF withdrawal from the Greek program and an end to the Fund's financing of Athens. And while Europe can take on the IMF part of the lending in the short term, a refusal to restructure the debt will result in a giant gap that will be impossible to fill. European tax payers will push their governments to stop financing Greece and the country will default and be forced to print its own currency.

Angela Merkel, who has the biggest say on the fate of the euro zone, genuinely believes that Greece must remain in the euro as she repeatedly proclaims. If she does, she will have to go to the German parliament and ask approval for a Greek write-down, which could wreck her chances of re-election next year. But the alternative could be equally explosive. A Greek exit could well come before the German elections and the contagion effects on other bailed out countries such as Portugal and soon to be Spain may be disastrous.

Many economists have described such a scenario as the "end of the euro zone" and judging from the slow pace and indecisiveness that the Eurogroup has shown so far on tackling the continent's debt crisis this may well be the case. So the need for an agreement between the euro zone and the IMF is paramount. The IMF as a senior creditor can't accept losses of its own in the Greek program .... "


Oct 13, 2012 - 7:35am
Oct 13, 2012 - 7:49am

Oct 13, 2012 - 8:11am

Does this prize make me look fat .. uous?

EU's Nobel Peace Prize: Europe's press has mixed response:

European papers express surprise, some unease but also a sense of pride after the European Union was awarded the Nobel Peace Prize.


Most German newspapers lead on the award in Saturday's print editions.

"27 countries, 23 languages, 67 years of peace: we may all be a little bit proud of that," says the best-selling Bild newspaper on its front page.

Earlier, Bild expressed a sense of pride in its website banner headline "We are the Nobel Peace Prize", echoing its exclamation "We are the Pope" after Germany's Cardinal Ratzinger became the leader of the Catholic Church in 2005.

However, the paper also noted "huge astonishment at this decision".

A commentary by Guenther Nonnenmacher in the Frankfurter Allgemeine Zeitung says the EU's constant challenge is to create as much unity as possible without ironing out the differences which "make for Europe's charm and strength".

"The Nobel Peace Prize should encourage Europeans to make this effort and to continue to work on their joint project," he says.

Elsewhere, an editorial in Spain's El Pais agrees that the prize represents "moral support and encouragement to overcome individual nations' reservations, which impede decisive progress" towards greater integration, including "naturally, political union".

La Libre Belgique feels that the award is "timely". By awarding it to the EU, "the Nobel committee wanted to remind people that the European project... has had a civilising effect, making a large contribution to turning ancient enemies into partners and spreading democracy and human rights", an editorial by Oliver le Bussy says.


Nik Afansjew in Germany's Der Tagesspiegel says that prizes should be earned before they are handed out and points out that over the last four years the EU has been "synonymous with crisis"....


edit: I forgot the lovely picture that accompanied the article:

Jose Manuel Barroso and Herman Van Rompuy described the award as "a tremendous honour"

Van Rompuy should be/is the poster boy for entitlement and the first to remember the Tzars and Ceausescues and previous un-elected heads of Europe. I'll bet he's hoping for peace.

Oct 13, 2012 - 8:18am

Yeah, what he said:

Kelly McParland: Hey Nobel peace prize committee, Canada isn’t at war either:

This is Canada. Peaceful eh? And it's ALWAYS like this. Get it, Nobel people?

I’m pretty sure the Nobel peace prize committee just bought itself a regular spot on Saturday Night Live. How could it award a peace prize to Europe – yes, all of Europe — based on the fact that it’s not at war with itself, and not become a target of satire?

It’s true that Europe didn’t used to be a peaceful place. Starting roughly about the time someone invented the spear, one part of Europe has been trying to impose its will on other parts of Europe. Julius Caesar made his name by battering his way around Gaul, Hispania and Germania, forcibly introducing them to the benefits of Roman civilization. It’s hardly stopped since then. There’s been a French empire, Spanish empire, British empire, Austrian empire and a Holy Roman empire. Various popes spent much of the past two millennia dabbling in the fine arts of warfare, siding with one king or another based on how much loot might be hauled back to the Vatican. English kings measured themselves by how much of France they could seize before the French seized it back; Germany, in all its iterations, could never make up its mind between conquering the French, conquering the Poles, fighting the Russians or taking on the whole lot, all at one time. The only time no one was at war was when they were all too exhausted from being at war all the time.

Hitler seems to have solved that problem. The insanity of the war he provoked, and the cost it entailed for everyone involved, seems to have eliminated Europe’s taste for each other’s blood. Military technology has played a big part in that: when killing gets too easy and efficient on all sides, meaning the likelihood of invasion is that everyoneends up dead and the aggressor country ends up in ashes, the glory of trouncing the country next door loses some of its lustre. Besides, given the state of the European economy, it’s doubtful that any of the 17 European Union countries could afford to raise an army; if they wanted to, they’d probably have to borrow money from the European bank, which might be expected to say no, given the circumstances....


Groaner babaganoush2307
Oct 13, 2012 - 8:23am

Not so Nobel is it?

What a JOKE..

All segments of this society is accelerating the degrading of morality and decency that there is no hope for it.

Oct 13, 2012 - 8:26am

And there you have it, it was an A for effort

and a not s0 subtle plea to keep the illusion going, despite obvious failure:

"The EU is currently undergoing grave economic difficulties and considerable social unrest," [Nobel Committee Chairman] Jagland said. "The Norwegian Nobel Committee wishes to focus on what it sees as the EU's most important result: the successful struggle for peace and reconciliation and for democracy and human rights."


Oct 13, 2012 - 8:41am

Just listened to Norcini on King World

basically we should expect a continuation of selling early in the week.

$1740 in gold, maybe $1725,, silver $32.40?

Oct 13, 2012 - 8:49am

1739 would be a 'local 'retest

all this would make an even-better 'handle' for our 'cup'

good for stacking.

we know where its going soon.

we will never see 1675 again.

meddle magic
Oct 13, 2012 - 8:58am

King world news

You have your super bullish on one hand and the weekly commentary throws cold water on the PM's.

Oct 13, 2012 - 9:24am

I will no longer be asking for the moon. I want '55 Cancri e':

A diamond bigger than Earth?

(Reuters) - Forget the diamond as big as the Ritz. This one's bigger than planet Earth.

Orbiting a star that is visible to the naked eye, astronomers have discovered a planet twice the size of our own made largely out of diamond.

The rocky planet, called '55 Cancri e', orbits a sun-like star in the constellation of Cancer and is moving so fast that a year there lasts a mere 18 hours.

Discovered by a U.S.-Franco research team, its radius is twice that of Earth's with a mass eight times greater. That would give it the same density as Earth, although previously observed diamond planets are reckoned to be a lot more dense. It is also incredibly hot, with temperatures on its surface reaching 3,900 degrees Fahrenheit (1,648 Celsius).

"The surface of this planet is likely covered in graphite and diamond rather than water and granite," said Nikku Madhusudhan, the Yale researcher whose findings are due to be published in the journal Astrophysical Journal Letters....


Eric Original
Oct 13, 2012 - 9:30am
Eric Original
Oct 13, 2012 - 9:33am

Katie Rose

I'll have what you're having.

Katie Rose
Oct 13, 2012 - 9:43am

@ 145Bluesman

Thank You!

so much for the summary of Lindsey Williams' interview on AJ!

I, like many, appreciate his newest/latest information. I just do not have the time or patience for all the filler that accompanies his gems.

$75 silver by June!

YES!!!!!!!! YES!!!!!!!!!!!!!!! YES!!!!!!!!!

As for the increase in food prices, people are really going to be hurt and hungry. I hope everyone here is making appropriate preparations.

I'm not a big fan of stacking rice. We recently pulled out a 25 lb bag of converted rice that we had bought in 2008. We had been told it was the only kind of rice that would not grow rancid over time. It was awful. We had to throw it all away.

We are learning that there is a lot more to stacking food than we ever imagined.


El Gordo
Oct 13, 2012 - 9:50am


I'd like 2 eggs and a larger pistol please.

Oct 13, 2012 - 10:09am

Removed comment

Removed comment.


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