Another Parallel

242
Tue, Oct 23, 2012 - 10:40am

Continuing with the current theme, here's another reprint for you. Party like it's 2011!!

Just six, short days after calling "Turd's Bottom" and issuing a guarantee, (https://tfmetalsreport.blogspot.com/2011/01/1600-gold-by-june-10-2011.html) all looked lost. It was January 27, 2011. Prices had peaked three weeks earlier in the post-QE2 euphoria and now nearly every "maven" was dumbfounded by the continuing weakness. Sound familiar?

So, for today, I invite everyone to go back to "The Watchtower" and review this post:

https://tfmetalsreport.blogspot.com/2011/01/sour-grapes.html

You'll find all sorts of parallels to today...even references to the sudden appearance of a shadowy "insider" who had begun posting cryptic messages on the Yahoo Finance boards.

Anyway, keep the faith and hang in there. This, too, shall pass.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  242 Comments

Karankawa
Oct 23, 2012 - 6:33pm

OOPS!

The Green Manalishi beat me to it!

Punk-Assets
Oct 23, 2012 - 6:34pm

Feeling a lot better about the new uptrend

RSI at the target. Maybe a little lower but not much. Still wonder how fast a new rally starts. Have no idea but I say close enough for a buy in here. Now, if I just had some funds. lol

https://stockcharts.com/public/1178409/chartbook/260567602;

Istack
Oct 23, 2012 - 6:34pm

Interesting Article

https://www.thestreet.com/story/11744090/1/the-road-to-bullion-default-p...

quote:

However, as I have explained on several previous occasions; there is a (huge) price to pay for such manipulation. The low prices resulting from the banker-manipulation in their derivatives casino must lead to the destruction of inventories; with the long-term result being even higher prices than if no manipulation had taken place in the market at all.

This naturally leads inquisitive readers to ask the obvious question: as inventories collapse, how/when will a default occur in bullion markets? Here we must make a broad distinction between the gold and silver markets.

The Watchman
Oct 23, 2012 - 6:36pm
Patrancus
Oct 23, 2012 - 6:37pm

euro dummies

euro dummies wallowing in their own sargasso sea of debt have no choice but to support the white house dummie in chief, they need a guy in washington who understands how to keep government in the business of grand larceny, hocking the future of america's children and grandchildren into a world of debt slavery.

The Green Manalishi
Oct 23, 2012 - 6:38pm

@Bollocks - Paxman does the weather

Newsnight Weather Reports - Paxman resists
ballyale
Oct 23, 2012 - 6:51pm

Let's see now. amazing. Way off topic.

We've got this amazingly weird woman who think that deer can read signs and will change their migratory habits by simply having deer signs changed to less dangerous crossing places. This is from a women who has crashed into 3 deer. Apparently, she is the one who can't read signs.

2. https://news.yahoo.com/blogs/trending-now/arby-manager-fired-escaping-ar...

This poor woman who has worked and slaved for 23 years at Arby's is fired for being robbed when she opened the door expecting another employee who recently left to come back for something she forgot. Of course, Arby's was too cheap to install cameras or other devices after the store had been robbed multiple times. Talk about stupid. Blame the employee, not the robber. Blame the high price of Security apparrati (sic for those who never studied Latin) and blame the high cost, now higher cost of insurance against robbery. It wasn't Arby's fault. 23 years of faithful service and this is what she gets for it. Is it any wonder, people feel abused by the Corporate Kleptocracy and want a "Nanny State"?

What's really interesting are the comments and the replies to them. The people at the top don't care one whit about the working poor. Talk about class warfare.

And finally, our own maestro, John Corzine. Maybe they should fire all the investors at MFG for not locking the door? Oh! They did better than that. Corzine simply stole their money. And what's his defense? He spent $250,000 to buy MFG stock on the open market a few monts before the theft! This is about 0.01% of his wealth according to ZH. It sounds more like a premeditated cover up to me.

Here's the link.

https://www.zerohedge.com/news/2012-10-23/corzine-tells-judge-he-purchas...

Magpie
Oct 23, 2012 - 6:51pm

Pumpkin carving, redneck-style

Pumpkin Carving With a Colt 1911
ascalzilli
Oct 23, 2012 - 7:07pm

how bad

how bad do i want to run to my coin shop

Green Lantern
Oct 23, 2012 - 7:07pm

Obama Won (not wins) the Election

I really do not know but if I had to put a bet down. I'd bet O'bama wins.

CBS Affiliate Accidentally Runs Khyron Dated Nov 6 Declaring Obama Winner Of 2012 Election 43/40, With 40,237,966 Votes To 38,116,216 Votes

Video unavailable

http://youtu.be/Q2zYi2xn1jo

The 2012 presidential election is still more than two weeks away, but on Friday a CBS News affiliate in Arizona called the race for President Barack Obama.

(10/21/12 Story from Daily Caller)

For 17 seconds, Phoenix, Arizona CBS News affiliate KPHO ran a lower third graphic that showed that Obama had won the Nov. 6 election over Gov. Mitt Romney with 99% of the precincts reporting. The lower third graphic appeared around 3:30 p.m. on Oct. 19, during an episode of "The People's Court."

The CBS News graphic showed Obama winning the election with 43 percent of the vote nationwide to Romney's 40 percent --- or 40,237,966 votes to 38,116,216. It is unclear who garnered the other 17 percent in the fictional election results.

KPHO's general manager did not return The Daily Caller's request for comment by time of publication.

Folks, take your early voting ballots and throw them straight in the garbage -- KPHO, Channel 5, has already "called" the election for President Obama.

"The 2012 presidential election is still more than two weeks away, but on Friday a CBS News affiliate in Arizona called the race for President Barack Obama," writes Daily Caller "investigative reporter" Matthew Boyle.

The story goes -- which KPHO has since confirmed -- that a graphic popped up for about 15 seconds during "People's Court" on Friday, showing Obama as the winner of the upcoming election against Mitt Romney.

With almost all the votes counted, Obama got 43 percent of the popular vote nationwide, and Romney got 40, while the remaining 17 percent of votes weren't accounted for in the graphic.

The Daily Caller was apparently dead serious in writing that KPHO "called the race," because the following comment is the most wildly popular comment left on the article:

This is not funny. This smacks of a FIX IS IN on the part of the mainstream media that Americans aren't to know about until the night of the election, but someone slipped and gave the game away. An investigation should be conducted and every avenue of detection should get under way immediately, not just for the sake of the candidates, but for the American people ASAP.


And we thought yesterday that Rachel Maddow was being egregious in her description of "voter suppression" in Maricopa County.

GOP gossiper Matt Drudge also sent this KPHO story to his followers, so this appears to be something that people are actually believing.

KPHO has since put up an explanation of what happened on its website, which we can only assume was posted after some phone calls and emails from absolutely crazy people.

The following is a statement from KPHO CBS 5 General Manager Ed Munson.

"On Friday, Oct. 19, during a test of KPHO CBS 5's election returns software, we inadvertently aired a test graphic for about 15 seconds in an episode of Peoples Court. The mistake was caught quickly and taken off the screen. With the election about two weeks away, the TV station routinely tests its equipment to ensure our viewers have the very latest results on election night. We regret the error and apologize to any viewer who was confused by the mistake."
lightrider
Oct 23, 2012 - 7:11pm

Stock Market Crash

A question to TF and to all ... How can we have a precious metals rally with a stock market crash unfolding? This will inevitably have market sellers panic selling and jumping into dollars. It seems like we're looking at a classic "dollar flies, gold dies" scenario unfolding before our eyes.

Charts and patterns all take a back seat to a panic driven dollar rally (which it seems we are sailing into as we speak). Any thoughts on this unfolding drama? We're nervously thinking of selling our long gold and bailing out before this turns into a full blown stock market crash. We've heard the arguments that stock markets don't crash before an election. However, ... the election is just around the corner. What happens after that? It's looking grim. Add a Romney victory to that (good for the country -- bad for gold) and we are looking at a mess.

Any thoughts on this scenario from TF and company?

WineGuy
Oct 23, 2012 - 7:24pm

lightrider .....

"How can we have a precious metals rally with a stock market crash unfolding?"

The 1929-1932 period provides your answer. The only difference is todays period (2008-2012) is on steroids (derivatives).
RightLeftWrong
Oct 23, 2012 - 7:33pm

Our pal Corzine

How is this guy not in jail?

From the Romney Presidential Playing Card Deck

¤
Oct 23, 2012 - 7:36pm

5' 4" 100 lbs: Who am I ?

C'mon...can you imagine a 5'4" 100 lb man as President today?

Cable TV would be merciless on the guy.

(click to enlarge)

https://www.behance.net/gallery/Thud-Presidents-Edition-Infographic/5620965

stingbee30
Oct 23, 2012 - 7:40pm

RE: Everything is a consipiracy on this board

The reality is that internationally, President Obama is favored and liked by many leaders. He is a diplomat by heart whether you like it or not. Romney on the other hand is not trusted and has the "Bush Dilemma'' to deal with: most countries haven't forgotten the lies and the bullshit that came out of the Bush regime. During the Bush regime, America's image hit a new low. It had had to be one of the worst in modern times in terms of diplomacy and trust.

Clinksky keeps posting pictures of Mr. Obama visiting other nations and making him look like he is weak. No, it is called being respectful, and being the ultimate diplomat. He had to fix many of the relationships that were severed and bruised during the Bush regime (it is called the game of Politics and diplomacy). The Republicans and the Right-wingers cannot accept the fact that President Obama is a very likeable character. On TV, he comes across as being "genuine" and someone who cares about the poor and underprivileged or real middle class. He is humble and down-to-earth. On the other hand, the Vulture Capitalist Romney comes across as being an "elitist" and some with an identity crises. The thing that I liked about Bush Jr. was atleast you knew what he stood for. @Romney...you don't what you are going to get...it all depends on the occasion and the crowd.

So, there is no media bias towards Obama in the international front....The reality is that he is regarded with respect with majority of foreigners.

Swineflogger
Oct 23, 2012 - 7:41pm
dropout
Oct 23, 2012 - 7:42pm

Please Pass the Reality

From Grant Williams - A pure dose of reality. Pass it to your friends and family who still don't "get" it.

Extraordinary Popular Delusions And The Madness Of Markets
¤
Oct 23, 2012 - 7:52pm

How is this guy not in jail?

He has great lawyers and he probably has just enough 'insider' dirt on too many people.

Pretty sickening stuff.

SilverSurfers
Oct 23, 2012 - 7:53pm

OK, which one of you guys

I referred to this one early today, and so, which one of you guys is pumping?

Vedron Gold Inc. (VG.TO) -Toronto 3.29 Up 0.51(18.35%) 3:59PM EDT

Nice git, seems to running of late ....

My memory fades, but I believe this use to be the old Queenstake ...

got in a 33ct about 5 years back, memory fades ......

https://finance.yahoo.com/q?s=VG.TO&ql=0

====

yeap, this use to be queenstake resources, then yukon-nevada, now Vedron Gold.

QUEENSTAKE RESOURCES Careers and Employment | Indeed.com

www.indeed.com/cmp/Queenstake-Resources

About QUEENSTAKE RESOURCES. Queenstake Resources Ltd. is a gold mining company based in Denver, Colorado. Its principal asset is the Jerritt Canyon ...

Bollocks
Oct 23, 2012 - 7:54pm

@The Green Manalishi

re: Paxman - yes, very funny. He's one of the very few BBC News presenters who has his own mind and isn't afraid to use it.

¤
Oct 23, 2012 - 7:56pm

Only a matter of time: EU Split

German irritation grows as Britain mulls ‘velvet divorce’ from EU

Until recently, German officials tended to down play divisions with Britain when pressed about its semi-detached stance on Europe. Not any more. Now they tend to make their irritation plain.

“If someone wants to leave, you can’t stop them,” said one senior German official, summing up a view in Berlin that the door is open if Britain really wants to quit the European Union.

Read More https://stratrisks.com/geostrat/8831
Bollocks
Oct 23, 2012 - 8:15pm
Island Guy
Oct 23, 2012 - 8:28pm

Stock Market and Metals Prices

Lightrider brings up a point that I have been thinking about. If the stock market goes down, and money flees from stocks into some other investment to ride out the downturn, why not metals? Why is this not bullish for gold and silver, since all of that money has to go somewhere?

The answer has been covered repeatedly in Turdville - precious metals cannot be allowed to be seen as a safe haven or a possible alternative to the dollar as the world's reserve currency. The entire Ponzi will collapse if gold and silver are widely seen as alternatives to the dollar. As a result, whenever some event happens that would logically be bullish for the metals, massive manipulation takes place to scare investors away from even considering gold and silver as safe havens. It doesn't even matter what the event is - if it would be logically bullish for metals, then a pre-emptive strike is called and gold and silver are driven down right beforehand. Just so everyone knows not to even think about putting their money there.

If the stock market is really on the verge of a correction, expect major attacks against gold and silver right beforehand.

Bongo Jim SilverSurfers
Oct 23, 2012 - 8:37pm

Andy's playing Congas

and I'm only an hour away. Maybe the plan is to grab the statue of The Greeter in the middle of the night, then melt it - because under all that paint, it's really solid gold.

Prize Fighter
Oct 23, 2012 - 8:42pm

LIVE: streaming video of

LIVE: streaming video of Third Party Presidential Debate on RT now...

US Third Party Presidential Debate (Moderated by Larry King)
The Watchman
Oct 23, 2012 - 8:47pm
Dyna mo hum
Oct 23, 2012 - 8:49pm

All this talk about dogs?

What about "Mississippi leg hounds." That's the breed I have the most trouble with.

The Watchman
Oct 23, 2012 - 8:53pm

Bart-CHECK YOUR CALENDAR

CFTC’s Chilton Sees Silver Probe Concluding This Year

By Silla Brush - Jul 23, 2012 12:00 AM ET

A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.

“I am hopeful and expect the silver investigation to conclude in the not-too-distant future, hopefully in September or October,” Chilton, a 52-year-old Democrat, said in an e-mail. “It has already taken way too long.”

The enforcement division of the Washington-based agency, the main U.S. overseer of derivatives markets, began pursuing allegations of manipulation in the silver market in September 2008. Investigators have analyzed more than 100,000 documents and interviewed dozens of witnesses, the CFTC said in a November 2011 statement.

Chilton, who didn’t say whether the probe has uncovered evidence of manipulation, said previously that there had been“repeated attempts” to influence prices.

“There have been fraudulent efforts to persuade and deviously control that price,” he said at an October 2010 hearing in Washington. “Any such violation of the law in this regard should be prosecuted.”

Q
¤
Oct 23, 2012 - 8:55pm

Dogs w/lyrics

Video unavailable

The Interchemical Corporation explain the basic properties of light, including different colors of light, the behavior of light when it reflects & refracts, absorption of light, why objects appear shiny or dull, and how these properties of light are used by industry for creating dyes, pigments and inks.

Video unavailable
Groaner
Oct 23, 2012 - 9:02pm

Wow silver up on huge volume

What lit the fire?

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