History Is Written By The Victors

Yardwork can be cathartic. The sunshine, fresh air and freedom to think can provide you the necessary clarity.

We've been at this now for nearly a year and a half. My simple intention has always been to thwart the evil intent of The Cartels. When they manipulate and suppress price, it's easy to get discouraged and frightened. They want you to sell. They want you in paper. They want to perpetuate the system that grants them their power. I will not allow it. As long as I have this platform, I'm going to use it. And now is not the time for weakness, nor is it the time for obfuscation. We must be resolute and confident of our fate for we are on the right side of history.

First, you must understand that the Comex paper markets are now singularly populated with Cartel traders and HFT algos (WOPRs). Since the Comex is no longer a trusted and viable metal delivery platform, it has been reduced to a simple shell game where The Cartel hides the bean and shuffles it right before your eyes, occasionally letting you "win" but, ultimately, deceiving you into a big enough bet that, when they finally decide to end the game, you lose more than the winnings you'd previously accumulated. Only chumps and tourists are tricked into playing this "game" on the street. Don't be a chump. Your only "winning move" is to buy physical on every bout of paper price weakness. Take delivery and store it. 

However, I recognize that we live in a world where, to a great extent, paper still sets the price of physical. So if we are to forecast impending floors, tops and surges in physical price, we must be able to anticipate when and where paper price will react. My first inclination, of course, is to check the charts. I thought I'd keep it simple today and just give you daily charts with RSIs. Note that in both cases, the metals are within the zone I have predicted for a bottom and the RSIs are close to a bottom, too. Combining the two, it is clear that we are very close to a bottom of this manufactured "correction", likely within a couple of days.

paper_3-15amgoldd.jpgpaper_3-15amsilvd.jpg

However, the charts alone cannot provide us with a high enough level of confidence to march forward with full confidence. As we go forward, the disconnect between the paper illusion and the physical reality will become more stark. Though paper metal will still be quoted by various media and other agents of disinformation, underlying demand for physical will continue to be the primary determinant of trend.

To that end, I've recently uncovered a valuable new source of information. You see, being "Turd" has its privileges. Chief among them is the truly global list of contacts I have made. (Frankly it's astonishing and somewhat surreal. I'm even chuckling to myself as I type this.) In reaching out to these contacts, one connection led me to another, which led me to another, which led me someone whose insight and experience in the physical arena is invaluable. Let me assure you: He is not a figment of my considerable imagination nor is he himself an agent of disinformation. He is a real person and someone I feel that we all can trust. Let's simply call him "Winston".

In getting to know Winston, I feel that he has some great, extra perspective to add to the analysis here. I'm sure that he won't chime in all that often...frankly I wouldn't presume to bother him that frequently. However, from time to time, I hope to tap his vast knowledge of the international spot and physical markets so that all of us in Turdville can benefit from his unique perspective.

As this relates to the current Cartel shenanigans, Winston has passed along the following:

  • He, like us, observed the nearly 600 tonnes of paper gold that was unloaded upon the paper gold "market" at the initiation of this manufactured event. A clear sign that another Cartel attack had begun.
  • The selling has now progressed to the point that new spec shorts are being added daily. As noted here, this can be seen in the daily OI reports and indicate that the end of the decline is near, probably within the next 2-3 days.
  • Strong demand for physical gold at current price levels prevents any significant, further decline and sets the stage for a rapid, short-covering rally to begin once the trend shifts back to short-term bullish.
  • Because, post MFG, The Comex is no longer seen as a safe conduit for physical delivery, almost all new open interest there is paper-based, HFT and Cartel trading. (Confirming what I mentioned above.)
  • The HFTs that are currently short will be "tripped" back into "long mode" when gold recrosses and closes above the 200-day moving average, currently near 1680. Therefore, above that point, we should see an acceleration to the upside.

So, let's relate all of this to everyone here in Turdville. If you're trading, the possibility for additional downside still exists, however, we are very close to a bottom and there is likely some fiat to be made during the early stages of the recovery. If you're stacking, take advantage of this temporary, paper-induced drop in price to add to your stack. It is unlikely that you'll see gold and silver at these levels again soon, if ever.

Have a great day and keep the faith. We will be the winners in this fight for we are on the right side of freedom. We will write the history when the new era dawns.

TF

216 Comments

garrylindsay's picture

Wheres my "6 month" bucket.....

... gotta vom! Thanks Blythe for making my last 6-9 months, financially awful!

http://www.google.com/finance?chdnp=1&chfdeh=0&chdet=1331841600000&chddm=48875&cmpto=NYSE:BAC;NYSE:JPM;NYSEARCA:PSLV&cmptdms=0;0;0&q=NYSE:BAC,NYSE:JPM&ntsp=0

Hold over's picture

Not me! I bought some Shiney 

Not me! I bought some Shiney  gold eagles this morning cheeky

SRSrocco's picture

REPLY....DrkPurpleHaze

SORRY about taking up alot of space in the blog, but I thought it is important to show what a mess the Shale Gas Industry has become.  A great deal of Americans have been SOLD A BILL OF GOODS that this will be our SAVIOR.  Hell, even Ben Davis stated that there is no PEAK OIL in a recent interview on KWN.  I was simple astounded that a man of his character could believe that sort of thing.

Lastly... the graph that shows the DESTRUCTION of SHALEHOLDER VALUE was up until 2009.  Can you just imagine how bad it is now???

Jeeeeeesh.... I am simply amazed at the amount of STUPIDITY and IGNORANCE in the media and on the internet.  Shale gas is only one aspect of the CESSPOOL of INSANITY.

It gets even worse when we look at the DIESEL-FUEL CONSUMPTION in the mining industry.  This will be discussed in my next two articles.

Thanks for the opportunity in presenting some of this information here on Turds Blog.

BUDDHA PRINCESS's picture

Gold Outlook Calls for Deeper Losses,Copper Aims Higher on US

Gold Outlook Calls for Deeper Losses, Copper Aims Higher on US Data

Talking Points

  • Copper Prices May Recover as US Economic Data Boosts Growth Outlook
  • Gold and Silver Selling Likely to Continue as Inflation-Hedge Demand Fades
  • Crude Oil Has Scope to Recover as Markets Digest Yesterday’s News-flow

Commodity prices are looking to the upcoming US data set for direction cues as global economic growth concerns remain in focus, with the markets looking to a faster recovery in North America to offset a widely expected recession in the Eurozone. Expectations call for somewhat mixed results.

The Empire Manufacturing Activity gauge expected to tick lower in March having hit a 20-month high in the previous month. Meanwhile, the Philadelphia Fed measure of business confidence is forecast to rise for the fourth consecutive month to hit the highest level since April 2011. Against this backdrop, the weekly Jobless Claims data may serve to tip the scales of sentiment. Economists expect continuing and initial claims to decline in the first and second weeks of March, respectively.

On balance, the markets appear cautiously positioned for a positive outing. S&P 500 stock index futures are pointing higher, hinting risk appetite remains generally supported. The Empire print is expected to be the only major blemish on the data set, which is unlikely to undo the boost from otherwise rosy results if the pullback proves to be as shallow as forecasts suggest, leaving January’s breakout from the downward trajectory in place since October 2009 intact.

This means growth-sensitive copper prices are likely to find some a near-term recovery catalyst after yesterday’s selloff. The results are also likely to further discourage QE3 expectations, maintaining pressure ongold and silver prices as traders abandon the need for an alternative store of value. The likely implications forcrude oil are not as clear. Prices fell yesterday after US crude inventories rose and Saudi Arabia pledged to make up any supply shortfall from reduced Iranian shipments. With those factors likely to be mostly priced in at this point, at least a modest pull-up on the back of a firm set of US economic indicators seems reasonable (especially given yesterday’s drop).

WTI Crude Oil (NY Close): $105.43 // -1.28 // -1.20%

As we suspected, prices broke lower after putting in a Bearish Engulfing candlestick, with sellers taking out 23.6% Fibonacci retracement support at 106.50 to expose the 38.2% barrier at 104.38. The 106.50 level has been recast s near-term resistance.

Gold_Outlook_Calls_for_Deeper_Losses_Copper_Aims_Higher_on_US_Data_body_Picture_3.png, Gold Outlook Calls for Deeper Losses, Copper Aims Higher on US Data

Daily Chart - Created Using FXCM Marketscope 2.0

Spot Gold (NY Close): $1644.88 // -29.22 // -1.75%

As expected, prices moved lower after putting in a bearish Dark Cloud Cover candlestick pattern below support-turned-resistance at 1719.76. Sellers are now testing 61.8% Fibonacci expansion support at 1637.93, with a break below that exposing the 76.4% level at 1619.32. Initial resistance is marked by the 50% and 38.2% Fibs at 1652.97 and 1668.01, respectively.

Gold_Outlook_Calls_for_Deeper_Losses_Copper_Aims_Higher_on_US_Data_body_Picture_4.png, Gold Outlook Calls for Deeper Losses, Copper Aims Higher on US Data

Daily Chart - Created Using FXCM Marketscope 2.0

Spot Silver (NY Close): $32.19 // -1.22 // -3.65%

Prices completed a Head and Shoulders top with a break below the formation’s neckline at 32.97, the 38.2% Fibonacci retracement level. Initial support has been found at 31.67, the 50% Fib. Continued selling from here aims for the 61.8% retracement at 30.37. The 38.2% level has been recast as near-term resistance. The Head and Shoulders setup implies an overall downside objective at 26.84, which closely coincides with the late December bottom.

Gold_Outlook_Calls_for_Deeper_Losses_Copper_Aims_Higher_on_US_Data_body_Picture_5.png, Gold Outlook Calls for Deeper Losses, Copper Aims Higher on US Data

Daily Chart - Created Using FXCM Marketscope 2.0

COMEX E-Mini Copper (NY Close): $3.848 // -0.054 // -1.38%

Prices put in a Bearish Engulfing candlestick pattern below falling trend line resistance connecting major highs since early February, hinting a move lower is ahead. Initial support lines up at 3.808, the 23.6% Fibonacci retracement, with a break below that exposing the 3.696-3.713 area anew. Trend line resistance is now at 3.921.

Gold_Outlook_Calls_for_Deeper_Losses_Copper_Aims_Higher_on_US_Data_body_Picture_6.png, Gold Outlook Calls for Deeper Losses, Copper Aims Higher on US Data

Daily Chart - Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

Tecumseh's picture

With respect to the political

Since this thread is veering off into the political realm a bit, and because politics influences economics and finance, let me just say one name to explain everything you need to know about Barak Hussein Obama: Saul Alinsky.  If you have not read up on Alinsky's influence on Obama, Hillary Clinton, and the rest of the Statist Party menace, you had better do so.  I, too, for the first two years of his Presidency, tried to find a reason to continue to give him the benefit of the doubt.  That is, I tried to convince myself that all that I knew about Obama--from Alinsky to his terrorist friends to Jeremiah Wright to his ACORN connections to his Chicago political connection--was something he had overcome and that, in his heart, he really was trying to do the right thing and to do what he believed was good for the majority of Americans and their prosperity.  Well, if his duplicity, lies, and deceit had not convinced before, then certainly his duplicity, lies, and deceit throughout the Obamacare/Statist putsch certainly carried the day.  When he and his Democrat cronies in Congress lied, bribed, and deceived their way to passing, in spite of 200 year old rules that would otherwise have prevented it, the single largest power grab since Lincoln attacked and subjugated an entire sovereign nation, it was clear that he and Reid, Pelosi, Frank, etc were hellbent on bringing down the system as it has existed since WWII.  Plain and simple--do within the American system of government and politics what Alinsky had taught them to do in neighborhood organizing.  Destroy so you can rebuild the thing in your image.  Divide people, use identity politics, play the race card at every turn, shout down your opponents, use the propaganda machine of the MSM to call the blue sky, red, and the green grass, purple.  The election of 2012 will reveal whether American's have any chance at all of restoring a proper Republic.  I sincerely doubt it will happen.  What a shame.  Indeed, for letting it happen, we should all be ashamed. 

FMOTL's picture

VAT FREE SILVER

A little reminder to our British , Irish and European readers on how to avoid getting mugged for up to 20%(here in UK) Value Added THEFT on silver purchases ( lets start using proper language now, TAX is just a fancy word for stealing, thought up by your rulers/owners so you would,nt clock that you were being robbed, its not voluntary and is backed by the threat of violence i.e the definition of armed robbery). You can get more metal for your money by picking it up second hand at car boot sales,antique markets, auctions, pawn shops,(get to know the owner and tell him you will buy his scrap on a regular basis at scrap market rates , remember sterling is 92.5%silver). Get yourself a reasonably accurate set of scales,a magnet (silver is NOT magnetic) and some silver testing acid (available from Cooksons online), acid turns blood red on silver , green ,yellow or anything else is no good, dont get fooled by silver plate its worthless or rather only worth the brass content so picking it up for pennies might still be worth something, if its marked EP or EPNS that stands for electro plate or electro plate nickle silver , British sterling should have a lion passant (looking ahead) or lion gardant (looking over its shoulder) on the hallmark. All my cutlery is now solid sterling, so beautiful and so nice to eat off, and of course germ free(silver anti-bacterial). British coins up to 1919 are sterling silver ( hence pound sterling), from 1920 to 1947 they went 50/50 and thereafter just cupro/nickle. Notice how our money was debased almost immediately after both major wars, they quite literally bankrupted us. 

BUDDHA PRINCESS's picture

CME's Daily Delivery Report

It was another quiet delivery day on Wednesday...and the CME's Daily Delivery Report only showed that 32 gold and zero silver contracts were posted for delivery tomorrow.

by Ed Steer

 
tread_w_care's picture

Hey nibblers . . .

Looks like this nibbler, for one, waited a bit too long:

http://www.providentmetals.com/bullion/gold/foreign-g/mex-g-peso.html

My favorite Mexican fractionals from a preferred vendor are all "Temporarily Out of Stock" - except the 50 and 10 peso.

Bummer.

BUDDHA PRINCESS's picture

Silver analyst Ted Butler's mid-week commentary to his paying su

Silver analyst Ted Butler's mid-week commentary 

"The current deliberate smash down in prices today is following the usual script. It is very important that you understand what is happening. Silver (and gold) prices are not declining because leveraged long speculators on the COMEX started selling. Prices were deliberately set lower in order to induce that leveraged long liquidation. It’s all in the sequence of events; prices are set lower first, then the selling comes in. Prices are set lower through HFT, usually at times when trading is thin, through collusion among the traders identified as commercials, but who are in reality only speculators out for a quick buck. This collusive price rigging is at the heart of everything illegal under US commodity law."

"It is very simple to prove that the COMEX commercials are acting collusively to rig the price of silver and gold. The proof lies in what occurs as a result of the price rig jobs to the downside. The results of current deliberate price smash are no different from the results of all the previous deliberate price smashes over the years. The results are always that the commercials are big net buyers on these sell-offs. I have never seen an exception to the commercials buying on the big sell-offs. You need look no further than last week’s COT which I discussed in the weekly review. A big down move in price always equals big commercial buying. Always. A reasonable person would have to question how such results could be possible in a free market. Are these commercials such skilled traders that they are always big net buyers of COMEX silver and gold contracts on the big down days? Or are they just the luckiest sons of guns in the world?"

"I would submit that it is neither skill nor luck that enables the commercials to always be big net buyers on the important down days, as that is just not possible. To believe that is to believe a fantasy. Such results can only be achieved through collusion and intent. The commercials are always big net buyers on the big down days because they planned and coordinated the down moves in advance. That planning and execution could not possibly be achieved without coordination and collusion. This is not some way-out conspiracy; this is reality. It is also highly illegal."

"Silver approaching neckline of a Head and Shoulders pattern". "Intermediate term, we don't want to see the neckline fail with any follow through... see chart". The link to his blog is here.

Spazz's picture

@ Tecumseh. This thread didn't veer into imagination land

I know this is a place where we like to bounce around conspiracy theories and all that, but that's a whopper of tale you're spinning there.  I think you would be better served at silvergoldsilver.com

BUDDHA PRINCESS's picture

Fitch Puts U.K. Debt on Negative Outlook Days Away From Budget

Fitch Ratings said Britain risks losing its top investment grade because of its limited ability to deal with shocks, days before Chancellor of the Exchequer George Osborne will present his annual budget.

Fitch changed the outlook on Britain to “negative” from “stable,” indicating a “slightly greater” than 50 percent chance that the AAA rating will be reduced within two years, the company said in a statement in London late yesterday, citing the weak economic recovery, high debt levels and threats from Europe’s debt crisis. Osborne will meet coalition partners later this week to agree on a budget he will present on March 21st.

Posted on Bloomberg   and the link ishere.

¤'s picture

SRS

Try not to worry about taking up too much 'space'.  Unless it's 4 feet long wink

Thanks to TF, we almost have a virtually unlimited canvas to expand our thoughts. It nice to see the passionate and well informed posts you put out and having plenty to say about it is an indication you're trying to keep all of us well informed.  I love that type of stuff.  Be Prepared's another one who just lays it out there with charts, graphics and well thought out and articulated posts for all of us.

There are many of you Turdite's who actually do this on a regular basis so I'm speaking to many of you when I mention this aspect of the site and the subject matter. Lots of smart and well informed/opinionated Turdite's out there for sure.

Imo, providing  in-depth content only adds to the sites overall appeal. Diversity and passion are key elements in T-Town. 

BUDDHA PRINCESS's picture

Gold bull trend intact above $1,600, Grandich says

Market analyst and mining company promoter Peter Grandich remarked yesterday that even the beating gold has taken over the last week doesn't undo its bull market. Grandich reads gold's chart to say that the uptrend's support line is at $1,600.

From a GATA..and the link ishere.

Kcap's picture

Re: the Whistleblowers suggestion on last thread, P.6 - TURD?

Any thoughts here?

Kcap

ps. I can make things happen quickly.  Can do a personal phone call or email if need be.

Spazz's picture

@ tread_w_care. Pesos?

I'm having a hard time convincing my self to buy pesos, even though the premium is good.  I'm just wondering if you think that Mexican coins are widely recognized and their gold content is well know.  I don't feel confident in that respect, especially in a SHTF scenario.

Big Rocks's picture

SRS

Glad to see you posting here SRS. I've always enjoyed your perspective even if I don't always agree with your conclusions. You do some very good research and I for one appreciate your efforts. Please Keep it up. You add alot to this blog. Many thanks

Big Rocks's picture

SRS

Glad to see you posting here SRS. I've always enjoyed your perspective even if I don't always agree with your conclusions. You do some very good research and I for one appreciate your efforts. Please Keep it up. You add alot to this blog. Many thanks

¤'s picture

Kcap

Any post in particular? There are many of them on the JPM thing.

That whole whistle blowing thing could get real interesting if they allow it to. But only if there's any substance behind it. 

You thinking of calling Big Ben directly on this one? wink

Turd Ferguson's picture

Kcap

MODERATOR

It's a solid idea but I have to think about the ramifications of such a move.

Let me chew on it over the weekend.

JY896's picture

Whistleblowers and Greeks leaving large wooden gifts

It takes a lot more than just a sympathetic ear or a trusted friend at the paper to get an Op-Ed published in the NYT. IT takes SANCTION from higher up. MUCH, much higher up.

"I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact."

Also, do you think a 33-yr old with enough brains to head an equity derivatives desk at GS is dumb/suicidal enough to think he could do this without it being a part of 'taking one for the team' OR being protected by a much larger entity who can make it obvious that Greg Smith was just a pawn, and retaliation against him is futile / counterproductive? Otherwise, the future is bright until the next time an 'oilslick' or a 'reckless driver' or a 'swimming accident' -- not to mention tax audits in perpetuity for any member of his family or circle of friends.

Some alternative options:

a) cannibalism among the elite -- one faction attacking another
b) GS damage control (there are MUCH bigger, much uglier skeletons in warehouse-sized closets about to be aired out). They need to shift public perception to be 'hey,this is just the way WS firms do business. It ain't pretty, but it's competition'. There nothing ILLEGAL going on here, just normal business practices pushing the envelope of financial innovation, Your Honor.
c) a slap on the wrist from the .gov faction of the theater, telling the banks (not just GS) to cool it until after the elections

The CFTC comment letter from a Morgue whistleblower published by Silverdoctors? I would defer to Tyler's opinion on this one:

"For that purpose, we strongly caution anyone who considers submitting such disinformation attempts from doing so as it will merely impair and discourage any just intent of validated and justified whistleblowing, either at JPM or elsewhere."
http://www.zerohedge.com/news/jpm-metals-whistleblower-letter-complete-fraud-or-just-total-mockery

Don't get me wrong, far be it from me to disparage telling the truth. But do so in a way that a) actually helps people, and b) keeps you protected. The above was mainly show at best, disinfo at worst. Next time, grab a few cubic feet or GB of files.

robov's picture

GDX/HUI

Anyone else notice what appears to be any lack of response from the GDX and HUI as gold rallies. The GDXJ seems to have responded but there is great pressure on both the GDX and HUI.  Are we not just seeing some short covering at these levels with an expectation of maybe one more push down? Any thoughts?

tread_w_care's picture

@spazz RE: Pesos

Somebody shared this link with me when I first got interested in PMs.  I found it to be reasonable, though, I don't really know these guys.

http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver

Four Bullion Portfolios

Please note that our recommendations vary depending on your concerns and the market. If you want to invest in gold and silver to protect your assets and have something easily divisible and spend-able to hedge currency depreciation or collapse, then:

  • If you have $5,000 or less to spend
    At least half in silver (either US 90% silver coin or 1oz. Silver Rounds) and half in British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5 or 2) or some other inexpensive, fractional gold coin.
  • For $10,000 buy
    Two-thirds US 90% silver coin or 1oz. Silver Rounds, with the balance divided between a fractional coin like British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5, or 2) AND Krugerrands, Austrian 100 Coronaes or Mexican 50 Pesos.

--snip--

Why do you recommend older-issue, foreign fractional gold coins instead of modern issues or American Eagle fractionals?

Modern issues like American Eagles, Maple Leaves, Philharmonics, and Nuggets include half, quarter, and tenth ounce coins: the smaller the coin, the higher the cost per ounce. With the smallest coins, premiums over the gold content approach 15%. That makes no economic sense because gold is gold. British sovereigns (containing 0.2354 troy ounce fine gold), French 20 francs (0.1867 oz.), Swiss 20 francs (0.1867 oz.), German 20 marks (0.2304 oz.), Netherlands 10 guilders (0.1947 oz.), the whole series of Mexican peso coins, and a number of other gold coins offer lower cost per ounce and good liquidity. Not recommended are gold coins so infrequently seen in this country that you will suffer a big discount when you sell them, such as Iranian pahlavis (0.2354 oz.) or Saudi guineas (0.2354 oz.). If you can’t sell them, they’re not a bargain.

That page is a real good guide to get started, IMHO, and passes the "common sense" test.

 

 

Xeno's picture

Good Grief Charlie Brown

So the basis for Lassonde's possibility of a 20% jump is an attack against Iran? 

Good grief, the govt. boogiemen have been threatening this for a decade. It ain't working. And now they start threatening those calling their boogieman booooya bluff? Good grief.

seadocks's picture

@SRSrocco

Great commentary on shale gas. 

However, Chesapeake (and others) are moving (big time) into horizontal oil drilling in the Bakken and other developing oil plays.  As you know, production drops off faster in oil shale than in conventional formations.  But the price of oil is much higher relative to cost of production.

Do you have thoughts on profitability of shale production of oil?  And thus the long term sustainability of such?

Thanks.

LeeHo's picture

AU AG for a while maybe longer if I do

tread_w_care's picture

p.s. @Spazz, SHTF scenario . . .

IMHO Gold is NOT for the SHTF scenario . . . that's what junk silver is for.  If you don't have yourself a big pile of 90% junk U.S. silver coin, start there.

Alas, mine was all lost in an unfortunate stand-up paddleboarding incident in the intracoastal waterway.  Whoops.

Gold is for wealth preservation and re-entering the currency market, whatever it settles on (Renminbi anyone?) well after the SHTF and economic activity is starting up again in earnest.  Again, JMHO.

Turd Ferguson's picture

for anyone wondering

MODERATOR

This is how bottoms are formed and reversals begin. You may be seeing it right now, in real time.

Rallies that suddenly appear from nowhere inspire short-covering. Short-covering leads to some new long nibbling which, in turn, leads to more short-covering. We saw this at the end of December, too.

https://www.tfmetalsreport.com/blog/3211/revise-and-extend

It would strongly encourage everyone to go back and review this, too:

https://www.tfmetalsreport.com/blog/3218/how-bout-some-charts

Tabberto's picture

Thanks Turd

pleased to hear your 'little silver/gold book' is expanding!

everything you relate in this thread sounds absolutely right to me.  Absent the possible overall liquidation/banking collapse event that could drive further freefall paper selling I agree that this is more or less the interim flushout moment.  The doomladen and gnashing of teeth nature of some of the comments in the previosu thread also smell of the kind of sentiment indicator we should all be looking for.  or maybe the idea of sarcastic wailing to draw in the HFT bots is all that was! wink

Animal Sacrifice's picture

@Eric O

LOng time no see, old friend. 

Nice call on the platinum, BTWyes

Hi Eric O!

I post from time to time mostly to exhort people to question their premises which I often consider very sheeple and shallow. Turd's included.

Platinum has lots more to go vis-a-vis gold to make it back to the mean ratio but I'm in no hurry; the last time I played gold/plat ratio it took over a year. I do regret holding on to two small holding in SLV and GLDX though really they would have made only a tiny difference if I had sold them back when to buy PPLT.

Are you still playing the gold/dow ratio? It's still premature, but I'm looking for some where to deploy my IRA funds (now over one million $!) after I get out of all this platinum.

Ibu Aye fun o mi opolopo owo

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