Your Mother Was A Hamster

329
Tue, Feb 12, 2013 - 11:51am

You don't frighten us, Cartel PigDogs! Go and boil your bottoms, you sons-of-a-silly person. I blow my nose at your so-called Jamie-King. I will not deal with you no more, you empty-headed animal food trough wiper. I fart in your general direction. Your mother was a hamster and your father smelled of elderberries. Now go away and let the metals rise or I shall taunt you a second time!

Monty Python and the Holy Grail - The Insulting Frenchman

We stand alone and taunt our enemies. There are those who choose to capitulate and run in fear, led astray by mainstream MOPE and newsletter-writing shills. That is not us. We prefer to think for ourselves. We observe the facts and act accordingly. The paper traders may influence price on a daily basis but we have time, fundamentals and the simple laws of economics on our side.

Paper price has once again fallen to actionable levels, for those willing to trade in the casino. Gold and silver, when measured by spot price versus futures price, have moved to levels of backwardation not seen since early 2009. And this is an Asian holiday week. Several Asian markets come back online tonight and more reopen on Thursday. Physical buyers will return in earnest and paper traders will be forced to hedge and cover. https://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO20130211 & https://www.scmp.com/business/article/1148181/year-snake-year-buy-gold

The charts below illustrate the opportunity. Long-term stackers should be using any and all weakness to continue their accumulation. But...IF the "markets" present us with another opportunity to purchase some paper at a sub-1640 gold price or a near $30 silver price, consider it a gift. Be ready to act.

And here are your other random, assorted items that I've collected over the past few days. First, this very interesting blog piece, sent to me via email. It discusses the inaction regarding the implementation of the Dodd-Frank law. Keep in mind as you read it that, in the U.S., we supposedly elect representatives to go to Washington D.C. on our behalf. These folks are charged with considering and crafting laws for the general betterment of the nation. But then the kleptocracy gets involved and laws are subverted and undermined. https://www.dailykos.com/story/2012/10/17/1142285/-ISDA-v-CFTC-How-A-Judge-Abused-His-Power-For-Wall-Street

Here's something that will leave you with the impression that the stock market is about to go into the toilet: https://www.gold-eagle.com/editorials_12/long021013.html

You probably should spend some time listening to this: https://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/10_Eric_Sprott.html

And this research report is lengthy but worth your time, even if you just skim it.

QBAMCO - Locked & Loaded by zerohedge

We've been watching the Yen sink like a stone since October and it looks like the subject will be on everyone's mind in Moscow later this week, when the full G-20 meet. https://www.chicagotribune.com/news/sns-rt-us-g7-forexbre91a0fs-20130211,0,2456971.story. It's perfect timing, actually, as the Japan situation will serve to distract any and all conversation away from what's really going on...the inexorable march away from the dollar and every other fiat currency. Jeff Nielson has begun a new series meant to discuss these issues and Part 1 can be found here: https://www.bullionbullscanada.com/intl-commentary/26059-the-currency-war-part-i.

And this Bloomberg video is terrific. It discusses the "currency wars" but, from about the 3:00 mark on, the panel has a reasoned discussion of the gold standard. What kills me is the fixation upon the standard being unworkable because "gold is $1675". One of the guys suggests the real solution (which will happen) which is a revaluation of gold multiples higher. Unfortunately, that comment is quickly brushed aside and the conversation continues in a different direction. Regardless, this video is a must watch. Please do so. https://www.bloomberg.com/video/would-returning-to-gold-standard-end-currency-wars-_F9BhBKjR0WlvdP_8xdsqg.html

Now, go have a great day and enjoy taunting The Monkeys.

TF

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  329 Comments

usk · Feb 12, 2013 - 5:47pm

3 words and 100 000 views

Last ticker from Deninger is breaking all time record: 100 000 views, 17 pages of comments and absolutly nothing inside. 

It Has Started that is all.

Insane!

· Feb 12, 2013 - 5:51pm

Mardi Gras

Ok, I never post video's on main street. But since i just posted a doom and gloom post on Mardi Gras, I should at least try to put something out there related to today's celebratory events. 

Turd who is that slick young guy that your daughters listen to? I forgot his name. Sounds like 70's Kool and the Gang. Ok, he ain't bad. A little slick. Doesn't look like he shaves yet.

 Well slap these bad boys on for your daughters. These guys put spit on their notes and a bit more raw. But a new generation of outstanding New Orleans Musicians with a modern vibe

For all you folks out there from the "love" generation. you know make love, not war. This ones for you. 

"We Make them Say Oooo"

Stooges Brass Band perform "We Make Em Say Ooo" at Red Bull Studio Sessions

This a little less risque with a social statement. But it is a bad ass groove.

Stooges Brass Band perform "Why" at Red Bull Studio Sessions

If the doom and gloom gets to you. MOVE YOUR HIPS and NEVER get old in your thinking. The world can fall apart but nothing can effect your state of being unless you allow it.

ClinkinKY ag1969 · Feb 12, 2013 - 5:53pm

Drone strikes are being considered...

... to end it before SOTU. Question is: on who...Dorner, a B.O. "fan", or LEOs?:)

-------------------------------------------------------------------------------------

I am willing to bet

Submitted by ag1969 on February 12, 2013 - 5:34pm. Hat Tip! 1

that guy is dead before the State of the Union

S Roche · Feb 12, 2013 - 5:56pm

I posted this question the other day...anyone, anyone?

and Michael George, the author of this report: https://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf that I linked to the other day is quoted by Reuters in the report Turd linked to: https://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO... and yet no-one has taken up the 200 tonne discrepancy and attempted to explain it...

"We prefer to think for ourselves. We observe the facts and act accordingly." Gee, I'd like to think so...

Anyhoo, I've written to Michael George and I'll let you know what he says.

Turdle GG · Feb 12, 2013 - 5:56pm

Santa says to go all in

Have not heard him say this before. He's advising us to finish up our stacking (if there's any further price weakness).

This gold and silver reaction is coming to an end. In a few weeks it will be ancient history. Defend yourself by DOING NOTHING. Those of you not fully committed, go [to] debt free into a full position on any further weakness.

https://www.jsmineset.com/2013/02/12/stare-the-bastards-in-the-eye-and-d...

Green Lantern · Feb 12, 2013 - 5:57pm

Excellent but don't forget

Excellent but don't forget that NKorea and Iran are alleged to be close allies in the search for atomic weapons. It certainly wouldn't be difficult for NK to share their newfound "expertise" with the Persians.

From there, a surprise Iranian nuke test would undoubtedly draw an Israeli attack. And the rest, as they say, would be histoire...

Bollocks · Feb 12, 2013 - 5:57pm

Gold Sellers in Houston Must Submit Fingerprints & Mugshots

Gold Sellers in Houston Must Submit Fingerprints & Mugshots, Govt Tracking Precious Metals Owners
S Roche · Feb 12, 2013 - 5:59pm

I never saw it but I'll take

I never saw it but I'll take a look.

What "200 ton discrepancy" are you referencing?

Turdle GG · Feb 12, 2013 - 6:00pm

Whoa, Turdle...

That's some serious shit. Never seen Santa so adamant before. Hmmm.....

ag1969 · Feb 12, 2013 - 6:00pm

Clinkin

My money would be on Dorner getting killed. With my finest tinfoil hat, I support the argument that he knows something, he did not write that manifesto, and if he is dead, nobody ever knows who wrote it.

A drone strike before SOTU would be ironical.

By the way, how is your tooth?

usk · Feb 12, 2013 - 6:08pm

@usk: According

@usk: According to https://beforeitsnews.com/economy/2013/02/it-has-started-that-is-all-karl-denningers-cryptic-message-2489332.html

Well, here's the last interview that I could find from Karl Denninger from just a couple of days ago, will this interview give us a hint about what "has started"...?

Video unavailable

I'm still watching it so I have no idea if it sheds any light.

¤ · Feb 12, 2013 - 6:12pm

"It has started"

If it did, it started right after the NY market opening this a.m. hopefully.

The G7 meetings taking place are probably more significant then we might realize.

Live 24 hours silver chart [ Kitco Inc. ]

Live 24 hours gold chart [Kitco Inc.]

Punk-Assets · Feb 12, 2013 - 6:15pm

5 more oz Au

Got my latest 5 oz of gold in today from Provident. Nothing like $20 per oz shaved off the price since I ordered. lol - ho hum

I'm stoked about the JS comment. He must really feel 'a change is gonna come'.

We'll see. I admire MA too and he's calling for a dollar rally. 

Quite a difference!

Byzantium · Feb 12, 2013 - 6:25pm

Santa

I just posted this in a forum, but it seems equally relevant here:

I have great respect for <Santa>, but he is not infallible.

I happened to listen recently to a KWN interview with him from Dec 2011. At that time, gold was threatening to go sub $1500. Santa was emphatic that the bottom was in, and that the latter part of 2012 would herald the high $2000's.

He was dead right on the former, and dead wrong on the latter.

Don't get me wrong, when Santa speaks, we listen.

He also mentioned taking advantage of any dip. I think that he too, is expecting a serious cartel attack before we go up.

· Feb 12, 2013 - 6:25pm

  That's some serious shit.

That's some serious shit. Never seen Santa so adamant before. Hmmm.....

Very serious!!! 

This is where our earlier conversation Norcini/Sinclair trader/investor creates a dilemma for some. I doubt Sinclair will shake too much cash out of anybodies pockets who are waiting for some more downside. But I've pretty much adopted Sinclairs "full position" stance. I don't care about small moves down. I want my boat on the water, with sails fully extended for when the winds start blowing.

If things go south for a time, I'll just shine shoes for a time.

S Roche · Feb 12, 2013 - 6:26pm

Re I never saw it but I'll take a look...

Thanks Turd, I'm a bit miffed that the guy has time to talk to Reuters but leaves me holding my...

https://www.tfmetalsreport.com/comment/166680#comment-166680

Edit: 200 tonne discrepancy between Bureau of Census report everyone is referencing and the USGS report by Michael George. Both links in the above link to comment.

Nick Elway S Roche · Feb 12, 2013 - 6:28pm

@S Roche do 2012 versus 2011 numbers matter?

I notice your link was for the 2011 data

https://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf

and the 2012 data is in this document:

https://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2013-gold.pdf

Does it matter?

Micheal (e before a ) George is also the guy who generates the silver report

https://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2013-silve.pdf

Which Hagarth and I have been using as a reference in a draft "Silver Above Ground" summary. If you get to talk to him, please ask if the 540,000 Tonnes of "World Silver Reserves" is indeed underground and is it proven, estimated, indicated or what?

Thanks, Nick

ClinkinKY ag1969 · Feb 12, 2013 - 6:36pm

@ ag1969

Ha ha, took me a few minutes to "get" what you were talking about re my tooth?

Happy to report that it is still there... lonely, but still therewink

Byzantium · Feb 12, 2013 - 6:37pm

@ Green Lantern

Down is a buying opportunity, up is vindication and rapture.

Anything, anything, but this goddamn holding pattern! Its been two years; enough already! 

Place your bets quickly everybody, the roulette wheel is now spinning.....

Maryann · Feb 12, 2013 - 6:43pm

Green Lantern...

I love to read your comments! Thanks for all you do here. smileyyes

tmosley · Feb 12, 2013 - 6:46pm

The COMEX! The COMEX! The

The COMEX!

The COMEX!

The COMEX!

It's only a paper market.

-Cut to dancing monkeys singing a song about manipulating the markets-

On second thought, let us not trade on the COMEX. It is a silly place.

ag1969 · Feb 12, 2013 - 6:47pm

By the way Clinkin

I am in NH just in case you feel the need to retaliate with some geographic colloquialisms. You are a good sport. Cheers!

Road_Scholar · Feb 12, 2013 - 6:54pm

@ tmosley

Here you go...

dancing monkeys singing a song about manipulating the markets:

and

Swineflogger · Feb 12, 2013 - 6:55pm

Off Topic But Works For Quote of the Day B4 SOTU

"When I joined the military it was illegal to be homosexual, then it became Optional, and now it's Legal. I'm getting out before Obama makes it mandatory."

Sgt. Harry Berres, USMC

· Feb 12, 2013 - 6:59pm

Anything, anything, but this

Anything, anything, but this goddamn holding pattern!

Agreed!

Down is a buying opportunity.

That's Rick Rule's line that he used today. I can't use that line because my kitty isn't has large as his. I'm figuring the average person has been trying to figure out the bottom since '09. Realistically, their line is "Is this the last ultimate bottom. Can I finally buy?" Like catching a fly with a pair of chopsticks. the truth is you really never know until you get to look back and then you say "uh oh, I should have bought"

If I have a choice between types of pain, I prefer bought a little high, now I have to wait "damn it, I should have pulled the trigger" The latter always seems to bring more regret. Of course I don't know which one we will be saying next month.

@Maryann. Thanks! Enjoy twisting my warped brain and thinking these things out on paper. I hate crossword puzzles. Connecting Thermonuclear war, geopolitics and gold altogether is much more interesting. 

Larry · Feb 12, 2013 - 7:01pm

Just throwing a few things out...

So much being thrown around the last few days. Oh, the headline possibilities! Here are but a few:

Santa throws caution to the wind, sending a truthful post about the TSA thugs while his shoes are off and being groped at the airport.

The Pope threw a Hail Mary. Many scrambling to the end zone.

Dow "investors" (most with 3-letter acronyms) throw a “Hail to The Chief” party. 

JPM throws fresh new shorts at gold.

China is away, so the NY and London rats can throw down pm’s.

Little Kim Jong-un throws out nuclear threats just like daddy.

“Gold standard” talk being thrown around by more media mavens.

Gold and silver thrown to the carpet by the monkeys.

Hunt brothers were thrown a curve by a corrupt government, banking and futures exchange and regulatory system. But, unlike then, this time there are not two but millions long in physical silver, including governments, funds, industry and individual investors large and small. Those in Crimex paper or banker paper tigers of GLD and SLV will be thrown into the dumpster.

Pitchers have reported to Spring Training camps. They are throwing.

Denizen throws grenade onto Main Street and disappeared. Or was that a boomerang?

Blankfein on CNBC today. Made me want to throw up. Ironically, he may actually be doing “God’s work”. Just not how he thinks.

Turd threw a wrench into the last thread. Or was it a monkey?

Other Turdville observations: by comparing cute little furry critters to the Cartel, Turd has thrown Hamsters under the bus. And mothers too, along with pigs, dogs, elderberries and sons-of-silly-persons. Oh, the humanity!

In these crazy times in Bizarro World, what will happen next, horse meat thrown into Lasagne?

Hey y’all, that’s all. Just bein’ silly. Still here, holding my ground and my pm's during the tree shaking going on.

Not shaken… just stirred a bit.

S Roche · Feb 12, 2013 - 7:06pm

@Nick Elway

Thanks Nick...up to date data might help me make sense of it!!

Edit: Though maybe not...Imports for Consumption 2011 (estimated) 670 Metric Tonnes/Actual 143. wtf? 

· Feb 12, 2013 - 7:07pm

Horse Meat Lasagne being served

In these crazy times in Bizarro World, what will happen next, horse meat thrown into Lasagne?

 

Horse meat in lasagna, burgers, meatballs

After horse meat was found in 11 of 18 tested lasagna products, the UK's Food Standards Agency ordered further testing of "all beef products, such as beef burgers, meatballs and lasagna."

This Clydesdale foal, recently named "Hope," starred in the 2013 Budweiser Super Bowl ad. Horse meat is not commonly eaten in the United States or United Kingdom, but in recent weeks it has repeatedly been found in meat labeled beef in stores and restaurants in Britain and Ireland, most recently in prepackaged lasagnas.

 https://www.csmonitor.com/Business/Latest-News-Wires/2013/0207/Horse-mea...

 

Horse Meat Lasagna: The Secret Ingredient Is Regulatory Incompetence

French president François Hollande inspecting a plant belong to Findus, the Swedish company implicated in the horse meat scandal, in March.

It Ain't Beef

Europe's Horse Meat Problem Linked To The 'Mafia'

Read more: https://www.businessinsider.com/horse-meat-lasagna-romania-mafia-link-2013-2#ixzz2KjV0UXBN

 

 

¤ · Feb 12, 2013 - 7:07pm

pushing bonds

Capital controls someday might mandate the buying of them in certain equity or municipal/govt retirement funds. With many trillions of USD laying around in 401K or other retirement or money market funds they'll try to tap or force as much of that into the market or Treasury as possible.

Feb. 12, 2013, 1:02 p.m. EST

Buy savings bonds with your tax refund?

The Treasury Department is pushing it, but advisers warn against it

By Jonnelle Marte

Uncle Sam is pitching savings bonds as a good place to sock your tax refund, but financial advisers and other experts recommend thinking twice.

As part of its “Ready, Save, Grow,” campaign, the Treasury Department says taxpayers may want to consider buying paper Series I savings bonds with their refund. Last year, Americans used their tax refunds to purchase $22 million worth of these bonds, double the amount the year before; the ability to directly deposit part or all of a refund into savings bonds was first made available in 2010, by filing out Form 8888. While convenient, these low-yielding bonds aren’t the best option for most savers, some investing pros warn. “I wouldn’t just default to doing it,” says Scott Halliwell, a financial adviser in San Antonio with USAA Financial Planning.

Series I savings bonds are currently yielding 1.76%. While that’s above the 0.7% average rate for a one-year certificate of deposit and the 0.5% rate for the average money market account, it barely beats inflation, current at 1.7%. And the bonds’ yield, which is based on inflation, will be reset on May 1 — and some experts say it could fall even lower. (Investors who buy the bonds before that date will lock in the 1.76% for at least six months.)

Series I savings bond rates also have a fixed-rate component — now at 0% — that lasts throughout the 30-year life of the bond; the fixed rate is combined with the current variable rate to determine the overall Series I bond interest rate that will be paid for each six-month period.

In addition to offering low yields, the bonds are set up so investors can’t access their savings right away without being penalized. Bonds can’t be redeemed until one year after they’re issued, and they need to be held for at least five years to avoid a charge of three months’ worth of interest. “You’re sacrificing financial flexibility,” says Greg McBride, a senior analyst with Bankrate.com.

https://www.marketwatch.com/story/buy-savings-bonds-with-your-tax-refund...

¤ · Feb 12, 2013 - 7:08pm

Earache My Eye

I'm not sure why todays thread title reminds me of this but here it is.

Anyone else remember this?

EARACHE MY EYE - Cheech & Chong (1974)

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