From Here, Where?

Sat, Apr 13, 2013 - 3:59pm

I've been thinking since yesterday about what I should write today. My first idea was to overwhelm you with information. Charts, data, links...the usual stuff, only more so. Then it dawned on me...that's probably not what you want to hear right now.

Besides there are all kinds of other websites out there where you can get that stuff. And today, I'm not too concerned about technicals. You see, my obligation is to you and to the other 28,939 unique IPs that hit this site yesterday. What do you need to hear? Or, put this way, if I was in your shoes, what would I want to hear from Turd this weekend?

Therefore I've decided, at least for today, to dispense with the charts and the links. I'm not going to mention the info that Andy shared on KWN or the fact that the GLD incredibly shed another 22.86 metric tonnes of "inventory" yesterday. (That's another 1,840 bars or 10 of my pallets, by the way.) Nope, none of that. If I were you, I'd want to be reassured that this wasn't all just a big crock of shit. All this gold stuff. All of the new reserve currency stuff. All of the Cartel manipulation stuff. All of it. I'd want to know that I hadn't been snookered and taken advantage of. I'd want to know that all of these "internet people" that I follow aren't simply making stuff up as they go along. And I'd want to know that they're sincere and that they're just as frustrated as I am.

So, I guess I'll start with myself. I think everyone knows this but I'll state it again: I'm just a nobody. I live in the American Midwest and my entire life has been spent doing pretty-much normal stuff. About five years ago, I quit the "corporate ladder" and pursued a path of independence. In 2009, I discovered ZeroHedge and the rest, as they say, is history. I now find myself in the middle of a global struggle against elements of the established central and bullion banking order. Suffice it to say: It's a surreal existence and not one that I could ever have envisioned. But I'm here now and waist-deep in the fight. Does this make me infallible or all-knowledgeable? Of course not. But I do my best to share with you, my dear reader, as much information and insight as I can.

The past eight months have been the most challenging. Not only have I lost all remaining faith in the idea that Americans live in a self-governing, representative republic, I've also been privileged(?) to witness first-hand some of the true depth of the corruption. Concurrently, I allowed myself to be totally caught off-guard by the ferocity of the attack on the precious metals after the announcement of QE∞. At this critical time, I should have anticipated that all necessary measures would be taken to discourage the ownership of any form of money other than fiat currency. In failing to recognize this contingency, I failed you, my dear reader. Though I am 100% confident in the accuracy of my predictions of "the end of the Great Keynesian Experiment", I failed to recognize that this current beatdown was both predictable and inevitable. I hope we've both learned something and that we both are able to keep from making the same mistake in the future.

But mistakes will still be made and the point of this post is to assure you that I am on your side and doing everything in my power to help you prepare for what is inevitably coming. I do so with all sincerity of purpose and the cloak of this responsibility wears heavily upon my soldiers every day. Just ask MrsF or the LTs. They'll tell you how they often catch me staring blankly off into the distance, seemingly detached from the moment. "What are you thinking about", they'll ask. "Oh, dear, where do I begin...". But that's OK; I'm not looking for sympathy. I just want you to know that I, and most everyone else I've had the privilege to meet within the metals "community", truly believe in the cause and we are doing our best to help as many as possible.

I've often said that the greatest thing about "being Turd" is the access this grants me and the friendships and contacts that I've been able to make, so, please indulge me this. As stated above, this post is not about me. It's about what I assume must be on your mind this weekend. Namely, is this real and are the people with these websites trustworthy? For what it's worth, here's some of what I know (with apologies to anyone I mistakenly leave out):

  • Jim Sinclair (Santa): JSMineset was the first metals website I ever visited. That I've actually gotten to know Jim a little bit is a great honor. I've known a couple of NYSE-listed CEOs is in my life and Jim is no different. He smart and wise. Measured in his words but with a vision. Under no circumstances does he need to publish JSM but he does. Why? Because he cares. Period. He firmly believes that he can clearly see what is coming and he's trying to use his platform to warn as many as possible. You can trust and believe in him because I do.
  • Andrew Maguire: Not sure where to start and I'll try to keep this brief. Andy is a true gentleman and staunch ally of all of us. Sort of like Jim Sinclair, he doesn't need any of this but he's sick of the injustice and the inequity created by the bullion banks...and he's fighting back. Even though we've never met, I've come to trust him implicitly.
  • Ned Naylor-Leyland: I don't think you could find a nicer guy on the face of the planet. Again, just like so many of us, Ned's sort of had this stuff thrust upon him. But he's an eloquent spokesman for our cause and I've come to value him as a friend.
  • Jim Willie: You may think that Jim has some crazy theories. I know I do. But please do not doubt his intellect, his intuition or his sincerity. The guy is a true visionary and I have no doubt that, one day soon, he will be vindicated and treated as such.
  • Bill Murphy and Chris Powell: The veteran soldiers of the movement. Though Bill might seem a bit of a loose cannon from time to time, he's a good man and tireless campaigner against The Cartels. Chris is a solid, upright and honest man whose commitment and integrity benefits all of us.
  • Ted Butler, Ranting Andy, Mike Krieger, Jim Quinn, Kerry Lutz, Dave Janda, David Morgan, Alasdair Macleod, Jeff Nielson, Detlev Schilchter, John Williams: All of these guys either write newsletters or offer paid subscription analysis and I have either met them in person or made their acquaintance via Skype. All of them provide a valuable resource and all of them are doing everything they can to help the cause. I feel I can personally vouch for them and I strongly recommend that you trust them, too.
  • There are many others but, for the sake of your time, I'll stop here.

I could go on but I don't want to turn this into some kind of LoveFest. The point of this is what I stated above. Though you should always question the things you read, do your own research and due diligence, I wanted to pass along what I know to reassure you about the gold community and those involved within it. I hope I've done just that.

Please utilize the rest of this weekend to get some much-needed rest and relaxation. To me, it's quite clear that we have entered the final chapter of bullion bank hegemony and the days ahead are only going to get more volatile. You're going to need information and wisdom to see your way through it so I hope that this post has been a valuable use of your time.

See you Monday.


About the Author

turd [at] tfmetalsreport [dot] com ()


Apr 15, 2013 - 12:19am
Urban Roman
Apr 15, 2013 - 12:20am
Apr 15, 2013 - 12:20am

Keep thinking to yourself........

roll this thought through your head and come to firm, clear grasp of this reality......... They ALWAYS make the same mistake......they always believe the one basic rule of economics can be altered. When price is artificially set against market forces, soon supply issues arise. Demand exceeds supply in this case. In a market where demand exceeds supply......the only natural way to stem demand is through price rise. Flip the coin and view the supply/demand issue with Dollars. There is absolutely no way around the coming repatriation of those Trillions of unneeded dollars as more countries trade directly. This reality as well can only be bent for so long. The dollar is about to fall hard. Price controls do not work. I believe this leg of decline has nothing to do with removing short positions. As stated above there is limited shelf life on price controls. I believe we are about to see something "new" appear. Time is running out and physical is running out as well. Something MUST happen to set everyone dramatically change alter perception. They are not about to roll over and give up......nor roll back within the country.... Something big is on the way. Desperate times.....Desperate measures.

Apr 15, 2013 - 12:21am

any good LCS in the Cinncy area....

I had to leave yesterday and am sitting reserve down in CVG and wondering if anyone can recommend a good local shop in the Cinncy/N. KY (CVG) area? If any regulars are going in I wouldn't mind tagging along as not to appear to be a new guy if they do indeed have anything left. PM me if anyone has recommendations.

Apr 15, 2013 - 12:25am

WB Justin

I remember your call!

Apr 15, 2013 - 12:38am

American Corruptocracy

I knew this country was headed for the gates of hell during the Clinton years and especially during the

Clinton Impeachment where it was put on for the world to see what a bunch of lying, conniving, arrogant,

self-serving, traitorous bastards populate the Senate and House of Representatives. It was truly shocking and

and an eye-opener. Not to mention the fact that the numerous people in the Clinton circle wound up dead

under various mysterious and perplexing circumstances where the crime scene appears to have been

staged. The most schocking of which was not the Vince Foster "suicide" but the death of Ron Brown in which

the beam guiding his plane for landing inexplicably pointed the nose of his plane into the ground about a

half mile short of the runway. No other incident similar to that had ever occurred before. Rumor is good

old Ron was ready to spill some beans on the porcine Clintons....

I am from Chicago and Obama is from the Daley/Mafia machine that has been running the Chicago rackets

for well over 50 years now. These people are vicious, unscrupulous and now have been put in control of our

government by the American People who apparently think lying is to be admired....

Unfortunately, soon comes a time when the price of this foremost sin must be paid (Satan is the Prince of Lies because

all other evils stem from not standing up for the Truth). And as is quoted from Paradise Lost: Stipendium Peccati

Mors Est (The Wages of Sin Are Death).

Southern Cross
Apr 15, 2013 - 12:41am

Pricing Ownership

The cost to own paper dollars is maybe 8-11 percent per year inflation. The cost to own gold has been zero lost in purchasing power for the last 12 years. So one bump here in the road and a few months to resolve is no big deal. The risk continues in owning paper. There is little risk in owning gold and silver. We have a recent example of the real risks in owning paper with Cyprus.

The price of metals tonight does not accurately reflect inventory and risk. The price we see tonight is just the price of fiction. The price of paper fiction. Enough paper fiction can create a price of any lesser amount. This strictly depends upon the amount of paper used. One could argue with enough paper fiction could drop gold and silver pricing to less than a cent. So what we see is fiction. There is no basis in the reality of physical supply and demand.

The reality is a super storm is brewing, any one of five different storms, and headed the US dollars way. When this storm hits I would not want to be locked into a deposit in a bank full of paper fiat.

These paper masters can not afford to let gold and silver drop to a point of zero physical inventory or the curtain is opened and the emporer standing on stage is naked.

If you have any doubts about where your wealth should be right now, look back over the last 12 years. Still not sure? Look back the last roughly 75+ years.

Apr 15, 2013 - 12:50am

@Mr fix

Mr. Fix,

No need to say more than "I'm with ya" on your vision....I find it well-reasoned and give it high probability. Thanks much for all your efforts and insight !

Apr 15, 2013 - 1:30am


Welcome Back

Apr 15, 2013 - 4:15am

Kitco Charts...


(others are working)

SilveryBlue ¤
Apr 15, 2013 - 5:07am

Thank You DPH

Thank you very much!

Kashmir my best ever favourite.

Reminds me why, when I finally has the scales ripped from my eyes back less than 2 years ago, I spent months researching what was REALLY going on. I found Turd, ZeroH, JimS, theDoc & many many others - some of whom have fallen by the wayside. I finally started buying PMs last June after attending to other more pressing necessaries. Price was sky high, but I don't care. I am not in it for profit.

If things are better than the way I read the roadmap then my grandkids may have a couple of treasure maps to play with.

If not I may actually have grandkids one day.

Final note - You all know how to spot trolls. The beat down on what you fundamentally know to be true sprinkled with just enough truth to make you ponder and doubt yourself. Discernment is the word of the day. Watch for the twist. You can practise on the trolls. It is all they are good for ;-)

Turd - Thank you also. You provide a wonderful site with a wealth of solid advice & weighty opinion based on huge experience - all given freely. No wonder you attract some of the best minds in the game.

And with music! Swoon.

SilveryBlue tyberious
Apr 15, 2013 - 7:20am

From 2011 Backflash

A bunch of researchers (geeks) tried to condense the ownership of the large corps using a computer program.

Guess what? They succeeded!

Aaaand guess who is at the top 30?

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company

If you didn't already know this you have NOT been doing your homework. It is all available on the lovely interweb.

Please DYOR and have a look at who was on the top of the world back then/now.

I do not know if there is an updated version of this. Guessing probably not.

If anyone is missing from the list now I would suggest that we are seeing the "Under the Bus Syndrome" at work.

Look for the collapse in these companies & run like hell because that means they are devouring their own young.

Peace all.

little general
Apr 15, 2013 - 8:11am


You certainly have an over-inflated opinion of your intellect and prognostication ability. I always love to hear the opinions of little trolls such as yourselves. You must be sitting on millions of dollars of gains from your soothsaying genuis and superior intellect. You obviously rode the short bus to school and probably had incontinence issues as well. Don't be afraid to keep your opinions to yourself so as to not show your ignorance. Show us your P and L statements before you speak of your immense rainmaking power. Turd is at least a honest and humble as a human-being. Your arrogance is amusing as well as pitiful.

Beastly Stack
Apr 15, 2013 - 8:15am

Holy Toledo!

I could not believe my eyes this morning! If you are trading, I can only hope you got stopped out some $150 dollars ago in Gold. Let this shit play out, I am so glad I did not give this mkt any attention last night. Take a 3 day weekend!

Apr 15, 2013 - 10:17am

Well this will tagged

onto the last comments of the post. But ...

Thanks T. That was just what I needed, something straight from the heart. I trust you buddy.

I feel stronger being here, knowing there are others going through the same thing.

Please add another beer to the long list I owe you.


Apr 15, 2013 - 10:25am
Gold Dog
Apr 15, 2013 - 6:01pm


My first ever!


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