Greetings From Vacation

361
Thu, Jun 27, 2013 - 10:48am

Desperate times call for desperate measures...like getting up early to write a post, even while technically "on vacation".

First of all, watching the sun rise is a tonic that I would recommend for just about everyone during this current period of metal strife. There is no better reminder of the long-term view than taking a moment to appreciate the beauty and the majesty of a sunrise. The planet was here for billions of years before us and it will remain for billions of years after we're gone. Though the stress of each day can be great, in the grand scheme of things, daily events are nothing but the tick of an infinite clock.

I mention this not because I'm trying to be philosophic. I do so as a reminder of The Big Picture. Below are the reasons I hold physical precious metal:

  • Physical gold and silver are my "monetary insurance" against the eventual collapse of the current global, fiat money economic economic scheme.
  • Physical gold and silver will provide me a tool for barter should some type of natural or man-made disaster render paper money useless or unavailable.
  • Physical gold and silver are stores of wealth and true money, recognized as such for millenia before the current system arose and they will be recognized as such after the current system fails.

With this as my mental basis, why on earth would I be selling now? 

And just who is selling now? Is there any physical metal for sale? Andy confirms that there are no physical sales in London. Just paper sales and physical purchases. Walk down to your local coin shop and ask the proprietor if there are more sellers or more buyers. My suspicion is that the buyers still greatly outnumber the sellers.

So why has price fallen this far? It's quite simple, really. The paper markets and, specifically, the HFT WOPRs which dominate them, are in control. Because of the leverage and rehypothecation, the futures markets are now fully disconnected from physical reality. This is fine. It happens from time to time and it can continue for a while but it can't continue indefinitely. Why? Read the excellent work of SRSrocco or the recent posts on ZH about the cost of production. Eventually, as producers of the physical commodity realize that continued mining is a losing proposition, they wisely halt production. Tight supply lines grow even tighter and, eventually, the laws of supply and demand reassert themselves.

Does this mean that silver will immediately head back to $49. Probably not. But it does mean that it's not headed to $8, either. (And, as an aside, I should point out here that silver was $18 in August of 2010 before rising to $49 in April of 2011 so it's not like it hasn't happened before.)

I am of the firm belief and conviction that The Price Bottom to all of this nonsense is within sight. Though gold has exceeded my low target of $1270-1290 and now rests near $1230, I'm buying it with confidence. Recall that when silver broke $22, I warned you that $18 was now likely with a possibility of an overshoot toward $16. With this in mind, why panic now? What has changed and what has been fixed? Anything? Or have the WOPRs so distorted the supply/demand fundamental that price does not currently reflect reality?

Tomorrow we will get an updated CoT report that will likely reveal Commercial positions of historic proportions. I know you're probably sick of hearing it...but I can't stress enough how critical this is to understanding the current price structure. QE∞ changed everything and, after years of fighting it and selling into rising prices and covering on dips, The Bullion Banks made the dramatic shift last fall. They began this current, counter-intuitive slide as an attempt to flatten their books and get out from under their massive naked short metal positions. As of this next CoT report, we will likely find that they have nearly accomplished just that. When they are done, price will be free to run.

As I conclude, I see that a fog has rolled in that conceals what had been a beautiful view. The locals tell me that this is a regular occurrence and that it will soon lift to reveal yet another beautiful day. Similarly, a fog has descended upon the metals markets and it is obstructing your view. I can assure you, though, that this fog too will soon lift and a new day will emerge, beautiful and bright, and when it does, your physical metal will have you prepared for all that the world has to offer.

TF

About the Author

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

  361 Comments

The Watchman · Jun 27, 2013 - 8:31pm
JackPutter DallasRichard · Jun 27, 2013 - 8:33pm

@DallasRichard

It is known.

The Federal Reserve Plans To Identify “Key Bloggers” And Monitor Billions Of Conversations About The Fed On Facebook, Twitter...

"The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify "key bloggers" and to monitor "billions of conversations" about the Fed on Facebook, Twitter, forums and blogs. This is yet another sign that the alternative media is having a dramatic impact."

https://www.zerohedge.com/contributed/federal-reserve-plans-identify-%E2...

Ratatouille · Jun 27, 2013 - 8:36pm

Getting lucky

Call it a black swan. A fluke. The needle in the haystack.

The time is nearing when a spectacular gain might be made in precious metals. But I'm thinking we will have to have fewer Masters of the Universe minding the gates of the precious metals market before any dams burst. Maybe January, if Mr. B truly does retire and takes some of his minions with him.

Just idle speculation, since I wouldn't dip toe into these waters (paper contracts) at the moment. Of course, I won't be selling our physical stuff, either.

abguy4 · Jun 27, 2013 - 8:40pm

thanks foggyroad

I've had lonestar dickwad on ignore since his first cow plop here, and now you confirmed my initial impression. Joins the forum on the down slope, right?
What a give-away.

Just secede cow plop, your odor preceded you by a mile.

SilverSurfers · Jun 27, 2013 - 8:40pm

Cherry

Picking Billionares, man, mind screwing them is so fun. LOL!!

Its a gold mine out there, 2.6$T of personal wealth, and just started!! LOL!!

====

Re: Stopping Socialism in America

Sir,

Do you want to stop the spread of socialism and all those who pander it? If so, do you know who, where, how and by whom to strike at the heart totalitarian socialism for immediate concrete results? If not, then I am your attack dog, who is seeking to do the same. I just need and am asking for a little help.

Sincerely, Derrick Michael Reid BS JD

========================= The Dream Team ==================
Eric King =============== Broadcaster Dream Team
Chris Powell ============ Broadcaster Dream Team
Greg Hunter ============= Broadcaster Dream Team
Bill Murphy ============= Plaintiff Dream Team Lemetropolecafe
Turd Ferguson =========== Plaintiff Dream Team TFMetalsreport
Bill Haynes ============= Plaintiff Dream Team CMI Gold&Silver
Thor Gjerdrum =========== Plaintiff Dream Team AMark
James Hausman =========== Plaintiff Dream Team Gold Center
Brian Crumbaker ========= Plaintiff Dream Team Goldline
James Turk ============== Expert Dream Team
Richard Guthrie ========= Expert Dream Team
James Rickards ========== Expert Dream Team
Grant Williams ========== Expert Dream Team
Eric Sprott ============= Expert Dream Team
Ben Davies ============== Expert Dream Team
William Kaye ============ Expert Dream Team
Sandeep Jaitly ========== Expert Dream Team
Andrew McGuire ========== Expert Dream Team
===========================================================
Cover Page
A Proposal to Terminate Bullion Manipulation
A Plan for Ridding from the Bullion Space,
the mob boss JPM and the Gold Cartel, for
Terminating Bullion Price Manipulation.
Confidential Copyright Derrick Michael Reid 2013 4th Edition
===========================================================
Table of Contents
===========================================================
Cover Page, Ending Manipulation ---------------- Page 1
Table of Contents ------------------------------ Page 2
Title Page, The Dream Team, Tentative ---------- Page 3
Overview, Injunction Strategy ------------------ Page 4
Case Caption, Brief Form ----------------------- Page 5
Complaint Body, Brief Form --------------------- Page 6
List of Characters, Tentative ------------------ Pages 7-10
Table of Aspects, Generally Stated ------------- Pages 11-144
Appendix, Posted Comments of REID -------------- Attached
===========================================================
Title Page
A Proposal to Terminate Bullion Manipulation
The Dream Team

Turd Ferguson Bill Haynes Thor Gjerdrum
Plaintiff Plaintiff Plaintiff
tfmetalsreport.com CMI Gold & Silver AMark

William Murphy Brian Crumbaker James Hausman
Plaintiff Plaintiff Plaintiff
lemetropolecafre.com GoldLine Gold Center

Derrick Michael Reid Attorney Attorney
Of Counsel Proximal Counsel Distal Counsel
totalcontrol.com Not Selected Preferably Selected

Primary Counsel Secondary Counsel Tertiary Counsel
Chicago Law Firm Chicago Law Firm Chicago Law Firm
Not Selected Not Selected Not Selected

Andrew McGuire William Kaye James Turk
Coghan Capital Pacific Group Gold Money
Primary Expert Primary Expert Primary Expert

Sandeep Jaitly Ben Davies Richard Guthrie
Bullion Basis Hindsight Capital LeMetropoleCafe
Secondary Expert Secondary Expert Secondary Expert

William Grant James Rickards Eric Sprott
Things that go Hmm Tagent Capital Sprott Assets
Tertiary Expert Tertiary Expert Tertiary Expert

versus
J P Morgan Chase Inc.
Jamie Diamond
Blythe Masters
Defendants
===========================================================
Sir, It is time to fill the rooster. You may pass along as you desire. Anyone may pass this on to a lead or notable. Tally Ho! War has been declared on the Gold Cartel, and JPM is the prime target. This is war. We extend no courtesy, no mercy, and no pity, and take no prisoners, as we fly the black flag into battle. W2_5hs_3c_xfers[at]yahoo[dot]com is the HQ communications center.
Thanks, Derrick Michael Reid
===========================================================
Mr X CEO Sprott Global Carlsbad, California
Sir,
It has been two difficult months, since the 4/29/2013 brainwave, but I went public with it. If successful, it will solve J Embry and E Sprott problems, and will solve many others' problems as well, mostly resolved by societal feedback loops. It took about 2 months, drafting the Coded Draft, perfecting marketing method implementations, and rewriting that coded draft into an English version. Next week the proposal is going to an editor for editing, so activation starts this July.

Taking down JPM is something J Embry and E Sprott would want to hear about. But, I am sure they would like some screening up front, and you are selected for that purpose.

So, the week after 6/30/2013, I could come down to Carlsbad for the entire day, as you deem fit and wish. The plan is fairly well organized and covers the bases. It would be best reviewed for rapid appraisal by one knowing the bullion space and a legal mind, and think it best you organize a team, as you wish, and send up a car to get me and take me to your Carlsbad facility, driving and thinking for me is a huge no no. The basic thrust is on line as a marketing tool for advance review and funding, but it lacks specifics necessary, but would give you and others attending an advance read and understanding. I would also transmit that 142 page, single line spaced proposal to you personally, confidentially for an advanced review in advance of a planned conference at your facility.

J Embry is the preferred confidential FINANCIER, and thus he is in the cross hairs, sort of speak, and is why I am writing you now. Mr J Embry and E Sprott would want to see a polished English plan of taking JPM completely out of the bullion space, as a first strike on destroying the Gold Cartel.

So, if you desire, accordingly, I am available after 6/30/2013, any time.
Sincerely, It is an honor to be your obedient servant Derrick Michael Reid, BS JD Laguna Beach California, W2_5hs_3c_xfers[at]yahoo[dot]com
===========================================================
For your reference:
===========================================================
https://totalcontrol.blogtownhall.com/
https://totalcontrol.blogtownhall.com/2013/06/03/usa_nova_slang.thtml
https://totalcontrol.blogtownhall.com/2013/06/12/usa_freedom_v_tbtf_tbtj...
https://totalcontrol.blogtownhall.com/2013/06/06/usa_strike_on_the_evil_...
https://totalcontrol.blogtownhall.com/2013/06/25/usa_conventional_thinki...
https://www.tfmetalsreport.com/users/silversurfers
https://lemetropolecafe.com/CFFORUM/viewmessages.cfm?forum=7&topic=2221
https://forum.astroempires.com/viewtopic.php?f=99&t=111935
https://www.tfmetalsreport.com/blog/4710/broader-perspective?page=10
https://usawatchdog.com/us-back-to-a-gold-standard-catherine-austin-fitts/
===========================================================
Plaintiffs, Experts and Consultants
===========================================================
There are many Gold Notables. Plaintiffs include service providers, retailers and wholesalers. Service providers provide URL cites with members who can regularly post comments as a private club of members. The two preferred service providers are TFMetalsreport and Lemetropolecafe. Plaintiffs preferably number six and have been identified in the dream team. Other unknown service providers can be listed as possible plaintiffs. Two retailers have been identified in the dream team. Other retailers can be listed possible plaintiffs. Two wholesalers have been identified in the dream team. Other wholesalers can be listed possible plaintiffs.

There are nine listed primary, secondary, and tertiary experts. Other possible experts can be listed as standby experts, and be used as replacement or supporting experts. Others in the field can be listed as consultants to the case. These possible plaintiffs, standby experts and consultants generally have specific expertise within the field. Possible Plaintiffs and Standby Experts may be interviewed with supporting declarations prepared as supporting members of the TEAM and acts as replacements or added TEAM members to add weight to the cause. Consultants are behind the scene supporting experts, out of the lime light, and their names and roles kept confidential, but can be used to provide input to support the case.
===========================================================
List of Supporting TEAM members
===========================================================
Plaintiffs, named complainers of Record
Possible Plaintiffs, replacement Plaintiffs and Experts
Experts, named experts of Record
Standby Experts, replacement Experts and Supporting Experts
Consultants, Confidential Experts for Case Supports
===========================================================
Plaintiffs, Counsel, and Experts share in any settlement
only when officially made of record in the case.
===========================================================
If you are a "Gold Notable" and would qualify as an expert in the bullion space, volunteers are most gladly accepted and welcome.
===========================================================
There is no reason we cant be civil.
https://www.youtube.com/watch?v=u0CdcCnLdtE
===========================================================
Problems: Greed, Socialism, Totalitarianism, Fraud, Immigration, Fascism, Electioneering, Greed, Socialism, Totalitarianism, Fraud, Immigration, Fascism, Electioneering, Greed, Socialism, Totalitarianism, Fraud, Immigration, Fascism, Electioneering, Greed, Socialism, Totalitarianism, Fraud, Immigration, Fascism, Electioneering, Government, Government, Government, Government, Government, Government, Government, Government, and More-Government, To-Much-Government, and Way-To-Much Government.
===========================================================
Solutions: Abolish all Federal Social Programs, Federal Pay-and-Forget Sales Tax Exclusivity, State In-Rem Property Tax Exclusivity, Real Gold and Silver Coinage Money Exclusivity, Pay Off All Federal and State Present and Future Obligations with 100T FRNs, State Social Safety Nets, Out Law Federal and State Bonds, Out Law Federal and State Debt, Out Law Federal and State Fiscal Deficits, Abolish Paper Money, Abolish Federal Reserve Notes, Redeem FRNs at more than $1,000,000.00 per gold ounce, Abolish the Federal Reserve Bank, Reward Productivity, Penalize Unproductivity, Free the People From Government, and Restore the Republic.
===========================================================
An attack plan has been devised. The attack plan is to first take down JPM in six months for 6m$ with a 2-5x ROR to the financier. The attack plan is characterized by a narrow front tort claim attack, in depth attack using six plaintiffs, brought in equity, using rapid fire filings, to end TBTF TBTJ Wall Street fascism over the US Government and its people, where morality is the key issue in play, totally outside the box and totally untraditional and unconventional, which is pretty ridiculous to traditional and conventional thinkers, like 99.999% of the people, and in so doing, solve nearly all of the country's problems, lasting and long term. I tell all, it is a lonely world being a 3 sigma, 5 experts in one, and totally ridiculous, to conventional people. But hey, I know Im right, if not reactionary, and I wont stop believing.
===========================================================
Journey-Dont Stop Believing (official song) with lyrics
https://www.youtube.com/watch?v=N5wVZwdHmRY
===========================================================

Stratajema · Jun 27, 2013 - 8:40pm

The issue isn't that PM paper prices have fallen...

The issue is that the price of physical has followed the paper price down. Sorry but a $35 higher price for physical gold in China is not a paper price disconnect worthy of anything.

Where is all the physical metal coming from to import into China?

Despite the B.S. story about how nobody in London is selling physical, the terrible truth is that someone is selling a lot of physical. Still no shortages of physical at the coin dealers.

Occasnltrvlr · Jun 27, 2013 - 8:42pm

It's Not On Their Homepage...

...but Provident is offering free shipping if you include a 10 oz. OPM Ag bar.

Yes friends, that means that you can have silver delivered to your home for less than $20/oz.

(And they're still offering OPM gold at $12.95 over spot.)

Maybe they're headed lower, but I couldn't resist.

Strongsidejedi JackPutter · Jun 27, 2013 - 8:43pm

Wow

So, does this mean that the Jedi gets a line of code in Goldman's algo too?

Or is that subroutine exclusively monitoring for turd's...ahem... log?

I guess it just goes to show that the GS algo can now trade upon the appearance of turd.

I always knew those guys were real $h1t.

Now, they can automatically monitor for a new daily turd.

Wow...no wonder the market action moves opposite to the turd.

When the turd appears, the algo at Goldman consumes the turd and moves opposite.

So, when Turd comes back, we should all just say that the market is going down more.

Gold $900 right? Like in the next 90 days?

how about that line for the turd-eating algo at Goldman?

The8thHabit · Jun 27, 2013 - 8:47pm

Another raid is on

What's new?

rtabit · Jun 27, 2013 - 8:47pm

@benque

...that anyone trying to disuade someone else from investing in a particular asset would do so in a rising market, with persuasive arguments for selling "NOW", and taking profits while you can. Who but the uninformed would sell at or near the (hopefully) bottom, as opposed to DCA'ing. As stated so many times, in efforts to educate those who might not be actual trolls, this board has declared the fundamental reasons for BTFD such that even the e-trade baby could understand it.

I can only conclude that our current cluster of trolls is striving disingenously to seperate us all from our hard-won stacks...for their own profit, and certainly not ours.

Yea I saw a guy the other day telling people to sell all they have now, I wonder if he was paid or dick troll, I say dick. One of my other investments (something that I don't plan to sell for years) is Nokia stock. On the yahoo boards, I haven't been there in a while but there's a guy named momo that just makes negative posts 24 hours a day. I'm pretty sure he's a paid troll, who the hell is going to waste that much time posting same crap over and over for free. Also people that spoke bad about NOK that didn't speak good English, I'm pretty sure they were paid trolls, or maybe I'm just a little racist, probably both. Anyways, the trolls there were obvious, they were always there spouting the same bearish shit over and over (some of it being true) no matter how long ago it happened. I don't see that sort of thing here, makes me think trolls here are dick trolls, or maybe higher paid trolls.

A paid troll would have the goal of separating you from your stack, or try to convince you whatever he’s paid to convince you of. A dick troll would just be trying to start arguments, laughing it up and having a great time whenever he was able to convince someone to argue with him. The guy telling people to sell NOW I think is a dick troll. First of all going to a gold bug site and telling people to sell now the bull market is confirmed over isn’t going to convince anyone. Second I can’t think of any other statement on this site that is almost assured to get immediate angry response, especially on such a down day, everyone was already angry. I’m sure he had a great time, making already angry gold bugs even angrier, not sure why that would bring someone pleasure but I guess it does, when I was in high school and college (or even today I guess sometimes) when certain friends were angry at something stupid, I would say things to make them angrier just to laugh at whatever stupid shit their anger would make them do, I guess dick trolls get same sort of pleasure on the internet, fucking geeks, if they had real life friends they wouldn’t have to run around pissing strangers off on the internet, they could do it in real life, much better. 

Anyways, potential paid trolls should be pointed out with some sort or argument why. Geek dick trolls should be ignored, if someone says something that most people would strongly disagree with, and would convince no sixth grade educated person to do what troll advised based on the evidence troll presented, they are geeky dick trolls, just ignore them, maybe they will go away. Paid trolls, if any exist on this site, I haven’t seen any I’m confident are paid trolls, are harder to identify. I’d think they would present rational potentially convincing arguments that you don’t agree with, you’re going to have to win that argument with logic, calling them a troll accomplishes little if any good. Although paid trolls present rational potentially convincing arguments that you don’t agree with, so do real people, calling a person a troll with different views than your own does little. Half my favorite posters on this site get accused of being trolls just about whenever they post, and I understand why someone may think that, they have intelligent differing views of most on this site on some important issues. You calling them a troll isn’t going convince anyone to change their mind on the issue, the only thing that can do that is more valid logic. If someone isn’t persuaded by the logic in your argument, calling him a troll isn’t either. The only thing a group of people calling one person a troll has the potential of accomplishing is to have that person bring his logic elsewhere. Since the only thing calling someone a troll could accomplish is making a person go away, I assume this is your goal. Also maybe his arguments are weak and won’t be missed, but he’ll be missed, that’s at minimum one potential convert lost, plus whoever that convert may have converted in the future.

I appreciate you attempting to protect me from others striving disingenuously to separate me from my stack, but I’m an adult and can make my own decisions on what to do with my stack, so if your means of protecting me is via censorship of certain view points, I’d prefer you just concern yourself about your own stack and leave mine alone. 

Cottonbelt21 · Jun 27, 2013 - 8:48pm

@ Victor ...

… do you see the U.S. incentive to hyper-inflate the $USD as a high probability event (and likely subsequent Au recap) ?

Although the PM miners could be the investment equivalent of a rigged bomb shelter, I continue to view this speculative area as high potential via options – just hope I have the courage to exit at roughly the right moment if correct.

Save_America1st · Jun 27, 2013 - 8:49pm

BUTT (Back Up The Truck) lol

BUTT (Back Up The Truck)

PM's getting monkey hammered again in progress...

Au 1185

Ag 18.20

Anyone know what's causing this latest attack?

MrGuboci · Jun 27, 2013 - 8:51pm

amazing

Funny how silver refuses to go lower along with gold !!!

Ratatouille Save_America1st · Jun 27, 2013 - 8:53pm

Resistance is futile?

Doesn't it remind you of the Borg? (the latest attack)

Trying to prove that RESISTANCE IS FUTILE...

I love that line. It makes me so want to RESIST, with all my heart. And that is what makes us Americans, for C's sake.

Groaner · Jun 27, 2013 - 8:54pm

Can you believe this?

Animal scum bags

Strongsidejedi · Jun 27, 2013 - 8:54pm
wouldyoubelieve... · Jun 27, 2013 - 9:00pm

Silver and copper both seem to be fighting more than

the other metals, someone realizes that if the price does not stabilize and rise, major miners will shut down and that will not be good, shutting a mine down/ramping down it's not that simple to reverse, they can slow down in a week, but to ramp back up takes longer the greater the time in between ramp down and ramp up.

Willy · Jun 27, 2013 - 9:00pm

Here we go again

To all those hammering gold and silver F U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Again nice market.

Bugzy · Jun 27, 2013 - 9:01pm

You have the wrong night

Yes you must all be new here, pretty obvious really, you see, the bottle comes out on Friday night and that is when troll bashing goes on in earnest.

So, if you would all be so kind as to come back tomorrow, sometime between my 3rd and fourth refill should be just about right.

Remember, the first rule about Troll bashing.... we must never talk of Troll bashing. Unless it is Friday evening.

Quality of life: I have never slept better or worried less since I bought my Gold and Silver. Yes, the paper price moves are a bit perplexing right now, especially given physical shortages. Shows how there are no free markets anymore. ALL manipulated - thing is - physical Gold and Silver are two of the very few things that have been proven - independently - the WORLD other - to have value and is actually out of their system. Try as they might to get it from me, they do not know me or many here very well at all.

Some come here to gloat because one could have waited and bought more ounces. I am not religious but I will give you this one: One must remain awake for one never knows when the master of the house will arrive. (the wedding guests I believe).

Just because the master of the house has not yet arrived, should not be confused with him not coming. We are indeed weary, but the troll in the corner who dozes all day scoffs at our tiredness, yet the troll will wake up one day and something to the effect of "what the fuck just happened?" 

Trolls: you come here to talk of prices like some Ferengi in a bar. The picture is way bigger than that, just ask Kirk.

So, tomorrow - and bring your mates. 

Enterprise out!

ancientmoney · Jun 27, 2013 - 9:03pm

It's extremely easy for banks to drive down comex

prices in PMs. The CFTC does not regulate to protect the public, and banks get money for free from daddy Fed. So, they can sell 1 quadrillion ounces on paper anytime they want. 

That the miners sell their ores so cheap is beyond me, when anyone in their right mind would sit on it and wait it out--except that they owe the banks fiat dollars, and the banks may be hoping to foreclose on their reserves.

Bollocks · Jun 27, 2013 - 9:07pm

Save_America1st

Anyone know what's causing this latest attack?

Who cares. It's just another attack to try and remove confidence in pm's as something that have value as a real store of wealth.

Just that.

Zoltan · Jun 27, 2013 - 9:10pm

Kitco Can Kick 5.0

It's official.

https://www.richter.ca/en/insolvency-cases/k/kitco-metals

Only change is the date is now March 14, 2014. Unless (until) they extend it again.

Z

Bugzy · Jun 27, 2013 - 9:12pm

For shits and giggles

All part of the journey

Video unavailable
So It Goes · Jun 27, 2013 - 9:13pm

Wow

Another Hong Kong opening smash.

  www.kitco.com

The World Spot Price - Asia/Europe/NY markets

light
  MARKET IS OPEN
(Will close in 20 hrs. 5 mins.)
  Metals Date Time (EST) Bid Ask Change from NY Close
Gold Charts  GOLD 06/27/2013 21:09 1189.80 1190.80

-11.00

-0.92%

Silver Charts  SILVER 06/27/2013 21:09 18.51 18.61

-0.01

-0.03%

Platinum Charts

 PLATINUM

06/27/2013 21:09 1299.00 1306.00

-15.00

-1.14%

Palladium Charts  PALLADIUM 06/27/2013 21:09 634.00 639.00

-10.00

-1.55%

If gold stays under $1200 - it is such a super deal. Keep stacking if you can.

So it goes.

Save_America1st · Jun 27, 2013 - 9:14pm

what I read the other day was...

that the Fed can't handle these 10yr bond interest rates spiking any higher than they have already. They're trying to keep China from selling more of our bonds that they hold (what is it like close to a Trillion worth?), so we're gifting them cheap gold by dumping as much phyzz or paper onto the market to drop the prices and keep the Chinese happy.

Or something like that. What I read was better written and a very plausible and convincing theory. Think I caught it over at ZeroHedge a couple days ago.

Oh well...too bad 95% of Americans are clueless and won't take advantage of the opportunity to save their asses and stack some phyzz during a fire-sale. 

I picked up 30oz's of silver last week for 22/oz and I'm THANKFUL I got it in my hands! My LCS guy is saying supply is good and he's been able to buy it from his wholesaler for about the same premiums as before, so he's had no reason to hike his premiums to me. Tomorrow I'll be able to pick up 20 more ounces for about 2 bucks over spot! I'll take it!

I know that's not exactly BUTT (Backing Up The Truck), but it's what I can afford right now and I will keep averaging in my costs as silver keeps going down week after week until it finally reverses. 

Gent · Jun 27, 2013 - 9:15pm

What's up??

{From Harvey}

what is going on here?:

JPMorgan’s Henry Bath Delists 21 LME Storage Units Worldwide
Henry Bath & Son Ltd., owned by JPMorgan Chase & Co., requested the London Metal Exchange to delist 21 of its warehouses and storage facilities.
Five warehouses in Baltimore, three in Liverpool and two in Bilbao, Spain, were delisted with immediate effect, the bourse said in notices to members today. Henry Bath also had two Singapore warehouses, and one warehouse in Chicago, New Orleans and Busan, South Korea removed, according to the LME.

Six of Henry Bath’s Rotterdam facilities were also removed from the network of LME warehouses with immediate effect, the LME said.

https://www.bloomberg.com/news/2013-06-27/jpmorgan-s-henry-bath-delists-21-lme-storage-units-worldwide.html

Gent .... Simple, I'd presume ... Why list and maintain empty warehouses??

benque · Jun 27, 2013 - 9:16pm

rtabit

You presume mightily, to think I could give a rat's ass about your LACK of stack.

Now; like a will-not satisfactorily plucked from my nether-hairs, I have examined you critically, deemed you disposible, and flicked you into the bowl.

lnardozi DallasRichard · Jun 27, 2013 - 9:16pm

re: Wait. Stop.

Seriously? You REALLY believe the people that run the world aren't programming you? I mean, they don't do it on TV, right? And Radio? Billboards? Movies? The internet? It's EVERYWHERE, and it's on blogs too. What's cheaper, named shorting a million contracts or hiring some $10 an hour schmucks to post your script?

kaiserwongze · Jun 27, 2013 - 9:25pm

Notice anything different?

Obviously premature to call any kind of bottom already, but has anyone noticed the big disconnect between the $HUI today? There's a big disconnect now with silver futures also in this selloff. I can't imagine that this panic can't be related to Chinese banks in need of liquidity.

Down Range · Jun 27, 2013 - 9:26pm

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Key Economic Events week of 12/10

12/11 8:30 ET Producer Price Index
12/12 8:30 ET Consumer Price Index
12/13 8:30 ET Import Price Index
12/14 8:30 ET Retail Sales
12/14 9:15 ET Industrial Prod. and Cap. Utilization
12/14 10:00 ET Business Inventories

Key Economic Events week of 11/26

11/27 9:00 ET Case-Schiller home prices
11/27 10:00 ET Consumer Confidence
11/28 8:30 ET Q3 GDP 2nd guess
11/28 10:00 ET New home sales
11/29 8:30 ET Personal Income and Spending
11/29 10:00 ET Pending home sales
11/29 2:00 ET November FOMC minutes

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales

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