An Encouraging Thursday

Thu, Sep 8, 2011 - 5:10pm

It what can only be construed as encouraging action, gold flew back higher today, nearly to the level it was before the blatant manipulation of Wednesday. I'll be very interested in the OI numbers tomorrow to see if today was primarily due to continued short covering by The Cartel.

I'll find it quite amusing if it was. To think that the SNB deliberately tried to manipulate gold lower only to be thwarted by the greedy, frightened, short-covering Cartel is wonderful to consider. Sort of like having your two worst enemies declare war upon each other. I'll stay happily on the sidelines while I giggle at my good fortune. At the end of days, survival instinct kicks in and everyone turns on each other. Perhaps that's what we're seeing here.

Regardless, The Turd is quite pleased with where we stand at this moment. Absent margin hikes or further intervention, the PMs look certain to trade higher this evening and into the overnight. (President O'bottom discussing the idea spending more money that we don't have should help provide the bids.) IF they can survive the usual 3:00 am LBMA beatdown, they will be poised for a stellar day tomorrow. Perhaps they will even finish with a green candle on the chart.

And if you haven't read this yet, I suggest you do it now. There's no sense in me commenting on it as I would imagine you can easily envision what I would say. (Something like "duh" or "ya think?" comes to mind.)

Have a great evening! TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 9, 2011 - 3:14am

re: Insanity

The numbers lead to only one conclusion: in the current economic environment, government spending does not create jobs nor does it lead to economic recovery.

So why does the President think that The American Jobs Act that he proposed this evening and estimated to cost $450 billion will be any different?

It's not different, and they know it. The purpose is to extend the Ponzi for as long as possible.

Sep 9, 2011 - 3:19am

1920 on Horizon

Looks like clear sailing til 1920...........I would say the EE are out of fire power. Now what to do? as Blythe wrings Ruprects neck

Dr G
Sep 9, 2011 - 3:40am

They aren't out of firepower,

They aren't out of firepower, just finished with the trickery for this round. There will be other manipulations, including CME margin hikes. Aren't we due for that soon?

Sep 9, 2011 - 3:44am

You always remember your first....

coin. And what a beautiful specimen it is Turdle GG. Congrats on your purchase!

flying monkey
Sep 9, 2011 - 4:11am

Cartel Pattern

Yesterday was a 2% (flying monkey induced) cap on the USD rise in the price of Gold. The pattern is usually that today will be a 1% cap and then steady for a few hours and then another attempt at a slam down. So predictable. Discovered by James McShirley who presents info for Gata.

Revolucion flying monkey
Sep 9, 2011 - 4:19am

Cartel Pattern

@flying monkey

Do you have more info on this?

Sep 9, 2011 - 4:24am
Sep 9, 2011 - 4:24am


oops duplicate

Sep 9, 2011 - 4:25am

@ Turdle GG

VERY nice. I'm jealous:)

Joy on Maui TF
Sep 9, 2011 - 4:40am

There is little Mossad will

There is little Mossad will reveal (or manufacture) that does not actually support their own objectives. They are, to me, the equivalent of The (bullion) Cartel you speak of when it comes to geopolitics. Watch for a false flag operation they will pin on Turkey, they are supremely good at it. This is just a primer for the eventual blame game.

GS_PHYS Revolucion
Sep 9, 2011 - 5:04am

Good catch there !! Thanks to

Good catch there !! Thanks to both @Monkey and @Revolucion

@Rui Thanks for the video.


nathan1234 StartThePurple
Sep 9, 2011 - 5:04am

Obama is playing to the galleries

RE :Insanity Submitted by StartThePurple on September 9, 2011 - 2:36am. Obama is playing to the galleries- This way he can accuse the Republicans if they dont agree and when it does not work he will say he tried. Politicians think they can dumbdown the people. Being Goebellian works only for a while. Truth will prevail. All these guys need to be behind bars or strung up from the nearest lampost. People's welfare is the last thing on their minds

flying monkey Rui
Sep 9, 2011 - 5:18am

James McShirley Video

@riu Thanks for putting that video up. We had a 3% rise last week which was a sign of the cartel being overwhelmed by demand but then the swiss flying monkeys came in to help. is a great source of info as well as this blog.

Sep 9, 2011 - 6:07am

Anyone remember April 29 ????

In Silver am seeing most indicators (today Fri Sep 9) lining up to almost same level and Pattern as Fri, April 29 (on 8 Hour chart).

It's a coincidence that Monday, May 2 was holiday in Asia as it is Mon Sep 12.

I am seeing Stoch Momentum/Stoch RSI in Silver.

Also Gold was hammered from 1576 to 1524 almost 2% drop.

Any predictions for today ?

PS: if anyone believes WB, Silver above 36 for 60 days is ending on Sep 11 as per "silver-foil-hat"

Sep 9, 2011 - 6:17am


What caused this drop?

flying monkey
Sep 9, 2011 - 6:26am

Gold Sale

A warm thank you to the Cartel for providing another Gold and silver Sale today prior to the comex open. Very kind of them to allow me to stock up on discounted precious metals before the Keynesian experiment totally fails.
Sep 9, 2011 - 6:33am

Metals are now just a rigged carnival game

This is just fucking ridiculous. Worse than I've ever seen it. They are in total and utter control of these prices. Pathetic.

Sep 9, 2011 - 6:35am

Aw come on ....

Aw come on ....

Sep 9, 2011 - 6:35am

Gold at Discount!!!

Gold at Discount!!!

Sep 9, 2011 - 6:38am

EE That's all you have?? You make me fun!

Shows us more! Uups, I forgot you don't have more. HAHAHAHA! We are wining!

Sep 9, 2011 - 6:39am


down to 1725?

Coldwired flying monkey
Sep 9, 2011 - 6:39am

Aye, right on cue. When I saw

Aye, right on cue. When I saw this vertical drop I looked straight at the clock and smiled at the 11am (uk) time. Fast drop though. I really should pay more attention to the 11am & 3pm periods (UK). People in work think I'm a bit of a conspiracy nut when I talk about these manipulation times.. Edit: er.. OK another $0.7 gone.. jesus

Sep 9, 2011 - 6:39am

Yet another raid?

Gold raided again this morning at approximately 6 am.

Nice buying opportunity today. A successful raid appears to require huge trading volume from the previous day. We did not get that in gold (around 233K) and silver (around 38K). If volume picks up today because of possibly high volatility or rising prices, I would unload with an expectation that of a big raid coming over the weekend while the Chinese markets are closed.

Sep 9, 2011 - 6:44am

Tin Foil Talk Says....

Thoughts about this move down in PMs?

Are we seeing the ripples of another Margin Hike, or another SNB type move?

Stuff it down Goons... Glad to add at a discount.

silver foil hat
Sep 9, 2011 - 6:47am


(I like that)

They are bottom fishing for the stop loss orders... the drops are occurring on minimal volume by the "tic" chart, when they find a stop loss, the volume spikes then returns to minimum to walk the price down.

Looks like as wb says, they (the EE) are desperate.... and if I am right on my count, today is the last day before wb says their time is up for the derivative basis for trading / covering.

Remember though, I will again state I have NO connection with wb, the 'group' other than what I have read along with the rest of the world that bothers to read 'her' posts on the internet. So if you are going to buy, sell, or hold today you have to come with you own conclusions. That being said, I am positioned as I see fit for myself... your strategies may differ.

Sep 9, 2011 - 6:47am

Raid at 6am

Raid at 6am

Sep 9, 2011 - 6:48am



Silver Monkey
Sep 9, 2011 - 6:52am

silver foil can you expand on this please?

What did WB say about this being the last day?

today is the last day before wb says their time is up for the derivative basis for trading / covering.

Sep 9, 2011 - 6:57am
33 and a turd
Sep 9, 2011 - 7:04am

ZH on the gold drop

link here

Gold managed to get back to unchanged from last Friday's close and has now last over $50 in the last 45 minutes. Interestingly dropping like a stone to exactly the levels pre-spike on that day. Few rumors of margin calls out of Europe but nothing specific to drive this other than the levels and the opportunity for the QE3-hopers to cover their weak longs from Friday? Or perhaps the rumor that the ECB did not rule out using gold-backing for EuroBonds is off the table now that Greece looks unlikely to meet its necessary debt exchange participation rates?


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