Dried Out and Ready

232
Mon, Jul 25, 2011 - 2:33pm

LT #1 and I had a wonderful time at the U2 show Saturday night. I have a question for you, though. When was the last time you voluntarily stood in the rain? I did it for over 2 hours Saturday night and had a blast. Soaked and cold but happy. How The Edge managed to play in the downpour I have no idea. How Larry was able to keep metronomic time while soaking wet is a mystery.

Onto the task at hand. Another day with no "bipartisan deal" on the debt ceiling. Yawn. I do find it interesting, however, that every little headline or rumor is seized upon by The Cartel and the WOPRs and the PMs fall sharply. To me, there are three very important things for you to keep in mind:

1) The open interest numbers, particularly in silver, are still so low that it's going to be very difficult for a cascade/waterfall to develop. Unlike late April, silver contracts now reside in what are, primarily, very strong hands.

2) At the end of the day, the debt ceiling is going higher, probably to the tune of $2T or so. Again, from where will that money be coming??? Sure there will be some borrowing from willing lenders but the vast percentage will be from continuing QE.

3) We are headed into August and the typical, very strong seasonality of the PMs.

All of these combine to create a great atmosphere to buy the dips. Not every dip will be met with substantial FUBMs as there will be days when the EE will win. However, in the end, any metal bought today is going to worth substantially more in fiat by Labor Day. They will be worth even more by Halloween. They will likely be even higher still by Thanksgiving.

So, the next time the PMs drop sharply on some manufactured "news", don't panic. Just calmly step to the plate, point to the cheap seats and then park one right up The Cartel's batooty. TF

paper_7-25pmgold.jpgpaper_7-25pmgold4.jpg

paper_7-25pmsilv.jpgpaper_7-25pmsilv4.jpg

About the Author

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turd [at] tfmetalsreport [dot] com ()
Does Feb19 Comex gold close above $1250 on Friday?
YES
77%
NO
23%
Total votes: 137

  232 Comments

ginger · Jul 25, 2011 - 6:59pm

Kumanari, ..beautiful song.

Kumanari, ..beautiful song. It brought tears. Thank you so much for posting it. ..........And regarding Jim Rogers, it *is* fun to watch him school the MSM interviewers. They truly do not get it. He is totally respectful but he doesn't let their nonsense stand. He just tells it.

George, EricO, GoodDr ...you are all correct of course in that NOW is the time to be accumulating these wonderful miner values. As someone who has only been 'collecting' for just under a year ..I cannot fathom how tired the rest of you must feel sometimes though ..with all of the manipulation games. I guess what I wonder is why we think it will ever change.. or anytime soon. I can't wrap my head around the reasoning here as to what's to suddenly stop them from playing the game any longer. Yes.. I know that as price advances (of the metals) that the shares will likely have to break free of the shorts at some point. ...I just worry that by that time there will be a new game in town to replace the shorting. ...Say ..nationalizing mines or taxing profits at an astromical rate. ...Of course I'm diversified in many countries but I can't just think that TPTB will sit by and allow us to reap any profits if they have anything to say about it.

If anyone could shed light on the possible/potential scenarios/outcomes of how the miners could end up being a win for us preppers... I'd love to hear some thoughts on this.

vamoose1 · Jul 25, 2011 - 7:01pm

Pining and Steed

Totally agree. I think it might regress to being a somewhat tribal world, like we spent most of our history doing and I too have watched this thing regress with mounting horror, and i say how long can this comedy act, this kabuki act hold together.

And then one fine day it doesnt. These witless idiots in Washington want to be careful. It may be political theatre to dick with the debt limit of 64 consecutive years duration when you are a solvent country, but hard eyes are watching and are increasingly dismayed.

Make friends, get to know your neighbours, do something unexpected for them, its about defence, and strength in numbers, and buy a siren from one of those sites, sirens scare the shit out of interlopers. Friends, flare guns and sirens , hows that, hahaha

¤ · Jul 25, 2011 - 7:03pm

1/2 life

ZH said it best the other day with that one thread or comment about the 1/2 life of certain important events or deadlines or levels of debt, leverage etc.

Our whole system is very leveraged in a lot of ways and on the brink of some form of systemic collapse and our leaders are acting and governing in a very haphazard and illogical way the closer we get to these deadlines.

I've been referring to it as a multiplier(or multiple) effect for awhile and that's pretty much what I mean when I refer to that term. I'll try to dig up a article I read about time and that feeling that things are accelerating. Thus events in mankind are accelerating and it effects on the ability to reason and react are impaired etc. Pretty fascinating. Doing a search soon.

I know that sounds like time travel. It's not. It's more about Einstein's Theory of Relativity (I think, someone correct me) and the ability of space (time) to be flexible.

I recall reading on the old TF blog someone on here talking about cycles in nature/space and the 4th Turning or something like that. I think it's a book but I don't want to totally get it wrong on here.

You know who you are and what I'm talking about.

Help me out if you read this. Thanks.

¤ · Jul 25, 2011 - 7:14pm

Bridge of Sighs...the good kind

ROBIN TROWER - Bridge Of Sighs (1974 UK TV Appearance) ~ HIGH QUALITY HQ ~
Save_America1st · Jul 25, 2011 - 7:39pm

This would have been a piece of cake...

...and we'd get away with it too; if it wasn't for that know-it-all Turd Ferguson and his loyal Turdites fowling up our evil plans!

TheGoodDoctor · Jul 25, 2011 - 7:50pm

14th Amendment. Hate to say I

14th Amendment. Hate to say I called it, but I think this will happen. When it does. Impeachment proceedings begin.

Steve King on default: Obama could be impeached


Read more: https://www.politico.com/news/stories/0711/59836.html#ixzz1TAF9IQDK

https://www.politico.com/news/stories/0711/59836.html

question · Jul 25, 2011 - 7:52pm

@DPH Into the Fourth

@DPH

Into the Fourth Turning
A Casey Research interview with Neil Howe, co-author of The Fourth Turning

I don't know if this is available on the CR site without a subscription; maybe. Sometimes after a while they make them available. Maybe google the author or the title. I've not read the book but the interview explains a lot of the idea.

Generations repeating behavior and belief systems; make some sense I think.

Save_America1st · Jul 25, 2011 - 7:57pm

Was just flipping through the channels...

8pm EDT on the Smithsonian Channel (HD if you have it) is "Hunt For The Double Eagle".

The history of U.S. coin that ends up being worth millions of dollars...

Just thought I'd share...seems like a bit of a coincidence since that Double Eagle confiscation story has been going around lately...

¤ · Jul 25, 2011 - 8:03pm

This Will Blow Your Minds

@question...thanks!

Keep in mind this was made in 1997 and what he says right away into the vid clip.

Neil Howe and William Strauss on The Fourth Turning in 1997 CSpan
polopony · Jul 25, 2011 - 8:03pm

Can anyone tell me....

Can anyone tell me why I receive a tax deduction for having a safe

deposit box? Something doesn't seem right about that. Thanks!

maravich44 TheGoodDoctor · Jul 25, 2011 - 8:07pm

14Th Amendment

@ The Good Doctor, what does your Spidey sense tell you, Is this just another convenient diversion?

TheGoodDoctor question · Jul 25, 2011 - 8:09pm
Save_America1st · Jul 25, 2011 - 8:10pm

Figures I was at the end of the last page...

So I'll post one more time:

Was just flipping through the channels...

8pm EDT (right now) on the Smithsonian Channel (HD if you have it) is "Hunt For The Double Eagle".

The history of U.S. coin that ends up being worth millions of dollars...

Just thought I'd share...seems like a bit of a coincidence since that Double Eagle confiscation story has been going around.

It's pretty cool so far yes

margaritatime · Jul 25, 2011 - 8:19pm

You know… I used to follow TF

You know… I used to follow TF on ZH. Why. Because I have been a metals trader since 1998 & 1999. By 2005 I paid my student loans off. I have never been in debt, if I couldn’t afford it cash, I passed it by. I have owned a home, actually a ranch. The first time I was in debt – so to speak. I have developed a strategy over the years as the markets got weird to sell and buy – continuously accumulating until I saw a sign I should do otherwise.

And this forum / community grew, with religious fanatics, doomsayers, and people from Europe that want to dispel hatred on the United States [read my actual join date – need I say more?]. I look back on it all and cannot help to notice many are missing the point. I have my favorites, whether an anonymous hat tip or private message, I have my favs. The straight shooters.

I am anonymous, and prefer to be that way, and if that scares you, so be it. I am a single female, rockclimber, and hiker, and very independent. Sometimes I look around at all the bullshit and wonder if anyone can back up their claims. Actually I don’t just wonder; I can tell the difference between bullshit and fact. I like people that tell it as it is, I like canned bacon, I like people that are willing to share what it is they know, I like people that tell things as they are, I cannot think of anyone else I want in my fox hole. We are all here to learn, have compassion, and grow. Yet I see an exemplary opposite from the some of the posts… Standing on a teeter totter, arguing with useless trolls such as M…. I mean really people? Do you really think you are going to succeed and persevere? I do not think you understand the powers at play.. You are better than that, step up to the plate.

Lou – I am sincerely sorry to hear you loss. It may not count for anything at the moment, but there is legacy – it will come. Be strong.

We live in a great nation. We have a spirit that others have feared since the beginning of time, yet that many have enjoyed. We do not turn our backs on those less fortunate, otherwise our legacy fails. Never forget that. We are too good for trolls, and too good for those that want to destroy that simple human fact.

For crying out loud. If nothing else, than a guy named Turd, from any town NE, that we gather around as a sphere of influence. Yes I speak in riddle in rhyme.

Bene es! Quis custodiet ipsos custodes.

bbdgoco · Jul 25, 2011 - 8:23pm

polopony

Can anyone tell me why I receive a tax deduction for having a safe

deposit box? Something doesn't seem right about that. Thanks!

​Just a guess. Either

​A) It's a handy way for the IRS to know who has a safe. 

​B) The National Safe Manufacturers Association had an effective lobbyist

C) A safe factory was in the district of a powerful congressman

D) All of the above

LaMachinna · Jul 25, 2011 - 8:25pm

duckwomanloulou...

Just wanted to say so sorry to you and yours...heart

Gramp · Jul 25, 2011 - 8:26pm

Arghhh..... Further down this

Arghhh.....

 Further down this slippery financial slope we are on, the more likely even "good" people will sour morally.

One of the boys interviewed on KWN made mention to the increased stress that many are under... have patience, think twice, speak once.

 Really enjoy the professional and informative platform that has been built here!yes

Save_America1st · Jul 25, 2011 - 8:27pm

@Margaritatime

+1776

...will you marry me? smiley

TheGoodDoctor maravich44 · Jul 25, 2011 - 8:27pm

@maravich Just a gut feeling

@maravich Just a gut feeling on the 14th Amendment. That way it makes everyone look good and they don't have to raise taxes or cut spending. Then the impeachment is the bigger show. More like the challenge of the interpretation of the Constitution.

Plus the fact that Steve King etc. are coming out and saying they may impeach him. Just connecting the dots bro.

maravich44 bbdgoco · Jul 25, 2011 - 8:30pm

polopony

e) you have just created 55 gubment jobs.

LaMachinna · Jul 25, 2011 - 8:33pm

Is that wedding bells I hear ringing???/GOOD DOC

wink

Also, GOOD DOCTOR, throw LaMachinna a bone would ya? cheeky Pls help me understand what you are getting at. Need more input, need more input...

Thank you, I'm just not connecting the dots like you are, meaning, I don't have as much knowledge that you do, but know this is really something of significance, that enquiring minds like Machinna's need to know as part of the big pic .

Transparently clueless, Gina LaMachinna cool

Gramp · Jul 25, 2011 - 8:35pm

Oh... and how about that

Oh... and how about that Obummer' Health Care Plan...?

Don't here much about it now...

Scary how there guys can move from issue to issue, like a hot potato, and how quickly the public jumps to the next spoon fed Garbage. WTF...

polopony bbdgoco · Jul 25, 2011 - 8:36pm

I was thinking "A"   Thanks

I was thinking "A" Thanks for the reply

¤ · Jul 25, 2011 - 8:40pm

The Fourth Turning

Repost. Infamous last post from previous page.

As I said earlier, keep in mind this is from 1997 when he starts stating his timeline.

@MargaritaTime ...teeter-totter? Yeah, I teetered, sorryblush won't happen again

Neil Howe and William Strauss on The Fourth Turning in 1997 CSpan
TheGoodDoctor · Jul 25, 2011 - 8:41pm

@LaMachina check my posts in

@LaMachina check my posts in the last couple articles Turd posted. You could even go to the U2 song post. I posted a long post but I'm not sure where it was at this point. Multitasking before the big show in 20 minutes!

¤ · Jul 25, 2011 - 8:43pm

LaMachinna/ I Couldn't resist

Video unavailable
treefrog · Jul 25, 2011 - 8:46pm

article 1, section 3, clause 6,

article 1, sec. 3, clause 6, u.s. constitution:


Clause 6: The Senate shall have the sole Power to try all Impeachments. When sitting for that Purpose, they shall be on Oath or Affirmation. When the President of the United States is tried, the Chief Justice shall preside: And no Person shall be convicted without the Concurrence of two thirds of the Members present given the present make-up of the senate, impeachment is a hollow threat.
Gramp · Jul 25, 2011 - 8:49pm

hey DPH, that Vid posted

hey DPH,

that Vid posted about the algo trading late night by another member was crazy huh? maybe i can find it again.

reminded me of Terminator II stuff...

¤ · Jul 25, 2011 - 8:50pm
¤ Gramp · Jul 25, 2011 - 8:52pm

TED...

...was the name of the vid or website. You'll find it. Or I will.

Repost that if you do for everyone here tonight.

That was fascinating

 It's all starting to come together for me and become more understandable and easier to see where were headed.

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