Another 3-day Weekend? Must Be Time For Some Jackass!


In what has become a tradition here in Turdville, our pal Jim Willie stopped by this morning for a wide-ranging, hour long discussion. <Note: This is a free, public thread!>

This baby checks in at just over an hour so you might want to break it up into parts. Download this to your computer/ipad and, if you need some time away from the pool or the beach, put in your earbuds and go to town! Amongst the topics discussed are these:

  • The latest developments in the budding "Eur-Asian Alliance"
  • The progress the BRIC nations are making in setting up the 21st Century financial system
  • Falling U.S. interest rates and the treasury market
  • DoucheBank and the other walking, TBTF zombies

Jim has promised to join us again for our next 3-day weekend in July. Until then, this hour-long discussion should satisfy even the most starved info-junkie.

Have a great weekend!



May 27, 2014 - 5:55am

The Gold Fix is Inby Greg

The Gold Fix is In

by Greg Canavan / on May 27, 2014 at 3:02 pm

Yesterday we mentioned that a big move lay ahead for gold — either up or down. It didn’t come overnight though. With the US equity market closed for Memorial Day, there wasn’t a lot happening in the gold sector. We watch and wait…

Whether it’s by coincidence or not, we don’t know, but gold has been very quiet ever since Deutsche Bank dumped its seat on the London gold fixing panel in late April. For some time before that regulators were sniffing around the London gold ‘fix’…and something didn’t smell quite right.

The London gold fix is a process by which five investment banks set (errr…fix) the price of gold on a twice daily basis in London. It’s been going on like that since 1919 when NM Rothschild controlled the process.

But in January, Deutsche Bank announced that it would relinquish its gold fixing seat (under pressure from the German financial regulator). It hoped to sell its seat to another player, but curiously no one was interested. As a result, it resigned the seat in late April, giving two weeks’ notice.

At the same time, Deutsche resigned from the silver fix. Because the daily silver fix only had three participants, this move effectively killed the price setting process. The silver fix, which began in 1897, will cease in August this year.

So here we have a major player getting out of a supposedly venerable position very quickly. Then, just a few weeks later, the UK’s Financial Services Authority (FSA) fines Barclays Bank £26 million for manipulating the gold fixing process. Of course this was just an isolated incident, and the FSA also fined a Barclays ‘rogue trader’ £96,000 pounds for doing the manipulating. It’s not as if it’s systemic or anything…

Maybe that’s why the gold price has been remarkably quiet these past few weeks. The fixers know the regulators are watching. Everyone’s behaving. But it’s not going to stay like that for long…

I would highly recommend reading the full article at

May 27, 2014 - 4:43am


  • Global Physical Silver demand continues to increase
  • est 99.9% of Silver stacker transitions is from 'non-stacker' to 'stacker'
  • Approx 10 months ago the silver chart reached a functional low limit in the 18-19 range, and has been sitting on or near that threshold ever since.
  • In that 10-month period the WFCS media has pumped crypto-currencies, made repeated cases against the USD reserve currency, and adopted the GMM (gold market manipulation) narrative.
  • The WFCS has yet to present a 'nation'less digital reserve currency as their recommendation to replace the USD as the reserve currency.
  • The silver chart is still the single price reference for all of the world's physical silver transactions (this will end)
  • est 99.9% of the those aware of the silver chart believe that it displays the results of some type of traded market
  • The USD is still 100% the world's reserve currency as the value of all other fiat currencies is set relative to the USD.

(Cases made against the USD in subordinate contexts (e.g. the oil-trade "Petrol Dollar") are completely irrelevant, as trade in any fiat currency is a trade in a USD valued currency. Suggested alternatives to USD venues (e.g. BRICS bank, or Alternate IMF) are equally ridiculous as those failed efforts were to be funded with USDs or USD valued currencies)

  • Media SILVER Blackout- Positive Silver monetary information is blacked out in the WFCS misinformation media (ZH, Bloombert, CNBC, etc...) and even appears to have infected/affected many PM analysts.
  • Silver is Money. The WFCS with all it's currencies, charts, reports and institutions is not Money.


May 27, 2014 - 4:15am
May 27, 2014 - 4:08am

Yet another assault on $1280

Or so it appears...

May 27, 2014 - 3:58am

Motivational dynamics

What motivates a complete human being. Is it the truth or is it the desire to find comfort in the collective consciousness. Of course most people go for the collective consciousness. This is the way that nature uses it's discretionary powers to further it's agenda of getting the work done. To seek truth and enlightenment is the way of the true warrior.

May 27, 2014 - 2:10am
Safety Dan
May 27, 2014 - 1:03am

Rickards has stated while on

Rickards has stated while on tour, and in his book, (though I have not read), he has seen a letter signed by Obama indicating all the Au is in place. The letter was to the Chinese. Go Figure. I wouldn't want to be him if he lied to them. They tend to execute white collar criminals.

As for the other posts who contemplate where's the gold.. In past posts of mine you will see the final report on World Trade Centers dated in 2005 though published late 2006. In the report it links Marcos gold from the Philippines to the Trade Center gold. You may wish to review that past comment as it lists page and document.

Also, I believe the US has "some" gold. Having seen them take Philippine, Iraq, and now Ukraine gold leads me to believe its not per chance this happens. The Elite know gold is money and power. So would they, in their right minds, sell it? Again, its entirely possible its gone, re Philippines, 1986, Iraq 2005, Ukraine 2014. It certainly happened to those 3rd world countries, and the US is accused of being 3rd world.

If so, then who is the 'Elite' that hold gold. I'm sure the World Trade Center gold has been refined and its footprint or fingerprints wiped & changed.

This was posted earlier in this thread.. Much of the world’s sovereign gold reserves have been stored for safekeeping for many years in the vaults of bullion banks and other international financial institutions, largely in London and the United States. The reasons the world has stored its gold in the bastions of Western democracy vary: in the case of Poland, as we reported last week, gold bullion reserves were spirited out of the country ahead of the invading Nazis during World War II, first to France, then to the U.S. Physical gold is a bit bulky as a medium to use for buying and selling when you’re dealing in millions, billions and trillions, so governments have been content for the most part to leave it in place and merely trade it around on paper or digital 1s and 0s. Because the largest bullion banks are headquartered in the West, and because the U.S. dollar has been the world’s currency for commerce and bank reserves, much of the world’s gold has ended up sitting in Western vaults. That tradition is changing quickly. Among those nations that have either reclaimed their physical gold reserves or where initiatives to do so are in process, WealthCycles has written about gold repatriation efforts in Romania, Venezuela, Ecuador, Switzerland, Poland and Germany. As is true of many nations, most of Finland’s 49.1 tons of gold reserves is held outside the country’s borders, the bulk of it in London. But at least some of its citizens see the handwriting on the wall and have persuaded their government leaders to at least take the concept of repatriation seriously. Leaders of the Finnish movement are calling for a national referendum on the matter no later than May 2014.

From this link

May 27, 2014 - 12:50am

Remember It's all in the Perception Sell

MSM is hyping its US vs China, but is it? When is the last time MSM was helping their audience to truly underdstand?

They certainly are not hyping this;

NW VIEWdelacroix
May 27, 2014 - 12:42am

@ delacroix and skateboard

Now that is truly funny. An intervention with her will give one a black eye. When they are 79, they do not care about political correctness nor going to jail for someone meddling in their lives. That is why it is also dangerous to rob a store it there is an old man buying something and he has a 40 pistol in his coat pocket. He will use it. She may club you with the skateboard.

Dagney Taggart
May 27, 2014 - 12:31am


Responding to your edit from yesterday regarding Canadian immunity:

How much time the current international financial system has left dictates what can be done to us, and to you. Let's just say it would be much easier for this part of Canada to disassociate and start over. And we are still fairly well armed here, for Canada that is (Nothing like the toys our Nevada neighbors have: One even has both a 12.7 and 20 mm rifle!). I see a possibility that Canada and the US could be simultaneously balkanized (as part of some archaic NAU scheme) in which case there is no place I would rather be establishing commerce with the half dozen resourceful western states within say 1000 km below me and dumping the pussified, tea-drinking ultrasocialists out east. Socialism has already proven a failure out in the open and people obviously do not want to be ruled over by others who do not suffer any consequences for their wrong decisions. It's not the time for politicians to push more socialism, out here especially.

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Recent Comments

by DeaconBenjamin, 32 min 24 sec ago
by BigSkyGuy, 1 hour 7 min ago
by GoldHermit, 1 hour 40 min ago
by Blackwatersailor, 1 hour 56 min ago
by Texas Sandman, 2 hours 8 min ago