Thursday, December 16, 2010

Look To The Right

Its 8:00 EST. Look to the right and then re-read.

http://tfmetalsreport.blogspot.com/2010/12/criminal-evil-empire.html

Bonds flat. Dollar down. Crush the metals? Yah...that makes sense. Or does it make more sense that there is orchestrated and deliberate manipulation to suppress price?

As the beating continues, I thought I'd give you this one again, too:

http://tfmetalsreport.blogspot.com/2010/12/ok-now-im-pissed.html

And this fantastic little nugget was posted on ZH late last evening. By now, its slid way down the page so you'll have to hunt to find it. Re-posted here for your convenience.

http://www.zerohedge.com/article/guest-post-what-silver-vigilantes-understand-you-probably-don’t-arithmetic-human-nature-and-

More later.

40 comments:

  1. Why complain? This is just as expected.

    Why not consider making money based on Blythes and the EEs predictability?

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  2. TF, calls the play perfectly again!
    We will be victorious!!!

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  3. It's so brazen, and so obvious even my dog can see this fraudulent market manipulation. TPTB want to keep the sheep herded safely away from PMs as an asset class in a desperate move to preserve the ponzi.

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  4. I bought 5 march future contacts @ 29.05 just after 8 am. its a little lower now, but keep the faith.

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  5. James Turk argues that COMEX should show backwardation in Silver but doesn't. Forward contracts do show backwardation, according to LBMA data:

    http://www.fgmr.com/scramble-for-physical-metal-intensifies.html

    Physical supply is tight - ask any coin dealer.

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  6. Another day, another beating. I really have to start day/night trading based upon the well timed shenanigans that go on in the markets.

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  7. What do you guys think about those pool accounts at Kitco? Safe enough? worth the premium? WILL I be able to get it later if the SHTF?

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  8. Another beat down of my juniors. They shouldn't beat juniors. Thats child abuse....

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  9. Joe: Simply because Nadler is their spokemouth, I wouldn't trust Kitco at all.

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  10. Give me about 20 minutes and I'll post a very interesting 1-minute chart.

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  11. Hope it has some good news. I am down 2% in the first hour of trading.

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  12. 9:00 Central time, looks like it might bounce off of support at 28.50?

    I am going to my local dealer to buy some coins today :)

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  13. Bluelight special in aisle two.....get it while its still on the shelf.....heheheheh....thanks you dirty biatch......yum yum..

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  14. Keep bending over, Blythe darlin', I want to re-enter.

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  15. Ouch, scratch that last comment. They are REALLY smacking down on silver today aren't they! Yeesh....

    Looking forward to that one minute chart there Turd.

    Say, how do you fellas get the charts you supply? Do you have a special program for that?

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  16. Just once in my life I'd like to see some "panic buying".

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  17. All we can do is ride out the storm, that's all this is and nothing more.

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  18. No turd all we are seeing is just the old shake out courtesy of your girlfeind........

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  19. No! NO!

    Keep going down! I want more metal!

    So did anybody read my post about taking money out of my 401 and buying silver?

    Please shoot holes in this idea if I'm missing something.

    I have the electronic form filled out to withdraw the money and I'm ready to pull the trigger. I have the pruchase set up on the other side as well.

    Should I wait while the EE drives the price for physical even lower?

    I have never timed a bounce "just right", but this looks pretty good. Blythe and Co. hammmer metals down but they just keep springing back up.

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  20. If the BoS ever wanted to make a big move in physical, I'd say today is the time. Sitting back and watching...

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  21. Hey, that was my first comment on your blog. I had to type in one of those "word verification" things - I forget what they are called. Anyway, guess what my word verification was? "lythe". I kid you not! All you need is a "B" in front and what do you get? BLYTHE!

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  22. This is kinda a long shot but I think that stocks will fall all day today and PM's will fall thru mid-day but toward days end, PM's will rally back some as people turn toward a safety net.

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  23. sumo, you're a pig (thanks for the chuckle!).

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  24. @HighFrequencyTraitor,

    I removed my 401K and bought silver after five years 0% net growth, within 6 months after buying silver I'm up 40%.

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  25. My word was itch.... all I needed was a B too. or a w... haha

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  26. We got trouble,
    Right here in River City!
    With a capital "T"
    That rhymes with "B"
    And that stands for Blythe.

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  27. Anyone watching the CFTC meeting today? They say anything about silver position limits?

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  28. Let's not hold our breaths for any position limits.

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  29. You suppose the EE is making its statement on position limits right before our eyes?

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  30. @nathanabbott - Gensler said at the opening of the meeting that position limits will be the final of 4 rules discussed at today's meeting. It was on the agenda as the first item, but got bumped to the end. Pessimistically, I'll wager a dime that the topic will need to be postponed to the next meeting or later. They'll run out of time today to get to the position limits issue. (BTW - it's not a silver dime I'm waging!)

    @ Traitor - I've had the exact discussion with my wife about taking a loan out of her 401 to buy silver. For me, I've decided not to do it for a number of reasons. One, it is, in essence, buying on margin, which I refuse to do. I've spent too much time and energy getting out of debt to get into more debt for ANY reason. Secondly, I like to use a worse case scenario model for making decisions like this. Worst case - silver drops hard (think $14) for a prolonged period of time. Who knows why, who cares really. It COULD happen. I don't think it will but it could. I don't want to be underwater on my silver. I'd rather have less that is MINE.

    Anyway, hope this helps assure you that someone else has pondered the same thoughts. In the end, my conclusion, which I'm making progress on is that she just needs to retire. That would give us access to all 60K to rollover into an IRA. We can get by on other money for the next five years until she gets to be 59.5. By then that 60K will be A LOT more (Jr's are getting beaten down hard today, but will go to MUCH higher over the next few years). Just my two cents... paid in COPPER pennies. I do like the copper too ; )

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  31. Bond breakdown continues....3.55% on the 10 yr

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  32. They have done nothing --they came out today with the same old stuff--what a joke In fact, the CFTC affirmed the "exemption" of U.S. big-banks to the position limits:

    "Under the rules, the big banks can now claim an "unlimited bona fide hedge exemption" -- allowing them to engage in hedging on behalf of big producers or raw material customers without counting against their own limits."

    link to story -
    www.reuters.com/article/idUSNLLGNE6Q120101216

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  33. They already said they're going to miss their January deadline for position limits. The news was out yesterday.

    http://www.reuters.com/article/idUSN1515374920101215

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  34. reefman,

    I dropped my 401 contribution after a year of going sideways and have been spending the $400 a month on silver for the last seven months. I can yank almost 100K out and grab physical.

    If silver goes up at a faster that 7.5% APR I can sell small portions off a little at a time to supplement the $400 I am already spending to make the payments to my 401 loan and I get to keep the rest for free!

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  35. I think you are right, CO_Dan. Who is Congress to tell JPMorgan it may not commandeer a major industrial world market or two?

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  36. Blythe is having a smashing morning, and hopes you all are too. As a token of my gratitude for the bonus I've earned this morning I will offer you the following advise completely free of charge.

    First, those of you who draw a distinction between JPM, the CFTC, and Congress have adopted a fatally flawed world view. We are all playing for the same team in the same game with the same objective. Failing to understand this will cost you real money.

    Second, those of you trading in the paper market need to accept that you are gambling, not investing, and as in most gambling situations you will lose. I am the house. I hold the cards. I own the market. I make the rules, and I change them when it suits me. Just like in Vegas, you may play a few winning hands, but the house always wins in the long run.

    Third, those of you in the physical market should take this as an opportunity to dollar cost average into the market. In the short run PMs may continue to fall as interest rates rise, but in the long run PMs will hold their value as either inflation or sovereign defaults destroy paper currency. Remember, PMs are a hedge, not an investment which generates returns.

    TTFN,

    Blythe

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  37. Thanks Turd,

    Gald to see that I'm not the only one thinking this way.

    Perhaps I should only borrow the amount that what I am spending on my current monthly purchases would cover as a monthly payments, thus it would make no difference to my out-of-pocket situation. That way I could buy at the current beaten down price and pay for it from the money I was going to spend later on silver anyways.

    I am buying to hold long-term and will only part company with my PMs in a TEOTWAWKI scenario. My dearest dream is to leave the coins to my children and grandchildren.

    As far as a drop in PM prices I keep trying to think of a plausible scenario that would cause a significant drop in PM prices while leaving my 401 intact and I just can't put one together.

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  38. Where can I find a chart of the 10year treasury yield? Thanks!

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  39. WTF happened to Zerohedge? I jst checked in and there is this odd picture and nothing else.

    Has the EE been at work again?

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