Monday, January 3, 2011

Thieves and Criminals

Will the b.s. never end? In their increasingly desperate efforts to contain silver, the EE has decided to attack again today after-hours, on the Globex. This is akin to running a play in football when the other team is in a timeout and has only 2 or 3 of its players on the field. Complete and utter, desperate manipulation. The last time they tried this crap, I wrote this now-famous post:
http://tfmetalsreport.blogspot.com/2010/12/ok-now-im-pissed.html
Please take a moment to review if you are new to this blog or need a refresher.

OK, here's the one-minute chart from today:
Yes, this is bs and yes, it really sucks that they can get away with it. However, understand how desperate the EE has become that they feel they must consistently resort to such dirty tricks in their attempts to restrict the rise in silver. Let's wait for the BoS to appear and drive things back up. When they do, we can celebrate with biggest. loudest FUBM yet.

What they can't erase, however, is that gold and silver both established new pit-session closing highs today. Feb 11 gold closed at $1422.90 and Mar11 silver closed at $31.12. HAHAHAHAHA, EAT IT BLYTHE!

Let's continue to watch to see how this plays out. Mar11 silver has already rebounded $0.21 off its lows so look for a chart posting of another FUBM later if it materializes. In the meantime, laugh this off and hang in there and, for pete's sake, don't sell anything. They win if you sell. We clearly have them on the run. Don't let em off the hook now. (I've hit my meaningless metaphor quotient for the day.)
Much more later.
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31 comments:

  1. Scottj88January 3, 2011 at 4:07 PM

    Your words speak well for the thousands of us out there in who cannot summarize these actions so concisely.

    Thank you for your efforts and for putting yourself out there. There is not much time for the criminal elite before their ponzi scheme comes down. Each day that passes a new soul is born with the awakening to the reality of the world our leaders have driven us into.

    This is not just about the silver and gold markets, this is about everything we know in life. The gold and silver time line is just a signal for how close we are to a collapse. The faster silver climbs, the more imminent trouble for American's who use Federal Reserve Notes are.
    -
    Google Ron Paul!
    -
    End The Federal Reserve!
    -
    Scott J

    ReplyDelete
  2. AnonymousJanuary 3, 2011 at 4:37 PM

    Turd, it's only a temporary setback. They can't control the price in the long term. Spikes down like this will be used by strong hands to continue accumulating the metal so let the idiots continue playing with their bits of paper. They will feed a longer term silver bull.

    As for me, every cloud has a silver lining. I've been planning to double up on my AGQ.L holding here in the UK since before the holidays, so the Wall Street clowns will hopefully help me to get my shares at a slightly lower price.

    Keep up the good work Turd. A great blog.

    ReplyDelete
  3. MarcusJanuary 3, 2011 at 4:42 PM

    BTFD

    ReplyDelete
  4. JackJanuary 3, 2011 at 4:56 PM

    They can only do this for BS for so long...I believe we've just entered Stage 2 of Israel Friedman's silver shortage paper.

    Here, read this to pump you all up!
    http://meltdown2011.com/2009/06/13/the-3-stages-of-the-coming-silver-shortage/

    ReplyDelete
  5. Daves MarketsJanuary 3, 2011 at 5:01 PM

    Turd

    Many of us owe great thanks to you and Harvey for your work to explain all these things.

    ReplyDelete
  6. AnonymousJanuary 3, 2011 at 5:14 PM

    this video is worth a look.

    http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC86/PR

    apologies if it has been posted on another thread

    ReplyDelete
  7. Aaron KinneyJanuary 3, 2011 at 5:28 PM

    Every time Blythe pulls this crap, I run to my local coin shop and grab all the silver I can. The bitch loses no matter which way she turns.

    ReplyDelete
  8. DocmacJanuary 3, 2011 at 5:43 PM

    What about this?

    Remember- starting in 2012 you'll be 1099ed on all SALES to even the smallest dealer which aggregate over $600. He'll be counting because he's must 1099 his BUYS

    off of ZH

    ReplyDelete
  9. HaraldJanuary 3, 2011 at 6:03 PM

    The 1099 thing was snuck into the Obamacare bill. Just an oversight according to the ex Speaker of the House as of next Wednesday. Repubs say they'll repeal/override it. We'll find out shortly I guess.

    ReplyDelete
  10. RichJanuary 3, 2011 at 6:03 PM

    How about posting a glossary of terms and abbreviations on the right side of your blog? I get confused easily now a days.

    ReplyDelete
  11. AnonymousJanuary 3, 2011 at 6:10 PM

    Rich - check out Turds glossary:
    http://tfmetalsreport.blogspot.com/2010/12/turds-glossary.html

    ReplyDelete
  12. Turd FergusonJanuary 3, 2011 at 6:12 PM

    Thanks, Tripp! I was about to post the same link.

    ReplyDelete
  13. Turd FergusonJanuary 3, 2011 at 6:13 PM

    New record day! Looks like we'll reach 19,000+ pageviews!
    Well beyond my wildest imagination. Thank you all!!!

    ReplyDelete
  14. RuiJanuary 3, 2011 at 6:14 PM

    I think they were setting it up for tomorrow's FOMC meeting. It'd be too embarrassing if gold and silver are flying in the sky while that meeting is going on. On the flip side it might open up a quick scalp opportunity tomorrow.

    Another moment of interest is Friday's non-farm job stats. They might try sth over there as well.

    ReplyDelete
  15. Silver TimerJanuary 3, 2011 at 6:31 PM

    Turd,

    Thanks for all your work and congratulations on the success of this blog.

    A suggestion: I think a valuable reference would be a calender showing FOMC meetings, COMEX option expiry dates and any other events you consider worthy of note.

    and to all you traders watching the tape...make sure you buy physical when you can.

    ReplyDelete
  16. Turd FergusonJanuary 3, 2011 at 6:32 PM

    Good idea, Nic. I'll look into it.

    ReplyDelete
  17. UnknownJanuary 3, 2011 at 6:40 PM

    As always, wonderful work Turd! Thanks so much. I had to pull myself away from the computer screen before I picked it up and threw it down the stairs. Grrr..... I was darting between websites checking other commodities for a drop like we witnessed. But I'm afraid, it was, Silver alone in the woods. Faith has it, we are on the game better than 99% of the public. It's going to be a sweet revenge. See you in Silver heaven late 2011!

    ReplyDelete
  18. Hej och HåJanuary 3, 2011 at 6:47 PM

    Just thought I would let you know Turd that you now have atleast one follower in Sweden! Thank you Turd and keep up the good work!

    ReplyDelete
  19. Turd FergusonJanuary 3, 2011 at 6:47 PM

    wd: ZeroHedge posted this:
    http://www.zerohedge.com/article/correlation-desks-gone-wild-announcement-govt-allow-13-oil-firms-restart-gom-drilling-whacks

    Sounds like JPM piggybacking an algo on top of crude.

    ReplyDelete
  20. neilJanuary 3, 2011 at 7:38 PM

    there is not FOMC Meeting tommorrow..its on Jan 26..

    ReplyDelete
  21. AnonymousJanuary 3, 2011 at 8:30 PM

    No FOMC meeting tomorrow - but the Bernank will be opening his pie hole before Congress tomorrow with more words of wisdom. They need to keep the appearance things are in control.

    ReplyDelete
  22. RoCoachJanuary 3, 2011 at 8:52 PM

    Franklin Sanders has swapped out of silver and into gold, in anticipation of an imminent sudden drop in silver prices - before silver resumes its uptrend.

    ReplyDelete
  23. gpamJanuary 3, 2011 at 9:34 PM

    @RoCoach: don't try to time it. Just keep accumulating silver, every spare dollar counts. If price retreats $5, you'll be accumulating more ounces with each purchase. Eventually, the explosion will happen when the shortage becomes obvious. I'm sure as heck not going to swap out my silver for gold right now. In bullion form, there is 2 billion ounces of gold, and 1 billion ounces of silver.

    ReplyDelete
  24. MattJanuary 3, 2011 at 9:44 PM

    very cool blog, thanks for the commentaries turd! Bow Tie in the UK.

    ReplyDelete
  25. flauntJanuary 3, 2011 at 10:00 PM

    RoCoach and/or Cris:

    I started reading Franklin's blog and I'm a little confused about what he's saying. On the most recent one he's talking about swapping into gold, but on the one just prior he said this:

    The GOLD PRICE burst through the last high at $1,415.90, gobbled up $15.50 and closed Comex at $1,421.10, a new all-time high close. Silver added 42.2c for another new high close since 1980 at 3091c.

    Minimum targets are $1,475 gold and 3400c silver. Maximum targets are $1,600 and 3700c SILVER PRICE (maybe 3900c).

    So my confusion is, why would he be swapping silver for gold if he thinks it's going higher along with gold? 1475/34 is 43 which is lower than the current ratio. Another thing is he says at the bottom that his comments have a "very short time horizon." What does that mean exactly?

    Thanks.

    ReplyDelete
  26. RuiJanuary 3, 2011 at 10:02 PM

    King World News reports rumors of Wolrd's top rich man is interested in buying world's #1 silver mining company - Fresnillo. It'd be great if it goes through.

    ReplyDelete
  27. DukeJanuary 3, 2011 at 10:22 PM

    I like Franklin a lot and have been following his commentary for about a year - I think he has a good handle on both PMs. Having said that, remember that his main revenue source is "dealing" in gold and silver. jd.

    ReplyDelete
  28. RuiJanuary 3, 2011 at 11:01 PM

    Franklin doesn't seem to know the game @ CRIMEX very well so his short term price prediction is a little off. I remember there were days he's confused by the irrational price movement while we could clearly tell it's only b/c EE was rigging it.

    ReplyDelete
  29. JayRJanuary 3, 2011 at 11:11 PM

    Gold to at least $1650-$1750 video from CNBC Asia, with commentary on why and the increased pressure on commodity prices.

    http://www.cnbc.com/id/15840232?video=1718727458&play=1

    ReplyDelete
  30. kliguy38January 3, 2011 at 11:49 PM

    Franklin's comments were confusing to say the least.....just stick with his bottom line...silver target 195...

    ReplyDelete
  31. HeadJanuary 4, 2011 at 8:43 AM

    Hey turd check out Globex prices, same dump today around 830am EST, silver & gold futs.

    ReplyDelete

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