Turd's Mailbag

As we wrap up another day, I thought it might be fun to give you a sampling of some the emails I've received lately. There are some that I honestly couldn't answer as they required knowledge that was outside of my area of "expertise". As you read through them, if you see something you'd like to address, please place a comment in the section below.

Hi Turd,

Please allow me to add my voice to the growing chorus of devoted readers to your blog.  You provide a most useful service that is beyond my limited intellect to describe.  I sincerely thank you for it.

The link below is to a blog that I receive Tuesday through Saturday as a subscriber to a Casey Research publication.  I am almost certain that it is available to non-CR subscribers as well.  You may already be familiar with it.  It is Ed Steer's Gold & Silver Daily .  Ed lives in Vancouver and speaks with Ted Butler frequently.  Ed's e-mail address is edsteer48@shaw.ca .  He is a real gentleman and is quite informed about his subject.

Thank you, again, for all your efforts.  I will make another contribution to your cause soon.


Best regards,

Phil

Turd:

Thanks for the great work.  Years ago I read a study by the Chicago School of Business (I think the article was in Stocks and Commodities or something like this).  I trade this signal a lot...only buy if above 28 dma...sell if below...turns out gives a very high return

Basically you trade for the 28 day SMA....a lot of analysis showed this was viable...could expand if you want in any case look at the HUI

See the HUI dropped below the 28 SMA until it found a bottom...now it is trading sideways...and slowly up...translating this, gold/silver will trade sideways for perhaps 2-5 more days...then the HUI will attempt to break through the 28 dma (usually on a strong up day)...this is the buy signal...the sell was when we went through the 28 SMA....

see a longer time frame chart (1 year)  when the HUI breaks back through the 28 sma...we are off to the races again  ...very reliable signal...the time to buy is now as we are moving sideways and up  John

Turd,

Following is the message I tried to get across to this Wynter Benton character on Yahoo, but for some strange reason the msg is not appearing. I'm sending it to you ... If you find anything of value in my opinions, please let others on your blog know too.

Contradictory statements ... you're making contradictory statements, Wynter.

Lets put this in perspective.

1] You were earlier saying that the financing for your mass purchases of silver contracts will be available only in the first week of Feb; and that the launch date of the silver rocket is Feb 8. Now you're saying that the silver price did not dip further yesterday because your group is buying already, and Blythe knows you're buying and that you're gonna stand for delivery, so she can't risk overkill -- is that right?

2] If Blythe is aware of your buying, she also knows that your group is not interested in taking delivery, but willing to settle for cash premium. In that case, she would, in fact, go for overkill to really scare the paper longs into relinquishing their positions at much lower prices. JPM and other trapped shorts could then liquidate their positions & minimize their losses. Considering the amounts of free cash JPM has at its disposal, why would Blythe give a damn whether your group is buying at this stage or not.

3] More importantly, what is your purpose in broadcasting your plan on the internet? You could simply buy at dips that are coming your way so easily and frequently, take your premium & pop a champagne. Why alert everyone, including Blythe, and unnecessarily increase your cost of acquisition ? Why relay to Blythe that if silver is anything below $ 40, you can corner COMEX yourselves [your words, not mine]

I'm a PM investor myself, have been accumulating for years, and I'm totally fed-up with these perverse, psychotic, greedy manipulators.

If what you are posting here is the genuine thing, I can't wait to watch these manipulators throw fits [one can already see their desperation in these daily takedowns].... on the other hand, if this is all a sham, well, then you're even worse than them. Amen. V

Hello,

I am one of the many who have turned to gold and silver as an investment and continue to do so.  I have financial background but I am just out of school and I don't have the experience that you clearly have.  I understand the macroeconomic reasons for investing in hard assets like precious metals and have been doing this successfully for several years now. 

However, reading your blog leaves me realizing that there is so damn much that I just don't know.  I don't mean the technical factors involved.  I mean the practical reality of things...the manipulation in the market that keeps trying to over-run the fundamentals.  I know that JPMorgan/HSBC are behind the manipulation, and I know they are doing this through short-selling, but I want to know the real mechanics of how this is happening.  I somehow doubt WSJ or CNBC will be doing any exposes on this soon.

Where can I find out more about exactly how these markets are manipulated.  I feel like most of my resources will simply describe the manipulation as a given and not really explain it...you refer to it as Blythe and the monkeys beating down the price, but exactly how.  I'm not asking you to take your time to go into Manipulation 101, but if there are good sources with this specific kind of information out there, I would really like to read them.  I don't doubt the existence of manipulation for one second, but I like to know exactly how things work.

Thanks for the work,

Jeff

Hi TF...

I just posted this at Zero Hedge. I thought you might be interested to know that Northwest Territorial Mint is among the companies short of silver...

Dr. S.
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I just returned from NW Territorial Mint in metro Seattle on a little silver gathering mission.

NWT Mint buys, sells, melts and mints silver under their own name and for Pan American and others.

They told me they are almost out of silver. At one of the biggest private mints in the U.S?

Fortunately, the spot silver prices were DOWN so I could buy more silver than expected.

So we have a serious disconnect here. Shortage of real silver and, if price is any judge, an apparent excess of paper silver.

My advice to anybody thinking of buying on THIS DIP: get the order moving NOW!! This was my personal confirmation of those stories from around the world that dealers are short of silver. Even my favorite mint is short of silver.

Hang on, the ride is getting exciting right up ahead where we roll into the loop-de-loop segment.

Hello, TF.

Just thought I would pass along this video I found of Webster Tarpley (he writes for Infowars.com), talking on Reality TV.  The interview is well worth the time in my opinion, as he talks about how this is a move to have Egypt rely on the UN more for financial dependency (they aren't connected enough).  He gives some interesting theories about oil prices and describes the puppet the mainstream is trying to put in place (elduribi).

Thought I would send it to you, as it has a lot of good economic information tied with political nonsense with a fresh perspective.

http://www.youtube.com/watch?v=1USdMUWbIdo

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Keep up the good work, I appreciate what you do.

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Scott J

Don't ever let the shitbirds get you down, Turd.  You are the best thing to happen to the Truth since ZH.  You explain things in a way that newbs and novices understand; I have a couple of friends who are reading you, because ZH is too much, Harvey is more about contracts, etc...  YOU ARE REACHING EVERYDAY PEOPLE AND HELPING THEM GET IT!!   Don't underestimate the significance of what you're accomplishing here.

Nobody expects you to have a crystal ball.  You have been right more than anybody I've found, and goddamn close when you aren't.  You also don't make excuses or try to spin shit when you miss.  Keep it up, Buddy.  I will re-up again in three months.  It is the very least I can do.

JB

TF, I have been doing some research into copper looking to buy physical. I do have Au and AG but like the look of copper bars and at today's prices would make great presents. My question regards the incredible disparity between physical and paper prices. As an example, a 1 kilo bar of copper runs about $25. OTH 2Lbs of paper copper is about $9. What gives? What is the real price of copper? And is this not a preview of future Au/Ag price disconnect? Rey

Turd,

I'm fairly sure that you are familiar the the short and long term Gold oscillator published by Chuck Krew, so I wanted to ask what you think about the validity of the upcoming strong buy signal that the study is showing at the moment.

Chuck

Just great stuff, all of it. Please keep it coming.

Everything is pretty quiet tonight. 

Both Harvey and sgs report that the silver comex vaults are smokin so things continue to get more interesting by the day. Keep the faith. Tomorrow should bring a mini-beatdown ahead of this month's BLS BS report. The EE almost always attacks on the Thursday before. The actual number on Friday promises to "disappoint" once again so don't be afraid to btfd. Turd out.