tag:blogger.com,1999:blog-3034901630224544639.post6674930290424290523..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: Black Friday ShenanigansTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-3034901630224544639.post-85593538092563836272011-12-29T10:07:27.208-05:002011-12-29T10:07:27.208-05:00Firstly, its best value silver coin is the one oun...Firstly, its best value silver coin is the one ounce britannia, at nearly 100% over spot price at £30.<br /><br />Secondly, the current design, <a href="https://www.islandinkjet.com" rel="nofollow">toner cartridges</a> must be the ugliest and most puke worthy item that they have ever sold.<br />Don't believe me?<br /><a href="https://www.islandinkjet.com/Buy/Toner/HP/Q2612A-12A/9fa7f1ed-d4b5-4941-b775-f7a99c83a56a/" rel="nofollow">12a</a> <br />In a twisted sort of way, it takes great talent to produce something so ugly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-81995984334406895312010-11-28T08:58:44.788-05:002010-11-28T08:58:44.788-05:00Hi Turd,Goldenballs of Z/H alias Bob.A lot of shit...Hi Turd,Goldenballs of Z/H alias Bob.A lot of shit around at the moment so I need a big hat,where did you get yours ? <br /><br />Whats the score here Turd.Far as I am concerned this will be paper manipulation in some form.The amount of physical out there is either not for sale,already sold or too valuable to be sold,with paper at 100/1 against physical it seems the market is being taken down,to save the banks from catastrophic losses or imminent very bad news (say Spain and Portugal and maybe Italy) and therefore when Gold and Silver shoots next week it is harder to reach recent record prices.One thing is certain a great dip to buy more physical in.cbottlebobhttps://www.blogger.com/profile/00083472530750601310noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-85496350163555833562010-11-27T23:47:54.452-05:002010-11-27T23:47:54.452-05:00"Secondly, the current design, must be the ug..."Secondly, the current design, must be the ugliest and most puke worthy item that they have ever sold."<br /><br />Yes, the Queen is quite ugly and puke worthy...oh, wait, you meant the reverse? <br /><br />All kidding aside, I wish somebody would tell those pesky e-bay bidders to stop pushing the price of pandas up so much. I can't even find one for less than $38 nowadays.Bubbles, bubbles everywhere!https://www.blogger.com/profile/02565532253083323893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-44404946185389703562010-11-27T21:52:26.322-05:002010-11-27T21:52:26.322-05:00I like the handwritten notes. Yes, digital chart ...I like the handwritten notes. Yes, digital chart drawing exists, but I agree, the ruler lines and print outs give the blog a humanity that makes me smile. I watched the SNL skit to remind me of the name TF. I recently read that a weak mind can't see substance when presentation distracts them. I can't quite tell my wife that I read "Turd", but the content is truly wonderful. I hope the name and the presentation keep the weak minds away. Cheers, and thanks for the blog!legerdehttps://www.blogger.com/profile/12211221117345361271noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-79975290602985398732010-11-27T21:45:59.271-05:002010-11-27T21:45:59.271-05:00and on a point of humour, the Royal Mint in Britai...and on a point of humour, the Royal Mint in Britain seems to be doing everything that it can to deter silver sales. <br /><br />Firstly, its best value silver coin is the one ounce britannia, at nearly 100% over spot price at £30.<br /><br />Secondly, the current design, must be the ugliest and most puke worthy item that they have ever sold. <br />Don't believe me?<br />http://www.royalmint.com/store/BritishSilver/BR11AGN.aspx<br /><br />In a twisted sort of way, it takes great talent to produce something so ugly.Byzantiumhttps://www.blogger.com/profile/03988230488277382551noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-9598537269253378812010-11-27T21:35:56.926-05:002010-11-27T21:35:56.926-05:00For the record, I am a die-hard goldbug, so please...For the record, I am a die-hard goldbug, so please take this comment in the right spirit.<br /><br />But if prices will suddenly take a hike, I don't think POMO will have much to do with it. None of POMO is heading for PMs.<br /><br />I remember earlier this year, there was a surge of ostensibly impressive and bullish info that ultimately had very little effect on PM prices, other than to put a floor under the new prices. The info included:<br />- Andrew Maguire's testimony<br />- the near collapse of the Euro, which led to feverish Retail buying<br />- Central Banks becoming net buyers again (a seismic event)<br />- the mysterious BIS entry of 348 tonnes, implying the bailout of a bullion bank or of the LBMA<br />- the already obvious presence of China, Russia, India and others, in the buying arena.<br /><br />None of this seemed to carry its implied punch in the market; collectively, they ought to have warranted a gold price of $2000 or more. I share Jim Sinclair's frustrations. <br /><br />If we get the next move up before the new year, as hoped for and expected, it will likely have more to do with silver's surge forward, on the back of physical shortages that are finally likely to be laid bare. POMO is just background noise, because it is not more newsworthy than all that earlier stuff.<br /><br />It is said that at current prices, Bill Gates could buy the entire silver market; well, a buyer or buyers of such size, if they have finally appeared, seem to be intent to do that. This is likely to propel silver to double or triple in price. If this likelihood materialises, then this may or may not, finally be news that gives the sluggish gold price a kick up the backside. Nothing else is going to do it in the immediate future.Byzantiumhttps://www.blogger.com/profile/03988230488277382551noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-22143443195087600582010-11-27T19:00:08.919-05:002010-11-27T19:00:08.919-05:00Steven,nice to read your view.
But..POMO means ex...Steven,nice to read your view.<br />But..POMO means explosive upside for Gold and Silver or QElight and especially the promise of QEII was responsible to this explosive growth?If fed pomo dollars are used to uplift the pm prices..it looks to me like the EE is using its own fiat to selfhurt.georgehttps://www.blogger.com/profile/15777289055736319219noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-21814623148097637272010-11-27T17:00:21.492-05:002010-11-27T17:00:21.492-05:00His hand written notes are awesome. keep up the g...His hand written notes are awesome. keep up the good work Turd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-45717308194487648882010-11-27T11:28:33.649-05:002010-11-27T11:28:33.649-05:00Head: If you are referring to Turd's hand writ...Head: If you are referring to Turd's hand written notes, I have to tell you that they are probably one of the best features of this site...they bring much needed humanity to our digital existence.ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-54458016001968111632010-11-27T11:23:42.894-05:002010-11-27T11:23:42.894-05:00Why do you write shit by hand?Why do you write shit by hand?Headhttps://www.blogger.com/profile/00981674207707916537noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-18740069313711756352010-11-27T04:39:53.404-05:002010-11-27T04:39:53.404-05:00Overall POMO means explosive upside for gold and s...Overall POMO means explosive upside for gold and silver though.<br /><br />http://ftalphaville.ft.com/blog/2010/10/15/371841/the-pomo-effect-charted/Stevenhttps://www.blogger.com/profile/16154264076438584255noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-85523642085239452842010-11-27T04:28:55.857-05:002010-11-27T04:28:55.857-05:00"george said: On another note is it rational ..."george said: On another note is it rational to suspect that POMO dollars are used by the EE to supress pm prices? "<br /><br />My take on it is yes it gives JPM more ammunition for take downs however a lot of the other banks getting POMO dollars will flood into stocks and commodities with their new found wealth. <br />They will probably also pile into the short side when JPM gives the signal ... sort of part time monkeys you could say.Stevenhttps://www.blogger.com/profile/16154264076438584255noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-69536042882759079192010-11-27T03:24:15.268-05:002010-11-27T03:24:15.268-05:00@1meal,
wich reminds me of how concretically we we...@1meal,<br />wich reminds me of how concretically we westeners ( at least our ladies) will be assdrilled, and at the time, I guess, it will be for real goods instead of paper.Luigihttps://www.blogger.com/profile/02169763684145781546noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-37085982409569186602010-11-26T23:16:49.822-05:002010-11-26T23:16:49.822-05:00If/when china pegs the yuan to gold it allows many...If/when china pegs the yuan to gold it allows many chinese to grow rich with spending power. That will trigger growht and employment for chinese. Its either that or war. I am looking from chinas point of view.Too many single men, too few jobs brews trouble .1mealperdayhttps://www.blogger.com/profile/13599282631915069169noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-70310102604402436492010-11-26T23:04:59.739-05:002010-11-26T23:04:59.739-05:00http://www.zerohedge.com/article/surge-after-hours...http://www.zerohedge.com/article/surge-after-hours-selling-takes-gold-volatility-index-all-time-low<br /><br />Very interesting after hours actions...ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49954852558235224402010-11-26T16:31:12.105-05:002010-11-26T16:31:12.105-05:00Bullion banks are clearly painting a HS-pattern on...Bullion banks are clearly painting a HS-pattern on the gold chart for the uninformed tech fund, hoping to trigger some sell-offs. Looks like this trick is starting to get old and less effective day by day.Ruihttps://www.blogger.com/profile/01381363570926076708noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-23908827037263243012010-11-26T16:15:20.292-05:002010-11-26T16:15:20.292-05:00It appears that China behaves like many zerohedger...It appears that China behaves like many zerohedgers or pm holders in general,who welcome and hope for a temporary precious metals take down,hoping to buy or load up on the dip.The difference is China is actively promoting the take down,she is not content with just hoping.<br />On another note is it rational to suspect that POMO dollars are used by the EE to supress pm prices?georgehttps://www.blogger.com/profile/15777289055736319219noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-7249108342321846392010-11-26T15:52:31.365-05:002010-11-26T15:52:31.365-05:00Re 2pm update: China?? :)
They are clearly orc...Re 2pm update: China?? :) <br /><br />They are clearly orchestrating some kind of price dropping scheme. Check out this news release titled "PBOC Researcher Calls on U.S. to Sell Gold Reserves, People's Daily Says."<br /><br />http://www.bloomberg.com/news/2010-11-25/pboc-researcher-calls-on-u-s-to-sell-gold-reserves-people-s-daily-says.htmlflaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49253834968969317002010-11-26T13:53:52.319-05:002010-11-26T13:53:52.319-05:00I just received this email from General Jim. If yo...I just received this email from General Jim. If you're not on his distribution list, you should be.<br /><br />Dear Comrades In Golden Arms,<br /> <br />What you are witness to is adults acting like children.<br /> <br />A currency war solves absolutely nothing whatsoever.<br />A currency war puts extreme strains on exports.<br />A currency war never establishes a currency's value versus its trading partners than can be maintained for any meaningful period of time.<br />A currency war creates currency levels that have nothing to do with reality economically and are unsustainable.<br />A currency war is endemic to QE in the entire Western world.<br />A currency war is destructive to all.<br />A currency war may cause gold to sell off like today in one currency, but it also causes gold to rise in others.<br />A currency war in time elects gold as the only viable currency.<br />A currency war is exactly what will give you levels of the gold price forecasted by Armstrong and Alf that are well above what we have looked at for over 8 years.<br />A currency war is what Merkel declared in her negative speech a few days ago concerning the euro.<br />A currency was is what the children running our monetary affairs have entered into.<br />A currency war is akin to children on the playground playing Keep Away.<br />A currency war's game of Keep Away is to keep away prosperity.<br /> <br />1. Shut down your quote machine.<br />2. Take a brisk walk.<br />3. Drink some cold water or whatever.<br />4. Review my illustration below and Monty Guild's recent comments.<br /> <br />Respectfully yours,<br />Jim<br /><br /> <br /><br /> <br />It is absurd to believe that the U.S. dollar will be a safe haven over the intermediate term<br /> <br />An even more absurd belief is the one that puts U.S. dollar and U.S. debt as a safe haven. There is not any convincing economic evidence that the U.S. dollar is well managed, and there is no reason to believe that the dollar will rise in value. In fact, it is the U.S. governments' intention to devalue the dollar and to print money to avoid a deflation in the U.S. Why do some global commentators see the dollar as a safe haven? In our opinion, the only safe haven is precious metals, energy, food and other assets which will hedge against the inevitable inflation that the above policies create.<br /> <br />We wish everyone an enjoyable holiday.<br /> <br />Sincerely,<br /> <br />Guild Investment ManagementTurd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-15697187988296526712010-11-26T13:51:21.293-05:002010-11-26T13:51:21.293-05:00Flaunt: You could say the $32B of two weeks ago he...Flaunt: You could say the $32B of two weeks ago helped stop the correction at 1330 and, from there, gold rallied $50.<br />The huge POMO next week combined with the serious, serious delivery issues of the silver Comex should make for a very interesting week.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-76392738373780093862010-11-26T13:45:38.304-05:002010-11-26T13:45:38.304-05:00Looks like the Chinese know how to play the market...Looks like the Chinese know how to play the markets very well for being communists. I wonder what else they know how to do. Looks like Blythe and her flying monkeys ser going to get their fat Christmas bonus after all. I have a feeling we are going to see the Dow up next week Turd, considering the news from Europe, POMO and the spin on Holiday sales.Bubbles, bubbles everywhere!https://www.blogger.com/profile/02565532253083323893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-25706898761421796202010-11-26T13:39:57.633-05:002010-11-26T13:39:57.633-05:00So what is their exit strategy, to allow the yuan ...So what is their exit strategy, to allow the yuan to appreciate? Gold and silver can be stockpiled and not consumed but everything else has a shelf life and/or has to be replaced. It seems to me that they can get some temporary benefit now but they may be setting themselves up for serious supply problems in the future. If demand isn't shrinking along with price, then price drops result in pulling additional future production off the market. Silver is a perfect example of that.<br /><br />Turd, I read that post again and I'm wondering what makes next week's $33B in POMO special vs. POMO a few weeks ago of $31B. Why will next week's make more of an impact?flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-68192047042896240052010-11-26T13:21:14.602-05:002010-11-26T13:21:14.602-05:00I was expecting an EE attack given the exceptional...I was expecting an EE attack given the exceptionally low volume on a day like today and because it would paint the right shoulder and help trick a few TA fools but not the Chinese margin hike. Although it makes sense on their part. They were just trying to maximize the impact and create the best opportunity for themselves that they could. I would say the fact that so much manipulation on a day like today only merits ~1% drop in gold and ~3% in silver is rather comforting.Barthttps://www.blogger.com/profile/16783374459344470677noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-88163414571084677952010-11-26T13:17:56.547-05:002010-11-26T13:17:56.547-05:00This comment has been removed by the author.flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10490767842899195562010-11-26T12:54:59.176-05:002010-11-26T12:54:59.176-05:00I'd like to ask readers to go back and re-visi...I'd like to ask readers to go back and re-visit this, too.<br /><br />http://tfmetalsreport.blogspot.com/2010/11/all-that-glitters.htmlTurd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.com