AltInvestments has released an interview with ‘Turd’ from TFMetalsReport.
Turd states he expects The Bernank to disappoint Friday at Jackson Hole, and the Cartel MO of raiding the metals on Bernanke speeches to continue. He states the HUGE RISES in the cartel short positions in gold and silver warrant caution on Friday.
Turd states he doesn’t see a massive banking crisis in September, and believes the cartel will be able to hold things together through the presidential election, but believes the recent jump in the 10-year is killing JPM’s interest rate CDS swaps, and that there is no question that QE to INFINITY is coming as the Fed is out of bullets to keep the long end of the curve down.
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I was thinking the exact same thing yesterday. Look at equities, no need for benny to act; and we all know what metals they like to pound the hardest.
I think we will get a good read on where the Cartel is at on Friday during Bernanke’s speech. If they raid PM’s as is their historic play, we’ll know they are alive and kicking. But if PM’s take off as they have of late, we’ll know that the Cartel is on the critical list. Should be interesting.
PM’s and stocks are both, for the time being, inversely linked with the value of the Dollar. In the short term, continued deterioration of the European Debt situation can only be good for the Dollar, and bad for the Euro, PM’s and stocks.
Having said that, I do believe that the pressure in the Global Derivatives scheme is now reaching a fever pitch. Something has got to give, and very soon. It is only a matter of time before our two greatest rivals, China and Russia, do something big to upset the apple cart, and bring about the next phase of this gold and silver bull market.
The trigger event I am thinking of could be China dumping all of their Treasury debt, or even launching a new, gold-backed currency. Either way, the Day of the Dollar is surely drawing to a rapid close. I’m confident that the ‘market makers’- JPMorgan, Goldman Sachs- know this very well. They could easily engineer a final raid on the metals markets, over a period as little as a week or two, in an attempt to unload their short positions. If they are smart (and I believe that they are), they will immediately funnel the profits into gobbling up whatever physical they can get their hands on.
Last year saw gold hitting a record high on Sept. 6, 2011, in a day that proved a dramatic reversal in the precious metals market. Over the past 12 months, PM investors have suffered through countless false rallies, only to see their hopes dashed time and time again. My guess is that the market makers have shaken out as many weak hands as their derivatives positions will allow them, and that September will again prove a pivotal month in the PM market.
superiorbullion.com
Suppose the TBTFs buy up the remaining physical, would that mean the vendors that many of us use to get our bars and coins would struggle to stay open? The answer to this next question depends on how we intend to utilise our silver but, if they close, how would we then get the prevailing spot price should we want to convert some if it back to fiat? I ask this second question as, first, I frequently get asked how convertible physical silver is and, second, it may be difficult to find any other type of vendor that would buy back silver for a figure that would be close to spot.
So you mean “Turd’s” friends need to cover on Friday?
Seriously lets get this guys real name. Turd? Really?
People make your own minds up. Things are not as they seem.
Turd’s heart is in the right place but I’m a little surprised by his interview here. On his site he has been saying for a couple of months that this will be a hot, explosive summer for metals and we would see historic rises this summer. Yet here, he says “when an event is advertised with an actual date that that’s usually somehow a fakeout that something happens”. Later he says “I don’t sense yet though that events are spinning out of control to that extent”. On his site he talks about having inside knowledge which he can’t devulge that supports his claim of a hot, explosive summer. Yet one of his quotes here is “saying it might happen in Sep is tough”. It’s hard to figure out where Turd is coming from.
That’s what I’ve been suspecting too. The bankers WANT a changeover of Party to foist new strategies of encouragement for The People to borrow their interest (rents) into circulation and inflate the currency. With a ‘conservative’ patina painted over Washington City, they calculate that a ‘risk on’ mentality will take hold and then government won’t be forced to create that interest-currency on its own account, but ‘in response’ to ‘private sector demand’.
To Clintz: I actually did lol at your post.
I Have been thinking about that interview where the billionaires don’t want to buy up the metal in the Crimex because that could cause the financial meltdown and they would go down in history as the one who caused it. Instead of one massive buy in Ag or Ag futures, why not buy 5 to 10 thousand ounces every week or so but, buy it from every dealer on the planet! lol! Imagine The Perth Mint, Apmex, Gainesville Coins, Gold Money, The Doctors, T.F. Metals, Miles Franklin…. you get the idea, all selling medium size orders to the millionaires/billionaires and delivering phyzz to their vaults! Would that blow up the market or cause a stampede? Just a thought. How would that effect the price?
One way or another the %$^#^%$ will convince the public that the cure for their next created crisis is to print another 10 quadtrillion new dollars to “crank” I mean; to stimulate our stagnant economy. Of course the new quadtrillion NEVER ends up helping the public. It just provides more paper to buy millions of oz. gold at $.96/oz for the useless unseen individuals who control and profit from an economy that is on the verge of default.
I think Pat is right, the elites have already selected Romney so they can start a new environment of confusion so the gullible public will once again buy into their new answers to their new created emergency solution to their newly created debacle. And the BS continues….,
And so it goes … on and on, Corruption runs deep with Politicians and Powerbrokers both wedded to diverting the masses and keeping their pockets lined,
It really doesnt matter who they prop up in front of your TV – the end is, was, and always will be the same!
BS is an understatement!
I wonder what will happen when Morgan Stanley fails, as is rumored. B of A is shaky too. Either of these banks would present a major blow to the best laid plans of the Fed. When Greece completely fails and the CDS and bonds become worthless, this also throws the monkey wrench into the mix. Ben B can’t control everything and the cartel will be more than somewhat concerned if either of these events occur within the next two months. Oil and food inflation ripping into the market and China’s hard landing are making life difficult for every economy in the world. That usually forces the central banks of every economy affect by this world wide global slowdown to print print print in the hopes that they can devalue their currency more quickly that the other guy and keep their export channels alive. I think that is why China is printing. As China’s $1 trillion stimulus program rotates into their market (equivalent of $3 trillion in our GDP) the Fed may find its no QE3 pledge hand called by worldwide events way beyond their control. The next two months will be interesting. China is really the center of all of this. It’s economic engine is sputtering with exports down, growth at an inflation adjusted rate of zero and all but one economic indicator in the red
Too bad its illegal to FOREX trade silver and Gold now. I would be a multi millionare due to trailing stops and learning the whole concept of everyone in the community knowing when the raids happen and able to predict them.
I think eventually these raids will change day or time, cause you can still use this to your advantage for more than just phyzz stacking (Which I Totally do even ordered 100oz here from SD to support them and all of us)
-Dick
Bernanke will appear on Friday? Then in this case, the game “Punt The Bernanke” will appear again! If silver does get raid, then I’ll be really happy with low silver price.