OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Either Europe is run by a bunch of unelected idiots, or… well, that’s about it.

After blindly doing the US’ bidding over all propaganda matters Ukraine-related, and following just as blindly into round after round of US-inspired sanctions, sanctions to whose retaliation Europe would be on the frontline unlike the largely insulated US, Europe appears to be absolutely shocked and is apoplectic that after several rounds of sanction escalations, Russia finally unleashed its own round of sanctions and yesterday announced a 1 year ban on all European food imports, something which will further push Europe into a triple-dip recession as already hinted by Italy yesterday.

In fact, Europe is so stunned by this unexpected “politically-motivated” retaliation by Russia, it issued a press release.

http://www.zerohedge.com/news/2014-08-07/europe-furious-putin-dares-retaliate-sanctions-blames-economic-slide-kremlin

Images of the past alone are worth the price of admission.

thought for the day: The Bush Era has not yet ended.

MOSCOW (AP) — Russia on Thursday banned most food imports from the West in retaliation for sanctions over Ukraine — a sweeping move that will cost Western farmers billions of dollars but could also lead to empty shelves in Russian cities.

The decision shows that President Vladimir Putin has no intention of bowing to Western pressure over Ukraine and will instead try to strike back at the West. It also demonstrated that the Kremlin is ready to inflict damage on Russia while pursuing its course in Ukraine.

The U.S. and the EU have accused Russia, which annexed Ukraine’s Crimean Peninsula in March, of fomenting tensions in eastern Ukraine by supplying arms and expertise to a pro-Moscow insurgency, and have imposed asset freezes and loan bans on a score of individuals and companies.

Prime Minister Dmitry Medvedev said at a televised Cabinet meeting that Russia’s retaliatory ban covers all imports of meat, fish, milk and milk products and fruit and vegetables from the United States, the European Union, Australia, Canada and Norway. It will last for one year.

more http://finance.yahoo.com/news/russia-bans-western-food-over-093732689.html

Royal Gold Reports Revenue of $237 Million for Fiscal 2014 Including Growing Contribution from Mt. Milligan

http://finance.yahoo.com/news/royal-gold-reports-revenue-237-020400013.html

SEMAFO Releases Second Quarter 2014 Results

http://finance.yahoo.com/news/semafo-releases-second-quarter-2014-120000103.html

Check out the Aussie$. It failed at the 95.50 area and dropped. Ya gotta always expect the unexpected with a stop.

rno

These politicians are idiots. Even if they did open the borders they never stopped to reevaluate that which the should of done a long time ago and if it was for work why did they allow them to come here to get welfare and even if they had a green card they could still get welfare. They could literally walk across the boarder pick up their free money and walk back across the border. They knew this was going on and did nothing to stop it.  There was no welfare for the true immigrants only the strong survived and even some of those didn’t. That would be like irrigating a field and walking away leaving it on until all the crops were destroyed. Or putting up a IV and leaving it on to drip continuously whether you needed it anymore and causing fluid overload. All the time in office none if them looked or reevaluated the current laws or seen them as out of date and currently unconstitutional. They are just inept. Their just plain dangerous inept.

i remember when my daughter was four I got a letter from the IRS that my daughter was earning income from a job that I did not report and it was a illegal using her social security card. I though well good someone’s putting money on her social security lol but then they sent me another letter saying never mind when they found out how old she was.

Ps the problem with each country producing it’s own things well many like resources and corruption and some gangs.although with a better economy and people having more choices many admitted they would leave gangs if they had another choice.

And because of your $hitstain in the $hitehouse, I have to take massive amounts of O.

C I O

better known as taxpayer

The Champs were a Gene Autry production..

http://youtu.be/Z3y9k2A2VZM

See how they get away with it once the dominoes fall…

It wuz that dude Don Juan that always tipped my canoe…

That was a good read by Fred. Thanks for posting!

…this weekend!   My old friends out in Hawaii are getting the  “Hurricane Double-Whammy”….   Iselle and Julio.   Nuthin’ but soggy buns there!

…from the bunker in the hinterlands,

high & dry Maya.

http://www.fredoneverything.net/Unstable.shtml

this week’s column from fred.  one of his best.

The way things are going between Russia and Ukraine (US), I’d be watching out for an invasion…

The land of Putainne and Freedom Fries…

Sorry, that’s the best I got tonight. Howaboot a great summer song…

US overreach

Aussie $ needs a close above 93.50 and hold it for a good rally. Pound looks like it may fall.

rno

What I meant was the USA had SOOOO much work to do, we needed the millions of immigrants. But not THESE days of course. PS most immigration was banned in the USA FROM 1934 until 1964. After many good years ’34 to ’64 I guess the global PTB decided it was time to make us share the good life.

I agree, well said. Its all in reverse, because the 100 year past objectives was a mistake, that TPTB kept trying to maintain. Like a car with 250,000 miles and a lot of problems needing repair.

Food for thought, briefly, re your…
“Lots more dollars competing for a fixed supply of goods = hyperinflation.”

Comment: They say after every inflation comes a deflation. The “inflation” started in 1913 and ended at the 1929 peak into 10 years of deflation. The next “inflation” started in 1934 after banning Gold ownership.

The 1934 “inflation” STARTED to end in 1971, forcing the Fed to stop redeeming dollars for Gold at $35 when black market price was $240. The Fed Head buffoon Paul Adolf Volker raised rates from 6 to 21% (’71-81) to create demand for dollars to deposit in 18% CDs. (bury, deep storage)

From ’71 to ’81, the 21% rates SUCKED many dollars out of the system. From 1981 to 2001 (120 dollar index) most commodities were in deflation. 2001 to 2011 re-inflation of commodities.

Why are rates REALLY so low these days??? Too much easy money creation for 100 years has resulted in billions or trillions of dollars of excess un-needed un-spent money in savings accounts, and not enough demand to borrow any.

Too many dollars chasing a borrower, kills rates. Too many dollars competing for a fixed supply of goods is no longer applicable. Mass production by robots at night with no lights on for example.

Add when the masses are just getting by and don’t spend so much. Money needs a host. It can’t spend itself by itself. Like a gun can’t shoot anyone either. It needs a host.

I think for the dollar to crash would require something psychological that creates a massive dumping of dollars like a stock with a bad earnings report.

My opinion only …dyodd

I’d rather be in the $HUI than the DOW ($INDU)

shortened link
http://tinyurl.com/lm4tmrd
(link below gets chopped off when posted to the Oasis)

http://stockcharts.com/freecharts/gallery.html?$HUI:$INDU

That’ll put some sand in the gears of commerce. Just what we need … something more to slam the economies. If our government was a person they’d probably be locked away in the looney bin.

Comex Gold Open Interest Hits 5-Year Low; Some See This As Sign Market Could Be Bottoming

Washington (Aug 6) The number of open positions in U.S. gold futures fell to a five-year low in recent weeks as the metal meandered in a sideways trading range.

Some analysts see this as potentially supportive since it might be signaling a bottom in prices and therefore a reversal higher, while others say don’t read too much into it since speculators also could establish short positions whenever they jump back into the market.

Data on the CME Group website show open interest in gold futures on the first day of August fell to 358,996 contracts. A CME Group spokesman said this was the lowest level since February 2009.

By contrast, open interest was 427,744 on March 17 when the currently most-active December futures contract hit its high for the year of $1,390.80 an ounce. Open interest was still as high as 416,799 on July 10, when gold hit a nearly four-month high of $1,347.50.

Open interest then fell back by 13.5% through Aug. 1, although it bounced slightly during the early part of this week. Open interest is the number of open positions at the end of a session.

A run-up in gold prices occurred in July largely on speculative-type buying during geopolitical tensions such as those surrounding Ukraine, said Kevin Grady, president of Phoenix Futures and Options LLC.

“Once the market started selling off, that’s when open interest took a hit,” he said. “A lot of the short-term longs, which we call the weaker longs, just liquidated those positions. They got out. When we broke $1,292.60, which was a very good support level for gold, we saw a tremendous amount of liquidation.”

Phil Flynn, senior market analyst with Price Futures Group, suggested the range-bound nature of the gold market lately also may be deterring some participation. “Both the bulls and bears have been frustrated with the market,” he said. Additionally, he suggested big banks might be scaling back positions under pressure from regulators.

Jim Wyckoff, analyst with Kitco, said open interest has fallen in a number of commodities that have been in a downtrend, citing grains and softs markets, excluding cocoa. In particular, he pointed to the downdraft in commodity bellwether crude oil since earlier this summer.

“There’s a lack of speculative participation in the raw commodities sector right now that you haven’t seen in some time. That’s because most of them are in bear markets,” he said. “The speculative or retail public likes to be bullish and go long markets. When they see prices in a downtrend, they tend to stay away from them.”

Additionally, money was flowing into record-setting stocks before a pullback since the end of July. The strength in equities was taking away money that otherwise might have gone into commodities, said Wyckoff and George Gero, precious-metals strategist with RBC Capital Markets Global Futures.

“Open interest was low because the stock market performance siphoned a lot of gold money out of the futures,” Gero said. “So we had year-low open interest of (around) 358,000….It shows you the funds have been under-invested in gold.”

Source: FORBES

http://www.silver-phoenix500.com/comex-gold-open-interest-hits-5-year-low-some-see-sign-market-could-be-bottoming

I like to hear what Louise has to say. Maybe she’s not so profound today but I still like to know where she stands.

ipso