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

but we’re going nowhere unless silver turns around. Unbelievable that every attempted rally is stuffed.

Frustrating.

Eric Holder Is Resigning

http://www.zerohedge.com/news/2014-09-25/eric-holder-resigning

If so ,not so Bad !

Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent.

When it comes to new oil and gas frontiers, today it’s all about Africa. And more specifically, it’s all about the eastern coast, with Kenya the clear darling–not just because it’s outpacing neighboring Uganda by leaps and bounds, but also because despite some political instability hiccups and the threat of militant al-Shabaab, it’s still one of the safest venues in the region.

Six of the last 10 biggest finds have been in Africa, where—all told–there are some 130 billion barrels of crude oil waiting to be tapped by more than 500 companies, according to a recent report by PriceWaterhouseCoopers.

Topping this list are Kenya’s Anza and South Lokichar basins where the discovery and development news has been fast-paced.

more http://www.mining.com/web/all-eyes-on-kenya-the-next-big-oil-exporter/

“Today kinda validates that idea…now we need to see gold actually rise as stocks fall

Sombody’s paying attention – and thank YOU!

and get a good pop in gold back above at least 1230. This could be at a minimum a short term bounce and maybe even better.

The SM has no bids. WTF is happening? Why?

Northern Dynasty’s Pebble Project finally caught a break Wednesday as a federal court judge validated an agreement that the U.S. Environmental Protection Agency said it would stay its Section 404(c) Clean Water Act regulatory process against the Pebble Project until at least January 2, 2015.

An order by U.S. District Judge H. Russel Holland Wednesday noted that EPA’s regional administrator “will not issue any recommendation on its pending, proposed determination regarding the Pebble Mine Project prior to January 2, 2015”.

Judge Holland said his court must resolve the motion for a preliminary injunction filed by the Pebble Limited Partnership challenging EPA’s authority to pre-emptively impose development restrictions on Pebble prior to the submission of a proposed development plan to state and federal agencies. The Partnership has also sued on the ground that EPA has not complied with the Federal Advisory Committee Act and the Administrative Procedure Act in preparing the Bristol Bay Assessment study, upon which the Section 404(c) regulatory process is largely based.

EPA’s attempt to expand its authority under the Clean Water Act by stopping the Pebble Project before the Pebble Partnership even files for permitting has upset more than 180-plus national and state associations and organizations – representing mining, agriculture, construction, housing, manufacturing, utilities, energy production and transportation – to stop the action.

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=254382&sn=Detail

Concur with R640, we need to be strong when the SM craters. BTW, why is the SM cratering?

Today kinda validates that idea…now we need to see gold actually rise as stocks fall

(Reuters) – Russian courts could get the green light to seize foreign assets on Russian territory under a draft law intended as a response to Western sanctions over the Ukraine crisis.

The draft, which was submitted to parliament on Wednesday by a pro-Kremlin deputy, would also allow state compensation for an individual whose property is seized in foreign jurisdictions.

Italian authorities this week seized property worth about 30 million euros ($40 million) belonging to companies controlled by Arkady Rotenberg, an ally of President Vladimir Putin targeted by the U.S. and European Union sanctions.

The draft law, published on a parliamentary database, would allow for compensation for Russian citizens who suffer because of an “unlawful court act” in a foreign jurisdiction and clear the way to foreign state assets in Russia being seized, even if they are subject to international immunity.

Boris Nemtsov, a Kremlin critic who in the late 1990s was a senior member of government, said the bill was an attempt by Putin to shield Russian billionaires and officials from the impact of sanctions.

more http://www.reuters.com/article/2014/09/25/us-russia-sanctions-law-idUSKCN0HK1EO20140925

Meanwhile gold is heading for a major washout bottom. Every day now there’s a story with a headline that says things like “gold is tarnish forever” or “gold can only go lower and lower”. You’ve a better chance to find a needle in a haystack than a chest-beating bull. Even perennial bulls have sought shelter and/or have suffered temporary amnesia. It may need to get uglier for a few more days or weeks, but I believe out of the ashes shall be the bottom that begins the march back ultimately to new, all-time highs before the Presidential Elections.

“The Alibaba stock market top? It would be ironic if that the day the biggest IPO ever opened, it would coincide with the ultimate top in the U.S. stock market.  In the folk tale Alibaba, Ali Baba is a poor woodcutter who discovers the secret of a thieves’ den, entered with the phrase “Open Sesame”. The thieves learn this, and try to kill Ali Baba.

 
“Alibaba the stock was brought public by the world’s biggest den of thieves and the public heard their command to “open sesame” their wallets so that the insiders could take away billions in profits from the sale of their shares in a company whose corporate structure shouldn’t be touched with a ten foot pole.

 
“I saw signs around the opening day of trading I haven’t seen since the height of the Internet craze. I was among many seniors at a luncheon and all many of the men and women could only talk about was their attempt as they spoke to buy shares and how high the stock was going to go. I asked one have they looked how the company is structured and he said he didn’t have to, the stock can’t miss doubling.

~Peter Grandich

more: http://moneytalks.net/peters-content.html

That should help us. I dunno.

The Alibaba SM top appears to be back in force.

Someone is going to make some money when it finally bounces. Never seen an RSI at zero, I guess there’s a first for everything?

We get to see if ment17’s T/A holds up today with the HUI hovering just under the 201 mark. Maybe he’ll be our new T/A guru!?

The open-air “Convertible” club car on the Royal Gorge
Gold Train. The scenery is fantastic… even for the two-fisted
drinker!
http://www.railpictures.net/viewphoto.php?id=495240

Good to see you made it! 🙂

Lake Shore Gold Reports New Zones of High Grade Mineralization, With Strong Potential to Increase Reserves at Bell Creek

http://finance.yahoo.com/news/lake-shore-gold-reports-zones-100000610.html

Rubicon Intersects 136.5 g/t Au Over 4.0 Metres as Infill Drilling at the Phoenix Gold Project Continues to Yield Positive Results

http://finance.yahoo.com/news/rubicon-intersects-136-5-g-100000342.html

Don’t know about you folks but I’m ready for the mother of all comeback rallies today to ease the pain, especially since MadMike didn’t add any pharmaceuticals to the coffee. 🙂

Durable Goods down 18%, jobless claims up. No help.

Someday though

Where the banksters create their own reality.

Farmboy,

Any insinuation that you stole wanka’s US flag was purely in jest. Rest assured that I believe you to be a true American patriot, not like that traitorous fraud you have posing as prez. Just going back to coffee duty. No more shoes. Apologies.

It seems TPTB are trying everything to ruin a great country. I know from personal experience the racket involved (read tax grab) for 85 year old men trying to go south for the winter. Thousands of dollars because Canucks are gullible and don’t have sun.

A wedding party spent thousands for a Vegas nuptial with friends. One of them had a marijuana charge from 40 years ago. Eight of them were punted out the back door of the US territorial “consulate” at Vancouver International Airport, back into Canada!

Yes eeos, yer screwed…too bad but why? No preaching to the choir here please….

http://www.zerohedge.com/news/2014-09-24/canada-warns-its-citizens-not-take-cash-usa

If it is DC, you know the Patriots are in charge. Anywhere else, you’re right, you are screwed.

WWIII moves from the covert to the overt first though. Like oil extraction, no way they piss in your backyard first.

Peace be with you. Whoops, I just threw up all over my keyboard.

Backed up with BG, FB and RNO. Not sure if that is a railroad or a bank but I’d wager PM on it.

edit, kinda erie when the lyric “final solution” pans to the keyboard player, looks like euGenics Simmons. No, euGene didn’t play keyboards you schmucks.