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

I gotta think jnug’s rsi must be at or below 30-so somewhere in here jnug must be decent risk/reward—so, if not today-them one more bop down tomorrow and SOME kind of bounce better occur…or PM CEO’s will be seen flying out of windows…

“Even if I made a 10 bagger from here, it’s still not enough.”

or would it be fair payment for all the aggravation of the last several years.

This has been one big fool’s play. Greenspan did say to buy yesterday though…

Bob Moriarty: Flock of Black Swans Points to Imminent Stock Market Crash

TGR: You’ve commented recently that you’re expecting a stock market crash soon. Can you elaborate on that?

BM: We have two giant elephants in the room fighting it out. One is the inflation elephant and one is the deflation elephant. The deflation elephant is the $710 trillion worth of derivatives, which is $100,000 per man, woman and child on earth. Those derivatives have to blow up and crash. That’s going to be deflationary.

“WCB Resources Ltd. could have big potential.”
At the same time, we’ve got the world awash in debt, more debt than we’ve ever had in history, and it’s been inflationary in terms of energy and the stock market. When the stock and bond markets implode, as we know they’re going to, we’re going to see some really scary things. We’ll go to quantitative easing (QE) infinity, and we’re going to see the price of gold go through the roof. It’s going to go to the moon when everything else crashes.

TGR: How are you looking at the crash—short term, like before the end of this year? How imminent are we?

BM: Soon.

TGR: Are you in or out of the market?

BM: Oh, I’m in. Not in the general market, but I’m in resources. There’s a triangle of value created by a guy named John Exter: Exter’s Pyramid. It’s an inverted pyramid. At the top there are derivatives, and then there are miscellaneous assets going down: securitized debt and stocks, broad currency and physical notes. At the very bottom—the single most valuable asset at the end of time—is gold. When the derivatives, bonds, currencies and stock markets crash, the last man standing is going to be gold.

Exter’s Pyramid
TGR: So the last man standing is the actual commodity, not the stocks?

BM: Not necessarily. The stocks represent fractional ownership of a real commodity. There are some really wonderful companies out there with wonderful assets that are selling for peanuts.

TGR: In one of your recent articles, “Black Swans and Brown Snakes,” you were tracking the U.S. Dollar Index as it climbed 12 weeks in a row, and you discussed the influence of the yen, the euro, the British pound. Can you explain the U.S. Dollar Index and the impact it has on silver and gold?

• Well, that’s not enough information to answer the question!
• What is a Kimber 1911 cal. 45 ACP?
• Does the man look poor or oppressed?
• Is he really a terrorist? Am I guilty of profiling?
• Have I ever done anything to him that would inspire him to attack?
• Could we run away?
• What does my wife think?
• What about the kids?
• Could I possibly swing the gun like a club and knock the knife out of his hand?
• What does the law say about this situation?
• Does the pistol have appropriate safety built into it?
• Why am I carrying a loaded gun anyway, and what kind of message does this send to society and to my children?
• Is it possible he’d be happy with just killing me?
• Does he definitely want to kill me, or would he be content just to wound me?
• If I were to grab his knees and hold on, could my family get away while he was stabbing me?
• Should I call 9-1-1?
• Why is this street so deserted?
• We need to raise taxes, have paint & weed day.
• Can we make this a happier, healthier street that would discourage such behavior?
• I need to debate this with some friends for a few days and try to come to a consensus.
• This is all so confusing!

 
Republican’s Answer:

BANG!

Southerner’s Answer:

BANG! BANG! BANG! BANG! BANG! BANG! BANG! BANG!

BANG! BANG! BANG! BANG!
Click….. (Sounds of reloading)
BANG! BANG! BANG! BANG! BANG! BANG!
BANG!BANG!BANG!

Click

Daughter:

‘Nice grouping, Daddy!’
‘Were those the Winchester Silver Tips or Hollow Points?!

Son:

‘Can I shoot the next one?!’

Wife:

‘You ain’t taking that to the Taxidermist!

is possible from the ETF’s (oops and the grubberment of course). This was the plan a long time ago. Still hoping a big fat boy like ABX collapses and closes its doors. Even if I made a 10 bagger from here, it’s still not enough. I’m pissed and want revenge soon

snip

All of which leads us to perhaps the most fascinating part of the Swiss Gold Initiative: the motion to ensure that the SNB immediately acquires enough gold to back 20% of its reserves (a threshold which it must then maintain as a minimum — at a level, you know, about where they were in 2009).

Now, the numbers around this little piece of the puzzle are interesting.

In order to reach the 20% threshold, the SNB has two options open to them: they can either reduce the size of their balance sheet or buy gold.

In life, there are many limbs out onto which one should never venture, but I’m prepared to dance out onto this one like Billy Elliot:

The SNB will NOT reduce the size of their balance sheet in order to meet the 20% mandate should the motion be passed.

There. Quote me on that.

And we all know what THAT leaves, don’t we boys and girls?

Yes, in order to meet the regulations should the Gold Initiative pass, the SNB will need to buy 1,700 tons of gold at the market (assuming, of course, that they don’t expand their balance sheet further in the meantime — something that, with the increasingly weak euro, is doubtful in the extreme). That equates to roughly $70 billion or CHF 67 billion.

And we are talking physical gold. Not futures contracts or complex derivatives but the metal itself.

Put another way, 1,700 tons of gold is roughly 70% of total annual gold production.

more http://www.mauldineconomics.com/ttmygh/this-little-piggy-bent-the-market

Count me in with Maddog and a “dismissive attitude”.

What’s been happening is nothing less than a concerted effort by the money powers to completely decimate an entire sector and eliminate any competition pm’s have with the existing fiat Ponzi scheme. Period.

I do not agree. While official raids are a part of it, the day to day trade is heavily impacted by speculator betting practices. You can take that to the bank. I watch the betting and tape every day and this is self-evident in the result. Of course it’s dismissive attitudes like yours that allow for this. People realizing this don’t mind because it just allows them to buy cheaper, or for some, to get short.

Cheers

china buys in real .. how many oz of silver are taken of the grid with silver eagles at record levels

the paper is infinite .. short sales with no consequences massive gold dump are the rule rather than the exception in my opinion

account with its overwhelming urge to turn in some more fiat for some more silver Maples or some other physical  silver.  I find 10-ounce silver bars to be an attractive size and shape.  Cheers to you and yours on your side of the continent.  Equiz.

I suppose the elections will all be rigged too! We are witnessing a societal breakdown.

Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.

Gold Bull will continue to crush in our skulls,  until ……..

Onward pilgrims

Winedoc

There’s your 2008 low in the HUI. If there’s going to be a bounce it better be here. Doesn’t look like it though.

Never seen a single sector so completely devastated in my life.

As for Traitor Dan

the gold and silver value index pushes lower. But what’s the option cash lol a non interest dead end .. grab the top of the stock market .. sure why not

Russia pushes forward plans to mine the moon

Russia pushes forward plans to mine the moon

The only real story out there is the Rig…..no real punter/investor/hedger sells 70 tonnes of Gold on the crimex in less than 3 minutes etc. as happened when we sniffed 1250 on 15 Oct …..or if they did, they were fired the next minute and they sure wouldn’t still be around doing it whenever the mkt looked even slightly bullish, unless that is what they are employed to do….

Anyone can take any mkt anywhere they want if they never pay a a margin call and that is what the Rig is doing ……not just in PM’s either.

As I said ystdy, they may not do any more QE, because the Rig is working perfectly….we all just have to Believe !!!!!!!!!

Cheers.

re Petch

He may be right about the mkt correction not ending for @ 7 years, as he is assumeing that the 2nd wave will be as long in time as the 1st, which was 11 years.

What he has in his favour if 1180 goes then we will have done 5 waves down from the 1900 Hi, for an A only, then we have to do 3 waves up for the B, and then the horrible 5 waves dn for C. that will complete a 3 wave correction from 1900.

but what he doesn’t know or anyone else, is where does this A end…it might end at 1170 !!!!, but time says not , as waves 1 and 3 of this A were both 9 months and so far we are in month 4 of the 5th. Again there is no guarantee that each wave is equal in time.

Also Wave B can take out the 1900 Hi, if it is a running B, something that happens in very strong mkts and the horrible C  may only go sideways, as opposed to down. So Wave C of  2 could end above 1900….unlikely. but it can.

All of the above ignores the Rig….which I think rules all major mkts.

While this will not endear me to gold bulls, gold was flattened on the FOMC news and is currently down over 1%. The HUI is a bloodbath having fallen 3.25% at this time while the junior-laden GDXJ is being soaked, down 5.55% at this moment.

Incidentally, it does look as if Mr. “gold will be well north of $2000 before the end of this year and silver north of $50” has struck out once again. I am not trying to rub salt into a wound – I am merely repeating something I have said here repeatedly in an attempt to teach and WARN readers – DO NOT FOLLOW ANYONE who claims to know in advance where a market is going. Here is the truth – THEY DO NOT KNOW in spite of their hubristic and reckless claims to the contrary.I honestly believe we going to see some junior miners disappear before this is all done. Be careful what you buy out there if you want to be a “hero contrarian” and start buying junior miners.

Take a look at this ratio chart briefly comparing the HUI to the price of gold and creating a ratio. It hit a level that was last seen – are you sitting down as you read this – December 2000! That is FOURTEEN YEARS AGO.

I said this before in a recent post and will say it again now, either the price of gold is too high and needs to fall further or the mining stocks are undervalued against the price of gold and need to move higher. Based on what I am seeing today, I see nothing to persuade me any differently. I still think gold is heading lower. Either that or some of these mining companies are history.

Notice on the gold chart that the metal has fallen to the support zone marked near the $1220-$1210 level. It is currently BELOW that level. the way it is trading at the moment ( and of course this could change) it does look as it a test of $1200 is coming. The reason I say that is because the price has fallen well below the middle line of the Bollinger Band indicator with the lower band sitting near $1197.

The ADX is still choppy suggesting that this move is a move back to the bottom of a wide range that has been in place for nearly a month now. However the clear break to the upside of the -DMI (red line) shows near term momentum with the bears.

To get out of the mess that they now find themselves in, the bulls are going to have to clear that downtrending 50 day moving average again. That is way up there near $1240 at the moment.

Proof is in the price chart for the metals but I can say the same thing about these grains. Most of us who trade the grains for a living all had ideas where we thought the grains were heading. Most of us were also wrong!

Is it any wonder precious metals continue to fall, when instead of buying the metals and shares, speculators continue to play the derivatives, which controls price trends with permanently bullish sentiment set against Wall Street machines programmed to exploit this mania. That’s right, precious metals speculators are locked into a reverse mania of sorts, constantly gaming a bottom, which will continue to be illusive, as long as this behavior persists.

I do not neccessarily agree with Dave that precious metals are going to lower lows 5 years from now because many things can happen between now and then, however, if faulty and fraudulent US pricing mechanisms are still setting world prices then, and speculators maintain the same betting practices, you should know anything is possible if this is already not evident to you. The all important open interest put / call ratio on SLV has dropped to .25 as greedy specuators continue to buy the dip. That’s 4 calls for every put, a record low. That’s why prices are falling today, because the machines are having a field day, and it’s not much better in GLD, GDX, and NUGT. And COMEX open interest is at record levels, with speculators the culprit here again. The New York bankers laugh at you because you are not watching true sentiment and they can count on you to be greedy bastards.

My question(s) to these people is ‘how’s that trade working out for you?’ Are you making more? Isn’t 10x your money in physical enough for you?  All we need is true price discovery in the physical market.

All you gotta do is stop playing that crap.

Happy trails

http://www.kitco.com/ind/Petch/2014-10-29-Gold-s-Obituary.html

🙂

I don’t eat soup for breakfast much but when I do …

Centerra Gold Reports Third Quarter Results

http://finance.yahoo.com/news/centerra-gold-reports-third-quarter-213000529.html

Barrick Gold third-quarter earnings slide, cuts 2014 cost forecast

http://finance.yahoo.com/news/barrick-gold-third-quarter-earnings-214456645.html

Royal Gold Reports First Fiscal Quarter 2015 Earnings of $0.29 per Share

http://finance.yahoo.com/news/royal-gold-reports-first-fiscal-230000446.html

OceanaGold announces results for third quarter 2014

http://finance.yahoo.com/news/oceanagold-announces-results-third-quarter-090000678.html

Goldcorp Announces Third Quarter Operating and Financial Results

http://finance.yahoo.com/news/goldcorp-announces-third-quarter-operating-120000612.html

Lake Shore Gold Reports Strong Operating Performance, Increases Cash and Achieves Exploration Success in Third Quarter 2014

http://finance.yahoo.com/news/lake-shore-gold-reports-strong-002001616.html

I’m with MadMike on this one!  More of that Coffee, please!

Some days just ain’t right!

http://www.railpictures.net/viewphoto.php?id=114354