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

Goldcorp Inc Warns Of Massive Writedown Of Up To US$2.7B On Argentina Mine

Posted by eeos @ 22:24 on January 12, 2015  

Goldcorp Inc. expects to record a massive writedown of up to US$2.7 billion on its new Cerro Negro mine in Argentina due to ongoing political and economic challenges in that country. 2014 will go down as the year when miners dumped their troubled assets for hardly anything in return. And don’t be surprised to see a few more dirt-cheap deals in the coming year

The Argentine government has made life extremely difficult on foreign mining companies by restricting the imports of goods and services and implementing exchange rate controls that limit companies’ ability to convert Argentine pesos into U.S. dollars. Inflation is also very high; Goldcorp previously said that every time it brings a dollar into Argentina at the official exchange rate, suppliers and contractors treat it at the “unofficial” rate, which is almost 70% higher. Read more

price action

Posted by treefrog @ 22:20 on January 12, 2015  

silver and gold prices lookin’ good on the night shift…

goldielocks @ 20:07

Posted by Mr.Copper @ 21:20 on January 12, 2015  

I’m in NY, Long Island, south shore. Its been pretty much the same here. Its an out migration state. Taxes too high. Most go south or west. Where do they get the money they need? Float bonds and taxes. We have the highest taxes and electric bills in the country.

I’m not positive for NY state. NYC might be the next Detroit in the future. And Detroit may have seen its worse days, and get better in the future. Wall Street and too much gov’t taxes, versus Detroit who’s smoke stack industries might be growing.

These days I’m positive on the USA as a whole. I think the country hit bottom in 2009. Back in the 1970s I was negative on the USA as a whole. I think the country as a whole was all peaked out by 1970. Everything went down hill after that.

The USA developed a lot of “body rot” since 1970 here and there like an old car. I think a restoration has started out of necessity. No more fake artificial boom ideas left available for the globalists to keep us artificially alive, on life support. More reality showing up.

What you described regarding the past, are some of the things they did to over ride the losses of importing more than we export. Even that Cholesterol story earlier is part of making us cannibal ourselves. Lower “normal” numbers to net more revenue.

Even the DWI numbers were lowered to .08 to net more jobs and revenue. And don’t get me started with the cars and the ‘check engine’ lite and all air pollution laws costing us money for nothing really needed. Same as welfare.

Mr Copper

Posted by goldielocks @ 20:07 on January 12, 2015  

What state are you from. Here in Calif they are driving business away and wages are stagnat while everything is going up. And thus they keep growing gov and who are they going to take it from, other needed social service programs. They give with one hand take with the other. They can’t even afford to pay the people they have now and look at social security, something people paid into.

Heres something that seems only to benefit parents with kids which is good if they can invest wisely if they can for child care credit where individuals as well may get a 1000 dollar tax credit, oh goodie. Who are they going to take it from, Wall Street and charges on stock trades. Since their supposed to be targeting high frequency traders hope they have dollar amount or if they get around that frequency amount.




Here we go Again!

Posted by Auandag @ 20:03 on January 12, 2015  

eeos – All the World’s a stage.

Posted by commish @ 18:33 on January 12, 2015  


Gold and silver still looking good here

Posted by silverboom @ 18:32 on January 12, 2015  

Yes, they are.

Hilarious Commish

Posted by eeos @ 17:58 on January 12, 2015  

image is everything, what a bunch of dirtbags. They were like, “Hey serfs are too dangerous to march with, let’s just make it look like we’re marching for the common person.”

We’re being fooled again.

Posted by commish @ 17:56 on January 12, 2015  


Yamana Gold to raise nearly C$300 million to cut debt

Posted by ipso facto @ 17:46 on January 12, 2015  


Maybe a smidgeon of justice

Posted by ipso facto @ 17:16 on January 12, 2015  

Albuquerque Cops Who Gunned Down Homeless Camper Face Murder Charges


French President: “The Illuminati Are Behind The Paris Attacks”

Posted by ipso facto @ 16:59 on January 12, 2015  


macroman3 @ 15:03

Posted by ipso facto @ 16:35 on January 12, 2015  

I think our market’s starting to heat up! 🙂

First Majestic’s day a good start.

Gresham’s law

Posted by Mr.Copper @ 16:26 on January 12, 2015  

re part:
Gresham’s law is an economic principle that states: “When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.”[1] It is commonly stated as: “Bad money drives out good”.

Those were the good ole days when the whole world used AU and AG as money. I wonder what was the difference between under and over valued money? Purity of the metals?

Anyway in todays situation, with stocks bonds and real estate and even oil futures commodities used as money, how does this “modern money” fit in to Gresham’s Law? Which is over or under valued “money” today?? The Bonds? General Stocks? Oil?

Oil neeeds to talk to us and Gata

Posted by Maddog @ 16:06 on January 12, 2015  

Stupid selling in GDX on close and Oil not even allowed any kind of daytrader short covering bounce.

That said not a great day for the Scum, the Coke hangover was probably epic, so watch out tommorow folks.

Greshams Law

Posted by Richard640 @ 16:05 on January 12, 2015  

Subject: natural law is immutable. entropy is justice. gecko was wrong: greed is not good.never mistake brains for a bull market.

the rubber truncheon will do its’justice


Gresham’s law is an economic principle that states: “When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.”[1] It is commonly stated as: “Bad money drives out good”.

This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions. The artificially overvalued money tends to drive an artificially undervalued money out of circulation[2] and is a consequence of price control.

The law was named in 1858 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), who was an English financier during the Tudor dynasty. However, there are numerous predecessors. The law had been stated earlier by Nicolaus Copernicus; for this reason, it is occasionally known as the Copernicus Law.[3][4] It was also stated in the 14th century, by Nicole Oresme,[5] and by jurist and historian Al-Maqrizi (1364–1442) in the Mamluk Empire;[6] and noted by Aristophanes in his play The Frogs, which dates from around the end of the 5th century BC.

goldielocks @ 15:20

Posted by Mr.Copper @ 15:32 on January 12, 2015  

re your: “If they did they’d stop trying to tax and drive out businesses and make incentives to get them back then hire citizens. Their expanding gov making new laws then hiring thousands to regulate them at tax payers expense ”

That’s the old news. The terminator gov’t is in a trying to survive mode these days. They finally realized they can’t get blood from a stone. You have to look like for “deer signs” to see the new up and coming news.

For example. Layoffs in the environment protection sector. Property tax caps here at 2%. Tax breaks here to open manufacturing businesses. Many other “different direction” deer signs I see out there. You can’t see them unless you look for them.

Minnesota?? May not be true. If real it will probably get rescinded, If real its just a speck of dust in one spot.

Mr Copper

Posted by goldielocks @ 15:20 on January 12, 2015  

I don’t think the Gov are trying to restore the middle class. If they did they’d stop trying to tax and drive out businesses and make incentives to get them back then hire citizens. Their expanding gov making new laws then hiring thousands to regulate them at tax payers expense as well as hunt money everywhere to foreign businesses which drives down liquidy. Look at Minnesota and bullion sales their costing jobs while probably hiring tax dependent people to monitor it like they did or with other things.

ipso 13:29, we’re on the same wavelength, in fact was gunna drop you a line about FR

Posted by macroman3 @ 15:03 on January 12, 2015  

Sucker is gunna be a triple in a month from the blowout low of $3.81 Canuckbuck

@Armstrong Money Supply, Demand, Wake Up

Posted by Mr.Copper @ 14:49 on January 12, 2015  

I think stocks bonds and real estate belong in the money supply. They are the replacement for saving money. Another point. All those r/e loans in default are deflationary. And if the means of production are so extreme, production can outpace demand. Another angle.

Armstong is an insane nutbag

Posted by eeos @ 14:13 on January 12, 2015  

he’s a fool. His commentary is complete rubbish, my grandma could have made better market predictions. Marty if you were so smart, you wouldn’t have had to go to jail in the first place. Now go sit in a corner dunce


Posted by Mr.Copper @ 14:07 on January 12, 2015  

“Minnesota’s law has shut down ALL COIN BUSINESS in its state, even rare collector coins. When I warn that readers should buy COINS rather than BULLION, I am deeply concerned about this hunt for money. Governments are DEAD BROKE and instead of reforming, they are without question sending us in the direction of COMMUNISM and/or a pure DARK AGE. They are destroying the world economy so rapidly all because of this Marxist theory. This is not a joke.”

Comment: “sending us in the direction”?? The guy is sleeping. The above already happened, or climaxed. The past is in reverse. I’m happy. Saudi prince billionaire said “Oil will never be $100 again. Over $100 was artificial”. I agree. The days of banks and people speculating on oil futures is waning.

“I do not need to make up wild stories about hyperinflation, missing gold in Fort Knox or how futures (paper gold) suppresses the price. This is all total garbage. We face SERIOUS DEFLATION which is the kind that destroys society.”

Comment: Again, that already happened. The past is trying to right itself, (oil down gold up) and in reverse. Gold does not need inflation. The shipped sailed slowly for 50 years towards and into shallow water and had to turn around. Summer 2008. The past has proved itself a failure. The gov’ts are trying to restore the middleclass.

Armstrong is a jerk. What does he know?? Hes not up to date.

First Majestic kicking booty

Posted by ipso facto @ 13:29 on January 12, 2015  


Gold looking sweet!

Posted by ipso facto @ 13:25 on January 12, 2015  



Posted by goldielocks @ 13:04 on January 12, 2015  

lol Main reason it to pass it on we got a fight on our hands with people hunting other people money who haven’t read the Ten Commandments and worse teaching kids this is okay. This is beyond the nosey neighbor, they think their God.

Older Posts »
Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.