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

Here’s to scruffy and his pushing.

The new benchmarking process for gold in London has begun today, but without any direct Chinese involvement as yet. The new London Gold Fix – or LBMA Gold Price – as it is now called is beginning with only a small change from the participants in the old system – Barclays, HSBC, SocGen and Bank of Nova Scotia, will now be joined by UBS and Goldman Sachs to make up the number to six.

According to the LBMA there is as yet going to be no direct participation by any of the three Chinese banks which have expressed interest in joining and would appear to qualify for inclusion under the strict guidelines for doing so. The first new LBMA Gold Price benchmark price under the new system came in at $1171.75 at 10:30 am GMT this morning.

Many observers had felt that the inclusion of one or more of the Chinese banks – ICBC, Bank of China and China Construction Bank – would be inevitable from the start of the new process, but as we pointed out here a few days ago (See: Fixing the Gold Fix – with or without the Chinese banks?) their inclusion at the start was certainly not inevitable – even though China is comfortably the world’s largest consumer of gold whatever the World Gold Council and GFMS may say in qualifying what they present as Chinese consumption figures. China is also comfortably the world’s largest producer of the yellow metal and it seems extremely strange, and can only contribute to the thinking of those who believe the gold price is being suppressed by the establishment of major central banks and the bullion banks. Whether this is, in reality, the case or not will obviously be a continuing debate, but it does seem to be odd that given the huge undisputed flows of physical gold from West to East that the gold price has performed so badly over the past few years.

more http://www.mineweb.com/news/gold/no-chinese-banks-in-new-london-gold-fixing-system-yet/

Freeport Indonesia says blockade at Grasberg copper mine lifted

http://finance.yahoo.com/news/freeport-indonesia-says-blockade-grasberg-022520652.html

Nevsun Provides Further Update on Operations (no mention of them being bombed)

http://finance.yahoo.com/news/nevsun-provides-further-operations-225800375.html

Centamin PLC: Centamin PLC Results for the Year Ended 31 December 2014

http://finance.yahoo.com/news/centamin-plc-centamin-plc-results-070000400.html

Avino Reports 2014 Financial Results of $2,514,169, $0.08 Per Share and Cash Flow From Operations of $4.3 Million, $0.13 Per Share

http://finance.yahoo.com/news/avino-reports-2014-financial-results-120000968.html

Seabridge Gold Reports 52% Resource Expansion for KSM’s Deep Kerr Deposit

http://finance.yahoo.com/news/seabridge-gold-reports-52-expansion-120000468.html

Yeah, I’m familair with those slow, frozen particles.  Most of ’em stop here at the Absolute Zero Cafe’.

Sez  the debate about RACE isn’t over even though Mr Schultz has backed off with his latest in store  push.

Well we need to have prepared a strategy to boycott his stores like a “NO Race Bait & NO COFFEE MONDAY ” “then a NO RACE Bait ,NO Coffee Tuesday ”  we can do it from internet only ,we just need to get vocal and spread the word viral …His attempt was a sinister attempt to RACE BAIT the Public while he uses the profits from the Public against them or at least 50% of them….He is a big Obama Financial supporter ..Hit his money and you hit Obamas agenda …..BOYCOTT will get his attention !

Now we need to go for his money and get him to CUT Prices…..and RAISE WAGES like Walmart & TARGET did and he wont have so much to get Political with…

He need to pay wages in accordance with his high prices ..thats only a FAIR exchange ! for the employees he was so quick to USE for his agenda…..

Same team fightin for the same ideals. Obama jokes relegated to the cocktail lounge.

I’m voting for the one that has Harper as VP.