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

Ipso and Wanka……Thanks for the come-back!!

Posted by silverngold @ 13:24 on March 19, 2015  

It appears I am wrong so I have deleted my post. Sorry for the disinformation.  All The Best………..Silverngold

Jesse

Posted by ipso facto @ 13:15 on March 19, 2015  

Gold Daily and Silver Weekly Charts – Currency Wars and Credibility Traps

The Fed not only blinked today. They were twitching like someone afflicted with Tourette’s syndrome.

The reasons are pretty clear.

The Fed had to take out the word patient today, or lose all credibility, and risk scaring the markets back into reality.

As I pointed out earlier today, in the assessment of an agency in the Treasury, the markets are at a two sigma level of potential volatility, ie like ‘quicksilver.’

And of course, as is apparent to anyone who actually reads anything with a critical eye, the real economy is wallowing all over the place.

Finally, the recent moves by most of the rest of the world’s central Banks have been to fully engage in the currency war by cheapening their currencies. The Fed would have looked like flaming idiots if they had raised rates today, given all the weak economic factors, the exceptionally low interest rates because of inbound capital flows from abroad in search of yield and safety, and the subsequent undue strength of the dollar that was already stifling exports and manufacturing.

So the Fed did the only thing it could do. It took out patient, and gave plenty of signals that they would not be raising rates anytime soon.

They also took metrics like the unemployment figure off the table. They have bought into Stanley Fischer’s proposal that the Fed must resume the cloak of ‘mystery’ in its policy actions in order to be able to more effectively manipulate markets to achieve its policy ends.

I will say that I think this mystery is going to extend mostly to the public. I believe that they will be keeping the biggest insiders very informed through a variety of side and back channels. The better to eat you with, my dear. Pity the small players and investors in these markets.

Gold and silver took off like a scalded cat as the dollar dumped. The only surprise I had was that we did not test resistance around 1185. But who can predict the movements in these paper markets?

Nevertheless, the Fed has just tipped its cap, and bent its knee, and acknowledged that they too are in the currency war. Like so many other things they have screwed up they cannot fully admit it. They are caught, like most of the world’s bankers and financiers, in a credibility trap.

Gold and silver will ultimately prove to be the last resort in a global game of ‘beggar thy neighbor,’ no matter how much fog and mystery the money masters care to distribute to better mask their intentions.

So as I have done for so long, I get right, sit tight, and hunker down while the great currency game plays itself out on the global stage.

charts http://jessescrossroadscafe.blogspot.com/

Have a pleasant evening.

SNG I don’t believe that statement is true. From everything I’ve heard Sprott’s silver trust is fully allocated and audited. JPM has nothing to do with it.

Posted by ipso facto @ 13:03 on March 19, 2015  

“Sprott Asset Management has announced that it is planning to raise $500 million for a publicly traded silver ETF that will only invest in physical bullion trading under the symbol PSLV. Sprott already has a similar gold ETF that trades at a large premium to the price of gold – perhaps because investors truly believe that it is backed by the physical metal. Both the gold ETF (GLD) and silver ETF (SLV) have been questioned for their ownership of the physical gold and silver bullion. Interestingly, JPM is the custodian of the SLV silver ETF. Given Sprott’s solid record, there is a possibility of mass redemption from the questionable SLV ETF by investors who reallocate into PSLV. ”

http://news.silverseek.com/SilverSeek/1288625817.php

“3) Safety. The Royal Canadian Mint stores bullion for the Sprott trust. As Sprott writes on its web site, “The Mint is a Canadian Crown corporation, which acts as an agent of the Canadian Government, and its obligations generally constitute unconditional obligations of the Canadian Government.” SLV’s bullion is stored and managed by a private company (JP Morgan Chase: NYSE:JPM) with no government backing (unless, of course, you count the tacit promise of a bailout when times get tough).”

http://tradingstocks.me/pslv-vs-slv-battle-of-the-silver-etfs/

On Silver, this is not meant to be gospel…………..

Posted by silverngold @ 12:55 on March 19, 2015  

But, I seem to recall that Sprott Asset Management named JPM as custodian for the silver they bought to back their new silver ETF awhile back. Anybody getting my drift or wish to correct the above statement?? Thanks!!    Silverngold

Nice pop for this midget EAG.V. Wish it was on more volume

Posted by ipso facto @ 12:43 on March 19, 2015  

http://stockcharts.com/h-sc/ui?s=EAG.V&p=D&b=5&g=0&id=p48171848502

Maddog @ 12:09

Posted by ipso facto @ 12:41 on March 19, 2015  

… but can they settle in paper when crimex defaults and still hold on to their physical? What if their physical is not held at crimex. Just wondering.

Madog

Posted by goldielocks @ 12:34 on March 19, 2015  

JPM maybe they know what’s coming or maybe their planning on trying to control it by liquidating when the time comes.

Scruffy

Posted by Maddog @ 12:09 on March 19, 2015  

Ted’s lost it, if you buy 300 million oz of Ag and sell far more futures to drive the price down. yr net short !!!!!!

If he is right JPM is still monster short…….meanwhile who is short all the paper Au….someone sure is !!!!!

For Your Health….Become Informed!!

Posted by silverngold @ 11:34 on March 19, 2015  

Silverngold 10:12

Posted by goldielocks @ 10:48 on March 19, 2015  

Herd mentality probably right the Clintons or whatever’s thoughs spilling over. Only thing smart in the house concerning him is Michele who went through school on her own power thoughts and effort to help poor before he came along. That idea just might backfire as young start voting against them since their the ones getting hurt the most by them. Yeah try to get more hidden taxes and demo votes Obummer.

Maya 9:17

Posted by goldielocks @ 10:30 on March 19, 2015  

Maybe some kinda recovery was looking for by mid March but watch out for 1200 ish resistance.

More Herd Mentality??

Posted by silverngold @ 10:12 on March 19, 2015  

Mandatory voting? Obama says it would be ‘transformative’

President Barack Obama greets people after speaking at The City Club of Cleveland, Wednesday, March 18, 2015, in Cleveland. Obama visited Cleveland, in the all-important presidential battleground state of Ohio, delivering a speech focusing on middle-class economics and to draw contrasts with Republicans over federal spending. (AP Photo/Tony Dejak)
.

View photo

President Barack Obama greets people after speaking at The City Club of Cleveland, Wednesday, March 18, 2015, in Cleveland. Obama visited Cleveland, in the all-important presidential battleground state of Ohio, delivering a speech focusing on middle-class economics and to draw contrasts with Republicans over federal spending. (AP Photo/Tony Dejak)

WASHINGTON (AP) — They say the only two things that are certain in life are death and taxes. President Barack Obama wants to add one more: voting.

Obama floated the idea of mandatory voting in the U.S. while speaking to a civic group in Cleveland on Wednesday. Asked about the corrosive influence of money in U.S. elections, Obama digressed into the related topic of voting rights and said the U.S. should be making it easier — not harder— for people to vote.

Just ask Australia, where citizens have no choice but to vote, the president said.

“If everybody voted, then it would completely change the political map in this country,” Obama said, calling it potentially transformative. Not only that, Obama said, but universal voting would “counteract money more than anything.”

Disproportionately, Americans who skip the polls on Election Day are younger, lower-income and more likely to be immigrants or minorities, Obama said. “There’s a reason why some folks try to keep them away from the polls,” he said in a veiled reference to efforts in a number of Republican-led states to make it harder for people to vote.

Statistically speaking, Obama is correct. Less than 37 percent of eligible voters cast ballots in the 2014 midterms, according to the United States Election Project. And a Pew Research Center study found that those avoiding the polls in 2014 tended to be younger, poorer, less educated and more racially diverse.

At least two dozen countries have some form of compulsory voting, including Belgium, Brazil and Argentina. In many systems, absconders must provide a valid excuse or face a fine, although a few countries have laws on the books that allow for potential imprisonment.

At issue, Obama said, is the outsize influence that those with money can have on U.S. elections, where low overall turnout often gives an advantage to the party best able to turn out its base. Obama has opposed Citizens United and other court rulings that cleared the way for super PACs and unlimited campaign spending, but embraced such groups in his 2012 re-election campaign out of fear he’d be outspent.

Obama said he thought it would be “fun” for the U.S. to consider amending the Constitution to change the role that money plays in the electoral system. But don’t hold your breath.

“Realistically, given the requirements of that process, that would be a long-term proposition,” he said.

___

 

Gold Train

Posted by Maya @ 9:17 on March 19, 2015  

folder_xing

She’ll be coming ‘round the mountain when she comes…

Can we keep it going uphill?
http://www.railpictures.net/viewphoto.php?id=523661

 

Good morning Oasis

Posted by ipso facto @ 9:15 on March 19, 2015  

Silver Wheaton Reports Fourth Quarter and Full Year Results for 2014

http://finance.yahoo.com/news/silver-wheaton-reports-fourth-quarter-210300710.html

Sandstorm Gold Announces Fourth Quarter and Annual Results

http://finance.yahoo.com/news/sandstorm-gold-announces-fourth-quarter-001500209.html

Macro

Posted by goldielocks @ 8:52 on March 19, 2015  

Grandchildren will be living in different times having to undo the damage. Notice since these lifetime career incumbents and non elected through them,  we have in the  US, the economy, family values, jobs everything been down hill since they over the years and live hand to mouth with brain dead personal gain since and as Armstrong said they are strip mining the country. There  legacy or track record of economic and constitutional malaise speaks for itself.

Oh look a magic trick overnitey

Posted by eeos @ 8:48 on March 19, 2015  

It’s the re-pumping of the dollar. Did you think the boys would let a decline happen? NO WAY! They probably needed to run the stops to pick people’s pockets, make their friends a few billion and continue on with the show. Who’s going to stop them? No one!

Morning Maddog

Posted by Buygold @ 8:09 on March 19, 2015  

I do agree that at some point they’ll have to unleash more QE, but unless or until we remove the west/USD as the pricing mechanism for gold, most days will look like this.

24 hr gold chart

Buygold

Posted by Maddog @ 7:39 on March 19, 2015  

re seen it all etc.

I agree, my imediate thought was how long would it take them to get Au back under 1150,,, hours or a few days ???

The good news though is that the Fed is now haveing to begin to admit, they have failed. Till now the pretense has been it all worked etc. No doubt that will be tried again, but that too will fail.

So at some point they will have to bring back QE, as that is all they know, which is what Jimmy Rogers always said, it will be QE to infinity……however they have far less real Au available and the paper smashes will look increasingly insane…..

They are running out of both metal and now credibility.

Coffee’s on

Posted by MadMike @ 5:02 on March 19, 2015  

A_small_cup_of_coffee

Well I can’t hardly pass up that last opus without an oncore…

Posted by macroman3 @ 23:01 on March 18, 2015  

For the great grandkids after the mushroom cloud. Oops, did I spoil the moment?

Alright BG, pep talk time again. Repeat after me, you are not gunna win in your lifetime… It ain’t about your lifetime….

Posted by macroman3 @ 22:42 on March 18, 2015  

It’s about great grandkids that aren’t born yet…you are the guiding light that will shine on the cocka roaches so your generations hence can squish em dead.

The survivors of the true money purge will carry on, morally, like it should…

I’m sorry to piss in the Cheerios but we’ve seen this a hundred time in the last three years and unless/until we put weeks/months of upside I don’t buy the minor rally today

Posted by Buygold @ 21:40 on March 18, 2015  

“Note immediately after Fed blather the initial massive selling at $1159, just a few ticks under +1%. A whopping 11,062 contracts in 5 minutes couldn’t get gold through the 1% zone. Another 8,790 contracts in the next 3 minutes finally lifted gold over the hurdle. $1171.10 is now the nut to crack. No technical point of course, just the cartel’s 2nd limit-up. A breech of that number would be the most encouraging thing we’ve seen in a LONG time. As I type it’s hovering in true cartel fashion right under +2%.

Look, up in the sky! It’s a dove, it’s a hawk- no, it’s Super Fed Man. Capable of leaping tall debt mountains with a single word. Fighting for opacity, cronyism, and the bankster way of life.
JMc

The good news is that gold and silver were brought back from a death watch. We have a shot at least that The Gold Cartel can’t continue what they have been doing. But, for the moment, all that has occurred is The Gold Cartel set up a certain amount of spec shorts to cover so they could sell what they bought on the break. Unfortunately, James Mc has it nailed and I am disgusted as he is. (Keep the pre-Fed talk gold bearishness in mind and what that really should have led to on the surprising news.)”

 

***Maybe it’s a good sign that I don’t believe, but I doubt it.

Posted by goldielocks @ 19:33 on March 18, 2015  

Long tail down looks like took a lot of stops out today. That makes me suspicious.

That was a sweet smack down on the dollar tonight

Posted by eeos @ 18:53 on March 18, 2015  

bout time, a little fluffy there? Air pocket? But I will say it’s total BS and this is further proof that Gold is managed. The Dollar couldn’t take a 5 point hit so fast and not see Gold go flyin. That should have been good for a couple hundred dollars

Dollar and Gold

 

Winedoc

Posted by goldielocks @ 17:48 on March 18, 2015  

Didn’t see you said it was beans at first then figured out what it was. Looks good. Haven’t made that in awhile. Baking may help cuz if you get busy and on stove top those baked beans can too easily turn into burnt beans. 🙁

« Newer PostsOlder Posts »
Go to Top

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