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

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That’s why I preface some posts with FWIW: For What It’s Worth.

I’ve had mixed feelings about Karen for years but still think some of what she presents sounds reasonable so needs to be aired, if for no other reason than to refute it….or to verify it!! No harm getting everything out in the open IMO!!!

“one redeeming quality”

How bout they produce the only substances on earth which has proven itself as real money and protects people from the predations of governments.

Mining companies vary in management just as other companies do. If the gold price was on it’s way to $2000 everyone would be saying how clever the ceos are and how good they are to stockholders.

I will agree that a lot of co. officers are thieves, and I will say that a lot aren’t too.

Cheers

I’m just sayin’ 🙂 🙁

He made a deal to get out of Jail  !  He did not get out by winning a Lawsuit .

What was the deal..I have no doubt they (the Feds) turned him …they Flipped him…..!

therefore everything he says is suspect…What ever they want him to say  ..I suspect.

He’s a free man ..good for him ! … but he’s now discredited by suspicion….

Wow!!!  well so far he hasn’t been wrong but Geeze.

Fast forward 16 years later. Think of all the evidence GATA has collected since then about market manipulation and the billions of dollars of fines paid by bullion banks for rigging one commodity market/financial market after another. These are facts, not exaggerations. And yet, after all of that, Martin A is right back to the same rant initiated so long ago.

The entire tale seems too wild to even be in a movie script. But first one more MIDAS commentary about Mr. Armstrong written in September of 1999, the day after I returned from Vancouver to meet with Normandy Mining chairman, Robert Champion de Crespigny, who refused to meet with me after agreeing to do so and having me fly 2,000 miles on behalf of GATA.

Talk about dull … the gold price was $1 lower on September 16, 1999 at $255.30.

The Way I See It – by Midas

By now, many of you have read about the antics of Mr. Martin Armstrong. What a story this is. I just returned from Vancouver where he visited often, spoke to many and was highly regarded by the Canadian commentators in that city. He was the man.

He is the man here and in Japan too. The con man. By now, those interested in financial matters know that he had a Ponzi scheme going of the first billion dollar order. It was uncovered by Japanese investigators, not U.S. investigators, who tout how on top of everything they are. What a joke! Recently, when queried about some funny goings on in the gold market, the CFTC said they would know if something was amiss in the gold market. Sure. Just like you had the hang of it on Armstrong.

Mr. Armstrong had so many fooled. He came across as Mr. Academia. But, he was no PhD; he did not even have a bachelor’s degree. His formal training was limited to courses at RCA Institute, an early New York City electronics technical school now known as Technical Career Institute. (Yet, he could call a press conference on why gold is so bearish and the press would fall all over him – we hold a press conference to logically explain why the gold market is manipulated and no one shows up).

From what I can tell from press reports, Martin and his cronies at Republic Securities were taking new money from investors to pay interest due to old investors. A classic Ponzi by a Ponzi. M.A. was not shy about talking his book. A renowned commodity trader with a more renowned ego, Armstrong, with all his brilliance, got most of the markets all wrong in recent times. He was long bonds, short oil, short yen and short gold. Three out of the 4 were the worst trades one can imagine. Bonds have gone straight down this year, oil and yen straight up. The only winner has been gold and it only kerplunked right after the BOE announcement on May 7.

This is where it gets interesting. That is when he took on GATA, telling us that gold was going to $200 and our theories of manipulation were gaga. We were such misguided souls, said he. That is also when the lease rates started to rise from a normal one per cent to as high as 5.08 per cent for one month gold just yesterday. Then in June, out of nowhere, he came out with a vitriolic, public attack on GATA for our beliefs. With all the pressure he must have been under, why would he take the time to attack us? That attack was circulated all over the world…

http://www.lemetropolecafe.com/Pfv1.cfm?pfvID=388&SearchParam=Armstrong

-END-

Martin A’s dealings were with Republic Bank. As part of the movie bit, three more months later…

Edmond Safra dies in fire December 3, 1999: 2:57 p.m. ET

Billionaire Banker killed on verge of selling his Republic National Bank to HSBC

NEW YORK (CNNfn) – Billionaire banker Edmond Safra was killed early Friday when fire engulfed his Monte Carlo home, following an attack by two hooded men, according to Monaco’s official press office.

http://money.cnn.com/1999/12/03/worldbiz/safra/

-END-

Anyway, after that Martin A went to jail the next month and for the entire gold bull market, finally let out on the exact month the price topped out in September of 2011. What a story…

Jailed Adviser Is Sentenced and Fined in Fraud Case
By MICHAEL J. de la MERCED

Published: April 11, 2007

Martin A. Armstrong, the financial adviser who has spent seven years in jail on a contempt-of-court charge, was sentenced yesterday to five years in prison for running what prosecutors said was a $3 billion Ponzi scheme.

Judge John F. Keenan of the Federal District Court in Manhattan also ordered Mr. Armstrong, 57, to pay $80 million — plus one dollar — in restitution to the fraud victims.

“Every criminal case is a human tragedy,” Judge Keenan said at the hearing yesterday. “But yours is particularly sad.”

Mr. Armstrong, the founder of Princeton Economics International, has been held in the Metropolitan Correctional Center in Lower Manhattan since January 2000. He has been jailed for contempt of court because he has not produced $15 million in gold and antiquities, as well as documents, stemming from a related civil suit filed by the government. It is one of the longest-running charges of contempt in American legal history…

http://www.nytimes.com/2007/04/11/business/11wall.html?ref=topics&_r=0

She is either a dis info agent or suffers from grandiose delusions. When she first came on the scene she would say on one show that the dollar was going down and then on the next show she would say the dollar was going up. She also claims that there is humungous amounts of gold in Hawai. yeah sure!  She says she used to work for the World Bank and has inside info. If that was true, why is she safe and lesser bankers are being offed?

As far Armstrong was never bearish gold long term in fact his models predict gold 22-24000 by 2032 but say not that it will get that high but in response to 30k gold said he doesn’t see it getting much higher than that.

What games the gold haters will play as or if lol its  hard to say but they are predictable criminals. Hopefully we’ll see a different president by them. One can only hope for the future. So many gold hater it’s time they got a reality check.

We have politicians living on the past innovations of people when we lived in a ” free” country and that didn’t mean live here free but free to explore to question to test theories and incourage innovation. As a result technology boomed as well as new inventions and jobs to make them.

Now we have brain dead in comparison politicians with no motivation to motivate, to compete, but to spend their ” our” inheritance of past riding it’s coat-tails until it’s gone. Their instead  more worried about what’s politically correct, not to question, what you can say and not say.  Brain dead. Where’s the motivators to move forward. They don’t seem to have the capacity. It’s like they don’t even see the value in that. Instead of taking that million and investing in making another million they just want to spend it. In the mean time the rest of the world catching up or driving out some of the foreign brains it’s now ” all made somewhere else.”

Instead we see them more worried about putting up a rainbow flag. They are probably seem as a laughing stock of the rest of the world. Some where over the rainbow. No puns intended to gays just saying..so instead of moving forward they are indoctrinating kids not to question, explore, but just everything’s just ticky tacky and should stay the same. Give them a list of what they can can’t say do and can’t do. This is going in the opposite direction of progress. Ps no more man on the moon.

If he could really tell the future he wouldn’t be peddling subscriptions…

Here’s his 1999 call:

There is most likely the typical summer rally from a June low that may yet develop. The public funds are all quite aggressively short and a rally is starting to appear overdue where a retest of $275-280 may be likely. Nevertheless, the prospects for lower prices into next year remain quite strong, where a drop to just under $200 performs a retest of the 1974 high.

The bullion trade has tried to use Y2K as a reason to rush out and buy gold. The central banks have been the sellers into that retail consumer demand as well. Even the British are now running advertisements offering new gold coins struck for the millennium. Some of the bankers have expressed a fear that the hype over Y2K that has been used by some bullion dealers could prove to be quite damaging to retail demand next year. The concern remains that a sharp drop in demand could unfold when the public sees that the banks have not collapsed and that life goes on.

There is also a growing fear that perhaps net sales by the public may also emerge causing prices to decline even further. Those banks that are selling gold to the public do NOT want to see a price collapse. They naturally want to sell gold coins at the highest possible price, as was the case with Australia.

We can entertain conspiracy theories and blame or threaten everyone who has ever uttered a bearish word about the precious metals, but this will not change a thing. It is going to be a very difficult period ahead for many involved in the precious metals and most other commodities as well.

Nonetheless, the only hope will be new lows in 2000 and a return to inflation perhaps due in part to Y2K. Any disruption to supply will cause a shortage of goods and that is price inflationary as was the case during the late 1970s.

If there is no serious problem and the stockpiling of goods and raw commodities by manufacturers going into year-end results in excess inventories, then there will be a risk of a further deflationary trend into 2002- 2003. Such an outcome would prompt further deflation and postpone any bull market in commodities until the 2003-2007 time period. These are major economic issues that will take time and patience to resolve.

***********************************

A PRO TRADER AND GATA SUPPORTER ANSWERED HIM:

All equity markets need to be free from manipulators of any kind. As you may have picked up on, I do support the GATA cause because I believe that these markets are being manipulated. And contrary to your belief of free markets, the gold market does not fall within this definition. Free markets are not markets where governments announce the sale of 415 tones of gold prior to the sale just to cap a suspected recovery. Sales such as these are politically motivated and not market motivated. The Bank of England had years to make it’s decision to sell 400+ tones of gold, when prices were much higher. They had as much power then than they did now to make the decision to sell their central bank gold at much higher prices. So why now; why at the $290/oz instead of $390/oz; and why was it coordinated with the known proposed IMF gold sale. Sure sounds like manipulation to me. So, maybe you don’t buy that little coincident. Try this one. Free markets are based upon one buyer, one seller….all is in balance. The demand should not exceed the existing supply and price fluctuates accordingly. But, if you lend gold to a trading partner and they sell it into the market without offsetting it against a future contract, you have in essence created supply where none existed before (because the gold has to be returned to the lender). Therefore that sale is manipulating the price artificially. This is why the price of gold can continue to fall in an environment where the demand continues to outstrip the supply year over year. Eventually, the world runs out of unassigned gold and the day of reckoning prevails. This kind of market manipulation leads to extreme price swings of unsettled and uncontrolled markets. If it were just central banks selling gold into the market (a one way transaction), it would not be considered manipulation. However, these are two way transactions where gold is lent out and then sold into the market with hopes of some future gold cover. But this can not happen because supply has been created where none existed before and demand has consumed the existing supply. This is manipulation of a free market because there is no possible way that the short position can be covered by willing holders of the metal…ergo…the market collapses and the perpetrators go bankrupt and the market purges itself of the abusers. Once again the market returns to balance, but only after the write off of the artificially created supply.

Kentucky – pretty much have to agree with you. The CEO’s of mining companies have never given a rats ass about shareholders. I have no doubt the banksters are trying to bankrupt every last one of them and they deserve it! Now, whatever meds you’re on, do you mind sharing? 🙂

Silverngold – Karen Hudes has SEVERE MENTAL PROBLEMS. There is nothing right about her. How she has become an internet icon is beyond me.

This goldbug has a different take.  Before retiring made most of my income dealing with tech stocks.  But from 2002 to 2006 decided to place most assets in precious metals as an insurance policy.  In 2011 Armstrong made the case for gold’s decline.  I did not act on this because of the historical nature of fiat vs gold and the 28% precious metals tax.  Perhaps if I were younger I’d play Armstrong’s trading advice .  I do like his comprehensive monitoring of world-wide capital flows and inter-related markets.

https://youtu.be/Wx_OKPl27s0

This industry has never in history done anything for long term investors.  It is only for the benefit of miners and management and bankers.  The miners are always wanting more.  Management takes huge salaries and never works for the benefit of shareholders and there is so much corruption at every point along the way.  It should be destroyed as should banking as we know it today.  They are both evil enterprises.  If there was a way to bring integrity to either industry then it would make sense.  There is no IBM of Mining.  It grew at 17% per anum for 40 years.  Mining destroys the environment.  Consumes labor,takes huge amounts of capital and produces door stops.  It is a terrible business on all fronts.  Name a redeeming quality.  JMHO

All Americans – conservatives and liberals – want their families to have access to safe food.

Polls by ABC news, Associated Press and other major organizations show that Americans overwhelmingly want genetically modified foods (“GMOs”) labeled … and don’t believe that GMOs are safe.

A poll by Pew Research Center finds that two-thirds of Americans think that scientists don’t fully understand GMOs, and therefore cannot guarantee people are safe if they eat genetically modified food

Indeed, most independent scientists – ones not making money from the GMO food manufacturers – say that GMO foods are very concerning.

For example a new study commissioned by Norwegian officials and conducted by a scientific authority on the safety of biotechnologies concludes GMO crops lack scientific data to prove their safety. And see this.

And a poll shows that 68% of American and Canadian doctors think that GMOs should be labeled.

No wonder Vermont, Connecticut and Maine have voted to require GMO food labels in their states.

So how does our bought-and-paid-for Congress react? By banning GMOs until further studies are conducted? By demanding labeling of GMOs so consumers can decide?

Of course not!

The House will pass a bill today forbidding states from requiring GMO food labeling, or from banning GMOs within their states.

Just like with the TPP, Congress couldn’t care less about what the American people want … or what’s good for the country.

Conservatives support states rights. Liberals support federal action to protect our health. And all Americans support our right to make informed purchasing decisions.

But Congress only answer to its owners.

Remember, the big GMO food produces like Monsanto have already gotten their Congressional lackeys to pass legislation which strips American courts of their power.

Postscript: This is similar to what the Feds did in the run up to the 2008 financial crisis. As former head S&L prosecutor Bill Black – now a professor of law and economics – notes:

The Federal Reserve Bank of New York and the resident examiners and regional staff of the Office of the Comptroller of the Currency [both] competed to weaken federal regulation and aggressively used the preemption doctrine to try to prevent state investigations of and actions against fraudulent mortgage lenders.

Liberals and conservatives tend to blame our country’s problems on different factors … but they are connected. The real problem is the malignant, symbiotic relationship between big corporations and big government.

http://www.zerohedge.com/news/2015-07-23/congress-will-vote-today-destroy-states%E2%80%99-rights-protect-our-food-supply

“This industry needs to be destroyed completely never to return again.”

Misplaced your meds? 🙂

I can see why some or many lol are reacting to his predictions on gold going down and that he got  out of jail free card although should he even been there?

I see in some way the opposite that being in jail made him realize what the little guys are going through on a daily basis. That he is in more touch with the people since then not the opposite. I don’t have to agree with all his beliefs like raises will hurt businesses but they have been raising prices but not wages and he mentions he needs staff and they need to be paid and have to make a living so probably knows they can’t live on current minimum wage. Guess depends on just how high they raise it.

I’m sure he is under pressure and they watch his blog and read his enails. It could also happen to anyone. I have three FB ” Agents” wanting to friend me wondering over vaccine saftey. Three,  and if you ask any questions like where their from they don’t answer. So if I dis appear  you’ll know why. Lol

So far but watching Armstrong is not bearish gold and pre warned of a correction as well in Europe. He called the same lows as that guy Mr Cooper talked to and possibly going user a 1000 that then people will be calling 6-700 gold next, the shorts will pile in then and it will reverse. Guess that would be a short squeeze which could mean it could rise fast and become volatile. We’ll have to watch.

At the same time he’s fighimg gold promoters so to speak Im hearing the opposite from gold haters. Retired gov workers passing out cigars acting like they could care less if the whole world is falling apart as long as they get their pensions. When I left a message to a nurse friend who is from Japan who still has relatives there as well as PM possibly nearing bottom her husband who monitored all her texts can get them on his phone who HATES gold threatened to divorce her if she bought it but was asking me where she can buy some with the little money left over after bills. Won’t repeat what she said. Lol  He was saying things like the sky is falling repent and made jokes about the christians being killed mocking God,  G-D  saying God will take care of them which I don’t know where that came from. Plus the same old excuse you can’t eat gold. Well you can’t eat paper or stocks or houses or other tangables  either so think of a better excuse dude. These people want gold to go down or be destroyed so they can act like they know more than others about it including Armstrong but know nothing and that it’s a bad investment. So while Armstrong is seeing one side Im and probably others seeing the other who arecpredicting and even bash it all the way up to the same old in either direction they will eventually be right. That gold has no place in their world and want to dictate to others in their brain dead  gov dependent manner, I’m not that emotional about the stocks but after this last few years and seeing the opposite and where the seemingly real arrogance and narcissistic apathy for the rest of the world  I can’t wait for it to turn. Couldn’t happen to nicer type guys.

Just sticking my nose in for a moment.  Marty has been right about the price of gold for awhile and is to be congratulated.  His condemnation of the Gold promoters such as Kingworld News is justified.  He does say that it is going to get slaughtered then rise from the ashes.  That would fit with what most bears are saying.  The annihilation of the gold companies is deserved because of  management and greed.  This industry needs to be destroyed completely never to return again.  The gold that has been mined can then reach a realistic price.  JMHO

Route selection for roads and pipelines in ice-rich soils was a challenge when I had the opportunity to work in that field of investigation in the Northwest Territories, Nunuavut, and Northern Yukon. Of the many cases of melting ground ice that I have seen, none were as eye-catching as the one shown in the link below.

http://www.24news.ca/the-news/canada-news/148851-melting-permafrost-is-about-to-push-this-lake-off-a-cliff-perched-nearly-200-metres-above-a-nwt-valley

and I’m sure most here have had it cross their mind … but if China is intent on amassing as much gold as possible at a low price, then it makes sense for them to try and influence the price lower … such as declaring that they own much less gold than they do. It just makes sense.

and that’s to spread BS and disinformation. mislead fools and collect subscription dollars. If he we’re a genius, like some dumb arses think he is, he wouldn’t give a rip about helping others. He’d just want to make himself richer and richer at any cost. It wouldn’t surprise me to see that he trades positions exactly opposite as he calls them, shearing sheep

Last time this was not a bullish divergence-a plunge happened Sunday nite…

World financial markets are like a pie crust stretched across the roof of a volcano!

Warbucks signals the trusty Punjab to cut the cords of the rope bridge!

Fu Manchu pulls the lever to the trap door!

Grease the skids, Happy Tobogganing!