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

In 1988 I bought a new 4WD Toyota pickup for 12,000. I have been driving that truck (it is my only vehicle) for 27 years, still on the original clutch, engine, brakes, and so on. I have replaced only the radiator and water pump in all those years.

Name me any American-made car at twice the price that will give me that kind of value.

I have read on Jim Stone that there are cars being made now, available elsewhere but not in the states, that get three to four times the MPG that we get here. We’re just not allowed to have them.

edit: And I am not ashamed!

Yes, it has popped for a day or 2 then given it all back and more

Gold rallies start on no news and leave everyone scratching their heads

Those rallies were, say, 22 to of 25 up days in a row —we haven’t seen one like that for 4 yrs–Heck, for the past few months we scarcely see G&S even print green for more that 5 minutes before selling claws the gain back

nugt is down 11.8% while Comex Aug gold is down one percent—

that is a bullish divergence I have seen a # of times before-and has preceded at least stabilization—limited dnside—and often a bounce…I dunno how we resolve this time…just sayin

Maybe if America would produce an economical high mileage precision machine like those you mentioned, rather than a piece of 5 year throwaway low mileage claptrap, Americans would be more inclined to buy their own.  Nothing accidental about what is happening in America IMO!!! All The Best to You Mr Copper, and I do enjoy your posts. ………..Silverngold

agree in principle-but we gotta keep in mind that most of the japanese and loran ones are made here now–providing americans with wages and localities with taxes–and why support GM-they are back stabbers-for 30-40 yrs they have been moving most production to canada mexico and other destinations

I’m wondering how much longer the global economy central planners (multinational corporations) will keep the dollar high. Since June 2014 now. They must have figured last June ’14, that the USA region was replenished enough, so that they could choke us off a while.

Strong dollar/lower others, makes us buy cheap, spend money but only on foreign production. At the same time, Europe Japan et al got the advantage, of selling high to Americans, importing American dollars to help them live. Its an entire welfare world now, causing welfare states here.

The global corporations need to be BOYCOTTED by Americans, but unfortunately, they are like a big dumb herd of wildebeest.

Note: Anybody driving an imported car, Honda, Toyota, VW, Volvo, BMW, etc etc etc was contributing money (paying taxes) to foreign nations to lift their living standards, and lower ours. YOU are part of the problem, and should be embarrassed driving one. YOU are a global citizen, NOT an American citizen, and should be ashamed.

The Gold price in Canadian $ is near  $1500.00 so the Canadian miners should be making money.

But the $US keeps chugging higher. Doesn’t the bible say in the last days vice will be virtue and virtue will be vice. I don’t even know why they bother with the comex. They should just post on kitco whatever they want the prices to be. Maybe they do!

SLV=Shares Silver Trust (SLV) –

14.23 — 0.12(0.83%) 1

NUGT===5.3167 –0.6933(11.54%) 12:19PM EDT

Re part:
“ONLY when the majority becomes bearish at the low do we reach that sweet spot, and it becomes time for a reversal of fortune.”

Comment:
Above should read…ONLY when the physical shortage from higher dollar/lower prices along with higher consumption becomes apparent, do we reach that sweet spot, and it becomes time for a reversal of fortune.

Note, artificially higher than normal home prices (low rates no doc, liar loans) caused a glut. High prices cause less consumption with excess production, until the sweet spot rotation is reached.

There should be a rotation out of regular stocks and into natural resources soon.

Are u thinking about how o.s. they are? about the deep black pessimism towards that sector? maybe u recall how triple bottom breakouts break thru briefly and then reverse up-that’s called a bear trap…heck, it’s happened the past 3 times gold was in this area…

when one buys a situation like this he is not buying because he expects G&S to hold and go across the page for 3-6 months-he buys with an expectation of a strong bounce in a bear mkt–or if he’s really lucky, catching bottom tick and a new bull mkt…

but how do u take a stab with minimal risk…? let’s take SLV fer instance @ $14.42-say ya buy 10K shares at $142,420 and by the end of just today it’s $14–yer out $2400…[why SLV and not NUGT, u may ask–here’s why=if gold goes silver will go–and NUGT call options are waaaaay more expensive]

on the premise that u expect G to rally out of this hole and not just hold in this area for months, u can buy 100 slv Sept $16 call options for $1500–that way u have a 10,000 share exposure just in case-a bit out of the money, true-but not way out-but why buy closer and increase your total risk? if u set a mental stop loss at 50%, then u’re out only $750 and commissions-Sheeeet! That’s Saturday night boogie money! …and even if u just ride it out, $1500 isn’t the end of the world–and 60 calendar days till expiration in trading is an eternity-lots can happen….

Personally I expect G&S to break to new lows and am not buying any long side exposure–even for a “what if” trade-but for anyone with heavy short side exposure this could be a cheap partial hedge–or just for anyone who fancies themselves a contrarian–DYOD

PM equity holdings for which we do not plan to capitulate remain as they have for quite some time now: Silver Wheaton, McEwen, Sandstorm, American Silver, Endeavour Silver, First Majestic, and Lakeshore.

p.s. Buy physical silver. Cheers. Equiz.

yeah, I think that’s true but let’s not forget, the players that are left are entities that can stay short without ever having to cover their positions.

I’ve got to step out for awhile, can’t take this shit anymore.

it’s always darkest before the dawn.  always?  yes, always.

Could it be that 4 horrible years have driven all but a very few from the sector?

Those that remain are probably here on the forum.

Sometimes we go hours without a post.  kinda like squeezing blood from a turnip – not many left to capitulate.

Concur with you about sentiment – ditto.

Here’s the thing that bothers me. I’m not seeing any sign of capitulation. Volume isn’t great, no sign of a reversal anywhere. It looks like sentiment is about to get a whole lot worse.

That China holdings news was about the worst thing that could have happened, that, and of course the Greece thing that was supposed to topple the derivative market and cause chaos was a joke.

I don’t see a bottom anywhere.

Every so often they would let PMs rise, to harvest a new batch of suckers. Rinse, repeat. Rinse,repeat. Now PMs are relentlessly being ground down. To what end?

How is that working out for you?

Armstrong says: ” At the bottom, the opposite unfolds for everyone will be short. They will pile on looking for $600 gold and will count their profits upon entering the trade. They become the fuel to send the market higher for it always begins with a short-cover rally;…….. So yes, the majority must always be wrong. That is how highs and lows are established. Going into the low, the vast majority of analysts will flip to bearish”

Murphy says “sentiment is as low as ever”

I’m inclined to agree with Murphy.  I know I am as disgusted as I have even been.  and I am a true believer.  If we are not at the rock bottom, we are close.  When the last Bull sells there is no where to go but up.

He’s not wrong.

What did you post about Murph last night? “Sentiment is as bad as I’ve ever seen it and understandably so”?

No shit Bill.

Boo Hoo! I SHOULDA  bought priceline for $2 and held….I COULDA been a contender….I WOULDA….etc etc

So Who is Still Long in Gold?

Posted on July 17, 2015 by Martin Armstrong

As you move into a major low, it is not about who is still long, it is who is short. As gold capitulates and spirals lower, the gold promoters are running out of nonsense to justify it rising while the world is declining. What happens is two aspects. Those who have been long lose their shirt, pants, house, wife, kids, the car, and the dog. The buy-every-dip-average-in advice becomes toxic, just as it did during the Great Depression in stocks – hold now for new highs by year-end is always the prediction. So yes, the investors married to the trade typically lose everything and when the cycle changes, they likely will not buy again unless new highs come into play for they will say, “No thanks, been there done that.” Any rational person can analyze the sales-pitch about fiat and hyperinflation and see that they existed for 19 years as gold declined. Such fundamental analysis scenarios always crumble to dust and fall to the ground for they are never true to the history of events.

At the top, the majority is long and they become the fuel to make any market crash and burn. Shorts and conspiracies do not force markets to decline; it is always the LONGS themselves. Someone whom is long sells because he cannot hold and each has a different pain threshold. The market crashes for there is no bid. It takes courage to try to catch a falling knife. Again, this applies to ALL markets.

At the bottom, the opposite unfolds for everyone will be short. They will pile on looking for $600 gold and will count their profits upon entering the trade. They become the fuel to send the market higher for it always begins with a short-cover rally; people continually try to sell each rally, looking for that new low, just as the people at the top remain convinced that a decline would follow with new highs.

So yes, the majority must always be wrong. That is how highs and lows are established. Going into the low, the vast majority of analysts will flip to bearish. Even the gold promoters will fade for nobody will listen to them again. Look, in 2011 when we warned gold would crash to under $1,000, every name in the book was hurled at us. Gold promoters refused to interview us or report the forecast. Many spent hours trying to say that they were right and we would be dead wrong. It was always casted as a war against fiat. Every excuse from no gold in Fort Knox, to market manipulation by banks, to China would be a real market and make its currency backed by gold as Shanghai destroyed paper gold. The scenarios were endless, but never realistic. Not one stitch of proof exists to point to such a scenario ever taking place in history. Yet they seriously hurt the market and ruined the financial future of many innocent people who trusted them.

ONLY when the majority becomes bearish at the low do we reach that sweet spot, and it becomes time for a reversal of fortune. Then on the initial rally out of the ashes, nobody will believe it. Just look at Barron’s and how they reported our forecast back in 2011, stating that the stock market would make new highs. They did not believe that we would be correct because the majority was looking for new lows. When we predicted that the stock market would exceed the 2007 high, many laughed at us, just as they did when we predicted that the gold crash would unfold for 3 to 5 years.

I guess we are not out of the woods, yet.  The Royal Canadian Pacific “Beaver” cuts through the woods at Golden, BC.
http://www.railpictures.net/viewphoto.php?id=537958