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

buy any calls on G&S stocks?? The true believers? I used to think smart money was buying–but smart money has been losing money for the past 4 yrs…[i bought some calls a few days ago and go my ass paddled but don’t tell anybody]

http://business.financialpost.com/news/mining/silver-wheaton-corp-shares-slump-10-on-possible-tax-reassessment-payments-of-more-than-200m

This is from my good buddy Dave Stockman=

The Germans have an impolite term for what that adds up to—- einen shitschturm!

And it will be a doozy. What the referendum did was to force the troika con job out of the accounting shadows. The Greek people now fully understand that it was not they, but the European banks and bond funds which were bailed out by the troika.

a write-down of Greece’s £270 billion debt mountain was now ‘off the table’ after the referendum.

Next, throw into the mix prime minister Tsipras once again trolling around Putin-land for an alternative source of money; a German government which cannot even discuss a third bailout deal prior to a favorable resolution from a hostile Bundestag, which also happens to be on recess; and an open breach between Angela Merkel and Francois Holland on the core matter of a debt haircut and accommodation of Greece’s demands for relief from the troika memorandum.

The latter shatters the very Franco-German alliance on which the entire rotten troika bailout regime has rested.

And the taxpayers of Europe now understand that it is they who are on the hook, not the Greeks who can’t and won’t pay; and not the Brussels apparatchiks, who committed them to off-budget guarantees that they falsely assured would never come due.

Yes, Germany is liable for 95 billion euros via bilateral loans, the EFSF and its share of the ECB advances to Greece. Then comes France with 72 billion euros of claims against its taxpayers and Italy with 63 billion euros of liabilities.

The latter happens to amount to 4% of Italy’s GDP, which is still 10% smaller than it was in 2007. But when it comes to the debtors dystopia called Europe—who is counting? The Italian state already has public debts of 2.1 trillion euros (130% of GDP) and a government which has been absolutely paralyzed for years.

But here’s the thing. When the Greek due bills come to its parliament, the anti-euro opposition parties, led by Beppe Grillo’s radical Five Star Movement, will have a field day. They will ask, quite appropriately, how was it that the giant, insolvent wards of the French state, otherwise known as universal banks, were able to reduce their exposure to Greece from 78 billion euros in 2009 to only 2 billion euros at present by transferring the cost to, among others, Italian taxpayers!

Home

I too have tried to connect… they were working earlier… but not now!

Well… is this going to be the final gold, gold stock capitulation before things turn around and the new, old bull resumes??   PM stock prices are getting close to wash out status….

Why does the US mint always seems to run out of silver when the price goes down dramatically??.. quite comical…

One interesting thing I am watching is that gold is doing well many other currencies… ie in Canadian dollars… it is like at $1470… so for me being a Canadian… it has been a good hedge against the Canadian dollar…  unfortunately it seems Canadian gold mines… where their expenses/revenues are in C $ … should be performing much better then say US mines… but their prices usually only reflect US$ gold price … more… hmmm….

islandgold ………  waiting for the gold/silver bull to return!!

A new study from George Mason University’s Mercatus Center confirms what many of us already knew:

Liberal “blue states” are fiscally irresponsible.

In fact, 11 of the 14 least fiscally solvent states are also on the list of the “dirty dozen” most liberal blue states. In descending order of fiscal irresponsibility, from 50th to 37th, here’s the list of fiscal shame:

#50 ILLINOIS
#49 NEW JERSEY
#48 MASSACHUSETTS
#47 CONNECTICUT
#46 NEW YORK
#44 CALIFORNIA
#42 MAINE
#40 HAWAII
#39 VERMONT
#38 RHODE ISLAND
#37 MARYLAND

The 12th state in the “dirty dozen” list—Delaware—does not fare particularly well either, placing 30th out of the 50 states.

http://www.breitbart.com/big-government/2015/07/08/dirty-dozen-liberal-blue-states-going-broke/

I get “This page can’t be displayed”

…. connection  to Zero Hedge.

i get message:  “CONNECTION_REFUSED”.

NEMO

[FYI-THIS JUST IN FROM REUTERS=]

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

Now Everybody Sing= “World mkts are like”…etc etc

Folks, we stand on the verge of the global credit markets coming to a grinding halt. In our current world, NOTHING that we consider “normal” will transact or transpire without credit. Our lives will change literally overnight without credit. We are about to live through a massive wildfire of credit values burning to the ground, gold and silver will still be standing when the smoke clears. It is completely laughable to see gold and silver forced down when the fear of credit collapse is rising. Mother Nature doesn’t work this way, central banks wish she did! I hope you have the will to “see through it”, the coordinated efforts to support paper markets and suppress gold and silver have been truly impressive. The currency of the biggest, most indebted and “brokest” issuer in the world is attracting safe haven bids. I assure you, once control is lost and we go into all out panic, even those pulling the levers will be moving against their own central banks!

Standing watch,

Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com

Doesn’t look like they’re going to let this little bounce hold.

Nothing says “things are fine” like weak pm’s.

when isis coulumns came over the syrian border to iraq why didn’t we send out gunships [firing 6000 rounds per minute] and make mince meat out of them? we let them infect the cities-now we would have to go door to door and block to block to get them out–or just flatten the cities-they were deliberately allowed into iraq for what purpose i can only guess…

also interesting that u.s. stocks are down while euro stocks are up–but they look like they have no conviction and will roll over soon

The dramatic sell-off in China’s main stock market has continued despite efforts by regulators to try to stem the losses.

The Shanghai Composite index plunged 8% on opening, taking the drop in share values to 30% since their June peak.

On Wednesday, another 500 listed firms said they would stop trading their shares in an effort to insulate themselves from the meltdown.

Around 1,300 firms have halted trading, almost half of China’s main shares.

IG chief market strategist Chris Weston dubbed the sell-off “Black Wednesday”.

“For the first time, The China Insurance Regulatory Commission (CIRC) has admitted there is genuine ‘panic selling’ underway.

“When we see around 90% of the market suspended or falling by their daily limit (while further measures have been taken to limit the influence seemingly exerted by futures traders) you know things are becoming less rational,” he said.

more http://www.bbc.com/news/business-33438416

Golden Band Updates NI 43-101 Review Disclosure

http://finance.yahoo.com/news/golden-band-updates-ni-43-192900733.html

NOVAGOLD’s Donlin Gold Project Permitting Continues to Advance, Year-End Target Set for Filing the Draft EIS

http://finance.yahoo.com/news/novagolds-donlin-gold-project-permitting-210436999.html

East Asia Minerals Corporation: Sale of 50% of Sangihe Gold Corporation (Which Holds an Interest in the Sangihe Gold Project in Indonesia)

http://finance.yahoo.com/news/east-asia-minerals-corporation-sale-220819184.html

First Mining Completes Acquisition of Coastal Gold

http://finance.yahoo.com/news/first-mining-completes-acquisition-coastal-110000132.html

Lake Shore Gold Produces 95,600 Ounces in First Half of 2015, Company Announces Improved Full-Year Operating Outlook

http://finance.yahoo.com/news/lake-shore-gold-produces-95-115825100.html

Columbus Gold Announces Positive PEA Results on Montagne d’Or Gold Deposit; Production of 273,000 Oz/yr and AISC of US$711/Oz

http://finance.yahoo.com/news/columbus-gold-announces-positive-pea-120000274.html

Taseko Announces Strong Second Quarter Production Results

http://finance.yahoo.com/news/taseko-announces-strong-second-quarter-123000253.html

Apparently Tsipras is bought and paid for and going to throw the Greek people under the bus. Makes sense now why Varofukas resigned.

MM – $100K silver means fiat is completely worthless and gas is $1K a gallon – just sayin’

Scruffy – “Isn’t there some kind of statute of limitations on stupidity?”

No.

http://www.zerohedge.com/news/2015-07-08/greece-caves-formally-requests-esm-bailout-full-headline-and-next-steps-summary

Guess what day it is!?   Hump Day! …and a camel train
http://www.railpictures.net/viewphoto.php?id=537084

How High is High?

And here I was gunna play Hang Fire again seeing as Hang Seng is down 1200…

Eat yer heart out Donald!

hang Seng==Down 1,230.26  -(4.93%)

Shanghai=3,489.000 -238.125  -6.39%