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

Interesting article about Druckenmiller, he is a smart dude but I wonder if he knows that GLD has no gold? Hopefully the paper charade will continue long enough for him to make about a 1000% before cashing in his chips.

Looks like a gift from HAARP!!

but I’m happy to see we’re getting this nice thundering soaker today. Hasn’t rained in several months.

It’s the blue skies I tell ya!

Have a great weekend everyone

http://www.wunderground.com/radar/radblast.asp?ID=LGX&region=a1&lat=46.99085999&lon=-122.87387848&label=

http://www.zerohedge.com/news/2015-08-14/tianjin-after

Its all propaganda. The Yuan and dollar are 99% pegged. You can see in on the Kitco site. A link showing gold priced in Yuan and Dollars. They problem they may be having is…

If the dollar is the leader and goes way up, 80 to 100 like it did, the Yuan does the same thing, goes way up, drops prices. Or if its vice versa. If Yuan is the leader, getting the market respect and goes up it drags dollar higher, lower prices.

I think they may have originally pegged the dollar to the Yuan on purpose to protect (lock in) all the huge corporations that got tax incentives and an advantageous pegged exchange rate to avoid big losses after moving entire plants and industries over to China.

A 1% 2% or 3% devalue move in microscopic. Meaningless, structurally. I did some research one day on how much Yuans a worker needs to live, cross referenced it to dollars, took out a calculator and figured the Yuan is at least about 50%-75% UNDER valued. Dollars should be one dollar for three Yuan not one dollar for 6-7 Yuan.

See the peg for yourself. Click on “Chinese Yuan” L/S and 6 months and one year.

http://www.kitco.com/gold_currency/index.html?currency=cny&timePeriod=6m&flag=gold&otherChart=no

http://www.powerlineblog.com/archives/2015/08/hillary-taking-fire-in-the-popular-culture.php

It has Special Drawing Rights and is a RESERVE Currency  ,but has become a Cheap Labor Country with millions unemployed !   and continues to import cheap labor .How long can the DOLLAR sustain a high value  if  it doesnt export !  It imports too much ! What gives it its value ? Does it hold a lot of GOLD ?       Maybe its the Military and the fact that we dont throw BOMBS at each other    !    Maybe its the SHORT SELLERS  that can “SHORT SELL” any other country that challenges us… and drive them down…..That must be it ..”the short sellers” is Americas  ACE in the HOLE” …

if they are denied “special drawing rights”   backing their currency with a high amount of Gold then others may hold RMB just like they HOLD SWISS FRANCS  as ASSETS  ..  but the RMB has to have staying power  and maybe instead of devaluing may have to revalue like the Swiss did not too long ago to get there.    That is to say it has to have high value to be included as an asset ..otherwise its just another cheap labor currency that must export.

The Great China Ponzi – An Economic And Financial Trainwreck Which Will Rattle The World

snip

At the end of the day, that’s all the Beijing suzerains of red capitalism have actually done. They have not created any of the rudiments of viable capitalism. There are no honest financial markets, no genuinely solvent banks, no market driven allocation of capital and no financial discipline which comes from the right to fail as well as succeed.

There are, for instance, 287 million equity trading accounts in China, most of them opened within the last year and overwhelmingly held by retail punters with sub-high school educations. In less than 12 months they took down upwards of $1 trillion of margin debt through official brokerage channels and a massive network of shadow banking sources including dodgy peer-to-peer lending arrangements.

So fortified, they clambered after a stock market bubble that expanded by $3 trillion in just 60 trading days ending on June 14, and then broke into a panicked selling stampede that liquidated that very same $3 trillion of bottled air in hardly 20 trading days thereafter.

Then the state sent out the paddy wagons to arrest and intimidate the panicked sellers and threw-open the central bank’s credit lines to fund hundreds of billions of unwanted stocks. That is not capitalism, red or otherwise; it’s desperate, mindless madness.

http://www.zerohedge.com/news/2015-08-14/great-china-ponzi-economic-and-financial-trainwreck-which-will-rattle-world

to announce increased gold holding every week to keep their stock market from collapsing .The economy ,the Stock Market,the money supply are all linked to GOLD ..They probably have the GOLD that they acquired while the US subsidized them by keeping prices low .The Chinese out foxed the US by not reporting at once when they gathered the required gold ,but continued to gather it  logically thinking if its so important to become a member ..this Gold ….them more must be better !   Then the US denied them special drawing Rights ! the deception !…but were out foxed by the Chinese who dont need the special drawing rights since they already had the GOLD.  The extra GOLD was their ACE -in-the HOLE ..

The Golden RULE..”He who has the GOLD,makes the RULES”

Pretty good stories with lots of Govt dishonesty, stupidity, and “coincidences”. IMO well worth the time to become informed.

http://www.miningweekly.com/article/greek-court-decisions-allow-eldorado-to-accelerate-skouries-construction-2015-08-13

If he keeps being a good boy perhaps they’ll reward him with a Junior NSA Ranger Badge!

Pretty funny. Trust in God er Armstrong

I guess the USD isn’t going to rollover. The rout is on. Silver had some nice gains erased in about two minutes.

On Hitlery,

A good insight from a X tea party because GOP are now ineffective and controlled by money is now a patriot and probably probably right. He is probably right and sums it up.
Like always, the stories sprouting from Hillary’s server mess all head the wrong direction because of party/media spin.
This is not about her crimes. The server story sat for 5 months until exploding now as news again. Ask yourself why?
First understand Dems want Hillary gone but the GOP is ineffective slowing her. So Dems do it. Right now donations flow and Hillary is getting big and small donations her Democrat enemies want. So the DOJ is ordered to get the server now so her donors shy away. These things are ALWAYS about money.
Who really thinks this administration is suddenly concerned with integrity and law? If so they would not have let her scrub the server.
Don’t expect crooks to prosecute crooks. Expect tbem to fight dirty for the cash.
And that is what this is really about.
They are defunding her. No one in there cares about crime.

http://finance.yahoo.com/news/aurcana-reports-q2-2015-financials-130000053.html

GoGold Announces Net Income of US$2.1 Million for Quarter ending June 2015

http://finance.yahoo.com/news/gogold-announces-net-income-us-132500866.html

QUESTION: Dear Mr Armstrong …

An associate emailed me and asked me if I knew what PPT was?
I told him …. I did not and to elaborate.

He emailed me back saying PPT = plunge protection team!

I then googled it and it seems some people actually believe that the fed/US gov. have some mystical organisation called the PPT that buy the market up and stop it from falling. It seems this is what some believe happened today!!

That’s why the market reversed so hard! LOL

I know I live a pretty isolated life trading markets watching very little TV and only reading your blog whilst eagerly anticipating Socrates JR but to say this “PPT” exists is just nuts.
Its amazing what people will convince themselves.

….

Thanks again for all your help. Glad to hear your in India I am of Indian origin although born here in the UK.

Take care

Regards
M.S.S

ANSWER: You are correct, as there is no PPT. This is precisely the sort of conspiracy theory that creates investigations every time. There are people who need to believe in powerful groups whom control everything for they need that image to justify being wrong. They say if God did not exist, man would create one. They have been doing that since Babylonian times. The same takes place in markets.I guess

like I think it might, we could have a very nice day. We’ll see.

Industrial Production Rises Most Since November After Significant Downward Revisions

Submitted by Tyler Durden on 08/14/2015 – 09:27

Thanks to some considerable negative downward revisions, Industrial Production In July rose 0.6% (double expectations of a 0.3% rise) – the biggest MoM rise since November. However, year-over-year IP growth is flat at 1.3% – hovering at its weakest since the last recession. We previously noted the surge in inventories, which likely spurred this false dawn in IP, however, it is the rise in oil drilling – the first time since September – that raises an eyebrow as entirely unsustainable amid collapsing prices.

In contrast ISM fell.

Part of the old “Rio Grande” (Denver & Rio Grande Western)
narrow gauge system into the mountains survives yet today
as the ‘Cumbres & Toltec Scenic Railroad’. These old boilers
claw their way up steep inclines to crest 10K elevation
Cumbres Pass. Gata be gold in them thar hills!
http://www.railpictures.net/viewphoto.php?id=542365

I wish I had some money left to double down on my miners because I think Embry might be right.

Sabina Gold & Silver Announces Q2 Financial Results

http://finance.yahoo.com/news/sabina-gold-silver-announces-q2-162419243.html

Shore Gold Inc. Announces Second Quarter Results

http://finance.yahoo.com/news/shore-gold-inc-announces-second-180600533.html

Silvercorp reports Q1 fiscal 2016 financial and operating results

http://finance.yahoo.com/news/silvercorp-reports-q1-fiscal-2016-203000901.html

Seabridge Gold Files Second Quarter 2015 Report to Shareholders and its Financial Statements and MD&A

http://finance.yahoo.com/news/seabridge-gold-files-second-quarter-204500733.html

Gran Colombia Gold Announces Second Quarter and First Half 2015 Results; Reports Production Improvement and Further Reduction in AISC to $904 per Ounce

http://finance.yahoo.com/news/gran-colombia-gold-announces-second-205000960.html

B2Gold Reports Second Quarter 2015 Results

http://finance.yahoo.com/news/b2gold-reports-second-quarter-2015-215803872.html

Pan American Silver Reports Increased Silver and Gold Production and Lower Costs for The Second Quarter of 2015 and Declares Third Dividend of The Year

http://finance.yahoo.com/news/pan-american-silver-reports-increased-021900898.html

Atlantic Gold Files NI 43-101 Technical Report in Respect of Its Moose River Consolidated Gold Project

http://finance.yahoo.com/news/atlantic-gold-files-ni-43-033239512.html

Serabi Gold plc (“Serabi” or the “Company”) Unaudited Interim Financial Results for the three and six month periods to 30 June 2015 and Management’s Discussion and Analysis

http://finance.yahoo.com/news/serabi-gold-plc-serabi-company-060000166.html

Lake Shore Gold Acquires Additional Equity Interest in IDM Mining Ltd.

http://finance.yahoo.com/news/lake-shore-gold-acquires-additional-100000810.html

Canadian Zinc Reports Financial Results for Second Quarter 2015

http://finance.yahoo.com/news/canadian-zinc-reports-financial-results-100000269.html

Argonaut Gold Announces Second Quarter 2015 Revenue of $44M; Quarter End Cash Balance Increases by $3M Excluding Payment of $23M to Finalize the San Agustin Purchase

http://finance.yahoo.com/news/argonaut-gold-announces-second-quarter-113000692.html

Americas Silver Reports Second Quarter 2015 Financial Results

http://finance.yahoo.com/news/americas-silver-reports-second-quarter-120000358.html

Benghazi Bombshell: Clinton State Department Official Reveals Details of Alleged Document Review

Benghazi Bombshell: Clinton State Department Official Reveals Details of Alleged Document Review

Surely it just a matter of time before she is arrested…..plus with all this baggage she wouldn’t stand a chance in any debate, the Dems have to dump her or they lose big time.