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

Think even those following this move up are stifled how fast it’s moved which can make you guarded.

Who’s to say that they can’t stay overbought for the same amount of time?

AUY Weekly

Don’t pass this one by. In the first few questions is a very good discussion on precious metals and the reason for owning them.

You can bet that the Chinese PTB will be moving Heaven and Earth to try and get their SM up when it reopens. Today’s action here gives them some hope. If they are down Monday then … yikes!

Not a bad day for us. What pullback? … and with the dollar stronger too! 🙂

KABOOM!!! Are You Ready For Reality?

Posted February 11th, 2016 at 5:47 PM (CST) by Bill Holter & filed under Bill Holter.

Dear CIGAs,

Hopefully you have read between the lines of my writings over the last few weeks and felt the urgency of the situation. Markets all over the world are coming apart at the seams and “control” is rapidly being lost. I would like to mention, over the years there has been one “rule” never broken. Almost ALWAYS, whenever the president of the U.S. speaks, or whenever the Fed meets and issues a policy statement …or whenever the Chairman of the Fed speaks …”control” is at its greatest.

What have we seen this time? Janet Yellen testified yesterday and is doing so again today. The markets have come unglued. In particular, gold is now up $56 dollars for the largest gain since 2009 http://www.telegraph.co.uk/finance/personalfinance/investing/gold/12151847/Market-panic-pushes-gold-buying-to-highest-level-since-financial-crisis.html. Mrs. Yellen is now out of her league as many of her comments are not making sense and are actually contradictory of what she may have just said.

For example, her prepared remarks speak of tightening rates at future meetings. She was asked “is the Fed out of bullets” and she goes into the talk about negative rates. “Negative rates” are NOT ammunition. Negative rates are outright panic and desperation. I would also mention, the Fed has been at zero percent rates for 6-7 years, any lower rates (negative) are at this point the only plan B. But Mrs. Yellen said yesterday (and probably again today) the Fed does not know the “legality” of negative rates. How is this even possible? They have had all these years to research negative rates …yet to this day she doesn’t know if it is even legal? I would also add, Mrs. Yellen is so clueless she does not understand their rate hike was the spark that lit this thing up in the first place. Please don’t get me wrong, the fire was going to start somewhere, I just didn’t think the Fed would be the one striking the match!

Folks, let me put this into plain speak for you. If to this day the Fed does not know if negative rates (which has been a potential topic for well over two years) are legal, does this mean there is no plan “B”? Actually, does this mean there HAS BEEN no plan B all along??? Legal or not legal, were the Fed to move to negative rates, a “run” on everything will occur. A run on the banks and a run on the currency and thus a RUN ON THE CENTRAL BANK ITSELF! The big problem is this, the dollar is the lynchpin “reserve” currency for the entire world, what would it say if we had to move to negative rates …because NOTHING ELSE WORKED?

Of course, negative rates are a hypothetical at this point. I say “hypothetical” because the markets must be open in order to even try this “plan B”. You can now completely forget about technical levels for anything and everything as fundamentals are trumping everything. In case you do not understand what I am saying here, the fundamentals of “BROKE IS BROKE” will trump buying the dips, selling the rallies blah blah blah. We are at the point where “trust” is breaking down and “get me out” at any price is beginning to take over.

Much of the selling is being forced. As I wrote three or four weeks back, this is a margin call which is now self-propelled in motion. Sales to meet margin calls are further depressing asset prices and creating yet more calls in a reinforcing and now a continuous negative loop. As I mentioned above, “control” is being broken and with it the thought process “the government will never let it happen” is also being broken. As everything financial is “levered” or done with borrowed money, how much larger are the actual losses to “equity” and how much longer can it go until we see trading defaults? This I believe accounts for gold’s huge move today. Gold cannot “default” and default is exactly where the entire system is headed. You are now getting the answer to your question of where capital will flee once REAL FEAR begins because the levers don’t work anymore!

Let me finish with this, you are watching the system implode upon itself. At a time when liquidity on a global basis is very tight, a global margin call (created by the Fed) is being issued. They have started a process in motion that will not be stopped. The morning will soon come when markets simply cannot meet the call and will not open. At this point, credit of all sorts will freeze up. The stark reality that has been hidden for so long by so many “tricks” will finally hit the world square between the eyes like a 2×4! As we have tried to guide you for so long, the “day of reality” is arriving and the “reality” is truly ugly. Are you ready for reality?

Standing watch,

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

http://www.jsmineset.com/

edit by wj. was 1150 and cannot exceed 600. double click for reading.

Our banks pull all the same scams, they don’t have to mark to market and of their non-performing assets, so their balance sheets look good.

If they’re broke, just change the rules and paper over any problem. That seems to be the western system we live in.

I want that deal.

looks like its going to SLIDE until the Middle of March..thats should be good for GOLD & Silver

of softness(thats all it is) to accumalate more stocks  ..get ready for a nice Run into March

Re Deutsche bank buy back…..they have to use Capital…which reduces their capital base and thus weakens them even more……but the ECB allows them to deposit the bought back bonds as Capital…..so effectively bails them out, which is illegal under it’s charter….but this kind of scuzzy scheme goes unchallanged. !!!!

Italian and other Club Med banks have been doing this kind of thing for a while…..but it comes to something when Germany’s biggest bank, has to rely on accounting scams, ala the Club Med gangsters, to try and stay afloat……I suspect a depositor run has already started, which is what killed Lehman and Bear Stearns etc.

Other than a little pullback in gold this is really strong action in the shares.

I’m a little surprised SM shorts would be covering into a long weekend, Sunday night could be interesting when China is back open.

Yep, looks like a bull market to me.

http://finance.yahoo.com/news/first-mining-acquire-clifton-star-145544939.html

“Overbought”

We don’t need no stinkin overbought! 🙂

but don’t look now the dippers appear to be playing with the shares this am

Major powers agreed on Friday to a “cessation of hostilities” in Syria to begin in a week, doing nothing in the meantime to halt Russian bombing poised to give government forces their biggest victory of the five-year-old war.

If implemented, the deal would allow humanitarian aid to reach besieged towns. It has the potential to be the first diplomatic breakthrough in a conflict that has fractured the Middle East, killed at least 250,000 people, made 11 million homeless and sent hundreds of thousands fleeing into Europe.

But by allowing fighting to rage on for at least another week, it gives the Damascus government and its Russian allies time to press on with an offensive that has transformed the conflict since the start of this month.

more http://www.reuters.com/article/us-mideast-crisis-syria-agreement-idUSKCN0VK2NT

Thought he was joining us. Wanka scare him off already?

I guess your right!

I think most do their own homework, you ought to try it sometime, maybe you’ll learn something instead of resenting those who do.

Armstrong, posted yesterdag: Our Opening Pivot Point for gold tomorrow is still above the market just yet coming in as 1272.40 while in the Dow it lies at 15497.74. In the Euro it rests at 1.1381. Keep in mind this current trend can continue into Monday. So in gold watch the 1309 level, 15370 last year’s low in the Dow with key support at 13100 and important resistance in the Euro at 116. The more extreme we get, the higher the probability this has run its course very quickly in line with the February Panic Cycle.

Must be old home week! 🙂

“Riddle me this. How does a broke bank buy back debt?”

They borrow the money you silly wabbit! 🙂

Taseko Seeks Damages From Government of Canada – Files Civil Suit in BC Supreme Court

http://finance.yahoo.com/news/taseko-seeks-damages-government-canada-123000376.html

Nevsun Outlook Provides 2016 Production and Cost Guidance

http://finance.yahoo.com/news/nevsun-outlook-provides-2016-production-221000152.html

Franco-Nevada Announces Increase to Previously Announced Bought Deal Financing to US$800 Million

http://finance.yahoo.com/news/franco-nevada-announces-increase-previously-151848038.html

http://www.cnbc.com/2016/02/11/mark-cuban-like-everybody-else-im-confused.html

“Strong Bank” Deutsche Bank Rallies On Modest Debt Buyback Plan

Submitted by Tyler Durden on 02/12/2016 – 08:34

Deustche Bank stock is ripping 10% higher after confirming old news that it will undertake a modest debt buyback of $2 billion and €3 billion (not including the CoCos). Have no fear though as the CEO proclaimed Deutsche Bank is a “strong bank” that ios “resilient” and “well positioned.”

about in-line which really means “better than expected” so we have to give a little back after yesterdays’ strength

Nothing too crazy though, a dead cat bounce in the USD and big bear market bounce in oil. We’ll have to see if the big money dumps into the strength.

It would have been a huge surprise if we had follow thru after yesterday. Maybe a chance to reload.