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

In a landmark discorvery, ripples in space and time first hypothesized by physicist Albert Einstein a century ago have been detected, with scientists suggesting that the observation of these gravitational waves could now open a new window for studying the cosmos.

The researchers said they detected gravitational waves coming from two black holes —extraordinarily dense objects whose existence also was foreseen by Einstein — that orbited one another, spiraled inward and smashed together. They said the waves were the product of a collision between two black holes 30 times as massive as the Sun, located 1.3 billion light years from Earth.

The scientific milestone was achieved using a pair of giant laser detectors in the United States, located in Louisiana and Washington state, capping a long quest to confirm the existence of these waves.

The announcement was made in Washington by scientists from the California Institute of Technology, the Massachusetts Institute of Technology and the LIGO Scientific Collaboration.

Gravity travels in waves, like light and other forms of radiation. But with gravitational waves it is space itself that is rippling.

more http://america.aljazeera.com/articles/2016/2/11/scientists-detect-einsteins-gravitational-waves.html

gtg bbl

Yep shares pulling back some … EOD will tell a story.

“hope for shares doing better” You would think so with the monster uptick in gold. I would rather have seen 3 up $15 days. Still there’s a lot of reason for encouragement today.

Re Lines around the block….they shud have waited till the Scum knocked it back like now.

Shares under big pressure here….which means we have few buyers here and one never ending seller !!!!!

I was expecting the shares to be much better.

http://www.zerohedge.com/news/2016-02-11/lines-around-block-buy-gold-london-banks-placing-unusually-large-orders-physical

I’ll see if I can trace what happened when I had a schwack of Goldcorp and the Glamis deal.  Seems to me he was the fleecer and us G shareholders the fleecee on that one too. A little help walking down memory lane would be appreciated.

I’d be looking for a competing bid shortly on LSG. Maybe full circle back to Goldcorp?

The Trump/Hillbilly post was a funny, until I realized how many millions are still waiting in line to pull the Vote Lever for the likes of her. This country I call home is soooooo DOOMED! It aint even funny.

miners’ indices even brighter green as the day progresses

We’re already in a doom situation thanks to the neocons.

Eeos, poor SIlvernoom. Hope he had stops.guessing shorts at 1200 + got taken out.  I picked up some silver gold Indian jewerly for a friend  insisting to pay my flight to visit at the drop then it took off and they got swamped. Good for American indians but hope they hurry up with mine who was first. So much for the action over there. Haven’t visited much but hope some didn’t get hurt and hope Margaret didn’t sell all.  What happened to Canuck?

Armstrong keeps increasing his resistance numbers. Think the last two were 1208 then 1220.  Yen appears to be turning up but haven’t checked past couple days or Euro.

Naturally it will be rough going thru the “growing pains” transition. Opposite of when they started globalization. It was FUN FUN FUN buying cheaper imported products, and opening profitable stores, hiring people to sell the crap to our unwitting neighbors.

Deutsche Death Watch

Submitted by Dave Kranzler, IRD:

That place has been on death-watch forever. However bad it was before Anshu Jain was fired, it has to be worse now. – Former insider

Deutsche Bank stock has popped 6% today and the move was attributed to an announcement in the Financial Times that DB was looking at buying back several billion in senior bonds in the market at a discount – Financial Times

Before I get to the bond buyback farce, it’s safe to say the jump in DB’s stock is fully attributed to the rumor floated in Europe that the ECB was going to consider buying big bank stocks in an effort to shore up the appearance of a “healthy” banking system.

Furthermore, DB has been relentlessly sold and shorted since the beginning of 2016, down 31% in 25 trading days. It was due for a technically-driven, dead-cat, short-covering bounce. Central Bank intervention rumors being the perfect catalyst to frighten hedge fund computers into covering shorts and moronic perma-bulls into buying the dip.

Let’s first examine this notion of a bond buyback. The first item that will be pointed out by Wall Street puppets is that a bond buyback would enable DB to book accounting gains, thereby padding net income and book value. But the idiocy of this logic is that gains recognized from buying back bonds at a discount are 100% non-revenue, non-cash generating events. In fact, a bond buyback is a use cash – it further erodes the liquidity of the entity buying back bonds or stock.

In addition, if DB were to buy back its bonds in the market, why on earth would it pre-announce this? The only result this accomplishes, other than a brief surge in foolish optimism issued by perma-corrupt stock analysts, is to trigger front-running into DB’s bonds thereby increasing the overall cash cost of the bond buyback.

DB’s announcement was first reported in the Financial Times. You’ll note the FT asserts that “banks can generate capital gains my buying back bonds at a discount to their face value.” However this is highly misleading because the only “gains” generated are a non-cash generating accounting “gain” that is now permitted. It was an accounting change that was passed after the 2008/2009 collapse which gave banks the ability to fabricate net income for the purposes of padding their retained earnings and therefore their book value. It’s nothing more than legalized fraudulent accounting.

Curiously, Reuters referred to DB’s announcement as an “emergency buyback plan on senior bonds.”

The FT alludes to DB having 220 billion euros of liquidity reserves with which to use for a bond buyback. However, glancing at DB’s latest balance sheet, I can only find 102 billion consisting of 27 billion euros in cash and cash due from other banks plus 75 billion euros in interest bearing deposits with banks.

Notwithstanding the risk embedded in “cash due from others” plus “deposits” with other banks, if DB truly had 220 billion euros of “reserve” liquidity, we would not be having this conversation, DB’s senior credit default swaps would be trading at +100 spread instead of +250, it’s subordinated CDS would be trading at +200 instead of +450 and the stock would still be well above $20 instead of staring down the barrel at $10.

But let’s take a closer look at DB’s overall balance sheet, something which clearly no Wall Street analyst or financial bubblevision moron has ever experienced. DB’s latest balance sheet from 9/30/15 shows “total financial assets at fair value” of $881 billion euros; 71 billion euros of “assets available for sale; 428 billion euros in “loans:” and 153 billion euros in “other assets.” All told it reports 1.7 trillion euros in total assets, leading to a declaration of 68 billion euros in “total equity” (book value). That’s an eye-watering leverage ratio of 25x.

Now let’s take a look at the quality of the assets listed above. DB has very heavy asset/loan exposure to emerging markets, energy, peripheral European credits (like Greece, Italy and Spain), commodities, Glencore and leveraged finance/high yield. And of course there’s the 60 trillion or so in derivatives. But we are leaving that out for purposes of this analysis.

Although DB made a big production out of the 6 billion write-down and loss it would take in its third quarter, 5.8 billion of that was a write-down of goodwill and intangibles. Considering DB’s exposure to the collapsing asset sectors listed above, this 5.8 billion write-down of what amounts to thin air anyway is nothing short of shocking. I would conservatively estimate that the 1.53 trillion euros of financial assets + for sale assets + loans + other assets should be written down by at least 20%. That would imply that, conservatively, DB could write-down its assets 306 billion euros and likely still be overstating the value of its total asset base. A write-down of that magnitude would imply that DB has negative net worth of 238 billion euros.

In other words, DB is technically insolvent. When I did this exact same analysis in early 2008 on JP Morgan, Lehman, Wash Mutual and Countrywide, my write-down estimates turned out to be exceedingly conservative. I would wager anything that my analysis above is “exceedingly conservative” x 2.

Keep in mind this entire analysis does not include DB’s derivatives. It’s fine with me if DB management wants to puff up its image by taking a few billion of liquidity that it technically does not have and buy back some of its debt. I could care less. But anyone who is not selling their stock into this rally is a complete moron.

The only thing demonstrated to me by DB’s bond buyback bravado is that investors learned nothing from 2008/2009 and bank upper management and directors are even more corrupt now than they were 8 years ago.

http://www.silverdoctors.com/deutsche-death-watch/#more-63436

No more psychological RABBITS to pull out of a hat.

It’s Not Just Deutsche Bank…

While broad-based contagion from Deustche Bank’s disintegration is clear in European, US, and Asian bank risk, there is another major financial institution whose counterparty risk concerns just went vertical…

http://www.zerohedge.com/news/2016-02-11/its-not-just-deutsche-bank

Silverboom was just bragging to me 3 weeks ago about how great the bear camp was and how great that other website of jerks was doing.  The water’s nice and warm get in he said.  I told him at the group of hosers and losers. Hope all those guys enjoy the shaft over there

Canada sells nearly half of all its gold reserves

The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.

According to the International Monetary Fund’s International Financial Statistics, Canada held three tonnes of gold reserves as of late 2015.

The latest data, published last week, show the total Canadian gold reserves now stand at 1.7 tonnes. That’s just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds. In comparison, the U.S. holds 8,133 tonnes of gold, while the United Kingdom weighs in at 310 tonnes.

The decision to sell came from Finance Minister Bill Morneau’s office.

more http://globalnews.ca/news/2508940/canada-sells-nearly-half-of-all-its-gold-reserves/

we have said on days like today that gold should be up a 100–and it never is–well, now it’s soaring and it’s scary…cause we could see a real-deal world-wide financial meltdown…as the old saying goes….be careful what u wish for

This is kind of funny but at the same time sad that we have people in
powerful positions that can get away with all this stuff.

Donald Trump and Hillary Clinton are in a bar. Donald leans over, and with
a smile on his face, says, “The media are really tearing you apart for that
scandal.”

Hillary: “You mean my lying about Benghazi?”
Trump: “No, the other one.”

Hillary: “You mean the massive voter fraud?”
Trump: “No, the other one.”

Hillary: “You mean the military not getting their votes counted?”
Trump: “No, the other one.”

Hillary: “Using my secret private server with classified material to hide my
activities?”
Trump: “No, the other one.”

Hillary: “The NSA monitoring our phone calls, emails and everything else?”
Trump: “No, the other one.”

Hillary: “Using the Clinton Foundation as a cover for tax evasion, hiring
cronies,and taking bribes from foreign countries?
Trump: “No, the other one.”

Hillary: “You mean the drones being operated in our own country without the
benefit of the law?”
Trump: “No, the other one.”

Hillary: “Giving 123 Technologies $300 Million, and right afterward it
declared bankruptcy and was sold to the Chinese?”
Trump: “No, the other one.”

Hillary: “You mean arming the Muslim Brotherhood and hiring them in the
White House?”
Trump: “No, the other one.”

Hillary: “Whitewater, Watergate committee, Vince Foster, commodity deals?”
Trump: “No the other one:”

Hillary: “The IRS targeting conservatives?”
Trump: “No the other one:”

Hillary: “Turning Libya into chaos?”
Trump: “No the other one:”

Hillary: “Trashing Mubarak, one of our few Muslim friends?”
Trump: “No the other one:”

Hillary: “Turning our backs on Israel?”
Trump: “No the other one:”

Hillary: “The joke Iran Nuke deal? ”
Trump: “No the other one:”

Hillary: “Leaving Iraq in chaos? ”
Trump: “No, the other one.”

Hillary: “The DOJ spying on the press?”
Trump: “No, the other one.”

Hillary: “You mean HHS Secretary Sibelius shaking down health insurance
executives?”
Trump: “No, the other one.”

Hillary: “Giving our cronies in SOLYNDRA $500 MILLION DOLLARS and 3 months
later they declared bankruptcy and then the Chinese bought it?”
Trump: “No, the other one.”

Hillary: “The NSA monitoring citizens’ ?”
Trump: “No, the other one.”

Hillary: “The State Department interfering with an Inspector General
investigation on departmental sexual misconduct?”
Trump: “No, the other one.”

Hillary: “Me, The IRS, Clapper and Holder all lying to Congress?”
Trump: “No, the other one.”

Hillary: “Threats to all of Bill’s former mistresses to keep them quiet”
Trump: “No, the other one.”

Hillary: “I give up! … Oh wait, I think I’ve got it! When I stole the
White House furniture, silverware and china when Bill left Office?”
Trump: “THAT’S IT! I almost forgot about that one”.

**********
Everything above is true. Yet she still gets the Democratic votes. Could
there be that many stupid people in this country???
Does anyone understand this??? I think we’re doomed !!!

Saudi Arabia Makes “Final” Decision To Send Troops To Syria As US, Russia Spar Over Aleppo Strikes

http://www.zerohedge.com/news/2016-02-11/saudi-arabia-makes-final-decision-send-troops-syria-us-russia-spar-over-aleppo-strik

This is very disturbing!! Hard to believe this is America!!

Not the SM, USD or most importantly gold

PSLV should work out just fine. Sprott is one of the good guys, not like the paper shysters over at SLV.

Me either good buddy. I bought some PSLV this am. I think Wanka made a great buy Sunday night.

We’re also seeing us close near the highs on up days and the USD and SM unable to sustain a bid. Then there’s the 10 yr. lowest yields hit today since 2012

R640 – CNBS was talking about gold a lot earlier this am

I don’t mind … 🙂 🙂 🙂

I feel sorry for the goldbugz who are sold out and waiting on the sideline for a pullback which may never come …

Yes we have but it seems we’re seeing something completely different than what we’ve see for the last five years.

We’re seeing the dips being bought. JMHO