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

With the blood bath going on in general shares, people get margin calls and sell their profit laden miners to help, or off set losses as they cash out.

My guess is TPTB will BOP IT DOWN soon. The margined futures players and opinions that drove it up will get punished. Everyone was wrong about Trump and Brexit, and they are all wrong to bet on the dollar going higher.

The US Dollar does not have a mind of its own. It does what the US Fed wants it to do. Sometimes they want it higher to Temporarily help Europe and Japan, but since 2008, the USA has big debt, big budget deficits, low wages and poor domestic business priority.
The situation globally is very simple.

This Dot Com Dollar Spike CAN’T be a new up-trend. Buy the gold dip can’t hurt.
http://finviz.com/futures_charts.ashx?t=DX&p=h1

but I think we will get what the banks want. Shorts at record levels will draw their “pound of flesh” until the game is over and it is not over yet apparently.

I guess it was wishful thinking on my part that the Banks are not in control STILL. Oh well. I was hoping for a little bit longer “foreplay” before the ****ing began. The flush out will soon begin. Hopefully it is a short and quick “drilling”.

Dow climbing since 11:26, if it keeps climbing off that low, PMs should get a tailwind.

Basically, everything that was ABNORMAL, after WW II was changed to normal. Everything that decades ago was NORMAL, was converted or modified by mass media to be AB-normal. I wrote a post on that long ago.

The abnormality of so many things has taken its toll, lots of anger, and distorted reality so much, that everything like Trump and Brexit is evidence that rotating AWAY from ab-normal back to normal.

Its going to rough for many people and businesses that BENEFITTED from ab-normal markets and politics, then going back to normal. If you are not an alcoholic, you are normal. Being an alcoholic is ab-normal. Going back to a non-alcoholic state, we all know would be rough, but better for later.

Can Gold be far behind? Hope not but with SM down, can’t have the PMs up. Hope I am wrong but I doubt it. The Crimex shorts are doing there job. The question is for how long? Lots of people leaning toward correction here. Hard not to take that position when the banks always win with their naked shorting abilities and now new record number positions. Still , I hope and think after a few days and we move up to higher highs say by the weeks end. Would love to see a continued crash in the general equities tho the PPT seems to always win there too but not always.

european vacations will be lots cheaper this summer.

http://finance.yahoo.com/echarts?s=%5ETNX+Interactive

Wouldn’t surprise me if the SM is done. Held up on fumes and PTB intervention IMO.

I guess some profit taking in the miners is normal … but what’s really “normal” now with the cretins bashing us regularly …

Cheers

PS I guess the downturn in the SM could be affecting the PM shares as well. An ignorance index!

While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The brain-dead morons cannot grasp that they crossed the line and embarked upon a political union in which they have denied any democratic process because they assume the people are too stupid to see what they see.

The markets will settle down and then flip. The smart money will figure out that London will remain as a financial center, as will Zurich. But there will be no such center within the EU because the politicians have a mechanism in place to outlaw short-selling at their discretion whenever the markets say they are wrong. BREXIT is the survival of Britain, not its demise. The crisis brewing is eight member states will ultimately follow Britain and hold referendums. Brussels may be the most hated political entity exceeded only ben Venezuela.

cont. https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/its-not-the-british-its-the-eu/

yeah, that 240 level on the HUI is a huge wall for some reason and is keeping us in a tight range.

Surprised they haven’t brought the SM back today. Go figure.

TORONTO – TransCanada is formally requesting arbitration over US President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15-billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the US government to “reach an amicable settlement,” the company said in files posted on the pipeline’s website.

Cont. http://www.miningweekly.com/article/transcanada-formally-seeks-nafta-damages-in-keystone-xl-rejection-2016-06-27

http://www.reuters.com/article/us-russia-turkey-jet-idUSKCN0ZD1PR

http://schrts.co/YY283H

I smiled at the comments, the real world. The diversity of opinions and understanding of one event. I remained convinced that this was an allowed event. I have read the remarks and opinions of the assembled here. To suggest that it was a real vote, I agree. To continue, to allow the marked and accounting of the results …hence the real results to stay is what I find, unique in today’s world. Considering the endless list of other voted decisions. But i digress.

What is without question …. enough of my opinions….for today smile.

Maybe they’ll finally break the chain of 235-240 HUI?

Too funny! Those Walmart horses can be downright dangerous!

but, but, but Jim Cramer on CNBS this am said that the European banks were not a threat to US banks because our economy here is in such better shape!

I guess we’ll find out if Barclay’s, DB and some Italian banks go belly up just how “strong” US banks really are.

I see the crooks are doing the usual “drip sell” of pm’s before the US stink market opens.

I’m going to be patiently looking for an opportunity to get back into UVXY, because I’m not sure this European story is over just yet.

LOL!

Ivanhoe Mines files NI 43-101 Technical Report for the Updated Mineral Resource Estimate at the Platreef Platinum-Group Metals, Gold, Nickel and Copper Project in South Africa

http://finance.yahoo.com/news/ivanhoe-mines-files-ni-43-170248211.html

Mexus Gold US announces Santa Elena mine update

http://finance.yahoo.com/news/mexus-gold-us-announces-santa-073000466.html

Endeavour Silver Outlines Several Prospective New Silver-Gold Veins on the Terronera Property in Jalisco State, Mexico

http://finance.yahoo.com/news/endeavour-silver-outlines-several-prospective-105500510.html

Atlantic Gold Completes Final Tranche of Gold Price Hedging Contracts

http://finance.yahoo.com/news/atlantic-gold-completes-final-tranche-120000240.html

Goldcorp releases 2015 Sustainability Report

http://finance.yahoo.com/news/goldcorp-releases-2015-sustainability-report-121500757.html

Centerra Gold Reports Kumtor Mine Receives 2016 Mine Plan Approval

http://finance.yahoo.com/news/centerra-gold-reports-kumtor-mine-122742537.html

Tinka Commences Property-Wide Airborne Geophysics at Ayawilca

http://finance.yahoo.com/news/tinka-commences-property-wide-airborne-124500483.html

Goldgroup Provides An Update On San José de Gracia Project

http://finance.yahoo.com/news/goldgroup-provides-san-jos-gracia-130000157.html

Scum have thrown hissy fits over a great deal less, this one could be epic…

As for Italian Banks…what ever made anyone think, that it didn’t go out of the back door, far faster than it came in.