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

Yup….anything is better.

I think I’ll go work on my taxes. That’s more fun than watching this.

Cheers

have to say miners are trading, v v poor here and have been for a while…we all know why, but they sure are painting the tape as if the AU rally will fail any minute.

Either some news just came out, or scum hit everything to ram SM higher…..Usd/Jpy just jumped 50 pts in straight line, which is their favourite ‘signal’….

Still the ‘tell’ was Nem going south, while Au was bid….and sure enough we are getting clobbered here.

Ps don’t trust that Drunkenmiller….maybe that too was a setup….gonna go and kick my cats….if I can find ’em

Barrick Gold’s (TSX, NYSE:ABX) planned $1.3 billion sale of its stake in Australia’s Kalgoorlie mine has hit a roadblock as Minjar Gold, the Chinese bidder, has been unable to secure financing for the deal.

The Perth-based, a unit of Shanghai-listed Shandong Tyan Home, is also still waiting for Chinese regulatory clearance to go ahead with the acquisition, people with knowledge of the matter told Bloomberg.

Minjar Gold has been on the hunt for Australian mines for over a year. In August it purchased Evolution Mining’s (ASX:CAH) Pajingo mine for $40 million — a deal that looks like small change in comparison to the offer on the table for Kalgoorlie.

cont. http://www.mining.com/chinese-race-to-grab-barricks-stake-in-super-pit-hits-roadblock/

Doesn’t look like hardly any miners are burning up the tape. A bit of a rest needed?

Locals ask Brazil to suspend Belo Sun’s gold mine licence

scum have it under cosh, day in, day out……

scum offering huge in GDX at 24.50

The games go on.

It’s way past time the miners woke up to what is happening in Gold…..but scum are making mockery of it.

Good luck to em!

CANNON BALL, N.D. (AP) — Construction of the Dakota Access pipeline under a North Dakota reservoir has begun and the full pipeline should be operational within three months, the developer of the long-delayed project said Thursday, even as American Indian activists vowed to fight in the courts to protect their water supply.

The Army granted Energy Transfer Partners formal permission Wednesday to lay pipe under Lake Oahe, clearing the way for completion of the 1,200-mile, $3.8 billion pipeline. ETP spokeswoman Vicki Granado confirmed early Thursday that construction resumed “immediately after receiving the easement.”

Workers had already drilled entry and exit holes for the crossing, and oil had been put in the pipeline leading up to the lake in anticipation of finishing the project.

“The estimate is 60 days to complete the drill and another 23 days to fill the line to Patoka,” Granado said, referring to the shipping point in Illinois that is the pipeline’s destination.

cont. http://hosted.ap.org/dynamic/stories/U/US_OIL_PIPELINE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-02-09-09-08-40

http://finance.yahoo.com/news/goldquest-acceleration-drilling-activities-tireo-140000568.html

Bitcoin Plunges After Chinese Exchanges Suspend Bitcoin Withdrawals

Yesterday’s ominous closed-door meetings between the PBOC and bitcoin exchanges, appears to have had a dramatic effect, and as at least two Chinese bitcoin exchanges, Huobi and OKCoin, reported moments ago, all bitcoin withdrawals are now effectively suspended.

The result on bitcoin price was immediate and dramatic with bitcoin traded in China tumbling 7%.

cont. http://www.zerohedge.com/news/2017-02-09/bitcoin-plunges-after-chinese-exchanges-suspend-bitcoin-withdrawals

Rick’s Pick for Thursday

Inflation Ahead? Yeah, Sure.

Posted Wednesday, February 8, at 10:58 p.m. EST

The inflation drumbeat has grown more insistent lately, stoked by Fed blather about raising rates to prevent the economy from overheating. Yeah, sure. I’m not buying any of it, particularly statistics that purport to show inflation even in Europe. An epic deflation still awaits and eventually will be triggered by the implosion of a largely uncollateralized, quadrillion dollar derivatives bubble. A further, irresistible catalyst will be the zeroing out of deferred, unpayable liabilities in our pension and healthcare systems. These deflationary black holes cannot be ‘monetized’ like the financial system, since they involve real cash sent to real recipients each month to pay for real services and real goods. More immediately, the bull cycle has peaked for residential and commercial real estate. If these factors add up to the return of inflation, then I am a monkey’s uncle. T-Bonds seem to know all of this, having risen sharply in recent weeks. Don’t be surprised if the trend continues.

Newstrike Resources Ltd. Enters into Agreement with HPI Holdings Ltd. to Complete Business Combination and Concurrent Financing Transactions

http://finance.yahoo.com/news/newstrike-resources-ltd-enters-agreement-211712178.html

Coeur Reports Fourth Quarter and Full-Year 2016 Results

http://finance.yahoo.com/news/coeur-reports-fourth-quarter-full-223200972.html

Rio Tinto considers exiting interest in Freeport Indonesia mine -The Australian

http://finance.yahoo.com/news/rio-tinto-considers-exiting-interest-063228313.html

Golden Dawn Minerals Inc. Consummates Gold Purchase Agreement With RIVI Capital LLC, Appoints New Director

http://finance.yahoo.com/news/golden-dawn-minerals-inc-consummates-080000892.html

Fortuna Completes Warrant Exercise for a 24% Stake in Medgold

http://finance.yahoo.com/news/fortuna-completes-warrant-exercise-24-083000730.html

Alamos Gold Closes US$250 Million Bought Deal Financing

http://finance.yahoo.com/news/alamos-gold-closes-us-250-131937618.html

Danger of shorting Euro, because it is going to fall apart, which it will, is if weak Countries like Italy, Greece etc leave, which is what will most likely happen. What will remain is Germany and others/none…..and if Germany is last out, the Euro will become a new Deutschmark and be the strongest Currency on the board.

The Reno Weekend Fun train.
http://www.railpictures.net/photo/605385/

Thanks for posting Celente. I like listening to his charged videos. He’s right. The Euro is probably doomed as people have had it. You have a few people making it hell for everyone else. With that you could short Euro and go long dollar because it will drive it up not down as people get out of Eiro dollars. It  will hurt market In exports. Their declining currency will help their exports but not the infkation the people will suffer.

As far as Trump not delivering he will. There is bipartisan agreement  about infrastructure and the wall will be built. With that the Fed might have a excuse to raise interest rates. Business moving here may also see it and with Trumps lower tax plan will have motivation to move as least some of there business here. If there’s golbal chaos he better hurry up with the wall because everybody will be trying to get in including the Mid East as Europe goes broke or civil unrest, as well as some other countries. As it is now they’re trying to get into Canada from US next as they see people here don’t want the problems its brought to Europe nor terrorists, They need to end that war in Mid East and then assist in restoring it and helpimg people get back home. I can’t blame them for hating America and Europe in that they should of never went there in the first place. Plus Europe importing labor strategy is not working and causing more trouble than it’s worth. This isn’t about compassion. These elites are incapable as shown with all the crimes they cover up and Attack anyone as a racist for exposing it. If Theres global  chaos we’ll need more than gold. Especially Europe. They better stalk up on food medicine and tangables.

According to my charts, based on cycles and history, the next important long term top will not occur until that ratio has dropped to 30. That means silver will out perform gold by a wide margin. When that top will occur is the question, but my best guess is May 2019. All FWIW and good luck to all from Silverngold.

Thanks farmboy I’ll check it out.

Appreciate the kind words and thoughts. Life seems to work best for me when I am able to rise above the daily noise, and get an eagle eye view of this ole world. Seems to me there is hope yet, as more and more folks want to get back to the basics of life, and that includes snatching back the freedoms that have been taken away. More turmoil to come? Of course ! But perhaps a brighter future awaits? And for the most part change is a double sided coin with turmoil printed on the flip side. Part of the process of the ages I suppose. And it is a process.

Like you, I am enjoying the gains in the investments. Sort of like finding that sweet spot in the tractor seat when the plowing is smooth, not too bumpy. The rows seem to straighten themselves. Enough sun to warm the back, but not hot enough to melt your spirit. The kind of plowing ahead where you can cut back on the RPM’s, and still get the job done. Yeah, that is how I am feeling, doing, in the markets these days. Sweet plowing. Feet turn into yards, yards turn into rows, and before you realize it, you look back and see a big part of the field is ready for planting. Its that kind of season for our PM’s.

And the kind of day when the work is done, you want to grab that woman with the apron in the kitchen, and just dance.

Wishing you a good evening, Farmboy

https://youtu.be/VSw9hkEz-l4

At the end of the article is a link to an interview with G. Celente. Worthy of a quick listen.

Gerald Celente

Know when to hold them, know when to fold. Yep it is hard. We can turn on the financials on TV everyday and hear about equities, even bonds, the economy, and get a sense of direction but never PMs. A occasional comment it’s up or down and that’s about it. That makes us have to look deeper into  what drives it and what doesn’t. At least with current events. You can buy and sell and still be a gold bug but don’t have to hang around and give back gains during a correction or down turn. Those who bought at the top in 1980 long would of waited a long time to recover losses as those who never sold if some guru told them to hold on till 1000. That is if their stock still existed by then. These Gurus IMO can use people.  You bet they trade as well as can be wrong. They also don’t pay your bills but many do pay theirs and wonder for the average guy or gal of its even worth it. You owe them nothing.PS in that getting their permission when to buy and sell anything. Especially when they want those who do to lose so then can gain.

Billionaire Eric Sprott Says Central Banks Panicking As ‘The Whole World Is Buying Gold Here,’ Including Druckenmiller

Gold 1241.00

Silver 17.75