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

Im far from being an expert on how the “selling short” game works ( I left the trading floor 15 years ago). GDX is definitely a rigged game. No one will ever know the true number of outstanding shares. But a clearing company ( like a Spear Leads or First Options Corp.) might be notified by a stock holding company, that one of their clients ( a trader on the floor) needs to buy back a certain number of shares and deliver them back to the holding company. This usually happened in stocks with a small number of outstanding shares ( or what’s called a small “float”). A small speculative company that’s in the news could be propelled much higher by pure rumors. If people doubt it, they’ll sell the shares short. But with a very limited number of outstanding shares, buy-ins occur quite frequently. It’s part of the reason why ZH talks about a short squeeze in some of the most speculative, highest shorted stocks.

https://en.wikipedia.org/wiki/Naked_short_selling

Someone not so long ago bought the entire float of a Co, every share issued and then to their horror saw trading going on as if nothing had happened, so large was the unborrowed amount trading out there and the SEC just shrugged !!!!!

Anthony Bourdain Does Not Want to Owe Anybody Even a Single Dollar

https://www.wealthsimple.com/en-us/magazine/money-diary-anthony-bourdain

Re total No short etc…..that is why I think they are useing GDX, as i don’t think there is any control on shorts in the ETF’s, or none that is being policed….

The GDX seller is there tdy making sure 23.00 doesn’t break ….NEM is down 2.5 % on No news.

Hopefully as I said, all this is because they can’t get enough Phys to deliver.

thank you for your post on shorting.

If you don’t mind, and have the time, could you explain how this (“clearing company would be compelled to buy shares in the open market”) buying doesn’t drive the price higher.  I have always been under the impression that it is NAKED short selling has been the main problem… that they are selling shares they don’t own, and don’t buy back.

I’m not challenging your statement, just trying to understand.  I very much appreciate that we have someone with real-life experience here with on the forum.

But then he also discussed other things that were relevant to today such as earthquakes causing possible coastal flooding, and especially the possible collapse of a major dam coming (Oroville??). All in all I thought there was enough info there to warrant posting it. Time IMO is a difficult thing to predict.

When I was trading on the exchange floor, and I had to hedge my options trades, sometimes I had to sell shares short. My clearing company had to go out and “borrow” those shares. If an issue became unborrowable, your clearing company would be compelled to buy shares in the open market ( in your account), so that they could be returned to the holding company. If we knew the true number of shares that are “short” such stocks like NEM, GG etc., it would blow people away. But that’s part of the coverup.

http://www.krem.com/news/local/boundary-county/train-loaded-with-grain-derails-in-boundary-county/422839832

The new scum game seems to be crushing the shares….maybe because they are running out of Gold and the SEC makes sure they don’t have to borrow any shares to short……

Kudos to your granddaughter. No snowflake there!

Osisko Signs Binding Letter of Intent on Large Land Package Near Lebel-Sur-Quevillon, Quebec

http://finance.yahoo.com/news/osisko-signs-binding-letter-intent-200000726.html

K92 Arranges $10 Million Financing

http://finance.yahoo.com/news/k92-arranges-10-million-financing-202239625.html

International Tower Hill Mines Files 2016 Year End Financial Results

http://finance.yahoo.com/news/international-tower-hill-mines-files-204600138.html

Orsu Metals Corporation files Technical Report for the Sergeevskoe Gold Project, Russia

http://finance.yahoo.com/news/orsu-metals-corporation-files-technical-210000118.html

Osisko Gold Royalties Reports Strong 2016 Results and Provides 2017 Guidance

http://finance.yahoo.com/news/osisko-gold-royalties-reports-strong-210000553.html

Golden Queen Announces Financial Results for the Year Ending December 31, 2016 and Appoints New Chief Financial Officer

http://finance.yahoo.com/news/golden-queen-announces-financial-results-221100983.html

AuRico Metals Receives Environmental Assessment Approval for Kemess Underground Project

http://finance.yahoo.com/news/aurico-metals-receives-environmental-assessment-232300990.html

Klondex Reschedules Earnings Release, Filing Form 10-K and Conference Call for Fourth Quarter and Full Year 2016 Results

http://finance.yahoo.com/news/klondex-reschedules-earnings-release-filing-014603294.html

B2Gold Reports 2016 Fourth Quarter and Full-Year Results

http://finance.yahoo.com/news/b2gold-reports-2016-fourth-quarter-064744462.html

Orefinders Provides 12 Month Plan for Advancement of the Mirado Gold Project Near Kirkland Lake, Ontario

http://finance.yahoo.com/news/orefinders-provides-12-month-plan-110000567.html

Anaconda Mining Sells Nearly 3,600 Ounces of Gold and Generates Over $5.6M in Gold Sales Revenue in Q3 FY2017

http://finance.yahoo.com/news/anaconda-mining-sells-nearly-3-110000654.html

Asanko Gold Reports Q4 and 2016 Full Year Results

http://finance.yahoo.com/news/asanko-gold-reports-q4-2016-110000871.html

Brigadier Gold Announces Consolidation of Common Shares

http://finance.yahoo.com/news/brigadier-gold-announces-consolidation-common-120000565.html

Thanks for the selection of beverages this morning. Does that fancy machine take Bitcoin? Or do I need a hammer to negotiate for a cup of coffee? 🙂

There is a growing consensus that the 35 year Bond bull is dead and we are v close to major TA confirmations….Yes the SM can keep going and may well….but yr buying at record Hi’s in a 9 syr old bull mkt, where prices have more than trebled…there is also see below, more and more talk about inflation….PM mining shares are not far off a a multi year low and are 1/3 rd of what they were in 2011.

If even a fraction of that Bond money $ 82.2 Trillion, say 5 % goes into PM shares = $ 4.11 Trillion…..it would buy the 5 largest Gold and Silver Miners with $ 2.7 left over…and that includes Anglo worth $ 1.3 on it’s own….ie without Anglo $ 3.96 Trillion is left…so it would buy the top 9 miners 30 times over !!!!!!!

Took this below from the FT article by Danielle DiMartino Booth

Global bond investors could be in for a nasty wake-up call. Amid all the euphoria surrounding Trumponomics, traditionally dovish US Federal Reserve officials have begun to sound like passionate hawks. Not only are multiple interest rate rises priced into the markets this year, officials have also crossed into previously sacrosanct territory, countenancing a shrinking of the Fed’s $4.5tn balance sheet.

Taking this next step to leave the era of unconventional monetary policy behind would effectively double down on the tightening in financial conditions. There is a growing risk, therefore, that the long era of calm in the global bond market is coming to an abrupt halt.

One of the first lessons of economics is that money is fungible — it can be repurposed at will. Global bond investors have adapted the idea of fungibility to quantitative easing. They are largely indifferent to which central bank is purchasing securities; the point is that some central bank balance sheet somewhere is growing. Add up the easing exertions and you get to $200bn or so every month, all of which is mutually interchangeable for the purpose of keeping animal spirits buoyant.

Investors’ steep assumptions do not stop there, though, for this is where that other basic tenet of economics — the law of supply and demand — comes into play. The lowest bond yields in 5,000 years also reflect the belief that central banks’ bond purchases permanently expunge supply from the market.

It is hard, therefore, to envision global bond investors retaining their composure as the assumption under which they have purchased dearly priced bonds in recent years vanishes. If the Fed has seen fit to allow global bond supply to begin expanding anew, what is to stop its central banking peers from following suit?

More disturbing yet is that inflation data now warrant tightening after years of price pressures being subdued. At 2.5 percent, the consumer price index in the US is the highest in five years. Even the “core,” which excludes food and energy prices, stands at 2.3 per cent over the past year.”

Today I climbed a mountain to find a wise man at the top. I asked him, “When will the price of Gold go up?”

“You missed it,” he said. “It already went. Did you bring me coffee? It’s cold up here!”

(Sigh)

Mauna Kea today with a touch of snow, from Hilo Bayfront. The summit is 25 miles distant.

Amtrak’s (nee Southern Pacific) “Sunset Limited” rolls into an Arizona sunset.
http://www.railpictures.net/photo/609317/

Their capital punishment will be extinction planted in their brains. They don’t know of motherhood and never will.  The love nor the pain they endure. They can only pretend in their FAIRY tale make believe world. They don’t even know LUST does not equal love or sacrifice. They have no respect for their own kind, the givers of life but their not the makers.they can only envy those that do with their man made tampons with eyes. Their not. G-D but want to play G-D like they play their lust. G- D is love and lust is just a side effect they haven’t recieved. That’s why most even when married do not contain their lust to just that one person. So in their frustration the mock nature itself. They can’t give birth nor know the suffering and plans that can go wrong in the blink of a eye as one of the most dangerous times for both mother and child, nor can They cannot nurse a child. A Breast implant will not bring forth milk. They can only mock it like they mock anything that is nature or woman  because it’s nature they hate.Yet  they talk about haters when they are the ones, the haters of nature. That’s why nature  has the last word and will put them back in their place like a lion on a stool when he’s had enough of the fake lion tamer with a whip. Their extinction.

https://www.youtube.com/watch?v=6filPCtrt0c&sns=em

And silver at $22. Is this a rebroadcast so someone can earn you tube bucks?

Shes a cutie, you’ll have to monitor her dates in a few years. Have one of those shot guns handy in the background when they show up.

Pms well time to put thise golfers to work. The PMs What does the caddy say.

https://youtu.be/u-Vrery4eHM