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

Taking a break.

Watching the general this am. NEM appears to have a little support this am, or maybe better said, the scum have taken their finger off the sell button for a few minutes.

Ipso if you’re out there lurking, please give a shout out. I miss your banter! 🙂

Why Nothing Matters: Central Banks Have Bought A Record $1 Trillion In Assets In 2017

Central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, “the largest CB buying on record.”

In Denver alone, experts said recycling scrap metals has a $284 million economic impact and creates more than 6,000 jobs in Colorado.

Henesey told Denver 7 over a day or two, he can receive up to 1 million pounds of steel, for example.

“New product. It goes into our appliances. It goes into our automobiles.”

The Institute of Scrap Recycling Industries cites studies that show the U.S. exports 30% of recycled scrap metal to 160 other countries. Construction firms still import lots of steel because, simply, it’s cheaper.

Other data, from ISRI:

In 2015, the U.S. scrap industry processed (exports plus domestic recycled):

• 5 million metric tons of aluminum

• 1.8 million metric tons of copper

• 622,000 metric tons of nickel/stainless steel

The United States exported nearly $11 billion worth of nonferrous scrap to 85 countries in 2014, including China, Canada, Mexico, South Korea, Japan, Taiwan, Belgium, India and Germany.

The U.S. provides more than 20 percent of the world supply of recovered copper= eeos translation: The US surely has the highest thievery rates in the world!!!! How else could this be? We all know by now that American’s are the most wasteful fools in the universe, it’s not like we care about the environment. Think of the idiots below the Atlanta freeway collapse, there you have it. This is where all that copper is coming from….THIEVES!

Let’s look at Denver’s recycling program too. We run trucks around the entire city collecting all kinds of materials. Guess where all the cardboard and newsprint goes? not trucked to Arizona anymore… just loaded up into empty shipping containers and sent back to China!!! Dumb

I knew one of those types in the mid to late 1970’s . He and his wife were incredibly handsome/beautiful – the type of folk who could each have been models for fashion magazine covers . I was living in Europe at the time , as were they . His employers from NYC would send him to African nations to locate those with valuable mineral resources . There he would pitch local politicians with the idea that the World Bank would back loans to create the plants to extract the resources and enrich the country . The plants would be built , Americans would do the commissioning runs , and operate the plants during early operation , including debugging repairs and upgrades ( more loans ) . Then the (qualified) Americans would leave , and locals . who did not have the skills , would try to run the plants . After a very few years , the plants would be in ruins , but the debt remained .

Picture of Power. The challenger huffs it’s way across Colorado.
http://www.railpictures.net/photo/613654/

Christensen is full of crap. Heard it a hundred times before.

Can I put in a “STINK” bid MOC order ?

Another opinion that you need to watch NOW! Events could happen as early as tomorrow, April 21st.

RE Koreans…tks…..that is what I’m hearing. Apparently they treated PoW’s in the Korean war, worse than the Japanese did…..not nice at all.

https://www.youtube.com/watch?v=thpfyiZEsfY

re your…”Is someone daring someone else to drive the price down at end-of-day?”

No, that’s not it. To me it sounds like a limit order is put in place, with the option to buy it at the close at any price if the limit order does not work during the day.

In other words, they tried to buy at a cheaper price, but during the day it did not get cheaper, so at 4:45 “screw it, I want it anyway at any price before the end of the day.”

The buy order could be for a long position wanting it cheaper, or a buy order to close out a short position at a cheaper price. To me it looks bullish. But with the fake news media, who really knows anything these days. 🙂

It’s hard to imagine that GDXJ may be spending a billion as they rebalance their portfolio and not leaving some tracks somewhere. I think you might have picked up on a signal that bears watching.

I noticed today that HL was positive with above normal number of shares traded.

Going fishing tomorrow, but will find some time over the weekend to do some homework on those stocks you have been listing.

Will let you know if I run across anything.

Best, Farmboy

Parts:

Confessions of an Economic Hit Man is a partly autobiographical book written by John Perkins published in 2004. It provides Perkins’ account of his career with engineering consulting firm Chas. T. Main in Boston. According to Perkins, his role at Main was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects that would primarily help the richest families and local elites, rather than the poor, while making sure that these projects were contracted to U.S. companies.

Later these loans would give the U.S. political influence and access to natural resources for U.S. companies.^[1] He refers to this as an “economic hit man.” Although he states that throughout his career he has always worked for private companies, and suggests a system of corporatocracy and greed, rather than a single conspiracy, he claims the involvement of the National Security Agency (NSA), which he interviewed for a job before joining Main. According to the author, this interview effectively constituted an independent screening which led to his subsequent hiring as an economic hit man by Einar Greve,^[2] a vice president of the firm (and alleged NSA liaison).

Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.

Einar Greve, the former vice president at Chas. T. Main who first offered Perkins a job there, at first affirmed the overall validity of the book, saying “basically his story is true… What John’s book says is, there was a conspiracy to put all these countries on the hook, and that happened. Whether or not it was some sinister plot or not is up to interpretation, but many of these countries are still over the barrel and have never been able to repay the loans.”^[12][13] However, on being asked by another reporter about the book, Greve re-read the book and denied the validity of some of the claims, such as the claim that the NSA had any links to Main,

Can you explain or speculate what these market on close orders might mean, or what are the possible ramifications? Is someone daring someone else to drive the price down at end-of-day?

TIA

What is a ‘Market-On-Close Order – MOC’

A market-on-close order (MOC) is a non-limit market order that is executed as close to the end of the market day as possible. All MOC orders must be submitted by 3:45 p.m. ET on the NYSE and by 3:50 p.m. ET on the Nasdaq, as both of them close at 4 p.m. and neither exchange allows for the modification or cancellation of MOC orders after those times.

BREAKING DOWN ‘Market-On-Close Order – MOC’

Market on close (MOC) means that the investor wants to buy or sell a given financial instrument at the last price that is dealt in the market at the end of the trading day. MOC orders do not specify a target price; some analysts believe that this makes it too easy to take advantage of investors by giving a poor execution.

MOC Execution

An MOC order is a market order that will be executed at or just after the close. It is sometimes used as a limit order qualifier, which means that if a limit order isn’t executed during the trading day, that order will be automatically cancelled and replaced with an MOC order. This ensures that the desired transaction is executed, but it leaves the investor exposed to end of day price moves.

This type of order offer protection to investors by ensuring the purchase or sale of a stock that might move drastically overnight as the result of a scheduled after-hours earnings announcement or an anticipated news story. They also are useful to investors who may not be available to execute an essential transaction at the end of the day. The risk of using an MOC order, however, is that a cluster of orders in thin end-of-day trading can lead to a poor execution.

@Farmboy,

You’re welcome. I thought you wanted after market info.

Ps) Wonder what the options activity looks like on some of those ? Hmmmm

on the other hand, maybe he’s gone fishing. 🙂

Very strange. Never seen so many, and none have a sell at close.

CDE   HL   FSM   ABX   KGC   AG   GG   AEM   PVG   SLW   AGI

EXK   MUX   SA   RIC   BTG   BVN   FNV   HMY   OR   AU

Expected the beatings to continue. Impressed with the fight in Gold and Silver today.

Still have to get past the dreaded OE on Wednesday, but if the pattern continues that happened in Jan, Feb, & Mar, it seems the worst of the beat downs were before the deadline.

Tread cautiously, and gather up some cash to go shopping next week.

No wait….better buy some today. That idiot in NKorea may decide to pick a fight over the weekend. I think he is more interested in saving face than saving his arse.

”

By Gary Christenson

• Gold has no counter-party risk in a 2008-style crash.
• The continual devaluation of the US dollar is inevitable.
• Gold will eventually return to its true historic role as money.
• The destruction of government balance sheets, continual devaluations, and the widespread implementation of zero interest rate policies probably will result in hyper-inflation.
• Central banks are nearing an inflection point where they no longer can supply the gold necessary to prevent rising gold prices.
• Gold has survived governments, leaders, parliaments, central bankers, economic stupidity, graft, corruption, and wars.
• Investment demand for gold is rapidly accelerating. The western world is in the early stage of a panic and “gold rush.”
• There is growing recognition that many paper gold products are not backed by physical gold.
• Mine supplies are not anticipated to rise for several years, if at all.
• Eastern Central Banks are accelerating their purchases of gold.
• Skepticism about official U.S. gold reserves is increasing.
• Large short positions in futures markets must be reversed or “cash settled.” (The paper suppression game cannot continue forever.)
• Gold prices are climbing from their December 2015 low in an established bull market.
• Up to $10 trillion (Doug Casey) in U.S. dollars may return to the U.S. and create dire inflationary consequences if global confidence in the dollar fades due to war, politics or economic policies.
• A derivatives disaster is likely. Counter-party risk will rise again!
• Long after most fiat paper and digital currencies have disappeared, gold will be used as money or backing for currencies.
• Gold will rise to $10,000, or far more, depending upon government and central bank devaluation policies. Expect $10,000 in years, not decades. Read: “Buy Gold Save Gold! The $10 K Logic.”

http://news.goldseek.com/GoldSeek/1492697580.php