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

Roger, that. To have a low hopium level is very understandable after the big dunkings we get.

Elon will beat um all to the punch and make it possible before anyone can imagine

http://www.news.com.au/technology/science/space/china-plans-asteroid-base-for-interstellar-travel-and-mining/news-story/00e9cd1bcab89f2736734074a602ea47

I would NOT be out of either Gold or Silver at any time this year ….A very important 10 year cycle in the Dow and S&P  is upon us in that the years ending in 7 are NOTORIOUS years for crashes…ie (1987) …The Ten year cycle is one of the most important .I expect a DOW top in August followed by all Hell breaking loose…

I expect the FED will make things worse by raising rates  in JULY -August and trigger everything because Banksters have gotten the PUBLIC between a rock and a hard place . They have gotten all the DEBT in place they could and (thats how Banksters make money ..putting YOU in Debt ) when it gets to Maximum the next step is Default ..thats how the Banksters convert Paper debt into Hard Assets through Foreclosure …  The big question is can Trump save the Economy ?

A massive TAX CUT is a MUST !  Save America first and the Rest of the world will follow . If the Democrats dont co-operate it will be 1933 all over again.

Gold will be the only way out and China & Russia are preparing for that event and the US will lose its status as Reserve currency and the ability to counterfeit money . (Print what they need) ……Not even the Democrats want that …unless they’re really Stupidly corrupt and that could be, judging from this years political performance .

Theres a lot at stake thats why Trump has brought in the best Jews he could find and with all their Financial knowledge to prevent a collapse ..if they FAIL THEY will pay a high Price …The Chinese and Russians have no love for them let alone the Muslims and the Sanctuary the US has given them will be at risk !  The Stakes are BIG…!

HUI/XAU UP, most of the miners UP.

Added both JNUG/JDST at the close to balance things out. Lets see what tomorrow brings. Up, or Down, I don’t really care, just pick a direction and GO! I don’t want eeos falling asleep on the last trading day of the week. 🙂

No, No…I’m in the bull camp since the Dec 15 low. Beautiful higher low from  12/15 to 12/16. Then an Int high @ 1377 and this one failing for a lower high of 1295. So, we are in a triangle. This will resolve, I believe to the upside but, for just right now….my hopium level is low.

The mutual funds usually buy those slow moving big ship blue chips later on in up trends.

The PMs market probably cleared out all Johnny come lately the weak hands, that piled into our sand box on the highs of 2016. Speculators always buy on highs and sell on lows.

They always buy in late, wait too long, to MAKE SURE its an uptrend, and also to make sure they lose money. They don’t know it, but they have a subconscious secret desire to lose. It starts at 3 years old.

Yr levels 1200 then 1180/60 are similar to others who have been around for ages and have a huge reputation.

I see Nem is no leader, it shud be if this was a major turn.

Cheers

Yes, Gold bottomed late Dec early Jan 2016. You could call the Jan 16 2016 and Dec 20 2016 lows a massive double bottom. Second low was higher than the first low.

MUX was up 325% in July, BUT it is right now STILL up approximately 160% since Jan 16 2016. AAPL only up about 50%, NFLX +38%, AMZN +50%, MSFT 30%, GOOG 30%, in that time.

@Samb 15:02,

It sounds like you and several analysts are saying the big correction that STARTED in late 2011 is still intact? And the rally that started in late 2015 early Jan 2016, a 16 MONTH bounce?

how much more pain can they inflict? Another 2,5,10 percent?

I think they have overdone the beat down already. I see a little bounce at least until this months OE.

Course, I could, and usually am, wrong when it comes to these wild PM markets. I seem to do better just trying to catch the short waves.

Palladium could be a long term rising wedge. My vote is lower for the PM complex. Crush the hell out of the bugs

You might be right for short term traders anyway to watch out. PMs so like Lilly paddlers, always have to watch what tbeir doing.

I agree, looking just at the Seasonal’s, this is not our best time of the year. I try to bear in mind that the overall markets are so over bought, and the fact Trump could do or say something unexpected at any time. Keeping a little ‘insurance’ in the account seems like a sensible idea.

I’m like eeos, hate to watch paint dry. Go Up, Go Down, there is an opportunity to make money either way, just don’t sit there. 🙂

now that Kentucky Derby, that horse took out of the gate and never looked back. Glad you are watching the paint dry today, somebody’s got to make sure there are no brush marks or streaks. 🙂

Thank you for that write-up on “McStain”.

I think he is a good example of why we need term limits for all elected officials.

Well, everyone is entitled to their opinion and so, I surely have one. Not $gold positive at all. Several analysts had discussed the probability of a dead cat bounce and imho, that’s all we are seeing in here. I have very short term indicators that have been calling for a bounce over the last 5 days. They have been correct. However, the weekly cycles indicate much more downside to go yet, so that all this recent upside will be evaporated very soon. Have you ever seen an Int. cycle low culminate in only 3 weeks? Me neither. At best look for a June low…at best. Support, for now, comes in @ the $1200/1180 zone in June. It’s Dust rather then Nugt at this time…Avoid the Bull trap.

I’m just waiting for someone to throw a large block of ice at me instead. like watching paint dry

Miners 4 Days in the Green. Better throw a bucket of ice water on Buygold, I think he passed out. 🙂

🙂

Sure would like to see something like the 15% Flat tax and do away with the IRS. If the govt can’t live off of 15%, then so be it.

Standard issue for each desk at the IRS