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

The following article makes as much sense as anything to me.  Seems the Global interests are more concerned about propping the abortion known as the EU, than any other worries on their plate at the present time. If the European Union continues on its path to breakup, they gots major problems.

“The weaker dollar is more a function of euro strength, which has garnered support from increased confidence that Emmanuel Macron will soundly defeat Marine Le Pen in Sunday’s Presidential run-off election. Polling in the wake of their final debate showed Macron’s lead was widening.

The eurocrats in Brussels are surely breathing a little easier. However, even if Macron wins, people are going to have to address how he will work with Parliament. Macron’s En Marche! movement has precisely zero MPs currently. Even if some converts to En Marche! become MPs in June, he will have nowhere close to a majority.

This may be setting Macron up to be a lame-duck from the get-go. If Macron is unable to affect change, the French people are likely to wind up being very unhappy. But hey, at least nobody will have to worry about a Frexit referendum for a while.

With Italian elections on the horizon however, Italexit might be the next cause for concern for Brussels. Italian elections are expected to occur within the next year.

The Fed seemed inclined to ignore weak Q1 growth yesterday, calling it “transitory”. However, there may have been a little concern expressed about soft core inflation and inflation expectations: “Excluding energy and food, consumer prices declined in March and inflation continued to run somewhat below 2%. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.”

http://www.usagold.com/dailyquotes.html

We’re all dealing with the same situation or feelings with PMS which seem to have no clear direction and can be manipulated for economic reasons which has driven a lot of investors away from it. We just express it in different ways and I bet there’s more ways that some posters are to nice to say.
Same time there are people out there distorting the facts about what makes PMs move. The dollar can go down but might not make the PMs move up without other factors involved when the U.S. Dollar is one of the currency’s to move too and many time currency’s move first. Remember when gold reached its highs in the 80 dollar was moving up and continued past gold. When dollar moved back down gold didn’t move back up in inverse. It has periods of rallys but then headed back down.

http://www.marketwired.com/press-release/klondex-reports-first-quarter-2017-results-reiterates-full-year-production-guidance-nyse-mkt-kldx-2214277.htm

When you think of how much financial influence bullion banks have over mining companies you realize the BB’s are in effect defacto co-owners. Furthermore it is totally logical that their goal would be to keep pumping gold and silver out into the market at a price that is as low as possible, without bankrupting the mines. Deep Storage at its finest, with totally quiescent mining CEO’s and MSM. I know there are some out there who follow mining stock prices and believe there’s a pot at the end of the rainbow. To me the evidence of the past 20 years says HOW? The best thing that could happen to gold and silver prices is if mines would either STOP producing, or else severely curtail production. Digging up thousands of tons of gold and silver for $1200 and $16 only to fork it over to enemies for the purpose of keeping a derivatives scam alive is lunacy. Lumber is a beacon light for those who beg to differ.

The glimmer of hope lies in the odd goings-on with gold and silver OI. If it is a Sovereign taking on the evil-doers it will get interesting in a hurry. If, on the other hand, the situation devolves into the same old cash settlements and WTF moments I’ll look forward to our mining industry continuing to be enablers for psychopathic fiat-addicted banksters.

James Mc

World Gold Council

Q1 gold demand: down 18% from last year’s exceptional high

Global gold demand in Q1 2017 was 1,034.5t. The 18% yearonyear decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s nearrecord inflows. Slower central bank demand also contributed to the weakness. Bar and coin investment, however, was healthy at 289.8t (+9% yoy), while demand firmed slightly in both the jewellery and technology sectors.

What Monex is saying in this case may well be true but I sure as Hel# wouldn’t have any dealings with them. I have heard many bad things about them over the years. I’m surprised they are still in business.

So what you are saying, (in 1980) its better and more important to have a better than USA high quality car, even if it lowers living standards, ruins the country, and we get a $19 trillion national debt? If those cars are TWICE as good, they should cost twice as much. And they DO. When you figure the loss to the country. That’s called dumping. Like the imported lumber and high quality steel selling at lower than cost.

“My concern is what will the TPTB do to Bitcoin if/when it becomes a threat?”

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Bitcoin is already a threat to the Central Banking system. They recognize it. They cannot do anything about it as it is a peer-to-peer system with it’s own transactional network and blockchains that cannot be ‘hacked’ without it showing up in multiple, redundant cross-checks by every verifying node in the system. The banking system is trying to learn from this and construct their own blockchain-type systems. They will be latecomers to the party with low confidence and adoption rates.

Study Bitcoin. The more you know about it and how/why it was invented, the more you will understand how it is an end run around the present global transactional system… freely held by the users of Bitcoin.

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“I wish I could get excited about all the new ether money, but a cashless society seems tailor made for fleecing the sheep.”

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Only if you don’t take care of your own wallet!! That applies to paper as well as ‘bits’ Study bitcoin.

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“In 500 years gold will still be gold.   Bitcoin?”

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In 500 years, I will no longer care about bitcoin, OR gold! I used to view ‘shorting gold’ as being about as sinful a thing as could be done by a ‘goldbug’. But many here still do it, as the market dictates that you must in order to make money in view of the ‘external forces’ that force gold down. Here’s a stark truth that many still do not get:

Your money doesn’t care where or how you made it!

And you can’t take it with you. The moment of power in History is NOW.

You’d have to think that if China went into some kind of deflationary collapse, that it would negatively effect the economy of the US plus other countries in the world … and then if they were imploding they’d be really pumping out the fiat money.

If this was going on I don’t think there’s any chance of the US tightening towards normal interest rates. (of course we know that’s unlikely anyways)

What happens when they start selling their US debt? Would they try to utilize their gold stash?

You can,t beat the modern rice burners, whats not to like, good power, great gas mileage and few repairs. Want proof, check out the resale value of GM, ford, and chrysler compared to Japanese.

no idea…..SLV dn 14 days straight…unreal, but very real in scumworld.

Meanwhile back in the real world

White South Africans Are Preparing For “Removal of All Whites Within Five Years”

http://www.zerohedge.com/news/2017-05-04/white-south-africans-are-preparing-slaughter-and-removal-all-whites-within-five-year

Sure the above won’t happen tommorow…but it will happen before very long…..

The whole system is a square peg in a round hole. All values are distorted. Including moral values. All the ETFs are also screwing things up.

They were very rigid and strong. Unibody was next. Like an aircraft fuselage. When the modern cars, get rear ended, the body shrinks and jam up the doors, and can’t be opened. Near by a Toyota Rave 4 was real ended, family of 4, parents and two kids. The wife got out just in time and could not open the other doors and watched her family burn up in that car.

I’ve seen many others that went up in flames, and NOTHING in the news, or from Ralph Nader to bash these modern, gas miser, imported, environmentally friendly cars. They OFTEN end on on their sides or upside down. I saw one on its tail up against a tree, and another time one up on its nose against a tree.

Also often I read the cause was “Loss of control”. My opinion is these stupid looking low profile tires. Two inches of sidewall. Rim to road. Not engineeringly correct. No flexibility. Long ago a Corvette owner tried them and told me they are no good. He said, “On a fast exit ramp, you get no squealing or screeching to WARN you. They break loose or lose traction suddenly and you slide sideways, out of control.

C’mon folks, everyone in this room is smarter than I am.

Tell me why the USD is down with commodities!

What does it portend for the future?

Talking to a Monex dealer today, very interesting. The physical buyers that take delivery, are buying, the speculators are selling like crazy. He said the speculators always buy like crazy on highs, and sell like crazy on lows. Seems they store the speculators bullion for them, or something like that.

The central planners are simply barking up the wrong tree. They obviously don’t know whats wrong, or they DO know what’s wrong, and fixing it goes against their special interests, or are too proud to admit everything they mandated in the past was a mistake.

Like for ONE, objective was getting general wages lower in the USA, allegedly to cool the so called inflation of the 1970s. But truth was big business wanted more profit, and soon after started out sourcing jobs for profit.

1979 news:

Ford Pinto blows up when rear ended.

GMC or Chevy Pick Up blows up on T-Bone hits.

Chevy Corvair, “unsafe at any speed”.

“We don’t want those dirty air polluting factory jobs”

“The US consumer will glean cheaper high quality consumer products.”

“Free Trade will create more jobs for Americans”

Before all that, car companies to compete, and encourage buying imports, they stared building US cars with lesser quality, and used imported recycled steel, to make more profit, and make sure they rust out so you never buy another USA made car.

They NEVER gave an honest CPI, constantly under reported cost of living index, to keep pay raises low, social security minimum wage etc.

And now these BOZOS running things, think low rates, lower taxes, and mass psychology will fix the lack of consumer spending.

what a joke

Have the idiot scum set off a commodity collapse, with their crushing of AG, that may spill over into a general collapse….

Someone was long a boat load of AG recently, hence the record OI, they have probably been kicked out and may well have dumped loads of other commodities, due to margin losses, thus setting off a cascade.

The Chinese I know use commodities as collateral and then leverage/ponzi up on them…..that is possibly what is going wrong. All set off by the scum’s mindless devotion/obsession with weak PM’s and a Strong SM/Dollar.

Remember last year the scum had to stop crushing Oil, when they realised how big a part of the economy it is and they were in danger of setting off a major world wide recession….they ain’t that smart.

so I guess it could be worse, although I doubt many oil shares are down 5-10%

So is weaker oil/weaker USD a result of the petrodollar?

Something is simmering under the surface, we just don’t know what it is yet. The big boys do though.

Arm’s reach? Could I stand the smell? 🙂

So the House passes the Trumpcare bill, which if the Freedom Caucus endorsed is a good victory for Trump, course it will likely be obliterated and changed by something more similar to Obamacare by the most corrupt body in the world – the Senate.

Good for DJT though, he needed a victory.

Of course, the SM rallies…same old.

I’m still waiting for someone here to explain why the USD is falling with commodities…..

And yes, am picking up a few shares of some overly beaten down miners such as MUX. Saving what little reserves I have in the trading account for signs of a reversal tomorrow. Never been good at calling tops or bottoms, but think we are close to a low here and now.

Hanging in and hanging on. Screw the banksters ! 🙂

https://goldswitzerland.com/

You will have to scroll down the web page and look for the article title.

Yes,he is selling something. But I think his views on gold are something to keep in mind. If you do not agree with his premise, than Apple or Telsa are our best bet. 🙂

Best to all, and Buygold, its good to see you back ! And BG, trying to dump that Admin title off on me….just be happy I am not standing within arms reach of you.

Yeah, I read that article and there’s definitely some confusing cross currents going on. I still can’t really understand the correlation with the USD as it seems to be falling with the commodities.

Maybe Farmboy and drb2 are onto something and a lot of this pm selling is contrived. Either that or the commodities are all just being dumped in one big basket – seems more likely.

At the end of the day, if the world goes into a deflationary spiral like the article would seem to suggest, the CB’s will have to pull out the stops to reflate. Doesn’t do much to ease the pain of the carnage now, but might help us down the road?

Let’s count our blessings we weren’t born there!

I agree it’s tough to control the internet. The truth is out there … and undermining the NK govvy.

North Korea is a country of idiots. North Korean helpful tip: You don’t need guns to fight. I think it’s a country of wimps. A bunch of men that are soft. I call it the country of short wood. No one has any guts. Surely there are people that are hiding behind vpns that know what’s going on around the world. Fat boy Kim can’t stop people on the internet any longer