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

Theyre all turning into Give me’s while these Mid East people have no jobs or money. So where is all that money going if not back to citizens. Yeah just had it over. Do they want coffee with that too?
Id say close the borders. Are they that helpless they can’t close the borders or worried about their proposed pipeline. Theyre worried about something.
Turkey backing from Paris Agreement too since Trump no longer giving tax payers money up to them while killing jobs here even though we’ve done more than them about it.
https://www.ft.com/content/bbef9a42-64c0-11e7-8526-7b38dcaef614

Thanks for the response. 🙂

We’ve been hammering this stuff out for quite awhile. What’s going on now is waaaay outside the realm of reality or even possibility.

There is no rhyme or reason behind any of these markets. Unfortunately I’ve had the last few days off to watch the never ending selling of GLD, SLV, GDX and GDXJ – even as the USD went lower. It is non-sensical comedy, pure ridiculousness that never ends.

Oh well, I have to go replace a broken sprinkler – that’s the only G-Dam reality I know. Enjoy your weekend friend. 🙂

Dismal Data Sends Stocks To Record Highs As Short Interest Collapses To 2007 Lows

Global Capital Markets Have Added Over $11 Trillion Since Trump’s Election

Since President Trump’s election, global equity markets have added more absolute value than at any time in history (around $12 trillion) – surpassing even the front-running exuberance that started when Bernanke hinted at QE2 in 2010.

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• Jul 14, 2017 3:50 PM
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Why Has The Thinking Class Of America Abandoned Thinking?

The abiding enigma of this tormented era remains: why has the thinking class of America abandoned thinking? The answer is: it’s the reaction to their own failure. Failure to do what? To produce the utopia that Gnostic liberalism promised – a perfect world based on altering human nature.

Just unreal how all last hours are being lent on…it is all so obvious.

The shares are becoming a forgotten mkt…just what the scum want.

At this rate I will need a new screen every day…grrrrrrr!!!!!!

Cheers

Who the hell knows.

COT Report for entertainment purposes only

http://www.cftc.gov/dea/futures/deacmxlf.htm

I don’t think the NATO allies know what to do about Turkey. They don’t want to drive them towards the Russians … but how good an ally is Turkey anyways?

The Turks are using migration as a weapon against the EU. Then today I was reading that they’ve prevented German legislators from visiting German soldiers based at Incirlik Air Base. I don’t think much of Erdogan!

They’re going to do what’s good for them. Thank goodness and hopefully we have a current president that’s going to do what’s good for us and not take orders or bribes from others like our past administration. Meanwhile people getting sick and tired of the conspiracy distractions from the left and right using it to stall. The real things like health care and tax reform with some of the arrogant right being just as bad. Guess they want to keep their easy money coming in as long as they can. That’s what it looks like anyways. Speaking of conspiracys and Alexia the talking robot. I saw something can’t remember the exact words but everytime someone asked if Alexia was working for the CIA or something it would shut down. Maybe it’s programed for them not to record. On the other hand it came in handy when some guy beating up his wife called the cops on himself mentioning the COPs so Alexia called 911.

If you see your land turning into quicksand get out.
Two houses swallowed up others evacuated.

http://abcnews.go.com/US/active-sinkhole-swallows-florida-houses/story?id=48636340

USD at lows of the day, G & S  and most shares, off the highs (par for the course), although RGLD looks strong….

Problem is always the same – endless sellers of everything pm and endless buyers of the ridiculous SM

Rates up, rates down, USD up, USD down = SM up

Name it = pm’s down

As always, there are no markets…

Right, so what country on the border of europe and Greece is helping migrants get through. They must be making a bunch on human trafficking

So glad to hear that you are prepped for whatever ill wind may blow your way.   And thanks for all the lovely tea cups, makes me feel better after I broke my gold-rimmed saucer, don’t ever use that teacup anymore…so it is super good to see your morning tea greetings.  Take care of yourself, we love you.

http://www.zerohedge.com/news/2017-07-14/speculators-sour-gold-and-silver-which-means-bottom-near

Playing this indicator – known as the Commitment of Traders Report, or COT – is of course just a way to pass the time while the real underlying forces affecting precious metals work themselves out.

Those forces – rapidly accumulating debts which leave central banks no choice but to inflate away their currencies – are still accelerating in most places, and the inevitability of mass-devaluation will become clear when the central banks now talking about “interest rate normalization” and “balance sheet reduction” are forced to admit that those things are impossible, and all that’s left is debt monetization as far as the eye can see.

On that day it won’t matter what futures traders – or junior miner ETFs – are doing. The physical precious metals bid will go infinite — that is, big players holding useless cash will buy up all the gold and silver that’s available, at pretty much any price that’s demanded.

Turkey ready to splash out $2.5bn for Russia’s S-400 air defense system – report

https://www.rt.com/news/396292-turkey-russia-air-defense-deal/

Yeah, something I guess. It only took the scum 54 minutes to gain control over the gold price after capping $1230

Whoever is doing the selling did another spectacular job of selling the open.

Wash, rinse, repeat.

I think higher gold prices makes Goldbugz paranoid … for obvious reasons …

Acacia Mining (LON:ACA), Tanzania’s No.1 gold producer majority owned by Barrick, has agreed to pay higher mining taxes in the country even though it’s still disputing in an international court some of the changes to the laws governing its three gold mines.

The company, which spun off from Barrick Gold in 2010, will now pay a 6% royalty, up from 4%, on metallic minerals including gold, copper and silver. The miner also said it would continue to pay the recently imposed 1% clearing fee on exports.

Acacia’s decision to comply with higher royalties fits experts forecast that companies already active in the Tanzanian mining sector will stay put, despite the much-less favourable regulatory environment.

cont. http://www.mining.com/acacia-agrees-pay-higher-taxes-set-tanzania-new-mining-law/

The obvious caps for the day. Beats the alternative instead of heading back down

At least they haven’t come into crush the shares yet.

We’ll see.

I shall now describe to you all where the technical analysts go awry; it lies in the realm of “data”. Where they all fall upon sharpened Swords of Damocles is in their total and uncompromised abilities to worship at the altar of raw data in the form of “charts” or as an old mentor used to say, “tea-leaf reading”. Their arguments are that interventions fall into the category of “events” and that the term “manipulation” is irrelevant because of the duality of both bearish and bullish manipulations. I argue that the bullion bank traders working in the space as “Commercials” have unfair advantage in that they are permitted (and some would say “encouraged”) to orchestrate price movements that create the illusion of technical “events” such as breakdowns or breakouts. These events are designed to trigger buying by technical funds, by algorithm-driven funds, by Large Speculators, and by private investors. This happened back in early June when Commercials nudged gold through a technical “resistance” level around $1,260 and then fed thousands of ounces of synthetic “gold” into the market to do two things: 1. Satisfy all demand generated within the traditional technical funds, Large Specs, and private investors, and 2. Cap the rally. By definition, point 2 falls into the category of “manipulation”.

Here is the COT report from May 16th with aggregate Commercial shorts at 142,859 and the gold price at around $1,230. There is no evidence of an impending rally based on the activities of either the Commercials or the Large Speculators. In other words, there is no “event” that would imply a bullish intervention.

CPI – miss

CPI – Ex food and energy – miss

Retail Sales down – 0.2% – miss

PM’s seem to be benefitting a little, but as usual no race to the upside.

Looks like Yellen has reason to be concerned – funny how data points match her speech and not the other way around.

Thanks for that!  Not only the Eclipse next month, but it is Hurricane season in the East Pacific.  “Fernanda” is cooking up right now for a close pass next week, so it is prep time right NOW.

I took a 100 mile trip over the mountain to Costco to load up on everything.  The Saddle Road goes up 6,500 feet into the saddle between Mauna Loa and Mauna Kea to connect the east and west sides of the island.   It was a poor, winding, bumpy 35mph (risking your life!) road I remember from the 1980s.  The county had done an amazing job of widening and leveling it into a 60mph highway for over 90% of the way.  Still a few construction spots & slowdowns, but it is a wonderful, point-to-point highway now.  Local people still avoid it and prefer the belt highway at lower elevations around the rim of the island.

Biggest problem is managing one’s engine, transmission, and brakes.  There are some insane long slopes to climb and come down on each side.  Doing it at 60mph and trying not to become a runaway vehicle on an 8% downgrade (Truck Warning signs) is a bit of a thrill.

But I got my hurricane preps.   Let ‘er blow!

This is Mauna Kea State Park in the saddle at 6580 ft elevation.  The slopes of the mountain tower next to us, up to a summit at 13,796 ft. elevation.  This is representative of the quality highway over the hill now.

It’s Friday, and I know Farmboy….

In the event of economic collapse…  The German “two horsepower” locomotive
http://www.railpictures.net/photo/622906/