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

would come take that oak wood off your hands. Last winter, which was very mild, but yet saw any type of oak wood going for $235-$275 a cord. You be sitting on a gold mine. All you got to do is cut it up, split it, and haul it up to Georgia.

Good luck. You might want to save a cord or two for youself. Makes for great BBQ flavored chicken and ribs. 🙂

Stolen from another website. 🙂

“Political uncertainty is adding additional weight to the dollar. Turnover — and speculation about potential turnover — within the Trump administration and investigations of the President’s inner-circle have dimmed hopes that Mr. Trump’s economic agenda will be advanced anytime soon.

With progress on the fiscal side hamstrung, additional pressure falls on the Fed and monetary policy. At this point, one more rate hike this year (probably in December) remains about a 50/50 proposition. However, if inflation and growth data continue to come in weak, that probability is likely to recede in the weeks and months ahead.

Our first look at Q2 GDP comes this Friday. Median expectations are +2.5%, but we’ve seen projections erode steadily throughout the quarter. A miss on Friday would pretty much erase any lingering doubts about a September pause and raise considerable doubts about December.

Such a miss would apply additional pressure on the dollar, which would in turn buoy gold and likely push it through the next tiers of resistance. Those levels are 1260.96 (retracement), 1267.67 (trendline), 1278.63 (retracement). ”

Comment: Things might be looking up for the Goldbugs. On the other hand, those General Market short plays I think we should start feathering into.

i have a huge water oak (a type of red oak) tree at my place.  a couple days ago, it was standing up.  now, it’s down.  i have between ten and twenty tons of it on the ground.  free for the taking!  all you need to do is cut it up and haul it away.

one limb of it crushed this gmc van.  another limb crunched our christmas tree from my son’s first christmas.  the van was for spare parts for another vehicle – no big deal.  the christmas tree is a serious loss.  🙁

water oaks have a reputation for doing this.  the main trunk (five foot diameter, but hollow) is still standing, but it dropped four or five huge branches weighing several tons each.

free firewood!  come and get it!  bring your chainsaws!

How many people buying American cars are made just in America? Trump even brought that to light. We’re your foreign born friends buying Chevys which is a popular brand for Hispanics in southern Calif but not they have plants in Mexico which I believe cause the influence. In the 60s they made a lot of awesome looking metal flake low rider cars. Wasn’t too impressed with the low rider part though. Some could raise up and seemed they competed to who’s car could bounce the highest.
Even they have wars that make no sense. Last few years it’s been a north and south hispanic division. That started or so I was told in prison where one or the other don’t remember south or north stole a pair of shoes from the other and since then they don’t like each other.

As far as these so called refugees from Africa region a african woman told me years ago that just like here we have welfare neighborhoods. No different there. They just got a better offer.
The rest of what you mentioned it will just continue until people start making a big enough stink about it.
Until then it might be your kids or grandkids on welfare who don’t wanna be and burying people. I have hope for these millennials that aren’t falling for this so called progressive liberal crap to benefit themselves at the expense of everyone else.

Copy that, we were sold out long ago. I have some foreign born friends (Chili and Salvador) that only buy American cars. I have native born 3rd generation friends and relatives driving Toyotas and Hondas. To me? They are not real Americans. They are global citizens, not patriotic. The foreign born ones  (from Chili and Salvador) that drive American cars? I consider them real patriotic Americans.

Interesting. It seems like the people in the rest of the world take it for granted that the USA is here for their benefit. Fight for them, foreign aid, export our jobs, import their excess population. It all culminated in 2008. I really don’t care what happened anymore. The damage has been done and ongoing.

I was even thinking about buying a Kia lately.  Naturally if I did, I would put a Chevy or GMC emblems on it.

Hear hear. Once upon a time there was a city called Gloversville, NY. It was in the foothills of the steep Adirondack Mts. All major cities/countries imported these gloversville gloves…worldwide!  Best equipment, best trained workforce. best tanning facilities…you name it. WW2 aftermath caused US Gov’t to export their best people and equipment to Italy for free training and glove making. Gloversville could no longer compete with low income Italian wages. Bye Bye Gloversville…Sound Familiar?

re “everyone was doing well”

Maybe I didn’t say it right. I didn’t mean EVERYONE was doing well. What I meant was in GENERAL the living standards in the USA were high after the war, until until ’75, and down the country went in general. Not EVERYONE went down. Retail got good, (until recently) with cheap imports to sell. Cops salaries are still middle class at $175K here where I live.

re “second post you recognize that many people were hurt.”

Yes two different eras. ” One good one bad as a whole. 1945 to 1975 generally good for most people and businesses, but not all.

1975 to 2008, generally bad for many but not all. There are many people after doing better these days, plenty of money to spend, because they are living FREE in their homes. The real estate crash in 2008 created millions of defaults. TPTB gave or promoted, no doc liar loans.

Remember gold de-peg 1971, .25 cents per gallon gas. Gas lines ’73 ’75 etc, gasoline 5 times more $1.30/gal. Interest rates 6% in ’71, by ’81? 18% mtg rate. Crash in ’87. On and on and on.

With insourcing on top of outsourcing no ones safe. Ie so called refugee from Somali or somewhere given job as cop just shot in cold blood a Aussie woman reporting a crime walking to their car, engaged to a American. I know of two insourced nurses both from Africa that could be from anywhere who were going to trial for killing a patient each, both left the country.

Your posts of 17:43 and 20:10 express opposite facts.  In the first post you make it sound as if everyone was doing well; in the second post you recognize that many people were hurt.  So if I have the wrong impression of you, perhaps that is the reason why.

re your…Just because your life wasn’t affected doesn’t mean that everything was peachy keen.

I only care about the whole country as a whole. My life occupation was ruined after 1975. I should have NEVER got involved in manufacturing back in ’64. One big mistake. We NEVER thought our own gov’t that we paid taxes to, would give away and share our occupations with foreign nations.

Cops are safe, teachers, auto mechanics, auto sales, real estate sales, medical jobs all can’t be exported, all safe jobs supported by gov’t tax receipts. All the companies I worked for until ’75 no longer exist except one, that have gov’t connections.

Self employment after that, and all my customers went bankrupt. I gave up my business, after taking too long to get paid, and one went under owing me money. I think you have a wrong impression of me. Millions of manufacturers got laid off and took 40% wage cuts on new occupations.

Same as you…LI, ny. First Queens then Nassau. The women relished the idea of being financially independent. Not only would they help the monthly budget but, that old washboard could be scrapped for an automatic washer in due time. The men were not thrilled about it but just accepted it out of necessity. That’s how it was. Orders were given to the elder children to take care of the young ones and to bring in those heavy steel garbage cans, etc., Orders were followed.

“Why are you looking for a fly in the soup ’50s…”

Just because your life wasn’t affected doesn’t mean that everything was peachy keen.  I guess you missed that part where businesses had to close down.  As long as it wasn’t your business, then life is just grand, eh?

but can you wait until after OE on Thursday? I need my JDST to clear the deck first. 🙂

And thanks for the articles posted this evening. A man needs a little optimistic news in the gold pits these days. When ‘daddy’s bank account’ ( The Fed) dries up, the general markets are headed to Zool in a hurry, and the PM’s will be one of the few places to run. imho.

I am expecting a very rewarding fall season for the goldbugs.

I was only 14 years old. I don’t remember any hard times, so I googled it.

Part:

“a sharp economic decline that only lasted eight months. By the time recovery began in May 1958, most lost ground had been regained. As 1958 ended, the economy was heading towards new high levels of employment and production. ”

Comment:

If your going 90 MPH with a loaf under each arm, and slow down to 65 MPH and lost one loaf, it can feel like a down turn. Like China slowing from GDP of 10 to GDP of 7 :). Nobody’s wife worked after the war. During yes. But not after.

My older brother had first a Model A ford $5. Later on a 49 Ford Convertible, then a 50 Chevy convertible, then a 54 Ford convertible, and later on got married, and a 1959 Chevy convertible. My father bought a brand new 1960 Ford.

The cars were SOOOOO simple to fix. My brother once changed the clutch in 3 spd stick tranny on the 50 Chevy at the curb in the snow. Tune ups? Plugs points and condenser. Gap the points with a match book cover. The fuel pump was a little thing $10 on the outside of the engine.

The 50s and 60s were great. If some people were humble there must have been something wrong. Lazy? Handicapped? Twelve children? Wrong occupation? Minimum wage was adequate for two kids. My grandfather unskilled labor had 8 kids and wife not working.

After the Great depression the Gov’t (tax absorbers) got smart and did not allow people, to pay other people coolie wages. Call it a tax on business. After 1971? The gov’t (run by business) allowed coolie wages. (tax breaks)

Why are you looking for a fly in the soup ’50s and ’60s?? 🙂 Imports and globalization killed USA living standards after 1975. The only really good years were an accident between ’45 to ’75.

https://en.wikipedia.org/wiki/Recession_of_1958

Market Forces are Aligning for a Powerful Trend in Gold Prices

Lior Gantz, founder of Wealth Research Group, believes that fundamentals for precious metals have been confirmed and expects a major rally.

Now, a greater portion of investment banks’ commodities revenue is coming from more liquid and transparent products — and generally less profitable — such as jet fuel hedges for airlines, or simple natural-gas swaps, according to an ex-Wall Street trading executive who asked for anonymity so that he could speak freely.

“It’s back to how it was in the mid-90s where it was just a client intermediation, risk management focus,” Trapp said.

Goldman may yet decide that its initial instinct was correct and continue waiting for a rebound in the commodities business. Or it may shrink its commodities division — much as its long-time rival Morgan Stanley has done.

“The low-volatility environment that we’re in now is unprecedented and unlikely to persist,” says Craig Pirrong, a business professor at the University of Houston. “This would probably be the wrong time to get out.”

http://gulfnews.com/business/sectors/features/it-s- crunch-time-for-goldma
n-sachs-in-commodities- 1.2063016

You neglected to mention the awful recession of the late 50s…it made life hell for a bunch of people.

The Recession of 1958, also known as the Eisenhower Recession, was a sharp worldwide economic downturn in 1958. The effect of the recession spread beyond United States borders to Europe and Canada, causing many businesses to shut down.

You think I’m not going to do it? This is the best car for the money anywhere. PERIOD!  No car dealer scumbags, markups, cons for floor mats, people faking it in other rooms wasting my time. No emissions test, practical, safe. I’m in.

Ernie Petrocine, a Tesla owner in Colorado, calls the Model 3 “the best car in the world for $35,000”, though he doesn’t expect it to cost him anything like that. With $7,500 in federal subsidies and a further $6,000 from Colorado, he hopes to bring the cost down to $22,000. Read more at FT

Re your…

“Also the picture that you paint of the good old times was not true for many, most especially white collar workers. They did not have a union to protect them.”

You did not mention what area of the country was depressed in the 40s and 50s. I would be interested to know. I guess a lot depends on the state people live in. I was in manufacturing, (birth of wealth) and not protected by any union. No unions in any sheet metal or machine shop. Unions only in duct shops real estate related.

On long Island there was excessive manufacturing businesses. Shortage of employees. Plenty of over time pay too. It was almost mandatory. You would get “punished” if you refused it and insulted the boss.

In a sense, office workers were simply not worth as much. Not producing anything. They were considered overhead costs, and supported by manufacturing profits. The office workers should have gotten jobs in manufacturing. Not as cushy though. Noise, hot, smelly, get burnt cut, hurt your back etc etc. More fun in the office taking the easy way out.

Watch the Smithsonian Channel. Lately they are showing “America in color”, re the 30s 40s 50s etc. The late forties they said set the stage for prosperity.

Road projects, people buying cars, taking two week vacations, “see the USA in your Chevrolet” Christmas  gifts under the tree etc etc etc.

If Minimum wage kept up to inflation then there would be no inflation to speak of for most.  Also the picture that you paint of the good old times was not true for many, most especially white collar workers. They did not have a union to protect them. From the late 40’s to the mid 50’s many, many struggled to provide for their family’s. And many children’s piggy banks were appropriated so as to have a small meal on the dinner table. I know, I was a witness there.

Edit, This was the initial period where women first contemplated leaving their home to get a job other then housewife. A decade later it became common for women to find employment once again. Two provider incomes then became the standard for the middle class.

Far East and Europe were fine, but as soon as US SM opened scum have sat on shares non stop……another example of flat out corruption….

and just to piss realists off some more, that joke TSLA is up over 4 % !!!!!

Geno’s upstairs apartment around 1966 was $90/month including utilities. So it took 64 hours of $1.40 min wage, to cover the $90/mo.

The same apartment these days is $1500/mo.

At todays Min Wage $7/hr the same apt needs 214 hours on min wage instead of 64 hrs. If you divide 64 hrs into todays $1500 rent, it means Min wage today should be $23.43 to equate the $1.40/hr.

Back in the day, a poor person, or high school graduate, could buy many of the same things as a wealthy person.  A Corvette, Cadillac, waterfront house etc. With loans of course. The rich back then probably didn’t like that. 🙂

I did mean the games will take down the brokerage houses. The situation you mentioned is an example. What happens if the stock goes up and the buyers cash in? The brokerage is on the hook for the amount of the shares not purchased . What about all the naked shorting of the stock they want to drive down? What happens when the derivatives go against them? The brokerage houses use house accounts to move the markets the way they want them to go. They sell huge options and buy the opposite options and then push the market at expiration. They buy up huge amounts of mortgages and package them for sale.They also sell derivatives against the best interest of their clients.

This all takes huge amounts of  fiat. If the fiat spigot runs dry, The whole system runs against them. Think EF Hutton. Even a lot of people who are correct in the market will lose because the brokerages become insolvent. Look up MF Global.

rno