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

Welfare For Electronics Parts Producers, and auto mechanics, Exhaust gas analyzer, Carbon dioxide sensor,

Posted by Mr.Copper @ 14:15 on July 3, 2017  

manifold absolute pressure sensor (MAP sensor)

mass (air) flow sensor (MAF)

oxygen sensor (or lambda sensor)

None of that crap is needed on car engines. Global warming and fuel saving is welfare jobs. God forbid the US makes its own consumer products

Moggy….I know… It was worth repeating

Posted by Auandag @ 13:59 on July 3, 2017  

Wow!

Posted by drb2 @ 13:56 on July 3, 2017  

Wow!  gotta say – today was one serious ass whooping!!  never saw it coming.

I love this sector.

please, sir – may I have another on Wednesday.

New York Must Be In The second Great Depression

Posted by Mr.Copper @ 13:51 on July 3, 2017  

I see tons of “pork barrel” and WPA type stuff all over the place. Imo the whole USA has been in an invisible stealth depression after 1975. Lots of fake jobs financed by gov’t borrowing and taxes.

Auandag

Posted by Moggy @ 13:48 on July 3, 2017  

I posted that video yesterday.

My New Guru

Posted by Auandag @ 13:08 on July 3, 2017  

She lays it all out in a clear, concise manner.

https://www.youtube.com/watch?v=KrdWIb7FYiU

as a distraction on “Beat down Monday” here’s an interesting (?) article – FWIW

Posted by drb2 @ 12:53 on July 3, 2017  

PRESIDENT TRUMP, “MAKING AMERICA GREAT AGAIN”, THE GOLD STANDARD AND A 230% INCREASE IN PHYSICAL GOLD BAR DELIVERIES – ALL CONNECTED?

http://averybgoodman.com/myblog/2017/03/04/president-trump-making-america-great-again-the-gold-standard-and-a-230-increase-in-physical-gold-bar-deliveries-all-connected/

Richard640 @ 11:50 on July 3, 2017

Posted by Ororeef @ 12:41 on July 3, 2017  

bit-gold

Is BIT COIN a DERIVATIVE of GOLD  ? without – the store of VALUE feature ? Its been moving with gold ,up and down but its minus golds intrinsic store of value  !

Is it an perpetual OPTION on GOLD with NO value of its own  and No strike price ?    Enquiringly minds want to know !

COMMODITIES BOTTOMS Vs Financials (Plateau)

Posted by Ororeef @ 12:23 on July 3, 2017  

plateaumany commodities are making lows.. coffee june 22,.cocoa june 22,sugar june 28,copper may 9,nickel june 1, nat Gas june 20 Heat OIL june 21,gasoline june 22,cotton june 23

and then theres the ROGERS commodity index RJI june 21…Rogers Agriculture index june 27  lows .

So it seams we are entering a bull phase for commodities and metals in the JUNE time period    as Financials are topping OUT  !   Just look at the  “permenantly high Plateau” for Financials & Banks !

If Gold has an 8 year cycle

Posted by Ororeef @ 12:01 on July 3, 2017  

then the LOW in 2009  plus 8 may be repeated in 2017   and the HIGH in 2011 plus 8 = 2019    …that s   OK with ME !

The yearly seasonal starts at JULY 4th makes this an ideal market time for a two year RUN   !

Now we need for Trump to get the message as most Gold bugs supported him ..he needs a REMINDER !

Don’t worry, be happy…and keep your gold….

Posted by Richard640 @ 11:50 on July 3, 2017  

Bitcoin is Not Money ( and Neither is FIAT)

Here is why we cannot:  Bitcoin is a medium of transfer. It is not money yet. It will likely NEVER  be money.

While it shares one excellent characteristic with Gold right now, that being it is a borderless  currency, it will not sustain that quality as envious governments, banks, and corporations will demand it be reeled in. And as such, it will NEVER  be a substitute for Gold. And we are aware that the use of superlatives is ALWAYS a sign  that an argument is specious.  So be it.

Bitcoin shares with Gold for the moment the ability to unshackle people’s economic freedom, but it is ludicrous to think it could satisfy the other requirements needed to be called money let alone the other qualities that make gold the best example of the definition of “Money” itself.

  1. Medium of exchange: Bitcoin satisfies this. It is used as a means to transfer your Rubles to Dollars without being “watched”. Not unlike how the USD is used to convert your chicken sales into a purchased cadillac. But different in the sense the Government is watching that trade and will not let you sell your chickens to that guy in Haiti even though he is offering a higher price. 
  2. Unit of account: Bitcoin is too volatile, and not “commonly accepted” as a standard – although that may change as it evolves. just know that volatility undermines confidence in a currency (Zimbabwe, Reichmarks etc)
  3. Store of value: Bitcoin does not hold its value over time. Yes it is growing in value, but that is precisely what we mean. It is also NOT a convenient way to store wealth. Just ask the guy expatriating Yuan to Australia to convert it to  USD and his Bitcoins drop 20% in 5 minutes. Stability is key. And Bitcoin has none of that.

FIAT is a horrible long term store of value. Bitcoin is a horrible short term store of value

Do a Sharpe vs Sortino ratio comparison on both BITCOIN and all FIAT to make our volatility point. We are sure the Sharpe ratio will show up as lower in both  Bitcoin and FIAT than their Sortino ratios. And the Sortino ratios will show most volatility in Bitcoin is to the upside, while all FIAT will show volatility to the downside.

The USD:  slowly sucking you dry.

?Sharpe Ratio says “Low Volatility!!” ; Sortino Ratio Replies: Yea but it is all to the downside Post Bretton Woods 

Bitcoin: All upside, unless of course you store your wealth in it today and are fine with it being +/- 20 % when  you go to buy lunch with  it.

http://www.zerohedge.com/news/2017-07-03/dear-bitcoin-wealth-preservers-youre-doing-it-w

A little more than 50 % retracement of the low in 2009 -to high in 2011 is a good takeoff point for Wheaton Prec Metals W.D.Gann always watched the 50 % level as a turn point

Posted by Ororeef @ 11:48 on July 3, 2017  

wpm-50retracement

Ororeef @ 11:31 Of All The Guru’s and Letter Writers,

Posted by Farmboy @ 11:47 on July 3, 2017  

those 30 year seasonal charts are probably the MOST reliable. Appreciate your posting them and keeping them front and center here at the Oasis.

Ororeef–thanks for the post-that tells me that a low for gold could be today or this week sometime-

Posted by Richard640 @ 11:34 on July 3, 2017  

July 4 begins the Seasonals where AU & AG end the month HIGHER than it began the Month

Posted by Ororeef @ 11:31 on July 3, 2017  

gold-seas silverseas

eeos @ 11:08 OK If I Use You As My Guru?

Posted by Farmboy @ 11:12 on July 3, 2017  

Remember a month or so back you called a buying season this summer. Right on my friend !
Time to add some ounces. Gonna need some bucks for fishing plans in October. 🙂

Auandag @ 11:01 Another Guru Bites The Dust :)

Posted by Farmboy @ 11:08 on July 3, 2017  

I thought we agreed McGuire was a

Posted by eeos @ 11:08 on July 3, 2017  

Fraud? lol

But,..But,..But

Posted by Auandag @ 11:01 on July 3, 2017  

Mcguire said that gold wouldn’t drop below $1260

Lots of talk over weekend that Google and FB are open to having shit sued out of themselves in Europe, due to

Posted by Maddog @ 10:39 on July 3, 2017  

blatant cheating/malpractice behavior, especially over content.

Lots of advertisers pulling ads due to their allowing/puting ads on vile content, such as ISIS recruitment sites….The EU has told anyone who wants to, to use the recent EU ruling as proof of bad behavior.

FB and Google have near 90 % of all web ad revenue…..but have been found to be cheating…eg useing Bots to create clicks…talk is Google could be broken up, by forcing search engine to be just a free utility and all rest in separate Co…..FB not sure…but both are wide open to be sued to hell.

Richard640 @ 9:36 Thinking Like You,

Posted by Farmboy @ 10:37 on July 3, 2017  

Today’s knockdown on light volume and half day trading. Expect a come back in the PM’s by weeks end.

Disclaimer: I am often wrong. 🙂

Floridagold @ 8:18 Thanks !

Posted by Farmboy @ 10:33 on July 3, 2017  

Not much to brag about. Fishing and weather not so great. But the mental break from the markets worth the trip. Drove up to Calabash, NC for dinner one evening and experienced some of the best seafood I ever ate. Place called Dockside, in business since 1955 and serving up the original ‘Calabash’ Seafood.  Went dancing at a place called Fat Harolds in Myrtle beach, the club bills itself as Home of the Shag. Old beach music and happy to see a lot of 20 something year olds keeping the old style dance going. And heard some Carolina Beach music long forgotten.

Meanwhile, back in the real world of Illusion, I sold my JDST and DSLV this morning, and just went long JUNG and USLV. Think today is nothing more than a bankster day on a light half day trading session. Could be wrong, but expect a bounce in the PM’s by Thursday. Who knows ??

Read something about US Mint sales being really low. Sounds like the Contrarian’s time to  pick up some ounces as Sale Prices. Buy stuff when nobody wants it.

Have a great day!

Gold is in a crash sequence–an excursion into the 1100s is possible

Posted by Richard640 @ 9:36 on July 3, 2017  

JNUG is resiilent-it should be down 8 to 10 percent–this tells me that a strong bounce could happen today-we shall see!

JNUG $17.70. -.92.  -4.94%  [low is 18.43]

Mr Copper–yes! now some say bonds; other folks say it’s the yen…

Posted by Richard640 @ 9:30 on July 3, 2017  

when the $/gold correlation fizzled out , the analyst community created new “dialogue”–the yen/gold or bonds–to explain the new perplexing reality-but I posit that the $ is the main influence and will manifest itself when the rig fails and financial assets get pulled into the black hole of total bankruptcy. The sad fact is that:

The end is nigh, brother, the end is nigh!

World markets are like a pie crust stretched across the roof of a volcano!

Fu Manchu is about to pull the lever to the trap door!

Warbucks signals the trusty Punjab to cut the cords of the rope bridge!

Grease the skids! Happy tobogganing!

GOT GOLD?

Richey re gold and the $ don’t correlate anymore

Posted by Mr.Copper @ 9:23 on July 3, 2017  

It looks like gold is going up down with the bonds. Similar turning points each month. (Rates up gold down.) Rates on a bounce up

http://finviz.com/futures_charts.ashx?t=METALS&p=d1

http://finviz.com/futures_charts.ashx?t=BONDS&p=d1

« Newer PostsOlder Posts »
Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.