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

Why do you care? Can’t you see the $gold lift off from 10/12? Sure, we are going to have a minor corrective action coming very soon. So what!  The $gold Gurus have told us that this recent uplift is just a simple dead cat bounce. Nothing to worry about as $gold will very soon decline …down to $1200 or lower. Keep your powder dry, etc. Their logic is ever so simple: We did not have a capitulation low or a sentiment low enough to justify a real DEC. low.  Plus this dead cat low came a week or two too early. So very many $gold analysts say keep your powder dry…watch out. Bob Moriarty, Jorden Roy Byrne, Avi Gilbert, Bob Loukas, P. Ramdowswki…The list goes on forever. However, they are just guessing and you can guess also. The trend is up and until it breaks below the 12/12 2017 low then just follow it. The trend is your friend….keep going long, buy the upcoming dips. jmho.

SIL-which has been strong is up 3 cents–only SLV has a normal gain–this can’t be random–the gold stocks are no great shakes either–JNUG & NUGT have decent gains…it always something weird with PMs….

NVO.V was down about 60 cents earlier–still down 18 cents…but there still is a pool of believers buying the dips…I hope they will be rewarded…

Funny coincidence. I brought up the palladium situation a few days ago. Now that it is officially announced that palladium is at a 17 year high, its time to short palladium, no?

from 12/20 :

Has anybody noticed Palladium is more expensive than Platinum these days?? It has to be a distorted value or price. Historically, we all know Platinum was always more expensive.

Five years ago Platinum was $1700 and Palladium was only $600. I’m going to assume the auto manufacturers switched to over Palladium for exhaust systems at that time, 5 years ago.

But now, or today, Palladium is $1025 and Platinum is $919. For about the same cost, going forward, the auto manufacturers just might start going back to Platinum, since Platinum worked best, it was the first choice.

looking like the “little engine that could.”

up by half the last three weeks.

Yeah, they may or may not buy the metals but they still have to contend with the rig in the futures market and I’m guessing most of those big players are too smart to participate.

Bitcoing coming back a little “off the lows”

Just a hunch but the real money will be made in the pm shares over the next month, as you’ve noted gold can’t even have a $10 up day so it looks like it’ll creep up $3-4 a day for a coupe weeks.

Who knows?

I figure BMO are just as big a bunch of crooks as Goldman or anyone else. I let my position in AG get a little larger than it should be but the last buy was about half at $7.10 so not too underwater.

Metals doing OK considering a stronger USD and rates a little higher.

http://www.marketwired.com/press-release/yamana-gold-announces-1625-million-sale-of-exploration-properties-tsx-yri-2243782.htm

That’s a strong possibility. I hope their shorts eat the big #hit sandwich!

The AG downgrade is probably a big short position held by BMO and their clients that they’d like to cover, best guess is they’ve been short all year.

Agree, the wrong time for a dump. Seems most of the pm shares are fighting tax loss selling, when that clears in the next few days hopefully we’ll see some good buying.

Massive leak exposes data on 123 million US households

https://www.cnet.com/news/apple-slows-down-older-iphone-battery-issues/

Yeah I can’t imagine the financial destruction occurring on those who have thrown their whole pile into Bitcoin. Incredible!

Gold and silver doing good today. Hopefully the shares figure it out.

“AG downgraded” I don’t have any right now but I think that that downgrade is coming at exactly the wrong time. PM shares on the move and AG is a good one. IMO

Cheers

PS
“Yeah, I don’t know. Mortgaging the house for something you can’t hold? Scary”

I’ve got a good line on some Magic Beans ….. 🙂

Yeah, I don’t know. Mortgaging the house for something you can’t hold? Scary

I see BMO Capital downgraded First Magestic – AG

Good for a 10% haircut. Not sure what’s worse Bitcoin or some of these shares.

I’m calling it “SmokeCoin.” It’s starting out at $100 a coin. You give me $100 … I burn it … and now you have one SmokeCoin. The next coin costs $101 and so on. Simple.

I wonder what those who mortgaged their property to buy BTC are thinking now …

Isn’t this deflationary, all that “value” going up in smoke?

This is G&Ss’ best last chance other than say, a N.Korea missile hitting a U.S. city…

As I wrote yesterday=

15,243 last quote–This is why gold is about to go ape sh*t to the upside…any questions! Aaaaaaall aboarrrrrrrd!

Yikes, down $3K

Looks like a gold stock

It would be nice to see some of those Bitcoin profits come into gold. Although it probably is moving into physical we just don’t see it because of the rig.

No doubt the Bitcoin futures market was constructed for the squid to fleece anyone involved.

Pakistan Plans Replacing Dollar With Yuan In Trade With China

“We are examining the use of yuan instead of the US dollar for trade between the two countries,” Iqbal said, adding that the use of yuan was not against the interest of Pakistan. Rather, it would “benefit” Pakistan.

Wellcome to the World of Futures all u millenials, where your role in life is to be screwed 24/7 for the Squids benefit!!!!!!

http://www.netdania.com/indices/bitcoin-cfd