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

10th Century GPS ….you might want get one for the wifes

Posted by overton @ 23:00 on April 6, 2018  

console compartment in case Putin takes out GPS.

“When the Vikings first sailed to Greenland in the late 10th century, they didn’t have compasses to guide them; that technology wouldn’t reach Europe until the late 16th century. So how did they do it? A new computer simulation says an unusual method mentioned in an eight- or nine-hundred-year-old Icelandic saga would have been precise enough to get Viking ships safely to Greenland.”

https://arstechnica.com/science/2018/04/mysterious-sunstones-in-medieval-viking-texts-could-really-have-worked/

 

 

 

When Will Gold Seriously Take Off? When Reality Shows Its Ugly Head.

Posted by Mr.Copper @ 22:05 on April 6, 2018  

If anyone remembers, after that ’08 financial crisis, the culmination of embezzling wealth from the US economy, I predicted the US economy would get better, and our economy had hit its final bottom. Simply because there were no other methods anymore for TPTB to fool the US economy with the likes of no doc 105% liar loans for houses.

Some things definitely got better, 2008 to 2016, like the stock and real estate markets, and a few businesses moving over to the USA. Unfortunately, looking back, I’m thinking it was too little and too slow, all the stores and warehouses are still chock a block full of Chinese made crap.

So my view is, TPTB or bankers, know something that’s not widely known (during Obama)like small signs that the US economy is on an imploding course, and before Trump was even elected, they started, thru Trumps words, pumping and cheerleading a coming prosperity.

The bonuses, the raises, the tax cuts are new and minor compared to what we lost, and the manufacturing and jobs coming back is not here yet. So basically the economy is only emotionally better like a placebo effect. A fantasy is usually far better than the reality.

So sooner or later something very BIG is going to happen, and Gold will attract a lot of attention domestically and globally. Gold might even be the only game in town for the wealthier folks and Silver for the regular folks.

Think about what would happen if the stock markets around the world started going down 1929 style for the next six months. Everything else would drop like Real estate, retail, auto sales etc etc. Tax receipts would drop too. National debt would get bigger.

Regarding all this positive USA economic news hoopla, I smell a rat. A big one. We are betting against banks and governments, and $1300 plus gold these days is very respectable.

Mr Copper–yeah…computers definitely! Algos…

Posted by Richard640 @ 21:43 on April 6, 2018  

Naeimi also said he recently purchased gold (which was the big winner from Q1) to hedge his equity holdings.

Posted by Richard640 @ 21:40 on April 6, 2018  

$60BN Manager About To Dump All US Holdings: “The Political Risk Is Just Becoming Too Much”

To be sure, Naeimi says his fund is already light on US equities. In his search for possible trade-war hedges, Naeimi says one strategy he’s considered is shorting Boeing – which has taken the brunt of trade-war related selling among the Dow stocks – and going long France’s Airbus.
“China’s got a pretty massive agreement, deal with Boeing, so they could easily reverse that,” he said.
Naeimi also said he recently purchased gold (which was the big winner from Q1) to hedge his equity holdings.
But the greatest hedge of all? Selling everything, Naeimi said.
**************************************************

[READER COMMENT]=Davidduke2000  Gladi8tor Fri, 04/06/2018 – 20:57  Permalink

he is protecting his clients, a very smart man who said after liquidating all his us assets” good riddance of this crap”.
who would want to be in the us market when hundreds of malls are closing every month, thousands of companies are bankrupt, 96 million people out of the labor force, 50 million people on food stamps and eat from the dollar store who soon will start eating dog food as dollar store will shut down due to trump trade war.
I see you are all hat no head.
****************************************

https://www.zerohedge.com/news/2018-04-06/60bn-manager-about-dump-all-us-holdings-political-risk-just-becoming-too-much

 

 

 

Richie re 18:13

Posted by Mr.Copper @ 21:24 on April 6, 2018  

re your..”WHO is buying and selling all of those gold/silver contracts knowing it is a totally comatose market? Makes no sense, 300K gold trades trying to bang out $2?”

Sometimes in cases like that, makes no sense, you have to talk to yourself, or ask yourself what WOULD make sense. And that would be the logical answer. You would know better than I because I don’t play futures.

The only ideas I come up with computerized trading machines? Gov’t lackey Goldman Sachs?

R640

Posted by Buygold @ 19:35 on April 6, 2018  

I don’t know what or even if we have upside in the miners, but I do agree with you that the SM is in trouble.

Whether or not that means good stuff for pm’s is beyond me. Silver is definitely worth watching IMHO.

Trump’s furious Situation Room row with his top general is LEAKED: Chairman of joint chiefs reprimanded him on Syria – so president demanded immediate pull-out

Posted by ipso facto @ 19:33 on April 6, 2018  

http://www.dailymail.co.uk/news/article-5584183/Trump-wants-Syria-dont-say-timeline.html

Some more good sh*t from Ponzi World

Posted by Richard640 @ 19:32 on April 6, 2018  
Amid all of this chicanery, here is where it gets interesting:
 
 

‘I have never seen a market this volatile to this extent in my career. Now that’s only 66 years, so I shouldn’t make too much about it, but you’re right: I’ve seen two 50-percent declines, I’ve seen a 25-percent decline in one day and I’ve never seen anything like this before.’
Jack Bogle, Vanguard Group founder and retired CEO
 
 
 
“It’s a good deal more volatile than almost anything else you’ve seen,” said Cashin, who began his career at Thomson McKinnon in 1959. “It is unfortunately reminiscent of some of the volatility we saw in ’87,”

Maybe I should do a Poll here? Doesn’t bode well for the future.

Posted by ipso facto @ 19:25 on April 6, 2018  

A Third Of Millennials Aren’t Sure The Earth Is Round, Survey Finds

http://pittsburgh.cbslocal.com/2018/04/05/millennials-flat-earth-survey/

PONZI WORLD TODAY

Posted by Richard640 @ 19:15 on April 6, 2018  

Friday, April 6, 2018

AT THE BRINK

The S&P 500 closed right on the 200 day Maginot Line…

Another 90% down day. All S&P sectors down today.



All of the fake rallies have left the casino overbought:



Transports closed right on the retest line. A gap below this line is Dow Theory failure:

http://ponziworld.blogspot.com/2018/04/at-brink.html

From Murph tonight=WHO is buying and selling all of those gold/silver contracts knowing it is a totally comatose market? Makes no sense, 300K gold trades trying to bang out $2?

Posted by Richard640 @ 18:13 on April 6, 2018  

Also worth noting is that average daily trading volume for gold is typically 5 times that of silver, yet gold’s OI is only twice as much as silver. On a day like Wednesday when the silver OI went up 8,453 it represented nearly 10% of the entire trading for the day.In other words 1 out of every 10 trades was a new short. By comparison gold’s OI increase of 6,654 on Wednesday was less than 1.8% of the entire trading for the day.

I am dumbfounded by it all. Today is YET another lockdown on the metals, while the Dow blows off 400 points. WHO is buying and selling all of those gold/silver contracts knowing it is a totally comatose market? Makes no sense, 300K gold trades trying to bang out $2?

Buygold-I like that trade! With all that’s going on, I just don’t see PMs as a liquidating market-the only

Posted by Richard640 @ 18:05 on April 6, 2018  

question is where is the upside? -Yesterday gold  was down $10 yet PM paper had decent gains which shows interest…that bidders are there…No one is talking about the fact that gold is rising on big down days for stocks–that’s a change from 2008–True, the gains are negligible but…anyway, we eagerly await Sunday nite…

R640

Posted by Buygold @ 17:38 on April 6, 2018  

Don’t know what the hell is going on with silver but I expect an explosion either up or down.

Bought some APR 27th JNUG $14.50 calls for $.65

I like your thinking but gave it a couple more weeks

I did not like the PM action AT ALL today but I just had to have some inventory over the weekend in case western civilization collapsed–my cupboard was bare…

Posted by Richard640 @ 16:41 on April 6, 2018  
04/06/2018  15:04:06 Bought 80 JNUG Apr 13 2018 13.5 Call @ 0.70

 XXX,637.60
04/06/2018  15:59:33 Bought 20 JNUG Apr 13 2018 14.0 Call @ 0.47

COTS–PRETTY DAMM AMAZING GOLD #S– for both commercials & specs

Posted by Richard640 @ 16:36 on April 6, 2018  

The gold/silver price ratio is 81.36.

The Commitment of Traders Report

Silver

*The large specs increased their long positions by 5,183 contracts and increased their shorts by 8,491 contracts.

*The commercials increased their longs by 4,329 contracts and reduced their shorts by 386 contracts.

*The small specs decreased their longs by 1,857 contracts and reduced their shorts by 450 contracts.

GOLD

*The large specs reduced their long positions by 24,355 contracts and increased thei shorts by 12,410 contracts.

*The commercials increased their longs by 5,165 contracts and reduced their shorts by 32,330 contracts****.

*The small specs reduced their longs by 5,974 contracts and decreased their shorts by 5,244 contracts.

Theoretically, both are constructive with the so-called commercials reducing their shorts as they did.

 

Keeping in mind that JPM is a criminal enterprise, these remarks are still of interest

Posted by Richard640 @ 16:30 on April 6, 2018  

Jamie Dimon Warns Of Potential ‘Market Panic’

by GoldCore
Fri, 04/06/2018 – 07:18
***************************
– JPMorgan Chase CEO Jamie Dimon sees ‘chance of market panic’
– In annual letter to shareholders Dimon warns of increased inflation and interest rates
– Concerned QE unwinding could cause chaos as ‘markets will get more volatile’
– Hard to look at the last 20 years in America “and not think that it has been getting increasingly worse.”
– Positive about US economy over next year, but ignores record levels of world and government debt
– Believes major buyers of US debt (e.g. China) could reduce their purchases of US government debt
– Investors can protect portfolios with gold and silver bullion 
– U.S. debt and dollar crisis coming which will propel gold higher (see chart)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

”What was isn’t what is” – Posted by Mr. Copper

Posted by drb2 @ 16:15 on April 6, 2018  

That is a classic quote!!

thanks – I wish I had said it.

With your permission I will add it to my collection of old sayings

 

What Does Hodl Mean? A Glossary of Bitcoin Slang

Posted by Maddog @ 16:15 on April 6, 2018  

http://nymag.com/selectall/2017/12/meaning-of-hodl-and-btfd-bitcoin-terms-defined.html

Anyone who puts real money in this stuff is insane !!!

mm3 and BG

Posted by ipso facto @ 16:13 on April 6, 2018  

Nice to see a gain. These days any gain at all is welcome.

Besides we get to say to the SM: Nyaa Nyaa Nyaa! 🙂

@ Mr. Copper RE: “We” are not in control of our country or the empire. “They” are and have been doing everything in our name only since 1913……I thought you would know that.

Posted by drb2 @ 16:06 on April 6, 2018  

I do know that – no argument there – we are in agreement.

What I don’t know is to what extent the Chinese (and Russians) are “in cahoots” with whoever it is that controls us.

My gut feeling is the Chinese see themselves as the true “Masters of the World” (Middle Kingdom) and are just playing along until the time of their choosing.

The Russians?  I think they just want to be left alone to be Russians.  After Napoleon & Hitler, they are sick of people invading them.

@drb2 @ 15:27

Posted by Mr.Copper @ 15:57 on April 6, 2018  

I really did like things you said , well said and true…

” 2 Billion potential consumers.  Surrounding countries almost 2 Billion more.  Many of these people are employed making stuff for the rest of the world.  Their education systems are pumping out mathematicians and engineers while ours are engrossed in Gender studies.  They have the factories and machinists. ”

In the future it might be what my Swedish outboard motor mechanic said to me when I told him the motor was fine yesterday…..”What was isn’t what is” 🙂 And that what I said to myself after the big crash. Its all going into reverse.

@drb2

Posted by Mr.Copper @ 15:46 on April 6, 2018  

Geez I thought I said it all. I don’t where to start. Ok, Re your …

“Our country is hell belt on maintaining our empire and pushing people around.”

“We” are not in control of our country or the empire. “They” are and have been doing everything in our name only since 1913, they’ve been taking advantage of us. I thought you would know that. Some say the central global powers are working out of London and Israel.

You imply the other countries don’t need us anymore, and that is TRUE because the sucked us DRY in more ways than one. Yes they have a loaf under each are, just like USA in 1975. Everything they have they got from us.

So now, I’m saying, they can afford to take less for a few decades, just like a bloated healthy USA took less after 1975. They will probably need the USA 35 years later in the future, after they get dehydrated being the new USA for the next 50 years.

The UN or global powers or UN if it still exists WILL redistribute their acquired wealth, and make THEM be the free global police man. Let THEM be the global importer of last resort. Let THEM have global reserve currency.

PS, don’t be surprised if we hear that China puts a 35% income tax on factories over there, and a 10% income tax on factories here in the USA. Don’t be surprised in the future if China says WE are cheating and suppressing our Dollar lower.

Hot off the presses – COT Report

Posted by Buygold @ 15:33 on April 6, 2018  

Lookin’ good Billy Ray

Something is going on with silver….even gold looks better

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

@ Mr. Copper RE: your 13:44 post – “its in their best interests to …. help replenish the US consumer. Its THEIR (and China’s) best interests, US consumers are their bread and butter.

Posted by drb2 @ 15:27 on April 6, 2018  

China has almost 2 Billion potential consumers.  Surrounding countries almost 2 Billion more.  Many of these people are employed making stuff for the rest of the world.  Their education systems are pumping out mathematicians and engineers while ours are engrossed in Gender studies.  They have the factories and machinists.  Our kids have trouble putting air in bike tire without help (no joke).  Our country is hell belt on maintaining our empire and pushing people around.

Can you please explain why they need US anymore?

Ipso, MM3, R640

Posted by Buygold @ 15:22 on April 6, 2018  

Ipso – great link to the Shanghai comparison, put that on my favorites!

MM3 – good to see you around and creating as much chaos as is humanly possible. I’d feel bad for Trumpster if they crashed the SM on him, but I agree, at least we’re not getting crushed with it.

R640 – looks like you’re going to get your 600 pt. down day today. The PPT better spring to action Sunday night or it could be a bloodbath on Monday.

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