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

All is well. Don’t look behind the curtain.

Thanks for the added info. I’m also a Dines subscriber, since 1979. Lately I suspect someone else is writing it.

easiest call on the planet

USD came all the way back, HUI lower. Gold fading into the sunset, silver drifting lower.

I’m not sure the DOW is anywhere near a bear market. Has it gone down for more than a day or two since 2009?

The only perpetual bear market is pm’s

Joe Public is being dishoarded of their gold  (? is that a word)

All the “buy your gold”  shops that were set up on line and otherwise was to exchange cash for gold, in fact none of them “sold” any gold to the public,  it was a huge buy program.  Greshams Law at play.

At my favourite coin shop,  Joe public is hurting and unloading gold, silver and heirlooms

Sometime the music will stop and there will be gnashing of teeth ………

There bankers will turn this upside and the likes of JPM will have the last laugh

Gold and silver will also  go “no bid” and be underground or black market

Just my musings ……

I am a Dines follower for almost 20 yrs now,  though mostly just reading and stacking phyzz rather than tracking his model PF’s

Best regards

Winedoc

The banks may be getting ready, and raised the dollar so they can lower the Gold price, to increase their supply holdings a lot cheaper. Later on they can back currencies with it or sell it a lot higher for profits?

Anybody in the public, pressed for cash, will be selling their old jewelry and coins too cheap. Remember when the banks would announce a big sale of bullion BEFORE the sale day? And knock the price lower? They were probably BUYING instead but lied.

They may be doing the same thing, but the phony “announcement” is higher rates and a higher dollar. Generally you have to reverse anything they say or imply. They are constantly full of shit.

http://ponziworld.blogspot.com

Thursday, August 16, 2018

Make Denial Great Again

Denial is a form of euthanasia for the elderly. It’s merciful…

“New highs any day now…”

 

Speaking of denial, the casino is bid today compliments of Walmart’s “best quarter in a decade”. Which highlights the chasmic divergence between stock market denialists and bond market realists at this pivotal juncture. 

 

First, the realists:

 

 

“Core consumer prices ran at the hottest yearly rate since September 2008. Rather than viewing July’s consumer price data as a warning sign, some economists expect the data point to mark the peak in the inflation cycle. That’s in part because many of the drivers in July’s price surge were one-off boosters that are likely to diminish in the coming months.”

Now, the denialists:

Bear in mind that revenue growth is not adjusted for inflation:

In other words, Walmart revenue got a one-off boost from decade-high inflation readings that was inconveniently misconstrued as a return of the jobless consumer. Whereas, sadly it happens to be the exact opposite – the end of the cycle. You know, the same way it was a decade ago:

 

 

What is being sold as decade high revenue growth is actually an entire decade of ZERO real revenue growth.

 

no one bought PMs yesterday when the world was ending–why would they buy today when paper assets are screaming to the upside?–if anything, i’d buy sdow right here–the mkt was up 425…where’s it going to 525? 625?–I think the risk to buying sdow now is the dow goes across the page…but the reward could be a 200-300 pt reversal later…they say that in a bear mkt. the rallies are short-strong and scary (for the bears)–is that what we have today? also it’s opex tomorrow that has to be figgered in–-btw–the russell is top tick up 19–so today is a broad move

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Capt Hook—good point about the margin players

Yep just mentioned it.
There’s a host of toxins in vaccines I’ve posted before. Its a cumulative cocktail of poison, antibiotics and human or animal blood. Now they find ycolhosphate and just like a host of other things won’t be on the insert because they’ll say it’s minute amounts so don’t have to mention it even if more than safe and not to mention the cumulative affects giving them shots at birth now then every two months.

One man already won a multi million dollar law suit getting cancer.
How many people will get cancer and die because of it first?
They even found it in vaccines.

Thanks for the articles, I’ll check em out.

I’d be real surprised if Glyphosate isn’t outlawed in the US within a couple of years.

On the subject of glyphosate and it’s effect on children, and it’s statistical correlation with autism  best described in the video from Dr, Stephanie Seneff , who has done a lot of  research in this area. Statistical correlation similar to the one with cigarettes and lung cancer , denied by tobacco industry for a long time. She has few videos on YouTube  on the subject . worth watching. Below is just one relating to glyphosate and  MMR and autism.

https://www.youtube.com/watch?v=3a3ykJkqMUk

This ones in Hawaii but it’s everywhere fields are sprayed and pesticides likely the cause of bees being killed off.
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0198876

French beekeepers accuse Bayer after glyphosate found in honey
https://www.google.com/amp/s/www.thelocal.fr/20180609/french-beekeepers-accuse-bayer-after-glyphosate-found-in-honey/amp

A recent study from Boston University and Abraxis LLC, found glyphosate, the main ingredient in Monsanto’s Roundup herbicide, present in honey. The study found that both conventional and organic honey contained glyphosate, specifically 62 percent of conventional honey and 45 percent of organic honey.

Even Organic Honey Contains Toxic Glyphosate, Study Finds

Even Organic Honey Contains Toxic Glyphosate, Study Finds

parts

In September 2016, BullionStar produced research into how many tonnes of physical gold were actually held in the LBMA vaulting system in London^[16], concluding that there were 6500 tonnes of gold in the London market, 4725 tonnes of which was at the Bank of England, leaving 1775 tonnes at the other vaults.

Of the gold in the other vaults, 1679 tonnes was held in allocated form by the gold-backed ETFs, again meaning that there was a very small residual (less than 100 tonnes) to back total outstanding unallocated account claims.

Even if the bullion banks have access to borrowed central bank gold stored at the Bank of England, that gold is owed to the lending central banks, and therefore has multiple claims on it. If there was a run on the fractional reserve bullion banking system by customers wanting to convert their unallocated positions to allocated gold holdings, analogous to a bank run where all customers want to withdraw their cash at the same time,

then this could lead to some serious problems in the ability of the bullion banks to provide the required gold. Such a situation would undoubtedly require cash settlement of customer positions, a move which would see the price of paper gold collapse, while the price of physical gold would skyrocket.

https://www.bullionstar.com/gold-university/bullion-banking-mechanics#heading-3

We aren’t going to close over $1200 on the week. Commercials will not be net long. The correction is not over.

Just one look at the shares should tell you everything you need to know. HUI about to go negative.

Guarantee by day’s end the USD will rebound and gold will be flat or down.

That’s a bold call from a gamer. These guys have a tendency to cost the unaware a lot of money in times like these.

One might want to wait for silver sentiment to improve as well, which won’t happen until broad market margin players, who at a record, are forced to sell, bringing on a liquidity event, rising dollar, etc.

The old guys with the money are getting older though, which might account for the lack of patience these days…no?

Cheers

parts

The term bullion bank can be applied to banks which are involved in some or all of the following activities in the precious metals markets: trading, clearing, vaulting, physical metal distribution, risk management, intermediating between metal lenders and borrowers, mine finance and hedging, financing fabricators, providing consignment stocks, generating precious metals market research. This list is not exhaustive.

Bullion Banking is Fractional Reserve Banking for Gold

The core concern with contemporary bullion banking is that it is a fractional reserve system in the same way as commercial ‘cash’ banking is. The bullion banking fractional reserve system also supports highly leveraged trading. Furthermore, the bullion banking fractional reserve system is opaque since there is very little transparency into the banks’ activities in this market.

Nowadays, regular banks also create money out of thin air on the asset side of their balance sheets when they engage in lending. This activity of lending actually brings new money into existence. The key point here is that modern-day bullion banking system operates in the same way as regular fractional reserve banking operates, the only difference being that contemporary bullion banking brings large amounts of paper gold into existence.

In contemporary bullion banking, the amount of gold circulating in the bullion banking system is not fully backed by physical gold. It’s only fractionally backed, and in some cases may be unbacked. The lack of data divulged by the LBMA and its regulators makes complete analysis difficult. You might think, I can see how new fiat currency can be created out of thin air since its either printed or credited electronically, but gold can’t be created out of thin air, can it? The answer is that, in the modern bullion banking system, “gold” can be created out of thin air, and is created out of thin air, as a form of paper gold or synthetic gold.

Services for Mining Companies

Bullion banks provide a number of services for mining companies such as lending gold to those mining companies which then repay this gold in the future out of their future gold production. Some bullion banks also enter into long-term purchase contracts with gold mines to buy their mining output, and some bullion banks finance projects for gold mining companies, structure hedging programs for the same companies, and manage the mining companies’ price risk using spot, forwards, and options contracts.

Physical Trading

A number of bullion banks act as Authorized Purchasers for mints such as the US Mint, or refineries such as Rand Refinery. Some bullion banks are active in making markets in gold coins, such as Commerzbank. In fact, Commerzbank also owns a share in a large Swiss precious metals refinery, namely Argor-Heraeus.

Given the structure of the modern bullion banking sector, a number of concerns become apparent. These concerns are explained in the remainder of this article below:

https://www.bullionstar.com/gold-university/bullion-banking-mechanics#heading-3

Weed-Killing Carcinogen Glyphosate Found In Children’s Foods

https://www.zerohedge.com/news/2018-08-16/weed-killing-carcinogen-glyphosate-found-childrens-foods

Bob Moriarty: We’re In The Exact Same Spot We Were In August 2008

Bob Moriarty: We’re In The Exact Same Spot We Were In August 2008

After 1913 they started an unusual trend, or experiment, of gradually phasing out Gold/Silver backing. The situation resulted in many accomplishments, ahead of their natural time.

Increased artificial money supply enabled WW I,  WW II, Bolder dam, Mt Rushmore, the national highway system, Korean War, Vietnam war, GPS system, Moon landings, welfare public and corporate, the Space Shuttle, cell phones etc etc. Increased Cars TVs and higher living standards in most nations.

Now that most countries are “topped off” most have gold supplies, and the USA went bankrupt in the summer of 2008, the old 1913 system ran its course, and ended that year. So lets not be surprised if one by one these various countries start backing currencies with Gold and get back to basics.

only in scumworld can the above be considered sense. SM roaring back and dollar letting off some steam…so all is well.

Dollar Dumps – Erases Week’s Gains As Yuan, Lira, Ruble Rally

https://www.zerohedge.com/news/2018-08-16/dollar-dumps-erases-weeks-gains-yuan-lira-ruble-rally

“The bottom line is that the prices of gold and silver are being systematically taken down as a mechanism to help cover up the fact that a large-scale financial crisis is going to hit the global financial system. I don’t know the timing, but I would suggest that the EM currency melt-down that began in South America and has spread to the eastern hemisphere represents a series of earthquakes that are generating a “tsunami.”

While I’m loathe to forecast a price-bottom for gold and the timing of the forthcoming systemic crisis, I would suggest that anyone who is shaken out of their gold, silver and mining stocks right now will regret selling when looking back a year from now.”

http://investmentresearchdynamics.com/gold-and-silver-similar-to-2008/

HUI up less than 1 pt.

The nightmare never ends

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’

South African miner Gold Fields (NYSE, JSE:GFI) planned job cuts at its massive, but struggling South Deep mine is really the company’s “last-gasp measure”, Chief Executive Officer Nick Holland said on Wednesday.

The Johannesburg-based firm revealed Tuesday its intention to axe about 1,560 jobs between employees and contractors to reduce activity and lower costs at the mine — its only one left in South Africa.

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’