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

Yes the scum stranglehold is very depressing…..especially as 99.9 % of the world are oblivious.

Let’s not be surprised if we see a $50 up move??

I’m surprised when we see a $10 up move.

I’d like to know how many $50 up days we’ve had in the last 20 years. I bet it’s less than 2 or 3

“Plus we may need to see a real change in the scum, because as of now they have all the relevant mkts crushed to their scheme….just look at the SM coming back yet again, right after looking dreadful earlier in the day. “

What the scum does is the only thing that matters IMHO

This selloff today came out of nowhere and charts didn’t foretell any of it. The only thing that the charts said was that the pm sector should be moving higher. Perfect cue for the scum to come in and crush the pm’s and their bullish charts.

The whole thing is really an effing joke.

Here’s the COT report. The dumbass specs and hedge funds have certainly set themselves up to get crushed. They probably followed the charts.

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

One of these days the Dow SnP will crap themselves and the prior gold up-trend will resume. The whole system is breaking down. Very slowly. The commodity futures charts have been looking crazy.

Check the monthly Hui chart, the recent rally can be labelled a 4th wave up, this break may well be the final 5th down, of a larger C wave….. it may take out the 131 lo…..not sure…..but it could be the final dn move and thus not too large…that said it has barely started.

Plus we may need to see a real change in the scum, because as of now they have all the relevant mkts crushed to their scheme….just look at the SM coming back yet again, right after looking dreadful earlier in the day.

I wonder the same thing almost every day. The worst thing is that we’ve seen incredible rallies over the years where there is serious money to be made. Unfortunately, those rallies only come around 5% of the time.

It’s so hard to believe that the HUI was above 600 twice and now sitting at 165. Nothing anywhere in any market corrects 80% plus and doesn’t rebound.

I guess all you can do is try to trade it, but you can’t rely on charts, they only work on the downside. We’ve had golden crosses on most everything, now they appear to be negated.

I was up 25-30% from the beginning of the year, but now less than 10% Thinking about dumping everything right now.

If this area doesn’t hold, $9.65 may be next stop. 50 day moving average is at 10.08 and trend line support is close.  R640, close your eyes and pick a spot.

rno

invested the $ I did in this God forsaken industry is beyond me……

to the 10 buck area I might add on…looks like it’s time to sh*t or get off the pot…should I–?  Maybe…yes….no….Harumph! Gold’s bad enuff but disaster silver’s whispering to me that we may be back to a few days of wash out…any ideas anyone? I’m skeeeeeeerd!

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This daily chart of JNUG is not near oversold with. an RSI of 46…but looks like good support at $10 if u just draw a simple line off the bottom….

https://stockcharts.com/h-sc/ui?s=jnug

I wish I’ve kept track of how many times his “to the moon” articles have been followed by a serious crushing.

His track record is absolutely impeccable – I’m talking the metals get spanked within hours every time.

but what I don’t understand is why the shares aren’t getting hit a lot harder.

Then again, silver is getting crushed and SLV back below the 50 & 200 dma

So much for higher lows. Time to scrap the charts and reevaluate.

Looks like gold is headed toward $1280. Serious bummer.

$ 1300 goes to end the week on a real bummer…no matter the news. The SM never falls and the Dollar always has a bid.

Finally a post that brought a smile to my face

“US takes 50 tons of Gold from ISIS”

That alone solves the mid east conflict without firing a SHOT .!

https://www.zerohedge.com/news/2019-03-01/us-army-takes-50-tons-gold-syria-alleged-deal-isis

Gold and JNUG are in good support areas here. Maybe a reversal or rally soon.

rno

Oregon OKs 1st statewide US mandatory rent control law

SALEM, Ore. —

Oregon Gov. Kate Brown signed the nation’s first statewide mandatory rent control measure on Thursday, giving a victory to housing advocates who say spiraling rent costs in the economically booming state have fueled widespread homelessness and housing insecurity.

Brown, a Democrat, said the legislation will provide “some immediate relief to Oregonians struggling to keep up with rising rents and a tight rental market.”

Landlords are now limited to increases once per year that cannot exceed 7 percent plus the change in the consumer price index, which is used to calculate inflation.

The law prohibits them serving no-cause evictions after a tenant’s first year of occupancy, a provision designed to protect those who are living paycheck to paycheck and who affordable housing advocates say are often most vulnerable to sudden rent hikes and abrupt lease terminations.

cont. https://www.theolympian.com/latest-news/article226939574.html?

A record 7 million Americans are 90 days behind on their car payments

https://theweek.com/speedreads/823475/record-7-million-americans-are-90-days-behind-car-payments

US Army Takes 50 Tons Of Gold From Syria In Alleged Deal With ISIS

As the remaining pockets of ISIS fighters faced imminent defeat in northeast Syria, the United States allegedly gave them an offer they couldn’t refuse: give us your massive caches of gold – or die.

https://www.zerohedge.com/news/2019-03-01/us-army-takes-50-tons-gold-syria-alleged-deal-isis

Rubino is the kiss of death. Not that he doesn’t make good arguments, just that he doesn’t seem to acknowledge that the manipulation holds precedence over the price – but worse, he’s always “pie in the sky” and his timing is well, worse that my man Gartman…

the shares don’t look horrible

USD now down a pinch. Would be nice to have a decent close on a Friday

Remember, The Fed Hasn’t Actually Done Anything Yet

John Rubino
February 28, 2019

When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically.

Fed chair Powell promised to stop raising interest rates and shrinking the money supply, and the financial markets, trained to salivate at the sound of Fed happy talk, immediately morphed from “risk-off” to “risk-on.” Stocks are now approaching last year’s all-time highs, bond prices are way up (which is to say long-term interest rates are way down) and the financial press is back to celebrating the “Goldilocks economy.”

But remember that as far as actual monetary policy goes, nothing has changed. Last year’s Fed Funds rate increases are still in place, while the Fed’s balance sheet remains diminished (which is to say the cash drained from the economy as the bonds in the Fed’s account were retired remains out of action). So the damage has not been undone, and it’s starting to bite. Some examples:

What does all this mean? Mainly that despite the recent bounce in US financial asset prices, the Fed didn’t succeed in stabilizing the real economy. With the major countries pretty much all slowing down, corporate profits will likely fall this year. Falling corporate profits tend not so support record-high share prices. And the longer the slowdown continues the bigger the risk that stock investors will catch on and panic, taking us back to the flash bear market of late 2018.

Then it gets interesting. Realizing that words have failed, the Fed will be forced to stop promising and start delivering. So the second act of this play will be not just a pause but a reversal of last year’s tightening.

But this won’t work either. A modest reduction in interest rate cuts and slight increase in asset purchases will buy, at most, another two-month pop in share prices, followed by another realization that the economy is still weakening, followed by yet another, probably much bigger stock market plunge.

Eventually, we’ll settle into a permanent state of ever-increasing QE, zero-to-negative interest rates and every imaginable kind of fiscal stimulus.

A simple way to guage our place on this path is the price of gold. When Act Two (gradually falling interest rates, modest QE) is implemented, gold should bounce back up to around $2,000/oz. Once Act Three (massive, permanent QE, NIRP, bailouts for bankrupt states and cities) is in full swing, gold should pass $5,000 on its way to infinity.