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

It’s good to see someone getting out and enjoying the nature we have right here in our own back yard. Keep the pictures going and take care of your health.

A friend wrote me this=How does the S&P 500 look overbought wise over the last 10+ years on monthly and quarterly charts? I suspect overbought all the time … why can’t that happen with miners? If it is a true bull market, that’s what I would expect!

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Simply Magnificent
https://railpictures.net/photo/698224/

Full Steam Ahead!

Yesterday and especially today the FILTH have been selling every step higher but buyers come in and gold makes a new high…hopefully that pattern continues tomorrow…ya don’t get those $50 buck moves unless new big buck buyers are coming in–especially to a sector that has been so comatose…cajones crossed! G’nite gang…u night owls hold the fort while I get my beauty rest…the PPT will try to throw every trick. in their playbook at gold tomorrow…

https://www.zerohedge.com/news/2019-06-19/10y-treasury-yield-plunges-below-200-first-time-nov-2016

[since i started writing this, an attack has. started-1382 on gold–$15 off the high]

G*d only knows if this will last…but like identifying the True Messiah…this one has all the signs and. attributes that tell me this is the real-deal–it’s all come together…I will give it the benefit of the doubt–Paul Tudor said if gold crossed $1400 it would go to $1700 quickly…there is a gigantic amount of kinetic energy stored in the PM sector, if it gets released a panic to get in could develop–forget the little crappers, like us…if the “big Boy” traders and money managers [who have zero exposure] decide to get in…well…then it’s game on!

Before the FED gold was down $2

a nice day to come home to!

I think the last one was $1377 from July 2016! A bull market has to give us higher Int. highs and $Gold has failed that for the last 3 years…now it looks we have it. Just need to see it print that on a closing basis tomorrow. What has been bugging me are the gaps…not the daily gaps but, the weekly gaps in HUI, GDX, GLD, etc.  I thought that they would have closed by now. We are well overbought so it’s risky to chase price in here right now, IMHO.

The thousand dollar shoe boys will need to be chopping up some extra lines to fuel their game playing tonight.

Do we hear $50? 🙂

8 Reasons A Huge Gold-Mania Is About To Begin

https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin

It will be an uneasy night in the Hampton mansions … and I’ll bet the underlings will be getting midnight calls to get their A$$es back to the office to do whatever they have to in order to contain this by morning.

It’s taken out the all the tops of the base….this will trigger all the TA people and everyone waiting to go long.

Now up $23.20?

What the hell? I’ll take it…

There’s no fever like gold fever!

EFF the shorts!

Gold popping tonight up $13.60 on Kitco up towards $1375

Not what I expected that’s for sure.

We’ll see what happens in the morning

But a few seconds later pulled back to under 1371 .

Now 9 EDT , 1375.20
9:05 1385 bid

There’s $1364. 🙂

We seem to have quite a bit of momentum against the headwind. It’s great to see!

Meanwhile the SM marches on…

President Trump favors returning to the gold standard and is stacking the Fed with pro-gold people.

Any true Gold Bugs hair will stand on end when they see how short the Fed is !!!!!

Putting It All Together…

• Basel III moves gold toward officially being money again.
• Central banks are buying record amounts of gold.
• Excessive U.S. sanctions have pushed countries to use gold.
• China’s “Golden Alternative” allows for large-scale, oil-for-gold trades.
• The Fed’s dramatic reversal and the return of easy money bode well for gold’s strength against the dollar.
• The takeover frenzy in the gold mining industry is bullish for the price of gold.
• President Trump favors returning to the gold standard and is stacking the Fed with pro-gold people.
• The Democrats’ embrace of socialism guarantees more currency debasement.
• Gold-backed cryptos make owning and using gold easier than ever.

https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin

XI may be in for “LIFE ” , depends how you define “LIFE” ..in a communist State it may mean his LIFE ,which may be cut short real fast if communist party is not happy…..He performs or he’s dead.So if Trump likes the guy ,he needs to keep him alive and help him stay alive….Give him enough slack to survive…Our type of election can be brutal ,but theirs is DEADLY !

I can’t wait to see the Asian and euro action overnight…

It looks like the FILTH is selling PM stocks off their highs in extended hours trade…but thos emkts are screwy so one can’t positively conclude much…

because plenty of cash coming in,consumers spending,fed not raising rates,because the public will crucify them..More inflation will be tolerated until its not and nobodys gonna stop inflation thats running for office !  so enjoy the ride to nirvana for at least two more years  !