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

NGD ….. Seems like a decent report. I’ve made good bank with them in the past although I don’t have a position right now. If Rainy River works out they’ll be fine. I think.

I was wrong about the tactic the assholes would use to squash the PM rally post Powell.

They used the inflation data.

Bad for PM’s but magically no problem for stocks because the idiot shorts are getting squeezed.

No shorts in PM’s though so they can sell off — silver is collapsing again — even with the S&P pushing 3k.

Only good news is the PM indexes traced out 5-wave impulses now, so after a correction at some point this should mean higher prices — in theory.

One thing is clear though – da boyz are not about to give up their control of the futures market…so this rally might be like 2016 once the speculators are exhausted — relatively short lived.

I hope not, but unless Murph is right and open interest in CME gold goes to a cool million PM’s will stumble again at some point with silver in lock down.

Cheers

PS I was going to poke fun at you again but I resisted.

I hope you know it’s in good fun.

Take a swipe at me when I deserve it.

I’m a big boy.

Silver is printing down one cent as i write…hope we repeat…

http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2019/New-Gold-Reports-In-Line-Production-for-the-Second-Quarter-Reaffirms-Annual-Production-Guidance-Liquidity-Maintained/default.aspx

were raving about how strong it was and that Powell may only do 1/4% and be done…stocks sold off and recovered but gold. hasn’t…yes, there was no waterfall decline…but we’ll just have to see if the bulls have enuff conviction to comeback in and makes new highs for the day

This. whole big deal rally–from 1300 to 1444–was only. $144…and it has sent everyone into a tizzy…yet stocks and bitcoin go up for months and years…and that is seen as normal…we used to get thse runs in gold wherein gold. was up 5. or. 10 or more for, say, 22 out of 25 days…but it’s been many years since we had one

The $ is still down .158

http://futures.tradingcharts.com/marketquotes/DX.html

NGD and MUX still up in the pre-mkt

Agree. Whatever numbers, algo’s generally hit the sell buttons and are fully sanctioned by the so-called “regulators”.

What does seem a little different lately is that after the initial sell, pm’s stabilize and then start to come right back.

Don’t know if we’ll go positive today, especially after a strong day yesterday, but it doesn’t appear we will get crushed and give everything back either.

edit: BTW – just noticed the 10 yr. up to 2.09%, little stealth selloff in the bond market

The numbers have rarely mattered for a long time, it’s always the same, no matter the actual, as soon as the figs print, buy Dollar/SM and sell PM’s.

Meanwhile the regulators are arguing over who has the best porn stash.

A ROYAL Navy frigate was forced to train its weapons on three Iranian boats that tried to seize a British oil tanker off Iran yesterday.

https://www.thesun.co.uk/news/9482610/iran-standoff-royal-navy-oil-tanker/

Gotta love the fact that almost every time we take a hit we snap right back.

Scum still seems unable to mount a waterfall decline lately.

Sheriff’s deputy Wester arrested for planting drugs during bogus traffic stops . Over 100 cases dismissed where his testimony was involved .

inflation data in the form of the CPI came out a little hotter than expected in June so the markets have translated that into sell bonds & pm’s.

We all know inflation is bad for gold right? Right!??

Goose the USD a little but not much, it’s still down. No real believers out there that there won’t be a rate cut at the end of the month.

Not down much. We’ll see what happens.

Thanks for the update on GPL

That seems to be a different type of financing structure, better than “bought deal”. Seems they’re just basically saying they can sell up to $25 million in stock at the market anytime they choose, unless I’m misreading. Seems to me yesterday was just a knee-jerk reaction. Last time I looked, their cash position was pretty decent.

Big “if” silver gets going, this thing will get back to $2 in a hurry.