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

goldie

Posted by aufever @ 17:20 on January 19, 2020  

End of 3Q
Still 21-17
KC 1st and goal at Tenn 3

goldie

Posted by aufever @ 16:35 on January 19, 2020  

Halftime
Titans scored on first 3 drives
Mahomes 2 TD passes, and ran 27 yards for 1 with 11 seconds left
KC 21-17

Ipso 12:07

Posted by goldielocks @ 13:51 on January 19, 2020  

No but would appreciate score updates esp on Green Bay vs 49 ers if anyone’s watching.

Prices shot up in shops and restaurants when the euro replaced the Deutsche Mark in 2002,

Posted by Richard640 @ 12:32 on January 19, 2020  

ECB struggles to ease consumer perception of high inflation

 

 

By Martin Arnold
Financial Times, London
Sunday, January 19, 2020
Sebastian Werner’s family farm has had a weekly stall selling its apples, berries and honey beside the 1,000-year-old cathedral in the German town of Mainz since the 1970s — but in the past few years he has noticed a worrying shift.
“I know almost all our customers here and some of the older ones stopped buying our produce after they retired, saying they can no longer afford it,” he said. “Prices keep going up — rents, petrol and electricity — so they have less money to spend.
Heidi Sohn, a butcher from just across the Rhine in Wiesbaden, agreed with him. “Prices are a bit too high — rents are definitely too much,” she said, adding that to afford somewhere to live she needed to move out of the city. 

Ask anyone at the European Central Bank’s headquarters 20 miles away in Frankfurt about inflation and they are likely to express frustration at its persistently low level. Yet at the Mainz farmers’ market, many people think the opposite.
Prices shot up in shops and restaurants when the euro replaced the Deutsche Mark in 2002, said Ludwig Kloster, a baker from the nearby town of Bad Kreuznach, adding: “The cost of living is still going up.” He aims to retire to Latin America, where “things cost half as much.”
In recent years eurozone consumers have consistently believed inflation in the bloc to be much higher than it actually is. Households thought annual inflation averaged close to 9 per cent between 2004 and 2015, according to a European Commission survey. …

Has everyone voted in the football poll?

Posted by ipso facto @ 12:07 on January 19, 2020  

Looks like the SM is closed tomorrow

Posted by Buygold @ 10:07 on January 19, 2020  

Martin Luther King Day

We’ll see if gold and silver have the usual good days while the US market is closed and then fade when the US sm re-opens on Tuesday.

On e good thing, we know the shares can’t go down on Monday. 🙂

Bloomberg: “‘This is Insane’: Muni Yields at the Lowest Since Elvis was King.”

Posted by Richard640 @ 7:26 on January 19, 2020  
http://creditbubblebulletin.blogspot.com/2020/01/weekly-commentary-this-is-insane.html

 

Saturday, January 18, 2020

Weekly Commentary: “This is Insane”

Please join Doug Noland and David McAlvany this coming Thursday, January 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, “Surviving an Equities Melt Up” Click here to register.

ETF.com: “…Investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into the space during the week…, sending year-to-date inflows to $35.2 billion, well ahead of year-ago levels of $8.4 billion.”

Bloomberg: “Global currency volatility has dropped to the lowest level ever recorded.”

Bloomberg: “Bond managers are starting to contemplate the prospect of another decade without a Federal Reserve interest-rate hike.”

Bloomberg: “Forward price-to-earnings ratios for U.S. growth stocks have reached levels only seen in eight months over a span of three decades of data…”

Reuters: “J.P. Morgan Chase posted profit and revenue that smashed through analysts’ expectations on a strong rebound in trading revenue… Bond trading revenue surged 86% to $3.4 billion…”

Bloomberg: “‘This is Insane’: Muni Yields at the Lowest Since Elvis was King.”

We’re witness to historic developments across global financial markets extending far beyond an equities melt-up. U.S. corporate Credit this week traded near the narrowest spreads (to Treasuries) since 2007. Popular Credit default swap (CDS) indices priced this week at pre-crisis lows – investment-grade and high yield. At 46 bps, Goldman Sachs (5-yr) CDS closed the week at the low since 2007. JPMorgan CDS fell five bps this week to 30.6 bps, the low going back to October 2007. A Leveraged Loans index closed Friday at a record high price. European fixed-income CDS ended the week at or near multi-year lows – investment-grade, high-yield and financial. And this week from Bloomberg: “U.S. High-Grade Market Devours Nearly $100 Billion in New Debt.”

This historic financial Bubble is a manifestation of Monetary Disorder and a direct inflationary consequence of an unprecedented global Credit Bubble. There were new data this week from the Institute of International Finance (IIF).

This is how a Bernie gets to be president some day-America is doomed…I hate to say it but this article makes sense..

Posted by Richard640 @ 23:57 on January 18, 2020  
Authored by Adam Taggart via PeakProsperity.com,
Juggernaut: (n) massive inexorable force, campaign, movement, or object that crushes whatever is in its path
The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever.

Posted by treefrog @ 22:30 on January 18, 2020  

5508de7eeae37f3ca4bdce99d0e8aeea1d46c5ba.gifv (320×400)

Scottish Slang

Posted by commish @ 19:59 on January 18, 2020  

!!EAT MORE POSSUM!!

Posted by treefrog @ 19:43 on January 18, 2020  

i saw a bald eagle today.  our noble national bird has his ignoble moments.  this one was dining on some roadkill (a possum, i think) beside state road 59 south of wacissa, florida.

a handsome bird, never the less.

Related image

(not my photo)

Couldn’t happen? Ask the Japanese…

Posted by Richard640 @ 16:55 on January 18, 2020  
And so how do we get back to historically run-of-the-mill valuation norms?
The answer is simple:
“Wait nearly 30 years, allowing both the U.S. economy and U.S. corporate revenues to grow at the same rate as the past two decades, while stock prices remain unchanged, with no intervening periods of recession or investor risk-aversion, or alternatively (and far more likely), watch the S&P 500 lose two-thirds of its value over the completion of this market cycle.”
Couldn’t happen? Ask the Japanese…
Buy… and wait passively.

https://www.zerohedge.com/markets/investors-face-grave-danger-wait-30-years-nothing-or-lose-67-now

Mr Copper–great post–thanks for the water cos.

Posted by Richard640 @ 16:48 on January 18, 2020  

@Richie re 0:39

Posted by Mr.Copper @ 13:49 on January 18, 2020  

I can respond to some of that.

Where else do you spot opportunities?

Check out Water Companies, in clear uptrends, and absolutely NOTHING about it in Gov’t Media. AWK, WTR, AWR, NEE, MSEX.

Gold is inversely correlated with either near zero rates, zero rates, or negative rates which makes it an ideal investment.

Not always. From around 1971 to 1980 Gold went from $140 to $800. At the exact same time, Paul Volker raised interest rates, they went UP. From around 6% to 21%.  How could that David Rosenberg not KNOW that?? He must be very young.

RE HELICOPTER MONEY?? We’ve had plenty of that since the dot com bust, 9/11 and the real estate crash in 2008. But it didn’t land in the right hands. It went to people that didn’t NEED it. That helicopter money should have been given to the 18 to 25 year old private sector non union employees. Even if they were NOT employed if they wanted to see some action.

They did give helicopter money to them (under paid people) in the form of real estate and home equity loans. That many could not pay back. They screwed themselves, the bankers. I’m sure that back room story was…”hell no don’t give them higher minimum wage, they’ll just spend it, give them loans” 🙂

This debt morass (Gov’t Borrowing?) has been the result of tax receipts not keeping up with inflation, was the result of private sector non union wages not keeping up with inflation. The water company, the electric company, your school taxes, teachers cops etc etc all keep up with inflation by simply raising bills or tax rates. They don’t even have to ASK. EVERYTHING has to go up in unison. But, but.

But the common working people CAN’T just raise their wage in unison to the employer. Each household is like a business that has overhead. Many are supported by taxes, of the people who can’t afford to pay taxes, so budget deficits or public debt gets bigger.

Why is nobody talking like this on CNBC?? Are they THAT stupid? Or just won’t admit it? Re they are talking about a virus from China. I think TPTB need to stop supporting these artificially cheap airline tickets cause massive numbers of unneeded frivolous international travel.

Definitely Gold and most other metals are going much higher, and NOT necessarily from inflation. Water too, a most important product was always very cheap. Palladium platinum, watch Copper and aluminum too, all under priced, like airline tickets and unskilled labor.

 

 

 

 

 

 

Rosenberg

Posted by Buygold @ 8:46 on January 18, 2020  

Well $3K would be nice if it happened by the end of this year. 🙂

ZH had an article about how the Fed had created an “everything bubble”. I just haven’t seen the “bubble” created in pm’s just yet, in fact the bubble seems to have been in creating the amount of short contracts they’ve thrown at our metals on the Crimex.

I’m really hoping for the type of bubble that takes gold to $5-10K before this is over but I guess that would mean they’ve lost control of the currency markets.

Gold Train

Posted by Maya @ 1:04 on January 18, 2020  

rrflasher-copy

Winter Wonderland
https://railpictures.net/photo/719527/

 

David Rosenberg interview= Gold demand is predicated on the final act which is going to be right-out debt monetization.

Posted by Richard640 @ 0:39 on January 18, 2020  
Where else do you spot opportunities?
Gold is inversely correlated with either near zero rates, zero rates, or negative rates which makes it an ideal investment. Mark Twain coined the phrase “Lies, damned lies, and statistics”. But the thing about charts is that they don’t lie. Gold went through a long-term, multi-year basing period. Now, it has broken out and the chart looks fantastic. Also, gold is no country’s liability. For example, in the United States M2 growth is running at double digits. So when you compare the new supply of gold against the supply of money coming into the system from Central Banks, to me it’s a very clear cut case that you want to have very high exposure to bullion.
You’re predicting that the gold price will surge to $3000 an ounce. What are the fundamentals your forecast is based on?
It’s just a matter of when, not if.==When we get to the lows of the next recession, we’re going to find that these Central Banks that already have been extremely aggressive are going to engage in what is otherwise known as the “debt jubilee” or a right-out debt monetization which was actually the final chapter of the Bernanke playbook. Remember, Ben Bernanke got his nickname “Helicopter Ben” because in a speech in 2002 he suggested that helicopter money could always be used to prevent deflation. So we’re going to have helicopter money.
That doesn’t sound very encouraging.
Would you ever have thought that, at or near the peak of this cycle interest rates would be at the lowest level since the 1500s? Just imagine what happens to monetary policy in the next downturn.
What do you think?
This debt morass has been the principal reason why – notwithstanding how wonderful the stock market has done – this has been the weakest global expansion on record. What happens in the next recession is that the cash flows to service that debt are going to become significantly impaired and we’re going to get a destabilizing default and delinquency cycle. I know, that sounds absolutely horrible, but we’ve hit the end of the road on negative interest rates, and we’ve really hit the end of the road on quantitative easing. So the Central Banks are going to go into a new, non-conventional toolkit called debt monetization. They will lose control of the monetary base and then we will go into a situation where, even with technology and with aging demographics in the industrialized world, we will be talking about inflation again. That might come in the next 18 to 24 months, and gold is going to skyrocket.

COT’s nothing to write home about

Posted by Buygold @ 16:19 on January 17, 2020  

although the banks did add more longs than shorts by a small margin.

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

Left for awhile, didn’t see the selling in the shares coming, must’ve happened in the last half hour?

Maya

Posted by goldielocks @ 15:02 on January 17, 2020  

You did good. I came close, it was a nice property that flowed inside lots of wood not just typical and cheap and that was before the volcano when home prices were down, But I learned a native Islander there was trying to qualify for it and wasn’t going to take from them so let them have it. It wasn’t in the area where the volcano went so probably survived.
You should of got your real-estate license. You have a way with words lol Awesome on taxes. In California it’s the highest and will just get worse.

Posted by Maya @ 14:42 on January 17, 2020  

001-ben-garrison-impeachment-pelosi-01-e1579219728315

 

goldielocks @ 3:01 – Real Estate

Posted by Maya @ 14:09 on January 17, 2020  

You know the old saying: “Buy when there’s blood (or lava) in the streets”.  I bought the volcano ranch here when lava was threatening the village… cheap.  I endured another nearby eruption, and now that the volcano has settled down… perhaps for years… people are again buying in the area.  I paid retirement cash for the ranch here, and in four years it has now doubled in value.  But I’m not selling nor encumbering the property.  This is my cheap retirement home, ’till death do us part.  As a senior citizen homestead, my property taxes are $200/year.  Best bargain of a lifetime.

the cat came back

Posted by treefrog @ 14:03 on January 17, 2020  

gpl green again – but not by much.

To further tie into R640’s commentary

Posted by eeos @ 14:02 on January 17, 2020  

In Denver, we’re being invaded by berqa-wearing women.

I don’t get why our country has to accept so many people that have no interest in human-rights, women’s rights, and have zero interest in culturally integrating with society. We’re fuct on this level as a country. If you love your daughter, nieces, wives or anything that’s been accomplished in our country, then what the hell is going on here?

Why do men need to dress their wives like ninja’s with a slit seen out for eyes? Fuct. If the men want, they can dress up in berqa clown suits. If a man can’t control his mind and actions in society and forces a woman to dress like this, put them in prison cells.

@ipso facto re CDE or Coeur Used To Be Coeur d’Alene, town in Idaho

Posted by Mr.Copper @ 13:57 on January 17, 2020  

They should have never changed the name. Coeur d’Alene sounded nice. Coeur sounds stupid. I knew when they changed the name it would hurt the stock. Why didn’t they name it Coors to remind people of beer from Colorado? 🙂

Same thing happened to Smith & Wesson when they changed it to American Outdoor Brands corp. It just kept dropping. So now they are going to separate them. Announced. Back to Smith & Wesson soon and it started climbing again. Remember Sunshine Mining?? Some people like a stock with a nice name. CDE needs much higher Silver prices

“Until about four years ago, Coeur Mining was known as Coeur d’Alene Mines Corporation. It was only in May 2013 that the company changed its name to the simpler Coeur Mining, Inc., as we know it today, as it shifted its state of incorporation from Idaho, where it was originally incorporated in 1923, to Delaware.”

Look at CDE chart after 2013:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cde&insttype=&freq=2&show=&time=13

Was looking a bit dim for the shares earlier but…

Posted by Buygold @ 13:57 on January 17, 2020  

looking a lot better right now.

Maybe we’ll even pull out a nice, positive close.

Gotta love the strength of the last few days

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