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

R640 – here’s a catalyst for your Monday selloff – Italy

Posted by Buygold @ 19:08 on February 22, 2020  

Italy Declares “National Emergency” As Coronavirus Cases Surge, Northern Italy On Lockdown: Virus Updates

While China is fabricating daily updates to calm the population, the coronavirus pandemic is spreading around the globe with clusters in South Korea, Japan, Iran and now, Italy.

R640

Posted by Buygold @ 14:43 on February 22, 2020  

We talked about those uber bearish COT’s a little yesterday. Funny thing is that gold and to a lesser extent silver has been ignoring the bearish COT’s for months now, and as you correctly point out, a much stronger dollar.

The only thing gold does seem to be paying attention to is bonds and falling rates.

The thing is, if Wolanchuk is right as you suspect, then the SM has a long way to fall and I would think that means bonds continue to rally and rates fall with the SM.

Not sure why the banksters keep pressing their short bets with gold if we are to believe the COT numbers, other than we know they’ll never have to actually cover their bets with anything but printed fiat.

I’d love to see them actually get the hell squeezed out of them. The pure amount of shorts they have at the Crimex have to be worth at least $500 to the upside.

I gotta go with Wolanchuk–he said the mkt could get very ugly next week…any 100-150 DOW

Posted by Richard640 @ 13:37 on February 22, 2020  

opening rally next week could be a whale of a sale…I’ll be watching how the trannies open…they FINALLY opened down on Friday–u recall they were strongly up–+130–on Thursday…even when the DOW was down 380 trannies were still up 15..

Gold has ignored the rising dollar-will it ignore these bearish COTs?

Posted by Richard640 @ 13:15 on February 22, 2020  

The Commitment of Traders Report

Silver

*The large specs increased their long positions by 11,545 contracts and increased their shorts by 1,305 contracts.

*The commercials increased their longs by 1,062 contracts and increased their shorts by 9,386 contracts.

*The small specs increased their longs by 150 contracts and increased their shorts by 2,066 contracts.

The commercials net short position rose to 101,781 contracts.

GOLD

*The large specs increased their long positions by 51,814 contracts and increased their shorts by 6,139 contracts.

*The commercials reduced their longs by 6,110 contracts and increased their shorts by 41,711 contracts.

*The small specs increased their long positions by 4,246 contracts and increased their shorts by 2,100 contracts.

The commercials net short position rose to 385,612 contracts.

 

@ Eeos – RE: your “Gold is Money” Post

Posted by drb2 @ 11:11 on February 22, 2020  

thank you for posting that video.  It was excellent!

When will China drop the hammer and announce?

No doubt in my mind that that day is coming, my big question is will I live to see it.

Gold Train

Posted by Maya @ 2:38 on February 22, 2020  

rrflasher-copy

Chessie Steam Special
https://railpictures.net/photo/722077/

 

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