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

I heard the banks stopped giving mortgages because they don’t know what these houses will be worth later on. A lot of tax break,  “make work” Transit Oriented Developments 3 and 4 story, built on cheap industrial land right near rail tracks.

Also car dealers are stuffed with new/used cars. Many people dumping off their leased vehicles. Before the virus there was news about population dropping. Lots of empty shelves in the super market. I think a lot of people might enjoy not working for a change. 

its ore has run out at the same time management  has flooded the market with new shares,removed the up side leverage and any buyer is a fool and a sucker..its buyers must be working for the Gubberment investing stolen Government pension money …like Jimmy Hoffa…Central States Pension Fund . The Mafia is alive and well…

Hi Richard,  What do you think about this move by Direxion?

I guess the recent 3x to 2x reduction in multiplier (just as PM rebounds) wasn’t enough punishment.  Now Direxion wants to kick shareholders in the teeth as well.

IMO this is going to hurt anyone that held their shares during this beatdown. If my math isn’t wrong, the new shares will cost 25x as much; and psychologically it just seems easier to play with shares in the $10-50 range than playing with shares in the $250 – $1250 range.  Not to mention – forget options at $25,000 – $125,000/contract.

I know, I know….. these products are NOT supposed to be held long term.

BUT, check a chart of TQQQ vs QQQ – if one bought TQQQ (or UDOW) – no problem holding and profiting.

Fiat currencies are irrelevant. They are part of the clusterfuck zero sum game bankers would have you believe is important.

The debasement is universal across all fiat currencies that are printed at accelerating rates — as they must be in order for the Ponzi schemes they create to be maintained.

The debasement measures, then, are outside of this cube.

The debasement measures are commodity money — with gold at the pinnacle.

Cheers

Total cases: 517 (13 newly reported)
Hawai’i County: 41
Honolulu County: 358
Kaua’i County: 21
Maui County: 88
Pending: 3
Residents diagnosed outside of Hawai‘i: 6
Required Hospitalization: 45
Hawaii deaths: 9
Released from Isolation: 333
Cumulative totals as of 12:00pm, April 14, 2020

Masks now required for store entry or public presence everywhere here. Graph looks like we might have passed the peak, but not out of the woods yet.

Another salient point: anybody still looking at charts for “resistance” levels is either an idiot or a shill. We’ve just conjured up $10T out of the blue for God’s sake, with likely another $90T on the way. Resistance is irrelevant in this environment as we will soon discover. Whatever resistance is still being deployed is strictly of a cartel making, and bears no relevance to reality.

Question: Who would dare short gold at its 2011 high when it could be $2k in a nanosecond? By then the cartel retreat will be much more chaotic, and less cohesive. Shorting gold will be like betting you will get a seat when they shut the music off.

***

This would be another bullish factor for the PM sector

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

NEW YORK, April 8, 2020 /PRNewswire/ — Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a “Fund” and collectively, the “Funds”). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

After the close of the markets on April 22, 2020, each Fund will affect reverse splits of its issued and outstanding shares as follows

Fund Name
Reverse Split Ratio
Approximate decrease in
total number of
outstanding shares

Direxion Daily MSCI Brazil Bull 2X Shares
1 for 35
97%
Direxion Daily Junior Gold Miners Index Bear 2X Shares
1 for 25
96%
Direxion Daily Gold Miners Index Bear 2X Shares
1 for 25

Everybody has to know that. It just shows what a fake system we have. Each party gets 8 years pretty much automatically. But they have a make believe election anyway. This shell game reminds me of Mitt Romney republican running against Obama’s second four year term. Mitt Romney wasn’t even trying to win, he must have known it was all just wheel spinning.  And a big waste of campaign funding money.

That’s how it is, generally, in s bull mkt.

Maddog–I agree…just go directly to the source=PMs-!

Up very strong today. The long gold/short platinum spreaders may be buying their shorts back.

MUX had a good breakout today. I hope to buy it on some kind of retracement.

rno

What u smoking out there….the Dog was up 4.3 %…it was a nigh on perfect day for the scum….

Cheers

Good call….They painted small tops in shares all over the place in PM’s today….lets see how long they can hold it back.

They got a new problem now, as long as the SM is strong, it’s saying printing will take it all up, as nothing else will ….so why not cut out the middle man and buy PM’s and their shares !!!!

True.

But today was a down day for the larger share complex so that’s out of the way.

Onward and upward tomorrow.

You might be right, but as you have pointed out many times, the bull will try to throw you off at every opportunity.

Cheers

It only occurred to me today…so i thought i would throw it out there…..always trying to help, as they say….:-)

but buyers saying tks!!!!!!!!

https://finance.yahoo.com/quote/%5EHUI?ltr=1

I would wait to buy new/add on unil tomorrow–an opening plunge would reduce a lot of the risk one would run buying before the close today….the dollar is down .400 and offering no support…

as i write, I see the reflexive buying is coming in as it did at 11.10 am….but that buying got nowhere near the earlier highs…not to mention surpassing them like yesterday…and this is the SECOND BLITZ of the day–didn’t have that yesterday–gotta see the close and the overnite action

Exactly.

Next thing you know the bankers will be telling us they can pull gold out their collective ass.

Oh ya, that’s why they brought out ETF’s.

No use worrying.

They need to find real gold any way possible pronto.

As long as this condition exists you buy the dips.

Next week could be good post options expiry (this Friday) if the idiot gamblers can control themselves.

Cheers all

Ridiculous share action today. I’ll be glad if I close positive.

Effers!

I’m looking forward to the day when Like Ole Mother Hubbard someone looks in their cupboard and it’s empty! 🙂

Hadn’t thought of the legal angle of negligence on the part of those who invest there on behalf of others. Sure couldn’t hurt us. (since we don’t have a farthing there)

Cheers

They have to make it fail…..by closing below 30.65…..no matter what the Rig must go on.