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

Mining shares a little disappointing today with the nice rise in gold

Posted by ipso facto @ 13:32 on June 8, 2020  

Hope there’s not a beating on the way!

Captain Hook

Posted by goldielocks @ 11:55 on June 8, 2020  

If the left is that smart. They already do as in order them to go out fine people any way they can think up even during the virus when people already hurting but fining them. It’s not the police making these orders it’s them but let police take the fall and do the dirty work.
They mismanage money, name their own salaries, give it away go non citizens, can’t manage a budget then say their broke.
What a imperfect excuse to instead of say their broke is use it to defund them. They are already making cut backs in other areas many the lowest wages,? except for themselves.

Don’t invest in PNG!

Posted by ipso facto @ 10:26 on June 8, 2020  

Papua New Guinea (PNG) has threatened Barrick Gold with criminal proceedings, claiming the company’s joint venture in the country was planning to illegally export $13 million in silver and gold to Australia.

The country’s mining regulator said that Barrick Niugini Limited (BNL) asked earlier this week for clearance to ship precious metals to the Perth Mint.

The move, the Mineral Resources Authority (MRA) said, is considered illegal given that BNL is not allowed to process or ship gold since the government’s refused to extend its mining lease for the Porgera mine almost two months ago.

PNG threatens Barrick over alleged gold export attempt

a picture is worth a thousand words

Posted by treefrog @ 10:13 on June 8, 2020  

THE MORNING LINE Optimism, or Just the Madness of Crowds? Rick Ackerman June 7, 2020 5:30 pm

Posted by Richard640 @ 9:30 on June 8, 2020  

The Dismal Scientists were hard at work over the weekend, cheering the market’s powerful short-squeeze rally as though stocks somehow deserve to be trading at or near-record levels. Speculators evidently were not thinking about the pandemic’s effects on the global economy, only about a statistical blip in job creation that flouts common sense. Who were the buyers? Bored millennials, according to a story posted at Bloomberg. Just the kind of support Wall Street needs, not that anyone cares.

Adults who should know better included economist Ed Yardeni, who saw Friday’s rally as a sign that the “underlying strength of the American economy will emerge intact.” He ought to look around, since a drive through any neighborhood in America will reveal how many business are never coming back. Let the tour start in Manhattan, if he thinks that it is just mom-and-pop stores that have been fatally wounded.

A Reflex Reaction

Far from a sign of resilience in the economy. the rally is simply a reflex reaction to a tidal flood of money created from thin air by the central bank. At these absurd heights, stock prices no more reflect economic forces of supply and demand than do Treasury bonds, corporate junk and real estate. The gaseous effusion driving shares is worse than malinvestment on an epic scale, it is inflating a debt bubble that eventually must pop.

Yardeni and many other economists who cannot see the obvious are helping to stoke extraordinary popular delusions and crowd madness that cannot but end with a deflationary bust. It will be catalyzed mainly by imploding valuations for real estate and energy resources that thinly collateralize a quadrillion-dollar derivatives market. Once this financial catastrophe has run its course, it will require a hyperinflation to wipe out the government’s portion of our debts, which have become manifestly unpayable.

The calculus of deflation makes a bust unavoidable; for ultimately, every penny of every debt must be paid — if not by the borrower, then by the lender.   To think that the government can pump trillions of borrowed dollars into the economy without putting a fatal drag on future productivity is absurd.

Very nice

Posted by ipso facto @ 8:48 on June 8, 2020  

Great Bear Drills 30.51 g/t Gold Over 12.40 m at LP Fault

https://finance.yahoo.com/news/great-bear-drills-30-51-113000018.html

Buygold @ 8:05

Posted by Captain Hook @ 8:37 on June 8, 2020  

Yes but stocks are going up so who the hell needs PMs?

Chuckle

goldielocks @ 0:20

Posted by Captain Hook @ 8:35 on June 8, 2020  

The left is doing that to cause fear of losing their jobs.

Then, if they are told to do something they don’t want to do they will do it. (eg. kill, theft, etc.)

The left is just turning the screws in the control mechanism.

Have a nice day.

8 am EST slap down in the pm’s arrives as is the norm

Posted by Buygold @ 8:05 on June 8, 2020  

that would explain the weak premarket action in the shares.

8:00 am-the mkt looks set up for another big up day-just like Friday and is even sporting the same [bear trap] Nasdaq divergence

Posted by Richard640 @ 8:01 on June 8, 2020  

The DOW is up 234–the Russell is sreaming=up 28–yet the Naz is down 2.25–the 10 yr note isn’t buying the rally-it’s down just 1/64th…nor is the DAX joining in=up jst 7 pts…

https://futures.tradingcharts.com/marketquotes/ZN.html

https://finance.yahoo.com/quote/%5EGDAXI/

FLASH=

LOL–the DAX just POPPED 14 pts cause German industrial production report show an 18% drop–the largest on record

Morning Maddog

Posted by Buygold @ 7:35 on June 8, 2020  

Yeah I just remember the Guistra name and somehow Clinton swirled between my remaining brain cells.

Looks like we’ll try to rebound today, $1680 managed to hold Friday, so maybe we can re-take $1700.

Shares aren’t really jumping for joy premarket though. That’s always worrisome…..

Gold Train

Posted by Maya @ 3:25 on June 8, 2020  

rrflasher-copy

The Rio Grande summer ski train
https://railpictures.net/photo/733866/

 

Buygold

Posted by Maddog @ 1:58 on June 8, 2020  

Re Giustra….v wealthy Canadian mining investor….can’t be too many with same name/profile…so yes he was involved with Uranium One….though who played who, or as it turned out, they all made out like bandits.

He just lent a house to Prince and Princess Harry…clearly likes gaining favours.

Can they legally do this? Just how stupid are these people?

Posted by goldielocks @ 0:20 on June 8, 2020  

Wonder if the bigger picture is NWO destroy sovereignty create chaos bring in the UN.

Minneapolis To Disband Police Department
https://www.forbes.com/sites/andrewsolender/2020/06/07/minneapolis-votes-to-disband-police-department/?fbclid=IwAR0Zag1UezQYLuSPpQaX6MxsMzF_lVkO0zSSBXF5A-ENxMz_9_Jgd1dmil0#6d0ded455274

Ororeef

Posted by goldielocks @ 0:06 on June 8, 2020  

Apparently Dorn was friends of the owner. That should of never happened. Friends don’t let friends a 77 yr old to guard a business alone during a riot. Any age but 77 think it said. A TV or any amount was not worth losing a friend over. If they considered it to dangerous to be there they shouldn’t of asked him to be there alone no less either.

Felon Charged with Murdering Retired Police Captain David Dorn in Riots…NOW WHAT ?

Posted by Ororeef @ 23:55 on June 7, 2020  

Cannon-Dorn
SLPD
1:31

A convicted felon has been charged with murdering St. Louis, Missouri, 77-year-old retired police captain David Dorn during riots in the city last week.

The St. Louis Police Department announced Sunday that 24-year-old convicted felon Stephan Cannon has been arrested and charged with first-degree murder, first-degree robbery, first-degree burglary, armed criminal action, and unlawfully possessing a firearm after he allegedly murdered Dorn.

On June 2, according to police, Dorn was guarding Lee’s Pawn and Jewelry in St. Louis while riots, fires, and looting broke out. Surveillance footage, police said, shows Dorn arriving at the pawn shop, which had already been looted by Cannon and other men.

That is when Cannon can allegedly be seen on the footage approaching the corner of the pawn shop with a gun, and it is at this time that Dorn was shot, killed, and left on the sidewalk bleeding.

While searching Cannon’s residence, St. Louis police officers recovered a TV that had been looted from the pawn shop that night. Cannon is currently being held without bail.

Dorn had served nearly 40 years with the St. Louis Police Department before retiring in 2007. Dorn also served as police chief in the small town of Moline Acres, Missouri.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder. 

silverngold @ 10:56 on June 7, 2020

Posted by Ororeef @ 23:32 on June 7, 2020  

Is this GUY related to the BIG movie theatre GUY Spiros Skouras from Hollywood ?    ?

Name
 president 20 Century FOX
Spyros P. Skouras
Marilyn Monroe
Spyros P. Skouras
Marilyn Monroe
Age (at start of relationship)
58
25

Richard640 @ 17:32 on June 7, 2020 The FED wont let the MARKET fall

Posted by Ororeef @ 23:24 on June 7, 2020  

until the most money can be made by its fall…we’re not there yet  …maybe top in August -SEPT ,but certainly not until after the election results are apparent…no matter who wins…As long as money still goes in ..it wont be left on the table to be had…Its simple math it crashes when the Maximum can be taken ……Watch for when money goes in ,but prices dont rise …..when sellers are just as numerous as buyers is a tipping point..

Buygold @ 16:23 on June 7, 2020 Friends of Frank G…

Posted by Ororeef @ 23:05 on June 7, 2020  

Everything he said in this piece is true BUT…he was good friends with Clinton and crew and I believe supported Hillary…He’s very smart ,but I wouldent trust him as far as I can throw him .I did own some stocks he was involved in and barely broke even as he took them private..You can be his partner if you want to ,but NOT ME …He will figure out how to make money for himself,than leave you out…He,s too slick and like Slick willie  his friend …stay away…

Tell me it ain’t so Elmer! Wokeness takes Elmer’s firearm.

Posted by ipso facto @ 17:58 on June 7, 2020  

Reaping wabbits: Hunter Elmer Fudd gets SCYTHE after woke gun ban hits Looney Tunes reboot

Wokeness has hit the iconic Looney Tunes reboot, as its creators ban its characters from carrying firearms to apparently not promote gun violence. All other sorts of violence, however, remain in place.
The new series of animated shorts, titled Looney Tunes Cartoons, has been released on the subscription-based HBO Max platform. The series features all the main characters from the iconic 1930s and ‘40s series, still engaging in exaggerated cartoonish violence – with only one difference – from now on, the show will not feature any firearms.

“We’re not doing guns,” Peter Browngardt, an executive producer of the updated series, told the New York Times. “But we can do cartoony violence – TNT, the Acme stuff. All that was kind of grandfathered in.”

That’s it, Yosemite Sam has been stripped of his revolvers, while Elmer Fudd lost his shotgun. Instead, Elmer will be now trying to bag Bugs Bunny during the “wabbit season”wielding a scythe.

The creators probably believed that trying to slay the cartoon rabbit in an old-fashioned melee would be less damaging to young viewers than using more sophisticated weaponry. However, the bizarre case of self-censorship has invoked a whole storm of mockery online.

https://www.rt.com/news/491127-looney-tunes-gun-ban/

.to repeat…the market set up sure reminds me–in compressed form–of the set up

Posted by Richard640 @ 17:32 on June 7, 2020  

just before the march crash…back then, 2019, the mkt ignored the september  FED support program for overnite funds…and it ignored the virus—it seemed bullet proof…now it is ignoring the shattered economy and the historically expensive stock mkt & civil unrest & Trump behind in the polls…and, like back in feb.early March, before the crash, I just couldn’t imagine any downside…all the talk them, like now, was the FED won’t let the mkt fall…it’s covering all bets..

Frank Guistra – Truth or Not? Wasn’t he a Clinton associate back in the day?

Posted by Buygold @ 16:23 on June 7, 2020  

or am I mistaken?

https://www.zerohedge.com/geopolitical/cracks-financial-system-are-getting-bigger-heres-what-it-could-mean-gold

It cant be done ! you say…

Posted by Ororeef @ 13:35 on June 7, 2020  

I grew up in the Garment business in NJ…I still remember my Father ran a Factory with 600 women working under his supervision and they started during the depression and through the WW2 YEAR .Finally he went out on his own because his boss died of a Stroke at age 52 ..his family lost a Great man who promised a partnership to my Father ,so everything went down the tube for both familys..Several Partnerships later Dad found the right partner ,a super sales guy,dad was a Super Factory guy ..Nothing but money from day one.I worked for dad ,but with the new partnership he needed to concentrate on new things.So I formed a separate company while sharing the same building .I “inherited ” most of his “good” employees ,but they were trained in a different era.

They were fixed in their ways and I needed more production.They were all older than me ( I was 19 years old),some of them in their 60’s and seventy’s.

That was a big problem…every sewing section was piece work .Example an older employee making shoulder seams did 100 doz in 8 hours. I needed more production to make it profitable.She said it CANT be done ! I decided to myself I need to find someone that “DOSENT KNOW it cant be done ” .I hired an immigrant from Portugal ,she needed a job spoke very little english ,was 20 years old and NO experience ..I trained her far away from the older employee so she wouldent work at her Pace by watching her ..WELL it was a secret to success ,it wasent long before she was producing 250 doz per day !…. and making twice the pay of the older woman….There was my secret to success ,I was fortunate in the fact that I had Portugese,Cubans ,Italians available  that I trained away from the older workers and DIDNT KNOW what COULDENT be done !   I increased my average production by more than 30 % above my Fathers record.Dad said I was spoiling them by letting them earn so much more !  I said thats nuts,they earn it and the word gets around ,what followed was I attracted the fasted ,brightest,youngest workers around. I made a lot of money,they made a lot of money .I proved it COULD be done !

I started to invest in the Stock Market and found my calling.I didnt  listen to naysayers about what couldent be done .I invest the same way ,if it “cant be done “..I see that as MY advantage over the next investor ..I dont know it cant be done !

Richard640 @ 22:42

Posted by Captain Hook @ 12:43 on June 7, 2020  

As mentioned previously, volume based sentiment indicators have zero predictive value, which is why I focus on open interest ratios. Open interest ratio measure what traders are willing to hang on to overnight, and for this reason are a better reflection of true sentiment conditions — and hence fuel for the machines.

An examination of the open interest put / call ratios from trade on Friday show the trends for the two important markets (SPX and QQQ) remain in tact, tacking on additional gains as speculators continue attempting to bet on an impending top.

Thusly, allowing for some volatility, the trend(s) in the broad measures of stocks should continue higher.

Cheers

WUSSICANE Cristobal

Posted by treefrog @ 11:44 on June 7, 2020  

now in progress at treefrog manor.  max rain, minimal wind.

actually, it’s all good.  we have had a couple of dry months this spring, and this will bring the groundwater levels up to something like normal.

 

UPDATE SUNDAY NIGHT:  lots of rain!  up to 17 inches in a 24 hr period in some locations.  interstate 10 flooded – westbound lanes closed.

not a lot of wind.  not even very breezy here.  max winds about 10 mph.

outlook – soggy for a couple days until it soaks in or runs off.

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