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

Looked at the GLD chart yesterday, didn’t realize GLD was stuffed right at the 50 dma. Shouldn’t have been, considering the weakness in the dollar. I think the dollar is down what, 5% in the last 5 days? Gold up 2%.

SLV, OTOH, blew right through it 50 dma. Huge gaps below that may or may not be filled. Probably will, but shouldn’t be. Next resistance is $24, if we can make it there.

The dollar also has huge gaps, whether any of these fill is beyond my pay grade.

Anyhoo, we are down a little this am, with the 10 yr. up 2 bips. The dollar is up a little and may attempt to retake 100 in the index.

Oil down a little.

So, we wait to see how hard they’ll take us down today before the weekend.

Housing is an interesting play, I just don’t see how it goes higher – even here in FL. where demand is still strong.

The other thing that’s not at the forefront is servicing the massive debt with higher rates. I don’t see how we’re paying anything other than the interest on the debt.

Course it’s all computer click phony money anyway.

Boston’s autumn trolley ride
https://railpictures.net/photo/815605/

That particular style of ‘shimmy’ is Tahitian dance.  Hawaiian Hula is much slower and expressive.  It tells a story.

It’s a long one.

I haven’t needed to get gas in awhile to I didn’t notice. Now another 3 digit wave coming in again hope it doesn’t drive energy costs up too high. One thing I miss about living by the ocean. That’s all people need right now is more bills. They’ve cost such a mess and we could be energy efficient too.
I watched a video on housing. I don’t know about now but it doesn’t look good for them down the road. The videos on You Tube on Wealthion. I didn’t hear the whole thing but these real estate speculators are playing with people’s lives. They make a game of swindling and over charging people They think they can just name their own price. Last year when interest rates started rising Blackrock apparently said they’re going to put money aside to buy even more homes once the rates go down again and as their doing and causes a ripple effect double the price. They’re ripping people off. What their gonna wind up with is a bunch of migrants come over and put a bunch of people in each apt or house abd gonna have a sewer problems all over and more than that. There already having some trouble because empty places not only don’t earn money, squatters are moving in. Smaller speculators with no renters will sell. That and new housing is in the works. I wonder what the bankers are up too. Maybe they loaned the money to these speculators. I think we might have a tug of war with gold prices.

I’m amazed, besides just one from last year I held on to some shares  plus diversified  Im green across the board. That’s today though.

I wonder where ipso is?

I think the Fed knew the dollar was going to crater, those CPI and PPI numbers are going to go up next month and the month after. The weaker dollar is already re-spurring inflation. Don’t need to look any further than oil prices being up 10% in the last week or so. Our gas prices have gone up from $3.25 to $3.50 in that time. Everything else will go up as well, although I’m not sure about housing.

My account balance in one week, wiped out two months of losses from May 16.

The long drawn out case with the sec and XRP Ripple has settled. I didn’t even hear there was a case cuz I usually don’t follow them much but it’s a big deal to the ripple crowd.

I thought about you and your parrot too when I saw this one.Too cute.

https://www.facebook.com/reel/1349983158916489?fs=e&s=cl&mibextid=rS40aB7S9Ucbxw6v

Some guy really got into the Hawaiian spirit on his vacation.

https://www.facebook.com/reel/788364016002503?fs=e&s=cl&mibextid=rS40aB7S9Ucbxw6v

I never go that far. They are a bunch of retards so who cares.

All I’m watching for is when they stop shorting.

Then prices can rise.

Cheers

The Fed also said he was gonna raise rates again in July, passing on June when July generally has a rebound. Then said he was gonna follow with another after that. Now how would he know ahead of time if he’s gonna need one a couple or more months out if they follow the Data like they claim?  Could be wrong but think he’s part of the reason in the weakness in gold right now. That is wasn’t a accident. Maybe they use it for a barometer too lol

It seems to me that if they know the Brics were planning on a gold backed currency they’d want it to go up not to make it easy on them.I can’t blame them after they instigated a proxy war on Russia then weaponized the dollar. Maybe thats the partial reason besides liquidity issues,  why gold held out a little better then silver until ???

Hook, I didn’t ask. Why do you think BofA is taking delivery of silver? I’m not sure why the SM would have to be a lot lower for gold to go higher. The SM loves a weaker dollar, especially tech.

Goldie – everyone is thinking the Fed will pause and reverse course, and we’re worried about how much a rate hike will be.

Regardless of all that you guys, this is beyond absurd what’s happening today. T/A guys will say resistance or in the case of the HUI – the 50 dma. We should be soaring today, and as usual we’re not.

The Stocks and Real estate and everything else people invest in, are all inflation hedges. Meant to beat the dollars falling value since 1934. Originally the Fed was fighting an alleged deflation. In what I might ask. Wages?

Their plan is to revalue it one day once they get their hands more (our?) PM’s.

They will need to shore up their balance sheets at some point.

That means much higher prices.

Cheers

Watch the the Slow S crossovers. I put my own numbers on there.  Have you seen Thirdeyes Roberts charts. Man he’s killing it. Made it simple.

PS I’ll add besides crossovers watch the patterns or waves on the Slow Sto on those numbers. See the double bottom in April, it’s leveling gonna go side ways. Next bottoms from April to May went up predicting a possible move up coming. Same when heading down.

I don’t know where we’re going in the metals. With the drop in the dollar over the last 5 days, gold has been pretty pathetic. Should have been up $100 – easily. Par for the course, it has never failed to disappoint.

JPM taking delivery of silver is odd to me. Why silver? Is it possible that in reaction to the move from the BRIC’s the US will be forced to back with something? Silver would work, but our financial crooks don’t like any backing, they want to make computer entries and exchange nothing for real stuff.

I’m so fed up and pissed at the theft of these money center banks and their clowns in the Fed, not to mention the criminals in our Gov’t.

Just look at RIO, BHP and FCX up 2.5-3%, and the HUI is up 1/2% – barely.

I could see your scenario when the BRIC’s announce and they come in and crush gold. I don’t see how they do that if Shanghai revalues though.

PM’s are a losing proposition until they’re not.

You might be right with the Fed but hopefully it stays at the 25 point. Even with inflation falling so is the dollar. It made a head and shoulders and followed through wow what a candle. Could go another 20 or more below. Probably not straight down but will be watching slow scholastics. Maybe thats what put a sudden stops on the paper but so far not my paper luckily but shouldn’t assume anything.  So on the reverse side, don’t let it scare you yet. Keep a eye on this chart. You can make one like it.

Granted 2012-13 Gold got ahead of itself and corrected too low down to $1060 on the 1/1/16. I called that low. It has been my view since 9/11/01 that the NWO of the 1913 Fed Res Act ended and went into reverse on that day.

The chart below shows loss of control after 9/11/01. In general the AU AG miners are very under priced compared to Gold. (versus over priced general mkt) However I have a list of about 12 miners up 100% to 400% since the 1/1/16 Gold low. Below Gold and Copper showing outside control until after 9/11.

Postscript Document (mrci.com)

Postscript Document (mrci.com)

I hope you are right.

Just trying to be practical.

Don’t like seeing people losing money unnecessarily for decades on end because they are not living in reality.

Tried to wake up Farmboy way back. He must have been hurt in the 2013/2014 meltdown.

We don’t need to lose more good people.

Cheers all

My bet since late June, for various reasons is, we will never see sub $1,900 Gold again.