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

Kahn, isn’t there any term limits on him?

Re London

It is the Mayor Khan, who is behind that.

https://www.zerohedge.com/political/residents-storm-city-council-texas-over-islamic-center-approval

Surprise surprise, muslim Javaid Anwar is on of Greg’s top donors. $6.3m since 2008, and is in charge of the Texas Higher Education Coordinating Board.

Even being nice to people is now coming under attack. Suits the islamists, I suppose, as not being nice to anyone seems to be part of their make-up. I do know some nice muslims – but I don’t think they would consider themselves in the same frame as islamists. It will be interesting to see how easily they might be radicalised if push came to shove.

https://www.zerohedge.com/political/niceness-whiteness-professors-denounce-politeness-privilege

‘Reloading Leverage’: Goldman’s ETF Guru Flags These 4 Key Themes Amid Industry Resilience

Wall Street Mav
@WallStreetMav
·
3h
They are almost literally at the castle gate. Buckingham Palace is not more than 5 blocks away.
Quote
Dr. Maalouf ‏
@realMaalouf
·
5h
There are more than 500 mosques in London, but they chose to pray on the grounds of Westminster Abbey, the most sacred site in the Anglican Church.

Why?

https://x.com/realMaalouf/status/2087173274803265536/video/1

…made a video on Instagram today. Here is the link ( Hint; he says he’s going underground to check something out)…..

https://www.instagram.com/reel/Db3XJDwIFKI/?igsh=MTAzYTkxdTQ4bDZicw==

I think it was near the middle of July, when I posted the GDX chart and my amateur wave count showing a target of 70.  At that time I began buying small positions in over 20 pm stocks.  All have done okay or better as would be expected in a bull move, but in retrospect some of the choices were weak ones.

I bought Barrick (I was surprised too, but I wanted some positions that were less volatile and it is a big part of GDX) as B hit the bottom Bollinger and GDX was at target of 70.  In spite of the big hit, it has support at the 18 week moving average and I have not been stopped out.

aurum

While the traders most likely have programs that locate stops, it would not be significant except for a large position where they would move the market to hit that stop.

However, if you place your stop in a standard location as under a common moving average, or below a recent low, or a common 10% then your stop will likely fall with many stops and so be the equivalent of a whale position.

I agree that stops written on paper are the best if adhered,  but again set in an unpopular amount.

I use weekly charts and set mental (written down) stops with significant losses so to be seldom hit.  If it is hit, I do not rebuy at higher and seldom at lower prices.  I move on to another opportunity.  This is how I do it for my trading window of months to a year holding time.

With small cap miners and big volatility, one would expect 15 to 25 percent dips.  The two things that help me are:  I sell when the stop area is hit or sometimes earlier if the chart looks dodgy.  The mental energy expenditure of riding a way under water stock is too high.  Second, I am very cautious about my entry points.  I use a combination of a momentum indicator and wave count and just chart look to buy.

When a buy doesn’t work I accept that I am playing in a rigged casino with rigged dice.  With that disadvantage and no indicators that work all the time, but only a high percentage, what can you expect?

aurum

I start with small positions, do not add to losing positions, and only add when a significant gain cushion exists and then on dips.

Still zero correlations. I kind of think that’s a good thing though.

drb2 – I think the same thing. Every time I’ve ever put a stop on it gets picked off. It’s all BS. These guys just steal from ya.

These shares are really strong right now. Pretty impressive. What a difference from a week ago.

The Kobeissi Letter
@KobeissiLetter
Retail investors are rushing back into gold:

The largest US physical-gold backed ETF,
$GLD
, attracted +$50 million in retail inflows on Wednesday, the largest daily inflow since March.

This was also twice the previous largest daily inflow recorded since early April.

Overall,
$GLD
attracted +$637 million in inflows on Wednesday, the largest daily inflow since June 18th.

Subsequently, the fund posted +$77 million and +$431 million in inflows on Thursday and Friday, respectively.

So far in August, investors have added +$1.4 billion to
$GLD
, putting the ETF on track for its first monthly inflow since February.

Investor appetite for gold is back.

chart

Did you watch that video on the dollar They found a way to end dedollaration or a portion of it.Not that inflation won’t go away. Even if they increase interest rates they won’t stop spending and printing. Inflation’s here to stay unless by some miracle they do stop in our life times. Just remember that end game has a sell the top and turn off the it will go higher talking heads that will come out. They’d also mandating banks to buy short term treasuries in order to lend.

The Houthis do the bidding of Iran so attacks from there on SA are are in effect attacks by Iran

https://gregreese.substack.com/p/dreams-and-an-interdimensional-nature?publication_id=706779&post_id=209002007&r=poko7&triedRedirect=true

I think the market makers can see your stops. Mental stops are best if you can hang around and watch them. Nevertheless they know the stops are there. Gen 7 to 10 percent which they just took out with more active traders and maybe a bit lower for longs. Generally it can be beneficial if your still on the green or profit and it goes much lower. The problem with the metal stocks is they play games to nickel and dime them all the way down. You can’t even trust break outs or turn it into fake outs. They break out the bring it down to stop them out then continue up. That’s where you have to watch out be ready to get back in. They’re just not like normal stocks. It’s a den of thieves.

Or you could wait after the break out for a back test and if it heads back up that’s when you buy and save yourself the trouble or buy a little at the low then add to it after the back test. Buy a short on the back test to hedge if it hit your stop loss mental or set and if it’s a back test sell the short when it bounces off and holds and continues up. But to have a better picture watch fundamentals plus as they say your 6, the dollar. Ocassionaly they can go up together but they’re going up. A pain in the ask especially if your time zone is hours behind the open and your watching early trading.

“the PM market leaves many scars”

You got that right!

Graddhy – Commodities TA+Cycles
@graddhybpc
Been saying for many years that capital is now rotating into commodities.
Been posting e.g. these historical big ratio chart turns, plus their breakouts, in real-time.
The commodities bull is end of rainbow stuff.
And, down the road, commodities will be the only game in town.

https://x.com/graddhybpc/status/2086720806642434277

Almost without fail, EVERY time i have put on a Stop, I have ended up losing the position forever or buying it back at a higher price.

I swear that the Scum must be able to see our Stops and their strategy is spook us into setting stops so that they can scoop them up right before they jump higher.

I think we are approaching the end game and now is not the time to lose one’s position.

OTOH – I have told myself this many times before – the PM market leaves many scars 😊

Quagmire

The Fed is doing QE they’re just not announcing it. What they’re getting back in mortgage backed securities they’re not putting it back but taking that money and putting it in treasuries. The reason why the long term bonds can move up because of housing loans vs future inflation. It’s a gamble.   Long term since the debt never gets paid  QEs still QE

Had to say that first. Fundamentally I can only see the PMs moving up over the years but will it move as fast short term as HIGH as the perma bulls claim and under what changing fundamental catylist short term. Should we stay alert and keep our stop loses in.place or risk a trap.

A look at US dollar  TA shorter term. This was early July. It did move higher but failed and headed down. Seems safe for now but needs to be watched.

Not too surprising given the magnitude of the move higher the last few days.

Rates and oil higher again, dollar flat.

I guess we’ll find out if this was another bull trap, or we’re just letting some air out.

Adult comedy

The problem I have with Armstrong wanting a democracy over a republic. In a democracy the majority rules. Democracy like what, populated NY,  LA. The millions of illegals or adult babies of birth tourism from China voting in China directly? I don’t think it would end well for the country.

Richards, scroll about 12 minutes in the case for gold, quite a list and other commodities including oil.