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

Richard640

Posted by ipso facto @ 10:22 on August 20, 2018  

Someone talked to him, I forget who, evidently he’s on vacation … doing some traveling and such.

I still would like to know what happened to Farmboy…

Posted by Richard640 @ 9:59 on August 20, 2018  

From a zh reader

Posted by Richard640 @ 9:55 on August 20, 2018  

gatorengineer Mon, 08/20/2018 – 09:13  Permalink

what retard writes this drivel?
1. “The debt cycle is on pause as first China and now the US have deleveraged and ‘normalised’.”

 

The US will monetize 1.2 T of federal debt alone, plus close to another half T of state and yocal debt.  Plus we run over a T trade deficit…  Over 2.5T a year of going in the hole, and we have Deleveraged?  Is this just some algo with a dictionary stringing buzzwords together?

https://www.zerohedge.com/news/2018-08-20/saxo-cio-warns-its-not-turkey-its-global-debt-cycle

Is there any “hope” in here?

Posted by ipso facto @ 9:46 on August 20, 2018  

Gold investors ‘give up hope’ as biggest short in history builds

Exchange-traded funds tracking the metal have bled assets for 13 consecutive weeks, the longest run in five years, investors have placed the biggest gold short on record, and bullion’s chief foe — a strong dollar — is extending its market grip.

Gold’s 9 percent tumble this year belies the turmoil in emerging markets and jitters over technology companies, the anchor of the U.S. equity bull market.

“The long suffering holders of ETFs have finally given up hope of the yellow metal returning to its former glories and have decided there is better protection in the dollar, the stock market and pretty much anything other than gold,” David Govett, head of precious metals at Marex Spectron, said by email. “I can only say that gold, as a safe haven, has been a massive disappointment this year.”

Hedge funds and other large speculators increased net-short bets on the precious metal in the week ending Aug. 14 to the most on record, according to data published Friday going back to 2006.

cont. http://www.mining.com/web/gold-investors-give-hope-biggest-short-history-builds/

I think I found something easier than owning PM’s – or actually they may be about equal

Posted by Floridagold @ 9:14 on August 20, 2018  

https://youtube.com/watch?v=f1BgzIZRfT8?feature=player_embedded

 

Morning R640

Posted by Buygold @ 9:06 on August 20, 2018  

That’s what you get for posting Butler on a Sunday afternoon!

Concur – SLV down $.08, GLD up $.24, shares up slightly

No doubt gold and the shares will fall in line with silver today

 

The “silver signal” is flashing that gold will give up its gains–silver is 14 cents off fridays 5pm close–

Posted by Richard640 @ 8:32 on August 20, 2018  

but the day is young and gold has been resilient the past few days…

A ZH reader comments

Posted by Richard640 @ 8:23 on August 20, 2018  

Reichstag Fire Dept.  Buckaroo Banzai Sat, 08/18/2018 – 20:22  Permalink

Shorting gold at US$275/ozT…(REFERRING TO THE YEAR 2000)
Where did they think it would go? Zero?!
They were wrong then and they are wrong now…but for different reasons.
Gold is heavily manipulated so when that need for manipulating the price down goes away you will see (ballpark) US$2500.oo/ozT gold.
Manipulation is to keep the US$ more attractive than gold. Now you have the Chinese and Russians holding physical by the tonne…divesting UST’s. They are playing the “long game” against the US$.
What is the scope of the long game?
When the Americans have only gold contracts and China/Russia have all the physical, what do you think will happen?
There is a paper/physical market seperation coming. Physical is quietly backing a basket of BRICS against the US$.
Is Trump going to attempt to crush the rest of the world’s economic value or join the US$ in that basket of currencies?
*************************************************************************
exartizo  platyops Sun, 08/19/2018 – 07:28  Permalink

Stop stacking for now.
I’ve seen the “supply/demand” arguments on ZH about the price of gold for years.
It’s all complete BULLSHIT.
Supply and demand have nothing to do with the price of gold RIGHT NOW.
Neither does the “cost” of gold.
Gold is being held in a trading range to benefit equities and cryptocurrencies, both owned by the Banksters.
Eventually that will change.
NOT NOW.

Maya – that Gotthard train brings back memories of an earlier time

Posted by Alex Valdor @ 6:51 on August 20, 2018  

and a great little car I had . In the mid-60’s the French car manufacturer Panhard went out of business and the assets were taken over by Citroen . More than ten years later I was living in Belgium and bought a Citroen GS , powered by a very efficient air cooled opposed flat four ‘Panhard’ engine . I had been traveling in Italy on vacation with the family and was returning via Lake Como and Lugano . At the time , you could put cars on a piggyback flatcar for the rail trip through the Gotthard tunnel . You stayed in your car , and the tunnel was cool , so the windows steamed up badly on the inside until you got to the other end and could open the windows again ( No A/C on that car ). I was once late for an appointment in Germany and buried the tach in the red for a full hour on the autobahn – no problem , no damage ! Amazing for an air cooled engine . An air-cooled VW Beetle would have been spitting valves or connecting rods at those rpm’s for that length of time.

Gold Train

Posted by Maya @ 5:41 on August 20, 2018  

rrflasher-copy

The Swiss tired of a tortuous route over the mountain to Italy,
so they bored the Gotthard Base Tunnel UNDER the mountain
for this high speed line.
http://www.railpictures.net/photo/665739/

 

Buygold–U got that right…I was bored and desperate…lol

Posted by Richard640 @ 23:00 on August 19, 2018  

Unbelievable !

Posted by Ororeef @ 21:28 on August 19, 2018  

Got my roof finished ..looks real nice..Then the County came along and PAVED the street for the last two days…Im thinking this is gonna look real nice ….Came home tonight and theyre digging up the street they just paved for the last two days ..It lasted one day !    ONE DAY !

Pompeo says ‘time for peace’ as Afghanistan announces ceasefire with Taliban

Posted by ipso facto @ 21:17 on August 19, 2018  

https://www.reuters.com/article/us-afghanistan-ceasefire-usa/pompeo-says-time-for-peace-as-afghanistan-announces-ceasefire-with-taliban-idUSKCN1L40MT

Alex Valdor @ 20:53

Posted by ipso facto @ 21:04 on August 19, 2018  

I threw mine away awhile back. You can’t eat it you know!

BTW – that site ‘has the system crashed yet ?’

Posted by Alex Valdor @ 20:56 on August 19, 2018  

Shows the Shanghai price of gold lower than the London price .
It used to always be higher , every time I looked at it .

IPSO – OOPS !

Posted by Alex Valdor @ 20:53 on August 19, 2018  

That bat is titanium – with a core of gold for extra heft .

Gold – AU – you know , that relic metal that is heavy enough to make a good door stop , or ballast for dead-heading ships going back to China , and not much else ….

Buygold

Posted by ipso facto @ 20:22 on August 19, 2018  

I think our heads are starting to wear away the bat.

Jesse … some good charts too

Posted by ipso facto @ 20:20 on August 19, 2018  

The Bullish Case For Gold: Indicators Suggest Gold Has Laid the Groundwork for a Substantial Rally

For those who care about gold such as myself, in the just released CFTC data for the week ended Tuesday, speculators went net short for the first time since December 2001 when gold was priced at $275 an ounce. It’s tough to find a more contrarian indicator.

Peter Boockvar

“They run all away, and cry, ‘the devil take the hindmost’.”

Beaumont and Fletcher, Philaster, or Love Lies a-Bleeding

The one thing that gives me pause is the current interest rate actions by the Fed. They *could* delay the rally until it becomes almost overwhelmingly inevitable. They do tend to do that sort of thing.

Timing is primarily an issue for those who are trading with leverage and for short term profits.

The Dow/Gold ratio is now back to pre-crisis levels (chart not shown).

As compared to 2002, the ‘free float’ of gold is tighter now, and central banks are net buyers rather than sellers. Physical gold may be more of an issue than normal, as opposed to the unwinding of paper positions after a multi-year price manipulation.

At this point one might ‘get right and sit tight’ in the usual measured way, and wait for the banquet of consequences to be served.

cont. https://jessescrossroadscafe.blogspot.com/

Oh geez Rich640 – you’ve got to be bored…

Posted by Buygold @ 17:50 on August 19, 2018  

Bringing up Ted Butler as a source for anything pm is the kiss of death.

There’s some good tennis on the TV. Federer vs. Djokovic,- the best in the world.

I bet we could learn more about pm’s by watching a tennis match than we could from Mr. Butler. 🙂

My bet is that gold is down $5-$10 at the open in the morning. Would love to be wrong for a change.

Ted Butler on silver…guess what, kids…What Buffalo Bob? Silver to da moon, that’s wot-!

Posted by Richard640 @ 17:41 on August 19, 2018  

By my calculations and based upon CFTC data, JPMorgan has bought back 20,000 COMEX silver short contracts (the equivalent of 100 million ounces) and 90,000 COMEX gold short contracts (the equivalent of 9 million ounces). How many more COMEX futures contracts can be bought by JPMorgan is anyone’s guess, but based upon the record short selling by the managed money traders, it wouldn’t appear that JPMorgan can buy many more COMEX contracts. After all, the record managed money selling is what enabled JPMorgan to buy so many contracts in the first place; once that selling dries up, JPMorgan is unlikely to be able to buy many more contracts as a result.

It is the highly concentrated nature of JPMorgan’s futures contract buying that sets the stage for an upside price jolt that promises to unfold faster to the upside than any previous move. So deft has JPMorgan been in buying gold futures contracts recently that I have taken to describing it as a double cross of other traders. But once the move higher unfolds, it promises to be the largest rally in silver and gold in history by virtue of the massive physical hoard accumulated by JPMorgan.

Amazingly, all it will take for this price explosion scenario to unfold is for JPMorgan not to add aggressively to short positions when the inevitable rally begins. You heard me right – the silver price explosion to $50 and beyond, along with a commensurate move in gold is only contingent on JPMorgan doing nothing on the next rally. Admittedly, JPMorgan has been in many similar set ups in the past and has always added aggressively to its COMEX short positions, eventually capping those rallies. This has prompted many to assume that JPMorgan will always sell short aggressively on future rallies. But the current set up has never favored JPMorgan this much. If what JPMorgan has always done holds true again we will get a rally of some significance anyway, just not the big one. But if JPMorgan doesn’t add to short positions on the next rally, the third run to $50 silver and beyond should be at hand.

Ted Butler

www.butlerresearch.com

https://www.silver-phoenix500.com/article/next-silver-run-50-and-beyond

deer79—thanks very much…

Posted by Richard640 @ 17:08 on August 19, 2018  


“In saying that there are no more banks so big and powerful that they are sure to receive government bailouts if they falter, Powell went further than his predecessors have. It was also an answer that many senators didn’t want to hear.”

Richard640

Posted by deer79 @ 14:16 on August 19, 2018  

Found this:

 

Investors looking to identify harami patterns must first look for daily market performance reported in candlestick charts. Harami patterns emerge over two or more days of trading, and a bullish harami relies on initial candles to indicate that a downward price trend is continuing, and that a bearish market looks to be pushing the price lower.

The bullish harami indicator is a charted as a long candlestick followed by a smaller body, referred to as a doji, that is completely contained within the vertical range of the previous body. To some, a line is drawn around this pattern resembles a pregnant woman. The word harami sourced from an old Japanese word meaning pregnant.

For a bullish harami to appear, a smaller body on the subsequent doji will close higher within the body of the previous day’s candle, signaling a greater likelihood that a reversal will occur.

Bullish Harami

Read more: Bullish Harami https://www.investopedia.com/terms/b/bullishharami.asp#ixzz5OeJVlr3z
Follow us: Investopedia on Facebook

X22 Report….. One more worth consideration

Posted by silverngold @ 10:14 on August 19, 2018  

X22 Report….. Worth a listen!

Posted by silverngold @ 10:08 on August 19, 2018  

Ororeef-I own some cheap puts on banks “just in case”…

Posted by Richard640 @ 8:30 on August 19, 2018  

but I have no expectation that 2008 will repeat THIS YEAR…I will do the same next year at some point…I expect “they” will keep the market up until the NOV.elections…I do not urge anyone to follow my lead….I only  posted that because there are so many people worried about a collapse/crash…so for those that really believe that,  I presented a plan for hedging

Older Posts »
Go to Top

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