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Richard640 @ 22:06

Posted by silverngold @ 22:53 on September 27, 2014  

I can’t argue with some of what Trader Dan is saying but I take exception to some of it too. If you’ll go back to my monthly Dollar chart I posted today at 14:25 and click on the chart you will see that the dollar is right up against resistance right now. I’d say 86 is the max resistance. If we do break on through that resistance then it’s any body’s guess where it stops and Dan may be right.

I’ve had some doubts about Trader Dan though since he apparently had a falling out with Jim Sinclair. What was that all about?? Anyway, I’m wondering if he has been bought off to try to discourage us goldbugs from entering PM’s again?? Whatever the reason IMO he certainly has had an about face in his attitude toward PM’s. That’s the way I see it anyway!!  Silverngold

Trader Dan Friday on the dollar

Posted by Richard640 @ 22:06 on September 27, 2014  

One last thing for right now:

Look at this chart of the US Dollar. Is that impressive or what? This week makes ELEVEN CONSECUTIVE WEEKS of higher weekly closes. I will have to go back and survey the charts but surely this is one of the best performances that the greenback has shown in many years.

Looking at the chart one can see that the currency has clearly and decisively broken out above a congestion range trade that has been in plce for over 2 1/2 years now. All applicable Fibonacci retracement levels measured off the June 2010 high near 89 have been bested. Conventional Fibonacci analysis would portend a move all the way back to that peak. There does look to be some resistance coming in near the 86.50-87.00 zone prior to that however that would need to be overcome.

By all standards of TA, the Dollar is overbought and is due for some sort of setback; however, currency markets are one of the better trending markets once a solid trend is underway and thus are more prone to ignore overbought or oversold readings than other markets might be. This is because, generally speaking, the fundamental factors that go into establishing a currency trend are of much longer duration in forming and much less prone to undergoing rapid reversals.

For now, the Dollar is King once again!

R640 – LOL

Posted by Buygold @ 20:38 on September 27, 2014  

Sounds like a goldbug even more pissed off than I am.735bde62cd

Posted by Auandag @ 20:02 on September 27, 2014  
The Death Of The Derivatives Monster & It’s Impact On The Precious Metals
 


— Posted Sunday, 28 September 2014 | Share this article | 2 Comments

By Steve St. Angelo, SRSrocco Report

The values of gold and silver would be substantially higher if it wasn’t for the massive derivatives market.  Americans have no idea that the Derivatives Monster destroyed the ability for the market to properly value physical assets, commodities and the precious metals.

I would imagine very few people could state the total value of derivatives in the U.S. Banking Industry in 1990.  Actually, I had no idea until I did the research.  Of course, I knew it was much lower than hundreds of trillions in Dollars held by the banks today.

If we look at the table below, we can see the total notional value of derivatives in the top 25 U.S. Banks.  This data came from a paper by the BostonFed.org in 1996 titled Derivatives Activity At Troubled Banks:

Top 25 Banks Derivatives 1990

Adding up these 25 U.S. Banks derivatives holdings, we arrive at a paltry $3.28 Trillion in 1990.  The bank with the largest derivatives holdings during the first quarter of 1990 was Citibank with $767 billion.  Amazing aye?  The number one bank in 1990 didn’t even hold a $trillion of derivatives.

Let’s compare this table to the Office of the Comptroller of the Currency Q4 2013 Report on U.S. Bank Trading and Derivatives Activity:

U.S. Bank Derivatives Q4 2013

So, from 1990 total derivatives at the top 25 banks increased from $3.28 trillion to $45 trillion in 1998.  As we can see, total derivatives picked up significantly to reach a total $237 million by the end of 2013.

The majority of these derivatives (in red) are interest rate swaps.  Thus, the U.S. Banking industry utilized the Interest Rate Swap Market to destroy the REAL MARKET RATE OF INTEREST.  By the banks artificially controlling the market rate of interest, they also manipulate the REAL VALUE of goods, services, commodities and yes… the precious metals.

Let’s go back to 1980, when derivatives had a negligible impact on the market.  In 1980, the price of gold and silver hit new highs.  In January of 1980, silver hit a high of $49 and gold reached $873, while the Dow Jones Average topped 893.

The chart below shows the Dow-Gold Ratio from this same time period.  You will notice that in Jan 1980, the Dow-Gold Ratio was nearly 1/1.  The price of gold hit $873 and the Dow Jones was 893.

Dow-Gold Ratio 1980 to present

The Dow-Gold Ratio increased substantially until it peaked in 1999 at 44/1.  In Jan 2000, the Dow Jones hit a new record high of 11,750.  Here was the net result in the change from Jan 1980 to Jan 2000.

January 1980 Highs

Silver = $49

Gold = $873

Dow = 893

January 2000 Highs

Silver = $5.47

Gold = $291

Dow = 11,750

So, as the total of U.S. Bank Derivatives increased 1,150% ($3 trillion to $40 trillion) from 1990 to 2000, the majority of investors were flocking into paper assets of all kinds.  This had a profound impact on the markets.  From 1980 to 2000, the Dow Jones increased 1,200%, while the price of gold declined 67% and silver fell 89%.

Even though the Fed and Central Banks can control paper prices, they can’t print barrels of oil.  When global oil production started to peak , oil prices shot up substantially as competition increased.

Gold vs Oil Price & Ratio 2000-2014

The price of Brent crude increased from $25 in 2002 to $111 in 2011.  The quadrupling of the price of oil severely impacted the prices of all goods and services in the markets.  As we can see from the chart, the price of gold increased with the price of oil, until it was BUSHWHACKED by the Fed and Cartel Banks raid starting at the beginning of 2013.

This can be clearly seen by the Dow-Gold Ratio increasing from a low of 5.8 /1 at the end of 2011 to the nearly 14/1 currently.

Dow-Gold Ratio 1980 to present

The chart shows what the Dow-Gold Ratio would be using the 1980 1/1 ratio at the different Dow Jones Averages.  I doubt the Dow-Gold Ratio will ever reach 1/1 at the current valuation of the Dow Jones.  However, it will when the broader markets finally POP and head back down into the toilet.

We must remember, the Fed and Western Central Banks along with the Financial Industry have totally distorted the interest rate market.  Just look at the change in interest rates in the following countries since 2011.  This is an excerpt from the article, Fraud By Any Other Name Is Still A Fraud:

SOVEREIGN BONDS

• US, EU Bond markets rates were effectively dictated by central banks…

o During this massive rotation, US 10yr Treasury yield fell 55% from 3.67% in Jan to 1.67% in August ‘11 (currently 2.36%)
o June ’11 Irish 10yr peaked 14.5%…fell 87% til present (currently 1.78%)
o Oct ’11 Italian 10yr peaked @ 7.5%…fell 68% til present (currently 2.39%)
o Dec ’11 Greece 10yr debt peaked @ 42%…fell 86% til present (currently 5.62%)
o Dec ’11 Portugal 10yr peaked @ 17.5%…fell 83% til present (currently 3.02%)
o Jun ’12 Spanish 10yr peaked @ 7.75%…fell 71% (currently 2.14%)

• However, BRICS interest rates were generally unchanged Jan ’11 – present

o Brazil 12.4% to 11.6%
o Russia 7.8% to 9.3%
o India 8.15% to 8.5%
o China 3.9% to 4.26%
o S. Africa 8.6% to 7.8%

The evidence is clear, the Western Central Banks created the GREATEST FINANCIAL SHOW ON EARTH, but totally manipulating the real market rate of interest.  Many of the European countries that were ready to see a collapse of their bond markets, are now enjoying 10 year bonds at substantially lower rates.

How on earth did the Irish 10 year bond fall from a peak of 14.5% in June 2011, to 1.78% currently (at publish date of article)??  If we compare the change in 10 year bond rates from 2011 (and 2012), the U.S.-European rates MAGICALLY all went down, while most of the BRIC countries went higher.

This SLIGHT OF HAND by the Western Central Banks to manipulate their bond markets is not a sustainable business model.  When the collapse of the GRAND U.S. TREASURY MARKET finally arrives… the value of gold and silver will skyrocket.

We have already seen the different prices of gold valued at the historic Dow-Jones Ratio of 1/1, so let’s look at silver:

Dow-Silver Ratio 1980 to Present

How many investors realized the Dow-Silver Ratio hit 22/1 in 1980?  Even when silver hit a high of $49 in April 2011, the Dow-Silver Ratio was nearly ten times higher at 248/1.  I posted the different prices of silver compared to different levels of the Dow using the 1980 22/1 ratio.

Just when the price of gold and silver were about to BREAK-OUT at the end of 2012, after QE3 was announced, the Fed and Cartel banks embarked on the policy of CRUSHING the precious metals.

The RED ARROW denotes the direction of the Dow-Silver Ratio if Western Central Bank manipulation of the markets did not occur.  Without the Fed & Cartel Bank market rigging, a Dow Jones of 6,000 would mean gold would hit $6,000 (at 1980 Dow-Gold 1/1 ratio) and silver would reach $272 (at 1980 Dow-Silver 22/1 ratio).

The financial markets today are riding on FUMES.  There is no way telling how long the FACADE can go on, but with tensions between the West & East increasing significantly, we may see fireworks sooner than later.

Why should the BRIC countries that are experiencing higher (normal) rates of interest in their bond markets continue to allow the West to get away with ultra-low rates?  In addition, many of the BRIC and South American countries produce the lions share of the world’s metals and commodities only to see their values plummet due to the manipulation of the paper markets by the West.

Lastly, the majority of Americans are totally DELUDED by the euphoria in the U.S. Treasury and Stock Markets.  At some point, the BRICS will pull the plug on the GREATEST PAPER PONZI SCHEME in history, making gold and silver some of the best assets to own.

The Corbett Report

Posted by silverngold @ 17:29 on September 27, 2014  

Who is Really Behind ISIS (video)

Also tells who is financing ISIS. Interesting but not surprising!!

http://www.corbettreport.com/who-is-really-behind-isis-video/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CorbettReportRSS+%28The+Corbett+Report%29

Maya–Hear! Hear! Well said!

Posted by Richard640 @ 17:19 on September 27, 2014  

R640 It IS amusing to hear both sides..

Posted by Maya @ 16:47 on September 27, 2014  

…and it just goes to illustrate the depth of the divide created by TPTB in the gold market.  Remember when GATA was a lone voice in the wilderness and everyone else scoffed?   Now there are many in the market who voice the same concerns as GATA about the ‘In Your Face’ gold manipulation.  Most are frustrated (like a lot of us here) that despite exposing the sham, we cannot overthrow the shackles.  The control is total.

Then there are those in full denial who would never believe that the Govt./Fed/Banksters would ever do something so nefarious as manipulate gold.

…and the ones who swallowed the hook, line, and sinker of manipulation and truly BELIEVE that gold has become worthless and is no longer a safe haven!  Well in today’s controlled marketplace, gold is not a safe haven!

But when that marketplace dies….   as it must, eventually…. the age of Empire will be done here.

The only true safety in gold is to hold physical, as protection for that day when it comes.  The Russians and Chinese know this.

The Khorosan Group Does Not Exist

Posted by Floridagold @ 16:36 on September 27, 2014  

Hence, Obama gives us the Khorosan Group.

The who?

There is a reason that no one had heard of such a group until a nanosecond ago, when the “Khorosan Group” suddenly went from anonymity to the “imminent threat” that became the rationale for an emergency air war there was supposedly no time to ask Congress to authorize.

You haven’t heard of the Khorosan Group because there isn’t one. It is a name the administration came up with, calculating that Khorosan — the –Iranian–​Afghan border region — had sufficient connection to jihadist lore that no one would call the president on it.

http://www.nationalreview.com/article/388990/khorosan-group-does-not-exist-andrew-c-mccarthy

I do not agree with Huber but it’s always good to hear both sides-don’t shoot the messenger. eom TIA

Posted by Richard640 @ 15:41 on September 27, 2014  

Otto Huber-7-17=ALL these WORTHLESS golds/silvers NO longer any “flight to safety value” during international political “crises,” during financial storms, during currency turmoil, and during wars…..WORTHLESS

Posted by Richard640 @ 15:39 on September 27, 2014  

ottohuber76 • Jul 17, 2014 10:21 PM

MORE lessons for amateur gold/silver SUCKERS…pay attention, my POOR sweet gold/silver DUPES!

First, girls, it is option expiration tomorrow, so the gold/silver CALL WRITERS at the sleazy banks and funds will NEVER allow most of their WRITTEN gold/silver calls to go into the money…IMPOSSIBLE!!! And they can print and digitize INFINITE amounts of gold tomorrow in order to SHORT SELL it into the dirt, since the COMEX no longer requires physical gold settlement.

Second, the only reason the big media shills are focusing their attention upon these two NON-issues, the downing of the foreign airplane and yet another inconsequential Israeli incursion into Palestine, is in service of their wall street whoore-masters who aim to WRITE gazillions of WORTHLESS 2014 gold/silver CALL options tomorrow, along with the WRITING of gazillions of WORTHLESS Dow and Nasdaq PUTS.

And guess what, girls, gold is trading RED overseas right now, PROVING WITHOUT DOUBT, that ALL these WORTHLESS golds/silvers NO longer any “flight to safety value” during international political “crises,” during financial storms, during currency turmoil, and during wars…..WORTHLESS WORTHLESS WORTHLESS!!!! Less

From a Yahoo gold forum

Posted by Richard640 @ 15:33 on September 27, 2014  

freddy.merkuri • 19 hours ago

usd index now having little affect on gold / oil
sorry dirty money printer ,your little game is failing

check out the gold september volume on long term monthly chart ,they have thrown everything at this but are failing ….its very fun to watch

Who in their right mind wants to invest a single dollar in a rigged market that serves as nothing more than a piggy bank of clueless amateur monies for wall street banks and funds to steal

Posted by Richard640 @ 15:29 on September 27, 2014  

ottohuber76 • Jul 14, 2014 5:56 PM Flag
• 2users liked this postsusers disliked this posts0
• Reply

Gartman, aka Old Sleazo, declares gold floor at 1300 = gold and silver CRASH GUARANTEED!
Old Sleazo, aka Gartman, who has served for ages as a whoore puppet for Goldman, that wall street firm that has been the inveterate hater of all things gold, silver, and USELESS, just issued yet another PHONY PUMP of these WORTHLESS golds and silvers, and every experienced market pro knows it. In declaring there is a “floor” in gold at 1300, that is your 100% GUARANTEE it will CRASH well below that price point into the close of the year.

As per the norm, Gartman is a font of DISINFO NONSENSE, with only the odd kernel of “truth” sprinkled amongst his incessant LIES.

TRUTH: he declared correctly that gold NO longer offers any “flight to safety” value

LIE: he claimed that the gold market is not rigged, when every smart experienced pro trader knows wall street has rigged the golds and silvers for decades, placing a PERMANENT CAP upon all gold and silver prices to ensure that the trillions in bond monies will never find cause to redirect into golds and silvers, overwhelm them, and push them into verticality…and THAT is why there is NO logic to stick a single dollar into anything gold, silver, and USELESS. Who in their right mind wants to invest a single dollar in a rigged market that serves as nothing more than a piggy bank of clueless amateur monies for wall street banks and funds to steal $$$$ merrily whenever they desire???

TRUTH: he stated there is NO event that can trigger a strong surge in the gold price—and that is because he fully recognizes that gold is a controlled and CAPPED market, whose every brief puny DEADCAT BOUNCE is contrived primarily by gold and silver SHORTS for purposes of WRITING even more WORTHLESS gold/silver CALL options

LIE: he claims to be “bullish” gold in “yen terms,” and that is PREPOSTEROUS…..the yen is in a BEAR market, the US Dollar remains in roaring BULL market–and that means the gold price rising in YEN terms can NOT be rising in US Dollar terms…and other than the #$%$, who wants gold priced in yen???Less

GDXJ V.S. GOLD vid tech talk–this is really amazing–he sees saucer and inverse H&S bottoms for gdxj and note his comments about

Posted by Richard640 @ 15:10 on September 27, 2014  

volume since the DEC 2013 low-MOST interesting–any positive study of gold is welcome amidst the black pessimism-of course, only time will tell if he is correct-DYOD

http://www.superforcesignals.com/video/2014sept25gdxjvgld/2014sept25gdxjvgld.html

And again, I insist that u view this-Thank u for your cooperation–snort-!

Gold Slow stokes most o.s since gold was $400 in 2004/5-I insist that u view this video tech talk. Thank u for your cooperation.

Posted by Richard640 @ 14:53 on September 27, 2014  

Being so o.s. doesn’t mean or guarantee and end to a dntrend…but it does increase the chances of a bounce/o.s. rally of some sort.

http://www.superforcesignals.com/video/2014sept25goldslowstokes/2014sept25goldslowstokes.html

USD, just FYI!!

Posted by silverngold @ 14:25 on September 27, 2014  

sg9 US Dollar

maya we have a facsimilie of the flagler car here

Posted by WANKA @ 13:32 on September 27, 2014  

run by the train and trolley guys but really a tourist buy a souvineer shop made in china get um while they last trinkets blather. known as ‘flagler station’ next to it a rail car representation but still a tourist gift shop. that is the nature of the ‘historic’ flagler musieum although some good info can be had so i must give credit where due but its still a china trinkets store. :mrgreen:

click on flagler station tab
http://www.historictours.com/keywest/default.htm
http://www.flaglerstation.net/

now the real flagler history in embeded in the walls and decor and structuring of the casa marina which flagler also built in the rr days for all the ‘elite’ to travel his rr to kw and be wined and dined in a luxury hotel. these days it flys the waldorf astoria flag.
http://casamarinaresort.com/

enjoy and best of cheers. good your back full function the captcha was redundant. wj

EXXON Discovers worlds Largest OIL Field

Posted by Ororeef @ 13:13 on September 27, 2014  

theres only one problem…Its located in Russia  ..and Obummer has made them villan of the day .and Russia is laughing their ass off at the thought of confiscating US Assets .Thanks EXXON we can handle it from here.!  Its bigger than the whole Carribbean worth a TRILLION US DOLLARS …

Will Russia take its cue from Obummer ,or will EXXON tell OBUMMER to take a hike ….Ill bet Obummer is going to be ignored ..what a damm fool !

 

http://www.zerohedge.com/news/2014-09-27/russia-discovers-massive-arctic-oil-field-which-may-be-larger-gulf-mexico#comments

It’s Saturday. I slept till noon. Now where’s my coffee?

Posted by Maya @ 12:49 on September 27, 2014  

dog-coffeec

Wanka-

Flagler’s “Rail Yacht”… great name!  I will keep an eye out for more interior shots, too.  It really piqued my curiosity.  Considering what the man accomplished, I’m sure he settled for nothing but the best.  Too bad the present day ‘Florida East Coast’ RR doesn’t have a museum.  They are but a namesake shadow of a once great empire.

O’l DROOPY is alive and Well

Posted by Ororeef @ 12:45 on September 27, 2014  

drd drd(Droopy)

Richard

Posted by goldielocks @ 11:52 on September 27, 2014  

I wish I could understand what you said but I don’t.  I’ll have to look up Altos. Although until I see some  catalyst I’m not too hopeful in sales prices picking up even if they aren’t selling.

Goldielocks-I hope that does make a difference…but the CBs are irrelevant-cause there is still the overhang of the altos.

Posted by Richard640 @ 11:39 on September 27, 2014  

So, no overhang of central bank gold sales over the gold price!

Right now-a scam artist on FOX Biz News channel is giving a hard sell to buy gold

Posted by Richard640 @ 11:36 on September 27, 2014  

the “set” is=he is standing in front of a bank vault–with a guard in uniform behind him–he says=experts say that gold could go to $5000 in a matter of months–[I guess he could quote Organ]….it’s really too, too funny-!

Cat should I or shouldn’t I

Posted by goldielocks @ 11:29 on September 27, 2014  

Does patience pay? Ask a cat.

Will this have a bottom effect or not.

Posted by goldielocks @ 11:13 on September 27, 2014  

There were no sales or purchases from or to the SPDR gold ETF or from or to the Gold Trust, on Thursday. The holdings of the gold ETFs stand at 773.449 tonnes in the SPDR gold ETF and at 164.18 tonnes in the Gold Trust. Equity markets in the U.S. are falling, but as you can see from zero sales from the SPDR gold ETF, this does not means that U.S. investors are moving into gold.
The gold price hit a level where Asian demand came through to snatch bargains in London, as we expected around $1,200. The gold price fell back to $1,208, but recovered quickly to $1,222 where it held overnight until London opened. This is an important move to us as there is no cogent reason why the gold price should fall with the euro. Yes, it is recognized as a hedge against the dollar, both ways, in the developed world, but this should not be reflected in day-to-day prices. It is becoming a hedge against all currencies and will be so in the future.
With the dominant factor in the gold market being Asian demand and supply we expect prices to reflect those market behaviors, as we said yesterday. This is rising, as they see such low prices and the season for gold is upon them.
Unlike the developed world, we see that gold has a very active role in the Chinese banking system in leasing and collateral down at company and individual levels. In the west its role is as an investment or important reserve asset. While the west may feel this archaic, we feel the Chinese are getting it right and in the future, in the west gold will take on a much more active role in cross border transactions.
Today marks the last day of the third Central Bank Gold Agreement and next week the beginning of the fourth one. In the statement from the signatories the big difference is that there are no more plans to sell gold. Essentially, their sales have been completed. They repeat that gold remains an important element of global monetary reserves. This Agreement will be reviewed after five years. So, no overhang of central bank gold sales over the gold price!
Silver– The silver price has stopped falling too.
Julian Phillips is the founder of www.GoldForecaster.com and www.SilverForecaster.com

 

Maybe they should of thought of that before they started recording everyone’s texts and emails unlawfully making out if the reach of unlawful law gone wild.

Posted by goldielocks @ 10:24 on September 27, 2014  

 

FBI director James Comey, who used to be the head prosecutor in NYC the most corrupt office in the system, had come out swinging at Apple and Google for developing forms of smartphone encryption so secure that law enforcement officials cannot easily gain access to information stored on the devices – even when they have valid search warrants. Of course, Mr Comey can only see the abuse of power of government as necessary and not the severe damage that has been done to the entire industry because of the abuse of the NSA and others. He said he could not understand why companies would “market something expressly to allow people to place themselves beyond the law.” Perhaps he should not work for government and then he might get it.

Largely because of the abuse of government, which is by itself beyond the law that he cannot grasp, this is not a question of only criminals. This is a matter of personal privacy that a government if FREE – has not right to violate. This is not all about him. This is what those in government cannot see. There is a real world out here with a right to LIBERTY, FREEDOM FOR ALL, and the right to PRIVACY. It was government outlawing condoms that led the Supreme Court to draw the line and say no – there is a right to privacy. That right was established in Griswold v Connecticut. Just how does one enforce you are not using a condom? Do government agents storm into your bedroom to inspect before having sex? This is what Comey just does not understand – sorry you have no such right. Prove your cases the old fashion way – with detective work. Armstrong

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