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

Floridagold, Just So You Know….

Posted by Farmboy @ 22:37 on November 1, 2014  

I knew the Dawgs where in serious trouble when I ordered me some Onion Rings, Chicken Fingers, and Buffalo Wings (cslled the sampler platter )  and the waitress brought them to my table wearing a Georgia Shirt and a Florida Gator Ballcap. Now whats that all about…..??

 

Congrats to the Gators. A great Victory !!

 

Now I have several things to explain all this.

 

1. Note my comment about the waitress and her dress apparel

2. Someone screwed up the scheduling, and sent the University of Georgia Lacrosse Team to play the Gators this weekend.

3. Rumors abound that someone threw a party welcoming the Georgia Football team to the Swamp, and spiked the punch. The name of Floridagold keeps reappearing in that particular story.

4. The Florida Gators swapped the normal drink of Gator Aid for a case or Whoop Arse.

 

5. I just hope the Democrats lose on Tuesday as badly as the Dawgs.

 

Those Gators rose to the occasion. And in spite of coming up on the loosing side of the scoreboard, it was an exciting game to watch. And a short personal note here you might enjoy. By the second half, half of the Georgia Fans where rooting for the Gators. We around here, in these parts, will back a man, or team, to the very end if we are convinced they are giving it their best shot, putting forth the effort. But slackers….well, we don’t cotton much to those who don’t show up on game day to give it their all. Figure that is how it goes in football, in the SEC anyways. Come to play, or just might as well stay at home. Thats’ about as far as our ‘loyalty’ goes. Republicans might want to take note of such. (grin)

 

Great game, Well Done Gators ! And like I told one friend leaving the sports bar, I dread the next 51 weeks, due to the abuse I now must suffer at the hands of one Floridagold. They looked at me kinda funny. I was not in the mood to explain.

 

But it don’t mean I will be putting a ‘Go Gators’ tag on the front of my truck any time soon. But thinking of taking my ‘Go Dawgs’ tag out for some target practice.

 

Confused Gal

 

 

Treefrog

Posted by goldielocks @ 22:00 on November 1, 2014  

Must of been after they took the gold away lol

good ol’ days

Posted by treefrog @ 21:20 on November 1, 2014  

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floridagold and farmboy…and another truthful statememt was

Posted by WANKA @ 20:59 on November 1, 2014  


wj

Farmboy

Posted by Floridagold @ 20:40 on November 1, 2014  

I can not say it as well as this guy – so ………………………………. 🙂

 http://youtu.be/sBmFwKH5bVY

What me worry

Posted by commish @ 19:01 on November 1, 2014  

http://jsmineset.com

 

“The Japanese central bank has stepped in to replace the US Federal Reserve QE.”

 

clip_image001_thumb  A Jim Sinclair post.

 

Farmboy-I hope you don’t do this if your team loses!

Posted by Auandag @ 17:25 on November 1, 2014  

http://www.myfoxdc.com/story/27170354/video-cowboys-fan-destroys-house-after-teams-loss-to-redskins

Farmboy

Posted by Floridagold @ 15:26 on November 1, 2014  

 I really dont care which team comes out on top at the end. “

 

I call 100%

bsmeter

on that comment!   Enjoy the game and get your work done so you can get back on point – we need re-enforcements! 🙂

Howdy Gang!

Posted by Farmboy @ 14:41 on November 1, 2014  

Coming up for air for just a minute to give ya’ll a shout. Hope everyone is faring well these days in spite of the beatings in the PM’s. Dont guess I have seen anything quite like this before. Least not since the old days when some headline would announce another Central Bank was selling thier gold and prices would plumment for weeks. Remember those days, when CB’s sold thier gold?

Been going at it pretty hard nearly two months helping a friend with his business. Has been mostly a 7 day a week venture, with a lot of 18-20 hour days. Thank goodness he has plenty of young kids to do the heavy lifting so it aint been too bad a hitch. I am sure I have worked harder and longer before. I just cant remember when. (grin) And patting myself on the back for just staying awake that long at a time without taking a nap. But I figure Buygold is picking up my slack in the napping department. Good of him to do that. Anyways, doing fine, and the project will start winding down after this weekend so have some long awaited free time just around the bend. Have not had time to follow much of anything including the markets. In a way, guess that has been a blessing in a way. Everything seems to accept insanely crazy as the new norm.  Little to make sense of these days.

 

Well, the boyz here are busting thier butts this afternoon. Putting forth some extra effort so the ‘ole man’ can take a few hours off and watch his favorite football game of the year. Couple of the fellas even going to work a few hours without pay just so I can sit and cheer for the Georgia Bulldogs.  Which you know, just reminds me of how good most folks still are. That there remains a commadre built on trust earned, friendship gained, battles fought along side another. That even all the crazy in the world cant change that. It cant be outlawed, over ruled, or done away with some some Executive order or decree. A reminder I think, that the things, the important things, that once made this Country a great place, are still in the hearts of a lot of folks. Kinda hoping come Tuesday enough of em show up to vote and see if we cant get a few things back on track.

 

Well, better grab a clean shirt, wash a little dirt off my face, and get to the sports bar and grab me a chair. Wishing my best to all of you and encouraging everyone to just keep stacking. I dont have a clue whats going on, but it smells a bit like war to me, and desperation by the banksters these days. About the only thing that makes any sense, is someone is deseperate to keep Gold and Silver from going up. Such a tiny sliver of all things finacial these PM’s, but Lord the effort they go to knocking us down. The way the come after us, why you’d thing we had stolen the King’s Golden Scepter and announced that he had no clothes or something. (grin)

 

Floridagold, I’m just hoping for a good game today. One well fought, by both sides. I really dont care which team comes out on top at the end. Just want to enjoy a good game. Yep. Even go so far as to yell out “Go Gators ! ” Which I probably will do at the sports bar just to stir the pot a little. (grin)

 

Best to all, Farmboy. Hope to see more of you all and hang out at the Oasis soon.

and now for something completely different. bopo!

Posted by WANKA @ 13:44 on November 1, 2014  

wj

The govvie want to reduce u to beggardom-I’ve said this for may yrs

Posted by Richard640 @ 13:31 on November 1, 2014  

) U.S. President Obama’s Pledge to Order an (probably Unconstitutional) Amnesty of up to 34 Million (Bids for printing up to 34 Million Green Cards have been solicited by the Obama Administration) Illegal Aliens now living in the U.S. after U.S. Elections, despite evidence that a number of those to be Amnestied carry Active Tuberculosis, Enterovirus, (which is now sickening and killing American Kids) Chagas and other Diseases, and/or are Gang Members or convicted Criminals (cf. carryingcapacity.org).

Forecast: Assuming Obama Orders an Unconstitutional Amnesty of 12 to 34 Million Illegals and gives Many of them Work Permits, it will further depress American Wages, and raise Unemployment of Americans thus diminishing Consumer Demand and intensifying pressure on Budgets via taxpayer-funded Health and Education Facilities. (Net Costs [after subtracting Taxes Immigrants pay] would be over $6 Trillion [Heritage Fdn – Rector et al]) Also, those Legal and Illegal Immigrants not working are likely to go on Welfare and Food Stamps, as over one-third already are (cf. cis.org). The Amnesty would also serve as an incentive for Millions more to come illegally. Important to note is that while a large Workforce may increase aggregate GDP, it almost always depresses per capita GDP especially if many added to the workforce are low skilled.

Farmboy

Posted by Floridagold @ 12:47 on November 1, 2014  

tell your Georgia Bulldogs to be gentle on the Gators today ,  Munchchamps job depends on it!

From the Daily Bell

Posted by Richard640 @ 10:50 on November 1, 2014  

Ephemeral Explanations Drive Gold’s Reality

By Staff News & Analysis – October 31, 2014

Gold Sharply Lower in Aftermath of Hawkish FOMC, Rallying Greenback; Silver Sinks to 4-Year Low … Gold prices ended the U.S. day session sharply lower and hit a three-week low Thursday. Precious metals have been hit hard by a stronger U.S. dollar and a surprisingly hawkish Federal Reserve. Silver prices slumped to a four-year low Thursday. December Comex gold was last down $25.50 at $1,199.40 an ounce. Spot gold was last quoted down $12.40 at $1,199.40. December Comex silver last traded down $0.804 at $16.46 an ounce. – Kitco

Dominant Social Theme: Gold is going lower as the West ascends. Things are pretty good these days.

Free-Market Analysis: We cover gold closely week to week and are ever more astonished at mainstream media reasons given for the travel of the dollar against gold.

For one thing, gold is priced in dollars and while it may seem to be the most natural thing in the world to write “the price of gold,” historically speaking, this is a misperception.

Gold has been around likely for tens of thousands of years as commercial enterprise. The fiat dollar has been around for about 100 years and probably will not be around much longer. Gold abides, paper (and increasingly digital money) does not.

Here’s more from the article:

After a weak overnight session, gold prices slumped further in late-morning U.S. trading Thursday. Prices fell below what was key near-term chart support at $1,200.00, which triggered fresh chart-based selling, including sell stop orders being hit in the futures market.

A strong advance third-quarter GDP report issued Thursday morning, at up 3.5% on an annual basis, further undermined the safe-haven gold market.

The precious metals were still feeling the ill effects of a hawkish FOMC statement issued Wednesday afternoon. The FOMC statement was deemed surprisingly hawkish on U.S. monetary policy. The Fed ended its monthly bond-buying program (quantitative easing), which was expected. However, the FOMC statement emphasized the improving U.S. economy, which led many to believe U.S. interest rates will be raised in 2015. The majority of traders and investors were looking for a dovish lean from the FOMC statement.

The U.S. dollar index has posted a solid rally in the wake of the FOMC meeting and hit a three-week high Thursday. The greenback is hovering near a four-year high. Meantime, Euro currency prices slumped on the FOMC statement.

There’s so much here that is wrong that it is hard to know where to begin. Supposedly, positive GDP estimates frightened gold buyers, but when have such reports ever proven accurate? Certainly not in the past half-decade. Yet gold traders supposedly believe these reports and buy or sell the yellow metal depending on their outcomes.

Second, there was supposedly a “hawkish” FOMC statement from the US Federal Reserve issued on Wednesday. Yet the market had been expecting just this sort of statement for months. Its impact should have been “priced into the market.”

We also learn that the greenback is “hovering near a four-year high.” Why the dollar should be “high” flummoxes us.

The US is involved in hundreds of wars and skirmishes around the world, the participation of the US electorate in its political system has slumped to an all-time low, there are as many as 100 million US citizens out of work (or working in the black or gray market) and as many as 50 million may rely on food stamps for part of their monthly food costs.

Yet the dollar is “high,” presumably based on the success of the US system of capitalism and its prospects in the near term.

As far as we’re concerned, the dial of the business cycle is still pointing to the golden bull; the price of gold may go up or down but the state of the economy is a big giveaway that the current fiat-paper boom is, well … manipulated.

Yes, the value of a paper dollar can indeed be manipulated but the vitality of the larger economy is a good deal harder to fake. Keynes aside, it’s extremely difficult if not impossible for government to create “jobs,” certainly in the private sector.

Also, as we’ve pointed out, gold remains under considerable buying pressure in China, India and throughout Asia. In India, given the central government’s efforts to suppress the price of gold, gold smuggling has risen dramatically to an estimated 36 tons per year.

How can prices be sinking when the yellow metal is in such demand that smugglers must import it into both India and Pakistan? See The Legal Manipulation of India’s War on Gold.

The wars haven’t gone away. Central banks still debase currencies by over-printing and many large economies in the West and Asia continue to be threatened with further downturns.

In the face of these undeniable realities, metals traders sell gold and presumably buy the dollar. It is really difficult to fathom.

A number of scenarios come to mind to explain these illogical actions, most of them having to do with manipulation. What is immediately provable, however, is that neither Western economies nor Western currencies are in very good shape.

We know what we would consider regarding the volatility surrounding both gold and silver. We’d buy on the dips. And when it comes to physical purchase, we’d take delivery.

– See more at: http://www.thedailybell.com/news-analysis/35779/Ephemeral-Explanations-Drive-Golds-Reality/#sthash.YMh2pBuR.dpuf

More Byzantium=PM bulls and optimists, please look away, the following post is very bearish.

Posted by Richard640 @ 10:38 on November 1, 2014  

Further disclosure

I’ve been doing some further soul searching, and as the saying goes, I have tried to keep sentiment and emotion out of the room.We have been brutally taught again and again these last three years, that fundamentals and logic do not drive today’s markets.

PM bulls and optimists, please look away, the following post is very bearish.

These breaks of support remind me of the weekend in April 2013, when gold had just pierced $1500 support to around $1480 for the Friday close, and silver was on the window-ledge at $26. When markets opened on Monday, it was a massacre. I had sold half my swing portion in each metal through the weekend (I trade on Bullionvault, open through the weekend), and was able to re-enter when the worst damage was done. It was not an easy decision at that time to sell half my metal at a loss, but paid off in that instance.

Now here we are again, especially in silver. I take on board Argentus’ caution that this might be a ruse to shake out the weak hands, but as the saying goes, he who fights and runs away, lives to fight another day. Because as soon as one uses ‘courage’ on the trading floor, that emotion thingy is now making the decisions, and I think we all agreed that is a bad thing.

So this weekend, I am off-loading a third of my remaining swing portion. Actually, it takes more courage for a PM bug like me to sell at a time like this, than to sit tight, but the decision is being made by the head. I expect to buy it back later, cheaper. If not, I’ll enjoy the gain on my remaining swing portion, and my phys.

So, emotions apart, and looking at things objectively, this is what I see.

Gold has broken support, and a further grinding bear cycle phase may now begin. It may have some relief rallies, but the downside could be very bad.
Oil has crashed, weak demand is a factor, the signs of deflation are numerous. Metals will be hit too in the short term.
The JPY:USD cross, position and trend, is telling us something.
And silver?

Ah silver. Horizontal support is being broken in each of the three currencies that I trade in. here are some stats per kilo (and in ounces for the dollar stats) with the percentage decline from here, penciled in:

Dollars: currently $520 / $16.16, I see the next horizontal support at $14.94 (8%), $12:47 (23%) and then $8.88 (45%).
Pounds: currently £324/kilo, I see next horizontal support at £301 (7%) and £249 (23%)
Euro: currently 415/kg, I see next horizontal support at 373 (10%) and 347 (16%).

So, silver horizontal support in these three currencies, by my reckoning, ranges between a 7% and a 10% fall. If any of these currencies comprise the active support, then the story is the same; around an 8% fall from here. Note that at the moment, in both silver and gold, we are suspended in air, between the support we just broke, and the next chart support somewhere below. This is not a minor detail!

And if that support gives way, then watch out below. Then we get our tens of percents.

To conclude, we all make our investment decisions based on our personal circumstances and expectations. Till now, I have been largely all-in, but I am taking some chips off the table, just in case. I am fully aware that right now might be a major buying opportunity, but it might also be the time to stand aside. That’s risk everybody, it cuts both ways. We have been brutally taught again and again these last three years, that fundamentals and logic do not drive today’s markets.

Whatever stance people take at this time, good luck to all, and never be all out of cash.

 

Pretty gloomy [and smelly] over there in Fergies mud flat–after 3 yrs of bottom calling-like the souls in Dante’s Inferno–the awful realization of their fate….

Posted by Richard640 @ 10:23 on November 1, 2014  

No Joy in Mudville  [wriiten on Thursday]
By Turd Ferguson | Thursday, October 30, 2014 at 11:19 am

Like you, I was hoping that we could file away these longer-term charts with the downward price targets. Unfortunately, the price action of yesterday and today means that we have to revisit them.

Let’s start with the HUI. We’ve been repeatedly mentioning that there was a likelihood of the index falling all the way back to the lows seen in 2005 and again in 2008. Well, here we are. I’ve got a low so far today of 167.92. Not quite the 160-165 that we’ve been discussing but awfully close.

And, just so you know, things don’t have to stop here. Perhaps the ultimate goal is to bankrupt the entire industry but shorting them to death and damnation. Maybe. Check the chart below. Could the HUI fall to 100 or lower? That seems laughable and unlikely but, in the end, WTFK? I know that many of you own these damn things and I’ve suggested nibbling away at these levels but you must be cognizant of the fact that greater forces than Turdville are at work here and if they want to sell these poor companies down to zero they’re going to try to do it.

And here are your 5-year, weekly gold and silver charts. Earlier this month, we figured that The Cartel and the spec algos that are short had to be absolutely salivating at the prospect of running the stops below $1180. They were unsuccessful back then but look to be ready to try again soon. The question becomes: Does this set off a waterfall similar to April 2013, where price almost immediately falls to $1050? Perhaps, instead, it’s a fake out and price almost immediately reverses near $1155? Something tells me we may not have to wait long to find out…

And silver is just awful. Like the miners, it has been shorted to death with absolutely no care for fundamentals or economics. Seriously, it’s now down over 5% on the day. Why, exactly? Just a handful of hedgy algos piling on the paper shorts, chasing the downward momentum to lower and lower lows. At this point, and especially if gold plunges through $1180, it sure looks like silver is headed to the early 2010 lows near $14.65.

So there you have it. It is what it is. Instead of an A2A today, I’ll be in the TurdTalk chatroom beginning at Noon EDT where I’ll be glad to attempt to answer any and all questions you have.

Sound familiar?

Posted by Scruffy @ 10:23 on November 1, 2014  
Saul Alinsky died about 42 years ago, but his writings influenced those in
political control of our nation today.

Died: June 12, 1972, Carmel-by-the-Sea, CA

Education: University of Chicago
Books: Rules for Radicals, Reveille for Radicals

You may recall that Hillary did her college thesis on his writings and Obama writes about him in his books.

Anyone out there think that this stuff isn’t happening today in the U.S.?
All eight rules are currently in play.

How to create a social state by Saul Alinsky:

“There are eight levels of control that must be obtained before you are able
to create a social state.  The first is the most important.”

1) Healthcare– Control healthcare and you control the people

2) Poverty – Increase the Poverty level as high as possible, poor people are
easier to control and will not fight back if you are providing everything
for them to live.

3) Debt – Increase the debt to an unsustainable level.  That way you are
able to increase taxes, and this will produce more poverty.

4) Gun Control– Remove the ability to defend themselves from the Government.
That way you are able to create a police state.

5) Welfare – Take control of every aspect of their lives (Food, Housing, and
Income)

6) Education – Take control of what people read and listen to – take control
of what children learn in school.

7) Religion – Remove the belief in the God from the Government and schools

8) Class Warfare – Divide the people into the wealthy and the poor.  This
will cause more discontent and it will be easier to take (Tax) the wealthy
with the support of the poor.

Does any of this sound like what is happening to the United States?

Alinsky merely simplified Vladimir Lenin’s original scheme for world
conquest by communism, under Russian rule. Stalin described his converts
as”Useful Idiots.” The Useful Idiots have destroyed every nation in which
they have seized power and control. It is presently happening at an alarming
rate in the U.S.

If people can read this and still say everything is just fine…they are
“useful idiots.
“It is difficult to free fools from the chains they revere.”

“ECLECTIC” writes:

Posted by Richard640 @ 9:33 on November 1, 2014  

EXTREMELY GOLD BEARISH PIECE IN WSJ

“Where should investors turn? “Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments,” The Wall Street Journal reported.”

This bullish commentary almost GUARANTEES gold will seek triple digits for starters. Sentiment and news are supposed to be BEARISH near bottoms, no?

It looks as if Greenspan is are trying to orchestrate more gold buyers for the cartel to control more paper shorts.

“Byzantium” write on Argentus’s blog=

Posted by Richard640 @ 9:23 on November 1, 2014  

Disclosure

After the FOMC minutes and the ending of QE, gold fell but support was not broken. Silver fell to support in GBP and maybe other currencies, even though in dollar terms it looked shaky. On that basis, I thought the worst damage was done, and I used 15% of my trading cash to nibble at yesterday’s prices.

But we were watching the wrong horse; because since FOMC, the Japanese announced further QE, the dollar:Yen had a major move to near 112, and yes, it’s a mystery, but this is what knocked PM’s off their perches.

Now gold support is broken, and this could be a very dangerous development. Silver support in GBP (as I read it) is broken, and I see a potential 25% decline therein. The mining shares are hitting new lows, and could be signaling that PMs are ‘over-valued.’ The spectre of a deflationary crash looms, and all sorts of warning indicators are on red.

On this basis, I sold back that nibble at an immediate loss, because I think the worst is to come.

So there is my disclosure; I’m not just sitting on cash, I even sold a bit of swing portion at these prices. Now I wait. If prices zoom up from here, I’m still heavily invested and will be happy in that scenario too.

coffee is on after a shakey week

Posted by Floridagold @ 9:18 on November 1, 2014  

sylvester coffee

Schiff pep talk – gold stocks especially

Posted by Buygold @ 8:44 on November 1, 2014  

German banks now paying negative interest to savers.

Posted by Portugeezer @ 8:20 on November 1, 2014  

Is this another action going to met with unintended consequences?

Imagine if the USA banks went negative interest, you would lose money by leaving it in the bank, you would pay charges on withdrawing money in cash, cards or checks.

Would you take your money out of the bank?  You’d have to be quick.  There is only about €1.2 Trillion of genuine currency in circulation.

What happens then?  You would have to pay a premium to get cash.  Up goes the US$.

As it goes up, the momo chasers get in on the act.  When does it stop? No-one knows.

It would be possible for one company to corner the market in US$ by hoarding notes.  Sounds stupid doesn’t it. But it is possible.

Thinking out loud – I mean thinking with my fingers.

Rich

 

Just in time for breakfast

Posted by silverngold @ 8:07 on November 1, 2014  

Media 100% Busted Showing Fake Pic’s of Ebola.

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