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

Ultimately we win

Posted by eeos @ 13:07 on December 18, 2014  

they can do whatever they please in a short term sense. Keep stacking at smack downs, these clowns are going to hang themselves by their own rope.

Hey samb

Posted by Buygold @ 12:37 on December 18, 2014  

Long time, no see. I gotta think it’s not too much longer before we break one way or the other. Pretty frustrating to watch the manipulators keep every up move in check.

Dec. 22nd is the big day for the new rules at the CME.

Hi Eeos

Posted by Portugeezer @ 12:36 on December 18, 2014  

There is a school of thought that says the royal family is a bunch of inbred morons who could not organize – put your own phrase here!

Purportedly, the crown jewels belong to them and along with that, the queen is the richest woman in the world.

However, just as they can’t touch the crown jewels, it is said that they have no say in what is done with the wealth behind the crown.

You would, I’m sure, be suprised to learn that a banking group might be the true power behind the throne!

Cheers, Richcaogafag

The part that Ted Butler overlooks is that

Posted by eeos @ 12:02 on December 18, 2014  

COMEX is a small part of the game. As Maddog mentioned a week or so ago, the LMBA is where all the good metal trading action takes place. They trade exponential amounts of metal compared to the COMEX. So worrying about what the numbers are in the COMEX is only a small part of the story, and this is because the royal family/bank is in control.

BG1 @ 10:49

Posted by Samb @ 11:49 on December 18, 2014  

Five freaken weeks now… stuck at the $1200 line.  Doesn’t matter whether one is in calls or puts as the premiums for both get hammered.

Gold Train

Posted by Maya @ 11:27 on December 18, 2014  

Climbing out of the LA basin through Cajon Pass,
the BNSF Christmas train, in silver and gold.
http://www.railpictures.net/photo/510621

 

Just another gap n’ crap day

Posted by Buygold @ 10:49 on December 18, 2014  

The nightmare continues. No oversight, no markets, just manipulation 24/7

The demise of personal responsibility

Posted by ipso facto @ 10:42 on December 18, 2014  

Obesity ‘could be a disability’ – EU courts rule

http://www.bbc.com/news/health-30529791

Groundhog Day

Posted by deer79 @ 10:40 on December 18, 2014  

I feel like Bill Murray in Groundhog Day. Gold gets bid up in Asain trading, only to be smacked down when our markets open up.

US gold output sags as low grades at Barrick, Midas mine sale weigh

Posted by ipso facto @ 10:33 on December 18, 2014  

TORONTO (miningweekly.com) – US gold mine output during the first nine months had slid 7% year-over-year, hurt in part by lower production from the world’s two largest gold miners by output, Toronto-based Barrick Gold and Denver-headquartered Newmont Mining.

In its latest ‘Mineral Industry Surveys’ report, the US Geological Survey (USGS) reported that Barrick’s Cortez mine, in northern Nevada, produced 21 600 kg in the nine-month period to September, 36% less than in the same time period in 2013, owing to a lower ore grade.

Newmont’s Nevada operations produced 34 600 kg, a 10% decline over the same period last year. The C$83-million sale of the Midas mine and mill to Klondex Mines earlier this year, and a development phase that would increase waste stripping and decrease mill throughput at several mines impacted the company’s output over the period, the report had found.

The production decreases were partially offset by Rio Tinto’s Bingham Canyon copper/molybdenum mine, near Salt Lake City, Utah, which increased output as the operation continued to recover from the April 2013 land slide. Gold output at Bingham Canyon totalled 7 060 kg in the none-month period, an increase of 70% over the same period of 2013.

For September, the USGS reported total US gold output of 18 000 kg, down 5% quarter-on-quarter, and down 8% year-on-year

more http://www.miningweekly.com/article/us-gold-output-sags-as-low-grades-at-barrick-midas-mine-sale-weigh-2014-12-18

scruffy and a good morning sir and all the tent annnnnd

Posted by WANKA @ 10:28 on December 18, 2014  

imho that’s immho we are absolutely without doubt unequivocally DOOMED ……..unless a fresh new and meaningful lampposts of 1776 happens and unties the slavery binds of this nation from its elite and their political minions….. but it ain’t gona happen here for sure cause the voter is generally as intelligent as a cinderblock and lazy as a loon. the NWO mafia squid octopus is way out in front and resistance to it is sorely lacking. we are in a nutshell….

toon1j wj

Teddy. Signal or aberration?

Posted by Scruffy @ 9:57 on December 18, 2014  

A standout feature to the gold and silver market on the COMEX has always been the concentrated short position of the 4 and 8 largest traders which are invariably in the commercial category. The concentrated short position is more pronounced and manipulative in silver, but both markets are characterized by the fact that the 8 largest shorts in each market usually comprise a larger net short position than the total commercial net short position. In other words, if the 8 largest shorts in COMEX silver and gold didn’t exist, there would be no total commercial net short position at all – there would be no headline number as we know it. Stated differently, without the 8 largest shorts in COMEX gold and silver, there would be a commercial net long position in each market.

What’s interesting in COMEX gold (as I remarked about last week) is that the 8 largest shorts have not added to their dominant short position either this week or over the past 4 weeks even as the total commercial net short position has grown by 27,220 contracts and 66,600 contracts respectively. In fact, despite the pronounced increase in the headline number, the concentrated short position of the eight largest traders is lower than it has been in 4 or 5 years or longer. I admit that this could be a temporary aberration and the big 8 in gold may resume shorting gold on higher prices, but usually all the commercial categories trade in unison and if the new pattern of commercial discord is more than temporary, it might signal change is afoot.Silver analyst Ted Butler:  13 December 2014

 

 

Worth passing to friends new ot banksters

Posted by Scruffy @ 9:56 on December 18, 2014  

Serious financial reform isn’t about regulating any ole insured banks. It’s about regulating some of the largest banks that have ever existed in history, such as JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup. There are 6,546 FDIC insured banks in the U.S. but as of the second quarter of this year, just these four banks held almost $4.5 trillion in deposits, representing 45 percent of all bank deposits, according to data from the Office of the Comptroller of the Currency (OCC).

And while holding the life savings of moms and pops across America, backstopped with insurance guaranteed by the taxpayer, these four banks are simultaneously holding $171 trillion in derivatives or 72 percent of all derivatives held at all 6,546 FDIC insured banks, according to 2014 second quarter data from the OCC. If you add in Goldman Sachs’ insured, deposit-taking bank, Goldman Sachs Bank USA (yes, Goldman Sachs is allowed to own an FDIC insured bank under the miracle of financial “reform”) which is holding $53 trillion in derivatives against a meager $109.5 billion in assets, these five institutions control 95 percent of all bank derivatives at FDIC insured institutions.

Now, it may be an inconvenient truth for the 2008-crash revisionists, but it was derivatives which caused the greatest financial collapse since the Great Depression and those derivatives were concentrated in 2008 on the books of the biggest insured banks – and they are still concentrated on the books of the biggest insured banks.

The report issued by the Financial Crisis Inquiry Commission (FCIC) on the 2008 collapse explained the problem as follows: “Among U.S. bank holding companies, 97% of the notional amount of OTC derivatives, millions of contracts, were traded by just five large institutions (in 2008, JPMorgan Chase, Citigroup, Bank of America, Wachovia, and HSBC)…”

Each of those institutions in 2008 was an FDIC insured bank.

 

Strongly recommend reading the full article:

http://wallstreetonparade.com/2014/12/paul-krugman-buys-into-the-big-lie-about-the-2008-financial-collapse/

There is no moral hazard here.

Posted by Scruffy @ 9:49 on December 18, 2014  

Serious financial reform isn’t about regulating any ole insured banks. It’s about regulating some of the largest banks that have ever existed in history, such as JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup. There are 6,546 FDIC insured banks in the U.S. but as of the second quarter of this year, just these four banks held almost $4.5 trillion in deposits, representing 45 percent of all bank deposits, according to data from the Office of the Comptroller of the Currency (OCC).

And while holding the life savings of moms and pops across America, backstopped with insurance guaranteed by the taxpayer, these four banks are simultaneously holding $171 trillion in derivatives or 72 percent of all derivatives held at all 6,546 FDIC insured banks, according to 2014 second quarter data from the OCC. If you add in Goldman Sachs’ insured, deposit-taking bank, Goldman Sachs Bank USA (yes, Goldman Sachs is allowed to own an FDIC insured bank under the miracle of financial “reform”) which is holding $53 trillion in derivatives against a meager $109.5 billion in assets, these five institutions control 95 percent of all bank derivatives at FDIC insured institutions.

Now, it may be an inconvenient truth for the 2008-crash revisionists, but it was derivatives which caused the greatest financial collapse since the Great Depression and those derivatives were concentrated in 2008 on the books of the biggest insured banks – and they are still concentrated on the books of the biggest insured banks.

The report issued by the Financial Crisis Inquiry Commission (FCIC) on the 2008 collapse explained the problem as follows: “Among U.S. bank holding companies, 97% of the notional amount of OTC derivatives, millions of contracts, were traded by just five large institutions (in 2008, JPMorgan Chase, Citigroup, Bank of America, Wachovia, and HSBC)…”

Each of those institutions in 2008 was an FDIC insured bank.

 

Strongly recommend reading the full article:

http://wallstreetonparade.com/2014/12/paul-krugman-buys-into-the-big-lie-about-the-2008-financial-collapse/

Bankster or legislator? They own the pols and get what they want.

Posted by Scruffy @ 9:33 on December 18, 2014  

Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the President of the United States to lobby for its passage; and received an up vote from both houses of Congress in less than a week.

And there is one more thing you should know at the outset about Citigroup: it didn’t just have a hand in bringing the country to its knees in 2008; it was a key participant in the 1929 collapse under the moniker National City Bank. Both the U.S. Senate’s investigation of the collapse of the financial system in 1929 and the Financial Crisis Inquiry Commission (FCIC) that investigated the 2008 collapse cited this bank as a key culprit.

The FCIC wrote:

“…we do not accept the view that regulators lacked the power to protect the financial system. They had ample power in many arenas and they chose not to use it. To give just three examples: the Securities and Exchange Commission could have required more capital and halted risky practices at the big investment banks. It did not. The Federal Reserve Bank of New York and other regulators could have clamped down on Citigroup’s excesses in the run-up to the crisis. They did not. Policy makers and regulators could have stopped the runaway mortgage securitization train. They did not…Too often, they lacked the political will – in a political and ideological environment that constrained it – as well as the fortitude to critically challenge the institutions and the entire system they were entrusted to oversee.”

The words above from the FCIC also perfectly describe what just happened in Congress and the Oval Office. Citigroup snuck its deregulation legislation into the $1.1 trillion Cromnibus spending bill that will keep the government running through next September. (It’s called Cromnibus because it’s part Continuing Resolution or CR and part omnibus spending bill.) Just as the FCIC wrote about the reasons for the financial collapse, Citigroup was able to pass this outrageous deregulation legislation because the majority of Congress and the President “lacked the political will” and the “fortitude to critically challenge the institutions and the entire system they were entrusted to oversee.”  (In layman terms, they were bought off!)

Full article:   http://wallstreetonparade.com/2014/12/meet-your-newest-legislator-citigroup/

Nothing to see here, move on. There is NO MANIPULATION of ANY US market!

Posted by Scruffy @ 9:27 on December 18, 2014  

The dollar index closed late on Tuesday afternoon at 87.97—and never looked back in what was one of its most volatile trading sessions in my memory. After initially selling off at 2 p.m. EST on the FOMC news, there was obviously someone there to run the dollar index up, as it closed at 89.075—up an eye-watering 107 basis points.

 

 

Propaganda or just Obla lies?

Posted by Scruffy @ 9:18 on December 18, 2014  

(Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen.

Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday.

The report came a day after the Federal Reserve offered an upbeat assessment of the labor market and the broader economy, and signaled it could start raising interest rates next year.

The U.S. central bank, which has kept its short-term interest rate near zero since December 2008, lowered its unemployment rate forecast on Wednesday. Many economists expect the first rate hike in mid-2015.

Yields on U.S. Treasuries held at higher levels after the claims data, while U.S. stock index futures were trading higher. The dollar was slightly stronger against a basket of currencies.

Economists polled by Reuters had forecast claims edging up to 295,000 last week. The prior week’s data was revised to show 1,000 more applications received than previously reported. (Of course the report should have indicated many more that went unreported, but its Christmas season and you can’t remain “jolly” if you  know the truth.)

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, slipped by 750 to 298,750.

Last week’s data covered the period during which the government surveyed employers for December’s nonfarm payrolls.

The four-week average of claims rose by 11,000 between the November and December survey periods, suggesting a step back in job growth after payrolls surged by 321,000 last month. The December payrolls are still expected to come in above 200,000.

Job gains have exceeded 200,000 for 10 straight months, the longest such stretch since 1994. (in some cases 110% of the new jobs were made up or just fudged and called “adjustments”.)

A Labor Department analyst said there were no special factors influencing last week’s claims data.  (So they made them up and called them economic improvement.

The report showed the number of people still receiving benefits after an initial week of aid fell by 147,000 to 2.37 million in the week ended Dec. 6.

 

Good morning Oasis

Posted by ipso facto @ 9:11 on December 18, 2014  

Rubicon Begins Stockpiling Mill Feed for Projected Production Commencing Mid-2015

http://finance.yahoo.com/news/rubicon-begins-stockpiling-mill-feed-110000319.html

Timmins Gold to Purchase Caballo Blanco Gold Project

http://finance.yahoo.com/news/timmins-gold-purchase-caballo-blanco-110000450.html

Lake Shore Gold Targets Continued Strong Production, Low Unit Costs and Aggressive Exploration in 2015

http://finance.yahoo.com/news/lake-shore-gold-targets-continued-110000934.html

Barrick to suspend operations at Zambian mine on tax increase

http://finance.yahoo.com/news/barrick-suspend-operations-zambian-mine-131435887.html

Save this site. It is the future for real cures, not just treatment and a lifetime ofv useless drugs.

Posted by Scruffy @ 9:04 on December 18, 2014  

http://www.innovationsstemcellcenter.com/

Encouraging, but the feeeeeeeeelth will be tested.

Posted by Scruffy @ 8:50 on December 18, 2014  

Can never tell what the scum will achieve with their evil deeds.

[Kitco may be down][Kitco may be down]

DOW up 500 points last 48 hours

Posted by commish @ 8:47 on December 18, 2014  

Dead cat bounce.

cow

Maybe today we rip

Posted by eeos @ 8:40 on December 18, 2014  

kinda looks like it during pre-trading on some PM stocks. We shall see I guess

A sober assessment on Russia

Posted by Maddog @ 7:26 on December 18, 2014  

http://www.nakedcapitalism.com/2014/12/oil-ruble-ideology.html

R640

Posted by Maddog @ 7:04 on December 18, 2014  

Check Zerohedge….China will bail Russia if necessary ….and if I’m right about IMF/Ukraine, it may well be that Obummer may be on his own soon.

Ps Swiss people now furious that they were connned over the Gold Vote, after tdys rate cut.

Murky bizz in Ukraine

Posted by Maddog @ 6:38 on December 18, 2014  

The place is as bent as all hell and now IMF and World bank are backing out, huge amounts of money have gone awol, ie stolen…..which may well be an excuse for the EU to back away, as they have had enough of US Russian threats.

Long article below, in a nutshell if the IMF and World Bank pull out, it will be down to the US to bailout along with the EU….if the EU agrees……. and of course we have the likes of Franklin Templeton playing around in Ukrainian bonds and on the hook for billions.

http://www.nakedcapitalism.com/2014/12/imf-world-bank-halt-lending-ukraine-franklin-templeton-4-billion-ukraine-bet-goes-bad.html

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