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

Thanks, Moggy. No, I have not yet learned how to turn the Equisetum biomass into bottled form

Posted by Equisetum @ 22:30 on July 4, 2015  


Bill Holter on Murph’s site=Euro bond mkts seizing up

Posted by Richard640 @ 22:12 on July 4, 2015  

Credit markets are almost closed, I am being told! I REPEAT again the CREDIT markets are almost closed! Trades are happening by appointment and to even move 1MM EM bonds (at an opening price) is almost impossible.

Think holding government debt at par for the likes of Italy or Spain knowing they can never clear the debt, and knowing that no one will buy at market. So what is the true value of a large portfolio? Do you hang on getting interest while it is still being paid or do you attempt to go to cash? And if you do who is going to step into your shoes ? Especially since the banks are all trying to save cash and want no exposure of any kind. We maybe approaching the point where central banks are losing credibility and their ability to contain the fallout, when governments are so badly in debt they are powerless and rudderless in a sea of chaos.

It is not uncommon to hear an indication only to trade and a 2% trade away from from opening, assuming you are able to trade, and desire to trade is no guarantee of a sale. NO ONE is standing up to market prices and to liquidate even a small portfolio can take weeks. It is important that you cannot any longer trade the basis as value is dropping and there no point to partially selling specific bonds unless you can clear a given position! Because once there is a traded price ALL holders of same or similar will have to remark the book. That is unless you are a bank where the Balance Sheet is not a Mark-to-Market approach on a daily basis for the book being held.

We are coming very close to complete chaos that will make 2008 look like a walk in the park! We will be fortunate if we make fall without a real financial disaster!


Posted by Moggy @ 21:12 on July 4, 2015  

How beautiful!  Do you harvest it?


Equisetum that I photographed at high noon today.

Posted by Equisetum @ 20:25 on July 4, 2015  

There is unusually robust height growth this year.  This particular species of Equisetum does not seem to mind at all the Gore-Floridagold  climate warming as long as its roots are in moist floodplain soil near my planted Sitka spruce.Equis 2 (451x800)

Sobering Talk to Americans!

Posted by Auandag @ 19:05 on July 4, 2015  


Posted by redneckokie1 @ 18:33 on July 4, 2015  

I’m not Catholic so I have no idea what is going on but the locals are getting restless.


Posted by Floridagold @ 16:57 on July 4, 2015  


hang head eagel



redneckokie1 @ 12:59

Posted by Ororeef @ 16:45 on July 4, 2015  

The POPE is a Jesuit  that says it all ,H’s  Part of the 3 J/s

Auandag @ 13:38 …Climate Engineering….Weather Warfare

Posted by silverngold @ 16:16 on July 4, 2015  

Great presentation by Dane Wigington….a real hero in my book.  The guy is completely honest and sincere in his efforts to expose what is right before our eyes, but still most people refuse to  see. I’ve whipped this dead horse on this site, and before this site on Goldtent, since they started spraying here in September 2007. I’ve been told many times to sit down and shut up and maybe even been temporarily banned, or threatened to be banned, from the Tent if I didn’t.

So thank you for carrying the torch. What Dane says, IMO, is all accurate. All life on this planet is being destroyed by these psychopaths.  What needs to happen is a world wide house cleaning of all governments that are involved, and if nukes are available then they need to first be used to destroy all the HAARP facilities around the world. That might end this madness!!

I know this is a precious metals site but you have to be healthy and living to enjoy winning in the end, because the streets of Heaven are already paved with gold, and you can’t take it with you anyway.

All The Best!!………Silverngold

Greek ATM

Posted by Maya @ 15:19 on July 4, 2015  




Posted by Auandag @ 13:38 on July 4, 2015  

They know what is going on

They don’t know what to do about it

They are scared as hell about it

Catholic Church to the left!

Posted by redneckokie1 @ 12:59 on July 4, 2015  

conservative Catholics in mid-America are none-to-happy with the actions of the current leader. Conservative bishops and cardinals have been removed from leadership positions with predicable results.

the Greek domino has fallen. If it’s big enough to knock over the next domino is now the big question. Who issued the derivatives and will they pay up? John Corzine found out the financial mafia doesn’t pay. The rotten system will get more exposure in the coming weeks. Paper anyone?

if you don’t have phiz in your hand, you have a promise from someone who has no intention or ability to pay.


hummm, just like the PPT does here in the good old USA !!!

Posted by Floridagold @ 12:08 on July 4, 2015  

Fund in China Aims to Stabilize Stock Markets

HONG KONG — Struggling to respond to precipitous declines on China’s stock markets over the last three weeks, the country’s biggest brokerage firms unveiled a government-endorsed plan on Saturday to buy shares starting on Monday, in a bid to stabilize the markets.

The government-controlled Securities Association of China said that 21 big brokerage firms had agreed to set up a fund worth at least 120 billion renminbi, or $19.4 billion, to buy shares in the largest, most stable companies, and would stop liquidating their own portfolios of shares. But some experts said that this might not be enough to stop the hemorrhaging of money from the stock market, particularly given that $105 billion in shares changed hands in Shanghai on Friday.

The association did not specify whether the fund would be allowed to use its initial purchases of shares as collateral to borrow money, probably from the government, and buy more shares. That could give it the leverage to have a bigger effect on the market.

“If it’s only 120 billion renminbi, to be honest it’s too small, but if you can add leverage on top of it, that could support the large-cap, blue-chip stocks,” said Hao Hong, the chief strategist of the Bank of Communications International, the global finance unit of China’s fifth-largest bank.

The announcement came as the government has been scrambling to halt the steepest plunge in the Shanghai stock market in nearly a quarter century. Share prices have fallen nearly a third since June 12, erasing more than $2 trillion of value and inflicting immediate hardship on millions of families who not only invested their savings but also borrowed heavily at steep interest rates to buy more shares.

The design of the brokerage industry’s fund bore some similarities to the Hong Kong Exchange Fund, a government-run fund that played a crucial role in reversing the fall of the Hong Kong stock market in 1998, during the Asian financial crisis. The fund had previously invested the Hong Kong government’s fiscal reserves cautiously in deposits at low interest rates. But when it began buying stocks heavily, it set off a stock market turnaround and produced a large profit for the government.

A statement by the Securities Association of China on Saturday to its members juxtaposed an odd mix of capitalist and Maoist rhetoric in urging them to take collective action to help the stock market. “Excessively rapid rises and falls in the stock market are not conducive to the stable and healthy development of the market,” the statement said, “and as major players in this market, securities companies must take the initiative to shoulder responsibility, to unify as one, merge our wills and safeguard market stability with all our strength.”

The Securities Association also called on its members to buy back some of their own shares, supporting prices. China’s largest oil companies and big banks, in which the government holds controlling stakes, are widely believed to have used some of their money in the past week to buy back shares, and their shares have fared much better than those of smaller companies.

But the design of the securities industry’s fund, with an emphasis on blue chip stocks, could end up protecting wealthy Chinese and foreign investors much more than the young workers and families all over China who have been borrowing heavily in recent months to buy stocks that seemed to be soaring skyward, Hong Kong financiers said. Shares in large companies represent only about 30 percent of the overall value of the Shanghai stock market.

As Chinese stocks soared in the 12 months until their peak on June 12, it was the small- and medium-size companies with weak financial fundamentals that fared the best. Many of them quadrupled, or more, in value, while the overall index only doubled because large-cap stocks lagged far behind.

The small-cap and medium-cap stocks overwhelmingly tended to draw middle-class and working-class investors who were buying whatever stocks were rising fastest. The Shanghai market soared 149 percent in the year until June 12. By comparison, a stock price index of 100 large mainland Chinese companies that are traded in Hong Kong — and many of them in Shanghai as well — rose only 24 percent over the same period.

Hong Kong sets tougher listing rules than Shanghai to reduce fraud, and also keeps closer controls on trading with borrowed money. Official statistics suggest that loans to investors for stock purchases climbed ninefold in mainland China over the past two years, and were supplemented by widespread lending by informal financial companies at annual interest rates exceeding 20 percent.

The bailout funds could also end up helping big state-owned enterprises at the expense of smaller businesses, which tend to be in the private sector. President Xi Jinping and Prime Minister Li Keqiang have spoken of their desire to increase the role of the private sector as a way to improve the efficiency of the Chinese economy.

Other officials have even hinted at selling more shares in state-controlled enterprises on stock markets — the reverse of what now seems to be happening, as state-controlled companies use part of their cash reserves to buy back shares from the public.

Hours after the securities industry’s statement, the government-backed Asset Management Association of China gathered representatives from 25mutual fund companies, who announced plans to help shore up the stock market by speeding up the issuance of funds investing in equities. But the association did not introduce its own market stabilization fund like the brokerage industry, contrary to initial reports on Chinese social media that it would do so.

Another worry lies in whether many Chinese mutual funds and other investment funds may be required to liquidate suddenly. Many of these funds have rules on losses in the underlying contracts that formed them: If the value of the fund falls 30 percent, the fund must return the remaining money to shareholders, typically by cashing in all of its shares.

With the Shanghai stock market down 28.6 percent since June 12, that rule is starting to appear to be a possible risk to the broader market, Mr. Hong said.

The 21 brokerages said that they would not resume selling shares from their own portfolios until the Shanghai stock index returns to 4,500; it closed on Friday at 3,686.915.

But Tao Zhigang, an economist who is the director of the Institute for China and Global Development at Hong Kong University, said that setting a specific target like 4,500 ran the risk that many investors may conclude the government will do whatever is necessary to push the market to that level.

That may prompt investors to borrow even more money on the conviction of a guaranteed return, he said.



Time to BUY APPLE!!!

Posted by Scruffy @ 12:04 on July 4, 2015  

Apple announced today that it has developed a breast implant that can store and play music. The iBoob will cost from $499 to $699, depending on cup and speaker size. This is considered a major social breakthrough because women are always complaining about men staring at their breasts and not listening to them.

scruffy 10:48 as for “significant transactional delays”

Posted by WANKA @ 11:34 on July 4, 2015  

how do we spell tulving? here is an example of the comments from some customers.


From ZeroHedge

Posted by Scruffy @ 10:48 on July 4, 2015  

What makes the current sovereign default episode different from previous ones is the uncanny stability and lack of buying of “fiat remote” assets such as gold and silver, and to a lesser extent, digital currency such as bitcoin. Indeed, all throughout the Greek pre-default escalation and ultimately, sovereign bankruptcy to the IMF, it seemed as if there was an absolute aversion to the peak of Exter’s inverted pyramid.

What is even more surprising about the lack of any gold price upside is that it is not due to lack of demand. Quite the contrary, because as Bloomberg wrote last week, “European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro.”

Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an e-mailed statement. CoinInvest.com, an online retailer, said sales on Saturday and Sunday were the highest since Cyprus limited cash withdrawals in 2013, driven by a jump in German, French and Greek buyers.

Investors are searching for a safe haven after Greece imposed capital controls, closed banks and stopped selling gold coins to the public until at least July 6. Chancellor Angela Merkel on Monday said Germany is still open to negotiations if Greece wants.

“Most of our common gold coins are sold out,” Daniel Marburger, a director of Frankfurt-based CoinInvest.com, said by phone. “When people learned that the Greek banks will be closed, they started to think that it may not be such a bad idea to have some money in gold.”

The bullion dealers themselves are enjoying a jump in sales to retail customers:

GoldCore Ltd., which buys and sells bullion, reported coin and bar demand rose “significantly” on Monday. Sales to U.K. and Ireland today are about three times the average for the past three Mondays, the Dublin-based firm said in an e-mailed statement.

The U.S. Mint has sold 61,500 ounces of American Eagle gold coins this month, the most since January.

BullionVault, which says it operates the largest online physical gold trading platform, reported a jump in sales during the first half of this year, a sign of a broader increase.

However, it is the “paper” gold market where things were most perplexing in recent months. Recall that, as Zero Hedge broke and first reported, in the first quarter of the year, or the same time the Syriza government took power, something very dramatic took place in the US derivatives market, where first JPM saw an absolute explosion of its commodity derivative holdings (a broad umbrella which is not broken down further):

But what is most confusing is how even as physical metal demand clearly rose across Europe in the past few months and the price of paper gold actually declined, perhaps facilitated by some “hedged” derivative positions on the short side of precious metals, some bullion dealers have actually found it impossible to survive, and in the last few days at least one major gold bullion dealer, Bullion Direct, greeted customers with the following notice on its website:

Bullion Direct has experienced significant transactional delays. To avoid further inconvenience or other adverse consequences to our customers, Bullion Direct is suspending its operations as it attempts to resolve those issues. We intend to keep you informed at this website. Thank you for your patience

… coupled wih Citi’s surge in “precious metals” derivatives which soared from $3.9 billion to $42 billion.

Just what are “significant transactional delays” and how bad is the physical gold supply-chain if it can put at least one dealer out of business. Another question: is this a solitary failure by gold vendor due to a one-off problem with working capital, or is something more systemic about to be revealed in the gold bullion sales industry?

We look forward to finding out, but in the meantime our advice to buyers of physical precious metals is the same as always: if you purchased it and you can’t hold it in your hand, it isn’t yours.

Re: Eldorado’s mine being built in Greece

Posted by ipso facto @ 10:27 on July 4, 2015  

Could Greece become the European Venezuela?

A dispute with miners in a village in northern Greece suggests the Syriza government shares the “Chavista” anti-capitalist agenda


This simply guarantees that G&S will never rise much from current levels and may actually decline to 600-800

Posted by Richard640 @ 10:12 on July 4, 2015  

Now, cutting social spending is usually considered political suicide (after all, the voters put you in office in the first place based on you promising to pay them welfare payments down the road). So rather than default on the social contract made with voters, the political class will simply push to issue MORE debt to finance old debt that is coming due.

The US did precisely this in the fourth quarter of 2014, issuing over $1 trillion in new debt simply to pay back old debt that was coming due.

This is how the bond market becomes a bubble. Between 2000 and today, the global bond market has nearly TRIPLED in size. Today, it’s north of $100 trillion in size. And it’s backstopping over $555 trillion in derivatives trades.

There is literally no easy fix to any of this. The pain will be severe. And so everyone in charge of the important decisions (the political elite, the big banks, and the Central Banks) will push this as far as it can possibly go before taking the inevitable hit.


Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in the coming months.


The Night Watchman

Posted by Scruffy @ 9:46 on July 4, 2015  

Once upon a time the government had a vast scrap yard in the middle of a desert.

Congress said, “Someone may steal from it at night.”

So they created a night watchman position and hired a person for the job.

Then Congress said, “How does the watchman do his job without instruction?”

So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.

Then Congress said, “How will we know the night watchman is doing the tasks correctly?”

So they created a Quality Control department and hired two people. One was to do the studies and one was to write the reports.

Then Congress said, “How are these people going to get paid?”

So they created two positions: a time keeper and a payroll officer then hired two people.

Then Congress said, “Who will be accountable for all of these people?”

So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.

Then Congress said, “We have had this command in operation for one year and we are $918,000 over budget, we must cut back.”

So they laid-off the night watchman.

NOW slowly, let it sink in.

Quietly, we go like sheep to slaughter. Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration?

Anybody?  Anything?   No?    Didn’t think so!

Bottom line is, we’ve spent several hundred billion dollars in support of an agency, the reason for which very few people who read this can remember!

Ready??    It was very simple… and at the time, everybody thought it very appropriate.    The Department of energy was instituted on 8/4/1977, to lessen our dependence on foreign oil.   Hey, pretty efficient, huh???


38 years ago 30% of our oil consumption was foreign imports. Today 70% of our oil consumption is foreign imports.

Ah, yes —
good old Federal bureaucracy.


Hello!! Anybody Home?  Happy Independence Day!

Signed….The Night Watchman

Happy 4th my GTO friends!

Posted by Scruffy @ 9:34 on July 4, 2015  




Richard 22:48

Posted by goldielocks @ 2:23 on July 4, 2015  

Paraphrasing : Anticipation is a key factor in losing money.

commish @ 22:28 on July 3-That is so wierd

Posted by Auandag @ 0:55 on July 4, 2015  

That is one of the few tv shows I used to watch. At the time that went completely over my head!

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