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

Posted by Auandag @ 22:12 on September 29, 2015  

Look at Iraq. The situation is terrible. Look at Libya and what you did there, that got your Ambassador murdered. Was it us that did this? You must do the opposite. Rise above the endless desire to dominate. You must stop acting out of imperialistic ambitions.

 

Wanka

Posted by newtogold @ 20:56 on September 29, 2015  

Hang tough buddy! Glad to hear that you are back home.  Prayers sent.  Likewise , I hope you are doing the same. Keep all your bases covered with our Heavenly Father! Just as we prepare daily for our lives here on earth, we need to “prepare for our next home”.

 

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

Posted by Scruffy @ 20:03 on September 29, 2015  

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators.

That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany’s Bafin launched a probe into Deutsche Bank for gold and silver manipulation, it has been very clear that the only question is how many banks will end up paying billions to settle the rigging of the gold market (with nobody going to prison as usual, of course).

Earlier today, we learned that the Swiss competition watchdog just became the latest to enjoin the ongoing gold manipulation probe when as Reuters reported, it launched an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of probes into gold, silver, platinum and palladium pricing.

Here are the details that should come as a surprise to nobody:

Global precious metals trading has been under regulatory scrutiny since December 2013, when German banking regulator Bafin demanded documents from Deutsche Bank under an inquiry into suspected manipulation of gold and silver benchmarks by banks. Even though the market has moved to reform the process of deciding on its price benchmarks, accusations of manipulation have refused to go away.

Switzerland’s WEKO said its investigation, the result of a preliminary probe, was looking at whether UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui conspired to set bid/ask spreads.

“It (WEKO) has indications that possible prohibited competitive agreements in the trading of precious metals were agreed among the banks mentioned,” WEKO said in a statement.

Don’t hold your breath though: “A WEKO spokesman said the investigation would likely conclude in either 2016 or 2017, adding that the banks were suspected of violating Swiss corporate rules.” Those, and virtually all other market rules.

The good news is that unlike Bart Chilton’s charade “inquiry” into silver manipulation when after years of “probing” the CFTC found “nothing”, at least the Swiss will find proof of rigging for the simple reason that it is there.

The banks face financial penalties if WEKO finds them guilty of wrongdoing, the spokesman said, though he declined to comment on the size of any possible fine.

No please, anything but “financial penalties” for rigging the gold market.

Aside from regulatory probes, a number of lawsuits have also been filed in U.S. courts alleging a conspiracy to manipulate precious metals prices.

Commenting on the WEKO probe, a Julius Baer spokesman said the bank was cooperating with authorities.

In a statement, Deutsche Bank said it was cooperating with requests for information from “certain regulatory authorities” over precious metal benchmarks but declined to comment further.

Representatives for UBS, Barclays, Morgan Stanley and HSBC declined to comment. Mitsui was not immediately available for comment.

Some so-called experts promptly scrambled to talk down the upcoming proof that so-called “paranoid” gold bugs have been right all along:

The impact of the probes on wider precious metals trading was likely to be muted, according to Brian Lucey, professor of finance at the School of Business, Trinity College Dublin.

“The question is not if individuals, or groups of individuals are collaborating to rig the game for themselves, the question is if this has any material effect,” he said. “I’m not convinced collusive behaviour will have a meaningful effect micro-economically to the structure of gold trading around the world.”

Oh so the question is not if traders and banks made billions in illegal profits by rigging yet another market, but “if this has any material effect.” Give this man another distinguished financial professorship title: with observations like that what can one say but… “Keynesian genius.”

* * *

However, as we said above, none of the above, and certainly not the idiotic “finance professor” statements, will come as any surprise to anyone.

What will, however, is that unlike previous gold probe cases, this one will actually have consequences.

How do we know?

Because just like in LIBOR-gate, just like in FX-gate, it is the biggest rat of all, Swiss megabank UBS, that is about to turn on its former criminal peers.

As Bloomberg reported earlier “UBS was granted conditional leniency in Swiss antitrust probe of possible manipulation of precious metal prices, a person with knowledge of the matter said.

Bloomberg adds that the “bank may face lower fine than six other banks and financial firms suspected in probe or may avoid penalty altogether, person says.”

Why would UBS do this? The same reason UBS did so on at least on two prior occasions: the regulators have definitive proof it is involved, and gave it the option to turn evidence and to rat out its cartel peers, or face even more massive financial penalties.

UBS promptly chose the former, and took the opportunity to minimize yet another key civil (and criminal) market manipulation charge against it, especially after it was already branded a “criminal recidivist” between Libor, FX and, of course, the tax evasion scandal: one more manipulation scandal and the bank could well lose its license to operate in NYC.

Which simply means that now the official countdown on the announcement of what will be revealed as the biggest gold-manipulation and rigging scandal in history, has begun.

Frostbite

Posted by goldielocks @ 19:56 on September 29, 2015  

Gad to see you posting once n awhile. Wanka is a steadfast kinda guy. He’s as good now as he was then, just needs to get the rest of his body to cooperate.

Wanka

Posted by Moggy @ 19:12 on September 29, 2015  

Praying for you.

 

 

Jim Willie. His take on VW.

Posted by commish @ 19:05 on September 29, 2015  

 

 

 

 

Wanka

Posted by Buygold @ 17:16 on September 29, 2015  

Feel better soon my friend! I know it’s been a tough road for you. Sorry, but thanks for the update.

Mark Rich is the devil Clinton should have never let out of jail – he IS the next Black Swan along with corrupt academics. Must read as I suspect these companies will take down the system.

Posted by Buygold @ 17:14 on September 29, 2015  

http://www.zerohedge.com/news/2015-09-29/forget-glencore-real-systemic-risk-among-commodity-traders

Posted by ipso facto @ 17:09 on September 29, 2015  

21786119686_598264eccc_b

A comment:

Posted by Walker @ 17:01 on September 29, 2015  

Good evening,
My only reason for posting this evening is a man called Wanka. I think, I first read his comments , in the time frame of the very early year 2000..maybe before. My point, Wanka, the quartermaster, has always navigated his trusted words and opinions like? So very few. Honorable.
He trusts his comments, and stands . I would suggest, he in the past ..would have keel hauled me..smile. Frankly, I think he did . He should have others far sooner..too late to mention names and ..smile.

There are few here who can command such regarded respect. In my journey, ..well, it matters not.
My point, I will not give medical advice, any advice on health. Wanka, the once and will always be a mariner..and will always be..needed here..
I share to you ..with all respect and well wishes.
Keep your face to the sun and wind on your back..
Hum… a true name :Gordon

Ps ..now get well ..soon..post and frankly ..in truth many need your …

@WANKA re 13:06

Posted by Mr.Copper @ 16:31 on September 29, 2015  

Geez, I’m sorry to hear you are having a medical situation. I consider you an old friend. Maybe you should try to avoid any and all humid air. I noticed all my life up here, when it gets hot and humid its hard to breath and or work.

Wanka-Take Care Bud

Posted by Auandag @ 15:55 on September 29, 2015  

Hope the worst is behind you.

WANKA

Posted by commish @ 15:35 on September 29, 2015  

LiveLeak-dot-com-288_1443480954-118439gif_1443480963.jpg.resized Hope things with you return to normal.

Did you all see this?

Posted by goldielocks @ 15:30 on September 29, 2015  

They don’t think we need ID for voting but now want people to get passports for DOMESTIC flights. The insanity never stops. They need to get a life seriously and don’t belong in office.

http://www.zerohedge.com/news/2015-09-19/if-you-live-these-states-youll-soon-need-passport-domestic-flights

OT but tooo funny

Posted by ipso facto @ 14:51 on September 29, 2015  

BIG HAIR!

2CE62B6300000578-3253557-image-a-47_1443536863482

The ultimate bad hair day: Woman ends up in hospital after ‘confusing builder’s foam with her hair mousse’

Read more: http://www.dailymail.co.uk/news/article-3253557/The-ultimate-bad-hair-day-Woman-ends-hospital-confusing-builder-s-foam-hair-mousse.html#ixzz3n9gFMHk3

wanka

Posted by puptent @ 14:34 on September 29, 2015  

do you give out your email address

would like to discuss something with you

Hi Wanka

Posted by goldielocks @ 14:01 on September 29, 2015  

I figured you were down under again but saying something like where’s Wanka wouldn’t help.

Looks like you had your guardian angel  watching over you. She might be your first person to ask lol  I don’t know if you have one but maybe get a alarm/monitor for breathing  at night now.

Peru decrees emergency after 3 persons killed in mining protests

Posted by ipso facto @ 13:59 on September 29, 2015  

LIMA, Sept 29 (Reuters) – Peruvian President Ollanta Humala on Tuesday declared a state of emergency suspending civil liberties and authorizing military patrols in a highland region where three people died and scores were injured in protests at a Chinese-owned $7.4 billion copper project.

Humala decreed the emergency for 30 days in the southern Andean regions of Cusco and Apurimac, where the mine, Las Bambas, owned by China’s MMG Ltd, is under construction.

Apurimac governor Wilber Venegas said on Tuesday that three people protesting the project died in clashes with police in the town of Challhuahuacho and scores were wounded.

Rallies called on MMG to revise its environmental plan so that mineral concentrates would be piped out of town. Protesters also demanded the company hire more locals as construction work linked to the mine is dropping.

Some 1,500 police and 150 military officers had been sent to the region ahead of protests that started Friday. The state of emergency applies to six provinces.

more http://finance.yahoo.com/news/peru-decrees-emergency-3-persons-165417729.html

WANKA

Posted by ipso facto @ 13:52 on September 29, 2015  

Good to see you friend. Good to have you back! 🙂

Mr.Copper @ 13:29

Posted by Ororeef @ 13:51 on September 29, 2015  

Hear  Hear !  well said.

Putin

Posted by Ororeef @ 13:44 on September 29, 2015  

has been a savior to Obama..He’s managing the mid east crazies far better than just killing them. After all some are his neighbors .Israel strategy is simply to keep them fighting each other and by assumption leaving them alone .That is a untenable situational strategy in a nuclear world .Its probably better to let Putin handle the worst of the worst simply because they are in his back yard .He dont want them dropping nuclear on him either.Muslims need a reformation to bring them out of the 12th century ..

Theocracy is the worst form of government ,it does not educate the populace.Kings & Dictators would be less harmful because they allow for a evolutionary process to occur internally “enlightenment” and tolerance . Putin is best suited to handle them (for now)!

thanks gang for your warmness. i really appreciate and frankly feel very weak at this point. but cheered up though.

Posted by WANKA @ 13:44 on September 29, 2015  

now for this that caught my attention. no wonder I started lampposts r us! wj

http://www.wral.com/house-lawmakers-reject-teaching-gold-standard-/14932526/

Trump’s trump card: His ability to sober up the GOP

Posted by Mr.Copper @ 13:29 on September 29, 2015  

By G. Murphy Donovan, American Thinker

Donald Trump is a piece of work even by New York standards: tall, white, loud, brash, entrepreneurial, successful, rich, ruthlessly candid, well-dressed, and fond of heterosexual women. He has married at least three delicious ladies in fact. Trump has five children and seven grandchildren. Indeed, his progeny are well above average too, smartly groomed, photogenic, and successful to boot.

As far as we know, Donald does not have any tattoos, piercings, unpaid taxes, or under-aged bimbo interns. He is not a drunk or a junkie either. Trump projects and enterprises probably employ more folks than the NYC school system — or the United Nations. You could say that Trump is living the life, not the life of Riley, but more like Daddy Warbucks with a comb over. “The Donald,” as one ex-wife calls him, is not just living the American dream. Trump is the dream — and proud of it.

You could do worse than think of Trump as upwardly mobile blue collar. He is the grandson of immigrants and the product of Long island, a Queens household, and a Bronx education. The Donald survived the Jesuits of Fordham University for two years before migrating to finish his baccalaureate at the Wharton School at the University of Pennsylvania.

When readers of the New York Times, The New Yorker, and the New York Review of Books speak of “the city”, they are not talking about the Queens or the Bronx. Growing and schooling in the blue-collar boroughs gives Trump a curb level perspective, something seldom found in Manhattan. Or as any “D” Train alumnus might put it, Trump has “a pretty good Bravo Sierra detector.”

So what’s not to like about Donald Trump? He doesn’t just stay in four-star hotels; he builds them. He doesn’t just own luxury condominiums; he makes them. He doesn’t just own historic buildings; he restores them. He doesn’t just eat at the best restaurants; he creates them. He just doesn’t belong to the best country clubs; he builds those, too.

And Donald Trump, unlike the Manhattan/Washington fantasy Press and every Beltway political pimp, doesn’t just pay lip service to a bigger and better economy, he creates micro-economies every day. The only thing we don’t know about Donald Trump is why he would like to immigrate to the District of Columbia.

In any case, the merits of entrepreneurs like Trump might best be defined by the character or motives of his critics. Trump detractors are for the most part “B” list politicians, ambulance chasers, and a left-leaning Press corps that lionizes the likes of Nina Totenberg, Dan Rather, Chris Matthews, Andrea Mitchell, and Brian Williams.

If the truth were told, most of Trump’s critics are jealous, envious of his wealth -e- and they loath his candor. Donald might also be hated for what he is not. Trump is not a lawyer, nor is he a career politician who lives on the taxpayer dime. Trump is paying for his own campaign. Bernie, Barack, McCain, and Kerry could take enterprise lessons from a chap like Trump.

Unlike most government barnacles, Trump can walk and chew gum at the same time. He knows how to close a deal and build something. He is a net creator, not consumer, of a kind of wealth that provides “life, liberty, and the pursuit of happiness” for Americans — real jobs not feather merchants.

Today, Trump has nothing left to prove. Yet, success has allowed him the rarest of public privileges, an electoral pulpit and the courage to speak his mind. Alas, truth is not necessarily a political asset in a socialized democracy.

Indeed, the erstwhile presidential candidate stepped on his crank recently by suggesting that Mexico, already exporting dangerous drugs, cheap tomatoes, and even cheaper labor, was also exporting violent felons to the US.

Truth hurts! Trump’s rude candor is underwritten by nearly half a million illegal felons in American jails. Coincidently, events have conspired to support Trump’s take on Mexican dystopia with the El Chapo Guzman jailbreak and the murder of Kathryn Steinle by Francisco Sanchez. Senor Sanchez sported a lengthy criminal record and had been deported on four previous occasions. San Francisco, a “sanctuary” city, failed to honor existing warrants and released Sanchez from jail just before he blew Kathy Steinle away! Sanchez, repeat offender extrordinaire As serendipity would have it, Trump then went to Phoenix on 12 July and gave a stem winder to a sell-out crowd on the subject of illegal immigration. Senator John McCain was not pleased to have The Donald on Arizona’s front lawn and intemperately called Trump supporters “crazies.” Trump returned fire saying that McCain was no hero.

Here again Trump cut to the quick, pointing out that no one qualifies as a hero because he was shot down or captured. Indeed, being a hostage in North Vietnam is not necessarily heroic either. McCain is thought by some to be a hero because he refused to accept an early release. In fact, the Hanoi parole offer was a ruse, a Hobson’s choice, designed to embarrass McCain and his father at CINCPAC. If McCain took the

parole and abandoned his fellow POWs, he would have shamed his father and been ostracized by shipmates. Indeed, had John McCain not been the son and grandson of famous and victorious, Pacific Command flag officers, no one would have noticed him then or now. Few of the demagogues who have come to John McCain’s defense could name any of the 600 Vietnam-era POWs other than McCain. McCain is famous today because he, like John Kerry, has parlayed a very average Vietnam military service into a three-decade political sinecure. We know of 50,000 Vietnam veterans that might be more deserving than John McCain. Unfortunately, they died in a war that generals couldn’t win and politicians couldn’t abide. A body bag seldom gets to play the “hero.” McCain is no political hero either. He is famously ambiguous on domestic issues like immigration. He is also a Johnny-come-lately to Veterans Administration rot, which has metastasized as long as McCain has been in office. On foreign policy, McCain is a Victoria Nuland era crackpot, supporting East European coups, playing cold warrior, and posturing with neo-Nazis in Kiev. McCain pecks at Putin too because the Senate, like the Obama crew, hasn’t a clue about genuine threats like the ISIS jihad or the latest Islam bomb.

To date, Trump has run a clever campaign. He is chumming, throwing red meat and blood into campaign waters and all the usual suspects are in a feeding frenzy. McCain, the Press, the Left, and the Republican establishment all have something to say about “the Donald.” It is truly amazing how cleverly Trump manages to manipulate the establishment.

If you are trying to sell an idea or a candidacy, there’s no such thing as bad publicity. Who knows where the Trump campaign goes? For the moment, he has scored direct hits on Mexico and McCain. With El Chapo on the loose again, every time a toilet flushes in Sinaloa, Mexican garbage is likely spill out in Los Angeles, Hollywood, San Francisco, Portland, or Seattle. Indeed, it’s hard to believe that the Left Coast could survive without cheap labor, pistileros, meth, coke, heroin, or weed. Necrotic immigration and its byproducts are ready made targets for a gunslinger like Trump.

Trump is no bigot. He probably employs more Latinos and Blacks than Enrique Peña Nieto or Barack Obama. In his own way, Donald Trump is both immigrant and POW, a refugee from Queens and still a prisoner of Wharton. The Donald is The Dude, the guy with babes and a role of Benjamins that would choke a shark. He is the wildly successful capitalist that some of us love to hate.

Before democratic socialism, success and effectiveness were measures of merit. It doesn’t take much insight to compare Trump’s various enterprises with federal programs. Public education, banking oversight, public housing slums, poverty doles, veterans fiascos, Internal Revenue hijinks, and even some Defense Department procurement programs are consensus failures. The F-35 “Lightning” fighter is an illustration,arguably the most expensive single DOD boondoggle in history. Pentagon progressives seldom win a cat fight these days, but they still spend like sailors. If and when Trump fails, he is out of business.

In Trump’s world, failure has consequences. In contrast, Washington rewards failure with better funding (here-here). Indeed, generational program failure is now a kind of perverse incentive for Beltway politicians and apparatchiks to throw good money after failed programs. The difference between Trump and McCain should be obvious to any fair observer; Trump has done something with his talents. McCain, in contrast, is coasting on a military myth and resting on the laurels of Senatorial tenure.

Any way you look at it, Donald Trump is good for national politics, good for democracy, good for America, and especially good for candor. If nothing else, The Donald may help Republicans to pull their heads out of that place where the sun seldom shines.

The author had two tours in Vietnam as a junior officer and subsequently served as command Intelligence briefer in Hawaii where he updated CINCPAC, John McCain’s father, on POW matters.

Wanka stay Well

Posted by Ororeef @ 13:26 on September 29, 2015  

We need all the help we can get ,your guidance has been invaluable ,If theres anything we can do for you ….

Wanka @ 13:06

Posted by Samb @ 13:17 on September 29, 2015  

Welcome Back! You were missed!

Older Posts »
Go to Top

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