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BILLIONAIRS eeos @ 7:57 on December 1, 2015

Posted by Ororeef @ 23:44 on December 1, 2015  

I am NO competition for Trump,other Billionaires are….If we dont get back to a capitalist system we all lose..The Obama re-distritbution of wealth schemes continue we all lose.   I have to support billionaires because its the system I need to support,not the Individual ..In Obamas eyes I am no different than Trump because I am NOT dependent on Gubberment subsidy.   With communism its a RACE to the bottom just like CUBA,Venezuela,Bolivia …re-distribution means everybody not just billionaires.If you own a house worth over $100,000 the Gubberment says YOU are rich AND IN THE RE-DISTRIBUTION SCHEME   …he means you !   DONT BE FOOLED BY “we only going after the RICH “…he means YOU  ACCORDING TO his DEFINITION .you are the Rich !

Obama communists want to put in a WEALTH TAX ..that is a TAX on your ASSETS that you already paid TAXES on especially REAL ESTATE  .How would you find the CASH to pay the TAX with ..NO doubt you will have to sell at least 30 % of everything to raise the CASH to pay the TAX and in addition pay capital GAINS on that TAX in addition to the wealth TAX  …Its a communist sure way to EQUALIZE everybody regardless of how hard you worked to buy your house with money you already paid taxes on. and its not just Real ESTATE ..its any assets including Stocks,BONDS ,Life Insurance Policy,Where will the CASH come from to pay such a TAX….NO DOUBT it will cause an economic CRASH of aaaaaaaall assets  to raise cash ….Business will have to be sold  if you dont have enough cash to pay the TAX…IT is your Worst NIGHTMARE ,if you OWN ANYTHING at all…..Dont let HIM that COMMUNIST  FOOL you by saying He ‘s going to tax the RICH….HE MEANS YOU !


Posted by ipso facto @ 20:25 on December 1, 2015  

It’s going to feel good when the shorts finally get punished. I can almost taste it … it tastes like victory! :mrgreen:


Posted by Buygold @ 19:57 on December 1, 2015  

God Bless the new Kremlin weatherman! We might need to immigrate to Russia before this is over. 🙂

Yes, we are nuts to have been in this long. Lovers of pain are we!

I hope we’ve made the right move and will be rewarded in the end. I also look forward to Dec. 16th. The whole world will be watching.

But the experts say….


France’s Top Weatherman Hired By Kremlin After Being Fired For Questioning Global Warming

Posted by ipso facto @ 19:32 on December 1, 2015  



Posted by ipso facto @ 19:18 on December 1, 2015  

Can you believe we’re still in this market? We must be nuts! 🙂

“Dec. 16th will be a day that goes down in economic infamy!”

I’m looking forward to it. Either way I think we are going to be looking good. Fingers crossed

Hey Ipso

Posted by Buygold @ 18:26 on December 1, 2015  

yeah running scared, the crooks make it so hard to have any confidence unless someone is invested in the SM. The boyz have worked so hard to make everything pm’s look horrible as an investment for the last five years it’s impossible to be bullish.

All things must come to an end though and IMHO it will on Dec. 16th with the Fed meeting, they are screwed if they do (but still sound dovish) and really screwed if they don’t because that means QE4 is on the way. Either way, I think the bottom is in for the shares first and then the metals. BWTFDIK?

Dec. 16th will be a day that goes down in economic infamy! 🙂


You Can Lead a Horse to Water….

Posted by silverngold @ 17:30 on December 1, 2015  

Pilots, Doctors, and Scientists Tell the Truth about Chemtrails…..about 15 minutes of interesting facts and figures.


Posted by ipso facto @ 17:18 on December 1, 2015  

They got us running scared, friend! 🙂


Posted by Buygold @ 17:14 on December 1, 2015  

Not sure. Does seem like the bottom is in for the shares but every time I think that…… 🙂

Interesting – we saw what happened to gold stocks in 2000, then gold after that. Take it with a grain of salt. ZH is a perma bear site

Posted by Buygold @ 17:11 on December 1, 2015  

“The Most Extreme Point Of Stock Market Overvaluation In History”

Tyler Durden's picture

Excerpted from John Hussman’s Weekly Comment,

The atmosphere is getting thin up here, and every ounce counts triple when you’re climbing in rarefied air. While near-term market dynamics are more likely to be impacted by Friday’s employment report than any other factor, our broad view remains that stocks are in the late-stage top formation of the second most extreme episode of equity market overvaluation in U.S. history, second only to the 2000 peak, and already beyond the 1929, 1937, 1972, and 2007 episodes, not to mention lesser extremes across history.

On the economic front, much of the uncertainty about the current state of the economy can be resolved by distinguishing between leading indicators (such as new orders and order backlogs) and lagging indicators (such as employment). It’s not clear whether the weakness we’ve observed for some time in leading indicators will make its way to the employment figures in time to derail a Fed rate hike in December, but as we’ve demonstrated before, the market response to both overvaluation and Fed actions is highly dependent on the state of market internals at the time. Presently, we observe significant divergence and internal deterioration on that front. If we were to observe shift back to uniformly favorable internals and narrowing credit spreads, our immediate concerns would ease significantly, even if longer-term risks would remain.

Having reviewed the divergences we observe across leading economic indicators and market internals last week (see Dispersion Dynamics), a few additional notes on current valuations may be useful.

As I’ve noted before, the valuation measures that have the strongest and most reliable correlation with actual subsequent market returns across history are those that mute the impact of cyclical variations in profit margins. If one examines the deviation of various valuation measures from their historical norms, those deviations are rarely eliminated within a span of a year or two, but are regularly eliminated within 10-12 years (the autocorrelation profile drops to zero at that point). As a result, even the best valuation measures have little relationship to near-term returns, but provide strong information about subsequent market returns on a 10-12 year horizon. Among the most reliable valuation measures we identify, those with the strongest relationship with subsequent 12-year nominal S&P 500 total returns are:

  • Shiller P/E: -84.7% correlation with actual subsequent 12-year S&P 500 total returns
  • Tobin’s Q: -84.6% correlation
  • Nonfinancial market capitalization/GDP: -87.6%
  • Margin-adjusted forward operating P/E (see my 8/20/10 weekly comment): -90.7%
  • Margin-adjusted CAPE (see my 5/05/14 weekly comment): -90.7%
  • Nonfinancial market capitalization/GVA (see my 5/18/15 weekly comment): -91.9%

MarketCap/GVA is presented below to provide a variety of perspectives on current valuation extremes. The chart below shows this measure since 1947. We know by the relationship between MarketCap/GVA and other measures (with records preceding the Depression) that the current level of overvaluation would easily exceed those of 1929 and 1937, making the present the most extreme point of stock market overvaluation in history with the exception of 2000. In hindsight, the only portion of 2000 when stocks were still in a bull market was during the first quarter of that year.

To be as clear as possible: Over the near term, broad improvement in market internals and credit spreads would suggest a return to risk-seeking speculation that might defer the unwinding of this obscene Fed-induced speculative bubble, or could even extend it. But with market internals presently negative and credit spreads continuing to widen, the market remains vulnerable to an air-pocket, panic or crash, here and now. In either case, our expectation is that the completion of the current market cycle will involve a market loss of at least 40-55%; a loss that would merely take the most historically reliable valuation measures to run-of-the-mill pre-bubble norms, not materially below them.

Investors should remember from the 2000-2002 and 2007-2009 collapses that in the absence of investor risk-seeking – as conveyed by market internals – even aggressive Fed easing does not support stocks. The reason is that once investors become risk-averse, safe, low-interest liquidity is a desirable asset rather than an inferior one. So creating more liquidity fails to achieve what the Fed does so successfully and perniciously during a risk-seeking bubble: drive investors to chase yield and speculate in risk-assets.

The chart above places MarketCap/GVA on an inverted log scale (blue line, left scale), along with the actual S&P 500 nominal annual total return over the following 12-year period (red line, right scale). Note that current valuations imply a 12-year total return of only about 1% annually. Given that all of this return is likely to come from dividends, current valuations also support the expectation that the S&P 500 Index will be lower 12 years from now than it is today. While that outcome may seem preposterous, recall that the same outcome was also realized in the 12-year period following the 2000 peak.

Given both obscene valuations and clearly unfavorable market internals and credit spreads at present, we see extreme market losses as not only an immediate risk, but also as the predominant likelihood over the next few years.

Cinch that bit down

Posted by ipso facto @ 16:45 on December 1, 2015  

Greeks Told To Declare Cash “Under The Mattress”, Jewelry And Precious Stones

When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash “under the mattress” (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or a mistake.

After all, this would be merely the first step toward full-blown asset confiscation, conducted so many times by insolvent governments throughout history, once the government cracks down on those who made a “mistake” in their asset declaration form or simply refuse to fill such a declaration, thereby making all their assets eligible for government confiscation.

It was not a joke.

Here is the take of Keep Talking Greece, whose stunned response mirrors ours.

Cash “under the mattress” totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1 January 2016. Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad.

more http://www.zerohedge.com/news/2015-12-01/greeks-told-declare-cash-under-mattress-jewelry-and-precious-stones


Posted by ipso facto @ 16:39 on December 1, 2015  

Is it time to come out of the fetal position? Can I open my eyes?

Decent day for the shares

Posted by Buygold @ 16:19 on December 1, 2015  

Thought for sure we’d start seeing the beginning of tax loss selling today. No great volume but still nice to see strength with the metals near six year lows.

GSK warning flu shot may do more harm than good.

Posted by goldielocks @ 15:39 on December 1, 2015  

See it has Mercury in them as well as other toxins as usual. The 65 plus vaccines this year word came out it has Squaline in it and bad news. Plays havoc on immune system. Body has it own and reaction can act like cytokine storm in that it can Attack your own body because of the Squaline. Cause a plethora of autoimmune problems. Looks like they want to kill off a few people while dumbing down others or getting them sick.




Posted by goldielocks @ 15:17 on December 1, 2015  

Heres a place in Florida that gives free AK 47 lessons. Care should be most important heard they can have issues sometimes. Keep away from the O 2 as U probably know if you do. Guess best way is don’t know too much. Remember trying out a 9 mm think Saier something and he was afraid I was gonna out shoot him so took it back. Just target stuff not combat but guess this guy will.

He also won a suit from Cair for refusing Muslins only because none applied for one so can see trouble heading his way. They should defund Cair anyways.


Moggy @ 9:00 re “emitted more CO2 than driving 72 cars for a year.

Posted by Mr.Copper @ 12:20 on December 1, 2015  

TPTB are a bunch of Hippocrates. Even encouraging people to constantly buy or lease and DELIVER new more fuel efficient cars is emitted more unneeded CO2. Jay Leno once said…

“I’m saving energy keeping and driving my 1955 Buick” “It wastes energy every time they build and deliver a new gas saver car”.

This whole carbon foot print global warming hoax is for creating man hours out of thin air, rather than creating money out of thin air.

merry christmas, mr president…

Posted by treefrog @ 12:09 on December 1, 2015  


Hmmm anyone for some “country risk?”

Posted by ipso facto @ 10:59 on December 1, 2015  

Iran mining bigger opportunity than oil

Copper, iron ore and heavy rare earth elements could be worth “much more” than Iran’s crude oil revenues Mojtaba Khosrowtaj, deputy minister in Iran’s Ministry of Industry, Mine and Trade tells Bloomberg.

Iran is opening $29 billion of mining projects to foreign investors once international sanctions are lifted, roughly equal the oil and gas investments up for grabs. Iran has more than 3,000 active mines, mostly privately owned, according to Khosrowtaj.

Mining contributes just 0.6 per cent to GDP and given the depressed state of commodity prices the country faces an uphill battle attracting investment to the sector. Iran is ranked among 15 major mineral-rich countries with potential reserves worth more than $700 billion. As of 2011, Iran had the world’s 9th largest reserves of copper at 32.5 million tonnes even though production is only expected to reach 425,000 tonnes by next year.

The discovery of two large coal and iron ore deposits in the Lut desert in central Iran was announced by the mines ministry earlier this year. The country is the number four supplier of iron ore to China, shipping some 15–20 million tonnes annually although that would have fallen substantially given the slide in the price and the high cost of mining inside the country.

A main reason Iran is so uncompetitive despite very low labour costs is a crippling lack of equipment and machinery due the the sanctions regime. Mehdi Karbasian, managing director of a group pushing for mine development in the country said in September “old and second-hand machineries are being used in many of the mines some of which have been used in other countries for over 50 years.”


Endeavour consolidates shares, applies for ASX delisting

Posted by ipso facto @ 10:55 on December 1, 2015  

PERTH (miningweekly.com) – Dual-listed gold miner Endeavour Mining has requested a delisting from the ASX, while undertaking a massive share consolidation. The share consolidation would be done on the basis of ten pre-consolidation shares for every one post-consolidation share, reducing the number of outstanding shares from about 590.2-million to 59-million, the company reported on Tuesday. Meanwhile, Endeavour had also applied to the ASX to have its listing removed on the bourse, with trading expected to close on January 4, and the company ceasing to be an ASX-listed entity on January 11.



Jeremiah Chapter 8 verses 4 – 22

Posted by silverngold @ 10:45 on December 1, 2015  

Ever just open your Bible to a random place and start reading? I do quite frequently, and today it opened to Jeremiah chapter 8.

BOY, if that doesn’t fit where the world is today then nothing ever will. If you’re interested, take a look. It hits the nail on the head!!

Go ahead Janet … make my day

Posted by ipso facto @ 10:40 on December 1, 2015  

ISM Manufacturing Collapses To Worst Since June 2009 As New Orders, Prices Paid Plunge


1 st hr looking OK

Posted by Maddog @ 10:23 on December 1, 2015  

can we take out 112.50/113.0 on Hui…cud be fun if we do.

Surely every time Obummer opens his mouth in Paris, the sane part of the World cringes….someone better send him home pdq…..Only problem is he thinks/knows, he is smarter than everyone else.

Sucker Punch

Posted by ipso facto @ 10:22 on December 1, 2015  

It’s D-Day For Puerto Rico As $354 Million Payment Comes Due, Padilla Heads To Capitol Hill For Help

Puerto Rico has a problem. The commonwealth needs to make a $354 million bond payment on Tuesday and the government is basically out of money.

We previewed this rather precarious situation twice in the last two weeks (see here and here), noting that this time is indeed “different.” Why? Because unlike August when the island paid only $628,000 of a $58 million payment (so, just about 1%), a large portion of what’s due Tuesday is GO debt guaranteed by the National Public Finance Guarantee Corp. A default on that spells litigation.

A default “would likely trigger legal action from creditors, commencing a potentially drawn-out process absent swift federal intervention,” Moody’s warned last month.

more http://www.zerohedge.com/news/2015-12-01/its-d-day-puerto-rico-354-million-payment-comes-due-padilla-heads-capitol-hill-help

Poll Results … Don’t often see this much agreement …

Posted by ipso facto @ 10:17 on December 1, 2015  

Was Turkey justified in the downing of the Russian jet?

No (95%, 63 Votes)

Yes (5%, 3 Votes)

Total Voters: 66

Portugeezer @ 8:34 It’s just logic

Posted by ipso facto @ 10:13 on December 1, 2015  

If A = B and B = C then A = Z 🙂

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