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

Don’t worry the stock futures should ramp up in a few hours

Posted by Aguila @ 22:33 on July 4, 2016  

but the metal are rippin’ upwards despite the floggin’

And the games

Posted by deer79 @ 21:52 on July 4, 2016  

continue……..

Scum take Au and Ag dn from Friday and bid Dollar

Posted by Maddog @ 21:50 on July 4, 2016  

Monday never happened, it just got cancelled in Scumland.

WANKA

Posted by ipso facto @ 21:45 on July 4, 2016  

Grokking! Emoji_1F601

ipso facto 20:56 …next to this one……

Posted by WANKA @ 21:35 on July 4, 2016  

11'''''' wj

Congratulations to all in the United States who feel proud this evening as a few more

Posted by Equisetum @ 21:08 on July 4, 2016  

secrets of Jupiter may soon be  revealed on our television screens.  It is a reason for all to be immensely proud of this space exploration accomplishment.   In my opinion it is important and refreshing  to reflect on such accomplishments and to set aside, at least temporarily, the negative things we read about the less than perfect political, economic and social aspects of life on this continent and planet.  Best to all.  Equiz.

WANKA @ 20:40

Posted by ipso facto @ 20:56 on July 4, 2016  

Jefferson’s best quote!

spot silver

Posted by Ororeef @ 20:51 on July 4, 2016  

http://www.goldchartsrus.com/gold/charts/chartind2.php?ticker=SLVFX

commish and then there was……….

Posted by WANKA @ 20:40 on July 4, 2016  

11''' 🙂 wj

Collapse – Love the back round music

Posted by commish @ 20:15 on July 4, 2016  

This possible endgame perhaps won’t be so disruptive to society … incredibly inflationary but not so much burning.

Posted by ipso facto @ 19:51 on July 4, 2016  

Brexit and the Derivatives Time Bomb

Posted on July 1, 2016 by Ellen Brown

snip

Time for a Reset

That may get Italy out of the woods, but the system is clearly broken. A $500 trillion derivatives time bomb poised atop a $100 trillion mountain of debt is not a stable situation. It’s time to push the reset button, but how? Bailouts and bail-ins have been tried and proved wanting. But a debt “jubilee” – simply canceling the debt – would devastate creditors and collapse the massive derivatives bubble.

All else having failed, it may be time to do what should have been done all along: convert “sovereign debt” into “sovereign money.” The “event of default” triggering a derivatives meltdown can be avoided by simply paying the debts with money issued by the government.

A government oppressed by “sovereign” debt is not really sovereign. A sovereign government has the power to issue money and need not go into debt at all. But EU member governments have lost that sovereign power. They are unable to issue their own money or borrow money issued by their own central banks. If they leave the EU, they can get that power back for future expenditures; but their existing debt is in euros, and only the ECB has the power to convert bonds into euros.

In fact that is what it does when it buys government bonds with QE. The problem with QE as currently practiced is that the bonds remain on the central bank’s books, “sterilizing” their effect on the market. The idea is to be able to sell them back into the market should inflation become a problem. But that means the bonds are still counted as debt for purposes of balancing national budgets, forcing continued austerity, cutbacks and privatization. If the bonds were bought back and voided out, national governments would be free to spend again. QE doesn’t need to be unwound by selling bonds into the market. If the money supply grows too large, money can be pulled back with taxes, interest or fees.

The invariable objection to paying off the debt with central bank-issued money is that it would lead to hyperinflation. But would it? Government bonds are already classified as “near money” – so liquid that they are readily exchangeable for cash. Turning them into cash is little different from moving money from your savings account to your checking account. One draws interest and the other doesn’t, but cashing out the savings account doesn’t make you any richer than before. It doesn’t propel you to spend more on goods and services, driving consumer prices up.

If people and governments were incentivized to spend more, however, that would actually be a good thing. Consumer markets need more demand today. The way to stimulate economies is to get money into the pockets of people who will spend it. Demand (money) stimulates supply (productivity). Before QE can stimulate the real economy, it has to make it into the real economy. If the goal of the EU is to hold itself together and avoid a derivatives meltdown, some QE that actually got into the hands of the people could be just the ticket.

more https://ellenbrown.com/2016/07/01/brexit-and-the-derivatives-time-bomb/

Interesting Ideas … maybe a little overly optimistic in my view

Posted by ipso facto @ 19:22 on July 4, 2016  

Doug Casey On The Next Industrial Revolution

http://www.zerohedge.com/news/2016-07-04/doug-casey-next-industrial-revolution

Scruffy @ 11:42

Posted by silverngold @ 13:33 on July 4, 2016  

Ain’t that the truth!!

This explains a lot!

Posted by Scruffy @ 11:42 on July 4, 2016  

Once upon a time there was a king who wanted to go fishing.

He called the royal weather forecaster and inquired as to the weather

forecast for the next few hours. The weatherman assured him that there was no chance of rain in the coming days.

So the king went fishing with his wife, the queen. On the way he met a farmer on his donkey. Upon seeing the king the farmer said, “Your Majesty, you should return to the palace at once because in just a short time I expect a huge amount of rain to fall in this area”.

The king was polite and considerate, he replied: “I hold the palace meteorologist in high regard. He is an extensively educated and experienced professional.  And besides, I pay him very high wages. He gave me a very different forecast. I trust him and I will continue on my way.”  So he continued on his way.

However, a short time later a torrential rain fell from the sky.  The King and Queen were totally soaked and their entourage chuckled upon seeing them in such a shameful condition.

Furious, the king returned to the palace and gave the order to fire the professional. Then he summoned the farmer and offered him the prestigious and high paying role of royal forecaster.>

The farmer said, “Your Majesty, I do not know anything about

forecasting.  I obtain my information from my donkey.

If I see my donkey’s ears drooping, it means with certainty that it will rain.”

So the king hired the donkey.  And thus began the practice of hiring dumb asses to work in the government and occupy its highest and most influential positions.

 And the practice is unbroken to this day

silver

Posted by treefrog @ 11:24 on July 4, 2016  

holy volatility, batman!

gotta love it!

by the way, does anybody know the right way to pronounce “comex?”  i have always seen it written, and thought it was “com-ex” with a short “o” as in “compound.”  a few days ago, i heard someone pronounce it “co-mex” with a long “o” as in “cope.”

A little bit more about Orlando

Posted by newtogold @ 11:11 on July 4, 2016  

FBI Orders All Orlando Records Withheld from Public

Silver

Posted by redneckokie1 @ 11:05 on July 4, 2016  

coming to you from Lamar Colorado on my way to glacier natl park in Montana.

the open interest in silver is going up. THIS IS NOT A SHORT COVERING RALLY AT THIS TIME. The talking heads are trying to get a break so they can get in. When new longs are coming into the market, it ain’t gonna break. I don’t know who the new longs are, but my guess is fiat coming out of the stock market.

happy holiday to the oasis!

rno

Love it when New Jerk isn’t puking paper all over the markets.

Posted by Scruffy @ 10:22 on July 4, 2016  

1 Day Gold Price per Ounce in US Dollars

 

1 Day Silver Price per Ounce in US Dollars

How about some George Carlin on the 4th

Posted by Buygold @ 9:52 on July 4, 2016  

HAPPY BIRTHDAY AMERICA !

Posted by Ororeef @ 9:30 on July 4, 2016  

Click click ..its Gone ! What did they do with the MONEY ?

Posted by Ororeef @ 9:29 on July 4, 2016  

Happy 4th to you Farmboy!

Posted by Buygold @ 9:26 on July 4, 2016  

I’m surprised the boys in London weren’t able to reign in silver overnight. Could get interesting.

Year To Date, All Metals In A New Bull Market Marge

Posted by Mr.Copper @ 9:24 on July 4, 2016  

Just like a new bear market, but opposite. You think prices went too high too fast, and a correction is at hand. You sell something, and end up buying it back higher and you get surprised at more higher highs. (instead of surprising lower lows in a new bear market)

http://finviz.com/futures_charts.ashx?t=METALS&p=w1

TA DA!

Posted by Ororeef @ 9:18 on July 4, 2016  
COMEX OZ
Total Oz
1 Day Ch
1 Day %
Gold
10,294,260
75,571
0.74 %
Silver
151,053,919
-427,418
-0.28 %
Palladium
68,367
0
0.00 %
Platinum
187,063
0
0.00 %

Morning Buygold,

Posted by Farmboy @ 9:02 on July 4, 2016  

Hope you get the chance to just kick back, relax, and enjoy ALL the fireworks tonight. 🙂

Happy 4th July to you and all the folks at the Oasis.

Headed out to my little hometown parade and celebration this morning. More American flags decorating the area than I have seen in years. Some folks are taking pride in our Heritage and Freedom ? Sure hope so, catch up with you later. Will try and get a nap in some time today so I can keep Newtogold company tonight. 🙂

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