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

Trudeau’s welcome mat has been thrown across the border for an average of 200 fake refugees per day at ONE BORDER CROSSING ALONE. Multiply that by how many border crossings there are into Canada and you’ll get the picture. Ridiculous!!

Posted by silverngold @ 23:24 on August 10, 2017  

There ain’t no free lunch unless you’re a “refugee”.

Maya

Posted by goldielocks @ 22:30 on August 10, 2017  

Your address for Wanka is right.
http://www.florida-fictitious-names.com/ficld_view.php?editid1=G16000055363

Besides the crash, Jimmy, what else is new?

Posted by Richard640 @ 22:23 on August 10, 2017  

Jim Rogers says the ‘biggest crisis in his life’ is less than a year away

Jim Rogers says,”it would be bizarre if we didn’t have a problem.”

Jim Rogers believes that we are in for a colossal crisis pretty soon. (Image: Reuters)

Jim Rogers, the renowned co-founder of Quantum Fund believes that there’s an impending crisis, and it’s much sooner than you think. “We could see the worst crash in my entire life pretty soon,” said Jim Rogers in a recent conversation with Kitco news. Jim Rogers founded the Quantum Fund alongside George Soros, who is regarded as one of the most successful investors of all time. From 1970 to 1980, their portfolio returned 4200% while the S&P had posted paltry returns of about 47%.

Jim Rogers said, “We’ve had economic problems in the US, in North America, every four years since the beginning of the republic, to say that we’re going to have a problem is not unusual.” Going a step further, the veteran said that it would be ‘bizarre’ if we didn’t have a problem. Rogers observed that the 2008 financial crisis was caused due to a rise in debt, and since then the debt has gone through the roof. In fact, Alberto Gallo of Algebris Investments, in a recent blog, noted that global debt levels have almost quadrupled, rising 276% in the last decade to $217 trillion. Talking about the timeline, Jim Rogers predicts that the impending crisis could be as early as next year.

Also readChuck Prince’s music still playing but why does Alberto Gallo want to leave the party?

Jim Rogers, sometimes referred to as ‘Commodities Guru’, believes that gold prices are likely to skyrocket, in view of the impending meltdown. He observed that people have always turned to gold in the face of crisis and this time around it’s not going to be any different. In the same conversation he said, “Gold is going to be explosive in the next few years.” His belief in gold as a safe haven investment is shared by another renowned investor Marc Faber, who’s buying gold, to protect himself from the overheated equity markets in the United States.Besides the crash, Jimmy, what else is new?

Buygold=I will take all those trades if you will but set the example and take them first….lol

Posted by Richard640 @ 21:26 on August 10, 2017  

seriously…I’ll stand pat with my 2 current trades…they are not high confidence and like all of us I have been conditioned to expect gold to suddenly give up its gains…

The Fed Has 6,200 Tons of Gold in a Manhattan Basement—Or Does It?

Posted by Floridagold @ 20:47 on August 10, 2017  

The central bank provides limited inventory information and won’t let outsiders count the bars, prompting skeptics to pounce

Vault entrance at the Federal Reserve, New York.
Vault entrance at the Federal Reserve, New York. PHOTO: FEDERAL RESERVE BANK OF NEW YORK

Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold.

Or doesn’t.

Gold bar
Gold bar

The Fed tells visitors its basement vault holds the world’s biggest official gold stash and values it at $240 billion to $260 billion.

But “no one at all can be sure the gold is really there except Fed employees with access,” said Ronan Manly, a precious-metals analyst at gold dealer BullionStar in Singapore. If it is all there, he said, the central bank has “never in its history provided any proof.”

Mr. Manly is among gold aficionados who wonder if the bank is hiding something about what it’s hiding.

Other theorists suspect the gold beneath the New York Fed’s headquarters at 33 Liberty St. may be gold-plated fakes. Some conspiracy-minded investors think the Fed has been secretly leasing out the gold to manipulate prices.

“There has to have been a central bank spewing their gold into the market,” said John Embry, an investment strategist for Sprott Asset Management in Toronto until 2014 who once managed its gold fund.

Gold bars at the New York Fed.
Gold bars at the New York Fed. PHOTO: FEDERAL RESERVE BANK OF NEW YORK

“The gold price didn’t act right” during the time he was watching it and the likely explanation for the movement was Fed action, said Mr. Embry.

Fed officials have heard theories about their gold holdings for many years and don’t think much of them. After this article was published, a Fed spokeswoman said the Fed doesn’t own any of the gold housed at the New York Fed, which “does not use it in any way for any purposes including loaning or leasing it out.”

The Fed has been selective in giving details about the contents of the vault and in the past has said it can’t comment on individual customer accounts due to confidentiality agreements.

Former Fed Chairman Alan Greenspan said in a July interview: “When you deposit your funds in a bank, should that bank make your account balances available to whomever asks?”

Seeking a better glimpse inside the vault and at Fed procedures and records, The Wall Street Journal filed Freedom-of-Information requests with the New York Fed. Among the Journal’s findings, from a heavily redacted tour-guide manual provided by the Fed: Tour guides are informed that “visitors are excitable” and should be asked to “please keep their voices down.”

Three Fed staffers must be present when gold is moved or a compartment opened, even to change a lightbulb, and no attempts have been made to break in, documents state.

New York Fed President William Dudley told a March gathering in Queens, N.Y., that the fictional raid by drilling through from a subway tunnel in the 1995 movie “Die Hard With a Vengeance” was far-fetched.

The Fed gives some information about the vault on a website and offers tours. A guide on one tour gave some details: Inside is enough oxygen for a person to survive 72 hours, should someone get trapped; custodians wear magnesium shoe covers to help prevent injuries, should they drop 27-pound bars; the Fed charges $1.75 a bar to move gold but nothing to store it; most of the gold is owned by foreign governments.

Gold bullion is weighed at the New York Fed, 1992.
Gold bullion is weighed at the New York Fed, 1992. PHOTO: SCOTT MC KIERNAN/ZUMA PRESS

Along with the foreign gold, the Fed’s Manhattan vault holds about 5% of America’s roughly $11 billion in gold reserves and coin, valued at the statutory rate of $42.22 per fine troy ounce, according to the U.S. Mint. The U.S. government keeps the rest in Denver, Fort Knox, Ky., and West Point, N.Y.

Elaborate theories build on what the Fed doesn’t say about goings-on in its vault’s 122 compartments.

It doesn’t report when bars enter or leave and doesn’t let in outsiders—other than auditors and account holders—to count the bars or review records.

Visitors on vault tours see only a display sample and can’t verify bars up close.

“All you see is the front row of gold bars,” said James Turk, co-founder of Goldmoney, a gold custodian. “There’s no way of knowing how deep the chamber is or how many rows there are.”

New York Fed staff stack newly arrived gold, 1962.
New York Fed staff stack newly arrived gold, 1962. PHOTO: ASSOCIATED PRESS

Mr. Turk, based in London, believes much of the gold has been “hypothecated,” or lent out to other parties, and then rehypothecated, or lent to multiple parties at once. In doing so, he says, “central banks actually own less gold than people believe.”

Some gold bugs—investors bullish on the yellow metal—think the Fed secretly lends it out to suppress prices, partly to protect the dollar’s value. In theory, the Fed can feed gold into the market through swaps with other countries.

James McShirley, who owns Sulphur Lumber in Sulphur Springs, Ind., and has traded gold, believes investment banks, probably as agents for the Fed, act to lower prices when gold futures gain 1%. “It’s totally logical that in addition to maintaining artificially low interest rates,” he said, “it would be imperative to keep gold suppressed as an inflationary barometer.”

Then there’s the purity question. Mr. Turk said there are “questions in gold circles as to what’s in an actual bar.” One theory, he said: They could be gold-plated tungsten, which would weigh almost the same.

“I think the gold they have there is real gold,” he said, “but until you do random sampling you don’t know for certain.”

In a 2012 audit of U.S. gold at the Fed’s vault, the U.S. Mint and the Treasury’s Office of Inspector General sent 367 samples to an independent lab for testing. All but three samples came back within 0.13% of the purity recorded by the government, within standard industry tolerance, according to the Mint and Treasury.

Gold bullion on New York Fed scales, 1992.
Gold bullion on New York Fed scales, 1992. PHOTO: SCOTT MC KIERNAN/ZUMA PRESS

Since then, annual government audits of the Fed’s vault have inspected only the locks and joint seals on the compartments to check they haven’t been tampered with, a Mint spokesman said.

That isn’t enough, said Peter Boehringer, founder of the German Precious Metals Society. The problem, he said, is the “complete lack of a transparent, full, independent, external audit in the Fed´s vaults by a sworn-in auditor.”

New legislation, nicknamed the “Audit the Fed” bill, could allow the Government Accountability Office to audit the Fed’s vault, said a spokesman for the bill’s Senate sponsor, Rand Paul (R., Ky.). GAO lawyers wouldn’t speculate on the bill’s reach. Mr. Paul’s spokesman said the Senator has arranged a personal visit to Fort Knox this fall.

Former U.S. Rep. Ron Paul, the senator’s father, has been outspoken about what he says is taxpayers’ need for more transparency about gold from the Fed. “Even if you could walk into that vault and see a lot of gold, you wouldn’t know…whether it’s been loaned out or sold,” he said. “They haven’t convinced me that we have total control of it.”

Write to Katy Burne at katy.burne@wsj.com

Appeared in the August 11, 2017, print edition as ‘Fed Has 6,200 Tons of Gold in New York Basement—Or Does It?.’

Well R640 – from what I gather

Posted by Buygold @ 20:35 on August 10, 2017  

You should be going tits long in silver and tits short in NFLX and maybe NVDA and SNAP too.

Problem is the masters, who love to see you take the bait.

Which bait will you take?

The much awaited Silver Party seems about to begin, Are You Ready?

Posted by Richard640 @ 19:21 on August 10, 2017  

Silver has dual usages which makes it more attractive than gold. Other industrial metals have been rising sharply in recent times, including iron ore and copper. Today saw aluminium prices trade above $2,000 a tonne for first time in nearly three years. As well as reduced concerns about excessive supply, demand appears to be on the rise again for industrial metals from China.

Taking everything into account, silver may be about to stage a meaningful rally as it potentially joins other base metals in finding significant support. A weaker US inflation report on Friday could help accelerate the potential rally. If silver has any chance of going higher, it will need to clear resistance around $16.45/50 area first then break market structure of lower lows and lower highs next. The last high was around $16.80-16.95 area. Therefore If and when we move above here, then the path for a much bigger rally may potentially clear.

Five Reasons Why You Should Buy Silver Now

http://www.commoditytrademantra.com/silver-trading-news/the-much-awaited-silver-party-seems-about-to-begin-are-you-ready/

From Murph tonite=Netflix

Posted by Richard640 @ 19:17 on August 10, 2017  

One yardstick of the growing insanity is the money- burning tech companies whose shares keep going up no matter what.

Take Netflix (NFLX), for example, which casually announced in an April letter to shareholders that it expects a negative free cash flow (FCF) of $2 billion this year, up from “only” $1.7 billion in 2016.

Last October, the company said it would have to raise another $800 million in debt (adding to the over $2.2 billion it already had), all in the name of adding quality content, aka movies and TV shows, to the site.

It’s no secret in investment circles that Netflix doesn’t really make money, a negligible fact that hasn’t kept the stock from skyrocketing.

In its mid-July Q2 earnings report, the company proudly reported that it had added 5.2 million new subscribers in the last quarter, crushing Wall Street estimates and propelling the stock upward by more than 10%.

Never mind that Q2 free cash flow was minus $608 million, a year-over-year increase in losses of $354 million. Investors gobbled up the “good news” and sent shares soaring to new heights of over $188 in July.

We see a similar picture with social-media giants like Twitter and Snapchat, which are virtual money pits.

Of course, there is no way that this can go on. And as stocks are being caught out in the rain, gold and silver will get their day in the sun, as has historically been the case.

 

Kim Jong Un

Posted by commish @ 19:01 on August 10, 2017  

9f11d7f6 Don’t know why he would want to attack this peaceful little place.  https://simple.wikipedia.org/wiki/Guam

Besides having an Air and Navy base there. The other draw is that the Japanese tourists like to visit.

I love this action=Snap Chat had bad earnings and bravely went up 10 or 12 cents–now it’s down 1.88

Posted by Richard640 @ 17:17 on August 10, 2017  

http://www.nasdaq.com/symbol/snap/after-hoursood

NVIDIA down 16.80–good deal!!  The boys on CNBCs’ Fast Money saying this is more than a one or 2 day correction.

 

McEwen grows gold production 50% with Timmins buy

Posted by ipso facto @ 17:14 on August 10, 2017  

http://www.mining.com/mcewen-grows-gold-production-50-timmins-buy/

Maya @ 14:42

Posted by Moggy @ 16:26 on August 10, 2017  

Deep six that address.

PAAS and SSRM beat forecasts and r up @12 % HL meanwhile is dn 0.5 % it missed a week ago

Posted by Maddog @ 15:42 on August 10, 2017  

Nem beat and jumped big time…seems earnings are the only thing driving PM stox here…so all are seriously cheap as none are trading a bull mkt in metal….yet.

R640, Capt. hook

Posted by Buygold @ 15:26 on August 10, 2017  

R640 – looks like you’re getting your wish on the SM deteriorating in the last hour – what I wanted to see as well, along with the metals strengthening of course. Funny that the USD has lost its bid as the day has gone on. Shouldn’t that be a flight to safety?

Capt. Hook – yeah I think we’re on the same page as well. Theatre of the absurd, likely to cover up the real story on how they are probably screwing us in one form or another.

Gotta give it to Jeff Gundlach, he called it again with his long VIX, long gold scenario.

Finally, JNUG is saying screw the Comex price-which has been frozen for hours-and is

Posted by Richard640 @ 15:18 on August 10, 2017  

nearing its earlier morning high…I wanna see the DOW swoon this last hour–2 floor traders-as I write–on FOX BI, are breathlessly talking about buying amazon and other FANG stocks–and if stocks fall more they will be buying more…that’s been the thing to do so far…so far the correction in stocks has been a joke…meaningless for a DOW at 21,908…PAAS up 11.34%–any news?

Pan American Silver Corp. (PAAS) +11.34%

Wanka Address

Posted by Maya @ 14:42 on August 10, 2017  

From my bottomless file comes this:

j murphy
c/o conch coin
po box 5904
key west fl. 33045

 

 

Maddog

Posted by Captain Hook @ 14:40 on August 10, 2017  

You maybe right. I was looking at silver futures. Gold does not look as good (could be an a b c correction completing soon). What’s more, my view corresponds to a likely worsening COT situation that may need to be worked through now. This is why I like passive stacking, because such talk is moot. If it goes down — buy more.

Buygold — I hear you. I think we are on the same page. But at the same time I think it’s all Kabuki. China does not want to rock the boat until its handlers give it the OK. Who knows — that could be soon if stocks and bonds do top out this fall.

Cheers

 

Gold Chart, This Can Not Be A Coincidence, One Month Up One Month Down, Repeat

Posted by Mr.Copper @ 13:56 on August 10, 2017  

What are the central banks up to? Why would they do that?

http://schrts.co/XgByqT

Kabuki

Posted by Buygold @ 13:42 on August 10, 2017  

Tend to agree that this is all theatre, maybe just an excuse to let some air out of the SM. While I agree there’s not likely to be a war, it doesn’t appear there will be resolution either.

The China vs. India situation might actually breakout first.

Regardless, the shares aren’t really buying the rally so I don’t think we get past $1300 unless some shit really does hit the fan. Doubtful.

Captain Hook

Posted by Maddog @ 13:33 on August 10, 2017  

Re E wave…..what I see …both Au and Ag have done 5 up from July 17 lows and then 3 dn recently …this jump up shud be a mini 3rd and strong action cnfms.

That means the move from Jan ’16 to July ’17, was 1st and 2nd of 1st of Cycle 3rd…now we are in 3rd of 3rd of 1st of Cycle 3rd and action cnfms…so far.

In short doubt we see too large a correction for a while yet.

Cheers

Equisetum

Posted by Captain Hook @ 11:48 on August 10, 2017  

Great idea.

That said, be careful about buying here (especially the shares), because this recent bout of buying is the result of more North Korea Kabuki, where Kim is a CIA construct armed (nuclear) by the Clintons in the 90’s (for which they were well paid). Because this latest round of escalating Kabuki (to get speculators to buy more equity puts and justify their existence) should be over soon – again meaning be careful. (i.e. because there’s no way Trump or Kim will let nukes fly.) 

That said, if I’m not seeing things, silver just put in a bullish five-wave impulse (as a result of this latest rally) within the context of the extremely bullish monthly close last month, meaning once we have an a – b – c correction some time over the next month or so, it could (should?) be off to the races as we move into next year. 

Cheers

Post-it reminder, Thur 10th.

Posted by Equisetum @ 11:26 on August 10, 2017  

Stop for P. butter, pickles, milk, marg. listerine.  Pick up Ag rounds

 

http://www.kitcosilver.com/charts/24hoursspot.html

Maddog-I hope u r right–and, yes, the hands of the FED & PPT are definitely in

Posted by Richard640 @ 11:15 on August 10, 2017  

evidence–as I write I see they are trying to turn stocks and PMs–actually a rally now in stocks could turn out to be quite bearish if it fails and we get a good sell off the last hour or so…I am giving my JNUG every benefit of the doubt and lowered my stop to break even.

Richard640

Posted by Maddog @ 10:42 on August 10, 2017  

The PM shares are too thin to knock down, so u can buy, look at Nem the other day, or PAAS tdy…that’s what happens when u get serious buying. The shorts are dead meat here if they try to cover, they may as well get the short sword out, it would be less messy !!!

Their only hope is the scum, who are very much around sitting on the likes of Nem and GG, which stops the Hui getting any traction/headlines.

MADDOG=Comex gold just made a new high at 12.93–and JNUG is getting pounded–so are other gold stocks

Posted by Richard640 @ 10:15 on August 10, 2017  

same ole action but I think it’s not gonna work–are they shaking the tree so tha they can get long at a discount or is this just capping? My stop is set-I watch and wait–looks like stocks may not come back today–I think there’s a chance for a mini-black Monday as the traders in the Hamptons fret and pow-wow over the weekend.

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