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

Buygold @ 18:25

Posted by Mr.Copper @ 22:08 on December 26, 2017  

Yes the tax cuts won’t help the corporations. The tax cuts will help the US gov’t pay its bills, and help the US taxpayer support the gov’t, big business and the economy. They moved off shore to avoid US taxes and Labor prices. The tax cuts are to make them abandon China et al and relocate their facilities back here.

Yes it will help small corporations because, the ones that barely survived here with a 35% then a 20% tax is helps.

Re the grand prize is if the gov’t can get the money back? That’s just a skimpy media explanation for public consumption. Think about it. The media is implying there are $trillion bank accounts sitting over seas, and they want to move those bank accounts back here? What good is that? It makes no sense.

What they really mean is they will sell or abandon their over seas infrastructure or buildings, and rebuild their production facilities here. As for the effect on the lower tax effect on the US economy? They may have waited too long and or too gradual a transition or transformation. That would be deflationary if the economy stars slowing down again with their foot on the gas.

They started this transition very slowly after the ’08 crash during Obama and Trump had nothing to do with it. Getting Trump and his words or rhetoric involved is mostly for a psychological effect, and to speed up the process.

By the way, “China” announced they are clamping down pollution, targeting the Copper industry, that why Copper is doing well. Less supply. Its all in reverse. China’s turn to cannibalize themselves with make believe non productive gov’t and environmental jobs. Chin is also being modified to be an import economy. Meanwhile the Chinese president also has nothing to do with how their country gets changed.

Who needs who more? Sales and Service needs products to sell and service. Products don’t really need, can live without sales and service. Just go factory direct and throw it away if it breaks.

We buy from “China”, it brakes, we throw it away. When we made everything here? And our stuff was expensive? It was worth fixing locally. Many fix it jobs, even in peoples back yards, called cottage industry.

Business “startups”? I’ve seen many in the ’70s. From ’45 to ’75 minimum wage had a lot more buying power. Skilled folks earned far more than they needed, and built up savings accounts.

Later on they QUIT their job, took their skill with them, that they learned on that job, and started their own start up. 🙂 And competed with their old boss.

 

Hi Goldielocks

Posted by silverngold @ 20:27 on December 26, 2017  

Well I sure hope that Snopes is again guilty of altering the truth so it fits TPTB agendas. Truth or lie it has to come sooner or later. Hope your holiday season is all you hoped for, and all the best to you and all here at the Oasis for a very healthy, happy, and prosperous New Year, especially from Silverngold!

Sng

Posted by goldielocks @ 19:43 on December 26, 2017  

Unfortunately it’s false news originating form click bait site according to snoopes.

FWIW but if true couldn’t happen to a more appropriate guy. Merry Christmas George!

Posted by silverngold @ 18:51 on December 26, 2017  

Large trades at the close

Posted by Buygold @ 18:28 on December 26, 2017  

big blocks in GDX, GDXJ at the close. Bullish or bearish is anyone’s guess.

Mr. Copper, Farmboy

Posted by Buygold @ 18:25 on December 26, 2017  

That corporate tax cut probably won’t help most large corps. I’m sure as you already know most these corps like GE haven’t paid taxes (or very little) in a long time, maybe a decade. It will help small businesses though, especially the Sub-S corps that have been crushed for years by the gov’t and the large corps. The grand prize is if the gov’t can get the money back that has been parked overseas by the large corps. Whether they’ll put it back into our economy is anyone’s guess.

They may be over estimating the effect on the economy, I don’t know. I do believe it will be inflationary though.

Farmboy – JMHO but I think silver is about to have one of those 10% moves higher in less than a month.

 

Pat Buchanan Must Be Deaf Dumb And Blind re The Global Economy

Posted by Mr.Copper @ 14:27 on December 26, 2017  

The 35% tax rate was literally a gun to the head of US domestic manufacturing businesses, “told” we are going to tax the shit out of you. So you had better move your manufacturing operations over seas where we made it 20% to help pay your moving expenses.

The new 20% here, and they’ll probably make it a new 35% for over seas, and the reversal of global wealth proceeds back to the USA.

Why is Trump and the Media not explaining the 20% versus 35% tax situation like I just did? Because that would be confirming or admitting we have a global socialist gov’t deciding who gets “welfare” and who pays the global wealth tax.

We paid, 1975 to 2008, now were broke, they know it, and now they have to pay.

Always trying to go back to the “good old days” that they destroyed with Supply Side Ponzinomics.

Posted by Richard640 @ 14:05 on December 26, 2017  

Betting It ALL On The Anti-Christ

The Republican Party and its clown-in-chief exhibit the late stage dementia of an old age home. Always trying to go back to the “good old days” that they destroyed with Supply Side Ponzinomics.

In other words, their brains are as shriveled as their conscience, so they have no clue what’s coming…

But don’t take my word for it, just ask Pat Buchanan:
 
That is the last point upon which we both agree…
 
“By enacting the largest tax cut since the Reagan administration, the heart of which is cutting the corporate rate from 35 to 21 percent, Republicans have boldly bet the farm.”
 
Democrats, as the Party of Government, egalitarian and neo-socialist, have come to see their role as redistributing wealth from those who have too much — to those who have too little. For, as men (and women) are born unequal in ambition, ability, talent, energy, personality and drive, free markets must inevitably produce an inequality of results.”
 
Republicans see themselves as the party of free enterprise, of the private not the public sector. They believe that alleviating the burden of regulation and taxation on business will unleash that sector, growing the economy and producing broader prosperity“.
 
Where to begin. Let’s begin by realizing that Buchanan’s party of “free enterprise and broad prosperity” created the 2008 global financial crisis and subsequent Wall Street bailout. Leading up to that crash, Bush’s 2001 tax cut for the ultra-wealthy drove the non-war time deficit to record wide levels. The tax cut was all borrowed money, so there was no buffer left for recession. In addition, between 2000 and 2012, 17 U.S. factories per day were offshored as Bush-Cheney took post-911 corporate Shock Doctrine to level ’11’. During the ensuing crash, tens of millions of Americans were wiped out financially. Which led to human history’s largest printed money experiment, measuring in the tens of trillions of dollars. And a doubling in the U.S. debt. The fake wealth of the .01% soared at the expense of everyone else. 
 
Around here, one bad idea leads to an even worse one. So now, they’re back at the same formula all over again. Only this time there will be no bailout, and corporate debt levels are already at record high levels. The entire “recovery” since 2008 was borrowed money used for stock buybacks: 
Ponzoworld.com

Master Planners Lost Control After>>>Y2K>>>Dot-Com Bust>>>Nine Eleven

Posted by Mr.Copper @ 12:54 on December 26, 2017  

You can see it here with Copper prices. Under control, $1 +or- .50cents 1971 thro 2004. Now its $3.50 +or- $1.

http://www.mrci.com/pdf/hg.pdf

Question ??

Posted by Farmboy @ 12:29 on December 26, 2017  

Cant remember when the last time we had a ‘fund raiser’ here at the Oasis. Some of you Admin types have a finger on when we need to get our Webmaster some green? TIA

Not Bad At All !

Posted by Farmboy @ 12:24 on December 26, 2017  

Considering today is Futures Options Expiry for Gold & Silver, things are looking a little brighter.

Clinging to my SLV calls for March and hoping the pain is temporary. Its gonna either be bust or boom for this gunslinger. Guess I will find some relief one way or another. Being a goldbug, hope springs eternal. 🙂

Ipso

Posted by Buygold @ 11:47 on December 26, 2017  

AG has had a pretty tough couple of years but I like the CEO Neumeyer. All of these shares can be fixed with some higher metal prices.

See if we can get up to 195 HUI today. The boys must be on vacation because GG and NEM are up on the same day. That’s a rarity.

Buygold

Posted by ipso facto @ 11:41 on December 26, 2017  

If I was holding AG I wouldn’t be worried a bit. I’m surprised it hasn’t come back faster.

Ipso

Posted by Buygold @ 11:09 on December 26, 2017  

me too, it’s been a long time in the making.

I’m glad to see the HUI above 185 again and hope to see a successful challenge at 200-220, the on its’ way to 600 again.

I see AG is starting to creep back up after the BMO downgrade.

Avert your eyes

Posted by ipso facto @ 11:03 on December 26, 2017  

I said avert your eyes! 🙂

23381956499_91620533ac_b

http://www.zerohedge.com/news/2017-12-25/12-dicks-christmas

Impact flying again

Posted by ipso facto @ 10:58 on December 26, 2017  

http://stockcharts.com/h-sc/ui?s=ISVLF&p=D&b=5&g=0&id=p30978094754

Buygold

Posted by ipso facto @ 10:39 on December 26, 2017  

Looking forward to it! emoji_1f601

Ipso

Posted by Buygold @ 10:35 on December 26, 2017  

I guess we’ll know it’s our year when we see the HUI start to make 5-10% moves higher in a day and everyone is afraid to chase.

Canadian Markets Closed Today

Posted by ipso facto @ 10:16 on December 26, 2017  

•Boxing Day – Tuesday, December 26, 2017

Gold, So Far So Good

Posted by Mr.Copper @ 10:12 on December 26, 2017  

Posted Dec 7th:

GOLD, TWO YEARS IN A ROW, LATE DECEMBER BOTTOM

Trek Mining merges, now trades as Equinox Gold

Posted by ipso facto @ 10:05 on December 26, 2017  

Trek Mining (TSX-V:TREK), NewCastle Gold (TSX:NCA) and Anfield Gold Corp (TSX-V:ANF) have combined their businesses to create Equinox Gold, a Canadian mining company now trading on the TSX Venture Exchange as “EQX.”

Within the terms of the merger, Trek is now Equinox, Anfield shares have ceased trading by way of a trading halt and NewCastle shares are expected to be de-listed shortly.

The new company based in Vancouver will focus on finishing construction of the Aurizona Gold Mine, a past-producing open-pit operation occupying a 2,250 km2 land package in the Maranhão state of north-eastern Brazil.

cont. http://www.mining.com/trek-mining-merges-now-trades-equinox-gold/

Buygold

Posted by ipso facto @ 10:00 on December 26, 2017  

Amen to that! I have a feeling 2018 will be our year.

Good start

Posted by Buygold @ 9:37 on December 26, 2017  

in a thinly traded week. Hopefully the tax loss selling has about cleared up and we are going to see some accumulation.

Go to Top

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