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

Gold monthly continuation

Posted by redneckokie1 @ 23:40 on June 6, 2018  

Still showing higher lows from December 2015. THE TREND IS STILL UP !!!

 

rno

There will be no stock correction, only a continued and merciless destruction of the currency

Posted by Richard640 @ 23:31 on June 6, 2018  
van_down_by_river 
Jun 5, 2018 at 3:22 pm

one word: devaluation

are stocks overvalued or is currency overvalued and those holding it starting to panic out of their currency holdings?

Your recency bias gives you the impression that your dollars still have value and it should take fewer to buy AAPL – but your impression is wrong.. Buy whatever you can for whatever it costs because the price is just going up. Cash is trash.

*********************************************
van_down_by_river 
Jun 5, 2018 at 3:10 pm

“Most developers love Git and they all love distributed versioning because it really works well”

Many of us “love” lots of things. I love chicken mole but I wouldn’t pay $7.5 billion or even $288 for it.

No matter, stocks will continue to rocket higher because there is so much currency sloshing around the globe desperate to purchase anything of any value before the currency becomes worthless. The S&P 500 will likely surpass 3000 in the next month or two and targets will be immediately raised to 3500 for year end.

Based on the return you can earn on investments, all assets could be considered overpriced. But, based on the fact that the push to devalue currencies is accelerating, assets are underpriced.

This time is different because there is a worldwide push to drastically devalue major currencies and wealthy people are unloading their cash for whatever they can get – those are the cold hard facts.

This time it’s different

Posted by Richard640 @ 23:25 on June 6, 2018  

FANGMAN Stocks Are Not a Bubble, Pleads Goldman Sachs—[125 READER COMMENTS BELOW]

This time, it’s different, say the strategists. So we’ll take a look.

In the bewildering wilderness of the most hyped Wall Street acronyms, we’re going to stick to FANGMAN – Facebook, Amazon, Netflix, Google’s parent Alphabet, Microsoft, Apple, and Nvidia – for the special moment. And the special moment is that the Nasdaq, or more loosely “tech stocks,” closed today at a new high.

But don’t worry. With regards to tech stocks, no matter how high they’ve soared, there is no bubble, based, believe it or not, on fundamentals, Goldman Sachs strategist Peter Oppenheimer and Guillaume Jaisson pleaded in a note, cited by Bloomberg. And the fun is going to continue, the said. And it’s different this time:

FANGMAN Stocks Are Not a Bubble, Pleads Goldman Sachs

Wells Fargo Profits Plummet Amid Fraud Scandals And Added Competition. Is The End Near For Wells Fargo?

Posted by Richard640 @ 22:46 on June 6, 2018  

 

 

Wells Fargo Profits Plummet Amid Fraud Scandals And Competition

FYI

Posted by Richard640 @ 22:01 on June 6, 2018  

Banks are on the brink of cracking a critical level

Published 4:15 PM ET Tue, 5 June 2018

Trader sees trouble brewing for the financials

Trader sees trouble brewing for the financials  3:02 PM ET Tue, 5 June 2018 | 03:23

https://www.cnbc.com/2018/06/05/banks-are-on-the-brink-of-cracking-a-critical-level.html

Ponzi World

Posted by Richard640 @ 21:59 on June 6, 2018  

Ironically, the sectors that Trump has “helped” the most via deregulation are performing the worst:


“The chart of the financials has reached a very precarious level, according to TradingAnalysis.com founder Todd Gordon.”


http://ponziworld.blogspot.com

Europe lends America muscle in South China Sea

Posted by ipso facto @ 21:59 on June 6, 2018  

Enter Europe into the escalating contest for supremacy in the South China Sea.

In what could be a seismic shift, France and the United Kingdom (UK) have indicated their commitment to prevent any single nation, namely China, from dominating a vital sea line through which over US$5 trillion of trade travels every year.

http://www.atimes.com/article/europe-lends-america-muscle-in-south-china-sea/?cn-reloaded=1

Goldi–I’m talkin some big time gloom and doom–here are some ZH readers comments:

Posted by Richard640 @ 21:41 on June 6, 2018  

We never came out of recession . When 100,000,000 Americans aren’t working and are no longer counted as unemployed how can there be a recovery ? The Federal Reserve printing presses did all the magic q-eternity and now the end is near. Crash and burn baby !

*****************************

All of the bears are right, fundamentally, but the fundamentals matter only when people are scared. We need a catalyst that spooks the complacency. When it happens this will get very ugly with very little notice, and the buy the dippers are going to get castrated and there might be blood in the streets – it will be awful

********************************

Until the monetary system collapses, and judging by what is happening in the emerging markets (32% of world GDP, 44% of world trade) that is not going to be very long. Turkey, Brazil, Argentina, Venezuela, South Africa, Mexico, and most of the ME are already experiencing it. The developed economies will suck the wealth out of the rest of world, and then die. It is the cannibalization process that we projected would take place 6 years ago, and it is happening right now!

McEwen’s protégé……..

Posted by overton @ 20:30 on June 6, 2018  

“There is an old saying in mining that you shouldn’t invest in a country if they don’t wear winter jackets”

Ian Ball writes a letter to shareholders…………………this is how I like to treated as a shareholder and the share count is still declining.

http://www.abitibiroyalties.com/investors/letter-to-shareholders/may182018/

 

 

Richard lol

Posted by goldielocks @ 18:14 on June 6, 2018  

Your really on a roll lately. Hope it’s paying off for you. I’m looking at this whole thing like we’re in a house of cards that is about to collapse but just don’t know when. Looks like calif gonna get pretty ugly too. There voting in the same pos including Waters. Feinstein had no known competitors and Pan not in my district competitors don’t look so hopeful. Now we’re gonna have DAs and Senators calling their 1st 2nd and 3 rd cousins in Mexico to come over we’re in power now and direct them to fake IDs while their at it lol

FYI

Posted by Richard640 @ 17:24 on June 6, 2018  

“Larry Kudlow labels this the ‘prosperity era’. Rather, it is the mother of all credit expansions. The debt bubble this cycle makes a mockery of 2003-07. We know how these end. Only pigs wait for the peak.” … David Rosenberg

 

Aaron Persky … judge in Brock Turner case recalled by voters

Posted by ipso facto @ 16:40 on June 6, 2018  

https://www.huffingtonpost.com/entry/aaron-persky-brock-turner-judge-recalled_us_5b102d65e4b05ef4c22c1b8b

banks are strong today….WFC-C-JPM–GS ETC

Posted by Richard640 @ 14:09 on June 6, 2018  

—the tidal energy of the market sloshes around from sector to sector…the water never leaves the pool…t’is awesome…we are on a permanent plateau of prosperity etc

The road to prosperity is paved with fiscal profligacy
*************************************************
The road to pauperdom is paved with fiscal rectitude

Mayday! Mayday!

Posted by Richard640 @ 14:01 on June 6, 2018  

Another 11,714 June 15th SLV $16 calls bought today [12,000 bought yesterday]–open interest is 44,761–incredible! eom….over and out!

winedoc @ 11:34. No comment on the Scotiamocatta

Posted by Equisetum @ 12:10 on June 6, 2018  

news item because I deal solely with a local dealer.  But I just wanted to say how good it is to have a fellow-Cannuck still posting here from time to time.  Best wishes from this coast to your coast.  Equiz

Winedoc

Posted by goldielocks @ 12:03 on June 6, 2018  

This was from last year if applies going in blind lol
https://www.google.com/amp/s/amp.ft.com/content/4cb73a06-b3dd-11e7-a398-73d59db9e399

Winedoc

Posted by goldielocks @ 12:01 on June 6, 2018  

You know more about this place but see if this helps. Read another story involving laundering by a US refinery from South America they had problems put it up for sale back when.
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/exclusive-scotiabank-reworks-scotiamocatta-metals-142746034.html

Whoa !! Scotia online Metal sales suspended without any warning

Posted by winedoc @ 11:34 on June 6, 2018  

screen-shot-2018-06-06-at-12-31-16-pm

Back to Kitco I go,  I guess

Scotia had little bit of a premium over Kitco,  but was safe secure and reliable

Any Canucks care to comment ??  Or anyone else for that matter  🙂

Winedoc

 

Posted by goldielocks @ 11:07 on June 6, 2018  

Quite a few republicans held their own in pocket areas but for the most part these poc getting in or staying in will just get worse. I can see more people leaving.

and the nightmare continues

Posted by Buygold @ 11:05 on June 6, 2018  

same shit, different day

Mr Cooper

Posted by goldielocks @ 10:52 on June 6, 2018  

Or Saudi Arabia so why don’t these countries get involved? Cutting off supplies it a pretty serious thing for the people there.

ipso facto re US Debating Whether To Expand Military Presence In Yemen

Posted by Mr.Copper @ 10:06 on June 6, 2018  

I think we all need to brainwash ourselves, to think, when we hear the words US or USA, we need to think Big Businesses, Europe and Israel. For example Headline S/B……

Big Businesses, Europe and Israel Debating Whether To Expand Military Presence In Yemen, via USA. 

Morning Maddog

Posted by Buygold @ 10:05 on June 6, 2018  

Yep. USD getting spanked, gold up a whopping $4, silver looks better but you can see the scum starting to come after it already – no doubt intending to push it back below a 1% gain.

Shares look like crap. Another day in the swamp

scum hard at it

Posted by Maddog @ 9:59 on June 6, 2018  

Gold takes out $1300 and Nem keeps falling….down 0.4 % !!!!!!!

The barstewards never rest.

Going down the tubes

Posted by ipso facto @ 9:54 on June 6, 2018  

South Africa’s economy contracts most in nine years on mines

(Bloomberg) — South Africa’s economy contracted the most in nine years in the first quarter of 2018 as mining and factory output fell.

Gross domestic product shrank an annualized 2.2 percent in the first quarter of the year compared with the prior three months, Statistics South Africa said in a report released Tuesday in the capital, Pretoria. However, when measured against the first quarter of 2017, the economy expanded 0.8 percent.

http://www.mining.com/web/south-africas-economy-contracts-nine-years-mines/

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