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

A few minutes ago the spread widened for a brief second in gold to over $11

Posted by Alex Valdor @ 21:56 on July 17, 2018  

didthesystemcollapse.com

But the relative spread in silver is much more concerning .

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

Posted by Ororeef @ 21:21 on July 17, 2018  
FEATURE

Marc Hochstein and Ian Allison
Jul 17, 2018 at 11:00 UTC  |  Updated  Jul 17, 2018 at 20:37 UTC

The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression.

Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed one-for-one with U.S. dollars held at a Nevada-charted trust company called Prime Trust, which in turn will deposit the cash at banks insured by the Federal Deposit Insurance Corp.

New York City-based Signature Bank was originally expected to be providing the federally insured backing of the stable coin, but it appears to have backed out of the partnership at the eleventh hour, according to IBM.

IBM is partnering on the initiative with Stronghold, and said it will explore various use cases for the token with its financial institution clients.

“What we really want to do is enable all sorts of digital transactional networks to settle their transactions with digital fiat currency on the same blockchain networks,” Jesse Lund, IBM’s head of blockchain services for financial institutions, told CoinDesk.

Stronghold acts as an “anchor,” or on- and off-ramp, to the Stellar network. The startup will issue the digital asset, which represents a claim on U.S. dollars deposited with Prime Trust and ultimately insured by the FDIC, the U.S. agency created in 1933 whose sticker on the doors of bank branches has long reassured Americans their money is safe.

“The process for seamlessly managing and trading assets of any form from digital to traditional currencies, needs to evolve,” said Stronghold’s co-founder and CTO, Sean Bennett, in a release. “Asset-backed tokens can provide seamless access to all currencies, improving the global movement of money.”

As such, the project represents one of several recent efforts to tokenize fiat currency in order to make transactions as fast and frictionless as crypto but without the volatility. The first use cases IBM will pursues will be around cross-border payments in the form of remittances and small-scale foreign exchange transactions.

The stablecoin is now available to institutional clients and IBM aims to “put it to use as quickly as possible,” Lund told CoinDesk, adding,

The Past has shown that Bit Coins moves have Preceded moves in GOLD

Posted by Ororeef @ 21:06 on July 17, 2018  

If its too volatile for you ,dont do it ,but for traders and risk takers its getting active  again..

If commissions are too high you might try Robinhood brokerage where the fees are zero,but they dont pay interest on idle money ….I dont know much about them ,but so far they been ok in a test ..

BIT COINS incredible gains compared to the DOW! and tradable through any broker

Posted by Ororeef @ 20:55 on July 17, 2018  

bitcoins-a1

These quotes are from TDAmeritrade

goldielocks

Posted by ipso facto @ 18:08 on July 17, 2018  

Yeah the top people are making out like bandits … “bandits” Hmmm

gtg

Ipso 15:51

Posted by goldielocks @ 18:03 on July 17, 2018  

So instead of giving raises they buy back their stock as it rises on good economic date then cash out.

Who’d a thunk it!

Posted by ipso facto @ 18:02 on July 17, 2018  

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian scientists from Laurentian University have found that waterbodies impacted by decades of mining activity could be a potential new source of antibiotics.

The group, led by Dr. J.A. Scott, a bioengineering professor, examined lakes and rivers located within five kilometres of abandoned Northern Ontario mine sites. The goal was to determine whether those stressed environments could produce algae with antibiotic properties.

The results, published in a recent issue of Phycologia, a journal that features research on algae, showed that, when tested against Staphylococcus aureus (a common, naturally occurring bacterium that can cause infections of the skin, lungs, brain or blood), 38% of the algae found near closed mines was effective against it. And their antibacterial property was stronger than what’s been uncovered in previous research.

Lakes, rivers near abandoned mine sites likely source of antibiotics

CEOs are dumping stock in their companies. Here’s what that means

Posted by ipso facto @ 15:51 on July 17, 2018  

Companies have announced them this year at a rate of more than $5 billion a day. The buyback boom has been viewed by investors as a sign of confidence among CEOs.
Yet with their own money, executives are quietly taking a much different approach: They’re cashing out.

https://money.cnn.com/2018/07/17/investing/insider-selling-stock-market-buybacks/index.html

There Sure Are A Lot Of Strange Things Going On.

Posted by Mr.Copper @ 15:18 on July 17, 2018  

PUTIN, TRUMP MEET. CANCEL COLD WAR MARK II

Posted by treefrog @ 14:08 on July 17, 2018  

wewon%27tbarryyou1

democrats, neocons, assorted other warmongers freak out.  military industrial complex redacts dividends!

37340534_1775786975791243_6873073466132660224_n

Save

Stay tuned

Posted by deer79 @ 13:43 on July 17, 2018  

For tomorrow’s episode of the 10 year popular soap opera, “As the Gold Drubbing Turns.”

Portugeezer

Posted by goldielocks @ 12:59 on July 17, 2018  

From what I read Bitcoin is in the hands of more than one person in different countries. That one person can’t control it all or something to that effect. It’s rather a mystery for good reason.
I think the difference between that and all the hands that manipulate currency is that it doesn’t directly affect them like it would if they pulled the plug on Bitcoin. Although the difference between them on the other end less they have some automatic system people don’t live forever so what will happen to it then?

What Bitcoin is trying to tell you

Posted by eeos @ 12:34 on July 17, 2018  

Is that there’s a lot of stupid gullible people out there in the world who are investing in something that has no reasoning meaning or logic. They want on the train just because they think it’s speeding away to some distant station. Modern-day Fool’s Gold. And how do we know that some government or Central Bank did not start this system and wants everybody forced into it?

Ororeef you sound pretty confident

Posted by Portugeezer @ 12:10 on July 17, 2018  

We are talking about a computer program based on algorithms written by somebody we don’t know!  The original programmer holds a huge number of bitcoins.

One day, any day, he could flick a switch, or press a combination of keys and all the value could be transferred elsewhere.  What do you do?  You might find out who, where, what and how, but ask those that have already been robbed if they had any luck getting their funds back.

Not for me.

Rich

Check Out All The Deflation Going On The Past Month

Posted by Mr.Copper @ 12:05 on July 17, 2018  

https://finviz.com/futures_performance.ashx?v=13

What is the Strength of BIT COINS trying to tell us ?

Posted by Ororeef @ 11:50 on July 17, 2018  

Can you do a buy back of your stock ? Can you short it ? Can you water it down ? Can you deflate it ?,inflate it ?

Can a Central Bank manipulate its value to get trade advantage ?  ALL these vices we have become accustomed to would be GONE ? Can your savings be destroyed by Bankers ?  Its no wonder they cant kill it !    It goes Hand in Hand with Blockchain the part that eliminates the need for the middleman bankers …

Portugeezer

Posted by goldielocks @ 11:13 on July 17, 2018  

Right on Hillary but Trump didn’t need any boosting because he was the only canadate that spoke for the country not the club.
The GOP was finished which took up after the tea party and soon after it was business as usual. There are GOP and conservatives, not the same thing nor can you compare GOP much to constitutionalist.
The Demos who thought they had the election in their pocket were laughing at Trump until he won.
One of the reasons they thought they had the election in their pocket was the Republican Party slash GOP was so ineffective at stopping anything the Demos were doing and as we seem some even siding with them including with our borders.
They were too worried about their own elections and donors to stop the mess being created nor appeared to care. There was no trust they would change anything.

Trump effectively revived the party but they are still ineffective. Like those who didn’t vote because of Bernie rigging and Bernies free stuff and open borders and abortions, which wouldn’t of been free who did not like Hillary and club in her own party. Many repubs and certain amount independents along with Demos in the middle who realized Obama was a big mistake would of not voted if Trump did not win the primaries because there was little difference between the two.

I have a Great IDEA

Posted by Ororeef @ 11:12 on July 17, 2018  

we should move the Capital from DC to Alaska ,north of the Arctic Circle ..that way congress can only stay in session for 3 months of the year as the Founders designed it. The weather will solve that problem …ALL the Parasites that congregate around the Political   Center of Power looking for something for nothing the Lawyers ,the Lobbyists would all be forced to leave after 3 months because in Alaska you become self sufficient and prepare or you die from the weather …Thats PERFECT   no hangers -on,NO Parasites looking to live off someones elses labor and food..NO new LAWS designed to steal the fruit of your Labor .OUT of SESSION for 9 months  WHAT a blessing that would be..!

If I were Putin

Posted by Ororeef @ 10:50 on July 17, 2018  

Id be very worried about who comes to power in the US..there are so many radicals and leftists ,antifas Anarchists ..its no wonder he wants to know who is running for office and and how radical they are.  Can you imagine how somebody like this guy Strzok got to be second highest in Law enforcement ,he could have leveraged that to run for President .I watche d him testify and the GUY is scary ,he exhibits all the signs of paranoid schizo phrenia .He screams adamantly that he is the only one that’s NOT biased .His eyes roll back in his head,his mouth twitches spasmodically ,his response is so quick in a defensive manner typical of someone mentally deranged and paranoid .Iv seen this before in mental cases ,they are hyper fast to defend themselves .If you watch old movies of Hitler he had the same mannerisms while speaking ,his eyes roll back in his head ,his face contorts and twitches ,his fingers tremble uncontrollably.This guy was put into a position of Great Power by the Radical Leftists from the Democrat Party .WE were one step away from him running for office….Thats frightening….Its no wonder Putin wants to know whats going on in American Politics ..I would be scared to death of the Democrats taking Power if I were him.When they dont get their way they accuse you of being a HATER ,anti GAY,anti women,anti immigration,anti children and if that dont work your a RACIST…Can you imagine from Putins point of view how scary that is with the possibility of a President calling him names ,a Hater ,a RACIST  ?  I expect he would respond violently ! You better believe he wants to know what s going on in American POLITICS.Thank GOD for Trump ..That was divine intervention….!

Gives me hope for the future. Eff the warmongers!

Posted by ipso facto @ 10:41 on July 17, 2018  

Pat Buchanan: “Trump Calls Off Cold War II”

Beginning his joint press conference with Vladimir Putin, President Trump declared that U.S. relations with Russia have “never been worse.”

He then added pointedly, that just changed “about four hours ago.”

It certainly did. With his remarks in Helsinki and at the NATO summit in Brussels, Trump has signaled a historic shift in U.S. foreign policy that may determine the future of this nation and the fate of his presidency.

He has rejected the fundamental premises of American foreign policy since the end of the Cold War and blamed our wretched relations with Russia, not on Vladimir Putin, but squarely on the U.S. establishment.

In a tweet prior to the meeting, Trump indicted the elites of both parties: “Our relationship with Russia has NEVER been worse thanks to many years of U.S. foolishness and stupidity and now, the Rigged Witch Hunt!”

Trump thereby repudiated the records and agendas of the neocons and their liberal interventionist allies, as well as the archipelago of War Party think tanks beavering away inside the Beltway.

Looking back over the week, from Brussels to Britain to Helsinki, Trump’s message has been clear, consistent and startling.

NATO is obsolete. European allies have freeloaded off U.S. defense while rolling up huge trade surpluses at our expense. Those days are over. Europeans are going to stop stealing our markets and start paying for their own defense.

And there will be no Cold War II.

We are not going to let Putin’s annexation of Crimea or aid to pro-Russian rebels in Ukraine prevent us from working on a rapprochement and a partnership with him, Trump is saying. We are going to negotiate arms treaties and talk out our differences as Ronald Reagan did with Mikhail Gorbachev.

Helsinki showed that Trump meant what he said when he declared repeatedly, “Peace with Russia is a good thing, not a bad thing.”

On Syria, Trump indicated that he and Putin are working with Bibi Netanyahu, who wants all Iranian forces and Iran-backed militias kept far from the Golan Heights. As for U.S. troops in Syria, says Trump, they will be coming out after ISIS is crushed, and we are 98 percent there.

That is another underlying message here: America is coming home from foreign wars and will be shedding foreign commitments.

Both before and after the Trump-Putin meeting, the cable news coverage was as hostile and hateful toward the president as any this writer has ever seen. The media may not be the “enemy of the people” Trump says they are, but many are implacable enemies of this president.

Some wanted Trump to emulate Nikita Khrushchev, who blew up the Paris summit in May 1960 over a failed U.S. intelligence operation — the U-2 spy plane shot down over the Urals just weeks earlier.

Khrushchev had demanded that Ike apologize. Ike refused, and Khrushchev exploded. Some media seemed to be hoping for just such a confrontation.

cont. https://www.zerohedge.com/news/2018-07-17/pat-buchanan-trump-calls-cold-war-ii

Everything is going great for the mining companies

Posted by ipso facto @ 10:27 on July 17, 2018  

…except that the prices for gold and silver suck.

Osisko Delivers Positive PEA for Windfall Project

Posted by ipso facto @ 10:25 on July 17, 2018  

TORONTO, July 17, 2018 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation”) is pleased to announce positive results from the independent Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 at its 100% owned Windfall Deposit located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec, 115 kilometres from the town of Lebel-sur-Quevillon and its 100% owned Osborne-Bell Deposit, located 17 kilometres northwest of the town of Lebel-sur-Quévillon, Québec. The PEA provides a base case assessment of developing both the Windfall and Osborne-Bell deposits as underground ramp-access mines with a central gold processing mill in Lebel-sur-Quévillon, Québec.

https://ceo.ca/@nasdaq/osisko-delivers-positive-pea-for-windfall-project

IMPACT Silver Discovers New Zone at San Ramon Mine, Mexico – Initial Results include 2.04 meters of 661 g/t Silver and 4.97 meters of 354 g/t Silver

Posted by ipso facto @ 10:24 on July 17, 2018  

https://finance.yahoo.com/news/impact-silver-discovers-zone-san-133000829.html

Lundin Mining Announces Intention to Make All Cash Offer to Acquire Nevsun Resources Ltd.

Posted by ipso facto @ 10:14 on July 17, 2018  

TORONTO, July 16, 2018 (GLOBE NEWSWIRE) — Lundin Mining Corporation (TSX:LUN) (Nasdaq Stockholm:LUMI) (“Lundin Mining” or the “Company”) announced today that it intends to make a formal offer (the “Offer”) to acquire all of the issued and outstanding common shares (“Shares”) of Nevsun Resources Ltd. (“Nevsun”) for cash consideration of C$4.75 per Share (the “Offer Price”).

The Offer Price represents a significant premium of 82% to the closing price of C$2.61 on February 6, 2018, the date of the first offer to Nevsun related to our interest in acquiring Timok. This is a 33% premium to the closing price of C$3.58 per Share on the Toronto Stock Exchange (the “TSX”) as of April 30, 2018, the date of Lundin Mining’s previously announced prior proposal to Nevsun and a 40% premium to the volume weighted average trading price of C$3.35 per Share on the TSX over the 20 trading days ended April 30, 2018. The Offer Price values Nevsun at an equity value of approximately C$1.4 billion (US$1.1 billion).

cont. https://ceo.ca/@nasdaq/lundin-mining-announces-intention-to-make-all-cash

Copper trains ransacked by ‘Moles’ in full-moon desert heists

Posted by ipso facto @ 10:08 on July 17, 2018  

On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo (180-pound) slabs of copper to the ground and disappearing into the dark.

It’s a tactic known as “the cat” and the robbers are “moles” because no one knows where they come from or where they hide their loot. What’s worse for the mines that dot the desert, the robberies are becoming more common and more audacious.

Copper trains ransacked by ‘Moles’ in full-moon desert heists

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