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

No BG, throw in the towel now! If you don’t, I will and lose my 25 year goldbug medal and die a pauper while the dollar dies too.

Posted by macroman3 @ 23:32 on August 2, 2018  

$5000 AU the day either of us capitulates…

Buygold, don’t throw in the towel yet on the PM equities. There are still some around that still deserve some respect, like the one linked below.

Posted by Equisetum @ 23:06 on August 2, 2018  

https://stockcharts.com/h-sc/ui?s=KL.TO&p=D&b=5&g=0&id=p85255573583

From Acting Man:

Posted by Richard640 @ 21:53 on August 2, 2018  

We know that at some point in the future, not tomorrow and not this year, but some point, the time for being a government creditor will over. Their unpayable debt will come tumbling down, and with it the currencies back by this debt.

 

This is what often happens at the “too late” or “almost too late” point… [PT]

 

But today is not that day. Today, we want to know when gold will have another run up. The price hit a high of $1365 in early April. Now it is over $140 lower. That’s no fun (even for us).

The Future Is Here Today

From ZH re: job report

Posted by Richard640 @ 21:34 on August 2, 2018  
I have no idea who these entities “survey”, but no one I know is hiring except at minimal wages.
These stats are always all about surveying favoured “big companies” anyway…while most of us work (IF we work!) in small businesses…
********************************************

15 years ago- when the population was 20% smaller- the govt said that the US needed to add 300K/month to keep up w/population growth- now 215K added is good #?

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

If employment is so good and the labour market is so tight then why is the labour participation rate at 62.9%?

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

It will soon be at 0%, with 100 million US citizens completely out of the labor force, 78 million working gigs and 42 million on food stamps since they only work part time.

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

Yup, completely ignored.
All perception no reality in this cotton candy confection.
Ignore no Gold Standard, ignore Trillion$ in debt, ignore the homeless.
Everything is Awesome!  Just keep telling yourself that, and stocking P.M.’s, etc.
*********************************************
https://www.zerohedge.com/news/2018-08-02/july-nonfarm-payrolls-preview-all-eyes-wages

Mr Copper

Posted by goldielocks @ 21:21 on August 2, 2018  

Your right about tax absorbing jobs. When the economy is doing better it takes the pressure off cutbacks on these jobs. There was a time after the big crash even police officers were getting laid off.
Because their cronie bosses were telling them to go out and steal from the citizens and kangaroo courts to go get money or fill their jails when that happened no one felt sorry for them. It also created cop hate groups still going on today.
The tax dependent jobs can eat the people that support them. I remember few years back there was a cop on the freeway standing there holding a radar about every two blocks another then another or had someone pulled over.
Road blocks set up everywhere on the guise they were looking for drunk drivers while towing cars with late tags or lost driver licenses because they were broke too couldn’t afford to pay on and on. Then bragging about it causing more job loss cuz they couldn’t get to work.
That enabled the Illegals to get drivers licences because not having one because they weren’t supposed to be here they towed their cars.Citizens no help but illegals got it. However will be harder to walk away from a accident they caused like they did because they couldn’t be identified. All that revolved from it further giving reasons to come here illegally.
Now they’re automatically registering them to vote when they get their license.
They don’t need layers and layers of tax dependent jobs. TSA should be hired by the airlines. The Gov uses them to rob citizens too and if it isn’t a security threat any cash they carry should be notb.
When economy is better all is good. When it isn’t the Gov cannibalizes itself.
Then we have characters like Mueller who if we’re any other lawyer would be disbarred.

goldielocks @ 16:24

Posted by Mr.Copper @ 20:39 on August 2, 2018  

You’re right on all that. I think we’re lucky things are this good. 🙂

Posted by Mr.Copper @ 19:41 on August 2, 2018  

re your “We are under 2% unemployment locally. Since half our business is gov’t related, I can tell you the gov’t budgets are off the charts and money flows like water.”

To me that means its an artificial economy. Taxpayers supporting tax absorbers. We, the country, needs to make a net profit selling American made goods overseas, and profiting off of them, instead of off each other. We have been cannibalizing ourselves for decades, living off each other.

If real estate or stocks crash, that could start a slowdown.

In California

Posted by commish @ 19:26 on August 2, 2018  

38156612_2071689972843207_1127124990429233152_n

Buygold

Posted by goldielocks @ 19:25 on August 2, 2018  

Even if they wanted to destroy Trump which I don’t know why because the economy is doing better now since Trump negotiations with businesses and trade, taxes are lower and some jobs came back with it Obama said would never happen ” those jobs aren’t coming back” said the cluless jerk and probably enjoyed saying it as it’s apparent he wanted doom and gloom. Now he’s in play again so can only guess what his argument would be about more division, open boarders, you don’t need a ID to vote if your not a citizen while toting Russia interference and things that don’t matter. If the illegals who are the real interference including harrassing citizens voted republican they would have ID and that wall built yesterday.
Even then, other countries with currency issues wouldn’t want it either.

R640

Posted by Buygold @ 18:47 on August 2, 2018  

Yes. The rising rates on Gov’t debt has to be killing the deficit Bush and Obama blew up during their terms. If the Globalist, Neocon, Rothschild banksters want to destroy Trump they can easily do it by raising rates on debt he didn’t create.

I have no doubt they will.

Thanks overton for the correction @14:00, Sheba, not Cleo. Should do research instead of off the cuff…

Posted by macroman3 @ 18:24 on August 2, 2018  

Chuck is a Fipiker compared to his partner Stu for donations to higher learning. Yes Chuck gave $6 mil and 9.1 mil to UBC but Stu had doled out over $130 mil. Pretty generous.

They met when Chuck was stranded on a mountain for a week until Stu flew into rescue him. Strange that fate…

Mr. Copper

Posted by Buygold @ 18:18 on August 2, 2018  

I do think that is true about raising rates so they can cut them later.

What I don’t think is true is that the US Economy is going into recession anytime soon.

I’m out on the ground in the real economy and I can tell you that where I am, work is plentiful and there is a labor shortage. We are under 2% unemployment locally. Since half our business is gov’t related, I can tell you the gov’t budgets are off the charts and money flows like water. I do expect that the private sector may slow a little due to rising rates and availability to capital, but that is coming off huge expansions. Unless rates really spike, I expect it to continue at a slower pace.

If there is another meltdown, it will have to originate somewhere else and IMHO be the result of some type of systemic bank failure – or something else- that spreads to the US.

I don’t see it. War seems to be on the shelf a bit with Trump, but it’s not that war matters to gold anyway.

All systems are go for the US IMHO.

Got gold? But now we seem to have turned that logic on its head, with fiscal stimulus ramping up in the best of times, when unemployment is low, stock prices high and inflation stirring.

Posted by Richard640 @ 18:13 on August 2, 2018  

New Age Fiscal Stimulus Is Unprecedented — And Ominous

In a normal business cycle, the economy expands for a while and businesses hire lots of new people at somewhat higher wages, generating enough 

tax revenue to shrink the government’s budget deficit – and in rare cases produce a surplus. So, for a while, the government borrows less money. 

Not this time. The current recovery is nearly ten years old and the labor market is so tight that desperate companies are trying all kinds of new tricks 

to attract workers – including higher wages. 

Yet the US just announced its intention to borrow $1.3 trillion in this fiscal year, the most since the depths of the Great Recession. 

And this isn’t a one-shot deal. Trillion-dollar deficits are now projected for as far as the eye can seeIt’s useful to note that even Keynesianism, generally the most debt-friendly (or debt-oblivious) school of economic thought, views deficit spending as 

a cyclical stabilizer. That is, in bad times governments should borrow and spend to keep the economy growing while in good times governments 

should scale back borrowing – and ideally run surpluses – to keep things from overheating. 

But now we seem to have turned that logic on its head, with fiscal stimulus ramping up in the best of times, when unemployment is low, stock prices 

high and inflation stirring. New Age fiscal policy seems to call for continuous and growing deficits pretty much forever. 

New Age vs Keynesian fiscal policy  new age fiscal
As I said, unprecedented and definitely ominous. 

http://www.shtfplan.com

Buygold re US is the only major nation in the world raising rates

Posted by Mr.Copper @ 16:52 on August 2, 2018  

Guess why? They must know a slowdown will pup up, so they are raising them, so they can lower them later for a psychological boost. 🙂

Goldmoney

Posted by commish @ 16:40 on August 2, 2018  

Been with them many years.  No problem.  Via the telephone prompt and answered any questions I might have.  Had some dental work done (implants) and needed some funds. Had the dollars transferred to my bank account in 24 hours.

Now they’re trying to scare kids.

Posted by goldielocks @ 16:30 on August 2, 2018  

While scanning toys I ran into this.
No matter the economy isn’t looking as bad with doom and gloom they still don’t get it. It’s called Fuzzu Donald’s play house. Fuzzu? Making it look like he eats kids. Almost funny. Add it to Donald’s memorabilia.
img_1787

Mr Copper

Posted by goldielocks @ 16:24 on August 2, 2018  

Have to agree with Buygold. Business will just try to act on what’s best for them to survive currency values or crisis by economically cluless politicians.
Plus China manipulates and Euro a ongoing concern that could emplode.Like a zombie acpolapse over there. Letting in all these economic zombies destroying cities while accumulating debt a failing EURO and when these countries finally had enough it might look like Zimbabwe.
Where is money going to go? Even China not trusting their currency buying up parts of America and Canada.

Snort!

Posted by Richard640 @ 16:23 on August 2, 2018  

They All Laughed==
Louis Daniel Armstrong, Ella Fitzgerald
*****************************************
The odds were a hundred to one against me
The world thought the heights were too high to climb
But people from Missouri never incensed me
Oh, I wasn’t a bit concerned for
From history I had learned
How many, many times the worm had turned
*****************************************
They all laughed at Christopher Columbus
When he said, the world was round
They all laughed when Edison recorded sound
They all laughed at Wilbur and his brother
When they said that man could fly
***********************************
They told Marconi
Wireless was a phony
It’s the same old cry

They All Laughed

Posted by Richard640 @ 16:15 on August 2, 2018  

Mr. Copper

Posted by Buygold @ 15:55 on August 2, 2018  

Really could care less what big business is doing

The USD is rising because the US is the only major nation in the world raising rates, IMHO

The USD ain’t going down anytime soon, ergo gold ain’t going up

R640

Posted by Buygold @ 15:52 on August 2, 2018  

Good luck wit dat

As they continue to relentlessly hammer anything pm related

Who knows, maybe you get the 1% chance that pm’s bounce after a jobs report tomorrow.

Buygold @ 15:18

Posted by Mr.Copper @ 15:38 on August 2, 2018  

Big business is simply jacking the Dollar up to maintain the past status quo, of having it made overseas and selling it here, avoiding US labor and taxes. I posted a long time ago, the ONLY way to stop this embezzlement, liquidation of America, would require a media campaign like “Just say no” to any imports. It worked for saving energy, using seatbelts, and stop smoking. But we will never see it unless Trump buys us a media corporation to promote it. Boycotts.

WTF! Make it one for the Gipper! [somebody’s got to do the dirty work around here…]

Posted by Richard640 @ 15:32 on August 2, 2018  
Filled Buy to Open 100 JNUG Aug 10 2018 13.0 Call Limit 0.06 15:27:52 08/02/18

Re Yuan and Tariffs

Posted by Mr.Copper @ 15:30 on August 2, 2018  

The approximate Yuan and Dollar exchange rate of 7 yuan to 1$ is the SAME as a big tariff on any American product going into China. At the same time, and China made product going into the USA gets a HUGE discount.

I once calculated using cost of living or wages needed in both countries, $1 should equal 2.75 Yuan to be a fair exchange rate. Those big businesses over there and their Chinese partners are going to protect themselves any way they can.

The Dollar Yuan peg has not yet joined my major reversal opinion. many other things have been reversing. Except this one. In fact with the “Crashing Yuan” news lately, its getting WORSE for the USA. They are obviously over riding any and all tariffs imposed on them.

Last hour smash

Posted by Buygold @ 15:18 on August 2, 2018  

nothing quite like it anywhere on earth

IT JUST NEVER ENDS

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