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Mr Copper

Posted by goldielocks @ 23:58 on October 10, 2018  

What ever happened to those mechanics classes in high school? I don’t remember seeing them back east but in Calif they had them. I think they should have a 101 for both sexes to know to change oil even if they don’t do it, change a tire and do it. The first tire I changed I didn’t know you had to loosen the lugs first before cranking it up nor how heavy the tire was and fell on me. My work cloths were toast. On hand learning experience and making sure the lug nuts are on tight. Now they’re making them so tight it takes a machine to get them off. They should learn for safety reasons though they don’t want to get stuck somewhere in a bad place. They do have that foam if you have a small compressor in the car. Battery care and other simple stuff. Some of these engines you can’t even see there covered. I used to be able to fix simple things like carbaraters, timing belts, and few other things and could hit wire case I lost my keys.
Once mechanics could figure out what’s wrong by listening to it.
They at a lot of auto places like auto zone that have a meter they can plug in and it will tell you what’s wrong or you can buy one. Good to have if buying a used car. Also have one for electrical check on each wire and if not to deep in the engine you could probably replace it yourself.
To think at one time they didn’t even need a battery, you just cranked them to start but that wouldn’t run lights.
Yes he should of had them refund his money or take them to small claims.
If the place doesn’t look relatively clean organized and have the diagnostic equipment you should pass with a newer car. Also you can read reviews on a lot of these places.

Crash and burn baby!

Posted by Aguila @ 22:56 on October 10, 2018  

When Gold gets down to 10 cents per pound I’m going to cash in and buy me a house in the hamptons ! 🙂 🙂

Treefrog – I hope the inconvenience you experience is only flickering lights

Posted by Alex Valdor @ 22:19 on October 10, 2018  

If so , you are fortunate . They are reporting that 500 000 homes are without electricity in FL , AL and GA . I can only begin to imagine the destruction of homes and businesses .

Many thanks for the lesson on FL substrate . You are a walking encyclopedia !

Richard640 @ 17:55

Posted by ipso facto @ 20:13 on October 10, 2018  

I think he’s saying: PM share Moonshot is imminent! Or a least that’s the way I read it. 🙂

Your JNUG position might really pay off.

Inflation fears driving gold and silver lower—from Murph tonight.

Posted by Richard640 @ 19:04 on October 10, 2018  

James Mc lays the deal out this morning…

Inflation fears driving gold and silver lower

Bill,

Another day, another scam in the gold and silver markets. Once more you merely need one picture to say a thousand words about how gold is being suppressed.

What’s wrong with this picture?

Inflation fears with gold down on the day- yeah, right, makes sense doesn’t it? The dollar is down, and Treasuries are also off + point but what the hell, keep gold in the cage. Like so many other times when gold and silver have been held at arbitrary and non-technical areas we are now RIGHT back to the $1190/$14.30 areas, which have worn ruts a mile deep. Silver in particular has been slammed over and over right back to $14.30 Dec. As I type at 11:00 AM EST silver is DOA at EXACTLY $14.30. Precious metal comas are mandatory when the Dow is puking 325 points.

It is nearly certain that the market manipulators want, and are getting, physical gold and silver at prix fix over a large time period.

 

Next we look at the NYSE Available Cash chart

Posted by Richard640 @ 18:32 on October 10, 2018  

Next we look at the NYSE Available Cash chart which shows the leverage being employed in the market via margin debt. As we can see it is now at unprecedented frightening extremes, which way exceed anything that has ever been seen. So when this thing really goes down there is going to be a veritable tsunami of margin calls going out—this by itself signal that a brutal crash is not far over the horizon.

Click on chart to pop-up a larger, clearer version.
Chart courtesy of sentimentrader.com

Ipso–that rabbit hole guy is often cryptic–do u know what he’s talking about when he write this?==

Posted by Richard640 @ 17:55 on October 10, 2018  

“the miners are set up to ass launch harder than even the average die-hard might currently imagineve” [does he mean higher or lower?]

 

As I’ve harped on for like ever, we’ve got to be in line with the real (not imagined) fundamentals and that is what we are working on in NFTRH. We have presented one chart for instance, that shows if Thing 2 begins to out perform Thing 1, the miners are set up to ass launch harder than even the average die-hard might currently imagineve. I want it, belie me. But not to the point where we will get out of line with reality in summoning it. We will continually gauge it and all the other important considerations. It’s all you can (or should) do in the markets. Be watchful and let ’em come to you.

The things going on in the macro over the last week, from pain in US/Global stocks and the risk ‘on’ trades, to commodities and the anti-USD trades have been steps in the right direction. But a sound manager will see through the work and not let wishes, hopes or other emotion take over.

You can bet we’ll be updating our individual gold miner charts this weekend and if we can develop macro and sector fundamental views to go with the technical view, the fun will begin. But first things first. Flipping Amigo #1, the SPX/Gold ratio over, we see that a certain risk ‘off’ metal got a little peppy vs. a certain bloated pig today. Nominal gold did squat, but it’s in the ratios to a constellation of cyclical and/or risk ‘on’ assets that the true funda will be found.

PONZI WORLD

Posted by Richard640 @ 17:42 on October 10, 2018  

Wednesday, October 10, 2018

Global Mega Crash In Real-Time

Skynet just met Social Mood for the first time in three years. And lost…

The casino just went out at the lows of the day. On 90% down volume. As pictured here:

Third World wage growth just imploded the casino. 

Yes, again.

https://ponziworld.blogspot.com

Notes From the Rabbit Hole

Posted by ipso facto @ 17:40 on October 10, 2018  

Looks Who’s Holding Firm Amid the Carnage; the Gold Miners

Looks Who’s Holding Firm Amid the Carnage; the Gold Miners

WE should get a 180 Pt Gold rise unless the shut down the Gold computer.If the dow breaks 25,000 the BULL is over !and 17,000 here we come./.

Posted by Ororeef @ 16:34 on October 10, 2018  

dow-drop

And thinking if this is a repeat of the January 2018 drop. A huge double top formation.

Posted by Mr.Copper @ 16:26 on October 10, 2018  

And thinking if this is a repeat of the January 2018 drop. A huge double top formation on the Dow.

https://finviz.com/futures_charts.ashx?t=INDICES&p=w1

https://finviz.com/futures_charts.ashx?t=INDICES&p=d1

Gold should rally $180

Posted by Ororeef @ 16:25 on October 10, 2018  

just to be on par,if they dont pull the plug on the computers …

In The End, TPTB Can’t Win, They Use Psychology To Fool The People

Posted by Mr.Copper @ 16:23 on October 10, 2018  

“They” are big pro-global business. And big businesses hate paying US labor and Taxes. They pay our representatives very well though.

Ororeef–the gold action was resilient but really stinko considering…there is Asia and Europe ahead of us tonight and mañana….that could change…

Posted by Richard640 @ 16:14 on October 10, 2018  

The dow ended on its low down over 800 points…the dam could break on gold—that  could happen in asia and europe overnight–that is, of course, depending on the dgree of panic in those markets…maybe they will just shrug, like4 Atlas did…t’will be exciting…

Just saw the Dow … Wow! down 831

Posted by ipso facto @ 16:10 on October 10, 2018  

$gold Vs SPX has flipped positions since July 2016

Posted by Ororeef @ 15:59 on October 10, 2018  

gold-vs-stocks-flip

Goldilocks

Posted by Mr.Copper @ 15:53 on October 10, 2018  

re “American mechanic are retired or no longer here. Also many of the old school dropped out when they got technical less they upgraded.”

Yes on that. Too many unneeded parts, too much integration with electrical. Its all to create work, man hours. Parts and labor.

My son 2003 Chevy Malibu, blinkers malfunctioning. Sometime they work, sometimes no. Sounds simple and cheap. Drops it off. Multi Function Switch, $370 installed (huh?) later they say its fixed. Goes on a long 3 day trip the next day, and nothing changed.

I go on the Internet and find out it was common, a call back problem with various years ’01-’04. And find out its the Hazard Warning button. Turn signal switch relay. Blinkers, turn signal, and 4 way flashers all INTEGRATED. A cheap part and a ten minute installation.

I told Rob, ask for your money back, you can’t afford to pay for mechanics mistakes. If they refuse? Stop it out on the credit card, and don’t go there anymore. And the dummy thru the original expensive part away. They could have put it back in. They took it for granted replacing the multi function switch was the problem. GEEZ.

Several times I had to tell mechanics to google for diagnoses. They don’t even think of it.

The Gold Ratio for JNUG is $168 per share !

Posted by Ororeef @ 15:32 on October 10, 2018  

jnug-gratio

Mr Copper

Posted by goldielocks @ 15:27 on October 10, 2018  

I remember that with mechanics. But sometimes it didn’t matter. Finding a good mechanic less you are one will determine how long your car will be on the road. I’m guessing a lot of these American mechanic are retired or no longer here. Also many of the old school dropped out when they got technical less they upgraded.
Thing is now if a emp strong enough all these fancy tech cars will no longer work but the older models will start my just taking off and reconnecting the battery I heard.

“extreme caution for stocks is still warranted here.”

Posted by Richard640 @ 15:19 on October 10, 2018  

Morgan Stanley: “This Dynamic Is The Ultimate Bear Case For Risky Assets”

Here’s why this matters: according to Morgan Stanley, for now, the rotation into defensives – despite the rate move – is keeping a lid on correlation between stocks and is slowing a move lower in the broader indices. But if the rate impact starts to dominate the defensive bid and the flows out of defensive ETFs continue there are important implications – dispersion between stocks will fall, correlation will rise, and volatility for multi-asset investors (including risk parity funds) will spike. 
As Morgan Stanley warns in parting, “this dynamic –  that there could be no safe haven within equities to turn to as rates rise – is the ultimate bear case for risky assets.”
While price action indicates we are not there yet, these flows suggest that unless the violent rotation fades, “extreme caution for stocks is still warranted here.”

Remember Decades Ago? If You Bought A Foreign Made Car? It Was Hard To Find A Foreign Car Mechanic

Posted by Mr.Copper @ 15:09 on October 10, 2018  

Plus the parts were extremely expensive. That was the 1970s. Nowadays if you have an American car its impossible to find an American car mechanic. That’s any good.

Ninety percent of the cars on the road are imports and that’s mostly what they ALL work on. They have very very little experience with American cars and misdiagnose too often.  With an American car you need to go to the dealer, where that’s all they work on.

Double top Dow and Transports look similar ,Utilitys not confirming…a 25000 level break will end this bull market down to 17,000

Posted by Ororeef @ 15:08 on October 10, 2018  

dow-shaky

10 years of a bull mkt. show that, statistically, this is just a blip and we could be screaming to the upside in a week or two…that said…

Posted by Richard640 @ 15:03 on October 10, 2018  

we ARE in October and the 5 or so days down so far are making this week look like the 1987 week that led to Black Monday…just sayin

The potential to panic is immense=10 yrs with no real panic yet=the panic resevoir is full-cracks are in the dam-a vast puss bag of vulgarity, pretention and hubris is about to break down on Wall St.

Posted by Richard640 @ 14:59 on October 10, 2018  

“Alarming” Bond ETF Outflows Spark Cracks In Credit Nirvana Narrative

This has never happened before…
Blackrock’s broad bond-market ETF (AGG) suffered a nearly $2 billion outflow yesterday – the most ever…
And, as Bloomberg’s Lisa Abramowicz reportsit appears that money is flying out of corporate debt, from the riskiest to the safest bonds, at least based on ETF flows.

https://www.zerohedge.com/news/2018-10-10/alarming-bond-etf-outflows-spark-cracks-credit-nirvana-narrative

DOWn 500 Points. -1.9% Naz Dn 2.6% Yikes, Just A Blip Right?? :)

Posted by Mr.Copper @ 14:20 on October 10, 2018  
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.