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

Ballinger=I advise that you take profits on 50% of your holdings NOW while getting ready to sell the balance at HUI 205 (now 195

Posted by Richard640 @ 22:36 on June 26, 2019  

Before I explain the obvious caution I am advocating in the arrow and dotted lines in these charts, be it known that the explosion in RSI levels, which has taken my beloved gold and gold miners to record RSI levels, is emphatically bullish from both a sentiment and technical perspectives. Massive changes in DESI (not shown here) and RSI are incredibly bullish inputs to the monthly charts and to the weekly charts BUT (and I shout “BUT BUT!”) they are NOT telling you to load the gun tomorrow.




Tell me why?

Posted by Richard640 @ 21:58 on June 26, 2019  

Rick’s Pick for Thursday

Published Wednesday, June 26, 9:40 p.m. EDT

August Gold’s attempt to reverse from a morning sell-off prompted a subscriber to ask in the Rick’s Picks trading room whether bullion is already getting second wind.  I doubt it, since June’s sensational run-up was too steep to sustain and will likely require a breather of perhaps 2-3 weeks to recharge. But I do expect the uptrend to resume after a proper pullback because this month’s surge decisively exceeded clear Hidden Pivot resistances at 1412 and 1432. This is usually a reliable sign that the dominant trend will continue, and it is quite clear in this instance.  Because the pattern took ten months to play out, it would be surprising — and quite bullish — if the futures do a ‘180’ and blow past the 1432.70 peak within the next few days. Anything’s possible, so we’ll simply wait for gold to do its thing to tell us what’s on its mind. 



Posted by ipso facto @ 19:47 on June 26, 2019  

Mystery solved!

Why gold NOW?

Posted by Richard640 @ 19:33 on June 26, 2019  
And just so we’re clear as to what’s happening here. The mother of all safe haven trades is emerging. Trade Wars, Near Hot Ones, tariffs, sanctions, popular uprisings and political instability are all on the table.
While we’re all focused on whatever short-term idiocy comes out of Donald Trump’s mouth to secure his control over the Overton Window, we should be asking ourselves why the ECB is going looking at even more negative rates, LIBOR has inverted alongside Eurodollar and the U.S. Treasury market and stocks are at all-time highs.
The markets aren’t irrational. Our perceptions of what is driving this behavior is. Safe haven assets change with the times.
And when you step back from the insanity of the fiscal and political situation in the U.S. and Europe, the fall-out from their instability on emerging markets and the potential for major shifts in the geopolitical game board
 does it really seem all that odd that  gold with high trust and low holding risk would become a darling of the risk averse?

Remember it took years but schiff was finally a hero in 2008? I think it’s time to listen to him again.

Posted by Richard640 @ 19:14 on June 26, 2019  

Schiff is predicting another bull market in gold and silver. Schiff says, “If we are going to have another bull market in gold, which we will and it’s probably already starting, we are going to have a bull market in silver. I don’t think we have ever had a gold bull market that didn’t include silver. In every gold bull market, silver has outperformed gold (on a percentage basis). So, there is a lot of upside in silver.

Schiff says the Fed is overlooking some big problems coming. Schiff says, “They (Fed) did not stress an environment where we have more inflation or where we have stagflation, where we not only have a rise in unemployment and a recession, but consumer prices and long term interest rates that go up at the same time. They (Fed) are not even thinking that’s possible, but that’s actually probable. The real problem is when real inflation rears its head, there is nothing the central bankers can do about it. If they try to fight the inflation by tightening up on monetary policy, it’s like slamming on the brakes. They are going to have to jack interest rates very high, and everything is going to start imploding. The whole credit bubble is going to collapse. We are going to see stock markets tumble. Bonds are going to go into default. There will be bankruptcies, layoffs, bank failures and the governments will have to start defaulting on their obligations and payments on social programs, or even interest on principal. You have a massive crisis coming if the Fed fights inflation, but you have an even worse crisis if they don’t. I am betting on this initially. As inflation gets worse and worse, the central bankers are going to say it is a good thing.”

Schiff predicts, “Inflation is going to run out of control. . . . This is why people need to buy gold. Paper currencies are going to lose a tremendous amount of value. So, if you want to preserve your purchasing power of your savings, you better be saving real money and not all this funny money the central banks create. . . . Once the market perceives that there is no light at the end of the tunnel, that we are never going back to normal, that interest rates are going to stay negative in real terms forever, that the Fed has no ability to raise rates, that all the new money that has been created will never be destroyed, that the Fed balance sheet will grow in perpetuity so liquidity will never be removed, then the dollar will fall through the floor. Then we are going to get all that inflation.”



Posted by Maddog @ 18:36 on June 26, 2019  

Ring Pulls are what u pull, to open a tin of beer.


Posted by goldielocks @ 17:44 on June 26, 2019  

Lonely Bull Loved the song had the records but not what they do to those lonely bulls or horses.

Ipso – Thanks

Posted by Buygold @ 16:58 on June 26, 2019  

62? Wow

Was born in 60, but for some reason I thought that was 68-69′

I remember being at my cousins house at the beach and my aunt loved those guys. As I said, much simpler times…


Posted by ipso facto @ 16:01 on June 26, 2019  

Says 62 … that may have been before you arrived? Love that brass. Herb did some great stuff!

Alex Valdor

Posted by ipso facto @ 15:57 on June 26, 2019  

Sounds solid to me.


Posted by Buygold @ 15:50 on June 26, 2019  

Looks like I may have gotten a little irrationally exuberant about today’s prospects although the shares really aren’t doing all that bad. I especially like it when NEM aka “the General” leads the pack, and it’s up just about 1% – pretty solid.

USD and rates don’t appear to be a threat.

Ipso – Love the Herb Albert, that’s got to be what late 1960’s?

So much simpler times…


Posted by Alex Valdor @ 15:30 on June 26, 2019  

1. Quid (pro quo)
2. Quid (pro quo)
3. Quid.(pro quo)



50. Quid (pro quo)

Hey ! If the banks can do it with derivatives , I can too !

Consider yourself paid , and me an equal partner .

Thank you .

Alex Valdor

Posted by ipso facto @ 15:19 on June 26, 2019  

I’m setting up an asteroid mining company … send 50 quid and I’ll make you a partner!

Sounds like quite a fancy house. 🙂


Posted by ipso facto @ 15:17 on June 26, 2019  

Yeah I know what you mean … some giant horde of gold is coming to market to crash the price …

“Ring Pulls” I’m not sure what those are beyond a handle to pull out your drawer but if they’re coming from your Aussie friend they must be quite valuable!

Cretins leaning on us a bit more.

IPSO – Re : the Asteroid

Posted by Alex Valdor @ 14:42 on June 26, 2019  

It would be the bankers’ dream …render gold worthless .

…or provide building material for the golden cube city described in Rev. 21 :

“16 ‡ The city was laid out like a square, as long as it was wide. He measured the city with the rod and found it to be 12,000 stadia[47] in length, and as wide and high as it is long. 17 ‡ The angel measured the wall using human† measurement, and it was 144 cubits[48] thick.[49] 18The wall was made of jasper,† and the city of pure gold, as pure as glass.†”

Ipso facto

Posted by Maddog @ 13:56 on June 26, 2019  

I just like the way that as soon as Gold has a small rally etc, we get these stories about sunken treasure, asteroids etc.

I’m still waiting for my 1st Divi…all I get is ring pulls in the post.!!!!

Posted by ipso facto @ 12:53 on June 26, 2019  


Posted by ipso facto @ 12:51 on June 26, 2019  

and I’m sure you lent him 50 quid and here you are 20 years later with your Aussie operations being the source of your fabulous (but low key) fortune! 🙂

“asteroid mining” Great idea though. Who knows if we’ll ever get there? Maybe if the outer space aliens prevent us from blowing ourselves up …

ipso facto

Posted by Maddog @ 12:44 on June 26, 2019  

Re the Asteroid

I met a very drunk Aussie once, who said he had a Goldmine that was worth way more than yr Asteroid, he just needed to borrow a few quid to prove it !!!!!

Silver flat

Posted by Buygold @ 12:43 on June 26, 2019  

Shares slowly looking better for the most part. Not sure we’ll get gold to turn higher but silver just might.

Shares seem to be indicating this could be a short, shallow correction. Hopefully anyway.

Phew! Now I can take off my depends…that was a close one–gold now down 1.20–this could draw in a sh*t-load-O-dough!

Posted by Richard640 @ 11:52 on June 26, 2019  

11:35–I just got home…lovein the action-big comback in pm stocks–classic bull mkt stuff-just working off the o.b.condition….

fingers crossed…if we start going up today or tomorrow that would be quite bullish…but we’re not home free yet….

BEST OF ALL= THE SEPT $ INDEX HAS GIVEN UP .200 of its gain and is only up .012

Oops I think I stubbed my toe ….. oh no that’s not it, it was just the gold correction. :-)

Posted by ipso facto @ 11:52 on June 26, 2019  


*knock on wood

Not for many years I think … if ever

Posted by ipso facto @ 11:28 on June 26, 2019  

The golden asteroid that could make everyone on Earth a billionaire

Whether it was the Big Bang, Midas or God himself, we don’t really need to unlock the mystery of the origins of gold when we’ve already identified an asteroid worth $700 quintillion in precious heavy metals.

If anything launches this metals mining space race, it will be this asteroid–Psyche 16, taking up residence between Mars and Jupiter and carrying around enough heavy metals to net every single person on the planet close to a trillion dollars.

The massive quantities of gold, iron and nickel contained in this asteroid are mind-blowing. The discovery has been made. Now, it’s a question of proving it up.

NASA plans to do just that, beginning in 2022.

cont. https://www.rt.com/business/462703-golden-asteroid-everyone-billionaire/


Posted by Buygold @ 10:46 on June 26, 2019  

“The General” – now in the green. So is RGLD

Just sayin’

Edit: USD is also starting to fade…


Posted by Captain Hook @ 10:04 on June 26, 2019  

To answer your question “who has enough money to buy bitcoin at these prices?”

Always look no further than your friendly bankers / bureaucrats.

They give the hedgies free money and they do the rest.

Third party removed stuff.

Me…I didn’t do it…it was the hedgies.


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