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

Buygold–I know u don’t–I was just. sayin yer. call was right..

Posted by Richard640 @ 19:29 on June 30, 2019  

Gold just printed 1400…13 off the low…

Posted by Richard640 @ 19:25 on June 30, 2019  

Don’t want to tempt fate, but no too bad

Posted by Maddog @ 19:23 on June 30, 2019  

This drop can be a C wave in the current down wave/consolidation for Gold…this drop may even be done.

Plus look at the bounce in Oil….knockin on $ 60’s door again.

fyi–no big deal here and G&S are bouncing very nicely

Posted by Richard640 @ 19:22 on June 30, 2019  
Last Updated: Jun 30, 2019 at 7:11 p.m. EDTDelayed quote

96.27

+0.140

https://www.marketwatch.com/investing/index/dxy

R6 – I don’t want to win

Posted by Buygold @ 19:17 on June 30, 2019  

I didn’t want to be right. I wanted to be wrong.

Glad to see the losses have been cut in have since I saw the open at first, although it’s pretty rare to see big losses recovered in the overnights.

Oh well, gold is what it is.

Buygold- Morgan Stanley Chief Economist–“any ole. excuse’ll do to rally stocks

Posted by Richard640 @ 19:09 on June 30, 2019  

Lets see if this euphoria lasts until morning…when the sober truth of the  weekend meeting is realized…as expressed by the  likes of  Morgan Stanleys’ Chief Economist

Nothing Was Resolved Between The US And China, Meanwhile Global CapEx Has Ground To A Halt

Authored by Chetan Ahya, Morgan Stanley Chief Economist

And so it has come to pass: The much-anticipated meeting between the US and China is over. While we await further details, here are our reactions and takeaways, as we parse the initial readouts.
This is an uncertain pause – no immediate escalation, but still no clear path towards a comprehensive deal. The US administration has indicated that it will hold off on 25% tariffs on the remaining US$300 billion imports from China. There was also an agreement that both parties will roll back some non-tariff barriers (i.e., restrictions on high-tech exports by US companies) and that China would continue to purchase agricultural products from the US. However,as things stand, we lack clarity on whether real progress was achieved on the sticking points that caused talks to break down in the first place.
Hence, our overarching conclusion is that the developments over the weekend on their own don’t do enough to remove the uncertainty created by trade tensions, which began over a year ago and remain an overhang on corporate confidence and the macro outlook.
https://www.zerohedge.com/news/2019-06-30/nothing-was-resolved-between-us-and-china-meanwhile-global-capex-has-ground-halt

Buygold-you won! We’ll see by morning what this bull mkt. is made of…

Posted by Richard640 @ 18:45 on June 30, 2019  

A lot of people missed this move because they had their eye on the “high RSIs” and bearsih COTs…they. will be crowing “I told you so”…The U.S. dollar is down against every currency listed. on the Bloomberg. TV ticker except the euro…and the $ isn’t up much=just .154 which in no way justifies this open in gold…but we know “any ole excuse” will do to sell gold…actually the. euro is barely down=-.ooo6 on Bloomberg just now…

I much prefer this kind of open to an open where gold opens up 10 and is down 15 monday morn…there’s been a lot of big talk. by those that. were shut out that they would buy a pullback—at. the opening low tonight gold was down almost $60 from the high…let’s see if buyers step up…gold did bounce $11 off the low and silver bounced a dime…

Hey Maddog

Posted by Buygold @ 15:12 on June 30, 2019  

We’ll get our first look at the irrational SM exuberance in a few hours.

Just hoping the carnage in the pm sector isn’t too crazy.

DOW 1969 To JUNE 2019 Renko Chart Chart which is basicly a point & figure type chart ,it eliminates a lot of small moves between highs & Lows INTERESTING enough its approximately the Biblical 7 years between major tops ,Bottoms !

Posted by Ororeef @ 15:07 on June 30, 2019  

dow-1969-2019-renkochart

Buygold

Posted by Maddog @ 14:20 on June 30, 2019  

Stating the obvious, there are new reasons to sell PM’s, no new to buy and the scum always out there ….the good news is that the SM will be flying, so the scum will be happy…

Overton

Posted by goldielocks @ 13:41 on June 30, 2019  

Hyperbaric has a lot of good potential and that’s good. One of my brothers had those concussions plus joint issues.
Joe and his team visited PT at a hospital I worked at the time. He was a really nice guy.

Hey Ipso

Posted by Buygold @ 13:12 on June 30, 2019  

I’ve thought about that as well. After so many years of low prices there could be a lot of miners looking to lock in prices at $1400. Hedgers like NGD for example. Wouldn’t they be taking a risk of huge losses if the price continues to climb?

If so, I guess we’ll find out who the big hedgers are depending on how their shares trade?

Sorry to be so negative. I’ve had a lot of years of Pavlovian training. 🙁

Buygold

Posted by ipso facto @ 12:58 on June 30, 2019  

I wonder how many of those commercial sales of gold are miners who think this is a good price to lock in? I imagine that is part of the shorts.

Of course this is not the prime mover of prices …

R6

Posted by Buygold @ 10:11 on June 30, 2019  

Well, you obviously know that I’m hoping your instincts prevail. The Commercials did add 18K + longs in gold maybe for a “just in case” scenario? Or maybe just to dump in a couple seconds anytime gold shows a bit of strength.

You make a lot of good points.

I’ve just been burned so many times by false rally attempts I have a hard time believing any potential rally is real and I’ve actually never seen lopsided COT data like we’re seeing now fail when it comes to the downside.

Couple that with the great news out of the G-20 on trade with China and now Trump meeting with Kim in North Korea on nukes and lastly a thinly traded 4th of July week – things could get seriously ugly in a hurry.

Hope you’re right and my fear is unfounded.

 

 

Tough when the rules get changed on you

Posted by ipso facto @ 10:07 on June 30, 2019  

Eco Oro pulls out of Colombia gold concession amid legal battle -letter

https://www.mining.com/web/eco-oro-pulls-out-of-colombia-gold-concession-amid-legal-battle-letter/

Buygold–I saw that. article–only thing is that when

Posted by Richard640 @ 9:39 on June 30, 2019  

the PM rally topped in June 2016,  it was almost a 7 month run and very dynamic…gold’s only been in this launch about 2 to 4 wks…maybe he’s right but it seems too early…anyway…there are so many “hooks” that. have kept everyone out of this rally…I’ll just keep on trucking until proven differently.

Image result for keep on trucking

Sorry goldbugs-gold is a buggy. whip! People are flocking to crypto-currencies for safety-from manipulation, the tax man, anonimity ect ect.

Posted by Richard640 @ 9:32 on June 30, 2019  

Exit Scam? Dublin-Based Exchange Bitsane Vanishes With Users’ Funds

Earlier this month, reports surfaced that Polish crypto exchange Coinroom reportedly shut down its operations and disappeared with customer funds, having notified users they had just one day to withdraw funds before their contracts would be terminated.

Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. The news was reported by Forbes on June 27.

Dave Brady of Sprott watching the COT’s

Posted by Buygold @ 8:37 on June 30, 2019  

My take: I think Sprott and his guys are gold atheists. They make their money selling gold and silver vehicles and could care little whether metals go up or down.

Bottom line to this article is to be wary of the explosion in short interest and volume in general in the futures market, last time it happened was 2016 and gold fell 18%

I hope this time is different, because I can’t wait another 3 years to recover from that type of beating.

Gold At Risk Of A Sharp Pullback Before Higher Again

Open interest in Gold futures on the COMEX bottomed at 430k contracts on April 30. They have since risen to 526k on June 18.

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