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

7-1-AVI GILBERT=So, until the market proves to me that it is not going to break out directly in the heart of a 3rdwave , I am going to remain on this train.

Posted by Richard640 @ 23:19 on July 1, 2019  

 

As for me, I have learned from many years of experience with metals not to automatically discount a major move in the metals if there is a reasonable interpretation for one. While the diagonal Zac and Garrett are tracking is quite reasonable, and supported by quite a few mining charts, I am giving the market room to blow out to the upside to confirm the more bullish standard impulsive count I am tracking in green on my daily charts.

Again, based upon experience, if I were not to view the metals’ potential break out directly higher as my primary count, and it fulfilled, then many would be left at the station as the train leaves. So, until the market proves to me that it is not going to break out directly in the heart of a 3rdwave (which still has a very reasonable probability of following through), I am going to remain on this train. Moreover, I have identified what action I would need to see to adopt my alternative count.

So, if the market does break down into the diagonal, then it just provides more opportunity to play the long side, and I will not have missed anything. But, if the market were to blow out to the upside while the great majority of the members were looking for more of a pullback from my analysis, then there would have been a major opportunity we may miss. But, allowing the market to PROVE the bigger pullback before I adopt it does not have us missing any upside.

Yet, the key here is that I am not suggesting any leveraged positions at this time. If the market were to not break out and prove to see more of a pullback, only those with leverage would be hurt. So, as you know if you have been following me, I stopped out of my leverage positions when GDX broke below 25.90, and am simply holding my core positions. Should the market prove to break out further in the parabolic potential on my daily charts, then there will be another opportunity to add leverage on the wave iv pullback/consolidation.

So, if the market will break down one of our supports over the coming weeks, then it would leave me watching the patterns outlined by the Stock Waves analysts in the video cited above. Yet, both are clearly quite bullish structures for the coming months.

https://www.gold-eagle.com/article/could-depress-price-gold

Posted by Maya @ 19:57 on July 1, 2019  

mcd

 

Trump and Kim

Posted by commish @ 19:19 on July 1, 2019  

JNUG

Posted by redneckokie1 @ 17:27 on July 1, 2019  

Today is a perfect example of why I don’t like straight up markets when I’m long. They go down the same way. Gold is in good support here. I may add to my positions.

rno

I saw the DOW down 9 pts–that lasted about 30 seconds–how it’s up 103–stocks are unstoppable

Posted by Richard640 @ 15:59 on July 1, 2019  

The S&P made its 95th new high today.  since Trump was elected…it looks like this year will be like 2017 and 2018…where most of the year it was mind-numbing for the bears…day after day…month after month…up and up…if the stock mkt had an RSI it would have registered 400 or 500…yet not. a peep about the mkt being overbought..

Yet a lousey 100 buck gold rally get’s people hysterical: O the RSIs!  O, the COTs! BEWARE!

Now we await friday but don’t hold your breath…

 

This is not a recoomedation-I now have 600 calls-1st 400 at a nickle

Posted by Richard640 @ 15:50 on July 1, 2019  
Filled Buy to Open 200 NGD Aug 16 2019 1.0 Call Limit 0.07 15:44:35 07/01/19

R6

Posted by Buygold @ 14:47 on July 1, 2019  

IMHO -The Fed needs to set the need of a rate cut up with economic data. What better way to do that than come out with a weak jobs report on Friday?

In the meantime they can do a lot of damage to gold by goosing the dollar and rates.

Was hoping $1385 would hold but I guess now $1350 is in the cards.

Who knows how low the shares will go but if I’m right, HUI definitely shouldn’t go below 165.

Caveat….I’m always wrong.

Buygold–10 yr is up 18/64ths-surely u joke about “jumping”–but any ole excuse to smack gold will do

Posted by Richard640 @ 14:29 on July 1, 2019  

http://futures.tradingcharts.com/marketquotes/ZN.html

Grumble! Gripe! Complain! if stocks roll over hard gold may have a chance-DOW down 9-russell down 2 pts

Posted by Richard640 @ 14:19 on July 1, 2019  
I sold my 300. CDE. Sept. $5 calls on Friday-glad I done it
 I —dumped these. Septembers-with great hesitation, on the open, glad I. done done it-I paid 15 fer em. I had great expectations, dang it!
I’m gettin reeeeal black bearish…no matter what anybody sez-we’ve all seen this movie before—gold is on probation—it’s gotta “show me”…even though I’m not from Miss-Sour-eye! I still have my 800 calls on MUX and NGD—Aug 19th—at a nickle a piece-those I’ll hold at least till Friday—will try to add 200 more NGD at at 5—maybe 7 cent–

FilledSell to Close10 CDE Sep 20 2019 4.0 CallLimit0.60—-09:35:39 07/01/19

FilledSell to Close400 CDE Sep 20 2019 4.0 CallLimit0.60—-09:35:39 07/01/19

FilledSell to Close90 CDE Sep 20 2019 4.0 CallLimit0.60—-09:35:39 07/01/19

Why on earth is the dollar so well bid

Posted by Maddog @ 13:42 on July 1, 2019  

Are they taking the Michael out of the Donald…very strange…..

Looks like the 10 yr. rate jumped since I last looked

Posted by Buygold @ 13:33 on July 1, 2019  

from 2.01% to 2.04%

Makes sense considering the USD strength.

We could be in for a few pretty rough days…

Rambus

Posted by goldcountry @ 13:20 on July 1, 2019  

Says its time to put away our bear market logic, and start thinking in bull market terms.

Precious Metals Breaking Out

P.S.–if stocks roll over today gold would have a chance to comeback

Posted by Richard640 @ 12:24 on July 1, 2019  

Stocks roling over would scare the crap outs Wall St

The 10 nyr down 19/64ths-I was down just 2/64ths but still not a big deal

Buygold-Captain-yes, I see the 10 yr. is about flat–what started this rally 3 weeks ago no longer matters for NOW=zero bound rates & a slowing world economy

Posted by Richard640 @ 12:22 on July 1, 2019  

we are also back-so it seems so far today–to all the Cartel rules–hence there will be no bounce–I think the whole rally may slowly unravel and we go back to a coma market–on Friday we must watch closely–if the jobs report is weakish and gold pops 10 or 15 then gives it all back then we will have our answer-I sold my 300 sept $5 CDE calls on Friday–cause they were too far outa the money they had a good profit-I sold the other 500CDE $4 aug calls on the open for a net 2.5 bagger–my 800 mux and ngd calls for aug 19 only cost $5 a copy-I will hold these at least till the friday report.  i may add 200 NGD calls today

Global Manufacturing PMI Crashes To 7-Year Lows As New Orders Slump

“The global manufacturing sector downshifted again at the end of the second quarter…Conditions will need to stage a marked recovery if manufacturing is to revive later in the year…”

Buygold @ 10:43

Posted by Captain Hook @ 11:54 on July 1, 2019  

Getting re-elected is the desired result.

Anything else is ‘collateral’.

Cheers

USD pretty strong

Posted by Buygold @ 10:43 on July 1, 2019  

Not sure that was Trump’s desired outcome.

Funny thing though, the Ten yr. is only up to 2.01% from 2% – not exactly brimming with confidence.

R6

Posted by Buygold @ 10:36 on July 1, 2019  

Definitely have boot on neck of shares.

I keep getting the sense that silver has a chance to go positive, not sure why, this stuff rarely comes back on a heavy down day and the shares aren’t indicating any king of a comeback.

Believe it or not, I thought it would be a lot worse than this today.

Richard640

Posted by Captain Hook @ 10:19 on July 1, 2019  

While there are a lot of idiot PM derivatives gamblers that need to be forced out of their positions in coming days, I am hopeful they see their ill-advised ways after this predictable shellacking and start accumulating actual bullion and shares to counter the games played in the derivatives markets. I am dreaming of course because they are beyond hope, which is why the end game is particularly nasty, with a return to far more primitive living increasingly likely. (i.e. if everybody is in stocks, derivatives, etc. even if we get hyperinflation first, in the end most are wiped out.)

That said, and bringing in the time frame, as long as silver hangs in while the gold gamblers are purged in the futures, there is a better than even chance PM’s rally further after a consolidation in the week(s) to come.

Cheers

 

Nice bounce in G&S but they are relentlessly hammering the PM stocks and ETFs

Posted by Richard640 @ 10:04 on July 1, 2019  

We are back to pre-rally action…something to think about–

Good Morning Captain!–so what’s your bottom line? The gold rally’s still on track-its rise inevitable?

Posted by Richard640 @ 9:57 on July 1, 2019  
Well, good morning, Captain!
Well, good morning to you son
Do you need another mule skinner
Down on your new mud run?
Ha, ha, hip, ee, ee
Well, I’m an old mule skinner,
From down Kentucky way,
And I can make any mule listen,
Or I won’t accept your pay.
Ha, ha, ha, ha, ha,
Hee, hee, hee, hee, hee, ha, ha,
Well hey, hey.
Little water boy, come here boy,
Bring that water bucket around
Ha, ha, ha,
If you don’t like your job
Water boy, put that bucket down
Ha, ha,

Smelly ole NGD up a penny on very heavy volume=617,111 shares

Posted by Richard640 @ 9:50 on July 1, 2019  

https://www.cnbc.com/quotes/?symbol=NGD&qsearchterm=

I’m gonna try to add on some calls

Richard640 @ 5:14

Posted by Captain Hook @ 9:23 on July 1, 2019  

The Fed is cornered. If they don’t cut rates later this month the everything bubble will implode faster than the Dems can say — ‘that’s all folks’.

So the commercials either cover their shorts now or deal with an increasingly dovish narrative as month end approaches.

Then we have Trump who either reverses the entire moog fest over the weekend or face being labeled a turncoat double agent in the pocket of the globalists / bankers. He is of coarse just that (anything to get re-elected), where even if Hillary et al are taken to task it would be more akin to them being thrown under the bus as opposed to actual fundamental change. You can’t make it that obvious.

The Chinese are back in the door — really? — guess we better brush up on our mandarin — because the control state is on its way 5G (microwave, cancer, death) living and all.

Cheers

 

The “easy money thesis” is solid-lower rates round the. world ahead–it. started this rally but can it still revive it?

Posted by Richard640 @ 9:19 on July 1, 2019  
A reported trade “truce” between China and US has prompted excited talk of fresh record highs in US stocks, a surge in Chinese stocks, a jump in offshore yuan relative to the dollar, but barely anything in bonds (with 10Y Yields hovering just above 2.00%, unable to hold the overnight spike).
But, as Bloomberg’s Garfield Reynolds warns, the key danger across markets is the potential for a corrective yield spike that would pummel risk assets and worry investors that they have fallen for a low-yield trap.
Via Bloomberg,

Maddog–spot gold low this a.m. was 1382-that’s close enuff

Posted by Richard640 @ 9:08 on July 1, 2019  

Gold is now $12 off the bottom & silver, oddly, is only down 3…but every bounce gets challenged…the dip buyers. are still there but aren’t as effective as they were for the past 3 weeks…fUngers crossed!

The next. best. hope for gold is Fridays. job. report estimated at. 165K which not long ago was considered a weak number but has been. “dialogued” by Wall St as a solid one

R640

Posted by Maddog @ 8:46 on July 1, 2019  

This all looks like a continuation of the consolidation started last week….1380 was a Break out that some people had that has now been back tested.

The SM is in a 3 of 3 of 5th etc, so it can go bonkers here and is.

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