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

Ororeef–I like your posts and opinions–keep em coming and i took no offense-it’s all good…

Posted by Richard640 @ 20:06 on July 8, 2019  

As old. Ed Hart of the old FNN used to say=we may be going to hell in a handbasket but. we’ll trade all the way there…

I used to trade

Posted by Ororeef @ 19:09 on July 8, 2019  

Futures on commodities and used options as insurance ..example 1 contract SEPT Soybeans with minimum  down the risk is high ,so I used a  in the money PUT option of the same expiration month as insurance against loss.

It worked very well for me.40 years ago before computer trading and cheap commissions ..

I ran into some crooks in Chicago that I couldent get confirmations on time ..it would be hours before I could get what price I paid..it was so bad I had to ask for a transcript of the tape  ..I would always pay the high price of the day .,,crooks..with computers and self trading without brokers things got better in most places..I got out of Chicago and stayed with NY,better the crooks you know ,than the ones you dont know..hehe.

Chicago was so bad I wouldent trade without a in the money put and same expiration month   as insurance ..

Not to impune the GREAT brokers out there,you just need to stay with those you know are honest..

I had a wonderful broker in NY,but they didnt do Commodities back then ….


Richard640 @ 18:13 on July 8, 2019

Posted by Ororeef @ 18:35 on July 8, 2019  

I get it ..Im not used to watching the strike price  and how far from being in the money ..thats an option traders necessity ..

Richard640 @ 18:13 on July 8, 2019

Posted by Ororeef @ 18:29 on July 8, 2019  

Im not criticizing ,just trying to understand the thinking…

Bit coin looks headed up,Gold looks still positive,toppy,Silver slightly up,DOLLAR headed UP…

my techinc on CDE gave me a buy on june 3 @ 3.00  ,a sell on 6-28 @ 4.34,a sell on jul 5 @ 4.27 ..always trying to better my system by learning what someone else point of view is and why..always learning…something new..

but since I didnt have any money on it ,thats always easy ,isnt it  !  The best way to learn decipline is to have some money at risk ..hehe.. I appreciate your sharing what you do …thanks


ororeef–i don’t sit all day and watch my option trades–my trade today was a great set-up

Posted by Richard640 @ 18:13 on July 8, 2019  

two full weeks for cde to move up just 9 cents to be. at. the money…I might get back in tomorrow

Maddog–what about last friday–silver was down 35 at the low and finished the day down 20…

Posted by Richard640 @ 18:08 on July 8, 2019  

yes, the stocks rallied friday–also gold was down 20 at one point–so the potential is there…I am still long 1000 aug 19 calls. on MUX and NGD–total cost 5400–5 bucks a piece–so I still have skin in. the. game


Posted by redneckokie1 @ 17:33 on July 8, 2019  

Platinum appears to be confirming the previous low as some kind of bottom.  Gold and JNUG are still holding and silver seems to be bringing up the rear. Volume in silver is sneaking up gradually.

The inverted yield curve may be screaming hard times ahead. Never, ever ignore an inverted yield curve . I still have deep financial scars from “ this time is different”.

rno, who has made the same mistake under every conceivable different circumstance!


Posted by Ororeef @ 17:17 on July 8, 2019  

is the shit Hole of the world right now.but that wouldent be a problem if it werent for all the money there and the influence of the Israelis . I had a plan some time ago that would give everybody there FREE Nuclear Power ,free electricity for all .Then if that still didnt bring peace they could NUKE each other and make the whole DAMM place radioactive for a thousand years .Including Israel  …Iran seems to be developing my plan …so now you know how it ends…

I doubt that anybody there could manage Nuclear Power without accidents or spiteful sabotage  !

The Muslims are too crazy and the Israelis too devious ….

There are other shit Holes in the world that dont pose any threats ,no oil ,no crazy religious threats ,no influence.


Richard640 @ 15:59 on July 8, 2019

Posted by Ororeef @ 16:56 on July 8, 2019  

I totally agree with you ..I dont trade options ,but I do watch closely ,i was wondering what you were thinking on that last trade .I suspected some weakness on cde .now I know….My system told me three or 4 days ago was the buy time .

I have a very good timing device ,but  cant watch options as closely as needed …maybe im getting too old !  haha.

My eyes get to burning from too much screen time..dry eyes …Have tried every type of eye lube ,but I think im allergic to the preservative in it all..

Buygold @ 14:32

Posted by ipso facto @ 16:40 on July 8, 2019  

The shares do seem resilient today. If we are on the verge of a multi year run which is certainly possible then you gotta be bonkers to throw your PM shares away.

A little back and filling is normal even without the cretin effers.

Wait til the Iranians give their Houthi pals some super duper anti ship missiles …

Posted by ipso facto @ 16:37 on July 8, 2019  

“Iran-Backed” Attack On Merchant Ship In Red Sea Thwarted: Saudi Coalition



Posted by Maddog @ 16:35 on July 8, 2019  

But as Buygold said, no water fall collapses, …..so far, we are holding in a high consolidation area…that is good.

However time decay means u have to be very nimble ….I’m giving this move a lot more time.

Maddog–I agree–I am beginning to get hints. that the old pre-rally trading pattern is coming back…

Posted by Richard640 @ 16:10 on July 8, 2019  

This could. potentially be a very negative day…gol and silver were incapble of sustaining an. early comeback rally that looked like an ideal set up for a good day…

Classic scum action into the close

Posted by Maddog @ 16:03 on July 8, 2019  

make sure Au is on its lows….and they hit GDXJ for nearly 1 % in the last 4 mins.

Plus even if Powell is doveish, it will have to rally from a lower price.

I don’t like the trading pattern today-I am making no statement on the state of the “gold bull”–but for

Posted by Richard640 @ 15:59 on July 8, 2019  

the purposes of my trade today I prefer to step aside with. breakeven–tomorrow’s another day…I gave it the old college try…I can’t afford to have gold come in tomorrow down 10 or 25 and silver crash thru $15 and down 15 or 20 cent…not with short term options…

FilledSell to Close300  CDE Jul 19 2019 4.0 Call Limit 0.31——13:43:36 07/08/19

Dollar headed up again

Posted by Ororeef @ 15:29 on July 8, 2019  

Other than my portfolio killer MUX

Posted by Buygold @ 14:44 on July 8, 2019  

almost everything else in the pm space is looking pretty solid and strengthening into the close.

That’ll work.

Image result for gold bull pictures

Hi Alex

Posted by Buygold @ 14:36 on July 8, 2019  

$1400 after the close works for me!

What I think would be really great though is if you won the lotto!!


R6, Ipso

Posted by Buygold @ 14:32 on July 8, 2019  

Guys, I think the action particularly in the shares today is downright solid.

Normally, this might be a day when they would crush the shares despite the mild move down in gold, but not today. I like what I’m seeing in the shares, especially with the gold and the SM down, and the USD up a little.

Thinking maybe we get a nice bump when Powell opens his yap tomorrow in front of Congress. Maybe he’ll be dovish???


HUI goes positivo with gold not doing much :-)

Posted by ipso facto @ 13:38 on July 8, 2019  


Posted by Richard640 @ 13:34 on July 8, 2019  

BG – we could see $1400 after NYMEX closes this afternoon

Posted by Alex Valdor @ 13:12 on July 8, 2019  

Keeping ‘everything’ crossed .

R640 – my ‘secure’ retirement fund is a ticket for the next Powerball drawing

Posted by Alex Valdor @ 13:09 on July 8, 2019  

Winterthur is one place I have not yet seen…but would like to .

I know it’s not a lot but….

Posted by Buygold @ 13:04 on July 8, 2019  

the resilience in gold is still pretty impressive.

The scum seems to be having a tough time creating waterfall declines these days. I know they were able to do it Friday on a thinly traded holiday weekend, but not so much today, although the USD isn’t up all that much.

I lived in Winterthur for a year. in 1985–it was still a wonderful place and great people

Posted by Richard640 @ 12:25 on July 8, 2019  
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.