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

CDE up 8.5% to 4.79 in extended trading on good 2nd quarter results

Posted by Richard640 @ 22:04 on July 11, 2019  



Posted by Maddog @ 21:58 on July 11, 2019  

Re anybody mumbo jumbo

PNF = Point and Figure…54 is the box size $ 54 and they are doing a PNF chart of RSI, which has a tgt 20 % up from here….therfore 20 % of 1400 = 280…= 1680.

Stock charts say 1789…$gold is the quote


Richard640 @ 18:58

Posted by Captain Hook @ 21:28 on July 11, 2019  

You are correct too, but market rates, not the Fed’s administered rates, will rise — forcing compliance.

Dangerous situation if it plays out like this.

Eventually very bullish for PM’s as inflation will go through the roof with Trump pushing Fed policy.

Real rates will fall even if nominal rates are rising.

This is what happened in the 70’s and we know what happened.

To the moon Alice.



The Zombie Epocalypse: A River of Denial Floods Markets Everywhere

Posted by Richard640 @ 19:22 on July 11, 2019  

[2018]–So, 2,000 stocks fell an average of 28%, and are nowhere near recovering; but we never had a bear market; it was just a correction. That’s 2,000 companies — many of which have been around for years that lost more than a quarter of all the value they have accumulated in those years in just four months, but that was just a correction!

That shows how biased people are toward interpreting everything as being bullish for as long as they possibly can strain interpretation in that direction just because they want to when they won’t accept that a 40% crash in the FAANGs last summer, coupled with a 20%+ crash in the fall of all major indices but one, which was within a mere head nod of 20%, as well as a 20%+ crash of the overall NYSE from its last high is not a bear market — especially when EVEN THE S&P 500 HOLD-OUT CRASHED 20% INTRADAY!

If you don’t think that’s absurdly biased, then take the next step, and put these calls in context! Think rationally about how much further the stock market would have crashed if the Fed had not put a quick stop to its “boring as watching paint dry,” “auto-pilot” money-supply reduction and its interest increases in one fell swoop.

Then add to that context for the market’s salvation, the additional context that Steven Munchkin had to PUBLICLY call in the entire plunge protection team as he panicked out loud about whether or not banks had enough cash to remain solvent!

Without that sudden (by glacial Fed standards) tectonic shift in the Fed’s long telegraphed monetary policy, coupled with government-enforced investment (the PPT), the market would have crashed into a total hell hole! We all KNOW that the Fed’s instant release of its interest brakes and its shift out of reverse easing (tightening) coupled with the government’s full-forward push on the investment thrusters is the only thing that saved the stock market from going far deeper.

Yet, here people are — even the ones brave enough to say the present rally is perilously overbought — acquiescing to the fantasy that this is still the longest bull market ever! No, the bull died in December, and you are just deep, deep, deep in denial if you parrot that nonsense about the long bull market still running. You are picking and choosing indices to find the sole major index that fits the narrative you want, and then claiming it is the only index that counts. That’s called “goal seeking.”

Now here is the most irrational part

As if all of that were not irrational enough, I actually have an uphill climb in hammering through my argument that this is irrational. What could be sounder proof that the present rally is nothing but irrational exuberance? 

As if the difficulty of conveying a message confirmed by every major index but one (and that one within a rounding error of the same message) is not proof of irrationality, I hear actually people saying, “Where is the irrational exuberance that is needed for a crash? We haven’t seen that yet, and the market cannot crash until we see irrational exuberance.” They actually say that with straight faces in the midst of the steepest rally ever known to mankind! They don’t recognize that they ARE the irrational exuberance!

Then, as if all of that is not the height of irrational exuberance, they claim the market has “priced in” a recession in corporate earnings, even though the market has done nothing but go up the entire time everyone talked about how earnings were going to go way down! How is that “pricing in” a recession in earrings?

Yet, they have become even more irrational than that because I’ve read more than once during this earnings reporting season that the “earnings recession never materialized” because earnings have come in fatter by a gnat’s waistline than the abysmal prognostications these same people had downgraded their projections to — never mind that earnings have, in fact, receded far below what we had been seeing from earnings last year.

In other words, if you, at least, say things are going to be really, REALLY bad just before they turn out to be only really bad, then they really weren’t bad at all!


Cliff Droke is G*D! That’s his day job–he also is a master technician who was correctl bearish on gold for many. years–

Posted by Richard640 @ 19:03 on July 11, 2019  

Gold Is Still A Bargain


Despite the recent rally, gold still offers value to investors.

Gold is undervalued compared to stocks and U.S. government bonds.

Mining stock demand is also still strong, which bodes well for the metal.

After the 10% gold price increase last month, some would-be buyers have concluded that gold has reached its upside potential and is due for a major pullback. Under normal circumstances, this would be a reasonable assumption. But as the events of recent weeks have shown, these aren’t normal times. In today’s report, we’ll look at ways in which gold can still be considered a bargain even at current elevated prices. We’ll also examine the condition of the actively traded gold mining shares as I make the case that mining stock strength is also supportive of buoyant gold prices.

Captain–u. r. 100% kee-rect–your logic is flawless….butt….

Posted by Richard640 @ 18:58 on July 11, 2019  

The FED is a totally political creature..they will accomodate the market. and. not raise…besides, if. they did ALL the world stock markets would crash and the u.s. govvies’ interest costs on its debt would become even more unsustainable…and were there a stock crash, this time  there would not be all that nonsense about a “shortage of dollars”…even if the. $ DID rise in a crash gold would still go up–gold. has. rallied along with the dollar before…


Posted by Captain Hook @ 18:00 on July 11, 2019  

Actually that cocktail means rates must rise. That’s why bonds were hammered today…taking PM’s down for the ride.

Seems we can’t win.


Got gold! Looks like the FED will be doing a lot of cutting…certainly no raising!

Posted by Richard640 @ 17:35 on July 11, 2019  

“Disastrous” 30 Year Auction: Foreigners Flee As Bid To Cover, Indirects Plummet

There is just one word to describe the just concluded sale of $16 billion in 30-Year Treasury bonds: disastrous.

Truckers’ Fears Are At Recession-Level Highs As They Warn Of “Bloodbath” & Bankruptcy

“I don’t know how long I can stay in business if things don’t pick up,”

Not a good day–again, I refer to the fact that this is the. same ole pre-rally type action

Posted by Richard640 @ 16:40 on July 11, 2019  

Looks like we are not home free yet…

Maddog–thanks for the article-it’s. very important so I think I’ll just print it out

Posted by Richard640 @ 16:38 on July 11, 2019  

Is There a Stealth Financial Crisis? Alarm Bells Are Ringing.

By Pam Martens and Russ Martens: July 11, 2019 ~

Neil Woodford, a High Profile Money Manager in the U.K., Freezes Withdrawals from His Flagship Fund on June 3, 2019 (Photo Source: Publicly Released Video)

Shhh! Don’t wake the Wall Street bank regulators from their decade-long slumber to whisper in their ear that the same critical signs they ignored in 2007 and early 2008 are rearing their ugly heads again.

Let’s take a look at the clear warning signs that began in July 2007 and then contrast them against what is happening today.

On July 17, 2007 Bear Stearns announced that two of its hedge funds, which had held about $1.5 billion in investor capital in the first quarter of the year, were now mostly worthless. On August 9, 2007 BNP Paribas, France’s largest publicly traded bank, announced it was freezing customer withdrawals from three of its funds, effectively preventing customers from accessing $2.2 billion. It cited “evaporation of liquidity,” and the inability “to value certain assets,” as a reason.

Fast forward to today: On June 3, 2019 one of Britain’s highest profile money managers, Neil Woodford, stunned global markets by announcing that his firm’s flagship fund, the $4.7 billion Woodford Equity Income Fund, would freeze customer withdrawals. The decision resulted from heavy outflows and a large stake in illiquid stocks. The U.K. securities regulator, the Financial Conduct Authority, has opened an investigation into the matter. You can read its initial assessment here.

During the 2007-2008 financial crisis one of the largest commercial banks in the U.S., which had turned itself into the banking equivalent of an Everything Bagel with appendages that included an investment bank, brokerage firm and monster derivatives portfolio, saw its share price evaporate and announced it was firing 50,000 employees on November 17, 2008. That bank was Citigroup, which would have failed but for the largest government bailout in global banking history. In January of 2009, with its share price still unable to find a floor (it eventually found it at 99 cents) Citigroup gathered up all of its toxic assets (otherwise known as irresponsible management decisions) and dumped them into a so-called “bad bank” called Citi Holdings to be sold off at big losses as the media lights dimmed.

Fast forward to today: Germany’s largest bank, Deutsche Bank, which has a heavy footprint on Wall Street, announced this past Monday that it was firing 18,000 employees and creating a bad bank to hold $83 billion in toxic assets. Deutsche Bank has other eerie resemblances to the Citigroup of 2008, not the least of which is the fact that its share price has tanked by 90 percent since early 2007.

Another similarity is this:  according to the Office of the Comptroller of the Currency. According to Deutsche Bank’s 2018 annual report, it has a notional derivatives book of $49 trillion versus a common equity market value (as of overnight trading in Frankfurt) of less than $14 billion

Updated: July 11, 2019,4:35 pm — 4:35 pm

Anybody get this mumbo-jumbo? I don’t. but I like his 1680 target!

Posted by Richard640 @ 16:20 on July 11, 2019  

PNF for GOLD USING a 54 VB. It’s a simple look. I’ll add a few comments to tie it to a target.The PNF of the RSI for GOLD CONTINUES offers 20% upside in the movement for the RSI. Just for a beginning. So off a 1400 x 20%= 280 that would be 1680.

I’d consider that a very safe target with the understanding to get there GOLD has to tag 1458/1512/1566/1620 first.

OH notice the break out. Similar shows on the RSI PNF.

1566 1566
1512 1512
1458 1458
1404 O X 1404
1350 O 9 6 1350
1296 A 4 O X 1296
1242 B X O X 1242
1188 O X 8 1188
1134 C 1134
1080 1080
1026 1026
972 972
16 17 18 19
Updated: July 11, 2019,4:18 pm — 4:18 pm

49 Trillion in Derivatives, held up by fast shrinking $ 14 Billion mkt cap…no sir nothing to worry about…….Gulp !!!!

Posted by Maddog @ 15:34 on July 11, 2019  

Is There a Stealth Financial Crisis? Alarm Bells Are Ringing.

back online

Posted by treefrog @ 15:23 on July 11, 2019  

had a malware attack.

i got a new computer, a new, more secure operating system, and a new browser.  now, i’m learning all the new navigation.  what a pain in the a$$!!


Well kinda disappointing action

Posted by Buygold @ 15:11 on July 11, 2019  

although I guess not unexpected after a decent day yesterday.

Can’t really expect a big number like HUI 200 to be breached without pushback.

Especially with the USD up a little but the Ten yr. rates up hard to 2.11% – actually, I’m surprised we’re not being hit worse.

Dreaded last hour on deck.

Dang!! The. HUI is saying. there’s little chance of recovery–the PPT is hitting PM shares with an algo storm

Posted by Richard640 @ 14:13 on July 11, 2019  


A. good reason to sell gold…makes sense to me…[t’would be very bullish if gold can recover by days end]

Posted by Richard640 @ 14:11 on July 11, 2019  

Powell warns on debt

[Let’s see-the U.S. has too much debt…then higher. rates would make it worse…chance of default…no way to reduce it…means weaker dollar…sounds like gold would be the perfect safe haven…so why is gold $23. off its high and the $ now green—although not by much…recovery later? If the bulls put their money where there mouth is-where are you Paul Tudor?]
[P.S.—Congress and Wall just discovered today that debt. was a problem??  They needed Powell to surprise them with the bad news??]

Federal Reserve Chairman Jerome Powell said Thursday that the global economy could suffer “unthinkable” damage if the White House and Congress fail to raise the federal debt limit.

Testifying before the Senate Banking Committee, the Fed chairman said it was “essential” for Congress to raise the legal limit on the federal debt before the U.S. government defaults on its loans.

If Congress and the White House cannot reach a deal to raise the debt ceiling by the end of the month, the government may have mere days to prevent a catastrophic default when lawmakers return to Washington in September.


Maddog–a good point. about a slow grind-I guess we have no choice but to put. up with it…

Posted by Richard640 @ 14:09 on July 11, 2019  

Of course no such logic applies to stocks or Bitcoin…Sigh!…gold devotees have their cross to bear….


Posted by Maddog @ 13:10 on July 11, 2019  

The trading pattern is designed to drive u nuts….but so far the overall move is solid and I’ll live with a slow grind higher, that attracts few, as that means the bull has a long way to run, as no sign of a mania etc.

The CPI didn’t bother stocks which means traders consider a rate cut a done deal

Posted by Richard640 @ 12:17 on July 11, 2019  

But gold seldom recovers even though the. reason it sold off is no longer valid…there’s too much of the old pre-rally trading pattern happening…but not enough to make me throw in the towel…how bout chew?

Well we have the answer

Posted by Maddog @ 10:52 on July 11, 2019  

the scum are just going to keep selling and selling.


Posted by ipso facto @ 10:16 on July 11, 2019  

A few of those coins fell into my pocket. 🙂

The Fish Market

Posted by ipso facto @ 10:11 on July 11, 2019  

Acosta Scrapped 53-Page Epstein Indictment In 2008 “After Secret Negotiations”: Fmr State’s Attorney


Ipso–I know that some here have lost money with NGD and I know it’s no great shakes but

Posted by Richard640 @ 10:03 on July 11, 2019  

someone made good coin in June 2016 when the. rising tide elevated it to $5.20…


Posted by ipso facto @ 10:00 on July 11, 2019  

Leprechaun Deposit High-Grade Main Zone Expanding with New Drilling: 4.24 g/t Au over 74.0m, 6.94 g/t Au over 24.0m & 10.03 g/t Au over 19.0m, Valentine Gold Camp, NL


I am disgusted–all this sell-off because of a 1/10 hotter–as if that. was the only reason to own gold.

Posted by Richard640 @ 9:59 on July 11, 2019  

any ole excuse to slam gold–the sell-off this a.m. was because of “hot” core inflation–what. a joke=


The problem for rate-cut-hopers is that the picture is mixed at best. Headline CPI slowed to +1.6% YoY (exactly as expected) – below The Fed’s mandated 2.0% ‘stability’ level; but core CPI rose 2.1% YoY (hotter than the expected 2.0%) and above The Fed’s 2 handle…

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