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

Buygold–when pros and amateurs say gold is just “pet rock’ or a buggy whip…that it’s a dead asset that doesn’t pay interest…

Posted by Richard640 @ 20:48 on July 12, 2019  

there is always an answer that a gold devotee can. give to them:

Then why are the worlds central banks buying so much gold and why do they list it as one of their assets?

That’s what I tell myself sometimes when zi get discouraged…that was a good article you linked us to….

Yesterdays Press Gathering At WH

Posted by commish @ 20:47 on July 12, 2019  

So, who else will buy UST’s besides Japan? Certainly not China anymore…

Posted by Buygold @ 18:20 on July 12, 2019  

The World Acquires More Gold While China Is Dumping Treasuries

buying from central banks in the first five months of this year is 73% higher than a year earlier, with Turkey and Kazakhstan joining China and Russia as the four biggest buyers…

Gold just closed the-e-trading. at 5:15 pm at 1417.80-up $11.20–a buck off the highof the. day.

Posted by Richard640 @ 17:24 on July 12, 2019  

Finally some good news on the gold Commercials=The commercials increased their longs by 3,673 contracts and reduced their shorts by 4,733 contracts.



*The large specs reduced their long positions by 3,659 contracts and increased their shorts by 1,645 contracts.

*The commercials increased their longs by 138 contracts and reduced their shorts by 6,648 contracts.

*The small specs reduced their longs by 752 contracts and increased their shorts by 730 contracts.

The commercials are net short 45,277 contracts as of last Tuesday.


*The large specs decreased their long positions by 6,597 contracts and increased their shorts by 7,586 contracts.

*The commercials increased their longs by 3,673 contracts and reduced their shorts by 4,733 contracts.

*The small specs increased their longs by 5,056 contracts and reduced their shorts by 721 contracts.

The commercials are net short 278,416 contracts.

A pleasant minor plus, as the selling by The Gold Cartel/JPM had a number of spec longs taking profits.


Posted by Buygold @ 17:03 on July 12, 2019  

Completely agree with Orsley and his take on why the Fed HAS to cut. It’s all about the debt.

Gov’t spending in combination with rising rates is a killer for gov’t debt and expenditures.

Rate cut has nothing to do with a weakening economy, Government spending keeps a big part of the economy chugging ahead. That includes companies like mine that do work for the Dept. of Energy and Dept. of Defense.

Rates above zero are unsustainable for US gov’t debt.

“Time To Leave The Party” – Former Lehman Insider Warns “More Risk Than Reward” In Markets

Posted by Richard640 @ 16:28 on July 12, 2019  
We’ve seen this farce before, as Bloomberg details, when Lehman went bust, the mother of four was a portfolio manager at its investment arm, but before that, in May 2007, Gomez-Bravo became cautious on U.S. risk and issued warnings on corporate health– which bear echoes with the intense hunt for yield today.


Yeah…it looks like gold’s gotta go higher…not much chance of turning it into a liquidating

Posted by Richard640 @ 15:54 on July 12, 2019  

market…Powell’s gotta keep the $ from rallying…like it or not, gold’s going. higher…


This is the main point you should chew on this weekend; you may disagree with my data deterioration theme which gives the Fed reasons to cut, but do not miss this important point why the Fed will cut:
Rising deficits which causes increase treasury supply at a time when foreigners are losing their appetite to fund the US govt (as noted above in the bond auction) means the Fed needs to talk dovish/cut rates/provide accommodation/inject liquidity in order to keep yields from rising. We saw what happens when front end yields like 1y1y rise above 3% as it did in Q3 2018; the system breaks.
As I said in Tuesday’s note, we are seeing this issue play out in the FF/IOER spread whose widening is purely on the back of too much government debt sitting on bank balance sheets. The Fed is struggling to control front end rates and you cannot have rates rising or this whole economic cycle and market will fall apart.
The Fed has to ease, long-term economic trends show data deterioration, but there appears to be a bit of inflation creeping into the pipeline, i.e. stagflation. That all means steeper curves and now higher gold prices.

Maddog re: Japanese Crypto

Posted by Buygold @ 15:52 on July 12, 2019  

Yet, Bitcoin has no problem rising 20-30% in a week. No risk there.

Go ahead, take your risk on a crypto exchange, just make sure you pick the right one and don’t get your wallet hacked or stolen.

Gold is real threat to the banksters money printing operations. Bitcoin and other crypto’s can be managed and they know it.

Get your COT’s

Posted by Buygold @ 15:43 on July 12, 2019  

Hot off the presses – pretty dull report. No doubt meaningless like every other indicator.

As Maddog mentioned, this will put you to sleep with the regulators at lunch



Japanese Crypto Exchange Suffers $32 Million Hack

Posted by Maddog @ 15:37 on July 12, 2019  


I think we’ll all sleep a little easier this weekend, as at least u have to back a truck up, or kick the door in to get our stash…instead of merely employing some 16 yr old, whose lack of personal hygiene triggers smoke alarms, fire alarms and peels paint….

SM cruising into record Hi’s

Posted by Maddog @ 15:31 on July 12, 2019  

so we’re allowed a few pips up…notice NEM is well under the scum cosh, pulling Hui back.

The short possy in NEM must be 100 of times the float…meanwhile the regulators are passed out from another epic Friday lunch, courtesy of Jamie and the Boys.

Looks like the last hour beatdown is still in play

Posted by Buygold @ 15:27 on July 12, 2019  

Sort of drifting lower towards the close, nothing unusual from any other day at this point.

Still given the recent strength of the dollar, I think we’re doing pretty well at least in gold.

Shares and silver have a long way to go. If some folks make the right call and the bull is on, silver and the shares will make them a lot of money. JMHO

Today. is historic=check out the Trannies=up a mind blowing 253 points

Posted by Richard640 @ 15:10 on July 12, 2019  

The EVERYTHING BUBBLE is still alive and well after 10 yrs…and I guess the runt of the litter,  gold, is going. to be dragged up. with it…or so the theory goes…N’yuk! N’yuk!



Posted by Buygold @ 14:17 on July 12, 2019  

Yep, I see that the rates on the Ten Year have come back in and now are sitting at 2.11%, also see the USD is giving up some ground and pm’s are actually acting accordingly.

PM’s are definitely not screaming to the upside, but the HUI is back above 200 which is nice to see.

Gold is actually starting to outperform the dollar. Imagine what might happen if the dollar really fell?


They ain’t nickle options…but I’ll take the bet that smelly ole NGD might be able to tack on another paltry 14 cents….in 4 months!

Posted by Richard640 @ 13:54 on July 12, 2019  

FilledBuy to Open 200 NGD Nov 15 2019 1.0 CallLimit0.34—-13:47:16 07/12/19

FilledBuy to Open 200 NGD Nov 15 2019 1.0 CallLimit0.34—-13:47:16 07/12/19


Posted by treefrog @ 13:23 on July 12, 2019  

a close over 200 would be a positive omen.


day after day…month after month…the mind-numbing rise in stocks and Cryptos goes on

Posted by Richard640 @ 12:34 on July 12, 2019  

The liars on the 3 biz channels. never mention anything about RSIs-COTs-too bullish sentiment…they talk. as if it were all quite normal and debt and all the macro problems didnt exist…

But gold goes from 1300. to 1411 [just now]. and everybody’s shi**ing their pants…

no need complaining about it…it. is. what it is…All that. said, one can still extract his pound of flesh from this rigged. system if one’s eyes are open…

weekly charts…

Posted by treefrog @ 12:16 on July 12, 2019  

gold, silver, hui all looking like a weekly close in the green.

Buygold–that was earlier–the 10 yr note. is down 2/64ths. and the $ is. still down a whisker–so those 2 excuses for gold

Posted by Richard640 @ 10:29 on July 12, 2019  

going nowhere are not valid…gold is under total control…the only nagging. question that the “there is. no manipulation” contingent can still ask is why is gold allowed to hold its. gains. and still be over 1400?…I tell ya it’s a conundrum wrapped up in a mystery…t’would be nice. to. see. the bulls. carry. the. day…



Thanks, NGD, for cramming another $3,815.16 into Mr and Missus R640s pocket so early in the a.m.-my 600 nickle options just traded $24. a copy

Posted by Richard640 @ 10:21 on July 12, 2019  


Account value$xxxx-,756.00.  + $3,815.16 (1.30%)
NGD having a nice. day on big volume so far…


Posted by ipso facto @ 10:18 on July 12, 2019  

They better change their policies very soon or it’s RIP Europe!

Maybe Volvo leaving would be the punch in the face that the Swedes need.

Sprott Money News Wrap Up

Posted by ipso facto @ 10:17 on July 12, 2019  

Wow Ipso

Posted by Buygold @ 10:13 on July 12, 2019  

Volvo leaving Sweden would be a huge blow to the country.

Soros and the EU have done a masterful job of destroying Europe with refugees.

A tightening of tensions

Posted by ipso facto @ 9:54 on July 12, 2019  

China To Sanction American Companies Selling Weapons To Taiwan


Allah Akbar

Posted by ipso facto @ 9:39 on July 12, 2019  

Volvo CEO Says Company May Leave Sweden Partly Due To Rise in Violent Crime


Older Posts »
Go to Top

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