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

Richard640 @ 17:33

Posted by Captain Hook @ 21:00 on July 16, 2019  

Yes in ‘normal’ market conditions this is the case. However we do not have normal markets anymore. In fact we don’t have markets for the most part. The trading environments thought of as markets today are too heavily managed to resemble free price discovery mechanisms.

Today’s trade was a perfect example. How did the status quo resolve the collapse in the gold / silver ratio all the way to the 50 day moving average? Answer: By smashing gold while a small bid was allowed to enter silver. Silver tends to out-perform at the end of cyclical runs no matter the degree, setting the stage for more sector wide weakness as the gold / silver ratio corrects back up into options expiry, and likely beyond if the entire move from June needs to be retraced now.

The good news is a bullish five-wave sequence has now traced out in silver (and its derivatives too) — signaling further upside once consolidations (a – b – c affairs) are traced out. This was a missing component to the larger sector sequencing up until just a few days ago.

So it appears the manipulation might be able to delay more impulsive moves in the sector — but not forever.

Like I said earlier today…the (huge) money from bonds needs to go somewhere…and some of that money will find its way into PM’s.

And it won’t take much to move the entire tiny PM sector a great deal.

Cheers

Just one more reason to sell gold

Posted by Richard640 @ 19:56 on July 16, 2019  

 

 

Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day

It also means that countless hegde funds are suddenly at risk of being gated on whatever liquid exposure they have toward Deutsche Bank.

To be sure, Deutsche Bank’s hedge fund balances have been declining throughout the year as speculation swirled around Sewing’s intentions for the prime brokerage, but the rate of redemptions was far lower than $1 billion per day. Now that the bank jog has become a bank run, the next question is how much liquidity reserves does DB really have and what happen if hedge funds clients – suddenly spooked they will be the last bagholders standing – pull the remaining €150 billion all at once.

We are confident we will get the answer in a few days if not hours, until then please enjoy this chart which compares DB’s stock decline to that of another bank which was gripped by a historic liquidity run in its last days too…

 
https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day

Trannies up. 193. today and also had a day like this last. week–anybody got a clue what this means??

Posted by Richard640 @ 18:52 on July 16, 2019  

10,794.59+193.56 (+1.83%)

As of 5:04PM EDT. Market open.

Captain–do. u think this is right?

Posted by Richard640 @ 17:33 on July 16, 2019  

“GOLD’S CHART: Tight and tighter is the Consolidation Pattern Evolving: As the consolidation pattern builds, the volume wanes and that is almost always a sign of impending strength not weakness. Our propensity add to the position is high and is rising!”

Captain–thanks for the bullish. comments-please continue to call them. as u see them!!

Posted by Richard640 @ 17:11 on July 16, 2019  

We, the initiated, KNOW the reason why!

Posted by Richard640 @ 17:03 on July 16, 2019  
FED easing. was cited as the spark that set off the. recent gold. rally—what? No Longer?  So. why was the $ strong today and gold down?
 

Out today=Powell in Paris said that many at the FED see the stronger case for a FED rate cut

 
Also out today-as per CNBC=
  • Fed’s Charles Evans says he’d be comfortable with ‘a couple’ rate cuts before the end of the year

    PUBLISHED 2 HOURS AGOUPDATED AN HOUR AGO

  • Chicago Fed President Charles Evans said he favors two rate cuts before the end of the year.
  • Markets are widely expecting the first easing to come at the July 30–31 central bank meeting.
  • Evans said he is worried about low inflation and several other issues.

White. house says. expect.  one trillion. dollar deficit-  the biggest ever. excluding. years of recession

Maddog, Buygold

Posted by Warren @ 16:40 on July 16, 2019  

I like how silver gave the scum the finger today. They leaned hard on the pms – gold, platinum and palladium and were able to keep them well in check. But silver would only go so far. I think there is a rumbling in the distance that could turn into something big and if silver blows, what else will go too? If silver is the achilles heel, the scum be limping pretty soon.

deer79

Posted by Buygold @ 16:09 on July 16, 2019  

Well they did a number on gold, but considering the USD strength and rise in rates, and silver up. I think we got off pretty easy.

I had a couple silver stocks that were up 8-9%. They shouldn’t have been, but volume was heavy in the silver complex across the board, either shorts want out real bad, or momentum players want in real bad.

I do agree with the Capt. it may just be a matter of time before our suffering ends.

A little bit of dollar weakness will go a long way IMHO.

deer79

Posted by Maddog @ 16:01 on July 16, 2019  

PM’s had to be tame today, their beloved SM was weak…that rule is written in stone.

I hate the scum so much

Posted by deer79 @ 15:53 on July 16, 2019  

Every play in the playbook…..

NGD–the gift. that doesn’t stop giving…

Posted by Richard640 @ 15:21 on July 16, 2019  

NGD-I suspect that the street and insiders know good earnings are coming

1.3400+0.06 (+4.69%)

 
As of 3:06PM EDT. Market open.

scum at work

Posted by Maddog @ 13:30 on July 16, 2019  

PAAS up near 7 % ……NEM down 0.7 % …..

Buygold

Posted by Maddog @ 13:28 on July 16, 2019  

Not sure Faceplant will be allowed to run a Crypto, too much competition for the Dollar and Fall st …but it won’t be easy to stop them, unless they taken apart by Anti Trust, as they can argue loads of other two bit Co’s have launched them…

Flash-!!!=on FOX Biz. channel

Posted by Richard640 @ 13:09 on July 16, 2019  

1:03–powell speaks. in paris reaffirms rate cut-just out on FOX Biz–he turned gold-lets see if it lasts and watch the dollar=reported that. he also is.  watching risks of debt ceil breach and Brexit

My JNUG just did. a rocket launch!!  Silver just made. a new high…the $. is drifting off its high–if it continues gold could. get explosive

https://finance.yahoo.com/quote/JNUG?p=JNUG&.tsrc=fin-srch

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

HL

Posted by Richard640 @ 12:54 on July 16, 2019  

I.  got out of cde–made good coin-i got no silver–hl is crap–got a lot of debt-486 mill float–lousey stats–it’s been comatose during this. rally —up 2 cent—down 2—

 
but today it came alive on high volume—the. range. was 1.71-1.84—last 1.80 and well bid—within the last 12 months. it was 3.22—in. june 2016, it. was 6.49—kinda like the set up for ngd—accordingly. I took a flyer…hl was not the date i wanted to take to the prom…cde was but to get back into cde options is too expensive now…these options settled at. 12 yesterday-i have no idea who’s writing them today at 14 cents but thanks to he, she, or it…today could be. a “launch” day for silver…that may not be the case but that got  me out of  the stag line…

 
 
FilledBuy to Open136HL Sep 20 2019 2.0 CallLimit0.14—-12:35:41 07/16/19

FilledBuy to Open99HL Sep 20 2019 2.0 CallLimit0.14—-12:35:41 07/16/19

FilledBuy to Open23HL Sep 20 2019 2.0 CallLimit0.14—-12:35:41 07/16/19

FilledBuy to Open142HL Sep 20 2019 2.0 CallLimit0.14—-12:35:41 07/16/19

Richard640

Posted by Captain Hook @ 12:51 on July 16, 2019  

Things have definitely changed. They have printed so much money the inevitable is unstoppable.

The money is coming out of bonds and needs to go somewhere.

So it’s just a matter of time now.

Cheers

 

Coming right back

Posted by Buygold @ 12:42 on July 16, 2019  

for once, resilience is paying the bills…at least in silver

Looks like record volume for SLV is around 50 million shares, we are currently sitting at 25 million

Should be clear sailing to $15 – should being the operative word.

CAPTAIN–beach ball—-perhaps an old analogy but very apt-especially coming from u who never were

Posted by Richard640 @ 12:27 on July 16, 2019  

a pom-pom waver for gold but saw clearly what was going on–thanks for the conviction booster–HUI is actually up a tad…

Big Dump

Posted by Buygold @ 12:05 on July 16, 2019  

Those bastards just came in and dumped gold pretty hard which of course took a bite out of silver too.

Funny thing though, the silver shares aren’t giving up much ground yet, but the gold shares took a nosedive.

Probably some Fed Head opened his yap.

Gold industry review: Falling production at world’s biggest gold mines, costs kept under control – Q1 2019

Posted by ipso facto @ 11:19 on July 16, 2019  

Hmmm Ghana now producing more gold than South Africa.

Gold industry review: Falling production at world’s biggest gold mines, costs kept under control – Q1 2019

A billion here and a billion there ….

Posted by ipso facto @ 11:09 on July 16, 2019  

Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day

https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day

I wonder when their “Bad Bank” is going to issue debt? That’ll be some tasty tranches. Maybe even at a positive interest rate!

Portugeezer @ 10:38

Posted by ipso facto @ 11:05 on July 16, 2019  

I’d love to see it! I think Trump likes gold, but I don’t see the dollar being backed with gold again until it’s value is pretty much destroyed and the oligarchy is desperate. JMO

Buygold @ 10:21 on July 16, 2019

Posted by Ororeef @ 10:38 on July 16, 2019  

You are probably correct ,but its going to be tough to control it….,they are very concerned about TAXES and offshore transactions ..You can bet the Russians and N.Koreans are ready to exploit it.Corporations are all multiNationals now …Once that cat gets outta the bag all hells gonna break loose  …..

Governments are competing with Governments and when they fight ,we get trampled unless we got GOLD …..!

Hi Oro and all

Posted by Portugeezer @ 10:38 on July 16, 2019  

Can we combine Trumps talk about reducing the value of the USD and the new Federal Reserve Notes?

Just suppose Trump decides to go back to a Gold Backed US Dollar (study the graphics on the new notes).

He can declare the current Reserve Note’s value to be equal to, say, 60 on the index.

A huge devaluation, then let it float down to its intrinsic value.

The value of Gold will float up so that the Gold held by the USA is equal to the notional value of all the actual currency in circulation.

Could it be? Once it is done, who cares if Trump is not re-elected?

No more blackmail of Judges and Politicians and a US Dollar that one can have faith in.

Fantastic wins for Trump!!!!!!!!!!!!

Jailbreak …………. Silver $15.60 :-)

Posted by ipso facto @ 10:23 on July 16, 2019  

Fortuna silver on verge of breakout

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