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

Buygold–Amazing! The same pattern=gold down a few tonight and silver up a few tomorrow

Posted by Richard640 @ 19:39 on July 21, 2019  


R6- yeah

Posted by Buygold @ 19:12 on July 21, 2019  

a bit of a down open in the morning might work in our favor – hopefully.

Friday was a weird day, options expirations games.

We let some air out of the balloon though. We’ll see.

Got gold? we may have to wait till the fed meet for the next leg up in G&S

Posted by Richard640 @ 18:51 on July 21, 2019  

Morgan Stanley: “A 25bps Cut Won’t Be Seen As Aggressive, And Will Disappoint The Market”

“Our own simulations have shown that, in terms of a positive impact on the economy, 25bp in cuts is a rounding error, while 50bp might be enough to mitigate the downside risks we face today.”

Buygold–I am glad to see the down open in G&S tonight–I hope it continues through the stock mkt open tomorrow

Posted by Richard640 @ 18:47 on July 21, 2019  

I got an option trade I’m gonna lay on u tomorrow–not in G&S but in earl…

This guy is very good–I am taking a monthly subscriptionas long as gold is bullish–he is very helpful IMO–sorry there is no link I can find for this article

Posted by Richard640 @ 18:44 on July 21, 2019  
NFTRH is a 100% Independent Research and Strategy Based Market Service, Effectively Managing All Market Conditions



In the last eLetter on July 14th we pointed out why the CoTs for gold and silver were not necessarily to be feared despite the extended readings. We highlighted the bullish HUI/Gold ratio, the bullish charts of gold and HUI, and the very constructive state of silver, including this…

“As you can see, silver has rallied just a bit and the CoT have shown increasing spec longs and commercial shorts. All normal. I think it is a positive that silver has been muted in price and in CoT relative to gold. It’s almost as if its in the weeds, laying in wait. And those of us who’ve been around a while know that’s not usually its M.O.”

Silver lays in wait no more. Our bullish stance on not only the gold miners, but silver itself has been rewarded as the expected catch-up move in Silver/Gold manifested last week. On Friday per a post at the website I unloaded a position in SLV that was initiated back at the May lows. Enough was enough and profit needed to be taken somewhere (silver miner positions were held).

Silver (SLV) is Two Things… (July 19)

The day before however, a detailed public post showed why the big picture for the precious metals – and especially the gold miners and likely, silver, is so very positive even within the conservative view put forth in that article. Frankly, I’ve rarely seen such a setup. But then again the gold miners and silver have rarely hit such under valued readings (refer again to last week’s eLetter to review those details). Silver is under valued relative to gold and the miners are under valued relative to gold and relative to their own fundamentals. The best part is that even if this is merely an A-B-C upward correction HUI could still have another 70% upside and many of the miners we track, much more.

Precious Metals Big Picture, as Silver Gets on its Horse (July 18)

So the Silver/Gold ratio zoomed through the daily SMA 50, but halted at the SMA 200. Again, enough was enough for one week. The major trend, which I do give a decent shot at changing in the coming weeks or months, is still down. As such, a broader inflation trade is not yet definitively indicated.

I was a little disappointed to see the difference in popularity between a bullish silver tweet I made on Friday and a tweet in which I’d noted the sale of SLV (a current long position, SVM was used as the silver miner example in this case). That may not be a lot of likes and retweets for some, but they are more than I’ve ever received by a long shot. This tweet’s message is clear, however. It’s a launch, not a phase-ending blow off.

A subsequent tweet noting the SLV sale barely registered although one noting the contrary dynamics in play at least had a pulse.

Bottom Line

Sure, people are flying into the story now. That very fact makes silver and the precious metals vulnerable to near-term volatility. My personal tack is to take some profit but to keep my eye on the big picture, which is flat out bullish now… and I am not even talking major new bull market, as some are currently. That’s putting the cart before the bullish horse.

Silver may have signaled a time of coming volatility but it also made a higher high and thus established an uptrend. Within a conservative view, we have HUI and silver out performing gold and even gold itself going to the high 1500s. Do check out the Precious Metals Big Picture post linked about for the ultimate targets. Meanwhile, the sector is fun again and we charted a bunch of miners in NFTRH 561 this weekend and the big picture view allows us to sit back and manage the volatility in a rational and profitable way going forward.


Posted by Buygold @ 17:33 on July 21, 2019  

Bank of America – Long silver? Really? I get the contrarian part, especially with a short on the USD which has been uber strong.

Euro credit and debt? No clue.

Deutsche Bank going under? Doubtful, agree that Germany will force the EU to paper over that problem. Just wonder how the Euro could strengthen against the dollar if the EU bails out DB.

Exciting times. Hopefully all us gold holders are in the right spot for the first time in a long time.

Sun Day

Posted by Maya @ 15:22 on July 21, 2019  





DB will never fail

Posted by Richard640 @ 9:41 on July 21, 2019  
Hey, Mike, ever heard of TBTF?  Well, you just defined it.
DB has been bankrupt for at least a decade but keeps plugging along. Germany will never let it go under as it is Gemany’s only seat at the world banking forum.
There are a couple of Italian banks in much worse shape, that should have gone under again, but they are being propped up.  That’s right, Italian banks.  So no, I don’t see anyone letting DB fail.
Riddle me this, after Lehman collapsed, the central banks came in and had things back up and running within a matter of months…..simply by pampering over everything, and have been doing so ever since……if it is a matter of paper in over problems, what make you think this will ever go down?
Things……or DB……will “collapse” when TPTB are ready for it to collapse so they can rearrange whatever it is they want to rearrange.  But you can bet your ass, it will be a building 7 moment…….controlled demolition

Got gold?

Posted by Richard640 @ 9:34 on July 21, 2019  

A Bank With $49 Trillion In Derivatives Exposure Is Melting Down Before Our Eyes


The fundamental structural problems that were exposed during 2008 and 2009 were never fixed.  In fact, many would argue that the global financial system is even more vulnerable today than it was back during that time.
And now it appears that the next “Lehman Brothers moment” may be playing out right in front of our eyes.
Now more than ever, keep a close eye on Deutsche Bank, because it appears that they could be the first really big domino to fall.



The end is nigh, brother, the end is nigh! 
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty  Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.