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

Treefrog–silver’s 15 cent off its low

Posted by Richard640 @ 22:08 on July 23, 2019  


spot gold AND silver

Posted by treefrog @ 21:07 on July 23, 2019  

both got a nice pop at about 20:30 New York time – right after the Hong Kong market opened.  somebody in Asia’s buying…

silver jumped a dime, gold three bucks.


“Curiouser and curiouser,” said Alice…

Gold Train

Posted by Maya @ 20:48 on July 23, 2019  


Just yesterday morning…

Big Boy flies high above the Kettle River
in the Minnesota northwoods


Carter Worth is a master technician and frequent and respected guest on CNBCs’ Fast Money at 5pm

Posted by Richard640 @ 17:15 on July 23, 2019  

“I have no real price objective for gold or silver, other than “higher”. Which is to say, the bet is that we’re witnessing a structural change taking place for the first time in years, in which precious metals outperform (general) equities… and trade much higher than where they are trading at present. May it be so!” — Carter Worth, Cornerstone Macro


Posted by Richard640 @ 17:13 on July 23, 2019  

Ouzo for all….

Robert Burgess?Verified account @BobOnMarkets 
It finally happened: Greece 10-year sovereign bond yields have dipped slightly below 10-year U.S. Treasury yields. They were lower by 0.006 percentage point this morning

Washington (CNN)President Donald Trump and bipartisan congressional leaders clinched a sweeping two-year budget agreement that would produce hundreds of billions in new spending and take the threat of a fiscal crisis off of Washington’s plate for more than two years.

Opinion: Who’s ready for decades of low or negative U.S. interest rates?

July 23, 2019 11:45 a.m. ET

The Federal Reserve believes low interest rates will solve America’s inequality problem

We used to worry about dovish Democrats taking over the Fed and cutting interest rates and bringing back the inflation of the ’70s. Now the Republicans are doing it! A Democratic administration would behave no differently. Sobering thought — we are in for decades of ultra-loose monetary policy.

For the fourth time in nine months, the International Monetary Fund has cut its global economic forecast.

Buygold–a lotta talk online about that Philly report-saying something is fake…

Posted by Richard640 @ 17:01 on July 23, 2019  

R6 – and then of course there was the Philly Fed Report

Posted by Buygold @ 15:59 on July 23, 2019  

Which was off the charts great. I think it was around 21 vs. estimates of 6 or even 3.

How the hell can they even calculate any of that stuff?


Posted by Buygold @ 15:48 on July 23, 2019  

HUI looks decent but they are selling the small caps into the close. MUX leading the charge to the downside. Was hoping it wouldn’t break $1.85 but McEwen is their whipping boy.

This is a tough spot. We’re holding up well considering how strong the USD, Treasury rates and the Stock market are today.

Maybe R6 is onto something with the GDP coming out Friday?

The Fed desperately needs a weak data point so they can cut into it.

To me, it looks like the rest of the world is trying to destroy the US economy by inflating the USD. But what the hell do I know??

Mr. Copper–I agree!

Posted by Richard640 @ 15:48 on July 23, 2019  

4h–Economist David Rosenberg

Richmond Fed Manufacturing survey order backlog index collapses to its lowest level since April 2009 and has contracted now for eight months in a row for the first time in five years. Still think this is just going to be one single “insurance” Fed rate cut?
The Chicago Fed NAI figure shows the US economy growing about a half-point below potential. This spells rising unemployment rates and declining CAPU rates ahead. If the growth shortfall continues, the output gap closes by year-end and deflation pressures will intensify.

scum desperately trying to kill the TA bull flag break out in AU

Posted by Maddog @ 15:30 on July 23, 2019  

in days gone by they would have smashed it back already, now life is not so easy.

My guess is we have some serious buying going on and it could well be from China…the latest demo in Hong Kong turned very nasty…..rumours that ‘someone’ paid Triad thugs to beat up demonstrators.

If your Chinese. life under Xi ain’t looking too clever, a few ounces under the bed/in the garden, makes a lot of sense, with the future so bleak.

1 oz each = over 40 K tonnes, 4 Oz = 160 K …all the Gold that has ever been mined, according to James Turk.


Posted by treefrog @ 15:00 on July 23, 2019  

making a little afternoon comeback.  some of the shares catching some updraft…

The GDP Is A Load Of Crap

Posted by Mr.Copper @ 13:58 on July 23, 2019  

If it’s high it still does not raise incomes and tax receipts, or living standards. And if they include retail SALES of imports? Its even more stupidity. More sales higher GDP means more trade deficit.

As far as I’m concerned the REAL GDP has been negative since 1975. Negative growth in wages and living standards. Maybe GDP is simply reflecting global business to business profits. They have been avoiding US labor and US taxes since 1975 imo of course.

I think she’s screwed … something something about chickens, roosting

Posted by ipso facto @ 13:50 on July 23, 2019  

Ethics Complaint Filed Against Rep. Ilhan Omar; Accused Of Immigration, Tax And Student Loan Fraud



Posted by Richard640 @ 13:44 on July 23, 2019  

Most economists anticipate that an annualized pace of 1.5%-1.8% after 3.1% in Q1.

Posted by Richard640 @ 13:08 on July 23, 2019  

The US reports its first estimate of Q2 GDP on July 26.

Most economists anticipate that an annualized pace of 1.5%-1.8% after 3.1% in Q1.  The Federal Reserve collectively sees trend growth, or the non-inflationary pace to be around 1.9%.  At the beginning of the expansion, it has estimated the central tendency to be near 2.65%.  The price deflator may have doubled to 1.8%, and the core measure is likely to have risen from 1.2% rate seen in the first part of the year.

The market impact may be minor and primarily limited to the headline effect.  What the Fed decides to do at the July 30-31 meeting is not so much a function of Q2 GDP.  It is not really based on the current data, and as the Fed’s Clarida explained, one needs to move before the data turns down.  NY Fed’s Williams call for swift, preemptive action when necessary also helped depress the implied yield of the August fed funds futures to a new contract low below 2% before rebounding a bit ahead of the weekend and after the NY Fed suggested Williams comments were misinterpreted.

The market was eager to believe the Fed was going to cut 50 bp in one move that it seemed to willfully confuse the seeming assurances of the timing with the magnitude of the move.  At one point, the fed funds futures market was pricing in around a 70% chance of a 50 bp cut.  The pendulum of sentiment began swinging back, but it still finished the week better than a one-in-five chance of a 50 bp cut.

BAANG Stocks versus FAANG Video

Posted by Mr.Copper @ 12:26 on July 23, 2019  
  • John Roque, technical analyst at Wolfe Research, believes a group of gold miners he coined as ‘BAANG’ are better plays than mega-cap FAANG names as the popular growth stocks might have reached their peaks and have started losing steam.
  • “We made this index BAANG in homage to the fading FAANG.” Roque said. These gold miners are “much like gold. So gold has broken out but it’s still down way from its highs in the 1900 thereabouts and we think both gold and those stocks have more room.”
  • BAANG stocks are Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada and Gold Fields.




Guy above sounds like he knows what hes talking about. Those 5 miners am very familiar with. Are good companies. If the trend continues the mutual fund managers target the big caps. They have too much money for smaller caps. The Canabis stocks may be taking a back seat now to the PMs. (Precious Metals Miners)

Looks like Maund’s correction may be here

Posted by Buygold @ 11:39 on July 23, 2019  

Hopefully nothing too crazy but no doubt there are tons of gaps to be filled in these shares.

Had to figure the scum wouldn’t let us blow right through $16.50 on the first try knowing the implications.

Maddog @ 11:03

Posted by ipso facto @ 11:06 on July 23, 2019  

Thanks for the insights and Good Luck to Boris Johnson!

Sure hope the citizens don’t get screwed on Brexit.

from Jesse’s

Posted by ipso facto @ 11:04 on July 23, 2019  

“When you live under such an oligarchy, there is always some crisis or the other that takes priority over boring stuff such as healthcare and pollution. If the nation is facing external invasion or diabolical subversion, who has the time to worry about overcrowded hospitals and polluted rivers? By manufacturing a never-ending stream of crises, a corrupt oligarchy can prolong its rule indefinitely.”

Yuval Noah Harari

ipso facto

Posted by Maddog @ 11:03 on July 23, 2019  

Boris should be good news, well almost anything would be better than the miserable hag Treason May. His problem is the v small majority he has in the House of Commons, 60 % at least of his MP’s are for staying in the EU, despite their own electorates wanting out.

His majority is only 3 …so he only needs two MP’s to vote against him, to stop him passing legislation. The betting is that he will have to call an early election, but to do that he will have to do a deal with Farage, or the leave vote gets split and Corbyn gets in.

How he handles dealing with Farage will be v interesting, as Farage has the wip hand…..hopefully they will deal and win the election, Farage can then demand a v good deal, or no deal from the EU…..either way we are going out…..if Boris tries to go it alone, with a warmed up May deal, then he is dead

D’oh! Better get those presses rolling …

Posted by ipso facto @ 10:55 on July 23, 2019  

Richmond Fed Unexpectedly Crashes To Lowest In Over 6 Years As Order Backlogs Disintegrate


I’m sitting on a big loss on this one but at least they’re going in the right direction

Posted by ipso facto @ 10:38 on July 23, 2019  

Dolly Varden Hits 24.9 metres grading 385 g/t Silver in the Chance Target Area, including 4.7 metres grading 1,607 g/t Silver


Dollar be damned

Posted by Buygold @ 10:33 on July 23, 2019  

Every time I think they’re coming in to hit the metals, they power right back.

Pretty damn impressive.

Spinoff from Bonterra

Posted by ipso facto @ 10:28 on July 23, 2019  

Gatling Drills High-Grade Gold in New Holes at Larder Gold Project, Including 12.7 g/t Au over 5.0 meters


Excellon Announces Q2 2019 Production Results

Posted by ipso facto @ 10:24 on July 23, 2019  


Quite a chart recently!

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