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

Why Is The Left Actively Fighting Against Election Integrity? Very enlightening!!

Posted by silverngold @ 23:42 on August 1, 2019  

Buygold–yeah, the night raids have been. going. on for weeks…without much affect..next up=8:30 am

Posted by Richard640 @ 23:34 on August 1, 2019  

Zero hedge said. that 10K to 20K census jobs may pad the report…but. as that guy on Bloomberg said that. report. is. stale. news…I could see, however, a knee jerk sell off…then hopefully. it drifts. back up…I gotta think todays action has generated a lot. of after hours strategy sessions at funds discussing getting PM coverage…I’d guess the. action was a shocker not only. to us but to the managers…

Funny thing, though,  it was not really discussed on any of. the biz channels—I. watched the CNBC boys at. 5pm and there was no mention of gold

Is this necessary? Is it right? Seems to me their country is collapsing without more of a push from us.

Posted by ipso facto @ 21:23 on August 1, 2019  

Asked About China & Iran In Venezuela, Trump Signals US “Blockade” Coming


while we’re wishing…

Posted by treefrog @ 20:47 on August 1, 2019  

i like $1,550 next week.


baby needs more than shoes!


Posted by ipso facto @ 20:41 on August 1, 2019  

That’s just for next week. I think we all have bigger targets in mind …

Baby needs a new pair a shoes!

ipso, buygold…

Posted by treefrog @ 20:21 on August 1, 2019  

i like the way you think, but why just $1,500?


Posted by Buygold @ 19:37 on August 1, 2019  

I’d like to think so. $1500 is not that far off and the action today was pretty damn bullish.

Course, I am programmed to see the scum come in and slam gold whenever they feel like it.

As always, we’ll see what happens but I like our chances. 🙂

Edit: They are coming for us tonight, but they did the same thing last night.  Gold down $7.10 tonight. I hope the shorts get smashed again tomorrow.

Buygold … The ways things are going this doesn’t sound implausible at all.

Posted by ipso facto @ 18:32 on August 1, 2019  

“I’d like to stick a fork in these guys and run to $1500 by next week.”

Awesome rebound

Posted by goldielocks @ 18:05 on August 1, 2019  

Quants Warn Of “Lehman-Like” Market Crash Conditions In September—TEE. HEE!

Posted by Richard640 @ 17:52 on August 1, 2019  
If there is anything today’s violent reversal in the market demonstrated, where this morning’s inexplicable levitation (well, maybe explicable now that “terrible news is great news” again) was smashed with stocks plummeting once Trump tweeted that the China trade war ceasefire is dead, and the US would impose “a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country”, it is that algos, quants, and systematic funds remain the marginal price setters of the US stock market.
Indeed, as Bloomberg’s Andrew Cinko said when commenting on today’s early morning levitation, it “looks more like it’s being driven by ETF flows or perhaps quant- or multi-strategy firms. That’s money that tends to go out as quickly as it came in, leaving the S&P vulnerable to a reversal as the bid dissipates.” Ironically, just minutes later we got definitive proof of just how fast the passive, or algo money, flees in the milliseconds following Trump’s tweet.

From Mexico Mike on Murphs gold wrap today

Posted by Richard640 @ 17:45 on August 1, 2019  

Mexico Mike…

Metals reversals

Hi Bill! How the banks must be furious with DT today! I think the plan was running according to the script all week, as the commercials faded every rally and capped the metals, confident that they could roll out the bazooka on FED day and slam the entire sector. Slam they did, but the plan went off the rails about 2pm today. As Mike Tyson once stated, everyone has a plan until they get punched in the face. 

I think there was some bargain hunting ongoing even before the rhetoric and trade action got into gear today. But it did look to me like there was another hit scheduled ahead of NFP data. Perhaps that is now off the table, and without looking at the market action in detail I would imagine a lot of that late session move in the metals today came from shorts getting the hell out of Dodge.

It was not that long ago when a major selloff staged around a big market event would take many days or even weeks for the PM sector to recover. Today we got all the way back in less than a trading session. And during the dog days of August no less!

Meanwhile, there is more than an hour left in trading as I write this, but the HUI looks like it could deliver an outside reversal day and that too is rarely tolerated after the heavy selling of yesterday. There are probably more reliable Bigfoot sightings than times I can recall seeing a direct rejection of a serious Cartel raid like we are getting right now. I did a bit of buying today before the curtain went up, as I fully expected the slam and was counting on a recovery shortly after.

How refreshing if the goddamn Cartel gets their thumbs slammed in the drawer for a change. And if indeed it is China that is the ‘whale’ buyer in the options trade, then how much of a perfectly timed response was the action in the metals today after another round of tariffs were announced?

Should be a very interesting Friday trading session.


Good news

Posted by Richard640 @ 17:27 on August 1, 2019  

* David Rosenberg @EconguyRosie 
Only one other time has the market declined the day of the first rate cut — in October 1987. Thanks for the walk-back, Jay

Carter Worth–the expert chart analyst on. CNBC’s Fast Money showed some main. Bank index has. given up ALL gains made since the nite Trump was elected

Jay Powell played his hand

Posted by Ororeef @ 17:09 on August 1, 2019  

it turns out it  was ACES & EIGHTS..a dead mans hand    just like wild Bills  hand..

HERES some SHORTS Energy & Semi Conductors got it in the shorts

Posted by Ororeef @ 16:53 on August 1, 2019  


some closings ..Mutual Funds update later…WHO DA THUNK iT ?

Posted by Ororeef @ 16:36 on August 1, 2019  

amex-close8-1-19 ny-close-8-1-19 otc-close-8-1-19

King Richard Like A Fox

Posted by dbbaba2 @ 16:33 on August 1, 2019  

We need rates to stay soft

Posted by Buygold @ 16:31 on August 1, 2019  

and especially the USD to go down for a few days to keep this going.

I’d like to stick a fork in these guys and run to $1500 by next week.

Havent bought or sold a thing !

Posted by Ororeef @ 16:24 on August 1, 2019  

just sittin here fully invested  !    As Jessia Livermore said ,it wasent my trading that made me millions ,it was my sittin….buy right ,sit tight..thanks Jessie…

quite a turn !

Posted by Ororeef @ 16:20 on August 1, 2019  


More dumb luck-I just remembered my early morning call on JNUG–snort!

Posted by Richard640 @ 16:18 on August 1, 2019  

JNUG a buy. if. u. believe in RSIs…

Posted by Richard640 @ 8:08 on August 1, 2019   -edit-

Funny thing is that JNUG is a buy now [but I ain’t. buying]…cause in a bull market an RSI of about 50 is about all yer gonna get on a pullback and JNUG went–quickly–from an RSI of 85-90 to 51 as I write…and lower once trading starts if the pre-mkt. loss holds–note that JNUG bottomed twice-on about June 10th and July. 1st from 50 RSIs


JNUG up 15.2%–a 14 buck move from bottom to top

Ipso, R6

Posted by Buygold @ 16:17 on August 1, 2019  

Well, I’d sure think today would’ve changed the way the charts are interpreted tomorrow.

There were tons of gaps in the shares and it appears that a lot of them have been filled.

R6 kind of agree with your Bloomberg guy on the jobs report. Powell needs a bad one to save his “data dependent” ass and he’ll probably get it. Funny how that works, they always seem to get the numbers they need to make the move they need. We’ll see.


Posted by ipso facto @ 16:11 on August 1, 2019  

Thankee Sir. Hopefully we have more reason for inspiration soon! 🙂

IPSO–I crown thee the poet laureate of the Oasis Forum–I am very stirred by your rhymes–[giggle!]

Posted by Richard640 @ 16:08 on August 1, 2019  

Candle Light Candle Bright

Bullish Engulfing is oh so Right.


Posted by Maddog @ 16:05 on August 1, 2019  

There will be no parties and absolutely no rally monkeys, for hundreds of dollars….hopefully this is payback.



Posted by ipso facto @ 16:02 on August 1, 2019  

Candle Light Candle Bright

Bullish Engulfing is oh so Right.

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