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

Lots of disbelief in the. gold rally=very. bullish!!

Posted by Richard640 @ 22:12 on August 14, 2019  
Image Courtesy of House of Kahn Estate Jewelers

(Kitco News) – With gold at an all-time high in many currencies, jewelers are swamped with customers looking to cash in, said one store owner who reports a 40% uptick in business this summer.

“When we have spikes like this summer, we are very busy with people coming in to sell their jewels because the price of gold has skyrocketed. What people are getting for their jewels now versus a year ago is substantially higher,” House of Kahn Estate Jewelers president Tobina Kahn told Kitco News on Tuesday.

The great Rick. Ackerman

Posted by Richard640 @ 22:06 on August 14, 2019  
The Morning Line for Thursday
Published Wednesday, August 14, 9:37 p.m. EDT
Earlier this week, Rick’s Picks created a ‘Big Trouble Index’ (BTI) to track a bearish bet that looks like it can’t lose. I was having trouble getting to sleep, concerned that Hong Kong would be invaded and erupt in flames overnight, sending stocks around the world into a catastrophic plunge. I still believe this is possible, but I also believe that a dozen other events, some of them black swans whose details lie beyond imagining, could cause such a crash. A short squeeze on the dollar, for instance. This has never occurred, and it may sound like an odd way for a decade of global prosperity to end. But I regard it as inevitable and believe it could happen literally at any time, even before the next sunrise. It could be triggered by something as seemingly minor as the failure of a small bank that happens to be a cog in the quadrillion dollar derivatives market. It would not be the first time the problems of a tiny bank threatened the stability of the global banking system, as the Cypriot financial crisis did in 2012-13.

Track It Yourself


In any event, more palpable concerns such as the tariff war, the quickening implosion of Europe’s economy and Beijing’s threats against Hong Kong, are already causing large amounts of capital to seek the safety of gold and U.S. Treasury paper. I hesitate to say that both are no-brainer investments right now simply because in the guru business, expressions of certitude are just asking for trouble. But I am strongly convinced nonetheless that a small investment in bullion and Treasury debt, along with a short position in U.S. stocks, will grow very significantly over the remainder of the year and in 2020.  You can track it as follows, based on prices that obtained at 12:48 a.m. Tuesday, August 13, when the idea came to me in the dead of night:

  1. Short one Sep E-Mini S&P contract @ 2870.25
  2. Long one Dec T-Bond contract @ 163^12
  3. Long one Dec Gold contract @ 1530.10


The position took a drubbing on Tuesday when news came out that Trump would delay until the end of December steep tariffs on laptops and cellphones that represent $80 billion of Chinese goods imported into the U.S.  This was good news but hardly deserving of the 531-point wilding spree in the Dow Industrials that followed.  However, the Rick’s Picks BTI Index reversed and went in-the-money with Wednesday’s 800-point Dow cascade. At the moment, mid-evening Wednesday, the position is showing a theoretical profit of about $2800, most of it from the bullish T-Bond position. We will trade around the Big Trouble Index in the months ahead and report on it from time to time, presumably as it becomes even more profitable.

R640

Posted by goldielocks @ 21:30 on August 14, 2019  

Playing dangerously lol Jnug broke parabolic temp support today it could bounce tomorrow maybe on playing the gap but wasn’t positive candle yet today or head to long term support so good luck you got in now if it bounces.

R6

Posted by Buygold @ 20:11 on August 14, 2019  

Hoping your JNUG buy signal comes to fruition because today was just plain ridiculous for the shares.

We’ll see what happens tomorrow.

China Curbs Private Gold Imports As It Adds 10 More Tons To Its Own Hoard

Posted by Maddog @ 18:58 on August 14, 2019  

https://www.zerohedge.com/news/2019-08-14/china-adds-10-more-tons-gold-its-hoard

Why is this story having zero impact,,,,,it should be super bearish !!!!!!!!!!

Such B.S. commentary–u. never. hear this. with. stocks or bitcoin

Posted by Richard640 @ 18:25 on August 14, 2019  

“The bullish drivers (for gold) have not gone away but the question being asked now is whether we have reached a time where consolidation might be in order,” Saxo Bankanalyst Ole Hansen said.

“Gold’s biggest short-term challenge is its ability to continue to satisfy a very crowded long position.”

My. good buddy Mike Pento [like schiff] wrong for so many. years. is. right now!!

Posted by Richard640 @ 18:15 on August 14, 2019  

Global Disabling Debt Will Cause Hyperinflation – Michael Pento

By Greg Hunter On August 14, 2019

Economist and money manager Michael Pento has long warned global central banks would lose control and the ability to keep the financial system propped up. The waiting is over. Pento explains, “The central bank charade is over. Remember back in the Great Recession, they took these emergency measures that were going to be ‘temporary in nature.’ They are not temporary in nature. . . . The quantitative tightening program was cut short. It ended in July. . . . They were only able to take away $700 billion of the $3.8 trillion that they created. So, there is $3.1 trillion worth of base money. That’s rocket fuel of real money in the banking system, dry tinder ready to explode to a hyperinflationary crack up boom. They did it on a permanent basis.”

Everywhere you look, nations are up to their necks in unpayable debt in far greater amounts than in the Great Recession. Pento warns, “This is disabling debt on a global basis. It is profuse in China, Japan, Eurozone, United States and throughout the developed world. You cannot service this debt honestly. In other words, the tax base in the European Union, Japan, China and the United States cannot make this debt solvent. So, it has to be defaulted upon. It can be defaulted upon either through inflation or deflation. I think they are going to try both. They tried deflation. It is happening now, and it’s not working out so well. After this crash becomes completely manifest and salient, they will switch towards inflation. I mean inflation like we have never seen before. There will be a strategy to get to inflation. I am not talking about the Fed Funds Rate down to 0%. That’s not going to work. They will probably launch another round of QE (money printing). . . . They are going to have do Modern Monetary Theory (MMT), negative interest rates, ‘Helicopter Money’ and the banishment of cash.”

In closing, Pento says, “We have gone from 100% confidence in central banks in 2009 . . . that notion has been completely eradicated, eviscerated and obliterated. The faith in central banks, European Central Bank, Bank of Japan and the Fed is almost completely gone. If you want proof, look at the dollar price of gold, and look at the price of gold in all other currencies around the world that it is measured in.”

Join Greg Hunter as he goes One-on-One with money manager Michael Pento.

 

FYI

Posted by Richard640 @ 16:31 on August 14, 2019  

I GOT A HUGE R640 BUY SIGNAL ON JNUG TODAY–

all the PM shares will. have huge. gains tomorrow –Tonight comex gold and silver should. have YOOGE.  gains with PM stocks gapping up on the open tomorrow–in 1989 when The NIkkei crashed, investors were so traumatised that they put. $9.  trillion. on to bonds that yielded one or 2 percent and they STAYED  there for about 20 years–so when stock promoters–like I. heard on the TV. box all day long–say. there is no place to go besides stocks…they’d do well to remember Japan…now Bitcoin was down today…so I am expecting a “wake-up” or “recognition” point for gold and a quick-3 to 6 weeks. run to 2000-2200 gold…after that I expect world central banks will. agree to suspend gold trading on all the world markets.

 

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

Stefan

Posted by Ororeef @ 16:01 on August 14, 2019  

https://www.bitchute.com/video/IT6UCTU9eQU/

Maddog

Posted by Buygold @ 15:53 on August 14, 2019  

yep and as predicted, Trump blames the Fed – rightly so.

Still, the performance today sucks.

This is getting stupid

Posted by Maddog @ 15:47 on August 14, 2019  

Ag plus 1.25 % …SSRM dowm 1 %……Au up 0.85 %…GDX flat to down……no doubt getting held back due to options expiry and easy to do, in such thin mkts.

Well Maddog

Posted by Buygold @ 15:30 on August 14, 2019  

someone seems to want gold in spite of the scum and their persistent bullshit.

A couple more days like this in the stock market and there will be a full blown panic out.

Would hope that money pours into pm’s and shares.

Pretty frustrated with the shares today though. Even the metals should be doing better.

China Restricts Private Gold Imports As It Adds 10 More Tons To Its Own Hoard

Posted by Maddog @ 15:18 on August 14, 2019  

https://www.zerohedge.com/news/2019-08-14/china-adds-10-more-tons-gold-its-hoard

This makes no sense….as someone huge is buying to take on the scum….it could be pure disinformation to put off buyers, as the Dealer community may be desperate for metal …..we have no idea, whether it is the truth or not……but the mkt action says the story is rubbish.

@Buygold

Posted by Mr.Copper @ 14:49 on August 14, 2019  

re your “At least we’re not going down with the stock market like 2009”

YES good point. It adds to my everything in reverse after ’08 view. Just yesterday news of gov’t evaluation and costs to be posted of endangered species act after 1971.

Also reversal of green cards. No cards for LEGAL immigrants that are on or need public hand outs.

 

Mr. Copper

Posted by Buygold @ 14:07 on August 14, 2019  

Yes, I guess the shares are trading with the SM although they probably should at sometime start to anticipate higher earnings on higher metal prices. Some have already, but not to the extent we’ve seen in the past.

At least we’re not going down with the stock market like 2009

so far…

Posted by treefrog @ 14:04 on August 14, 2019  

a nice little bounce-back from the latest ambush.

scum still trying to put lipstick on the SM pig

Posted by Maddog @ 13:57 on August 14, 2019  

by bidding Dollar….which ain’t really co-operating, nor are rates and knocking PM’s….of course.

1:30–I just got home–I see they’re screwing with the PM stocks and comex gold which should be up 25 to $100

Posted by Richard640 @ 13:36 on August 14, 2019  

WPM-dowm. a penny…JNUG up. 2.9%–they. really!  really!want to stop the gold rally but it claws its way up with. a 900 pound monkey on its. back…Looking. at the HUI daily. chart, I see. it crashed. just. before noon and has come all the way back…

Let’s. hear a big HOO-RAY. for. Larry Kudlow and. free markets Capitalism…

@Buygold

Posted by Mr.Copper @ 13:36 on August 14, 2019  

Agreed. I suspect the Dow SnP problems are hurting the mining shares in sympathy. Sooner or later the miners will have to report good numbers for higher spot prices.

Would like to see the shares get rolling

Posted by Buygold @ 12:48 on August 14, 2019  

before this day ends, although I guess they could play catch up tomorrow.

Still gotta love the way the metals are acting against a little stronger USD.

I Think It’s Still “The Everything Bubble”

Posted by Mr.Copper @ 12:32 on August 14, 2019  

That was coined by somebody here long ago. Re Stocks Bonds and Real Estate. Now CNBC is talking about “Liquidity”? I guess there will be a lot of diarrhea eventually. 🙂

Maddog

Posted by Buygold @ 11:13 on August 14, 2019  

Dollar coming back in now. No saving the SM today, not with the DAX down 2.2%

Buygold

Posted by Maddog @ 10:46 on August 14, 2019  

scum just ran the nearby Short Dollar stops, in hope of saving their beloved SM……..for no other reason I can see and of course hit PM’s who it looks like just said Tks

Dollar strengthening

Posted by Buygold @ 10:16 on August 14, 2019  

didn’t see that coming with rates falling.

Crap

WE know who’s in charge now !

Posted by Ororeef @ 9:55 on August 14, 2019  

weknow-who

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