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

Founders GOT it Right the first time

Posted by Ororeef @ 23:07 on August 22, 2019  

Alexander Hamilton penned the definitive piece on what would become the Second Amendment when he wrote Federalist 29 in January of 1788. Hamilton wrote the piece in defense of the idea that arming the citizenry was needed to provide the means to “…resist a common enemy, or to guard against the Republic against the violence of faction or sedition.” For those who like to argue that the “well-regulated militia” phrasing applied to only a “national guard” type construct, and not to the citizens in general being allowed to own guns, they need to take a deeper read of Hamilton.

Hamilton explained that it is not practical to take all citizens away from their daily lives and their employment for the purpose of training them as professional, or even semi-professional, soldiers. Only a segment of the population could be trained in such a way. To the concerns of those who felt that government-controlled soldiers could pose a threat to liberty, Hamilton said:

…if circumstances should at any time oblige the government to form an army of any magnitude that army can never be formidable to the liberties of the people while there is a large body of citizens, little, if at all, inferior to them in discipline and the use of arms, who stand ready to defend their own rights and those of their fellow-citizens.

Our Second Amendment isn’t about hunting, and it isn’t about self-defense. It’s about Americans having a credible check and balance against the threat of tyranny and dictatorship. To those who say, “Charlie, we don’t have a dictatorship in America today,” I respond by asking, “Just why do you think that might be?” Without the Second Amendment, all the others are reduced to empty words.

China is our 2019 reminder of why totalitarian leaders love gun control. The people in Hong Kong are courageous for protesting and asking for their freedom. Without the right to bear arms, all they can do is ask. Taking is out of the question.

Lucky for China they don’t want to extradite people from Alaska.


R6 – Perfect set up

Posted by Buygold @ 20:16 on August 22, 2019  

bring out some hawkish Fed heads today to make the markets and gold guess

Come out tomorrow with a relatively dovish statement from Powell, markets and gold scream higher.

If he hints hawkish, SM is in trouble – gold too. Regardless of what the charts say.

RSIs on these stocks allow for them to rally—50 RSI is about all you’re gonna. get in a bull mkt.

Posted by Richard640 @ 19:52 on August 22, 2019  

Mr Copper

Posted by eeos @ 19:47 on August 22, 2019  

speaking the truth as always

Trump Needs To Be Told, Straight Out, The Federal Reserve Is The Global Socialist Gov’t

Posted by Mr.Copper @ 16:16 on August 22, 2019  

Re Trump complaining about USA has to pay the highest interest rate. Its been totally obvious to me since I was a kid, the Fed thinks the USA is a fat cat and can afford to fleeced, constantly lose money jobs etc to foreign nations. The foreign nations never lost until after the US consumer taxpayer threw up in the summer of 2008 crash.

Think about it. After 1913 they sucked us into WW I 1917. Inflated the economy caused a booming 1920s that crashed in 1930, and the confiscated all the gold in 1934. Outlawed ownership to locals. Because of trade deficits, USA lost half its gold supply at $34/oz between ’34 and ’71.  In black markets it was$140/oz. Then in ’41 they sucked us into foreign War II.

After cutting the foreign leaches off our gold in 1971, they proceeded to take away our industries. 2008 was the tipping point. Reversal of the past. Even the President is a reversal of the normal useless presidents we had.

@ commish @ 20:42 on August 21, 2019

Posted by old-timer @ 14:26 on August 22, 2019  

Thanks for posting that video.

Lots of stuff I’ve been “following” depicted there.

So much important info presented in such a short space of time.

Nice recap.

I’m. getting. a feeling gold is being. set up for a fall on Friday=Any positive spark would cause a stampede back into markets given the underweight positioning to equities,

Posted by Richard640 @ 13:14 on August 22, 2019  

AAII Sentiment Results: Pessimism Persists, Opportunity Abounds…

Albeit modest, bulls are slowly coming out of the bunkers (up to 26.64% this week compared to 23.18% last week).  Bears have come down a bit as well (from 44.85% to 39.72%).  This suggests some thawing is taking place – similar to the looks off of the bottom in June and December (see featured chart of bullish sentiment relative to the S&P 500 above).
Any positive spark would cause a stampede back into markets given the underweight positioning to equities, short covering and career risk of missing a move back to new highs.  That said, nothing is ever a guarantee – simply a probabilistic advantage that you calculate and manage the risk as you take up exposure.
Offering further support is that there is still extreme fear showing up in the CNN Fear & Greed index – which is pinned at 25 [a range historically associated with contrarian reversals to the upside – particularly on secondary versus primary pullbacks (like what we are having now)].
Many of our other indicators are confirming the viewpoint that it pays to be getting some long exposure when pessimism is in this range. 
Is it possible that Powell’s speech on Friday will be the spark that ignites a rally?  If you charted his last 10 or so appearances they would point to a contra-indication (i.e. sell when he speaks).  Friday is his opportunity to change the trend.  So far the market is not betting on it, but the indicators continue to favor a reversal.


A couple charts from the great Mike Ballinger

Posted by Richard640 @ 13:02 on August 22, 2019  




Here’s some good news for the nation. Not so good for Washington State residents … as now he’ll have more time to screw things up here.

Posted by ipso facto @ 10:42 on August 22, 2019  

Inslee drops out of 2020 presidential race, will seek third term as governor

Buy it all baby buy it all

Posted by ipso facto @ 10:36 on August 22, 2019  

Kirkland Lake Gold Acquires Shares of Bonterra Resources Inc.


Frank Giustra – Billionaire Investor says Biggest Gold Bull Market of All Time Starting Now

Posted by ipso facto @ 10:32 on August 22, 2019  


Har! Saved by the bell! No wonder G&S, the $ and bonds turned

Posted by Richard640 @ 10:18 on August 22, 2019  

Recession Alarm: US Manufacturing PMI Unexpectedly Crashes Into Contraction With Lowest Print In 10 Years

With all eyes focused squarely on Germany’s dismal PMI prints, which have been in contraction for over half a year, the investing public forgot that the US economy is similarly slowing down. And moments ago it got a jarring reminder when Markit reported that the US manufacturing PMI unexpectedly tumbled into contraction territory, down from 50.4 last month, and badly missing expectations of a 50.5 rebound. This was the first print below the 50.0 expansion threshold for the first time since September 2009.

But wait, there’s more, because whereas until now the US services segment appeared immune to the slowdown in US manufacturing, in August the service PMI tumbled to 50.9, down from 53.0 in July, matching the lowest print in at least 3 years, and well below the 52.8 consensus expectation.  According to Markit, subdued demand conditions continued to act as a brake on growth, with the latest rise in new work the slowest since March 2016. This contributed to a decline in backlogs of work for the first time in 2019 to date.

Meanwhile, business expectations among service providers for the next 12 months eased in August and were the lowest since this index began nearly a decade ago.

Euro stocks have gone red…the NAZ, Trannies & S&P are lagging the DOW

Posted by Richard640 @ 10:11 on August 22, 2019  

FED rate. futures. are. pricing. in. a. 90% probability of a 1/4 pt. rate cut….



The. 10 yr T-note has gone green and the. 30. yr note is almost. green…coming back from big losses…which mens yields are coming back down…the loss in the $ is accelerating…down .194…I GUESS THE  market doesn’t  believe the FED. is gonna be so hawkish as per the minutes yesterday….since the $. and bonds turned, the Cartel has come back in and is trying to send gold back down…is todays hit in honor of the. Friday Powell speech…like. before a monthly jobs report?

Shhhhhhhh!! Be. Vewy, Vewy quiet….[pssssst! gold. is 12 bucks off the bottom]

Posted by Richard640 @ 9:51 on August 22, 2019  

Elmer Puddpuller says….

Image result for elmer. fudd be vewy vewy. quiet


Posted by treefrog @ 9:47 on August 22, 2019  

actually, the fifteen/seventeen “support” is a little spongy.  gold seems to dip a little into the fourteen-nineties, but – so far – has rebounded.  as i type, gold has regained fifteen.  here’s hoping this continues.


building a base for a labor day rally?  we can hope.


Posted by ipso facto @ 9:38 on August 22, 2019  

Thanks Buygold. I agree with you. Beyond the question of whether or not we should intervene there’s the question of our capabilities. How many lives and treasure are we going to waste intervening in all these different countries? How many people are we going to cause to be killed? A year after we leave Afghanistan it’ll be like we were never there. Venezuela would be the same sort of morass. I think the founding fathers had it right when they said we shouldn’t involve ourselves in other country’s conflicts.


Looking good into the open

Posted by Buygold @ 9:32 on August 22, 2019  

No major waterfall. Treefrog mentioned yesterday that $1500 and $17 almost acting like support.

Go figure, gold and silver almost never have support… 🙂

Ipso – Good poll

Posted by Buygold @ 8:54 on August 22, 2019  

A couple of weeks ago we ran into a gal from Venezuela at a business conference and she was telling us about how rough it was on her family. Her dad was an engineer and always fairly wealthy, but now that the currency has crashed he’s crashed with it. Really sad.

She wanted the U.S. to intervene because “we are always intervening for the good of other countries” I asked her what we could do, does she want us to send our military in to overthrow Maduro? Without hesitation she said yes and wondered why we hadn’t done it already. She was adamant about it.

Course, I don’t really agree because I’m sick of stepping into others’ wars, but I just listened and said nothing.

Can’t really imagine the struggle for the people in Venezuela. People think it can’t happen here. Maybe not, but if her father had held gold it would have countered the crash in their currency.

Morning R6, Captain

Posted by Buygold @ 8:27 on August 22, 2019  

Seems like this is sort of the usual game of putting pressure on the metals prior to anything the Fed comes out with.

As you say, USD not doing much but rates are jumping a bit.

We probably could be getting hit worse and still might.

No manipulation here. 🙂

Captain–Buygold=here’s a thin straw for you to grasp–with yields up a bit the. $ index is flat–only up

Posted by Richard640 @ 8:15 on August 22, 2019  
Last Updated: Aug 22, 2019 at 8:01 a.m. EDTDelayed quote

98.32 +0.03 [+.02%]


Last nite. at. 6pm the DOW opened. up 90 pts–this morning it was down 70 pts–they also turned yields which were down…very active management going on…

Just looking at the pre-mkt PM stocks…all down but not too bad…so far…

Top headline on Drudge

Posted by Captain Hook @ 7:55 on August 22, 2019  


And stock futures are up and gold is down.

Well, at least the markets aren’t rigged.


Gonna need some help from the Fed heads today

Posted by Buygold @ 6:49 on August 22, 2019  

Sad, but true. We’ll need some dovish rhetoric in order to save $1500 and $17

May the Fed be our friend….

Silver Train

Posted by Maya @ 5:34 on August 22, 2019  


BNSF officer special silver train


Go to Top

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