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

Good video

Posted by goldielocks @ 23:15 on September 20, 2019  

He talks about mismanagement and current bond issues. He said the IMF did not want China printing money when they had a crisis 10 years prior to the crash of 08. But what did they do, exactly what they told them not to do.
After listening to the end of this he turns out to be quite arrogant making false accusations about brown people being attacked when it’s just the opposite just like England where they try to hide it. Then no mention about China jailing Muslims and political prisoners are killed and their organs harvests for sale. Nor that they boil cats and dogs alive and eat them. Nor the products they copied from the west.

A sobering assessment of the global economy

R6 – yep

Posted by Buygold @ 17:16 on September 20, 2019  

Sunday night and Monday could be interesting, especially if the Fed needs to do another Repo event Monday am. The stock market seems to be worried about something.

Good day for us pm guys. Nice ending to the week.

Silver is lagging but remember the 1st part of this rally gold went up almost alone

Posted by Richard640 @ 15:57 on September 20, 2019  

This could be the start of the next leg…keep in mind that this long correction has generated a lot of disbelief and doubt…but if it persists Sunday night and monday,  volume should. start to increase…the $ is still up but they are buying bonds…today. is quad. witch…so if stocks are down. hard sunday nite. gold. could have a big move…

treefrog – agree

Posted by Buygold @ 15:45 on September 20, 2019  

If I were in the stock market, this close would make me nervous.

PM’s on the other hand look great!

Here’s the COT’s – FWIW



Posted by treefrog @ 15:20 on September 20, 2019  

rising into the final hour.

an encouraging sign for monday morning.


…metal prices rising as well

what’s not to like?

That’s a good call RNO

Posted by eeos @ 15:19 on September 20, 2019  

I see what you mean


Posted by Buygold @ 15:05 on September 20, 2019  

Definitely appears to be some smoke somewhere despite the efforts to keep everything looking calm and “normal”.

Nice surprise in pm’s and shares today – completely unexpected on a quad witching.


Posted by Maddog @ 14:46 on September 20, 2019  

It could also be related to the Bond mkt and what happens when negative yielding Bonds start to rise in rates,,,basically the haircuts will be monstrous…

See that Armstrong post that R 640 put up….


What has transpired is the buyers of these negative bonds have been simply traders. They have not bought this stuff to actually hold to maturity. They have been happy to trade them assuming rates would continue lower so it would be a bond rally. We are looking at SERIOUS credit risk once again but instead of the time bombs being mortgage-backed securities, this time it will be negative-yielding bonds issued by governments. The bond markets have been converted into a child’s game of musical chairs. When the music stops, someone will be left holding negative-yielding bonds that will only be salable at even deeper discounts of perhaps as great as 50% in a few years.

Rates rose this week…but that is just a small taster of what happens when $ Trillions of Bonds go up in smoke !!!!!!

1514.13 = + 1 %….todays Hi 1514.28 !!!!!

Posted by Maddog @ 14:37 on September 20, 2019  

Comex Gold

Posted by redneckokie1 @ 14:16 on September 20, 2019  

I would really like to see a close above $1540. next Friday to cancel the potential H&S top on the chart. A close below $1484. Would not look good.

Good move in JNUG today.

Everyone have a great weekend!


Hey Maddog

Posted by Buygold @ 14:08 on September 20, 2019  

Good point. Didn’t put 2 and 2 together to get Saudi Arabia. Makes sense.

Whatever has happened it appears the traders don’t appear to want to be in the stock market over the weekend, but not exactly rushing into bonds either. I guess the dollar and gold are the go to assets today.

PM stocks popping nicely. but. GDX up only 7 cents??

Posted by Richard640 @ 13:50 on September 20, 2019  

MADDOG-yeah this lockdown could be repo related=as if gold needed one more reason to rise=And with that, QE4 will have arrived.

Posted by Richard640 @ 13:03 on September 20, 2019  
One final practical implication: since the market is now convinced it urgently needs the Fed to restart POMOs, expect another “near-death” event for the repo market some time in October/early November, which will be the catalyst forcing the John Williams Fed to move beyond mere repos and activate POMOs as the liquidity-injecting operation of choice.
And with that, QE4 will have arrived.

In short, despite the generous use of the $75 billion overnight repo, it wasn’t enough, and STIR and repo traders were spooked enough to force the Fed to engage in yet another form of liquidity injection, in the form of term repos.



Posted by Maddog @ 12:44 on September 20, 2019  

Re Repo’s my guess is that it is related to the Saudi news, somebody, or some people have their ares in the gluepot, somehow..

Could be CDS or some other derivative on Saudi, some how, that one or more of the big banks have sold, could be Oil related…all we know is that it wasn’t there before last weekend and suddenly it is.

Also have never seen the mkts in such lockdown, they just ain’t moving, everytime a move starts it gets hammered back…sure looks like the scum have to make sure there is no run starting.

Bonds, Gold & the Dollar

Posted by Buygold @ 10:59 on September 20, 2019  

Nobody appears to be afraid to hold the safe haven plays over the weekend.

I sure would like to see the players jump in with some confidence in the shares. Not seeing that so far yet.


Posted by ipso facto @ 10:31 on September 20, 2019  

QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, it’s about 15 days past that marker and Repo rates have gone completely nuts hitting 10% forcing the Fed to intervene. They were calling it Armstrong’s revenge here in the dealing room. It certainly appears the Fed has lost control of short-term rates as you warned. Is this the start of the chaos you have warned about?


ANSWER: It’s not my revenge, it’s fiscal mismanagement. Look, this is the chaos we have coming and sorry, it is the beginning, not the end. It’s not even a fluke or a blip. So get used to it. Indeed, the Fed has lost control of short-term rates. Trump can jawbone all he wants for zero to negative rates. Sorry! The free markets are showing something else lies in wait.

The Repo Rate reached a high of 10% by about 9 am just before the stock market opened. The fed funds rate was testing the Fed’s upper limit. The Fed was forced to intervene I believe for the first time since the 2008 crisis.

more https://www.armstrongeconomics.com/markets-by-sector/interest-rates/the-panic-in-interest-rates-is-just-getting-started/

82 y/o Dad strikes again in an email….

Posted by Buygold @ 9:55 on September 20, 2019  

This lady should run for congress!

Wow, this girl has a great plan!  Love the last thing she would do the best.  This was written by a 21-year-old female who gets it.  It’s her future she’s worried about, and this is how she feels about the social welfare big government state that she’s being forced to live in.  These solutions are just common sense in her opinion.
This was in the Waco Tribune Herald, Waco, TX.
Put me in charge of food stamps.  No cash for Ding Dongs or Ho Ho’s, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away.  If you want steak and frozen pizza, then get a job.
Put me in charge of Medicaid.  Then, we’ll test recipients for drugs, alcohol and nicotine.  If you want to use drugs, alcohol or smoke, then get a job.
Put me in charge of government housing.  Ever live in a military barracks?  You will maintain our property in a clean and good state of repair.  Your “home” will be subject to inspections anytime and possessions will be inventoried.  If you want a plasma TV or Xbox 360, then get a job and your own place.
In addition, you will either present a check stub from a job each week or you will report to a “government” job.  It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you.  We will sell your 22-inch rims and low profile tires and your blasting stereo and speakers and put that money toward the “common good.”
Before you write that I’ve violated someone’s rights, realize that all of the above is voluntary.  If you want our money, accept our rules.  Before you say that this would be “demeaning” and ruin your “self-esteem,” consider that it wasn’t that long ago that taking someone else’s money for doing absolutely nothing was demeaning and lowered self-esteem.
If we are expected to pay for other people’s mistakes we should at least attempt to make them learn from their bad choices.  The current system rewards them for continuing to make bad choices.
I love this one…
AND while you are on Gov’t subsistence, you no longer can VOTE!  Yes, that is correct.  For you to vote would be a conflict of interest.  You will voluntarily remove yourself from voting while you are receiving a government welfare check.  If you want to vote, then get a job.

R6 – I know you were

Posted by Buygold @ 9:53 on September 20, 2019  

OTOH – I wouldn’t totally discount 35K DOW – but maybe not until we have your potential worries out of the way and the crash is behind us. For sure, if we get a 50% correction we’ll see negative rates and a much weaker dollar which might lend itself to the 35K scenario.

Will you and I live to see it? Got me amigo. 🙂

I do agree the dollar is the King of the world’s fiat crap. Don’t see that changing unless someone backs their crap fiat with hard assets. Don’t see that either.

SolGold’s projects safe after Ecuador courts rejects mining referendum

Posted by ipso facto @ 9:46 on September 20, 2019  

Doubts around the fate of SolGold’s (LON, TSX:SOLG) projects in Ecuador have been cleared up after the country’s Constitutional Court rejected a fresh request to make mining permits subject to popular approval.

The ruling, covering the southern province of Azuay, said the petition to seek local consultation to ban mining was too broad and potentially misleading. Further, it ruled that any referendum which could result in other nationally enjoyed constitutional rights being restricted, were inadmissible.

SolGold’s projects safe after Ecuador courts rejects mining referendum

Buygold–I hope u know I was being sarcastic…there is plenty to worry about–I’m on crash watch

Posted by Richard640 @ 9:29 on September 20, 2019  
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!

All the stories about the dollar. being replaced or challenged-Har!! King Dollar. rules! DOW 50,000-!!!

Posted by Richard640 @ 9:20 on September 20, 2019  
Now please all rise for the playing of the STAR. SPANGLED. BANANA


Foreign Exchange Trading Soars to $6.6 Trillion a Day, US Dollar is Total King

R6 – yeah, I know

Posted by Buygold @ 9:13 on September 20, 2019  

There was nothing to worry about with Lehman or Bear Stearns either, I remember Cramers infamous response to a caller on his show when Bear was around $60 a day before it really started crashing – “nothing to worry about” – famous last words.

Although this may be the third day it’s oversubscribed, it’s the 4th day they’ve done the Repo. Something/someone has broken, maybe they’ve printed enough to fix it already, but we’ll be the last to know if they haven’t.

I’ll give the pundits this, the markets don’t seem to be worried and your march to 35K could be in play.

Quad witching day.

Fugettabout it…silver’s down six

Posted by Richard640 @ 9:10 on September 20, 2019  

Futures Frozen With $8.3 Billion Expiring At S&P 3,000 On Quad-Witching Friday

One week after Friday the 13th, a far more important for the market Friday has arrived: quad-witching day, when once every quarter we get the simultaneous expiration of contracts for index futures, index options, stock options, and single stock futures, and when increased volatility and an explosion in volumes usually follow. As such, these days are entirely at the mercy of dealer and trader positioning, and as Charlie McElligott pointed out yesterday, as of this moment the S&P is “shackled” by a “Long Gamma” death-grip, with some $8.3BN in expiration at the 3,000 strike, which will ensure that the S&P gravitates around 3,000 for most of the day.

Buygold-my source didn’t. have. his comments yesterday–I. will post them when available

Posted by Richard640 @ 9:06 on September 20, 2019  

Buygold-nothing to worry about-now they can get back to running up the DOW to 35,000…

Posted by Richard640 @ 9:02 on September 20, 2019  

Fed Repo Oversubscribed For Third Day But Total Drops As Funding Pressures Ease

The funding situation is getting better, but pockets of illiquidity still remain.

“The bottom line is that we still don’t know what turbo-charged the market’s funding problems on Monday.”
Which is an odd statement for the world’s largest interdealer broker, considering just a quick scan of fintwit will demonstrate that some of the loudest voices are absolutely confident they know everything that happened, and that there is no reason to be worried any more.
Older Posts »
Go to Top

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