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

Comex gold

Posted by redneckokie1 @ 22:10 on October 1, 2019  

Gold has traded back up into former support area. We are also into some percentage correction points. I will look to get long again above the 20 day moving average. JNUG has not confirmed the move up yesterday.

Gold may trade sideways here until the moving averages converge.

Stock markets are still looking weak. Probably because of political turmoil.

rno

My. good buddy economist Dave Rosenberg–this is. all gold bullish=heralds lower rates

Posted by Richard640 @ 19:35 on October 1, 2019  
The hallmark of today’s data was a rise in the personal savings rate to 8.1% from 7.8% in July. This is exactly how you model ‘uncertainty’ — rise in savings, pullback in spending growth. More disinflation signposts. Bond yields will hit fresh lows.
 

After everything the central bankers and fiscal policymakers threw at inflation, we saw today that Japanese (Tokyo) CPI slowed, French PPI deflated, and the market-based U.S. PCE deflator also had a minus sign in front of it.

*Dennis Gartman…

Posted by Richard640 @ 19:20 on October 1, 2019  

 

The only bullish note is that gold has fallen perfectly into The Box marking the 50-62% retracement of the rally that began in very early August at or near to $1,390/oz and peaked in early September at or near to $1,550/oz. The upper boundary of “The Box” is thus $1470/oz; the lower is $1450 and the low today thus far is $1455, so “The Box” is intact.

we shall suggest that those who’ve not been long of gold become so this morning. Having cut back on our own long positions in recent days, we will be topping those back up a bit this morning almost certainly.

However, we do find it of interest how much more seriously we… and the market collectively…take a break in spot gold from $1530/oz to $1470… a material sum to be sure… than we would a stock that has fallen from $15.30/share to $14.70/share. The latter we would “see” as reasonable and even quite common but the former seems to be material and mind-numbing.

 

From Murph tonight=.blast off time, $25 silver by christmas, we’re off to the races, etc. BALONEY! this isn’t over

Posted by Richard640 @ 19:18 on October 1, 2019  

*Trader Rog, who owns a boatload of physical silver around $5, checks back in…

to bill on monday night

hi bill,

old rog is back. i was short when silver took off, so, i kept my mouth shut for awhile.

didn’t have anything good to say until now. Vertical markets are weak markets that soon collapse. extreme- and silver has been very extreme- volatility is a classic sign of a top and coming collapse. 99% of every advisor and newsletter were all on board..==. when silver reversed i went short at $19.00 and got out at $18.25. went short again at $17.95 and am still short at $17. Gold and the HUI are in 2 month bear markets. silver and sil are in 1 month bear markets. what can’t go on, won’t go on. after 8.5 years, this could still go on for months. all manipulations end, and end very badly for the manipulators. but that doesn’t mean this will end this month or this year. (only 3 months left for 2019). we all need patience and logic, not emotions. yes, silver is the most undervalued asset on earth by far. our time will come soon.

best,
roger

 

coin guy

Posted by treefrog @ 19:15 on October 1, 2019  

“I’ll see you three years from today.

The CoinGuy”

 

three years is too soon.  try for ten or twelve.  thanks.

are you scared yet?

Posted by treefrog @ 18:24 on October 1, 2019  


“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.”
…h. l. mencken (c.1935)

1970: the new ice age! we’re all gonna die!

1980: acid rain! we’re all gonna die!

1990: the ozone layer is gone! we’re all gonna die!

2000: global warming is melting the glaciers! we’re all gonna die!

2010: climate change! in 12 years we’re all gonna die!

Maddog–yes, it. is. odd…an economic report starts, finally, a serious sell-off

Posted by Richard640 @ 17:54 on October 1, 2019  

The. stock mkt can shake off all the bad news just. for so long…I guess we can call what happened today “the straw that broke. the camels back”

AS FOR GOLD=The HUI came 4 points off its high…but G&S were OK IMO…all bottoms are not V bottoms…especially gold…its bottoms are always ragged and idvergent at. first…but they persist…so let’s not gnash out teeth too much and see what tomorrow brings…then friday the jobs report will exert its influence

and the nightmare continues…

Posted by Buygold @ 14:49 on October 1, 2019  

Gold done, silver done, shares done. SM will come back in the last hour.

maddog,

Posted by treefrog @ 14:22 on October 1, 2019  

“when the going gets weird, the weird turn pro.”

…hunter s. thompson

Mkts getting seriously weird to trade

Posted by Maddog @ 13:42 on October 1, 2019  

The US mkts are only reacting to domestic news….R640 has shown us very bullish Oil and PM’s news and very bearish SM news, out of the ME yet nothing happens..but then we get 1 lousy eco report and the mkts go ape…..

Go Figure ??????

Plus they have kept a lid on what is going on in the Repo mkt, as something sure doesn’t smell right there……but no mkt reaction….until we get a lousy Manufacturing No ?????

Got gold? Got oil? The IDF mulls pre-emptive strike to ward off planned Iranian attacks on the UAE and Israel

Posted by Richard640 @ 12:10 on October 1, 2019  

The IDF mulls pre-emptive strike to ward off planned Iranian attacks on the UAE and Israel==

Sep 27, 2019 @ 9:12 ,

Tehran has furthermore counted its Sept. 14 cruise missile-drone attack on Saudi oil infrastructure a major success; it does not hide its intention to follow up with more devastating strikes against America’s regional allies.

In the absence of an American military response to the attack on Saudi oil, Tehran feels it can safely strike when and how it pleases.
“Israel’s proven capacity to simultaneously perform multiple missions is about to be challenged as never before,’ said Binyamin Netanyahu on Thursday, Sept. 26, during a New Year’s toast at the IDF General Staff forumThe prime minister and defense minister went on to say: “Hitherto we have navigated affairs boldly and responsibly in several arenas, at times simultaneously, but not so far in a comprehensive confrontation.” 
Netanyahu has never referred to all-out war as a distinct possibility, only as an outcome to be averted by “bold and responsible” navigation on several fronts.
DEBKAfile accounts for this change of tone by the events building up in the last two weeks. The effort to arrange a summit between the American and Iranian presidents at the UN fell flat, and Iran knows that even harsher US sanctions are therefore in store,

The IDF mulls pre-emptive strike to ward off planned Iranian attacks on the UAE and Israel

I. just got home–I see a big. turn in the. $, t-notes, crude. and G&S

Posted by Richard640 @ 11:43 on October 1, 2019  

http://futures.tradingcharts.com/marketquotes/ZN.html

Here. are some links to Houti videos–they. confirm the saturday attack. and,  to me,  they. absolutely. guarantee. that Saudi Arabia will soon die a death by a 1000 cuts–a must watch–scary cause. it clearly proves asymetrical warfare trumps expensive-hi. tech aircraft and navy ships…thank u for your cooperation=

 
 

https://youtu.be/TufYrqRtwPM

 
https://youtu.be/G91ECyJ1kzQ
 
 
 
https://youtu.be/G91ECyJ1kzQ

ipso facto @ 11:21

Posted by Captain Hook @ 11:23 on October 1, 2019  

Nope…not those guys.

Not in their best interest.

Cheers

Captain Hook

Posted by ipso facto @ 11:21 on October 1, 2019  

Maybe they’re buying gold eagles … hey it could happen!

Cheers

R6

Posted by Buygold @ 10:48 on October 1, 2019  

We’re back at RNO’s level of $1481 on spot gold, we’ll see if that now becomes resistance. So far that appears to be the case.

JMHO but we need to see a rip your face off bounce for this to be any kind of a bottom. Sucks.

Jobs report Friday.

ipso facto @ 10:40

Posted by Captain Hook @ 10:46 on October 1, 2019  

Great news.

Wonder if their trading desks have more idiots buying futures/ETFs they will have to puke up soon too?

Chuckle

UBS Doubles Down On Gold — Ups Its Forecast Again!

Posted by ipso facto @ 10:40 on October 1, 2019  

The usually-conservative Swiss bank UBS has upped its forecast for the price of gold for the second time in less than two months.

Now it says the price for the yellow metal could reach as high as $1,730 a troy ounce next year, up $50 from an August forecast, a recent UBS report states. The note last month pointed to the possibility of $1,680 over the same timeframe.

If gold did soar that far it would be 17% above the recent price of $1,469.

https://www.forbes.com/sites/simonconstable/2019/09/30/ubs-doubles-down-on-gold–ups-its-forecast-again/amp/?__twitter_impression=true

Newmont Goldcorp kicks off commercial production at all-electric Borden mine

Posted by ipso facto @ 10:30 on October 1, 2019  

Newmont Goldcorp (NYSE: NEM) (TSX: NGT) has begun commercial production at its all-electric underground Borden gold mine, located near Chapleau, Ontario, about 160 km west of the company’s Porcupine mine.

Borden, or “the mine of the future” as the world’s largest gold miner has promoted it, uses an electricity and battery-powered underground fleet.

The vehicles are expected to eliminate all greenhouse gases (GHGs) associated with diesel-based equipment and the movement of ore and waste rock, equal to roughly 50% of the total GHGs on site, or 5,000 tonnes of CO2 per year.

more https://www.mining.com/newmont-goldcorp-kicks-off-commercial-production-at-all-electric-borden-mine/

Buygold–gold up 9.20–like I said, it’s due a bounce…but. at. bottoms slepticism reigns

Posted by Richard640 @ 10:23 on October 1, 2019  

Needs to bounce a lot harder than this

Posted by Buygold @ 10:18 on October 1, 2019  

tentative at best. If gold doesn’t catch some air in the next little while they’ll take it right back down and get the SM right back up.

 

For the time being

Posted by ipso facto @ 10:16 on October 1, 2019  

Aramco Crude Production Restored To Pre-Attack Levels, Official Says

https://www.zerohedge.com/energy/aramco-crude-production-restored-pre-attack-levels-official-says

A. weak mfging. report came out at. 10am–let’s see if this. 7 buck pop in gold will hold

Posted by Richard640 @ 10:13 on October 1, 2019  

stocks were up 100 or so now down 80….let’s see if they can turn it all around by 11am…gold is entitled to an o.s. bounce regardless of any report.

2019

Uncomprising year—I see no meaning to life.
Though this abled self is here nonetheless,
either in trade gold or grammaticness,
I drop the wheelwright’s simple principle—
Why weave the garland? Why ring the bell?
Penurious butchery these notoriously human years,
these confident births these lucid deaths these years.
Dream’s flesh blood reals down life’s mystery—
there is no mystery.
Cold history knows no dynastic Atlantis.
The habitual myth has an eagerness to quit.
No meaning to life can be found in this holy language
nor beyond the lyrical fabricator’s inescapable theme
be found the loathed find—there is nothing to find.
Multitudinous deathplot! O this poor synod—
Hopers and seekers paroling meaning to meaning,
annexing what might be meaningful, what might be meaningless.
I woke to the reality of cars; Oh
the dreadful privilege of that vision!
Not one antique faction remained;
Egypt, Rome, Greece,
and all such pedigree dreams fled.
Cars are real! Eternity is done.
The threat of Nothingness renews.
I touch the untouched.
I rank the rose militant.
Deny, I deny the tastes and habits of the age.
I am its punk debauche …. A fierce lampoon
seeking to inherit what is necessary to forfeit.
Lies! Lies! Lies! I lie, you lie, we all lie!
There is no us, there is no world, there is no universe,
there is no life, no death, no nothing—all is meaningless,
and this too is a lie—O damned 2019!
Must I dry my inspiration in this sad concept?
Delineate my entire stratagem?
Must I settle into phantomness
and not say I understand things better than God?

Portugeezer @ 7:35

Posted by ipso facto @ 9:50 on October 1, 2019  

She’s a beaut!

G & S Down

Posted by Buygold @ 9:41 on October 1, 2019  

JNUG up – Time for a bounce?

Speaking of Repo

Posted by Buygold @ 9:20 on October 1, 2019  

I guess this is now a permanent open market operation that was supposed to end in September. Everything is fine….

NY Fed Starts New Quarter With Unexpectedly High $55BN Repo Operation

So much for the liquidity shortage being a “quarter-end phenomenon”

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