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

Buygold @ 15:21

Posted by Captain Hook @ 15:46 on April 4, 2020  

You said, “I’ve never seen the Crimex raise margin requirements when the price of the metals is falling – never.”

Actually that’s how they killed the rally in 2011. The difference this time is OI is at the lows now.

Go ahead, raise the margins more — they are sold out with the risk to the upside because of this.

Thing is, if they raise margins more from here buyers would be stupid to speculate in futures with little leverage.

Might as well buy physical silver and go for the ten bagger with little risk.

Cheers

Ipso, Captain

Posted by Buygold @ 15:21 on April 4, 2020  

Ipso – Pretty damn funny and so true. People can buy gold all day long for the paper price and never receive an ounce, worse, more than likely lose their asses because of their manipulation! When the rules don’t work in their advantage, i.e. margin requirements, they just raise them to scare the regular folks, almost always long, out.

I’ve never seen the Crimex raise margin requirements when the price of the metals is falling – never.

Captain – I hope I’m right too, but I think your statement here pretty much says it all:

“This is until these idiots are parted from enough of their money they stop…PMs will continue to be held back.”

Unfortunately, I have no clue where we go from here…

The Comex Does Not Trade Gold

Posted by ipso facto @ 14:35 on April 4, 2020  

The Comex Does Not Trade Gold

Buygold @ 9:34

Posted by ipso facto @ 13:37 on April 4, 2020  

That brings to mind the old Soviet joke.

A guy walks into a bakery and says to the baker: “Hey how come your bread is 70 kopecks, the baker down the street is selling his bread for 50 kopecks?”

The baker says to him: “Well why don’t buy your bread there?”

The guys says: “He doesn’t have any bread to sell.”

The baker says: “Well when I don’t have any bread to sell I sell it for 50 kopecks too.”

Federal regulators are relying on Goldman Sachs Bank USA to have hedged $42.2 trillion in derivatives

Posted by Richard640 @ 13:05 on April 4, 2020  

Wall Street Had Cut 68,000 Jobs and Received Trillions in Emergency Loans Prior to COVID-19 Anywhere in the World

By Pam Martens and Russ Martens: April 1, 2020 ~

Goldman Sachs Bank USA is the poster child for the insanity inherent in the U.S. banking system (with JPMorgan Chase and Citigroup’s Citibank not far behind). It has $228.8 billion in assets, $34.5 billion in risk-based capital, and $42.2 trillion in notional derivatives (face amount). Federal regulators are relying on Goldman Sachs Bank USA to have hedged $42.2 trillion in derivatives so that its netted out total credit exposure from all of its derivative contracts is just $118.4 billion rather than $42.2 trillion — which is still 344 percent of its risk-based capital.

That’s a big leap of faith given that JPMorgan Chase in 2012 had no idea its derivative traders in London were hiding massive losses on their derivative trades until a media leak brought on an investigation. JPMorgan CEO Jamie Dimon told the media at the time that it was all just “a tempest in a teapot.” But once the Senate’s Permanent Subcommittee on Investigations looked into the matter, it turned out to be a $6.2 billion loss on derivatives. The London traders had used the insured deposits of the bank as if they were chips in a gambling casino.

Even a calamity like that, which launched an FBI probe, did not move the Federal Reserve to tame these banking behemoths on Wall Street.

https://wallstreetonparade.com/2020/04/wall-street-had-cut-68000-jobs-and-received-trillions-in-emergency-loans-prior-to-covid-19-anywhere-in-the-world/
The Genocide of the Vampires - Arc Digital

Buygold @ 9:08

Posted by Captain Hook @ 10:47 on April 4, 2020  

Buygold…you said, “Almost appears that the most of the other players left have finally figured out that the Crimex is a sucker’s game.”

I hope you are right, however knowing how stupid these idiots can be (attempting to not over-generalize), it could simply be the margin increases set against increasingly challenged liquidity conditions. Notice PM’s are still trading in the same direction as the larger equity complex.

Of course your next point could account for this, that being, “if we could just get rid of all the ETF’s – GLD, SLV, GDX, etc. maybe pm’s and shares could have a chance to trade freely”.

A truer statement concerning PM’s you will not find. That’s why the ETFs were put into the formula by the bankers. Because they knew it wouldn’t take much to turn many former PM investors into rabid gambling speculators that would be easy to push around using the machines.

This is until these idiots are parted from enough of their money they stop…PMs will continue to be held back.

Cheers

A little more inventory, not much but you have to pay up

Posted by Buygold @ 9:34 on April 4, 2020  

https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

https://www.golddealer.com/product-category/products-2/bullion/gold-bullion-coins-bars/

Can get some Gold Eagles for $1788, only a 10% premium, which given the bullshit the Crimex is subjecting the gold market to, seems rather cheap to me if someone doesn’t own physical yet.

Just sayin’

R640, Captain

Posted by Buygold @ 9:08 on April 4, 2020  

From the looks of the COT Report it almost appears it won’t be long before the Commercial Banksters will be betting against themselves on the Crimex.

Almost appears that the most of the other players left have finally figured out that the Crimex is a sucker’s game.

Now, if we could just get rid of all the ETF’s – GLD, SLV, GDX, etc. maybe pm’s and shares could have a chance to trade freely?

Credit Bubble Bulletin=A domino collapse of currencies, Credit and banking systems, and economies has become a frighteningly high probability outcome.

Posted by Richard640 @ 6:02 on April 4, 2020  

That the coronavirus crisis is a catalyst for piercing history’s greatest Bubble greatly broadens the scope of institutional failure. “The Coronavirus Pandemic Will Forever Alter the World Order,” is the title of Mr. Kissinger’s insightful piece. “While the assault on human health will—hopefully—be temporary, the political and economic upheaval it has unleashed could last for generations.”

Confidence in government will be shattered for years to come. Here in the U.S., we run up national debt past $21 TN – and fail to accumulate a reasonable stockpile of ventilators, masks and PPG. No preparation for a pandemic? After the downfall, it will take generations to restore faith in central banks. If trust in Wall Street has been thin, just wait. And right now Washington is hell-bent on destroying trust in government finances. We continue to witness behavior ensuring a systemic crisis of confidence in the financial markets and policymaking.

It’s a different world now. The chasm that developed between inflated expectations and deflating economic prospects gapped wider than ever. Prospects for a ravaging EM meltdown keep me awake at night. The existing financial structure, dominated by unsound debt, leveraged speculation, derivatives and free-flowing finance – I don’t see how it works going forward.

When EM citizens come to appreciate their boom experience has left them with unmanageable debt loads – and see their nation’s reserve holdings depleted in fruitless currency support operations – there’s going to be hell to pay. The house of cards is being exposed – and a crisis of confidence is at this point unavoidable. A domino collapse of currencies, Credit and banking systems, and economies has become a frighteningly high probability outcome.

In such a scenario, how would a crisis of confidence in Chinese finance be held at bay? Will Beijing turn more insular as it confronts calamitous domestic issues? Or would a more aggressive global stance be considered advantageous in the face of mounting domestic insecurity and dissent? The upside of Bubbles, buoyed by an optimistic view of an expanding “pie,” is conducive to cooperation, assimilation and integration. The downside unleashes a demoralizing slide into antipathy, disintegration and confrontation.

Kissinger: “We went on from the Battle of the Bulge into a world of growing prosperity and enhanced human dignity. Now, we live an epochal period. The historic challenge for leaders is to manage the crisis while building the future. Failure could set the world on fire.”

=http://creditbubblebulletin.blogspot.com/2020/04/weekly-commentary-king-of-sovereign.html

Silver Train

Posted by Maya @ 4:00 on April 4, 2020  

rrflasher-copy

The California Zephyr climbs the big hill
https://railpictures.net/photo/727352/

 

Report from the Islands ‘Petri Dish’

Posted by Maya @ 3:58 on April 4, 2020  

HAWAII HAS 34 NEW CASES, ONE NEW DEATH.  Stats from the Hawaii Dept of Health:

Total cases: 319 (34 new)
Hawai’i County: 20 (2)
Honolulu County: 237 (31)
Kaua’i County: 13 (1)
Maui County: 36 (9)
Pending: 11 (-)
Residents diagnosed outside of Hawai‘i: 2 (0)
Required Hospitalization: 18 (3)
Hawaii deaths: 3 (1)
Released from Isolation: 78 (6)

“Stay at Home” orders.  Mandatory 14 day quarantine for air travelers, including interisland travel.  Travelers arriving without a place to stay are immediately turned away at airport and sent back.  Most business closed.

Spent yesterday mowing lawn & beating back jungle greenery.  Harvested one bunch of banana.  (Welcome to survivor island!)  Sore today so sit down job was making face masks out of scrap cloth for personal use to go shopping, etc.  There’s a home cottage business there…  masks will become social ‘necessities’ and fashion statements.  They will be with us for a long time I expect, as social distancing morals change.

treefrog

Posted by ipso facto @ 1:09 on April 4, 2020  

Good one Woo Hoo!

every dog should have a boy…

Posted by treefrog @ 23:17 on April 3, 2020  

No photo description available.

So the plot thickens

Posted by goldielocks @ 22:32 on April 3, 2020  

I key in a few words and voila!
Fauci is in bed with Gates who we already know stands to make millions on a vaccine.
I posted this:
So the plot thickens. Dr Fauci is in bed with Bill Gates who stands to make millions on a corona vaccine? No matter if people die instead of being treated with the Hydroxychloroquine Zpac medicine saving them now?

The truth is that President Donald Trump is locked in an intense power struggle with Bill Gates, who is pushing his vaccines, which may not be available to the public until after November’s election. Gates has a lot of pull in the medical world, he has a multi-million dollar relationship with Dr. Fauci, and Fauci originally took the Gates line supporting vaccines and casting doubt on Chloroquine. Coronavirus response team member Dr. Deborah Birx, appointed by former president Obama to serve as United States Global AIDS Coordinator, also sits on the board of a group that has received billions from Gates’ foundation, and Birx reportedly used a disputed Bill Gates-funded model for the White Houses’ Coronavirus effort. Gates is a big proponent for a population lockdown scenario for the Coronavirus outbreak.

Fauci and Birx BOTH Have Big-Money Bill Gates Conflicts of Interest

As USA Sovereign risk accelerated further…

Posted by Richard640 @ 20:23 on April 3, 2020  

As USA Sovereign risk accelerated further…

MG ( Midnight Gardener )

Posted by Alex Valdor @ 20:13 on April 3, 2020  

My family moved out in 1944 but I had an uncle and aunt on Carter Ave. who were like second parents to me . My uncle was known as ‘Big John’, and continued to work underground and then in the surface machine shop at Lakeshore until the mid-1950’s .

Why would they do this; most likely because if they didn’t the global banking system would have imploded.

Posted by Richard640 @ 19:45 on April 3, 2020  

Hi Bill,

Only one word can describe what the Federal Reserve has done these past two weeks: PANIC!

The big spike seen in the chart below (from a 10Wk M/A of 18.23 billion to 82.66 billion) is only from the LAST TWO WEEKS! The FOMC has to using an enema bottle up the market’s back-door to “inject” this much “liquidity” into the banking system. Why would they do this; most likely because if they didn’t the global banking system would have imploded.

Wk Cng Fed Hold 10Wk MA

The clock is ticking for the day when the price of gold and silver are going to explode.

Mark

 

Treasury Secretary Said “Don’t worry, there’s Plenty Of Money Left” I wonder How much is left??

Posted by Mr.Copper @ 19:12 on April 3, 2020  

Good stats but are they irrelevant?

Posted by Richard640 @ 18:23 on April 3, 2020  

The Commitment of Traders Report

Silver

*The large specs reduced their long positions by 6,027 contracts and reduced their short positions by 3,218 contracts.

*The commercials decreased their longs by 104 contracts and reduced their shorts by 3,484 contracts.

*The small specs reduced their longs by 1,925 contracts and decreased their shorts by 1,354 contracts.

The commercials reduced their net short position to 41,300 contracts.

Gold

*The large specs reduced their long positions by 30,399 contracts and reduced their longs by 882 contracts.

*The commercials reduced their long positions by 7,628 contracts and decreased their shorts by 35,492 contracts.

*The small specs reduced their longs by 2,120 contracts and reduced their shorts by 3,773 contracts. 

The commercials reduced their net short position to 283,959 contracts.

All the various players are exiting the scene. However, the silver commercials net short position is near our magic 135,000 number, while the gold commercials are frantically doing what they can to exit their short gold positions.

 

Another joke becomes prophecy as near-end times for the global economy seemingly has gold stymied and confused, “looking for direction” sayeth the MOPE brigade

Posted by Richard640 @ 18:18 on April 3, 2020  

James Mc checked in early…

Fake gold “shrugs off” TEOTWAWKI-like NFP numbers

Bill,

If a minus 700k NFP print, which was 7 times worse than expected, and prior to the catastrophic May NFP which everyone knows is coming can’t move the fake gold price then you know it is a RIGGED casino. Hey, shrugs all the way around, the dollar, Dow, S&P also seem very nonplussed. After all, TEOTWAWKI is no big deal, right? Another joke becomes prophecy as near-end times for the global economy seemingly has gold stymied and confused, “looking for direction” sayeth the MOPE brigade. This is hilarious- even a million standard deviation from norm event doesn’t stop the NFP riggers from making their appointed rounds. People are wising up to this charade however. 

The EFP’s have disappeared for the second straight day. Yesterday’s 2,529 tally is a far cry from the halcyon days of the past year, or, even as recently as last Tuesday. Gold and silver volume have also disappeared due to the margin hikes and the recognition the Crimex is a rigged casino. In the real world the premiums for real stuff will only keep growing.

Here’s a quick checklist for a path to $100k gold:

*Derivatives crash

*Economic crash

*Hyper-monetary expansion

*Equity crash

*TBTF Banking crisis

*Social unrest

*ZIRP/NIRP bond yields

*The acute need for ultimate safety

*Decades-long gold suppression scheme unraveling

ALL criteria for a gold and silver explosion are currently being met. If gold were allowed to anticipate ANYTHING it would already be well on the way to $100k. The approaching monetary debasement will destroy global currency values. We’re currently in the first inning of monetary destruction. 

One of my long held beliefs has been the reason gold, and particularly silver prices have been unreasonablysuppressed is because THEY have to. Kryptonite kills, and a silver blow-up is a nuclear event. I have maintained since the run up in 2011 they could have suppressed gold around $2,000, and silver $50 and nobody would have even noticed or cared. The fact that $1600 and $14 silver exists in the fictional world of the Crimex is proof THEY have short obligations out there that will blow to Kingdom Come if ever those prices become reality. We are witnessing the pre-Kingdom Come phase of the cartel fright show. The Wizard of OZ, aka LBMA, is shouting in his megaphone trying to terrorize people into believing there’s too much gold out there. HAHaHa. (Real) money talks, bullsh*t walks.

 

who knew?

Posted by treefrog @ 17:29 on April 3, 2020  

https://www.canberratimes.com.au/story/6711213/anti-parasitic-drug-kills-covid-19-in-lab/?cs=14231

ivomec kills coronavirus!  i have ivomec on the shelf.  they sell it at the feedstore as a wormer for cattle and sheep.  i’ve been using it as a wormer for dogs for years.  for cattle and sheep it’s injectable.  i’ve been giving it to the dogs orally.  a) draw the dose from the vial with a hypodermic syringe (handy for measuring the dosage – 1 ml/100 lb of dog).  b) pull the needle off and squirt the syringe down the dogs throat.  easy-peasy.

i checked on the web, and it’s used on humans (for worms or other parasites) about the same dosage.  now if the fda can figure out the dosage for CV-19……

Gold Is Not A Consumer Product. Lower Oil Is Deflationary For Most Other Products

Posted by Mr.Copper @ 16:32 on April 3, 2020  

We heard the opposite in the late 70s, that oil ($3 to $40) was involved in practically everything and higher Oil was making everything cost more. Naturally the Media blamed the United Auto worker too because their wages were going up lock step with cost of living.

Gold went up 75% with that 1930s deflation. $19 to $34? 75% again? $2800? Looks too cheap.

This cheap oil, is going to kill electric vehicle sales, and other gas saver cars. And the shortage of pilots? That’s going to reverse. And the artificially cheap airline tickets? That will probably also reverse too because a lot less travelers to divide the costs, less volume equals higher unit prices. Henry Ford figured that out. Higher volume lower cost.

I remember when the our US Oil producers were using our oil. Our rig guys were getting $35/hr a lot of money back then, but overseas $3/hr or a day, I forget. Same thing happened after 1971 with US manufacturers, that had their/our products made overseas and re-imported.

I think TPTB are doing a rain dance.

 

Lots of “black marks” being exposed. Appears they are really trying to create fear porn and panic worldwide. This lady asks lots of good questions that need answers!

Posted by silverngold @ 16:17 on April 3, 2020  

@Maya re Copper Pennies, $50 worth of Wheat Cent Pennies Costs $240

Posted by Mr.Copper @ 15:55 on April 3, 2020  

Almost a nickel each in bulk. I remember going to a coin show years ago, and a dealer had loose wheat pennies he was selling for .25 and .50 each depending on condition,  in small quantities of course.

https://www.providentmetals.com/copper/other-copper-bullion/copper-pennies.html

COT Report – Looks a lot more promising

Posted by Buygold @ 15:43 on April 3, 2020  

Both in silver and in gold. Who know?

https://cftc.gov/dea/futures/deacmxlf.htm

 

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