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

@Captain Hook?

Posted by Mr.Copper @ 11:23 on May 24, 2017  

Are you the captain hook from the old Gold Eagle? Re AU AG maybe after a Fed Announcement things will perk up. I think they are meeting this week. And wait until 2:00 PM, Wed or Thurs.

Mr buygold

Posted by Captain Hook @ 11:15 on May 24, 2017  

Actually the beatings will continue until morale fades, like with bitcoin. People hate and don’t trust it, yet it keeps rising due to this and fixed supply. Permabullish precious metal derivative players create tons of artifical supply, which is largely why the underlying can’t catch a bid.

Thankfully we may be close to a turn in this regard.

Cheers

FYI On My Watch List

Posted by Mr.Copper @ 10:53 on May 24, 2017  

RYI and KTOS defense related, I see insider buying, plus TPTB are promoting increased defense  spending.

Morning Maddog

Posted by Buygold @ 10:45 on May 24, 2017  

Make no mistake, the scum will not allow the metals or GDX to stay positive today. Not a snowball’s chance in hades.

As far as desperation? I’m not sure I’d call five years of selling desperation – maybe.

beatingscontinue

What’s next?

Posted by ipso facto @ 10:45 on May 24, 2017  

Japanese Budget Airlines Will Accept Bitcoin In 2017, Install BTMs At Airports

https://cointelegraph.com/news/japanese-budget-airlines-will-accept-bitcoin-in-2017-install-btms-at-airports

Seems scum selling/capping GDX and GDXJ

Posted by Maddog @ 10:37 on May 24, 2017  

when GDXJ was trying to rally above 31.60, scum made sure it went back below…..

They are trying to kill all bullish sentiment in the shares….but that could well be desperation, as the metal price is strong so far….but then again we have Fed minutes…which will of course be sold.

Here is another Bitcoin projection…click on arrow to update to latest price

Posted by wxman @ 10:29 on May 24, 2017  

https://www.tradingview.com/chart/BTCUSD/4UoFj6VZ-On-the-Verge-of-the-Biggest-5-Months-Bitcoin-Megabull-EVER/
and another…
https://www.tradingview.com/chart/BTCUSD/lLSMXsGW-BTC-longtime-log-chart-12-25k-in-2017/

Morning R640, Farmboy

Posted by Buygold @ 10:25 on May 24, 2017  

R640 – definitely a strange divergence between NUGT/JNUG, can only suspect it has to do with the GDXJ rebalancing which is just so ridiculous anyway. Whatever, I’m a little surprised the metals are holding up although I doubt they will be after the Fed minutes talk about raising rates.

Farmboy – JDST has served you well old buddy. No reason to deviate from your plan…

For us hearty goldbugs, the nightmare continues until it doesn’t…

20170519_pcr

D’oh!

Posted by ipso facto @ 10:19 on May 24, 2017  

Tanzania outs mining minister over alleged collusion with companies to evade taxes

Tanzanian President John Magufuli has fired his mining minister after results of an audit of containers carrying ore published Wednesday showed exports had been understated.

Minister Sospeter Muhongo was not the only casualty, as the President also show , Dominic Rwekaza, chief executive of Tanzania Minerals Audit Agency, the door and asked authorities to investigate those responsible of helping by mining companies to evade tax, Reuters reports.

President Magufuli said the probe revealed that mining firms, including Acacia Mining, understated the mount of mineral sand exports, which caused the east African nation to lose millions of dollars.

The investigation, launched by the Magufuli two months ago, found that the value of minerals within concentrates in containers at the country’s Dar es Salaam port was in some cases up to 10 times more than the declared amount, according to Acacia Mining.

cont. http://www.mining.com/tanzania-outs-mining-minister-alleged-collusion-companies-evade-taxes/

Richard640 @ 9:48 The GDXJ Index is Down 1.88%,

Posted by Farmboy @ 9:55 on May 24, 2017  

and it appears both JDST and JNUG are tracking it correctly. Question is, is the GDXJ overly done since HUI, XAU, and GDx are all down, but much less so than GDXJ. Strange indeed.

wxman @ 15:39 Thanks For Explaining It To Me

Posted by Farmboy @ 9:51 on May 24, 2017  

I got lost in all the colored squiggles. The future looks a little brighter for the Goldbugs.

Buygold–JNUG just had a mini-crash–down 5.1%, all on its own, with NUGT down only .30%-weird, eh?

Posted by Richard640 @ 9:48 on May 24, 2017  

Maya @ 3:07 If The Gold Train Has To Make a Stop, It Might As Well Be For Coffee & Donuts.

Posted by Farmboy @ 9:20 on May 24, 2017  

From pulling weeds to cutting trees. How’s it feel to do a real days work ? Being retired and all. LoL

Morning Buygold, If The Banksters Start Bullying Us Today, Pull Out The Great Equalizer.

Posted by Farmboy @ 9:10 on May 24, 2017  

The JDST Taser !  🙂  Save the Planet, Zap a Bankster Today.

taser

 

Well

Posted by Buygold @ 8:38 on May 24, 2017  

PM’s trying to inch higher, but shares ain’t buying it.

Probably gong to be another rough day as they sell them out of the gates.

Fed minutes today. OpEx tomorrow. Easy time for the scum to rape and pillage.

Hiya Maya

Posted by Portugeezer @ 5:00 on May 24, 2017  

We have watched and waited, amazed by Bitcoin.

Amazed by your tenacity, guts, faith and strength of character.

I can only console myself by saying that I, along with most of us Tenters, would have sold out when Bitcoin had doubled.

I missed out on Apple at 5-6 bux.  I studied it but copped out.

Congratulations my friend.  Enjoy watching your log fire burn.

Rich

wxman @ 14:58

Posted by Maya @ 3:15 on May 24, 2017  

Ye Gods!  So… I sit tight for two years and become a millionaire!?

Wonder if I can sit tight for that long.  🙂

Coffee Train

Posted by Maya @ 3:07 on May 24, 2017  

Today I felled six trees on the back 40.  Cut up the logs, and took two truckloads to the green waste dump.  So pardon my laziness.

The Canadian Coffee train… sporting a ‘CanDo’ livery, stops at Tim Hortons for coffee.
http://railpictures.net/photo/617570

The Media Blackout is in Europe too !

Posted by Ororeef @ 1:56 on May 24, 2017  

The controlled media has deliberately blacked out mass German opposition to the nonwhite invasion of Europe, with the latest such example being the huge rally held in Dresden on September 21.

The rally, attended by tens of thousands of ordinary Germans, men, women and children—accompanied by a smattering of other European nationalities—filled the entire city center, but news of this possibly biggest ever public opposition to Angela Merkel’s treasonous policies was covered in a highly negative fashion by some German media, but completely ignored by media outside of that country.

Well I lost my dock tonight in a high water event, not even a storm. Quite the sight for my Goddess ole Mother Nature.

Posted by macroman3 @ 0:09 on May 24, 2017  

I tried to get a Maya train pic, all I got was tracks. As a goldbug, I figger I Gata the same ole shaft…

Related image

@Farmboy re 14:23 Re Good Versus Evil I Know What You Mean.

Posted by Mr.Copper @ 22:48 on May 23, 2017  

Somehow I missed your response until just now. You always make sense. Thanks for the comeback. Another thought I had today re the Middle East. The place is way behind the times. Its like 2,000 years ago over there. Only partly civilized.

It looks to me like the global western powers made an objective to colonize and modernize the place, and its got bad long term adjusting pains. Its going to take another hundred years to European that place.

Around here they have this tiny Piping Plover they are trying to avoid its extinction. The wales too, save the wales, and so many other old things they strive to preserve. Not the American Indians though. And not the backward natives in the M/E.

Why don’t they strive to preserve a 2000 year old civilization? They should have left Sadam Hussein in power. He had all those crazy backward people behaving properly. And look at the USA. It was originally a very unique impressive country. Why not have the objective to PRESERVE the USA in its original form??

The pea brains merged us with the rest of the world. Like mixing two colors to get a third color. Like Trump said, no border means no country. And regarding the attacks? They used to be only in Israel. Now we have  little bits of Israel spreading all over Europe and the USA. Why no attacks in Mexico Canada or Switzerland? And many other places.

@Richey, That All Sounds Right To Me.

Posted by Mr.Copper @ 22:08 on May 23, 2017  

Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally

Posted by Richard640 @ 21:41 on May 23, 2017  

Legendary vulture investor Asher Edelman, the 1980s model for Gordon Gekko, strayed into what must’ve been uncomfortable territory for CNBC during an appearance on “Smart Money” when he discussed his view that the government’s “plunge protection team” is the only thing propping up the current market rally, and said he suspects that it has again been recently een intervening in the market to keep stocks at record highs.

http://www.zerohedge.com/news/2017-05-23/asher-edelman-says-i-have-no-doubt-ppt-behind-market-rally

Gold ETF GLD, Looks Good To Me

Posted by Mr.Copper @ 21:36 on May 23, 2017  

I see an up-trending 50 dma, and just crosses over the 200 dma.

6 mo http://schrts.co/f2He2l

Pretty much same thing with $GOLD continuous contract.

http://schrts.co/oshZSd

These monthly type moves up and down seem a lot more extreme than years ago, and that’s probably because of those stupid ETFs. It seems like they want to give the markets a never ending supply of tickers to bet on. Unfortunately, I think we have so many tickers these days, that many get neglected. Not enough invest dollars to fill and top off all the tickers.

5-23–BARRONS=Fed Minutes Expected to Bolster Case for June Rate Hike

Posted by Richard640 @ 21:33 on May 23, 2017  

Investors don’t expect softer economic data to deter the Fed and they aren’t hopeful for new detail on plans for shrinking balance sheet.

Even though inflation has been softer and other economic data on the weak side, the minutes of the Federal Reserve’s last meeting, to be released at 2 p.m. ET on Wednesday, are expected to point to another rate hike in June.

Investors will be watching to see how the Federal Open Market Committee balances the slightly weaker data with the push to raise rates. They will also be looking for any new information about the Fed’s plans to shrink its balance sheet.

John Bellows, portfolio manager with Western Asset, expects the Fed to stay on track:

After a little shakiness last week, market pricing now reflects an expectation of another increase in June and an expectation of continued, gradual hikes afterwards. In our view, there is no reason for the Fed to change this set of expectations in [the] minutes. Against the generally positive tone in the growth data, the recent inflation data has been disappointing. The absence of sustained acceleration in wage gains is notable, and at a minimum casts a shade of down on the prospect for future gains in inflation.

But he doesn’t expect to hear much on balance sheet policy:

While there is little doubt that the Fed views shrinking its balance sheet as part of the normalization process, the conversation is still preliminary and there is no particular need for them to commit at this stage. Whatever they end up doing, it is likely to be with the same emphasis on “gradual” and “careful” that has characterized all of their actions recently.

Here’s how Michael Sheldon, chief investment officer at RDM Financial Group, sees it playing out:

The Federal Reserve Bank is likely to emphasize that overall, the economy remains on pretty solid footing. On the positive side, they will likely highlight continued improvement in the labor markets, solid consumer confidence data, mostly positive data on housing along with some signs of improvement in the manufacturing sector.

Offsetting the positives, the FOMC may point to continued uncertainty in Washington, recent declines in inflation breakeven data and modest gains in wages.

Sheldon notes that anything that veers from this forecast could upset markets:

The markets expect the Fed to raise rates again in June and possibly later this year for a third time in 2017. Any signs that the Fed is backing away from this timetable could impact the dollar, bond market and help send stock prices higher.

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