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

Winedoc

Posted by goldielocks @ 16:09 on August 15, 2018  

Good find on the tool parts. You might have got it for less but maybe someone else might have got it before you could get back to it. I already learned that lesson lol Same with some collector coins. I think they just go off sale though.

All perfectly normal

Posted by Maddog @ 15:43 on August 15, 2018  

20 mins to go and SM is well off lows and riseing……PM’s making new lows….

Buygold

Posted by Maddog @ 15:23 on August 15, 2018  

Rule No 1: No bounce allowed.

Says it all.

Posted by Maddog @ 15:21 on August 15, 2018  

Toilet

No Bounce

Posted by Buygold @ 15:08 on August 15, 2018  

can’t even mount a slight defense in the onslaught.

Probably not a washout, which is scary considering the magnitude of the selloff.

Here come the scum bidding the SM

Posted by Maddog @ 15:02 on August 15, 2018  

in the last hour, to get all those drooling bottom pickers back in….well that’s the idea.

PM’s will still be sat on….as will all commodities.

drb2 – Correction

Posted by Alex Valdor @ 14:37 on August 15, 2018  

It is a 20>1 ‘consolidation’ , so we’ve lost money today , not the spectacular gain it was showing earlier .

drb2 – I am guessing a 10>1 reverse split

Posted by Alex Valdor @ 14:30 on August 15, 2018  

The share price went up about 10 X , so it must be that .

Sorry to be slow answering – I was offline for a couple of hours .

Bloodbath in the entire metal market

Posted by redneckokie1 @ 12:24 on August 15, 2018  

Even aluminum is cratered. Palladium down $50, I hope this is a final washout. Stock market is also a bloodbath . Bank of America down $.50.

 

rno

Think I will buy some PM calls

Posted by Floridagold @ 12:09 on August 15, 2018  

boyknifeelectricalsocket

certainly hoping that I do not get

flush

Posted by Floridagold @ 12:03 on August 15, 2018  

omg

bsmeter

 

 

Can you imagine if gold or silver were up 4%

Posted by Buygold @ 11:53 on August 15, 2018  

The CNBS mush heads would be declaring it was the end of the world.

Then again, I’ve never seen G or S ever up 4% in a day – just down.

I’m really not understanding why pm’s are getting crushed like this. Absolutely brutal.

@ Alex RE: Sprott Resource Holdings

Posted by drb2 @ 11:50 on August 15, 2018  

I believe you are correct.

What is your opinion on this?

I continue to hold at a substantial loss, placing trust in Rick Rule to know what he is doing.

Probably suckered again.

What is happening to Sprott Resource Holdings ?

Posted by Alex Valdor @ 11:37 on August 15, 2018  

Must be a reverse split ?

I am unable to trade this morning .

treefrog

Posted by ipso facto @ 11:32 on August 15, 2018  

What did you say? I can’t hear you because the bombardment is too heavy!

Gold selling

Posted by Maddog @ 11:05 on August 15, 2018  

We have been here every time since the 1st Gulf War, whenever a crisis blows up, the scum crush Gold…at 1st it was considered counter intuitive, by smart operators seeing past the crisis…but now they are struggling to explain the selling. As the problems just get worse and the selling looks insane.

ipso,

Posted by treefrog @ 11:00 on August 15, 2018  

the bombardment’s picking up a little.

Re Japan collapse? Great Years 1945 to 1989.

Posted by Mr.Copper @ 10:59 on August 15, 2018  

That happened because the people there were doing too well, paid too much, by 1989. So big nomadic businesses moved over to China after they used and or built up Japan. They abandoned the USA  in 1975 after we had 30 good years from 1945-1975. They will make you or break you no matter what your skills and ability.

Buygold–the rsi on JNUG is 15.46–but with silver having crashed–down 61 cent earlier–G&S prolly will not bounce today

Posted by Richard640 @ 10:54 on August 15, 2018  

even if the rsi’s on NUGT & JNUG were minus ten below zero

Buygold–thanks for the RSI update–surveying the “safe havens”…the $ index and BitCoin are up a negligible amount–

Posted by Richard640 @ 10:50 on August 15, 2018  

the only instrument catching a decent [not great] bid are u.s. treasuries…not PMs…the old excuse that investors are selling stocks to buy dollars isn’t evident today–but that was just a crap alibi by those not wanting to mention the gold rig…

Maddog–I have heard and have thought the same myself about the deep state boys crashing the mkt before mid term elections

Posted by Richard640 @ 10:45 on August 15, 2018  

Having the Dems control congress is just too horrible to contemplate…but that theory is one of the reasons I bought waaaay outa the money puts on some big banks…in case we get a repeat of 2008.

Co-incidence ?

Posted by Ororeef @ 10:45 on August 15, 2018  

That a Strong Dollar is used as a Weapon against countrys like Venezuela ,CUBA ,Turkey   ..it seems their debts are killing them as the Dollar rises  also oil is priced in Dollars so it also gets more expensive for its buyers like China …..

This may be the reason Gold & Silver are weak as the Dollar is being used as a FOREIGN POLICY tool  and also may force Turkey to sell its GOLD like Venezuela had to do to pay debts……The Dollar kills those who debts are in Dollars and shakes their Gold loose to pay debts ……When these Foreign Policy objectives are met we can devalue and everything goes into reverse…Gold goes up after Turkey and Venezuela have sold their GOLD….to pay dollar debts..and so it goes…Gold dosent protect those whose  DEBTS are in Dollars !Keep your debts in a weak currency ,your assets in a strong one…thats an old adage that many never learned…

Starting to get interesting….even the $ index is only up .110–that’s .150 off the days high-only t-notes are getting a bid.

Posted by Richard640 @ 10:41 on August 15, 2018  

it’s a synchronized global sell off this time–earlier this DOW global  index was down 18–now its down 41

Sure would hope this is some sort of final washout

Posted by Buygold @ 10:22 on August 15, 2018  

NUGT RSI @ 16.75

Not sure I’ve ever seen it that low.

I guess the upcoming liquidity crisis hits pm’s worse than anything else?

Rubino and Rocco’s articles were really timely…

Silver Getting Cheap (er)

Posted by winedoc @ 10:13 on August 15, 2018  

img_2834

Picked up this platter and a couple other trinkets this past saturday

1.25 Kg

Suppose I could have saved another 4% today,  Sheesh

Does it matter long term though ……

Morning Friends on another hard old down day …..

Winedoc

« Newer PostsOlder Posts »
Go to Top

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