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

Welcome Dutch

Posted by redneckokie1 @ 23:30 on July 15, 2014  

Hope you enjoy the new site.

 

rno

ipso and dutch

Posted by Buttercup @ 19:55 on July 15, 2014  

now don’t go messin with my cusin 6 times removed. wow this is all together different using firefox! toon1h tiny tiny print copy…hummm yes the browser settings and all that jazz sure makes a difference.  toon2xwj

Dutch @ 16:22

Posted by ipso facto @ 19:41 on July 15, 2014  

LOL! I’ve often suspected as much! 🙂

BRICS New Bank

Posted by Buygold @ 18:52 on July 15, 2014  

Yawn. More fiat backed by nothing is doomed to failure IMHO.

 

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

Tyler Durden's picture

As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called “mini-IMF” since the BRICS are clearly furious with the IMF as it stands currently: this is what the world’s developing nations just said on this topic “We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness.”

http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks#comment-4960732

 

Well Yahoo rolled over

Posted by Buygold @ 18:09 on July 15, 2014  

as it should have after such a dismal report. INTC reported blowout earnings mostly the result of wonderful stock buybacks. This market is going to look really ugly when these companies resume issuing more shares. Just sayin’.

Well OK Dutch

Posted by Buygold @ 17:23 on July 15, 2014  

but be very careful about who you claim to be your friends, unfortunately all us diehards know Wanka all too well. 🙂

Glad to have you with us despite your association with Wanka! 🙂

Just kidding of course, Wanka is da man around these parts. 🙂

D’oh!

Posted by ipso facto @ 16:16 on July 15, 2014  

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

Tyler Durden’s pictureSubmitted by Tyler Durden on 07/15/2014 14:38 -0400

As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called “mini-IMF” since the BRICS are clearly furious with the IMF as it stands currently: this is what the world’s developing nations just said on this topic “We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness.”

As Putin explains, this is part of “a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies.” Initial capital for the BRICS Bank will be $50 Billion – paid in equal share among the 5 members (with a contingent reserve up to $100 Billion) and will see India as the first President. The BRICS Bank will be based in Shanghai and chaired by Russia. Simply put, as Sovereign Man’s Simon Black warns, “when you see this happen, you’ll know it’s game over for the dollar…. I give it 2-3 years.”

•BRICS MINISTERS SIGN DEVELOPMENT BANK AGREEMENT
•INITIAL SUBSCRIBED CAPITAL OF BRICS BANK IS $50 BLN: STATEMENT
A quick take on existing monetary policy.

•MONETARY POLICY MUST BE CAREFULLY CALIBRATED: BRICS STATEMENT
The punchline, however, is that using bilateral swaps, the BRICS are effectively disintermediating themselves from a Fed and other “developed world” central-bank dominated world and will provide their own funding.

We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US$ 100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements…. The Agreement is a framework for the provision of liquidity through currency swaps in response to actual or potential short-term balance of payments pressures.

Incidentally, the role of the dollar in such a world is, well, nil.

more

Yahoo tanks earnings, stock up 3%

Posted by Buygold @ 16:11 on July 15, 2014  

Imagine what would happen to a pm stock if they missed on revenues and EPS?

Crocodile Gold reported increased production and was slammed for a 15% loss. Unbelievable.

Welcome to the Oasis, Dutch

Posted by ipso facto @ 15:29 on July 15, 2014  

Any friend of Wanka’s is a friend of mine.

Dutch

Posted by Buygold @ 15:15 on July 15, 2014  

welcome, if you’re the same guy I remember you had some good thoughts on pm’s. I wish I could remember the forum I used to post on. Easily 7-8 yrs ago. Were you ever from the CA. area?

Welcome Dutch – Looks like your test worked

Posted by Buygold @ 14:23 on July 15, 2014  

BTW – I used to post on another board years ago and there was a guy with the “Dutch” handle. I think he was from CA.

Are you the same guy?

OK floridagold

Posted by Buygold @ 11:18 on July 15, 2014  

We hit the downside rail on you 60 minute HUI chart. So far we’ve held but I’m not sure it will hold if we hit it again. 🙁

Yeah Winedoc

Posted by Buygold @ 11:14 on July 15, 2014  

Seems like pm’s pretty much always have 3 waterfall declines. It could be worse I guess, we could be in oil.

The weakness in commodities is a little disconcerting.

Buygold 0920 lunch break

Posted by winedoc @ 11:04 on July 15, 2014  

UGH

 

Spoke too soon, hammer down ……. again

t24_gold_en_usoz_home

Winedoc

floridagold

Posted by Buygold @ 10:01 on July 15, 2014  

yeah, especially when it’s in front of the bought and paid for Senate. There’ll be no hard questions, just praise and honor.

So we have Yellin

Posted by Buygold @ 9:29 on July 15, 2014  

giving the Humphrey Hawkins today if I remember correctly. Generally not good for us, OTOH, we rallied after the last Fed meeting so ya never know. She could say something wildly dovish.

Morning Winedoc

Posted by Buygold @ 9:20 on July 15, 2014  

Hope you’re right about the backtest. At least we’re not getting a second day waterfall down. Maybe there’s hope.

Good morning winedoc

Posted by ipso facto @ 8:55 on July 15, 2014  

Welcome to the Oasis! 🙂

Back Test

Posted by winedoc @ 6:15 on July 15, 2014  

Hope yesterdays plunge was just a backtest of sorts and we break out soon

Winedoc

Coffee Time

Posted by winedoc @ 6:10 on July 15, 2014  

Winedoc is glad to be serving  up coffee  at the Oasis.

I have contributed to every single fundraiser at “the old site”, so I was disappointed to hear how the funds were being used

Cheers to all new members

Winedoc

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