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

…this weekend!   My old friends out in Hawaii are getting the  “Hurricane Double-Whammy”….   Iselle and Julio.   Nuthin’ but soggy buns there!

…from the bunker in the hinterlands,

high & dry Maya.

http://www.fredoneverything.net/Unstable.shtml

this week’s column from fred.  one of his best.

The way things are going between Russia and Ukraine (US), I’d be watching out for an invasion…

The land of Putainne and Freedom Fries…

Sorry, that’s the best I got tonight. Howaboot a great summer song…

US overreach

Aussie $ needs a close above 93.50 and hold it for a good rally. Pound looks like it may fall.

rno

What I meant was the USA had SOOOO much work to do, we needed the millions of immigrants. But not THESE days of course. PS most immigration was banned in the USA FROM 1934 until 1964. After many good years ’34 to ’64 I guess the global PTB decided it was time to make us share the good life.

I agree, well said. Its all in reverse, because the 100 year past objectives was a mistake, that TPTB kept trying to maintain. Like a car with 250,000 miles and a lot of problems needing repair.

Food for thought, briefly, re your…
“Lots more dollars competing for a fixed supply of goods = hyperinflation.”

Comment: They say after every inflation comes a deflation. The “inflation” started in 1913 and ended at the 1929 peak into 10 years of deflation. The next “inflation” started in 1934 after banning Gold ownership.

The 1934 “inflation” STARTED to end in 1971, forcing the Fed to stop redeeming dollars for Gold at $35 when black market price was $240. The Fed Head buffoon Paul Adolf Volker raised rates from 6 to 21% (’71-81) to create demand for dollars to deposit in 18% CDs. (bury, deep storage)

From ’71 to ’81, the 21% rates SUCKED many dollars out of the system. From 1981 to 2001 (120 dollar index) most commodities were in deflation. 2001 to 2011 re-inflation of commodities.

Why are rates REALLY so low these days??? Too much easy money creation for 100 years has resulted in billions or trillions of dollars of excess un-needed un-spent money in savings accounts, and not enough demand to borrow any.

Too many dollars chasing a borrower, kills rates. Too many dollars competing for a fixed supply of goods is no longer applicable. Mass production by robots at night with no lights on for example.

Add when the masses are just getting by and don’t spend so much. Money needs a host. It can’t spend itself by itself. Like a gun can’t shoot anyone either. It needs a host.

I think for the dollar to crash would require something psychological that creates a massive dumping of dollars like a stock with a bad earnings report.

My opinion only …dyodd

I’d rather be in the $HUI than the DOW ($INDU)

shortened link
http://tinyurl.com/lm4tmrd
(link below gets chopped off when posted to the Oasis)

http://stockcharts.com/freecharts/gallery.html?$HUI:$INDU

That’ll put some sand in the gears of commerce. Just what we need … something more to slam the economies. If our government was a person they’d probably be locked away in the looney bin.

Comex Gold Open Interest Hits 5-Year Low; Some See This As Sign Market Could Be Bottoming

Washington (Aug 6) The number of open positions in U.S. gold futures fell to a five-year low in recent weeks as the metal meandered in a sideways trading range.

Some analysts see this as potentially supportive since it might be signaling a bottom in prices and therefore a reversal higher, while others say don’t read too much into it since speculators also could establish short positions whenever they jump back into the market.

Data on the CME Group website show open interest in gold futures on the first day of August fell to 358,996 contracts. A CME Group spokesman said this was the lowest level since February 2009.

By contrast, open interest was 427,744 on March 17 when the currently most-active December futures contract hit its high for the year of $1,390.80 an ounce. Open interest was still as high as 416,799 on July 10, when gold hit a nearly four-month high of $1,347.50.

Open interest then fell back by 13.5% through Aug. 1, although it bounced slightly during the early part of this week. Open interest is the number of open positions at the end of a session.

A run-up in gold prices occurred in July largely on speculative-type buying during geopolitical tensions such as those surrounding Ukraine, said Kevin Grady, president of Phoenix Futures and Options LLC.

“Once the market started selling off, that’s when open interest took a hit,” he said. “A lot of the short-term longs, which we call the weaker longs, just liquidated those positions. They got out. When we broke $1,292.60, which was a very good support level for gold, we saw a tremendous amount of liquidation.”

Phil Flynn, senior market analyst with Price Futures Group, suggested the range-bound nature of the gold market lately also may be deterring some participation. “Both the bulls and bears have been frustrated with the market,” he said. Additionally, he suggested big banks might be scaling back positions under pressure from regulators.

Jim Wyckoff, analyst with Kitco, said open interest has fallen in a number of commodities that have been in a downtrend, citing grains and softs markets, excluding cocoa. In particular, he pointed to the downdraft in commodity bellwether crude oil since earlier this summer.

“There’s a lack of speculative participation in the raw commodities sector right now that you haven’t seen in some time. That’s because most of them are in bear markets,” he said. “The speculative or retail public likes to be bullish and go long markets. When they see prices in a downtrend, they tend to stay away from them.”

Additionally, money was flowing into record-setting stocks before a pullback since the end of July. The strength in equities was taking away money that otherwise might have gone into commodities, said Wyckoff and George Gero, precious-metals strategist with RBC Capital Markets Global Futures.

“Open interest was low because the stock market performance siphoned a lot of gold money out of the futures,” Gero said. “So we had year-low open interest of (around) 358,000….It shows you the funds have been under-invested in gold.”

Source: FORBES

http://www.silver-phoenix500.com/comex-gold-open-interest-hits-5-year-low-some-see-sign-market-could-be-bottoming

I like to hear what Louise has to say. Maybe she’s not so profound today but I still like to know where she stands.

ipso

Great Panther Silver Reports Second Quarter 2014 Financial Results

http://finance.yahoo.com/news/great-panther-silver-reports-second-201122301.html

Franco-Nevada Reports Strong Q2 2014 Results and Declares Quarterly Dividend

http://finance.yahoo.com/news/franco-nevada-reports-strong-q2-200000227.html

Silver Standard Reports Second Quarter 2014 Results

http://finance.yahoo.com/news/silver-standard-reports-second-quarter-210900014.html

Golden Minerals Announces Second Quarter 2014 Results

http://finance.yahoo.com/news/golden-minerals-announces-second-quarter-211000658.html

Nice call on the Aussie dollar. Surprised me when you said the AUD would go up with the USD but seems to be working out for you. Best.

Re: FATCA

Bill,
This is apparently already in effect. Monday I transferred a few thousand dollars from my Tulsa account to my French bank, using a very good service called TransferWise. They couldn’t complete the transfer and have created a nightmare situation for me because the transfer came from my US checking account, which also has my company name on it. This puts it into a whole new category that FATCA scrutinizes carefully. The European and other international banks are running scared over this US overreach. It bodes not well for the future.

DD

You don’t open factories overnight, and where and what would they produce that cannot be purchased cheaper elsewhere. In any event things will have to purchased while the new facilities are being built and that will not be overnight……….

Working at what and where……….?

The Question still is not answered. While a new economy or lifestyle is be implemented ‘ who  feeds and clothes and houses those without jobs or income of some sort, especially if printing presses are stopped. NYC requires at least 30 million pounds of food a day just to feed its people, an economic crash would cause “blood on the streets” as I see it.

According to some gold obsolete too so anyone having any should all sell and put it in a bank and use your cell phone as a ATM card. I can see a wrong person getting ahold of that. Actually Ive only seen it done a couple of times no matter the area.  So since it’s deemed obsolete might as well get rid of it and turn it into those valuable dollars to help the bankers and gov. so they can charge you for holding it or initiating negative interest rates. However if w EMP does hit good luck getting your card to work. Same goes for those printing presses for goods.

lol, good one. and kwn to boot, eesh!

king world nausea……?

if I am not misunderstanding, she has been very cautious for the past year and I dont remember her being so at 1900.  Which is really the story with almost every investor,blogger, site, et al in the pm.s….sad but twoo

Ok, I read Louise Yamada. She says gold really could go up here. She also says gold could really go down here. Could go either way. Startling news, surely worthy of $250 …PLEASE!   And Richard, please don’t let any of this interfere with your sanity in posting pure garbage.

In the 1900s majority of jobs were to my  agriculture. In early 1900s not populated or over populated. Surely your no comparing the days of open territory’s to today where this territory is now filled. Were not living in the past were living in the here and now. Even in those days they apparently had better border patrol  and limits on how many could come in legally. Think it was like 100k year. Then Ted Kennedy it was I believe who increased it to a million. That’s only legal entry. Did he do that with consent if citizens or just took it upon himself or maybe some back pocket deal with industrial wanting to pay cheap wages?

I’m not so concerned about automation or a computer taking over my job.

I’m of the belief that a new economy is now emerging. A third industrial revolution is unraveling right before our eyes. This is all occurring b/c of the web and cheap digital fabrication tools.

The old regime will fall. the old way to do business will drown many of fools coming soon. The old model of designing something in the west and shipping off the blueprints for it to be built by a third world country is soon to be challenged. Products will no longer be loaded onto boats and shipped. It’s a dead model that the PTB want to keep on CPR as long as possible.

We’re moving to the future where factories will no longer be needed to produce items. Just download and print. John Maynard Keynes says, “It’s easier to ship recipes that cakes and biscuits.”

All industrial revolutions so far have been hugely disruptive technological events that cause many problems in the social and economic fabrics.

Ideas want to be free and shared. Hoarders hurt themselves. Elon Musk recognized this and made all his car patents open source. Pretty neat stuff. A door has opened.

If a factory is everywhere, the design team is everyone. One size fits all.

In a sense employment/unemployment is this, and other countries biggest problem. There are few jobs for the working class anylonger. Machines and computers have taken over the production of goods and even some services. As I am sure Mr. Copper is aware of, right after WW 2 it took almost three years   to reconvert the ‘war plants’ back to produce the multitude of civilian goods that were in demand. There were waiting lists and premiums (along with ‘under the table’ bribes being paid for almost any manufactured product you wanted.  Today we cannot even use the old manufacturing plants as they are too obsolete to even be ‘re-opened’. So the problem really is what do we do with millions of working class people who need to eat, be clothed and housed. Work to eat is not the answer, when there is no work, and the government will provide a better standard of living for free. No one will work for minimum wages, that for the illegals. Any comments?

Japan has been losing jobs to China lately, since 1990. Same as the USA. Big global business needs it ass kicked. Each country should be self reliant, produce own needs, import only what they can’t get locally.

In other words, each country should produce their own aircraft, cars, consumer products etc. What big business has going now is……

Gotta go now. We had zillions of immigrants early 1900s, and plenty of work for them.