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

I ask that seriously cause i am an electric train/trolley buff.

I too grew up near and in Newark ,Elizabeth specifically ..Used to rollar skate at Dreamland in Newark also Twin Citys a block away in Elazabeth .on Frelingheisen Ave. RT 22 was on the path to Kenilworth for Saturday horseback riding as a teen.My  Fathers cousin owned the Mountainside Inn on rt 22 in Mountainside NJ.I know the area well…..

Can you see one thing other than the seasonality chart that makes you think this will change in October? Sept. is supposed to be a seasonally strong month too.

Other than a potential short term bounce or some major (always temporary) event, I don’t see it. I hope I’m wrong.

you must not understand how some particular feature works. there’s no way Google has time to be messing around with a few peoples email accounts. why not just send screen capture shots to people with the chart. are you using a Mac? it seems easier just to attached JPEG images when you want to send a file. there’s probably better things to be paranoid about

slw

I’ve pretty much come to despise Norcini as he has become an arrogant prick. That being said, he’s probably right, the fat lady isn’t even close to singing.

Today was just another day of a failed rally attempt. Not even close.

I use Google email (gmail) to correspond with friends. Occasionally I will send a chart but since I don’t want the url in the email I send it as a copy’paste. That should be the end of the chart access, on the day I send it, but in going back to my previous sent emails I see that ALL THE CHARTS I SENT AS COPY/PASTE PICTURE ONLYARE BEING UPDATED CONTINUOUSLY DAILY!! That means that in some way Google must be accessing my url’s (Stockcharts) and updating my copy/paste charts. For example, I sent a copy/paste chart to a friend on August 6 and in checking back I see the chart is updated to September 19, Fridays date.How this is possible I do not know but it is very disturbing to know this is happening and that they have the ability to do this.  Silverngold

That being said, the bulk of the commodity complex is REELING this morning. Here is the latest Goldman Sachs Commodity Index chart. For any commodity ( and that includes both gold and silver) to escape the general downward tug being produced by money flows OUT of the overall sector, it is going to take some incredibly powerful fundamentals for that specific commodity.

 
Case in point is gold today; the weakness in the equity markets is producing some safe haven flows ( Bonds are higher and the Yen is stable). That is producing a bit of a bounce in gold but the blip higher is attracting sellers up near $1220 at the moment.
It should be noted that GLD, the giant gold ETF, reported a very sharp drop in gold holdings of nearly 8 tons this past Friday. Total holdings are not at the LOWEST LEVEL for this entire year, (down some 21.78 tons from the start of the year) and the lowest level in nearly SIX YEARS!

Here is a closer in view:
Here is a longer dated view:
One has to go way back to December 2008 to find a comparable level of reported gold holdings in the ETF. Just to remind the reader, that was the point that the markets began to respond to the very first Quantitative Easing round implemented by the Fed. Another way of saying this so that it perhaps serves to bring more force to the argument, is that nearly every single bit of gold purchased in GLD at the initial implementation of QE has been SOLD. That is astonishing! Those who keep talking about STRONG DEMAND for gold are simply incorrect, at least as far as the West is concerned. They have been selling their holdings and buying equities and look to continue doing that unless there is some sort of strong catalyst that changes the equation and thus the prevailing sentiment.

It just goes to illustrate how much gold has fallen out of favor as an alternative investment class by Western-based investors. That is the reason ANY FALTERING IN ASIAN-based DEMAND will be brutal for gold.

Based on the above-mentioned collapse in GLD holdings, AND the fact that the TIPS spread is also plummeting, there is simply no reason to buy gold at this time in the minds of Western-based investors.

Here is the latest on the TIPS spread and the comparison against the gold price. Notice that both lines are moving in unison. As inflation expectations fall, ( and I might mention as the Dollar moves higher ) the gold price is falling.

A vast puss bag of vulgarity and prevention is about to burst on Wall St!

Fu Manchu is about to pull the secret lever to the trap door!

Happy tobogganing…grease the skids!

GOT GOLD??!!

Gold is about to embark on an historic bull run!

I strongly suspect the “managers” of the global economy gave up on quantitative easing, and made a big abrupt policy change that they started in June by running the dollar straight up to stimulate Europe and other nations with weak, or deflationary prone economies. (a temporary shot in the arm)

Reason being the US exporters have been built up since 2008 to tolerate the burden (a temporary strangulation) with a stronger dollar for a while, and at the same time, US consumers would spend more and feel better with falling gasoline and heating oil. Its like getting a pay raise.

Dollar chart straight up:

http://scharts.co/1sicXWW

Gold chart straight down:

http://scharts.co/1qnqViH

These moves can’t possibly be natural market forces right?

for the lady to sing in a higher note .. I suspect gold needs to sustain higher prices .

gold just hanging on by the fingernails of hope ..

Few bottles of wine and I will be calling you Darling. Not so sure about kissing ya, but for sure call you Darlin.

Besides, you and I both know the Secret to Living a Long Life. Tacos !!

wine is better than gym

http://www.latintimes.com/drinking-wine-better-going-gym-according-scientists-yes-261496

Thanks for the musical delight today. That is one talented piano player !!

Come on government officials, pick up your knuckles when you walk

Sinclair

DEFINITION OF ‘HINDENBURG OMEN’
A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows – the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day).

Hindenberg  omen ,,, how many time has this Hindenberg omen been generated in the last many months

I am almost sure this omen has been mentioned .. but alias nothing really happened

is this Omen the real signal for melt down in stocks .. ..or just a procursor for watching charts that may or may not be manipulated depending on who one talks to ..

ment

but as long as you are having a good time I say strike up the band. 🙂

I hope you’re right, friend. It’s getting a little difficult to watch.

Is there a secrete society, of frogs ???

Could one apply to this society, if one feels like a frog???

Nemo

THE END IS NIGH, BROTHER, THE END IS NIGH!

World markets are like a pie crust stretched across the roof of a volcano!

Finance is the weakest link in the chain of systems that allows us to run the old economy. It’s the system most abstracted from reality and the most easily manipulated into ever-greater abstraction. Hence it’s the system most easily subject to fatal slippage. And all it takes to set off the slipping is a simple loss of faith.

Wall Street and its hand-maidens rev up the engines of malinvestment and bid up false values of things that will do nothing to get us safely into the economy of real things that awaits us. That economy of real things I speak of does not include many of the comforts and conveniences we’re used to — mass motoring, national chain retail, air-conditioning for all, 24/7 electric service — but it’s where we’re going. As reality drags us kicking and screaming toward it, the likelihood of a domestic political convulsion increases. We’ll look back on these weirdly placid years after the 2008 train wreck with amazement. These are the rudderless years of no leadership, of cowardly dissimulating midgets. A people can only take so much of that.

V.S. Stupidism—James Kunstler—9-22

In my lifetime, the USA has not blundered into a more incoherent, feckless, and unfavorable foreign policy quandary than we see today.

The US-led campaign to tilt Ukraine to Euroland and NATO — and away from the Russian-led Eurasian Customs Union — turned an “intelligence” fiasco into a strategic humiliation for the Obama White House. Notice that the story has vamoosed utterly from the American media headlines, even when the Russian Engineers’ Union issued a report last week asserting that the Malaysian Airlines Flight MH17 was most likely shot down by 30mm cannon fire from Ukrainian military aircraft. The USA State Department didn’t deign to refute it because doing so would have drawn attention to the fact that it was the only plausible explanation for what happened.

Likewise, the campaign to paint Vladimir Putin as Stalin-in-a-judo-robe never really reached take-off velocity, since by all appearances he was the most rational and cool-headed actor on the geopolitical stage, following logical and long-established national interests. If the West had just left Ukraine alone, and allowed it to join the Eurasian Customs Union, that basket-case nation would have been Russia’s economic ward. Now the US and the EU have to support it with billions in loans that will never be paid back. Meanwhile, our European allies have been snookered into a set of economic and financial sanctions against Russia that guarantees they’ll be starved for oil and gas supplies in the winter months ahead. Smooth move.

So, the reason that all this has vanished from the news media is that it’s game-over in Ukraine. We busted it up, and can do more with it, and pretty soon the rump Ukraine region run out of Kiev will go crawling back to Russia begging for a little heating fuel.

You have not heard me at the INN.

ON FRIDAYS!!!!

Nemo