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

Scruffy 10:52

Posted by goldielocks @ 14:53 on October 1, 2014  

One of Armstrong’s recent posts mentioned exit taxes. Can you imagine, next will be entry taxes. Reminds me of the corruption in the depression trying to make people pay farm workers moving to another state like Calif with dirty politics to get work. Unbelievable.

The railroad expanded the economy and gave birth to mail order. With the internet, the service industry can be anywhere and what began with the railroads in the 19th century is moving into high gear for the 21st century. The high cost of infrastructure is no longer necessary. Even Goldman Sachs constructed its building not in NYC, but in NJ – that leaves the Occupy Wall Street Crowd far from their offices.

In the United States, the high taxed Northeast has lost 40% of its House seats on Capitol Hill because people are fleeing the high taxed region. The sun is setting on New England. We moved our office out of Philadelphia because of a triple income tax. New Jersey has imposed an EXIT TAX just to leave the state.
http://armstrongeconomics.com/2014/10/01/taxes-move-people-money/

Russian students 9-10 grade

Posted by commish @ 14:44 on October 1, 2014  

Samb–I was just joshing…and I ain’t no big time trader…that said, I don’t like the action

Posted by Richard640 @ 14:17 on October 1, 2014  

Crude’s given up all its gain–but I do not think PMs will go down with the stock mkt like in 2008…

Richard @13:40

Posted by Samb @ 14:09 on October 1, 2014  

Good! YOU COULD BUY ME OR SELL ME  multiple times over. But, I believe this is an opportune time to leverage money on a call in silver. I can’t put anymore in without confirmation…money management you know. But, but, but, I’m ready.

My good buddy Steve Lieb issues his 87th call for a historic rally over tug King News

Posted by Richard640 @ 13:57 on October 1, 2014  

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/30_A_Historic_Bottom_Being_Made_In_Gold_%26_Silver_%26_%2410%2C000_Gold.html

replaced my tinfoil for these hazmat hats.

Posted by macroman3 @ 13:50 on October 1, 2014  

Whip that ebola or it’s 3G…Georgia Guidestone Goal

Can you identify the folks from Dallas in the vid?

 

Well with all the hazmat suits being ordered, a short musical interlude is in order.

Posted by macroman3 @ 13:47 on October 1, 2014  

Hey winedoc, time for some different car parts

Samb-U right, bro, u right…and I did man up….i got out of 1/2 top tick on jnug-watching the rest-what chew done done, big swinging river boat gambler?

Posted by Richard640 @ 13:41 on October 1, 2014  

Completed:
Sort By:
JNUG – 8:13
Bought 2000s @ $12.00 – Total: $24,007

 

Completed:

Sort By:

JNUG – 11:36
Bought 2000s @ $12.39 – Total: $24,787.00

Completed:
Sort By:
JNUG – 01:24:46
Sold 2000s @ $12.73 – Total: $25,452.43
JNUG – 11:36:12
Bought 2000s @ $12.39 – Total: $24,787.00

Florida

Posted by goldielocks @ 13:27 on October 1, 2014  

Beer making you smarter. Don’t fall for it. Although someone did say it made Bud wiser.

Why China thinks gold is the buy of the century

Posted by Mr.Copper @ 12:58 on October 1, 2014  

– China could purchase the total United States gold reserve (8133 metric tonnes) with 8% of its foreign exchange reserves.

– It could purchase the total global gold reserve (31,866 metric tonnes) with 32% of its foreign exchange reserves.

– It could purchase all the gold stored by Exchange Traded Funds (+/- 1750 metric tonnes) with less than 2% of its foreign exchange reserves.

– At $4900 per troy ounce, the value of U.S. gold reserves would match China’s U.S. Treasury holdings of roughly $1.28 trillion.

– At $4700 per troy ounce, the value of the world’s gold reserves would match China’s total foreign exchange reserves of roughly $4 trillion.

– To put it another way, China could pay double the current price for the world’s total gold reserve and still have nearly $1.5 trillion in foreign exchange reserves.

– China sits atop the list of the world’s foreign exchange holdings. The United States ranks thirteenth at $133 billion. For the United States to ascend to the top of the rankings, it would need to revalue its $319 billion gold reserve to almost $4 trillion – or raise the value to just under $15,300 per troy ounce.

http://www.usagold.com/publications/Oct2014R&O.html

Richard 640

Posted by Samb @ 12:53 on October 1, 2014  

Come on now. Strap it on and stop being such afraidy cat! Buy, Buy, call options and make a ton of money. Silver has been washed out and you know it.

Looks like the 1st o.s. bounce in a long time-pretty anemic so far…but these turns take time…

Posted by Richard640 @ 12:11 on October 1, 2014  

The fast money boys on cnbc are still chirping “buy buy buy”…I doubt this is a turn for gold but if it is turns always look ragged and tentative-as I have said before…

“Economics growth is delivering and earnings growth is delivering”  The boys on Fast Money repeat the stock bulls favorite mantra= with all that’s thrown at this mkt, it is resilient”

Lunch Break: BuyGold 11:21

Posted by winedoc @ 11:53 on October 1, 2014  

SM only down 1%

Overdue for significant correction

Its hard to whisper …… “Onward Pilgrims”  …….  Silver has been beat down  SO  far

Winedoc

 

Ipso

Posted by Buygold @ 11:21 on October 1, 2014  

Hopefully. I’d think we’re going to need  pretty big SM meltdown for them to announce more QE.

Buygold

Posted by ipso facto @ 11:00 on October 1, 2014  

“bad enough to force the Fed back into QE.”

I think that’s a done deal at some point. We really fly then.

California suction dredge miners score win over ban

Posted by ipso facto @ 10:57 on October 1, 2014  

RENO (Mineweb) –

California-based suction dredge or hobbyist gold miners recently scored a legal victory as the California Court of Appeal held that a state ban forbidding all commercial beneficial use of a federal mining claim is preempted by federal mining law.

In 2009, California adopted a temporary moratorium on motorized suction-dredge mining; eventually the ban became permanent as the California Department of Fish & Game concluded that there are significant and unavoidable environmental effects from suction dredging which the agency lacks the legal authority to fully mitigate.

Environmental groups and Native American tribes have argued that the dredges destroy the spawning beds of salmon and other fish.

As a result of the ban, many owners of mining claims on federal land argued that the moratorium deprived them of an efficient method of extracting gold from streambeds that previously enabled them to earn a living.

cont. http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=255025&sn=Detail

Ipso

Posted by Buygold @ 10:39 on October 1, 2014  

It sure look like a correction is coming. Hopefully it’ll be bad enough to force the Fed back into QE.

Ten year bonds are screaming higher. Looking for 2% yields by year end.

Too bad they’re stuffing pm’s as usual.

What recovery?

Posted by Buygold @ 10:33 on October 1, 2014  

ISM Biggest Miss Since January: Orders Tumble, Employment Slides, Backlogs Contract, Construction Spending Negative

Tyler Durden's picture

So much for the string of near record ISM prints. Oh… and the recovery too.

As we had been warning all along looking at the unadjusted data (because for some reason surveys need a seasonal adjustment), US manufacturing was actually far weaker than expected. And sure enough, moments ago the ISM confirmed what we had been saying all along when it reported that the headline PMI dropped fromm 59.0 to only 56.6 which was the biggest miss since January, with the all important New Orders tumbling from 66.7 to only 60.0 and the unadjusted print matching the lowest since March, Employment sliding from 58.1 to 54.6, and Backlogs dropping back into contraction from 52.5 to 47.0. So much for the subprime autoloan driven renaissance: it appears that whoever could buy a Government Motors car with a 550 FICO, already has. And now…what

http://www.zerohedge.com/news/2014-10-01/ism-biggest-miss-january-orders-tumble-employment-slides-backlogs-contract-construct

Buygold

Posted by ipso facto @ 10:26 on October 1, 2014  

The SM is certainly showing cracks … next comes fissures and after that … The Pits of Zool!

Singapore launching new physical metals exchange … another wooden stake

Posted by ipso facto @ 10:21 on October 1, 2014  

Singapore Global Gold Hub Cometh – Launches Kilo Bar Contract And Gold ATMs

Singapore Becoming Global Gold Hub – Launches Kilo Bar Contract And Gold ATMs

Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks – on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market.

In a joint statement, International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council, announced the new contract yesterday.

The contract will be traded on SGX, the first wholesale 25 kilobar gold contract to be offered globally, and this is a collaboration among the four parties. The SGX is Singapore’s securities and derivatives exchange and clearing and depository provider.

This caters to the very high demand for physical gold in China and throughout Asia, which has increased significantly over the last decade.

This new gold contract differs from others in that as well as acting as a price discovery benchmark for 1kg gold bars in the Asian region, it has been specifically designed to actually deliver gold to large buyers, wholesalers and institutions, presumably including central banks.

Settlement of the contract is in gold 1kg bars and not in cash. A 1kg gold bar is 32.15 troy ounces.

more http://www.zerohedge.com/news/2014-09-30/singapore-global-gold-hub-cometh-launches-kilo-bar-contract-and-gold-atms

I’d love to see the stink market

Posted by Buygold @ 10:08 on October 1, 2014  

Down about 500 points.

Although the algo’s have the metals on lockdown. At least the USD is taking a breather.

Bonds rallying hard. Somebody is afraid of something going terribly wrong.

Maya @ 9:32 >>> I really enjoy those rail road photos. :)

Posted by Mr.Copper @ 9:59 on October 1, 2014  

Silver Train

Posted by Maya @ 9:32 on October 1, 2014  

Wow!  They’re trying to freeze us out of silver.  Talk about a ‘snow job’!  Don’t worry.  This train will bust through… “walkin’ in a Winter Wonderland”
http://www.railpictures.net/photo/498588/

 

Coffee Time: PGM’s and Rare Earths

Posted by winedoc @ 6:30 on October 1, 2014  

Hot money came out of palladium …….

pd0365nys

Silver is just stinking up the place  ……..

At least my venture into Rare Earths was brief …….

Molycorp  (from 80 to zero)

getChart.go.html

What a casino

Somethings gotta give

Morning Friends

Winedoc

 

 

Coffee’s on

Posted by MadMike @ 5:06 on October 1, 2014  

coffee o'clock arabica

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