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

the paper .. as gold sets at minus 20-23 in and out .. it doesn’t matter how much physical is being bought .. because it is not reflected in the paper dump..

paper to paper .. ashes to ashes dust to dust illusion to illusion

G*d forgive me, but I have had impure thoughts about CNBC anchor Michelle Caruso-Cabrera

Is something wrong with me?

O, yeah….and about Art Linkletter too….

an inflationary episode will follow when the FED does Q4…and Europe is on the brink of more QE [or izzit the 1st QE-no matter]…if all this comes to pass maybe we don’t see $800 gold–maybe this realization accounts for the seeming resilience in gold….

So I do not see gold entering a long-term bear market. We have downside to contend with, but this is how markets simply function.
ANSWER: Taking the metals down short-term is simply a function of further liquidation and a rising dollar. Long-term, I do not see where a return of a bear market is possible

contend with the downside ..

Izzit time for a reverse split on some of these ETFs?

4 Of 5 Top Job Additions In September Were Low Or Minimum Wage

Submitted by Tyler Durden on 10/03/2014 – 09:55

Interested why despite the euphoric headline NFP print, a cursory glance deeper inside the payrolls report reveals weakness after weakness, with both participation plunging again and wages the worst since last summer? Here is the answer: 4 of the top 5 largest job additions in September, retail trade, leisure and hospitality, education and health and temp help, were of the lowest quality, and paying, jobs possible. So yes, America added a whole lot of minimum wage waiters, store clerks, groundskeepers and temps: truly the stuff New Normal “recoveries” are made of.

“Hiring Grandparents Only”: 230K September Jobs Added In 55-69 Age Group; 10K Lost In Prime, 25-54 Group

Submitted by Tyler Durden on 10/03/2014 – 11:00

The further one digs into today’s “blockbuster” jobs report, the uglier it gets. Because it is not only the participation rate collapse, the slide in average earnings, but, topping it all off, we just learned that the future of the US workforce is bleak. In fact, with the age of the median employed male now in their mid-40’s, the US workforce has never been older. Case in point: the September data confimed that the whopping surge in jobs… was thanks to your “grandparents” those in the 55-69 age group, which comprised the vast majority of the job additions in the month, at a whopping 230K.This was the biggest monthly jobs increase in the 55 and over age group since February! What about the prime worker demographic, those aged 25-54 and whose work output is supposed to propel the US economy forward? They lost 10,000 jobs.

gold sits at where gold sits .. that is the reality

and in the future gold will do what it will do..

rense repeat

V bottoms off a 2 wave abc gettsem everytime ….oct low in the 4 th year cycle…..booyah

The global economic powers have to be in some kind of panic mode to drive all the world’s countries currencies so much lower so fast. They are flailing wildly about something they must be very afraid of.

Possibly a massive slowdown and deflation in England, Europe, and China. There is no other explanation for this situation to make sense. In the US, hurting our exporters and helping US manufacturers and consumers with cheaper commodity costs at the same time is a push here, after many decent lower dollar years.

Note such big drops in all currencies, inverse USD:
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1

and the band plays on.. algos in a feeding frenzy ..machine vs machine

last low of 188… sucks is a kind word to describe action

yep the gold’s are a suck machine lol in both long and short term

no need to back currencies with gold .. just use faith and credit of the federal reserve

are at or very close to their 2008-9 lows when gold was $800 and silver $8–and gold is 1195 now…if gold’s gonna go to $666 or $800 again….

Pretty tough to define short term. Short term by definition has already been 3 years and appears to be a helluva lot longer now with no end in sight.

Funny how there’s no such thing as oversold in the pm sector.

Oh well, at least there’s football on all weekend.

the dollar is in a emotional death spiral up.. its like a lovers last penetration and the high of the moment .I suspect ..

yes the brics are in the mix .and slowly are replacing the edge of the dollar ,

well the after glow of the frenzy algo buying keep the illusion alive. I suspect for a time .

right now the lies and backing of all the western fiat based banks and governments are just pushing on the limp string of economic ignorance .

but in the short term it is painful and at best pretty dismal ..

stocks suck because they are paper .. and can be shoved around

the comex features paper shoved around by algos .

suck is a pretty good description

Governments seize colloidal silver being used to treat Ebola patients, says advocate

NaturalNews) Efforts to bring natural Ebola treatments to suffering West Africans have been squelched by the World Health Organization (WHO), which recently blocked multiple shipments of nanosilver solution measuring at 10 parts per million (ppm) from entering the region, leaving thousands to suffer needlessly.

WHO officials also reportedly called off a trial at an Ebola isolation ward where local health authorities were set to begin administering the silver, which the U.S. government previously demonstrated is highly effective against Ebola. WHO ordered the trial not to proceed despite the fact that it had earlier voiced support for experimental treatments.

Both WHO and the U.S. Centers for Disease Control and Prevention (CDC) have given their blessing to experimental therapies for Ebola, citing a lack of proven treatment options. But when it comes to using therapeutic silver, all bets are off, it seems.

Learn more: http://www.naturalnews.com/047101_ebola_colloidal_silver_government_seizure.html##ixzz3F667UD11

Judge: Stockton Must Treat Pension Like Other Debt

Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law allows the city of Stockton to treat pension fund obligations like other debts, meaning the city could trim benefits.

Stockton argued that it must make its pension contributions for public employees before its creditors are paid the entire amount they are owned.

The case is being closely watched because it could help clarify who gets paid first by financially strapped cities around the nation — retirement funds or creditors.

The ruling was prompted by a key creditor’s contention that pension obligations should be treated like other debts. Franklin Templeton Investments said the pension payments are fair game as it tries to collect on an unsecured $32.5 million claim against the city.

U.S. Bankruptcy Judge Christopher Klein said he would announce his decision on Oct. 30 on the city’s overall plan to leave bankruptcy and the contention by Franklin Templeton.

California pension officials said they expect his decision Wednesday on the pension plans to be appealed.

Attorneys had argued that California law gave pension funds special protections beyond those offered in other cases such as the bankruptcy declaration in Detroit.

In making his ruling Wednesday, Klein said, “California public employee retirement law … is simply invalid in the face of the supremacy clause of the United States Constitution.”

That means federal bankruptcy and contract law applies to the pension fund, “just like anybody else,” Klein said.

more http://abcnews.go.com/Politics/wireStory/us-bankruptcy-ruling-california-city-25886897

yeah, they have multiple ways to control the paper price now, throw in GLD and SLV and some other ETF’s and they have a firm grip and the ability to absorb all bids.

The algo’s pick a spot to defend and then defend it all day long. Today 1195 and 16.90

Jobs numbers are phony, media information is intended to mislead. The biggest disinfo floating around the internet was the demise of the USD and rise of the BRICS. Complete nonsense.

Then there’s Soros, who’s supposedly long gold and short the S & P. I don’t buy it for a second.

And while according to the Household Survey, 232K people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

no matter the buying of gold and silver as prices drop.

unless the buys are of fraudulent paper on the comex .. this buying means nothing .. India record amounts of gold .. sorry not comex based .. and the buying does nothing to the price of comex bids

the rush into to the dollar hose is relentless,,

partly because of jobs number which is a complete joke .. no matter the frenzied algo buy programs are programed to protect the statis que …

complete different landscape from the gold of several years ago..

serpentine

I have studied Constitutional Law intensely and I can say with conviction that history will indeed remember Eric Holder and his mentor Obama for much more than merely the top 9 controversial issues everyone writes about. Mr. Holder’s more than five years as the nation’s chief legal officer has been absolutely devastating to the future of the nation and the Rule of Law. This goes far beyond merely the NSA, IRS scandal and the State Department scandals.

Barack Obama ‘s White House has done serious long-term damage to the world economy and the civil rights of every American. Obama and Holder pushed the authority of the executive branch of the federal government far beyond any democratic process. The administrative agencies under the Executive branch have gone well beyond the edge of the Constitution and law in a systemic manner that is truly breath-taking. Unlike previous presidencies where there was just one controversial instance, the Obama-Holder team have embarked on virtually a dictatorship under the pretense of democracy. I do not say this lightly nor as a political partisan.

Everyone who has ever studied law had basic rules that government simply could not go beyond – they just can’t do that! Everyone in the legal community if they spoke freely has now learned that what they took for granted as clear meaning of existing law just no longer applies. Once you undermine the Rule of Law, everything else collapses for in the end game, you cannot even prove you own anything when it is subject to interpretation and discretion.

In 2011, the Obama-Holder tag-team just did what they wanted anyway ignoring the Judiciary regarding off-shore oil drilling. Believe it or not, Federal Judge Martin Feldman found the government in contempt holding: “Each step the government took following the court’s imposition of a preliminary injunction showcases its defiance.” Of course nobody goes to jail for how can you order the Justice Department to put itself in jail for contempt? This is why we need an independently elected Roman Tribune who can prosecute anyone in government and is outside the Executive Branch. We call that a Special Prosecutor to investigate a president – well we need a real elected office of Tribune to secure the Constitution and be able to criminal charge Obama, Holder, or John Boehner .
The Obama-Holder tag-team has effectively made federal legal authority boundless eliminating any restraint upon government as Obama justified the actions of the NSA saying you have to give up liberty to be safe. “I think the American people understand that there are some trade-offs involved,” Obama said when questioned by reporters at a health care event in San Jose, Calif. He also famously said: “It’s important to recognize that you can’t have 100 percent security and also then have 100 percent privacy and zero inconvenience,” he said. “We’re going to have to make some choices as a society. And what I can say is that in evaluating these programs, they make a difference in our capacity to anticipate and prevent possible terrorist activity.”

The question is – safe from whom? Obama stands in history directly in opposition to those who founded this nation. In Belgium Obama clearly stated the struggle between the state and the people. His address in Belgium to the European Youth who are suffering unemployment levels almost three times that of the Great Depression on March 26, 2014 obviously demonstrates he knows what he is doing to tear down democracy.
“The belief that through conscience and free will, each of us has the right to live as we choose. The belief that power is derived from the consent of the governed, and that laws and institutions should be established to protect that understanding. And those ideas eventually inspired a band of colonialists across an ocean, and they wrote them into the founding documents that still guide America today, including the simple truth that all men — and women — are created equal.
“But those ideals have also been tested — here in Europe and around the world. Those ideals have often been threatened by an older, more traditional view of power. This alternative vision argues that ordinary men and women are too small-minded to govern their own affairs, that order and progress can only come when individuals surrender their rights to an all-powerful sovereign. …

“And just as we meet our responsibilities as individuals, we must be prepared to meet them as nations. Because we live in a world in which our ideals are going to be challenged again and again by forces that would drag us back into conflict or corruption. We can’t count on others to rise to meet those tests. The policies of your government, the principles of your European Union, will make a critical difference in whether or not the international order that so many generations before you have strived to create continues to move forward, or whether it retreats.”
Obama has stated clearly that he has come full circle. He believes that right must be surrendered to the sovereign government for only it can defend freedom by taking it from the people. This is very strange logic.
The Obama-Holder theory of law has been mind-blowing. Essentially, they stand for the proposition that the needs of justice supersede the law’s boundaries. Obama has effectively stated he will take your rights and money but for a good purpose – government power to protect your right to have rights and money? This is precisely what Thrasymachus warned about and every law professor when confronted with this question would have responded – that is not law. Nevertheless, Obama has stood for the proposition that justice is merely the self-interest of the stronger – government.
Anyone who thinks I am exaggerating this in any possible way should look at what Obama said himself. In July 2011 over the debt ceiling, Obama said publicly that he would like to “bypass Congress and change the laws on my own.” He said this again in June 2014 with respect to immigration reform. This is what one expects from a dictator – not an elected official who pretends to be a Constitutional lawyer. The very next year, Obama then made his unconstitutional recess appointments to the National Labor Relations Board. Effectively, he bypassed Congress to stuff his own people in positions without the approval of the people. UNHEARD OF! Yet Obama also said back in 2011: ”Sometimes when I talk to immigration advocates, they wish I could just bypass Congress and change the law myself, but that’s not how a democracy works.”
The antics of the Obama-Holder tag-team have displayed the audacity to argue in federal courts what difference does it make? The real curious phase is not only used by Obama-Holder in court, when Hilary testified before Congress regarding the attack if it was a protest of just some guys out for a walk and decided to kill some Americans she too simply replied – what difference does it make? This is not a legal argument in any court under any system of law that I am aware of. It makes a huge difference for even as Hillary tried to dismiss the attack, one is an organized terrorist attack and the other is just a random act of violence.
I am not the only one with a problem here regarding the abuse of power of Obama-Holder. In 2013, D.C. Circuit Court of Appeals Judge Brett Kavanaugh wrote that the Obama administration’s legal claims raised “significant questions about the scope of the Executive’s authority to disregard federal statutes.”
Obama’s praise of Holder one would think he offhandedly saved the nation. Certainly not from the abuse of government. The legal precedents are shocking and very alarming. These people never get it. Obama expands the reach of the Presidency and the next one comes in and always expands it further. Nobody ever reforms. So unfortunately, we are headed down the creek in a boat that is leaking without a paddle. Our children will never know the world in which we grew up when once upon a time there use to be a friendly face behind every badge.

armstrong

and that’s platinum, down $41. Looks like it will go back to being cheaper than gold again.

Auandag – fundamentals don’t matter, the only thing that matters is the ability to print

Still trying to get a fill at 6.75

premium is now over 4%

Yeah, you’re probably right about that, up 200.

Amazing how so many seemingly smart people, Sprott, Embry, Sinclair got it so horribly wrong. The Fed, Wall Street, the US Gov’t and USD will never be defeated.

Foolish to think the likes of the BRICS could challenge the USD. Foolish and costly.