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

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.  ZH

Seems it’s a black eye for the powers behind the Scene.

Straight shorts have to be covered and they are in the midst of it, while reality id est real gold bullion fetches Agios of up to 50-60% in the far east.
Opposite to trading tradition – buy the rumor sell the News – may give some of central a pause!
Let the pause cause some reflections to real and unencumbered markets, finding the fair Price between supply and demand.
… And that’s all what it takes to make a market – all else is just noise.

The officials are just paid by all of us to secure orderly maintenance of civil and economic law and ensure an Equilibrium of liberty among the People;

Noone Needs more than Basics and an unencumbered life within these rules and therefor Government, FED, IRS and the new tentacles of “War on Terror” are just the product of disinformaqtion for the public.

Got Gold?!!
–

I purchased much of my silver and gold at N.W.T.M.  in Auburn, WA.   I had a friend that worked there in the front.  I paid cash, took my stash.  That was over 10 years ago, wish I’d bought more…  He left about 2005, and I never went back.  It doesn’t look like I’ll be visiting soon.

In 2000 I bought from Tulvig.   I offer buying advice for a fee…

http://www.youtube.com/watch?v=rscqSCxaKLo

There’s  a few scenes for Maya and lyrics for the gold shorters too..(Doo-Doo)

A lot of my different car parts come from there via top tier silver miners…

I just hope the “quality” control dept wasn’t asleep, if you get my drift…

Posted November 30th, 2014 at 6:35 PM (CST) by Jim Sinclair & filed under In The News.

Jim Sinclair’s Commentary

Dr. Nenner has called this general area and general timing as the low for gold before $2100. So far Dr. Nenner’s track record in this gold market is among the best. The conclusions issued by Mr. Kramer-Miller are quite interesting carrying a high probability of being correct.

http://www.youtube.com/watch?feature=player_embedded&v=dgu_3VHQwos

Silverngold

Treasury Secretary Jacob Lew (AP Photo)

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.

During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.

Why risk all your money for another 5 % gain shorting Gold ..the money to be made was when the Public expectations were 90 % to the down side  there was a lot to be made going long Gold .Thats the difference between professional and amatures .emotions were for a down day brains were for up day.

Its like high grading your mine ,when prices are low you mine high grade,when prices are high  you low grade..its about survival.!  The amature does the opposite for emotional reasons.

Government money management hardly exists…they invest in losers for emotional reasons .Getting the best return for money invested requires investment in the best return for the money invested.

Government should invest in Smart people,they would get the best return for the taxpayers money ,they do the opposite because getting the best return is not the objective .

Government invests money educationg stupid people because they make the most noise …make the most emotional arguments and have equal votes ..not because its the best return for the money invested.

Good MONEY management almost dosent exist in Government.

By the way, Friday saw another 40 ton sale which broke the “price” by $20. Over the last month, we have seen three separate 40, 80, and another 40 ton operation performed all within 15 minute windows. Who would ever sell in this fashion if they wanted to sell at the best price possible? Why not sell all of this “gold” spread out through the day and not damage the price (and psychology)? The answer of course is obvious for anyone willing to see, the sales had a purpose of “setting” a price, a LOWER price.

Bill H addendum…
As an addendum to this morning’s writing, it looks like we had the hoped for “outside reversal day”. This one will look funny on the charts because it actually encompasses 2 1/2 days trading. Wednesday was a weakish day and gave up the $1,200 level while Friday was a washout down $26. Overnight Sunday, gold opened down and traded well below $1,150. This action was blamed on the “no” Swiss vote and brought out all of the doomsayers. The sentiment last night was “gold is over”! I wrote the short note at the bottom of my piece this morning as I saw gold quoted on Kitco down $6 (which was really up close to $20 from Friday’s close). I believe the confusing quotation by Kitco was because of the shortened day in N.Y. on Friday. In any case, we have now rallied another $35 from where I wrote the note this morning. Silver has had a wilder ride up 17% off the early morning lows.

Recall, we had two previous Fridays with outside reversal days, this makes a 3rd, though not a Friday. I view today’s action as much more important for several reasons. First, this actually encompassed 3 trading days where the previous two “engulfed” only the previous day. This one is occurring with a close above what had been a very sticky area $1,200 and actually broke briefly above another line in the sand $1,220. Any and all shorts placed in the last week are now under water with the momentum now higher. The GOFO rates went further into negative territory with the 1 year rate at virtually zero, this should never be. Logically there should be arbitrage to take this condition away but the “trust” (that you will get metal in the future) is apparently waning.

Something behind the scenes has changed drastically to have seen these three outside days within such a tight timeframe. This of course has been accompanied with record backwardation. The danger now as I see it could be “supply” or the ability to procure metal. I have postulated several times before, the danger is going to bed and something financial “breaking” while you sleep. The result could be gold and silver going no offer and you being stuck in place with whatever your positions are. Is this it? Will it happen immediately? I have no idea though I personally am not willing to bet against it. For now I will only say, “something has drastically changed” behind the scenes and along with it, “sentiment”! If you are still waiting to back up your truck, it may be that the “loading dock” is now moving away.

***

MJB…

Gold and Gold Miners December 1 afternoon edition

Good afternoon: 01/12/2014 1:40 PM

Gold: $1,218.70 up $43.20 ($70 reversal off the lows)
Silver: $16.65 up $1.10 (17% the lows)
Zinc: $1.0059 – $.0001

GDX: $19.75 up $1.40
NUGT: $14.51 up $2.57
GDXJ: $27.58 up $2.38
JNUG: $4.31 up $.92
TK.V: $.215 down $.01
SRC.V: $.205 unch’d

Basking in the glory of “correctness” (and ducking)…

Before I go any further, please be advised that the headline posted above was written with my tongue firmly planted “in cheek” because the last thing I will ever do after the last four years in the dentist’s chair is invite another month or two of root canal surgery (ex-Novocain) by tempting the gold market gods. However, the action from last night until this morning was wildly bullish, the action from this morning when I sent out “$1,150 gold: Vortex-like magnet for physical demand…” at a little after 10:00 a.m. is now, in my book, the best technical and TAPE action (“tape” being far more important than mere “technical”) that I have seen in at least a decade.

Of course the bad guys could still throw a wrench into it going into the close of the access market but the wagers I have been making on paper through my emails has been 100% backed up by my wallet and while I’m not driving a Rolls Royce out of the parking lot yet, for the first time in many, many months if not years, I know that I won’t be driving a 1996 Chevy wagon to my next meeting, tattered mud flaps protecting uber-bald tires.

This is SUPERB action…

As for the miners, the GDXJ can still be bought because it has yet to fill the gap created on Friday, when it lost $3.42. Currently $27.47, it was $28.62 last Thursday. I like the GDXJ Feb $30 calls at $2.20 for a potential quadruple from here in the event that the bad guys are vanquished and took the hemlock chaser I alluded to this morning.

this rejection of the $1,150 level THREE TIMES in the past month can’t be ignored.

Note: It is 9:51 a.m. and Feb gold just had a print at $1,197 representing a $58 outside reversal to the upside. I’ve been trading precious metals for almost forty years and this, my friends, is incredibly bullish action.

So – with the Gold Miners all now re-priced to reflect the Vampire Squid’s $1,050 ordered price target level, I am going to continue to accumulate these miners with my 2015 forecast of 325 for the HUI (currently 163) as the guidepost. It is critical to remember that the Gold Miners topped in 2011 (over three years ago) with the HUI over 600, 325 is around 50% of that top – not exactly a stretch.

1211.80 5:15pm close———-1218 [ up 42.60] the 1:30 comex close —–gold sold off about $6-also not bad

16.46 5:15pm close & 16.59 [up 1.13] 1:30 comex close–so silver only sold off 13 cents from the comex close–that’s good action

All fall down

ALL of the cartel rules I monitor were violated today. To my knowledge that hasn’t happened since August of 2011. A follow-through rally tomorrow would help confirm a seismic shift in the suppression scheme.
JMc

With the rejection (again) of $1140 as a breakdown area it seems clear now there is much upside potential.  [YES!]

Normally this would be the place where nervous shorts would get annihilated but as we know they not only survive, but apparently thrive in plying their risky behavior. I can’t imagine anybody still believing COT has any validity after watching the latest Dec. gold and silver OI magically fade into nothingness. No fireworks, no squeezed shorts, no significant deliveries. The WWE is alive and well, and masquerading as a real futures market.

I guess we can conclude the cartel made a “crude” attempt to take gold down and got splattered with a gusher out of Japan. Or maybe it was India, China, Russia, or (fill in the blank with every other nation still on the repatriation waiting list). It is instructive to note how a temporary surplus of as little as 1m barrels a day in oil supply v. demand can cause a swift 40% plunge in its price. Imagine what will happen when the gold market figures out in that moment of epiphany that gold has had a structuraldeficit in supply of as much as 50% a year for over 2 decades. Mars, rather than the moon, will be the reference point for rocket ship analogies.
James Mc…

With an encore…

Another one bites the dust

Another cartel rule bites the dust, in the form of a 2%-busting rally, and after the London close no less. Is it too much now to ask for a 3% gain? Silver being up a whopping $2.30 from its overnight low is, while not a cartel rule I follow, certainly very un-cartel like. The way gold is acting today you would have thought the Swiss referendum had passed, not failed. Yet another cartel rule violation- gold acting bullish on what was seemingly a bearish, not even bullish news event. A rally into the Crimex close and subsequent follow-through in the access trade would pretty much run the table. Hell, maybe even a higher silver 6:00 PM access trade open is in the cards?
JMc…

I just watched the first part-23 minutes- of CNBC Fast Money-NO mention of gold-just crude and they said to sell this pop. They cover gold and commodities at the beginning-so unless Gartman comes on later, they won’t discuss gold again

Like I say, when we see isolated bits of news here and there over the course of a couple of years, it doesn’t give us the Big Picture.

Here’s your GLOBAL Big Picture.  ~ BP

If you had any doubts about the dead banker meme, take a look at this list and how these people died. Simply stunning . . .

Though this list is not sourced to anything other than Anonymous, (and therefore could be a spoof) it looks convincing and could be easily cross checked. I have not done that because in this case “easy” would take several hours to cross confirm out with a list this big and there is something big going on today that is eating my time.

1. Nov – Shawn Miller, 42, banker found dead in bathtub with throat slashed.
2. Oct – Edmund Reilly, 47, a trader at Midtown’s Vertical Group, threw himself in front of a speeding Long Island Rail Road commuter train.
3. July – Julian Knott, 45, JPMorgan Executive Director,Global Tier 3 Network Operations, SELF-INFLICTED GUNSHOT WOUND
4. June – Richard Gravino, 49, Application Team Lead, JP Morgan, SUDDEN DEATH cause unknown/pending
5. June – James McDonald – President & CEO of Rockefeller & Co – apparently self-inflicted, GUNSHOT WOUND
6. May – Thomas Schenkman, 42, Managing Director of Global Infrastructure, JP Morgan, SUDDEN DEATH, cause unknown/pending
7. May – Naseem Mubeen – Assistant Vice President ZBTL Bank, Islamabad, SUICIDE jumped
8. May – Daniel Leaf – senior manager at the Bank of Scotland/Saracen Fund Managers, FELL OFF A CLIFF
9. May – Nigel Sharvin – Senior Relationship Manager Ulster Bank manage portfolio of distressed businesses, ACCIDENTAL DROWNING
10. April – Lydia (no surname given) 52, France’s Bred-Banque-Populaire, SUICIDE jumped
11. April – Li Jianhua, 49, Non-bank Financial Institutions Supervision Department of the regulator, HEART ATTACK
12. April – Benedict Philippens, Director/Manager Bank Ans-Saint-Nicolas, SHOT
13. April – Tanji Dewberry – Assistant Vice President, Credit Suisse, HOUSE FIRE
14. April – Amir Kess, co-founder and managing director Markstone Capital Group private equity fund, CYCLIST HIT BY CAR
15. April – Juergen Frick, Bank Frick & Co. AG, SHOT
16. April – Jan Peter Schmittmann – former CEO of Dutch Bank ABN Amro, (Possibly suicide, SHOT)
17. April – Andrew Jarzyk – Assistant Vice President, Commercial Banking at PNC Financial Services Group, MISSING/DEAD
18. March – Mohamed Hamwi – System Analyst at Trepp, a financial data and analytics firm, SHOT
19. March – Joseph Giampapa – JP Morgan lawyer, CYCLIST HIT BY MINIVAN
20. March – Kenneth Bellandro, former JP Morgan, SUICIDE jumped
21. Feb = John Ruiz – Morgan Stanley Municipal Debt Analyst, died suddenly, NO CAUSE GIVEN
22. Feb – Jason Alan Salais, 34, Information Technology specialist at JPMorgan, FOUND DEAD outside a Walgreens pharmacy
23. Feb – Autumn Radtke, CEO of First Meta, a cyber-currency exchange firm, SUICIDE
24. Feb – James Stuart Jr, Former National Bank of Commerce CEO, FOUND DEAD
25. Feb – Edmund (Eddie) Reilly, trader at Midtown’s Vertical Group, SUICIDE
26. Feb – Li Junjie, JP Morgan, SUICIDE
27. Feb – Ryan Henry Crane, SUDDEN DEATH cause unknown
28. Feb – Richard Talley, UNKNOWN CAUSE
29. Jan – Gabriel Magee, SUICIDE
30. Jan – William ‘Bill’ Broeksmit, HUNG/POSSIBLE SUICIDE
31. Jan – Mike Dueker, SUDDEN DEATH cause unknown
32. Jan – Carl Slym, SUICIDE
33. Jan – Tim Dickenson, SUDDEN DEATH cause unknown
34. Dec 2013 – Robert Wilson, a retired hedge fund founder, apparent SUICIDE leaped to his death from his 16th floor residence
35. Dec 2013 – Joseph . Ambrosio, age 34, Financial Analyst for J.P. Morgan, died suddenly from Acute Respiratory Syndrome
36. Dec 2013 – Benjamin Idim, CAR ACCIDENT
37. Dec 2013 – Susan Hewitt – Deutsche Bank, DROWNING
38. Nov 2013 – Patrick Sheehan, CAR ACCIDENT
39. Nov 2013 – Michael Anthony Turner, Career Banker, CAUSE UNKOWN
40. Nov 2013 – Venera Minakhmetova Former Financial Analyst at Bank of America Merrill Lynch, CYCLIST HIT
41. Oct 2013 – Michael Burdin, SUICIDE
42. Oct 2013 – Ezdehar Husainat – former JP Morgan banker, killed in FREAK ACCIDENT when her SUV crushed her to death
43. Sept 2013 – Guy Ratovondrahona -Madagascar central bank, Sudden death – cause not confirmed
44. Aug 2013 – Pierre Wauthier, SUICIDE
45. Aug 2013 – Moritz Erhardt, SUICIDE
46. July 2013 Hussain Najadi CEO of merchant bank AIAK Group, SHOT
47. July 2013 Carsten Schloter, SUICIDE
48. July 2013 Sascha Schornstein – RBS in its commodity finance, MISSING
49. April 2013 David William Waygood, SUICIDE
50. Mar 2013 – David Rossi – communications director of troubled Italian bank Monte dei Paschi di Siena (MPS), SUICIDE
51. Fang Fang – JP Morgan, China, DISGRACED
52. Nick Bagnall – Director at Bank of Tokyo-Mitsubishi, son accidentally killed himself while trying to re-enact a Tudor hanging
53. Robin Clark – RP Martin -Wolf of Shenfield City banker shot, SURVIVED
54. Kevin Bespolka – Citi Capital Advisors, Dresdner Bank, Merrill Lynch and Morgan Stanley, Seriously injured and son dead
55. Robert Wheeler, 49, a Deutsche Bank financial advisor, DISGRACED
56. Chris Latham – Bank of America, ON TRIAL, Murder for Hire
57. Igor Artamonov – West Siberian Bank of Sberbank, Daughter found dead (POSSIBLE SUICIDE)
58. Hector Sants, Barclays – resigned due to stress and exhaustion, after being told he risked more serious consequences to his health if he continued to work – a remarkable turnaround as the Church reportedly approached him two months later and was told he had made a full recovery,
59. April 21st Bruce A. Schaal, 63, died suddenly Banker in Twin Lakes for 35 years
60. April 20th Keith Barnish 58, Died Suddenly (Still working as Senior Managing Director at Doral Financial Corporation. Previously Bear Stearns, Bank of America Senior Vice President
61. March 12th Jeffrey Corzine, 31, son of MF Global CEO and Chairman Jon Corzine involved in major banking crime was found dead in an apparent suicide.
62. Keiran Toman, 39, former banker who believed he was being stalked by a reality TV crew starved to death in a hotel room, an inquest heard today.
63. [this is actually a continuation of #62] An inquest was opened after his death in July 2010 but his family asked for a second hearing as they were not informed. Police found all of Mr Toman’s possessions in the room, but despite documents mentioning his family, failed to tell them he had died.
64. Nicholas Austin, 49, A former bank manager from Hersden died after drinking antifreeze in an effort to “get high”. was found in a coma by his wife Lynn at their home in Blackthorne Road on October 5. He died the same day.

I took special note of the last one – he died drinking antifreeze in an attempt to “get high”! Funny one that is, as if a banker would be stupid enough to try that. The list is shocking, I never saw so many suicides and car accidents. No gall bladder stones, cancer deaths, strokes, or simply falling ill, it is just a littany of action. That pretty much says it all.

The LMBA is probably the queen in drag. She controls the world somehow still. Even after kings and queens are a completely past their prime