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

DOW up 300 pts. absolutely no rhyme or reason. Although it has broken above its’ 200 dma according to ZH

That’s what happens in a real market, buyers come in on upside technical breaks.

and then there’s pm’s….

https://www.washingtonpost.com/news/the-intersect/wp/2015/10/20/a-youtube-video-claims-back-to-the-future-predicted-911-and-that-isnt-even-the-weird-part/

Can’t say I blame you, like they always say, you can’t go broke taking a profit.

The 200 dma seems to have turned into resistance again. Doesn’t look like it will get broken any time soon.

I have some cash from a property I sold to invest but I’m too scared to jump in right now.

part:
“Medical experts advise trying other things before considering surgery, such as weight loss, physical therapy, exercise and medicines, and many studies show these can help.”
“Complications were more frequent with surgery, including several serious deep vein clots, a fracture and a deep infection. And other studies show that surgery “is not universally successful,” and that 1 in 5 patients still have some pain six months later,”

http://www.pressreader.com/usa/texarkana-gazette/20151022/282071980753475/TextView

Comment:
It’s Chinas turn now for excessive unneeded expenses, and pollution controls. They can now afford to consume themselves instead of us. The USA can’t afford it anymore.

Sold half my calls on rebound Tues and now the other half. Pretty pathetic if Gold couldn’t even break above $1200. I use mostly weekly charts and they still look OK, so I jumped my own signals. What spooked me was the Monday hit and the daily charts showing SLW to have rolled over. I guess better safe then sorry.

parts:
“be made up of officials from industries the agency regulates. That could “seriously undermine NHTSA’s efforts to ensure safety,” Rosekind said. “Ultimately, the public expects NHTSA, not industry, to set safety standards.”

“The bill would also give automakers a break on greenhouse gas emission and fuel economy requirements”

“Manufacturers would effectively get “a pass on pollution” for”

“There’s also no increase in money for NHTSA to hire more staff to investigate potential safety defects and oversee automakers despite testimony that the agency doesn’t have enough people to follow up on safety complaints.

“The agency “just doesn’t have the capacity to do its job,” said Joan Claybrook, a former NHTSA administrator” (note over protective affirmative action female in charge)

http://hosted.ap.org/dynamic/stories/U/US_HIGHWAY_SAFETY?SITE=ILBLO&SECTION=HOME&TEMPLATE=DEFAULT

Comment:
The prior system was a mistake that led to the financial crisis on ’08. Reality is slowly returning. Our neighbors have no business telling car manufacturers how to build cars, when they themselves never even made a lamp in high school wood shop.

Many unneeded and very costly occupations will be eliminated gradually out of necessity. Volkswagen cheating on pollution controls was another sign of unfair laws or regulations. In NY we have a 55 mph law, everyone is going 70mph. People are ignoring instructions from idiots in high places.

wj

Yes a good day indeed my friend. $1170 🙂

“why is the SM up so much”

Helicopter money forever?

I’d say this is a really good day if it holds up, especially with the USD so strong. I’m still worried about all those commercial shorts looming out there, they never seem to lose and we have a Fed Meeting next week.

Leading Economic indicators missed down -0.2% which makes sense for a slowing economy.

Syria with Assad was just fine before we started meddling, just like Iraq and Libya.

Can’t for the life of me figure out why the SM is up so much.

In a seemingly shocking move, environmental group Greenpeace has announced it plans to acquire coal mines and power plants owned by Swedish utility Vattenfall, in eastern Germany.

But what the watchdog really seeks by buying such assets, one of Europe’s largest coal mining operations, is to transfer their ownership to a charitable foundation, paid for by Vattenfall and the German and Swedish governments, that would oversee the gradual closure of the coal field and six attendant power plants.

more http://www.mining.com/greenpeace-to-keep-coal-in-the-ground-by-buying-some-of-europes-largest-mines/

Venezuela ready to dump 80 tonnes of gold

With $5 billion in debt payments due before the end of the year, Caracas could be close to dumping more than 3 million ounces of its bullion reserves on the market

Venezuela’s economy has been devastated by the drop in oil prices which came on the back of years of financial mismanagement by the quasi-socialist government of the Latin American nation.

The next two months is crunch time for Venezuela with more than $5 billion in maturing debt and interest payments due before the end of the year.

Venezuela’s foreign exchange reserves are at a 12-year low as hard currency becomes scarcer and shortages of basic goods stirs up anger inside the country.

While its reserves total $15.35bn, less than $500 million are “liquid reserves” says a new note by Barclays reported by the FT “with the remainder in gold and borrowings from the IMF. All of which means Venezuela could find itself in a $10bn hole this quarter.”

Venezuela has the world’s 16th largest hoard of gold. At 361 tonnes as of the start of October the bullion represents 67.3% of the country’s reserves.

more http://www.mining.com/chavez-gold-repatriation-blows-up-in-venezuelas-face/

We ARE opening well. Perhaps this little sell off is over and it won’t morph into the usual ball breaking, spirit destroying decline. Fingers crossed!

Personally I don’t give a fig if Assad stays in power. Are we going to risk destroying the Earth to get rid of him?

TORONTO (miningweekly.com) – A feasibility study conducted on Toronto-headquartered McEwen Mining’s Gold Bar project, in Nevada, reports that low capital and operating costs and a reasonable rate of return in the current price environment, increase the likelihood that the project will become the company’s next new mine. Prepared by SRK Consulting, the study found that for an expected capital cost of $60-million, using a base case scenario of $1 150/oz of gold, the 100%-owned project would generate an after-tax net present value, at a 5% discount rate, of $30-million, with the internal rate of return stated at 20%. “Completion of this feasibility study is an important milestone. I believe Gold Bar will be the next mine we put into production. It includes the fundamental elements we consider important to investors when building a mine – low capital and operating costs, and a reasonable rate of return in the current price environment. We can now move ahead with a high degree of confidence in the capital estimate and projected operating performance,” chairperson and chief owner Rob McEwen advised. The Gold Bar project would produce gold at an average rate of 65 000 oz/y over the five-year mine life, with costs estimated to average $728/oz. The project would break even at a projected gold price of $995/oz. The operation would comprise an owner-operated openpit mine, with run-of-mine oxide heap leach processing. Gold Bar would produce 13-million tons of ore over the life of the operation, grading 1.1 g/t on average, and 325 000 oz of yellow metal. The average strip ratio would be 5.2.

more

http://www.miningweekly.com/article/low-capital-operating-costs-for-mcewans-gold-bar-following-feasibility-study-2015-10-21

Couldn’t agree more. We need to get the hell out of there. Unfortunately I’m afraid we won’t.

A lot of bulls here at the tent, so strange for a gold website.

We’re opening pretty well considering the USD strength

Leading indicators and existing home sales come out in about 20 minutes. Leading indicators could be interesting.

Time for the US to take a step backwards. That is true crazy talk from Qatar.

Wow! That train’s gotta be from the era of giant tail fins on cars! 🙂

Vote Vote!

http://www.zerohedge.com/news/2015-10-22/proxy-war-no-more-qatar-threatens-military-intervention-syria-alongside-saudi-turkis

Let’s just be clear. If Saudi Arabia and Qatar start bombing Iranian forces from the airspace near Russia’s base at Latakia, this will spiral out of control.

Iran simply wouldn’t stand for it and if you think for a second that Moscow is going to let Saudi Arabia fly around in Western Syria and bomb the Iranians, you’ll be in for a big surprise. Of course the first time a Russian jet shoots down a Saudi warplane over Syria, Washington will have no choice but to go to war.

Finally, we’d be remiss if we didn’t point out the absurdity in what’s being suggested here. Qatar and Saudi Arabia are essentially saying that they may be willing to go to war with Russia and Iran on behalf of al-Qaeda if it means facilitating Assad’s ouster. The Western world’s conception of “good guys”/ “bad guys” has officially been turned on its head.

And meanwhile:

Russian President Vladimir Putin’s public approval rating has reached a record 89.9 percent since he ordered his military to begin air strikes in support of Syrian leader Bashar al-Assad, according to a state-run polling center.

From the futuristic past… the GM Aero Train. It
was a flop with the railroads and commuters that
rode it… “like a bumpy bus ride”
http://railpictures.net/photo/551054

Minera IRL Limited Provides Corporate and Operational Update

http://finance.yahoo.com/news/minera-irl-limited-provides-corporate-220300534.html

Teck Resources reports quarterly loss on C$2.2 bln charge

http://finance.yahoo.com/news/teck-resources-reports-quarterly-loss-091409517.html

Kootenay Reports Positive Results and High Recovery Rates from Preliminary Metallurgical Work Conducted on La Negra

http://finance.yahoo.com/news/kootenay-reports-positive-results-high-100000545.html

Freeport-McMoRan Reports Third-Quarter and Nine-Month 2015 Results

http://finance.yahoo.com/news/freeport-mcmoran-reports-third-quarter-120000760.html

Comstock Mining Announces Third Quarter 2015 Results

http://finance.yahoo.com/news/comstock-mining-announces-third-quarter-120100317.html

Absolutely right. Those numbers were leaked, I saw the exact same thing 2 minutes before.

No idea why the USD is rallying so much. Draghi must be saying something to kill the Euro.

The whole USD index system is such a fraud.

more on Schiff for fun

The numbers were leaked, it all started moving at 28 past…..2 mins before the release !!!!

Gotta pay for all those hookers and blow somehow !!!!!