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

I have a 20 yr chart on the $indu/Dow. It has been remarkably accurate. That is why I posted the Primary Bear Market Phases…We are now well into stage 2.   Now, just about every chart that I do has to be customized …except  when I applied the same 20 year chart to $ Gold it fit in beautifully!!!!

What it is saying is that $Gold is dragging right along a major bottom. Not there yet but, I can’t believe that the Gold bottom is later then the first have of 2016. That alone does not preclude a smash down to $1000 or lower in the here and now. The bargains in the miners will put the 10 bagger rule to shame, imo. However, now is now, and the Silver charts cry out to me to hold onto puts.

Thanks for the heads up on GORO, saved me from throwing more good money into another pig miner.

This stuff is just relentlessly unbelievably shitty.

Regarding my SLW puts. Do I rub it now? Or wait a bit later. Somebody’s gonna eat crow here…don’t think its going to be me.

this guy has a great solution to the oil producers problem of low price.

http://www.zerohedge.com/news/2016-01-11/here-how-you-fix-oil-market

it would work for the PM miners as well.

I’m not sure the Scum ever cover shorts, they just sell the shares short and no-one calls them to deliver…as I said before who is so long that they can crush the shares so much…..only diehards are still long and most of them will NEVER sell…so I reckon all this selling is the Scum.

They never let the shares reflect what was going on in Gold last week, as it rallied over 1100 and now this week, just as things start to get real ugly, they kill the shares, to allow no safe haven.

However i really do wonder how much mileage is left in the strong dollar, weak oil game, esp in oil, as down here the industry is dieing fast….eg in the UK we have lost 65 K Oil jobs already. Tax take has gone from 13 billion pounds in 2009, to an estimated 600 million, if they are lucky in ’16 !!!!!!!

Cheers

just another miner I poured real money into and it’s liars standing over a hole again. shaking my head. One of these days I want to rip off a mining executive. It’s only fair game

As far as I know they already did, days or a day before China crashed. I warned people in equities heads up sounded like a big red flag to me plus charts were pointing to correction, here anyways.

Did you know? The federal government cut the annual TFSA contribution limit from $10,000 to $5,500.

I’ve just learned that on Feb. 1st stop orders are going to be cancelled.  Does everyone know about this?

bin long for @ 3 weeks !!!!!!

Ballanger has a load of Egg.

O/N money mkt rates of 14 and 40 % in the Yaun are a major panic…….Apart from a few diehards no-one is long PM shares, all punters/hedge funds are short.

So this selling has to be coming from the Scum/Fed.

Lot’s of faces with egg on them. A real taint!

I thought the mine was a good prospect for a long time … took my share of the beating.

Rubicon Minerals cuts gold estimate by 86%, considers sale

http://seekingalpha.com/news/3024386-rubicon-minerals-cuts-gold-estimate-by-86-percent-considers-sale

Rubicon Minerals cuts gold estimate by 86%, considers sale

Jan 11 2016, 13:32 ET | About: Rubicon Minerals Corporation (RBY) | By: Carl Surran, SA News Editor

Rubicon Minerals (RBY -68.7%) shares collapse after the miner cuts its estimate for gold reserves at its Phoenix mine in Ontario by 86% and says it is evaluating strategic options including a sale.

RBY now says inferred gold reserves at the mine totals ~300K oz., citing new drilling information and changes in modeling; it had estimated 2.2M oz. of inferred gold reserves in 2013.

Analysts at Mackie Research say they are “totally shocked… particularly after so many engineering firms have reviewed the data. Not only is this a huge negative development for RMX, but is it also a huge black eye for the industry.”

On January 26^th 2006, the Washington Post reported that Al Gore “believes humans may have only 10 years left to save the planet from turning into a total frying pan.”

there was frost on my lawn, here in florida, this morning.  wazzup algore?  big changes in the next fifteen days?

climate is what you expect.  weather is what you get.

You can’t have freedom without money. The USA as a whole, has less money from trade deficits. Less money means less freedom. China Japan, S. Korea, Taiwan, Bangladesh, Mexico, etc etc now have more freedom, America has less freedom and more poverty.

Trust me.:)

Its all based on emotional ..feel good …vote buying   ..WE will be going bankrupt ..but we will” feel good “about it  …

” Every people get the Government they deserve  ”   ….A Majority have given their freedon away chasing  the Ghost of Security and they deserve neither ..

This will not end well ….

Metal has barely moved yet they are being smashed by the Scum.

Oil below 32…so much for it Ain’t Crashin and of course SM is being lifted….nothing changes.

Gold-exploration firm Rubicon Minerals (C$0.05, down 64%) said it has hired advisers to undertake a strategic review of options to boost shareholder value, including alternatives such as a merger or sale, new financing and capital restructuring. It also said it expects to record a “significant” impairment charges related to an updated resource estimate for the Phoenix gold project and its decision to suspend activities related to the Phoenix project implementation plan.

Ugly

Rubicon Minerals chart

and Silver futures are up .5%, shrugging shoulders

Probably not good news.

Eur/usd Hourly chart

Did 5 waves up from 1.072 to 1.094, then did 3 waves dn from 1.094 to 1.086, as a running correction, where tdys hi of 1.097 was top of B wave, ie above 1.094 where A started…..1.086 was almost 38 % of wave 1 and then put in an hrly bullish reversal, to the upside…. All in all a classic Elliot wave formation.

The next hr the Scum/Rig took out the 1.086 lo, as if none of it happened.

The biggest gold losers in 2015

http://www.northernminer.com/news/the-biggest-gold-losers-in-2015/1003746115/

Iran took steps on Monday to try to limit the diplomatic damage from an attack on Saudi Arabia’s embassy in Tehran by an angry mob, laying blame on a top security official and saying some of those who carried out the attack were being interrogated.

Iranian officials appear to fear that the Jan. 2 storming of the embassy by a mob protesting Riyadh’s execution of a leading Shi’ite cleric may derail moves to end years of isolation with the West following the signing of a landmark nuclear deal with world powers in July.

Saudi Arabia, Bahrain and some other states have broken off ties with Iran over the attack. The United Arab Emirates downgraded relations while some others recalled their envoys in protest.

The Tehran government quickly distanced itself from the attack, saying the protesters had entered the Saudi embassy despite widespread efforts by the police to stop them.

more http://www.reuters.com/article/us-saudi-iran-idUSKCN0UP1BL20160111