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

is now under all significant daily, weekly, and monthly moving averages. When the support at 94.00 goes out, 84.00 could happen sooner than everyone thinks.

the silver cup and handle bottom continues to evolve. A crash in the usdx would propel silver to the upside very quickly. It may also explain why grains aren’t tanking with very bearish crop and inventory reports.

cocoa is priced in euros and appears ready for another leg up.

i hope those of you who purchased Sandridge stock sold enough to be on house money.

rno, dodging prairie fires, tornados, earthquakes and bill collectors!

What would we do without Radomski? After all he is a Chartered Financial Analyst.

As usual, thanks for casting doubt.

IMO not quite yet for goldbugs. In fact I think it’s now our turn.

https://youtu.be/eFHJ41ktt3Q

Here’s my interpretation. Gold has broken out and is now back testing. Click the chart to enlarge.   Silverngold

As of now we can say there is a stand off…..who wins……. tdy the bulls are winning….There is no way to call this a bear mkt, as of tdy …shud the Scum crash the mkt, then we have to re-evaluate….but they have to take the lows out to call it a bear mkt…until then it is a correction.

Over and above all TA, is the “action”….as of now it is bullish.

But on TV the other day, they said “nobody saw this coming”. So I guess I’m Nobody. You can’t rely on charts anymore. You have to know what the central planners are doing.

Deflation implies TPTB don’t know what the f-hell they are doing and big money people banks and gov’ts go to gold. NOT futures contracts unless they want delivery. Playing the futures market is like a carnival game. You really can’t win and are being used like a shock absorber.

Parts Below:

Gold futures settled higher Thursday, scoring their best quarterly performance since 1986—a year when “Top Gun” was the most popular movie.

Bullion has benefited as the Federal Reserve’s dovish stance on policy has softened the highflying U.S. dollar.

Technically, the metal “has started a new bull market in [the U.S. dollar] and is now catching up to the bull market” which was started nearly two years ago, Sebag said.

Meanwhile, Roy Sebag, chief executive officer of GoldMoney, told MarketWatch that gold prices have been climbing strongly not just in U.S. dollars, but in other currencies as well.

“Though it’s been only three months, gold is now up between 13% [and] 23% in the world’s major currencies, making one of the strongest movements in gold since it was demonetized in 1971,” he said.

More:
http://www.marketwatch.com/story/gold-headed-for-best-quarter-in-nearly-30-years-2016-03-31

That guy’s gonna be real disappointed if gold keeps going up … him and Harry Dent.

PS Evidently the HUI doesn’ need higher gold to climb.

Once again nothing changed from this perspective and what we wrote previously about the above chart remains up-to-date:

(…) the outlook remains just as it was before this week began – it remains bearish.

The sell signal from the Stochastic indicator remains clearly visible and gold remains within the declining trend channel.

Although this year’s rally might seem big, gold actually didn’t even manage to move to the 38.2% Fibonacci retracement based on the 2012 – 2015 decline. Consequently, this year’s rally seems to be nothing more than just a correction within a bigger downtrend.

http://news.goldseek.com/GoldSeek/1459949695.php

back when every time the Fed opened their yaps gold would get hit for a $20 minimum.

They sure don’t seem to be fooling anyone anymore.

http://www.dailymail.co.uk/sciencetech/article-3526237/Are-living-computer-game-Neil-deGrasse-Tyson-weighs-debate-universe-real-simply-simulation.html

Interesting. I’d heard of the “Needle Park” in Switzerland previously but not of what happened to it. What a friggin disaster!

“an upward bias”

I can live with that.

Yeah I guess if the Yen’s increasing in value against the dollar it’s not so good for all the speculators who have borrowed yen to invest in dollar denominated investments.

a little history

The Platzspitz park is a park in Zurich, located next to the Swiss National Museum.

History of the park goes back to the Middle Ages. Positioned between the Sihl and Limmat rivers, it was originally used as a hunting and shooting ground in the 14th century, and by the end of the 18th century the park was also adorned with beautiful Baroque architecture.^[1]

During the 1980s, heroin addicts would frequently gather at the park, and attempts to disperse them merely resulted in them regrouping elsewhere. Thus in 1987 the authorities chose to allow illegal drug use and sales at the park, in an effort to contain Zurich’s growing drug problem. Police were not allowed to enter the park or make arrests. Clean needles were given out to addicts as part of the Zurich Intervention Pilot Project, or ZIPP-AIDS program.^[2] However, lack of control over what went on in the park caused a multitude of problems. Drug dealers and users arrived from all over Europe, and crime became rampant as dealers fought for control and addicts (who numbered up to 20,000) stole to support their habit. The once-beautiful gardens had degraded into a mess of mud and used needles, and the emergency services were overwhelmed with the number of overdoses, which were almost nightly. Platzspitz, or Needle Park as it was then known, became a source of embarrassment to the Swiss government and in 1992, police moved in to clear up the park.^[3]

Today Platzspitz has been cleaned up and restored, and is presented by the authorities as a peaceful, family-friendly garden.

http://news.goldseek.com/GoldSeek/1459951560.php

if the light’s right, and if you kinda squint, that chart might be an inverted head and shoulders pattern forming   …kinda on an upward bias

the dollar/yen ratio fell off the 110 cliff early this morning.

“going sideways in overbought situation” yes a good sign of strength!

This is going to be a good year for us. I feel it in my bones!

I like Jesse’s cup and handle chart:

Cheers
bbl

Big picture looks v good, we are working off the O/B situation by going sideways, which is a v strong sign.

There is obviously big buying out there, only the Scum is holding it back….and again Dollar has gone soft, that isn’t in the playbook either.

🙂

GDX just went positive. Maybe today’s not a lost cause!

Gold just jumped 3 1/2 bucks and GG is Unch pretty much….Looks like GG is tdys wiping boy.

As u say the games never change.

Gets a little old don’t it …

Looking forward to something breaking.

Someone better tell Rick, that the PM shares may have a long run ahead, but someone else is selling any amount of GDX at 19.97 and GG ay 15.87/8 …..same ‘ol games at work.

Meanwhile the SM magically levitates.