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

41 dead in Istanbul airport attack; Turkish govt blames IS

http://hosted.ap.org/dynamic/stories/E/EU_TURKEY_AIRPORT_BLASTS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-06-29-09-21-28

Is Hillary in Southern Kalifornica today ? Oh wait, thats a different kind of snake. 🙂

http://losangeles.cbslocal.com/2016/06/28/record-number-of-rattlesnakes-making-their-way-into-yards-due-to-drought/

It is a rare, very, day when the markets do anything that makes any sense. At least to these eyes. When some say the ‘Fix Is In’ that is about the only thing that can be attributed to these markets anymore. Just wondered if others who have watched the markets for years are ‘seeing’ the same thing. Thanks for your thoughts. BTW, I completely ignored Ricks political comments instead focusing on his market observations. He should probably do the same, stick to markets, since it is obvious he knows little about the Trump, or for what he stands.

On this Brexit thing, I hope the Leaves stay vigilant and keep their guard up. This idea of taking two years to ‘negoiate’ the terms of actually leaving the EU concerns me. Plenty of time for back street politics, hidden deals, etc. If not careful, the British may end up with more chains around their necks than what they already had. Stay strong my friend, Best to you, Farmboy

re manipulation

Yes all major mkts are subject to 24/7 manipulation….Witness…… normal mkts would have trashed Obummer and made his regime look the fools they are, instead he has been able to strut around as if he was a genius, rather than the moron he is, backed up by the mkts .

Re Ricks picks

Calling Trump a know nothing jackass is strong talk, when Trump could buy and sell Rick all day and still have loads of dosh left.

You don’t make all his money if yr a know nothing Jackass.

It is strange that some people categorise anyone on the right as an idiot and on the left as a genius, we have the same crap here, except most of our leftys are way below village idiot level, so it’s v hard to call them smart…when they are mumbling and dribbling at the same time…but people sold Blair as a genius and his right opposition as a moron.

Cheers

Otto writing:

The Asanko (AKG) short report

To be clear, I have no position in Asanko (AKG) (AKG.to) and that’s unlikely to change, therefore I have no dog in this race.

That said, via kind reader L here’s the link to the short report on AKG published today by K2 Associates, who are short AKG and think there’s a potential 90% downside on the stock. After reading their thesis, I’m forced to say that they may have a point. Go take a look.

http://www.asankoreport.com/

Pershing Gold Announces Preliminary Economic Assessment for Relief Canyon

http://finance.yahoo.com/news/pershing-gold-announces-preliminary-economic-214300795.html

East Africa Metals Initiates Mine Permitting for Terakimti Oxide Gold Project, Ethiopia

http://finance.yahoo.com/news/east-africa-metals-initiates-mine-073000387.html

Gowest Gold Enters Into Right to Negotiate A Milling Agreement

http://finance.yahoo.com/news/gowest-gold-enters-negotiate-milling-114500026.html

Avino Announces Extension of Concentrates Prepayment Agreement with Samsung C&T

http://finance.yahoo.com/news/avino-announces-extension-concentrates-prepayment-120000149.html

Re-Release: Pershing Gold Announces Preliminary Economic Assessment for Relief Canyon

http://finance.yahoo.com/news/release-pershing-gold-announces-preliminary-120000351.html

SLAM To Receive Gold Mining Equipment On Schedule

http://finance.yahoo.com/news/slam-receive-gold-mining-equipment-120000531.html

Skeena to Acquire Sona Resources

http://finance.yahoo.com/news/skeena-acquire-sona-resources-130000176.html

Kinross Nevada Tour Highlights Growth Potential at Bald Mountain and Round Mountain

http://finance.yahoo.com/news/kinross-nevada-tour-highlights-growth-130000157.html

silver!  yes!

gold? not so much.  maybe later…

…10:45  later just got here

Think Rick’s comments are right. Yellen & Friends are manning the pumps. You have been watching these markets for a long time, do you feel these markets are nearly completely manipulated ?

Over $18.20 out of nowhere. On its’ way to $22?

Rick’s Pick for Wednesday

Did AIDS Stop Orgies??

Posted Wednesday, 1:50 a.m. EDT

Tuesday’s sharp rebound in stocks after two days of Brexit-induced selling may be premature, since it’s going to take a while for Wall Street to figure out that the vote will have only a limited impact on Europe’s economy, let alone a big impact on America’s. In the end, however, a practically unlimited supply of central bank funny money will overcome such ostensibly niggling concerns as political instability, weak corporate earnings, the rise of global terrorism and a November election that threatens to put either a no-nothing jackass or a pathological liar in charge of the world’s biggest economy. Does anyone actually think this will matter to the fund managers and paper pushers who have finally perfected the financial version of a perpetual motion machine? Did AIDS stop orgies?

http://money.cnn.com/data/fear-and-greed/

Hi Ho Silver!  The Pacific Surfliner flies high above the Pacific Ocean.
http://www.railpictures.net/photo/580489/

Fleas are the least of my worries in that scenario.  I need some ‘brain bleach’ to get rid of that mental image!

No more parasites to hold it back ….Was it London that held it Back ? where there  are NO trading Rules ?   NY Banks trading in London     ?

https://youtu.be/uhhNmWjD98M

be strong

In January and March of this year, hedge fund billionaire James Simons wrote two checks to Hillary’s SuperPac, Priorities USA, for $3.5 million each, matching the $7 million Soros has also contributed. Simons is the founder of hedge fund Renaissance Technologies and also runs a so-called “family office” where he manages his own wealth, known as Euclidean Capital. We could not find Simons in the ICIJ database but we did find his hedge fund, Renaissance Technologies, in the Wall Street On Parade database – and not in a good way.

Renaissance Technologies became the target of an investigation by the Senate Permanent Subcommittee on Investigations, culminating in a charge of avoiding $6.8 billion (that’s billion with a “b”) in taxes. The Senate Subcommittee took testimony at the July 22, 2014 hearing from Steven M. Rosenthal, a Senior Fellow at the Urban-Brookings Tax Policy Center in Washington, D.C. Rosenthal explained the scheme as follows: 

“I have been asked to evaluate the character of the gains of the Renaissance hedge funds based on my review of materials provided by the Subcommittee staff. The Renaissance hedge funds traded often, more than 100,000 trades a day, more than 30 million trades a year, and they traded quickly, turning over their portfolio almost completely every 3 months. Because the hedge funds adopted a short-term trading strategy, we would expect their gains to be short term. But the hedge funds, with the help of Barclays and Deutsche Bank, wrapped derivatives around their trading strategy in order to transform their short- term trading profits into long-term capital gains. This tax alchemy purported to reduce the tax rate on the gains from 35 percent to 15 percent and reduced taxes paid to the Treasury by approximately $6.8 billion. I believe the hedge funds stretched the derivatives beyond recognition for tax purposes and mischaracterized their profits as long-term gains.”

Forbes currently puts James Simons’ net worth at $15.5 billion, making his political donations a very cheap investment in the overall scheme of things.

Hillary Clinton was asked about the revelations in the Panama Papers. According to the Guardian newspaper, Clinton responded:

“Some of this behavior is clearly against the law and anyone who violates the law anywhere should be held accountable. But it is also scandalous how much is actually legal. That is why last year I proposed a plan to shut down the so-called private tax-system for the mega wealthy. We are going after all these scams and making sure everybody pays their fair share in America. I am going to hold them accountable.”

Anyone who thinks Hillary Clinton is going to hold her mega-donors accountable should probably put their campaign contributions under their pillow for the tooth fairy.”