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

https://www.bulliondesk.com/gold-news/asia-gold-gold-supported-chinese-buying-after-fridays-dip-118419/

“A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but, when a correction will begin. Bull market corrections can be very sharp but short-lived, therefore, the next cycle bottom could be an excellent entry point.”

http://www.resourceinvestor.com/2016/08/08/gold-and-silver-bull-market-correction-expected

Comment:  A little dry powder on hand is the order of the day.

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Gold and silver futures contracts will launch in London in early 2017, providing competition for U.S.-based Comex trading as participants hope to create more transparency and deeper markets for the precious metals.

The World Gold Council and the 139-year-old London Metal Exchange (LME), together with Goldman Sachs GS, +0.46%   , ICBC Standard Bank, Morgan StanleyMS, +0.38%  , Natixis, OSTC and Societe Generale, will introduce a suite of exchange-traded and centrally-cleared precious metals products in the first half of next year, pending regulatory approvals, they said Tuesday.

A desire for greater market transparency, support of ongoing regulatory change, additional robustness to the precious metals market, broader market access, capital-efficient trading and easier trade lifecycle management drove the creation of competing products, the participating firms said.”

http://www.marketwatch.com/story/gold-and-silver-futures-trading-coming-to-london-exchange-in-early-2017-2016-08-09

Comment: Approximately six sheets of 20-pound paper weigh 1 ounce together. Each sheet of paper weighs approximately 16/100 of an ounce, so six sheets weigh 96/100 of an ounce. How many more paper ounces can they create ??! Geesh!

“This year’s top 10 nonleveraged ETFs by returns through July are focused on gold and silver, with all of them up at least 100% since the start of 2016, according to data from ETFdb.com, a site that provides information and analysis of the market. (Nonleveraged funds don’t use derivatives or borrowed money as part of their investment strategy.)”

http://www.wsj.com/articles/gold-and-silver-dominate-the-etf-charts-1470621723

http://www.theamericanmirror.com/obama-says-hes-forced-white-house/

Comment: What part of ‘limited to two terms’ does he not understand? Or does that just apply to the ‘little people’ ? Will he be homeless? Be like Hillary and leave ‘dead broke’? Perhaps Hillary can give him a few tips on setting up ‘The Obama Foundation’.