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

Wow!  Since you are doing all the heavy lifting here, I brewed ya a big pot.  Pele won’t get this one!  (Buncha slackers around here… mumble…)

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In other words, El-Erian thinks the Fed and its counterparts around the globe have kept the spigots of easy money flowing for too long, hoping growth will come around.

“We as a society fell in love with finance as the engine of growth,” he said. “Up to 2008, we depended on private finance. Since 2008, we’ve depended on central banks. We have forgotten what it takes to growth an economy in an inclusive manner.”

The economist said these three structural steps could help spur stronger economic growth:

• Reform the tax code;
• Deal with pockets of over-indebtedness such as student loans;
• Embark on an infrastructure program to fix the nation’s roads, bridges and transportation systems.”
• http://www.cnbc.com/2016/08/17/the-us-better-take-3-actions-soon-to-avoid-recession-mohamed-el-erian.html

Racking up the bucks on my short dow bet, but the falling Mining shares are eating up all the profits. lol Pretty much at break even at this point. Aint that the way it goes somedays?

Should have just gone fishing. At least would have something to eat for dinner. 🙂

Hope you are doing well and staying well entertained between Brexit, the Olympics, and these crazy markets. At least we are not bored. Confused….but never bored !

And where are Wanka, Buygold, & Scruffy ?? Cant find em when there is some heavy lifting to be done in the PM pits. Seriously, how much golf can those guys play ?

Ps) add Ipso to that list of slackers.

Lloyd will be signing off everything this weekend in the Hamptons.

http://nypost.com/2016/08/15/hedge-fund-exec-faces-dui-charges-in-hamptons-car-crash/

Such fine upstanding folks…..

We’ve seen this fear action before, many times. Then after the announcement at 2:00pm, things get back to normal. A good day for a day trade.

See if any of these descriptions fit Obama:

• CRAZY LIKE (OR AS) A FOX – “.seemingly foolish but in fact extremely cunning.” From “Random House Historical Dictionary of American Slang, Volume 1, A-G” by J.E. Lighter, Random House, New York, 1994. And from a second reference: Crazy (Dumb, Sly) Like a Fox. Smart and resourceful.
• The fox has been celebrated for centuries as a crafty animal. Its wiles were remarked in the ‘Trinity College Homilies,’ dating from about 1200. S. J. Perelman made one of the phrases (Crazy Like a Fox) the title of a book in 1944.” From the “Dictionary of Cliches” by James Rogers (Ballantine Books, New York, 1985).
• If you say, “He’s crazy like a fox,” you are saying that person is smart and can outwit other people. The image I get is that the actions of a fox appear a little crazy but he is in fact acting in a brilliant manner to save himself.
• http://english.stackexchange.com/questions/241994/where-does-the-phrase-crazy-like-a-fox-originate
• I once thought Obama to be superficial, extremely shallow, a good BS’er, and not very bright. My opinion has changed over the past few years. I think he is working his plan, which is to destroy America, and about half of this country is too stupid to realize that. Hillary is Obama II and many dont get it.
• Good Morning to you, Im headed to town so leaving you in charge at the Oasis. Your first order of the day is to go wake up Wanka. 🙂

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The Department of Commerce is set to hand off the final vestiges of American control over the Internet to international authorities in less than two months, officials have confirmed.

The department will finalize the transition effective Oct. 1, Assistant Secretary Lawrence Strickling wrote on Tuesday, barring what he called “any significant impediment.”

The move means the Internet Assigned Numbers Authority, which is responsible for interpreting numerical addresses on the Web to a readable language, will move from U.S. control to the Internet Corporation for Assigned Names and Numbers, a multistakeholder body that includes countries like China and Russia.

Critics of the move, most prominently Texas Republican Sen. Ted Cruz, have pointed out the agency could be used by totalitarian governments to shut down the Web around the globe, either in whole or in part.”

http://www.washingtonexaminer.com/america-to-hand-off-internet-in-under-two-months/article/2599521

Comment: So if the web was to get shut down, it will be because of ‘events beyond our control’. Hmmmm, ??? Somehow, I think Obama is up to no good, again. BTW, anticipating such a move by the govt at some point, here is snail mail : Farmboy P.O. Box 338, Lebanon, Ga. 30146. Just in case. 🙂 Feel free to drop me a note anytime.

Trump shakes up campaign, demotes top adviser

https://www.washingtonpost.com/news/post-politics/wp/2016/08/17/trump-reshuffles-staff-in-his-own-image/

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The Clinton campaign has removed a pledge from its website stating that all survivors of sexual assault “have the right to be believed.”

“Gold will continue to perform its role as a safe haven during these seemingly never-ending times of crisis. The metal’s surge of as much as 8.1% on the day of the Brexit vote last month is an indicator that its luster of safety is undimmed in the current markets. ”

https://www.thestreet.com/story/13674032/1/time-to-buy-gold-silver-and-mining-stocks.html

“Recent data now available from two major European Banks – Swiss National Bank (SNB) and Deutsche Bank (NYSE:DB) – have disclosed that they have not only been positive on gold and silver, but have been investing big time into gold and silver mining stocks and derivatives – particularly the majors.

For reference the top 25 precious metals stock holdings for each bank as at June 30th are set out below:”

Top 25 Deutsche Bank precious metals stock holdings as at June 30.

http://seekingalpha.com/article/4000044-gold-silver-stocks-major-european-banks-invested

“Gold’s 25 percent first-half rally appears to have petered out, with the metal climbing less than 2 percent since the end of June as the market prices the possibility of a sooner U.S. rate increase. New York Fed President William Dudley warned investors they are underestimating the likelihood of increases, and Atlanta Fed chief Dennis Lockhart said he’s confident growth is accelerating, setting the stage for one or two rises this year. The comments boosted the probability of a hike in December to 51 percent.”

Comment: I think this Dudley Dude is full of it but his remarks yesterday did seem to slow down the PM traders. Why anyone listens to these Fed Heads is a mystery to me. Gold may be taking a pause, a breather, for the moment, but I predict shortly a nice rise beginning in a couple weeks. Or sooner. The next Headline could spark a new rally. The world’s markets and banks are that precarious. Meanwhile, the markets wait for the 2;00pm release of the Fed minutes. I gots laundry to do in the meantime. I miss Greenspan and his gobblygook speak, at least he made it interesting to try and figure out what the heck he said.

Thanks for mentioning the head count on those listening via YouTube last night. There is also an uncounted number of folks who watched it at Right Side Broadcasting. RSB are the ones doing the actual filming of Trump’s Live events. I prefer to watch it on their web site which seems to have fewer ‘technical’ glitches than YouTube, for some strange reason. 🙂 ( I dont think the owners of YouTube are Trump fans.)

Anyways, here is another link to watch Trump in case YouTube ceases to carry it. At least as long as their servers can handle the traffic.

http://rsbn.tv/

Ps) “Call us names”, another great post from you ! Thanks!

Nothing Obama or Hillary might do to keep the reins of power would surprise me. Especially after Trump’s speech last night where he might have tipped his hand a little with his own future plans to shut down the corruption in Washington. If Trump makes it to the White House, there could be a purge like America has never seen in it’s history. Hillary may find herself in a Federal Prison, along with a host of others who have violated the laws of the land and subverted the Constitution.

I dont think Trump is going to put up with the things that have been going on. Leastways, that is what I garnered from his ‘Law & Order’ speech last evening. I think Trump is making a lot of folks in Washington very nervous. Wouldnt surprise me come November 9th, if a lot of rats start looking for new residence abroad, places that offer protection from extradition. 🙂

We watch and wait.

I can take an occassional beat down of the Precious. I will eventually get over the Women’s Volleyball team losing last night. (Grrrrr) But I draw the line at Pele stealing the coffee pot. Which is why I named that new piece of farm gear you sent, Lava Buster (LB). A fine addition to my ole truck (Betsy Lou), and my Colt .45 ( Sweet Pea), and that dog AuGal gave me (LuluBelle).  Together, we will retrieve that coffee pot from the hands of the gods. Then see if we can find AuGal, she’s been missing too long.

Have a nice day ! 🙂

Doesn’t anybody make coffee around here anymore? (grumble)

This is lava flowing over the cliff, into the steaming ocean beyond.  Pele got the rest of the coffee… pot and all.

(Photo Credit)

I think we found a way around that flat-top mountain with the Silver Train.
http://www.railpictures.net/photo/586010/