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

http://joeforamerica.com/2017/04/isis-vows-kill-man-hacked-250-isis-twitter-accounts-filled-gay-porn/

Good video, but kind of sad.

Surely Trump and his Goldman cabinet have no desire to rock the boat.

As the video states “Any notion that the new Presidential administration won’t continue the crimes of the last one is dead wrong”

Then there’s the gold market, and the desire to re-sign Yellen as Fed chair.

That one on the broom did him a huge favor, turning him into a frog.  Turns out he’s a money-frog!

Digital Nirvana!  🙂

If you are interested, here’s an amazingly detailed/researched documentary on why there are no prosecutions for the Too Big To Fails:

World number three gold mining company AngloGold Ashanti (NYSE:AU) is halting plans to develop its $2 billion La Colosa project in Colombia after voters in a referendum held in the central Tolima region overwhelmingly opted for a ban.

AngloGold has been advancing the project for 14 years and La Colosa had the potential to become on of the largest gold mines in the world.

The deposit, 150km west of Bogota, boasts proven and probable reserves of 25.4 million ounces ranking it in the top ten gold deposits in the world.

The Johannesburg-based company said it had to stop all exploration work and investment at the 100%-owned project until “there’s certainty about mining activity in the country and Tolima”.

cont. http://www.mining.com/anglogold-halts-work-giant-colombian-project/

from Jesse http://jessescrossroadscafe.blogspot.com/

http://www.washingtonexaminer.com/trump-begins-second-100-days-held-hostage-by-republican-congress/article/2621647

It provides a little more insight into GDX and the ETF’s associated. I can see the benefit of billions of dollars poured into the ETFs and some of that money used to actually buy the PM stocks. Is it a ‘good’ or ‘bad’ thing, time will tell. For the immediate future its probably a good thing that kind of money is moving into the miner’s pockets.

We’ll just have to keep an eye on it.

“Buygold @ 18:33 on April 28,

Your theory about JPM and their silver hoard would certainly make a lot of sense.

Their obvious backup to that plan is that the Crimex can settle contracts in cash anyway.

Never really thought I’d still be holding pm’s in 2017, hoping someday we actually have real price discovery.

Thanks for the comeback.

Pot shops in Seattle to accept bitcoin. 🙂

Misunderstanding GDXJ: Why It’s Actually Great News For Junior Miners

APRIL 27, 2017

Something extraordinarily good for junior precious metals miners just happened. But for some reason it’s being misinterpreted as a bad thing. Here’s the general story:

A Small-Cap Gold Mining ETF Streaks Lower As Big Index Change Looms

(Investors.com) – Mining stocks blazed a bright trail of returns since the start of 2016 as gold saw a renaissance and geopolitical uncertainties rose. That popularity has been double-edged for one gold mining ETF, which is now streaking lower.VanEck Vectors Junior Gold Miners (GDXJ) is set for a major revamp of the underlying index, which will broaden the exchange traded fund’s market-cap range and raise the average size of its stocks.

Torrid asset growth has led to concerns that GDXJ is too big for its index, with massive stakes in some stock holdings making the overhaul necessary, as ETF.com first reported.

For investors in this popular and heavily traded ETF, the changes may mean less small-cap exposure than they have come to expect.

Under the new indexing method, the ETF’s largest company by market cap could be $2.9 billion — vs. $1.8 billion under the current method — putting it over the traditional $2.5 billion limit for small caps.

The index change is set to take effect June 17, but the Junior Gold Miners ETF already has started buying stocks not in the underlying index.

The new names include Alamos Gold (AGI), B2Gold (BTG), Iamgold (IAG), Pretium Resources (PVG), Real Gold Mining and Patagonia Gold, besides a hefty stake in its large-cap sibling, VanEck Vectors Gold Miners (GDX).

They now constitute the ETF’s top holdings and account for more than a quarter of portfolio assets combined.

Asset Haul
Assets in GDXJ have ballooned 270% from $1.3 billion at the start of 2016, making it a $5 billion ETF “attempting to invest in (an approximately) 30 billion gold universe,” as one analyst told ETF.com. As money flowed in, GDXJ ended up owning more than 18% of some Canadian stocks.

That called into question its adherence to diversification rules.

Both tax and securities laws provide diversification standards for funds registered under the Investment Company Act. They limit, in part, the amount of a company’s outstanding shares that a fund may own — no more than 10%, in the case of securities law.

When this story broke, a couple of things happened. First, GDXJ plunged as investors concluded that it’s now a lot

You also notice that the best performing ETF on the list holds junior silver miners. Since your job is to attract investors’ money, how do you respond to this multi-billion-dollar unfilled need? You fill it, of course, by bringing out copycat funds.

In years to come there will be a wave of GDXJ and SILJ wanna-be ETFs. They’ll be smaller than the incumbent funds so initially at least won’t have to worry about owing too much of any one stock. But in the aggregate they’ll end up being bigger than GDXJ, which means they’ll swamp the junior mining sector — which is, as noted above, tiny and illiquid.

The result: a serious, ongoing tailwind for a sector that’s already seeing increased interest from both investors and speculators. Going forward, the juniors will be the hottest part of what should be a very hot precious metals market.

Hi BG,

When I first heard of JPM acquiring a large (very large) hoard of Ag, I thought to myself “uh-oh” – they will figure out a way to use this hoard to control the price.   always in their favor – they will make money as they drive the price up and down.

My guess is that they use the futures (paper) to bomb the price down.   the hoard is used to back up any contracts that dare to demand physical.

If necessary they will collude with their Bullion buddys and shuffle piles of physical back and forth.   controlling the price and always keeping the physical inside their club.

Just a guess on my part.

“However, the volume of silver ounces transferred daily increased 18.4% to 203.2 million. The corresponding value transferred rose 16.5% to $3.57 billion. The number of daily transfers rose by 8.2% to 924, with the clearers settling on average 219,799 ounces per transfer, up of 29% compared to the previous month.”

So how does volume and transfers increase – and prices decrease – unless the transfer’s are all sellers of phyzz? In that case, if every trader was looking to unload phyzz, shouldn’t the price be much lower? How many daily transfers were settled in cash?

Farmboy, please stop hurting what’s left of my brain!

Will do. Please don’t expect an answer any time soon because as you know getting a couple of brain cells revved up takes a little bit of time. 🙂

Holy crap, Fat Boy did a missile test! We need to send troops, missiles, nukes, everything!

All I know ol’ buddy is if they need war to cover their crimes here in the states, they’ll figure out a way to start something.

Have a great weekend!

over at your favorite News Service (Kitco) they have a short article. Check out the near the last paragraph about all the ‘Silver Transfers’ that have been going on. Would like your thoughts on the meaning of if you don’t mind. Too much for my two cells, plus they are over worked today. 🙂

http://www.kitco.com/news/2017-04-28/Gold-Trading-Activity-Remains-Down-After-Flat-Gains-In-March.html

I’m outta here, TGIF !!

Commish: Do You know how hard it is to find a car, or truck, in MY color ?! 🙂

Mr: Copper: Fishing of late doing about as good as my tradin. When you’re hot you’re hot I guess. And today I would rather have been fishing rather than sitting mostly at the dumb computer, but I had a goal I was hoping to reach at months end. Just barely made it. Saving up some bait money, maybe next Friday?

BREAKING NEWS: N. Korea just fired off a ballistic missle test. You know, whatever happens to the fat boy he deserves !!

Things in the PM pits could look MUCH different by Monday, that’s for sure.

Make it a Great weekend folks.

Didn’t know what ended up happening at Incirlik. Didn’t know we had a base in Syria.

Definitely ought to get our nukes out of there before we bomb Turkey.

What an absolute mess.

This all seems to be a nice money maker for the Military Industrial Complex, can’t see a single reason for us to even be there otherwise.

Thanks for the clarification. 🙂

I read someplace that we’re shutting down Incirlik Air Base in Turkey and moving all the planes and facilities to Syria (Syria and Iraq?) I suggest we close the base and remove the nukes from there before we go to war with Turkey …

PS I was just looking for that story and couldn’t find it. I dunno

Here’s the story … from Debkafile so who knows?

US Air Force to quit Incirlik, move to Syria base

http://debka.com/article/26004/

US Deploys Troops Along Syria-Turkey Border

US troops and armored vehicles have been deploying along the Syrian-Turkish border, days after a Turkish airstrike killed 20 U.S.-backed Kurdish fighters. The US involvement is meant to send “a message of reassurance for the Kurds and almost a warning message.” It also may lead to military conflict between the US and Turkey.

“The Turkish airstrikes also wounded 18 members of the U.S.-backed People’s Protection Units, or Y.P.G., were criticized by both the U.S. and Russia. The YPG is a close U.S. ally in the theatrical fight against the Islamic State (whose real purpose is destabilizing the Assad regime); it is seen by Ankara as a terrorist group because of its ties to Turkey’s Kurdish rebels. The problem is that Turkey is also an ally of the US, although over the past two years relations between Turkey and all western NATO allies have deteriorated substantially for numerous familiar, and extensively discussed in the past, reasons.

On one hand, further clashes between Turkish and Kurdish forces in Syria could potentially undermine the U.S.-led war on the Islamic State group. On the other, it risks taking an already unstable situation in Syria and escalating it substantially, should Turkey again find itself invading Turkey and/or Iraq.

Which is why the US appears to have deployed troops along the border: to serve as a deterrent to further Turkish attacks.”

Farmboy – nice trade yet again. You best be submitting your resume to Goldman and JPM! 🙂

R640 – I suspect as usual we are all being played on the NoKo thing, lots of huffing and puffing and no houses blow down. China has it under control IMHO. Maybe they’ll need a little false flag to oust Fat Boy that gives gold a temporary spike, but nothing lasting. Just a guess.

Other than that, the Fed meets next week, no hike expected, the hike talk will be all that matters.

Gold will go either up/down. Probably 30/70 odds. 🙂