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

There certainly are no shortage of dumb Americans, eh?  The left is full of them.

Yea right gold to the moon every day.  maybe tomorrow. Perhaps.  The only thing that keeps me sane in this awesomely overwhelmingly corrupt market is the realization that it is all a farce and if I want to have any hope of increased wealth in the future via the assets I have saved to date then I must seriously invest to allow me to work hard and maximize profit from personal, private, close-to-home business activities that are export proof, robot proof, for the next 30 years until I am 99 and a half years old.  So now I work on air conditioning equipment in alabama as a hobby with a million gaxillion business licenses and taxes.  Seriously.   (puke) I just got request for summary of all business assets by the local county tax authority so they can decide which ones I need to pay taxes (and penalties on the taxes)on.  It does not matter if I ever had a profit or not, all that matters is they get as much vig money as possible from my business assets.  I have this wonderful screwdriver I paid $2 for but it is worth $2000 to me, I hope to not have to go to jail over it.  It could last 2o years I hope, should I depreciate it at ten cents per year for 20 years or just pretend it has no value?  ugh glad I’m not a tax collector or a iraqi informer, both have potentially short life expediencies.

Oops that would be me with only three taste buds and that is probably why I like hot peppers – I can actually TASTE them!

Anyway here is a recipe for you, WATERMELON with vinegar. mmmm.  Like a sweet balsamic vinegar or maybe something from the salvage store drooled over a bowl of fresh cut watermelon:

back to you OM

Very often when people get scammed, its always these scumbags from those ex USSR communist countries. Dumb Americans are fair lucrative game for them. Our (supposed alleged) US gov’t looks the other way. Besides that, look at the low interest rates savers get. It’s no different than stealing money from savers.

These communist bankers must figure if you have money (and borrowers don’t) you don’t deserve to get paid interest, you lose for the greater good of borrowers, and the banks that collect what 4-5-6% on a loan, and pay you what, .25% 1/4 of one percent?

Bitcoin wallet COINBASE now seizing accounts of Americans… users rage against “total ripoff” as their Coinbase accounts VANISH

(Natural News) The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts. A Natural News investigation confirms that Coinbase is citing obscure state laws in its decision to seize accounts of users in both states, yet the online wallet refuses to allow users to log in and change their state of residence if they move to another state.

http://www.naturalnews.com/2017-06-13-bitcoin-wallet-coinbase-now-seizing-accounts-of-americans-total-ripoff-accounts-vanish.html

It appears that the VIX is also being gamed as well as the DOW & S&P ,so I wouldent rely on VIX  for anything .

Regarding pm’s

” I will always “Follow the Commercials” 2015). Sell Breakouts; buy breakdowns – always”

Regarding all markets and Central Banks:

“So in the interest of the health and well-being of my favourite dog and the mental sanctity of my better half, I refrain from making big bets against the serial manipulators. In another life and in another era, I would be “balls to the wall” short this bloated pig of a stock market but trying to play this in a rigged casino where there has been ZERO chance of winning using conventional analytics has been and continues to be a mug’s game.”

and then lastly, we can forget about it until this happens and truthfully he’s right about being worn down by years of manipulation and psychological abuse – this may never happen unfortunately.

“Only through a cataclysmic confiscation by way of cyber warfare or attack will the sheer veracity of that adage be felt; only AFTER such an event will the true value of physical ownership and possession of gold and silver be truly appreciated and ACTED UPON.”

Excellent article from Ballanger.

Not sure where it leads us as far as when a move higher might take place, but right on the mark.

Please don’t walk on by this one. James addresses many aspects  including crypto currencies. Definitely worth your time!

https://youtu.be/QQpAfLA0Dho

Gold and Gold Miners June 11

Michael J. Ballanger

“Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that “it is truly different this time”.”

One Massive, Global, Serial Bubble…

These missives that I construct periodically usually have as their genesis a “Eureka!” moment  while reading a research piece or a written commentary from one of the thousands of self-styled market authorities or if I have the random luck of catching an interview on Bloomberg or (UGH!) CNBC. During a normal week, I will text myself a quick note or leave myself a voice note when and if an idea comes to mind so when I am travelling, it is usually preferable that I be close to a decent WIFI signal in order for my ramblings to be relevant. During the past two weeks, I found myself swept up in a wondrous journey to the land of my ancestors and rather than bore you all with the bark and rings of my Family Tree, suffice it to say that walking through castles built in the 10th century that are still intact and more magnificent today than they were when constructed is, to put it mildly, awe-inspiring. Just walking up the side of the hill in front of the walls gives one a sense of just how dangerous it was to live and how important was the need for protection and strategic advantage. That is relevant to the topic of valuations in today’s bond and stock markets as there has never been a greater need for that very protection and strategic advantage so by merely looking at Cashel Rock castle, you get a sense of that urgency through the imagery

During the trip through Western England and Ireland, the only notes I could make were through photographs taken on my phone and after downloading 453 pictures to a 4-gig data stick, I took the time to go through them and as I did, I was able to reclaim the thoughts I had as they related to gold, the gold miners, and global markets. The larger story of the first week was that gold had “BROKEN OUT” above a six-year downtrend line and was now poised for a move of several hundred dollars to the upside. Sadly, as long as I have been writing this missive, I have contended that as valuable as technical analysis is for some markets and certain commodities, it is ineffectual for any and all markets that are “rigged”. The markets that are “rigged” are defined as “all markets deemed important to the national security of the United States” and that means debt markets (bonds), equity markets (stock, ETF’s), and precious metals (gold, silver). All three of these markets are targeted by the Working Group on Capital Markets (“Plunge Protection Team”) with the first two (debt and equities) manipulated higher while the third (precious metals) is manipulated lower. The purpose of this is to insulate the almighty U.S. dollar from attack because to successfully undermine the U.S. dollar would undermine the fundability of the U.S. military and its propensity to protect nations abroad such as the U.K. and Japan. Now, since the U.S. dollar has been under pressure since the end of December 2016, these Interventionalists are intent upon keeping all markets levitated in order to insulate bank collateral from unexpected markdowns. So, with the world all rejoicing and in full voice, the siren of the majestic “Gold breakout!” was in no fewer than fifty separate commentaries that I have read since last Sunday and I watched as if it was a beer bottle sliding off the edge of a table in suspended slow motion as the Commercial Traders fed over 70,000 contracts out into a $50/ounce rise and capped the rally at exactly the point where the “technicals” turned “long term positive”.

Whatever the rationale might have been for a “breakout”, the memory-challenged algorithms trading the futures decided after the pattern-recognition software spit out a “BUY” signal that they should pile into gold futures leading up to last Tuesday’s 30,397 gluttonous buying frenzy. The Commercial traders under express instruction and guidance from their bullion bank masters at 33 Liberty (and at the BoJ and the ECB) did it again – they set up the trade like a Titleist 3 on the 18th tee at Augusta National. So here we sit at $1,271.40 after an assault on one of the downtrend lines drawn between $1,800 in late 2013 and the top last year at $1,380 and once again, I beseech you to ignore any and all technical analysis when trading gold other than to recognize its importance to the bullion bank criminals that rig markets on a regular basis. I have written about the ineffectiveness of technical analysis since 2001 with missives like “Sell breakouts; buy breakdown” (2013), “Trade and think like criminal” (2015) as well as a few others. When the net short position of the commercial traders undergoes a sharp and rapid change in response to a technical “signal”, I will always “Follow the Commercials” 2015). Sell Breakouts; buy breakdowns – always.

Global markets have now moved into (what I believe is) the final, parabolic, public-entrapping vertical ascent that typically punctuate established trends with cataclysmic reversals. The problem I have with making such a bold statement is that the body bags are lined up at the side of the road with those that have fought this move firstly since the 2008 Meltdown and then after the 2016 U.S. elections. The large banks with their supercomputers and unlimited cheque books have now successfully hijacked the markets and appear to have eliminated the need for protection while smashing volatility (the VIX) to a 9.5-11 range with only three harmless pops to over 15 since the Trump election. Their skillful suppression of all volatility by way of indiscriminate bludgeoning of the VIX has allowed the large portfolio managers to glide over the financial landscape completely unhedged such that current mantra is that to buy volatility insurance is a stupid way to shave points off your performance because the government-supported, bank-driven interventionalists have ensured that any and all dips will be bought. In fact, that narrative forms the basis for my persistent warnings because it has been eight years since the Armageddon-like March lows in the S&P were made and with the exception of a couple of blow-offs, long-term stock and bond investors have been richly and abundantly rewarded not however, by brains, but by extremely good fortune and loyalty to the Central Bank motto that they will do “whatever it takes” and they most certainly have done that.

The issue of “moral hazard” is now moot because politicians everywhere look to the role the Central Banks have played in rescuing a decayed and corrupt political and financial system and all they need to use as their benchmark is the S&P or the FTSE or the NIKKEI. With every central banker in “PRINT” mode with zero exceptions, my old and now VERY relevant phrase “One can NEVER underestimate the replacement power of equities within an inflationary spiral” has been the ONLY rule in my quiver of investment arrows to which I have adhered. Valuations are now ridiculously aberrant; sentiment is outrageously complacent; and risks are spiralling into uncharted waters based on historical data – but – and this is an enormous “but” – the “invisible hand” has continued to save stocks and bonds and cap the rallies in the precious metals with astounding consistency. So in the interest of the health and well-being of my favourite dog and the mental sanctity of my better half, I refrain from making big bets against the serial manipulators. In another life and in another era, I would be “balls to the wall” short this bloated pig of a stock market but trying to play this in a rigged casino where there has been ZERO chance of winning using conventional analytics has been and continues to be a mug’s game.

Our beloved junior explorers as represented by the TSX Venture Exchange are now backing off despite (in some cases) positive results and rising gold and silver prices. It also doesn’t help that despite new highs in global equities, base metals are now well off the highs of early February when copper traded up to $2.76/lb. and zinc up to $1.345/lb. Copper has since retraced to $2.58/lb. but zinc has undergone a mini-crash with the current price around $1.0988 which is an 18% correction. The amount of “heat” I took back in late March when I penned “Buy Precious, sell base (metals)” is now rather irrelevant with gold having traded up from the date of the missive ( https://www.streetwisereports.com/pub/na/buy-precious-sell-base-metals) through $1,295 from $1,248 and zinc down from $1.25/lb. to under $1.10/lb.. While it was actually a call on the US dollar, it was, nevertheless, an on-the-money call but it hasn’t benefitted anyone holding the junior explorers as my current darlings, Canuc Resources Corp. (CDA.V)($.375) and Stakeholder Gold Corp. ($.245) have retraced along with most if the other TSXV names. Both companies are fully-funded and are a few short weeks from the commencement of exploration on their respective projects with CDA (market cap: $15.75m) drilling a the highly-prospective silver-gold San Javier in northern Sonora while Stakeholder (market cap: $5m) is drilling the Goldstorm project tied onto Seabridge’s Snowstorm project in Elko County, Nevada. (The Canuc project at San Javier is under the direction of ex-Tinka V.P. Exploration John Nebocat (discoverer of the Ayawilca deposits) while Stakeholder’s Goldstorm project is under the direction of ex-Newmont Mining V.P. Exploration Robert Cuffney.)

Finally, I know that many of you out there have been rendered “weary” by the length of time it is taking for the precious metals to break free from the shackles of intervention, collusion, manipulation, and fraud. While I like to fancy myself as somewhat immune to the debilitating impact of the psychological poundings of capped breakouts and coordinated assaults, it actually DOES have an impact when I sit down to write these commentaries. There are only so many topics to discuss and when they all converge around the criminality of central bank and government management of the global economy and politics through the financial markets, the mind sort of “shuts down” in attempting to utilize creativity to get a point across. However, my recent trip into the U.K. and Ireland allowed me to reflect outside of the warmth of my comfort zone upon the state of the global economies and based upon conversations that I have had over the past month in Bristol, Cheltenham, Dublin, Limerick and good old Oshawa, Ontario, the main focus for EVERYONE is housing. The main collateral in the portfolios of the global banking cartel has always been real estate and because the wonderchild financial engineers have found a way to lever up their balance sheets, the only way that another meltdown could be averted was to reflate the collateral. Now, with housing bubbles being reflated everywhere, affordability is no longer important (in terms of carrying costs); all that matters is equity. As long as you bring enough skin into the transaction, bankers EVERYWHERE will allow you to step up to the wicket of land speculation and that is exactly what it is – rampant and blatant speculation. In order to keep the flow of money moving in the direction of that all-important bank collateral, these timely interventions serve to train the millennial horde of selfie-snapping, Facebook-posting newbies that “Gold is bad” and that “Stocks, bonds, and housing are good” and only through this constant pounding in both actual and psychological warfare has the public narrative been able to reshape the accepted methods of inflation hedging. While forty years ago my mentors were busy reaping the rewards of sound money philosophies and practices through gold ownership in the late Seventies, today’s synthetic narrative allows the new generation to abandon the historical use of precious metals in favour cryptocurrencies and blockchains with little regard for the risk associated with the old adage that “Possession is nine-tenths of the law”. Only through a cataclysmic confiscation by way of cyber warfare or attack will the sheer veracity of that adage be felt; only AFTER such an event will the true value of physical ownership and possession of gold and silver be truly appreciated and ACTED UPON.

Michael J. Ballanger, B.Sc.,B.A., CIM
Editor and Publisher
Gold and Gold Miners
Email: mballanger@rogers.com

I wouldn’t get excited until it reaches about 23,400. Here’s the chart. If you want to see what’s in it you’ll have to open it…..Kinda like Nancy Palosi  (sp) and Obamacare. Or maybe it’s gonna open on its own?

Edit: Hey, I see this one will enlarge if you click on it.

The Video came from Mike Maloney’s Gold Silver site. Sorry I know nothing about the author of the video but it all rings the right bells in very simple and easy to understand terms that could be passed along to others now aware of it. I was disappointed  that it did not delve into it a little deeper, like who owns and controls the Federal Reserve. I’ve always suspected it is the British Monarchy and the Vatican, who also pull all the other world strings, including owning the corporate United States, Corporate Canada, Corporate Australia, and probably all of Europe and most or maybe all the rest of the world.

Just my opinion!!

I see the Nasdaq is bouncing back as usual. ZH keeps trotting out fund managers that say a big correction is coming. I don’t know, seems like the SM may never have another big correction in our lifetime. ?

That is exactly the talk one gets near the end….E wave says we do a 4th down at some point, then the final 5th up…talk is it could run into 2018/19 before it dies..but die it will and then we get a 2nd dn and that in theory can sniff the 2009 lows…..which would have the CNBC crew queing up on the ledges !!!!!!!

We’d have Snowflakes all over the joint, crying for mummy, as another corpse crashes into their safe spaces.

Have no handle on Cryptos….but agree that their rise has taken place in a mkt that is beyond perfection….hell they have even stopped… so far….the Bond mkt from tearing them a new one….though I think that is just biding time and letting a huge Number of Jonnie come Lately’s load up short rates, before the next leg takes off and starts to kill it all.

10 year money at 7 % would be some stiff competition to a crypto…..

Hope you’re right about the late comers selling and we have seen about the end of the correction. Still at some point we’ll need higher metal prices and have to see the metals firm against a weaker dollar.

Maddog – I see the Nasdaq is bouncing back as usual. ZH keeps trotting out fund managers that say a big correction is coming. I don’t know, seems like the SM may never have another big correction in our lifetime. 🙂

The next time you “fair weather friends” see the next big new up wave in Gold Silver and related mining shares, take a hike, stay the hell out of a market you know nothing about. Stick with your TSLA FB APPLE NFLX GOOG crap.

The bubble in the cryptos is tied to the general tech bubble. Cryptos are just a different variety. Cryptos came about in 2009, the bottom in stocks. This is no coincidence. 

Cheers

My guess is all the non-Gold bugs that jumped into our sand box late, and near the highs, have been selling, booking losses all the way down, and they don’t have much or anything left to sell.

Kind of like the way the shares are acting even though the metals are pinned down.

Makes me wonder if the shares know something we don’t know about tomorrow’s Fed meeting.

Re Putin and Ethereum

No flies on Vlad…but all this is happening while the ‘Hidden Hand’, does not allow any Bear mkts in the SM.

If they can banish all Bear mkts…look at tdy Dog storming higher, after 2 day hesi, then no-one needs virtual or real Gold…just buy the SM on Max leverage and wait to retire…simples.

If they can’t then we will see if the Virtuals an ride it out…

As of now we are in non real world, with everyone pretending it is real …read a piece over the weekend where they were saying our SM would survive a Corbyn gu’mint !!!!!!….Well yours never missed a beat under Obummer…so that is the new thinking…nothing can stop the SM !!!!!

Hartleys has released updated research on West African Resources, maintaining a Spec Buy and increasing its price target to $0.65/share – 44% higher than its previous recommendation.

Analyst Mike Millikan said:

“Deep diamond drilling by West African Resources (WAF) at the M1 South deposit, Sanbrado Gold Project in Burkina Faso continues to deliver spectacular high-grade results, which we anticipate will ultimately improve the mining inventory and further enhance the project economics. Diamond hole TAN17-DD111 is a recent highlight, reporting 21m @ 53.1g/t Au (or 1.7oz/t) from 408.5m, including an impressive 0.5m @ 1,613.4g/t Au (or 51.9oz/t), extending high-grade mineralisation at M1 South to more than 350m vertical depth.”

Sprott Capital Partners has also initiated coverage on West African Resources.

Analyst Brock Salier said:

“In short, given the endowment of >6,000oz per vertical meter in today’s drilling, we see potential for a resource not just approaching 1Moz but materially exceeding. Both geologically (gold is disseminated and evenly distributed) and statistically (regression coefficient between duplicates of 0.9975) the ultrahigh grades appear not to be nuggets at this stage, which bodes well for their inclusion in future resource updates.”

Click here to view the full Sprott research report (West African resources: site visit)

Click here to view the full Sprott research report (M1 South drilling)

http://email.launchpadcreative.com.au/t/r-l-yuurwty-krdlidjddk-t/

that video was absolutely terrific!

an excellent summary of a purposely confusing subject.

I wish it were required viewing for every high school student.

Do you know much about the producer of the video?

i did notice it was “#47 trending” whatever that means.

Dr. Mercola