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

News is the accurate reporting of the facts without bias.

Propaganda is the twisting or deliberate misleading of the facts to influence the reader to a certain point of view or opinion.

Seen or read any ‘news’ lately? 🙂

…or should I say ‘Fake’ the news ?

Sounds like a dangerous place!

I saw a documentary about the housing market in Argentina. The financing system for houses has broken down on account of the massive inflation and if you want to buy a house you better be able to pay cash. That’s a lot of simoleons!

I think Columbia’s come along ways in the past few years. Much better than it used to be.

It’s all in how your parse the headlines. 🙂

http://stockcharts.com/h-sc/ui?s=RGC.V&p=D&b=5&g=0&id=p93267484866

There is a TV reality show in which a team goes to various locations to purchase very valuable vintage cars . I saw an episode where they went to Buenos Aires and located a couple of gems from that era of Argentinian wealth . The problem was getting the owners paid ( cash deal ) without being robbed or killed , and getting the vehicles out of the city and country without having them stolen by the underworld types . You could not pay me enough to do that !…and I spend part of my time in ‘peaceful’ Colombia .

Nothing breaking one way or the other. Good day to take up ice carving. 🙂

It reminds me of a story circulating during the Cold War . A race was held behind the Iron Curtain in which there were only two entrants – a Communist built car and an American Corvette . The Corvette won by a mile .

The Communist news reported ‘ Communist vehicle wins second place in road race – American Corvette finishes next to last ! ‘

In the 20’s and 30’s Argentina had one of the highest standards of living in the world. They’ve sure screwed up their country since then. Socialism and corruption have wreaked havoc. I hope they don’t go down Venezuela’s path …

PS … and you’re right, it’s not a great country to invest in ….

The country has never recovered from the Peron mindset – rob the ‘rich’ and buy votes from the masses . ( Does that sound familiar ?)

I worked for AECL ( Atomic Energy of Canada Limited ) in the 70’s , and the company sold two CANDU reactors to Argentina under a contract payable in Argentine money , with an inflation adjustment . But the adjustment was capped at 30 % per year . They blew past that even before the plant was completed . The President of AECL had just retired as the scandal broke and his replacement took the axe in his stead . The Canadian public took the financial hit because AECL was a Crown Corporation .

I would NEVER invest in an company planning on a return from an Argentinian investment . Britain essentially went to war over the Falklands to protect the British population there , and since undersea oil has been discovered nearby , Argentina again claims the ‘Malvinas’ are theirs .

Maybe Mr. Yellen’s rate hike was the straw that broke the stock markets back.

I’d love to see that bloated pig fall about 70%

Thought the shares might hang tough but now they’re playing whack a mole.

Well Andy they say the fire started on the 3rd floor and spread upward 22 stories. I say the Skull and Bones 322 left their calling card.

Argentina passes mining act expected to create 125,000 new jobs

Argentina passes mining act expected to create 125,000 new jobs

if they keep pounding G&S the resilient buyers supporting the PMs today may thrown in the towel and cause a quick and brief plunge  to down 12%–14% 17% on JNUG–15.80 would be about 14%. Given the 15% plunge yesterday, I’d think another one today would be quickly bought.

The miracle of Cialis gives scope for many new hobbies and activities for those in or heading into old age….

If I had any sense at all I would just buy mostly phiz, a few miners, and just sit back and open the box in 3-5 years.  But then I would have to take up a couple hobbies to pass the time. 🙂

That ratio bears watching on a monthly basis. It may well tell us when the next major bull leg up is underway.

Good job and thanks for posting.

Maya, no doubt Bitcoin will have its ups and downs. But until someone can figure out how to consistently manipulate its price, I dont think it will be subject to the drip selling of the water board like we experience in PM’s. I see mostly blue sky for the Bitcoin and congratulate you again on making that move.

I see the selling continues in gold and silver overnight. I think its a little overdone, will be watching the dollar to see if it wants to turn south and give us a clue for today’s action. Looking for an opportunity to go long…?

[ya couldn’t pay me enuff to visit africa]

South Africa Says Mines Must Be 30% Black-Owned; Rand, Mining Shares Tumble

South Africa announced plans to revise its mining charter and introduce rules requiring all local mines be 30% black-owned, regardless of whether they have previously sold shares or assets to black investors that later divested.

Gold down 12.50—-silver down 26–NUGT Up 24 cents—-JNUG up  15 cent–GDXJ up 3 cents in pre-market trading—what a mess…yet, long term…not too long maybe–JNUG at 17.80 now may be an ole 100—150–200 bucks

if this commodities to stocks chart is to be believed.

Silver Train. The Reno “Fun Train” heads over a snowy Donner Pass with a trainload of gamblers… who probably did better than Goldbugs today.
http://www.railpictures.net/photo/619997/

But I’m not worried.  Even the Goldman analyst says to expect a pullback to $1900… maybe even $1500 I’ve read for Bitcoin.  It’s not unexpected.   It’s a real Elliott wave #4 pullback.  I can’t wait for the fifth wave!  🙂