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

On the surface markets remain quiet. Not even yesterday’s announcement of the Republican’s new health plan has had a noticeable impact. In fact, leading averages S&P 500 and the DJI (Dow-Jones Industrial Average) actually eked out new all-time highs this week. It would take enormous courage to recommend selling in the teeth of such sustained buying, but as always we are compelled to truthfully report our observations. We are not always right, but we always believe it.

Despite the Uptrends, in our judgment a number of our important proprietary Technical Indicators predict that this market will soon be turning lower. The confluence is that leading averages are in Uptrends while Indicators are pointed down, challenging us as to whether we should stay with the uptrend, or try to anticipate the decline.

When might the market be in such a possible decline? Nobody is smart enough to pick the exact day, but if the Top is going to come we expect it around this summer, July and August. Any more precise than that? If we had our arm twisted, we would guess the selling will be in July, maybe within the month’s early days. Around the July 4th holiday will see the surprise decline. We also suspect that the market Top would approximately coincide with a resumption of the long-term gold and silver bull markets, and we are still confident that their very high price rises are somewhere ahead in what we call “The Coming Wave III.”

In these sleepy markets, where on the surface not much appears to be happening, in fact the combination of frothy over optimism in some of China’s blue-chips (such as Tencent and Alibaba) also look as if they should be sold, believe the unbelievable or not.

       Again giving us pause is that the precious-metals stocks might be beginning to firm, led by palladium metal having reached another new high. Sensing that the market is waiting for some kind of event to move it off its flatness, that event might be in the geopolitical arena. America for the first time has shot down a Syrian plane, Russia’s client that had been bombing American-backed ground forces.

A little worrisome that these guys don’t feel the need to hold physical metal with the exception of Einhorn.

Would have thought Dalio was a holder of phyzz since he’s supposedly such a good friend of Bill – apparently not.

“If and when the paper gold market implodes and the price of real physical gold diverges from the paper price of gold, the world’s billionaire investors will need to line up their ducks and explain to their partners and shareholders if they actually hold tangible physical gold bars, and if not why not.”

My take from reading the article is that all these guys have 100% faith in the fiat system and that gold is nothing more than a trade for them.

Thank you.

Subject: Trumps Russian Connections

I wonder why we don’t have THIS ground in our ear on a daily basis by the media?

Remember when Donald Trump was business partners with the Russian government and his company got $53 million from a Russian government investment fund called ‘Rusnano’ that was started by Vladimir Putin and is referred to as “Putin’s Child”? Oh wait…..that wasn’t Trump, it was John Podesta.

Remember when Donald Trump received $500,000 for a speech in Moscow and paid for by Renaissance Capital, a company tied to Russian Intelligence Agencies? Oh wait, that was Bill Clinton.

Remember when Donald Trump approved the sale of 20% of all U.S. uranium to the Russians while he was Secretary of State which gave control of it to Rosatom, the Russian State Atomic Energy Corporation? Oh wait ……that was Hillary Clinton.

Remember when Donald Trump lied about that and said he wasn’t a part of approving the deal that gave the Russians 1/5 of our uranium, but then his emails were leaked showing he did lie about it? Oh wait ……. that was Hillary Clinton and John Podesta.

Remember when Donald Trump got $145 million dollars from shareholders of the uranium company sold to the Russians? Oh wait…..that was Hillary Clinton and the Clinton Foundation.

Remember when Donald Trump accepted millions in donations from Russian Oligarchs like the chairman of a company that’s part of the Russian Nuclear Research Cluster, the wife of the mayor of Moscow, and a close pal of the Putins? Oh wait…… that was the Clinton Foundation.

Remember when Donald Trump failed to disclose all those donations before becoming the Secretary of State, and it was only found out when a journalist went through Canadian tax records? Oh wait, wasn’t that Hillary Clinton?

Man… Trump’s ties to Russia are really disgusting, aren’t they?

Speaking of Catholics,

…got this email:

The Nun’s Blaspheme while golfing

A nun walks into the Mother Superior’s office and plunks down into a chair. She lets out a sigh, heavy with frustration.
“What troubles you, Sister?” asked the Mother Superior. “I thought this was the day you spent with your family.”
“It was,” sighed the Sister. “And I went to play golf with my brother. We try to play golf as often as we can. You know I was quite a talented golfer before I devoted my life to Christ.”
“I seem to recall that,” the Mother Superior agreed. “So I take it your day of recreation was not relaxing?”
“Far from it,” snorted the Sister. “In fact, I took the Lord’s name in vain today!”
“Goodness, Sister!” gasped the Mother Superior, astonished. “You must tell me all about it!”
“Well, we were on the fifth tee — and this hole is a monster, Mother — 540 yard par 5, with a nasty dogleg right and a hidden green … and I hit the drive of my life. The sweetest swing I’ve ever made. And it’s flying straight and true, right along the line I wanted … and it hits a bird in mid-flight!”
“Oh my!” commiserated the Mother Superior. “How unfortunate! But surely that didn’t make you blaspheme, Sister!”
“No, that wasn’t it,” admitted the Sister. “While I was still trying to fathom what had happened, this squirrel runs out of the woods, grabs my ball and runs off down the fairway!”
“Oh, that would have made me blaspheme!” sympathized the Mother Superior.
“But I didn’t, Mother!” sobbed the Sister. “And I was so proud of myself! And while I was pondering whether this was a sign from God, this hawk swoops out of the sky and grabs the squirrel and flies off, with my ball still clutched in his paws!”
“So that’s when you cursed,” said the Mother Superior with a knowing smile.
“Nope, that wasn’t it either,” cried the Sister, anguished, “because as the hawk started to fly out of sight, the squirrel started struggling, and the hawk dropped him right there on the green, and the ball popped out of his paws and rolled to about 18 inches from the cup!”
The Mother Superior sat back in her chair, folded her arms across her chest, fixed the Sister with a baleful stare and said …
“You missed the fucking putt, didn’t you?”

the markets closed for the weekend there is time to get caught up on some PM-related investment research.  One thing that impressed me in the research that Ronan Manly summarizes in the link below is that it is important to read beyond the headlines.  For example, Manly re-examines a recent Sprott-generated infographic which gave the impression that it may be wise to invest in gold because important billionaires are doing so.  Manly points out that the billionaire “investment in gold” actually involves significant investment in PM futures or ETFs, but not a great deal of direct holding of physical precious metals.

Read the details, not just the headlines.  Have a good weekend, all readers of Goldtentoasis.

https://www.bullionstar.com/blogs/ronan-manly/worlds-billionaire-investors-actually-buying-gold/

Bernie Sanders & Wife Under FBI Investigation For Bank Fraud

“My only hope is for a fair, impartial, and thorough investigation…”

Macquarie bank faces class action over advice on worthless Brazilian mine project

http://www.smh.com.au/business/markets/macquarie-advisers-ploughed-clients-into-worthless-brazilian-mine-20170619-gwu2m0.html

Macquarie bankers drug colleague with valium and laxatives

http://www.smh.com.au/business/markets/macquarie-bankers-drug-colleague-with-valium-and-laxatives-20170621-gwvb8e.html

Yikes!  Alex can have that thing.  I dunno…. that image could be the cause of what Seinfeld described as “shrinkage”…. maybe even an uncontrollable urge to run the other way.

Yeah I know they’re out there. Many charge patients who haven’t been seen in awhile for services they never needed. Back in the 70s and 80 s there were doctor feel goods who would over prescribe narcotics. Many of those you don’t even see around anymore. They were also given common place on the hospital even in maternity if mom having trouble sleeping. Another thing that’s waisting money is they system that oversees them. It’s layers upon of layers and regulations upon regulation so even if their honest they will make it impossible given time and staff get them on something not to mention cost they can pass to us. It nurses as well asked for all the money back they didn’t get for missed or partial lunches and overtime theyd owe them a bit too.