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

The whole pricing value system is very unstable. $145 Oil to $26 Oil? A 72 Dollar and a 105 Dollar? People and businesses are trying to do business. 21% prime rat around 1981. 1.5% ten year bond recently. Like trying to walk with a shallow pan of water. The water slides far left and far right too easy, and can go over the side. You avoid doping that.

The Commitment of Traders Report

Silver

*The large specs increased their long positions by 89 contracts and decreased their shorts by 9,952 contracts.

*The commercials reduced their longs by 2,623 contracts and increased their shorts by 4,995 contracts.

*The small specs reduced their longs by 2,746 contracts and decreased their shorts by 323 contracts.

Gold

*The large specs increased their long positions by 3,067 contracts and reduced their shorts by 27,626 contracts.

*The commercials reduced their longs by 4,138 contracts and increased their shorts by 25,570 contracts.

*The small specs reduced their shorts by 807 contracts and increased their shorts by 178 contracts.

Thanks for the quick response – especially on rare earths. Seems some of those penny stocks might be worth a roll of the dice, I really don’t know other than I did OK with REE back a few years ago when it was a couple of bucks – now I think its worth a few cents.

I’ll say this, I’d much rather buy pm or rare earth stocks right now instead of DOW or NASDAQ stocks. – Markets are way too crazy.

Thanks for those comebacks. I guess I started something with wind up mechanical cars. A highly advanced pedal car would REALLY be something. Everybody would get great exercise. Another dumb idea I had years ago, free exercise locations, with tread mills, that generate electricity straight into the electric grid.

Pack it all on a rocket ships, and send it straight to the sun. And thanks for the info @ 9:09

I would comment, but I don’t know anything about Mr. Zuker’s employee. Rare earth stocks were real high back around 2011. Here’s one, Lynas 10.9 cents. was $2.64 in 2011. You can add REMX for comparison.

http://www.google.com/finance?q=lyscf&ei=0C99WZCMFtaPjAHHkoHACA

REMX is probably a safer bet than Lynas. REMX was $111/ sh in 2011 $21 now.

http://www.google.com/finance?q=remx&ei=8i99WZihHMqgjAHrvJL4Dg

Rare eart Metals Photos:

http://www.theodoregray.com/PeriodicTable/Elements/RareEarthMetals/index.s7.html

Since China holds 80% of the market, if we had a major war wouldn’t we need some rare earth metals?

This fund has performed really well: REMX

https://finance.yahoo.com/quote/REMX?p=REMX

Since I am in the Nuclear / DOE business these days, there is an awful lot of innovation going on – like Small Modular Reactors. I’m sure Alex Valdor might have some insight. The biggest challenge of course is how to handle the spent fuel.

They are working on some outstanding projects to handle it.

Nuclear can work and work well if planned properly, another added resource other than oil and gas.

It’s Your Money But You Can’t Have It: EU Proposes Account Freezes To Halt Bank Runs

If there is a run on the bank, any bank in the EU, you better be among the first to get your money out

California Moves One Step Closer To Declaring Independence From US Government

“The initiative wouldn’t necessarily result in California exiting the country, but could allow the state to be a ‘fully functioning sovereign and autonomous nation’ within the U.S.’”

Facebook Employee Lives Out Of Car, Can’t Afford Housing

“On the outside, Parsha is a model Facebook worker, who runs a non-profit in her spare time. But she’s been living out of her car since April”

https://www.youtube.com/watch?v=HxKeCmTCDV4&sns=em

I’m reminded of the old joke about the immigrant that’s been told that America’s streets are paved with gold. On his first day upon arrival, he steps off the boat, and spots a twenty-dollar gold piece on the sidewalk. Instead of stooping over, and picking it up he says; to himself, “The hell with it, I don’t wanna work too hard on my first day. “

who’s suppose to protect it after the believers are dead? Crazy insane.

Look at what they have to come up with in NM, a public landmark that says STAY AWAY.

And am still a great fan of ‘passive’ nuclear power for electrical generation . Passive nuclear means that the fission reaction is shut down automatically in case of earthquake , attack , tsunami , runaway power surge , etc. , without human interaction , basically , making Chernobyl and Three Mile Island errors impossible. However , for automotive power it is not practical . Shielding the small reactor , and protecting the radioactive components in case of a massive collision would make a vehicle even heavier than these battery powered cars.
The problem I see with battery power is getting rid of the rather toxic metals after the batteries have reached end of life . It would be worse finding repositories for the radioactive fuel from millions of small automotive reactors . It is bad enough finding repositories for the spent fuel of nuclear generating stations ( Yucca Mountain has cost billions and will likely never be used ).
Westinghouse was developing a feasible nuclear rocket design back in the 60’s and 70’s ( AstroNuclear Division ) , but that was cancelled by international agreements not to put large radioactive packages into space . Otherwise , the Sun would be a great repository for nuclear waste IMHO.

http://video.foxnews.com/v/5525283144001/?#sp=show-clips

He had converted the four cylinder model A engine to run on hydrogen – not a huge feat , just needed to mount a hydrogen tank , make a throttle system to control the hydrogen feed , and probably adjust the ignition timing . His name was Billings , and his patent was picked up by some Japanese company a few years later . It was a great idea for mines running engines underground , and for forklifts in closed warehouses , as the exhaust was pure water vapor .
Billings became a multi-millionaire in his mid-20’s as a result , but ran onto rougher times soon afterward , if memory serves me correctly .

I spent a year in a small town in Switzerland ( Yverdon , Canton of Vaud ) in the early 1960’s . They had a bus service which ran about a 5 km. circuit around town . Just one small bus – maybe 20-25 passengers which had a charging station ( or maybe two , one at each terminus ?) where the flywheel would be spun up ( magnetically ?) with enough energy to complete the circuit , by parking over the charging pad – no wires . I am assuming the flywheel was mounted beneath the floor , horizontally , to avoid the gyroscopic effect when turning left and right . As I recall , it would spin up ( recharge the flywheel ) for about 15 minutes of each circuit .

Silent , clean , and fairly effective for that limited service .

“The Fed essentially conceded this week that there will be no rate hike in September and that is fully priced into Fed funds futures, which presently show 0% chance of a hike. However, the latest data is going to start chipping away at December rate hike and balance sheet normalization expectations. That probability has already eroded to some degree, from about a 50/50 proposition to 43.7%.

Core PCE — the Fed’s favored measure of inflation — slowed to 0.9% in Q2, versus 1.8% in Q1. Clearly the Fed can no longer dismiss slowing inflation as being “transitory.”

The closely watched by the Fed core PCE q/q rose 0.9% in 2Q after rising 1.8% prior quarter, suggesting lower for longer will persist indefinitely. — ZeroHedge

Monthly PCE for June comes out on Tuesday next week. Expectations remain for further evidence of weak inflation.

Minneapolis Fed dove and dissenter Neil Kashkari will speak later today. It will be interesting to hear what he has to say about inflation and policy normalization prospects for the rest of the year.

It appears the GOP is throwing in the towel on healthcare reform. This was the center piece of their entire agenda since the ACA was signed into law in 2010, suggesting the majority party is severely fractured. This has rather ominous implications for the broader Trump economic agenda. With a debt ceiling debate queued up for after the August recess, we may be in for some real fireworks.

Bottom line, political and economic uncertainty prevails. With gold still below the highs for the year, now is a great time to be building your edge ahead of cyclically strong fall months.  ”

http://www.usagold.com/dailyquotes.html

Maya, glad it was not you in the lava pit. Thought maybe you fell in yesterday while making a pot of that Volcano Coffee. 🙂

Now I figure that is as good, reliable, as any other ‘normal’ indicator for the price if gold. Maybe even better than most if you say it has been so for forty years! You have a chart of that Gold Tree? 🙂 Just kidding about the chart, but a good excuse to thank you for all the charts you post here.

If that bloom is accurate 8 out of ten years, it seems good enough to risk a few JNUG on. I have made trades on worse hunches than that. LOL

Crepe Myrtle are beautiful when in all their glory. Some neighbors trim them back every year, and some have let them grow and reach crazy heights with beautiful lakes of color against the blue skies. Take care of that tree, it may be the best indicator of gold we have in the world of skewered government stats.

Have a great weekend. With the shakeups in Washington, and the failure of Senate to get anything done, next week could get a little exciting in the markets. Another sign pointing to higher prices would be my guess.