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

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It is my opinion, the Saudis are now triggering a move to accept yuan for oil. Those arrested can be seen as players “with” the deep state and aligned with “Hillary’s crew” for a lack of better term. Alwaleed is a major shareholder of Citi and Twitter, a Trump basher and financial supporter of Hillary’s campaign. A look at the others arrested show long time support of “the U.S.” and the petrodollar. One might think Prince Salman undertook these arrests with a “lean” toward the West, based on who was arrested I highly doubt it but we will soon see. Remember, Prince Salman has recently met with both Mr. Xi and Mr. Putin. Saudi Arabia also announced the purchases of S400 weapons from Russia (I asked at the time if this was not a very bad sign for Saudi Arabia’s allegiance to the West?).

more https://www.jsmineset.com/

MANILA (Reuters) – The Philippines has started upgrading military facilities on the biggest features it occupies in the disputed South China Sea, its defense secretary said on Tuesday, asserting Manila’s claims in the strategic waterway.

“While construction is ongoing, albeit intermittently, depending on good weather, we expect its completion by early 2018,” Lorenzana said, adding the monsoon rains have been hampering the building of the beach ramp.

“No construction can proceed without a good beaching ramp.”

China claims almost the entire South China Sea, but Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims on the waterway where more than $3 trillion worth of sea-borne goods pass every year.

Recent satellite imagery has shown Chinese vessels gathering around Thitu, in what some experts say could be an attempt to deter the Philippines from cementing its claim. China’s ambassador has played that down, insisting his country has no ill intent.

http://www.reuters.com/article/us-southchinasea-philippines/philippines-starts-construction-near-chinas-manmade-islands-in-disputed-waters-idUSKBN1D71F2

Yup panic over, all safely contained, so as u say we will have new record Hi’s, probably all day in the SM and for the rest of eternity….

as the Meerkat says…..Simples !!!!!

TORONTO, ONTARIO–(Marketwired – Nov. 7, 2017) – Centerra Gold Inc. (“Centerra” or the “Company”) (TSX:CG) and AuRico Metals Inc. (“AuRico Metals”) (TSX:AMI) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) whereby Centerra will acquire all of the issued and outstanding common shares of AuRico Metals (the “Arrangement”) for C$1.80 in cash consideration per share (the “Purchase Price”), representing an aggregate transaction value of C$310 million.

The Purchase Price represents a 38% premium to the closing price of AuRico Metals’ common shares on the Toronto Stock Exchange (“TSX”) on November 6, 2017 and a premium of 37% to the 20-day volume weighted average price (“VWAP”) as of such date.

http://www.marketwired.com/press-release/centerra-gold-announces-friendly-acquisition-of-aurico-metals-tsx-cg-2239682.htm

Good post.

I think if that $1050 possibility is reached then it won’t be capitulation so much as annihilation.

I tend to think that the SM is going to roll over long before that and the money spigots will be opened once again with all and sundry aware of what that means.

Cheers

Thanks for posting! IMHO;’I think this is a great article and explains a lot. Even Trump coming out this morning and saying, “we’re making progress” ( talks with Korea). The US$ is under threat of being the world’s reserve currency and that’s what’s keeping all of us in FANTASYLAND!

Is Korea Just A Smokescreen?

“Looking at the bigger picture, it seems more likely that the entire Korean issue is a smokescreen designed to provide cover for a military buildup intended to intimidate or even force China to abandon its challenge to the U.S. dollar. However, China is not Iraq or Libya. It is a major nuclear power.”

Farmboy – yeah, I think I would have been filled if I hadn’t entered the order as “all or none” my bad, but I’ve also experienced when I’ve entered a limit order and they’ve filled a small portion while hitting me for the full commission. Can’t win against the scum and that includes your own brokers I guess.

Have to think about doubling down if those calls get back to $.19, which they might today.

Silver will need some help from the oil market.

Maddog – the whole world is a mess but the DOW should still hit all-time, lifetime highs today.

Disaster’ for the Establishment: Merkel Government Coalition Talks in Disarray, Snap Election Looms

http://www.breitbart.com/london/2017/11/07/merkel-failing-coalition-trigger-snap-election/

This cnfms what I hear from a mate…Merkel is not the Queen she was, after the recent election. Putting a government together is nigh on impossible and if she can’t, she may well get booted.

Tks to the Rig the mkts are not pricing, zero leadership in the EU….Macron being a typical short arse Frog, thinks he will be the new Napolean….but hasn’t clocked that everyone thinks he is a joke.

So the EU is facing all it’s well known risks, with no major political figure in charge…..just soaks and numptys.

Numpty is Scottish slang for idiots, fools etc.

http://www.zerohedge.com/news/2017-11-06/italy-target2-imbalance-hits-record-%E2%82%AC4325-billion-dwindling-trust-banks-plunges

Sans Rig the mkts would have torn Draghi apart….

this reply gets to the point

But in an addition to your balance in a dutch bank account — the Dutch central bank was forced to lend an equivalent amount back to the Spanish central bank to prevent concentrations of money from developing in certain parts of the eurozone.

That 150.000€ you sold your hacienda is not only 150.000€ in your Dutch bank account but also now exists as an Accounts Receivable on the Dutch Central Bank’s balance sheet and an Accounts Payable on the Spanish central bank’s balance sheet.

What happens if Spain leaves the Eurozone and tells everyone with open target2 balances to go sodomize themselves? Well the Dutch central bank has to completely write off any accounts receivables from Spain to the Netherlands and the Dutch central bank goes insolvent immediately. Who recaps that and with what funds?

Target2 being labeled as “sustainable” is pure bullshit and is only remotely accurate so long as no debtor nation leaves. As soon as a debtor nation leaves, well its game over for the whole thing.

The EMZ is more like a collective financial suicide pact than it is a currency zone.

But lets all get around and sing the EU “National” anthem, and the premise it bases all policy on: Its a Small World After All

Hi guys,

i´ve been looking at the charts to determine entry points for speculative mining stocks.

While generally the POG in USD and in EURos is above support (see earlier charts), and the POG could go up in a straight manner from here, something tells me maybe it is not yet the time.

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Generally I´d expect a next upward thrust for the POG to around 15xx USD (into horizontal resistance) and likewise to the old EURo high, i.e. to the channel top, thereby forming a double top – like formation. Or so.

I show these charts again, to get the picture:

The question is, what happens before any substantial upward move, to get things properly aligned? Something possibly is not yet right.

For one, look at the gradually declining volume of the royalties while making a new high (FNV). RGLD is a similar story in that respect.

So, while the high general price level in royaltiy companies tells me that the market does NOT expect substantially lower prices (=royalties) over a prolonged period, this ATH in FNV does not yet look sustainable.

And for the micros? You can buy many of them at favorable prices, compared to the whole bullmarket since 200x. But very often they are in decline, with convincing chart support still not really in sight. Like this one below for example, (while it is not REALLY far from its 2013-2015 lows. Some others look much scarier in that respect).

In other words, cheering the 2016 rallye in the micros was perhaps too early. I wonder if a necessary capitulation move for this 6-year correction is still missing, before we can get on board with high confindence, against all despair that will be in the air after many have been whipsawed.

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Now that low volume buying has driven some quality gold stocks quite high… and some small caps are gaining very well on good days like yesterday… sending signs of optimism, shortly after many were screaming like they wanted to commit suicide… I´d say: this new optimism must be driven out!

Like eeos stated: “they’ll fake everyone in the PM casino into thinking we’re headed into the basement”.

Looking at the POG shorter term (althoug yesterday´s candle is missing) makes me contemplate: What would do the trick, and still give us confidence?

As a conclusion of this chart, falling back to 1200 USD – back into the small triangle and right down to double support, could achieve that. Or maybe right down to the 2016 low @1050, and in extreme even a little lower, to scare even the most brave.

With any pullback of such kind in the POG, I will be looking for signs of capitulation in the PM mining stocks. Like pullback to strong support, maybe on high volume, in the royalties. And some more substantial pullback in the speculative micros – down to meaningful support which is an individual matter for each price chart.

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Not sure if the indicated trading volume in the last chart can be trusted and is meaningful. Maybe the trading volume in Futures is much more important?

Speaking of volume and assuming the histograms are correct and meaningful, I am aware of high volume in $gold through the last three weeks , accompanied by red weekly candles, while the price decline was not too large. So there are some factors as well, that could be interpreted in positive ways.

Buying stocks when they break overhead resistance in the right manner, might be the appropriate strategy in case of an immediate strong rise in the POG.

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Just my ideas. DYODD, as always.

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Please tell me what I´ve overlooked, or what your analysis is, based on charts if possible. Any comments will be appreciated. Always trying to learn, and committed to do better in the future, rather than buy-and-hold stocks finally going nowhere.

Expect to see new record Hi’s all round on SM tdy, plus Dollar well bid already…..with PM’s back under the cosh….only Oil hasn’t quite got the message so far, but u can bet the scum are working on it…or was a higher oil price part of the deal.

Basic TA and E wave say much higher Oil prices are comming, as we have upside breakout from large base/Inverted H&S.

Lets see if the scum ‘allow’ that to happen.

The Santa Fe trail, in the 1960s
http://railpictures.net/photo/637036/