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

Remember the old Gold Eagle days? We had a big private, uncontrolled speculative bull market in Uranium. Then the “news” mentioned they are going to put Uranium on the futures market.

I immediately posted my prediction, that Uranium prices would be controlled and go lower, and it happened. In my opinion, the futures market is a governor on commodities.

People love to bet and gamble, and with no outside control, the price can go to totally ridiculous heights. If the bean counters (commodity governors) are not happy with the price of something? They just call J P Morgan or Goldman and tell them which way to bet.

Evidently this bit coin thing is private separate, and wild totally unregulated by outsiders, a betting frenzy, can create prices that have no reason or logic. Tulip mania I guess was like that.

Re Gold, even with the “governor” attached to the price, Gold still a respectable price  pushing $1,300.  Imaging no control? My guess? $2100/oz minimum. Using a factor of 15 times for inflation, and the black market price of $140/oz around ’71-’75.

Before we were allowed to own it, 1975, our fake US Gov’t was giving our gold away to foreign nations at $34/oz, when it was trading privately at $140.

you know nothing, you know more than you think you know.

Interactive Brokers chairman Thomas Peterffy, who took out a full page ad in The Wall Street Journal to warn about bitcoin, insists he doesn’t hate the cryptocurrency.

Peterffy insists he doesn’t actually oppose trading the cryptocurrency. He just thinks it needs to stay far away from the “real economy.”

“Bitcoin has risen by 1,000 percent over the last year. It went from 700 to 7,000 — there is nothing to say it wouldn’t go to 70,0000,” Peterffy said.

https://www.cnbc.com/2017/11/15/thomas-peterffy-keep-bitcoin-away-from-the-real-economy.html

Is it me or is it that information comes and goes so quickly that nothing sticks?

I would think that the Saudi situation, the pending Israel attack on Lebanon, North Korea, etc. would continue to be big stories – and yet we are consumed with Roy Moore in Alabama at the moment.

Regardless of the information, nothing matters to these markets and certainly there is nothing that is pm positive.

The older I get, the less I understand.

China’s scrap ban roils U.S. recycling markets, and that could be a good thing

WASHINGTON —

Remember when American consumers griped about the quality of Chinese goods? Now it’s China’s turn. Beijing is fed up with the quality of a key U.S. export — scrap paper and plastics — and it is flexing its market muscle to do something about it.

By the start of next year, China is expected to ban imports of 24 types of recycled materials, including mixed paper and various plastics. Beijing notified the World Trade Organization about the ban in July, an announcement that has shaken up world recycling markets and triggered fears of leftover scrap being dumped in U.S. landfills.

But there may be an upside to the import ban, which Beijing has dubbed “China National Sword 2017.” It could prompt U.S. consumers to be more careful about what they discard in recycling bins, reducing the “contamination” that is triggering China’s ire. It also could benefit some U.S. companies by providing them with a new, low-cost supply of scrap paper, which can be used domestically to make cardboard and other products.

more http://www.mcclatchydc.com/news/nation-world/national/article184415783.html

The lack of volatility in financial markets portends drastic levels of volatility as the perception markets can’t fall has lured Wall Street 30 something MBAs and the investor class into a sense of invincibility.

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Mother of All Bubbles Too Big to Pop – Peter Schiff

By Greg Hunter On November 15, 2017 In Market Analysis

By Greg Hunter’s USAWatchdog.com

Money manager Peter Schiff correctly predicted the financial meltdown in 2008. Now, 10 years later, what does Schiff see today? Schiff says, “I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed. The real crash I wrote about in my most recent book is still coming. . . . This is the third gigantic bubble that the Fed has inflated, and when this one pops, it’s not going to be ‘the third time is a charm.’ It’s going to be ‘three strikes and you’re out.’ I think this bubble is too big to pop. I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we can’t kick the can down the road anymore.”

Join Greg Hunter as he goes One-on-One with money manager and financial expert Peter Schiff, founder of Euro Pacific Capital.

Video Link

https://usawatchdog.com/mother-of-all-bubbles-too-big- to-pop-peter-schiff/

-END-

As I sorta expected, Ammonium Nitrate fertilizer does not appear to be available anywhere in the state.  After various feed, fertilizer, and garden stores, I checked with the largest Agribusiness supplier in the state.  They don’t carry it.  I’m betting there are shipping restrictions about getting it out here to the islands, too.     Security paranoia about the ‘other things’ it can be used for.

I’ve taken to ordering a couple cases of ‘Instant Cold Paks’ that use the stuff.  I suppose if I order too many of those I will get a visit, too.  🙁

People need to go to ****ing prison for this.  NOW.

Yes, including Gloria Allred.  The yearbook is an obvious forgery and she peddled it on national television; that needs to be good for disbarment and prosecution.

https://market-ticker.org/akcs-www?post=232578

President Trump speech returning from Asia. Comes from the fake new channel where you can see the tout of special interest and indifferent negative statements. Excellent speech, a adult in the room after decades of FAILURE to protect and promote the interest of the American people and American worker.

Like everything else they do, will they now sell groceries at a loss? I thought there were laws against price fixing.

http://www.zerohedge.com/news/2017-11-15/amazon-says-its-almost-ready-get-1000s-grocery-store-cashiers-fired

No reason to sell now, but some of my plays are headed to the big fat zero. A tax write off. And when comparing the commodities to tech, the PM’s have sucked big HUGE

Do I hear a hardcore goldbug capitulate?

Please don´t take it personally, I don´t mean it offending in any way.

Just watching the PM crowd´s psychology… my own included… frustration, even thoughts of chasing BTC or techs… sell everything PM and do something completely different… anything that makes happier…

Is there a bottom to this nightmare anywhere?

Janet is apparently inconsolable ….

I don’t think so. And this is why I’ve cooled my jets on Gold and Silver. I’d rather be in the the tech stocks chasing bigger bubbles. But instead I’ve been in trading jail with a stable of bad horses.

Same with not chasing the housing boom out here. A HUGE miss on my part. And look let me just tell you right now, if housing or the stock markets pop, well everyone’s going down. So it doesn’t matter what happens at the exact moment. It’s just game over.

an unheard of artists painting sells for $110M

the fed does nothing

a diamond sells for $34M

the fed does nothing

a van gogh sells for $80M+

the fed does nothing

bitcoin tops $140B notional market cap

the fed does nothing.

do you really think the fed is ever going to allow “the market” to crash?

fixed…lol

Roger that. Agreed. Crazy world. As for…yesterday another shooting–at a school? Too many disgruntled people, resulting from an entire generation going backwards financially and too many people on anti depressant medication. The gov’t media is also part of the blame with all the politically correct education.

and u make an excellent point–around the world today-including the u.s.–what we have is a vast socialist-welfare state side by side with capitailsm…all floating on a sea of debt. This is a new world and it is evolving in a way that is hostile to a humane, satisfying way of life–what with artificial intelligence–robot cars-robots zooming about in factories and wharehouses

yesterday another shooting–at a school–4 dead–it was barely covered in the news–they are almost daily occurences–all shootings involve psych drugs–and reflect the nihilism in our culture.

Take a look at pot stock BLOZF, +300% in 7 days. As for part…

“the fall of communism/socialism and the recognition of capitalsm…”

I don’t buy that at all. My view is 2008 was the fall of global socialism. The global community drained away so much US wealth, it culminated it no doc liar loans and a crash.

PS The US is allies with communist Russia and Communist China. What does THAT tell ya? But wanted to stop communism in Vietnam, and busted Cub’s balls for decades. Lately its communist N. Korea who they are picking on.

The global communist community obviously does not like independent communist countries. Like the drug gangs. They practically force kids to join.

sell-off is nothing–and, %-wise, that’s true. They ALL say they would like to see a 5% or 10% correction and then they would buy with both hands–wouldn’t the surprise be—that with all these H-omens, that the mkt really crashed and didn’t bounce back right away? The much ridiculed H-omen! What if it worked this time? Ha! The Classic “the wolf really is at the door”—the boy who cried wolf  story. 

This long bull market has the bulls in a state of dangerous complacency–they are caught: hook, line and sinker…

The whole rationale for stocks since the fall of the Berlin wall  until today, is the fall of communism/socialism and the recognition of capitalsm…with the potential billions of new middle class consumers–all that is true–the possiblities seem unlimited…but along the way to consumer nirvana there will be pauses and even crashes…I am surprised that the mkt hasn’t been able to stage one of its usual “what me worry”/BTFD rallies–the past 5 days have been the mirror image of the last yrs rally…no one wants to put on any shorts for fear of that-out of nowhere–rip your face off rally.

Gold’s now down-I just checked the $-it’s still down too…

just like every other day

took exactly 22 minutes for silver gains to evaporate

Agree with everything you said.

Looks to me like they might even take silver negative before the day ends.

Clearly, pm’s are just too important to let rise.