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

Doubt a bounce yet, 1240 just went, same ole, same ole.

SM, Dollar Bid, PM’s sold….same game as ever.grrrrrrrrrrr!!!!!!!

For all we know it’s Elon and friends. When no one inventor will come forward, this is certainly suspect

Re matrix

Spot on….Two things occurred to me last night concerning BitCoin, v like yr post…First we know that the PtB are desperate to digitize/Kill cash, in order as u say to trace all payments and to allow deep negative rates….secondly the Futures were approved v fast, when no Crypto’s justified such approval. Bitcoin has damn all vol and is barely used in the real world, yet gets regulatory approval…..the PtB are far too keen for it to become a success…ergo it is their bastard child.

No-one knows or has met this Satoshi Nakamoto…

I am not a fan of Armstrong, but I read him from time to time.

https://www.silverdoctors.com/gold/gold-news/the-us-dollar-is-not-fiat-currency-although-the-dollar-was-fiat-when-it-was-backed-by-gold/

a couple comments

1. I liked that he brought up Britain’s Monetary policy as being one of the major causes of the Rev War.  This is very seldom mentioned.  The King didn’t like the Colonists using their own paper money much either.
2. Yes – he is right about fiat and floating exchange rates – in principal.    In reality he has to discuss the “Rig”.  Because the Rig negates, to the extent of it’s effectiveness, the Floating Exchange Rate.

“When you cut a check, or wire the money, or deposit the money, WHO gets the money? Where does it go?”

It’s a cash market between two individuals, or with an exchange.

Two Scenarios:

1.)  Dealing with an individual who offers to sell a bitcoin:  You pay him directly, as agreed, and send him an anonymized address that is generated by your wallet to receive a bitcoin.  The wallet then waits, listening for that address on the internet to come around, and seller sends a bitcoin to that address and into your wallet.

2.) Dealing with an exchange.  You pay the exchange.  The exchange either has it’s own stock of held bitcoins, or more commonly the exchange matches a buyer to a seller offering bitcoin at a certain price.  The seller must deposit bitcoins with the exchange and can only sell what they have in their own account.   The exchange facilitates the movement of money and bitcoins.   This is where the fraud takes place if you are not careful.

It is never wise to leave a lot of money or bitcoins with the exchange, as some have been hacked, and some are dishonest.

Bitcoin exchanges will not operate on margin, and it is not possible to ‘short sell’ a bitcoin that you do not have in your own wallet possession. The exchange operates on set fees, and may charge a fraction of a bitcoin for each transaction.

Just heard it on Bloomberg TV. At the same time the USA is tapering off of it’s green economy. I knew years ago that reversal would happen after the 2008 meltdown.

The entire environmental sector in my view was created decades ago in the USA to over ride manufacturing losses. Now, its FINALLY china’s turn. The global mass media will NEVER admit that environment jobs was a hoax, a job creation scheme.

They are also making some kind of adjustments to be less of an export economy, and more of an importer of consumer products, and sales and service economy like “THEY” did to the USA back in the 1970s.

It doesn’t matter WHO the president is. The world has a separate gov’t that makes global objectives and supersedes all local domestic governments. Out local politicians simply work around and adjust for global objectives, but they probably don’t even know that.

going to $100,000 no problem. Who’s gonna stop it?

But I do think Silver will be worth high net value some day after the stock market and bitcoin both roll over simultaneously

It’s a rocket and it has crypto ties…. i think he finally smashed these short sellers and he’s going to chew through their asses!

When you cut a check, or wire the money, or deposit the money, WHO gets the money? Where does it go?

and looks like someone decided to dump a couple billion.

Really hoping this ends after the Fed meeting Wednesday although “hope” has been gone for quite awhile.

” Shorting the futures will NOT influence the cash price of BTC in worldwide trading.”

Wish that were so for gold!

DAKAR, Dec 11 (Reuters) – Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa’s top copper producer.

The process of revising the 2002 mining code in Congo has dragged on for over five years but the National Assembly on Friday approved a bill that would increase taxes and royalties and sent it to the upper house Senate for a second vote.

The measure would also increase the state’s minimum unpaid share of new mining projects and require that Congolese investors hold at least 10 percent of shares in large-scale mines.

In a statement, several of Congo’s largest copper and gold mines, including projects operated by Swiss-based commodities giant Glencore and London-listed Randgold Resources , said investors would look elsewhere if the code were approved by the Senate and signed into law by the president.

more https://www.reuters.com/article/congo-mining/congo-mines-say-revised-code-threatens-industrys-future-idUSL8N1OB52A

Any fool that shorts the BTC futures will be handed his arse.  The futures are dollar-denominated and do not influence the cash market price of BTC worldwide.  You cannot take ‘delivery’ of BTC from the futures, and you cannot ‘naked short’ the actual bitcoins.  Shorting the futures will NOT influence the cash price of BTC in worldwide trading.

BITCOIN FUTURES STABILIZE AT 8% PREMIUM TO SPOT AS ‘NO BRAINER’ SHORTS FAIL TO APPEAR.

INTERACTIVE BROKERS ALLOWS LONG-ONLY BITCOIN FUTURES TRADING (AT 50% MARGIN)

TALEB WARNS FUTURES TRADERS “NO WAY TO ‘PROPERLY’ SHORT BITCOIN BUBBLE”    “CAN’T RULE OUT $100,000”

If anything will blow up, it will be the fiat Futures market… not actual BTC.  Great entertainment!  Popcorn, anyone?

I’m contemplating a prayer program to the “Olde Gods.” 🙂

Yep lots of juniors doing good … although it was better earlier.

They just can’t get enough of digital/paper wealth…

Stellar 3Y Auction: Highest Bid To Cover Since Sept 2015, Foreign Demand Surges

Unlike last month’s ugly 3Y auction, today’s just concluded sale of $24 billion in 3 year paper was stellar, stopping through the When Issued 1.934% by 0.2bps, a surge in buyside demand as the Bid to Cover jumped from 2.76 to 3.15, the highest since September 2015, while Indirect Bidders took down the most since August.

$17830.,up $2370. Crashed the system a couple of times. By any definition, this is a bubble. The slimeballs are on the sell side of the transactions and when they sense a little weakness, they will crash it and cash in. Bitcoin may be a medium of exchange but it is no store of value. It may go to $500,000. but it will crash and take all the little guys with it. Markets that go straight up may go very high in price but time is short and eventually runs out. I hope no one thinks the futures markets are to help the little guy. Bitcoin was listed so the vultures can drive it to zero. When the euphoria is gone, the vultures leave the roost!

rno

Yeah, my juniors are up a little.

Mixed bag and probably will be until the Fed raises rates on Wednesday.

After that it’s anyone’s guess.

Course in the meantime the SM keeps going up.

http://stockcharts.com/h-sc/ui?s=FSM&p=D&b=5&g=0&id=p84309572704

“Boys working hard to keep the HUI contained”

That sure looks like the case. Most PM shares but not the biggies are doing well today.