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

Trump To Rollback Deepwater Horizon Regulations

According to the Wall Street Journal, the Bureau of Safety and Environmental Enforcement (BSEE), which is the agency housed in the Interior Department that regulates offshore oil drilling, is proposing a rollback of a series of changes made after the 2010 disaster.

BSEE says that the cuts will save the oil industry $900 million over ten years. The proposal has not been made public, but the WSJ reports that some of the changes include easing rules that require the streaming of real-time data of oil production operations to facilities onshore, which allows regulators to see what is going on. Another rule that would be removed requires third-party inspectors of equipment, such as the blowout preventer, to receive certification by BSEE.

more http://www.zerohedge.com/news/2017-12-27/trump-rollback-deepwater-horizon-regulations

Obviously “Managed Money” (blue line; Hedgefunds and Family Offices?) has built up an almost record short position, right until Silver hit 16.50 $ from the downside.

I like the COT data chart from this source:

https://www.barchart.com/futures/commitment-of-traders

for it shows “disaggragated data” in the lower chart, where swap dealers are shown as a separate category (green line). They seem to have the strongest correlation to highs and lows.

And you can choose up to 20 yrs. chart duration.

GL

you could be right and there is just some short covering in silver before the year ends in the futures market. Maybe after the 1st we’ll see silver have a little pull back I’m not sure.

I do think the shares are being sold today for tax loss, but I’m not sure about that either.

Hey @buygold,

looks like shorts unwinding?

@treefrog

PMs coming close to resistance zones, technically. Buying panic in the shares is ceasing. What if the short squeeze goes on for another little while?

Maybe a move down in Jan., a fine opportunity to pick up mining shares? Even sold some physical ounces to raise money for this.

Cheers, GL

miners moving down.  gotta be some tax-loss b.s. still going on.

Definitely can’t go broke taking a profit. Good luck on the $16’s

I’m hoping we get one of those “light your hair on fire” rallies to start the New Year, I’d expect silver to outperform based on the COT Reports (if they’re real).

Thanks for your input. I sold 2/3 and bought Jan 19 16.00 calls

I’d probably sell them. Course, there’s a lot of money to be made doing the opposite of what I do. 🙂

There’s still a couple more days for anyone looking at tax loss selling. There are a lot of candidates for that in the pm share arena – probably SLV too. OTOH, silver seems pretty resilient right now.

Ye olde monkeywrench!

Christmas Story

These are the long, dark hours when cis-hetero white patriarchs sit by the hearth chewing over their regrets for the fading year and expectations for the year waiting to be born. I confess, I like Christmas a lot, Hebrew that I am, perhaps the musical and sensual trappings more than the virgin birth business. Something in my mixed Teutonic blood stirs to the paganism of blazing Yule logs, fragrant fir trees, rousing carols, and snow on snow on snow. I hope we can keep these hearty ceremonies… that they are not banished to the same puritanical limbo where the Prairie Home Companion archives were sent to rot.

One surviving old chestnut of the season is the 1946 movie, It’s a Wonderful Life, a movie so thick with gooey holiday sentiment, it’s like bathing in egg nog. It’s larded with messages of good-will-to-all-mankind, of course, but some of the less obvious themes — almost certainly unintended — tell the more interesting story about where America has come from in recent history and where it went. One thing for sure: every year that goes by, the America of It’s a Wonderful Life seems utterly unlike the sordid circus we live in now.

cont. http://kunstler.com/clusterfuck-nation/christmas-story/

water in b.c. – southeastern b.c. say south and east of camloops – is sagebrush country.  that doesn’t seem to be the case here.  google earth shows lakes and rivers around mt milligan.  i suspect there’s a shortage of government approved water rather than a shortage of water.

Centerra Gold Provides Operations Update

https://ceo.ca/@nasdaq/centerra-gold-provides-operations-update

I have a couple of Dec 19 15.50 options. I would appreciate any suggestions on how to handle that this week.
My first time doing this.
Shoukd I sell to close this morning?
Don’t worry about giving advice….I shoukd make a little bit no matter what.

re Soros

I 2nd Goldielocks……A he doesn’t have a heart and B, apparently the Devil has been heard to say, he doesn’t want him stinking the joint up either….

This song about sums up your observations since Macroman is on a break.

Even the world’s smallest Gold Train is crowded!
http://www.railpictures.net/photo/639259/

Yes the tax cuts won’t help the corporations. The tax cuts will help the US gov’t pay its bills, and help the US taxpayer support the gov’t, big business and the economy. They moved off shore to avoid US taxes and Labor prices. The tax cuts are to make them abandon China et al and relocate their facilities back here.

Yes it will help small corporations because, the ones that barely survived here with a 35% then a 20% tax is helps.

Re the grand prize is if the gov’t can get the money back? That’s just a skimpy media explanation for public consumption. Think about it. The media is implying there are $trillion bank accounts sitting over seas, and they want to move those bank accounts back here? What good is that? It makes no sense.

What they really mean is they will sell or abandon their over seas infrastructure or buildings, and rebuild their production facilities here. As for the effect on the lower tax effect on the US economy? They may have waited too long and or too gradual a transition or transformation. That would be deflationary if the economy stars slowing down again with their foot on the gas.

They started this transition very slowly after the ’08 crash during Obama and Trump had nothing to do with it. Getting Trump and his words or rhetoric involved is mostly for a psychological effect, and to speed up the process.

By the way, “China” announced they are clamping down pollution, targeting the Copper industry, that why Copper is doing well. Less supply. Its all in reverse. China’s turn to cannibalize themselves with make believe non productive gov’t and environmental jobs. Chin is also being modified to be an import economy. Meanwhile the Chinese president also has nothing to do with how their country gets changed.

Who needs who more? Sales and Service needs products to sell and service. Products don’t really need, can live without sales and service. Just go factory direct and throw it away if it breaks.

We buy from “China”, it brakes, we throw it away. When we made everything here? And our stuff was expensive? It was worth fixing locally. Many fix it jobs, even in peoples back yards, called cottage industry.

Business “startups”? I’ve seen many in the ’70s. From ’45 to ’75 minimum wage had a lot more buying power. Skilled folks earned far more than they needed, and built up savings accounts.

Later on they QUIT their job, took their skill with them, that they learned on that job, and started their own start up. 🙂 And competed with their old boss.

Well I sure hope that Snopes is again guilty of altering the truth so it fits TPTB agendas. Truth or lie it has to come sooner or later. Hope your holiday season is all you hoped for, and all the best to you and all here at the Oasis for a very healthy, happy, and prosperous New Year, especially from Silverngold!

Unfortunately it’s false news originating form click bait site according to snoopes.

https://youtu.be/Rhy2GtW7m-Y

big blocks in GDX, GDXJ at the close. Bullish or bearish is anyone’s guess.

That corporate tax cut probably won’t help most large corps. I’m sure as you already know most these corps like GE haven’t paid taxes (or very little) in a long time, maybe a decade. It will help small businesses though, especially the Sub-S corps that have been crushed for years by the gov’t and the large corps. The grand prize is if the gov’t can get the money back that has been parked overseas by the large corps. Whether they’ll put it back into our economy is anyone’s guess.

They may be over estimating the effect on the economy, I don’t know. I do believe it will be inflationary though.

Farmboy – JMHO but I think silver is about to have one of those 10% moves higher in less than a month.

The 35% tax rate was literally a gun to the head of US domestic manufacturing businesses, “told” we are going to tax the shit out of you. So you had better move your manufacturing operations over seas where we made it 20% to help pay your moving expenses.

The new 20% here, and they’ll probably make it a new 35% for over seas, and the reversal of global wealth proceeds back to the USA.

Why is Trump and the Media not explaining the 20% versus 35% tax situation like I just did? Because that would be confirming or admitting we have a global socialist gov’t deciding who gets “welfare” and who pays the global wealth tax.

We paid, 1975 to 2008, now were broke, they know it, and now they have to pay.