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

paraphrasing :

I really like the metals/miners……..
( eventually )
….I expect to make more from them than from puts and shorts .

R640 – hoping we found a bottom

Goldie – Listen to Dent on a call in with Cavuto of FOX this afternoon, says DOW is going to 16K, said to go in long bonds for protection – WHAT???

No mention of gold from him, I think he’s nuts. JMHO

Found this video on Dent as he was bearish on PMs bullish dollar which has been on the down trend till now to see if I was hearing things about Gold cuz he got cut off. He’s bear on Gold talking lows even lower than Armstrong. Long on catrosphys like treasury bonds although Aaa companies might be okay if we have a continued downtrend.

100 million shares traded in GDX

Avg. Volume 37 million

10 yr now again over 2.85%

Too many crosscurrents, none of them make sense…

I bought some JNUG at 11.65 and just sold in the AH for 12.77

Big time short covering going on in JNUG and NUGT in the AH

Wondering if today was capitulation, guess we find out Sunday night.

I chicken shi**ed out and am now kicking myself…LOL But I’m glad at least someone is making a few shekels…

Too bad these institutions don’t do that with the PMs. They aren’t noticed so if they get manipulated or slaughtered they figure no one notices unlike millions holding in 401Ks I bet same thing happened on the way down triggering trailing stops made on the way up to sell or at some percentage. Now the top has a gap to fill on the way back up when ever that may be established.

Harry Dent called late Jan early Feb listen to him for what it’s worth. If major top it’s going down 40 % They asked what do you sell he said yes. That money will go in safe havens like treasurys Aaa stocks waiting it out AND Gold. Maybe it will be a sea saw GBs turn. That is a if. He said it could rally next week or not but if is does best to sell into it.
FWIW.

ha-ha – i was just going to post the same thing.  you beat me to it.

It is so obvious that this whole market is a contrived bunch of garbage.

Mucho mejor …tant mieux…much better , but still under water for my IRA – by a long shot .

JNUG  64 cents off the low…

Looking better but lots of work to do.

http://www.cftc.gov/dea/futures/deacmxlf.htm

Look at the 10 and 5 year Bonds and the 2 year note. If you suspect they look like they are sporting bottom formations? Then it means rates will go DOWN, opposite the climb.

I have a suspicion the PTB thought the economy would be slowing and they raised the rates only so they have room to DROP them as the slowing get obvious to the public.

Chart, Bonds: https://finviz.com/futures_charts.ashx?t=BONDS&p=d1

It was touched and all the programs licked in and ran stocks up 500 pts–if stocks roll over and take it out today or monday…then another leg down in stocks could happen…

FYI, I went to two different strip malls yesterday. One for rolls and bagels, the other last night to pick up a pizza pie. Also went into a huge Target store. All parking lots and stores were extremely empty. It made me wonder if the falling stocks had something to do with it.

Also auto sales falling a couple of months now as per car dealer friend.

I just wrote a more detailed message but my phone died and it was deleted. Interesting observation. If it gets that low maybe time to load the boat if it doesn’t take years. Hope people don’t trade on emotion like they did on the way up on expectations it goes lower.

part of story

“During a speech in Wheeling, West Virginia, Senator Joseph McCarthy (Republican-Wisconsin) claims that he has a list with the names of over 200 members of the Department of State that are “known communists.” The speech vaulted McCarthy to national prominence and sparked a nationwide hysteria about subversives in the American government.”

“To be sure, McCarthy was not the first to incite anxiety about subversive communists. Congress had already investigated Hollywood for its supposed communist influences, and former State Department employee Alger Hiss was convicted of perjury in January 1950 for testimony dealing with accusations that he spied for the Soviet Union during the 1930s. But McCarthy went a step further, claiming that the U.S. government, and the Department of State in particular, knew that communists were working in their midst.”

Well it took him all week….. I guess we can expect a bounce upwards now that he’s short.  Just enough to scare him out of the market before it collapses big time.

Maybe I should ring a bell here.  I think the top for the SM is in.  This isn’t the big crash, though.  This is just the first fracture.  There will be a bounce.  I expect the big slide around March 22.  Crashes frequently happen around 55 days after the top.

It’s nice to be a detached observer.  I hold no paper and no debt.  I hold physical.  Let the bonfire burn!

the beatings will continue until morale improves.