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

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Thursday, April 12, 2018

Bullshit Trap

Gamblers are eagerly anticipating the last source of liquidity being removed from the casino, with human history’s largest stop loss immediately below the market…

 

“in light of the resulting volatility and the precarious position of indices, this could be the most important earnings season in nearly a decade…

the run up to the highs earlier this year was because earnings estimates were being revised upwards across the board.”

“Despite all of that, however, the market has fallen dramatically, as traders and investors focus on future risks, rather than past performance and current economic fundamentals…the last two times forward P/E have declined this quickly were during the Greek debt crisis in 2010 and in the aftermath of Lehman Brothers’ bankruptcy in 2008”

 

“But they lived happily ever after, because this can’t be 2008 all over again”

 

In other words, the last source of casino liquidity – stock buybacks – are about to be suspended. 

Any questions?

http://ponziworld.blogspot.com

No reason to believe your mates might may be wrong.

Us goldbugs have been waiting for a “no quote” offering.

No  quote for the SM is  good for me – I just want to know what gold will be  worth.

Zero????

Today wasn’t bad at all for these 2 indexes considering-coulda been much worse…

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The XAU fell .93 to 82.76. The HUI lost 2.51 to 180.42, but held support at 180.

Medicare Plan G

Seems there is late day selling around, called Smart money by some, could well be right.

The trend is changing….Ewave says we are in a 5th of 5th etc, we see huge volatility, which is a classic sign of a top forming. The leaders are being taken out and shot…..nothing dramatic yet, but one day soon it all goes ape.

Two of my old trading mates reckon we could wake up to no quotes in loads of mkts one day soon…..and these guys have seen over 80 years between them…..such is the complacency…today was a classic…war……what war…..it’s a bull mkt…BTFD.

http://futures.tradingcharts.com/marketquotes/YM.html

I never buy on these kind of days because there is usually carry over selling the next day…that is usually the time to buy–even though there is no guarantee the selling has run its course–but given the geo-political and the domestic political situation I thunk it prudent to have some PM inventory in my empty cupboard…any other like-minded,  demented, individuals on this forum pick up some merchandise?

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Yeah, looks like I got the TZA calls too early as well. Failed to take into account the last hour ramp that occurs on a daily basis.

Looks like we’re also getting the last hour beatdown in pm’s right on schedule.

Craziness.

re something else

I bought Oil tdy and got too early, plus went long rates on Bonds, as they look to have another run in them.

All makes perfect sense to me.

I see no reason for the SM not to explode higher today.

ZH snuck in an article about rising rates blowing up our deficits and debt. I wonder if that will ever matter to gold?

Just another day in a world gone nuts.

What the hell, just bought some TZA calls that expire next week. We’ll see if todays melt up turns into a meltdown the next few days. Try something besides pm’s.

For the last 19 hrs gold bar chart has had 3 up bars and they were minimal….they sure are in full attack mode.

http://schrts.co/MWpjG7

Re 8 sites

Well that makes plenty of sense, that PM’s should be hit ALL day and the SM/Dow 330 up and counting…what chance has WW III got of ending the bull mkt, clearly none.

If there is anyone left on the planet to write up the history of these times, they won’t know which section to put the book in, fiction or comedy, no one would believe it if it was in history.

Maddog – CNBS reporting that Trump is going to target 8 sites in Syria. All he has to do now is tell them which sites on what day and time. Really weird.

That being said, even though the metals can’t get off the floor the shares seem to have caught a little air.

R640 – yeah they’ve got the metals pinned down, USD doesn’t matter when they’ve made up their minds to smack the metals.

not everything is working for the scum, here at all.

after a big up day and a big reversal like today, I can’t remember seeing an intra-day recovery…but I may dabble in some april 20 $14.50 JNUG calls near the close today–also tomorrow is Friday and weekend worries might put a bid into gold—-also the $ may be down–probably not much–overnite which might then allow for a recovery tomorrow…I’ll have to see how the rest of the session unfolds and what the stock mkt does too…

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DYOD-IMHO-get a note from Mom saying it’s OK etc.etc

The USD is drifting towards flat after moving up hard this am

PM’s haven’t recovered a dime as the USD starts to selloff

Gold_Titan – I have a hard time seeing things change too.

This has been going for a long time now , I don’t think it will ever stop , the commercials just set a band and trade the hell out of it, just skinning  gold bugs and small traders, while Dow to the moon.

GT