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

BAC has got the mother of all sell signals going. a close below $28.50 may signal a long decline.

rno

Gee…I wonder.

Time to load the boat again for the next options expiry right?

And not only do we have COMEX to play with, but there’s also all those ETF’s as well.

Surely this won’t happen again next month.

So load the boat, back up the truck, to the moon.

No…really…the bankers don’t have those computers programmed to exploit stupid electronic precious metal speculators…really… to the moon…load the boat.

Chuckle

The problem is that they can still slam the price at every OpEx – which means we’ve gotten nowhere.

I guess it’s tradable, Farmboy seemed to be able to do it. I don’t know.

Just as easy to say “sell every two or three day rally.”  I don’t know that either, but being long for more than five minutes sucks.

I just stumbled on a movie called “Trumbo”.

“In 1947, Dalton Trumbo (Academy Award Nominee Bryan Cranston) was Hollywood’s top screenwriter until he and other artists were jailed and blacklisted for their political beliefs. TRUMBO (directed by Jay Roach) recounts how Dalton used words and wit to win two Academy Awards and expose the absurdity and injustice of the blacklist, which entangled everyone from gossip columnist Hedda Hopper (Helen Mirren) to John Wayne, Kirk Douglas and Otto Preminger. .”

Comment:

At the beginning of the movie was a statement, something about after WW II and the alliance with USSR, and many Americans joining the Communist party in the USA.

Now, we all know about Hollywood, but why would TPTB’s movie industry come up with a new “message movie” NOW??? Are the shadow communists afraid of the future, losing power and want to re-play how they were “discriminated” against and won?

Or, do they or some other group, think the past was a mistake, siding with the global communists propaganda and it went too far and has to be reversed? Their past creation of globalization (socialism, global) and the resulting crash of the US economy in 2008?

And what about all the neurotic people the left has caused, and all these nut job mass killings going on??

So the question is….Why was a message movie like this created? To secure and maintain their past media influence? Or are the new master plans going to re-program peoples brains  against the past.

Try to imagine an anti left, pro right, gun loving, patriotic, conservative right, movie industry. 🙂 And no more manipulation of Gold Silver and currency exchange rates.

I am not so much worried about naked shorts on the metals, when I’m holding physical, as in the long run the true price will assert itself – assuming I live that long. ?

What concerns me is the mining shares. If these shorts are not covered, and sometime in the future we find that our favorite miner actually has far more shares than indicated, that would just kill the share price. ☹️

True. They have done very well.

It sure does…watching Aussie/Dlr here and it is not being allowed to counter react barely a pip for last 3 days….that’s some power.

These mkts need some friends…like Oil has, that is bouncing nicely, where as the PM’s, just straight down.

you know this stuff better than I do. Whatever they do it works like a charm

Wow that sounds like some bad management!

I don’t know a lot about them but I’m impressed that they’ve made some profits lately … even working under the extreme disadvantages of their location. That’s quite a feat!

Cheers

https://www.zerohedge.com/news/2018-04-23/ecb-capitulates-defusing-eurozones-1-trillion-ticking-time-bomb

Noises from the Buba graveyard suggest the spinning has gone well beyond Warp speed.

Caledonia has the same coo as Great Basin had. He never owned a share of stock in any company he is involved. He used PVC pipe in the mine in South Africa it broke and flooded the mine. They spent almost a billion dollars and got nothing for it. He has done OK with Caledonia but the main guy on the ground is from Zimbabwe and has been in charge of the mine for many years. I own some stock but do not like the sound of expanding with dilution to existing shareholders with the current COO. Why would you invest with anyone who at the first opportunity sells his options, dilutes equity and shows no confidence in what he is doing? It scares the shit out of me.
Buying the government interest of 16% would make sense giving controlling interest to Caledonia while funding the current expansion out of existing cash flow. Every $100 increase in the price of gold brings 50 cents per share to the bottom line.

We could argue this one back and forth for ages and until someone ‘opens’ the scums books, we will never know. Fwiw I am in the camp they never cover shorts, to any serious degree, as the selling is just so constant and large, there is no way they can cover back, without massive rallies.

Same as I do not believe JPM have a physical long position. Yes on odd occasions u could cause a waterfall decline and buy into it, to cover shorts or even go long. with minimal price impact…but that only works very rarely….if there are more buyers then sellers, then prices rise etc over the long run.

I also think they hide the monster short in London Forwards, as there is no published OI for them and Lines of Credit are how the margins work, so the Fed would have with say JPM, effectively unlimited credit. What we see on Crimex OI is just what they want to show us.

I know of no safe depository of the ultimate powers of the society but the people themselves; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them but to inform their discretion.

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

JMHO but I believe they always have sufficient longs to dump in less than a minute to spook the market and after the legit traders hit the exits, they cover slowly.

Always appears there is no short covering. The covering last week was the legit traders

https://finance.yahoo.com/news/sabina-kitikmeot-inuit-association-finalize-113000773.html

Where these PM’s are so hard is like today…last week the option granters sat on prices to knock out loads of calls…so the logic would be they have to cover shorts today, yet we get an even bigger sell off.

Rarely if ever does one see short covering…all shorts just get left…where ??????

yeah maybe but pm’s don’t usually come back on days like today.

A metals rally is not a bet I’d like to make at the moment

VANCOUVER, British Columbia, April 23, 2018 (GLOBE NEWSWIRE) — First Mining Gold Corp. (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) (“First Mining” or the “Company”) is pleased to announce that it has entered into a Voluntary Agreement (“VA”) with the Ministry of the Environment and Climate Change in Ontario (the “MOECC”) to complete certain requirements under the Ontario Environmental Assessment Act (the “EAA”). This marks the commencement of a Provincial Individual Environmental Assessment (“Provincial EA”) for the Company’s Springpole Gold Project (“Springpole” or the “Project”), located in northwestern Ontario.

Jeff Swinoga, President & Chief Executive Officer of First Mining, stated “We believe Springpole has the potential to become one of Canada’s largest producing gold mines. With permitting for an access road to the Project site now well underway and having already commenced the Federal Environmental Assessment process, we are very pleased to initiate the Provincial Environmental Assessment process in Ontario. Both EAs can now progress simultaneously. These two EA processes mark the first major steps toward permitting Springpole. Our very experienced team, with our values-based culture, looks forward to working diligently and respectfully with all Indigenous and other stakeholders throughout the Federal and Provincial EA processes.”

cont. https://ceo.ca/@nasdaq/first-mining-initiates-provincial-environmental-assessment

that said, I think late today but more probably tomorrow it’s a turn-maybe not a sharp one- for the $ and PMs