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

For all of Europe’s bluster, and increasingly vocal “resistance” to Trump unique approach to international politics, especially when it comes to Iran when Brussels swore it would defy the US president and continue business as usual with Tehran, it took Europe about a month to fold, and as Reuters reports European refiners are now unofficially winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports.

And since the only true leverage that Iran had vis-a-vis Europe was its deeply discounted crude oil, the shuttering of crude purchases from the Islamic republic will suddenly make European governments especially ambivalent whether to continue fighting Trump in hopes of salvaging the Iranian nuclear, when there is only downside left.

cont. https://www.zerohedge.com/news/2018-06-06/we-cannot-defy-us-european-refiners-fold-trump-will-stop-buying-iran-crude

Now have a look at Copper recently….straight up, none of these sudden water falls out of no where.

The 24/7 control is near total….Why are they scared…..

https://finviz.com/futures_charts.ashx?t=6E&p=d1

Thank you for the info. So it sounds like no matter what kind of stones get smelted, it all turns into a lava rock. If I’m wrong on that, then magma in its natural form is a separate unique item.

Agree. Next week will probably be brutal for all things pm

That’s what I’ve noticed goin on for years, in fact since June 2014. Some how some way, during that month, there was an abrupt abnormal reversal of trend.  Euro down gold down and dollar up.

Let’s see what happens to SLV as options expiry approaches next week with a Fed meeting they will be raising rates at again to boot.

Chuckle

That would explain why when UUP opens down it slowly recovers all day.

It does appear that all those SLV call buyers R640 posted about have had the upper hand the last couple of days.

Still, with as weak as the USD has been gold has gone nowhere.

The open interest put/call ratio on UUP is above unity. For this reason, and this reason alone, the $ will go higher.

This condition will remain in effect until bearish UUP speculators are exhausted.

Fundamentals don’t matter. Any other talk on this subject is useless drivel.

Cheers

The Iowa Interstate directors special
crosses the mighty Mississippi.
http://www.railpictures.net/photo/658572/

Lava cools into… Lava rock.  Sometimes aged the rock is called Basalt.  It varies in composition from very gassy, porous lava rock to very solid, concrete-like rock with no bubbles.

Hawaiians describe lava as two major types, depending on how it cools and flows.   The cooling head of a flow will crumble many times, giving it a broken, cinder or clinker type of texture.  We call this  A’a lava.   A more liquid, smooth hot lava that pools and cools slowly will have a satin smooth surface, sometimes with ropy swirls.  We call this Paho’eho’e lava… black satin finish.

How long does it take to cool?  That depends on the thermal mass behind the lava.   When the fissures first cracked here, thick mud lava that had been stored underground since the 1955 eruption now surfaced.  It was still hot.

On the surface, once a lava flow has stopped and is no longer being fed, it can take many months to a year or more before it is cool enough and safe enough to walk on.  And the flows crack and split as they cool also, so it is not stable for a long time.

There is always some doom factor going on but this time unless I was sleeping “blissful ignorance’ back when I’ve never seen so many people asking for it like they have no cue. Then so much hate from the ones who call others haters while they’re at it. If it wasn’t for everyone else let it happen but they’ll just drag everyone else with them.

If a new reserve currency is started in the future and the dollar is left for the Feds to manage without interference or worry about impact from other countries maybe that won’t be a bad thing for us although can’t grasp the debt of it yet.They can then raise interest rates in the face of battling inflation to move the dollar up maybe good for gold too and all that is liquid and movable including stocks because anything not movable could be impacted with the rising interest rates.
Armstrong mentioned this coming and said that first the dollar will rise because money moving away from other currencies will be what calls for a new reserve which will bring it down.
That’s when I’m guessing the aforementioned will take place.