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

What did you say? I can’t hear you because the bombardment is too heavy!

We have been here every time since the 1st Gulf War, whenever a crisis blows up, the scum crush Gold…at 1st it was considered counter intuitive, by smart operators seeing past the crisis…but now they are struggling to explain the selling. As the problems just get worse and the selling looks insane.

the bombardment’s picking up a little.

That happened because the people there were doing too well, paid too much, by 1989. So big nomadic businesses moved over to China after they used and or built up Japan. They abandoned the USA  in 1975 after we had 30 good years from 1945-1975. They will make you or break you no matter what your skills and ability.

even if the rsi’s on NUGT & JNUG were minus ten below zero

the only instrument catching a decent [not great] bid are u.s. treasuries…not PMs…the old excuse that investors are selling stocks to buy dollars isn’t evident today–but that was just a crap alibi by those not wanting to mention the gold rig…

Having the Dems control congress is just too horrible to contemplate…but that theory is one of the reasons I bought waaaay outa the money puts on some big banks…in case we get a repeat of 2008.

That a Strong Dollar is used as a Weapon against countrys like Venezuela ,CUBA ,Turkey   ..it seems their debts are killing them as the Dollar rises  also oil is priced in Dollars so it also gets more expensive for its buyers like China …..

This may be the reason Gold & Silver are weak as the Dollar is being used as a FOREIGN POLICY tool  and also may force Turkey to sell its GOLD like Venezuela had to do to pay debts……The Dollar kills those who debts are in Dollars and shakes their Gold loose to pay debts ……When these Foreign Policy objectives are met we can devalue and everything goes into reverse…Gold goes up after Turkey and Venezuela have sold their GOLD….to pay dollar debts..and so it goes…Gold dosent protect those whose  DEBTS are in Dollars !Keep your debts in a weak currency ,your assets in a strong one…thats an old adage that many never learned…

NUGT RSI @ 16.75

Not sure I’ve ever seen it that low.

I guess the upcoming liquidity crisis hits pm’s worse than anything else?

Rubino and Rocco’s articles were really timely…

Picked up this platter and a couple other trinkets this past saturday

1.25 Kg

Suppose I could have saved another 4% today,  Sheesh

Does it matter long term though ……

Morning Friends on another hard old down day …..

Winedoc

https://ceo.ca/@nasdaq/osisko-mining-to-acquire-beaufield-resources

Re Japan collapse…..That was a very different world. Japan contained the collapse internally and swept it all under the carpet….and has never recovered properly. It had little external debt and monstrous private savings.

Turkey has tons of external debt and is a basket case already, before these problems started. Plus the whole world is one huge debt pile now.

But of course back in 1989 the Rig was just a gleam in Greenspan’s eye.

PS

Will/are the scum letting the SM go in front of the Mid Terms, in order to wreck the Donald ?????

I’m 100% cash except for bullion waiting for a bottom.

Unfortunately for those who are long the shares, the fact the liquidity event has not even arrived yet, which is why PM gamblers still have money (and the balls) to play with, it looks like it will still take quite some time (next year?) for the ‘buying opp’ to arrive.

PM stocks go down for about six-months once the liquidity event arrives.

Cheers

You might be right although with all these fires I wonder.
Lib judge just gave bail to those nuts who were trading children to shoot up schools and police plus milked one child and said they weren’t a threat to society. Said their just trying to exercise their second amendment rights. Do I sense another gun confiscation scheme. And where was FBI derelict of duty Peter Pan getting all this go fund me money who knew about it and possibly could of stopped it long ago and saved that child’s life.

Lots of phony baloney out there. The entire economy is phony. Like the phony hollow shell, house of cards construction of trade center buildings. Fine but vulnerable to something unusual. Trump said from the start he/they inherited a mess.

re your: “They aren’t burning down calif like that nut caught starting some of the fires in Calif. Actually there was two of them. They don’t want that getting out though.”

Exactly right. We don’t want copy cat jerks setting fires. Like the copy cat mass shooters. They should put news black-outs on them. No need to know the shooters name, where he got the gun, what kind of gun, his troubled childhood etc etc.

It seems the Gov’t/Bank’s  media doesn’t mind copy cat shooters, but does NOT want homes and forests and related animals going up in smoke.

But I just heard an analyst on TV wondering why stocks are down today because a good retail report came out and the economy was “doing so well”….just heard===”Turkey is tiny compared to Japan…Japan collapsed in 1989 and the U.S. stock mkt boomed”….implying the u.s. could boom…but conditions are vastly different–the DOW was under 2000 and we were in a recession

They drop the yo yo down people go to grab it and then pull it back up. That’s what will happen to the dollar too eventually but for now world wide it’s safer than other currencies.
Meanwhile next support 1150 will it go, going once going twice? Just watching from the side lines. Women love sales,

weren’t we taught–as wee nippers–that that was the ideal medium to sustain a gold rally? The fact that gold’s selling off proves the case for the rig…for all the rig doubters/deniers….

I think a recession has already started around here where I live. More closed small businesses popping up. The Fed will wait till the last minute and flip the sail, and flip the rudder, like a sailboat with a headwind, on a tack in the other direction.

The only other thought is the entire global economy is falling apart with populism, trying to go into a massive deflation. That would fit with a REVERSAL of inflation that’s been going on since 1960s.

I’ve watched some of his videos. He has well intention theories but I don’t think they would work out of put in place.
Only real system is a barter system. It eliminates the free rides and middle man.
The fact that he endorses claimed socialist a bartender/ waitress Cortez who would give everything away for free paid by gov that would then tax us at 70/80 percent on every dollar or more to pay for it would be slave labor and a red flag.
As far as jobs many have been getting raises. Trump tax plan gave most Americans raises with less tax deductions without forcing business some of which can’t afford it that could close them down or cut hours.
A place I used to work a newer employee told me they got a 7 dollar hr raise in order to keep their employees.
So his stories are only partially true like business like GM buying back their own stocks. As far as I know GM pays their employees good anyways.
When on a cruise before the 08 collapse there were a bunch of GM employees there who got the trip paid for by the company. I don’t know too many business that do that for employees.
I don’t think he ever ran a business but runs on theories.
He never gives examples of failed socialist states.
As far as China they have stole our products made them for cheaper to out compete with better paid American employees. They’re not better made either they fall apart made of cheap quality and many products due to cheating on cheaper ingredients have been toxic including using lead paint on children’s toys.
Apparently he thinks it’s a good idea to pay employees less to help the country’s politicians and government elite. It’s okay to force them out of their rural homes into big cities now polluted and air quality toxic like a sort of agenda 21 in the name of socialism and their GDP numbers. Kinda a oxymoron.
As far as Chinese or India citizens they’re coming in legally with education or money. Their trying to get away from their economy he praises.
They aren’t burning down calif like that nut caught starting some of the fires in Calif. Actually there was two of them. They don’t want that getting out though.
He talks about Trucks which come in handy as a man thing but dies he know in China a man thing is burning with a blow torch or boiling dogs alive is a aphrodisiac because making these poor trusting dogs suffer makes them matcho.
He picks and chooses what he critizes.
France apparently won’t go along with free trade either as Trump is trying to work on but has to go two ways.

Jeesh! JNUG down 4% in pre-mkt. at $9.27 on heavy volume—silver down .26…the bonfire of the PMs…Hey! Capt. Hook…I hope u got some ready cash…it’ll soon be the “MOTHER OF ALL BUYING OPPS”…..[guffaw!]  I got my crash play on=I’m short the big banks via put options…bring it on!

He’s tried that and been warned off, as the Rig says a strong Dollar, weak PM’s and rates = Strong SM.

But I know what u mean…how much longer can they play the same game..nothing has dented their game so far…however Erdogan is a certified nutter and Vlad is as hard as hell.