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

Got my roof finished ..looks real nice..Then the County came along and PAVED the street for the last two days…Im thinking this is gonna look real nice ….Came home tonight and theyre digging up the street they just paved for the last two days ..It lasted one day !    ONE DAY !

https://www.reuters.com/article/us-afghanistan-ceasefire-usa/pompeo-says-time-for-peace-as-afghanistan-announces-ceasefire-with-taliban-idUSKCN1L40MT

I threw mine away awhile back. You can’t eat it you know!

Shows the Shanghai price of gold lower than the London price .
It used to always be higher , every time I looked at it .

That bat is titanium – with a core of gold for extra heft .

Gold – AU – you know , that relic metal that is heavy enough to make a good door stop , or ballast for dead-heading ships going back to China , and not much else ….

I think our heads are starting to wear away the bat.

The Bullish Case For Gold: Indicators Suggest Gold Has Laid the Groundwork for a Substantial Rally

For those who care about gold such as myself, in the just released CFTC data for the week ended Tuesday, speculators went net short for the first time since December 2001 when gold was priced at $275 an ounce. It’s tough to find a more contrarian indicator.

Peter Boockvar

“They run all away, and cry, ‘the devil take the hindmost’.”

Beaumont and Fletcher, Philaster, or Love Lies a-Bleeding

The one thing that gives me pause is the current interest rate actions by the Fed. They *could* delay the rally until it becomes almost overwhelmingly inevitable. They do tend to do that sort of thing.

Timing is primarily an issue for those who are trading with leverage and for short term profits.

The Dow/Gold ratio is now back to pre-crisis levels (chart not shown).

As compared to 2002, the ‘free float’ of gold is tighter now, and central banks are net buyers rather than sellers. Physical gold may be more of an issue than normal, as opposed to the unwinding of paper positions after a multi-year price manipulation.

At this point one might ‘get right and sit tight’ in the usual measured way, and wait for the banquet of consequences to be served.

cont. https://jessescrossroadscafe.blogspot.com/

Bringing up Ted Butler as a source for anything pm is the kiss of death.

There’s some good tennis on the TV. Federer vs. Djokovic,- the best in the world.

I bet we could learn more about pm’s by watching a tennis match than we could from Mr. Butler. 🙂

My bet is that gold is down $5-$10 at the open in the morning. Would love to be wrong for a change.

By my calculations and based upon CFTC data, JPMorgan has bought back 20,000 COMEX silver short contracts (the equivalent of 100 million ounces) and 90,000 COMEX gold short contracts (the equivalent of 9 million ounces). How many more COMEX futures contracts can be bought by JPMorgan is anyone’s guess, but based upon the record short selling by the managed money traders, it wouldn’t appear that JPMorgan can buy many more COMEX contracts. After all, the record managed money selling is what enabled JPMorgan to buy so many contracts in the first place; once that selling dries up, JPMorgan is unlikely to be able to buy many more contracts as a result.

It is the highly concentrated nature of JPMorgan’s futures contract buying that sets the stage for an upside price jolt that promises to unfold faster to the upside than any previous move. So deft has JPMorgan been in buying gold futures contracts recently that I have taken to describing it as a double cross of other traders. But once the move higher unfolds, it promises to be the largest rally in silver and gold in history by virtue of the massive physical hoard accumulated by JPMorgan.

Amazingly, all it will take for this price explosion scenario to unfold is for JPMorgan not to add aggressively to short positions when the inevitable rally begins. You heard me right – the silver price explosion to $50 and beyond, along with a commensurate move in gold is only contingent on JPMorgan doing nothing on the next rally. Admittedly, JPMorgan has been in many similar set ups in the past and has always added aggressively to its COMEX short positions, eventually capping those rallies. This has prompted many to assume that JPMorgan will always sell short aggressively on future rallies. But the current set up has never favored JPMorgan this much. If what JPMorgan has always done holds true again we will get a rally of some significance anyway, just not the big one. But if JPMorgan doesn’t add to short positions on the next rally, the third run to $50 silver and beyond should be at hand.

Ted Butler

www.butlerresearch.com

https://www.silver-phoenix500.com/article/next-silver-run-50-and-beyond

Found this:

Investors looking to identify harami patterns must first look for daily market performance reported in candlestick charts. Harami patterns emerge over two or more days of trading, and a bullish harami relies on initial candles to indicate that a downward price trend is continuing, and that a bearish market looks to be pushing the price lower.

The bullish harami indicator is a charted as a long candlestick followed by a smaller body, referred to as a doji, that is completely contained within the vertical range of the previous body. To some, a line is drawn around this pattern resembles a pregnant woman. The word harami sourced from an old Japanese word meaning pregnant.

For a bullish harami to appear, a smaller body on the subsequent doji will close higher within the body of the previous day’s candle, signaling a greater likelihood that a reversal will occur.

Read more: Bullish Harami https://www.investopedia.com/terms/b/bullishharami.asp#ixzz5OeJVlr3z
Follow us: Investopedia on Facebook

https://youtu.be/j5qq–PAefI

https://youtu.be/RK-povyqGnM

but I have no expectation that 2008 will repeat THIS YEAR…I will do the same next year at some point…I expect “they” will keep the market up until the NOV.elections…I do not urge anyone to follow my lead….I only  posted that because there are so many people worried about a collapse/crash…so for those that really believe that,  I presented a plan for hedging