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

Morning R640

Posted by Buygold @ 9:06 on August 20, 2018  

That’s what you get for posting Butler on a Sunday afternoon!

Concur – SLV down $.08, GLD up $.24, shares up slightly

No doubt gold and the shares will fall in line with silver today

 

The “silver signal” is flashing that gold will give up its gains–silver is 14 cents off fridays 5pm close–

Posted by Richard640 @ 8:32 on August 20, 2018  

but the day is young and gold has been resilient the past few days…

A ZH reader comments

Posted by Richard640 @ 8:23 on August 20, 2018  

Reichstag Fire Dept.  Buckaroo Banzai Sat, 08/18/2018 – 20:22  Permalink

Shorting gold at US$275/ozT…(REFERRING TO THE YEAR 2000)
Where did they think it would go? Zero?!
They were wrong then and they are wrong now…but for different reasons.
Gold is heavily manipulated so when that need for manipulating the price down goes away you will see (ballpark) US$2500.oo/ozT gold.
Manipulation is to keep the US$ more attractive than gold. Now you have the Chinese and Russians holding physical by the tonne…divesting UST’s. They are playing the “long game” against the US$.
What is the scope of the long game?
When the Americans have only gold contracts and China/Russia have all the physical, what do you think will happen?
There is a paper/physical market seperation coming. Physical is quietly backing a basket of BRICS against the US$.
Is Trump going to attempt to crush the rest of the world’s economic value or join the US$ in that basket of currencies?
*************************************************************************
exartizo  platyops Sun, 08/19/2018 – 07:28  Permalink

Stop stacking for now.
I’ve seen the “supply/demand” arguments on ZH about the price of gold for years.
It’s all complete BULLSHIT.
Supply and demand have nothing to do with the price of gold RIGHT NOW.
Neither does the “cost” of gold.
Gold is being held in a trading range to benefit equities and cryptocurrencies, both owned by the Banksters.
Eventually that will change.
NOT NOW.

Maya – that Gotthard train brings back memories of an earlier time

Posted by Alex Valdor @ 6:51 on August 20, 2018  

and a great little car I had . In the mid-60’s the French car manufacturer Panhard went out of business and the assets were taken over by Citroen . More than ten years later I was living in Belgium and bought a Citroen GS , powered by a very efficient air cooled opposed flat four ‘Panhard’ engine . I had been traveling in Italy on vacation with the family and was returning via Lake Como and Lugano . At the time , you could put cars on a piggyback flatcar for the rail trip through the Gotthard tunnel . You stayed in your car , and the tunnel was cool , so the windows steamed up badly on the inside until you got to the other end and could open the windows again ( No A/C on that car ). I was once late for an appointment in Germany and buried the tach in the red for a full hour on the autobahn – no problem , no damage ! Amazing for an air cooled engine . An air-cooled VW Beetle would have been spitting valves or connecting rods at those rpm’s for that length of time.

Gold Train

Posted by Maya @ 5:41 on August 20, 2018  

rrflasher-copy

The Swiss tired of a tortuous route over the mountain to Italy,
so they bored the Gotthard Base Tunnel UNDER the mountain
for this high speed line.
http://www.railpictures.net/photo/665739/

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.