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

• the First. Huh. Flag, a most respected poster told me to take a kike, oops sorry, hike, so I did.

I have been censured here for replying to R640 ideology. I vehemently disagree with his perspective and will continually shine a light on his hypocracy.

I didn’t draw his name out of a hat, I responded to his agenda. His agenda should have been the first point of censorship, not me. You want a fluffy site without calling out the devil in Humanity or pointing out his hypocritical  hooker references to a niece, keep those blinders on. That is what (((they))) want.

I wish the best for true blue individuals here, maya, ipso, winedoc, BG, SnG, RNO and many others. Goldie, your posts still suck without prose, sorry.

The gold price and the big short

Probably more like another reverse split

The Real Reason The US Dollar Is About To Roll Over

By Graham Summers of Gains Pains & Capital Thursday, August 23, 2018 10:14 AM EDT

I’ve received a number of emails from readers asking me how I can be so certain that the USD will be dropping hard going forward.

The answer is simple… neither the US Government, not the US corporate sector can afford an extremely strong USD.

The Trump administration has proven itself to be Keynesian on steroids… and is planning to run $1 trillion deficits despite the roaring economy.

A strong USD would make this very difficult to do.

It would also have a highly negative impact on US corporations that derive nearly 50% of revenues from overseas. We are already seeing C-level executives discussing the negative impact on recent $USD strength during conference calls.

This happens any time the USD approaches the mid-90s… which we call “the line in the sand.” There is a reason we had an “earnings recession” in 2015-2016: it’s the fact the USD was in the upper -90s/ low 100s crushing profit margins.

Put simply, both the Government and the Corporate sector want the USD to roll over here and now.

So we expect the USD to roll over hard soon. But I want to be clear here… I’m calling for the USD in the mid-80s… not some full-scale collapse.

Why?

The Fed NEEDS the USD to remain strong enough to attract capital so the US can continue to fund its deficits and debt issuance… but not strong enough that it actively hurts the economy.

If the USD were to collapse rapidly it could cause a crisis of confidence in the currency. That is the LAST thing you want if you’re attempting to run $1 trillion deficits.

The long- term chart paints a nice picture for what I’m expecting. The USD has in fact been forming a series of lower lows since 2014. The next low will take us to the mid-’80s (see the red arrow).

That’s a heck of a “tell” from the markets. And it’s “telling” us that we’re about to see a major inflationary move as the $USD drops hard.

-END-

COMEX Silver Inventories also at New All-Time Highs

Hi Bill

COMEX open interest isn’t the only thing now at a new all-time high in the silver market; silver bullion stored at COMEX approved storage facilities is also at a new all- time high: 289.39 million ounces. The old high water mark in silver inventories was 283.73 million ounces in March 1992, as seen in the chart below.

When dealing with anything having to do with the CME’s precious metals exchanges I always keep the foot note seen at the bottom of its inventory report in mind.

Mark

The information in this report is taken from sources believed to be reliable; however the Commodity Exchange Inc. disclaims all liability whatsoever with regard to the accuracy of completeness. The report is produced for informational purposes only.

Foot note to CME’s Group Silver Inventory

What to make of it?…

*On the surface it is bearish, connoting excess supply.

*But so has been JP Morgan’s visible supply on the books. Theoretically, what JPM has on their books ought to be bullish, but it has been a noticeably bearish factor in the silver market for a long time.

*Did JP Morgan put physical supply on the Comex to aid their short futures trading?

*Is this all-time high silver inventory for real? The footnote above? How can the CME not verify what the Comex has?

50,000 Maybe in South African currency the way their going.
https://coinmill.com/XAU_ZAR.html#XAU=1

me too. Impeccable timing.

maybe its time for a TURN  ?

Oh man I hate it when Jim Sinclair weighs in. Seriously gym $50,000 gold no effing way. Now we’re probably open to $500 gold we’re going to get flushed like crazy. I’m very suspect of this rich old fart. I’m not even sure which team he really cheers for.

Parts:

Wind back the clock 20 years, and the U.S. economy looked a lot like it does today.

The end is nigh, brother, the end is nigh!

World markets are like a pie crust stretched across the roof of a volcano!

Fu Manchu is about to pull the lever to the trap door!

Warbucks signals the trusty  Punjab to cut the cords of the rope bridge!

Grease the skids! Happy tobogganing!

ponziworld.blogspot.com

Remember back in ’06-’07 when the Fed raised rates 17 times in a row until everything imploded? Good times. Well this time they’re taking their time. Which means they’re behind the yield curve on implosion. The “good news” is they’re catching up…

According to the Fed’s own minutes released yesterday, the housing market is already imploding due to higher interest rates (and other factors). So what they plan to do is raise rates 3 or 4 more times in order to confirm. 

FOMC Meeting Minutes from August 1, 2018:
“In contrast to other sectors, residential construction activity appeared to have softened somewhat, possibly reflecting declining home affordability, higher mortgage rates, scarcity of available lots in certain cities, and delays in building approvals.” 

Today:

“WASHINGTON, (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in July to a nine-month low in a sign the housing market was cooling and could give less support to the overall economy.”

Also today:

Late last week of course we learned that consumer sentiment is the lowest since last September.

All of which can only mean one thing:

“Overall, the shape of the curve suggests to me we are ‘late’ in the economic cycle,” Kaplan said.


Speaking of holy fuck, the Fed IS the yield curve. They are pushing the front-end up, which is pushing long rates down. 

“Hurry up, we’re behind the curve”

parts

Gold could see a massive surge in a “blink of the eye” said U.S. Global Investors CEO Frank Holmes. Current depressed prices are caused by short selling, which could make a rebound in prices more likely should the bet to the downside be more depressed.

Keep in mind the world Gov’t or deep state is leftist. And “appears” to be against Trump. They took from the USA and handed it out like chocolate candy to other nations since 1946. China the latest benefactor since 1979. It is possible the global “left” is secretly going along with Trump, to build up the USA for their own future good.

Parts:

The event allows the world’s monetary policymakers to meet behind closed doors and discuss the big issues of the day away from the political glare of their everyday workings.

Trump is an avowed advocate of low interest rates and has directly criticized Powell’s approach several times in recent months, breaking with a longstanding convention that president’s refrain from commenting on the actions of the Fed, which is independent of government.

https://www.businessinsider.com/jackson-hole-central-banking-conference-2018-8

part:

The 2018 Economic Symposium, “Changing Market Structure and Implications for Monetary Policy,” will take place August 23 – 25, 2018. (The program will be available at 6 p.m., MT, August 23, 2018).

https://www.kansascityfed.org/publications/research/escp

re:

“Jim Sinclair said the fiat system has broken and we’ll be at $50K an ounce by June of 2019. Course a gallon of milk will be $25 and bread will be $20.”

That scenario suggests the past will continue on. That its possible re more gov’t spending, and bigger national debt. But so far all I see since 2001 and MORE so after 2008, is REVERSALS all over the place.

The DOLLAR has been losing value since 1946 and MORE so since 1970. Entry level tax payer real wages have been MELTING since 1970. Young people can’t spend money, and or pay taxes and can’t contribute to society unless living in China. 🙂

If the reversal theory of mine is MORE widespread than we all think, the Dollar’s long term future, it might GAIN value instead of LOSING more value. The coinage we have is already useless. Ends up in jars and cans.

To make coinage useful, they need to ADD at least ONE zero on all the coinage. Then it will all match the ’60s when a slice of Pizza and a small Coke, a gallon of gas, a pack of butts was a Quarter. New car $1800 to $3,000.

.10 Dime s/b $1.00,

.25 Quarter s/b $2.50,

Half Dollar .50 s/b $5.00,

$1 Note s/b remarked $10.

$10 Note s/b marked $100.

$20 Note s/b marked $200.

$50 Note s/b marked $500.

$100 Note s/b re-marked $1,000.

At a factor of times 10, I’m being a nice guy. Most everything is in the 15-20 times more factor that decades ago. I don’t think you can get a slice and small Coke for even $2.50.

even better , an MS ( More of the Same )

and the bosses will have a PhD ( Piled Higher and Deeper )

Well, Hawaii has not lucked out just yet…   get back to me on Sunday after the storm passes Honolulu.   There is still no guarantee that left-turn forecast is accurate.  It is dependent upon wind shear cutting the storm intensity down, and ‘timing’ is the big uncertainty there.

It’s still raining here… and pretty much everywhere statewide now.

But don’t worry. Jim Sinclair said the fiat system has broken and we’ll be at $50K an ounce by June of 2019.

Course a gallon of milk will be $25 and bread will be $20.

No worries

some flattened structures etc–

$’s up a lousy .340 provides the alibi…but when the $’s down for a few days gold barely can hold a 5 buck gain…

I left my Fart in San Francisco ..