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

old-timer

Posted by ipso facto @ 19:34 on August 28, 2018  

The best move of all …

This Video Is 2 Years Old

Posted by commish @ 18:15 on August 28, 2018  

FWIW-

Posted by old-timer @ 16:22 on August 28, 2018  

My personal day brighteners:

Silver Eagle rolls from APMEX on eBay less than $400 – includes shipping.

https://www.ebay.com/itm/2018-1-oz-Silver-American-Eagle-Coin-BU-Lot-of-20-SKU-159801/112730907490

 

 

I don’t have much to say anymore, but still visit every day.

Thank you all.

 

I’m always harping about “financialization”=Combine financialization, neoliberalism and moral bankruptcy, and you end up with predatory, parasitic elites.

Posted by Richard640 @ 16:05 on August 28, 2018  

Here’s How We Ended Up With Predatory, Parasitic Elites

==
How did our financial and political elites become predatory parasites? Some will answer that elites have always been predatory parasites; as tempting as it may be to offer a blanket denunciation of elites, this overlooks the eras in which elites rose to meet existential crises.
As historian Peter Turchin explained in his book War and Peace and War: The Rise and Fall of Empires, the value of sacrifice was a core characteristic of the early Republic’s elite:
“Unlike the selfish elites of the later periods, the aristocracy of the early Republic did not spare its blood or treasure in the service of the common interest. When 50,000 Romans, a staggering one fifth of Rome’s total manpower, perished in the battle of Cannae, as mentioned previously, the senate lost almost one third of its membership. This suggests that the senatorial aristocracy was more likely to be killed in wars than the average citizen….
The wealthy classes were also the first to volunteer extra taxes when they were needed… A graduated scale was used in which the senators paid the most, followed by the knights, and then other citizens. In addition, officers and centurions (but not common soldiers!) served without pay, saving the state 20 percent of the legion’s payroll.
The richest 1 percent of the Romans during the early Republic was only 10 to 20 times as wealthy as an average Roman citizen.”
Now compare that to the situation in Late Antiquity Rome when
“an average Roman noble of senatorial class had property valued in the neighborhood of 20,000 Roman pounds of gold. There was no “middle class” comparable to the small landholders of the third century B.C.; the huge majority of the population was made up of landless peasants working land that belonged to nobles. These peasants had hardly any property at all, but if we estimate it (very generously) at one tenth of a pound of gold, the wealth differential would be 200,000! Inequality grew both as a result of the rich getting richer (late imperial senators were 100 times wealthier than their Republican predecessors) and those of the middling wealth becoming poor.”

https://www.zerohedge.com/news/2018-08-28/heres-how-we-ended-predatory-parasitic-elites

History of Mental Illness..yet he was still able to purchased a GUN ..in Maryland ..got along with his Father ,describes his divorced Mother as pretty Crazy !yet SHE had custody ?

Posted by Ororeef @ 15:45 on August 28, 2018  

https://apnews.com/df2ecf1da4fd42e8a695eb6794129887/APNewsBreak:-Shooting-suspect-had-history-of-mental-illness

China appears to have bottomed !

Posted by Ororeef @ 15:14 on August 28, 2018  

china-bot8-28-18

From the article in the previous post= is reason enough for contrarian investors to proceed with caution before going long on bullion

Posted by Richard640 @ 13:37 on August 28, 2018  

Given this generally brutal price action in gold, then, we would observe that the flip to a net short stance by CoT large speculators is perhaps quite a bit behind the curve, if not at all “undeserved” — so we can follow the logic by which analysts are pointing to this rare bearish positioning as a “final capitulation” of sorts to mark the bottom of the gold decline. Simultaneously, the cluster of extremes generated by GLD’s sell-off — such as the RMI low, massive outflows, and extended monthly losing streak — would seem to suggest to seasoned market watchers that the battered and bruised metal might reasonably be due for a bounce, even if only of the “dead-cat” variety. 

That said, the fact that we’ve already seen a number of headlines touting the net short CoT positioning as a valuable bullish signal for gold is reason enough for contrarian investors to proceed with caution before going long on bullion. And then there’s seasonality to consider; Schaeffer’s Senior Quantitative Analyst Rocky White notes that gold averages a loss of 2.07% during the month of September, looking back to 2010, with the median return arriving at a 2.43% drop (with only 37.5% of returns positive). 

THE SIGNAL THAT’S TURNED EVERYONE INTO A GOLD CONTRARIAN–The precious metal tends to decline during the month of September, looking at returns since 2010 by Bernie Schaeffer

Posted by Richard640 @ 13:24 on August 28, 2018  

https://www.schaeffersresearch.com/content/bgs/2018/08/28/the-signal-thats-turned-everyone-into-a-gold-contrarian

The following is a reprint of the market commentary from the September 2018 edition of The Option Advisor, published on August 24. For more information, or to subscribe to The Option Advisor — featuring 10 new option trades each month — visit our online store.

The centerpiece of most stock market media coverage this past week was the age of the rapidly maturing bull market, and whether or not the current run higher can be accurately and fairly described as the longest in history. It was a debate that clearly divided the financial world into the “closing level” and “intraday level” camps, and a useful diversion during this traditionally quiet post-earnings, pre-Labor Day stretch of August (although this particular late-summer period has certainly not been without its share of political drama, stocks have been so far relatively unmoved by it, on balance). 

And so, while pundits have been debating the breadth and depth of various historical stock market corrections and rallies, investors appear to have grown increasingly — and perhaps climactically — bearish on the prospects for gold, the precious metal traditionally viewed as a “safe haven” asset during times of turmoil.

 

Richard640 @ 12:01

Posted by ipso facto @ 12:27 on August 28, 2018  

Getting to be not so fictional.

Ponzi World sarcastically refers a lot to “skynet”

Posted by Richard640 @ 12:01 on August 28, 2018  

 [Skynet is a fictional neural net-based conscious group mind and artificial general intelligence system that features centrally in the Terminator franchise and serves as the franchise’s true main antagonist. WikipediaThe system goes on-line August 4th, 1997. Human decisions are removed from strategic defense. Skynet begins to learn at a geometric rate. It becomes self-aware at 2:14 a.m.]

Ponzi World—2007 deja vue?

Posted by Richard640 @ 11:52 on August 28, 2018  

Tuesday, August 28, 2018

Super-Cycle Top aka. Bulls Trapped

Bulls are all lubed up about buying into a recession…



Way back in 2007, the S&P peaked and then fell hard. A few months later (October) it made a higher high and then rolled over at the final top. Fast forward to now, and it’s deja vu. The bubbles are all popping, most sectors have rolled over, every other country has rolled over in $USD terms. So how Skynet keeps making new highs is testament to excellent programming. 

This mass delusion is running on clown antics and smoke and mirrors…

http://ponziworld.blogspot.com

Ipso – don’t worry

Posted by Buygold @ 11:35 on August 28, 2018  

it’ll come back to you. 🙂

R640

Posted by Buygold @ 11:34 on August 28, 2018  

Yes. Calling the bottom on a technical basis, COT Reports or virtually anything else has been pretty much impossible for the last 7+ years.

About the only thing you can count on is that supposed support will almost always get broken.

Case in point the HUI – years of support in the 150-165 area. Today it hits 150 and is immediately turned back.

$1220 the same thing

Buygold

Posted by ipso facto @ 11:30 on August 28, 2018  

It’s running away from me now darn it! 🙂

Buygold–yes! timers digest…and Ballinger the other day…if gold lifts it’s poor head

Posted by Richard640 @ 11:27 on August 28, 2018  

off the mat for a few days, wildly bullish forecasts emerge…catching THEE bottom will be very difficult…to catch and to hold all the way up…but it’s too early to get all gloomed up…these pullbacks occur in all bull moves…if gold comes back and closes up 5 or 6 or 9 bucks, that will be positive action…

Ipso

Posted by Buygold @ 10:52 on August 28, 2018  

They don’t make it easy do they?

You can never have 100% confidence in what you buy.

Buygold

Posted by ipso facto @ 10:32 on August 28, 2018  

Got a bid in a little below the ask … am thinking of withdrawing it … we’ll see.

Ipso

Posted by Buygold @ 10:30 on August 28, 2018  

You should probably get a better entry point on whatever you were looking to buy.

Morning Buygold

Posted by ipso facto @ 10:21 on August 28, 2018  

Corruption? What corruption? LOL emoji_1f601

I’m just glad she’s not president. What a #hit show that would be!

Our market looking pretty blah today …

and here they come…

Posted by Buygold @ 10:19 on August 28, 2018  

USD drifting back up. I see sub $1200 on the horizon.

Morning Ipso

Posted by Buygold @ 10:17 on August 28, 2018  

You bet your sweet bippy that she knew about it. So did the DOJ, FBI and all the alphabet agencies.

Unfortunately she is a protected swamp creature and Jeffy Sessions is compromised and no help.

Anyone paying attention has to be in stunned disbelief at the corruption – I am.

R640

Posted by Buygold @ 10:13 on August 28, 2018  

All that bullishness. $1220 resistance, as they pointed out, seems to be a thousand foot high wall.

I feel a big thump is coming, if not today then certainly tomorrow.

Timer Digest.com

Posted by Richard640 @ 9:38 on August 28, 2018  

COMEX GOLD 1214.40

 

Timer Digest–8-242018Top five gold timers

MANFRED ZIMMEL Bull Amanita Market Forecasting 

STEVE TODD Bull The Todd Market Forecast 

BARRY ROSEN Bull Fortucast ETF Timer 

STEVE RHODES Bull Mastering Probability 

GARY HARLOFF Bear The Intelligent Fund Investor

Gold, now basis the December 2018 future, continued its four-month decline to the recent low near $1167 in mid-August. Fundamentally, trade-tensions and sub-surface price in- flation persist. Technically, gold is attempting to reverse course with a $45+ rebound from its low. Support for the Deccember contract is $1190, $1170, and $1150. Resistance is $1220, $1250, and $1280.

The Consensus is currently Bullish.

Manfred Zimmel is Bullish.

He said a bottoming pro- cess for gold appears to be pretty mature, and could be com- plete at any time, if not already.

Steve Todd is Bullish.

He suggested gold has likely re- versed trend from a deeply oversold condition with potential for a tradable advance.

Barry Rosen is Bullish.

He allows for a test of recent lows in the context of oversold readings and a positive seasonal.background. 

 

Did she know about it? Wouldn’t surprise me.

Posted by ipso facto @ 9:14 on August 28, 2018  

China Hacked Clinton’s Private Email Server: Daily Caller

A Chinese-owned firm with operations in Washington D.C. hacked Hillary Clinton’s private server “throughout her term as secretary of state and obtained nearly all her emails,” reports the Daily Caller’s Richard Pollock.

The Chinese firm obtained Clinton’s emails in real time as she sent and received communications and documents through her personal server, according to the sources, who said the hacking was conducted as part of an intelligence operation.

The Chinese wrote code that was embedded in the server, which was kept in Clinton’s residence in upstate New York. The code generated an instant “courtesy copy” for nearly all of her emails and forwarded them to the Chinese company, according to the sources. -Daily Caller

https://www.zerohedge.com/news/2018-08-28/china-hacked-clintons-private-email-server-daily-caller

Stairs up

Posted by Buygold @ 8:56 on August 28, 2018  

USD down nicely. PM’s up a few cents

These little two or three day moves up always seem to lead to a big trouncing when they’re done.

Hard to see this time being any different

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