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

A few years ago, Jim Sinclair predicted the price of gold would hit $50,000 per ounce, and some laughed at him. Now, Sinclair says, “$50,000 per ounce price of gold would be a very low estimate. I will tell you one thing, $1,200 per ounce is a joke.”

Holter says, “Equity markets are levitated. Interest rates have been dropped to zero. Gold and silver have been suppressed. The reason being is the markets have to support the MOPE (Management Of Perspective Economics). In other words, they have to be able to point to markets and say, see, everything is okay. Just look at the markets.”

Sinclair says, “It’s a product of a psychological operation, if you will.”

Sinclair also says, “It’s going to be a Friday to Monday event. There is going to be an explosion, and the explosion is a change. It may blow your mind, but the explosion would not be three or four months or a year in upticks in these items (gold and silver prices). Oh, they are going to uptick. That’s for sure. The finality of this is going to be the reset. . . .It is going to be something entirely new that doesn’t exist now. It may be engineered and not happening by natural causes. . . .You need to know who President Trump is, what he is a master of and what tools he has used effectively as part of his business. It’s not “The Art of the Deal,” it’s the science of bankruptcy.”

How bad is it going to get? Holter sums it all up when he says, “The world is Venezuela.”

Join Greg Hunter as he goes One-on-One with Jim Sinclair and Bill Holter of JSMineset.com in an in-depth exclusive interview.

After the Interview:

Comments and input

*Trader Rog…

to bill on friday after the cot report

hi bill,
yesterday you posted an article by graham summers looking for a collapsing dollar. well, the commercials are short the dollar by an amazing 36.08 to 1 ratio. 40,735 short, and 1,129 long. exactly one year ago this ratio was only 1.38 to 1. two years ago it was only 3.72 to 1. The 2015 figures don’t seem to be available. i cannot find a historical chart showing the positions, but you can see the point. if the big banks are this massively short the dollar how can it not fall very soon? i don’t know if they have ever been this massively short the dollar. this would be a godsend.
best,
roger

After asking Rog if he was still short his 20 silver futures contracts…

i’m still short

*********************************************

hi bill,

the OI for silver is still 244,000.
the trends are still strongly down for gold,
silver, XAU, GDX, HUI, SIL and everything
else. there is no support anywhere.
i don’t trust the cot report with the amazing
low gold commercial short position. we got
fooled when silver went under 3,000.
i have a small loss, but am staying in.
SOMETHING IS HORRIBLY WRONG, but
we don’t know what it is. yes, we all
feel this is the Final Capitulation, and it
most probably is. i feel the Big Banks
are going to take prices lower, dump their
shorts, and go long. how low? who knows?
$12 silver could be possible. all this should
happen this fall in the next three months.
reality always wins in the end. manipulations
always end exactly the opposite of what they
were intended to accomplish.
this 7.5 years of misery and disappointment
have separated the men from the boys.
best,
roger

I saw a UFO back in the mid-70s at the Minnesota State Fair.  Was sitting in the stands waiting for Linda Ronstadt to sing when I looked up at the starry night.  I spotted what might have been a satellite crossing the star field.  But it looked different than the usual sharp spot of light.  It was more yellow, and sort of diffuse or fuzzy looking for a small moving spot.

My first reaction, thinking to myself, was:  “Wow.  Funny blur.  I wonder if that is a UFO”.  What happened next was shocking.  The thought entered my head: “Yeah… Watch this!”  And then the funny blurry star made a right-angle turn, travelled sideways for several seconds, then made another right-angle turn back to it’s original path… and disappeared behind a cloud.

I have no doubt that I had a telepathic contact from that thing, and it purposefully demonstrated some non-aerodynamic motion for me.

We never lost power, but had many ‘flickers’ and there may have been localized spot outages I didn’t hear about.  But the island grid stayed up.  I got an old 5kw generator at the swap meet months ago.  When Hector came along, I got it out and tried it and found the carb was fouled, so it went into the Briggs & Stratton shop for repairs & cleaning.  I also picked up the 240v. connector plug and line to hook it into the house power.  So the generator was available to keep the freezer & microwave house lights on.  Glad I didn’t need it.  No fun to connect wiring in the breaker box while standing in flooding rain.

“Birds of a father flock together”. USA allies with Communist Russia and Communist China. What does that tell ya? Joe McCarthy in the ’50s was complaining about communists in the movie industry, but the deep state media squashed him.

Decades ago I read a book that it was decided near the turn of the century re Bolshevik revolution, that “they” wanted USSR to be a communist country and not be competition for the USA.  Also decades ago I read the Fed Res Act of 1913 was created so the USA finance wars.

Four years later after all the printing, the Americans got shoved into WW I, then the inflationary 1920s, the depression in the ’30s, Gold ownership banned in 1934, and a NEW round of printing or borrowing for WW II, Korea, the highway system, Vietnam, the moon landing etc etc until 1971.

From ’34 to ’71 we lost half our Gold supply at $35/oz, and they stopped it in ’71. And proceeded to remove our domestic industries. The gas lines, .25/gallon to $1.30/gal for gasoline. Rates 5% to 21% 72-82.

He said it would interfere with his objectivity. Objectivity to what, the rule of law?
https://www.nbcnews.com/video/sessions-says-he-will-recuse-himself-from-any-clinton-investigations-851626564002?v=railb

that Trump was able to do a deal to replace NAFTA with Mexico. Hopefully he’ll be able to do the same with Canada.

Let’s see what the nastiest hour of the day has in store for us. I we could close here it would be a minor victory.

They are covering up that there were at least the bankers who interfered in the Russian elections to gain control of the gold, platinum, diamonds, and oil. I was asked to invest $10 billion into their Hermitage Capital venture and refused. We have Browder running around claiming to be Putin’s number one enemy, but NOT a single news organization bothers to verify the facts or even see that it was Edmond Safra who controlled Hermitage Capital. Browder took control only AFTER Safra was killed – probably by Putin.
The Deep State is fighting very hard and needs to take Trump down to ensure this story that there were people in the USA attempting to interfere in the Russian elections back in 1999 which is how Putin even came to power. They fight to make sure this story is NEVER exposed and becomes covered by the mainstream press. Proof that this is a cover-up, the Senate unanimously passed a resolution that stated Putin can NEVER question any Americans about interfering in Russian elections. They would not pass such a resolution UNLESS there was something to hide. If Putin is crazy, then say yes, Mueller gets to question Russians and let Putin question Americans. You refuse such a deal ONLY because it might expose something. This was UNANIMOUS confirming that it is BOTH Democrats & Republicans – the Deep State.
They will blackmail Trump to keep this all quiet. They really have to take him down for this reason. They are covering their ass.

What Politics Regards us as the Great Unwashed & We the Subjects not People

Today, a cup of coffee is around $2 a cup or 20 silver dimes. That’s 20 times more than the late 1960s when a cup of coffee around here cost .10 Cents each or ONE Silver Dime.

There are 715 pure ounces of Silver in $1,000 face value.  So 20 times face value, on a ten cent silver dime. Silver today would have to be $28/per ounce to be equal to the old .10 cent cup of coffee.

Double check my math.

You still have money left after all these lows? The year ain’t over yet either.
One thing although these low lives have a lot of tricks up their sleeves is when the year finally ends we will finally have the yearly low or not to determine any possible direction. Until then the only thing I see is temp bounces.

[I feel this is important-hence, I am posting the entire article–I have no link that would work–Mike’s a good guy and I am sure he wouldn’t mind]–DYOD

Gold and Gold Miners
Sunday, August 26, 2018

Michael J. Ballanger

Back up the truck…

Feeling the psychological effects of a 4 1/2 month decline in gold and silver prices, I decided in July to refrain from trying to fight the forces of intervention and suppression for the balance of the summer and instead try to focus on companies that carry sufficient project strengths so as to (hopefully) withstand the debilitating pressure of commodity price weakness and ensuing investor apathy. However, the last two COT Reports (for gold and silver) have changed the landscape in a serious fashion to the extent that I now feel comfortable in calling the August 16th capitulation low in the December gold contract at $1,167.10 as “THE” low for the move and for the year. It further appears that the Senior and Junior Gold Miners have also marked their respective 2018 nadirs with the HUI touching 138.96 the very same day. The wretched TSX Venture Exchange limped into its 2018 low on August 15th with a print of 665.35 in tandem with copper where the December contract had its 2018 low at $257.45/lb.. These are across-the-board synchronized correlations and as I wrote about last week, the computer-driven “algobots” exacerbate and exaggerate every short-term trend in virtually all markets around the globe and since they never sleep, when Chicago shuts down, London picks up the reins and when London retires for the day, Tokyo carries the mantle such that over and over and over again, the pattern-recognition-driven algorithms implanted into the brains of the algobots feed upon themselves and overshoot their marks every single time, as happened on August 15th and 16th in (again) ALL markets. Now these pulse-less, robotic vermin are trapped and quite possibly, in deep trouble.

I wrote last week that the August 14th COT Report was “wildly bullish” and indeed the lows were seen immediately thereafter as we did indeed get that “massive reversal in volume to the upside” that we were all praying for. Below I have posted the August 14th COT and beside it is the August 21st  COT so you all can see just how “crowded” the gold-short trade is right now. It is already nearly $50 off the August 16th lows and we aren’t even through August yet. What pleases me to no end is that the seasonality trade finally kicked in so if the Indian wedding season (“Diwali”) and the restocking by the Italian jewellery trade is the fuel and fan required to ignite this tinderbox of dry twigs, we may be about to witness one of the biggest short squeezes of the last fifty years. Mind you, those Primary Drivers I spoke of last weekend are still forces with which to be reckoned and while I am placing bets on the good guys, I want additional evidence that the algobots have flipped over to “BUY” mode which means these idiot computers will keep covering until they have stretched the market into massively OVERBOUGHT territory.

The SPDR Gold Trust (ARCA) (GLD:US)(U.S.$114.16) is the proxy most popular for the institutional community and is therefore highly liquid and infinitely visible. The GLD October $115 calls at $1.60-1.75 look friendly as a speculative bet on my earlier thoughts and might even surprise us as no one truly knows the impact of an algobot-driven, MINDLESS short squeeze if it grabs hold in the Crimex gold pit. The underlying premise for this trade is the notion that the elasticity of the gold volatility band will allow the ‘bots to chase the market to an egregiously-overbought condition which, I should add, is somewhere around $127-129 on the GLD which was the range the last time RSI pressed through 70 (back in January). What I am targeting for this trade near-term is a range between the 50 and 200 dma marks at $116.44 and $122.38 respectively. With zero premium, that gives me a printed range of $1.44 to $7.38 as an exit price for the calls. If we get an acceleration to the UPSIDE approximately equal to the same downside deceleration seen in the past few months, the returns could be scarily-good. If the “best-case” algos-gone-wild scenario takes hold, these calls will be worth $12-14 and I will be re-stocking the bar with single-malt by the liter as opposed to the “local blend” by the barrel, a welcomed change in all aspect and view.

As always, look in the mirror before you act upon these “suggestions” and make damn sure your wife knows about your activities because if you wind up blowing the money that was supposed to pay down your brother-in-law’s credit cards, you are going to be sleeping in the guest bedroom. You will also be getting a visit from your brother-in-law’s biker buddies over his drug debt, an item the nature of which his sister (your wife) conveniently forgot to mention AFTER WHICH you will be accused of gambling away the “family fortune”, the origin of which was entirely the product of your work and effort. Life, as we know it, takes all turns and trials.

Back up the truck and caveat emptor.

MJB

My bet is that he lined up a lucrative deal on the outside , based on his Security Clearance .

…that is , while he still has a security clearance .

I see NO reason that an ex-intel officer has a security clearance to see full , unredacted documents that our Congress apparently cannot see ! This is absolutely nuts .

Right on Mc Cain I won’t watch it either.
The guy lived in a mansion while they’re putting him off as a public servant. Look what happened to you when your wife got sick. You have to worry about bills and have no help at home while your away. He didn’t have to worry about any of that and no interruption of pay while he’s sick. Yet he would vote to cement in high cost of health care to others s through Obama care and less good results to the patients where bottom line is profit for them. They found his tumor through a physical when they checked his eyes found a blood clot.
How many people stuck on these costly insurance get a real physical. They go in get asked for blood test and if they want vaccines that’s it. That’s their physical. Total joke, they check nothing less you mention it.

Sounds like your wife could benefit from rehab if they have a good rehab. A lot of these rehab helpers here anyways are personal trainers too that could help her with a exercise plan.
First have to deal with what ever is making her fatigued if she was fatigued prior to getting sick. There is a bias with women sometimes because they complain less, less they have to say something that it’s all in their head. If it is a man they look for a illness. A example is a woman fatigued no energy and joint pain wound up on ICU almost died from Systemic Lupis flair up that affected multi organs at once. They didn’t know she had it prior to almost dying because doctors didn’t bother looking for what was ailing her.

I had a bit of an epiphany the other day.

Long story.  Summary follows

I was talking to the Property Manager of the vacation property across the street.

Blah, blah, blah….   to the point…

She said she pays $25hr for a cleaning person, but she has trouble finding them for that.  Others PMs pay $35+/hr.

I like her and the owner and said if she had an emergency where she needed somebody she could contact me and I would help her out.

Then I thought about it.   I wouldn’t want to be paid the $25-35/hr. in FRNs – I would request to be paid 2 oz Silver/hr instead.

Then I thought about it some more – What if other workers took their pay in oz. Ag at the going exchange rate of $14/oz ?

What if the workers at McDonald’s did the same –  and at Boeing Aircraft…  …..and….  and the millions of retired gov’t workers.

A decent hamburger costs about an ounce of silver.

A six pack of decent beer close to it.

When one thinks about what it takes to get an ounce of silver in hand – exploration; financing; mining; refining; coining; wholesale & retail markups; delivery…..

Silver is ridiculously under valued

Ororeef – I can’t even watch FOX news the last few days. Talking about McCain being a hero and great public servant. He enriched himself, never found a war he didn’t support – he was the model swamp creature.

Ipso – probably a decent time to buy. I’m still seeing the same games today though. USD weakening further and gold weakening with it. Stairs up, elevator down.

How talking machines are taking call centre jobs

The biggest threat to jobs might not be physical robots, but intelligent software agents that can understand our questions and speak to us, integrating seamlessly with all the other programs we use at home and at work. And call centres are particularly at risk.

https://www.bbc.com/news/business-45272835

She is actually on probiotics now but wasn’t on them prior to the C-Diff as far as I know.

Still a long road for her. She’s really weak, tapering off pain meds slowly. Another surgery in the next six months provided she is strong enough and not a risk. She needs to change her lifestyle, eat better, exercise more, etc. Those are things I can’t do for her. I can push her when I’m not at work – but she needs to be able to motivate herself too.

I’m glad your wife is recovering. There’s so much that can go wrong with internal organs and sepsis. I’m surprised they didn’t give her medicine or probiotics to help prevent Cdiff though but at least they got her through. That is dehydrating so she needs to keep fluids up including electrolytes. You can either add them or put it in the water. Plus it will help flush out the kidneys from all the medicine. So water, electrolytes.

Your bright orb now that made me laugh although it hurts to laugh right now really sick with this medicine. Plus that medicine also affect healthy skin too. I look like I fell off a bike face first so kinda hurts to laugh. I tell the girls hey I found a chemical peel. I think their cool with that one though after they saw what it did to me.

Just days after his diagnosis in July last year, he ignored medical advice and flew from Arizona to the Senate to vote down a Trump-backed plan to scrap Obama’s signature healthcare law. In October, he lambasted the president’s foreign policy as a “half-baked, spurious nationalism cooked up by people who would rather find scapegoats than solve problems”. And last month, when Trump refused to back his own intelligence agencies over Russian president Vladimir Putin in Helsinki, McCain described it as “one of the most disgraceful performances by an American president in memory”.

And yet, future historians seeking to understand the man and his time will surely revisit that day in Dayton, when McCain forced a smile and introduced “the next vice-president of the United States, Governor Sarah Palin of the great state of Alaska”. They will consider what it foretold, and ponder why a man of decency and honour opened the door to demagoguery in America.

From the gold camps of Ontario to the diamond fields of southern Africa, the world’s largest mining groups are turning to a new technology in the race to get ahead of competitors.
That technology is air, according to mining engineers and consultants: Barrick Gold, Goldcorp and a handful of go-ahead players have all begun piping, blasting and even firing gas in imaginative new ways that could alter the industry forever.
State of the art air technology has already blown open the diamond market and is “just starting” to get into gold and base metals, says a process engineer working for mining consultant Hatch, speaking on the basis of anonymity. Tonnage travelling along a conveyor can be scanned like airport luggage, before being blasted with air guns to separate ore from waste. “Everyone with a copper mine is pretty excited about it.”

cont. http://www.globalminingobserver.com/air-technology-bulk-sorting-202

Not much of one! PM share gains looking rather meager so far. Might take some time for all the pessimism to disperse. I’m actually hoping that the shares don’t run away here … sent some new money to my brokerage account last week, first time in 15 years.

If we can manage to keep these small gains today, would that be called “follow-thru”?

Been out of town for a few days. I see your wife is much improved. I’m very glad for her and for you! ^5 🙂