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

PPT working hard this am

Posted by Buygold @ 9:51 on November 16, 2018  

The SM is the most important thing left in the US economy

Better get that propped up pronto!

Sokoman Iron halted … sic.v

Posted by ipso facto @ 9:36 on November 16, 2018  

Good Morning

Posted by Kentucky @ 9:29 on November 16, 2018  

I saw this the other day and am very skeptical. Opinions?
https://www.businesswire.com/news/home/20181112005282/en/Precious-Metal-Industry-Leaders-APMEX-Sprott-Launch

USD Getting smashed on Clarida’s comments

Posted by Buygold @ 9:29 on November 16, 2018  

Will Wall Street force Powell to reverse course??

Drop the DOW 10k points and they just might..

aaaa

Billy Idol Celebrates Becoming a U.S. Citizen,….Just wait till he gets his 1st TAX bill !

Posted by Ororeef @ 9:12 on November 16, 2018  

Maddog, R640

Posted by Buygold @ 9:04 on November 16, 2018  

Yeah, Cramer is screaming for the Fed to backpedal on the rate hikes. LIESman had an interview with the Fed’s Clarida this am. He was sort of towing the rate hike line, but dovish too. Yellen always said that they needed to hike rates, so they’d have wiggle room when the next downturn came. Well now they have 3% or so to play with.

Somehow I think Wall Street is going to force them to stop hiking and reverse course – but probably not just in time for Christmas.

As I type, a SM buy program is coming in, no doubt Fed induced.

In view of the dire political situation=Time to reread Kunstlers masterpiece wriiten a few days after the 2016 election

Posted by Richard640 @ 9:03 on November 16, 2018  

America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been turned out to solemnly await the judgment of the courts, nowhere to run, nowhere to hide. The kids on campus have gone temporarily insane over this domestic situation and some wonder if they’ll ever get over it.

Trump as The USA’s Daddy? Well, yeah. Might he turn out to be a good daddy? A lot of people worry that he can’t be. Look how he behaved on the campaign trail: no behavioral boundaries… uccchhh. He even lurches as he walks, like Frankenstein. Not very reassuring — though it appears that somehow he raised up a litter of high-functioning kids of his own. Not a tattoo or an earplug among them. No apparent gender confusion. All holding rather responsible positions in the family business. Go figure….

Judging from the internal recriminations among Democratic Party partisans playing out in the newspapers, it’s as if they all woke up simultaneously from a hypnotic trance realizing what an absolute dud they put up for election in Hillary Clinton — and even beyond that obvious matter, how deeply absurd Democratic ideology had become with its annoying victimology narrative, the incessant yammer about “diversity” and “inclusion,” as if pixie dust were the sovereign remedy for a national nervous breakdown. But can they move on from there? I’m not so sure.

For all practical purposes, both traditional parties have blown themselves up. The Democratic Party morphed from the party of thinking people to the party of the thought police, and for that alone they deserve to be flushed down the soil pipe of history where the feckless Whigs went before them. The Republicans have floundered in their own Special Olympics of the Mind for decades, too, so it’s understandable that they have fallen hostage to such a rank outsider as Trump, so cavalier with the party’s dumb-ass shibboleths. It remains to be seen whether the party becomes a vengeful, hybrid monster with an orange head, or a bridge back to reality. I give the latter outcome a low percentage chance.

Mommy is all about feelings and Daddy’s role is action and that is another reason that Hillary lost and Trump won. We’ve heard enough about people’s feelings and it just doesn’t matter anymore. You’re offended? Suck an egg. Someone appropriated your culture? Go shit in your sombrero. What matters is how we’re going to contend with the winding down of Modernity — the techno-industrial orgy that is losing its resource and money mojo. The politics of sacred victimhood has got to yield to the politics of staying alive.

President-elect Trump may not know it yet, but events are now in charge, not personalities, not even his super-sized persona. Global trade and economic activity have been winding down all year and it’s finally affecting financial markets kept aloft on borrowed money, sending a strong signal through bonds that the borrowed money may never be paid down, and that additional borrowing will cost a whole lot more — so much more that it will bankrupt the nations that issue it.

That alone will make it difficult for a President Trump to scare up the ready cash for the infrastructure-rebuilding fiesta so many expect. And if he does manage to flush the funding out of the banking thickets, it is liable to carry an inflationary bird flu that will end up killing money all around the world. We won’t be worrying about Trans Pacific Partnerships anymore because letters-of-credit will be unavailable to move large shipments of anything from Point A to Point B. How long after that will it be before the supermarket shelves empty down? And in the event, what will the dollar buy?

It looks like the shit sandwich President Obama has carefully prepared and left in the White House pantry for his successor will take the form of inflation, the dying of your money — or, at least, paper currency. Or, if it doesn’t die outright, prepare for the possibility that you might not be able to get your hands on it, as money markets gate their exits and banks restrict cash withdrawals.

Though it’s clearly a loser strategy now, I suspect that the ragged remains of the Democratic Party will persist in amping up their sacred identity grievances to the point of civil strife without ever understanding the economic dynamics in motion. They don’t know what else to do. Plus, they are captives of the poverty policy racketeers. I also suspect that neither Mr. Obama or Mr. Trump will get around to pardoning Hillary Clinton for the racketeering operation of her foundation, of which the private email server was the least issue — rather, the arrant sale of influence and access to the State Department is the heart of the matter, and anyone paying attention knows it, including the incoming Attorney General. If that circus comes to town, Trump could benefit from the distraction it offers the public.

There’s a lot of talk on the Net about Strauss and Howe’s “Fourth Turning” taking stage now. That excellent book, published twenty years ago, posits the turbulent end of 80-year generational cycles in history. (Blogger Jim Quinn lays it out nicely this week at The Burning Platform). Previous Fourth Turning presidents Lincoln and Franklin Roosevelt took the nation through epic bloodbaths and economic dislocation. Donald Trump in terms of demeanor is no Lincoln and no FDR. But he did raise up those children of his somehow, and that’s all we’ve got to go on for the moment.

They were doing GODS WORK ! Maddog @ 8:22 on November 16, 2018 sorry for the dupilcation I didnt see your post..

Posted by Ororeef @ 8:57 on November 16, 2018  

Goldman CEO “Outraged” Over Bank’s Involvement In $4.5 Billion 1MDB Scandal

With Goldman shares in free fall (lending a patina of irony to the bank’s call that US stocks are heading for a bear market), CEO David Solomon is doing some much-needed damage control as the DOJ digs into the bank’s role in facilitating the $4.5 billion fraud at Malaysian sovereign wealth fund 1MDB.

Solomon, who inherited the scandal from his predecessor Lloyd Blankfein (who himself has been identified as the “mystery” bank executive who attended a 2009 meeting with Malaysian Prime Minister Najib Razak that helped the bank secure the deal), told Goldman employees Thursday that he was “personally outraged” by the bank’s role in the scandal, and assured employees that this wasn’t consistent with the bank’s “good work and integrity.”

Not to Worry California can always find water in the Salton SEA !

Posted by Ororeef @ 8:50 on November 16, 2018  

WHAT  ! you mean its twin in RUSSIA the ARAL SEA is a monument to mans Genius  …OK   I gat it…The Russians did it !    California is like Russia ..voter Stupid  !

Well this might be fun

Posted by Maddog @ 8:46 on November 16, 2018  

Everyone screaming to Fed u gotta stop…but Trillions of QE still out there, feeding inflation…..SM too hi to buy…how do you protect yourself and what is the cheapest asset on the planet…..

Buygold=yesterdays bounce was short lived-even I am surprised at how bearish the set up looks.

Posted by Richard640 @ 8:45 on November 16, 2018  

What could possibly be the next rescue fantasy? The china trade deal resolution? I still think besides debt and all the other macro factors, analysts are under estimating the really grim implications of the democrats controlling the house and their growing exreme left agenda.

Just as I was writing I see that gold popped another 5 bucks–now up 7.10–should be an interesting day.

An ugly Friday could lead to a REALLY ugly Monday

Posted by Buygold @ 8:39 on November 16, 2018  

The Plunge Protection Team better spring into action at some point today or will have to do it Sunday night.

Looks like there are some pretty big funds that have decided to unwind their positions.

Nat Gas up 2.5% this am. Even gold is trying to have a little stealth rally – hope nobody notices.

bf1

Canary in the Coal Mine?

Posted by Buygold @ 8:23 on November 16, 2018  

GE could really ruin the SM party IMHO

Blain: “GE’s Credit Meltdown Is Coming At Just The Right Time To Ruin Everyone’s Day”

GE is a company facing a classic liquidity squeeze. What is Plan B if asset sails don’t work fast enough?

Goldman CEO “Outraged” Over Bank’s Involvement In $4.5 Billion 1MDB Scandal

Posted by Maddog @ 8:22 on November 16, 2018  

https://www.zerohedge.com/news/2018-11-15/goldman-ceo-outraged-over-banks-involvement-45-billion-1mdb-scandal

Can we all stop laughing.

He really dosent Learn…He went back to her !!!!

Posted by Ororeef @ 8:03 on November 16, 2018  

John Wayne Bobbitt reunited with wife 16 years after she sliced off his …


May 5, 2009 – John Wayne Bobbitt and his former wife have been reunited for the first time since she sliced off half his penis with a knife 16 years ago. … Lorena Bobbitt, who now uses her maiden name Gallo, claimed Mr Bobbitt still harboured feelings for her despite what happened, and continues …

Seems like that BOBBITT GUY

Posted by Ororeef @ 8:00 on November 16, 2018  

never learns ….His namesake got the Bobbitt treatment (same guy ?)……

BEWARE ya better hide the Black BMW …Authorities searched the home and inspected a black BMW before hauling it away.

Posted by Ororeef @ 7:53 on November 16, 2018  

Homeless Man, Couple Allegedly Made Up Story to Scam GoFundMe Donors

FILE- In this Nov. 17, 2017, photo, Johnny Bobbitt Jr., left, Kate McClure, right, and McClure's boyfriend Mark D'Amico pose at a Citgo station in Philadelphia. When McClure ran out of gas, Bobbitt, who is homeless, gave his last $20 to buy gas for her. McClure started a Gofundme.com campaign …
Elizabeth Robertson/The Philadelphia Inquirer via AP, File
 

15 Nov 2018949

2:31

A couple from New Jersey and a homeless man who captured the hearts of the nation last Thanksgiving when their tale of raising $400,000 for a homeless veteran went viral allegedly made up the entire story.

Prosecutors believe that New Jersey residents Kate McClure and Mark D’Amico conspired with homeless man Johnny Bobbitt to create the elaborate ruse, enabling them to scam GoFundMe donors out of $400,000, according to a criminal complaint NBC Philadelphia obtained on Wednesday.

Investigators say the trio made sure their GoFundMe campaign donors would not obtain information “that would affect their judgment about solicited contribution to that fundraising effort.”

McClure and D’Amico surrendered themselves to authorities Wednesday, but it is unclear if Bobbitt turned himself in as well, a source familiar with the case told NBC Philadelphia.

D’Amico, McClure, and Bobbitt are all expected to face charges, including conspiracy and theft by deception, for allegedly concocting the scheme.

The Burlington County Prosecutor’s Office said it would release a statement providing updates to the case on Thursday afternoon.

The seemingly heartwarming tale began when McClure and D’Amico started a GoFundMe campaign for $10,000 to help Bobbitt get through the winter as a thank you for giving them his last $20 to buy gasoline when McClure’s car ran out of gas in a rough Philadelphia neighborhood.

The campaign went so viral that it surpassed its $10,000 goal to raise more than $400,000.

But the tale did not have such a happy ending after plans to disperse the money went downhill and Bobbitt sued the couple. The homeless man, through his attorney, claimed the couple mismanaged the money by pocketing the funds meant for him.

McClure and D’Amico claimed Bobbitt was addicted to drugs and said they were withholding the money from him until he gets off drugs.

Police conducted a search of McClure and D’Amico’s home in September after a judge ordered the couple to appear in court to account for the $400,000 raised for Bobbitt. Authorities searched the home and inspected a black BMW before hauling it away.

A lawyer representing the couple announced in September that the couple was likely to face charges, and he would no longer be able to represent the couple in the civil matter. But it was not known until Wednesday that Bobbitt played a role in the scam.

 

Gold Train

Posted by Maya @ 1:47 on November 16, 2018  

rrflasher-copy

Cruising the Columbia river gorge
http://www.railpictures.net/photo/676440/

 

Ororeef

Posted by goldielocks @ 0:51 on November 16, 2018  

Have no fear about the costs to us California. Governor Brown is signing bills already to have us pay for it. He treats the citizens like a piece of garbage and their ATM machine. Major dead beat.

Goldcountry

Posted by goldielocks @ 0:48 on November 16, 2018  

Seriously and no order to get out! The same happened to my son in laws older Aunt. She was waiting and not watching not quite there in the head he said. The fire was right across the street too then she didn’t know what to do. Have to check on people like that.
Yep on pushing the people into cities.

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