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

Kitco up now.

I hope you didn’t buy any of those Republic Silver bars!

BBL

Just before Republic went into bankruptcy .

Anyway , here is gold this morning at Kitco site . Silver is also flatlined .

Russia has put two nuclear capable bombers on Venezuelan soil … is there a panic among TPTB that the PM markets will do a moonshot today ?

Did they forget to pay some of their bills? Some would call it conspiracy. 🙂

What news or holiday am I missing ?

They have never lost money on their paper short trades , and at the same time have accumulated physical ( 750 million ounces ? ) at the bargain prices they have created for themselves . When they reverse course on paper , they could have a ten bagger on the physical.

Would that we had the power to do that well !

my memory gets worse by the day, but as I remember it – JPM “inherited” Lehman’s silver short.  JPM didn’t have a big pike of silver back then.  Now they have the biggest pile ever.

My question, and fear, is why?   for Profit?…. or for Control (of the silver price)?

My long range laser ultrasonic detector hears a crack forming on that rock formation , BEHIND HIM ! And growing fast !

I think he needs some safe space. He needs to go home to his mansion and cuddle in the arms of his mother … err wife. 🙂

one of those “rip your face off” rallies in silver today.

PPI showed inflation running a little hot. Seems to be helping silver, copper, palladium etc.

If anything has some catching up to do it’s silver.

Europe Has A New Problem: Macron’s “Populism” To Blow Out French Budget Deficit Far Beyond Italy’s

https://www.zerohedge.com/news/2018-12-11/macrons-plan-blow-out-budget-deficit-prompts-italy-ask-what-about-us

Certainly JPM hasn’t been a friend to us goldbugz rather they’ve been the main opponent of honest money and honest pricing, and I’d agree that they seem to have a disproportionate power over prices on the crimex. That having been said, there’s a whole lot in the world that is not in JPM’s control … and Ed Steer’s opinion no matter how learned is only one guy’s opinion. JMO 🙂

In the old days I thought it was a no-brainer a slam dunk that the precious metals would thrive on the back of the mismanagement of the economy. How awfully wrong that turned out to be … so far at least, but this game is not over.

Cheers

Very sorry to hear about Brrmyster’s health crisis. Hopefully she is able to get through this and will be OK. My prayers are with her.

ipso

Well, I suppose Steer could be right about JPM and silver. So that would mean that they “allowed” it to go to $50 in 2011. If that is the case then maybe we just have to hope they allow it to go up again sometime in the near future.

There are so many commentators in pm’s I wonder if any of them really know. There’s no doubt that pm’s are manipulated.

Looks like the SM is poised to bounce today but pm’s might just rally with it. We’ll see.

Give my best to Brrmyster.  I spoke to her on the phone after the whole thing collapsed.  Tragic for all involved.

Winedoc

For you wanderers in the desert.  Golden desert sunset on a silver train
http://railpictures.net/photo/677482/

You made reference to the feeling that you had been wandering in the desert for a long time. Today I was discouraged that we may be wandering in the desert for an indeterminable time in the future. That discouragement came as I listened to Ed Steer on a HoweStreet link that Overton posted on Goldtentoasis at 21:05 on 9 December. Ed Steer’s comments are near the end of the hour and a quarter HoweStreet discussion that Overton posted. The main point from Ed Steer that hit home for me, and hit home hard, was that the only thing that mattered in the pricing of silver was JP Morgan’s control of the paper silver price on the Comex. During the interview, Ed Steer, who is a director of GATA, answered several different questions in the same way, namely that nothing will change in the pricing of silver until JP Morgan decides it is time for a change. His focus was on the pricing of paper silver, but I think he was applying his viewpoint to gold as well. Steer’s comments were sobering. Cheers. Equiz