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

Can. the easy money regime still save gold from oblivion? It certainly. shows no sign of reversing! On Bloomberg this. a.m. they said theECB is “out of bullets”

Posted by Richard640 @ 8:09 on July 1, 2019  

China Slumps Into Full-Blown Manufacturing Contraction Following “Awful” Asian PMI Prints

June data highlighted a challenging month for Chinese manufacturers, with trade tensions reportedly causing renewed declines in total sales, export orders and productio

SLV down. now 2 but even that is amazing…

Posted by Richard640 @ 8:03 on July 1, 2019  

Surprised SLV is flat

Posted by Buygold @ 7:47 on July 1, 2019  

with gold down $18

we’ll have to see if the scum comes in at the Crimex open with one of their patented billion dollar notional dumps inside a minute

PM shares will probably tell us a lot today.

Rick’s ‘Morning Line’ for Monday Traders Hot for a Lousy Trade Deal

Posted by Richard640 @ 7:40 on July 1, 2019  
Rick’s ‘Morning Line’ for Monday

Published Sunday, June 30, 6:30 p.m. EDT
Trump may not get much of a trade deal from China, but you can count on Wall Street to milk even a lousy deal for all it’s worth. His concession to Huawei in order to get talks started again was a major comedown for the U.S. It will doubtless please the Wall Street Journal and their ilk that the blackball has been lifted against Huawei, a telecom biggie that buys many components from Silicon Valley companies. This is ironic, however, because the Journal itself has recently done some exposés describing in scary detail how Chinese tech companies like Huawei spy on customers with tiny, embedded microprocessors that collect sensitive data and transmit it back to Beijing. Some of these devices evidently so small and cleverly hidden that even cybersleuths poring over compromised motherboards with microscopes cannot detect them. Trump knows this but apparently is willing to overlook the threat in order to have good news to report from the G-20 meeting.  “Hey, we’ve gotta do business with these a**holes,” is probably what he would tweet if he could let it all hang out, but even Trump has his limits.
DaBoyz ‘Revved Up’

On Friday, U.S. stocks took a prescient leap in the final hour. The Supersmart Money may already have substantially discounted whatever positive news on trade is still to come. Expect the trade-desk-chimps’ algorithms to react reflexively when U.S. markets open Sunday night. On the erroneous but convenient and universally agreed-upon assumption that the Trump/Xi deal will jump-start global trade, we should see strength in crude oil and gold, weakness in bond prices, and a short-squeeze on index futures. They seem to rise more on ‘good’ news than fall on bad news, so it will be a net gain for the Masters of the Universe. They should have quite a week, considering that the Fed has been intimidated by Trump and the Street into a new round of easing, presumably starting in July. The only wrinkle we could foresee is an unexpectedly fabulous deal with China. Were that to occur, the charlatans and dwarves who run the central bank might be forced to pretend, at least for a few days, that easing has become less likely. Yeah, sure.

Silver almost. unchanged–down just. a penny & 17 cent off the low–gold 13 bucks off the low

Posted by Richard640 @ 7:32 on July 1, 2019  

-The $ is .245 off its high—the 10 yr note is only down 11/64ths–these numbers offer a straw or two to grasp for a turn back up today or tomorrow

Easy money policy around the world is still intact–ditto the FED–remember the change in FED policy to easing was the alibi that got the long-delayed gold rally in gear–now, suddenly, that doesn’t matter–so gold traders have to be on alert

NEWS OUT TODAY=

BERLIN, July 1 (Reuters) – Activity in Germany’s export-dependent manufacturing sector contracted in June for the sixth time in a row, a survey showed on Monday, as weaker demand weighed on new orders and led to a fall in employment.

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http://futures.tradingcharts.com/marketquotes/SI_.html

http://futures.tradingcharts.com/marketquotes/GC_.html

http://futures.tradingcharts.com/marketquotes/DX.html

Happy Canada Day

Posted by winedoc @ 7:10 on July 1, 2019  

images

 

Winedoc

Maddog–nothing has changed regadring interest rates–The FED will cut rates in July–look at the time tamp on this article

Posted by Richard640 @ 5:14 on July 1, 2019  
Economics

Clarida Says Fed Will ‘Act as Appropriate’ to Sustain Expansion

 
July 1, 2019, 3:32 AM EDT Updated on July 1, 2019, 4:11 AM EDT
  •  
    Vice chairman says the U.S. economy is in a ‘good place’
  •  
    Investors expect Fed to cut interest rates at July meeting

Federal Reserve Vice Chairman Richard Clarida said many U.S. central bankers see a stronger case for easier monetary policy relative to the outlook just two months ago.

“We will certainly act as appropriate to put in place policies that sustain the economic expansion, and the strong labor market and price stability,” Clarida said at a Bank of Finland conference in Helsinki on Monday. He cited mounting uncertainty for global trade and growth, and investment plans by U.S. businesses.
U.S. central bankers left the benchmark lending rate unchanged at their June 18-19 meeting, while pivoting toward a rate cut. The central bank said in its statement that “uncertainties’’ about the outlook have increased and that it will “closely monitor’’ incoming information.
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MADDOG=there may be one crucial change that traders who. are long. this current rally with profits should consider. That is: are the commercials., the big bullion banks and the PPT back in. charge of gold–they haven’t been for 2 or 3 weeks….never mind sbout. the high RSIs or that the $ is up .400 today…or that the 10 yt note is down 30/64ths….none of that. has mattered…traders must consider that the entire rally still could be reversed…gold may have lost its immunity or “bullet-proofness”…nothing is certain…the rally still could be on—this could be just the ‘Healthy pullback”…but we know that gold is a special case and that the spectacular “technical breakout” could all be reversed…
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News only. affects gold negatively–stocks go up because all news is bullish for stocks–stocks are telling up that with or without a trade deal OR RATE CUT they will rally
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the only positive or “diagnostic clue”. in golds favor is that silver is only down  5 cent…
JNUG is down a hefty 7.7%—silver miners WPM and AG are down 3.5% each despite silver barely down—could be worse by 9:30…

Not that the scum care

Posted by Maddog @ 3:35 on July 1, 2019  

But Gold broke out due to the ECB capitulating over Money printing and the likelihood of the Fed following….todays news might help, but it is no guaranteed cure at all.

What a perfect scumday

Posted by Maddog @ 3:14 on July 1, 2019  

2nd wave hit at 6 am London time, buying Dollar and SM, selling Bonds and of course PM’s and has been non stop now for last 2 hrs plus.

Silver Train

Posted by Maya @ 2:01 on July 1, 2019  

rrflasher-copy

Silver zephyr thru the Rockies
https://railpictures.net/photo/699294/

 

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