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

Street running thru Oakland’s
Jack London Square.
https://railpictures.net/photo/702358/

Hindsight being 20/20, I am SO glad my old job prospect at KOMO fell thru in 2008.  It would have been a disastrous finale’ to my career.  My friend there also got the axe but is still working in his 70s down in Florida now.  As it was here I still got the ‘early retirement’ axe, but at least I was able to stay in the islands.

Local news content is driven by ‘ratings’ and they feed whatever the eyeballs want to see.  Being a TV News director is one of the most volatile jobs in the industry.  Bad news ratings, and the News Director gets changed like dirty underwear.

LOL Yes there IS a proprietary “snoozing tax” soon to be enacted.

I’m pretty sure that’s a negative yielding note … 🙂

Get this ………. today I watched the local news, a rarity. They did a few minutes on the Tacoma ICE shooting. Blah Blah Blah never once mentioned that the perp was an Antifa member. I watched closely and they never said it.

Them not saying it speaks the loudest!

Cheers

“Ipso’s Proprietary Market Commentary”

LOL!  I’ve been snoozing thru markets ever since I got rid of all my paper years ago.   So… do I now have to pay the ‘proprietor’ when I snooze?  Hope you don’t charge too much.  Got change for this?

Poll: Swing Voters Recoil Over AOC And Other Left-Wing Progressives

https://www.zerohedge.com/news/2019-07-15/poll-swing-voters-recoil-over-aoc-and-other-left-wing-progressives

Can’t argue with any of that. As long as we’re not plunging into the Pits of Zool I’m OK.

The Worm HAS turned.

I can say with 100% certainty that we’re either going to break up or breakdown in the next week or so.

called a. high level consolidation–it helps bring down the overbought condition [lowers RSI]

My smelly ole NGD keeps cramming spondulaks in my pocked…Thanks NGD< yer the best!

…getting a little traction.

Been having a heck of a time here between new nurses at work and one not so new that needs to go while I’m covering for Someone on vacation. Then get a message my son in a bad way from awork accident where a expandable ladder collapsed sending him down from a roof catching his leg inside snapping it in two and braking his back and can’t leave. Then hear my daughter in ER but false alarm.
By the time I take some time off gonna be wanting to just R&R.
Thinking of you guys though a be real careful. Got this from Twiggs who finally came around with my 1500 target ” potential” but have to be careful now.
Watch the dollar cuz it might be ” currently anyways” the only thing gold will have going for it.
He said:

Gold buying pressure
Long-term interest rates close to zero after inflation, with 10-year Treasury yields testing support at 2.0%, means that the opportunity cost of holding gold is minimal.

52 WEEK RANGE0.25 – 1.20       Not Too Bad!!!

if the USD would cooperate we might be able to get a little bit of a rally going…???

Maybe we just need to consolidate a little longer?

ZZZZZzzzzzzzzzzzzzzzzzzzzzzzzz snort zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

In what we suspect will be immediately greeted by an avalanche of “we’re a nation of (legal) immigrants” and calls of ‘racism’ and ‘hitler’, AP reports that the Trump administration on Monday moved to end asylum protections for most Central American migrants.

According to a new rule published in the Federal Register, asylum seekers who pass through another country first will be ineligible for asylum at the U.S. southern border.

The rule, expected to go into effect Tuesday, also applies to children who have crossed the border alone

https://www.zerohedge.com/news/2019-07-15/trump-no-asylum-central-americans-who-travel-through-mexico

https://ceo.ca/@nasdaq/first-majestic-produces-64-million-silver-equivalent

On Friday they took away the entire gain for gold but couldn’t get it red and it came back $11–the.  dollar is not. a factor today–nor are bonds–this is open and shameless manipulation for all to see–gold up 30 cents. and silver still up 9 cents which is a sign gold should come back…

Precious Metals

The Commitments of Traders (CoT) structure for gold is generally thought to be bearish on a contrary basis.

Sure, gold’s CoT is in a state where a significant pullback could come about. It is also in the state it would necessarily be in after a strong bull move and breakout from very notable resistance. It simply means that large speculators are very bullish and commercial hedgers – of varying flavors (banks, miners and sure, if the conspiracy theorists are correct, a few nefarious enterprises L) are on the other side of the trade, as they always are. So the key question is not ‘who are the evil forces that want to “smash” gold?’ but instead, ‘how long will the large specs be right?’

Well, from 2009 until well into 2011 the large specs were very right until they got wrong as Ben Bernanke finally unveiled (and count me as a conspiracy theorist here) Operation Twist with the intent of killing inflation signals and forcing the yield curve to stop steepening and begin a flattening trend that endured until 2019.

Bottom Line: We should follow the fundamentals and the technicals and leave CoT a distant third in managing the short to intermediate-terms in gold and gold stocks.

As for silver, it’s CoT situation (chart below) is not near an extreme and that leaves some room for a catch-up move and possibly a take over of precious metals leadership. Again, CoT is just one angle of a view into the workings of the precious metals but the alignments are in concert with our current expectation for silver to eventually take over from gold IF the macro is to go inflationary. That’s still an ‘if’ until it happens, but I like the states of the Au & Ag CoTs with respect to a future inflation view.

The Coast Starlight thru California
https://railpictures.net/photo/702368/

(Kitco News) – Pakistan has been ordered to pay nearly $6 billion in damages by a World Bank arbitration court to Tethyan Copper, a joint venture between Chile’s Antofagasta and Canada’s Barrick Gold.

The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) made the ruling in favor of Tethyan Copper back in 2017 but announced the amount in damages owned only on July 12.

https://www.kitco.com/news/2019-07-14/Pakistan-Slapped-With-A-6-Billion-Fine-In-Mining-Case.html

https://www.worldcoinindex.com

Gold already. swatted for $5–still up 4.50 @7:35pm

https://www.worldcoinindex.com

So. with these swings [and thefts] happening several times a month, this system is going to replace the current. world financial transaction structure…?

Sorry to hear you’re not tip top … remember: NIL ILLEGITIMI CARBORUNDUM