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

So, we are drawing ever closer to the bombing of Iran, and that obviously could lead to much higher oil prices, and having figured this out fundamentally, we will now look at what the charts have to say.On the latest 6-month chart for Light Crude we see that the weekend’s incidents generated a big breakaway gap in crude at the open, after which it did its customary drop down to test support at last week’s intraday high, before rallying back to close near to the day’s highs. This move was on very heavy volume which is bullish and looks like the start of a major new uptrend.

On the 2-year chart we can also see that today’s move broke the price out of a large Symmetrical Triangle. A breakout from this Triangle was due, but it could have happened in either direction, with the deciding factor being what happened at the weekend. An interesting point to observe on this chart is how the oil price had become progressively “quieter” as it coiled in towards the center of a logarithmic spiral (not shown), which implies that the move now starting is going to be substantial, especially as it kicked off with a big up day on massive volume.

Once the bombing starts, which now appears to be only a matter of time and probably not so much at that, we can expect the oil price to continue to advance steeply, which will severely impact the already frail debt-burdened economy, and we can expect the stockmarket to crash in advance of this.

I have no clue who did it. I also have no clue why no one could pick it up on radar. As far as them being afraid to die. It’s the only culture that raises their children to learn how too behead a person as a child and prepare for jihad. Aside from Vietnam the only place where they will attach explosives on their children and tell them it won’t hurt them or teach young adults to do it.
A recent video of a man shooting a gun next to a infant terrorizing the infants head to teach him to get ready for jihad. The only thing it’s going to do is make him deaf with psychological problems including loud noises less he’s deaf by then.
Even if they want to live the leaders see them as expendable for their own power trips and I’m sure have their own bunkers to hide in leaving the people behind. Same as the Demos did here till aquske hit one, if it was a quake.

I don’t know if I’m correct or not, the article you posted stated the obvious.

“could only have been done by three countries with military assets in the area: Israel, Russia or the United States. To get the precision of the strikes, hitting five “spheroids” at the exactly same spot on each, requires a country with its own Global Positioning Satellite technology with accuracy of one meter or less. Iran does not have its own GPS satellite. Israel does.”

The idea that the Iranians are anymore nuts than anyone else is bullshit frankly. The US is the only country that’s ever used nuclear weapons on anyone. Israel is the only country in the region that has them and I have no doubt they’ll use them.

Everyone, including Iranians are afraid to die.

Lastly, the Messiah? Brought here by war? Really? Have we learned nothing?

They already claimed they can reach America with their nukes now. So they are admitting they were making them.
They also said they will not negotiate with America or Trump, who does not want war even though they would lose, and like you say they don’t care. It appears to be a ego power trip instead of being responsible for millions of people’s lives and prosperity.
If they can reach America the can reach Europe and they better wake up in the trade department because it appears anything that enriches Iran enriches terrorism.

https://tinyurl.com/yyuw3nok

Iran will soon. be. another North Korea. except 100. times. more dangerous…they believe in. the extreme Muzzie idea of–if necessary–total Jihad–total war–which. would provoke the coming of the Messiah,  his rule on earth-final judgement. and all that good. stuff…they are not afraid to die and take the whole world down with them….they must be dealt with…

So if they. did it–or helped the Hooters–or their troops in Iraq-or. the evil Israelis or the U.S. & Saudis staged. a false flag. attack….it doesn’t matter…if left alone, they WILL build. a Nuke tipped  ICBM that can hit America…

From. Murph tonight=

James Mc

It turned out to be an intriguing day. Silver quietly kept going higher and gold seemed to follow. It was no great shakes, but impressive considering crude oil set back more than $3.

With The Gold Cartel wanting to take the precious metals prices down, three disparate events have muddied their waters in less than 48 hours…

1. The oil attack in Saudi Arabia.
2. The Justice Department calling JPM a criminal enterprise and calling them out as a conspiracy to manipulate the metals markets.
3. The repo story today, worth this special focus:

*Overnight repo rates surged to as high as 8.5% while the Fed’s benchmark funds rate traded at 2.25%, the top end of the range that the central bank targets.

The Fed responded Tuesday with a repurchase operation that ultimately involved $53 billion worth of securities.

*”The issue that worries me more is when financial rates spike like this, unpredictable events start to come up … random things that tend to precipitate financial crises,” said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.

***

The water pot is percolating with bubbles of energy that could send The Gold Cartel into an unanticipated retreat, with one event after another going against them.

As the day played out silver kept on creeping up in most peculiar fashion, closing on its highs of the day above $18. Gold closed well also.

Perhaps it is wishful thinking, but it just may be the JPM scandal revealed yesterday, which is mostly about silver, is affecting the shorts behind the scenes, encouraging some silver shorts to run for the hills before more “S” hits the fan. Today’s upside performance by silver was most unusual considering the history of the way it trades. It is conceivable the Bloomberg story was so horrifying to the JPM gang that some are getting out of their short positions while it is still polite to do so. There is no telling what the silver price can do in the short term if that line of thinking is percolating with JPM and their crooked colleagues.

A friend on FB always getting put in FB jail during elections. They got him twice for posts from 6 years ago. How bad they try to kick off people who speak the truth.
He never personally attacks anyone and speaks like tent about things say the recent attack on Saudi oil. He’s a patriot and addresses the constitution.
He emailed me the site that looks similar to FB. It’s for patriots eliminating the censorship like they did here with Gold Eagle.
Many have been calling for a new FB since FB made it clear it’s on the side of the left. As the elections pick up they will do more to shut down people on the right.

Top oil producers

According to the EIA (U.S. Energy Information Administration), the United States, Saudi Arabia, and Russia are the world’s top three crude oil producers. The United States accounted for 18% of global oil production in 2018. Next came Saudi Arabia, which produced 12%, and Russia, which accounted for 11% of global oil production. Canada and China were, respectively, the fourth- and fifth-largest crude oil (USO) producers.

Perhaps you meant to post that the USA is the largest Consumer of oil….As for oil exports we are only about 4.5% of the world total.

ZH is pumping the doom porn pretty hard on the Repo event this am. Almost makes me wonder if the Fed will cut .50 tomorrow. If they do, we’ll know for sure there is something simmering underneath the surface.

Wonder if that’s what the shares were sniffing out today?

Tomorrow might be more important than we think.

I asked the question about who would stand to benefit from the attack.

Since the U.S is now the largest exporter of oil in the world, we would benefit.

The Russians are I believe the 2nd largest exporter, so they benefit, even more from higher prices than we do.

Israel benefits, because Iran is blamed, and a war on Iran weakens them tremendously. Israel’s ambition is to be the sole superpower in the region.

IMHO – Iran is a big loser in this whole thing. War disrupts their last remaining source of income which is black market oil.

see it. all here

https://twitter.com/miningjunkie?lang=en

Did The Fed Fail: Repo Rate Refuses To Drop

https://www.zerohedge.com/markets/did-fed-fail-repo-rate-refuses-drop

It looks like O/N Dollar rates were as Hi as 10 %, that normally means someone is in in big trouble, as no-one will lend to them at anything near normal rates and that the amount they need is v large…..

It is normally a sure sign of a bank run starting…….but so far we hear nothing, it might be a technical glitch, it might not.

Part of the problem is that the big banks don’t care/worry, as they correctly assume the Fed will bail it all out, in the old days when the Prime mkt was partnerships, u had a real mkt, because the money was the partners and if XYZ was in trouble, they pulled lending at anything less than penury rates or completely…..

But it sure ain’t normal or healthy.

Israel stages F35 Saudi attack after Putin’s smackdown of Netanyahu over Syria

With all the radar in the skies re commercial airlines, they should be able to see where the drones took off from, their altitude speed etc. Most story writers want their stuff to be read, so they exaggerate or lie to attract readers. (note Supreme Ct Kavanaugh)

They also tend to make short stories long. I make long stories short. With mechanical engineering you learn to design things with simplicity and minimum number of needed parts. (or words with a story) Note the COMPLICTED modern cars with numerous unneeded parts, that turn your check engine lite on. Even a damn Gas cap with a crack in the gasket, will turn that lite on.

Who is responsible?

Yemen’s Houthi rebel group, which has been fighting Yemeni-government forces and their Saudi backers since 2015, claimed responsibility for the strikes on Saturday. On a television channel run by the group, a military spokesperson bragged of a “large-scale” operation using ten explosive-laden drones to attack the facilities at Abqaiq and Khurais. A spokesperson called the attack a “legitimate and natural” retaliation against Saudi aggression in Yemen.

http://nymag.com/intelligencer/2019/09/everything-we-know-about-saudi-oil-attacks.html

What happened to the idea of flying to an exact GPS coordinate? Or using lasers and directing warheads at lasered targets? Lots of possibilities

Share investors are very different than futures investors, and today it seems like the share investors are saying F U to the wimpy Futures prices. My imagination?

Got to agree with Kim on the JPM gold scandal thingy. It’s just more misdirection.

They think we are all stupid.

With the heat turning up on JPM, the Rothchilds signaled a baton hand-off the other day announcing their re-entry back into the PM rigging business. (they never left) That was the idea behind the announcement, to let their ilk know what was going on.

Now you can expect the daily pattern to show strength during the CME daily session, and relative weakness after hours, as da London Boyz keep a lid on prices.

Take that assholes.

Cheers all

Ipso – yeah, good volume in the large caps too.

ZeroHedge saying in their lead article something about the Fed doing $53 Billion in “QE lite in the Repo market this am because of a Liqudity crunch? Sounds like full blown QE is the next step.

Maybe something going on underneath the surface.

Nice to see the shares doing well with gold doing little. Gives me a warm fuzzy feeling. 🙂

Me too. Nice little stealth rally going on in the shares today.

Sure would be nice to see the shares lead us higher for the first time since the bull run started.

We’re effed then!

I’m sure my friends with Alexa, siri et al will be delighted. People are oblivious.