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

“If in the next wave of drone attacks 18 million barrels a day of Saudi crude are knocked out, it would represent a catastrophe of epic proportions. The US does not want the Houthi to believe that they have such power through such fourth generational warfare as drones that cannot be defended against. But they do. Here is where a tiny country can bring down not only a Goliath such as the US, but also the whole world.”

“It would not be possible to bring Iranian crude on line for the world to replace the rest of what was destroyed,” said one.

https://www.zerohedge.com/geopolitical/escobar-how-yemens-houthis-are-bringing-down-goliath

Certainly the table appears to be set for the pm bears when it comes to gold, silver and the shares.

COT’s are unbelievably bearish when it comes to gold and silver. The fact that the HUI didn’t even eclipse the highs from 2016 is pretty concerning. Almost reminds me of 2011 when gold made new highs, but the HUI did not.

Pretty concerning.

Not sure if I hope all those folks hoping for war with Iran and the end of days get what the are hoping for, but it’s definitely out of our control. They all gotta do what they gotta do. I’d like to see my kids live to see a better world, but I have my doubts.

Well, let’s just go over a couple of things you said there. So, candidate Trump said he was going to pay off the national debt. And let me caveat this by saying that I voted for President Trump. I think he’s infinitely better than what we have to face possibly in November of next year. But candidate Trump said he was going to pay off the national debt, which was under $20 trillion is like $18, $19 trillion at that time. It’s now $22.5 trillion.

So, not only did we not pay off the debt, we’ve added to it, and we’re adding to it now at the pace, as you correctly point out, of over $1 trillion per annum. And this is when the unemployment rate, Mike, is at multi-decade lows. And when we have the next recession, when the automatic stabilizers kick in, welfare, food stamps, unemployment insurance, =. And that’s assuming that the interest on the debt stays quiescent. So that’s a pretty big assumption, by the way, so we could be adding close to 15% of GDP, 15% of GDP per annum to our national debt. That’s how scary things could be.

And who’s going to buy all this debt? And at what interest rate? We were talking about repo market before, banks are loaded with Treasuries. By the way, these treasuries have a zero risk rating in the capital ratios. That’s how they’re calculated. What happens when these Treasuries really tank in price, what happens to the bank solvency? So, that’s a big question for us.

You and I talk about things all the time about how awkward and how tenuous and fragile the global economy has become. But so far, it hasn’t really become acutely manifest other than we had that little slight hiccup. We had one in 2016, we had one at the end of 2018, but central banks are doing something. Global central banks have printed $22 trillion worth of counterfeit money in the past decade to re-inflate asset prices and try to make the massive $250 trillion global debt pile serviceable. That’s a tremendous amount of printing to paper over what’s really going on in the world.

Let me repeat that. $22 trillion worth of new money, of fiat paper, has been created in the past decade. Think about that.

https://www.gold-eagle.com/article/michael-pento-scary-warning-signs-cash-funding-markets

They’re blocking this on FB. Clobes Pushes pharmas on damage control. Someone managed to get it posted from another site.
It kept saying it goes against their community standards. So much for their community standards. Paid for by pharma?

Catie Clobes’ Story Drives Big Pharma’s Hit-Squad Into Damage Control

Your posted Gold charts, look almost the same as US Dollar charts below.

http://schrts.co/CeFAMXcD

http://schrts.co/IZkjRdZH

Nestle Steps Up Testing After Finding High Levels Of Dangerous Weedkiller In Coffee Beans

https://www.zerohedge.com/markets/nestle-steps-testing-after-finding-high-levels-dangerous-weedkiller-coffee-beans

The attacks in May and June on Gulf installations and shipping were the first shot across the bow. The downing of a U.S. drone was another step up the ladder of escalation. These larger attacks are the third step. So far the attacks have drawn no significant retaliation against Iran and also no breakthrough on their goal of lifting at least some sanctions.

President Donald Trump is in a very difficult position, largely of his own making. He signaled a great reluctance to retaliate or escalate after the drone downing, and later fired his hawkish national security advisor, John Bolton. These are likely seen in Iran as signs of weakness, which in a sense they are, and encourage further escalation.

Trump and Iran have each other over barrels. Trump’s sanctions are badly hurting Iran, and their escalation is putting enormous political pressure on him.

If he does nothing, the Iranians will keep raising the temperature and oil prices will steadily edge upward, impacting his reelection campaign. If he retaliates militarily, the Iranian Revolutionary Guards will take the blow and then have license to stage a larger counterstrike in the Gulf, driving oil prices more steeply upward. If Trump concedes and extends waivers or suspends a few sanctions, he might defuse the crisis, but he will look very weak politically.

What he is trying to go for is a quick photo-op negotiation in which Iran gives some minor concessions on sunset clauses and perhaps the range of its ballistic missiles, and he can relievedly announce the lifting of at least some sanctions, and trumpet the “Trump Deal” over the terrible Obama one. So far, the Iranians are playing hard ball and not offering him that off ramp. Indeed, Iranian hardliners might not even want to offer Hassan Rouhani and Javad Zarif that off ramp.

But there is a deal that can and should be made, at least to ward off a ruinous escalation between now and the U.S. elections in November 2020. The Iran issue will be on the desk of the next president, whether it’s Trump 2.0 or a Democrat.

https://www.mei.edu/publications/monday-briefing-attack-saudi-oil-facilities-has-impact-far-beyond-kingdom

https://www.gold-eagle.com/article/gold-stocks-evening-star-kills-rally

The Coast Starlight, coming ‘round the mountain
on Cuesta grade, into San Luis Obispo
https://railpictures.net/photo/708522/