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

Gold is “busting a move”. I won’t feel comfortable until a close above $1560. The head & shoulders potential top is still in play.

rno

Especially if they missed out on this last run up or had to cover their shorts. Rno’s Posts were pretty on point IMO.

Wow, you put a lot of work in that.
Hard to understand that military jargin though. Are you saying a war is being waged on Gold?

*Dennis Gartman…

Turning to gold and the precious metals, they attempted to rally Wednesday of last week following the FOMC’s meeting end but that rally attempt failed. But neither had gold weakened materially and as we said here on Thursday and then again on Friday, the longer gold held at or near to $1500-$1505/oz, the more impressed we were and shall be. It was and we are.

Further, Friday’s action was really quite impressive for two reasons. Firstly, it was impressive in light of the weakness in the EUR for on balance a week EUR shall beget weaker gold prices and clearly that was not happening. Secondly, it was Friday and for the past several years that alone has been inordinately “problematic” for gold. The fact that gold had made it through the Asian trading session and had made it into the early European session without weakening had our interest, therefore.

We’d rather publicly exited half or our multi-year long holding position in gold very early last week when gold did not skyrocket on the Saudi/Abqaiq/Khurais news but we did keep the other half for we had to be reminded that “After all, this is a bull market.” And so we said… in heavily underlined fashion so that no one could or would miss what we had said… If gold does make it through the North American session intact, we shall be very impressed and will be forced into re-buying that which we had sold. If we have to pay a few dollars and a few EURs higher than where we sold half of the position last week, we shall consider that as an insurance cost to have insured the veracity of this very long-term trade. It did and we did and as we write gold is trading firmly, thus vindicating our decision. Now we have to decide when to add to the trade yet again.

We’ll see if the triple top holds at 235, the whole world is watching.

So many seasoned gold traders waiting, even hoping for the next big pullback.

They’re taking their shots at silver but the shares are still holding firm

Even NEM has been allowed to breach $40 – go figure.

gone green…

If SLV goes positive that would be hugely bullish IMHO

10 yr. at 1.68%

Stink market rolling over?

Thanks for reminding me, I forgot about the Repo’s and as the article says, the need for liquidity appears to be getting worse again. Maybe that’s why the scum felt it necessary to hammer G & S prior to the Repo announcement. IMHO, that’s probably why we’re seeing the rally in bonds.

PM shares look OK so maybe you’re right, this will end up being a decent day. HUI is only down a point. Gold down a couple bucks. Silver being silver…

Might be a decent day. Hard not to feel that the big move is in our direction. How much was silver up yesterday? Woo Hoo!

and there’s this: Dollar Funding Shortage Accelerates As Both Overnight And Term Repo Oversubscribed

I’d call that a tremor going through the building.

https://www.zerohedge.com/markets/feds-term-repo-2x-oversubscribed-banks-brace-quarter-end-funding-shortage

yields aren’t rising and the USD isn’t strong so this is an all out raid by the scum. OTOH, other than a few of the small silvers like AXU, the shares aren’t really getting smoked just yet. Course they didn’t go to the moon yesterday when silver took off either.

Crazy sector.

Re IED’s

For some bizarre reason, we try to defuse these things, especially the Brits, when ever one is suspected back out and then put a tank shell of high explosive into the general area, or just bomb it from the air. We have lost countless Disposal guys, trying to take the things apart, to see who made them and how…just blow it up.

My old man was a Tank man, he always said if the enemy was hiding in a house, just drive straight through it and carry on. We pussy foot around far too much

https://www.zerohedge.com/geopolitical/saudi-arabia-drone-attacks-have-changed-global-warfare

Welcome back!

Yes, I understood your meaning of “caution” and that this may not be “it”

I think there’s a healthy dose of caution out there with regard to pm’s with a lot of folks looking for a big correction.

We’ll see what happens.

The Rio Grande Zephyr climbs the
front range on it’s last run.
https://railpictures.net/photo/708463/

Welcome back.  Good to see you here.

Gartman has no claim to fame other than the fact that his daughter is a producer at CNBC and she uses him as a talking head to fill time.  He’s so bad he couldn’t possibly be trading real money.

As for Augirl… I miss her wit, also.  Haven’t seen her in the tent in several years… not since the “Old” tent.  Don’t remember seeing her here since the migration to the Oasis here.

and how is his record

added

seems about 50% somewhat good but not good enough for real money

Dennis Gartman…

Turning to gold and the precious metals, they attempted to rally Wednesday of last week following the FOMC’s meeting end but that rally attempt failed. But neither had gold weakened materially and as we said here on Thursday and then again on Friday, the longer gold held at or near to $1500-$1505/oz, the more impressed we were and shall be. It was and we are.

Further, Friday’s action was really quite impressive for two reasons. Firstly, it was impressive in light of the weakness in the EUR for on balance a week EUR shall beget weaker gold prices and clearly that was not happening. Secondly, it was Friday and for the past several years that alone has been inordinately “problematic” for gold. The fact that gold had made it through the Asian trading session and had made it into the early European session without weakening had our interest, therefore.

We’d rather publicly exited half or our multi-year long holding position in gold very early last week when gold did not skyrocket on the Saudi/Abqaiq/Khurais news but we did keep the other half for we had to be reminded that “After all, this is a bull market.” And so we said… in heavily underlined fashion so that no one could or would miss what we had said… If gold does make it through the North American session intact, we shall be very impressed and will be forced into re-buying that which we had sold. If we have to pay a few dollars and a few EURs higher than where we sold half of the position last week, we shall consider that as an insurance cost to have insured the veracity of this very long-term trade. It did and we did and as we write gold is trading firmly, thus vindicating our decision. Now we have to decide when to add to the trade yet again.

American Powerhouse

https://nationalinterest.org/blog/buzz/attacks-saudi-oil-–-why-didn’t-prices-go-crazy-82811

“A close above $18.32 would be extremely bullish.”

well, we got that with thirty cents to spare.

LAISSEZ ROULER LES BON TEMPS !!!!

my point was not that this might not be it

but just not too bet too much and also take some profits along the way

i have always believed pms would rule but fortunately had the sense to bail most when turned ugly

still i hope this is it

Welcome back.

I’m glad you’re back and glad you’re cautious.