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

Thank God I’m not on margin.

Posted by ipso facto @ 13:25 on February 28, 2020  

Looks like we’re going back to the gold price before the coronavirus raised it’s head.

Captain Hook @ 10:27

Posted by ipso facto @ 13:15 on February 28, 2020  

Thanks for your views. I’m sure hoping our market doesn’t take 6 mos to bottom out!

Helicopter money is on it’s way.

Pet Dog carrys Coronavirus !

Posted by Ororeef @ 12:59 on February 28, 2020  
A woman pushes a stroller with two dogs wearing masks along a street in Shanghai on February 19, 2020. - The death toll from China's new coronavirus epidemic jumped past 2,000 on February 19 after 136 more people died, with the number of new cases falling for a second straight …
NOEL CELIS/AFP via Getty
2:11

A Hong Kong coronavirus patient has revealed her pet dog has a “low level” of the virus, local health authorities confirmed early Friday.

O the humanity!! This is a massacre–JNUG down $20 or 30.46%…[Is this legal? Is this normal? snicker!]

Posted by Richard640 @ 12:52 on February 28, 2020  

https://www.cnbc.com/quotes/?symbol=JNUG&qsearchterm=

IN the 1987 crash the DOW was only down 20% in one day!!

JNUG=

Psalm 121 King James Version (KJV)

121 I will lift up mine eyes unto the hills, from whence cometh my help.

My help cometh from the Lord, which made heaven and earth.

He will not suffer thy foot to be moved: he that keepeth thee will not slumber.

Behold, he that keepeth Israel shall neither slumber nor sleep.

The Lord is thy keeper: the Lord is thy shade upon thy right hand.

The sun shall not smite thee by day, nor the moon by night.

The Lord shall preserve thee from all evil: he shall preserve thy soul.

The Lord shall preserve thy going out and thy coming in from this time forth, and even for evermore.—[OK, TELL THAT TO THE GOLD BULLS…]

Someone said on TV today

Posted by Ororeef @ 12:49 on February 28, 2020  

Government will raise inflation rate Target to counter stock market sell off ….Theres an easy way to do that……Raise the price of GOLD   inflation will follow…the leader  ..Gold is money ..everything else is credit  …Right now credit is pushing on a string ..thats what the FED is doing ….Nothing happens in the real economy because credit is debt …..MORE DEBT IS NOT needed ….MORE real Money like GOLD will do whats needed…RAISE the PRICE by stopping the naked short sale of GOLD  !Derivatives wont do it..the tail dont wag the DOG ! Raise the price by 5 % and you will stop the slide on Wall st . and get the 2 % inflation they talk about…and not a contraction in REAL money and what it will buy.

They made the same mistake in 1933 ..they failed to price GOLD right ,and they got the GREAT CONTRACTION…It was the BANKERS at that time that argued for a less  than adequate GOLD PRICE , and what they got was tight money ..the DOLLAR was as good as GOLD and spending dried up ,prices fell .STOP listening to Bankers..they are not the ECONOMY …Raise the GOLD price and people will spend the less valuable paper money ,which is whats needed !GET the velocity of money up !,Devalue the PAPER and they will spend it..

Buygold

Posted by Maddog @ 12:47 on February 28, 2020  

To begin with the metals, in particular Gold ran with the collapse, the scum couldn’t have that, so crashed the whole sector.

Yesterday and today they achieved their aim and bullied most of the recent longs out, due to fear that they would lose even more, if they hung around…..

It wasn’t ever raising cash….Why sell a winner to pay for a loser.

Strange, FYI, Teekay Tankers TNK Up 10% today Rebounding 20% in Two Days

Posted by Mr.Copper @ 12:31 on February 28, 2020  

Is it possible with such low oil prices, they are sitting off shore, storing oil? And getting paid? 1 for 8 stock split 11/25/19. I strongly suspect the energy crash is over. Look how cheap Exagon is :)XOM,  is. And its up today. $50/sh. it was always in the 80s and $90s/sh.

https://finviz.com/quote.ashx?t=tnk

MUX

Posted by Buygold @ 12:19 on February 28, 2020  

I know we have some MUX fans here, including me, I remember selling it in 2009 at the bottom @ $.70. Looks like it might be heading there again.

I’m hanging in this time around. ?

Hi Goldie

Posted by Buygold @ 12:13 on February 28, 2020  

Yeah, they always say they sell gold stocks out of the need for liquidity. Captain Hook has done a good job of making that case very well.

It’s a bit hard for me to believe that they’ll be able to raise all that much liquidity from such a small sector. OTOH, now they are crushing GLD and SLV which makes a lot of sense in terms of liquidity. The shares have been destroyed, they might be a bit overdone.

Buygold

Posted by goldielocks @ 11:58 on February 28, 2020  

They’re saying gold stocks were selling because they needed to with the crash for liquidity so bouncing with it with speculators trying to catch a falling knife buying could be logical.

Shares trying to bottom?

Posted by Buygold @ 11:47 on February 28, 2020  

PM’s still crushed of course, but some of the shares appear to be trying to come back with the SM.


 

Here come the bargain hunters….buying the Dog stox….Nasdaq goes positive !!!

Posted by Maddog @ 11:47 on February 28, 2020  

Captain Hook

Posted by Maddog @ 11:41 on February 28, 2020  

Not sure there are any spec longs, not in the sense of flighty ones, maybe some, who have ridden along with the big buyer….I doubt he is out, as if he was prices would be way down. Do u know anyone who has bought Gold…I don’t.

The scum have just crashed prices and gone even shorter, especially in the shares…..

Yes I agree at some point the Physical shortage will be a problem, especially when it exposes the ETF’s for having damn all metal, just paper.

Captain–well we didn’t get our 100 buck up day on Monday…but maybe we get a 100 buck down day today…LOL

Posted by Richard640 @ 11:07 on February 28, 2020  

Boy was I wrong…I said for yrs that gold wouldn’t get crushed with stocks like in 2008-9

Maddog @ 10:46

Posted by Captain Hook @ 11:01 on February 28, 2020  

I can’t agree with that assessment entirely.

Once the specs are forced out of their paper/electronic speculations physical shortages will finally play a roll. I just called my dealer and you can’t get through. It’s been like that for days.

North American silver bullion investment demand is down 95% from 2011 levels.

Just to return to those levels will wipe supplies out — including anything JPM has.

Factor in new demand as continued virus problems in years to come play into the formula and it’s to the moon Alice at some point.

Maybe next year or the year after.

Cheers.

One other thing we can probably be sure of is

Posted by Maddog @ 10:57 on February 28, 2020  

that if they do engineer an SM rally anytime soon, Pm’s won’t follow…they are only allowed to go down.

Buygold

Posted by Maddog @ 10:46 on February 28, 2020  

Whatever the CB’s do, it will not be ‘allowed’ to help PM’s,

After this shellacking i fear the only thing that will help them is either an exposure of what they are upto, or a total collapse of the system, that exposes them, in the investigation, as to why.

I see they have Palladium on the run…that will not cheer Vlad up, he will need some retaliation. Erdogan better keep clear of any windows and scum traders might want to get out of Dodge.

ipso facto @ 9:46

Posted by Captain Hook @ 10:27 on February 28, 2020  

We lost 11k open interest in Comex silver yesterday and it should keep dropping fast here as the gamblers are forced to liquidate.

But as mentioned the other day, if history is a good guide (it is), it should take about 6 months (September) for the shares to finally bottom.

There will be bounces, but it’s not hard to figure the summer doldrums could be particularly bad this year unless they unleash aggressive helicopter money for all — not just themselves.

Cheers

Floridagold

Posted by Buygold @ 10:25 on February 28, 2020  

I’m with ya old friend.

Jeremy Siegel on CNBS

Posted by Buygold @ 10:15 on February 28, 2020  

Saying Fed needs to cut rates by 50 BPS right now.

Kevin Warsh said earlier World’s Central Banks need to come out with a coordinated statement Sunday night.

This is the only thing I could think that might help pm’s. Who know?

Silver is just ridiculous.

OUCH! portfolio from 52 week highs to 52 week lows in five days

Posted by drb2 @ 10:09 on February 28, 2020  

no reason for PMs to suffer this degree of damage.  this has the smell of a cartel setup.

ramp up bigtime. sell big until stops are hit,  repeat – COT shorts pay off.

Ten Yr. @ 1.165%

Posted by Buygold @ 10:07 on February 28, 2020  

Crazy. The Fed doesn’t need to cut rates, the market has done it for them.

Ipso – COT’s

Posted by Buygold @ 9:56 on February 28, 2020  

Be nice if the banksters had to actually cover. They have hundreds of thousand of contract which if real would make our pm’s explode, but after pressing their bets for months…who knows how long they’ll hold them?

Buygold

Posted by ipso facto @ 9:48 on February 28, 2020  

“We should kick his dumb ass out of NATO.”

I’m grokking on that. He’s making more trouble than anyone else!

The COT numbers will be interesting. Here’s the scum’s opportunity to cover some of their gold and silver shorts.

Posted by ipso facto @ 9:46 on February 28, 2020  
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.