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

oops

Posted by ipso facto @ 10:43 on June 29, 2020  

Mystery of $2bn of loans backed by fake gold in China

More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses.

Kingold is the largest privately owned gold processor in central China’s Hubei province. Its shares are listed on the Nasdaq stock exchange in New York. The company is led by Chairman Jia Zhihong, an intimidating ex-military man who is the controlling shareholder.

What could go wrong?

Well, plenty, as at least some of 83 tons of gold bars used as collateral turned out to be nothing but gilded copper. That has left lenders holding the bag for the remaining 16 billion yuan of loans outstanding against the bogus bars. The loans were covered by 30 billion yuan of property insurance policies issued by state insurer PICC Property and Casualty Co. Ltd. (PICC P&C) and other smaller insurers.

cont. https://asia.nikkei.com/Spotlight/Caixin/Mystery-of-2bn-of-loans-backed-by-fake-gold-in-China

This has been a hot stock. I don’t know if they’re worth it or not. I have no position … but I am kicking myself for not buying it even though I’ve watched it from 13 cents. D’oh!

Posted by ipso facto @ 10:20 on June 29, 2020  

Benz Mining Corp. Starts Exploration Program at Eastmain Gold Project in Quebec

https://finance.yahoo.com/news/benz-mining-corp-starts-exploration-131000253.html

http://schrts.co/GkUPdjzB

America…love it or leave it-!!

Posted by Richard640 @ 10:17 on June 29, 2020  

Amazes me how many people are falling for the “end of days” charade being obviously orchestrated by the left…right before the election.

Its a classic left wing hissy fit. They want you scared, and believing the world is going to hell right before you step into the polling booths to vote against the incumbent.

Corona…a man made virus

Riots….blatantly organized and funded by the leftwing elite

Economic pain due to artificial lockdown

Its all bullshit. Dont fall for it.

https://www.youtube.com/watch?v=TmfeNq5x5aQ&frags=pl%2Cwn

Morning All

Posted by Maddog @ 10:14 on June 29, 2020  

They saved the SM from an early sell off, now they have to stop any rally in PM’s, which the sudden Gold sell off’s are all about.

Buygold @ 7:42

Posted by ipso facto @ 10:02 on June 29, 2020  

Miners starting to go green now.

You can’t stop the juggernaut! 🙂

UrbanGold Minerals and Argonaut Gold sign Joint Venture for Troilus Bullseye Project

Posted by ipso facto @ 9:52 on June 29, 2020  

https://finance.yahoo.com/news/urbangold-minerals-argonaut-gold-sign-123000348.html

The Iron Fist … “Demographic Genocide”

Posted by ipso facto @ 9:29 on June 29, 2020  

China forces birth control on Uighurs to suppress population

The Chinese government is taking draconian measures to slash birth rates among Uighurs and other minorities as part of a sweeping campaign to curb its Muslim population, even as it encourages some of the country’s Han majority to have more children.

While individual women have spoken out before about forced birth control, the practice is far more widespread and systematic than previously known, according to an AP investigation based on government statistics, state documents and interviews with 30 ex-detainees, family members and a former detention camp instructor. The campaign over the past four years in the far west region of Xinjiang is leading to what some experts are calling a form of “demographic genocide.”

The state regularly subjects minority women to pregnancy checks, and forces intrauterine devices, sterilization and even abortion on hundreds of thousands, the interviews and data show. Even while the use of IUDs and sterilization has fallen nationwide, it is rising sharply in Xinjiang.

The population control measures are backed by mass detention both as a threat and as a punishment for failure to comply. Having too many children is a major reason people are sent to detention camps, the AP found, with the parents of three or more ripped away from their families unless they can pay huge fines. Police raid homes, terrifying parents as they search for hidden children.

https://apnews.com/269b3de1af34e17c1941a514f78d764c

A beautiful day in the neighborhood

Posted by Buygold @ 7:42 on June 29, 2020  

silver up $.13

Dollar down a bit. Could be a decent day.

Rah! Rah! Sis Boom Bah! Go Gold-!!

Posted by Richard640 @ 3:37 on June 29, 2020  
A ZH reader waxes bullish on gold:

0% exposure to gold.  Yup, sounds about right.   If you are a moron.

 

Gold seasonality is starting in days.

 

What the Fed is doing now is Monetary Debasement.   Gold LOVES monetary debasement.   It is the very best scenario for having gold rocket higher.   We haven’t seen anything yet for gold.  We’ve been in a seasonally weak 5 months for gold, and despite that, we have still seen it move up over $250/oz in 2020.  The next three months, July 6th to October 8th, are historically the main uptrend for gold every year.  If you have to own gold, or want to own it, these are bar none, the three best months historically to buy and hold gold and gold stocks for the ride higher.  FWIW, look at the GDX and GDXJ ETFs.   The majors and junior miners are severely lagging the increase in the price of gold.  They both should be up multiples of gold’s gains in 2020.  If gold cranks higher over the next 3 months, the gold stocks are going to be going like a rocket trying to catch up to the metal.
Check out the gold seasonality chart below.  Gold goes more or less sideways from mid-January to the end of June, soars for three months, then goes sideways until mid-December.  There is often a 4 week spike from mid-December to mid-January which also does well.  But the swing you really want to target is just about to start, so load up on the cheap gold stocks, on physical if you can find any, and enjoy the ride into mid-October.

https://www.kitco.com/ind/Degraaf/images/peter_20140404_1.jpg

I have no idea what the trillions of money printing will do for gold.   People have to actually start to see it as a hedge to falling asset prices, falling purchasing power of the US/Cdn/Aus dollar, Euro, Yen, etc.   Nine years ago people were starting to believe again, and when gold seasonality started, this is what happened:
https://img.bfpublishing.com/RP_11-1-11_2.png

Yes, gold ran from under $1500/oz to almost $1900 in just seven weeks.

Could gold jump $400/oz again in the coming weeks?  YES!  Will it?  We shall see.

Gold Train

Posted by Maya @ 1:55 on June 29, 2020  

rrflasher-copy

Flying over the Devil’s Gate at Silver plume
https://railpictures.net/photo/734670/

 

metals prices…

Posted by treefrog @ 23:04 on June 28, 2020  

…creeping higher in west pacific monday morning hours.

Boltons Problem is

Posted by Ororeef @ 22:12 on June 28, 2020  

He dosent have his Priorities right ,he acts like a Zionist and dosent put AMERICA first ,thats where he differs from TRUMP .

Trump puts America first while being a friend of Israel….Bolton enjoys the privilege of living in America ,but wants to make America subservient to his interests.

He is like other “friends” of America while they can profit from our generosity ,but they fail to extend the same “good will” to others .He knows how to “TAKE “but dosent “give back”.  His book profits come first….(Follow the Money) ..shameful  greed .He needs to Get his Priorities right !.

Covid911-INSURGENCY. WAKE UP AMERICA!

Posted by silverngold @ 17:05 on June 28, 2020  

https://youtu.be/-fhGV1LxeKQ

Wheres the Police when you need them ? Liberals cry !

Posted by Ororeef @ 14:16 on June 28, 2020  

https://youtu.be/6anKSF1A7ZE

Those that support BLM now

Posted by Ororeef @ 12:13 on June 28, 2020  

will have no right to complain when they turn on them ;and they will.. when they are done using them.

This is where we are headed ..same as S.Africa

An Emergency Plan Initiative

What’s true? Toss a coin.

Posted by ipso facto @ 10:00 on June 28, 2020  

Trump & Pence never briefed on ‘Russian bounties for Taliban’, NYT story ‘inaccurate’ – US intelligence chief

The US director of national intelligence has distanced himself from an NYT report claiming Russia paid money to the Taliban for killing US soldiers in Afghanistan. He said the White House was never briefed on the matter.
The claim published by the New York Times is, like many such stories, based on anonymous intelligence sources. It says Russia paid “Taliban-linked militants” in Afghanistan to kill US military service members, and that President Donald Trump did nothing after learning about it.

The White House has denied that either Trump or Vice President Mike Pence were ever briefed on the alleged situation by US intelligence. Director of National Intelligence John Ratcliffe backed the denial and said the original story and “all other subsequent news reports about such an alleged briefing are inaccurate.”

https://www.rt.com/news/493152-odni-trump-taliban-bounties/

GLD, SLV, UUP

Posted by Buygold @ 9:20 on June 28, 2020  

Gold, Silver and the Dollar. All basically flat lining for the last couple of weeks. All with RSI’s around 50. Only difference is that the Dollar is under it’s 50 and 200 dma. Gold and Silver are not.

Which way do they break? I think the T/A guys might say G&S break up and the USD breaks down.

Bear in mind though, I’m no T/A guy, nor do I think T/A really works when it’s a bullish case for pm’s…

https://stockcharts.com/freecharts/perf.php?gld,slv,uup

Wait... I'm so confused - confused baby 1 | Meme Generator

 

Anybody got experience

Posted by Ororeef @ 9:16 on June 28, 2020  

with Molecular Iodine or mouthwash called IoRinse

Morning commish, eeos

Posted by Buygold @ 8:58 on June 28, 2020  

What is it about the Denver airport that seems to hold this type of bizarre artwork and architecture? and why does it hold so many occult symbols?

Most people don’t have a clue what they’re looking at other than a horse with red eyes.

 

commish @ 6:42

Posted by ipso facto @ 8:54 on June 28, 2020  

Too weird!

eeos Not exactly uplifting public art!

DIA is a spook show designed by a bunch of bastards

Posted by eeos @ 8:21 on June 28, 2020  

While people are destroying statues, can they please go out and tear down blucifer and burn this shite? Awful, weird, and cost over $600K so every time people take a flight they get reminded that evil is everywhere. So let’s see blucifer falls on it’s maker and kills him and somehow we get stuck with this evil symbology regardless. Gee thanks, so uplifting and inspiring.

blucifer

Thinking about you Floridagold, nice to see the tent back online

Well Son Of a Gun

Posted by commish @ 6:42 on June 28, 2020  

ebcjkajuwaqvnx8Mural Denver Airport painted in 1994

Gold Train

Posted by Maya @ 2:47 on June 28, 2020  

rrflasher-copy

New Jersey Transit… Sunday off
https://railpictures.net/photo/734582/

 

northern dynasty (NAK)

Posted by treefrog @ 18:30 on June 27, 2020  

environmental impact study for pebble project due for publication by corps of engineers.  (gotta touch all the bases…)

“Good Morning  ***,

Tentatively, the FEIS is scheduled for publication in the Federal Register on July 24.

Respectfully,

John P. Budnik
Public Affairs Specialist
USACE – Alaska District
(907) 753-2615”

R640

Posted by amals @ 14:56 on June 27, 2020  

Richard–I know you are a big believer in macrobiotics/macrobiotic diet.  Is there a book or two you would recommend to learn more?  TIA.

 

 

« Newer PostsOlder Posts »
Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.