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

considering gold is up $60.70 at 1706.80….and looks like it may be a 4th attempt valid breakout….it’s up 13.26 or 6.63%

Thought the shares were going to dump all day long but seems that they are being pretty resilient, fully expected them to rollover.

Hope this is finally the beginning of a big run. The shares have a long way to go.

We can’t have the little people getting involved in running things anymore. The smarter people have good jobs or businesses and can’t be bothered getting involved. But Trump was the first businessman I know of to push the “kids” aside and belly up.

We need more of those type patriotic smart successful volunteers to sacrifice their occupations and run for office for the greater good of the USA only. Put foreign policy on hold for 50 years, like the USA was on hold for 75 years.

The voters constantly have poor selection. Small time activists.  But the damn Media? They are the bottom line “leaders”. And we don’t even know who manages or leads them. So maybe the bottom line problem is the media itself. And we need smarter and more honest, and no more special interest activists (that don’t like Freon) involved in what the people are “taught”.

Let’s see if time above 1700 can be sustained longer than the life of a May Fly…but Sheeeeeet!!

I like the action and it’s better than a poke in the eye with a stick…and please. Jehovah, would it be too much to ask for you to dispense with the last hour blitkreig?

Yep why taxes are part of the problem. In California they tact’s on a gas tax for every gallon and more cost at the DMV.
The DMV also pays for police here so a double tax or triple as registration cost went way up. They’re using it for infrastructure so they say and from poor planning making it necessary to have a car and overpopulation from immigrants driving people farther out.
There was a repeal on the ballot people complained no one voted for but I think they were tricked from the wording to vote for it instead of against it.
I’m guessing they voted no thinking no for gas tax when yes supported the repeal not no didn’t support it. I think they worded it that way on purpose.
I think they should put it back on the ballot since it’s been raised and will continue to be.

I would say, mostly the Federal Reserve’s floating adjustable value monopoly money as the main problem. Because the states and everyone else has to constantly “adjust” in hap hazard ways. Not uniformly. There are no standards anymore. Like one week pay covering one month rent. Or 20% down on a loan.

We need a stable value currency, like in true capitalism, (1472 to 1913) so every person or business can adjust to a norm or find equilibrium. Like they say, re US Dollar, how can a carpenter do his work if the size of the standard 12 inch foot is always changing? The Treasury should be required to put a disclaimer message on the paper money…”This Note will lose value over time” but its even too late for that. Everybody figured that out, but now a possible deflation trend would raise the value of the dollar.

Lets say we had a scenario, where everything we buy and need prices were chopped in half. The banks and Gov’ts would HATE that. So if you had $100,000 in a bank account, and now you can buy TWICE as much stuff? Would TPTB let us getaway with that? Or would they deduct 50% from the $100,000 account? 🙂

Don’t forget about all the “invisible stealth taxes”. Like ethanol in gasoline ruining small engines. Google why ethanol is in gasoline. It kills gas mileage by at least 3%. Or the check engine light that goes on. The mechanics I know LOVE it. Way too many electrical parts to mal function. You need scanners, and even then they sometimes gave a wrong reading and you waste more money or tax.

The whole system needs to be restructured to a 20 hour work week. Plus other things. But its not my job, and I had nothing to do with all the nonsense.:)

Strictly as a layman. I think they need to get samples of that crap, and try spray various things on it, to see what kills it on contact.

Wouldn’t be ironic if all you had to do is breath in some lacquer thinner fumes?  Or Diesel Fumes behind a bus. 🙂 Or sniffing Glue? I remember watching a Forensic Files episode one night and where the wife puts small amounts of arsenic in her husbands soup, and it took a long time to kill him gradually.

After that I don’t worry about whats in the food so much. We are pretty indestructible. And now that I’m thinking about this. We used to burn coal to heat houses, none of the cars were burning clean exhausts. and we NEVER had to wear face masks.

That means the air around us is potentially dangerous to inhale, but NOT any of the other things. You have a problem with Smog? Move. It won’t kill ya.

No wonder the taxes are so high there when the private sector has to pay for the public. That’s a lot of working people in private sector to pay for just one cop. You can walk out of high school without a degree and be a cop. They used to pay them based on middle class wages.
The private sector is getting crunched by both Fed and State.
That’s the thing. They are getting bailed out at the expense of the private sector. They debase the dollar value, give themselves raises to compensate and all the private sector gets is a raise their taxes and cost of living. A bill.
Raising wages besides normal raises is taking it out on the private sector. This , like taxes is a job killer.
The government, banks, repo , politicians, Fed are the ones that need to be reformed.
If their giving themselves raises and profiting as the expense of the country then they can send everyone else a check instead of putting it on them for their mismanagement of other people’s money.

Everybody used to wipe their asses at work. Because of all the people that are laid off and home from work? Forty percent of the toilet paper supply was consumed at work. So now it gets used at home instead.

Schools various big businesses office complexes etc get the toilet paper in bulk and different packaging from different suppliers. Sometimes different size rolls etc and even different thinner paper and different mills than what goes to the super markets.

There was another later run, that was smacked back…but as u say the action is excellent, as we are going again…the smacks are being bought.

I would like to see GDX take out 27.50 then 32.00…then we can have an all clear for the shares to really run.

The General Nem is leading the charge it only needs another 1.50 to be free to attack the 2011 Hi of 70.00 plus….

I certainly hope you are right.

As long as we don’t start seeing that ‘Alice to da moon’ crap we could be alright.

Cheers

https://futures.tradingcharts.com/intraday/GCM20

But I like the action…instead of one 100 buck up day and done… maybe gold’s starting a “grinder”–like it used to do…15-25-35 bucks a day for  2 or 3 weeks

Easily the most opportune set-up for gold miners since 2001 with many times as much upside as 2009-2011 percentage-wise…

Thanks for the comeback Goldi, lots of good points and info. The only part I can respond to is your…..

“If kids can go out and make 35 dollars a hour doing any kind of job why would they want to go to college?”

Comment:

We shouldn’t have to go to college to be entitled to basic food fuel and shelter. Most people can’t afford it, and many would not even be qualified to get in, not smart enough or never even graduated high school some of them.

Lets face it. A lot of what is taught in college turns out not needed to know later on. Same with high school, a real estate or stock broker license, a lot of the teachings not needed after you enter the work force. However, just having a degree makes you worth more. College is like paying for and investing in a higher wage occupation.

As for why would they want to go to college? If they can make $35/hr not doing so? They would still go to college if they wanted to make more than base. The $35 would be the base. A pecking order involved. Everybody else would be worth more than base automatically. Even non educated but skilled labor.

Basically very hard to find highly skilled non union labor today, in a precision metal fabricating factory, no air-conditioning, is worth about $25/hr. Far less purchasing power than the minimum wage paid in 1970. So at that price a shortage. We have cops here making $200k or about $100/hr. if they work 40 hrs, but they play games with that, like 3 12 hour days.

That’s your middle class wage today in my area. $200,000/yr. Maybe take home $2800 per week? Means you can afford $2800 per month for rent. $15/hr is $600/week, meaning you can afford $600/month rent.

I’ve been studying and calculating “constant adjusted” values since I entered the workforce. Did you ever see a long term dow chart or even a real estate chart adjusted for inflation? Its not so impressive. Re gains above inflation.

It all doesn’t matter anymore, anyway. The systems values are all distorted. And trying to right themselves.

Let’s see where it ends the day.

I will believe it when I see it.

Cheers

shale out for the market makers to get more inventory on the shelves…so far so good

Three of the world’s biggest gold refineries said they will partially reopen after a two-week closure that disrupted the global supply of the metal.

Valcambi, Argor-Heraeus and PAMP, located near the Swiss border with Italy, were shut by a local government order on March 20 which closed non-essential industry to contain the spread of the coronavirus.

Together they process about 1,500 tonnes of gold a year — equivalent to a third of global supply — and are a key transit point, purifying mined material and reshaping metal moving between markets that require gold in different sizes and shapes.

Swiss gold refiners to resume work, easing supply constraints

Yup…silver is the bankers’ whipping boy.

No excitement allowed.

Move along.

Cheers

that’s 23 cent off the high…so is this just one of the 2 0r 3 intraday pullbacks one seess on a big up day or is this IT…?? Time will tell…

You have a clear memory of the past.
I have a feeling things were going on in between the lines during that time.
For instance pressure on wages in the 70s at the same time they’re was probably already talk of outsourcing.
During that time there was a big surge of South America’s illegals crossing the border and taking up a lot of factory, hotel, restaurant, mechanic “which they were terrible at and probably why you don’t see them much in that anymore,” and construction with excuse it kept cost down but not for the buyer.
At the same time certain states were making it easy for them to sign up for welfare to supplement them and not have to recognize their husbands when getting money, food stamps and free medical Americans couldn’t get unless they stopped working.
Many start up family’s had to live amongst them which created problems since they stole anything nailed down or not, started gangs, drugs, hit and runs all over the place and still are, swamping public schools, fighting with American kids especially boys.
That was their new replacement.
There was good people who came who didn’t like it either but even so many were still on the tax payer dole. That also cause housing cost to rise.

They made the same excuse for outsourcing later was a con ,how can you justify that with the costs of new cars when they were a lot more affordable when made in America.

So 35 dollars and hour will make these problems worse once it gets around. The borders will be flooded again. We have politicians that will let them for votes as we know.
Also if that is what you pay for unskilled Labor how much are you going to have to pay skilled labor?
How much is it going to cost you to go to the doctor, hospital or dentist? Medicare hasn’t raised their coverage since who knows when.

I remember a time they were cutting medicine coverage including for pain like Tylenol with codeine so we were ordering it up for the patients and luckily it was fought. That was back in the early 80s.
Restaurants and other social activities activities will disappear or cost you 50 to go to breakfast.
How much for housing which these greedy vulture corporations will raise the rents accordingly.
The only group I don’t feel sorry for in these current events as well as over priced cars.
If kids can go out and make 35 dollars a hour doing any kind of job why would they want to go to college?
What they need to do is stop debasing the value of the dollar, stop raising taxes, stop supporting foreign nationals less supplying a service citizens don’t “ really” want such as farm workers, here and overseas.
Trump has addressed a lot of that but we still have issues within since still going on like corporate medicine also slave driving doctors, housing, cars and greed.

The ETFs are trading soon.

Chuckle

https://finance.yahoo.com/news/yamana-gold-announces-strong-preliminary-131510948.html

Spanish Government Aims to Roll Out Basic Income ‘Soon’

The Spanish government is working to roll out a universal basic income as soon as possible, as part of a battery of actions aimed at countering the impact of the coronavirus pandemic, according to Economy Minister Nadia Calvino.

Social Security Minister Jose Luis Escriva is coordinating the project and plans to put some sort of basic income “in place as soon as possible,” with the main focus on assisting families, Calvino, who also serves as deputy prime minister, said in an interview Sunday night with Spanish broadcaster La Sexta.

https://www.msn.com/en-us/news/money/spanish-government-aims-to-roll-out-basic-income-e2-80-98soon-e2-80-99/ar-BB12cizT

https://finance.yahoo.com/news/marathon-gold-announces-positive-pre-110010330.html