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

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

Dow for the Week of April 6th, 2020

https://www.zerohedge.com/markets/we-borrowed-future-now-its-over

Everything’s crossed.

Chuckle

so it has covered considerable ground…but let’s not get too giddy…there’s a long day ahead and the evil ones are always lurking

https://futures.tradingcharts.com/marketquotes/SI_.html

Just comparing the spot price on Kitco to the prices of GLD and SLV to see the relative moves.

They don’t seem to match.

has touched $1700…it looks like it has another chance this week [or today?]…fungers crossed…today a wall has been put in place for the past 2 hours…if the trading pattern of the last few weeks repeats, then we are seeing the highs of the day…that said, gold is well bid…

WHOA!! Gold up 25.70

I THINK GOLD IS NEARING THE high of the psst 2-3 hours…keep your cajones crossed!!

https://futures.tradingcharts.com/chart/GD/40?anticache=1586173927

[gold triple top]

I took a chance and waited for the last hour blitz-I thought there might be one- and picked these up near the close

FilledBuy to Open120JNUG Apr 17 2020 5.0 CallLimit0.29—-15:56:53 04/03/20

 

 

FilledBuy to Open180JNUG Apr 17 2020 5.0 CallLimit0.29—-15:56:53 04/03/20

He may be seeing delayed quotes.

They sure are working silver over this morning.

It should be up at least two percent.

No excitement allowed here.

Move along.

Cheers

https://futures.tradingcharts.com/marketquotes/GC_.html

Gold and silver up $14.70 and $.23 respectively

GLD and SLV up $1.19 and $.11 respectively

Shares look ready to rumble though.

Can a few “keystrokes” aka MMT really prevent and heal all financial/economic woes? Beats the sh*t outa me! It seems that they are definitely active in markets….but if they has total control then we would be on that “permanent plateau of prosperityZ? asserted just before the 1929 crash

A rise in gold and silver is “permitted” today because the paper markets are happy??

And that they should just put $100 bills in with the junk mail and circulars. Anybody remember? Its one step above Quantitative Easing but they didn’t give it a name yet. Quantitative Giving??

QG instead of QE? Bailing out GM and Banks or Airlines etc etc?  All the big industries need people with money to spend, so bail out the poorer entry level people makes sense. They’re learning but very very slowly unfortunately. Even many employed for 40 years don’t make that much.

Back in 1937 they figured that out. They passed the Minimum Wage and maximum hours act of 1937. The later powers that be after 1971 simply weren’t as smart, or greedy, and actually wanted lower wages. They even started union busting.

They said thru their lap dog Media that high wages caused inflation, and they wanted lower inflation numbers, during the 1970s plus brought in cheaper imports to get stupid numbers lower. So if the bone heads want inflation? Why not raise all the non union tax payer job wages with a $35/hr Minimum wage. The Gov’t Should be the Union for their non union population. Unfortunately the Gov’t seems to represent foreign countries, and multinational corporations.

If the weak businesses have to close up, so be it. The owners (or stock holders) can shut down and get a decent jobs at $35/hr. It would be survival of the most fittest and most profitable businesses.  The whole system is man a made artificial system anyway. This is not capitalism anymore that is failing. Its the Bankers “experiment” that evolved after 1913 that is failing. They weaned away Gold Silver Copper and Bronze for use as money between 1913 and 1971.

What’s with all these guys like Rick  Ackerman? Looks like all they do look at numbers. Like Gov’t bean counters. There are very bad things that already HAPPENED to the USA, worse than all those big scary things they say about quadrillions.

The worst thing that could ever happen, happened. We imported more than we exported, and we allowed the back bone tax PAYERS to get HOSED. The country has a $22 trillion debt, the US Dollar and the Penny lost 95% of their value. Most tax absorber jobs are good jobs to get. But what happenes when 100% of the population gets from the Gov’t? Whos going to pay the taxes? People from another planet. They abused their bread and butter.

Hi Richard,

If the Fed through its proxies, is willing to buy equities in any quantity, at any price, I can’t understand how it is possible for the market to fall any further than they want it to fall.

Could you (or Rick) explain ?

————-

Regarding the Money from Heaven Loans:

A friend who is retired, but still holds stock in his company told me Friday that his partner just raced down to the bank to sign papers to suck at this money fountain.

He said there were well over a hundred applications in front of him when he got there.  Everyone expects that the loan will be forgiven.