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

raised REAL ESTATE TAXES by 18 % this year  …..Lets see then try to collect it !

When asked if he would ever invade the US……NO ,its not gonna happen .”THEY ALL GOT GUNS”   !

https://finance.yahoo.com/news/skeena-completes-sale-gj-newcrest-205500983.html

JUST another Screwball Governor ,just like got elected in Virginia ..The people are losing their livelyhood ,so raise taxes !    BAN GUNS  ?   I understand why ! but it aint gonna happen…They are about to use them on them…..

just the scum selling like mad, to make sure no top tick closes……

Overall a great day.

‘Ave a gud ‘un,

Silver looks OK, Gold not so much.

https://cftc.gov/dea/futures/deacmxlf.htm

Don’t know why but I’m curious to see the COT Report.

Regardless, the shares continue to act well, as if the metals will follow.

Never know I guess…

JNUG went from abot $6 to $90 last year and that was with no reverse splits….from $90 it went to $3 then to about 7.50 when it has a 10 for one split…in trying to catch a move with JNUG I am often forced to day trade or hold for 2 or 3 days

I have never personally met anyone who was a successful day trader–I also take longish term trades via options like I did in the spring of 2019….those were position trades with 2 and 3 month options.  I bought a 1000 one buck NGD options for $5000–and netted $55K…short term gsin, yes, but a good return on my investment…

and, yes, I know seasonals are not the end all and be all in decision making when trading gold

Just because Seasonals are not conducive to buying here dosent mean I want to be out of the Gold Market ..Two weeks up and down dosent mean Im trading ..timing is risky ….Look at this morning and now ..in the same day   ….If your a short term trader Seasonals may not mean much to you ,depends on your time horizon ..

My feeling is ..yes I can beat the market scalping 2 % ,but its all short term trading and  the higher tax rates apply..I can drop 30 % and still be ahead when you factor in short term tax rates…at years end..and so much trading ,paper work ..for what ?  I buy right ,sit tight,and make long term capital gains tax rates or no taxes some years..Im only concerned with ,is this a BULL Market ,or not ? If it is ,I dont need to trade..I own Royalties, Gold Funds (TWO) and a few miners not yet in production …I dont trade except when I get bored and that always cost me money…..I know how to scalp ,I just dont want to do all that work and pay high taxes….in the end !

I got in the market using this method in 1974 ,rode it up until 1987 and made 80 x my money …I dropped half in crash 0f 1987 ,my mistake was using Margin money ,big mistake at the end .Margin leveraged me up until that time  ,then it took all the leverage back in ONE DAY 1987….I still made 15 Times my money but it wasent worth almost going bankrupt.  for a couple of weeks ..Black SWan days are killers..$ 250,000 margin calls ,no thanks .It killed my broker,my dear friend who helped me  and then kept me from going bankrupt with a plan we both devised to by some time ..and it worked ! I recovered ,he diden’t..uncontrolled internal bleeding ..

I was in shock what happened to him,I miss him..

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

Saxo Bank’s head of commodity strategy, Ole Hansen, observed that a lockdown is occurring in two biggest gold hubs in the world, New York and London,  so many traders are working from home. “This has caused a breakdown in the marketplace”, he said.

“There is no price discovery in the market right now,” he said Tuesday morning. “If you need to borrow gold in the OTC [over-the-counter] markets right now, you are going to pay a king’s ransom.”

desk will launch a sell program and gold will suddenly be down 10 or 20 in a few minutes…I’m already calculating if I want to carry any JNUG over the weekend…gotta see how the day goes….biut to repeat=I am very impressed by the dollar…

also looking at the 10 yr t-note and 30 yr bond…they are barely green which tells me–so fgar–traders aren’t worried by this sell off in stocks and they may buy em back the last 1/2 hour–a lot to watch today…

But I’m not complaining…better than being old and gray and being a short order cook in Mayers restaurant in Spoon River…

CME Group secures $7 billion credit facility to protect against a clearing member default

https://www.marketwatch.com/story/cme-group-secures-7-billion-credit-facility-to-protect-against-a-clearing-member-default-2020-04-30

http://schrts.co/dXFfydMY

Sure catching me out as well…spoke to a mate, who is looking to add lower, who knows someone who is short looking for 1600….we had a consensus…it was going lower..to which I said this is too easy..went out and bang it’s all up.

Maybe it is the May position on Crimex…it had 1833 deliveries, but OI dropped 1738, so nearly 100 lots were added and none sold/rolled…so far they are saying gimme.!!!!!!!

https://www.cmegroup.com/trading/metals/precious/gold_quotes_volume_voi.html#tradeDate=20200430

Yep me too. I think Farmboy’s still around someplace. Maybe he’ll check in again sometime.

Got dice? Chicken bones?

up $5000 grand had I not sold…I love that the $ is down .180 and PMs not going down with stocks…markets always fake out the majority…don’t they…I better unpack my fishing gear…

Never sell a dull market, huh?

So do I chase…?? …silver could be doing better…but why quibble?

Minoqua=often referred to as the island city–population 4388.