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

Heavy Metal
https://railpictures.net/photo/737992/

Yeah, I have an 805 credit score, but I live within my means and pay off the cards monthly.  I am what the business calls a ‘freeloader’ because they don’t make any interest on me.

So one high profile credit card that practically forced itself upon me two years ago because of my excellent score was kept in reserve.  I never used it.  Six months ago I got a letter from them.  “We’re sorry the card was not a good fit for you.  We have cancelled your account.”  So I started spreading my small purchases around on the remaining three cards to keep them active.  Two months ago I got a notice from the one with the highest credit limit.  Because I was not going deep into debt up to their expectations, they cut my credit line in half!

No big deal for me.  The cards are simply a purchase convenience for me that I pay off monthly.  I also keep a wad of cash ’emergency fund’  (under my mattress…. don’t tell anyone!) that is not in the bank.

Locally for me the bank still has it lobby closed unless you make an appointment.  They want to do everything now digitally.  The old days of banking has ceased.  Getting a personal check cashed?   The teller gives you this look.

I went to Bank America because I couldent access my account because they changed the password process.My branch was closed 11 AM   .I went another Branch She said I needed t use a cell phone to access my account .I said heres the phone show me how…She said we dont have your cell phone in our system .Here it is you do it…She changed my password and they were going to send me a new password..WE waited and waited …half an hour nothing..She said its probably going to take overnight ..come  back monday ..meantime I cant access my account…..I went to my other BANK  to get a credit card issue fixed .THeir Branch was closed .nobody in the lobby…I got a letter in the mail that they cancelled my credit card because I hadent used it ..I didnt owe them any money,my credit rating is 830 ,so why did they cancell my card ?     strike two…I then went to TDAmeritrade to see if I could get a checking or debit card to access cash if I needed it ..They were closed period ..12 noon…..  Strike three    ..What the hell is going on…Nobody working at two banks and TDAMERITRADE ?   Nobody wants me to access my accounts …!

Check out energy transfer (ET symbol). It is paying an extremely good dividend.

Funny thing – Wednesday was the big down day for the metals so they must’ve took the light volume as a chance to raid the Crimex?

Really amazing they can get away with posting their stuff a week after the fact. Crooks

Gold bounced off trendspotter support but still needs to close above $2,000.00 on good volume and increasing open interest.

Silver, being the bitch of the metal group, is doing it’s own thing but bounced off support at around $26.00 but still needs increasing open interest to sustain a rally.

rno

Not much net change was there. All the traders went on vacation? I dunno.

Good point re earnings and in a world where there is damn all Divi income…we could be sitting on a tsunami….I was with some friends today who are desperate for income…….they have good savings but no income……and when I say desperate, I mean close to tears, their world has been wrecked by QE etc and they are anything but alone…..

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

One good thing … at least with gold and silver at these high levels the producers should be making good money. A $100 bucks lower and they’ll still be making good money. Even the silver producers should do well … which hasn’t been true in a long time.

Have a great weekend everyone!

If this was the SM and everyone was looking for a correction, like in PM’s it would not look back…..but we have the scum to deal with….

but IMHO it’s important to note that at least today the selling has been on light volume in the shares.

I could see the Adens being right about the HUI 300 and gold $1800’s but the truth is, there’s a lot of folks out there expecting gold to get bitch-slapped like it always does….

Just sayin’ 🙂

Just go here: https://www.corbettreport.com/

Residential real estate: MiniMart dumpster w/leanto ………………………………………………………………..40%

Cash, transportation, and investments: Walmart shopping cart full of empties etc………………………. 40%

PM Phyz:  Silver (mercury?) and gold teeth ………………………………………………………………………………20%

Mortgages, debts of all kinds……………………………………………………………………………………………………..0%

Total……………………………………………………………………………………………………………………………………100%

Almost forgot:

# vaccines last 60 years………………………… -0-

Age: Old

’nuff said!

Why be productive?  Why start a business?  Just plug into the Fed matrix and buy top five tech stocks.  No one will ever have to work again.  Amazing that we are the first society in world history to figure out how easy it is to print fiat.

https://www.kitco.com/news/video/show/Kitco-NEWS/2943/2020-08-18/Robert-Kiyosaki-on-why-the-US-may-no-longer-be-a-free-country-Pt-12#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

Silver down $.50 – way more volatile as is the norm.

Shares still not indicating any big comeback is at hand, but I continue to like the strength in the metals.

It won’t be long until the shares explode even more – 600+HUI not that far off IMHO.

Dog has made another record Hi already and we still have 5 hrs and 25 mins to go.!!!!!!!

You’ve got that Bloke in the Swiss CB buying with both hands, everytime the Dollar goes up, he sells Cntrl -P Sfr’s and uses the Dollars to buy FAANGS and then u have a load of Mad Japs in their CB, probably all related to Kamikaze pilots, competing with each other to buy the most ETF’s….no Bear stands an earthly !!!

That doesn’t sound too scary to me as far as corrections go

Being a veteran of PM shares, that isn’t even a prick…hell I bought Rubicon Minerals and that ‘corrected’ 99.999999 % !!!!!!!!!

I’ll try to flip it here and there. Appears it actually may be a “normal” correction with ups and downs like a real market has.

Powder is dry in the trading account with a few exceptions.

I like their call on the HUI 300 area, like it even at the 320 area.

USD is really ripping higher today. Could go on for a few days.

Colombia sold two-thirds of its gold weeks before record high

Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.

The nation sold 1.8 trillion pesos ($475 million) of its bullion in June, the central bank reported on its website, equivalent to 67% of its holdings at the end of May.

Colombia sold two-thirds of its gold weeks before record high

They are telling clients to ride it out or if ur confident of being able to do it , take some profits and buy lower…as far as they recommend, they will ride it out, as I think they are not at all sure of how deep the correction maybe…as the bigger the bull the smaller the correction etc.

The lower it goes the more they will buy.

I know of others who are happily short above 2000 and think the old game is back on.