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

Sentenced to 2 1/2 years in Federal prison for trying to swindle NIKE out of 25 million dollars.

Another heat wave is heading this way. Oregon even got hotter up to 115 degrees and so far there I saw 107 people died so far fir 40-90 something. Gotta think about those let’s too.
It’s supposed to reach into 107 s here this week I’ll think about instead.
Yeah those automatic machines make it hard to even chart no matter what month I’m PMs either for shake outs or manipulation.
With that bounce if I was in I’d of been out but then you have the tax nightmare of multi trades. Years ago I had like 4 full pages written out from even more pages for tax time and though forget this. Then I feared making to much cuz when your working they take too much away unless you make a whole lot where phyzz was easier to manage but not really to make money on less you bought multi boxes then taxes too if you sell them cuz your over the radar just to try to keep what you have.
I think when gold jumped to near 2000 it caused a pause so only short term trades were safer. How long that pause is who knows.

PM’s creeped up a little into the close although nowhere near what they should have done after the higher open.

UD & Rates down no help as they should have been – as usual – silver weakness as always is the tell.

Someone tell me that somehow this time will be different?

I’ve been holding pm’s for 20 effing years and they’re always the same.

to get all those nervous nellies panicking they missed the dip.

GS and Co have already banked the dosh and are busy ordering up the weekends gourmet delights, which will be made tonight and shipped to the Hamptons for Friday night…..meanwhile the boys will tonight be ‘partying’ solo, with busloads of hookers, rivers of champagne and avalanches of blow.

But in May, Gold FLEW, to $1900 from $1775 area. June killed the whole move up. Back to the $1775 area. And with stocks we forgot about the computerized trading machines that the big boys have. You’re right, take a break , or start adding a few shares here and there.

We so much for the small bounce in gold. Probably didn’t ever give too much to the stocks. Hopefully it will lead to something better. I’m going to give up watching for awhile I think. It’s rigged.

Submitted by Gary S. Wagner on Tuesday, July 6, 2021 – 21:59.

Although in celebration of Independence Day in the United States we had a three day weekend, you would never know it from the recent moves in gold. Gold basis the most active futures contract traded to a high of $1815 before settling just below $1800 per troy ounce. As we have begun to trade in Australia market forces have taken gold above $1800 per ounce, and if we see an effective close at or above $1800 an ounce that would signal the potential for higher pricing in gold.

The key is that during summer months we have muted volume as many traders are absent from there trading desks enjoying a summer holiday. That being said, it becomes much easier to move prices higher or lower when volume is muted.

One interesting facet is that recent gains come in light of a weaker than expected momentum in the US service sector. This data is according to the Institute for supply management or ISM. As reported by Niels Christiansen of Kitco News, “Tuesday the ISM said its nonmanufacturing index showed a reading of 60.1% for June, down from May’s reading of 64.0%. The data was weaker than expected, as consensus forecasts were calling for a 63.4% reading. Economists note that this is the lowest reading since February. However, the report noted that June’s decline comes after hitting a record high the previous month. The gold market is holding near session highs above $1,800 an ounce but is seeing little reaction to the latest economic data. August gold futures last traded at $1,811.7 an ounce, up 1.59% on the day.”

Although when this piece was written gold was above $1800 but closed in New York at $1795. As of 9:50 PM EST gold futures are currently trading up $6.20 and fixed at $1800.40 an ounce.

On a technical basis a close above $1800 would be significant, however, there are other technical indicators which are alluding to the potential for higher pricing. As yields have gone down in the 10-year US treasury note it is taken the precious yellow metal to highs not seen for the last three weeks. We have spoken about the fact that the 50-day moving average has been coming closer and closer to the 200-day moving average. However, with the recent decline in pricing it was possible that the 200-day MA could even possibly cross below the 50-day MA which would form a chart pattern simply called a death cross. In fact, the exact opposite it has occurred with the 50-day moving average crossing above the longer-term 200-day.

The fact that gold is now back above $1800 and it seems as though a golden cross is formed between the short-term and long-term moving averages certainly bodes well for the bullish faction in gold. Bloomberg news today reported that one in five global central banks intend to increase their gold reserves over the next year in a report in which cited a survey conducted by the world Gold Council and publicize month.

MarketWatch was told by Edward Moya, senior market analyst at Oanda, ““I think we’re seeing gold benefit from a plunge in bond yields He said that investors, however, may be reassessing their bullish outlook for bullion against a backdrop of Fed that might propel the dollar and yields ultimately higher.”

Although volume is then and we are in summer month trading we are witnessing the necessary steps for gold to once again return to a bullish demeanor and gain pricing over the next month.

Wishing you, as always, good trading and good health,

Naturally it was probably the big long leverage paper gold contract guys in panic mode. Running to cash. Maybe it all depends on the tickers too. I look for performers, and like to see a PE or Div. My miners are doing ok, AG, AGI, CDE, DRD HL, SAND, GATO, still above 6 months ago or above the March April lows. I might buy back some SBSW but its automotive related. Palladium. Not confident yet about industrial use metals lately. I gave up trying to hit home runs with those cheap stocks with good stories. NFGFF looks interesting. What tickers are pissing you off?

https://www.mrci.com/pdf/gc.pdf

Love you’re optimism. I’m having trouble seeing it.

We never seem to see gold act as protection in a down market and certainly never the shares.

LOL I catch your drift!

Which means…

An expression of one’s conviction to press on with a task or current course of action regardless of apparent risks or dangers.

The whole damn Financial system is ridiculous, Globalization is ridiculous, even the political system and voting system is ridiculous. Humans causing bad weather is ridiculous. You name it, everything is ridiculous.

It’s Ridiculous That Things Are Still This Good LOL

GLD SLV etc are still above March April lows. So that good. We can’t help it if the over priced Dow SnP implodes and drags us down with them. Eventually the mining shares should come to their senses realize they were under priced, not over priced. They should be making profits.

Another thought. This has been a very unusually steep and deep drop since June 7th only one month. So maybe the duration will be short, and rebound faster. Plus the indices charts today are yelling at the Fed to “shut your effin mouth” and “Go back to the old stimulus story” “Or we will force you to, as real estate and car sales drop”

Not sure that comment about finding yr way home after dark, is that nasty….there’s a lot of us that can’t find our way home after dark.

https://duckduckgo.com/?q=sir+les+patterson+youtube&t=h_&iax=videos&ia=videos&iai=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DL4mQVv-7J14

Cheers back atcha!

Out for a bit.

Crippled Canadian miner Centerra Gold (TSX: CG; NYSE: CCAU) has brought additional claims in its binding arbitration against the Kyrgyz Republic government as it fights the “wrongful expropriation” of the cornerstone Kumtor mine.

Centerra has also named, state monopoly gold refiner and Centerra’s largest shareholder, Kyrgyzaltyn, as a respondent.

centerra gold
According to the amended notice of arbitration, Kyrgyzaltyn conspired with the Kyrgyz government to take control of the mine under the guise of temporary ‘external management’. It appears to continue acting at the government’s behest concerning the Kumtor operation and its shareholding in Centerra, the company alleges.

Centerra brings additional claims in Kyrgyz-Kumtor arbitration

Exactly.

Cheers mate

https://schrts.co/iNquKZPu

that if the market is falling because people fear the impact of the “Delta Variant” then this also means that the gov will continue to be injecting funny money into the economy at a brisk pace. This should ultimately cause gold and silver to rise.

Except for the Rig.

so tiring and so predictable

Cell phones and cancer: New UC Berkeley study suggests cell phones sharply increase tumor risk

Researchers took a comprehensive look at statistical findings from 46 different studies around the globe and found that the use of a cell phone for more than 1,000 hours, or about 17 minutes a day over a ten year period, increased the risk of tumors by 60 percent.

https://www.fox5ny.com/news/new-uc-berkeley-study-draws-strong-link-between-cell-phone-use-and-cancer

Benchmark Develops Comprehensive Exploration Plan for Marmot and Marmot East Gold-Silver Targets

https://finance.yahoo.com/news/benchmark-develops-comprehensive-exploration-plan-211800319.html

Ascot Intercepts New High-Grade Copper, Gold, and Silver Mineralization in Geophysical Target at Premier

https://finance.yahoo.com/news/ascot-intercepts-high-grade-copper-110000038.html

Blackrock Silver Drills 3,542 g/t Silver Eq. over 0.9m Within 3.5m of 1,239 g/t Silver Eq. in New High-Grade Zone at Tonopah West

https://finance.yahoo.com/news/blackrock-silver-drills-3-542-113000910.html

Globex Mining Enterprises Inc. Announces Normal Course Issuer Bid

https://finance.yahoo.com/news/globex-mining-enterprises-inc-announces-123000544.html

Metallis Begins 2021 Exploration Program at Kirkham Property

https://finance.yahoo.com/news/metallis-begins-2021-exploration-program-130000411.html

Golden Dawn Announces Trench Sample Results up to 23.4 Grams Per Tonne Gold

https://ceo.ca/@accesswire/golden-dawn-announces-trench-sample-results-up-to-234

Starr Peak Announces Major Expansion of Drilling Program to 40,000 Metres on NewMétal Property

https://ceo.ca/@newswire/starr-peak-announces-major-expansion-of-drilling-program

… over at Wallstreetsilver … covers the hard calculus of where silver (PMs) is heading into next year.

See here

Cheers all

here the come.

Mr.Copper – regardless, pm shares are the only commodity shares that don’t react to the price of the underlying commodity.

Know what u mean about small steps etc.

U see it here in the mornings like today, the metals will suddenly break free and run higher…but then as sure as eggs is eggs, the sellers come in to calm it all down and push prices back.

One thing for sure is the SM is building up for an almighty fall, sure it can run a lot higher, but the way the mkt is developing and feeding punter speculation, is a classic set up.

I think we have to keep in mind, which choice is like the blue chip, and which one is like the penny stock. Two different kinds of investors. The pm share market is leverage. Banks and governments or big money would not be loading up with shares. That can go down in sympathy with a sold off Dow, to a point. Then a rebound. We’ve seen that.