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

Part:

“For the record, nearly 40,000 contracts of COMEX gold futures has a total notional dollar value of $7.2 billion (at $1800 per ounce) and each dollar move higher or lower would equate to $4 million for the holder, and $400 million for each $100 move in the gold price. Minimum initial margin requirements would run $8250 per contract or $330 million for 40,000 contracts. My best guess is that the position in question was acquired at roughly a $1770 per ounce average price.”

Comment,

My guess it may be a $7.2 billion purchase by a big central bank or a government. And they will take delivery. When TSHTF paper Gold will be useless imo. That’s not insurance, and IOU of gold. It has to be on hand. For the new system if this one ends suddenly. It would be like 1934 when they banned gold ownership, revalued the Dollar down 70% to get prices up and started a new game or round of printing for WW II etc.

Dines says ……..  “Don’t Think ….. Look” ……….

Still getting his letters,  wishing him well on his health concerns that he disclosed several months ago

Bought a mini Uranium PF 3 mos ago,  I wasn’t really early enough after  being “singed” after Fukashima,  but some stocks making 10 yr highs  …… so Im doing Ok

Smoke Signals were there

Ux prices are at highs, Sprott buying up Physical Uranium

“Drink Upstream from the Herd”

As for my PM PF ……  Pffffft ….

Best Regards Friends

Winedoc

A Gold Whale Surfaces

by Ted Butler

Compelling data in recent Commitments of Traders (COT) reports point to the emergence of a very large buyer in COMEX gold futures. The last four COT reports, starting with the report for positions held as of August 10, show a dramatic increase on the long side in gold for the 4 largest traders (not to be confused with the concentrated short position I speak of regularly, particularly in silver). Data over the past 4 reporting weeks indicate that a large non-commercial trader has amassed as many as 40,000 COMEX gold contracts, the equivalent of 4 million ounces of gold.

In addition to the concentrated long position being among the highest on record, even more interesting is that the sharp increase began during the reporting week corresponding to the recent deliberate smash down in gold and silver prices into August 9. What this indicates is that the large non-commercial trader, most likely included in the Other Large Trader reporting category, bought most aggressively into that price smash – apparently by design.

more https://www.gold-eagle.com/article/gold-whale-surfaces

Well sure they are desperate and skating on thin ice. Sure they manipulated rates down to practically nothing to save the world 🙂 But they must have “slippage” going on. Gold is holding the $1800 area.

Another thing I noticed long ago, if there is a better sector doing great, it attracts all the attention and investors. John Q Public doesn’t bother with Gold Mining stocks obviously.

I think PMs need a new uptrend in Spot Gold towards and above $1900. Then the computerized trading machines will provide crazy high PMs stock chart inclines like I see with Uranium etc.

Another thought. There is a bi monthly coin show near me, and its mostly dealers selling to other dealers. Re Gold BULLION?? Its probably mostly dealer to dealer. Bank to Bank, Country to Country. I doubt very many of the public have a heavy demand for Gold coins and bars. I myself know of no one.

Things are changing. The present “system” can’t win. And I suspect that virus was accidently on purpose let loose to shock the economy like the banker bozos did with rates up to 21% last time they were desperate in 1980.

The typical system MO is they strangle the economy until the eyes are bulging out torcher and death is near, with 21% rates, then they suddenly drop the rates and create a “Relief Rally”.

Instead of high rates to cool or take away the punch bowl, the COVID took away the punch bowl. But all the money printing and inflationary expectations just kept flying into the everything bubbles stocks bonds and real estate anyway.

The whole system is a phony load of crap, but still working. Gold is the insurance and its the end game. So imo its the big pigs at the trough buying Gold bullion. Banks and gov’ts. Recently a big corporation bought a bunch of gold but can’t remember.

If they hit gold down on purpose its for themselves, but its probably their own demand that drove it this high. We just need the banks and gov’ts to do some panic buying among themselves.

I’m done here LOL

P.S. There might come a day when everybody has to cash out their entire PMs investments and wire the money US Mint approved Gold bullion dealers. And have a nice day.

Love that cartoon!

Watch out for the drool Joe!

I noticed the price of copper and oil earlier. Stunning that while they move higher and inflation is screaming higher, gold and silver get weaker. Apparently higher rates and the USD only effect pm’s and nothing else.

There is no other explanation other than banksters and their manipulation.

In the Coal and Consumable Fuel sector, I don’t see any sign of decarbonization. However in China I HAVE seen some signs of decarbonization. Things are changing. China has done very well financially, and USA has NOT done very well financially for a long time. Nothing stays the same forever. The future is always a surprise.

I made money on this stock long ago, and I see PGMs are low in the charts. So I started looking at it and here’s what I see. MRQ Most Recent Quarter.

• Gross Margin (MRQ) 40.16%
• Net Margin (MRQ) 28.47%
• Dividend 1.67
• Dividend Yield 11.62% Huhhhhh??? While we wait?
• YTD % Change -9.94%
• https://www.cnbc.com/quotes/sbsw?qsearchterm=sbsw

It looks too good to be true. Anybody notice Copper price blasting off today? The leader of the pack? $4.45/lb. TGB + 5%, SCCO + 5%, FCX + 3% but as we’ve seen lately, we can’t always rely on the shares doing what they are supposed to.

https://finviz.com/futures_charts.ashx?t=METALS&p=d1

AZ Audit Proves 2020 Election Fraud, Biden Attacks Unvaxed, USA is Broke

Think about real estate and rental costs too. New car prices? In the 1960s some people paid cash on delivery, the entry level people like me needed three year loans to buy the new car. Today? Entry level can’t afford new cars at all. Unless maybe a 6 year loan or a leased car and after three years, they give it back so the dealer can make even more money.

I’m optimistic for the entry level common mans future, simply because things go so bad for them. And the US Gov’t and global economy, or rather other nations, NEED very profitable Domestic businesses to supply a well paid massive middle class, to pay taxes and buy imported consumer products. If entry level values go up, all other wages will also go up re pecking order. Low entry holds down all others wages.

I think all the metals have some catching up to do … and it’s going to hit the common man right in the wallet.

Biden administration moves to block Alaska Pebble mine

I agree Gold should be a lot higher, and I see and understand why you doubt TPTB allowed it higher for poor countries.

The only reason I thru that in, was because all my life I’ve seen too much foreign aid, and somebody in the story mentioned the hypocrisy of trying to help foreign nations, and at the same time in the past, TPTB held down the values of the commodities, of those nations.

What comes to mind is Venezuela. Their main export is Oil. When TPTB engineered a low 72 dollar policy it caused a high $145/bbl Oil, Venezuela was flying high doing great. They probably started borrowing and spending for the public good, but the $145 Oil caused a supply glut, and it went down to $28/bbl.

The system zigs, so the people zig, and then the system zags while the people are still zigging and they get screwed. It happened to gold bugs too many times. 🙂

Besides all that, I see too many signs that the system is trying to be more organic, more like capitalism versus the past since 1913 of a centrally planned manipulated economy.

I was working with metals all my life, and they were artificially too cheap. I assume for the greater good of lower manufacturing costs so everybody profits on the loss of producers. Copper was $1/lb plus or minus .50 cents 1972 to 2004 (after 9/11/01) unleashed over $4 now.

Aluminum also DIRT cheap too many decades seems to be unleashed lately too. Steel was so cheap, scrap pieces or drop offs were thrown away in the dumpster. Gold should be over $2800 with my calculations, so its on its wat there if everything is trying to right itself gradually.

Aircraft, and national defense manufacturers consume lots of metals and they got off cheap for too long.

Biden Exempts Over 600,000 USPS Workers From Federal Mandatory Vaccination Order

https://www.zerohedge.com/markets/biden-exempts-over-600000-usps-workers-federal-mandatory-vaccination-order

Beijing Blinks: Will Allow Evergrande To Renegotiate Debt Terms

Maybe it was the 3rd consecutive day in a row that Evergrande bonds were halted after furious selling amid growing concerns of imminent default…

Evergrande 6.98% 2023 Local Bond Halts Trading After Plunge

How many times can a bond “plunge” before hitting 0

— zerohedge (@zerohedge) September 9, 2021
… or maybe one of those pro-China US billionaires – such as Larry Fink and Ray Dalio – who are now engaged in discrediting George Soros for speaking out against the one true Chairman, and who still remember what happened the weekend after Lehman collapsed made a phone call to Beijing and urged them to reconsider, but whatever the reason, on Thursday China blinked and according to Bloomberg, regulators in Beijing signed off on a China Evergrande’s proposal to renegotiate payment deadlines with banks and other creditors, paving the way for a temporary reprieve as the cash-strapped developer struggles to come to grips with more than $300 billion of liabilities.

https://www.zerohedge.com/markets/beijing-blinks-will-allow-evergrande-renegotiate-debt-terms

https://americasfrontlinedoctors.org/frontlinenews/immunization-expert-unvaccinated-people-are-not-dangerous-vaccinated-people-are-dangerous-for-others/

Unfortunately it’s dragging pm’s with it.

This is Gary Gensler’s SEC. Seems to me that with he and Biden at the helm we may be in for a few more years of this.

I’ve never done any shorting but it’s gotta be terrifying to be short a stock and it does a rocket ship on you!

Cheers

“Gold was probably around $300/oz back then and gold at $1800 these
days maybe suggesting they can’t hold it down anymore, or more
likely they have sympathy for poor gold producing nations.”

Gotta disagree with you there my friend. I don’t think those who are suppressing the price of gold give a fig for the gold producing countries. I don’t think that’s a factor.

Getting some follow through this am early. It appears some bigger players think it might be a real winner.

If I had to do it all over again I would just invest in the royalty companies.
Wouldda, coulda, shoulda.

Gold slipping. Scum can’t allow pm’s to be a hedge against inflation. So here they come.