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

Todays paper way too many people are not paying very late on their utility bills. Many people still not paying their mortgage loans. They are shutting down a big shopping mall near me.  Also a CVS shut down. Ya know, all during the pandemic, I was wondering what the next fiasco was going to be. Here it is. Now wondering about the next one after Ukraine.

A currency collapse and runaway inflation? Or a deflationary collapse with no liquidity and nobody can sell anything for the normal very high prices. Especially stocks bonds and real estate. There was a deflation during the 1970s with stocks bonds and real estate. Interest rates went like 6% to 20%.

scum want to paint a double top @ 2070 on AU…..they’re desperate to get one there….see my previous post about AFP putting out that old story and scum hitting all mkts….

They’ve pulled off an 800 Dow pt rally on pure BS….unreal

https://www.zerohedge.com/markets/stocks-surge-after-afp-repackages-stale-story-zelensky-no-longer-insisting-nato-membership

we could be in for what I hope is a short, sharp correction down to 280

USD getting smacked around after coming back earlier.

Gold still up $ 30 and the scum take NEM negative on the day !!!!!

https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-8

This time it appears they mean business, hitting the shares pretty hard too.

talk about something that just won’t die

Winedoc

where every hit the scum tries to make, there are plenty of buyers to take us right back up. The previous all-time high for GLD was $195, we’re at $192. Probably $30 or so will get us to a new all-time high.

Exciting!

got Gold?

Yep Putin has been developing ways around sanctions for a long time now. China and India give him a market to sell oil and gas etc. There are alternatives to SWIFT.

As long as no one hits the red button I am a happy camper!

Numb is a good word. There is more to this invasion and in particular the sanctions on Russia.

I suspect there’s something more than we see, and Putin is not stupid. I’d think he’d have every financial attack covered because we’ve been sanctioning them for years now. I’m not sure I believe that these sanctions are crushing Russia, and if they are, I guess he’s definitely prepared to take the financial system down with him.

I must say I feel a little numb at the price appreciation in the metals. Normally this would be a good time to lighten up … but these are not “normal” times.

320 in the rear-view mirror, climbing briskly.  350 soon??

Just imagine what wud happen in Gold and Silver…..if the scum was forced out……50 K plus in Au..why not….

https://www.zerohedge.com/commodities/nickel-halted-after-historic-250-surge-costing-chinese-tycoon-billions-margin-losses

Canada Says Its Oil Could Replace US Imports Of Russian Crude, All It Would Take Is Approval Of The Keystone XL Pipeline

https://www.zerohedge.com/commodities/canada-says-its-oil-could-replace-us-imports-russian-crude-all-it-would-take-approval

Maybe we’ll blow through that too. They are just reflecting the rising go pm prices and that could stay overbought for awhile.

edit: gold up $50!

5 dollars could be easily achieved this year. Biden is banning oil and might get it from Venezuela and if they do I hope they negotiate to get our citizens out. They have a ex green beret and Us oil company people locked up and who knows who else.
That’s crazy in price. You really should have a alternative in that kinda cold anyways. Maybe get a wood stove. Maybe even a few electric heaters would be cheaper to cut down on its use.

maybe an up day of $50 might not be a fantasy after all..

Silver up a buck? Is that real??

Nickels might be worth more than 5 cents. The pre ‘82 Copper pennies are worth more than a penny. 140 copper pennies is a pound of copper . Check the price of copper rounds. Or bar and tubing stock at ace hardware.

No way, I’m not buying it but will buy something else instead later.
I wanted to pick up some SlV today but the darn thing gapped up. Hopefully it will try to fill the gap tomorrow. Now I know what they mean by trying to grab the bull by it’s horns.

Quite a spike in nickel! I don’t know how you can buy something like that now.

Right on that. The earlier deliveries were less so far I’m up to $4100 hopefully the last delivery for the winter. I’ve had worse years like $5 or $6,000 when oil was $145/bbl.

The $145/bbl days the dollar index was 72. 2008?  We’ve got $125 oil with a very high dollar index over 90. If the dollar drops back towards 80 things will get very interesting with oil gold silver etc.

All metals were too cheap for too long. Never kept up with inflation 1965 to 2004. I used to make things out of metals and remember . Everything is in reverse after 9/11 and Bernie Madoff.

Distortions and oddities are trying to right themselves it seems. The biggest important one is the starter wages were not keeping up also 1975 to present.

The biggest thing on bills is labor and materials. They were both lagging, probably on purpose. The old winners will be losers, and the old losers will be winners. gradually or suddenly after an economic earthquake.