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

Well looks like everyone should just take a summer break. Now I know why not to bother till September.
Fed said there gonna raise rates till September then a couple small 25 points beginning 2023 then maybe reverse end of 23 depending on inflation.
Well that makes sense. The WH gold diggers aren’t going to stop spending and throwing all the money away so everyone else is going to have to go broke instead.

I know I don’t post very often, but I still log in and read the posts everyday…..

Th old adage ( “if you don’t have anything nice to say, don’t say anything at all”) resonates with me during this time frame for the PM’s…..

I think there’s about three of us left!

Of course, some people are saying, “Well, we need Paul Volcker back again. Somebody like that would magically solve things.”

What Volcker did 40 years ago was good, necessary, and courageous. But I don’t think they will dare a repeat performance now because the house of cards has been built much, much higher than it was in Volcker’s day. If somebody steps into Volcker’s shoes, they’ll be pilloried for causing the collapse of the financial world and the economy with it.

That’s what they should do—let it collapse and abolish the Fed. Most of the real wealth will still be here. But they won’t. For one thing, the USG needs the Fed to finance its gigantic deficits. In Volker’s day, they said “we owed it to ourselves” or could peddle their debt to foreigners. No more. Plus, the USG, with about $32 trillion of debt, can’t afford high rates. If rates simply equaled the level of inflation, their interest payments would exceed 100% of their tax income—about $4 trillion. This seals the fate of the US dollar. I’d hate to be the chairman of the Fed at this point. There’s really nothing that they can do—even if they were competent.

https://www.zerohedge.com/markets/doug-casey-crashing-markets-commodities-what-happens-next

It’s Not a Turndown, It’s a Takedown – Catherine Austin Fitts

Still around

Could sentiment get any worse…….are there enough investors to register a sentiment reading ????

I see today is a typical scum day…..SM falls and everything else gets dragged down..then the SM magically reverses back up and everything else stays in the ditch…..no sir no inflation in commodities….. look for yrself !!!!!

Shares of gun makers got a boost in morning trading Thursday, after the Supreme Court of the United States (SCOTUS) struck down a New York State gun-control provision. Sturm Ruger & Co.’s stock RGR, +3.81% jumped 1.9%, after being up about 1.4% just prior to the SCOTUS ruling, while Smith & Wesson Brands Inc. shares climbed 5.2%, after being up 3.2% just before the ruling. SCOTUS said the New York law that forbids people from obtaining a permit to carry a handgun publicly unless they can demonstrate a special need violated the U.S. Constitution’s Second and Fourteenth Amendments, which gives “ordinary, law-abiding citizens” the right to publicly carry handguns. Sturm Ruger’s stock has declined 12.3% over the past three months and Smith & Wesson shares have shed 13.1%, while the S&P 500 SPX, 0.11% has dropped 14.9%.

https://www.marketwatch.com/story/gun-maker-stocks-jump-after-supreme-court-strikes-down-new-york-gun-control-law-2022-06-23?siteid=yhoof2

That’s why it’s better to sell or at best hedge but it’s still a distraction losing money especially knowing their intention when you could use that money somewhere else.
It’s driving stocks down better than inflation. The WH is apparently too stupid to see their part in causing inflation and apparently no ones left competent enough to tell them not that they care. It’s like they want to destroy this country,
Generally the stocks go up and dollar down before a election. With them dollar up stocks and people’s savings down. There doing it wrong but that’s not a surprise, Maybe they think they have the elections rigged so they don’t have to worry about it.

Look how all the Bonds have been bouncing back up. Pushing rates down. Figure that one out. Is this natural market forces? Or is the Fed involved knocking rates back down. while saying he will be raising rates.

Lets face it, they have been “day trading” the economy for years. On the gas, back on the brakes, back on the gas. They don’t know the future. I think they don’t even know what the major problems are. They better start taking some smart pills.

I just noticed, the energy sector charts XOM CVX etc started dropping the same time the 10 year rates started dropping.

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

Fortitude Gold Intercepts 6.10 Meters of 3.10 g/t Gold Within 21.34 Meters Grading 1.79 g/t Gold at Golden Mile

https://finance.yahoo.com/news/fortitude-gold-intercepts-6-10-133000659.html

Puma Exploration Announces Uplisting to OTCQB Under Symbol “PUMXF”

https://finance.yahoo.com/news/puma-exploration-announces-uplisting-otcqb-134500276.html

McEwen Copper: Los Azules Progress Report #3

https://finance.yahoo.com/news/mcewen-copper-los-azules-progress-110000613.html

Ascot Provides Update on Project Development, Financing, and Exploration

https://finance.yahoo.com/news/ascot-provides-project-development-financing-110000592.html

1911 Gold Commences 2022 Tailings Reprocessing and Receives $300,000 Grant from Manitoba Mineral Development Fund

https://finance.yahoo.com/news/1911-gold-commences-2022-tailings-110000810.html

GFG Step-Out Drilling Returns 1.32 g/t Au Over 33.5 Metres Along with Infill Results of 4.95 g/t Au Over 8.3 Metres at Montclerg, East of the Prolific Timmins Gold District

https://ceo.ca/@nasdaq/gfg-step-out-drilling-returns-132-gt-au-over-335

Sky Gold to Begin Working With Goldspot Discoveries on The Mustang Project, Newfoundland

https://ceo.ca/@accesswire/sky-gold-to-begin-working-with-goldspot-discoveries

GoldHaven Provides Exploration Update on Pat’s Pond Located in the Central Newfoundland Gold Belt

https://ceo.ca/@newswire/goldhaven-provides-exploration-update-on-pats-pond

Canterra Minerals Significantly Increases Land Position in Central Newfoundland, Including 15 Kilometres of Strike Length along Rogerson Lake Structural Corridor

https://ceo.ca/@newsfile/canterra-minerals-significantly-increases-land-position

Osisko Mining Corporate Update

https://ceo.ca/@nasdaq/osisko-mining-corporate-update-647b0

Exploration Commenced on Bingo Property in Golden Triangle, B.C. and Provides Additional 2022 Exploration Plans

https://ceo.ca/@nasdaq/exploration-commenced-on-bingo-property-in-golden-triangle

Getchell Gold Corp. Engages Apex Geoscience to Conduct a Resource Estimate for the Advanced Exploration Stage Fondaway Canyon Gold Project, NV

https://ceo.ca/@newsfile/getchell-gold-corp-engages-apex-geoscience-to-conduct

Argonaut Gold Reaffirms Magino’s Estimated Cost to Completion and Announces US$250 Million Binding Debt Commitment and Proposed Equity Financing to Fully Finance the Magino Construction Project

https://ceo.ca/@nasdaq/argonaut-gold-reaffirms-maginos-estimated-cost-to

Americas Gold and Silver Corporation Provides Galena Complex Joint Venture Exploration Update

https://ceo.ca/@businesswire/americas-gold-and-silver-corporation-provides-galena-6b291

GoldMining Inc. Discovers Extension Of Its La Garrucha Target, La Mina Project, Colombia: Drill Results include 345.54 metres at 0.74 g/t AuEq

https://ceo.ca/@newswire/goldmining-inc-discovers-extension-of-its-la-garrucha

USD screaming higher. PM’s in the crapper. Typical.

edit: USD losing steam, rates slipping as well. We should be up $50, but Powell is speaking again today.

From Robert one of the best chartist around if you can read them and
Double top.

WATCH OUT

As long as USD doesn’t break through resistance.

This is only one support level.

Do the majority of trucks “ like those who deliver our food and supplies” run on diesel?
Speaking of which maybe gas up buy what you need if you live anywhere near where the left will Riot and loot if Roe vs Wade is overturned and goes back to the states. That could be any day or week now.