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

Did the Perth Mint just admit all it”s gold is hooky and always has been ?????

Posted by Maddog @ 9:41 on March 10, 2023  

Nasdaq To Suffer Friday As SVB Matters More Than US Jobs Data

Posted by ipso facto @ 9:39 on March 10, 2023  

https://www.zerohedge.com/markets/nasdaq-suffer-friday-svb-matters-more-us-jobs-data

Lookin’ good

Posted by Buygold @ 9:38 on March 10, 2023  

If we continue to hold gains, this is exactly what we needed to end this correction.

Would love to see the HUI close above the 200 dma up around 220. Confirmation.

Rates continue to plunge – 10 yr now down 16 bips! Shorts getting crushed in bond land,

Buygold

Posted by ipso facto @ 9:00 on March 10, 2023  

“We’ve had our first bank blowup of the year – SVB Financial a Silicon Valley Bank. We know Credit Suisse is in trouble as well. So much for higher rates being good for bank earnings.”

There’s always more cockroaches!

A little threat to the banking industry should stay Powell’s hand!

Morning Buygold @ 4:13

Posted by ipso facto @ 8:55 on March 10, 2023  

Someday I’ll have to dump the junk out of my PF. Got a number of midgets that are worth a fraction of what they once were. It’s only the occasional big winner that keeps me in the game … and those are few and far between.

Looks like some AG bears getting taken to the woodshed….that’ll each ’em not to listen to Powell.

Posted by Maddog @ 8:51 on March 10, 2023  

deer79 @ 7:26

Posted by ipso facto @ 8:50 on March 10, 2023  

You’re welcome friend. Maybe today we see a little break in the storm.

Posted by ipso facto @ 8:47 on March 10, 2023  

FREEGOLD VENTURES LIMITED. ANNOUNCES $10 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING

https://finance.yahoo.com/news/freegold-ventures-limited-announces-10-214900264.html

NOVAGOLD Releases Its 2022 Annual Report Featuring a Conversation Between Dr. Thomas S. Kaplan and Daniela Cambone

https://finance.yahoo.com/news/novagold-releases-2022-annual-report-221400677.html

Benchmark Metals looking at sizeable drilling program in 2023 at Lawyers Project

https://finance.yahoo.com/news/benchmark-metals-looking-sizeable-drilling-121918527.html

Val-d’Or Mining Announces Follow-On Agreement for Strategic Partnership with Gold Royalty Corp.

https://ceo.ca/@newsfile/val-dor-mining-announces-follow-on-agreement-for-strategic

Highlander Silver Reports High Grade Rock Samples & Priority Target Areas at its Politunche Project, Central Peru

https://ceo.ca/@thenewswire/highlander-silver-reports-high-grade-rock-samples

Mexican Gold Announces Consolidation

https://ceo.ca/@globenewswire/mexican-gold-announces-consolidation

TRX Gold announces company has placed order for a new ball mill for Buckreef Gold Project

https://ceo.ca/@thenewswire/trx-gold-announces-company-has-placed-order-for-a-new

Bunker Hill Affirms Total Restart Project Budget, and Receives Upsized $20 Million Offtake Finance Proposal

https://ceo.ca/@globenewswire/bunker-hill-affirms-total-restart-project-budget-and

Silver Viper Minerals Announces $3 Million Private Placement

https://ceo.ca/@newswire/silver-viper-minerals-announces-3-million-private-5dcc3

Artemis Gold Obtains BC Mines Act Permit for Blackwater Mine

https://www.newswire.ca/news-releases/artemis-gold-obtains-bc-mines-act-permit-for-blackwater-mine-827685687.html

WOW!

Posted by Buygold @ 8:41 on March 10, 2023  

bonds are now screaming higher. 10 yr down 13 bips!

USD starting to fall in earnest.

These are serious tailwinds.

This HAS to be the day that turns this ship around AND the shares need to lead again.

Drum roll please….

Posted by Buygold @ 8:37 on March 10, 2023  

and it’s a beat!!! Huge 311K jobs created vs. 203 estimates. But, the unemployment rate was up vs. estimates. A bit of a counterweight.

PM’s looking OK, SM was down, now rallying.

Surprisingly, we’re not getting hit on this news. Huge dea; considering the strength of the report. Just hope we can maintain or increase gains all day long.

Bitcoin coming back above 20K

Looks like $1850 will keep us contained for the day.

So Powell was jawboning and no-one had the numbers early…like all those Bond buyers didn’t

Posted by Maddog @ 8:36 on March 10, 2023  

No sir no insider scoops here…that’s not how we make billions on this prop desk, we don’t just front run the Fed……anyway we haven’t got a prop desk, all those people over there, they just come here to get out of the rain…..

Deer79

Posted by Buygold @ 7:34 on March 10, 2023  

Thanks for posting. I’ve thought this was it many times before as well. In fact, damn near every little rally.

My gut says you are right and this is some sort of inflection point or shift in markets that might carve out how the next couple of years play out.

Bitcoin

Posted by Buygold @ 7:27 on March 10, 2023  

Down over 1800, 8.5% in the last two sessions. We’ve had the everything rally, now are we getting the everything sell off?

Thanks

Posted by deer79 @ 7:26 on March 10, 2023  

Ipso for the daily news updates regarding specific miners, and to you Buygold, for your insightful updates as well.

I also feel we’re at a very crucial turning point, but I’ve thought that many times before…..

DOW just now jumping

Posted by Buygold @ 6:53 on March 10, 2023  

was down 170, now 40. Nasdaq up 40. Last 5 minutes or so.

What’s it all mean?? 🙂

Stock Market weak, rates down 3 bips, dollar flat, Bitcoin crushed

Posted by Buygold @ 6:14 on March 10, 2023  

We’ve had our first bank blowup of the year – SVB Financial a Silicon Valley Bank. We know Credit Suisse is in trouble as well. So much for higher rates being good for bank earnings.

Bitcoin is getting obliterated again after yesterday’s 1K+ decline, down another 650, back below $20K. Bonds rallying. All we needed was a bank blow up, which we now have with SVB Financial. Discussing a potential blow up in their CA. real estate portfolio.

Is this the beginning of a March Meltdown for the SM ala 2009?

This might also give the Fed the cover they need to pause.

As of this moment gold and bonds are the only things I see that’s up.

I like the setup going into the jobs report.

Day 5 – “The Big Day”

Posted by Buygold @ 4:46 on March 10, 2023  

Believe it or not, we’ve really only had one really bad day this week and that was Powell’s testimony on Tuesday. Other than that we’ve been hugging the flatline for the most part in the shares.

We’re still oversold in the ETF’s/Indexes, and below the 200 dma already, so I guess that’s turning into resistance – or at least trying to.

Lastly, just biding our time until another jobs report comes out. I’m hoping for a weak report and revision to last months. Anything over 200K on the jobs front and we probably get whacked.

Pretty simple, we’re either going to turn the corner today or we’ll break below 210 on the HUI and the correction continues. Too bad we have to be concerned with an economic data point to figure out where we are going short term.

Ipso – yes it does

Posted by Buygold @ 4:13 on March 10, 2023  

I’m thinking I’m done with these small cap miners/explorers, I’m just not good enough to pick the winners and rarely make any money on them. Ha! In fact I’m not good enough to pick winners among the large cap producers either! 🙂

I’m seriously considering shifting to just royalty companies – although GROY is a royalty company that trades at $2 now, gone from $3 to $2 since I’ve owned it, and it’s performed worse than any other royalty company, so I guess I’m not good at royalties either. 🙂

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.