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

Buygold

Posted by Maddog @ 7:23 on May 17, 2023  

To me the Rig is the main factor, as long as that can run, then PM’s have a serious problem….break out will be forced to fail etc. and values will be miles short of where they shud be.

That said I see the Rig as part of the Deep State/WEF problem, which is in serious trouble, as it has less than zero backing from the general population, it can only maintain itself by cheating and force.

That is not sustainable while trying to maintain a charade of a functioning democracy, it will soon have to go full despot and thus prove all conspiracy theories correct.

Meanwhile growing numbers are seeing through the existing facade, tks to the Vaxx scandal and the fake Ukraine war etc….I saw an interview with RFK Jr, with Mark Steyn…..in it he openly accuses the CIA of killing his Uncle and Father…..Trump has apparently seen the relevant documents and refused to release them, due to their incendiary nature…..Once the Dems realise that the CIA killed their great hero JFK…then they too will turn on the Deep State…..

Plus I think the only reason that Russia and China are holding back, over Ukraine, is the possibility that Trump wins in 2024 and common sense will return…..if the Dems cook it again…all bets are off.

Buygold

Posted by goldielocks @ 7:06 on May 17, 2023  

lol  It’s really not a mental illness, it’s a addiction that becomes a way of life.Same way sports can be. Or like cigarettes where you know it isn’t good for you but you do it anyways.
I checked in FGC and Rambus site awhile back and was surprised to see so much info on C-OVID and other subjects as the governments get more stupid and corrupt. That was surprising as it started out just charts on PMs.
I saw Silverboom on there too , and Goldballon and his travels who may have gave it up too. He’s such a camera ham.
There was a lot of good info on other stuff besides gold. I didn’t sign up, I just checked in during Covid.
Yours right about the charts though, The economic climate and charts have to go together. That could be seasonal or some event.

 

there too.

Found this post on a UK political board …no link

Posted by Maddog @ 6:57 on May 17, 2023  

I’ve spent a lot of time in Taiwan – probably something like 15 visits over the last 20 years, some of them for up to 4-5 weeks at a time. I was there last month, as well as in Japan, my first time to either since Covid re-opening.

The Taiwanese don’t see a Cold War. Neither are they concerned about imminent invasion. Rather, Truss’s visit (and the Pelosi one, and others) is about Taiwanese domestic politics.

The current Green Party administration – in power for about 7 years with a presidential election due next year (President Tsai can’t stand again) is keen to show itself ‘standing up for Taiwan. It’s also mired in sleaze of the sort we are quite familiar with – dodgy covid contracts, plagiarism, sex scandals. It needs a distraction and all this fuss delivers it quite successfully.

Plenty of Green Party senior politicians either come from families that have made a fortune in commerce with China, or indeed made a fortune personally the same way. These are largely the same families that did well under 50 years of Japanese occupation. The families that came over with Chiang Kai Shek largely remain involved with the KMT – needless to say many of them did very well (not least Terry Gou, billionaire owner of Foxconn, who stood last time for the KMT presidential nomination and is running again).

So Taiwan is not disengaging from China economically. The only disagreement between the two parties is on strategy for maintaining effective independence – the KMT (perhaps increasingly naively since the arrival of President Xi) thinks this can be done by smoothing over difficulties and kicking constitutional questions into the long grass. The Green Party is rather more fearful, and is working to diversity the economy and build stronger alliances with the West and with Asian partner economies.

The Green Party sees Taiwan’s history as largely separate from China – after all it was only a made a province of the Qing government in the second half of the 19th century, in response to Japanese incursions, and was handed over to Japan in 1895. During the chaos of the Chinese Civil War after 1945, Taiwan was handed to the Republic of China and the island handed over by the Japanese to what was effectively just another lot of incomers (other than a few elite trading families, few Taiwanese spoke the RoC’s standard mandarin). Protests against RoC rule were ruthlessly put down (unarmed demonstrators shot in some incidents, many other activists detained, tortured and disappeared), and a Franco style dictatorship established that lasted effectively until the early 90s, though pluralism was a gradual process. The Greens belong to the tradition that fought for democracy throughout this period.

The KMT is the old RoC party, somewhat reformed needless to say. It has a vote reach that goes way beyond the 10-15% of the population descended from post 1945 immigrants (indeed, quite a few ‘elite’ Green politicians are decended from this group embracing their ‘progressive’ agenda – the KMT remains more Conservative). It sees itself as sensibilist, anti-boat rocking, but it should be noted that their history is very anti-Communist. At the margins there are a few Chinese stooges in the party but for the most part they are just as committed as the Greens to de-facto independence. And to making money.

So what can we do? First of all, mainland China cares not a hoot about Truss except where they can advance their own propaganda (and there’s plenty of that in bashing the arrogance of a failed politician from the country that kicked off the ‘century of humiliation’ that started with the First Opium War in the 1840s). Truss seems oblivious as to how this stunt reads in China and Taiwan – with laughable ignorance, she pronounces on things she doesn’t understand, a coda to her dreadful stint in No.10.

As for supply chain, any company that doesn’s have that issue in hand deserves to go to the wall – there’s no role for Goverment except perhaps to tweak procurement rules for the Government itself. The Confucius Institutes could easily be replaced, in partnership with Taiwan (Taiwan offers generally better Chinese teaching anyway than institutions in China because it comes without political bias and generally uses more modern teaching approaches, also enables more advanced students to learn both Traditional and Simplified Chinese).

As for cheap political stunts like Truss’s latest one – these are best avoided. The substantive work to assist Taiwanese democracy and values is far more important than tedious showboating.

It should be noted BTW that Taiwan is far more like Japan in its manners, cleanliness, openness and general way of doing business, than it is like China – also in its streetscapes and overall architecture, unsurprising perhaps as much of the infrastructure of modern Taiwan, from roads, reservoirs and railways to government buildings and theatres, was built during the Japanese occupation. The Taiwanese have a better sense of fun than the Japanese though – it’s a great place and I would recommend anyone who can to visit. It might shatter a few preconceptions.

Goldie – so true

Posted by Buygold @ 6:54 on May 17, 2023  

“Even if they kept it down the economy is still going to sand.”

Exactly right!

It’s funny, all the travelers we’ve had on these boards for so many years

Posted by Buygold @ 6:48 on May 17, 2023  

I remember silverboom. He was like me and finally threw in the towel on the shares, back what 10-15 years ago? He was smart enough to say enough is enough.

Fullgoldcrown also made the right move when he gave up and went with Rambus for the T/A crowd. However he didn’t lock himself into just pm’s. Smart move. I gave him alot of crap. I was wrong to do that.

Don’t misunderstand, I wouldn’t trade our tight group here for any other place, but you all get my point. I’m just saying it again for the 100th time.

The fact that I’m still here is very telling – about me. I have a serious mental defect for continuing to play this game in the hope that dreams might come true.

That is mental illness. I’m guilty.

 

Buy gold 6:31

Posted by goldielocks @ 6:46 on May 17, 2023  

Generally the ones people pick up on once it’s get going are the micros or forgotten juniors.
But a warning, once the micros start moving as people start looking for what else to buy lol that still has a way to go or so they think. It’s a sign we’re at the top. They’re not realizing the buying is slowing and that’s where selling could come in . To at least get your money back you paid in with profits because the sector is so volatile and lots of bad influences come out to mislead people not to trust their own eyes, experience or intuition,

Buygold 6:20

Posted by goldielocks @ 6:31 on May 17, 2023  

Lol, Gold doesn’t decrease the quality of life, the Gov does.
They’re admitting they got to try to slow the pace of the PMs cuz it will make them look bad.
Between 2000- 2008 it steadily went up because I think they weren’t paying attention till people bragging about it to the Gov., particularly the Fed. It’s been a battle ever since. Even if they kept it down the economy is still going to sand.

Morning Goldie – very well said – all.

Posted by Buygold @ 6:31 on May 17, 2023  

“That’s a bad habit risk less the chart verified a move I don’t see in other sectors. It just takes from your profits.”

Yes, and charts are meaningless when trying to gauge upside. We should have had a huge breakout just a couple of weeks ago. It is not normal for every potential breakout to be sold.

I no longer have fear of missing out on anything gold and silver. There’s plenty of it available, no shortages as we’ve been told over the years. It’s all a big lie in today’s corrupt world.

Buygold

Posted by goldielocks @ 6:21 on May 17, 2023  

I don’t blame you. You just can’t hold them once they turn on you. Only thing the miners are good for is position trades. They seem they are now in a new bull market then they turn again.
On going energy prices didn’t help. It would have to go high enough to make it worth while.
They say only keep 5 % in PMs Just watch this disinflation and don’t let talking heads  fool you with predictions they will pivot to inflation. Then if they do pick your targets maybe one or two and don’t listen to them with to the moon BS. They’re probably trying to sell. Ordinary people may think so or want to think so but talking heads it’s only a opinion or they want to sell.
I think we all grabbed shares of stocks once it gets going that you know nothing about only going up on sympathy and if you can’t get out at that sudden stop in time you’ll never get your money back. Only good at tax time.
That’s a bad habit risk less the chart verified a move I don’t see in other sectors. It just takes from your profits.
People are slowly merging in little by little or were. They could get out just as fast.
We don’t exactly have a gov. we can trust with anything right now. There is no part of the Gov. workers that we can trust now, nada.
All you can do is position trades at certain times of the year. I wouldn’t even do options, too risky.

So, counterintuitive to why to invest in gold at all. We’re supposed to hold it for security, but hope it doesn’t go up because the economy would be real bad then. What?

Posted by Buygold @ 6:20 on May 17, 2023  

Von Greyerz & Macleod: Insights On The Rotten State Of The Banking System

teaser image

gold is the only currency to have survived throughout history and is thus essential for long-term wealth preservation.

“Finally, they caution against wishing for the gold price to go up, as it would decrease the quality of life.”

Funny, I’ve always owned gold for exactly that reason, to pick up bargains during the collapse.

Morning dbr2

Posted by Buygold @ 5:31 on May 17, 2023  

Well said. “True believers,” indeed.

Here’s the real problem, I have been afraid of missing out for 20 years. I no longer believe there is a point where gold will go no bid and shares will go up 10x. Those days came and went in the early 2000’s.

It’s really the shares. G & S in phyzz form is just fine and I don’t intend to sell unless I need to raise cash.

These shares are all garbage. Every one of them. Occasionally you’ll get a Kirkland Lake, but those companies just get bought out and buried in a large miners portfolio.

The guy I’ve bought my phyzz from told he would never buy a miner back in the early 2,000’s. I wish I had listened.

I’m no longer afraid of missing out, because for 20 years, shares always come back to the crap they are.

Gold Train

Posted by Maya @ 2:43 on May 17, 2023  

The things one has to do… to keep a river navigable
https://railpictures.net/photo/813184/

 

@ Buygold RE: “I can’t do another one of these crashes in the shares.”

Posted by drb2 @ 23:49 on May 16, 2023  

Hi BG,

I hear what you’re saying. Me too. I’m so sick of this crap.  It’s like death by a thousand cuts.

The problem I struggle with when I think of selling out, is that I know I am right when it comes to PMs – the medium of exchange between humans is too important for it to be created out of thin air as debt… and that is exactly how Federal Reserve Note are created.  Eventually, without question, they will fail.

The problem for people that embrace this thought is that they are true believers.  There is an old saying “a long Bear Market can not end until the last Bull (true believer) gives up hope.”
The more one thinks about that statement the more it makes sense.  And the more it scares me – I may have to sell out in order for PMs to at long last be free. ?

For the first time since 1913 when the Fed was created, a credible alternative has been proposed. There is a sliver of hope that this new currency will somehow be tied to commodities, including PMs.  It is hard to think of a more demoralizing event than, after years (and years of) torture, to sell out totally…. then try to get back on the train, but be too late to catch it.

Good Luck

Posted by ipso facto @ 21:51 on May 16, 2023  

Buygold

Posted by ipso facto @ 21:20 on May 16, 2023  

Looking at what’s going on in the world it’s very hard to see a scenario where gold is knocked down for very long.

That said … the shares can sure get punished during these gold downturns!

A lot miners seem to have an AISC of $1500 or $1600 and they’re not making much money if any. Costs seem to have really gone up. A few hundred dollar gain in a week or a month would solve many problems!

Hey deer79

Posted by Buygold @ 20:16 on May 16, 2023  

I can’t do another one of these crashes in the shares.

If we’re down again tomorrow, I’m selling everything and sitting on the sidelines. These shares always give you another opportunity to buy. I’ve worked too damn hard to see it all stolen again.

Funny, I saw the article from Von Greyerz, whenever these guys start throwing around big numbers, it’s always time to sell. Last Von Greyerz article he said gold wouldn’t go up much, can’t even remember why.

He’s been wrong for over 20 years.

Posted by Maya @ 20:10 on May 16, 2023  

 

A headline from ZH

Posted by deer79 @ 15:40 on May 16, 2023  

https://www.zerohedge.com/the-market-ear/gold-breaks-supports-and-ctas-need-sell-size

Once again, the criminals go massively short up at the $2050 area, and as Gold starts to weaken, the cretins assuredly know where the big CTA stops are in Gold.
They add a little fuel to the downside fire and PRESTO!……x

Wash, rinse, repeat……..

Is this a robot? Watch till the end the arrogance of anyone who hides behind the left.

Posted by goldielocks @ 14:26 on May 16, 2023  

Is Cardona a Robot.

Where’s the transparency. I think Lisa shouldn’t ask him once he didn’t answer but demand the information and if that post turtle doesn’t stop paying him.

No more CRT, Queer, Pedo, or anti American socialist/ Marxist indoctrination money.

This should be taken out of the hands of the Fed perhaps break up the Union that’s in it for themselves and put in the budgets on the states with limits on class sizes, healthier foods not processed cheap fake food and armed security.

Should be school testing every year for grad level progress on all subjects their supposed to teach with more focus on what they’re teaching.

They can put disabled and learning disability’s in another category to make sure they’re learning too.

Bonuses for teachers who’s students get the best scores not based on school groupies.

SHOCKING MOMENT: Education Secretary Cardona Repeatedly Evades Lisa McClain’s Questions – YouTube

https://www.youtube.com/watch?v=msEscunHrkQ

Ipso

Posted by goldielocks @ 13:40 on May 16, 2023  

Tax dollars. We have every form of corruption out there plucking at what they think is the last golden goose from within and from without. Since they plucked all the others  they’re all coming here next.
Ask all these government agency’s how much money they get every year for every department and sub department of those departments including schools that now want a 4 day week.
A list of where all the money they’re gonna spend and what reason do they think they have the right to give that money of ours to them instead of paying what they borrowed back.
I think the Brics might have the right idea. We start buying, selling and  trading in other currency’s.
I mean since Mayorkas wants to make it as fast and easy as possible for  illegals to get in.
We can just start accepting their currency and start a black market.

The giant elephant in the room. Interest on the debt will be taking more and more ….

Posted by ipso facto @ 13:05 on May 16, 2023  

US Now Spends More Servicing Its Debt Than On National Defense

https://www.zerohedge.com/economics/us-now-spends-more-servicing-its-debt-national-defense

Your tax money at work

Posted by ipso facto @ 12:41 on May 16, 2023  

silverngold

Posted by ipso facto @ 12:35 on May 16, 2023  

Must be the new math! LOL

“idiots” We’re all inclusive here!

ipso facto @ 10:13…no problem getting in once I learned how to calculate the new robot math….

Posted by silverngold @ 12:26 on May 16, 2023  

Like when they asked for me to answer the question “what is 2+2+2?” and I said “that’s 6— FAIL!!

So then  I answered “that equals 222”.

And they said, “Yup, you’re an idiot! Welcome to the Oasis“.

 

Breaking down

Posted by Buygold @ 12:24 on May 16, 2023  

the pm shares look like crap. HUI down at 260, should be support at 250. Hard to believe that gold at $2K and the shares aren’t even close to the highs of the last rally.

SLV looks like it will break below 21.50 which lends itself to under $20.

As usual, none of this makes sense. I’m wondering if the debt default is pushing these rates higher as there seems to be a flight from bond the last few days. Rates and the USD should not be up today.

Hate to say it folks but the scum is winning again, just like they always do. The only question is just how bad it gets. Looks like another sell in May and go away. Shit.

 

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