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

Maybe the Fed news has leaked already? Probably to the select few.

I think the Fed has bigger problems than the POG right now. The whole system is at risk.

They’ll raise a quarter point while sweating a lot.

That is very disrespectful to the Fed, and it’s like goading the Fed to raise rates. Its going to be very interesting to see what happens after they make their, scare the gold bugs announcement.

BRICS expanding fast.

South African Foreign Minister Naledi Pandor holds BRICS presidency this year says Mexico has formally applied for BRICS membership along with about 12 other countries such as Saudi Arabia, UAE, Nigeria etc.pic.twitter.com/C7vjxK4o1P

— marc friedrich (@marcfriedrich7) May 2, 2023

Which bank is next ? ? pic.twitter.com/lQ2D8SViQF

— Wall Street Silver (@WallStreetSilv) May 3, 2023

Nordstrom joins the exit from San Francisco, due to “rampant criminal activity,” following the closure of Whole Foods, Walgreens and other stores similar reasons.

If you live near SF, what is it like now compared to 5 years ago? pic.twitter.com/LY9hZxYb1Z

— Wall Street Silver (@WallStreetSilv) May 3, 2023

I think you’re right. It was more like a falling US Dollar and loss of our Gold reserves, crisis. The USA was printing money like crazy after 1934, and with Gold officially at $34/oz, foreign nations were cashing in US Dollars for gold at $34 when it was worth about $140/oz. Public protests stopped the outflow of Gold in 1971, so Nixon stopped backing the dollar with Gold. So the Dollar dropped, and prices went up, so they raised rates to bring the dollar back up. We did not have a “too low rate” problem. After 1970 the foreign nations absorbed our industries, instead of our gold.

Iran’s Revolutionary Guard seizes tanker in Strait of Hormuz

https://apnews.com/article/iran-us-oil-tanker-seizure-strait-of-hormuz-e838ea969907ee39a8c7f949a96aa777

https://www.zerohedge.com/geopolitical/putin-targeted-terrorist-assassination-attempt-drones-kremlin

All we’re hearing about is all these big companies laying people off? I don’t understand these employment numbers. Fudged massively?

Torex Gold Provides Second Quarterly Update on Media Luna Project

https://finance.yahoo.com/news/torex-gold-provides-second-quarterly-212400936.html

Franco-Nevada Reports Q1 2023 Results

https://finance.yahoo.com/news/franco-nevada-reports-q1-2023-213000637.html

Equinox Gold Reports First Quarter 2023 Financial and Operating Results

https://finance.yahoo.com/news/equinox-gold-reports-first-quarter-215700541.html

Pan American Silver Reports Additional High-Grade Drill Results From the La Colorada Skarn Project

https://finance.yahoo.com/news/pan-american-silver-reports-additional-015400503.html

Mayfair Gold Reports 0.71 g/t Gold over 371.0m, Including 1.00 g/t Au over 71.0m and 0.91 g/t Au over 137.8m from Fenn-Gib Drill Program

https://finance.yahoo.com/news/mayfair-gold-reports-0-71-130000810.html

Goliath Resources Announces Upsize of Brokered Private Placement for Gross Proceeds of up to C$9.65 Million

https://finance.yahoo.com/news/goliath-resources-announces-upsize-brokered-133000164.html

GoGold Announces Excellent Drilling at Los Ricos South, Including Second Best Hole Drilled to Date

https://finance.yahoo.com/news/gogold-announces-excellent-drilling-los-103000821.html

Lion One Announces C$27 Million “Bought Deal” Offering of Units

https://finance.yahoo.com/news/lion-one-announces-c-27-111700519.html

OceanaGold Reports First Quarter 2023 Financial Results

https://ceo.ca/@newswire/oceanagold-reports-first-quarter-2023-financial-results

Angkor Resources Completes Initial Sampling Exploration at Andong Bor, Cambodia

https://ceo.ca/@thenewswire/angkor-resources-completes-initial-sampling-exploration

NEVADA KING ANNOUNCES FULLY ALLOCATED UPSIZING OF NON-BROKERED OFFERING TO $10 MILLION

https://ceo.ca/@newswire/nevada-king-announces-fully-allocated-upsizing-of-non-brokered

Goldflare Completed a Drill Program on Goldfields Gold Showings

https://ceo.ca/@accesswire/goldflare-completed-a-drill-program-on-goldfields-gold

TARACHI GOLD SIGNS DEFINITIVE AGREEMENT FOR US$5.7 MILLION SALE OF MAGISTRAL PROJECT

https://ceo.ca/@newswire/tarachi-gold-signs-definitive-agreement-for-us57

Metals Creek Initiates Prospecting and Geological Mapping Program on The Shabaqua Corner Gold Property

https://ceo.ca/@newsfile/metals-creek-initiates-prospecting-and-geological-mapping-19fc9

Teako Minerals Expands Aplite Creek Target at Pinnacle Copper and Gold Project, British Columbia to Eight Kilometres

https://ceo.ca/@newsfile/teako-minerals-expands-aplite-creek-target-at-pinnacle

SONORO GOLD ANNOUNCES $3 MILLION PRIVATE PLACEMENT

https://ceo.ca/@globenewswire/sonoro-gold-announces-3-million-private-placement-1ce08

Compass Confirms Higher-Grade Near-surface and Deeper Gold Mineralization at the Tarabala Prospect

https://ceo.ca/@newsfile/compass-confirms-higher-grade-near-surface-and-deeper

Goldshore Announces Preliminary Metallurgy Results for the Moss Gold Project; Gold Recoveries Increase to 93% for Moss and 98% for East Coldstream

https://ceo.ca/@newsfile/goldshore-announces-preliminary-metallurgy-results

Unigold Announces Non-Brokered Private Placement of up to $4,250,000

https://ceo.ca/@newsfile/unigold-announces-non-brokered-private-placement-of

Radius Gold provides update on Amalia 4 Concession Application.

https://ceo.ca/@thenewswire/radius-gold-provides-update-on-amalia-4-concession

Asante Gold Corporation Expects to File Year-End Financial Results by Late May and Announces Grant of Management Cease Trade Order

https://ceo.ca/@globenewswire/asante-gold-corporation-expects-to-file-year-end-financial

GOLD FIELDS PUBLISHES ITS SUITE OF ANNUAL REPORTS

https://ceo.ca/@newswire/gold-fields-publishes-its-suite-of-annual-reports-69286

Orefinders Announces Shareholder Approval for Its Updated TSXV Listing to a Mining & Investment Issuer

https://ceo.ca/@newsfile/orefinders-announces-shareholder-approval-for-its-updated

Klondike Gold Closes Financing Raising $2,618,930

https://ceo.ca/@accesswire/klondike-gold-closes-financing-raising-2618930

Sky Gold Corp. Completes Acquisition of Star Lake, Horne and Laurier Properties in Northwestern Ontario

https://ceo.ca/@accesswire/sky-gold-corp-completes-acquisition-of-star-lake

ADP 296K jobs created vs. 148K estimates.

Thought we’d get smashed on this but looks about the same.

I’m still perplexed, even more now…

It’s hard for me to see them be able pull that off again. Correct me if I’m wrong but I didn’t think we were in a banking crisis back then.

$69.61 – on the Nymex.

That’s perplexing to me.

Agreed. They say the Fed’s rate hikes were harder and faster than anything from the past, 5.5% up in one year? And Gold is holding above $2,000/oz.

I remember the 1970s rate hikes. I think they went from around 5% to 21% before “it” finally worked and they started a deflation in Gold’s high of $800 in 1980 down to $250/oz around 2001.

After 9/11/01 the USD was too high and they had to lower it so I stopped working and started trading PMs. But this time, the US citizens and our system are not able to afford high rates like 20%.

SSR Mining Price Target Raised to C$25.00/Share From C$22.50 by National Bank

Today is the most important Fed meeting in our lifetimes, after last month’s report and the report before that, and that, and…

Maybe my pride and ego are in the way and I’m not seeing things clearly, but I just don’t see cause for concern about anything the Fed does from here on out. They only have one option anymore really, and that’s to restart QE, especially if the Regionals start to crumble. There just are no options.

The SM has been a boom for the economy for over a decade without fail, but if it’s the banks, they’ve completely lost the markets going forward.

Usual stuff this am, dollar down, 10 yr. down a couple bips to 3.41%. Gold and silver flat but will not surely end where they are now. Soft and hard commodities are easing and mixed across the board.

I don’t see how they can win in this meeting. If they raise and say done, we rally. If they don’t, we rally. Even if they raise and say nothing, which would be worst case scenario.

Streamliner in the woods
https://railpictures.net/photo/812701/

Which I personally wouldn’t  advise refiing a home on higher interest plus taxes but has to do with mortgage agreements if this guy is right.
He said that if we were to go to a digital currency which would a travesty,  your mortgage agreement is void. That they can’t change currency’s on you.
https://www.facebook.com/reel/528039632830219?fs=e&s=cl&mibextid=rS40aB7S9Ucbxw6v

Three more banks see stock trading HALTED, financial sector collapse contagion accelerates as migrant INVASION staged for US southern border

https://www.naturalnews.com/2023-05-02-three-more-banks-see-stock-trading-halted-financial-sector-collapse-contagion-accelerates-as-migrant-invasion-staged-for-us-southern-border.html

Good analysis Dr. Guru. That’s probably exactly what’s going on. They should watch out though if they trigger a waterfall of failing regional banks then it’ll be chaos.

Banks with big loans for these downtown office buildings are really up that creek!

Never can lose stocking up on extra car parts!

I believe so sir.

Couple developments – Bank stocks getting shredded, really bad early on. The regional banks are all of a sudden in trouble. Their loans in some real estate are already going south, etc. They can’t loan b/c credit is too tight, and their paying higher interest while they have declining deposits. The Fed has caused a run on the regionals. Probably on purpose as the Davos crowd and the Demons/Rino’s in the US want to consolidate financial power in fewer and fewer institutions.

Gotta love em’ they just keep comin’. 🙂

I picked up a few more car parts with the dip just in case just got delivered today.