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Buygold/aurum: ramble

Posted by amals @ 21:33 on March 2, 2024  

I, too, found it interesting, and pretty much the same as my thinking. I’ve been expecting breakdown for quite a long time, but I have not seen/felt conditions so ripe as they seem now, and going forward through the year. Perhaps time to heed Bette Davis’s admonition in All About Eve: “Fasten your seat belts. It’s going to be a bumpy night.”  I’d say, “year.”

P.S.=they stoked a historic super-cycle market speculative blowoff.

Posted by Richard640 @ 17:25 on March 2, 2024  

With the Fed still talking rate cuts, the market responds more to weak data than to strength. Two-year Treasury yields dropped 16 bps this week to 4.53%. I’m skeptical that the economy is downshifting. But when it does, rest assured that bond yields will decline, as the market swiftly prices imminent rate cuts. And this inflationary bias in bond prices will work to sustain loose conditions, while underpinning economic activity and inflationary pressures.

It has been intriguing to watch a resilient gold price in the face of a bullish narrative of disinflation and booming securities markets. And then to see bullion break to the upside this week, as Fed officials blatantly disregard loose conditions and runaway speculative Bubbles. In the “old days,” the Fed would take note of such unmistakable manifestations of overly accommodative monetary policy. The fixation these days is on the next inflation data. 

The Truth is there will be a huge price to pay for all the craziness. Powell and Fed officials repeatedly assured us that they had learned from history. They understood the risk of resurgent inflation in the event of premature loosening of monetary policy. But that’s exactly what they’ve done. Sure, they can contend that they have held firm with a “restrictive” policy rate. But the Truth is they orchestrated a dovish pivot and attendant dramatic loosening of conditions. Plain and simple: they stoked a historic super-cycle market speculative blowoff. And they apparently cannot refrain from more stoking.

Time for gold…finally?

Posted by Richard640 @ 17:10 on March 2, 2024  

There aren’t many, but a few analysts are willing to Speak Truth to Crazy. 

March 1 – Bloomberg (Simon Kennedy): “The US national debt is rising $1 trillion every 100 days, helping to explain why assets such as gold and Bitcoin are trading at around all-time highs, according to strategists at Bank of America Corp. The pace of the debt swelling is also accelerating, the strategists led by Michael Hartnett said in a report… They estimate it will take just 95 days for the burden to climb to $35 trillion from $34 trillion, compared to the 92 days it took to grow to $33 trillion from $32 trillion.” 

Torsten Slok and Michael Hartnett’s notes were delivered to clients on the first day of March, a session that suggested a month potentially crazier even than February. The Semiconductors surged 4.3% Friday to another all-time high, boosting four-month returns to 50.3%. Nvidia’s 4% advance increased its four-month return to 94.4%. This stock closed the week for the first time with a $2 TN market capitalization, joining only Apple and Microsoft in the $2 TN club. Bitcoin rose another $1,160, or 1.9%, Friday, boosting the week’s gain to a blistering 22.6% – and the four-month melt-up to 76.5%.

Along with the usual crazies, even commodities markets mustered gains. The Bloomberg Commodities Index rallied 1.9% this week. Crude futures jumped 4.5%, with gasoline futures rising 4.2%. And an interesting thing happened on the day Slok and Hartnett were Speaking Truth: the precious metals came to life. Gold surged $38.61, or 1.9%, to a record closing price of $2,082.92. Silver jumped 2.0% in Friday trading, with Platinum up almost 1.0%. Crude rose 2.2% to trade to a four-month high. 

 
https://creditbubblebulletin.blogspot.com/2024/03/weekly-commentary-speak-truth-to-crazy.html

FWIW

Posted by goldielocks @ 13:57 on March 2, 2024  

While holding out in the bunker would you care for any heart healthy snacks, sushi with salmon, fresh vegetables and fruits, organic breads with Flax and chia seeds naturally sweetened,  assortment of drinks like pomegranate juice, and so forth. Just my altered sense of humor but have done things like that for people before including one undercover on a steak out I ran into in my unusual ways that was rather comical.

This topic is Vita D where a heart healthy conscious friend of mine got quite a shock. She is a cancer survivor and while attending meetings took advice from the facilitator that has now caused another problem.

So just how much Vita D is safe? What counter measures can you take to prevent this?

I have sent her information on this and a few other things as counter measures but point here is those taking vita D daily should really get there levels checked. Her GP  I remember over a  year back she said refused to check her vita D levels which is covered in a regular check up or any check on it. What a jerk.

Part of what she said.

I have been taking 4000IU Vit D daily as the doctor who is a facilitator of the cancer support group recommends. Now I have aortic calcification!  I am seeing my cardiologist next month regarding this problem!

I’m sending her info amongst other things  that might be if some interest to pass on although mentioned it before. FWIW

This small study shows that drinking pomegranate juice may improve symptoms associated with narrowing of the arteries. Pomegranates are rich in various bioactive polyphenols, including tannins, ellagic acid, and anthocyanins, that exert potent antioxidant, anti-inflammatory, or cardioprotective effects in humans.

They found that several parameters of cardiovascular health improved after one year of pomegranate juice consumption. For example, the participants’ carotid artery thickness decreased by up to 30 percent and their blood pressure decreased by 21 percent.Dec 14, 2022

https://www.foundmyfitness.com › …

Pomegranate juice improves blood pressure and reduces arterial plaques in people with atherosclerosis. – FoundMyFitness

In addition, their total antioxidant status increased by 130 percent. Participants who didn’t drink pomegranate juice did not experience these improvements, and in some cases, their cardiovascular measures worsened.

This small study shows that drinking pomegranate juice may improve symptoms associated with narrowing of the arteries. Pomegranates are rich in various bioactive polyphenols, including tannins, ellagic acid, and anthocyanins, that exert potent antioxidant, anti-inflammatory, or cardioprotective effects in humans.

Pomegranate juice reduces symptoms associated with the narrowing of arteries that supply the brain, a small study has found. Patients who drank pomegranate juice for one year experienced improvements in blood pressure, antioxidant status, and carotid artery thickness (an indicator of the extent of plaque buildup in the arteries).

The study involved 19 people who had atherosclerosis with carotid artery stenosis, a condition in which the arteries that supply the brain thicken and narrow due to the accumulation of plaque. Ten of the participants drank 50 milliliters (about 1.7 ounces) of pomegranate juice daily for one year, while the remaining nine participants did not consume any pomegranate juice. The researchers assessed various aspects of the participants’ cardiovascular health before, during, and after the intervention.

They found that several parameters of cardiovascular health improved after one year of pomegranate juice consumption. For example, the participants’ carotid artery thickness decreased by up to 30 percent and their blood pressure decreased by 21 percent. In addition, their total antioxidant status increased by 130 percent. Participants who didn’t drink pomegranate juice did not experience these improvements, and in some cases, their cardiovascular measures worsened.

Might be over copied, haven’t got the hang of this new phone yet

Bullish articles on silver on ZH

Posted by Buygold @ 13:29 on March 2, 2024  

Along with the previous article I posted that mentions gold from the VonGreyerz Institute. We get one decent day and here come the bullish prognosticators

Hope this link works. This is the performance chart of silver and the HUI. Where the rubber meets the road – uncanny.

SLV,$HUI | PerfCharts | Free Charts | StockCharts.com

Good article

Posted by Buygold @ 11:38 on March 2, 2024  

Kind of the way I see things, and have for 20 years, but the real question is when will the rig be overcome?

https://www.zerohedge.com/geopolitical/whats-next-when-policy-makers-can-no-longer-hide-their-sins

Aurum

Posted by Buygold @ 10:22 on March 2, 2024  

Thank you for that.

I just get the sense that there’s not much time before things really start to unravel for a whole host of reasons. I’m not sure I just mean that just in financial terms either.

We’re told to look toward the heavens for signs. There will be an eclipse in April that will be seen across the US. The second such eclipse since April 2017, 7 years ago. The second eclipse forms the “Tav” across the US.

There are a lot of implications for that if one wants to search. The number 7 is very prevalent.

 

Buygold

Posted by aurum @ 9:26 on March 2, 2024  

I found your ramble interesting and I think that mulling these issues over can focus our attention.

aurum

In the old days I charted the COT values for both pm’s and also for grains.  While I still have the spreadsheets for the charts I have not updated in years because I don’t trade in volume anymore, because I have become lazy, or because I did not find them predictive.

Here’s the COT Report

Posted by Buygold @ 8:08 on March 2, 2024  

Not sure why I actually post these things, because I’m not sure they matter all that much.

Nevertheless, seems pretty mild and tilted in our favor. Nothing that would indicate the pop we got yesterday.

CFTC Commitments of Traders Report – CMX (Futures Only)

Thinking about Waller’s comment that the Fed may reverse QE/twist etc. If the Fed were to reverse course, it seems that the dollar would crater, not necessarily against the other dead currencies in the basket, but against real goods. Yesterday for example, the dollar only fell slightly against the other fiat, but fell against gold, silver, the stock and bond market, crypto, etc. Went to the store yesterday and bacon and hamburger were up 10% from last week.

Maybe what we’ve been seeing is the Zimbabwe rally in paper for the last few years? I get this bad feeling that inflation may explode, regardless of whether the Fed cuts or not. I don’t see how they actually can cut, and yet they almost have to in order for Gov’t. debt to be manageable. Seems everything except housing is in this massive bubble.

People are getting rich in stocks and crypto as they’ve outperformed gold and everything else by a wide margin, but how will they do in a banking/economic crisis? Will crypto be widely accepted at Walmart and other stores and businesses at crunch time? Certainly, if we have a grid problem, how would they be accepted? Then again, will gold and silver coins be accepted in that environment?

Trying to predict the future is a fruitless task. I get this feeling that this is the shaky calm before a massive storm, and a lot of people are being lulled into a sense of security with their paper wealth, just as at the same time, the poor are getting much poorer. Can the rich survive without the poor? Somehow, I don’t think so.

Sorry for the Saturday morning babble.

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