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

Vote in the Poll Vote in the Poll

Posted by ipso facto @ 19:03 on June 6, 2024  

Maddog

Posted by ipso facto @ 18:51 on June 6, 2024  

If it plays out as it points we are looking good! Hard for the usual suspects to paint the longer term charts.

Ipsofacto

Posted by Maddog @ 15:50 on June 6, 2024  

Love that chart on GDXJ….v bullish……

Silver shares seem hesitant

Posted by Buygold @ 12:52 on June 6, 2024  

Not sure why though. There was once a time when shares would outperform the metals by a 2 or 3 X margin

It really happened 🙄

That might be a top …

Posted by Captain Hook @ 12:31 on June 6, 2024  

… for Nvidia …

NVDA | SharpCharts | StockCharts.com

… 5 of 5 of 5 done like dinner.

This could have something to do with the with the risk off trade, with PMs at center, catching a bid today … frontrunning tomorrows’ jobs numbers.

I wouldn’t expect smaller stocks to catch a bid today, but if the numbers come in friendly tomorrow, which must be to support the larger equity complex in this election year, then outsized / trend reversing moves should be expected at some point in the not-too-distant future.

And the metals should make progressions in daily, weekly, and monthly ranges, where $100+ up days in gold should occur more frequently etc. – and $3 to $5 to higher daily advances for silver.

They are cornered rats now in a game of their own making.

Down comes The Tower of Babel.

Buygold @ 11:30 re: silver pop

Posted by ipso facto @ 12:23 on June 6, 2024  

That’s the kind of thing that makes certain short folks spit up their coffee!

Captain Hook

Posted by ipso facto @ 12:21 on June 6, 2024  

I’m waiting for the video with him wearing a bib and some young girl is feeding him!

Is he really going to run?

ipso facto @ 9:33

Posted by Captain Hook @ 11:54 on June 6, 2024  

Thanks for that one … made my day … looks like quite a load … chuckle.

Good monthly chart as well … clearly 2026 is going to be a very good year for PM investors.

It’s the 80 – 20 rule at work.

Don’t sweat the small stuff and get ready to take care of yourself … like it should be.

Cheers all

Cover

Posted by deer79 @ 11:46 on June 6, 2024  

……..sounds plausible; especially if tomorrow’s jobs number has been leaked…..

Wow

Posted by Buygold @ 11:30 on June 6, 2024  

No clue what has happened but someone decided to buy/cover – especially silver

Ipso

Posted by Buygold @ 10:37 on June 6, 2024  

I’m with you on both issues. They are both cesspools.

I have no idea how our country got here.

Graddhy

Posted by ipso facto @ 10:00 on June 6, 2024  

https://x.com/wmiddelkoop/status/1798428200273592602

Some numbers are hard for them to fake

Posted by ipso facto @ 9:57 on June 6, 2024  

Recession alert

U.S. Diesel Demand Hits 26-Year Seasonal Low Amid Economic Slowdown

https://x.com/wmiddelkoop/status/1798642946893320397

A Bad Joke

Posted by ipso facto @ 9:33 on June 6, 2024  

Did something happen here in his diaper? Biden was quickly taken away after this.

https://x.com/WallStreetSilv/status/1798703088490184981

Buygold @ 9:06

Posted by ipso facto @ 9:28 on June 6, 2024  

Is the crimex evolving into a secondary market to Shanghai? The commercials sure have plenty of short positions which we have discussed before. The sooner the demise of the crimex fraud cesspit then the better for everyone. IMO

PS I’m a boycotter of any Disney products. Eff them and their woke agenda!

Dollar Erosion

Posted by ipso facto @ 9:20 on June 6, 2024  

SAUDI ARABIA HAS JOINED A CHINA-DOMINATED CENTRAL BANK DIGITAL CURRENCY CROSS-BORDER TRIAL

https://x.com/GoldTelegraph_/status/1798578769739051319

Ipso – funny; COT Report

Posted by Buygold @ 9:06 on June 6, 2024  

Ipso that video would be a lot funnier if it wasn’t so true. They have no new ideas, they no longer “create.” Unfortunately, that’s what happens to you when you spend time on the dark side.

So, I took a gander at the COT Report. Why? I do not know. I’m pretty sure we’ve resolved that it is as rife with fraud as the rest of the Crimex. I did notice the short positions of the funds are drying up – at least that’s what they’re reporting. Volume in general seems to be drying up.

Anyway, I’m not sure I’ve ever seen non-bullion bank shorts at this 50K (and falling) level. Maybe Captain Hook has eyes on such things.

CFTC Commitments of Traders Report – CMX (Futures Only)

ECB Cuts Rates For The First Time Since 2019, Does Not “Pre-Commit To A Particular Rate Path”

Posted by ipso facto @ 9:01 on June 6, 2024  

https://www.zerohedge.com/markets/ecb-cuts-rates-first-time-2019-does-not-pre-commit-particular-rate-path

Turn About

Posted by ipso facto @ 8:56 on June 6, 2024  

Putin: We Could Supply Long-Range Missiles To Enemies Of West In Retaliation

“That would mark their direct involvement in the war against the Russian Federation, and we reserve the right to act the same way,” Mr Putin told a three-hour meeting with the senior editors of international news agencies.

Because using such Western weapons involves military personnel of those countries controlling the missiles and selecting targets, Mr Putin claimed Moscow could take “asymmetrical” steps elsewhere in the world.

“If they consider it possible to deliver such weapons to the combat zone to launch strikes on our territory and create problems for us, why don’t we have the right to supply weapons of the same type to some regions of the world where they can be used to launch strikes on sensitive facilities of the countries that do it to Russia?” he said.

https://www.zerohedge.com/geopolitical/ny-times-confirms-first-ukraine-strike-russia-us-long-range-missiles

South Park comments on Disney’s woke agenda

Posted by ipso facto @ 8:53 on June 6, 2024  

https://www.zerohedge.com/political/disney-tops-long-list-woke-failures-upcoming-release-gay-star-wars-show

Posted by ipso facto @ 8:37 on June 6, 2024  

Golden Sky Outlines Major Induced-Polarization (IP) Geophysical Anomaly at the Rayfield Copper-Gold Property, South-Central British Columbia

https://ceo.ca/@globenewswire/golden-sky-outlines-major-induced-polarization-ip

Pacific Ridge Announces 2024 Exploration Plans Including Inaugural Drill Program at Chuchi Copper-Gold Project In B.C.

https://ceo.ca/@newsfile/pacific-ridge-announces-2024-exploration-plans-including

Fremont Provides Update on Urasar Exploration Program in Armenia: Seven Key Target Areas Identified

https://ceo.ca/@newsfile/fremont-provides-update-on-urasar-exploration-program

Getchell Gold Corp.’s 2024 Field Work Delivers a 7% Increase in the Bulk Density of the Mineralized Host Rock at the Fondaway Canyon Gold Project, Nevada

https://ceo.ca/@newswire/getchell-gold-corps-2024-field-work-delivers-a-7

Sandbox Royalties and B2Gold Partner to Create Versamet Royalties

https://ceo.ca/@newsfile/sandbox-royalties-and-b2gold-partner-to-create-versamet

Generation Mining Continues with Project Optimizations for the Marathon Palladium-Copper Project

https://ceo.ca/@businesswire/generation-mining-continues-with-project-optimizations

Irving Finalizes Yamagano-Noto Joint Venture Term Sheet with Newmont and Sumitomo

https://ceo.ca/@accesswire/irving-finalizes-yamagano-noto-joint-venture-term-sheet

Collective Mining Expands the Box Target Area with New High-Grade Samples; Drilling Continues

https://ceo.ca/@newswire/collective-mining-expands-the-box-target-area-with

Maritime Provides Hammerdown and Point Rousse Project Update

https://ceo.ca/@newsfile/maritime-provides-hammerdown-and-point-rousse-project

Onyx Gold Receives Drill Permit for King Tut Project and Provides 2024 Exploration Program Update

https://ceo.ca/@newsfile/onyx-gold-receives-drill-permit-for-king-tut-project

New Found Announces Settlement of Litigation With ThreeD Capital

https://ceo.ca/@businesswire/new-found-announces-settlement-of-litigation-with-threed

Kingfisher Signs Definitive Agreement to Acquire the LGM Project in the Golden Triangle, British Columbia

https://ceo.ca/@accesswire/kingfisher-signs-definitive-agreement-to-acquire-the

SolGold PLC Announces Exploitation Contract for Cascabel Project

https://ceo.ca/@accesswire/solgold-plc-announces-exploitation-contract-for-cascabel

SILVER ONE DISCOVERS ADDITIONAL COPPER AND SILVER SHOWINGS ON ITS PHOENIX SILVER PROJECT IN ARIZONA

https://ceo.ca/@newswire/silver-one-discovers-additional-copper-and-silver-showings-72f63

Mayfair Announces Shareholders Vote over 91% for the Muddy Waters’ Nominees and Appointment of Additional Director and Interim CEO

https://ceo.ca/@newswire/mayfair-announces-shareholders-vote-over-91-for-the

Baru Gold Announces Shares For Debt Transaction And Cancellation Of Previously Announced Debt Settlement

https://ceo.ca/@thenewswire/baru-gold-announces-shares-for-debt-transaction-and-eafbc

Gold Reserve Announces It Has Engaged Advisors to Arrange for Potential Financing in Connection With Its Previous Announced Potential Bid in Relation to the Sale of the Shares of PDV Holdings, Inc., Under the Delaware Proceedings

https://ceo.ca/@businesswire/gold-reserve-announces-it-has-engaged-advisors-to-arrange

Unigold Announces Closing of Non-Brokered Private Placement of $1,493,450

https://ceo.ca/@newsfile/unigold-announces-closing-of-non-brokered-private-placement-94bff

Quimbaya Gold Inc. Announces Private Placement and Closing of First Tranche

https://ceo.ca/@newswire/quimbaya-gold-inc-announces-private-placement-and

79north Enters into Letter of Intent With Miata Metals for Proposed Takeover

https://ceo.ca/@globenewswire/79north-enters-into-letter-of-intent-with-miata-metals

Mayfair Gold Announces that Certain Employees have Withdrawn Notices of Termination under Change of Control and Continue Employment with the Company

https://ceo.ca/@globenewswire/mayfair-gold-announces-that-certain-employees-have

Miata Metals Adds Gold Projects in Suriname’s Guiana Shield with Proposed Acquisition of 79North

https://ceo.ca/@newsfile/miata-metals-adds-gold-projects-in-surinames-guiana

Loyalist Exploration Limited Announces Letter of Intent to Amalgamate to Acquire Newfoundland Properties and Proposed Private Placement

https://ceo.ca/@thenewswire/loyalist-exploration-limited-announces-letter-of-intent

BLM Issues Exploration Drilling Permit for the Red Hills Target at the Philadelphia Gold-Silver Project, Arizona

https://ceo.ca/@thenewswire/blm-issues-exploration-drilling-permit-for-the-red

Power Nickel Lion Zone Delivers Hole Assays from 2.60-17.90% CuEq With Hole 59 delivering 1.91 g/t Gold, 73.48 g/t Silver, 9.88% Copper, 6.23 g/t Palladium, 4.56 g/t Platinum, and 0.49% Nickel over 5.59m

https://ceo.ca/@newswire/power-nickel-lion-zone-delivers-hole-assays-from-260-1790-700be

Lion One Starts Mechanized Production at Tuvatu, Drills 1.2 M of 393.01 g/t Gold

https://ceo.ca/@newsfile/lion-one-starts-mechanized-production-at-tuvatu-drills

Dollar moving up

Posted by Buygold @ 7:46 on June 6, 2024  

No idea why though. Doesn’t seem to be affecting much of anything, pm’s or oil. Rates got down to 4.28% yesterday. They’re back up to 4.3% today, but they have been trending lower for the past week and a half, from 4.6%. Why would that be? IMHO, it’s because the economy is crashing, and the Fed will cut. The fix is always in, and the bond market players have been made aware.

Between yesterday and this am silver has gained back a bit over half of Tuesdays’ losses. Gold bounced nicely off the 50 dma and is actually up on the week as of now. Not crazy about the sideway action of the last 3 weeks, but at least holding.

The HUI has also bounced off the 50 day. Truthfully, the charts of GLD, SLV and the HUI look great. The scum makes them very hard to trust though.

Morning Mr. Copper

Posted by Buygold @ 6:50 on June 6, 2024  

yes, I agree, the big moves down are meant to terrify anyone wishing to enter the Crimex. What bothers me is that they are still able to crush the metals at will.

Mostly yesterday I was referring to the performance of the shares. Gold fully recovered the previous day’s losses yesterday and the HUI bounced a whopping 4 points after losing 12 pts. the day before.

The shares have usually been predictive of the move in the metals, apparently that’s not the case anymore? They act like garbage. Either that or we’re headed back down in the next few days.

Jobs report tomorrow, not sure I’d be too comfortable – even if it’s gold friendly. If it is and gold moves higher, they’ll be waiting in the weeds Sunday night. No way they let pm’s rise going into a Fed meeting. Especially if they intend to cut. This pm market is so unbelievably rigged.

Gold Train

Posted by Maya @ 3:34 on June 6, 2024  

Flying High
https://railpictures.net/photo/842037/

 

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