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

Dunno what ur seeing, as I know u watch a wide range of the PM stox….but some juniors i have are flying, despite the majors being well capped, tks to the drubbing NEM had ystdy…..

Bonds really getting dumped this afternoon. 10 yr. spiked from 4.2% to 4.24 in the last couple of hours. That would explain the dollar strength then.

Maddog you’re right, it could get ugly. To be honest, I’m stunned at how well our metals are holding up in the face of the relentless dollar rally. The Fed is going to break something if they don’t get a grip on things. Maybe gold is sniffing it out. Gold is going to finish at the highs of the day.

I’m also surprised at tech, although it’s just a few shares controlling the market.

Here’s the COT Report.

Seems pretty tame.

CFTC Commitments of Traders Report – CMX (Futures Only)

It reduces the money supply because banks have to buy them as far as I know.

So what,,, they swamped with IOUs and as inflation rises more people taking loans through credit get maxed out and then could default on those loans. But don’t worry the Fed will come to the rescue and  buy bonds expanding the money supply to backs creating more inflation. Right now it looks like they want their cake and eat it too but down the road as aforementioned then what.

Yes Bonds need to be watched…someone sure is dumping, by the looks….much more and this could get v ugly, TA wise…..

If the Fed is selling bonds it reduces the money supply of banks. “Who then loan the money at high interest rates currently to businesses and working class via credit but pay is no interest on savings right.” So I suppose you could say it causes a demand for money if the money in banks is reduced. I hope I remember that right as my mind isn’t on it right now. I can see where they could then use that as a excuse to lower interest rates. It’s just not about the banks it’s about the Fed control or government deciding what their idea of what is best for the economy. Lowering interest in the case of a actively inept current destroying this country government of lunatics, how is pushing more  inflation what’s best for the economy?

up another $37. Somebody wants in on Vlad’s market.

Hopefully we’ll see some more short covering going into the close today.

That the selling of US bonds creates demand for dollars? Any of you market officianados know if this is the case? Kind of makes sense, and I probably used to know this stuff. I suppose I could run a comp chart to see if the dollars’ ascent tracks with the rising rates.

Also noticing a discrepancy between GDX down 1% and the HUI down 1.76%. I’m guessing that there are some different components in each? NUGT at 2x is only down 1.88%. I’m so confused. 🙂

Gold is a champ, just on a steady road higher regardless of what anything else is doing. Beautiful.

Nattokinase That’s good to know coming from him and on my list of supplements to get her because I read about it for post vaxx.  She could use some for wound and bone healing too.

Kind of an odd day isn’t it?

The dollar won’t die and bonds continue to be sold, so rates don’t die. The flip side is that the metals won’t die either. Other than the one bad day for silver this week, everything except the pm shares is sort of flat. Even some of the shares won’t die much, EXK and AG come to mind. The money masters have used NEM earnings to take some air out of the large caps, but not a lot really, just slowed the momentum. I imagine there’ll be some blockbuster earnings from some of the large caps like AEM, even KGC and some others that will rev things back up.

This just feels like a pause before we resume the march higher, maybe even next week. We know if they could take the metals down, they’d be doing it.

Oil is up 2% today. Who wants to go into the weekend short gold and oil? Doesn’t seem like much of anyone.

……Is like a conductor perfectly conducting his orchestra of the $US, the DJIA, and the metals…….

In Russia, 36 world leaders have wrapped up a meeting of the BRICS alliance — led by Brazil, Russia, India, China and South Africa — with a pledge to add 13 new partners. The newly expanded BRICS will include Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan and Vietnam. Venezuela failed in its bid to join BRICS after Brazil vetoed its admission; Brazilian President Luiz Inácio Lula da Silva has said he would not accept the result of July’s election in which Venezuelan President Nicolás Maduro claimed to narrowly win reelection. We’ll have more on the BRICS summit later in the broadcast.

https://www.democracynow.org/2024/10/25/headlines/brics_alliance_expands_to_include_13_new_members

https://www.zerohedge.com/economics/brics-summit-puts-focus-dethroning-us-dollar-putin-unveils-brics-banknote

Someone grab the rally monkey! ?

not sure what the numbers looked like, but they don’t seem to be having any real impact on our metals, so assuming they were either in line or a bit of a miss. Nothing really moved although oil is up near 1% now. Bitcoin and rates back to flat. There appears to be relentless selling in the bond market.

Silver is creeping back a little now. PM shares are weaker but not horrible. Actually, rates and the dollar have dipped lower while I’ve been typing this masterpiece, so the numbers probably missed and were weak.

Maybe a quiet end to the week?

American Creek’s JV Partner Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia

https://ceo.ca/@newsfile/american-creeks-jv-partner-tudor-gold-announces-positive

AGNICO EAGLE ANNOUNCES INVESTMENT IN ATEX RESOURCES INC.

https://ceo.ca/@newswire/agnico-eagle-announces-investment-in-atex-resources

ATEX Announces US$40 Million Strategic Investment by Agnico Eagle

https://ceo.ca/@newsfile/atex-announces-us40-million-strategic-investment-by

SXG Acquires Remaining 30% of the Redcastle Gold-Antimony Joint Venture

https://ceo.ca/@accesswire/sxg-acquires-remaining-30-of-the-redcastle-gold-antimony

Golden Cariboo to Close Private Placement: Oversubscribed

https://ceo.ca/@thenewswire/golden-cariboo-to-close-private-placement-oversubscribed

Cruz Announces Record Date of October 29th for Spin-Out of Hector Silver-Cobalt Project

https://ceo.ca/@newsfile/cruz-announces-record-date-of-october-29th-for-spin-out

Osisko Development Announces Oversubscribed and Fully Allocated Private Placement of Units

https://ceo.ca/@globenewswire/osisko-development-announces-oversubscribed-and-fully-6b63a

K2 Gold Closes Oversubscribed Second/Final Tranche of Private Placement Financing

https://ceo.ca/@newsfile/k2-gold-closes-oversubscribed-secondfinal-tranche

ARGENTA SILVER CLOSES EL QUEVAR PROJECT ACQUISITION

https://ceo.ca/@newswire/argenta-silver-closes-el-quevar-project-acquisition

Golden Minerals Announces Completion of Sale of its El Quevar Silver Project and Provides Corporate Update

https://ceo.ca/@businesswire/golden-minerals-announces-completion-of-sale-of-its

Atico Produces 2.91 Million Pounds of Cu and 2,055 Ounces of Au in Third Quarter 2024

https://ceo.ca/@globenewswire/atico-produces-291-million-pounds-of-cu-and-2055

Collective Mining Announces C$30 Million Bought Deal Financing

https://ceo.ca/@globenewswire/collective-mining-announces-c30-million-bought-deal-984e2

Goldgroup Provides Cerro Prieto Mine Progress Update Towards Doubling Production Capacity Targeting 25,000+ Gold Ounces Annually

https://ceo.ca/@thenewswire/goldgroup-provides-cerro-prieto-mine-progress-update

Barrick Responds to Mali Government’s Claims of Breaching Its Commitments

https://ceo.ca/@globenewswire/barrick-responds-to-mali-governments-claims-of-breaching

Kingsmen Resources Announces $1 Million Private Placement

https://ceo.ca/@newsfile/kingsmen-resources-announces-1-million-private-placement

ARIS MINING ANNOUNCES PRICING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES

https://ceo.ca/@newswire/aris-mining-announces-pricing-of-us450-million-senior

Southern Silver Provides Corporate Update

https://ceo.ca/@newsfile/southern-silver-provides-corporate-update-7ea83

Puma Welcomes Kinross Gold as Strategic Investor to Explore and Develop the Williams Brook Project

https://ceo.ca/@globenewswire/puma-welcomes-kinross-gold-as-strategic-investor-to

Sarama Resources Secures Funding for Burkina Faso Arbitration Claim

https://ceo.ca/@accesswire/sarama-resources-secures-funding-for-burkina-faso-arbitration

Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit, at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia

https://ceo.ca/@newsfile/tudor-gold-announces-positive-metallurgical-testing

Element79 Gold Corp Shares Further Advances With Chachas Community on Lucero Surface Rights, Provides Corporate Update

https://ceo.ca/@thenewswire/element79-gold-corp-shares-further-advances-with-chachas

Golden Lake Completes Drilling Program on Its Jewel Ridge Property in the Battle Mountain-Eureka Gold Trend, Eureka County, Nevada

https://ceo.ca/@accesswire/golden-lake-completes-drilling-program-on-its-jewel

West Red Lake Gold Announces Closing of $29 Million Bought Deal Public Offering

https://ceo.ca/@globenewswire/west-red-lake-gold-announces-closing-of-29-million

Independence Gold Announces Closing of $6,650,000 Non-brokered Private Placement

https://ceo.ca/@newsfile/independence-gold-announces-closing-of-6650000-non-brokered

Decade Intersects 4.36 m of 2.69 % Copper and 23.7 g/t Silver

https://ceo.ca/@newsfile/decade-intersects-436-m-of-269-copper-and-237

Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,500,000

https://ceo.ca/@newsfile/spanish-mountain-gold-revises-and-upsizes-brokered

Omai Gold Drills 10.93 g/t Au over 7.5m, 3.19 g/t Au over 22.8m and 2.96 g/t Au over 19.4m at Wenot

https://ceo.ca/@newsfile/omai-gold-drills-1093-gt-au-over-75m-319-gt-au

I don’t think they give a foetid dingo’s kidney about the PMs or currencies. At least, not as an object for specific support or attack. Rather they are concentrating on what is good for them. Putin is incredibly pragmatic – if he could benefit from a strong dollar, he would use it. He announced Russia would be buying gold in September, October and November, and it looks like he is. Why he would announce that I have no idea – but I suppose it really doesn’t affect the price, if you are a serious, large buyer, it’ll go up anyway. Putin holds all the aces. Gas, oil, gold, palladium, chromium, wheat, vodka; allies in Brazil, India, China …. BRICS and Co really don’t have to care about outsiders.

But I think Trump has it back to front. I think corporate tax should be the first to go.

I cannot see the logic of taxing the means of production. That must be the most regressive tax ever. No company tax means:

More money for investment, instead of giving money to the government; and/or

more money for dividends which will include peoples retirement funds if they have stocks; and/or

more money for wages.

It does mean you must make sure that employees can’t take benefits tax free, but, overall a huge benefit to the companies will be not having to comply with the mountains of tax legislation. This will inevitably mean the loss of millions of tax accountants and lawyers – Elon, take note.

Gives a competitive advantage internationally.

A drawback is that capital inflows would be enormous and destabilising. Capital controls are usually needed to prevent outflow of capital, but here Trump would need ones preventing inflow.

A couple of years of this and American industry will be booming, taking back production from China, Mexico, Vietnam, India etc. and income tax revenues will be rising. Tack on Elon’s slashing of govt waste and regulations, higher employment (lower welfare benefits), RFK’s MAHA (lower health care costs) and now you can cut income tax from a sound basis. Starting by raising the tax free income level so the poorest benefit first.

Sort of dawned on me that the BRICS meeting has been somewhat of a non-event for pm’s this week. I guess it has been a bit of a “sell the news” conference, but no big currency announcements from them and I haven’t heard anything about when they’ll be up and running. I suppose the point is that pm’s haven’t been affected as much as I thought they might be. We are having a pullback, but it seems pretty normal for the moves up we’ve experienced.

I suppose now that I’ve said something we’ll get waterfalled. We’re down 1% in silver tonight and $9 in gold, off the lows and nothing too crazy yet. Dollar looks flat and rates down a little to 4.195% SM up a little. Oil flat, Bitcoin down 1%

Hopefully we’ll end the week with a whimper.

My wife and I voted early yesterday, and the place was packed. Judging by the amount of Republican voting guides in the trash just outside the voting room, I’d say that Republicans were probably voting at a 3-1 clip – at least. People are pretty serious about this and intense, one guy saying to a poll worker after putting his vote in the tabulation machine that “my vote better count, this machine better not screw it up.” People are stretched, stressed, and pissed about it. Pissed about all the lying and B.S. cheating and inflation squeezing them. Could just see it in their faces. There were a couple Demonrat women holding Harris/Walz signs outside the building and asking if we wanted a Demonrat voting guide. I said “we’re good” and didn’t see anyone else running toward them. Another Dem woman was outside lobbying people for her vote for County Commissioner, shoving cards at us. Only women were out there for the Demons, quite telling. I can’t imagine they were feeling all that great about things after the reactions they were getting. Somehow, I think they’re so aloof that they don’t have a clue that this is not a normal election, this is for all the marbles, and most people want nothing to do with them.

My two cents.

Last Day out
https://railpictures.net/photo/852094/

McCullough says that spike proteins are dissolved by Nattokinase.  It’s fermented bean curd, available as a supplement.  Tell her it’s for building healthy blood.  That should take care of any imported pollutants.

https://factcheck.afp.com/doc.afp.com.36JK783

ALEXA said yes there was cloud seeding in NC hurricane Helene to lower compensation to victims by causing enough damage to lower property values.

https://m.facebook.com/reel/1587079515579840/?referral_source=reshare_feed_unit

” George Orwell wrote in 1944, “almost any English person would accept ‘bully’ as a synonym for ‘Fascist’. That is about as near to a definition as this much-abused word has come.”

Then-Congressman Ron Paul, a libertarian-leaning Republican, did not intend any compliments in 2012 when he warned, correctly or not, that America was “slipping into a fascist system.”

“We’ve slipped away from a true republic,” Paul said. “Now we’re slipping into a fascist system where it’s a combination of government and big business and authoritarian rule and the suppression of the individual rights of each and every American citizen.”

Comment:

I read long ago that the US or global system, was modeled after the Nazi system. Evidently TPTB was impressed by their accomplishments back then. Congressman Ron Paul was right. George Orwell was right too, re the global authoritarian bully influence over the USA with so many global EPA rules.

Response to prior post:

I knew about the USA was living off tariffs, and taxes on profits only. Thats why income taxes are not fair. Many people can’t afford to pay taxes. Income taxes should only be taxed on the amount OVER what it cost you to live, like a business. I took out a few parts to comment on.

#1 They raise the prices on imported items like clothing and groceries, placing a larger burden on lower-income Americans who spend a bigger percentage of their income on those goods.

Re #1: If imported goods get very expensive, it would create opportunities for Americans to produce them locally cheaper higher more Americans and pay taxes on profits reselling to Americans. There will always be a tax on profits.

#2 Tariffs dwindled as a source of federal revenue while income taxes expanded. Today, tariffs make up just 2 percent of federal revenue, while income and payroll taxes make up about 94 percent.

Re #2 It makes sense that as tariffs were cut off big business taxed the employees incomes instead. Also My #1 response is the same. We have a very distorted economy with too many lower-income Americans because of the past.

#3 Mr. Trump said he would consider allowing police officers, firefighters and military service members to forgo paying taxes.

Re #3 I once made a post about that decades ago. I suggested that all tax absorber employees should NOT be taxed and credited for paying taxes, because they pay taxes to themselves or live off taxes. Just pay them less. Instead of overpaying them so their take home pay is still good.

#4 Overall, his agenda would raise taxes on low-income Americans, provide a tax break for the richest and drastically increase the deficit, according to an analysis from the Institute on Taxation and Economic Policy, a liberal think tank.

Re #4 Is just bull shit. Any transition like getting off drugs, from bad to good is naturally painful.

#5 While president, he wound up having to bail out American farmers whose exports to China slumped during a protracted trade war.

Re #5 Similar to #4 the US farmers started a bad habit selling food overseas. There would naturally be pain at first, but afterword the Americans would be buying more American food. Even Henry Ford screwed up selling model Ts all over the world, obligating us to buy imported cars.

Comment re part: “according to an analysis from the Institute on Taxation and Economic Policy, a liberal think tank.”

Liberals have zero common sense. They are emotional rather than practical. Or womanly versus manly. And they outnumber the people with common sense. And or they are an outspoken vocal minority.