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

Weeks after Federal Reserve Chairman Jerome Powell evaded a sitting congressman’s questions about the central bank’s foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for records about such holdings.

The Federal Reserve’s lack of transparency comes amidst reports that countries are removing their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine. According to a 2023 Invesco survey, a “substantial percentage” of central banks expressed concern about how the U.S. and its allies froze nearly half of Russia’s $650 billion gold and forex reserves.

Rep. Alex Mooney, R-W.Va., asked Powell about the matter in a December letter, only to have the Fed chair respond last month with evasive non-answers, telling him that the Federal Reserve does not own gold but holds it as a custodian for other entities—a fact that the congressman presumably already knew.

Following Powell’s evasive response, Headline USA filed a FOIA request with the Fed for records reflecting how much gold the Federal Reserve Bank of New York currently holds in its vault, as well as records reflecting the ownership stake that each of FRBNY’s central bank/government clients have in that gold. The FOIA request also sought records about the Fed’s gold holdings prior to Russia’s February 2022 invasion of Ukraine.

However, the Federal Reserve denied the FOIA request.

“Board staff consulted with staff at the Federal Reserve Bank of New York (‘Reserve Bank’) and have been advised that such records, if they exist, would be Reserve Bank records, and consequently, not subject to the Board’s Rules Regarding Availability of Information,” the Fed said.

The Federal Reserve said that this publication could take its request to the New York Fed. However, that institution isn’t subject to FOIA.

Headline USA is working on an appeal.

Meanwhile, sound-money advocates are blasting the Fed’s lack of transparency.

“They’re just passing the buck to the New York Fed. The FRB could obtain the data from the New York Fed if it wanted to, and then could share it with you if it wanted to. The Fed chairman has already essentially told Representative Mooney that the Fed doesn’t want to disclose the information,” said Chris Powell, secretary-treasurer of the Gold Anti-Trust Action Committee.

“If only other news organizations dared to ask such relevant questions about the secret operations of the Federal Reserve System,” he said.

Stefan Gleason, CEO of Money Metals Exchange, a large online precious metals dealer and depository based in Idaho, expressed similar sentiments.

“The Fed doesn’t want anyone to know that foreign governments and other central banks are yanking their gold from America’s shores because it would reveal the folly of U.S. monetary and foreign policy,” he said.

If this doesn’t make your blood boil, nothing will.
Thank God for Elon Musk and DOGE!

https://x.com/i/status/1891689715369181578

Well … I hope they take it to heart!

AbraSilver Demonstrates Additional Resource Expansion Potential at Diablillos with New Discoveries at the Oculto East and Sombra Targets

https://ceo.ca/@thenewswire/abrasilver-demonstrates-additional-resource-expansion

Revival Gold Announces Strategic Placement with Dundee Corporation

https://ceo.ca/@GlobeNewswire/revival-gold-announces-strategic-placement-with-dundee

Sailfish Royalty Highlights the Positive Results of Solidus Resources, LLC’s Feasibility Study for the Spring Valley Gold Project

https://ceo.ca/@newsfile/sailfish-royalty-highlights-the-positive-results-of

West Point Gold Expands Gold Chain Land Package by 30%

https://ceo.ca/@newsfile/west-point-gold-expands-gold-chain-land-package-by

Aztec Summarizes 2024 Exploration Drill Program at Tombstone Project, Arizona – Multiple, New, Shallow, Thick and High-Grade Gold-Silver Intercepts significantly expand the Contention Zone and a First Pass Discovery in the Westside Zone

https://ceo.ca/@thenewswire/aztec-summarizes-2024-exploration-drill-program-at

Red Pine Successfully Expands Gold Mineralization Beyond 2024 Mineral Resource Estimate and Discovers Parallel Shoot at Depth

https://ceo.ca/@GlobeNewswire/red-pine-successfully-expands-gold-mineralization-beyond

Northisle 2025 PEA Indicates 29% After-tax IRR and $2 Billion NPV for Staged Development of the North Island Project

https://ceo.ca/@businesswire/northisle-2025-pea-indicates-29-after-tax-irr-and

Vista Gold 2025 Initiatives Pave the Way for Value Realization at Mt Todd

https://ceo.ca/@businesswire/vista-gold-2025-initiatives-pave-the-way-for-value

Hayasa Metals Announces Initial Drill Results and Final IP Sections at Urasar Copper-Gold Project

https://ceo.ca/@newsfile/hayasa-metals-announces-initial-drill-results-and-final

NEVADA KING INTERCEPTS 2.72 G/T AU OVER 64M INCLUDING 4.29 G/T AU OVER 29M, EXTENDS PIT MINERALIZATION TOWARDS THE NORTH EXTENSION TARGET

https://ceo.ca/@newswire/nevada-king-intercepts-272-gt-au-over-64m-including

GSP Summarizes 2024 Drilling and Discovery of New High-Grade Gold Zone at Alwin Mine Property

https://ceo.ca/@thenewswire/gsp-summarizes-2024-drilling-and-discovery-of-new-high-grade

AngloGold Ashanti delivers nine-fold increase in 2024 free cash flow* to $942m versus prior year; Adjusted EBITDA* +93% year-on-year and H2 dividend growth of 263% to 69 US cents per share; total cash costs* +4% for FY 2024, below group inflation

https://ceo.ca/@businesswire/anglogold-ashanti-delivers-nine-fold-increase-in-2024

Snowline Gold Drills Mineralization 300 M Beyond Current Resource in Expansion Drilling at The Valley Deposit, Rogue Project, And Demonstrates District Potential with Intersection Of 20.9 Grams Per Tonne Gold Over 2.1 M At Its Jupiter Target, Einarson Project, Yukon

https://ceo.ca/@accesswire/snowline-gold-drills-mineralization-300-m-beyond-current

Banyan Intersects 15.9 Metres of 9.32 Grams per Tonne Gold, Airstrip Deposit, AurMac Project, Yukon, Canada

https://ceo.ca/@accesswire/banyan-intersects-159-metres-of-932-grams-per-tonne

Arizona Metals Provides Corporate Update

https://ceo.ca/@newswire/arizona-metals-provides-corporate-update

Electrum Discovery Announces Audio-Magnetotelluric Geophysical Survey Results over the Central Bambino Anomaly at the Timok East Project and Provides Drilling Update

https://ceo.ca/@thenewswire/electrum-discovery-announces-audio-magnetotelluric

Ivanhoe Mines Unveils Independent Phase 2 and Phase 3 Expansion Studies for the Super-Giant Platreef Mine – a World-Class, Lowest-Cost Precious Metals and Critical Minerals Producer

https://ceo.ca/@newsfile/ivanhoe-mines-unveils-independent-phase-2-and-phase

PPX Resumes Exploration Activities at Callanquitas

https://ceo.ca/@accesswire/ppx-resumes-exploration-activities-at-callanquitas

Signature Resources Reports Final Results for the 2024 Drilling Program Highlighted by a new Drill Intercept of 51 Metres with an Average Grade of 1.81 g/t Gold from LM24-09 in the South Zone

https://ceo.ca/@newsfile/signature-resources-reports-final-results-for-the-2024

LUNDIN GOLD ACHIEVES A NEW HIGH OF CONTAINED GOLD OUNCES IN MINERAL RESERVES AND MINERAL RESOURCES AT FRUTA DEL NORTE

https://ceo.ca/@newswire/lundin-gold-achieves-a-new-high-of-contained-gold-ounces

South Pacific Metals Announces Commencement of 2025 Gold-Copper Exploration Programs Following Successful Financing

https://ceo.ca/@newsfile/south-pacific-metals-announces-commencement-of-2025

Sandstorm Gold Royalties Announces 2024 Annual Results

https://ceo.ca/@newswire/sandstorm-gold-royalties-announces-2024-annual-results

First Pass Gold Recoveries Reach 88% at SW Deposit, Clarence Stream Gold Deposit

https://ceo.ca/@accesswire/first-pass-gold-recoveries-reach-88-at-sw-deposit

Wheaton Precious Metals Exceeds 2024 Production Guidance and Provides 2025 and Long-Term Outlook, Projecting 40% Growth in the Next Five Years

https://ceo.ca/@newswire/wheaton-precious-metals-exceeds-2024-production-guidance

Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2024

https://ceo.ca/@GlobeNewswire/alamos-gold-reports-mineral-reserves-and-resources-416dc

West Red Lake Announces $12.3 Million Bought Deal Public Offering of Charity Flow-Through Units

https://ceo.ca/@GlobeNewswire/west-red-lake-announces-123-million-bought-deal-public

Skeena Resources Limited Announces Approximately C$70.5 Million Bought Deal Financing

https://ceo.ca/@GlobeNewswire/skeena-resources-limited-announces-approximately-c705

Coeur Reports Year-End 2024 Mineral Reserves and Resources and Provides Palmarejo Exploration Update

https://ceo.ca/@businesswire/coeur-reports-year-end-2024-mineral-reserves-and-resources

SSR Mining Reports Fourth Quarter and Full-Year 2024 Results

https://ceo.ca/@businesswire/ssr-mining-reports-fourth-quarter-and-full-year-2024

Solidus Resources, LLC Announces Positive Feasibility Study Results for Its Spring Valley Gold Project in Nevada

https://ceo.ca/@GlobeNewswire/solidus-resources-llc-announces-positive-feasibility

West Red Lake Gold Announces Filing of NI 43-101 Pre-Feasibility Study Technical Report for Madsen Mine

https://ceo.ca/@GlobeNewswire/west-red-lake-gold-announces-filing-of-ni-43-101-pre-feasibility

Harvest Gold Provides Updates on Drill Permitting, 23 New Claims Staked on its Mosseau Gold Project and Claims Management in Quebec

https://ceo.ca/@thenewswire/harvest-gold-provides-updates-on-drill-permitting

ValOre Proposes Acquisition of South Atlantic Gold to Create a 99,924 Hectare Precious Metals District in Ceara State, Brazil

https://ceo.ca/@GlobeNewswire/valore-proposes-acquisition-of-south-atlantic-gold

West Red Lake Gold Poised for Production as Gold hits CAD $4,100 per Ounce

https://ceo.ca/@thenewswire/west-red-lake-gold-poised-for-production-as-gold-hits

Golden Cariboo Outlines 2025 Exploration Program for the Quesnelle Gold Quartz Mine Property

https://ceo.ca/@thenewswire/golden-cariboo-outlines-2025-exploration-program-for

Stellar Africagold Annouces Non-Brokered Private Placement

https://ceo.ca/@thenewswire/stellar-africagold-annouces-non-brokered-private-placement

Durango Identifies Two More Target Areas at Babine West Copper Gold Project from Artificial Intelligence-Powered Exploration Study and Returns as High as 5.72 gpt Gold, 1.68% Copper, 691 gpt Silver, 33.2% Lead, 15.7% Zinc and 1100 gpt Cadmium from Sampling over Nearby Areas of the Property

https://ceo.ca/@thenewswire/durango-identifies-two-more-target-areas-at-babine

Canadian Gold Corp. Tartan Mine: Western Expansion Drilling Intersects More High-Grade of 11.6 gpt Gold Over 5.1 Metres & 7.1 gpt Over 6.0 Metres

https://ceo.ca/@newsfile/canadian-gold-corp-tartan-mine-western-expansion

Corcel Exploration Provides Update on the Yuma King Project in Arizona

https://ceo.ca/@newsfile/corcel-exploration-provides-update-on-the-yuma-king

Silver Bullet Mines Corp. Closes Oversubscribed Financing and Announces Advances at Washington Mine in Idaho

https://ceo.ca/@newsfile/silver-bullet-mines-corp-closes-oversubscribed-financing

Miata Metals Samples up to 194.2 g/t Gold at the Sela Creek Project in Suriname

https://ceo.ca/@GlobeNewswire/miata-metals-samples-up-to-1942-gt-gold-at-the-sela

Sterling Metals Announces Consolidation and Corporate Update

https://ceo.ca/@accesswire/sterling-metals-announces-consolidation-and-corporate

American Creek Resources Announces Receipt of Termination Notice Which It Deems Invalid

https://ceo.ca/@newsfile/american-creek-resources-announces-receipt-of-termination

Roberto Resources Inc. to Acquire 100% of the Claudia Gold and Silver Project

https://ceo.ca/@newsfile/roberto-resources-inc-to-acquire-100-of-the-claudia

Premium Resources Announces New Strategic Investor Group, Non-Brokered Equity Financing of Up to C$36MM, Equity Settlement of C$20.8MM of Debt, and Leadership Change

https://ceo.ca/@newsfile/premium-resources-announces-new-strategic-investor

https://www.zerohedge.com/geopolitical/us-flies-bomber-group-over-middle-east-warning-enemies

Not getting pounded yet in the premarket, but has only traded 100 shares, I’d think those numbers would be worthy of a 10+% smash, but hopefully not for anyone holding it.

I know it’s early, but it is so refreshing to see strength most days in the metals. What a shift from a year ago.

Knocking on wood this am.

We have silver sitting at the uber dangerous $33 level that they’ve been fighting for months. Gold bumping $2950

Interesting that the metals rallied yesterday with the dollar and rates higher. Looks like more of the same today early on.

Oil up near 1%. Bitcoin flat. SM flat. Bitcoin hasn’t moved much lately, seems to be stuck in the $95 – 100K range.

Looking for better action in the shares today, as long as the metals don’t tank. But we’ll see how that goes and what the Crimex has to say about $33 silver.

Maddog – agree with you on the shares. They’ll garner some serious interest eventually IMHO

Note how the 50 Av has come down to sniff the 200 day Av….if we move away, then that will also be a strong buy signal

Morning

Re Whistle blower…soon they won’t be able to handle all the whistle blowers….

would I be correct in saying that names are not being mentioned yet, because Patel has yet to be confirmed in the FBI, who would have to do the arresting….

Yes, no doubt it would be deflationary. Trump & Co. will have to grow the economy, bringing manufacturing jobs back here, reduce regulations so that  drillers and farmers are cut loose to produce as much as they want. He’ll have to cut/eliminate taxes in a big way, and rates will have to come back to 0% I’m sure his plan is to grow us out of that.

All the cutting won’t happen at once, but if they can cut a couple trillion from the budget, and it appears they can, he will have room for a stimulus program if needed.

The amount of fraud in social security here is just insane. They have a whistleblower who came out and said they were giving illegal immigrants social security disability payments for life. Those rotten pieces of garbage deny disability to American citizens all the time and make it impossible for people that need it to get it. I know several people who’ve applied and been denied. They actually needed it. Now we find out they just give it to illegals whether they are unable to work or not? Hanging is not good enough for those people running SSA.

 

Agree 100 % about Trump and Musk…regarding deflation risk…the debt problem remains, Bessant has said they will monetise assets….Shectman noted Gold has been on a tear since November, ie as soon as Trump was the winner…..it is now seriously out performing all other PM’s , which as Shectman says points to insider front running.

He also mentioned that total liabilities could be as much as $ 200 Trillion……revaluing Gold at a price that compares to just the official debt, is many multiples up.

Interestingly the Adens have been saying for a long time that they see Gold peaking in 2026/7….after a huge run…..they have been saying that for a few years.

Re Vol

From what I see Vol still makes sense…where there is a huge diff, is the amount of trading that is Algo’ driven, like well over 70 %…I was only half joking when I said Algo’s can’t read, most can’t and even then how do they seriously weight ‘news’…which explains why so far we see no sign of panic in the PM share shorts.

All they see is a rally to sell into and every time since 2012 that has worked…..

Then we may have spread funds, that are long metal short shares, who are making out like bandits…..well not so much since 2016, but even there by staying long metal short shares prices are at all time lows , so no need to worry, just keep adding on all rallies.

One small silver stock I have was down near 10 % yesterday, on no news….

What they shorts do above 172 in the XAU and 375 Hui…could be interesting….

The other huge problem the shorts have, is have they delivered all the stock they are short ….I listened to Musk on shorters, he hates them, because of the amount of attacks on Tesla, where lie after lie has been spread and the SEC did nothing, despite him complaining to them……sorting the SEC out is personal, which is why the SEC enquiry is already criminal.

Dirty dirt sundown
https://www.railpictures.net/photo/875581/