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

Like you say, nothing to steal. So it’s not a real theft …..

But, if it is real, and the exchange can say:

“Bybit is Solvent even if this hack loss is not recovered, all of the client’s assets are 1 to 1 backed — we can cover the loss,” the Bybit CEO added in a separate post.

In an X statement, the exchange assured that its cold wallets “remain fully secure.” “All client funds are safe, and our operations continue as usual without any disruption.”

then that means they’ve already made profits of over $1.4bn, no? How? Who have they profited from? There was another hack two or three years ago of billions of $$ which was also made whole. As if crypto wasn’t fishy enough.

so what? Even if the gold is there physically that’s no proof of ownership. You don’t have to break a seal to lease or sell a bar.

I doubt if Musk is the guy to do this. He would get bored too quickly. Give it to Ron Paul to oversee.

… as they are a bunch of lying scoundrels who work for the international banking families.

Open Letter to President Donald J. Trump: Don’t Be Fooled by the Fort Knox “Auditors”

Don’t be fooled

Something’s shouldn’t be that big especially when your trying to get away from the chaos. That’s not a multi story  building in the background here in Calif Bay area. That’s a cruise ship.

and the most insidious thing is that Apple are prohibited from telling you why they are doing it. We all know why – but it is illegal for them to tell us.

This will be almost impossible after 80 years. To verify the gold requires:

a) physical presence. OK, this bit is easy. You count the bars. You weigh the bars. You scan the bars. You record serial numbers or marks. And at the end of a few months of hard slog (no using AI, algorithms or any other whizzo techniques) you have lists of bars which confirm yes sirreeee, we have 4,529 tons of the finest 24ct gold you ever did see and some magnificent biceps (you will have physically lifted, several times, about 350,000 400 oz bars). A piece of cake.

b) ownership. This bit is not easy, and may be impossible. You need to verify that a bar with a serial number stamped on it of P68445231 is owned by the US Treasury (or whoever). How, as in transfer of ownership (cash, payment in kind, transfer from foreign power) did the UST acquire it? So firstly when did it first appear in Ft Knox? How do we know that it was then owned by the UST and not stored on behalf of someone? And if it the UST can prove that it owned it in 1946, or 1957 or whenever it arrived, then the UST has to prove that it hasn’t been lent, leased or otherwise compromised since then. This requires rigorous systems in place, a solid paper trail for each bar. Every single one of the 350,000 bars needs to be individually traced back to when the UST first acquired it. This could go back to the nineteenth century.

c) integrity. This is where whizzo techniques can help, to show that the serial number is unique. It might also show if the bar was ever stored somewhere else. If P68445231 was in a London vault at any time, when was it moved? Who owned it then? If not the UST, where’s the paperwork transferring it to the UST?

So it’s not a simple as opening up the 15(?) vaults at FK and seeing hundreds of thousands of bars. That means nothing. Oh, and auditors usually work on assumptions involving reasonable certainty or statistical probabilities. Faced with 15 pyramids of coal weighing 5,000 tonnes you test the density, measure the height and base of the cone and agree with management that yep, you’ve got 5,000 tonnes plus/minus 320 tonnes which in the overall context of the company accounts is an acceptable estimate. Not here. Each one needs to be proven. As I think this will be impossible, then the ultimate action will be to pass a law through Congress authorising the UST to advertise internationally the serial numbers that cannot be proven, asking anyone with a claim on them to come forward within three months or lose it forever.

The audit is essential. But it will take years.

I thought that it was loss for the UK, in that they have not given the key over, just turned off encryption in the UK…..which will,piss off the UK customers.

https://www.zerohedge.com/political/tim-cook-denies-backdoor-access-uk-government-nukes-apple-cloud-encryption-brits

No clue what to think of it. They’re still shorting silver though. No worries.

CFTC Commitments of Traders Report – CMX (Futures Only)

What sucks the most is that the shares always double the move down in the SM. No reason for that given the action in the metals. Last week maybe, but not this week.

BREAKING: Apple surrenders to the Labour government and removes highest level data security tool for Apple users

The government now has access to its citizens messages and camera roll.

This is the biggest breach of privacy Western civilisation has ever seen.

Britain is in big trouble.

https://x.com/Inevitablewest/status/1892959668458156298

“nothing to steal” LOL LOL Glad I’m not in the Ponzi scheme!

USA-Canada … I just don’t think it’s going to happen. We’ll have to wait and see how things play out.

Cheers

just digital marks…and why can’t they cancel the stolen and just put the accounts back to where they were…..probably because they have to pretend it is real.

Bitcoin, Ether Tumble As Bybit Exchange Confirms Massive $1.4 Billion Hack

https://www.zerohedge.com/crypto/bybit-exchange-hacked-over-14-billion-steth-moved

Otherwise, it’s a pretty ugly bloodbath.

SM getting pounded pretty good. Might be an interesting Sunday night.

Ya a down Friday is not necessarily a bad thing in the weekly pattern.

You are right … they are simply taking advantage of technical conditions. (ex. volumes, put/call ratios, etc.).

Last week it was light volume due to the long weekend.

This week they are using the expiry.

That said … it would not be surprising then … to see silver break above $33 next week (and hopefully close above $35).

Adding to the post below … it appears Scott is on one page and Trump is on another … giving DOGE the go ahead for the audit.

I don’t know what is going on there … but it appears genuine in both cases so again … we will just have to wait.

The good news is either outcome should be good for PMs as long as DOGE checks into who actually owns the gold.

No way they are going to straighten that mess out without some audacious bold face lying.

And then lying wouldn’t last long one would think.

Cheers mate

Silver also played a roll in silver backed fiat in the mix. Be gold or silver it was meant that the paper promises was to have restraint. That restraint is what held the value. But it didn’t stop them from issuing more fiat than they had in their promise of gold or silver. Even today they still compare ratios with gold and silver. The ratios just seem to get worse over time. It was supposed to keep them honest but they weren’t and having no intention of paying their spending back just removed  the standard in those country’s.  That’s the allure of Bitcoin there is only so much. Doge is now showing us just how depraved they have become robbing and weaponizing fiat for themselves. If the governments make all digital ot would be no different than paper notes it’s now invisible. Not even notes and coins to count  Then of course country’s think we’ll if they no longer have that what else can they get. They even look at people.  That’s why I look at calling gold at the barbaric relic satire. They are barbarities with no standards and the enemy of gold or anything else they think they can use including people.

OpEx makes sense to me. Market correction not as much, because in all the other major corrections gold and silver got crushed with the shares. Unless I guess they have sort of lost control of the metals and can’t do anything but keep them at bay from day to day.

Regardless, these shares won’t keep going down forever if the metals don’t go down too. They played the same game last Friday.

Sucks for the shares, but this is just a game.

My two cents.

France’s Macron Scolds Trump as ‘Weak in the Face of Putin’

https://www.breitbart.com/europe/2025/02/21/frances-macron-scolds-trump-as-weak-in-the-face-of-putin/

Owe … I don’t think that would happen. At least not voluntarily.

It would take the US about a day and a half to invade Canada – but they don’t need to – just scare the crap out of them.

There is some kind of mind game going on there few truly understand.

One thing I know is the Western Canada would be stupid to participate given the low population densities set against an abundance of resources. They can continue to live high by just sucking the resources out of the ground without having to get particularly creative. They just need to get better control of their sovereignty.

So you could get some sort of east/west split, with the parasites in the east possibly going for it and the west not. The east is firmly under the control of the international banking families at this point.

Hard to say.

Conditions have not deteriorated enough yet to see peoples’ true colors – Scott Bessent is giving clues about where the Trump admin is going. This is not good for the people anywhere. So, we will have to wait and see.

What if the majority of Canadians do not want to be part of the US? I don’t think you’d find much support here for an invasion …

Should the USA help Israel attack Iranian nuclear sites?

No (77%, 23 Votes)
I don’t know (17%, 5 Votes)
Yes (7%, 2 Votes)
Total Voters: 30

I think you are right about the shares. Along those lines, today is options expiry and they are doing their job in keeping prices tamped down.

But it’s really all about silver. It’s trying to break out. Can’t have that because it would light up the sector.

They will fight that fight right until the end.

Gotta keep those cheap bombs and missiles coming.

I have a hypothesis about this. Because silver will eventually breakout (because it’s a store of wealth in an increasingly volatile world along with being a strategic commodity), and the international bankers are realizing it’s futile to keep pursuing a Russia invasion (because the hardliners in Russia would never allow Vlad to give it up), it’s expedient for them to pull back on the war(s) now because it could cost them everything (and it may have already been triggered). This is why Trump was brought in – the master negotiator – to take control of Canada without ever firing a shot. Canada is number two in the world in terms of natural resources (Russia is #1 by a mile), so this turns out to be an acceptable plan b for them. They keep their power and have a cheap source of natural resources to keep the plebs subjugated moving forward. Because you gotta keep the plebs happy unless you have taken all their guns away. This way, they think they can keep the price of everything down for longer – allowing them to install their control state with the help of their billionaire tech buddies.

Anywho, I think they are being very optimistic. And it’s possible Trump sees this. And the proof of the pudding will be if Trump takes the risk of his life and turns on the international banking families (the gangsters) by nixing the Fed and/or the IRS – which are the cornerstone(s) of global fiat power. If he does this, he would be giving the power to govern back to the people.

The proof would be in the pudding.

There is much more to this but that’s enough for now.

Cheers

The computers just dumped everything at market during the first hour for a specified outcome.

We may not come racing back but it’s a gift for anyone looking to get into the miners. They couldn’t even really tank the metals

Desperation

for deviating from what I professed here just a few weeks ago; to not infuse politics into the metals analysis….

My bad……

completely nonsensical.

I guess I could see it if the HUI was up 25-30% on the year, but it’s hardly moved.

Either someone wants these shares badly and cheap or we’ve come to the end of the run.

Hope it’s not the latter.

Exactly right; it’s like the lowly left wing politicians that have nothing left in their arsenal, but to simply keep going back to the well with non-sensical, irrational, crazy rationales…….

They’re losing the battle, but they won’t give in……