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

They’ve held together all week despite the weak metals.
Hopefully the metals get back on track next week even though we lost the battle for the $33’s.
Never know. I was bummed to see Michael Lynch’s report on deliveries, hope we haven’t topped out.

Course, took us with it, especially silver.

Probably not good on a Friday

deer79 – maybe we’re finished after all.

David Hunter WARNS: Final Melt-Up to S&P 8000 – Then an 80 % Crash

1. Last night was first notice on the June contract and 20,105 contracts (prelim number) stood for delivery. That is far less than the two previous active month contracts indicating the physical gold rush is over, or at least paused. See the trend on the plot below.

 

The prime mover of the 2025 buying binge has been non-bullion banks as I’ve written numerous times. I focus on non-banks because banks tend to flip metal whereas non-banks tend to hold positions for a longer period which is more representative of true demand.

The non-bullion banks were slight net sellers on the June contract. This is a sharp change from the prior 3 contracts where they were on a buying binge adding a net 3.2 million oz. See the trend on the plot below:

https://www.zerohedge.com/political/supreme-court-lets-trump-strip-500000-migrants-legal-status

https://x.com/i/status/1928292852653502650

Graddhy – Commodities TA+Cycles
@graddhybpc
·
May 28
Been posting that platinum will break out soon, and it is now happening.

PLATINUM has broken out on weekly time frame, and it is now in the making of doing it on all bigger time frames – monthly, quarterly and yearly.

The secular bull market for platinum is now resuming.

https://x.com/graddhybpc/status/1927643883216715977

Weird start to the day. Shares volatile in this first hour. Dollar firming up.

We’ll see if it lasts all day. They are losing the war despite these end of month shenanigans.

They’ve got rates moving down some too. I’m not sure a bond market rally is out of the question, there may be some players that want to get out in front of the Fed. Falling rates used to be good for pm’s and bad for the dollar, have they changed the rules?

but it looks like the algos will win the battle today (still early), but will eventually lose the war….

Everything was spot on except that personal income was better 0.8% vs. 0.3% That’s actually good news.

Nothing bad enough to hurt us, in fact silver and some silver shares are perking up. Gold slowly creeping up too as the dollar goes flat.

Sparton Announces Closing of Sale of a 25 Per Cent Interest in Bruell Gold Project Claims, Quebec

https://pro.ceo.ca/@globenewswire/sparton-announces-closing-of-sale-of-a-25-per-cent

Goldshore Announces Repurchase of 1% NSR from Wesdome, Filing of Q1 Financial Statements and Provides Year to Date Project Highlights

https://pro.ceo.ca/@newsfile/goldshore-announces-repurchase-of-1-nsr-from-wesdome

Silver Storm Announces a Further Upsize of Its Brokered Private Placement for Gross Proceeds of up to C$10.0 Million With Participation From Eric Sprott

https://pro.ceo.ca/@businesswire/silver-storm-announces-a-further-upsize-of-its-brokered

Patagonia Gold First Quarter 2025 Financial Results

https://pro.ceo.ca/@globenewswire/patagonia-gold-first-quarter-2025-financial-results

Nova Minerals Outlines Estelle 15,000m Exploration and Project Advancement Plan

https://pro.ceo.ca/@globenewswire/nova-minerals-outlines-estelle-15000m-exploration

Roscan Gold Announces $1,000,000 Fully Subscribed Non-Brokered Private Placement Financing

https://pro.ceo.ca/@newsfile/roscan-gold-announces-1000000-fully-subscribed-non-brokered

RTG Mining Inc. Announces Issue Of A$15.3 million Chess Depository Instruments Under Tranche 2 Of Placement

https://pro.ceo.ca/@accesswire/rtg-mining-inc-announces-issue-of-a153-million-chess

Dynacor Receives Positive ISS Recommendation FOR All Director Nominees and Meeting Resolutions at the Annual Meeting of Shareholders and Provides Corporate Updates

https://pro.ceo.ca/@businesswire/dynacor-receives-positive-iss-recommendation-for-all

Royalties Inc. Reports Q1 Results For March 31, 2025 and Update on Capstone Lawsuit

https://pro.ceo.ca/@newsfile/royalties-inc-reports-q1-results-for-march-31-2025

WEST POINT GOLD ANNOUNCES C$7 MILLION PRIVATE PLACEMENT

https://pro.ceo.ca/@newswire/west-point-gold-announces-c7-million-private-placement

Osisko Development to Complete Third Deferred Payment Installment in Connection with the Tintic Acquisition; Engages Resource Stock Digest

https://pro.ceo.ca/@globenewswire/osisko-development-to-complete-third-deferred-payment

Goliath Resources Announces Bought Deal Private Placement of Charity Flow-Through Financing for Gross Proceeds of C$20,002,700

https://pro.ceo.ca/@newswire/goliath-resources-announces-bought-deal-private-placement

Development Of Cross-Cut Into New Gold Target Underway

https://pro.ceo.ca/@thenewswire/development-of-cross-cut-into-new-gold-target-underway

Gold’n Futures Provides Update On Annual Financial Statements

https://pro.ceo.ca/@thenewswire/goldn-futures-provides-update-on-annual-financial

Pan American Silver Releases 2024 Sustainability Report

https://pro.ceo.ca/@businesswire/pan-american-silver-releases-2024-sustainability-report

Platinum Group Metals Ltd. Completes Non-Brokered Private Placement

https://pro.ceo.ca/@newsfile/platinum-group-metals-ltd-completes-non-brokered-private-1c4c9

Rise Gold Announces Closing of Second Sale of Industrial Land and Paying Off the Secured Debt

https://pro.ceo.ca/@newsfile/rise-gold-announces-closing-of-second-sale-of-industrial

ESGold Advances to Next Stage of Growth with Strategic Leadership Transition

https://pro.ceo.ca/@newsfile/esgold-advances-to-next-stage-of-growth-with-strategic

Grande Portage Announces Important Developments for Direct Ore Shipping at the Proposed Cascade Point Marine Terminal Site near Juneau, Alaska

https://pro.ceo.ca/@accesswire/grande-portage-announces-important-developments-for

NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

https://pro.ceo.ca/@globenewswire/nevgold-announces-closing-of-upsized-c60m-brokered

T2 Metals Provides Update on Fire Situation at Sherridon VMS Project, Manitoba

https://pro.ceo.ca/@newsfile/t2-metals-provides-update-on-fire-situation-at-sherridon

Tudor Gold Announces Closing of $14.95 Million Financing, with Participation by Eric Sprott

https://pro.ceo.ca/@newsfile/tudor-gold-announces-closing-of-1495-million-financing

Onyx Announces Closing of its Previously Announced $3 Million Financing Investment by Strategic Investor

https://pro.ceo.ca/@newsfile/onyx-announces-closing-of-its-previously-announced

Endeavour Announces Completion of US$500 Million Senior Notes Offering and Results of Tender Offer

https://pro.ceo.ca/@globenewswire/endeavour-announces-completion-of-us500-million-senior

Tristar Gold Closes Brokered Private Placement

https://pro.ceo.ca/@newsfile/tristar-gold-closes-brokered-private-placement

Bathurst Metals Identifies New Electromagnetic, Geophysical Trends at the Peerless Gold Project, Bralone Mining Camp Area, B.C and Announce New Financing.

https://pro.ceo.ca/@thenewswire/bathurst-metals-identifies-new-electromagnetic-geophysical

New Age Metals Launches Exploration Field Program on its Recently Acquired Gold-Antimony Projects, Newfoundland

https://pro.ceo.ca/@thenewswire/new-age-metals-launches-exploration-field-program-on

Nova Pacific Intersects Massive Sulphide Mineralization at Lara Project – Rush Assays Pending

https://pro.ceo.ca/@newsfile/nova-pacific-intersects-massive-sulphide-mineralization

Kinross Gold Commences 2025 Drill Program at Riley Gold’s PWC Gold Project (Cortez District – Nevada)

https://pro.ceo.ca/@newsfile/kinross-gold-commences-2025-drill-program-at-riley

Pacific Bay Minerals Ltd Files Technical Report and Signs Extension on Letter of Intent to Acquire Pereira-Velho Gold Property in Alagoas State, Brazil

https://pro.ceo.ca/@newsfile/pacific-bay-minerals-ltd-files-technical-report-and

NV Gold Announces Drill Program at the Slumber Gold Project in Nevada

https://pro.ceo.ca/@accesswire/nv-gold-announces-drill-program-at-the-slumber-gold

Zodiac Gold Commences Trenching at the Ben Ben Target

https://pro.ceo.ca/@newsfile/zodiac-gold-commences-trenching-at-the-ben-ben-target

Ridgeline Minerals Acquires High-Grade Oxide Gold Project, Further Consolidating Land Position at the Atlas Project, Nevada

https://pro.ceo.ca/@newsfile/ridgeline-minerals-acquires-high-grade-oxide-gold-project

Amarc and Freeport Are Planning a Significant 2025 Drill Program in Their Joy District, Including at the High Grade Copper-Gold-Silver Aurora Discovery

https://pro.ceo.ca/@accesswire/amarc-and-freeport-are-planning-a-significant-2025

South Pacific Metals Unveils Surface Rock Samples Grading Up to 10.3% Copper and 1.7 g/t Gold in Emerging Porphyry-Epithermal System at Ontenu NE

https://pro.ceo.ca/@newsfile/south-pacific-metals-unveils-surface-rock-samples-grading

Seabridge Files Responses to Petitions Challenging KSM’s Substantially Started Designation

https://pro.ceo.ca/@newsfile/seabridge-files-responses-to-petitions-challenging

EMX Options the Trench Gold Project in Nevada, USA to Ridgeline Minerals for Pre-Production and Retained Royalty Interests

https://pro.ceo.ca/@newsfile/emx-options-the-trench-gold-project-in-nevada-usa

First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund

https://pro.ceo.ca/@newswire/first-nordic-confirms-robust-gold-in-till-anomaly-and

Q-Gold Announces Strategic Exploration Program focused on the past producing Foley Shaft at its Mine Centre project in Ontario

https://pro.ceo.ca/@globenewswire/q-gold-announces-strategic-exploration-program-focused

Not much movement in the last few hours.

There’ quite a bit of eco data this am PCE’s, Chicago PMI’s. that could make a difference. I’d think the data will be soft adding more pressure to the Fed.

Dollar up some. PM shares weaker. Another week in the books.

They had us back below them an hour ago, but someone (in London?) has decided to put up a fight and losses have been cut in half, moving them back above.

The overnights have not been as friendly to us lately as they were for quite awhile, but the US markets have been more friendly and not moving to waterfall us after a weak session overseas.
That’s unusual.

Long way to go.

…How the Kremlin said that Berlin could become a target if the Taurus missiles are used against Russia.  Suddenly Germany gets cold feet about supplying the missiles.

And Russia holds all the Hazelnuts.

Remembering the Past
https://www.railpictures.net/photo/881117/

 

They can get your financial info.