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

Dollar getting serious now

Posted by Buygold @ 9:06 on May 29, 2025  

on its way down, which is surprising because rates have come back in and are now down a bip.

GDP beat a little -.02% vs. .02% estimates – still recessionary now for the second straight quarter.

Personal Consumption Expenditures were the surprise, 1.2% vs. 1.8% estimates, I think that might indicate inflation slowing.

Weekly jobs missed as well 240K vs. 230K estimates. More recession indications although a lot of those are probably wasteful government jobs.

The Fed has zero excuses not to start cutting and cutting hard, despite their hatred for Trump

They’re after silver as usual, defending $33.50. It’s like pulling teeth. Just when you think you have a chance – bam, they get ya.

Usual selling at the open. We should do better in an hour or so.

They took their first swing at silver and it was soundly rejected

Posted by Buygold @ 8:24 on May 29, 2025  

At the same time, gold fought through $3300.

PM shares firmer.

We’ll see if they play games when the GDP numbers come out in a few minutes. Dollar is giving up the goose.

Maddog

Posted by Buygold @ 8:20 on May 29, 2025  

I’m pretty sure Robert’s is compromised so he’ll be doing what he’s told, not what is right or constitutional. I’m also pretty sure Trump and team have all the goods on him and members of Congress.

We’ll see what happens when the arrests start coming, supposedly they are going to topple bid names. If that doesn’t happen, then all of this is one big show.
He cannot continue to abide by judges who’ve made rulings outside of their jurisdictions.
I don’t know how soon this will take place but this will be an interesting summer. “We the people” have had enough of these clowns in government from both parties.

Posted by ipso facto @ 8:12 on May 29, 2025  

Silver Storm Announces Upsize of Brokered Private Placement for Gross Proceeds of up to C$8.0 Million

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Route 109 Intersects 5.05 m at 1.03% Copper, 1.28 g/t Gold, 4947 ppm Molibdenum and 6.58 g/t Silver at Dunlop Bay

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Awalé Announces Strategic Investment by Fortuna Mining

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District-Scale Porphyry Cluster Potential Emerging at La Verde Cu-Au Discovery

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Omai Gold Drills 2.63 g/t Au over 27.5m in New Wenot Zone and 4.87 g/t Au over 9.5m and 2.64 g/t Au over 21.0m

https://pro.ceo.ca/@newsfile/omai-gold-drills-263-gt-au-over-275m-in-new-wenot

Azimut and KGHM Launch Exploration Campaign at Kukamas

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Lake Victoria Gold Plans Strategic Resource Drilling Campaign at Ngula 1 to Support Processing JV

https://pro.ceo.ca/@newsfile/lake-victoria-gold-plans-strategic-resource-drilling

Dryden Gold Strengthens Regional Pipeline with Hyndman Drill Permit and Field Activities

https://pro.ceo.ca/@newsfile/dryden-gold-strengthens-regional-pipeline-with-hyndman

Cerrado Gold Announces First Quarter 2025 Financial Results

https://pro.ceo.ca/@accesswire/cerrado-gold-announces-first-quarter-2025-financial

Provenance Gold Completes First Infill and Step-Out RC Drill Holes at Eldorado

https://pro.ceo.ca/@newsfile/provenance-gold-completes-first-infill-and-step-out

Freegold Provides Update on 2025 Drill Program

https://pro.ceo.ca/@newswire/freegold-provides-update-on-2025-drill-program

SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS

https://pro.ceo.ca/@newswire/soma-gold-reports-record-first-quarter-financial-results

Quimbaya Gold Announces Strategic Private Placement of up to $2,000,000 Led by Co-Founder of Gran Colombia Gold, Serafino Iacono

https://pro.ceo.ca/@newsfile/quimbaya-gold-announces-strategic-private-placement

Galantas Report Financial Results for the Quarter Ended March 31, 2025

https://pro.ceo.ca/@globenewswire/galantas-report-financial-results-for-the-quarter-ended-de4ea

Santacruz Silver Reports Year End 2024 Financial Results

https://pro.ceo.ca/@newswire/santacruz-silver-reports-year-end-2024-financial-results

Versamet Royalties Announces Record Revenue for the First Quarter of 2025

https://pro.ceo.ca/@newsfile/versamet-royalties-announces-record-revenue-for-the

B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

https://pro.ceo.ca/@globenewswire/b2gold-releases-its-ninth-annual-responsible-mining

Golconda Gold Ltd. Releases Financial and Operating Results for Q1 2025

https://pro.ceo.ca/@globenewswire/golconda-gold-ltd-releases-financial-and-operating-96edb

Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan Mine

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METALLA REPORTS PORTFOLIO UPDATES

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SOUTHERN CROSS GOLD DRILLS 3.4 m @ 466 g/t GOLD AT SUNDAY CREEK

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Minco Silver Corporation Receives Final Loan Payment from Longxin Mining Co., Ltd.

https://pro.ceo.ca/@newswire/minco-silver-corporation-receives-final-loan-payment

AJN Resources Inc. Signs a Condi onal Heads of Agreement on Okote Gold Project in the Adola Gold Belt of the Renowned Arabian-Nubian Shield in southern Ethiopia

https://ceo.ca/content/sedar/AJN-2025-05-28-news-release-english-a1f5.pdf

EarthLabs Expeditions, Revisit to West Red Lake Gold’s Madsen Mine

https://pro.ceo.ca/@newsfile/earthlabs-expeditions-revisit-to-west-red-lake-golds

Colombian Superintendent of Finance Issues Notice of Public Tender Offer for Mineros Shares, Halts Trading on Colombia Stock Exchange; Sun Valley Investments AG Announces Private Share Purchase Agreement

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New Found Gold Increases Previously Announced Bought Deal Financing to C$56 Million; Previously Announced Private Placement Remains at C$20 Million

https://pro.ceo.ca/@globenewswire/new-found-gold-increases-previously-announced-bought

North Bay Resources Announces April Gold Concentrate Sales and Mobilization at Fran Gold Project, British Columbia

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Black Mammoth Metals Reports Rock Chip Sampling Results at Coal Canyon, NV

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Great Atlantic Receives Additional Permit Diamond Drilling Approval for Up To 33 Holes for the Jaclyn Zone at its 100% Owned Golden Promise Property, Central Newfoundland

https://pro.ceo.ca/@newsfile/great-atlantic-receives-additional-permit-diamond-drilling

Cheechoo Gold Project: Mineral Resource Estimate Update Underway Based on New Model

https://pro.ceo.ca/@newsfile/cheechoo-gold-project-mineral-resource-estimate-update

BCM Resources Corporation Completes Non-Brokered Financing

https://pro.ceo.ca/@newsfile/bcm-resources-corporation-completes-non-brokered-financing

West Red Lake Gold Delineates High-Grade Lenses of Gold Adjacent to Current Development

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Miata Metals Confirms Gold in Bedrock at the Sela Creek Gold Project in Suriname

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Dolly Varden Silver Commences 2025 Drill Program with Four Drill Rigs at the Kitsault Valley Project

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Gold Finder Resources Uplists to OTCQB Venture Market

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Prosper Mobilizes Crews for Additional Drilling at Cyprus

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Elemental Altus Notes Continued Growth at Royalty Assets with A$250m Laverton Acquisition and Hercules Maiden Reserve

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Golden Rapture Mining Identifies Strong Linear Anomalies throughout the Project Area from Airborne Magnetic Survey

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Nice reversal for gold

Posted by Buygold @ 6:54 on May 29, 2025  

as the dollar slowly comes back in. Looks like we’ll attempt to re-take $3300.

Silver should be jumping with it, but that’s not how it works. As gold moves up, silver slows down. Not falling, just not jumping.

PM shares slowly firming. Should be a decent day, maybe the HUI will get back above 400.

Buygold

Posted by Maddog @ 5:53 on May 29, 2025  

as I said to ferret…the mkts are all over the place o/n….presumably the ruling will be overturned…..but Bannon reckons there definitely will be a Constitutional crisis soon and that looks to be where yr headed……Unless Roberts grows some.

If nothing else I’m very glad I am not the silver short !!!

Maddog,

Posted by ferrett @ 5:53 on May 29, 2025  

I think “all over the place” sums up mkts since January 20th (or a bit before).

I read an article on functional unemployment on ZH today, a phrase which I had totally misconstrued. It means part timers who can’t get a full time job through no fault of their own. Although they are categorised as ’employed’ for statistical purposes, they can’t live off their earnings and are a victim of government apathy.

I had previously thought that it meant people who had jobs which were unproductive. Bureaucrats, lawyers, most accountants especially tax ones, most police, uni lecturers, judges, politicians etc etc. In the sense that although they have a function, they don’t actually do any work, productive work. And often their ‘work’ is actually counterproductive, getting in the way of producers with rules and regulations, forms that need ticks here there and everywhere. So they are basically unemployed, but still have a function.

There is a basic similarity between the actual definition and my wrong definition. Both have something to do, but neither can get full time productive work. The difference is that my ‘functionally unemployed’ are usually incapable of anything productive, nor do they have any desire for such a position.

ferret

Posted by Maddog @ 5:21 on May 29, 2025  

Not sure the mkts are taking the latest mad ruling seriously …if they were Bonds would have cratered, big time……though I must say the reactions are all over the place.

Can silver carry the ball?

Posted by Buygold @ 5:11 on May 29, 2025  

It may have to today. It’s up 1% this am, while gold languishes. Gold lost about $10 more in the AH yesterday, so GLD actually is down about 1/2%.

SM is roaring again on NVDA’s earnings. Oil up another 1%. Crypto up across the board. As maddog mentioned, 10 yr. back at 4.52% which is strengthening the dollar a little. They better get that fixed.

PM shares on either side of flat in the premarket. The good thing is that gold was down a lot more in the overnights and has fought its way back.

GDP numbers today – should suck.

Two more sessions and month-end is over.

Morning maddog

Posted by Buygold @ 4:51 on May 29, 2025  

Yeah, SMR has been on quite the roll, especially in the last week. Their small modular tech is part of the future for US nuke energy. Trump is unleashing energy of all forms, but nuke makes the most sense. All he had to do was deregulate and get the government out of the way, so these guys can get online. The DOE and NRC have been a drag on innovation for decades when it comes to nuclear energy. They take forever to approve anything and make the most ridiculous punitive demands on the industry. Just like all government, people creating jobs for themselves and power hungry. They stifle innovation and industries. Trump’s new guy is brilliant and is unleashing them.

It’s really too bad that Republicans, especially in the Senate, but the House also, are just like the rest of government. Self-important, useless eaters that steal and slow us all down. If they stay out of the way, nuke’s future should be very bright for at least the next few years. Imagine if all that wind and solar money had been directed into real energy like nuke, coal, and oil. Our economies would be so strong. The goal should be to make energy free, for all countries.

Buygold

Posted by Maddog @ 4:18 on May 29, 2025  

A while ago you called a Nuke stock SMR……that was some call…..mny, mny tks

nuke

A message to our anonymous sponsors:

Posted by ferrett @ 4:09 on May 29, 2025  

the 10’s are now trading at 4.53%. Could you please buy another yuuuge chunk to get them back to 4.3?

TIA

Scott Bessent, US Treasury.

Is AG about to take off, having broken out and back tested numerous times

Posted by Maddog @ 4:00 on May 29, 2025  

Daily below shows current recent action as classic Elliot 1-2, 1-2 , ie 1st up 2nd down then repeated at lower wave level, next is 3 of 3 ..very bullish.

agd

here is an hrly chart showing to the back tests……but 33.70 remains the main break out.

agh

Gold Train

Posted by Maya @ 0:50 on May 29, 2025  

Bluebonnets, 40 years ago
https://www.railpictures.net/photo/881115/

 

Algorithms are ensuring

Posted by deer79 @ 20:18 on May 28, 2025  

that any headline that comes out after US trading hours ( however trivial) gets magnified to the downside for the PM’s ( especially near the end of a month).

ferrett @ 17:51

Posted by ipso facto @ 18:50 on May 28, 2025  

If that happens I just hope we can stay out of it. A little easier for you Aussies. Maybe it would scare the Germans so bad that they’d push for a peace deal? Who needs a world at the brink!

“Stalingrad” Yep bad strategy for the Germans. Should have just bypassed it and cut it off.

could happen

Posted by deer79 @ 18:30 on May 28, 2025  

https://www.zerohedge.com/geopolitical/trumps-monetary-reset-gold-backed-dollar-horizon

Buygold, probably.

Posted by ferrett @ 17:59 on May 28, 2025  

But to support Trump, or purely for investment purposes 🙂

Not the Chinese, for sure!

ipso 15.37, yes, a new dimension.

Posted by ferrett @ 17:51 on May 28, 2025  

The Russians won WWII in 1943 when they defeated (eliminated?) the Wehrmacht after a six month battle and a million Russian lives at Stalingrad. Hitler made a terminal mistake in insisting they try to take Stalingrad.

Merz now wants to start WWIII. Without a functioning army, so they are assuming that everyone else will rush to their defence.

Shakes head.

ferret – good question

Posted by Buygold @ 17:50 on May 28, 2025  

I have no idea who would buy our bonds.

Saudi’s? UAE?

Cap’n, 13:11, not any old farm.

Posted by ferrett @ 17:27 on May 28, 2025  

You want to be on a farm where the farmer doesn’t have modern equipment – because that is all on Skynet.

I’m on a beef farm atm. The farmer is much preferring his old tractors as they break down less, but he doesn’t actually understand the implications of the technology that keeps failing on the JD being linked wirelessly to base. The Deere is hopeless, the 20yr old Case and Internationals may have high hours but are easy to fix, even if they break down mechanically more often.

AI will take out a technologically modern farm as quickly as a distribution warehouse.

Buygold 8.29, yes, but who is buying them?

Posted by ferrett @ 17:19 on May 28, 2025  

The 10yr is nearly back up to 4.5% again – so people are buying bonds and selling them. Who are the foreigners picking up the slack?

That would shake things up …

Posted by ipso facto @ 15:37 on May 28, 2025  

Word in Moscow is if Merz uses German weapons to strike Moscow – and we all know that Kiev has no independent capacity to operate Tauruses or other long-range missiles – then Russia will have no choice but to strike Berlin directly.

https://x.com/M_Simonyan/status/1927715548692893729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1927715548692893729%7Ctwgr%5E7a7a1e1dca1b9bf847fed89708f07ab063d6f148%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fkremlin-issues-outline-putins-peace-demands-warns-peace-tomorrow-will-be-even-more

Silver shares continue to impress

Posted by Buygold @ 15:25 on May 28, 2025  

EXK is the only straggler among those that I watch. AG has been strong the last couple of days. HL firm as well. SSRM, SVM holding their own. Even Dolly Varden is joining the party today, up 5% on better than avg. volume.

They’ve got to be saying something with the metal down the last couple of days.

Greater days ahead.

Buygold @ 13:25

Posted by ipso facto @ 15:16 on May 28, 2025  

I hope you’re right my friend! Is it going to be the days of wine and roses?

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