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

Always good to see new people here!

Yes I have been watching that too … which is effectively a trap for retail investors going into the Fed meeting.

If they only cut .25 bp the short end of the market could factor that as they are still watching ‘inflation’ and reduce odds of further cuts, while the long end would likely start discounting this same ‘inflation’. The end result is a steepening curve and liquidity pressure on the equity complex.

I expect this because the Fed is political, and Powell is gone soon anyway so he doesn’t care.

So this could play havoc with stocks going into October – including PMs.

If silver trades above $35 prior to Wednesday, it will be up in 5 from the April low and even if it vexes higher – should start a correction sooner rather than later.

That said, if Ghali over at TD is right and silver stockpiles are very thin (they are) – any reaction from monetary authorities (globally) to stem stock market/ economic weakness in the Fall – could eat up any remaining supply quite quickly (4 months?).

And I can tell you da boyz over at the CME are playing games with the numbers these days. Ex. gold’s preliminary numbers had open interest (OI) up over 14k contracts first thing this morning – but as you can see here they are only up just over 300 now. And they delivered more contracts (307 + 1605 EFP’s) making Comex an increasingly physical delivery mechanism now (final numbers). And this kind of thing has been going on for some time now (weeks). It’s designed to scare you off from buying – a form of spoofing.

This is not good for the bankers who thought this fractional reserve thing was the best thing since sliced bread and have abused it to the point they are now about to get caught.

Gee – I wonder how much our taxes will be going up next year to pay for this crap.

Not as much as the money printing when the crack-up boom accelerates I will wager.

Cheers

Hello All,

I am new here – been following for years from England and France.

Hope to pop in and post from time to time,

Don

Not even a moment of silence from the Democrats?

I hope they found the right person and justice is swift and the followers of the Democrats will learn what the second amendment is really about.

Patriots  need to organize a team that goes after the dirt bag losers game using the cover of free speech while willfully attacking free speech by inciting  “stochastic terrorism” that has caused violent acts and murder in the country and now the senseless murder of  Charlie while they work from the side lines letting the followers do their dirty work  for them and go after these treasonous swine once and for all.

Looks like NEM and ABX are getting the treatment.

Re margins…..I’d say that is another ‘tell’ that we are going way up and it is sanctioned.

maddog – well the longs are certainly fighting to take back $42 – stunning to me. Gold wants to take out $3650 too. Rates are coming back down a little, dollar too. One thing that strikes me about this recent move, we are correlating exactly with moves in the dollar and rates. I can remember so many times in the past being frustrated to see the dollar down and pm’s down with it. Not the case lately. Very serious strength.

Again, I ask, why hasn’t the Crimex jacked up margin requirements on the metals to stop the momentum? Is it because they are too afraid of the buyers?

ferret – I was inclined to think the same thing about the trans writing, but now I’m not so sure as the shooter was turned in by his dad who was convinced by his minister. Just seems like a kid who is messed up in the head.

The blame lies at the feet of the MSM, NGO’s and billionaires that have pushed this agenda, along with the corrupt judges who have enabled crime. I hope there are patriots assembling to start taking those folks out. Trump says to supporters to stay “peaceful” – sorry Don, Kirk was as peaceful as they come and that doesn’t work with these people. Democraps in the House wouldn’t even respect him with a moment of silence.

I’m wondering what forces could keep the dollar up if the rates start to lower because silver seems to be wanting to move to 46 slowly maybe weeks next. Otherwise I wonder if the dirt bags at wall street real estate like blackrock et al who bragged theyd  be back buying up more property to rent out for easy money. From what I’m seeing a large number of people particulary young people, single people,  those with children including single parents, and seniors are not having trouble finding housing, they’re having trouble finding housing they can afford because of the jacked up prices that doubled in just a few years that’s no joke. People need to team up and crash that housing market  If the dollar drops below long time upward support on its downturn will be good for the miners except cost to them too  we’re heading for increasing stagflation to inflation  and serious economic trouble the neocons war schemes will make even worse.

No Numbers ????….Something has sent them wild….Oil is also exploding and being sat on,,,,,and it looks like there is a huge Ag seller at 42.00…if 42 is left behind today, then the shorts have to be looking at high windows, that open.!!!

Great news if true. It’ll be interesting to see his motivation. I think the trans stuff carved on the cartridges is a distraction.

No real numbers over here except consumer confidence. Shouldn’t be a big mover.

Oil is spiking though.

Been a wild week.

Silver has lost 2/3 rds. of its overnight gains. Same with gold, although gold was never up all that much. Dollar popping and rates now up 5 bips.

Not really a surprise, we’ve had a heckuva run.

I’m thinking about sitting next week out. Hard to see upside around a Fed meeting. If they only cut a .25 pt. I don’t see how we won’t get whacked for a couple days. Then the dip buyers will come back with a vengeance.

Up $.80 now, with gold up $10. Silver got as high as $42.50.

It’s a little bit of a surprise that we’re up at all, given that the dollar and rates are higher. Is someone having inventory problems with silver in London or on the Crimex? Surely the paper players are having some problem with their short paper.

PM shares are up again, but silver shares are ripping in the premarket. It’s awful early, and we’ve seen these spike moves in the overnight markets get reversed many times before, so I guess that’s a possibility. The RSI has been sitting on 70 for the last two weeks, but the chart looks to be breaking up and out of this short consolidation. We’ll see.

Oil reversed and is up near 1% but still just below $63. Bitcoin is flat, but must’ve had a decent move yesterday.

It appears that this truly is IT!!!!!

First wave down, was corrected by a near perfect Fibonacci 61.8 % in 3 waves a-b-c…..ending the bear flag,…..An equal swing target points to 41 on the ratio from here ….which means if Gold goes nowhere Silver goes into the 80’s !!!!!….but Gold ain’t going nowhere….

Down on the farm
https://www.railpictures.net/photo/886921/

HELL YES  !!

Works for me.

The chart looks like silver is above the 1980 high. But back in 1980 a $1,000 face value silver bag could buy a $35,000 house in my area. Today they are averaging $800,000 per house so a $1,000 silver bag (715 ozs) Silver would have to go to $1,119/oz to equal 1980’s $50/oz.

I use classic TA and Elliot Wave……and one of the huge drivers has been that massive saucer base Silver has going over 40 yrs……for that to work out….one can assume all PM’s will be in a huge bull mkt….

Then just do the one you were “told” is right to do! Except when I refused to do what I was “told”, my entire life has been Silverngold! Try it!

I like to do comparisons like the chart below. I put it on five days you can see up 23% top performer, you can also see AG at 12% crossing lanes of traffic over four other miners from the bottom.

https://www.msn.com/en-us/money/chart?id=a1n2hw&comparisons=a1upz2%2Ca1pe52%2Ca1v3sm%2Ca1r9u2%2Ca1whxm%2Ca1yh3m%2Ca1n1im&timeFrame=5D&chartType=line&projection=false

Three month view:

https://www.msn.com/en-us/money/chart?id=a1n2hw&comparisons=a1upz2%2Ca1pe52%2Ca1v3sm%2Ca1r9u2%2Ca1whxm%2Ca1yh3m%2Ca1n1im&timeFrame=3M&chartType=line&projection=false