Loading ...I recall being on Vronsky’s (sp?) site and seem to remember joining Gold Tent shortly afterward, though under a different name than Bob. Pretty sure I was on this site since 2008 at least.
Will the early fade begin?
Dollar is a little bit weaker, the best thing we have going for us is the bond market rallying, so the 10 year is down 4+ bips.
I am conditioned to expect any rally attempt to fade at this point and there may be some evidence of that in some of the shares that are off early morning highs already. But we’ll see.
Never mind the SM and Bitcoin though, they are ripping. Especially Bitcoin up 3%. Apparently, there’s some money that needs to be laundered that’s creating a need for Bitcoin, which is up 10% since last week.
Glad to see there’s a ceasefire on our end, despite no negotiations – at least public negotiations.
Newsom’s work in Calif
Nevadas running out of water, California oil. He’s working on imports too by harassing truckers.
Valero Energy Corporation announced it will shut down its Benicia refinery in Northern California by April 2026, citing high operating costs and strict state environmental regulations. The company plans to transition the site, potentially reducing in-state production, while continuing to supply California with gasoline via imports.
California State Portal | CA.gov +4
Key details regarding the April 2026 exit include:
- The Facility: The Benicia refinery, which employs 400 people, will cease operations, marking a significant decrease in Northern California’s refining capacity.
- Company Decision: Valero cited years of regulatory pressure, fines for air quality, and high compliance costs, taking a $1.1 billion charge on its California refinery operations.
- Supply Strategy: While refining will stop, Valero plans to import fuel, maintaining some market presence.
- Broader Impact: This follows other industry contractions, including Phillips 66 planning to shut its Los Angeles refinery and Chevron moving its corporate headquarters to Texas.
Morning Ipso
Just meant that we have a long history of attacking anyone who uses currencies for oil other than the dollar.
Looks like we’re going to try again today.
As Avis Soars In A Historic Squeeze, Who’s Next: Here Are The Most Shorted Stocks
About time they found the entire PM sector……
poll?
i was on gold chat sites before gold-eagle was born
unfortunately– those sites are listed on my old computers that have virus and can’t access
still stacking
aufever
You’ve got it!
Ipso
How about a new poll, might be interesting, like:
Were you on the gold-eagle site before goldtentoasis existed, founded in 20xx?
yes or no.
Don’t y’all know?
The whole reason for the pm manipulations all these years has been just to annoy and stick to the few dozen of us here at the oasis, and since gold-eagle days.
😁😅🤣
Buygold
“bomb them” I’m confused! 🙂 Are they not our friends now? That would really be the end of the petrodollar!
I think they’re shaking the tree
While the neos on both sides need more war. Now they can print and manipulate the POG but only so long. As far as oil and manufacturing how long will it be till the miners do the same as the others, pass the cost on to the consumers. It’s not like the central banks and industrials that need it have a choice which might make the neos without a cause their nemesis. Perhaps in long term mines can get some of their own power like Bitcoin and other techs are working on.
They are doing some covering in the after hours
Shares, metals. Had to make the close look as ugly as possible.
Ipso – does that mean we have to bomb those countries now?
Maddog – they changed the headline on that article already to “Trump blinks, unilaterally extends ceasefire”
Vance cancels trip….IRGC takes over government/country
Looks like a bombing siege from US until IRGC falls/gives up…..
Why this is bad for Gold only some 17 year old Algo programmer can answer.
I dunno?
World Affairs
@World_Affairs11
·
Apr 20
BREAKING:
Saudi Arabia, UAE and Qatar plan to sell petrol in Yuan currency instead of the US dollar.
UAE has officially shortage of dollar.
With you guys on the war thing
It has never made sense in the 25 years I’ve been in this market. Looks like they are front running no ceasefire, but it still makes no sense.
The US Government would be happy if gold stayed at $2K forever.
I’m waiting for the miners to start using fuel prices as an excuse for lower earnings. It’s coming.
Maddog
I sure don’t understand it! It’s probably just speculation gyrations with our usual pals and their thumb on the scale. I can’t see it as a long term thing. But what do I know! I’ll let the genius’s figure it out. 🙂
ipsofacto
War bad for Gold….I can’t get my head around that one …..I’d like to think the mkts sees more argueing, as the closer to the end we get, as the regime has zero chance vs the US and Israel…..but it is far more likely the mad correlation Algos that saw Gold trading the SM and now link the two !!!!! …go figure.
Tom Petty
FREEFALLING……..
Buygold
Yeah let’s hope for stellar earning anyways. If you’re a producer you better be tallying some major profits or what’s a Gold Bull for! 🙂
Ipso
This came out of nowhere. As deer79 mentioned, they must have done some probing and found some holes. It was straight down for a while there. I actually thought we might bounce after the first hour. This has been a long correction. Hoping that earnings will help but not holding my breath.
There’s no volume and no interest. Can’t say I blame them.
Buygold
Did you get the number of that bus? Sheesh!
Shaking the tree hard
in the first hour. Can we mount a comeback?
Seems overdone.