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clark hoye Robert Campbell this week in $$$

Posted by overton @ 13:01 on February 5, 2023  

https://www.howestreet.com/2023/02/gold-cpi-coffee-inflation-recession-us-economy-robert-campbell-bob-hoye-ross-clark-this-week-in-money/

  • Ross Clark – Stock Markets, Gold, Coffee – Special Offer! 25% Off New Annual Subscriptions – Expires February 17, 2023
  • Robert Campbell –  (8:47) CPI, Waves of Inflation, Leaving California
  • Bob Hoye –  (34:35) Fed, Recession, US Economy. Special Offer! 25% Off New Annual Subscriptions – Expires February 17, 2023

 

 

 

The Dam of lies is cracking

Posted by ipso facto @ 12:41 on February 5, 2023  

Posted by ipso facto @ 12:36 on February 5, 2023  

IPSO

Posted by Alex Valdor @ 12:08 on February 5, 2023  

Exactly !

Alex Valdor @ 22:03

Posted by ipso facto @ 9:32 on February 5, 2023  

You bet.

I just hope that the USA can accept the decline in our power and influence without sparking WWIII. A first good move would be making a negotiated peace in Ukraine and also not allowing the MIC to have such an influence on our politics.

The founding fathers said that we shouldn’t get entangled in foreign wars … we sure are entangled now!

Gold Train

Posted by Maya @ 22:51 on February 4, 2023  

North Pole, Alaska
https://railpictures.net/photo/807509/

 

IPSO – Thanks for posting that Alisdair MacLeod analysis

Posted by Alex Valdor @ 22:03 on February 4, 2023  

Logical and realistic in my view , though not cheery for our future as Americans .
We have benefitted greatly from the global acceptance of the petrodollar , but our industrial might was lost because of reliance on imports , as Mr. Copper has pointed out .

I was named after an uncle by that name which translates from Scots Gaelic to Alexander MacLeod .
He died very young , barely in his 20’s – not uncommon a century ago .

GLD

Posted by Buygold @ 15:41 on February 4, 2023  

Looking at the chart of GLD, we had a selloff last year at almost the exact same time in early February. It took about a week to bottom out before we proceeded to rally almost $300 to (almost to $2100).

Hoping this plays out the same way as last year. The scary thing is that we’ve already rallied 12 weeks, which is the longest duration in any rally since Covid. Hard to believe it’s been 12 weeks already.

Where do we go from here? Higher highs or do we rollover and flop?

Always a guessing game with pm’s, the rig makes it tough.

Good article … Alasdair Macleod

Posted by ipso facto @ 14:07 on February 4, 2023  

snip

It is the consequences for the euro of a renewed battle over Ukraine that threaten to finally undo American influence in Europe, and therefore the future of both NATO and the EU. When the ground freezes enough in Eastern Ukraine for tank warfare (perhaps within weeks) a new conflict will begin — unless a pre-battle missile attack by Russia on Ukraine’s supply lines hasn’t already commenced by then. Anticipating the uncertainty that follows, energy prices are bound to rise again. On 24 February 2021, when Russia commenced its “special operations” the price of gold was $1902. By 9 March, it had risen to $2070. All other commodity prices from base metals to raw materials and food soared. There’s no reason to think it will be different this time.

The consequences for the alliance’s financial markets are potentially devastating. Kiss goodbye to transient inflation and interest rate moderation. Say hello to soaring bond yields, collapsing equity markets, bankrupt banking systems including the central banks themselves, and debt traps for both governments and overleveraged businesses. Fiat currencies will teeter on the precipice of collapse. A new phase in this war will threaten to destabilise the western alliance, but not Russia and China whose economies are not beholden to deflating financial sector bubbles.

There’s little doubt that the euro is particularly vulnerable to the consequences of a new military escalation in Ukraine and the effects it is bound to have on producer and consumer prices in the Eurozone. The euro is the vol-au-vent of fiat currencies, a currency at risk which demonstrably takes from Germany’s savers to fund the fiscally spendthrift PIGS. Rising interest rates and bond yields have done very little to offset increases in the general levels of producer and consumer prices. In the absence of a rapid defeat of Russia, a renewed escalation of the Ukrainian conflict is sure to drive those price levels even higher.

The ECB will be torn between the need to respond with yet higher interest rates for fear of losing control over them to market forces, and the consequences of permitting higher interest rates and bond yields for government finances. Not least, there is the threat to the solvency of the entire euro system.

The only solution, and even that is likely to be short-term, is for America to step back from the battle for Western Europe and recognise Russia’s right to protect the integrity of her borders. Negotiations leading to a settlement would have to be offered to Russia immediately if the euro is to be saved. Only then, the prospect of lower energy and commodity values feeding into producer and consumer prices would provide some relief for the euro system and the euro itself.

https://www.zerohedge.com/geopolitical/tale-two-worlds

Gold Train

Posted by Maya @ 0:07 on February 4, 2023  

Blue Train
https://railpictures.net/photo/807444/

 

Happy Hour: ……..Dines ……

Posted by winedoc @ 17:41 on February 3, 2023  

Well I miss JD writings for sure ….. and for sure he made some amazing calls …….

Missed his  MJ recs because I was dead against it, same for Bitcoin ……..

I love to hear from all you “old dogs” ……. who were subscribers like me (even longer ) ……

More Dines Quotes ……. “who ever said life would be fair”

Two horrible down days for gold Ugh …. we have seen this kind of action lots of times

I like, on days like today, ………   to add to my  stack of motorcycle parts ……  🙂

Good evening Friends

Winedoc

Re the New Dinesletter

Posted by Mr.Copper @ 16:56 on February 3, 2023  

An old friend still has it, he told me the new guys are like all these services now, they give you a broad overview of the markets and sectors but to get their newest, hottest recommendations you have to watch their video and pay more money for the deluxe letter. And, they do a lot of penny stocks, primarily mining and metals and cryptos,  I will not renew.

Looks like we are painting some serious Key Reversals

Posted by Maddog @ 15:42 on February 3, 2023  

the scum will be very happy looking at those charts…we are right little Michael Angelo’s, they will be thinking.

and all of this based on the idea, they can raise rates even more…..which is pure wishful thinking, as with their debt levels that just can’t happen and that ignores the fact that the economy will crater and then they will be back to printing…which is all they know.

So this correction will just load Richard 640’s slingshot…..

Back in 2000

Posted by Midnight Gardener @ 15:30 on February 3, 2023  

When I first got into gold and silver, my “first year”, hit a couple good calls, portfolio was way up. I thought, this is the place to be….20+ years later, still waiting for another one of those years.

So Dines, then down the rabbit hole of gold, silver, money, currency, the creatures that run the world, then aliens etc. LOL

As I always have to tell myself, patience.

Today really stinks!  And I had such high hopes for an up day.

MG

Mr. Copper

Posted by Buygold @ 15:26 on February 3, 2023  

I hope you’re right, a short, sharp correction, two or three days max.

If this is the real deal bull rally, that’s what will happen.

SLV, GLD

Posted by Buygold @ 15:14 on February 3, 2023  

Moving down on heavy volume. Hoping the 50 dma holds on GLD, maybe just below it? SLV – Hoping the 200 dma holds there another buck or so down. HUI 220 wide open for a test now. HUI has been leading and needs to show some leadership and snap back first and maintain that uptrend with a higher low.

RSI’s 40 or below, an odd place for a selloff to begin.

Pretty brutal day. SLV has really gone sideways for the last two months, it’s a wonder the shares kept pushing higher. $24 is a huge line in the sand for someone I guess.

These selloffs always seem to go deeper and further than I ever expect.

Do shorts have to cover their shares in pm’s? Could use a little covering in the last half hour…

 

I Think The Thunder Storm Is Over

Posted by Mr.Copper @ 14:49 on February 3, 2023  

The News must have spooked those highly margined futures players into dumping all their long phantom gold silver contracts, afraid to go thru the weekend. There are probably other futures players with balls buying up the lower contracts.

Scum still with us and making a statement the last two days

Posted by Buygold @ 14:23 on February 3, 2023  

with all the rallying we’ve done, gold never had a $50 up day. Elevator down as usual.

They destroyed the charts which were so ridiculously bullish.

USD and rates screaming higher.

It’s still the Chinese New Year, no help there.

Where do we go from here?

Posted by ipso facto @ 14:01 on February 3, 2023  

Midnight Gardener re Dinesletter, Me? Since 1979

Posted by Mr.Copper @ 13:24 on February 3, 2023  

My friend and I got it because he got everyone into PMs first in the 1960s, and he was going to flash the MAVOOGAS, the much vaunted all out gold and silver sell signal. Unfortunately, he flashed it about a year or two, too late. He was good at getting people in early on great investments, but consistently too late, or never on selling calls.

I remember I got a mailgram in June 1982, to sell all inflation related assets and go into the Dow at 796. A perfect call, a 14 year Dow low. 21% rate peak. Dow under 1000 from ’68 to ’82. (as rates climbed 4% to 21% prime rate after dollar gold cut off) He also said, he never saw such a rare situation and recommended 30 year gov’t bonds paying 16.8%? for 30 years with no call back provision.

So from 1981 to 2000 and the Dollar up to 120? I think, they started a deflation in metals after 1981 until around 2000, Gold $800 ’80 peak to $250 ’01. I knew in 2000 that the USD was too high and they had to drop it. Steel and lumber was too cheap shutting businesses, and they put a tariff on them until the lower dollar raised the prices. Thats when I started getting back into mining stocks, 2000.

AS the Dot coms were busting in 2000, the miners started climbing. Then a recession, attracted the terrorists wanting to attack during a recession and the Fed lost control of all the metals after 9/11/01. And here we are today. $250/oz to $1,876 today.  A 10% annual straight line. $250,000 to $1,876,000 on a buy of 1000 ozs in 2021.

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

I dropped the Dinesletter after he died. I suspected somebody else was writing it. Or was training a son in law or something.

Midnight Gardener

Posted by ipso facto @ 13:00 on February 3, 2023  

It was Howard Ruff that got me interested in PMs. “The Ruff Times”

That was quite some time ago. We were supposed to fall apart then …

Dineisms…

Posted by Midnight Gardener @ 12:16 on February 3, 2023  

I once sent Dines a note wondering if he would put all those “isms” onto a poster. Would be a neat reference on the office wall.

I met him a couple times, very nice.

Not so sure about the firm that has taken over his client list, not a fan of how they put out information/recommendations. Going to let it expire.

Was a TDLer since 1999. He had some great calls and it was always a pleasure to read.

MG

 

deer79

Posted by ipso facto @ 12:13 on February 3, 2023  

LOL I’m sure looking forward to seeing that state of the union speech!

I’m sure it’ll be a masterpiece.

winedoc @ 16:31 You Forgot “Those who are first, always look wrong at first” Also “We always get, what we try to resist”

Posted by Mr.Copper @ 11:42 on February 3, 2023  

Mr. Copper

Posted by deer79 @ 11:39 on February 3, 2023  

Good points. And this all happens a week before Mr. Magoo has his State of the Union speech…..how convenient….

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