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

Ipso – NY comes up with some of the biggest idiots available to be their politicians, CA. is a very close second, IL. third?

Maddog – I’ll hold out for the island. 🙂 We’re already coming back tonight! LOL until Shanghai drops their prices to meet the Crimex paper price. As for Germany, they are already done, same with France. Macron said yesterday that the world was isolating the US and Israel. NATO isn’t going to join this one, so NATO is probably done pretty soon too.

ferret – well, it looks like this may finally be the beginning of crunch time for the SM – or rather crush time. Unfortunately, everything pm always gets trashed with it, at least at the beginning, so another $500 down isn’t a stretch at all IMHO. Just hoping they don’t take silver down to $50.

I think eventually we’re going to see an explosion in our metals, but I’m not sure what things look like in the country/world.

I dunno folks. I’m listening to Matt Bracken from enemiesforeignanddomestic.com on Alex Jones talking about this conflict. If I can post later I will, but according to him: This is already an ugly quagmire that is going to get a lot worse, not only for us, but for the world, and the US and Israel will be blamed. Supply chains haven’t even begun to break, there’s going to be a worldwide depression. Trump is being misled.

It’s enough to make me start drinking again…..well probably not. 🙂

We had a chance to really strengthen the U.S. and get the economy and manufacturing going, the new “Golden Era” as Trump put it.

As I keep explaining to Mrs. F. nothing has changed as to why we have the stuff. The price (in AUD) is still above the 1st February close. What has changed is the FUDD arising through the oil/war events, causing sell-offs all round including those newcomers (envision queues of people, not institutions or CBs, lining up to buy phizz, dealers running out, commissions of 20%) to the metals who were caught up in the huge rise in prices since January 1st. Now they are experiencing high volatility which they can’t take, so are dumping in panic. Gold in USD:

1st Jan $4,326

1st Feb $4,884

Now  $4,818

1st Jan 2024 $2,063

So even if it loses another $500 by the end of March, we’ll be back to where we started at the beginning of the year. There have been many instances over the last thirty years when a quarter during which the price wasn’t up overall was a good quarter!

Based Jessica
@RealJessica
·
3h
New York Gov Kathy Hochul is begging wealthy people who have moved to Florida and Texas to come back to New York and pay taxes. 🤣

“I need people who are high net worth to support the generous social programs that we want to have in our state. Now, there are some patriotic millionaires who stepped up. OK, cut me the checks if you want to be supportive, but maybe the first step should be go down to Palm Beach and see who you can bring back home.”

https://x.com/RealJessica/status/2034310185506771118

Amazing! Is German society going to survive? It seems few are fighting the suicidal idiocy!

GoldSilver HQ
@GoldSilverHQ
🥈Purest Silver-Focused Producers

Ranked by % of Revenue from Silver

(2026 guidance or latest available 2025 full-year actuals)

https://x.com/GoldSilverHQ/status/2032904848962891847

Iraqi suspect freed after Iran-motivated shooting at apartment in Aachen, deportation order denied because no evidence he will commit further offenses

I think yr stuck with Japan……still after a few years you can buy a Caribbean Island !!!

When the 80’s mkt topped, we just went straight down…..this mkt hasn’t …

According to the dollar index chart, it looks like 100 is resistance.

https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w

Aren’t we collapsing now?

Funny thing about this is that still at these levels, the miners will have good earnings.

I guess every pullback in the miners is a collapse. Ridiculous beatings these things take.

Kona Low big storm winds took out 111 power poles on the Big Island.  I was without power for three days, and internet down until last night.  Generator got a workout and the whole storm was an exercise in ‘prep-ology’.  But I survived.

Thanks

Dog

Silverton yard
https://www.railpictures.net/photo/894508/

Yr problem looking for support in a parabolic rise, is that there is little obvious support……going back in time we have the Old Hi’s from 2011 @ 600 and that co-oincides with a 50 % pull back of the recent rise…..

That said parabolic rises rarely do 50 % pull backs…or not ones that last very long……

Big picture as long as we hold @ 5000….then this mkt can run far further, as if it was all over it would be collapsing in a heap now.

Lookin’ good in Yen eh?

I’m still looking for the mother of all comebacks today! 🤣🤫

Shouldn’t the dollar be stronger today. I mean, after all, the Fed is going to have to raise rates soon to combat the inflation.

I think Japan is a little too cold for me. Can’t you find me somewhere else? 😉

Everybody knows, high wages cause inflation, and the United Auto workers are ruining the country with their high wages. If you believe that I’ll tell you another one. lol

Actually that’s what the BS Media was saying in the 1970s, after they removed the gold backing on US Dollars coming back here from Europe.

Yes looks good … with the Fed not expected to move today … and the new guy in May an unknown … it’s not a stretch to speculate most traders will hold back a few more weeks … bringing prices down further … especially if the rest of the equity complex buckles due to the same realization.

With the gold stock to gold ratios currently at their respective 200-day MAs … vexing below would likely serve as good accumulation areas.

The stock market looks like it’s starting to wake up to this set-up.

It’s amazing how delusional these people are … you would think with all that’s going on … including contracting liquidity … they would be a little more cautious.

Chuckle

HUI down 20+% at 760 as I type .Stocks will bottom first I believe.

Where is a supportable bottom in your eyes?

Dog

Thanks for the Port of Yanbu info!

Looks v much like we are in 3rd down of C down in PM’s…… Silver shows it well.

Check Gold in Yen…looks like u need to learn Japanese.

From my chart Guru…..

$4400

I hope not but he seems to call it right most of the time….

Dog

Major Escalation: Iran Vows To Strike Energy Infrastructure “Previously Thought Safe” After South Pars Attack

https://www.zerohedge.com/energy/gulf-energy-reroute-iraq-restarts-ceyhan-pipeline-exports-iran-pushes-new-hormuz-transit

NOTHING has changed as far as structural imbalances, massive deficits, shortages of the metals etc…. The scum are pushing the PERCEPTION that things have changed, and that Gold and Silver are in no way a safe haven asset! We’ve seen this playbook countless times!

Yes, short term pain. But I firmly believe that we go a lot higher from here…… FWIW.

If the PM shares do have a tendency to lead the metals, I’ll be watching to see if the shares start to wash out here, recalibrate, and hopefully start to recover. WASH, RINSE, REPEAT! I feel like we’ve all seen this movie a thousand times before!

No cut for you! Besides, we all know that inflation is bad for gold. I mean, after all, we just spent the last couple of years going up with inflation. OTOH, maybe we went up because Trump was elected and they thought he would tame inflation?

I don’t know, just so confusing to own pm’s. Normally I would like this action before a Fed announcement and would hope for a reversal after the announcement. But now that inflation is a factor, then I guess we’re screwed.

So now we have high inflation with slowing growth, which in the old days they would call stagflation. At a billion a day for the war, I’d think the Fed would have to start making some computer entry money to fund it. Someone will tell us that doesn’t matter though, the only thing that matters is whether the dollar and rates go up because of high inflation.

But wouldn’t computer entry money be even more inflationary and therefore weaken the dollar you ask?

Nope, the only thing that matters to pm’s is whether the dollar goes up and rates go down. High inflation = strong dollar. I must be stupid, stupid, stupid.

OTOH, you know who is more stupid than me? The president of the United States, because he started a war that is going to destroy everything he spent working on economically for the last year.

I suppose could take my gold to another country whose currency is falling against the dollar and gold and start buying some assets. I bet Mexico is getting cheaper these days! 🙂