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

Gold popped for $10 in the last couple of minutes, busting right thru $1920

Silver now up 1.4%

A beautiful thing… 🙂

We don’t day trade such stox….but as Redneckokkie2 says it has a picture perfect Cup and Handle…..with Volume confirmation….plus it needs a good rally to bring the Divi down, to sane levels…..

Looks like Credit Suisse will be the first Euro bank and likely the next earthquake.

Just saw the 10 yr. down 15 bips! The 2 yr is down 20 bips! Nice tailwind for us, we’ll need it today. OTOH, the USD is up almost 1%, following the bid in bonds. Let’s hope rates win out.

PPI coming out in an hour. It should move markets.

Oil now giving up the goose, down almost 2%, testing the $70 mark.

Here is the COT Report from Feb. 28th, still 3 weeks behind. A little more action in this report.

CFTC Commitments of Traders Report – CMX (Futures Only)

Apparently, in addition to making stupid investments, it appears that they were home to a vast network of Democratic donors. They also contributed millions to BLM and affiliated groups. That means they have been a source of funding for Antifa. It takes a lot of money to organize groups like that with paid agitators.

Democrats have been waging war against the American people and taxing us for the priviledge to do it!

SM continues to fall – down 500 pts., Europe is ugly across the board. When I got up DOW futures were down 300, now down 540 and falling. Commodities are mixed, copper is down almost 3%

Gotta think there’s more rot beneath the surface and the SM is reflecting it. If this is a crash, and we can maintain or gain a bit during the day, we’re in good shape.

I actually slept better last night for the first time in a while.

So, we’re up a little this morning. Impressive considering the USD is up .40% and the SM futures are ugly and falling.

PM shares dipping with the SM in the premarket, although nothing too scary. Haven’t see rates but I imagine they are up a little as well.

Looks like a pretty good setup to me.

Six big streamliners, all in a row
https://railpictures.net/photo/809851/

No worries… the gold is all there.    Or… is it tungsten?

BofA continues buying gold on the March contract, now at 2.7 tonne, even though gold prices have increased sharply. That’s some conviction … for a bank.

Reddit's site is down, so look later at:https://t.co/ZbmnxFPmuq pic.twitter.com/JXyiKhUIlx

— Michael Lynch (@DtDS_WSS) March 14, 2023

I’m glad I didn’t sell any this time but I know people buy or pump for the divi so holders may sell a few shares into it then it goes back down they buy it back. It’s like a collective play at the card table of unspoken words. This news came out yeah but usually goes back down way before the ex date and they buy back. I expected this divi would be a little more but it’s surprised at current prices. I’m glad your happy but this is no time to be pumping the stock. That fall before the news was saying shut up lol Tell them after and they’ll still have time and if not another time. When it was not moving is when they should have got in. Despite the pattern it’s formed.
Tell your wife she’s more than welcome and hope it lasts generations if they don’t try to day trade it lol

ZIM has a picture perfect cup-and-handle bottom on the chart. It should be good for some upside movement.

I have been busy building a new house and shop. I hope to start processing medical marijuana this summer. I’m keeping my funds risk free (mostly) until I get the house finished and processing is flowing cash again.

I’m approaching 75 years old. You would think I would know better!

Good to see u posting again…..

We’ve found a new super stock…ZIM…it trades happily 10 % per day…on Monday it was up 24 % at one stage…ended up near 7%..today up 10 %…but it did drop 24 % recently….and pays a divi of @ 50 %……!!!!!

Re GPL…r u sure as it still has a web site and trades on the pink sheets as GPLDF……..how do I know it is GPL…it was DOWN nearly 17 % today…only GPL can do that while all other PM stox soar!!!!

https://www.greatpanther.com/investors/stock-information/

Insurance companies have similar reserve requirements as banks. They are now holding underwater bonds to pay future claims. Tornado season is coming up soon. Higher than normal catastrophic losses would severely reduce the capacity of those companies to exist.

Long term bonds have fallen over 20% in value. If those companies had to mark their reserves to market value, they would have to severely reduce their exposure (not renew policies).

Property an casualty companies may be the short of a lifetime soon.

On another note, keep stacking the phiz. The moronathon in Washington DC may be approaching the finish line. The idiots have been exposed!

https://palexander.substack.com/p/large-airliner-with-hundreds-on-board?publication_id=579356&post_id=108231872&isFreemail=false

Silicon Valley Bank Was a Wall Street IPO Pipeline in Drag as a Federally-Insured Bank; FHLB of San Francisco Was Quietly Bailing It Out

The Governor was also bailed out.!

Anyone have any thoughts on what’s going on with oil?

Is it a demand story?

Bitcoin was up $2K earlier in the day, now up $500. Once again it proves that Bitcoin is too volatile to be a currency.

I think we have just seen the FDIC bail out the ‘wokies’ first , and then will tell the rest of us that the funds are depleted when the cascade of failures hits our formerly better-positioned banks .

CEO’s do need more skin in the game . That applies , too , to management of our PM mining stocks .

All these manufactured crises have always been about one thing, consolidating these banks into fewer and fewer hands. 2008 was highly successful for them.

Flat day to absorb yesterday’s gains. I’m betting a good pop tomorrow after the PPI comes out.

Who knows? Maybe there’ll be another bank meltdown by then.

Russian fighter jet intercepts, dumps fuel on and then collides with $32M American Reaper drone operating within international airspace – sending it crashing into Black Sea

https://www.dailymail.co.uk/news/article-11859443/Russian-fighter-jet-CRASHES-Reaper-drone-Black-Sea.html

Good idea!

If you look at the chain of events one might think the plan is to shut down small banks.   Of course SVB was a tinderbox that only needed a match.  That causes a panic for those businesses using small banks so they withdraw sums.  Then you tax these small banks to also pressure them.

aurum

needs to have some risk ,just like depositors .They should be held legally libel for bank losses .Some skin in the game to go along with their bonuses and paychecks ….They make decisions with other peoples money ,theirs should be included .

You guys remember that dog? GPL had a reverse split in July. I had some long ago and it just kept dropping, to about .07 cents/sh. Went bankrupt and next thing I know it had a new ticker. ORLA. And the dumb thing is up 80% from the July low, $2.40 to $4.40 today.

https://finviz.com/quote.ashx?t=ORLA&ty=c&ta=1&p=d