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

Turn off all non essential power, we at risk for power out.

My daughter is borrowing my car to take people places. Tomorrow it’s a retired correctional officer to a doctor apt. She’s about my age can’t take this heat. People talk about having cheap cars on purpose never figured on this. I’m the only one with air conditioning.

She’s pretty sick right now. The only one I remember who lived close to her was Farmboy.

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated October 15, 2021, to its short form base shelf prospectus dated September 10, 2021.

TSX: GPR | NYSE American: GPL

VANCOUVER, BC, Sept. 6, 2022 /PRNewswire/ – Great Panther Mining Limited (TSX:GPR) (NYSE-A:GPL) (“Great Panther” or the “Company”), reports that, with the authorization and approval of its Board of Directors, it has determined to file a notice of intention to make a proposal (the “NOI”) under the Bankruptcy and Insolvency Act (Canada) (the “BIA”) today, which will provide creditor protection while the Company seeks to restructure its affairs.

https://finance.yahoo.com/news/great-panther-file-notice-intention-110500411.html

Fixing the gold price. Aren’t banks already fixing the prices? What about calls for delivery in gold back stable coin? Seems like we’ve been down that road before.
Will physical be used as currency or is it another digital price fixing?
Places like the people of India understands the value of gold better than the average person in the US. But even then I remember something not too long ago they froze their gold buying even though it’s customary for weddings.
Price valuation is one thing but price fixing? They’re already price fixing here anyways.

All good information to have. Thanks for sharing.

Makes me think that this is definitely part of the reason why the Cartel is keeping its “ foot on the neck” of Gold..

Another thought; even if this MWS alternative is successfully created, people like us probably wouldn’t be able to use it because we’re not a member nation and in all likelihood, would never be allowed to be.

Just wondering where that may leave us….

The globalist bankers are not going to like this. 

No wonder they hate Putin so much.

[snip] ….  “according to the Russian Finance Ministry, “the basis of this new structure will be a new, specialized international precious metals brokerage headquartered in Moscow, which will rely on the MWS.”

The MWS will assemble a committee. This committee will include central banks and the most influential banks throughout the Eurasian Economic Union. Russia, Belarus, Armenia, Kazakhstan, and Kyrgystan are the current members of the Eurasian Economic Union.

These folks would then fix precious metals prices to national currencies from member countries or to a new monetary unit for international trade, such as the newly proposed BRICS currency.

Vlad believes that a new currency based on commodities will positively benefit member nations (we discussed this in our special report). Now, realise that if you are to fix the metals prices to the national currencies, you can’t inflate without producing more of the particular metal.

Also, the Russian Finance Ministry wants to create a system that will attract other countries like India, China, Peru, Venezuela, and others in both South America and Africa.

[snip] ….

India just joined in the fight against the LBMA.

India recently initiated the country’s first international bullion exchange (IIBX).

The IIBX will be located in the new central business district. The district is called Gujarat International Finance Tec-City (Gift City) in Ahmedabad. Accordingly, Ahmedabad is the most populous city in the Indian state of Gujarat. The development marks India’s first greenfield smart city, which blends eco-friendly elements and highly developed infrastructure.

Indian Prime Minister Modi’s objective with this exchange is to “empower India to gain its rightful place in the global bullion market and serve the global value chain with integrity and quality”. As the world’s second-largest market for gold, India has much to gain from this development.

PM Modi also believes that the IIBX will also allow India to influence the international bullion market’s prices and become competitive with COMEX and LBMA.

The IIBX has also launched a new initiative called the NSE IFSC-SGX Connect, which will process all Nifty orders placed on the Singapore Exchange Limited (SGX).

From <https://www.zerohedge.com/news/2022-09-06/london-metal-exchange-suspends-russian-nickel>

Sokoman Reports the Thickest High-Grade Drill Results from the Lower Eastern Trend to Date: Moosehead Gold Project, Central Newfoundland

https://finance.yahoo.com/news/sokoman-reports-thickest-high-grade-161000128.html

Chart

https://schrts.co/NRnrQwdN

Thar’s gold in them thar watermelons!

Yeah at least we’re not getting slaughtered in the shares. We’ll see what the close brings.

Cheers

is it easier to grow watermelons or find almost two oz. of silver?

I feel like we’re lucky not to be getting crushed yet today. 10 yr. is soaring, USD still strong.

NEM has been up all day, hopefully a good sign…

https://twitter.com/WallStreetSilv/status/1566992086011809792

HUGE!

Energy markets clearly broken

‘MARGIN CALLS IN EUROPE EX BRITAIN ESTIMATED AT MORE THAN 1.5 TRILLION EUROS, SQUEEZING MARKET LIQUIDITY – EQUINOR SENIOR EXECUTIVE’

Only CB’s can solve this ‘short squeeze’ problem imho https://t.co/0QTPMmg7Nd

— Willem Middelkoop (@wmiddelkoop) September 6, 2022

Colombia’s State Council, which is the supreme tribunal with jurisdiction over administrative issues, ruled that the national government and the National Mining Agency (ANM) must “correct the deficit in environmental protection that is evidenced in the mining-environmental regulation when it comes to the granting of mining titles.”

Mining title applications in Colombia to include stricter environmental considerations

It’s supposed to get to 115F today. In a hour in a half 8 am our time it’s going to be 81F already. The lines had grown for EV charging centers the past few days knowing what’s coming.

Eric Sprott Announces Holdings in Freegold Ventures Limited

https://finance.yahoo.com/news/eric-sprott-announces-holdings-freegold-152700891.html

Barrick (GOLD) to Divest Royalty Portfolio to Maverix Metals

https://finance.yahoo.com/news/barrick-gold-divest-royalty-portfolio-114611675.html

McEwen Copper Options Elder Creek Project to Rio Tinto

https://finance.yahoo.com/news/mcewen-copper-options-elder-creek-100000830.html

Perpetua Resources Announces Stibnite Gold Project Moves Toward Public Review

https://finance.yahoo.com/news/perpetua-resources-announces-stibnite-gold-100000354.html

Banyan Intersects 1.07 G/T Gold Over 45 Metres at Powerline Deposit, Aurmac Property, Yukon

https://finance.yahoo.com/news/banyan-intersects-1-07-g-100000850.html

Expansion Drilling at the SW Pit Intersects 64.9 g/t Au and 87.72 g/t Ag over 2.00m (Estimated True Width) 50m From Surface

https://finance.yahoo.com/news/expansion-drilling-sw-pit-intersects-110000788.html

Endurance Reports Five Additional Gold Drill Intersections – Steep Dipping Eagle Feeder Structure Confirmed with 7.58 gpt Gold over 11.9 m

https://finance.yahoo.com/news/endurance-reports-five-additional-gold-111000428.html

Aztec Completes First 7 Holes of Phase 3 Core Drilling Program at its 100%-owned Cervantes Project in Sonora, Mexico and Appoints new Director

https://finance.yahoo.com/news/aztec-completes-first-7-holes-113000996.html

Skeena Announces Multiple 21A West Zone Expansions at Eskay Creek Including 48.48 g/t AuEq over 12.12 metres

https://finance.yahoo.com/news/skeena-announces-multiple-21a-west-113000305.html

Benz Successfully Completes C$12 Million Brokered Private Placement

https://finance.yahoo.com/news/benz-successfully-completes-c-12-124400191.html

Baru Gold Provides Update on Appeal Filed Against Ministry of Energy and Mineral Resources in Indonesia

https://ceo.ca/@thenewswire/baru-gold-provides-update-on-appeal-filed-against-ministry

Sixty North Gold Defines a Large IOCG Target on the Mon Property

https://ceo.ca/@newsfile/sixty-north-gold-defines-a-large-iocg-target-on-the

Galore Resources Provides an Update on Drill Program

https://ceo.ca/@accesswire/galore-resources-provides-an-update-on-drill-program

TNR Gold Update – NSR Royalty on McEwen Mining’s Los Azules Copper, Gold and Silver Project

https://ceo.ca/@newsfile/tnr-gold-update-nsr-royalty-on-mcewen-minings-los-38c5b

Metallica Metals Files NI 43-101 Technical Report and Earns 100% Interest in the Starr Gold-Silver Project

https://ceo.ca/@newsfile/metallica-metals-files-ni-43-101-technical-report-and

Hilo Mining Ltd. Provides Update on Champ Property

https://ceo.ca/@newsfile/hilo-mining-ltd-provides-update-on-champ-property

Trailbreaker Resources Identifies 850 x 700 Metre Au-Cu-Ag-Mo Anomaly at Eagle Lake Property, South-Central BC

https://ceo.ca/@globenewswire/trailbreaker-resources-identifies-850-x-700-metre-au-cu-ag-mo

It’s still fiat. Maybe not the stocks right now but I’m going to keep buying when I can.

No matter what bounces we’re getting and now matter how Powell wants to reimagine it we’re in a recession. Unless someone can see something I can’t only stopping the tightening and rate hikes will the market recover. But then if it does what about inflation Demos going hog wild on.

Notice how the Feds keep watching unemployment numbers? He won’t figure inflation is under control until the unemployment numbers are up and that never counts real unemployment numbers when people dropped out or retired.

He wants people to lose their jobs. People lose their jobs if businesses are having trouble and can no longer afford them which can cause a domino effect because the jobless can’t spend money. Any debt they have with a recession they’ll want get out of even if downsizing or selling.

Then you got open borders. They don’t just want people to lose their jobs they want them to get PAID LESS and probably why there diluting with more people or increasing the number looking for jobs driving wages down because they equate higher wages as inflationary.
Never mind the housing costs people can’t afford now. Never mind they want them to get paid less AND raise taxes.

Never mind higher wages didn’t cause the inflation the government printing press did. Trump improving the economy lowering taxes inviting higher wages without having to raise prices didn’t cause inflation.
But they don’t want to go that way. They want us to pay for it by raising taxes abd thus the extra IRS workers.
Housing doesn’t work as fast. Can’t buy and sell it as easy in a recession. It could keep heading down for years.

Nevertheless for now anyways that will be a interesting phenomenon, higher mortgage or rental costs, lower wages. Then the energy prices, a side line of the greenies. There gonna battle heat waves or winter temperatures with power outs or exploiting prices with cutbacks.

All we can do is watch the fed and the unemployment rates.

Probably going to be too much for pm’s to bear.

You’re adding UVXY today because this rally we’re getting this am you thought would happen?

USD down a bit, rates up around 4 bits.

Silver giving us a break early. I thought there was the CPI and PPI this week, but it happens next week.

Maybe a week with little or no news would be good for awhile. Apparently though, Powell speaks twice this week. He’ll sound hawkish but he’s nervous.

Wise card for currency transactions. You can move your money from your bank on this pre paid card. This avoids bank foreign exchange fees and better exchange rates and can use it as a debt card for making transactions while traveling or even sending money back home. This would of been great to have before the Euro.
Somethings going on with the Euro though because they’re limiting the amount you can put on the card without fees but more than enough for travelers or expats. Or Trudeau freeze.

I’m wondering if you move it to a different currency like out of the Euro while it’s falling to the dollar and moved it back if you’d get more Euros and when Dollar goes would you save the value by holding it in another currency during the fall.
This would of came in handy with some bank failures during the 08 crash instead of having to wait to get your money back or in case they didn’t pay it all back like they did in some country’s with bail ins. That could of saved some businesses.

The Potomac Eagle
https://railpictures.net/photo/800160/

I wasn’t far off with the zombie drink,
https://nypost.com/2022/09/03/top-doj-lawyer-is-ex-partner-of-hunter-bidens-attorney/amp/

That one looks to be accumulating slowly building momo.
I sold a tiny bit of a short to buy something else actually long and never seen a sale of that short or anything so fast before. It was like I was on level 1. Boom sold.

to S&P 4050 or so, that was Master Wu’s call–I am looking to add to my 20,000 UVXY

Definitely could go either way. As you said, a squeeze will come hard and fast.

Just hope gold goes up regardless.

There is some inflation data coming this week. CPI and PPI I think. If the inflation numbers continue to fall then you’ll get your rally.