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

One would think

Posted by deer79 @ 10:29 on April 25, 2024  

that this bit of news would also help us in the metals arena. But “thinking” has proven to be a dangerous game in the pm world…..

The world’s largest global diversified miner, BHP Group, is making a monster bet on surging future copper demand with the proposed takeover of Anglo American Plc. The bet is based on the thesis that the world’s power grids need a major overhaul and that the electrification of the economy will unleash new demand for base metals. This also comes as market observers have warned about an impending shortfall of global copper mining supply.

According to Bloomberg, BHP proposed an all-share deal valued at £31.1 billion ($38.9 billion). The transaction depends on Anglo spinning off its South African iron ore and platinum businesses to its shareholders. The offer is conditional and non-binding at £25.08 a share, or about a 14% premium to Anglo’s closing share price on Wednesday.

Buygold

Posted by goldielocks @ 9:50 on April 25, 2024  

Well they’re not gonna cut because of a soft landing lol There gonna have to play damage control from Bidenomics.

PMs have held pretty well. The shell stocks and why it’s better not to have them very long if at all may not hold up as well.

GDP was ugly

Posted by Buygold @ 9:36 on April 25, 2024  

Yet rates are soaring, 10 year heading back towards 5%
Dollar up a little.

SM needs a bailout. The big money is going to dismantle these tech giants one at a time. Meta goes first.
We should be soaring, but instead we get the usual.

The Fed will have to cut, but they shouldn’t.

GDP is not good

Posted by goldielocks @ 9:31 on April 25, 2024  

Looks like initially the market is gonna pull down everything with it except maybe the dollar I haven’t the checked. I’m out so don’t need to know right now.

Scum arrived on cue

Posted by adogsbody @ 9:28 on April 25, 2024  

What a take down!

Dog

Bea

Posted by goldielocks @ 9:24 on April 25, 2024  

Gdp

https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-advance-estimate

Posted by ipso facto @ 9:21 on April 25, 2024  

been that way a long time…

Posted by treefrog @ 9:09 on April 25, 2024  

Image

Firming up

Posted by Buygold @ 8:53 on April 25, 2024  

Enough with these $10-20 up days

I want to see the $50 C-wave rallies. 👏😎

edit: and here they come, they are relentless. Aladdin programmed to keep pm’s at bay – at all cost

GDP numbers out

Posted by Buygold @ 8:37 on April 25, 2024  

Don’t seem to be unfavorable to pm’s just yet, although the scum is all over the metals and keeps trying to drop the bid.

Whatever the number was, it appears the SM hates it, as the futures took another leg down.

Here we are faced with the same old dilemma, can we decouple from the SM? Not sure we’re there just yet. The scum just keeps grinding.

Posted by ipso facto @ 8:27 on April 25, 2024  

Founders Metals Engages Blue Coast Research for Preliminary Metallurgical Test Work

https://ceo.ca/@newsfile/founders-metals-engages-blue-coast-research-for-preliminary

Orezone Intersects 18.41 g/t Gold Over 8.00m and 22.17 g/t Gold Over 4.00m in Ongoing Exploration

https://ceo.ca/@globenewswire/orezone-intersects-1841-gt-gold-over-800m-and-2217

Plato Gold Reports on 2023 Year-End Results

https://ceo.ca/@globenewswire/plato-gold-reports-on-2023-year-end-results

AngloGold Ashanti Files Its 2023 Annual Report on Form 20-F and Amended Half-Year 2023 Form 6-K With the SEC

https://ceo.ca/@businesswire/anglogold-ashanti-files-its-2023-annual-report-on-form

Radius Gold provides update on drilling at Motagua Norte property, Guatemala

https://ceo.ca/@thenewswire/radius-gold-provides-update-on-drilling-at-motagua

OceanaGold Announces IPO Pricing For 20% Interest in OGPI

https://ceo.ca/@newswire/oceanagold-announces-ipo-pricing-for-20-interest-in

Volcanic Gold provides update on drilling at Motagua Norte property, Guatemala

https://ceo.ca/@thenewswire/volcanic-gold-provides-update-on-drilling-at-motagua

LUNDIN GOLD TO BUY OUT 100% OF STREAM FACILITY TO BECOME DEBT FREE

https://ceo.ca/@newswire/lundin-gold-to-buy-out-100-of-stream-facility-to-become

Newmont Reports First Quarter 2024 Results

https://ceo.ca/@businesswire/newmont-reports-first-quarter-2024-results

Xali Gold Announces a Modification to Deal Terms for SDA Plant in Mexico

https://ceo.ca/@globenewswire/xali-gold-announces-a-modification-to-deal-terms-for

Newcore Gold Announces Positive Updated Preliminary Economic Assessment for the Enchi Gold Project, Ghana

https://ceo.ca/@globenewswire/newcore-gold-announces-positive-updated-preliminary-fc644

Snowline Gold Consolidates 100% of Its Einarson Project and Acquires Adjacent Gold Target With Historical Drill Result of 9.7 Grams per Tonne Gold Over 38.7 M

https://ceo.ca/@accesswire/snowline-gold-consolidates-100-of-its-einarson-project

Galantas Report Annual Financial Results for the Year Ended December 31, 2023

https://ceo.ca/@globenewswire/galantas-report-annual-financial-results-for-the-year-1aa3c

Aurania Announces Increase in Size of Debt Settlement to C$2.07 Million

https://ceo.ca/@newsfile/aurania-announces-increase-in-size-of-debt-settlement

Artemis Gold Provides Q1 Update on Blackwater Mine Construction Progress

https://ceo.ca/@newswire/artemis-gold-provides-q1-update-on-blackwater-mine

Alamos Gold Reports First Quarter 2024 Results

https://ceo.ca/@globenewswire/alamos-gold-reports-first-quarter-2024-results

Thunder Gold Provides Update on Tower Mountain Gold Property and Announces Option Grant

https://ceo.ca/@newsfile/thunder-gold-provides-update-on-tower-mountain-gold

O2Gold Upsizes Private Placement and Provides Update on Quebec Aur Transaction

https://ceo.ca/@globenewswire/o2gold-upsizes-private-placement-and-provides-update

Equinox Gold First Quarter 2024 Financial Results, Annual Meeting and Corporate Update

https://ceo.ca/@newsfile/equinox-gold-first-quarter-2024-financial-results

CopAur Minerals Receives $1,000,000 in Cash and Three Million Shares of Omega Pacific Minerals Inc.

https://ceo.ca/@newsfile/copaur-minerals-receives-1000000-in-cash-and-three

Centurion Identifies High Quality Gold Target-Casa Berardi West Project; Acquires Additional Claims

https://ceo.ca/@newsfile/centurion-identifies-high-quality-gold-target-casa

Silver Mountain Announces Closing of Prospectus Offering

https://ceo.ca/@newswire/silver-mountain-announces-closing-of-prospectus-offering

Adamera Receives BLM Approval to Drill Multiple Targets on Buckhorn 2.0 Gold Project

https://ceo.ca/@thenewswire/adamera-receives-blm-approval-to-drill-multiple-targets

NEM blows away earnings estimates – stock up 5% premarket (edit: now 3.6%)

Posted by Buygold @ 7:56 on April 25, 2024  

Hopefully this is just the beginning for the shares.

Newmont Q1 2024 Adj EPS $0.55 Beats $0.36 Estimate, Sales $4.023B Beat $3.670B Estimate

7:08 am ET April 25, 2024 (Benzinga) Print
Newmont (NYSE:NEM) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.36 by 52.78 percent. The company reported quarterly sales of $4.023 billion which beat the analyst consensus estimate of $3.670 billion by 9.62 percent. This is a 50.17 percent increase over sales of $2.679 billion the same period last year.

Have to go against the grain today

Posted by Buygold @ 6:08 on April 25, 2024  

We’re up a little but the SM looks to give up some ground today after META earnings disappointed. It seemed the SM was a little shaky yesterday as well, it feels like the path of least resistance is down for now.

The question for us is always whether the pm sector can withstand a sliding SM. So far, so good, as far as April goes, but we’ll have to see if that continues when the SM finally falls apart in earnest. If it ever does.

Dollar a little weaker, rates flat, Bitcoin down 1/2%, still $60K+ overvalued. 🙂

The day when pm’s start to suck up a little of that stock and bond market cash will be glorious. 🙂

There’s some eco data that could be a potential landmine, GDP jumps out at me.

Gold Train

Posted by Maya @ 23:08 on April 24, 2024  

Railroad brass riding their gold train
https://railpictures.net/photo/840173/

 

US debt to make Fed irrelevant, drive hard assets higher.

Posted by goldielocks @ 19:20 on April 24, 2024  

Markets starting to see it. Central banks don’t by miners so lagging, future good opportunity. Yield curve still deepening. Commodity rich smaller economy’s in country’s called emerging markets if you can watch the politics as far as risk. America’s going out of Vogue we know why. People getting multi passports some relinquishing their American citizenship to (more…)

Chinese Have “Grabbed Gold By The Throat” As Capital Flight Accelerates

Posted by Maddog @ 18:38 on April 24, 2024  

https://www.zerohedge.com/commodities/chinese-have-grabbed-gold-throat-capital-flight-accelerates

Gerald Celente

Posted by goldielocks @ 18:34 on April 24, 2024  

Everythings cooled down, Congress gave our money away again,  mid east conflict with Iran is over so gold went down. Nothing to see here.

 

Tic TOC

Posted by goldielocks @ 17:54 on April 24, 2024  

Are they worried about China getting data as the reason they want it controlled by a American company or do they want to censor it like they did to other social media sites and collect the data themselves. Is it out of the fire into the frying pan?

Buygold

Posted by goldielocks @ 17:00 on April 24, 2024  

Trump doesn’t have to many choices with his picks. There’s only a few.  They’re recycled same old same old. That would be okay in the absence of corruption and if things were okay or stable but corruption has infiltrated is everywhere. It certainly opened our eyes just how bad it was as well as when I ummer was helping mobilizing them against America.

What our biggest problem is, is us. Trump can’t do everything but did a lot that was in his power anyways despite the conspiracy’s against him even in office. The scum behind the scenes didn’t hold bunch confidence with the rest of the world anything he did was going to last. Like the constitution, borders or economy. What makes me think we’re going to have to crash and burn or great civil unrest taking the law into our own hands throw these corrupt to the curb. Get control of our money back from these crooks and take our country back.

As it is now people just sit around waiting for someone like Trump’s to do everything for them, people take the credit for any good he did and blame him for any bad that happened that was supposed to be them watching and out of his control or power THEY should of been doing something about and or electing mayors and governors like sanctuary city’s,  crime, state taxes driving business out,  Covid lock downs. Useless

Now maybe I’ll check entry points for trannies. Actually commercial air went down hill since 911 adding more taxes and then covid drove off a lot of good workers and equity hiring in skilled areas made it worse.

Richard

Posted by goldielocks @ 16:26 on April 24, 2024  

Tranny’s,  that’s strange. Quick check, see if it changed the climate.

Doth my eyes deceive me Jack Falstaff-?

Posted by Richard640 @ 15:27 on April 24, 2024  
Huh? Trannies down 393…at 3:22pm
 

https://finance.yahoo.com/quote/%5EDJT?ltr=1

NEM getting a little notice

Posted by Buygold @ 13:44 on April 24, 2024  

Will there be any interest in the pm sector now?

Always wary of the sideways action though…

seems the scum are back in town and selling all bull break outs, back down ..to fail them….

Posted by Maddog @ 11:58 on April 24, 2024  

44%!

Posted by ipso facto @ 9:22 on April 24, 2024  

Importing Muslims into your country is national suicide.

Posted by ipso facto @ 9:15 on April 24, 2024  

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