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

“seems like they are feeling the pressure right now.”

I agree it’s the US, but I also read an article, not sure if Maddog posted it or not, but it’s also the LBMA that is highly leveraged in the silver market. I think to ridiculous levels vs. the physical storage.

These guys can beat us to death, but they have a much bigger problem when governments are buying physical. Sure seems like they are feeling the pressure right now.

Dollar strong, rates up 9 bips, SM down, Bitcoin down $2K.

They haven’t fully reversed us since $2400. Flat today would be a win

Yep it’s probably the ole USA indirectly or at minimum they are backstopping the banks with their printing press. I think the banks will pay off their positions in crimex in paper eventually.

As always we have no idea who is the ‘actual’ short, as the 5 banks could all have customers…….all of whom have the same address….C/O Powell ,33 Liberty st , NY NY…..

and therefore will never cover……but as Buygold say..the real amount they are short is way, way beyond that articles numbers,…but as u say still good to see it being talked about.

because thieves on Wall St work hard and clean clocks. But I do like climbing the wall of worry.

Do we slap them upside the head again? Or do we succumb to the pressure?

They badly need to stop this right now.

Battle stations ?

VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce a plan to raise approximately C$40 million in funding to advance the development of the Premier Northern Lights mine (“PNL”), restart the mill and restart the Big Missouri mine (“BM”) from the current state of temporary care & maintenance.

https://finance.yahoo.com/news/ascot-provides-funding-future-mine-115000421.html

I was semi joking about Gamestop…..but Au is being moved by the Phys buying by the likes of the Chinese and Indians……and now it looks like they have woken up to Silver……helped by the Russkies…..

https://x.com/i/status/1848148243156549707

“Believe it or not, but a Dutch bank flagged a payment for new sails for my yacht because the boat nane is Liberty… The world is going crazy.”

https://x.com/marcvanderchijs/status/1848301256407732475

That’s interesting that MSN would talk about the silver squeeze and the trouble that these giant banks are in with their humongous short positions. I think MSN sure does count as mainstream media. I wonder if they’re laying the groundwork for a force majeure situation down the road?

That article on MSN was written by the Jerusalem Post. Interesting.

They talk about 151K short contracts and losses of $1.3 Billion, which for 5 major banks is nothing for the Fed to print up. Is that just the one day loss. I’d argue though that the losses are much bigger than $1.3 Billion, they’ve had close to that amount of shorts since silver was in the low $20’s.

Regardless, it’s good to see it, and I hope they have to actually buy the metal to cover. The heck with them, they’ve caused so much pain for small investors over the years with their cheating, I hope they all go belly up.

Consensus is that it will be a “sell the news” event for pm’s. Maybe, maybe not.

We are surprisingly not overbought yet, but close. What’s overbought is the dollar.

Gold is Locked-Up, Silver is Locked-in

BY VBL

So, I was on “X” yesterday and Emerald Robinson, who used to report for Newsmax, said that the agencies were planning a Cyber false flag for the day of the election. No clue whether that’s true or not but wouldn’t surprise me. The only “disinformation” we’re likely to get will come from them.

NEVADA KING INTERCEPTS 9.1M OF 4.32 G/T AU EXTENDING MINERALIZATION 420 METRES WEST OF PIT AT WILD WEST ZONE, INITIATES PHASE III DRILL PROGRAM AT ATLANTA

https://ceo.ca/@newswire/nevada-king-intercepts-91m-of-432-gt-au-extending

Probe Gold Files NI 43-101 Technical Reports for Novador Project, McKenzie Break Property and Croinor Gold Property

https://ceo.ca/@globenewswire/probe-gold-files-ni-43-101-technical-reports-for-novador

Silver Storm Announces Issuance of Cease Trade Order, Anticipated Date of Annual Filings and Trading on the OTC Pink Market

https://ceo.ca/@businesswire/silver-storm-announces-issuance-of-cease-trade-order

Tier One Silver Reports Channel Sampling Results; Extends the Cambaya Target Area of Highly Prospective Silver Targets

https://ceo.ca/@accesswire/tier-one-silver-reports-channel-sampling-results-extends

Denarius Metals Announces Non-Brokered Private Placement of up to CA$8.25 Million of Common Shares

https://ceo.ca/@newsfile/denarius-metals-announces-non-brokered-private-placement

METALLA REPORTS PORTFOLIO UPDATES

https://ceo.ca/@newswire/metalla-reports-portfolio-updates

Aura Minerals Inc.: Almas’ 2nd Issuance of Brazilian Debentures

https://ceo.ca/@globenewswire/aura-minerals-inc-almas-2nd-issuance-of-brazilian

Inventus Mining Announces Private Placement with Investment by McEwen Mining

https://ceo.ca/@globenewswire/inventus-mining-announces-private-placement-with-investment

Endeavour Silver provides a Q3 2024 construction progress update on Terronera; the surface construction progress has reached 77% completion

https://ceo.ca/@globenewswire/endeavour-silver-provides-a-q3-2024-construction-progress

LAURION Announces Proposed Non-Brokered Private Placement of Flow-Through Shares

https://ceo.ca/@thenewswire/laurion-announces-proposed-non-brokered-private-placement-77731

Cabral Gold Announces Positive Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project, Brazil with After-Tax IRR of 47.3%

https://ceo.ca/@newsfile/cabral-gold-announces-positive-prefeasibility-study

Carolina Rush Intersects 61 m @ 1.7 g/t Au and 0.3% Cu including 10.6 m @ 4.4 g/t Au and 1% Cu at Brewer

https://ceo.ca/@newsfile/carolina-rush-intersects-61-m-17-gt-au-and-03

RUA GOLD Provides an Update on Previously Announced Acquisition of Siren Gold’s Reefton Assets

https://ceo.ca/@newsfile/rua-gold-provides-an-update-on-previously-announced

Dryden Gold Announces Strategic Property Purchase

https://ceo.ca/@newsfile/dryden-gold-announces-strategic-property-purchase

Troubadour Resources Announces IP Grid Survey Ahead of 5,000 Metre Drill Program at the Senneville Gold-Copper Project

https://ceo.ca/@thenewswire/troubadour-resources-announces-ip-grid-survey-ahead

Apollo Silver Announces Further Upsizing of Private Placement

https://ceo.ca/@globenewswire/apollo-silver-announces-further-upsizing-of-private

Amex Exploration Announces Closing of Private Placement and Filing of NI 43-101 Technical Report for the Perron Gold Project

https://ceo.ca/@newsfile/amex-exploration-announces-closing-of-private-placement

ALLIED GOLD ANNOUNCES COMPLETION OF OFFERING

https://ceo.ca/@newswire/allied-gold-announces-completion-of-offering

Early Warning Notice Regarding Dixie Gold Inc.

https://ceo.ca/@thenewswire/early-warning-notice-regarding-dixie-gold-inc-c22cf

Seahawk Gold Corp. Provides Update to Shareholders

https://ceo.ca/@newsfile/seahawk-gold-corp-provides-update-to-shareholders-05d31

West Red Lake Gold Announces Upsize To Previously Announced Bought Deal Public Offering

https://ceo.ca/@globenewswire/west-red-lake-gold-announces-upsize-to-previously-announced-2537a

Miata Metals Closes Oversubscribed Financing for Gross Proceeds of $6.5 Million

https://ceo.ca/@globenewswire/miata-metals-closes-oversubscribed-financing-for-gross

Troilus Closes $28 Million Bought Deal Offering

https://ceo.ca/@globenewswire/troilus-closes-28-million-bought-deal-offering

Lode Gold Launches Exploration Program at One of the Largest Land Packages in New Brunswick

https://ceo.ca/@newsfile/lode-gold-launches-exploration-program-at-one-of-the

Fancamp Announces Airborne EM-MAG-RADIOMETRIC Survey at New Brunswick Acadian Gold Joint Venture with Lode Gold

https://ceo.ca/@globenewswire/fancamp-announces-airborne-em-mag-radiometric-survey

Bear Creek Mining Announces 10,751 Ounces of Gold and 76,939 Ounces of Silver Produced at the Mercedes Mine in Q3 2024

https://ceo.ca/@newsfile/bear-creek-mining-announces-10751-ounces-of-gold-and

Bolt Metals Completes NI 43-101 Technical Report For Switchback Copper-Silver Property

https://ceo.ca/@thenewswire/bolt-metals-completes-ni-43-101-technical-report-for

Sanu Gold Announces Plans for Imminent First-Ever Drill Program at Diguifara Gold Permit

https://ceo.ca/@newsfile/sanu-gold-announces-plans-for-imminent-first-ever-drill

PAN GLOBAL INCREASES PRIVATE PLACEMENT FINANCING TO $7 MILLION DUE TO NEW INSTITUTIONAL INVESTOR ORDERS

https://ceo.ca/@newswire/pan-global-increases-private-placement-financing-to-7e7cf

Although it looks a little tentative for the metals, as they have drifted off the overnight highs. The dollar is moving slightly higher again, but the bigger news is the 10 yr. is up another 5 bips this am. I’d think that’s problematic for the Fed if they are serious about “saving” the economy. SM leaning lower. Oil popping almost 3% back toward $70

The real follow thru in the premarket is in the pm shares. They look very strong, led by the silvers and the small/mid caps. GDXJ is up 1.65%, JNUG is up almost 4% vs. GDX up 0.86%. Maybe it’s getting to be time for the little guys to step up.

Don’t know about all of you, and maybe it’s because I’ve endured a couple hurricanes inside a couple weeks, but life seems sort of surreal. It feels like we’re all sort of going through the motions while waiting for something even more surreal to happen. About a third of the people I encounter, who would likely be Harris voters, have lost their minds. They are angry and in a crazy hurry, the only thing that matters to them is their myopic little world and they can’t see anything outside of it, much less the truth of what’s happening around them. There’s another third that are kind and patient and trying to get back to some semblance of normality but are keenly aware that something is coming and are fatigued by the thought of it, just trying to roll with the punches. The last third is sort of directionless and in survival mode, neither angry or kind, getting up every day because the sun demands it, and trying to make it through another day because there’s no other alternative. Sort of zombiefied. Going about their daily tasks but with a sense of unease.

Maybe it’s just me.

Metals are starting to tick up while I’ve been posting and the SM is weakening.

I’m still awake because I get no peace. Another sick person this time a kid and I’m retired. At least I have something positive to look at in the PMs. It should do pretty good this week but those bears always have me looking around like some sort of PTSD. As long as the big buyers have control I don’t think the GameStop players and you know they still play that stock here and there the last time they started going after the phyz when I last saw them all they did was drive up the margins and warned them that’s what they will do but they were flush with short squeeze money. It won’t hurt for sure as far as the stocks. The large buyers have control. But if all there doing it buying and accumulating their not gonna care about resistance areas I can imagine so everyone else can ride along the wave with them.

https://www.msn.com/en-us/money/other/silver-prices-surge-banks-face-billion-dollar-losses/ar-AA1sxKBZ?ocid=BingNewsVer

But will the Gamestop crowd have another go……..they’d be stupid not to…..

GO!
https://railpictures.net/photo/850985/

https://x.com/SpartaJustice/status/1722418214460625286

Silver hasn’t made big gains like gold did but despite the bears trying to hold it down it might be considered a bigger deal when the bulls took control. Bigger buyers don’t have to worry about margins as much as the average buyer.

… you can effing forget it … that $34 resistance ain’t gonna happen.

The shorts will be up all night.

Chuckle

Margins will probably be raised again….