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

My posts explained how I have traded pm stocks.  I have also invested in pms.  We have physical gold that we have bought and held with a cost basis below 800.  Now if you divide the gain over the decades it is not that great.  But the physical is there and there is a good gain.  I can’t think of any pm stock I would just buy and hold.  I had thought that about NEM because of the dividend but now the yield is not competitive and the chart turned ugly.  Glad I sold when I did.  I know some like the big conglomerates to buy and hold.  Russell was a fan of that idea.  But so far it seems it has not worked.  Nancy also invested that way.

aurum

they tried to take out $ 2700…but so far have failed….no matter the No’s.

Lets see if the Chinese were buying o/n…that we never really backed off o/n. suggests they were indeed buyers.

No real effect on pm’s or anything else, although the dollar is slipping. I think “in-line” is good enough for a .25 cut by the Fed next week, which in turn is good enough for a pop in tech, but not good enough to send gold up through $2700. Silver sinking well below $32 now.

The shares though are surprisingly firm, so maybe it will change before they go back down.

Market watch doesn’t have the actual numbers up yet, but I’ll post when they do.

Thanks for your input … food for thought.

Cheers

I wish I had a dollar for every time I have heard gold going through the roof.  It probably will happen some time, but I won’t hopium on it.

As far as stops, I have no hard stops set.  After the open and before the close I run through the charts for my positions and sometimes the charts of my watch list to see how the stock is acting.  Probably something to do with aging, but I find myself being influenced by my mood sometimes buying too much or selling too much.

I only sell on the open if some news that could be negative is shown on ipso’s list.  Otherwise I wait for at least the first hour to act.  I have quit trading the overnight market because even using limit orders it has not worked for me.

aurum

Dollar up nicely, Rates up 2 bips. PM’s mixed, with the weak sister silver down per the norm. Shares are up a little – surprisingly.

Bitcoin back on the march above $98K. Oil up over 1%

I’m at the point where I don’t expect anything good to happen in pm’s for a while. I’d like to be wrong again.

We’ll see what happens after the numbers.

ATEX Announces Results of Second Metallurgical Program Further Demonstrating Outstanding Recoveries for Copper and Gold at Valeriano, Phase V Drill Program Underway with Fourth Rig Being Mobilized

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Maritime Begins Crushing at the Pine Cove Mill and Provides Update on Restart Activities

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Canterra Minerals Anticipates Receiving up to C$3.5 Million in Funding on a Non-Brokered Basis and No Longer Pursues Previously Announced Brokered Offering

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Heritage Mining Announces Exploration Permit for Contact Bay Project

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Lahontan Gold Announces Positive Preliminary Economic Assessment for Santa Fe

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Evergold’s DEM Prospect in B.C. Returns High Grades of Antimony in Drilling, Within a Broad System Also Hosting Gold, Silver and Additional Critical Elements

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Omai Gold Commences Diamond Drilling on Gilt Creek Deposit in Guyana

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LAURION Announces Drill Intercepts of 37.70 g/t Gold over 0.50 m, 6.60 g/t Gold over 1.00 m and 2.075 g/t Gold over 3.50 m at Ishkoday Project

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Dakota Gold Intersects 2.22 grams per tonne gold over 50 meters at Richmond Hill in Drill Program to Expand Resource

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Nova Minerals Finds Gold up to 141 g/t Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in Alaska

https://ceo.ca/@GlobeNewswire/nova-minerals-finds-gold-up-to-141-gt-au-from-rock

GFG Announces Proceeds of C$3.7 Million from Warrant Exercise Accelerates Exploration Programs in Timmins

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Scorpio Gold Drills 1.69 g/t Gold over 55.7 Metres at the Manhattan District, Nevada

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Bonterra Announces Additional Assay Results from Moss Target and Restart of Drilling by Gold Fields at Phoenix JV

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FireFox Gold Expands the Mineralized Trend at the Jeesiö Project in Lapland, Finland – New Trench Reveals 14.62 g/t Gold over 2.84 metres at Undrilled Prospect

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Endeavour Announces Positive PFS Results for Assafou Project in Côte d’Ivoire

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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

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Gold Mountain Announces $1.5 Million Flow-Through Private Placement

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1911 Gold Announces Upsize To Previously Announced Non-Brokered Private Placement To $8.1 Million

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ONGold Announces Private Placement

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GLEN EAGLE RESOURCES INC. ANNOUNCES OPTION AGREEMENT, GEM SETTLEMENT AGREEMENT, AND SHAREHOLDER APPROVAL OF THE OPTION AGREEMENT

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Lundin Mining Publishes Swedish Short Form Document for Offer of New Lundin Mining Shares in Connection with the Acquisition of Filo Corp.

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Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company’s 2024 Annual General Meeting Materials

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Nord Precious Metals Begins Metallurgical Testing of 79 Grams per Tonne Silver Tailings from Beaver Property

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Borealis Mining Announces Acquisition of Gold Bull Resources

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Dundee Sustainable Technologies and ESGold Corp. Collaborate to Test Montauban Tailings Using Revolutionary CLEVR Process

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Novo Secures Strategic Land Position in the Onslow District Western Australia

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Bayhorse Silver Underground Drilling Underway at the Bayhorse Silver Mine, CEO Discusses Bayhorse Concentrate Antimony Content

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Grit Metals Reports Widespread Gold and Copper on Its Central Lapland Greenstone Belt Gold Project in Northern Finland

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Element79 Gold Corp Provides Corporate Update with Focus on Peru, Nevada Projects

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Beauce Gold Fields Discovers Significant IP & Soil Anomalies at the Headwaters of the Historical Placer Gold Mine

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Sandstorm Gold Royalties Enters into Automatic Share Purchase Plan and Renews Credit Facility with Reduced Interest Rates

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Sky Gold Corp Cancels Financing

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Norden Crown Identifies New Copper Porphyry, Epithermal Gold, Copper, Silver, Gold CRD Targets at Smart Creek

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Benton Recommences Drilling at Great Burnt Copper Deposit, Extends South Pond Gold-Copper Zone to 2.3 km, and Discovers New Sulphide Zone 1 km South of South Pond

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Palisades Goldcorp & Radio Fuels Announce Business Combination to Create Leading Resource Focused Investment Issuer

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VR Resources Confirms Mafic-Ultramafic Intrusion with Magmatic Sulfide in First Two Drillholes at Empire Project, Ontario

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Erdene Provides Corporate Finance Update

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Many wavers have commented on the unusual chart patterns particularly in pms.  This primarily applies to the mid caps and bigger.  I will let you draw your own conclusions as to why.  In any case, it has added to the difficulty in trading.

With all pms I am trigger happy to sell.  Any news that could be negatively construed or negative as say dilution, I sell most or all.

I wouldn’t let a big cap drop more than say 20% and the juniors say between 30 – 50%.  You just do not want to have a position that has no hope of seeing light.

Of course this leads to the occasional outcome of having sold a 10 bagger by not being patient enough.  Still I do sometimes rebuy one that I recently sold.

Also I don’t like having a large amount in one name so if that happens I sell some.

Just how I do it, missing the big gains but also missing the loser pain.

aurum

I see, and you guys seem to do better than most picking the juniors. I think Thomson was referring to the larger caps mostly.

With the juniors it’s almost a case of 0 or 10 bagger. Just have to get 2 out of 10 right I suppose. 🙂

maddog – The large caps are under total control. It’s really tough to rely on charts for their performance because their tendency is always down and the manipulators and naked shorters love to engineer upside head fakes. They clean up all the time on false breakouts. No other sector like this one – literally.

Here is a quarterly chart with a well established downtrend, going back to 1996 and a well established up trend , going back to 2016…..with the ratio having almost no range left….without breaking out…..

Here is the monthly chart…where recent action can be either an Inverted Head and Shoulders base forming, which if so and the right shoulder is @ equal in time to the left ..says we have @ another 7 months of misery…..or if we call very recent action a bull flag, then we should run higher this month, as the pole and flag are both 6 months…..

I used the XAU as I have more historic data for that than the HUI…..

That can work as long as you stay pay with stops. If Pento is right on inflation and gold going through the roof,  hyperinflation,  helicopter money even before then you could even buy options during that phase in heavy volume of the major producers or if you could option the major ETFs.

UPS. Santa’s Helper
https://www.railpictures.net/photo/872874/

Profits, IMO I think the percentage  depends on when you bought in. Did you by them at the low, wait for a new low off a first target or second, or at a 20-40 or higher level than the low. If there moving with the others or lagging and why,  the profits of the company if their honest and if the main sector is in play  and higher highs and lows or the direction is in a down turn on bounce but can’t get through resistance  on a down turn, did it break out of a downturn  and  moving up. If you sell some at 20 or 30 percent off the low or aforementioned if it reversed on you, you have room not to take a loss, or if your bought near the top and sold, or if you bought mid way off the lows you can sell more again to get back what you paid plus some profits and ride the rest up or can watch it everyday if ladder stops.

Pento said after all the debt in comparison to Regan’s day is much worse than  now and gave the numbers which are mind boggling. That  inflation down the road is going to be inevitable. That Gold will be the redheaded step child to Bitcoin. The move up will be perhaps bigger than people imagined, seemed that’s what he was saying, I wouldn’t put a number on it nor did he.  I don’t like what it  implies though for the economy. I just hope they get cost of living down.  That is about 43-44 minutes in the last Pinto video.

Thanks for the comeback, what you explained sounds right.

Gold Is Up Another $17/oz after market to $2,736/oz

https://finviz.com/futures_charts.ashx?t=METALS&p=d

I pretty much agree with you.  Buy 8 or 10 juniors.  If any go substantially south (hard to pick a percentage) sell a part or all.  If any go substantially up add and let run.

just imo

aurum

As far as the junior world functions if you always sell at 10 or 20% profit you will always be a loser. It’s only the few companies that go up 8 or 10 times that bail you out of the losses you have in perhaps the majority of the juniors. If you sell those few you are done for.

Not to say don’t take profits … but from higher up and only a portion. JMO

Pretty bad action in the miners lately. It’s atrocious action, I guess it’s a new world. I’m waiting for sanity to return.

Tks v much for that ……

Thanks for sharing that. I think Stewart is right on in his assessment. You simply cannot hold these stocks. If you are lucky enough to catch a 10-20% move, you have to sell them. You can never buy an up day and expect a follow through move because it is rare and too risky. 80% of all news is sold, and probably the same percentage is bad news.

Hard to see this changing. Like he says it is sanctioned by the regulators.

I hope you are wrong, captain.
If Trump is Zionist/khazarian/mason, humanity is doomed.

If true, there is only one way. Two words — starts with armed and ends with revolution. I don’t want to see that, and do not see that as viable considering the state and mindset of much of humanity, and the possibility of the success of that against the powers that be seems almost futile.

I follow a guy named Stewart Thomson (mostly just reading the articles that he posts on 321gold.com), and sent him an email about the abyssmal performance of the gold and silver mininers….

Here’s his reply to me:

The same applies to silver. A precious metal… or a rigged bankster casino chip? It’s been more of the latter for a long regulator-endorsed time.
For the miners, the banks and shorting funds use a clearing house shell game.
The regulators only audit one clearinghouse at a time to check for naked shorting.
The scum move the positions to another clearer while the one gets audited…
On a decent price sale into decent HSR (horizontal support), miners will usually rally about 20% in a month or two and need to be sold then.
On smaller sales and smaller HSR (like the latest into 2550), it’s better to focus on gold or go only for 5%-10% gain on the miners and sell them there.
Massive sustained inflation is needed to generate enough interest from institutions who wont put up with the naked shorting scams..
Until that happens… miners are best for 5%-20% trades not core positions.
thanks!
st

and short the stocks as a hedge! So I am told….

Dog

re the shares….I have a new theory……the Gold buying wants delivery…..so the bums selling have to deliver, they can’t use paper shorts as the buyers turn round and EFP the paper shorts back to physical…..whereas the share sellers apparently are never asked for certificates, or rarely and the SEC does nothing to police the situation…or close to nothing…..So the machines just see every rally as a better level to short from….

At some point though the dividend yield is going to be so big, tks to how cheap the shares are and how much money the mines make from high metal -prices that buyers will pour in for the yield and then the machines will be caught out…very badly…..

Silver back below $32

Thank goodness for all that paper! ?

Goldie – makes sense. The signs are definitely there.

SNG – I don’t really consider the paper markets making gold more affordable a good thing after 25 years of holding it, and watching everything pass it by. Screw the people that don’t have it at this point. Gold and Bitcoin should be flipped around price wise. But you’re right, it will probably just get more “affordable.”