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

Note the Inverted H&S base in the weekly

but what is really driving gold?

We know it’s central banks doing the bulk of the buying, but why? Do they know something is coming? A re-valuation?

We’re not hearing about supply issues, yet it just keeps powering higher day after day.

If there was a day they should have been able to get the metals, it was today when the SM cracked. Bitcoin getting trashed, down another $3K. Oil down to $57.01.

The algo’s have been working on SLV all day, but GLD seems oblivious to the pressure.

I have two stocks that can’t seem to get out of bed and join the fun. Dolly Varden and New Found Gold. Not sure what’s up with those two, especially Dolly Varden. The charts on both look good, volume has been good, but there is a consistent seller in both of them. They’ve done OK, but nothing like any of their peers.

https://www.zerohedge.com/markets/rare-earth-miner-stocks-slammed-after-us-defense-department-cancels-cobalt-purchase

If “something” is telling you to listen….  Better Listen!

Silver Gold Record Highs Continue & No War – Bo Polny

We all knew Gold and Silver was worth a lot more. And typical stocks and real estate were both over rated, so they’ll probably both go down over time.

Probably from higher property taxes due to cash flow problems, because the USA got stuck and left with a shit load of wealth absorbing EPA jobs, service jobs and tax payer gov’t jobs, and no more machine shop jobs that that used to create wealth and paid taxes rather than absorbing taxes.

Even a real US president has been elected, all the others, (except JFK) were totally useless. Even Ron Reagan ’81 to ’89 the manufacturing jobs were FLYING out of the USA. Who the hell was REALLY in charge? Some anti American foreigners?

I’m amazed how high my account is.

###***!! ##**++***##!!

Re UN TAx

That is getting their snout inside the tent ……I can just about imagine what the actual language was like in the Oval office….. straight off a NY building site,

With the SM selling off.

Looks like they’ll reverse it.

edit: guess not, just had to wait 5 minutes. Unbelievable strength. Shorts are in serious trouble

Hey, I think those illegal immigrants have a right to as many FREE jabs as they want. In fact, I think they should be mandatory….FWIW!

per bubblevision

I think you’re right. It’ll be Darwinesque!

Stupidity and irrational thinking only get you so far. The globalists are causing a lot of trouble in the world!

No worries … those idiots are on their last legs … NATO and the UN too.

A bunch of fat old idiots.

Chuckle

Looks safe to me.

https://www.zerohedge.com/crypto/300-trillion-dollar-fat-finger

How much longer before the first GoFundMe page for the shorts pops up….

Secretary Marco Rubio

@SecRubio
This week, the UN is attempting to pass the first global carbon tax , which will increase energy, food, and fuel costs across the world. We will not allow the UN to tax American citizens and companies.

Under the leadership of
@POTUS
, the U.S. will be a hard NO. We call on other nations to stand alongside the United States in defense of our citizens and sovereignty.
@IMOHQ

Wall Street Mav
@WallStreetMav
·
13h
The United Nations plans to impose “Net Zero” carbon taxes on global shipping will raise $12 billion per year for a “green projects” slush fund.

UN bureaucrats will be able to spend the money however they want.

We went to war with England over taxation without representation.

https://x.com/WallStreetMav/status/1978615279916585173

Silver up $.11 now as platinum and palladium soar.

I’m looking forward to that gold revaluation at $40K. Hope real estate doesn’t go up with it. 🙂

Climate Lunatics In Germany Want Total Deindustrialization In Just 15 Years

Consider just some of the consequences:

All gas and oil heating systems in every last building in Hamburg will have to be changed out in the coming years.

The cost to landlords will be reckoned in the billions.

Hamburg’s entire natural gas network, constructed over generations and extending to nearly 8,000 kilometers, will soon have to be decommissioned entirely.

The city will probably have to impose on all of its streets a strict speed limit of 30 kph (19 mph) and take drastic steps to reduce traffic.

Municipal industries must transition from petroleum coke and gas entirely to hydrogen and e-fuels, although there is hardly a market for either of these alternatives or even the hope of one.

If this law is not reversed, Hamburg will become a wasteland.

First industry will leave, and then all the people will.

https://www.zerohedge.com/geopolitical/climate-lunatics-germany-want-total-deindustrialization-just-15-years

… so you can pick it up … and put it into action … so get on it brothers and sisters … thank you Robin Williams.

Pay with cash whenever you can .., trade fiat for precious metals and real assets whenever possible … and get off the internet every which way you can … thank you Clint Eastwood.

Where is the demand for physical gold and silver in England coming from right now? Is it from a public that finally sees their privacy and financial security being stripped away from them in real time by their authoritarian government.

America is waking up to this evidenced in the rise of sound money initiatives, but we need more – faster – now, before it’s too late for you.

Spread the word

Looks like they are on hold because of the shutdown. Nevertheless, they lobbed a grenade in silver’s direction that we are now recovering from.

The silver shares tell the story, they hardly budged when silver came down.

The dollar is starting to slide again. It appears the 200 dma has rejected its attempt to bust out.

and that on that particular day it was up against the dollar.

It brought me some memories of a stock I used to watch/own, it’s actually an income fund. The symbol is FAX.

It holds government and corporate bonds in Asia, but mostly Australian assets if I remember correctly. The idea behind it (if I remember right), was that as the AUD strengthened the share price would rise.

Back then, which was 25 years ago, it was trading around $5 and paid a 6% dividend.

I just looked at it. It is currently trading at $15.55 but paying a 7.1%  dividend. The divi is good because it is paid monthly. The obvious risk is a currency default. I suspect that if the dollar blows up, it will take all western currencies with it. I might grab some, if the AUD proceeds to strengthen against the dollar, the share price will go up. Seems like a pretty good bet to me at the moment considering where the AUD sits right now.

Was in a coin shop ystdy…they said, demand for all metals is good, but also plenty of supply, they are just very busy….no signs of a shortage and I asked specifically about silver….no they said they can get all the silver they want….we are talking small bars etc. They are basically selling all Au and Ag that comes in….but some to new buyers….

That said the diff between london and Crimex is real…which says London has a problem, as Crimex Oct settled at 51.07 where spot was 53.05

https://www.cmegroup.com/markets/metals/precious/silver.settlements.html

Would it be too fanciful to imagine that the industry is letting enough metal out to keep punters happy, but can’t hide the problem for orders of serious vol.

As for the Perth Mint, they were caught out, not having the metal in non allocated accounts, but still charging the interest…as were I think Wells Fargo and probably every bank that operated a non – allocated account scheme, though they weren’t caught….