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

So there’s that. ?

How the QQQ’s and tech always just snaps right back. Perpetual short squeezes, and never a downtrend.

I’d like to be doing better given the action in the dollar, but it just seems we’re not quite there yet. The shares are telling me we will be soon though. If they’re not lying… 🙂

Looks like slow, steady, NORMAL short covering in the metals today. I have no idea by who, but it looks professional. Doesn’t look like anyone is running toward the exits either.

The strength, especially in the shares, is refreshing so far. Makes me think we have a chance next week to continue higher.

Or it could be the substantially increasing profits the miners will be reporting starting next week.

And now they will have better credit to buy juniors.

Imagine that.

Chuckle

Go figure.

Those PPI numbers seemed funky and sort of all over the map. I’d think the dollar would be stronger but it’s getting weaker. Rates are falling as well.

Don’t know if we’ll come all the way back or not, but at least not getting crushed like usual.

Yes goldie … you da girl.

Nothing I said yesterday is not true because I am not a day trader.

I am sorry if you think I am invading your turf. I am not.

I would be perfectly happy with another important low in September this year again – not a high.

That said I don’t think that is going to happen.

They set a trap for PMs yesterday with the CPI / PPI two step. This is nothing new. It’s a sign of their increasing desperation.

My portfolio is just fine today.

Thanks for your concern.

Cheers

HUI just down a point.

Silver shares not getting beaten too badly.

Dollar down is surprising.

Hopefully the shares are sending us a message.

Buygold no YOU didn’t. The one man show did.

so I guess we get to give back yesterday’s gains again, maybe more than that in silver. Although the shares aren’t exactly getting crushed just yet. The dollar isn’t rallying either. Odd.

Regardless, it’s enough to take the metals into the crapper.

The beat goes on.

Did I jump to conclusions on something?

Sun Summit Announces Increase in Size of Non-Brokered Private Placement

https://ceo.ca/@newsfile/sun-summit-announces-increase-in-size-of-non-brokered

Sierra Metals Reports Q2 2024 Production Results

https://ceo.ca/@businesswire/sierra-metals-reports-q2-2024-production-results

Victoria Gold: Update on Eagle Gold Mine

https://ceo.ca/@globenewswire/victoria-gold-update-on-eagle-gold-mine

Reunion Gold Obtains Final Order of the Court Approving Arrangement With GMIN

https://ceo.ca/@globenewswire/reunion-gold-obtains-final-order-of-the-court-approving

Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder

https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-notification-of-relevant-59291

Platinum Group Metals Ltd. Reports Third Quarter Results

https://ceo.ca/@newsfile/platinum-group-metals-ltd-reports-third-quarter-results-0cf31

SilverCrest Provides Second Quarter Operational Results and Conference Call Details

https://ceo.ca/@newswire/silvercrest-provides-second-quarter-operational-results

Eldorado Gold Provides Update on Second Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details

https://ceo.ca/@globenewswire/eldorado-gold-provides-update-on-second-quarter-2024

Rupert Resources Reports Results for the Three Months Ending May 31, 2024

https://ceo.ca/@businesswire/rupert-resources-reports-results-for-the-three-months-a7c55

Argonaut Gold Receives Mexican Anti-Trust Approval and Final Order of the Ontario Superior Court of Justice to Approve Arrangement with Alamos Gold

https://ceo.ca/@newswire/argonaut-gold-receives-mexican-anti-trust-approval

Silver Elephant Announces Non-Brokered Private Placement Total $960,000

https://ceo.ca/@newsfile/silver-elephant-announces-non-brokered-private-placement-be074

Sorrento Resources Completes Acquisition of the Copper-Gold Lord Baron Project, Newfoundland

https://ceo.ca/@newsfile/sorrento-resources-completes-acquisition-of-the-copper-gold

Endeavour Announces Holding(s) in Company

https://finance.yahoo.com/news/endeavour-announces-holding-company-064200747.html?guce_referrer=aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9wb3J0Zm9saW8vcGZfNS92aWV3L3Yx&guce_referrer_sig=AQAAANErbqJgcgI1f8yZZvd0I5MdUOgaC604L4GjgZol8OEdAzTZ_eYGj_jSe7yeiympA5ztARqRxMgIwDOBMZohrLNDhlp9pHyg-hlgISLTFoAJbWsqAvq0Ssb_480G3767jSiAQh0hajMidZQ6BZcW5yRH8c58IEF5CG_vDMqxX0Is&_guc_consent_skip=1720784715

Jumping to conclusions is like a false sense of achievement, it can steal your motivation and confidence to pursue the real one and actually achieve. To thy own self be true. The best achievements don’t need to be announced, they speak for themselves.

It’s still super early but it appears London has been assigned to take the steam out of yesterday’s excitement.

They are tagging silver hard at the moment and have erased yesterday’s gains, down $.70. Gold down $10. Not really a big surprise as that’s just how our metals roll.

Too early to see if the shares are buying it just yet.

The other thing is that we also have more inflation data with the PPI this am. This could just be an effort to whack us before the pm bullish numbers come out and the pm buying begins. Making us dig ourselves out of an early hole so the best silver can do is come back to flat on the day. Never seen that before…

The dollar is a little weaker, rates a couple ticks higher. The PPI will probably weigh heavily, especially if the numbers are weak.

Captain – Interesting catch on the RUT – I think value makes sense now. The miners should have solid, hopefully sustainable earnings if the metals hold. They will definitely be value plays as it seems they mostly trade with low PE’s. I guess the explorer’s and juniors would be more of a “growth” play in that scenario. Regardless, the miners are just getting started unless the scum is somehow able to wreck the metal prices. That doesn’t seem likely as the Fed seems to be quickly approaching an easing cycle, and the economy is in crash mode, or even worse, war and crash mode.

It’s been a long and painful ride. The HUI has just broken out, and though it’s getting a little overbought, should be able to get between 320-340 on this run. After a pause, 380 should be on the horizon, something we haven’t seen in 4 years. I think NEM was $80 in 2011, now $46, so a very long way to go if we can overcome the constant manipulation.

We’ll see what happens when the numbers come out in a few hours. We should see the shorts start to cover going into them.

I’ll take your word for it!

Biden Praises ‘Vice President Trump’ During Rambling Post-NATO Presser

https://www.zerohedge.com/political/crucial-press-conference-today-cracks-form-bidens-senate-wall-donations-dry-delegates

Re Chinese Hunt

There is no way, only 31 tonnes has pushed, these mkts up here….it’s way more than that……

“According to Bloomberg, Morgan Stanley’s private wealth clients account for about 70% of the fund’s $1.6 billion, and the bank has been trying to get them out for more than a year, according to Bloomberg sources.”

… no … really.

Scaramucci Gates 70% Of Investors In His SkyBridge Crypto Fund | ZeroHedge

But don’t ask your broker how the hell to get your money out of those things.

Chuckle … snort

Yes looking good in PM land today as it should be.

I am looking for value to take the baton from growth right here – right now.

Look at the Russell (IWM) up 7+ points today – so the ratio against the tech crap is tracing out a key reversal.

This is no small thing and should see deep value in PM stocks catch a bid very soon.

Like tomorrow on a good weekly close.

The commies are not going to stop printing money going into the election – so it will have to go somewhere.

Cheers all

It looks like if the juniors start to run … they could go for a long time! I wouldn’t mind a 2 or 3 year bull market!

HUI up near the highs of the day.

I really don’t mind seeing the QQQ’s get whacked for a change. Stocks like Netflix up near $700 a share? Seriously? That index has a lot of correcting to do, some of that stuff is seriously overvalued.

Maddog – it’s well past time for us to get some of that tech money, and it won’t take much.

Check Dollar yen…down nearly 2 % on day…that is a huge currency move and as the Captain says Tech is getting wacked hard….and as Tranny and Utilities are well up, this looks like rotation…we may catch some money….we probably are.

Thank you