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

That is, if Shanghai isn’t open, what exchange is providing the price and volume data?

Midnight Gardener, see? It’s all your fault for mentioning that ruddy monkey!

Silver was exciting for 20 mins.

MG

Said check the volume, has to be up you don’t want a trap. Check the yields , check oil, should move up  check gold.

Opens in an hour at 9 EST, closes at 3:30 am EST with a two hour lunch between 11:30 and 1:30.

Yep, here come the Kamikazi’s. This had to happen and Sunday/Monday is always their favorite time to do reversals. Lots of paper to throw around tonight. It will be interesting to see what price Shanghai says it is for actual metal. I suspect this is just the opening salvo in what will be a multi-month war.

You know what’s funny? This is familiar territory for us, we’ve seen it so often over the years. They won’t be panicking anyone here at Oasis.

Heavy bombing coming in…… scum are v active.

I’m just buying from a reputable dealer such as Colorado Gold. Anyone charging nosebleed prices is in it for a fools game

Agree certainly not just Samsung etc….that post by eeos from Ed Steer makes clear there are loads of shorts…..

Looks like we have an extraordinary confluence of events ….shorts in huge size, revaluation of Gold and then to cap it all we have monstrous new demand …and a TA picture that says way up, thus confirming the fundementals …..

Down $13. Silver still up $2 but it’s going to be an all night battle.

Gold could be a smoke signal.

https://www.bordergold.com/product/1-oz-2025-canadian-silver-maple-leaf-coin/

Didn’t know a certain simian was considered unlucky. With all my lurking I should have caught that. Oops. I always liked it.

oh well, up 6.48 in first 20 mins works.

For once we get the open we have been waiting for. A really big hard to cover up rally

cheers

MG

…and rising  !!

$82.05 up $2.78

I wonder if this is the day they’ll run it up and reverse us? They love to do that on Monday’s.

If not, the silver shares better be up huge. No more excuses.

I’m with you. I think a lot of us are looking forward to the open tonight. Going to be interesting in Shanghai too.

and…..we’re off silver up $1.19 to $80.46

some feel mention of that particular simian can jinx things.

true? not? who knows?

I don’t know the mechanics of the exchanges like you do enough to argue with you.

I will argue though that this is more than just Samsung’s new battery. There’s no way that these banks would let silver rise like it has over the last 6 months, 40% in December alone if things were just peachy at Crimex.

It could be that China announced they would no longer export silver after Jan. 1st and Shanghai is just pushing the price.

I guess we’ll find out how the Crimex and banks are doing in the next delivery month of March. I think they’re in trouble.

The Debt Clock agrees with him (and you) … 356 paper claims against every ounce of silver … a mere 142 for gold …

U.S. National Debt Clock : Real Time

Chuckle … snort

Tks for that Ed Steer….good to see he still thinks we have loads of shorts….which will drive prices way up…..Though I think GATA and particularly Murphy are v anti Trump, so will not entertain the revaluation/debt solution thinking…..

TaiwanPlus News
@taiwanplusnews
Taiwan’s main opposition Kuomintang Chair Cheng Li-wun has revealed that her party has been in communication with the Chinese Communist Party, and that she hopes to visit China and meet with Xi Jinping early next year.

https://x.com/taiwanplusnews/status/2004840072781398197

Is it the Rally Monkey warming up?

Rarely am I excited about the open, and take down tuesdays have been so predictable they bore me.

This could/should be an interesting open tonight.

As J. Dines would say, firm hand on the tiller.
since 2000!

MG

(a letter to a friend)

yep, the silver bull market is starting to warm up. i think we are in the early stages of something we have never seen before. the physical shortages which have caused the recent price rises are real, and won’t quickly go away. i think the epicenter of the near-term action will focus on the interplay between the futures (paper) market and the industrial (physical metal) demand. for years (decades?) the price has been set by the paper markets with the background of a surplus physical supply that was built up over several generations, beginning in the latter part of the nineteenth century. the paper market has been the cash cow of the banker/financier/speculator industry, centered in new york and london. this has kept the price so low that only the best (richest ore) silver mining companies could survive. most of the supply has come from byproduct of other mining operations (copper mines, zinc mines, etc).

over the last sixty years, the world has consumed more silver than was being mined (a structural deficit). slowly, the generational surplus stockpile was used up, and the cupboard is getting bare.

december and march are delivery months for the comex (u. s. futures market). i think they may be able to patch the december deliveries together and squeak by with much pissing and moaning. march? less likely. lots of manufacturers use silver and are dependent on those deliveries to keep their factories open producing solar screens, electronics and (- HUSH -) modern weapons. when the comex (likely) defaults on deliveries at the end of march, katie, bar the door! the price will make the recent rises look mild.

eventually the price will rise high enough (fifteen to one against gold? parity? more?) to stimulate the reopening of old, presently uneconomic silver mines, and/or the opening of new ones, bringing increased supply on line to lower prices, or at least stop the rise (classic economic theory). don’t hold your breath. the timelag to open mines is about ten years in mining – friendly jurisdictions. jurisdictions with greenie movements? longer. much longer. don’t even think about how long it would take to get a permit for a smelter.

hold on to your hat. it’s going to be a long, exciting ride. new york? nope. london? nope. watch shanghai!

re yr 5.17…a few points …who is this guy, he has sudenly appeared out of nowhere….he also wrong about the Clearing House…..if one party defaults they pass the hat around all members, so the exchange is effectively capitalised to the full value of all members.

Secondly Comex margins both Spec and Hedge are currently $ 25/27000, which is 6.83 % at $ 79.00…..that is no where near a panic reaction, it is close to complacancy, as if they want prices higher.

Thirdly I checked with Grok to see if there is any sign of emergency borrowing at the Fed window…..there is nothing, no signs of any panic borrowing, or even just larger borrowing.

The more I think about this it could be just vast physical demand and limited supply……the new battery needs @ 32 Oz per car…..as of now the Lith Ion with no silver battery is @ 25 to 30 % of the cost of the car……the first cars they are going into are top of the range…..@ $ 100,000, $300 Ag wpould add $ 10,000, for a gain of double the mileage , double plus the life , a 9 minute charge and no exploding….that is chump change….a $ 20 K increase ie $ 600 silver, is the same.

Securing supply sub $ 300/600 is a no brainer.

The AG “coincidence” guy gave a bunch of things to look for and advised to get out of ETFs and buy mines and why. I wonder if the open if the spreads from bid and ask by the MMs will try to take advantage. These videos coming out so fast I wonder if it’s a group of people who seems to be .. Well I guess we feel the same after their years of them papering  over miners and investing who know exactly what their doing and what their options are why all of a sudden someone wants to help all the bugs world wide take on the western exchanges so wonder if it’s coming from China.

I got a kick out of a comment if they try to halt buying they would destroy their business and reputation someone said what reputation.lol.