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

The best estimates currently available suggest that around 212,582 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950. And since gold is virtually indestructible, this means that almost all of this metal is still around in one form or another. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold would only measure around 22 metres or 73 Feet….on each side.

Everyone has been conditioned to play the paper or ETF game as more or less “day trading Experts”. Used to be, before the turn of this century, you paid your broker to buy actual stocks, you were issued stock certificates, and you just sat back and watched your shares grow until you cashed in the stock certificates. Now most people day or swing trade the ETF’s, which is under the thumb of the super computers like BlackRock’s ALADDIN (which owns or controls over 50% of all the ETF’s). ETF’s have no obligation to own anything they “track” in the portfolio they represent, and in fact, theoretically, when you buy a share of “XYZ”, that super computer can sell (short) that same “XYZ”share, thus nullifying your purchase. IMO that is why the markets have totally changed since the turn of the century as the ETF’s have been slowly introduced to the game. That is why when a stock should go up, it goes down. Good drill results are sold and poor drill results are bought. All logic has left the markets. Everything is being reversed by the super computers so they maintain total control of all markets today….but IMO, when the timing is right, the whole house of cards come tumbling down…and as WEF says “You’ll Own Nothing, But You’ll Be Happy”. (and broke) The only thing’s IMO that you can do to protect yourself are get out of debt, get Silver and Gold in hand, have a good supply of guns, ammo, and groceries on, and keep a low profile until after TSHTF! All FWIW.  Better to Count your wealth in Ounces, not dollars.

Hunga Tonga an underwater volcano that erupted back in Jan 22, was a similar sized eruption to Krakatoa…ie huge……it was the largest eruption ever recorded by mankind and sent a shock wave round the World !!!!!!

It also increased upper atmosphere water vapour by 10 %, so huge was the eruption…..Well the folks in Dubai have been clud seeding, to get some rain …..ooooops !!!!!

https://www.zerohedge.com/weather/did-uaes-cloud-seeding-operation-flood-dubai

Powell was out there jibber-jabbering “to cut, or not to cut, that is the question.” He can’t answer it because he knows he HAS to cut.

Other than that, we are in lockstep with the SM & dollar today. Which is OK because the SM is up and the dollar is flat.

Israel will probably retaliate sometime soon, so we should decouple from the SM. We’ll see.

Maybe some short covering into the close. Should be.

Interesting. This is weird action today. Markets are all over the map and it appears we are trading with the buy/sell programs going off every now and then.

At least we seem to have some underlying strength in gold as we’ve come $20 off the lows and are holding up and down around the flat line. I don’t know if there’s news of some kind but volatility is the game right now.

You would need a forklift to pick it up. If Gold closes in the $2400s, I think that would be a very good sign. Adjusted for inflation, it should be $2800 to match the $140/oz when we were allowed to own it.

I reckon we have a whole new mkt here…..one that doesn’t care what else is going on, one that is just seeing huge demand for physical gold and silver, but gold in particular…..and my guess is China is the buyer.

As I have said before…it’s the action…I just popped out for an hour or so, Gold was trading 2390….I checked while out, saw 2386…thought OK, so buyers backed off a touch….come back and see 95/97….that is relentless buying and almost certainly from dealers covering what was sold overnight, by their Far East branches…..and it is happening every day, no matter what other mkts do…….

This is pure guess work…..there might also be a whale in the West, who buys everyday in massive size, to cause the same action…..but somehow I doubt that….this smells much more like millions of Chinese buyers…..just 1 million oz is nearly 28 tonnes….10 million = 280 tonnes and it is all phys….

Plus this action is getting the Share shorts to add, if metal keeeps climbing, then at some point the shares will get bought big time ……they are gonna have to cover huge shorts in a buying frenzy…..the perfect nightmare.

Transport Minister Threatens Germans With “Indefinite Weekend Driving Ban” To Meet Mandated Emissions Targets

https://www.zerohedge.com/geopolitical/transport-minister-threatens-germans-indefinite-weekend-driving-ban-meet-mandated

Bank in Canada won’t let customer withdraw cash

they ask him to prove why he needs cash pic.twitter.com/jSghFYxLcI

— Crypto Tea (@CryptoTea_) April 15, 2024

I think the HUI is confirming your suspicions. It’s done a quick 10% or so correction since Friday. If this is our real bull, that should be about it and we’ll move higher.

Still a few things they aren’t squaring with me. Gold, rates and dollar all up together. I don’t really care though as long as gold is up. 🙂 Bitcoin down again, would love to see some of that money come over.

Speaking of which, First Majestic. I held that stock even after figuring out the exact top which was basically a double top. Now I will never buy that stock again. It drops way too fast. Plus it was too interested in another project snowline at it’s expense. I just caught it did just produce some metals but you know what they say about news.  Then I heard from Rick Rule just last week or so it’s too interested in another project and had a different name. It’s all over the place. Now if they were going after top like tier 1 and had a potential for a big mine vs a bunch  lower level small ones might be good for future interests. Less your just trading in its sector sympathy and get in and get out.

Yeah it seems to be a pattern but can still not drop. That’s why it’s safer to have stop loses or at least cover cost and taxes instead of guess, if it heads down you’ll have more to buy back, if it doesn’t and sold too soon just have cash on hand to buy it back. More than not stop loses save you money. Then again near tops, you can think it’s gonna breach resistance so you hold instead of sell or at least half  and I’ve done that and hold and instead it falls back down and fast. It can bring the worst out on you sometimes lol

Tks for that re Golden Cross…..and the formation, where the 50 av touches/ breaks the 200, then falls away and then goes back and breaks above, I have noticed gives a super buy signal…..and this one has done it twice and we have a double bottom.

the whole world seems terrified/in awe of AI….well there is no better place to test it, than in the mkts…and so far it don’t look too bright at all…..someone is clearly buying huge quantities of PM’s, they are in every day, day after day, something really smart might see a pattern…..yet the AI Algo’s only see it as a shorting oportunity for the shares……talk about dumb…..

and lets face it the financial AI is as good as it gets…..

FWIW and doesn’t mean ignore stop loss percentages be 7-10 % or what ever but both XAU and HUI just made a golden cross. Doesn’t mean they couldn’t drop to the 50 or 200 ma first or not especially with the SM not looking too good but generally followed by higher highs. Generally

You know that Jewish person I mentioned says Israel will probably be destroyed because of their own hate. That they are made believe since WW11 they don’t want any non Jewish neighbors. They’re not exactly good neighbors. Also according to others not a  good military. Many who were killed in that attack were killed by friendly fire including when taking hostages shot at and killed the hostages too. Also said that there was no sexual assault or abuse one said she was in her PJs and they handed her cloths and told her to get dressed. She lost two of her friends by friendly fire. Not saying no one was assaulted but she didn’t see any.

Buygold I heard on Bloomberg that the UK is getting a appetite for gold too. Other options is short term treasuries a anti gold mentioned without mentioning the value of those dollars vs inflation.

First Majestic down 10 % on Silver down 3 %….yet ystdy Silver was up 3.5 % and the First shares unch to down even!!!!

The whole situation is a gordian knot. The hatred is so ingrained I don’t think there is a solution. It will be a festering wound on the Earth as long as man is here. JMO

“Get rid of Hamas” Good idea although I’m not sure how that can be accomplished. Look what Hamas has done to Gaza!

From the @WSJ article, “America’s #bonds are getting harder to sell: Record issuance raises worries that #debt sales will exacerbate volatility.”
Concerns about who would buy all the stepped-up US bond issuance had significantly diminished since their peak last October. However,… pic.twitter.com/cSk2au0IjD

— Mohamed A. El-Erian (@elerianm) April 14, 2024

That is funny. What Iran should do is help in infrastructure and help Palestine their own military and get rid of Hamas and own dome to take out missiles and drones plus their own port for supply’s and food so it doesn’t have to go through Netanyahu and zionist ” not Jewish” land stealing war mongers. Where in the Tora does it say to turn into a war state. A son of both parents survivors of the worst concentration camps said he feels safer in the UK than when he was in Israel. That they’re spreading antisemitism but those complaining about it aren’t moving to Israel anytime soon.

?BREAKING – Flyers distributed at NGO in Mexico encouraging illegals to vote for President Biden

The flyers reads:

“Reminder to vote for President Biden when you are in the United States. We need another four years of his term to stay open”

A MUST READ CRITICAL THREAD ? pic.twitter.com/Mod4IeROXf

— Oversight Project (@OversightPR) April 16, 2024

They are shaking the tree pretty hard this am. Doesn’t jive with the metals.

I remember these shakeouts back in the day when we actually had good rallies. 🙂

Those days are returning.

SM not exactly running away this am.

??? pic.twitter.com/MOhy4aWVZd

— Wall Street Silver (@WallStreetSilv) April 16, 2024

Wesdome Announces First Quarter 2024 Production Results; Provides Timing of First Quarter Financial Results

https://finance.yahoo.com/news/wesdome-announces-first-quarter-2024-210000605.html

Fortuna intersects 1kg Ag Eq over an estimated true width of 8.1m at the Yessi vein, San Jose Mine, Mexico

https://finance.yahoo.com/news/fortuna-intersects-1kg-ag-eq-231000972.html

Gold Resource Corporation Announces Preliminary First Quarter Production Results

https://finance.yahoo.com/news/gold-corporation-announces-preliminary-first-010200471.html

Barrick Gold reports lower preliminary gold, copper output for Q1

https://finance.yahoo.com/news/barrick-gold-reports-lower-preliminary-111141074.html

Endeavour Accused of Misleading Buyer of Two African Gold Mines

https://finance.yahoo.com/news/endeavour-accused-misleading-buyer-two-111257417.html

West Red Lake Gold CFO Harpreet Dhaliwal Explains Exactly How the Gold-Linked Notes Work

https://finance.yahoo.com/news/west-red-lake-gold-cfo-130012337.html

CMC Metals Ltd. Releases a New Mineralization Model and Selected 2023 Drill Results from Its Silverknife Property

https://finance.yahoo.com/news/cmc-metals-ltd-releases-mineralization-141000367.html

Scottie Resources Closes Financing Package with Franco-Nevada Corporation

https://finance.yahoo.com/news/scottie-resources-closes-financing-package-211000684.html

Scorpio Gold Provides Q1 Corporate Update and 2024 Outlook

https://finance.yahoo.com/news/scorpio-gold-provides-q1-corporate-100000610.html

Azimut Announces New Drilling Phase on the Elmer Gold Property

https://finance.yahoo.com/news/azimut-announces-drilling-phase-elmer-103000351.html

First Majestic Produces 5.2 Million AgEq Oz in Q1 2024

https://finance.yahoo.com/news/first-majestic-produces-5-2-110000512.html

Mayfair Gold Drills 1.97 g/t Au over 68.9m including 3.01 g/t Au over 12.5m at Fenn-Gib Footwall Zone

https://finance.yahoo.com/news/mayfair-gold-drills-1-97-110000625.html

Decade Resources 2024 Drill Program Obtains a Surface Sample with 30.9 G/t Gold and 80 G/t Silver on the Del Norte Property

https://ceo.ca/@newsfile/decade-resources-2024-drill-program-obtains-a-surface

Canterra Minerals Intersects 28 m of 1.19 g/t Au, 67.9 g/t Ag, 0.48% Cu, 5.42% Zn, 1.33% Pb, at Lemarchant Project, Newfoundland

https://ceo.ca/@newsfile/canterra-minerals-intersects-28-m-of-119-gt-au-679

Zodiac Gold Granted License Renewal for its Flagship Todi Property and Completes Phase II Drill Program

https://ceo.ca/@newsfile/zodiac-gold-granted-license-renewal-for-its-flagship

Ramp Metals Completes Drill Program and Acquires 100% Ownership in Rottenstone SW and PLD Properties

https://ceo.ca/@newsfile/ramp-metals-completes-drill-program-and-acquires-100

FOKUS MINING INTERSECTS 10 METRES GRADING 10.06 G/T AT THE GALLOWAY PROJECT

https://ceo.ca/@newswire/fokus-mining-intersects-10-metres-grading-1006-gt

Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA

https://ceo.ca/@accesswire/metallic-minerals-announces-drill-results-and-new-drill

Silver Dollar Samples Up to 29.61 g/t Gold, 2,215 g/t Silver and 3.34% Copper at the Nora Project

https://ceo.ca/@newsfile/silver-dollar-samples-up-to-2961-gt-gold-2215-gt

Renegade Gold Announces Expanded Drill Program; Provides Corporate Update

https://ceo.ca/@newsfile/renegade-gold-announces-expanded-drill-program-provides

Silver Tiger Provides Update on Pre-Feasibility Study Mineral Resource Drilling

https://ceo.ca/@accesswire/silver-tiger-provides-update-on-pre-feasibility-study-461c2

Minera Alamos Provides Santana Operations Update

https://ceo.ca/@newsfile/minera-alamos-provides-santana-operations-update

VIZSLA SILVER TO ACQUIRE LARGE CLAIM PACKAGE ALONG HIGHLY PROSPECTIVE STRUCTURAL TREND, SOUTH OF PANUCO

https://ceo.ca/@newswire/vizsla-silver-to-acquire-large-claim-package-along

Aya Gold & Silver Announces Robust Mineral Resource Estimate at Boumadine

https://ceo.ca/@globenewswire/aya-gold-silver-announces-robust-mineral-resource

K92 Mining Announces Strong Q1 Production of 27,462 oz AuEq, Exceeding Budget and Multiple Processing Throughput Records Set

https://ceo.ca/@globenewswire/k92-mining-announces-strong-q1-production-of-27462

ORVANA REPORTS Q2 FY2024 PRODUCTION AND EXPLORATION UPDATE

https://ceo.ca/@newswire/orvana-reports-q2-fy2024-production-and-exploration-fdf5e

O2Gold Signs Definitive Agreement for Acquisition of Quebec Gold Mining Exploration Property; Announces Private Placement

https://ceo.ca/@globenewswire/o2gold-signs-definitive-agreement-for-acquisition-of

Platinum Group Metals Ltd. Reports Second Quarter Results

https://ceo.ca/@newsfile/platinum-group-metals-ltd-reports-second-quarter-results-4ce9f

Eric Sprott Announces Changes to His Holdings in Discovery Silver Corp.

https://ceo.ca/@newsfile/eric-sprott-announces-changes-to-his-holdings-in-discovery

Western Copper and Gold Announces $25 Million Bought Deal Public Offering

https://ceo.ca/@globenewswire/western-copper-and-gold-announces-25-million-bought

ARIS MINING Q1 PRODUCTION ON TRACK TO DELIVER FULL YEAR 2024 GUIDANCE WHILE EXPANSION PROJECTS ADVANCE

https://ceo.ca/@newswire/aris-mining-q1-production-on-track-to-deliver-full

Waraba Gold Limited Announces Private Placement to Fund Exploration Activities

https://ceo.ca/@newsfile/waraba-gold-limited-announces-private-placement-to

Steppe Gold enters into definitive deal to acquire Boroo Gold

https://ceo.ca/@thenewswire/steppe-gold-enters-into-definitive-deal-to-acquire

Revival Gold Announces Pricing of Previously Announced C$7 Million Brokered Equity Financing

https://ceo.ca/@globenewswire/revival-gold-announces-pricing-of-previously-announced

It looks like the SM wants to go lower so a bounce could be a dead cat bounce. Hard to say what they’ll do since Biden needs a happy market in the middle of  chaos and mayhem he and his un-merry misfits are causing.  Powell really wants to drop the interest rates too but since it looks like he can’t he’s saying he may not need to and may wait till September. When have they ever got things right.

I’ve been looking at miners that are finding high grade gold in other country’s for future reference, if we have one, cuz of Biden not only interfering with oil company’s but has plans against miners too. Hopefully if Trump gets back in he’ll undo that. Nem is over in New Guinea looking a Pacific Gold FSXLF I don’t think it’s producing yet so don’t own it right now but big company’s are going over talking to them like NEM and Barrick and  heard Boliva is a good place too. Not just that but all the other problems we have now.