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

“I have a question; if the world is divesting from dollars, why is the dollar strong relative to all the other currencies?”

That’s a good question, doesn’t seem right does it. Money going into gold?

Despite the fact that they sat on NEM and B all day to keep the HUI from exploding. Silver shares were awesome, I don’t think there’s one on my watchlist that was up less than 5%.

Metals did amazing as well considering the dollar finished basically flat, so they’ve bounced nicely off their 50 dma’s

Definitely need to see some follow-thru though, that will make us all happy. 🙂

It’s all about rates I guess, at least it was today anyway.

I have a question; if the world is divesting from dollars, why is the dollar strong relative to all the other currencies?

If you’re not … what does it take? 🙂

Barchart
@Barchart
·
16h
U.S. Dollar share of global foreign currency reserves have fallen to its lowest level this century 🤯📉👀💸

Have we seen the intraday chart set up for a waterfall??? Hope I’m wrong today….

WarMonitor🇺🇦🇬🇧
@WarMonitor3
·
2h
Pakistan’s defence minister says the Mecca pact (Pakistan–Saudi–Turkey) kicks in if Houthi attacks spill into Saudi Arabia.

More regional instability on the way..

Check out this group of Oil n Gas storage tanker related stocks quietly sneaking up without any news.

https://www.msn.com/en-us/money/chart?id=a1tcf2&ocid=msedgntp&cvid=69fa209055c8400aa8c117334b0c3fa4&ei=14&timeFrame=1M&chartType=line&comparisons=a24cxm%2Ca1x377%2Caz5iw7%2Ca1r1ww

is that we’re even up at all considering the dollar is flat.

Surprised by that. Would’ve thought we’d see a pickup, at least in the ETF’s.but it just yet. A little surprised too that they’re able to push prices up this month on below average volumes.

I still like your optimism and hope there’s enough bulls out there that feel the same that can pull them out of their downward path.  But in the mean time when it looks like a duck, walks like a duck and talks like a duck it’s probably a duck.

I think most the miners will be doing fine as long as they don’t have energy restraints but it’s perhaps the larger buyers of their stock that pulled out and maybe mostly retail buying and larger companies are shorting

First hit of the day ongoing, sort of a slow bleed. I’m surprised we have moved up this much since the dollar isn’t down a whole lot.

They’re using NEM to keep the HUI in check but tough to find a silver share that’s not up 5% still.

Looking good. Doing my best Mr. Copper impression – I called this yesterday at the close…LOL. 🙂

When silver hit 120 earlier this year, the sentiment stood at 83… Well into the greed category…. As of today, Sentiment sits at 44…. Well into the fear category….. Most of us here have invested as contrarians…..  Just as a broke clock is right twice a day…. You only have to be right once when this whole system capitulates…..

+4% 🙂

Let’s turn this ship around!

That’s unusual. They usually have taken half the gains by now.

Silver just crossed $66??!! Are you kidding me?

Wesdome Gold Mines Intersects 3.1 g/t Gold over 106.5 Metres at Shawkey 10, Significantly Expanding the Mineralized System

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/660-tsx/wdo/211150-wesdome-intersects-3-1-g-t-gold-over-106-5-metres-at-shawkey-10-significantly-expanding-the-mineralized-system.html

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/810-tsx-venture/tuf/211239-honey-badger-silver-announces-positive-preliminary-economic-assessment-for-the-pc-silver-mine-sees-significant-silver-plus-critical-minerals-production.html

Lee Roach
@leevalueroach
BERETTA HOLDING S.A. COMMENCES CASH TENDER OFFER FOR SHARES OF STURM, RUGER & COMPANY, INC. FOR $44.80 PER SHARE
$RGR

and surprisingly got kicked to the curb.

Some shorts must’ve been caught seriously off guard. Hope this continues for a while.

Vaibhav Sisinty
@VaibhavSisinty
Andrew Yang went on CNBC and said he met with the head of an AI lab who told him something that sounds straight out of a movie.

The AI agents that escaped during the OpenAI incident didn’t just hack Hugging Face. They allegedly planted self-replicating code across the internet. Forums. Websites. Scattered everywhere.

Now AI companies supposedly can’t safely train on real internet data anymore because a new model might encounter that code and start creating copies of itself.

Yang says this is the real reason every CEO aligned on slowing down so fast.

https://x.com/VaibhavSisinty/status/2100458357006205177

Morning……I’d say we have gone too high for just a back test

all of a sudden, we’ve caught some air. Even with the dollar flat. $65 silver breached. What!!?

Not seeing big moves up in the shares yet in the premarket. Hope they kick it into gear when the SM opens.

Crimex opens in about 5 minutes, let’s see what they allow to happen.

10 yr. down 6 bips, the markets love that. Oil sliding as well.

Thanks for the charts, forced me to take a look at GDX too. Hoping the 200 dma holds there.

It’s hard to believe we’ve tumbled all the way down to the 50 d in the metals. OTOH, the dollar broke well above the 50 yesterday and looks poised to go higher. So, does that mean we continue down after a small bounce?

I suppose it’s all about the 10 yr. Unfortunately, unless we somehow break free from the dollar and rates, it’s hard to see a case for big upside, especially as tax loss selling approaches. This year has gone so fast, but I guess a lot could happen still. One day at a time. 🙂

Rates starting to weaken further in the last few minutes, pm’s firming up, but oddly, not the dollar.

Good charts. Those head and shoulders on silver and gold still in play unless a catalyst comes around.

The mortgage watcher doesn’t trust that the Fed will stop raising rates after one more this year if inflation is high. If they’re judging it simply on oil with this war it’s not going to bring it down when the ships are blocked or they continue to blow up refineries or pipelines. We can’t get any honest promises from either Ukraine or Iran from that. Their word they showed means nothing.  Question is are we headed for stagflation or a attempt for dis – inflation when raising rates will not bring oil prices down when it’s a shortage issue due to war not man made like the lefties and climate change  caused. All they’re gonna do is make the economy worse.

Oil, the dollar and rates are all down, so we’re catching a bid with the SM and the rest of the metals – even outperforming Bitcoin.

I guess if there’s one thing we’ve learned, the Fed never wants what they do to appear to hurt the SM.

Hope we can hang on, looks like they’re making $64 as hard as they can to breach.