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

This kind of action in the futures market may be unprecedented. The general public doesn’t appear to be buying yet which signals a top is near. Open interest indicates the top is much further up.

Look for the rules to change soon. A default is imminent on the crimex if they don’t change the rules. This is the mother of all short squeezes.

This market has gone too far without a correction. It tried to sell off a few times but the buying was just too much. If your playing on margin, you may be front and center in a bloodbath.

Gotta eat my turkey sandwich now.

rno

getting down close to 60:1

we are living in interesting times.

Bet Trump won’t be happy about that. But they are opening a new refinery at Salt Lake in 2026, maybe that’s why the old one is closing? I got some Johnson Matthey 5kg bars back in ’01 for AUD1,476. I think there are still a couple in “deep storage”.

We were looking for a source for prices in the Shanghai spot market.

Almost has made back all the margin increase…….

https://www.netdania.com/comodities/gold

Click on instrument and scroll down to silver

62.19 the spike low support level, in the Au/AG ratio …. gets taken out, like it was not there.

Gold up 43.10
Silver up $2.68

I’m having trouble posting the video from my iPhone. Looks like they shutdown the Johnson Matheny refinery in Salt Lake City. Big problems for silver supply.

Can’t find a time that SMM opens on 26th Dec, but it isn’t a holiday.

If anyone has a solid source, feel free to share.

Kitcco has $73.55 up $1.70

Looking good.💪

‘..they can’t take my physical..’

Bearing down on $73.

I wonder what the phyzz price looks like in Shanghai?? Looks like $77.20

https://goldsilver.ai/metal-prices/shanghai-silver-price

I’m wondering how long before they’ll be raiding the local dealers? They are still offering below spot on all silver I’ve seen.

Santa’s in the house! Wooohooo!!!! Bugs won!

“Days when decades happen” to misquote Lenin.

I have a friend who worked for them at that time.  He was in a board meeting with one or more of them and some other people about different aspects of their operations when the news arrived. I don’t remember all the details he related, but it was a very interesting day to hear him tell it.

But this is why you do not have gold certificates – paper – and why you hold it yourself, not in ETFs or deposit boxes at banks or bullion dealers.

FDR certainly did , effectively , in 1933 , limiting ownership of gold to 5 ounces , and withdrawing gold certificate bills issued by the treasury , as I understand it.

Own physical, in your hands. No paper. Don’t buy on margin. The Hunts tried playing by the market’s rules, and the market, which controlled the silver, changed the rules. If you have your physical, unencumbered, in your hands, you aren’t subject to the market rules (although you are affected by any pricing shenanigans; but they can’t take your ounces).

This time, the Chinese own the silver. They aren’t subject to US market rules. The US market (including the banks) is realising that its rules don’t matter any more. Paper is, errr, paper. The banks need physical and have to pay any price for it. I suspect they aren’t getting yours!

The Chinese own the silver. Now they make the rules. I find it rather ironic. It’s only when the communists take over the market from the bastion of capitalism (well, debtism) that we get price discovery.

There is a difference this time around. The Hunt brothers tried to corner the market but they were just one entity using borrowed money in large part to do it. The entities buying silver this time around are sovereign nations buying for their own hoard and industrial companies that need it to produce their products. This isn’t a matter of breaking one rogue bank, these sovereigns and companies aren’t looking to flip their metal for a profit.

In that last video I posted the Asian guy lists a number of countries that bought physical silver and how much. I was stunned.

The American public and the Wall Street banks might be the only ones stupid enough to continue to play on the Comex.

The kicker was how much phyzz, JPM, B of A and another bank just bought of phyzz at $72 +. They smell a default by the end of March if this guy is right.

There’s going to be a lot of nervous eyes on Shanghai tonight.

you ask, “…they change the rules to favor a particular party (banks, shorts), how can they be trusted in any of their other markets?”

what they did to the hunt bros. was closely parallel, and people continued to buy their garbage.

same scum, different day.

“no one has ever gone broke by underestimating the taste or good sense of the american public.”

…h l mencken

The COT report shows that the scum still has over 100K short contracts on the books.

https://www.cftc.gov/dea/futures/deacmxlf.htm