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

Gold Train

Posted by Maya @ 23:53 on March 8, 2020  


The Rio Grande Zephyr, fueled and ready to go


“We would stress that it is not in any OPEC+ nations’ interest to have sustained oil prices below US$50, and hence we see this solely as a strategic move from the Saudis

Posted by Richard640 @ 22:34 on March 8, 2020  

[I didn’t think a V recovery was possible but if this article is correct, there could be quite a violent recovery from a panic drop into the a$15-$25 range-maybe not to 60-80 buck oil but just to 40-50 buck oil would suffice to make XOP calls a big winner]

“Historic” oil price war sends crude into downwards spiral—March 8th 6:31pm


But the end-game here is not low oil prices, but rather forcing Russia back to the negotiating table. The question is how long – if at all – that will take. “We would stress that it is not in any OPEC+ nations’ interest to have sustained oil prices below US$50, and hence we see this solely as a strategic move from the Saudis,” RBC says.

Put spread traders are set to almost 10x their bets. WTI June $34/$29 put spreads, which traded almost 13,000 times on March 4th for $2.9M, are now worth $26.5M. In early trading, more than 200 May $15 puts traded.

“What makes this price war especially dangerous and historic is it breaks out simultaneously with a massive demand shock… from the coronavirus. “We have not seen that toxic combination since the early 1930s when [Texas’] monster Black Giant field started up in the teeth of the Depression, sending crude oil prices down to pennies on the barrel,” Robert McNally, president of Rapidan Energy Group, a Washington, D.C.-based energy-market consulting firm, said.



Posted by Buygold @ 22:16 on March 8, 2020  

Silver is inexplicable.

We’ll see what the morning brings.

Still scum sell at $ 1700…

Posted by Maddog @ 21:59 on March 8, 2020  

Even though EUR/USD just jumped from 1.14 to 1.15 in minutes. and Dlr/Yen fell from 103.70 to 101.50 !!!!!!

As someone just puked up more carry trade losses.

Clearly the scum are going down with the ship.

Crude Oil Down 21%? Bonds higher? Dow SnP Down?

Posted by Mr.Copper @ 20:51 on March 8, 2020  

Maybe this is the big one Elizabeth. Red Fox.

Maddog, Captain

Posted by Buygold @ 20:16 on March 8, 2020  

Not unfathomable. Could happen I guess. Gold will get stronger but they have their boots on silver.

The SM and oil are toast for awhile. JMHO


Posted by winedoc @ 20:12 on March 8, 2020  

I agree,  we should be up $100 and screaming.

Feels different this time,  at least from other times  🙂

CDN dollar crashing with oil

See what morning brings


PS:  Silver Motorcycle Parts still cheap ….. Go figure


vronsky020210-1iu  unknown


Posted by Maddog @ 19:50 on March 8, 2020  

It dropped nearly 20 % in ’87, that is over 5000 pts tdy……it concentrated the mind at the time….

Hate to say this…but Gold shud be plus 100 and flying here….scum are all over $ 1700…puke.

Posted by Maddog @ 19:35 on March 8, 2020  

Buygold @ 19:10

Posted by Captain Hook @ 19:14 on March 8, 2020  

To equal 87 it would take ~ 5k.

Everything’s crossed.


Hey Maddog

Posted by Buygold @ 19:10 on March 8, 2020  

Hoping the mystery seller @ $1700 is overwhelmed by the morning.

Can you imagine the panic if a black Monday type of event took place in the SM?

It’s down 979 pts. now, how many pts. would that be in todays SM?

The 30 yr is up almost 4 handles…the wolf really is at the door this time and I told you

Posted by Richard640 @ 18:49 on March 8, 2020  

that at Davos that guy Mr. Prince rang the bell when he said the boom bust cycle is over…besides all the other bells ringing like the magazine covers…the bull/bear/sentiment indicators


what if

Posted by Maddog @ 18:44 on March 8, 2020  

we all know JPM is the big Solver short/seller….What if they knew the Fed was gonna keep a lid on Gold, so decided that they could make even more money by shorting Silver, knowing that the Fed was there in Gold….and what if when the virus struck Dimon realised that the game had changed radically and they were ***ed, which caused him to have heart attack.

World financial markets=TILT–TILT–TILT–!!

Posted by Richard640 @ 18:43 on March 8, 2020  

THIS IS A 1947 6-FLIPPER D. GOTTLIEB–my Dad bought it for me in 1954–he paid $15…I was 11 yrs old and thrilled!


Ali-Baba Backglass


Ali-Baba Illuminated Playfield

whose selling Gold at 1700…..i wonder.

Posted by Maddog @ 18:40 on March 8, 2020  

Captain–Brent is already there @ $30–if options were available I’d prolly

Posted by Richard640 @ 18:39 on March 8, 2020  

take a 50% position right now in some may or june XOP calls

Richard640 @ 15:01

Posted by Captain Hook @ 18:21 on March 8, 2020  

Ya that would be a gift.


6:05–Yup-It’ll be a black monday-DOW down 916 and CRUDE DOWN $11

Posted by Richard640 @ 18:06 on March 8, 2020  


Posted by Maddog @ 16:15 on March 8, 2020  

Tks for yr Sons thoughts…that makes plenty of sense….i think the one thing that has gone wrong, is that travel has not been shut down, anywhere near early enough….it’s too late now…..but a few months inconvenience could have stopped the spread much easier.

But that doesn’t fit the Globalist agenda…the EU still has not shut anything down, nor has the UK…

Now we might have something worse to worry about.

Posted by goldielocks @ 16:08 on March 8, 2020  

The Bird Flu has broken out in China.

Good Funny Biden Gaff

Posted by Mr.Copper @ 16:04 on March 8, 2020  



Buygold @ 9:32

Posted by ipso facto @ 15:20 on March 8, 2020  

Have to send that one on! 🙂

Captain–thanks for the input…I’m thinkin 20-25 bucks for a panic plunge in crude is possible

Posted by Richard640 @ 15:01 on March 8, 2020  


That said….at $30 I’d start building a position…

My Gush was $42 within the last year-I stopped tracking it at about $3…then it had a 10 for one reverse split

Posted by Richard640 @ 14:41 on March 8, 2020  

so it was about 30 or 40 bucks–as of friday it was $5…so without the split GUSH went from $42 to 50 cents…and if oil craters to $20…then what? 20…30 cents??  [$2 or $3 bucks post split down from 30-40 bucks??

They’s gonna be lots of freebies like that all over the energy landscape–it’ll be like the 1974 low in stocks

Richard640 @ 9:17

Posted by Captain Hook @ 14:38 on March 8, 2020  

Yes that’s bound to happen at some point.

It will trade with a positive correlation to the stock market while stocks are crashing however.

So based on the indications right now,which you pointed out looks bad for tomorrow, one should perhaps be both patient and nimble if you are thinking of taking a whack at it.

Myself I like the short stocks – take profits regularly – turn them into physical silver for as long as it’s still available trade.

That’s what I am doing because at some point the geniuses of the world (sarcasm) will figure out just about everything will need to be coated with silver in order to prevent the spread of these deadly viruses and a severe shortage of physical can develop over night.

That’s why the bankers are abandoning their Comex silver short and it would be surprising if they step back up to the plate when it starts to rally because they know what is happening.

But they are on a suicide mission so who knows — they might try to continue fighting it because it’s all over for the asshole bankers once silver is out of the barn.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.