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

Richard640 @ 19:55

Posted by Captain Hook @ 20:56 on May 20, 2020  

Into 1930, after the initial crash in ’29, it took 6 months for the bounce in stocks to run its course as speculators likely tried to short the a potential top, as they are doing now.

I don’t see any reason why such timing can’t at least rhyme this time around (4,5,or 6 months or more?).

Wouldn’t it be convenient if the medical mafia rolled out another virus scare this fall just in time for the election.



Posted by ipso facto @ 20:45 on May 20, 2020  

Just that the juniors have been rising faster than the big boys for quite some time now. It’s not an overbought oversold thing.

The Latest Urban Tax Grab

Posted by Maya @ 20:35 on May 20, 2020  

“Storm Water Runoff Tax” for property owners.  Calculated by how much square footage is paved over, causing water runoff into storm drains and ultimately to (rivers and) the ocean.  The cable company’s production arm had a big push to get school kids to produce ‘public service’ TV ads that are airing on cable channels now, attempting to justify why it is the right thing for ‘cleaning up the environment’.  Property owners in urban Honolulu are going to see their property taxes balloon up to something huge in money… some talk of possibly doubling one’s present property taxes.

They want to encourage more ‘green space’ for drainage areas where water can soak into the ground and replenish the aquifer.  But it is a massive bureaucratic money grab.  The city & county is setting up a whole new bureaucratic department of “Storm Water Management”.

Thankfully I live in a different county that is mostly rural.  No storm drains in my area, and I have no ‘paved areas’ on my property.  My roof runoff returns to the ground.

Hawaii Virus Stats

Posted by Maya @ 20:15 on May 20, 2020  

Total cases: 643 (2 newly reported)
Hawai’i County: 79
Honolulu County: 416
Kaua’i County: 21
Maui County: 117†
Pending: 0
Residents diagnosed outside of Hawai‘i: 10
Required Hospitalization: 82‡
Hawaii deaths: 17
Released from Isolation: 578§
Cumulative totals as of 12:00pm, May 20, 2020

Two new cases, one in Honolulu, one here on the Big Island.

Ipso–what’s the message?–a 66 rsi is reasonable given how far the price has come

Posted by Richard640 @ 19:57 on May 20, 2020  

Captain–can anything stop stocks?

Posted by Richard640 @ 19:55 on May 20, 2020  

“The Data Is Disturbing” – Extreme Options Sentiment Flash Red Light For Stocks

Stocks know something… they must do right? Remember, they’re a discounting mechanism… or some other such trite bullshit. They are nothing of the sort, as bond and commodity markets and fundamental earnings expectations signal quite clearly…
But “Fear not…” echo the halls of mirror and smoke vendors appearing on your education channels… Tomorrow, some other drug trial will announce the person its testing its virus on looks slightly happier, or a Central Banker will say something really market supportive like: “We’ve got lots of money and we want to give it to you so that markets don’t fall…” 

Posted by ipso facto @ 18:18 on May 20, 2020  

“The further a society drifts from the truth, the more it will hate those that speak it.”

George Orwell

GDXJ:GDX Take note of the MACD and RSI

Posted by ipso facto @ 16:23 on May 20, 2020  


Mr. Copper, roger, we will be astounded at silver this time when it starts to move

Posted by Warren @ 14:06 on May 20, 2020  


Posted by Mr.Copper @ 13:43 on May 20, 2020  

Me too, I had a few that got so low, there no sense in selling. CDE and ASM because Silver got so low. Late 2015 was rock bottom on that leg down from 2012-13. The miners FLEW for 6 months, first 6 months of Jan 2016, many went $2 to $22,

but when Trump started campaigning, “don’t worry about the economy” “don’t worry about your guns”, the second half of 2016 was a disaster for Gold and Gun stocks. No sense reading charts. I learned that long ago. No way to “chart” or predict the news which moves the charts. We can somewhat though, predict the Fed and Gold. Silver I think is sympathetic with industrial metals.

So…Use caution with Silver Copper Platinum and Palladium and other Base industrial metals. We don’t know how good or bad the global economy will perform.  I’m most confident with Gold. Global banks and currencies are skating on this ice.

Melkior Announces Strategic Partnership with Kirkland Lake Gold

Posted by ipso facto @ 13:27 on May 20, 2020  


Mr. Copper 12:49

Posted by Warren @ 13:26 on May 20, 2020  

Platinum Group Metals – I bought that one after reading a good article about how undervalued it was compared to gold as platinum came down below the price of gold and when the drought was over it should snap back to it’s usual place. It is down about 90 percent from when I bought it. I still think there is a resolution coming, but it is not coming quickly. So I hold. No point is selling a loser if it is close to worthless and there is still a chance for it right? As you can see, I am no day trader. Did the same thing almost 20 years ago as a newbie to the gold story when I lucked out with ECU Silver, bought at a nickel or 6 cents and it got as high as $ 2.40. Made a fortune on paper but didn’t sell any so lost the fortune on paper when it went back to where it came from, got bought by somebody I have forgotten and disappeared. I like what the Mogambu Guru always used to say, “wheee, this investing stuff is easy”. haha.

deer79 @ 10:39

Posted by ipso facto @ 13:10 on May 20, 2020  

You bet. I think it’s a good time. After a long period of under performance the smaller miners – explorers with some reserves, have started to out perform there bigger brethren.

Wallbridge kicking ass today.


@FYI Palladium Platinum Coming Back, To Play It? Platinum Group Metals PLG and Sibanye-Stillwater SBSW

Posted by Mr.Copper @ 12:49 on May 20, 2020  

Other Platinum Group Metals stocks are Anglo American Platinum, ANGPY, Impala Platinum, IMPUY. There is also a physical ETF too, PALL, but they are best avoided. Just use it to see physical performance.

@Buygold 7:21, and @treefrog 10:33, Ok got them, thank you.

Captain–got this from a friend=”day traders run for the hills the last hour”-to me today look under the spell of Mondays tick surge

Posted by Richard640 @ 10:47 on May 20, 2020  
We are sitting up on a big bearish 2 Hr bat that targets 2837-2879. HOP (point of inflection) is around 2992

I think a pullback to that 38.2 at 2886 would be healthy for a move higher.

Carney also has this 4 hour pattern that might play out in same area.



Posted by deer79 @ 10:39 on May 20, 2020  

Thank you for posting the informative piece about smaller cap miners. FWIW, I sold a few of my higher caps that I had small profits on ( emphasize “small”) and will roll that cash into some of the small cap miners. Just thinking more “bang for the buck.”

mr. copper

Posted by treefrog @ 10:33 on May 20, 2020  

thanx for the heads up on avino!

Pay More

Posted by ipso facto @ 10:26 on May 20, 2020  

Silvercorp amends Guyana merger terms with improved offer

Silvercorp Metals (TSX: SVM) and Guyana Goldfields (TSX: GUY) have agreed to amend the terms of their merger arrangement, which would see Silvercorp making a significantly higher offer than the previously announced C$105 million deal.

The parties came to a new agreement following receipt by Guyana Goldfields of an unsolicited all-cash proposal from a third party to acquire the company. Last week, Guyana Goldfields rejected an all-stock offer from Gran Colombia Gold (TSX: GCM) as it was keen on pursuing a merger with Silvercorp.

Under the new terms, Guyana Goldfields shareholders will now receive, for each share held, C$0.25 in cash and 0.1849 of a Silvercorp common share for total consideration of C$1.30 per share. The improved offer would value Guyana Goldfields at approximately C$227 million.

Silvercorp amends Guyana merger terms with improved offer

Surfs UP

Posted by Ororeef @ 10:18 on May 20, 2020  


New trend?

Posted by Buygold @ 9:40 on May 20, 2020  

Third day in a row of USD weakness – go figure…

RSI on SLV is over 78. I keep waiting for the smash.

Some companies to look at

Posted by ipso facto @ 9:09 on May 20, 2020  

Guru’s shortlist of producing and advanced stage ExploreCos (those with endgame potential)

May is buy time for Gold in Election Years !

Posted by Ororeef @ 8:44 on May 20, 2020  


Wallbridge Reports Strong Intercepts from the Area 51 Gold System at Fenelon

Posted by ipso facto @ 8:26 on May 20, 2020  


Nighthawk 2019 Drilling Summary Sheds New Light on Colomac and Highlights Key Deliverables

Posted by ipso facto @ 8:24 on May 20, 2020  


Harte Gold Announces Filing of Financials for First Quarter of 2020

Posted by ipso facto @ 8:22 on May 20, 2020  


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