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

SLV is still $3 away. GDX broke above it a couple of weeks ago. Obviously, the shares are finally leading.

I suppose the shares could pause while the metals play catch-up, and there is a gap about $6 lower.

The best thing is that we’re doing this against everything that would have crushed us just a month ago. Falling SM, rising rates and rising oil. The dollar held up today, but that chart looks sickly to me.

Feels like we’re just getting started, but we all know how that goes. Cautiously optimistic that this is the big one. 🙂

Wall Street Mav
@WallStreetMav
·
2h
Self deportation works.
Quote
Daily Mail US
@Daily_MailUS
·
20h
JUST IN: Prince Harry and Meghan Markle are moving back to the UK

They’ve got gold locked down but the shares are saying not for long. The Bitcrap effect.

If we find ourselves to be one of the few things going up in a down SM, look out above. We saw that 25 years ago.

I guess we’ll find out …

Do we see in the tea leaves future housing crisis worse with the sacrificing  commodities including housing for the dollar and then at some point in the future Fed buying mortgage backed securities QE to attempt to bring it back down?

The AI was hyped and hurt businesses even with good sales but didn’t reach unrealistic expectation of talking heads. I don’t think these data centers are gonna be too popular either. There’s a menace.

….like a pivotal moment in the battle!!!

zerohedge
@zerohedge
um, guys…

I wonder if $4500 is as important to the scum as $65 seemed to be in silver.

It looks like $70 is coming in short order. If $4500 breaks, does that imply that $5k comes in a hurry?

Regardless, the shares are pricing in higher metals, at least at the moment. They are desperately trying to tie the shares to the SM.

The Kobeissi Letter
@KobeissiLetter
·
20h
What the government is doing now is the equivalent of holding a 30-year mortgage at a 3% interest rate and refinancing it into a 4% one-year adjustable-rate mortgage.

In other words, you are replacing longer-term, lower-cost debt with shorter-term, higher-cost debt.

Now apply that to trillions of US dollars.

That is effectively what the US Treasury is being forced to do as long-term yields surge.

Unfortunately, the Treasury is largely playing the hand it has been dealt.

The next phase of the US deficit spending crisis began today.

I think it’s the algo’s as well via the banks, BUT I think they’re given a blank check and freedom from rules by the Fed. So, it’s still indirectly the Fed.

The banks care about profit, they don’t care whether it comes in the form of dollars, Euro’s or anything else.

This is a battle. Good to see us trying to hold on despite the relentless pressure.

The pm share and silver bull still has some life in it, even with the SM down and rates up.

Maybe even gold will kick it into gear?

I’m not sure the old scum, who I reckon were the Fed etc are operating anymore…….the scum I’m talking about are Algo type shorts and bear traders….but today they may have met their nemesis ….looks like share buyers are leading, they bid a down opening …..

Cheers

ABC7 News
@abc7newsbayarea
An Amazon customer in Texas was not enthused when her first drone-delivered order was dropped into her swimming pool. After hearing the loud buzzing of the drone arriving, she ran outside to record the delivery, and to her surprise, it landed in her pool.

https://x.com/abc7newsbayarea/status/2090204677992325185

From your charts of rising interest rates in Europe I’d bet that they are contemplating new money creating schemes just like the US. Bullish for us!

I don’t think the AI bubble will end well … anywhere!

Re: South Korea electing a “commie”

That’s unfortunate and surprising, such a successful and prosperous country electing a commie? It doesn’t make sense!

I ignore Bitcoin…I don’t consider it has any worth at all….I’m in the Charlie Munger camp……a great mate of mine ran one of Wall sts largeset Co’s back office world wide….he said it was utter crap, as well.

…..Though I hear what yr saying and yes it would annoy me if I followed it….

This was part of the last interview Charlie ever gave

Charlie Munger eviscerated cryptocurrencies in an interview with Stripe’s cofounder and president John Collison on a new episode of the “Invest Like The Best” podcast. It’s one of the last conversations featuring Munger to be released following his death aged 99 last week.

Munger, Warren Buffett’s right-hand man and Berkshire Hathaway’s vice-chairman for nearly five decades, trashed bitcoin and other digital tokens as worthless and deplorable, and wished they were banned.

While he much preferred investing in productive assets like businesses, he still preferred gold to crypto.

“I don’t hate gold as an investment as much as I hate cryptocurrency. I think cryptocurrency ought to have been driven out as illegal,” Munger said.

“I don’t think that buying a percentage of nothing is a good investment, even though it’s hard to create more nothing.”

Munger dismissed crypto as a “scumball activity,” and decried its promoters as largely “scumballs” or delusional.

The late investor said the technology served not as a store of wealth, but as a “store of delusion.” He also slammed it for fueling all sorts of undesirable behavior, as it enables anonymous transactions that bypass the conventional financial system.

“It’s ideal for drug dealers, dope dealers, scam artists of various kinds,” he said. “Every kind of criminal you can imagine. Very good in extortion, kidnapping. Why would we want a wonderful, crime-facilitating, new medium of exchange?”

Munger also said it was a “huge mistake” for Sequoia Capital, the storied venture-capital firm, to make an early investment in Robinhood given the trading app’s embrace of crypto.

“You’re successful with Sequoia and you’re identified with financing people like Apple and so on, why in the hell would you take Robinhood, you know it’s some goddamn crypto? It’s totally crazy,” he said.

Munger has railed against crypto on many occasions, calling it “rat poison,” a “venereal disease,” an “open sewer,” and an “absolute horror.” He also said he wouldn’t want anyone involved with crypto to marry into his family.

The price of bitcoin, the most popular crypto, halved to below $15,000 in 2022. Yet it’s more than erased those gains this year to trade above $44,000 – its highest level in more than 18 months.

You hit the nail on the head!

The scum just have to keep the game going as long as possible……..

news is super bullish, so if you wait a bit u will get much higher prices to sell at…any CB selling via a dealer will be told that ……why push prices down hard, unless you are caught short and are trying to cascade a sell off.

that Bitcoin just continues higher this am?

No damage there because of oil or rates or the SM. Nope, no worries or challenge of the round number $70K

Yet gold gets challenged every $100 up.

South Korea has elected a full on commie, hence the recent collapse in the Kospi.