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

Relative Performance US Dollar Versus Gold

Posted by Mr.Copper @ 13:35 on July 27, 2020  

Look at how high the dollar was early 2017, 104 on the Dollar Index.

https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1

Now look how low Gold was at the same time, early 2017 $1160/oz.

https://finviz.com/futures_charts.ashx?t=METALS&p=m1

So the Dollar is slightly lower today at 94, but Gold is a lot lot higher at $1,931/oz. If the Dollar goes back down 88 again, like early 2018, which is very likely, Gold would get a lot MORE tailwind behind $1900.

Remember the old days? When TPTB liked pushing Gold DOWN by announcing “The Bundesbank is going to sell 2500 tons”. Now why would the manipulators kill the Gold price BEFORE a sale? Other times the bozo/bankers would simply announce higher interest rates to subdue the Gold price. They can’t do that anymore. These economic idiots are now backed into a corner with only one checker, like the end a checker game.

The next earnings reports will be extraordinary !

Posted by Ororeef @ 12:03 on July 27, 2020  

for Royalties..THeir expenses are all up front .increased income from sales goes 99% to the bottom line ..P/e ratios will go up rapidly  .

Other miners not quite as leveraged ,but with low energy prices that are 25% of sales and lots of labor available they also will do very GOOD…!

@Maddog re your 10:32 “The abandoning of the major cities looks like a permanent event. “

Posted by Mr.Copper @ 11:26 on July 27, 2020  

That would classify in my mind of another major reversal of the past. In todays paper a big story about all the republican anti Trump groups popping up in favor of Joe Biden.

The story led me to believe the present administration is really a new THIRD party. The old republicans and democrats were really only one shit party. The Republicans were only SLIGHTLY better and slightly less obedient to foreign nations special interests than the democrats. It was often said, the right wing and the left wing are both on the same bird.

Bottom line:

Another reversal. The Trump party is a new third party, or a new SECOND party if you consider the other two as one useless 75 year “let America die” party. I watched the US decline thru all presidents. And the USA will continue to decline if the Bankers and big businesses keep maintaining the Chinese dollar and US Dollar pegged.

They have been trying to restore America WITHOUT divorcing China as the global manufacturing business vendor sanctuary.

The US Dollar is in trouble, and if the Yuan is pegged to it, maybe they are both in trouble. Or maybe a crashing Dollar with automatically de-peg and let the Yuan climb climb climb against the Dollar because they don’t have a $25 trillion budget deficit.

And the Yuan might be the new world reserve currency. Then their STRONG YUAN will export their jobs and import from US, European, Japan, etc etc et al. The USA and rest of the world will be the new “emerging markets” created by Chinese middle class consumers and tax payers.

P.S. re my let the Yuan climb climb climb against the Dollar? That means instead of $1 buying 7 yuans, $1 dollar would only be able to buy ONE Yuan. And only ONE Yuan (instead of SEVEN) in China would be able a Dollar.

G&S rockin again today stay put

Posted by Ororeef @ 11:20 on July 27, 2020  

buy right ,stay tight…sez Jessie    .It wasent my trading that made millions,it was my sitting tight ! (Jessie Livermore).

from 2016 when I got in,i am up 5x ….theres another 5 to go  ,maybe more ! a ten bagger without panic ,without the Indians,without the Chinese ..when they join in it could be 20 0r 30 bagger..  I had a 90 bagger from 1975 to 1987 ..    keep the faith !   nobody had money in 1975  ,just like today..those that had some and were willing to invest it did extraordinary …Timing is everything my business in 1975 had just turned profitable after 3 years barely breaking even ….I took some courage to invest then and now ! Playing it safe would have done nothing but been a good job.Investing at the bottom takes courage…..Courage,Capital, Know how ,in equal doses..There is no success without Courage ! Luck is sustained Courage…..The harder I work..the Luckier I get …!

Wallbridge Mining hasn’t been doing much lately. Needs some good drill results to get a new boost.

Posted by ipso facto @ 11:09 on July 27, 2020  

http://schrts.co/DFCdYZMV

Unfortunately

Posted by Ororeef @ 10:56 on July 27, 2020  

the number of blacks working for the Government is whats keeping Racism narrative going ,without racism they dont have a job …(How did you get this Job),Government is the problem as usual !

R640

Posted by Maddog @ 10:32 on July 27, 2020  

The abandoning of the major cities looks like a permanent event. London is by most accounts a zombie city, the centre is dead, footfall is 10 % of what it was.

Canary Warf an extension of the City, has a daily population of 120,000, as of now @ 7000 are coming in. Docklands and Heathrow the two main airports are running at under 10 % of capacity, same for hotels, mass layoffs are just round the corner.

Unless something happens soon and with our current cretins running the show, that is next to impossible, London will collapse financially.

I don’t think Mish believes in “the rig” but at least he’s a Bull … for now

Posted by ipso facto @ 10:22 on July 27, 2020  

Mish: Gold Hits New Record High And There’s More To Come

https://www.zerohedge.com/commodities/mish-gold-hits-new-record-high-and-theres-more-come

The great Rick Ackerman==Trump to easily win

Posted by Richard640 @ 9:57 on July 27, 2020  


If Trump wins in November, it is foreseeable that his many enemies will ratchet up their hatred for him to even more destructive extremes. A bloody civil war would become likely, escalating an already violent cultural battle to a new threshold. How this might impact our schools, workplaces and neighborhoods is unpredictable even if the tactical outcome is not. The red states, wide-open spaces where politically conservative Americans tend to live and work, have superior firepower, to put it mildly, and their geographical vastness has rendered them invulnerable to attack.
They also provide most of the food consumed by blue-zone denizens, implying red partisans could lay siege to blue, bringing the color war to a relatively quick end. Political liberals have taken to boycotting the wares of nearly everyone perceived as unfriendly to their cause. It remains to be seen whether conservatives can get sufficiently aroused to return fire, not only by boycotting every product or service associated with liberal ownership, but by disrupting the flow of essentials into the big cities where they live.—

Voters’ Deep, Dark Secret


These are the voters that the polls would have us believe are in Biden’s back pocket?  Add in fifteen million centrists who wouldn’t dare confide to a stranger from Harris or Gallup that they plan to vote for the Orange Man, and you can see why Trump is going to win, and not by just a few votes.  His re-election cannot but beget a violent reaction, as noted above, but it will take nothing less to produce a catharsis capable of putting America back on track. As leftists are fond of saying, you cannot make an omelet without breaking eggs.
 

Starvation Videos at Six!


It is not hard to imagine the Democrats’ urban strongholds running up the white flag in a month or two, when they’ve come to resemble hell-holes like the ill-fated Chaz in Seattle.  Cities that have been run into the ground over the last 50 years by Democrats would become far worse, virtually unlivable even for the dregs. Who would want to remain in such a place? Even Antifa, when they are done looting and setting businesses ablaze, return to their parents’ basements to quaff beer and watch themselves on television. Watching themselves starve would surely take the fun out of their Visigoth notoriety.

I used to imagine that America’s Second Civil War would begin when a gang of Che wannabes got caught in the middle of the night trying to topple a statue in Boise, Idaho. The local militia would put a quick end to this mischief while the perps’ 911 calls went unanswered for a few critical minutes. They’d become instant martyrs on CNN and MSNBC, but only for the dwindling audience that still tunes to these stations for news. Although this scenario seems likely to play out somewhere in America, and perhaps in many places, a siege is even more likely to decide the coming war’s outcome.

Small-Town Papers Will Save Us


We shouldn’t get our hopes too high that it will make the nation a better place overnight. The culture wars will continue, perhaps for decades, and those who have poisoned Americans’ sense of themselves will be extremely difficult to dislodge. This is notwithstanding the fact that most of us recognize we are not racists, that our history is not deserving of shame, and that we are not the monsters we are portrayed to be by those who foment the news.  Ironically, a revival of small-town newspapers is the best pathway we have for restoring the values that made America great. This will happen because the demand for news at the local level has always been insatiable. It remains for entrepreneurs to find ways to gather and distribute news economically by jettisoning the brick-and-mortar model.  Once revived, small-town papers will allow Americans to come together in ways that we cannot as long as the major purveyors of news act as provocateurs.

Concerning Trump’s odds in November, it’s hard to see how he could lose. The canvassers are even more wrong than they were in the months prior to the 2016 election.  Conservative pollster Karl Rove deserves special opprobrium because he should know better. He’s been so busy splitting electoral hairs in blue-collar states like Pennsylvania, Ohio and Michigan that he’s blind to the massive shift of working men and women away from the Democrats that began 50 years  ago. Construction workers were fed up then with sending their sons to Vietnam to die while campus protestors dodged military service. They are even more fed up now, having witnessed the implosion of the nation’s schools, the abysmal failure of a $20 trillion war on poverty, the heightening of racial tensions to a state of war, and now the abandonment of our biggest cities to sociopaths.

scum are awake and have

Posted by Maddog @ 9:16 on July 27, 2020  

bid the Dollar, hit Oil and tried to knock PM’s…so far they are OK.

Buygold @ 6:47

Posted by ipso facto @ 9:10 on July 27, 2020  

Yes, very sad that some of our friends couldn’t make it here with us. They’re smiling down from Heaven.

Soon the FOMO folks will join in … then we’ll see some real rocket ships!

Maya @ 3:16

Posted by ipso facto @ 9:07 on July 27, 2020  

Sorry to hear about Aunt Ruby. Eventually we’ll all meet up again.

Stay safe!

goldielocks @ 3:00

Posted by ipso facto @ 9:04 on July 27, 2020  

A lot of Deadeye’s great stories are linked on the sidebar under “Deadeye’s Chronicles.”

I sure miss him.

Going to be a big money maker

Posted by ipso facto @ 8:58 on July 27, 2020  

Teranga Gold Announces Positive Pre-Feasibility Study Results for Top-Tier Sabodala-Massawa Gold Complex

https://finance.yahoo.com/news/teranga-gold-announces-positive-pre-210000099.html

Buygold

Posted by Maddog @ 8:39 on July 27, 2020  

Gold is now free and clear to any numbers…even the Adens who are very conservative have talked huge number, $ 7500 to $ 25 K.

Silver is now breaking up from the Cup and Handle, which counts on a conservative basis to $ 67…..but the 30 year Saucer base counts way higher……it is perhaps the largest Saucer base of all time, which is the most powerful TA formation possible, under the wildest mkt of all time. Saucer breakouts tend to go straight up……it will not be a gentle ride.

goldielocks

Posted by Maddog @ 8:31 on July 27, 2020  

Not sure about Deadeye…as he just went silent…Scruffy had the Big C, which he was hopeful on and then he too went silent.

Crimex time

Posted by Buygold @ 8:23 on July 27, 2020  

Game on.

Whether good or bad our little sector is starting to get attention, no stopping it now…

Posted by Buygold @ 8:14 on July 27, 2020  

Gold Catapulted On Dollar Meltdown, Futures Rise With Focus On Fed

“Strong gains are inevitable as we enter a period much like the post-GFC environment, where gold prices soared to record levels as a result of copious amounts of Fed money being pumped into the financial system.”

“Monetary Moment” says Grant, I guess that’s one way to put it.

Posted by Buygold @ 7:36 on July 27, 2020  

Spot Gold Soars To Record High As Dollar Freefall Accelerates

“I think what we have is a monetary moment that is unprecedented and therefore calls for extreme caution and great humility on the parts of all of us.”

Morning Maddog, Ipso all

Posted by Buygold @ 6:47 on July 27, 2020  

Great point, time to remember those that didn’t make it here. Wanka must be smiling…

I’m not even sure where “here” is, $2K?

Almost bittersweet for some reason.

USD starting to fall in earnest, the tailwind continues….

Storm Fatigue

Posted by Maya @ 3:16 on July 27, 2020  

I’ve been elder-care house sitting with 89 year old Papa and helping keep him safe during the pandemic here.  Approaching storms are always a stressful time, preparing, and waiting.  The waiting is the worst.  Local TV stations went into 24 hour storm coverage, and this brought back stressful memories of working in TV myself.  I’ve been in the control room, keeping the TV station going on these marathon live broadcasts.  More tech stress on top of the storm going on.

So this afternoon when it looks like the islands will only take a glancing blow from the hurricane, I was starting to relax the tension a bit when the bad news came.  Papa’s youngest sister (age 81) had triple bypass surgery last week.  All was well and she was recovering in Honolulu and was due to come home, but delayed several days due to the storm and cancelled airline flights inter island.. This afternoon her heart stopped.  Papa is now the sole survivor of his family of seven.  Auntie Ruby will be sorely missed, and we are grieving at the house tonight.  I have had enough stress fatigue and sadness for awhile.

Maddog

Posted by goldielocks @ 3:00 on July 27, 2020  

So we lost Deadyeye and Scruffy. Well they will be redeemed in due time.
Too bad we couldn’t of kept all those short stories Deadeye wrote on oil. There was much struggle and work coming from another generation on getting them posted.Not being a computer guru I could relate and admired him for going through that. I encouraged him to write it down, maybe a book for those coming up interested in it. Not understanding that much in oil if we had more time as I didn’t see him after the spit with the tent back when would be to write down his time as a pilot. His grandchildren and on I think would of liked to have that.

! $?# :) price of Ag getting HIGH!

Posted by Aguila @ 1:15 on July 27, 2020  

OMG what a thrill!

Floridagold I’m thinking of you hoping you are comfortable.  I remember we met next to I65 in Tennessee but I’m sure you have not forgotten that uneventful meeting with… I think it was the balloon man.

A correction coming “they” say.  I say – too busy working overtime to worry about nickles and dimes – but when the dollars start budding out on the silver price I wake up big time !! ye haa haaaa!  I bet Equis is taking note also.  Who knows, maybe Farmboy will even check in.  We can handle corrections.  Been doing it since 1957 haha.

<special message to all you slimy cretins that scam the financial system while pretending to be normal conscientious citizens> My cash is ready to buy more metal on every correction, hope you got the metal ready for shipment (on a Big Truck!)

<special message to those who do not have physical precious metals in their own possession> GET SOME !

Other than that Howdy redneckoki

 

I find it very encouraging that funds for exploration are now

Posted by Equisetum @ 0:51 on July 27, 2020  

easier to access by the junior miners.  As more is spent on exploration, the greater the assets that  accrue to these miners and their shareholders.  I like the current setting for the PM equities that we have been holding for a long time.  Cheers, all.  Equiz

https://www.theglobeandmail.com/business/article-bought-deals-for-junior-miners-skyrocket-as-gold-nears-record-high/

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