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

You see this is why I don’t have the time and energy for this right now. I got more phyz on the way and figure either way up or down grabbed more while it’s still there. As far as the silver it will have to go to 40 to break even but that’s not the current total reason I’m grabbing some here and there right now.

Looks like the bulls and bears are fighting. Day traders probably sold could then go short but some buying going on.
If it cuts through your support will now be on current resistance. If it don’t they will not loose their gains and maybe go short and resistance will be their stop out. If it cuts through it will also be their stop going long less we go to the next level.

A concert from their 1 st ever tour of Europe, where they took the place by storm.

https://www.youtube.com/watch?v=tH4hCeJrs44

Looks like some might be holding some might be day trading the bounce. Can’t blame them. If it cuts through they’ll be back. But then raise your support. Can’t trust this market at all.

I really don’t do short term trading and watch support or resistance on charts. I just use the software to find the best percent performers on a 6 mo or 3 mo etc. Then I pick one if it has a p/e and or a div, and a decent market cap, and buy a small amount in case it goes down its a minor loss. If it goes up and I see 6%, I double the shares and then see 3%. If it goes up more, and I see padding I double the shares again. In fact I did that today, I bought a small amount of NUE, it went under a little, then came up, I saw 6% on 30 shares, so bought 30 more. Actually I spread $9,000 in three steel miners. One went under a little, one broke even and the NUE one went up 6%. So I’m watching. I evolved into a momentum player, but do have a very old long term positions like AGI CDE SAND and AG.

I’m not keeping up with things the is the market closed today? Charts aren’t showing anything. Had to go to the phyz numbers. It bounced up towards resistance but didn’t cut through so far bouncing off just under it.

Ps yesterday was support so if you miss resistance don’t miss support.

Just remember to have some phyz. I don’t trust this current situation we’re in and who knows if they lock up your paper.
Don’t get too zealous on where it could go other than a core long if you want. It’s manipulated. The last high about 11 trading days ago is now resistance. There’s others after to. Best to keep focused instead of hoping you lottery tickets will win. You can always by back if it passes each resistance them just sell the next if it bounce off it instead of cutting through. Just a IMO

I got heavy into the silver miners in 2000 and by 2003 I could have retired a millionaire but didn’t.  It was a great feeling but  — C’est la vie !  —  Now I have two jobs haha

Silverngold – I’m with Ipso and hope you’re right. $4K gold by 2022 would be awesome. No clue how expensive eggs would be at that point but I’ve been waiting a long time for liftoff.

Mr. Copper – the flipside of Silverngold’s double from here is that we go nowhere. That being said, if $1700 is the bottom, I can live with that if deflation is the order of the day.

I have no clue what’s coming.

Thanks but that’s just in the phyz sense is buy it now like I mentioned.
On the charts for trades you have different resistant levels to watch which can cause you to buy sell too much for me to worry about right now although it can be fun.

I think Mr. Metals Market is just gaining confidence that the prior uptrends are still intact, and they really don’t have to worry about the Fed raising rates. Basically after 2004 many of the futures commodity charts broke out of choppy lateral pricing since the 1970s.

That ended in 2004, probably because on 9/11, which threw the bankers off stride. I doubt we will ever see $1700 again like in March in our lifetimes. Gold is the end game, and the insurance for an ongoing slow motion financial collapse.

This chart formation is very common among many commodities:

Copper: https://www.mrci.com/pdf/hg.pdf

Here’s the home page to brows others:

https://www.mrci.com/pdf/index.php

Gold: https://www.mrci.com/pdf/gc.pdf

@Are you guys doing anything?? Anybody adding funds? Or are some of you selling into the rally??

I’m thinking silver spot took a big hit below $25 and should rebound a good percentage, so maybe add more HL or buy some EXK to cover Silver.

Has anyone seen what might be triggering this little run in the PMs?

First gold was up like the stairs, then down like the elevator. Since mid July, it was down like the stairs, and now up like the elevator. Its amusing how so many values are mechanically connected up or down to various news events.

https://finviz.com/futures_charts.ashx?t=METALS&p=d1

I’ll go with your predictions …

I’m liking this action!

My LT charts show gold will be almost exactly double what it is today, and silver will quadruple,  before the end of 2022….FWIW!

All The Best from  Silverngold!

https://schrts.co/bPvPdGPp

KOW

When we have somewhat explosive moves in the shares that keep me in the game, even if they are few and far betwixt.

I still remember the good ol’ days circa 2001 to 2006 when we had a lot of good days in the shares.

https://twitter.com/crofin67/status/1420294201376444422/photo/1

Gold Is About To Make A Big Move

https://ceo.ca/@goldfinger/gold-is-about-to-make-a-big-move

Good earnings but not good enough I guess as the shares are getting hit.

Here they come, chipping away at our 1% gain in gold.

Which also means silver will be drip sold as well.

Cabral Gold Reports Additional Drill Results from MG Gold Deposit and Recently Identified Gold-in-Oxide Blanket, Cuiú Cuiú Gold District, Brazil

https://finance.yahoo.com/news/cabral-gold-reports-additional-drill-103000919.html

Rupert Resources Drills 26.8g/t Gold Over 2.0m and 11.6g/t Gold Over 5.0m Confirming a 500m Long Mineralised Trend at the Pahtavaara Mine

https://finance.yahoo.com/news/rupert-resources-drills-26-8g-110700859.html

Sokoman Announces High-Grade Results Demonstrating Continuity of Eastern Trend Mineralization at The Moosehead Project, Central Newfoundland

https://finance.yahoo.com/news/sokoman-announces-high-grade-results-111200202.html

Fosterville South Announces New Discovery at Golden Mountain and Drilling Results at Lauriston and Beechworth Projects

https://finance.yahoo.com/news/fosterville-south-announces-discovery-golden-120000467.html

Golden Star Resources Reports Results for the Three and Six Months Ended June 30, 2021

https://finance.yahoo.com/news/golden-star-resources-reports-results-200600477.html

Kinross reports 2021 second-quarter results

https://finance.yahoo.com/news/kinross-reports-2021-second-quarter-210000017.html

Alamos Gold Reports Second Quarter 2021 Results

https://finance.yahoo.com/news/alamos-gold-reports-second-quarter-210000773.html

Agnico Eagle Reports Second Quarter 2021 Results – Strong Operating Results With Record Safety Performance; Reintegration of Nunavummiut Workforce Underway at Meliadine and Meadowbank; Underground Development and Surface Construction Proceeding as Planned at Odyssey

https://finance.yahoo.com/news/agnico-eagle-reports-second-quarter-210000101.html

NOVAGOLD Receives $75 Million from Newmont Corporation

https://finance.yahoo.com/news/novagold-receives-75-million-newmont-210500499.html

Kirkland Lake Gold Reports Record Net Earnings in Q2 2021

https://finance.yahoo.com/news/kirkland-lake-gold-reports-record-011400720.html

just saw that, they hit silver a bit too.

Eco data coming out now, we’ll see if we can survive it.

GDP 6.5% vs. 8.4% expectations.

This should be bullish for gold and bearish for the USD and rates, but we’ll see.

and smacked AU for $ 4 plus….but we have buyers ready, it seems.