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

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.

Nice catch on your silver buy, you avoided a jump in price today. I see silver has been selling $10 over spot.
This may sound strange, but sometimes I think Silver is over priced compared to Gold. Because going back to the early 1970s a ball park figure I use to adjust for inflation is a factor of 20.

Back then, Silver was $1 per oz, times 20 is $20/oz today. Gold was $140/oz, times 20 is $2800/oz today. Besides that it’s not practical for banks and governments to buy silver because a multi million dollar investment would take up too much space.

Silver I think needs popularity with the masses to get real high like in the 1970s. Then the price out paced Golds price. Silver went from $1 to $50, gold only went $140 to $800. Blue chip action versus small cap? Nice jump today AU AG.

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

maybe they last couple of days of strength in the shares was actually indicative of higher metal prices?

Long way to go, just hope this little rally doesn’t fade.

Coming down the mountain in a blizzard
https://railpictures.net/photo/766759/

My order already shipped. Another place I buy is about sold out of things I was looking for so went to Apmex a bit higher like 800 something for the tube each compared to little over 700 but still there. If it does keep going lower I fear it might get sold out like the other place. Then again if it becomes in a demand either way it could sell out or they’re holding out for higher prices.

I don’t know it showed a possible bounce that’s all but it bounced off resistance about 10 trading days ago. If I were trading I wouldn’t gamble with lows thing less you have stops. PMs are so messed up it’s hard to even depend on the charts for long positions less you have stops and only sometimes in a bull move. They’ll chop you money up. Least tradings free now I guess. If AI were to do options I’d do them in equities cuz they get more media attention and if they screwed around like do the PMs there would be trouble.

Roger that, it sounds good to me. Check out AU and AG tonight. Maybe after today we get a nice PMs rally.

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

That’s one of the reasons they are holding hostage the Capital protestors and treating them so bad to try to scare the masses and kept the fence around the house so long. Just in case people wised up and went after them instead of fellow citizens and businesses. Besides the criminal opportunist out to loot that is.

I don’t know if gold has any more enemies but with the system spending notes like they’re going out of style I decided to pick up a tube of the new eagles since I only bought a few collector PGE first strikes of them a couple more pre 65 10 dollar silver face value and a Swiss franc I like them they remind me of nurses although for barter mostly.

That’s what people need to learn. If having possessions or a lot of money made you blessed by God every frigging crook out there would be blessed.

“You should thank God for bank bailouts— absolutely required to save your civilization. So I think when you have troubles like that you shouldn’t be bitching about a little bailout. You should have been thinking it should have been bigger. You should thank God the government saved the big banks and their investors.

Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies. Suck it in and cope.”

Charlie Munger, Christian Science Monitor, September 30, 2010