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

Obviously, the idiots think they can raise rates to 21% like what Paul Volker did during the 1970s. Unfortunately, it can’t work because US businesses and consumers were a lot better off financially back then.

All the wealth producing tax paying manufacturing businesses gradually went away, off shore. All replaced with tax absorbing wealth absorbing sales and service overhead jobs. Bottom like the whole country is actually poor now and can’t afford the old ways.

I’m sticking to my thoughts after the 2008 financial crisis. Way too many square pegs were shoved into round holes for decades. All the things they did that were not kosher, like looking the other way with Bernie Madoff, illegal immigration, strong dollar policy, off shoring production jobs, no doc liar loans, etc etc culminated in 2008.

Bottom line: “They can’t get away with the old ways anymore”. People and businesses and governments, and NGOs.

3 down days = 50 pts. in the HUI

Some of these juniors are just getting crushed.

HUI should have a little support here but any support has been blow out of the water the last few days.

The entire move we are seeing and suffering here, is a pure scum play, to make it look like the CB’s have it all under control, ie they can raise rates enough to stop inflation and get the economies back on an even keel….just like that.

Which of course is just dream land, there is no way they can raise rates enough to curb inflation, which is now starting to flourish a bit,…..so far we have seen nothing and considering the amount of pump priming already done, we have way more to come.

Therefore at some point as real inflation refuses to die, the CB’s ability will be questioned, as inflation grows and grows and then the rush to physical metal will really start…..as the mkts take off in a 3 rd wave .

The above fits an Elliot wave diagnosis of PM’s…this fall is a C wave…hard, big and nasty…but when it burns out we get a 3rd wave up…. v powerful and v large.

A Chilean environmental regulator has recommended that global miner Anglo American’s Los Bronces copper project not be granted an extension permit involving a planned $3.3 billion investment, the company said on Saturday.

Anglo American said Chile’s Environmental Assessment Service had issued the recommendation although a firm decision on the mine’s life extension would only come next week.

Chile recommends denying extension for Anglo American copper mine

Newmont Sees Gold Production Recovery After First-Quarter Shortfall

https://finance.yahoo.com/news/newmont-sees-gold-production-recovery-165042900.html

Wesdome Announces Filing of Technical Report for the Eagle River Complex

https://finance.yahoo.com/news/wesdome-announces-filing-technical-report-214500361.html

Jayden Completes its First Exploratory Drill Program at Storm Lake, Confirms Property Scale Gold Footprint, Defining Multiple Drill Targets

https://ceo.ca/@thenewswire/jayden-completes-its-first-exploratory-drill-program

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

https://ceo.ca/@newsfile/metals-creek-drills-264-gt-gold-over-2790-meters

Radius Gold drills 11.8m @ 450 g/t silver and 1.31 g/t gold and continues to expand El Cuervo Target, Amalia Project, Mexico

https://ceo.ca/@thenewswire/radius-gold-drills-118m-450-gt-silver-and-131

ABUNDANT VISIBLE GOLD PANNED NEAR HISTORICAL WORKINGS OF MINERAL MOUNTAIN’S NEWLY ACQUIRED KING OF THE WEST DEPOSIT

https://ceo.ca/@newswire/abundant-visible-gold-panned-near-historical-workings

Goldhills Closes Definitive Agreement to Acquire a 100% Interest in the Siguri Gold Project in Central Guinea

https://ceo.ca/@newsfile/goldhills-closes-definitive-agreement-to-acquire-a

Ophir Gold Corp. Announces 2022 Exploration Program – Emphasis on Newly Discovered High-Grade Gold and Silver Mineralization

https://ceo.ca/@newsfile/ophir-gold-corp-announces-2022-exploration-program

Noble Minerals Acquires a Copper-Precious Metal Prospect near Hearst, Ontario

https://ceo.ca/@thenewswire/noble-minerals-acquires-a-copper-precious-metal-prospect

Trevali Announces Mine Rehabilitation and Dewatering Progress at Perkoa Mine in Response to Flooding Event and Provides an Update on Search and Rescue Efforts

https://ceo.ca/@newswire/trevali-announces-mine-rehabilitation-and-dewatering

Eskay Mining Closes Final Tranche of Non-Brokered Flow-Through Private Placement

https://ceo.ca/@accesswire/eskay-mining-closes-final-tranche-of-non-brokered-flow-through

Steppe Gold Discovers Multiple High Grade Zinc Zones Below ATO Gold Deposits

https://ceo.ca/@newsfile/steppe-gold-discovers-multiple-high-grade-zinc-zones

Paycore Minerals Intersects 4.5 G/t AuEq over 28 m and 5.3 G/t AuEq over 23.9 m from near Surface Oxide Target, and Commences Trading on the TSXV Under Ticker Symbol “CORE”

https://ceo.ca/@newsfile/paycore-minerals-intersects-45-gt-aueq-over-28-m

Kinross announces sale of Chirano mine in Ghana

https://ceo.ca/@nasdaq/kinross-announces-sale-of-chirano-mine-in-ghana

Galway Metals Clarence Stream Resource Update Indicated: 922,000 oz at 2.31 g/t Au, up 136% Inferred: 1,334,000 oz at 2.60 g/t Au, up 382%

https://ceo.ca/@accesswire/galway-metals-clarence-stream-resource-update-indicated

After increasing over 4% on Friday, the ruble is up over 3% today, and this with a strong US dollar on both days!
I wonder if this is any indication of how some investors see the war is going.

Going to need a big reversal but I’m not sure we’ll get it. GLD busting down through the 50 dma.

Was sorting of hoping these days were over but I guess not.

USD ripping and rates down.

Red Spain, Green train
https://railpictures.net/photo/787563/