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

Buygold–remember I said about a month ago that gold was a dead asset class?  I scarcely believed it at the time…

Posted by Richard640 @ 8:44 on September 1, 2022  

nevertheless, yesterday I bought a smidge–I might add today…perhaps the jobs report tomorrow might break the fall [not likely but one never knows]—buffett and Templeton and Bernard Baruch all said buy when there’s blood in the streets…most of the pm stocks and etfs are in the RSI 30 buy  zone…I’m certainly not going all in…and I had zero pms until yesterday…the great STEVE SEVILLE said that. “the reasons to think that an end to the correction is close in terms of both time and price have not gone away.” [Steves service is well worth the modest  subscription price]

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I’m out of ideas

Posted by Buygold @ 15:39 on August 30, 2022   
Other than some technical bounces which are few and far between. There’s really no interest in pm’s. 
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maybe a weak jobs number on Friday will give some relief to G&S [but I won’t hold my breath]

  • Private payrolls increase 132,000 in August. [300,000 estimated]
  • Trend in private payrolls growth slowing

WASHINGTON, Aug 31 (Reuters) – U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to strong demand for workers and very tight conditions.

Private employment rose by 132,000 jobs in August after increasing 268,000 in July, the ADP report showed on Wednesday.

Rates, USD crushing us

Posted by Buygold @ 8:40 on September 1, 2022  

Oil back down after mounting a comeback.

Heard Stephanie Pomboy say she’s out of the market and holding cash, gold.

If she and Egon are right. This will be devastating. One thing Egon said that was disturbing, he said gold won’t ever go up it will just provide stable purchasing power. What the hell happened to his $50 – $100K prediction?

Adios $1700

Selloff: Day 5

Posted by Buygold @ 6:42 on September 1, 2022  

5th day in a row down, GDX has already lost 10% in the last 4 days.

I’m with you folks thinking the whole house of cards is collapsing. Unfortunately, pm’s are leading the way down.

If the DOW is 31K, where will pm shares be if the DOW goes back to 10K? Probably bankrupt.

I’m ready to throw in the towel so hopefully that’s a good sign.

The Blue Chip miners BHP and RIO are breaking down again despite the dividend which no doubt will be cut.

Gold Train

Posted by Maya @ 2:29 on September 1, 2022  

Tagging the Zephyr in style
https://railpictures.net/photo/799765/

 

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