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

Spot on…as long as the Rig can be kept afloat, they can pocket unreal amounts and live a life of clover…..

We’ve been seeing crazy highs and crazy lows in various situations. I think the whole system is ice skating on thin ice with this old and decrepit, (worn out or ruined because of age or neglect) monopoly money system.  Remember Jack Lemon in China Syndrome? He felt a vibration on his desk. It got his attention, and later on there was a meltdown. I think TPTB know what we know, and at this point, they have nothing to lose handing out fake money all over the place.

Re the shares….as a sweaty sock (Scot ) wud say…Dinnae worry laddie….GDX hasn’t even done a 50 % correction of the Sep Jan move…that wud be 27.50 and 62 % 26.10…last at 28.02

with Peado Joe asleep at the wheel and Obummer, Crazy Klaus and Mad Man Soros screaming instructions at the demented idiot….as always it’s only the rig keeping us on any kind of road…..

We either step it up in the pm’s and shares or we completely fall apart for the millionth time with the SM.

Whatever is going to happen is likely to unfold this week.

Seems GLD has some support between 160-170, but not super strong. Must be around $1840 or so. The shares are already in the frying pan and look like they’re going to break down. Juniors look the worst, I wonder what Rambus is saying about JNUG. He’s got to be scratching his head as to why the break off at 250-265 has broken 220.
Only thing still at play is that we’re oversold with RSI’s either side of 30 or so.

I think the SM is toast. Does that mean we are too?

Re Natgas

The best I can think is that everyone panicked into paying the Hi’s and now there are few buyers left….that is the only explanation I can think off…as the collapse in price is never mentioned in the MSM and even worse people are still paying crazy prices for it, as a Utility…..

Of course the other reason the MSM/PTB never mention the fall, is because of renewables…it is now making all renewables look v expensive…something that was never going to happen….

But yes the collapse is something else.

There was a high in 2005 $14 and now its $2.08?? Usually if something gets too cheap, they cut or stop production. Maybe they can’t if its a byproduct of Oil production?

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

https://finviz.com/quote.ashx?t=UNG&p=m

https://www.artemisgoldinc.com/news/media-releases/artemis-orders-construction-fleet

Given the action in the SM, rates and even the dollar and we could be getting hit a lot harder. Maybe we will as the day wears on, but maybe not too.

Sibanye-Stillwater goes after Australia’s New Century Resources

Uganda to set up state mining firm, take equity in licenses

The Ugandan government has started to set up a national mining company that will aim to take equity stakes of up to 15% of all medium and large scale mining operations in the country, the minister for energy and minerals said on Tuesday.

Ugandan geologists say the country has large deposits of a range of minerals including gold, cobalt, copper, iron ore, rare earths, vermiculite and phosphates. The country is also aiming to start pumping crude oil in 2025 from fields in its west.

The establishment of a state-owned mining firm and commercial state participation in the sector are part of wide-ranging reforms under a new mining law enacted last year.

The new company will be called Uganda National Mining Company (UNMC), minister Ruth Nankabirwa Ssentamu said in a statement.

“State equity participation will be in medium and large-scale mining of up to 15% participatory equity interest at no cost to the government,” she said.

more https://www.mining.com/web/uganda-to-set-up-state-mining-firm-take-equity-in-licenses/

We got rid of the first hour now let’s see what happens.

Dollar starting to turn south!

I think this is the turn. Maybe even Samb will make money on his calls. 😳 

Maybe I should be hoping this is the turn. SM is hurting us.

https://finance.yahoo.com/news/oceanagold-reports-full-2022-financial-110000202.html

and putting a damper on our big day.

I see they’re goosing Walmart back to flat.

I slept in … you know it’s early out here!

“promised land” I’m holding out for some Mana from Heaven!

What a deal! Looks like I’ll only be down around 70% when the deal closes. What a coup!

Good to see you on the board, I was getting lonely! 😩

Silver is going to take us to the promised land.

Need to get through the first hour antics.

Victoria Gold: Offer to ATAC Resources has Expired

https://finance.yahoo.com/news/victoria-gold-offer-atac-resources-210000471.html

Blackrock Silver Announces Commencement of Drilling by Tearlach Resources on Its Tonopah North Lithium Project; Bulk Sample Planned in Q2

https://finance.yahoo.com/news/blackrock-silver-announces-commencement-drilling-100000787.html

K2 Gold Submits Notice of Intent and Secures Diamond Drill for Si2 Project, Nevada

https://finance.yahoo.com/news/k2-gold-submits-notice-intent-110000932.html

MANDALAY RESOURCES CORPORATION PROVIDES YEAR-END 2022 MINERAL RESERVES AND RESOURCES FOR BJÖRKDAL

https://finance.yahoo.com/news/mandalay-resources-corporation-provides-end-110000318.html

GR Silver Mining Intersects Bonanza-grade Gold Veins at Depth in the Plomosas Mine Area 0.6 m at 40.2 g/t Au and 0.25 m at 64.5 g/t Au

https://finance.yahoo.com/news/gr-silver-mining-intersects-bonanza-111500722.html

SCOTTIE RESOURCES INTERCEPTS 53.2 G/T GOLD OVER 3 METRES ON BLUEBERRY ZONE

https://finance.yahoo.com/news/scottie-resources-intercepts-53-2-120500344.html

VIZSLA SILVER PROVIDES 2022 YEAR-END SUMMARY AND 2023 OUTLOOK

https://finance.yahoo.com/news/vizsla-silver-provides-2022-end-130000128.html

Eric Sprott Announces Holdings in Scottie Resources Corp

https://finance.yahoo.com/news/eric-sprott-announces-holdings-scottie-135000933.html?_guc_consent_skip=1676989137

CopAur Drills 1.5 g/t Gold Over 79 Metres including 3.0 g/t over 17 Meters at Bolo

https://ceo.ca/@newsfile/copaur-drills-15-gt-gold-over-79-metres-including

GOLD LINE ANNOUNCES 2022 WINTER PHASE 2 DRILL PROGRAM RESULTS FROM THE PAUBÄCKEN PROJECT

https://ceo.ca/@newswire/gold-line-announces-2022-winter-phase-2-drill-program

Big Ridge Mineral Resource Estimate Demonstrates Significant Upside at the Hope Brook Gold Project

https://ceo.ca/@newsfile/big-ridge-mineral-resource-estimate-demonstrates-significant

Rise Gold Closes US$3,000,000 Financing

https://ceo.ca/@newsfile/rise-gold-closes-us3000000-financing

Klondike Gold Discovers High Grade Quartz Vein Outcrop at Gay Gulch Assaying 4,064 g/t Au with 1,149 g/t Ag

https://ceo.ca/@accesswire/klondike-gold-discovers-high-grade-quartz-vein-outcrop

Palamina’s Equity Partner Winshear Gold Completes Arbitration Hearing Against the Government of Tanzania for the Expropriation of Its SMP Gold Project

https://ceo.ca/@newsfile/palaminas-equity-partner-winshear-gold-completes-arbitration

Metals Creeks Acquires Property in The Shebandowan Greenstone Belt near Delta Resources

https://ceo.ca/@newsfile/metals-creeks-acquires-property-in-the-shebandowan

Northern Shield Finds More Visible Gold From Trenching at Root & Cellar Property, Newfoundland

https://ceo.ca/@newswire/northern-shield-finds-more-visible-gold-from-trenching

Sanu Gold Announces Closing of $3 Million Private Placement

https://ceo.ca/@newsfile/sanu-gold-announces-closing-of-3-million-private-placement

Dynacor Reports Sales for January 2023 and the Release of Its December 2019 Retained Gold Bars

https://ceo.ca/@businesswire/dynacor-reports-sales-for-january-2023-and-the-release

New Pacific Intersects 524 Metres Grading 1.24 Grams Per Tonne Gold at the Carangas Project, Bolivia

https://ceo.ca/@newswire/new-pacific-intersects-524-metres-grading-124-grams

Almaden Signs Cooperation Agreement with Ejido Santa María Zotoltepec

https://ceo.ca/@globenewswire/almaden-signs-cooperation-agreement-with-ejido-santa

Hecla Mining to acquire ATAC resources in C$31M transaction

https://seekingalpha.com/news/3938217-hecla-mining-to-acquire-atac-resources-in-c31m-transaction

Metals look ok but shares haven’t picked up on it yet.
We need a big day.

at $42.02. Thinking maybe silver catches a bid.

Metals in general seem pretty solid, copper up 2%.

I’ve been watching BHP and RIO since Maddog mentioned them here and they were a great buy back then and still might be. They are up nicely in the premarket yet again.

I see Home Depot and Walmart are in the crapper after earnings misses, tanking the DOW down 300+. I wonder if the SM is finally ready to have a real correction that doesn’t come right back.

The Fed thinks they can do this without a recession. If so, it will be the first time. The guy (Marty Walsh) in charge of the Employment Report resigned – because he wasn’t on board with the rig. Expect more realistic numbers next week.

Look pretty flat in the premarket. Given the weakness in the SM, I’d think they’d be down harder.

Rates still inching higher, up almost 7 bips, USD firming as well.

Going to have to do this without any tailwinds. We’ll see.

curve is steepening this am with rates higher on the long end.

10 yr. up 5 bips with the flat USD.

Didn’t realize the SM is getting beat up, down near 1% to start the day. I guess if there’s a time for pm’s to step up their game, now would be the time against a down market.

Hopefully this little correction is getting close to the end.