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

“All those cities they built with no one in them are coming back to bite them in the ass!”

Seems like the Chinese, once introduced to a production ‘business’, like to take it ‘to the moon’.  I remember a story from decades back when they first started to export a lot of stuff.  There was a need for shipping containers in China, and the US was shipping in ’empties’ for product returns.  Steelmaker businessman went to China and taught a small village steelworker how to make shipping containers to international standards, then left the business to the locals to run.  They hired everyone around and started mass producing containers.  But they didn’t look at the market needs of what they were actually selling.   They kept overproducing  more and more containers that were not selling, until they finally went bust with a massive inventory of shipping containers that took years to sell off.

Seems like they had the Buzz Lightyear  “To Infinity, and beyond” attitude about business sales.

“RFKjr and Tucker Carlson” Sounds like a ticket.

Seems like most of the world is in a pickle financially, including all of us who have held gold for all these years. That being said, I still don’t know what this country looks like in the next 12 months, but despite the lunatic left which are a lot fewer than they seem, a lot of people are waking up, even former Democrats – one that stopped me in the gym today because I had a red hat on. She’s a convert and will vote Trump.

I’ve got to watch the Tucker interview with RFK Jr. Apparently, he wants to break things in the Gov’t. too and explains why we’re really in Ukraine. Something has to give.

Internally China sure is in a financial pickle. Outside the country they seem to be growing in strength and power. The establishment of a backed BRICs currency should really help them. They can’t let these huge “banks” fail because of the contagion risk, so I think their gov has no choice but to bail them out.

Maybe they’ll have an internal currency that is going to be chopped up by inflation and an external one which will be backed by gold etc. and be stable. Just ruminating.

All those cities they built with no one in them are coming back to bite them in the ass!

So, China’s economy is in the tank because demand has fallen off a cliff here in the states and around the world. Their largest bank is insolvent – like the Fed – but they don’t have the reserve currency and no one has to buy their bonds or use Yuan.

How do they fix their system? Do they devalue the Yuan? What is the incentive for them and the rest of the BRICS to back their currency with gold? What am I missing?

Thing is, the only way a BRICS currency is going to carry any weight at all is if they back it.

Otherwise, I see China’s option as war to distract the masses. What a mess.

Yes, they are selling for $20K but the dealer will only pay you $15K – quite the racket.

Problem is, there’s plenty of stock for silver across the board. Same with gold. No one’s buying, at least not the public.

Silver Bullion Coins and Bars – Best Price + Free Shipping = Happiness (golddealer.com)

Why is there such a frenzy to buy up burned Maui?

https://www.zerohedge.com/personal-finance/why-there-such-frenzy-buy-properties-were-just-burned-down-during-fires-hawaii

I hate to admit it because I never worked for this station cluster, but the most complete broadcast news you will find from Hawaii and the Maui disaster is here:

https://www.hawaiinewsnow.com/news/

Goldi – RE:  Schooling     Refugees are being told to bring their kids to a school near where they are long-term sheltering, even if far from their ‘home’ area.

If you only knew how much we have in common. Long Island,  East West… North South. Been there done that. Grumman.. know it well. Nope, not going to argue with an LI boy. Some day maybe i can explain. PEACE!

Sicko!

I see we have a difference of the future. I’m saying gold is in a down leg of the uptrend that started in September at $1600, and I’m betting we stay above $1900 and you are saying we are going lower. It will be interesting to see how it goes.

https://finviz.com/futures_charts.ashx?t=GC&p=d

Thanks for the info. But I’m trusting APMEX, they show gold at $1908 down $9. Finviz delayed shows Gold at $1927.

Furious Investors Protest Outside China’s Insolvent Shadow Banking Giant After It Misses Payments, Warns “Liquidity Has Suddenly Dried Up”

… overnight Bloomberg reported that Zhongrong’s troubles have accelerated and the asset manager not only missed payments on dozens of products – adding to delays on at least 10 others since late July – but “has no immediate plan to make clients whole, indicating troubles at the embattled Chinese shadow bank are deeper than previously known.”

The troubles are so deep in fact, that Zhongrong – which is one of the largest players in China’s $3 trillion shadow banking industry – appears to be effectively insolvent: “the company doesn’t have an immediate plan to cover the payments since its short-term liquidity has suddenly dried up”, said Wang Qiang, board secretary of the firm partly owned by financial giant Zhongzhi Enterprise Group

https://www.zerohedge.com/markets/furious-investors-protest-outside-chinas-insolvent-shadow-banking-giant-after-it-misses

What really happened here.  The A wave down ended on June 29th. The B wave up then lasted for almost 3 weeks.  We are now in the C wave down awaiting the final capitulation bottom. Where is that final Int. bottom? The best that I can hope for is $1875 on the weekly charts. The worst is $1840, again weekly charts. Many juniors have already bottomed without splitting nickles , so to speak.

Someone more versed in the futures market than me could give an explanation why the prices jump around. Some months are delivery months, sometimes you’re looking at a close delivery date, sometimes months out etc …

For spot gold kitco seems pretty good.

https://www.kitco.com/ then enlarge the chart.

I like the Comdirect charts too although they are fifteen minute delayed.

https://www.comdirect.de/inf/indizes/detail/chart_big_kd.html?ID_NOTATION=1326189&timeSpan=1D&chartType=candle&openerPageId=indizes.detail.chart_kd.middle&BRANCHEN_FILTER=false&ID_NOTATION_INDEX=&fromDate=23.10.2012&toDate=24.10.2012&interactivequotes=false&useFixAverage=true&fixAverage0=0&fixAverage1=0&freeAverage0=&freeAverage1=&freeAverage2=&chartIndicator=&indicatorsBelowChart=VOLUME&indicatorsBelowChart=

Re your “I think those higher prices you see are futures prices months out.” You’re probably right, but why the sudden change? I notice the higher “spot” started on Fox business news. Then later it started on CNBC news. I still haven’t heard a word on why they changed things. Why would they want to show a $30 higher gold price to the public?

I think we’re close to a bottom as well. Of course you never know when the riggers will make a maximum effort …

I think those higher prices you see are futures prices months out.

A $1,000 bag contains 715 ounces of pure silver. So $20,649 divided by 715 ozs, $27.88 per ounce, or $6.19 more than spot, of $22.69 today.

Buy 90% Silver Coins – $1,000 Face Value Bag | APMEX

Those are my views also. Below a post from late June. Spot had dipped below $1900. The Fed would have to raise rates a lot higher to kill gold, and even that may not work for them. Strange thing I noticed recently spot gold on tv keeps showing spot gold about $20 higher than spot gold on dealer’s web sites. APMEX shows spot at $1917 with spot at $1935 in Finfiz.

@Alex re Did we see the bottom for Gold this morning? Yes

Treasuries are decisively breaking below the levels that triggered the recent banking issues.

Here is a reminder that the inflated valuation of financial assets hinges on a low cost of capital environment, a circumstance that no longer holds true today.

Investors are starting… pic.twitter.com/hYaAuf02Du

— Otavio (Tavi) Costa (@TaviCosta) August 15, 2023

"As Maui Burns, Biden Demands Another $24 Billion For Ukraine"

– Ron Paul 🚨🚨🚨

🔊 pic.twitter.com/dePF9dVXpe

— Wall Street Silver (@WallStreetSilv) August 16, 2023

Oakland’s ‘Soros’ DA Faces Chopping Block As Recall Effort Kicks Off

https://www.zerohedge.com/political/oaklands-soros-da-faces-chopping-block-recall-effort-kicks

SSR Mining Announces $400 Million Senior Secured Revolving Credit Facility

https://finance.yahoo.com/news/ssr-mining-announces-400-million-225300781.html

ARIS MINING ANNOUNCES HIGH GRADE DRILL RESULTS FROM ONGOING SEGOVIA OPERATIONS EXPLORATION PROGRAM

https://finance.yahoo.com/news/aris-mining-announces-high-grade-110000952.html

Lion One Updates Drill Results at Tuvatu

https://finance.yahoo.com/news/lion-one-updates-drill-results-120000138.html

Goliath Intercepts 23 Meters* of 21.08 g/t AuEq, Including 14 Meters* of 33.75 g/t AuEq at Surebet Golden Gate Feeder Zone, Golden Triangle, B.C

https://finance.yahoo.com/news/goliath-intercepts-23-meters-21-141800045.html

Artemis Gold Reports Q2 2023 Financial Results and Provides Construction Progress Update

https://finance.yahoo.com/news/artemis-gold-reports-q2-2023-235500550.html

New Found to Uncover Keats Zone in Surface Trench

https://finance.yahoo.com/news/found-uncover-keats-zone-surface-103000768.html

Rupert Resources Reports New Drilling From Ikkari and Ikkari North. 2023/2024 Drilling Programme Commences

https://finance.yahoo.com/news/rupert-resources-reports-drilling-ikkari-110000073.html

Labrador Gold Reports High Grade Gold Assays Up to 30.58g/t Au Between Big Vein and Golden Glove

https://finance.yahoo.com/news/labrador-gold-reports-high-grade-113000709.html

Summa Silver Reports Excellent Metallurgical Test Results from the Hughes High-Grade Silver-Gold Project, Nevada

https://finance.yahoo.com/news/summa-silver-reports-excellent-metallurgical-113500086.html

VIZSLA REPORTS HIGH METALLURGICAL TEST RECOVERIES FOR COPALA: 91% SILVER AND 94% GOLD

https://finance.yahoo.com/news/vizsla-reports-high-metallurgical-test-120000250.html

Silver Range Stakes and Samples High Grade Gold, Silver and Copper at the Shamrock Property, Nevada

https://ceo.ca/@accesswire/silver-range-stakes-and-samples-high-grade-gold-silver

Metals Creeks Samples up to 10.3 g/t Gold at the Recently Discovered Echo Zone and Receives Exploration Permit for Trenching on the Shabaqua Corners Gold Property

https://ceo.ca/@newsfile/metals-creeks-samples-up-to-103-gt-gold-at-the-recently

American Creek’s JV Partner Tudor Gold Intersects 1.48 g/t AuEQ over 210m Within 516m Grading 1.19 g/t AuEQ, Outside the Goldstorm Deposit Mineral Resource Area at the Treaty Creek Property, Golden Triangle British Columbia

https://ceo.ca/@newsfile/american-creeks-jv-partner-tudor-gold-intersects-148

Orogen Royalties Announces Mid-year Royalty Update and Forecast

https://ceo.ca/@accesswire/orogen-royalties-announces-mid-year-royalty-update

Newcore Gold Drilling Intersects 3.28 g/t Gold over 11.0 Metres, Including 6.57 g/t Gold over 4.0 Metres at the Enchi Gold Project, Ghana

https://ceo.ca/@globenewswire/newcore-gold-drilling-intersects-328-gt-gold-over

SILVER MOUNTAIN REPORTS FURTHER HIGH GRADE SILVER RESULTS FROM ITS UNDERGROUND DRILLING AND CHANNEL SAMPLING CAMPAIGN AT ITS RELIQUIAS MINE

https://ceo.ca/@newswire/silver-mountain-reports-further-high-grade-silver-results

Aurion Gives Notice of Exercise of Option to Repurchase Royalties on Major Properties

https://ceo.ca/@newswire/aurion-gives-notice-of-exercise-of-option-to-repurchase

SOMA GOLD PRODUCES 3,031 OUNCES IN JULY – A 47% INCREASE FROM THE PRIOR YEAR

https://ceo.ca/@newswire/soma-gold-produces-3031-ounces-in-july-a-47-increase

Starcore Embarks on Geopolitical Diversification with Côte d’Ivoire Acquisition

https://ceo.ca/@newsfile/starcore-embarks-on-geopolitical-diversification-with

Andean Precious Metals Reports Solid Q2 2023 Results Supported by Strong Production and Improving Costs

https://ceo.ca/@newsfile/andean-precious-metals-reports-solid-q2-2023-results

NOVA ROYALTY REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND PROVIDES ASSET UPDATE

https://ceo.ca/@newswire/nova-royalty-reports-financial-results-for-the-three-40057

OceanaGold Extends Mineralization Below Existing Resource at Didipio

https://ceo.ca/@newswire/oceanagold-extends-mineralization-below-existing-resource

K92 Mining Announces Latest High-Grade Drilling Results, Including Potential High-Grade Zone at Northern Deeps Target ~50 Metres West of Twin Incline

https://ceo.ca/@globenewswire/k92-mining-announces-latest-high-grade-drilling-results

TVI PACIFIC CLOSES $1.34 MILLION NON-BROKERED PRIVATE PLACEMENT

https://ceo.ca/@newswire/tvi-pacific-closes-134-million-non-brokered-private

Heritage Mining Announced Expected Closing of Non-Brokered Private Placement of Units and Flow-Through Units August 18, 2023

https://ceo.ca/@thenewswire/heritage-mining-announced-expected-closing-of-non-brokered

These lanterns would be a good thing to distribute. I’ve had one for two years and still works fine. It has multi power sources, solar, electrical and wind up. The handle on the wind up could be a little bigger but works fine

It will also charge your phone.

I haven’t tried the solar but someone said it takes 40 hrs to get a full charge so people in hurricanes areas should have a few of them while ones charging but still have the wind up option but if their charging their phone would want more than one. Its a lantern and a flash light and power source for your phone and not reliant on only electricity to recharge. They’re trying to get rid of battery’s “ disposable” so you only have electric and then what happens when you have none,

Its light and compact,  closes and opens for the lantern can be put in a bug out bag and kept in their room in areas where power goes out frequently without worrying about battery’s. You should  check it out too. Generators are fine but if there’s not there or no gas this would make life a little easier. 

https://www.amazon.com/gp/aw/d/B08T5S8RFZ?psc=1&ref=ppx_pop_mob_b_asin_title