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

Why does the scum want a higher dollar so much?

5% swing to the downside, seriously ugly. I almost bit and jumped in this morning. Never trust a higher open in the pm market.

Dollar surprisingly came back without the 10 yr. rising.

A strong Dollar is one of the scum’s obsessions….a major one.

dollar surging back, scum still in command. DOW fading, so no way we go up without it.

Some of the silver shares still hanging tough, AG, WPM and even EXK, but hard to see them holding.

This is Crimex action to a tee. They dumped pm longs at the open, so they can go back in and cover more shorts as the day goes on and buying interest has dried up. Actually, they started dumping longs just before the SM opened.

DOW is giving up the goose, so this could be a fairly ugly last day of the month for us with few exceptions. Maybe this is the last of pm tax loss selling, which seems to happen well before the end of each year anymore.

Bitcoin and oil down. Dollar surprisingly came back without the 10 yr. rising.

We’ve been royally screwed in the last two days. They owe us a make up in October.

…. I did warn you long ago … they “tamped down” silver nicely.

It was getting a little out of hand.

Chuckle

I think Elon is doing great! I may not agree with him all the time but he is sure exposing a lot of the ridiculous crap that’s going on. He’s got that tall soapbox and he’s using it!

mRNA ‘vaccines’ must be banned once and for all

I see Musk has asked the 1 question the Globalists can’t answer, regarding yr Southern Border….he is going to cause huge problems for them, with his reach on X and with the likes of Carlson etc.

He has also ventured into the Covid Vaxx row, calling them out, after he had a bad reaction, that he says almost hospitalised him…..there is one serious constellation building against the scum…..

I may be renting out my services …

Earlier this week, Kentucky GOP Sen. Mitch Glitch McConnell said, “Providing assistance for Ukrainians to defeat the Russians – that’s the number one priority of the United States right now – according to most Republicans.”

https://www.zerohedge.com/political/heres-whats-really-going-elon-musk-live-streams-southern-border-chaos

Eco Data was a mixed bag – as expected pretty much. Personal consumption missed. Est. was 0.5%, actual 0.4%. I think that is the most important number because it indicates spending is falling, even in a month where gas prices rose pretty well. So, IMHO, people are still spending on gas because they have to, but on everything else they are pairing back.

May be why the favorable reaction in bonds – or not. Dollar is creeping higher but hasn’t struck down the metals yet. Silver is right there at a huge level that needs to break higher. SLV $21.50 is where the 50 and 200 dma’s meet. It has to break above that level with authority and run for a few days. Silver shares are firm, but not exploding, so they’ve got to really confirm IMHO.

Ipso – so far, it looks like you’ve brought your good fortune with you. 🙂

Buygold @ 10:30 Thanks for the welcome back. Looks like I didn’t miss much in our market!

goldielocks @ 12:05 It could have been a lot worse. We could have broken down in the middle of nowhere of which there is a lot of out there!

Alex Valdor @ 12:44 Thanks! Ken Garff is evidently a major success in Wyoming. Besides Hyundai he also has a Ford dealership, Toyota Dealership, a collision center and I don’t know what else. He must be doing something right!

Maya @ 14:36 Sounds like your Saturn was a real lemon. What! You didn’t want to install a third transmission!

Bob @ 17:41 I sure hope that Hyundai has fixed their engine problems since producing such poor engines in the past. You’d think that they wouldn’t be able to survive if they had to keep replacing engines for free. I can’t diss them too much since they treated us right. Anyways I’ve got my fingers crossed!

Cheers

ISS and Glass Lewis Recommend Newmont Shareholders Vote “FOR” Proposed Acquisition of Newcrest

https://finance.yahoo.com/news/iss-glass-lewis-recommend-newmont-093000175.html

Thesis Gold Drills 6.27m of 14.87 g/t Gold at the BV Zone on its Ranch Project

https://finance.yahoo.com/news/thesis-gold-drills-6-27m-103000976.html

Sandstorm Gold Royalties Renews Credit Facility, Amends Mercedes Stream, Provides Corporate and Development Asset Updates

https://finance.yahoo.com/news/sandstorm-gold-royalties-renews-credit-201900482.html

Azimut Announces Closing of $8.18 Million Bought Deal Private Placement Financing

https://finance.yahoo.com/news/azimut-announces-closing-8-18-141900797.html

Plutonic Gold Belt, Western Australia – Catalyst resolves legacy Superior Gold dispute with Wolf Contracting

https://ceo.ca/@newswire/plutonic-gold-belt-western-australia-catalyst-resolves

Azucar Reports Notification of Lawsuit on El Cobre Concessions, Mexico

https://ceo.ca/@globenewswire/azucar-reports-notification-of-lawsuit-on-el-cobre

Spruce Ridge Resources Ltd. Announces Regulatory Approval of Option Agreement with Benton Resources Inc. for Newfoundland Property

https://ceo.ca/@globenewswire/spruce-ridge-resources-ltd-announces-regulatory-approval

Inca One and Swiss Better Gold Association Announce the First Step 1 Accreditation of a Processing Plant in Peru

https://ceo.ca/@newsfile/inca-one-and-swiss-better-gold-association-announce

SolGold PLC Announces Audited Full Year Results

https://ceo.ca/@accesswire/solgold-plc-announces-audited-full-year-results-a3372

Orosur Mining Inc Announces Full Year 2023 Results

https://ceo.ca/@accesswire/orosur-mining-inc-announces-full-year-2023-results

Monarch Reports Its Results for the Fourth Quarter and Year Ended June 30, 2023

https://ceo.ca/@globenewswire/monarch-reports-its-results-for-the-fourth-quarter-3650b

Canadian Investment Regulatory Organization Trade Resumption – BCM

https://ceo.ca/@newswire/canadian-investment-regulatory-organization-trade-resumption-41dcd

Bear Creek Mining Announces $9.5 Million Bought Deal Financing

https://ceo.ca/@globenewswire/bear-creek-mining-announces-95-million-bought-deal

Rise Gold Reports Vested Rights Hearing Date

https://ceo.ca/@newsfile/rise-gold-reports-vested-rights-hearing-date

Drilling Intersects 55m of 3.35 g/t AuEq within 255 Meters of 1.18 G/T AuEq at the Treaty Creek Property, Golden Triangle, British Columbia

https://ceo.ca/@thenewswire/drilling-intersects-55m-of-335-gt-aueq-within-255

Bear Creek Mining Restructures Sandstorm Obligations to Improve Near Term Cash Flow

https://ceo.ca/@newsfile/bear-creek-mining-restructures-sandstorm-obligations

Val-d’Or Mining Closes on NSR Purchase Agreement Transaction

https://ceo.ca/@newsfile/val-dor-mining-closes-on-nsr-purchase-agreement-transaction

CORRECTION FROM SOURCE: American Creek JV Partner Intersects 55 Meters of 3.35 g/t AuEq Within 255 Meters of 1.18 g/t AuEq at the Goldstorm Deposit, Treaty Creek

https://ceo.ca/@newsfile/correction-from-source-american-creek-jv-partner-intersects

I guess rates could start a new huge leg up – that wouldn’t surprise me at all. But, as you say, given the condition of the charts of the DOW & SPX, it would seem a pause should be what happens, while they work off their oversold/overbought positions.

Last day of a brutal September for pm’s – good riddance. I hope October begins the mother of all moves like back in 2000. I do agree with Capt. Hook, that this is the worst I’ve seen things since then. Gold went up 6x back then, but that was before they had the ETF’s that now screw everything pm up. Also, the algo’s weren’t near what they are today.

For Gold, it’s going to take an event of some sort.

and they basically had to stop this move today, as virtually all rate mkts were breaking into new Hi levels for rates and looked to be starting a huge new leg up……..

that could be a fly in the ointment for pm’s. The PCE’s come out. The big report the Fed supposedly watches.

I’ve no idea which way they intend to manipulate the numbers. Looks like folks are positioned for mild numbers, but I don’t know.

GLD is up a whopping $.10 in the premarket. With yesterday’s dollar, and the way it looks again this am, gold should be up north of $20

I’m not sure if they’re funded, who knows what entities are able to put their hands in and dip into the pensions? I do know that Obama re directed billions of Fed dollars to shore up blue state pensions during his term, I’d think Biden is doing the same. They won’t do that for the private pensions that have, and eventually will go bust. Just Gov’t ones. They’ve been funneling billions to various Gov’t. unions through covid money. The teachers union is said to have an obscene $190 billion in the coffers. Course, that gets funneled right back into the Dem campaigns and pockets. Our Gov’t has become so unbelievably corrupt – always has been, but really on steroids since Obama.

Looks like silver is our best hope today. The 50 was about to death cross down thru the 200 dma as of yesterday, silver definitely needs some saving and about a 20% rally, just to get a lot of these miners breaking even.

Judging from R640’s “Yahoo” posts, there’s a large contingency of people short the silver stocks. They definitely need the fuel. Whenever you have Yahoo folks trashing shares and pushing fear, you can bet a bottom is near.

Unfortunately, a 20% move isn’t even close to what I’m looking for with these metals – not even close.

Are yr pensions actually funded, I think you’ll find that Government pensions come out of general taxation, ours certainly do…..hence we are all bust and were long, long ago , if those liabilities are calculated honestly….

Yup Oil is a devil…but only if the metal prices cannot rise……which the scum are so diligent about making sure, doesn’t happen.

However it will keep driving inflation…..i just paid the most ever for heating oil……

Yes, early this am, but things look decent in the overnights.

I think the SM is the only thing they have left that hasn’t been destroyed. The economy is toast. If the super large caps fail, what do pensions look like? The largest of course being Gov’t pensions. I’m sure they’re all stuffed with MSFT, AAPL, AMZN, NVDA, TSLA, big banks and big oil. Those pensions also have treasuries that can’t be doing well. IMHO, Gov’t. pensions are key here in the states. They can get the Gov’t. employees to do their bidding as long as they are feeding them.

Ultimately though, the dollar and inflation will be their undoing. Unless somehow they’ve got it all figured out.

Everything in pm world, and even the DOW, has RSI’s down at 30 or just below, and look to be turning up. GLD and SLV should turn up today with everything else.

Your dollar proxy UUP had an RSI of 75 yesterday, before finally heading down – 69.5 this am but should be time for a breather for the dollar – at least technically – and should continue.

Hopefully this is a violent upside rally for pm’s – so many of the shares hit multi year lows. Oil is a killer though.

aka the scum have panicked and had to rescue the SM which may mean other mkts will reverse as well…..Dollar up 11 weeks was always going to be a crazy move that made no sense…and rates had to be stopped…..but since when did the scum worry about common sense.

Nice calls…..tks v much.

The Nevada Northern
https://railpictures.net/photo/822868/

I could be wrong but I don’t think the SM is done yet less some magic trick but the HUI looks like it’s starting to recover and has a better chance before SM is done maybe not immediately.

FNLPF – Fresnillo PLC Stock quote – CNNMoney.com

down 39% year to date

First Majestic down 39% year

AG – First Majestic Silver Corp Stock quote – CNNMoney.com

ETF s destroyed fair pricing for the mining shares and the metal AU & AG

They might monitor spoofing here but I’ll bet the Chinese mastered the spoof