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

When busy interchanges get clogged…
Build a bridge (or two) over them!
https://railpictures.net/photo/839393/

They need to be eliminated and Congress defunded and we can decide their salary too. Give them a social score by each state they represent before they get any head way in some ponzi digital money scheme next.

Jackson should of killed them instead and did us a favor. I think I saw some of their off spring in a movie called Deliverance.

Exactly!!  There is NOTHING in our constitution authorizing a National Bank.

If anything – JUST the OPPOSITE – ask Andrew Jackson about it.

they tried to kill him, but he was Ole Hickory!

“The Government screwed us when they made and used the Fed to get money to spend it anyways they wanted bypassing getting it only with permission from us creating the printing press and  inflation machine, expansion of government and expecting us to pay for it. It’s Tyranny and needs to be abolished as unconstitutional”

The Government screwed us when they made and used the Fed to get money to spend it anyways they wanted bypassing getting it only with permission from us creating the printing press and  inflation machine, expansion of government and expecting us to pay for it. It’s Tyranny and needs to be abolished as unconstitutional.

It was a massive dump or two. The first dump got $40 off the price, then it started to firm up and inch higher. Then they had to come in again to take it negative. Same with silver.

They don’t care, they will continue to do it until they can’t, so I expect this to go on all the way up. We’ll have to see how strong the buying really is now.

Who’s next? The Financial Times? The Economist? Bloomberg News?

* * *

Any U.S. Attempt to Restrain Gold Price Would Backfire, Says Jeffries’ Christopher Wood

By Ernest Hoffman
Kitco News, Montreal
Friday, April 12, 2024

The U.S. government may be tempted to restrain gold prices, but this would only serve to drive bullion higher, according to the latest Greed & Fear Report from Christopher Wood, Global Head of Equity Strategy at Jeffries.

Wood wrote that there is an “obvious temptation on the part of a major central bank to seek to try to manage the gold price,” and shared an anomalous move in Comex gold futures as an example of how this kind of management might appear.

At 3 p.m. New York time last Thursday there was a $1. billion sale of gold futures in about three minutes that temporarily knocked the bullion spot price,” he pointed out, and while he has no idea who was behind it, he noted that “a soaring gold price is not in the interest of the relevant authorities any more than a surging oil price is.”

Wood wrote that while the drivers of the oil price rally are fairly obvious, “the near-term drivers of the current gold rally are much less clear.” …

… For the remainder of the report:

https://www.kitco.com/news/article/2024-04-12/any-us-attempt-restrain-gold-price-would-backfire-jeffries-christopher-wood

Go out to do some gardening work and walk into this !!!!!

a lot of people are gonna be wondering where all that selling comes from…..It must have taken vast amounts to take it down….and not one ounce backed by real metal……the scum are really cornered here, as the Chinese are gonna think this is Christmas when they wake up…..and can get Gold 100 dollars cheaper……

Footage showing Dozens of Interceptions by the Israeli Iron Dome and MIM-104 “Patriot” Air Defense Batteries over Northern Israel within the last few minutes following a Large Barrage of Rockets and Drones launched by Hezbollah in Southern Lebanon; in my opinion this could be an… pic.twitter.com/PgRpUlZsaL

— OSINTdefender (@sentdefender) April 12, 2024

Very little action. Doesn’t make a lot of sense to me.

CFTC Commitments of Traders Report – CMX (Futures Only)

I do think they are right and all three of those targets will be hit, probably this year.

This is a premium article – I posted only for the headline.

The big question is whether we will be able to rally if the SM starts to tank.It’s good to see Bitcoin take a hit with everything else except the dollar and bonds. The SM has to tank in order for the Fed to cut rates – JMHO.

Parts:

Nuclear strikes by Russia on European targets are inevitable, a political expert warned in a fiery rant on Russian state television.

“We want to change the future of Europe. You’ve f***** up the present, you gentlemen Europeans,” political scientist Dmitry Yevstafyev said on Vladimir Solovyov‘s politics show, which aired on the Rossiya 1 TV channel on Thursday.

“You’ve chosen these morons to lead you. But we are trying to change your future, which [currently] means 200-250 million dead or maimed Europeans. That’s the price of nuclear war.”

“But unfortunately, all of our attempts to turn the Europeans’ brains on are unsuccessful. But I think we should put aside our false sensitivity that there will be no European nuclear war. No, there will be. And we have to state it directly.

https://www.newsweek.com/nuclear-war-europe-russian-tv-pundit-warns-1889332

Comment: I think Europe has been an obnoxious spoiled brat of a country, that has been influencing the USA for decades.

I’m surprised the shares haven’t fallen apart.

Goldie – yes, war. The Iran attack on Israel will be the most telegraphed event in modern history.

And hope they haven’t crossed this border. Seems like the creeps in office are just itching to get our military boots on the ground and once they do they won’t stop.

https://www.wsj.com/world/middle-east/iranian-attack-expected-on-israel-in-next-two-days-42b0537c

All at once. These are the swings Von Greyerz talked about. I’m surprised we’re still standing.

Have to see what our buyer is made of. Huge hit.

Eom

Back in the 1970s the US Businesses were doing very good. The workers could afford an 18% mtg on a $40,000 home. But they are less wealthy these days and can’t afford even 7% on a $550,000 home. So the Fed Reserve really can’t raise rates without creating a bigger mess.

And lets not forget the 50 year trade imbalance, buying more than we sold. And globalization, giving away 90% of our auto manufacturing. Plus everything else. And all the Americans, caring only about themselves, or having no choice, buying all the imports, exporting our money to foreign nations.

Well … you were a wise man to exit the PM shares for so many years when we were being beaten silly.

I’ve been pretty much 90-100% invested in the PMs for the last 20 years. Seen some wild swings!

Cheers

Well I am a fickle investor so for many years I held no paper pm’s and just returned to them in the last year or so.  Even then lowering positions raising positions often.  Although I have mostly short term treasuries as I don’t have the appetite nor the horizon window for risk.

aurum

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ske&time=12&startdate=1%2F4%2F1999&enddate=4%2F12%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=38&y=14&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8

aurum Great minds …

Gato is having a nice start.

aurum

Couple of the favorites mentioned on this site are having a good start – Dolly and Skeena.

interesting too that NEM is is the middle of my holdings as far as gains.  It seems to me that it usually was a laggard.  That must mean something.

Good days like this get me to do a little shopping for Margaux futures or pre-arrivals as now called.

aurum

“We’ve waited so long brother.”

You can say that again! And again!

There are decades where nothing happens; and there are weeks where decades happen.”
― Vladimir Ilyich Lenin

It’s good to be posting again especially under these conditions. 🙂

They’re trying to keep a lid on some of these shares, but I think when HUI breaks 280, things start to go real fast. Nice to see NEM and GOLD participating this am.

We’ve waited so long brother.