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

an interesting question and answer session on YouTube  with a well known coin dealer.

he can handle $20 ,   and $30,  and maybe $40  per ounce when people come in for cash !

maybe at $50 silver he calls his wholesaler if they can buy it from him….. then wholesaler ships it to a refiner.

but what happens at $100/ounce  or more ???—- the refiner says no more they have enough,  the wholesaler

closes his door and the coin dealer goes out of business !!!!!! and the customer–you and me– are stuck with

a pile of metal !!!!!   and yes it is good to have some for barter  but if you got 10,000 ounces——————-

BOTTM LINE :   COMEX IS CONTROLLING THE MRKET

Yes they will definitely try to steal as much gold (and silver? – never been confiscated) as possible.

I prefer silver right now due to confiscation risk – especially at 90 to 1.

Cheers

But after such experiences, when I found I was still “here”,  I knew I still had work to do….so I continue listening to my Higher Power and trying to do what’s right… ….and that is why I chose the name Silverngold…. because it is a good description of my entire life…..which, through hard work and several successful careers, has all been Silverngold. I have silver from $5.50 and gold from $350. I put $70,000 into the stock market and took out well over a $million….but with BlackRock and Aladdin now controlling the stock and Derivative markets, unless they want PM stocks to go up, they won’t….but they can’t control the actual value of physical silver or gold and what it will buy…. and with the old Ponzi banking system bankrupting, and the new one world digital/crypto system on the horizon… and the Mark of the Beast system about to surface…..the only thing that MAY have a chance to survive what’s coming, IMO, is an underground system backed by pure silver and gold.

Well, I hope so brother. That would make the whole evolution worthwhile. 🙂

Those are things that dreams are made of. I wonder if we would see machinations of that type of event in the pm markets prior to it happening. They are terrible at keeping things secret and no doubt they’d let their billionaire buddies in on it before it happened.

Oil had a strong day; I’m wondering if Iran’s about ready to rumble in the next day or two.

When they are forced to shore up their balance sheets, gold will be revalued to somewhere over $25k and silver to 3k.

Those are the numbers I am looking for … and it can happen overnight.

At some point, the politicos in charge at that time are going to say to themselves they have to do it or be on watch when it all goes down.

It’s always about real time political expediency and the people involved are generally morons so don’t think it can’t happen.

It can happen overnight.

You see them start to confiscate any accounts that are not nailed down it will be coming soon after that.

Get ready

Lurker – thanks for sharing the NDE website. Funny, I’m more worried about living than dying. 🙂

Captain – hope you’re right because I’m sure most of us have more silver than we do gold. 7 or 5 to 1 would be spectacular, I just have a hard time seeing $5K gold and $1K silver. I suppose maybe if the dollar was backed by silver again it’s possible.

You called it with the shares crashing with the SM. The shares are so ugly compared to the SM and the metals. Terrible. Problem for the shares is that the crash might just be getting started. Metals too, although gold held up relatively well today.

Still no volume in the shares, you’d think that for the size of the move everyone and his brother are selling them. Scum games.

I think it will go to the natural ratio at 7 and maybe even overshoot to below 5.

The days of Western bankers calling the shots are over.

Take that to the bank.

Cheers

if this is anywhere near what we experienced in 2001-02, we should be able to get 5-6 X out of gold. $10K minimum. That is just based on the country and world staying as it is currently.

Silver is anyone’s guess, it’s a poor man’s metal, so $120 might be possible but the ratio thing will never be 15-1 again or even 30-1 JMHO

Course, we may not even be a country a year from now, so it may not matter. We have all these plans. God just laughs.

10,000 accounts of near death experiences

(nderf,org )

the end will happen when silver goes to the moon—- whenever that happens

your quess is as good as mine,  but i had my stash for Y2K  and still happy, wealthy, and wise

that gold is actually hugging the flat line because they are murdering the pm shares right now. I like that gold is holding, but it’s hard to see gold continuing to hold the line with the shares and silver down. Silver has really acted like garbage.

What a depressing sector.

You may need two silver quarters for a pack of cigarettes though.

….and it will happen when gold tops at ~$3600 and silver tops at ~$120.

What I don’t know, or even want to know, is what the world will look like when that happens!

All the Best from Silverngold

DIA down .22%, QQQ down .26%, HUI down 2.85%, SLV down .1.1%,

GLD up .04% but fading fast, can’t have gold up in a down SM.

Funny how in down markets pm’s always outperform to the downside by a wide margin.

… on the Gold / Silver Ratio is just a touch over-extended (heavy on the sarcasm).

And open interest (OI) in futures for both gold and silver are coming down.

Metals Daily Exchange Volume & Open Interest – CME Group

Should find a bottom sooner rather than later … whatever that means these days. (~450K in Comex gold OI)

This is very good considering gold is still vexing $2400 and acting like a stallion today in spite of the algos and other crap the commies throw at it non-stop.

Cheers all

Day 4

As a subscriber to Michael Oliver , he attaches his sons Jr mining picks and he had Lion & Eloro  on his list.  The old man uses more momentum charts and he is more of  the type who  mostly buys calls on gdx , slv, and some sprott  au/ag funds.

His son had Eloro and Lion on on his list in late July and uses 40 week average on whether he buys them and most his other picks are under that 40 week avg.

Anyone that was new to pm Jr shares that I know and bought jr’s has already took their losses and ain’t ever buying them again.

Well, here’s one I just made up: “One man’s CRASH is another man’s PLEASURE”!

Stop crying and start buying….and enjoy the day with Silverngold! ;o)

EDIT:

is silver. That little mini-crash on Monday in the SM is already over (although I doubt it really is), but silver just keeps going in the tank. Silver is now in a bear market from the recent highs already. Geesh. Mission accomplished.

BTW – there was an interview with a Harris operative on FOX yesterday. He claimed that the Fed will be coming out with a .50 or .75 basis point cut in September. What the heck does he know?

…. for your insightful thoughts. And thank you Buygold and ipso for the daily insights that you both provide!

Eloro is collapsing because of two reasons.

Increasing political instability and the propagandized perception silver is still under control – and will be tamped down yet again. (it’s a high-cost producer so this is important)

And there is no arguing – with the recession not allowed to be announced due to the commies attempting to cover it up in order to get re-elected – it could be tough slugging right into early next year (with lags involved) – who knows. We still must go through the apparent discovery – yes Virgina – everybody except the bankers and their cronies are likely in recession – if not worse.

So, no need to print money – right?

Well, in case nobody noticed the yen carry trade debacle over the past few days has shot that theory, narrative, scam all to hell.

So let’s hope the CIA is unable to destabilize Bolivia in yet another soft coup.

That would really put a bee in Eloro’s bonnet.

The people of Bolivia are well grounded. But they are under a lot of pressure. Commodity prices must rise.

I am optimistic next year should be better.

Now let’s just get through another Fall crash season.

Cheers all

Looks like the BOJ pissed themselves over Monday’s crash and the Yen carry trade is back on for now. So, we have a little dollar strength that we’ll be fighting again. Metals getting a little (very little) dead cat bounce after getting smashed 3 straight days. Silver continues to be the dog that won’t bark. The pm shares are firm in premarket, at least until 9 am EST rolls around and they come in and smack us around.

10 yr. has come all the way back to 3.93% crazy action for bonds. SM futures soaring, after selling off toward the close yesterday. I suspect it will be reversed again today. Oil moving up nicely above $74. Bitcoin has recovered from $50K to $57K. And then there’s pm’s, the pox on humanity, but mostly on goldbugs. 🙂

Iran and Israel should be dropping some bombs pretty soon in the never ending middle east wars. Wonder how much they’ll hit pm’s on that news? How many thousands of points will the SM rally? SM loves war more than rate cuts.

What a life. What a world. Would most people choose this if they knew what it was like? Food for thought.

I know and agree. I just track the HUI, and simply to gauge where the metals may be going. The shares decimated me, the gains I’ve made in the metals over the years are not even close to the losses I’ve taken in the shares, easily wiping those gains out plus some.

I saw Eloro yesterday and had added it to my watch list when you mentioned it before, same with Lion One. Both of them like so many others have performed terribly. AG is almost a large cap, and it has been decimated as well, although they can blame themselves for that. I wish I had the answer to when they will perform, I don’t have a clue what it will take. There’s clearly no interest in the pm mining sector, even the big boys like RIO and BHP haven’t done anything.

The HUI as well. Here we sit at 287 hoping it holds 285, when it was over 600 in 2006! Can’t say that about any other index.

The frustrating thing is having to watch these endless corrections that come out of nowhere after we’ve had a little bit of strength. Even today, the SM is set to open higher and will at least initially, wipe out all the losses it had on Monday. PM’s of course, have nowhere near recovered the losses, silver is still down $1.50 on the week, gold around $50. The HUI hasn’t either, and won’t come close unless the SM continues to move up.

The manipulation and corruption is even more blatant than ever and just like our government, they don’t even try to hide it anymore.

This sector is a loser until it’s not. I so wish we had realized that 15 years ago.

She’s not stupid. “Unbeknownst to her”: yeah, right. I bet she knows exactly who the goons are!

For those who may be interested, an hour or so with Jim Willie.

He’s pretty much on track, and not shouting himself hoarse,

covers so many relevant topics.

if you click, go to about 13 min in to get to the meat.