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

I like your thinking.

The USD has remained strong, and even strengthened during the last two weeks as gold shot up (DX-Y up from 102.89 to 104.42) which is the opposite of normal. And the bond yields are rising even though the Fed cut rates; a futile attempt by the Fed to imply they are in control when they aren’t. Which means bonds (debt) are being sold, dollars and gold are bought. Why do people want USD? Because they need to pay off debt. If you are going to pay down what you owe, you need the currency. So if interest rates are rising which makes debt worth less (not worthless; yet), and banks are requiring debt to be paid down, which they will only do if they think you can’t afford the repayments, plus if banks are calling in debt, then they are much more cautious about lending it in the first place, then we have a debt crisis. Not a stock market or currency crisis, although the panic will spread there too. If true it means that we are headed for stagflation – deflation of asset values, inflation in living costs.

Potential investment strategy: Now: sell the ranch and buy gold. Three years: sell the gold and buy four ranches.

Good watch, I agree.

Ipso LA times Too funny. Kamala is mean, real mean and mixed with absent morals or common sense like the people she wanted to convict anyways even when they didn’t do anything wrong she didn’t care just wanted to win where it got to the point judges had to intervene on behalf of accused and not too bright a bad mixture for the economy and country. .

L.A. Times, California’s largest paper, decides to not endorse home-state Kamala Harris

https://www.washingtontimes.com/news/2024/oct/23/la-times-californias-largest-paper-decides-endorse/

TSLA crushed earnings and they’re up 10% AH as NEM continues its slide.

Good for Elon. He is a true patriot. We need a lot more like him.

Oh, I’m not disappointed at all. I get disgusted with the shares like NEM that can never come through no matter what the price of the metals have been, but I don’t own them.

The metals couldn’t be better. We needed to let some air out, so a pullback here is no surprise. The surprise is that the metals have performed so well in the face of a multi-year high in the dollar and rising rates. I don’t think the metals are even close to being done and are just getting started.

Don’t be too disappointed bulls still in control so far and stocks have made gains. Just at a different pace. It seems like the bears like to make it more difficult for gains.

Look at who their working against

Supposed to be out this afternoon. Not sure if they’re out but shares bouncing around lower now in the AH.

They’re out and they missed $.81 vs $.86 estimates on “higher costs” Down a couple more bucks from the close. Pretty hard to believe but just another reason money managers don’t jump into pm shares, they are consistently unreliable.

Glad I’m in phyzz. These guys are too disappointing.

When we cut off giving them our Gold for $34/oz when it was worth $140/z, after that they got all our industries. So now with Gold climbing, that could be the reason the US Dollar is climbing. Because the USA holds the biggest reserve of gold. So with a STRONGER Dollar our country will get bigger discounts on imported crap made by foreigners instead of Americans.

Exactly.

The optics of having gold and silver on fire going right into election day is something the commies don’t want – right?

So, they are allowing the equity complex to fall today (tomorrow?) to cool things down.

It’s all optics for the people watching TV.

Pitiful

Got it.

Yes we are, they are playing defense.

I was joking.

We are winning.

Don’t worry

The best is yet to come if you filled them with physical, but anything else you better listen to this song:

…obviously didn’t like silver’s move yesterday.  reaction? over-reaction?

If the election is fair, he’ll win by a landslide. If the elites decide to do something else and keep him out, then I’m not sure what happens next.

Very interesting times to be alive.

I don’t need any tranquilizers.

That’s a weird thing to say

Re Dollar strength

Could be money going back into dollars looking for/expecting a Trump win !!!!

Though other mkts do not say that at all…..

https://www.zerohedge.com/geopolitical/zelensky-first-time-offers-russia-realistic-step-negotiating-table

Let’s pray this happens……also could be a reason for the selling today…..

Yes, the shares are holding up because they see the same things.

But it’s better to get the testing of the $33 area for silver over with so it does not have to return to these levels once it surges into the 40’s.

You don’t want it to go too fast.

It won’t last.

Take a hit on the banker’s crack pipe if necessary.

Take some tranquilizers.

Just take it easy.

Cheers

I agree. I’m wondering if it will even last until the end of the week. As you say bonds oversold, dollar overbought. We’re also thinking in normal market conditions, what if what we’re seeing is something else, something not normal?

I’m also not seeing any panic in the shares today. We’ve been beaten far worse in far less of a pullback in the metals.

I don’t know, long day ahead.

The shares should be getting hit harder than they are right now. After all, this is a waterfall moment ya know.

The dollar strength is just ridiculous.

that gold will go down if Trump is elected … or is this just an attempt at somebody’s narrative? Can rational policy changes save us from striking the Debt Iceberg?

Bill Gates Ordered to Stand Trial in Netherlands in November Over COVID Vaccine Injury Claims — Ordered to Pay Legal Costs as Dutch Court Dismisses Jurisdiction Claim

There is no truth in the rumour that when Billy Boy…aka Gates from Hell. tried to pass the hat round ….he got nothing apart from loads of verbal abuse…..