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

These are risky even more so than usual pm’s.

so dyodd

A chart that can go either way

I knew the Fed would lower possibly 50 pts.

luckily a bought TLT a fair ways down the downslope but still sitting on an ugly position

missed a chance to get out with a small loss but was sure i was right

Well if the Fed is selling and the banks are tightening so to speak and dollar rising then maybe the Fed is preparing for the next interest rate drop even though their doing the contrary right now to try to fend off a dollar freefall from the lowering of rates in the process.  Just a guess.

Just to pick two of my positions.  A silver and a gold.  If you bought either coming out of the consolidation you would be fine.

We imo have more upside before things turn really ugly.

added:

I would not buy these now without a pullback

dyodd

https://www.brighteon.com/4dfbf62d-bc3f-42d9-a8c3-369cdb457c49

Gold Tent in the City for the Weekend

Patience mon ami…patience…..I still see huge bases that are just beginning to be left behind in some shares.

The Rig goes on….but as long as metal prices keep going, then the shorts who are clearly still pileing on in the PM stox…are a bomb waiting to go off……stox could start jumping 10 % a day……after all who is gonna sell to these bums…not us for sure.

I doubt the shorts will rest easy this weekend….with Silver eyeing the all time Highs @ $ 50.00

https://finance.yahoo.com/news/semiconductor-sales-could-keep-soaring-081500740.html

I was doing well until a few days ago. Now I’m fairly well bruised.

Not too worried. Probably a lot of people who have had losses have sold now that they’re even.

Palladium is an excellent catalyst . Before I retired I was the technical exchange engineer for two corporations which had bought into the patents of a catalytic process using palladium doped resins , one in S. Korea the other in USA .
Pd has gone from about $ 900 an ounce about six weeks ago to almost $1200 today .

I suspect Putin is saying FU to Biden/Harris ( and by extension , Obama and Victoria Nuland for the Ukraine/Zelensky/NATO mess ) and the DC neocons . We are not all buying EV’s yet , so catalytic converters are still a steady market .

Dunno what ur seeing, as I know u watch a wide range of the PM stox….but some juniors i have are flying, despite the majors being well capped, tks to the drubbing NEM had ystdy…..

Bonds really getting dumped this afternoon. 10 yr. spiked from 4.2% to 4.24 in the last couple of hours. That would explain the dollar strength then.

Maddog you’re right, it could get ugly. To be honest, I’m stunned at how well our metals are holding up in the face of the relentless dollar rally. The Fed is going to break something if they don’t get a grip on things. Maybe gold is sniffing it out. Gold is going to finish at the highs of the day.

I’m also surprised at tech, although it’s just a few shares controlling the market.

Here’s the COT Report.

Seems pretty tame.

CFTC Commitments of Traders Report – CMX (Futures Only)

It reduces the money supply because banks have to buy them as far as I know.

So what,,, they swamped with IOUs and as inflation rises more people taking loans through credit get maxed out and then could default on those loans. But don’t worry the Fed will come to the rescue and  buy bonds expanding the money supply to backs creating more inflation. Right now it looks like they want their cake and eat it too but down the road as aforementioned then what.

Yes Bonds need to be watched…someone sure is dumping, by the looks….much more and this could get v ugly, TA wise…..

If the Fed is selling bonds it reduces the money supply of banks. “Who then loan the money at high interest rates currently to businesses and working class via credit but pay is no interest on savings right.” So I suppose you could say it causes a demand for money if the money in banks is reduced. I hope I remember that right as my mind isn’t on it right now. I can see where they could then use that as a excuse to lower interest rates. It’s just not about the banks it’s about the Fed control or government deciding what their idea of what is best for the economy. Lowering interest in the case of a actively inept current destroying this country government of lunatics, how is pushing more  inflation what’s best for the economy?

up another $37. Somebody wants in on Vlad’s market.

Hopefully we’ll see some more short covering going into the close today.

That the selling of US bonds creates demand for dollars? Any of you market officianados know if this is the case? Kind of makes sense, and I probably used to know this stuff. I suppose I could run a comp chart to see if the dollars’ ascent tracks with the rising rates.

Also noticing a discrepancy between GDX down 1% and the HUI down 1.76%. I’m guessing that there are some different components in each? NUGT at 2x is only down 1.88%. I’m so confused. 🙂

Gold is a champ, just on a steady road higher regardless of what anything else is doing. Beautiful.

Nattokinase That’s good to know coming from him and on my list of supplements to get her because I read about it for post vaxx.  She could use some for wound and bone healing too.

Kind of an odd day isn’t it?

The dollar won’t die and bonds continue to be sold, so rates don’t die. The flip side is that the metals won’t die either. Other than the one bad day for silver this week, everything except the pm shares is sort of flat. Even some of the shares won’t die much, EXK and AG come to mind. The money masters have used NEM earnings to take some air out of the large caps, but not a lot really, just slowed the momentum. I imagine there’ll be some blockbuster earnings from some of the large caps like AEM, even KGC and some others that will rev things back up.

This just feels like a pause before we resume the march higher, maybe even next week. We know if they could take the metals down, they’d be doing it.

Oil is up 2% today. Who wants to go into the weekend short gold and oil? Doesn’t seem like much of anyone.

……Is like a conductor perfectly conducting his orchestra of the $US, the DJIA, and the metals…….

In Russia, 36 world leaders have wrapped up a meeting of the BRICS alliance — led by Brazil, Russia, India, China and South Africa — with a pledge to add 13 new partners. The newly expanded BRICS will include Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan and Vietnam. Venezuela failed in its bid to join BRICS after Brazil vetoed its admission; Brazilian President Luiz Inácio Lula da Silva has said he would not accept the result of July’s election in which Venezuelan President Nicolás Maduro claimed to narrowly win reelection. We’ll have more on the BRICS summit later in the broadcast.

https://www.democracynow.org/2024/10/25/headlines/brics_alliance_expands_to_include_13_new_members

https://www.zerohedge.com/economics/brics-summit-puts-focus-dethroning-us-dollar-putin-unveils-brics-banknote

Someone grab the rally monkey! 🐵

not sure what the numbers looked like, but they don’t seem to be having any real impact on our metals, so assuming they were either in line or a bit of a miss. Nothing really moved although oil is up near 1% now. Bitcoin and rates back to flat. There appears to be relentless selling in the bond market.

Silver is creeping back a little now. PM shares are weaker but not horrible. Actually, rates and the dollar have dipped lower while I’ve been typing this masterpiece, so the numbers probably missed and were weak.

Maybe a quiet end to the week?