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

So here it is on YouTube.

Of course the hard core will try to fight back….but I think you will find that there are suddenly way less than it appeared a while back……

Rather like after the 2nd world war, it was impossible to find anyone who was not in the Resistance…..especially when the inquiries start…..

We’ll see what happens.

Have a good weekend as well.

Better to be conservative.

The current correction is a larger wave correcting the move from the bottom in fall of 2022.

So, if it only lasts 3 to 5 months … that is wildly bullish … and allows for the next move … once it begins … to last for years.

I am just not getting carried away given how overvalued the broad markets are … including bonds.

The 60/40 portfolio bubble will burst next year … but Trump and company will fight it … so it could be delayed … not to mention potential deflationary fallout if they cause a 50% crash when the selling comes.

Have a great long weekend.

From Trump

https://www.facebook.com/watch/?v=1552594572031185

Maddog- I don’t agree with that opinion either. These people will never embrace Trump or MAGA. Business might be relieved not to have to implement DEI and will like tax policy but they put their fingers in the air to see which way the wind blows when it comes to government. The minute he takes office it will be a full blown war. They will resist and undermine everything he does. They will use their corrupt judges to stop everything they can. It’s vital that Trump and DOGE eliminate every department under their purview and then proceed to move agencies outside of DC and into Red states to break up their power base. Powell needs to be challenged and fired, let the Supreme Court decide that. The Demons always accused Trump of being authoritarian, now since they were, he has to be to fix the damage. Lawsuits will come daily.

Captain – I’m not sure I agree with you either. Why are we pushing the goalposts back again? A couple of months ago we were talking about the first of the year, now we’re pushing to the back half of 25, early 26? The ducks are lining up now, the dollar may be cracking, and rates may have topped. Seasonally, Jan. – May have usually been good for pm’s and shares. The liquidity problem according to your boy Farber will take place after the first of the year and QE begins. The crap we’re seeing this week, is just that.

Sometimes I think pm analysis is so jaded by years of manipulation, we’re looking for a correction around every corner. We have a 30% move higher and everyone is looking for us to give half of it back.

Friday might be crap, but oddly enough GDXJ has outperformed all day in a down SM. I see some juniors moving.

… what about gold and silver?

11 State Attorneys General, Led by Ken Paxton, Take on BlackRock, Vanguard, and State Street in Groundbreaking Anti-Trust Lawsuit Over Coal Market Manipulation | The Gateway Pundit | by Jim Hᴏft

Unbelievable … but very consistent.

Excuse me while I go look for my bong.

Chuckle

Roger that, thanks for the update.

I cannot agree with that opinion.

These people think we are all idiots … to be exploited … even if it takes more time.

Well, we are all running out of time (and resources) I hope they realize at some point.

Doubtful … but you never know.

Cheers

“Inflation is the surest way to fertilize the rich man’s field with the sweat of the poor man’s brow.”
— Daniel Webster

I doubt the Fed would be dumb enough to try and foul Trump up, he has too many smart people around him this time…..they would smell that very quickly….I also pick up vibes that a lot of types that were previously considered enemies, are ready to embrace him…..even Hollywood is apparently sick of losing money on Woke and can’t wait to dump it all…though of course the actors and actress’ have yet to catch on.

To continue the PM bull, which has yet to go anywhere near runaway….may well require embracing Gold….via a massive revaluation, to offset the debt and perhaps issuance of bonds backed by Gold at the new prices……

I was going to comment on the Fedsters earlier, because the new Treasury Secretary and the Fed could clash.

Word is Scott Bessent is a gold bug of sorts … for a hedge fund manager.

Of course he is also a George Soros protege.

Trump picks George Soros protege Scott Bessent for Treasury – The Forward

Word is he’s not likely to start any fires, so we will have to see. Any talk of a gold backed currency would counter the crypto fairy tales they want people to buy into; not to mention they would need to audit Fort Knox; and not to mention that would help Vlad. (their overlords that live over the pond would not like that)

I can’t see that happening.

Thing is, if the Fed is more hawkish because they want to foul Trump up, then the degree of policy mistakes could be even more profound than they already are with the Disney Land like pictures they were trying to paint in order to keep the commies in the White House.

If this turns out to be the case, and stocks take a big hit, bonds will rally big time, and the Fed could cut administered rates to zero next year … along with switching to QE … along with throwing the kitchen sink into the mix.

Something tells me PM’s will like that.

Cheers

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3084-cse/cake/166116-radio-fuels-nv-king-goldlands-announce-business-combination.html

You are right, there are 400 of them, and mostly democrats, that we all know, are well indoctrinated idiots at best.

Part:

US Federal Reserve employees overwhelmingly donate to Democratic causes, according to data originally posted on X by a former Fed trader and verified by Semafor. That may not be so surprising, given most Fed employees live in cities, which lean left.

Know More

When inevitably brought to President-elect Donald Trump’s attention — among its amplifiers are some MAGA faithful — the data will provide more fodder for his efforts to exert control over the central bank or even fire its leader, Jay Powell. Elon Musk, for now a minister without a portfolio in Trump world, has posted in support of efforts to erode the Fed’s independence. Powell, for his part, has said he won’t go and that removing him before his term expires in 2026 is illegal.

Political pressure on the Fed hasn’t only come from Republicans. Democrats including Sen. Elizabeth Warren were calling for rate cuts earlier this year to make mortgages cheaper. A landmark study in 1993 by future US Treasury Secretary Larry Summers and decorated Italian economist Alberto Alesina found that countries with independent central banks had lower inflation.

… according to Michael Lynch … one of the good guys.

Despite record off market shenanigans, the December gold contract’s OI relative to registered remains at a record high of 46% with one day to first notice.

Looks good for next year if this keeps up … maybe sooner if the nukes fly soon.

The bums will literally run out of physical before they stop cuz they are all nuts … nuts and crackers.

Enjoy the long weekend.

Happy Thanks Giving

It’s Holiday shopping time, Dollar up all those foreign goods benefit too.

One thing that is predictable is that the bureaucrats will not fudge the numbers for Trump.

They want to sabotage him any way they can.

If Kamala would have won, you can be sure the numbers would have been a whole lot better this morning.

There would have been puppy dogs and fairy tales all around.

Of course this is good for PMs going into next year.

Initial liquidity conditions could be an intermediate problem lasting into the first or second quarter, but the backend of ’25 and ’26 should be glorious for PM’s.

I’m not going to start crossing things just yet … but I will let you know.

Chuckle

or we’re going lower.

It seems to me the scum is protecting the dollar this week by smacking the metals. Probably because it’s about to crater pretty soon.

I can’t find another reason that we should be down this week. I’m a little surprised most of the pm shares have small gains considering how the SM and metals are doing.

Put me on the record as calling B.S. on this week’s action.

edit: here it is 15 minutes later and the dollar is taking another leg down and is at the lows of the day

re Reminds me

That looks like the chart of my PM share portfolio !!!!!

Interesting thread on the Fall of Rome

https://x.com/Culture_Crit/status/1861452643148681309

And here they come

So predictable, they never let silver off the floor

This scene from tonight’s episode of “Landman” does a beautiful job of summing up why progressives have no business setting energy policy.

No plot spoilers. pic.twitter.com/MFyrCGS2gc

— The Real Liekitisn’t (not Parody) (@liekitisnot) November 24, 2024

Durable goods missed, GDP inline but personal consumption missed. The big number comes out at 10 am EST and that’s PCE’s a Fed favorite.

I don’t care much for this action and suspect if they’re going to get us it will be when the PCE’s come out at 10.

Regardless, they have the parking brake set on the metals. If they take us down today, it will be ugly on the short session Friday. How many times have we seen them do that in the past? Innumerable.

Greenland Surface Temperatures Fall For 20 Years In Further Blow To Climate-Alarm Narrative

https://www.zerohedge.com/weather/greenland-surface-temperatures-fall-20-years-further-blow-climate-alarm-narrative