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

FWIW

I see this as a major turn, we will see record prices off this move…..ones that will stun people….Silver will be the star.

VANCOUVER, BC, Oct. 4, 2022 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold
Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) has closed its previously
announced bought deal financing, including the exercise in full of the
underwriters' over-allotment option, for a total of 18,055,000 common shares
(the "Common Shares") sold at a price of US$5.10 per Common Share for
aggregate gross proceeds to the Company of approximately US$92 million (the
"Offering").

The Company plans to use the net proceeds of the Offering for future
acquisitions of streams and royalties, the repayment, from time to time, of
amounts drawn under the Company's revolving credit facility, and other general
working capital purposes.

https://www.bloomberg.com/press-releases/2022-10-04/sandstorm-gold-royalties-announces-closing-of-bought-deal-financing

Your brother did well. That’s the key, getting in early!

Too good to be true

My brother had a place he developed on a 10 acre vacant lot about $50k plus house and barn another maybe $100k more made a little ranch horse property. Old dollars of course. Sold it for $1.3 million new dollars and bought an $800k place, and they let him take his old small tax bill with him about $2,000.

Sure if you buy in late and high they think you are wealthy enough to pay high taxes. Like a landlord and a long term tenant, the rent stays low but the next new tenant pays rent a lot higher. When I was a kid in a machine shop, a philosophy student working there, said “Nothing is too high or too low, or too big or too small, unless its compared to something else.

I think there was a time around 1968 when minimum wage was 9 loaves of bread per hour. Nobody should be using US dollars for accounting or estimating values. The average low wage $5,000/yr was equal to two new $2500 cars per year. Cars today are $50,000 so $100,000 tiny dollars should be the minimum wage.

Thanks for the comeback. I did sell the TZA short on the top last week, rotated to AGQ silver long last week on the bottom. And at 10% up I doubled the shares yesterday and picked up another 4.8% today. I just knew it wasn’t one day especially after seeing the high dollar and rates rolling over from extreme highs. At this point, we have to wonder how long this move will last, for short term plays.

I think the Fed hit the gas too hard on deflation fears, then irrupting inflation or currency collapse fears, and then hit the brakes too hard. They had no business interfering with the invisible hands of capitalism after 1913. No more computer control on auto pilot. They have been manually flying this jumbo jet global economy at night and in a fog.  Lets see what their next fear is LOL.

I don’t think property taxes in CA are so low. Plus the houses are expensive so you pay a lot anyways. Plus their is a state income tax. You have to make a bunch to afford to live there … or you could just have a tent on the street. Gas prices are crazy but they have done it to themselves.

Kunstler is great! Used to be kind of a lefty but not anymore. Waz it me that posted it?

Another decent day today!

Below a copy of a note to a friend re the OPEC story. He thought it was OPEC manipulating the prices. He is very sensitive or negative to conspiracy theories. People need to try to imagine what it would be like, if average new home prices (or average new car prices) were derived on the Futures market.

Good morning Kevin, thanks for the comeback, but I was not talking about any of those things you mentioned. Currencies, and the futures markets are too complicated for me to explain. OPEC controlling oil? From the 1970s stories?

Recently oil was $20, (OPEC?) and a spiked to below zero, negative once. (OPEC?) It was also up to $145/bbl (OPEC?) when the Feds drove the Dollar Index down to 72 it inverted Oil higher. The OPEC complaints are basically about futures incorrect pricing, being it too low or too high.

“Manipulating” prices sounds bad like conspiracy, which is actually the wrong word for speculating and betting or guessing and or voting on an anticipated price in the future. Futures are thinly traded. A big player like Goldman Sachs can move the market price. If thats what the Fed needs or wants.

At times Congress complains about “speculators” driving oil too high. But forgot to complain about the Fed driving the dollar too low. (or too high) our friend Chick used to buy and sell thousands of bbls of Oil.

My brother lives there. Basically, the property taxes are very cheap, so they add the loss to the gasoline tax. I think thats good. Also at $6 it makes people live near their occupation. Up hear with cheaper gas, some people drive 100 miles each day. Taxes are so high near me, people have to sell houses to richer people and leave to Fla. if they can’t afford them.  I myself would love to see higher gas here, and low property taxes. Around here I see taxes of $14,000 to $40,000. If you inherit a nice house on the water, and you are on social security, you have to leave your family home.

This may well be a classic of what Gann termed, when the time is right the mkt turns.

Gold topped in Aug 2020. the next bottom was Mch 21…8 Months, next top was Mch 2022…13 Months…(8 and 13 being Fib No’s )…so we have big Odds that the next Bottom will be 8 months ….targeting October 22…..well it got carried away and bottomed a day early on Sep 30…

The news I might add could not be more bullish…….but no-one is long, this is just some shorts trying to cover….I bet loads are still shorting, as that has been the easy money for over 2 1/2 yrs.

Thanks for the Kunstler. He is spot on. We did commit an act of war by attacking that pipeline.

Exactly right, Biden and company, like Europe has done everything they can to destroy our country. I can’t relate to anyone who doesn’t see this and actually defends it.

220-230 could be a pause.

Are we going up because the SM is up?

A girls school in Iran yesterday… they all removed the hijab and chanted “death to the dictator”… while walking over photos of their leaders…

?sound? pic.twitter.com/l0EYrsA5HD

— Wall Street Silver (@WallStreetSilv) October 4, 2022

Dave Portnoy's "Investing" Journey

"Anybody can do this game"
— Dave 3/27/2020

?sound? pic.twitter.com/zJCwEkGMkQ

— Wall Street Silver (@WallStreetSilv) October 4, 2022

All Hell Breaks Loose After Musk Posts “Russia-Ukraine Peace” Twitter Poll

https://www.zerohedge.com/geopolitical/blue-checks-diplomats-bots-go-ballistic-over-elon-musks-proposed-russia-ukraine-peace

Here is Elon’s tweet

Ukraine-Russia Peace:

– Redo elections of annexed regions under UN supervision. Russia leaves if that is will of the people.

– Crimea formally part of Russia, as it has been since 1783 (until Khrushchev’s mistake).

– Water supply to Crimea assured.

– Ukraine remains neutral.

— Elon Musk (@elonmusk) October 3, 2022

“Bear markets have three stages—sharp down, reflexive rebound, and a drawn-out fundamental downtrend.”

Gov. Newsom To Lower Gas-Prices With Gas Tax-Hikes

Democrats sold the fuel taxes as penalties on polluters. They claimed that imposing them would “make the polluters pay”. Few Californians seemed to understand that by “polluters”, the Sacramento political establishment meant the single mother picking up her son from school, the supermarket cashier commuting to work, and everyone else who can’t afford a Tesla.

The California average gas price is now over $6 a gallon, compared to $4.60 for the rest of the country, because Democrats are making ordinary drivers, whom they call “polluters”, pay.

https://www.zerohedge.com/political/gov-newsom-lower-gas-prices-gas-tax-hikes

True Lol
I heard the other day that someone from England who was born and raised around it and bankers who’s name I can’t recall said that the futures were created to suppress it. Then all these avenues now to dilute the stocks. But now even the phyz has insane premiums. I’m guessing to suppress buying it.

IAMGOLD Reports Essakane Mine Continues Normal Operations Following Political Developments in Burkina Faso

https://finance.yahoo.com/news/iamgold-reports-essakane-mine-continues-110000865.html

Eldorado Gold Provides Exploration Update Highlighting Resource Expansion Upside at Lamaque, Efemcukuru, and Olympias

https://finance.yahoo.com/news/eldorado-gold-provides-exploration-highlighting-210000655.html

Torex Gold Receives Key Environmental Permit for Media Luna

https://finance.yahoo.com/news/torex-gold-receives-key-environmental-220000356.html

Mistango to Begin 5,000m Drill Program at Ledden Copper-Gold Project in Quebec

https://finance.yahoo.com/news/mistango-begin-5-000m-drill-100000808.html

Orefinders Acquires 100% Interest in the GSL Zinc Project

https://finance.yahoo.com/news/orefinders-acquires-100-interest-gsl-100000641.html

Manitou Gold Intersects 230.6 Metres of 0.25% Nickel Equivalent at Goudreau Project Further Confirming Significant Nickel-Cobalt Discovery

https://finance.yahoo.com/news/manitou-gold-intersects-230-6-103000501.html

Troilus Announces Completion of Non-Brokered Private Placement

https://finance.yahoo.com/news/troilus-announces-completion-non-brokered-152500672.html

Steppe Gold Announces Important Developments in Creating a New Gold District in Bayankhongor

https://ceo.ca/@newsfile/steppe-gold-announces-important-developments-in-creating

Solitario Extends Golden Crest Trenching Results to 33 Meters at 17.19 GPT Gold and 60 Meters at 8.55 GPT Gold

https://ceo.ca/@accesswire/solitario-extends-golden-crest-trenching-results-to

Guanajuato Silver Production Increases 85% From July to August

https://ceo.ca/@accesswire/guanajuato-silver-production-increases-85-from-july

Independence Gold Receives Exploration Permit for Drilling at the 3Ts Project, BC and Files Updated National Instrument 43-101 Resource Report

https://ceo.ca/@newsfile/independence-gold-receives-exploration-permit-for-drilling

Resouro Gold Releases Positive Metallurgical Test Work Results and Receives Trial Mining License for Its Novo Mundo Project in Brazil

https://ceo.ca/@newsfile/resouro-gold-releases-positive-metallurgical-test-work

Aben Resources Options Hit Property, Yukon Territory

https://ceo.ca/@globenewswire/aben-resources-options-hit-property-yukon-territory

Galleon Gold Continues to Intersect High Grade at West Cache Project – 15.6 g/t Au over 7.6 m

https://ceo.ca/@newsfile/galleon-gold-continues-to-intersect-high-grade-at-west

Midland and SOQUEM Discover in Nunavik Several New Mineralized Horizons Grading up to 25.6 % Cu, 4.9 g/t Au and 162 g/t Ag

https://ceo.ca/@globenewswire/midland-and-soquem-discover-in-nunavik-several-new

Rackla Metals Expands its Project Holdings in the Tombstone Gold Belt, with an Option on the Hit Property, Yukon Territory

https://ceo.ca/@thenewswire/rackla-metals-expands-its-project-holdings-in-the-tombstone

SILVER MOUNTAIN REPORTS ADDITIONAL UNDERGROUND CHANNEL SAMPLING RESULTS FROM ITS RELIQUIAS MINE

https://ceo.ca/@newswire/silver-mountain-reports-additional-underground-channel

G Mining Ventures Announces Repurchase of 1% NSR Royalty on Tocantinzinho Gold Project

https://ceo.ca/@accesswire/g-mining-ventures-announces-repurchase-of-1-nsr-royalty

First-Ever Drilling to Start on Evergold’s Holy Cross Au-Ag Property, Central B.C.

https://ceo.ca/@globenewswire/first-ever-drilling-to-start-on-evergolds-holy-cross

Northern Dynasty: Alaska and 13 Other States Strongly Oppose the EPA Proposed Veto of Pebble

https://ceo.ca/@accesswire/northern-dynasty-alaska-and-13-other-states-strongly

Millennial Intersects 0.87 g/t Oxide Au Over 42.7m, ~50m Outside the Proposed Pit at Wildcat Project

https://ceo.ca/@newswire/millennial-intersects-087-gt-oxide-au-over-427m

Mawson’s Subsidiary SXG Drills 21.5 m @ 15.0 g/t AuEq in 350 Metre Step Out at Sunday Creek, Victoria, Australia

https://ceo.ca/@accesswire/mawsons-subsidiary-sxg-drills-215-m-150-gt-aueq

Centerra Gold Announces Intention to make a Normal Course Issuer Bid

https://ceo.ca/@globenewswire/centerra-gold-announces-intention-to-make-a-normal

Centerra Gold Announces Highlights of New Life of Mine Plan for the Mount Milligan Mine, Including an Extension of Mine Life to 2033

https://ceo.ca/@globenewswire/centerra-gold-announces-highlights-of-new-life-of-mine

Tudor Gold Reports Consistent Results from Continued Step-Out Drilling at Treaty Creek Including 2.00 g/t AuEQ over 66.0 M with 5.0 M of 8.22 g/t AuEQ (GS-22-145-W1) and 300 M of 1.27 g/t AuEQ (GS-22-151-W1)

https://ceo.ca/@newsfile/tudor-gold-reports-consistent-results-from-continued

Don’t chart gold, it will make you crazy!! ?

Gold struggling to be up $4

We never get those big moves. Maybe I’m wrong again to be so bullish. This is like the action we always get.