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

First declared dividend in 2013. I believe uninterrupted. Today $.14 per

quarter.  .055 %  Better then bank savings account.

jsmineset, new address.    jsmineset.org

Spx hit resistance at the close. Tomorrow’s rip or dip. Or dip first then break out of resistance.

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“Crypto Kid”

Could be, they’ve gone up and down enough. Sometimes the financial markets are not conducive to good mental health!

This isn’t first hand of course … a friend told it to me.

this guy acts like a crypto kid

I just learned of the death of Dr. Tim Ball about ten days ago – a pillar of integrity in a sea of corrupt ‘science’ related to climatology and probably my greatest hero for exposing the failings of the IPCC and the University of East Anglia in the UK for placing a scientific shill in charge of climate studies there .

I am incognito!

Its the end game. Even in a deflation its a solid asset, its real money and costs a lot of money to find and produce and its constantly under valued behind the inflation curve. $140 Gold X 20 S/B at least $2800 today. AGQ playing dangerous? I know they are time wasting assets. Short term only, a $2000? A 10% loss is only $200. $4000 only a $400 loss.

In the hey days with a strong trend I play with a whole lot more.  Ya know another thought. When you see silver very low and you KNOW its going to go up, who has time to run out and buy some physical coins bars etc? But the AGQ goes double AU. Cash out and buy the physical later with the profits.

PS I just sold AGQ and used the profit into to buy back TZA fingers crossed.

i have a good mate who got long recently, just took profits and is now small short….i told him he was mad !!!!

He’s looking for 1680 or so in AU…..I just think this is a huge turn…no-one is long and the shorts haven’t even started to seriously cover….This mkt could well have changed from Bear to Bull …….now the mkt helps longs

As for trading the Ultra long Silver….u clearly like living dangerously Lol……

I agree we may be entering a nice long strong wave up. But short term I’m looking at the charts, and my AGQ is doing too good, and the regular stocks may have gotten too good too fast also, so before the end of the day or in the after market. I might cash out the AGQ and buy back the TZA. I’m playing with small amounts of money. Like $2000 to start. If it goes up I double the shares.

AGQ https://finviz.com/quote.ashx?t=AGQ&ty=c&ta=1&p=d

TZA https://finviz.com/quote.ashx?t=TZA&ty=c&ta=1&p=d

In other words, Dollar and rates might bounce here. The selling off in the markets I hear went into bank accounts or bonds etc sweep funds may have been what knocked the rates down and everything else up.

USD https://finviz.com/quote.ashx?t=UUP&ty=c&ta=1&p=d

https://www.zerohedge.com/markets/opec-taking-fed-and-goldman-buying-every-barrell-it-can-find

I never trust anything Goldman says…..but Putin did make v clear the real mkt is taking on the Paper mkt, with his comments about how paper won’t heat yr home, last week.

and note, just after the Pipelines were cut Opec immediately talks of a large cut……we are looking at a crack up boom in Commodity prices, with the Fed feeding it.

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.