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Au Breakout

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Au-myn, Aug 18, 2017.



  1. Au-myn

    Au-myn Founder Founding Member

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    Hello Gold friends,
    The Point & figure chart below is a $20 x 3 reversal scale.
    Au finally broke of this five month forming Triple Top formation with a buy signal
    at $1300. Although the Bullish support line was violated no sell signal occurred so
    the line holds.

    The Bullish resistance line was taken from the second wall of O's in July 2015. The first wall is
    the O's wall in November 2016. The first wall is usually taken out early.

    The ascending trend channel is open for a very nice up side. JMO.
    Au 20x3.png
     
    Uncle, gnome, Hystckndle and 3 others like this.
  2. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    Legend, need a legend.
     
  3. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Gold & silver will go on to make new highs when the economy starts to overheat.
     
  4. stAGgering

    stAGgering Silver Miner Seeker

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    Inflationary overheating, the result of dollar devaluing, will not increase purchasing power of Au.
    The "new highs" will predominantly be a maintained value as cited throughout history and this forum.
    For you and I, and those here who have planned in advance, let us see the moment(s) in which "new highs",
    make us Kings.
    My founded apprehension remains with reliance upon multiple aspects and assets.
    Longer the adjustment or realization waits to occur, fewer assets will have any value at all.
     
  5. 917601

    917601 Mother Lode Found Mother Lode

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    image.jpeg I have heard this quite often the past 4-5 years,.....I like optimism, but Trump is a businessman, and business does not flourish with all the effects of climbing gold prices. I have yet to hear Trump or any Trump appointees even whisper the word " Gold" or "Audit"....that said, I do believe if Trump ever senses an economic collapse, gold controls will quietly disappear.
     
    Last edited: Aug 19, 2017
  6. 917601

    917601 Mother Lode Found Mother Lode

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    image.jpeg Don't forget this tid bit, worth watching.


    Not enough credit is given to President Ford, he should be a hero to all GIMers. Remember when gold was illegal to buy?....probably not. Ford " legalized" gold ownership while in office.

    "The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad" with an act of Congress codified in Pub.L. 93–373,[19][20][21] which went into effect December 31, 1974."...and yes, I was buying K rands and Mexican Gold Onzas ( the thick 1.2 oz's with the mountains) back then.
     
    Last edited: Aug 19, 2017
  7. louky

    louky Silver Member Silver Miner

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    I guess Apmex knew what they were doing. Trump on the other hand, accepted gold as payment at the top in 2011, what a fool. Then you realize it was a measly 176k worth and he wipes his ass with that


    2011
    http://www.businessinsider.com/trump-to-take-real-estate-deposit-in-gold-bars-2011-9
     
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  8. 917601

    917601 Mother Lode Found Mother Lode

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    I would not call Trump a fool, maybe a goldbug, but not a fool. Calling him a fool for accepting gold disrespects all gold bugs, just ask the Venezuelans who bought gold back in 2011. I know of one who bought gold, then into retirement sold it off for rental property and a restaraunt, he has nothing today....the renters stopped paying rent when they lost their jobs and the restaraunt went bust when food shortages started occurring.
     
    Last edited: Aug 19, 2017
  9. louky

    louky Silver Member Silver Miner

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    Trump isn't a gold bug, that much is certain. He reported 100-200k in gold holdings with his assets and liabilities disclosure required to run for president. So trump has about the equivalent in gold as I have in pennies from when I was a kid, kept in this giant storage bottle. Probably $300 worth.
     
    Last edited: Aug 19, 2017
  10. louky

    louky Silver Member Silver Miner

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    3.5 billion net worth....

    100k in physical gold he got stuck with from accepting as payment at the Sept 2011 top. All while commenting on video recording that he took the gold as payment because the $ was going to crash. Haha, not so much.


    [​IMG]
     
    Last edited: Aug 19, 2017
  11. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    K, U two butts define value? ur going to call the Trump bogass well fine, cool. IF U wana call some one in Vene-is-suie-wail-ya a chump for cashing in at fair market value and then things go to shit fine; THOSE ARE YOUR DISJOINTED views.

    Thing is life is f'ed, k-even I know that. Look at it this way.....go ahead and down that double whisky with ur eggs....a fifty dollar coin of gold has a tax value of $50 dollars. the gold does not carry "fair market value." It carries a tax OF $50.

    So self lubricate and apply daily.
     
  12. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    OK. How about Bruce Lee?


    BF :p:p
     
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  13. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    dag-nab them copiy right/ist's K *hangs head* eye am off 2 the u-tuber....
     
  14. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    fuck...three black stripes. Were then not the original "keds?"

    edit: changed a assholie-O miss/stupid/take of a letter...Emtics....crash and burn mo-fo.... "Were the "M" them not the original keds?? fuck I think me drank 2 much br//,, beer....

    K BIG question here.....where the f is the edge of this place because I so want to do the lemming thing.
     
    Last edited: Aug 20, 2017
  15. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    michael, michael, it's only 8:00 am, didn't you stop drinking from last night?
    heh... you prolly won't answer me till tomorrow though, heh...

    Take care my friend
    BF
     
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  16. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    haha ran out of the lil cans. killed 18 of the shorts and 6 of the pounders. so I have a question? when is NOT the right time? Me B thinking get it on and get it over with.

    edit: this'll go good with the bible packers; "What hinders you now?" yeah figure that one out.
     
    Last edited: Aug 20, 2017
  17. d-lod

    d-lod dawn Silver Miner

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    Thanks Au-Myn,.............

    Your chart is suggesting the final confirmation would be crossing of 1380$

    Thanks
     
  18. lumpOgold

    lumpOgold Gold Member Gold Chaser Site Supporter

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    So now we're in Oct, what does the crystal ball chart look like now? I just bought a bit more, so the price should go down tomorrow.
     
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  19. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    No because I am getting ready to purchase some coins so the price has to go up I mean it is inevitable.
     
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