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AXSTONE'S FINAL WAVE (5)

Discussion in 'Gold Silver (All things Metal)' started by axstone, Apr 14, 2013.



  1. axstone

    axstone Silver Member Silver Miner

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    I cant see fundamentally why we don't bottom soon here and make a historical run to break the long term downtrend, and move much higher much faster than most expected. This will confirm the resumption of the bull market, and set the target of the all time highs of 1900.
    The talk of interest rates rising is not in the cards its just that talk, this is all a head fake, we either have an accelerated inflation or a debt collapse, in both cases you need physical gold, big players are buying physical gold.
    They can play with the derivatives, but the game is coming to a close for fiat currencies, I can feel it when talking with banks everyday. They are restructuring for it now.
     
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  2. JayDubya

    JayDubya Platinum Bling Platinum Bling

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  3. louky

    louky Silver Member Silver Miner

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    Totally agree, very well said. Especially regarding the interest rate talk. It's sad how the less informed fall for this rate talk when all the hard numbers say it's not possible. QE 4 announcement coming in December, my guess.

    [​IMG]
     
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  4. louky

    louky Silver Member Silver Miner

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    I hope you're not sitting and waiting for 16 to buy when we've just seen 17.20, the low end of the institutional demand zone. Even if 16 happens. 16 vs 17.20 with premiums you pay the same. Then think about axstone's 1900 comment. Where will silver be then? Will you care if you paid the same price with premiums at 16 vs 17.20 when that day comes?

    Sorry axstone, don't mean to disrupt your thread. Thanks for sharing your thoughts.
     
    Last edited: Oct 9, 2016
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  5. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    Nope louky, not waiting, I'm a fairly consistent buyer. Whenever I have the extra scratch, I try to pick up something.
     
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  6. axstone

    axstone Silver Member Silver Miner

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    "Sorry axstone, don't mean to disrupt your thread. Thanks for sharing your thoughts."

    Not at all..

    One of the lessons Jim Sinclair taught me about corrections (taught all that read his site and comprehended) was ask yourself where was the next big money to be made was. he used angels, magnets, targets fib projections.
    You look where the next bullish projection is lock your sites on it and don't let go, don't sway in your opinion by a harry dent article or the like. know it will materialize and sell 1/3 of your position in that range! Dollar cost averaging or stacking will work too ..LOL
    My next sell range is 1600, CDN 1900 (1/3 of new money I put into this range)

    reactions and projections.png
     
    Last edited: Oct 10, 2016
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  7. axstone

    axstone Silver Member Silver Miner

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    chart.jpeg
     

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  8. savvydon

    savvydon Gold Member Gold Chaser

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    Within the next 12 months or so, eh ax?

    Good to see you back posting.
     
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  9. Zed

    Zed Size doesn't count! Midas Member

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    eeeeeeek!

    I seen a ghost!

    :ouch:

    :Out:

    :nurse:
     
  10. Ebie

    Ebie Midas Member Midas Member

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    Now what?
     
  11. axstone

    axstone Silver Member Silver Miner

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    I am waiting for confirmation. Breaking the blue downtrend resistance line. Been a long manipulated wait
     
  12. Zed

    Zed Size doesn't count! Midas Member

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    Summer in Canada, 3 trillion bugs get their short breeding cycle in and the Canadians get eaten alive.... again!
     
  13. Zed

    Zed Size doesn't count! Midas Member

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    Wouldn't that be just peachy! LOL.... yawn... but the WAIT! Dear god I am bored!
     
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  14. axstone

    axstone Silver Member Silver Miner

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    Biggest compressed spring in financial history
     
  15. Zed

    Zed Size doesn't count! Midas Member

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    What? My brain? :D

    "Spring Break" is going to be WILD! :p
     
  16. Zed

    Zed Size doesn't count! Midas Member

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    Ax got boring in his dotage, come back and play you old fart!
     
  17. axstone

    axstone Silver Member Silver Miner

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    chart.jpeg
     
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  18. Zed

    Zed Size doesn't count! Midas Member

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    Come on... lighten up dude, all this TA is just DULL man! Leme know when silver has flames coming out is a$$! :p :D :pirates:
     
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  19. Zed

    Zed Size doesn't count! Midas Member

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    The three conflicting 'speed line' sets that I have on one of my monthly charts. IMO that 1500-50 area is the final frontier, over that the market will stop arguing the toss and focus on dip buying and profit taking.

    2c

    JMO.

    AU-M-20170324.png
     
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  20. axstone

    axstone Silver Member Silver Miner

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    Almost There Zed :2 thumbs up:
     
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  21. axstone

    axstone Silver Member Silver Miner

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    cup n handle.png

    GOLD SHOULD EXPLODE OUT OF THIS FORMATION
    CUP N HANDLE

    NAHHH too obvious
     
  22. axstone

    axstone Silver Member Silver Miner

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    Confirmation wave 5 has started ... wave 4 is over
    end of 4.png
     
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  23. savvydon

    savvydon Gold Member Gold Chaser

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    So the numbered points represent the subwaves within the wave 5 you are referring to?
     
  24. Zed

    Zed Size doesn't count! Midas Member

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    Must do, 5 points, 3 up moves 2 down moves... doesn't really look big enough to me. Though my targets are modest in comparison to the 10 to 50K crowd!
     
  25. savvydon

    savvydon Gold Member Gold Chaser

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    Right. Three waves are usually bigger than 1 waves. also in precious metals 5 waves are often the largest. Certainly could be the way ax has it labeled, but if so we have a looooonnngg way to go. Not that there is anything wrong with that. :idea:
     
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  26. axstone

    axstone Silver Member Silver Miner

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    I was showing we are starting a minor impulse wave within intermediate impulse wave. I have no idea where the top of wave 3 is.. Zed is probably right its much higher than where I dropped it on the chart
     
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  27. axstone

    axstone Silver Member Silver Miner

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    GAME ON!!!

    monthly breakout.JPG
     
    Last edited: Sep 1, 2017
  28. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I guess "game on" is a technical term for "good"? ;)
     
  29. axstone

    axstone Silver Member Silver Miner

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    DEPENDS
     
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  30. Zed

    Zed Size doesn't count! Midas Member

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    This recent strength is better than I had expected. With luck 1300 will hold on any pull back and a pull back still looks due. To be honest I won't be relaxed about it until we exceed, and hold, point one on that chart. So far so good but this could still remain a frustrating consolidation period for some time.

    Still finding the action in the crypto-currencies fascinating. To me they indicate the true state of the fundamental drivers that move the gold market. I'm watching the car market with interest, seems to be pointing to a bit of a catastrophe. That along with the bloodletting that's going on in retail make it hard to imagine this having any sort of Goldilocks ending.
     
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  31. axstone

    axstone Silver Member Silver Miner

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    ZED SAID:
    This recent strength is better than I had expected

    AX says:
    ITs 2017, Better than you expected LMAO

    ZED SAID:
    Still finding the action in the crypto-currencies fascinating

    AX says:
    LMAO
     
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  32. axstone

    axstone Silver Member Silver Miner

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    2400.jpg
     

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  33. axstone

    axstone Silver Member Silver Miner

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    2400.jpg
     
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  34. louky

    louky Silver Member Silver Miner

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  35. Zed

    Zed Size doesn't count! Midas Member

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  36. axstone

    axstone Silver Member Silver Miner

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    What does my signature say? :winks2:
     
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  37. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    sweet!!!! Now all I need to do is get my hands on some Canadian dollars....
     
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  38. mispillion

    mispillion Silver Member Silver Miner Site Supporter

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    But don't you think that if the problem in Korea was resolved they would drive gold back through the floor? At least until the next goat-rope was created.
     
  39. Zed

    Zed Size doesn't count! Midas Member

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    Nuthin useful!

    5400 USD is one number that keeps coming up when l do various projections.
     
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  40. Zed

    Zed Size doesn't count! Midas Member

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    I feel like that some daze.
     
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