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AXSTONE'S FINAL WAVE (5)

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



  1. Zed

    Zed Size doesn't count! Midas Member

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    You still can't help yourself can you?

    G3 is over at GS Chat if you really want to get it out of your system, he still has some bile for you!
     
  2. bemac

    bemac Midas Member Midas Member

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    Gah, that site still exists?
     
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  3. Zed

    Zed Size doesn't count! Midas Member

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    That's a good point I really can't say that I know!
     
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  4. axstone

    axstone Silver Member Silver Miner

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    x

    gold sep 30.JPG
     
  5. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    So that "channel" marks the upper and lower bounds of expected movement right? At least for the near future...?
     
  6. axstone

    axstone Silver Member Silver Miner

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    That black lower trend line must not be breached to the downside.
    We need 1400 to confirm the 5th wave is still on track (mania wave is underway in the paper market).
    1400 would signify a bull trend with a higher high from the previous 1360 area
     
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  7. savvydon

    savvydon Gold Member Gold Chaser

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    Looking good atm imo. The recent COT report showed commercials and specs starting to trade positions again, which could mean that the current move down is running out of steam. we c
     
  8. axstone

    axstone Silver Member Silver Miner

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    Maybe back and fill touch 1262 a couple times intraday

    gold bottoming.JPG
     
  9. axstone

    axstone Silver Member Silver Miner

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    NEXT FIB 1480 1600 1720
    gold oct 21.JPG
     
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  10. perry

    perry New Member

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    It seems like 1279 is the magic number. :)
     
  11. axstone

    axstone Silver Member Silver Miner

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    2018 gold.JPG
     
  12. axstone

    axstone Silver Member Silver Miner

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  13. savvydon

    savvydon Gold Member Gold Chaser

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    Radical!

    I'm skeptical of this kind of a moonshot. Also, I wouldn't mind if it unfolded a bit slower. I'm still in the accumulation phase. :exercise:
     
  14. axstone

    axstone Silver Member Silver Miner

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    I am skeptical too
    . Glad its not my call :winks2:
     
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  15. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    #metoo!
     
  16. axstone

    axstone Silver Member Silver Miner

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    This is going to hurt

    doozy.JPG
     
  17. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I wonder what's driving the dollars downturn? Maybe DJT is making the foreign leaders squeamish about the USD. If the dollar falls and oil pops up, that will put a lid on job creation for a while.
     
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  18. perry

    perry New Member

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    My speculation has to be in a form of cryptocurrency. It may have been the worst mistake of mankind to introduce cryptocurrency in the first place. What I am about to see is that some countries are banning cryptocurrency and they start coming up with a new form of payment outside of USD control. Any time that USD loses appeal it declines. American cryptocurrency has USD appeal and time will tell if they failed economics.
     
  19. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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  20. axstone

    axstone Silver Member Silver Miner

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    2011 The Dollar was in big trouble, it was also very extended
    I think the Dollar was due for a natural bounce, but the Intervention kicked into high gear,
    the world was not ready for a change in world reserve currency.
    Jim Rogers said it best there will be a rush to US dollars for the wrong reason and I think this kicked the dollar up past a long term down trend
    and caused a short squeeze AKA a bull Trap in the Dollar
    China and everyone else has now come up with an alternative strategy for the world reserve currency and I think we are seeing it unfold.
    Lets see what happens


    FROM JIM ROGERS INTERVIEW.. 2011

    Jim why are you long the dollar?

    Rogers: I am long the dollar because of all of the chaos going on around the world and because people dumped the dollar. There was lots of selling. Everybody is bearish on the dollar including me. I am the biggest bear in the world on the dollar but when I saw everybody too bearish, I bought dollars. There is this chaos and I am afraid there is going to be more flight capital. People see the dollar as a safe haven. It's not a safe haven. But since it's still in people's mind that's why I still own the dollar. But when people start getting exuberant about the dollar, if they do, I'll sell my dollars and I may never own the dollar again.


    intervention.jpg
     
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  21. axstone

    axstone Silver Member Silver Miner

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    Still looks like a wave iii is in progress
    wave iii.jpg
     
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  22. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    So the spike in gold wasn't necessarily due to it's speculative value, but rather a combination of that and the crashing dollar....
     
  23. savvydon

    savvydon Gold Member Gold Chaser

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    I dunno, subwave iii would be part of wave d, which makes it pretty big and long in comparison to wave b. Also, are you expecting gold to fall significantly as part of a medium term outlook wave e?
     
  24. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
    Last edited: Jan 13, 2018
  25. axstone

    axstone Silver Member Silver Miner

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    Could see 1250 before 1600 who knows
     
  26. axstone

    axstone Silver Member Silver Miner

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    HOWEVER. ,.

    DTMQ1DEX0AEh4ms.jpg
     
  27. axstone

    axstone Silver Member Silver Miner

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    Line in the sand
    silver.JPG
     
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  28. axstone

    axstone Silver Member Silver Miner

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    Targets
    gold Jan 14.JPG
     
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  29. axstone

    axstone Silver Member Silver Miner

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    gold 2022.png
     
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  30. bemac

    bemac Midas Member Midas Member

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  31. axstone

    axstone Silver Member Silver Miner

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  32. axstone

    axstone Silver Member Silver Miner

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    view 1.JPG view 2.JPG
     
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  33. axstone

    axstone Silver Member Silver Miner

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    TIME TO RE BALANCE THE GLOBAL PORTFOLIO
     
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  34. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    When I look at that representation of silver on that chart I can say "Hey I know those two guys" (andial and stonedwankanobe).
     
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  35. louky

    louky Silver Member Silver Miner

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    looks familiar



     
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  36. axstone

    axstone Silver Member Silver Miner

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  37. axstone

    axstone Silver Member Silver Miner

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    I love that, now you are talkin
     
  38. louky

    louky Silver Member Silver Miner

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    Lol 9k it is

    [​IMG]
     
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  39. axstone

    axstone Silver Member Silver Miner

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    10,000 GOLD --
    " That's just simple math -
    That's not some made up number. That number is actually fairly easy to calculate"




    https://www.moneymetals.com/podcasts/2018/01/19/next-financial-crisis-prediction-001381

    JIM RICKARDS....

    It's ease relative to expectations. That's what's going to happen later this year. All of a sudden, this headwind's going to turn into a tailwind and gold's going to get an even bigger boost. I see it going to $1,400 over the course of this year, perhaps higher. My long-term forecast for gold, of course, is $10,000 an ounce, but that's ... and I'm not backing away from that. That's just simple math. That's the implied noninflationary price of gold if you need to use gold to restore confidence in a monetary system in a financial panic or liquidity crisis where people have lost confidence. That's not some made up number. That number is actually fairly easy to calculate, but you don't go there overnight. You got to get to $2,000 and $5,000 before you get to $10,000.

    I think right now, we're in a new bull market. It's going to run for years. We've got that momentum. We’re off the bottom, but people are always most discouraged at the bottom, right? Well, that's the time you should buy. It's just human nature. I'm not faulting anyone. I'm not criticizing anyone, it's just human nature to say, "Oh man, I'm so beaten down. I'm so sick of this. I'm so tired of this." Well, that's usually the time to buy and guess what, it is.
     
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  40. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    I'm hoping but I think I'll die of old age waiting.

    :gold:
     
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