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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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  2. axstone

    axstone Silver Member Silver Miner

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    Good fight here..
    18-02-2015 2-35-33 PM.jpg
     
  3. Zed

    Zed Size doesn't count! Midas Member

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    We're good!

    200_s.gif

    JMO.
     
  4. axstone

    axstone Silver Member Silver Miner

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    X marks the spot for start of 5
     

    Attached Files:

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  5. axstone

    axstone Silver Member Silver Miner

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    100 CDN call.png
     
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  6. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    This is one thread I like to see resurrected... : )
     
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  7. axstone

    axstone Silver Member Silver Miner

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    looking for confirmation with a big break out to 1650 next 6 weeks.
     
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  8. axstone

    axstone Silver Member Silver Miner

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    I would like to stay above 1085 overnight.

    fib jan 12.png
     
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  9. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    I'd like to stay above an eighteen year old tonight.:blond:
     
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  10. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    Man...$1650 would be a great sight, but a bad portent of things to come. Lose Lose.
     
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  11. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    I see what you did there... :winks2:
     
  12. axstone

    axstone Silver Member Silver Miner

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    FANCY fancy.png
     
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  13. axstone

    axstone Silver Member Silver Miner

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    CDN 1650.png
     
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  14. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    Sooo....gold (in CDN) broke a resistance line? Am I reading that right?
     
  15. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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    Ax, your charts of gold priced in Canadian dollars look like gold is increasing in value, but instead, your charts show that the Canadian dollar is plunging:

    Canada dollar.jpg
    http://futures.tradingcharts.com/chart/D6/W/?anticache=1325306130

    Gold priced in USA dollars would look much the same if the USDX exchange rate was comparably dropping like a rock against other currencies. Actually the value of gold has had little change (but with a small upward bias) over the previous few months as shown in the chart below of the US$ price of gold times the USDX exchange rate. The chart would have the same shape (but with a different scale) if you plot the price in Canadian dollars times the Canadian exchange rate on a semi log chart.

    MAU-W_zoom.jpg
    http://sitekreator.com/Optimist/gold__silver.html
     
    Last edited: Jan 16, 2016
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  16. axstone

    axstone Silver Member Silver Miner

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    Where is all the Gold going to come from to protect from every fiat currency from Crashing.. thats the question!!
    all Fiat Charts will look like this

    rr.png
     
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  17. axstone

    axstone Silver Member Silver Miner

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    no backing 20 us 20 monopoly.png in the absence of.png
     
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  18. axstone

    axstone Silver Member Silver Miner

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    WHO IS GOING TO CONTROL PHYSICAL GOLD??


    who controls money.png
     
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  19. axstone

    axstone Silver Member Silver Miner

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    we are here in cdn.png
     
  20. bemac

    bemac Midas Member Midas Member

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    The monopoly money doesn't have an IRS demanding trillions of them.
     
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  21. axstone

    axstone Silver Member Silver Miner

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    I think the ink and paper is slightly different too
     
  22. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    You're suggesting that the price of gold in USD is about to jump up dramatically...possibly doubling?

     
  23. axstone

    axstone Silver Member Silver Miner

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    I think it may take up to 3 years, but yes, more than double in CDN dollars
    A bit of consolidation up and down, the major break out is not until gold moves up in all Fiat currencies.
    like weatherman correctly pointed out, the strength now is a rapidly falling CDN dollar (which is interesting in direction), that's not good enough yet to confirm wave 5 has started.
     
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  24. bemac

    bemac Midas Member Midas Member

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    My point is monopoly money is only demanded when one is actually playing monopoly. The demand for dollars gives it its value, the IRS demands payment in dollars, lots of debt out there is denominated in dollars. So comparing monopoly money to USD is a little ridiculous. If all we were fighting against was monopoly money, we would have won a long time ago.
     
  25. axstone

    axstone Silver Member Silver Miner

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    The biggest fight is against stupidity
     
  26. Merlin

    Merlin Gold Member Gold Chaser Site Supporter ++

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    There is no cure for stupidity.
     
  27. axstone

    axstone Silver Member Silver Miner

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    Silver is just waiting 2190 silver.png
     
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  28. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Back in August 2015 on USAWatchdog Sinclair said gold will rise, but silver will be 'gold on steroids'.

     
  29. axstone

    axstone Silver Member Silver Miner

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    and here is your catalyst this time...
     
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  30. axstone

    axstone Silver Member Silver Miner

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    Glencore's "Investment Grade" Bonds Just Took Out September Crash Lows: Downgrade To Junk Imminent

    [​IMG]
    Submitted by Tyler Durden on 01/18/2016 10:36 -0500


    We predicted that the best way to trade the upcomingCommodity/Copper/China Collapse is by going long Glencore CDS, the equivalent of shorting Glencore bonds (and implicitly stock).

    [​IMG]



    Back then the CDS was at 170bps.

    Less than two years later, going long Glencore CDS may have been the best risk/return commodity trade in the world, as over the weekend GLEN CDS blew out to new post-crisis highs of 1,128 bps, nearly 7 times wider than the 170bps from March 2014, but more troubling is that Glencore's 2021 bonds just hit a 5 year low, taking out the September crash levels, and trading at about 64 cents on the dollar. These are currently rated "investment grade" by the less than credible rating agencies.

    [​IMG]

    However, following the recent junking of Noble Group which has sent its stock price to 12 year lows and which hints that a bankruptcy is now virtually inevitable, we expect Glencore to be junked any day now, with the ensuing cascade of margin and collateral calls testing just how "systematically unimportant" the world's largest commodity traders really are, because remember: the world's favorite finance "expert" for Wall Street hire, Craig Pirrong, recently concluded that "Commodity trading firms are not a source of systemic risk."

    We'll find out soon enough.
     
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  31. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    all this 'engineered' economy is what keeps me completely out of the market follies.
     
  32. axstone

    axstone Silver Member Silver Miner

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  33. axstone

    axstone Silver Member Silver Miner

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    box gold.png
     
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  34. axstone

    axstone Silver Member Silver Miner

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    trend breakouts Gold jan 26.png
     
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  35. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    So please educate me...the blue line is "resistance" and the red line "support"? Is this correct?


     
  36. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    That's correct and the 'trend' is the overall direction.

    Once it breaks resistance, the possibility for a new 'trend' exists.
     
  37. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    Holy crap...so we've been "channeling" in a downward direction for almost 3 years now...
     
  38. axstone

    axstone Silver Member Silver Miner

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    wow you know channeling.. impressive
     
  39. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I learned the term from this site by reading posts by you, Weatherman, Zed, et al. I can barely spell "technical analy...er...analys...uh...analysys....anal isis.

     
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  40. axstone

    axstone Silver Member Silver Miner

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