1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

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

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    Looks like a bullish rising pennant rising penant.png to me, time will tell
     
    andial, Goldhedge and bemac like this.
  2. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    pennant definition.png
     
  3. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,924
    Likes Received:
    1,471
    Trophy Points:
    113
    The COT report on Friday was pretty bearish. But even if we punch down into the 1180/1190 area we may convert from bullish pennant to bullish flag.
     
  4. bemac

    bemac Midas Member Midas Member

    Joined:
    Nov 5, 2010
    Messages:
    5,245
    Likes Received:
    4,231
    Trophy Points:
    113
    Ax,

    First off, thanks again for the charts.

    Secondly, how is silver looking? Am I wrong to think it's likely in a similar situation?
     
  5. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    Silver is a wild animal, I think we will see the Silver ratio drop when we are technically in a Bull Market for Gold. Right now the chart looks sloppy to me
    I have no doubt silver will explode higher eventually. I have a target of 4000 gold CDN at a 15 :1 Ratio some day..(MINIMUM) silver feb 23.png
     
    andial, Weatherman and bemac like this.
  6. Unca Walt

    Unca Walt Midas Member Midas Member

    Joined:
    Mar 15, 2011
    Messages:
    6,967
    Likes Received:
    7,580
    Trophy Points:
    113
    Location:
    South Floriduh

    Interesting. If the gold price avoids super-gross manipulation, that bull-pennant seems to show a breakout to the upside.

    Today is the 25th, so on that chart, gold should be about $1213. As I type this, it is $1237... clearly outside the pennant.
     
  7. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    high consolidation feb 24.png

    There were trying to stick the GENIE BACK IN THE BOTTLE today.. LOL

    still a very high consolidation..
     
    bemac likes this.
  8. Unca Walt

    Unca Walt Midas Member Midas Member

    Joined:
    Mar 15, 2011
    Messages:
    6,967
    Likes Received:
    7,580
    Trophy Points:
    113
    Location:
    South Floriduh
    Interesting times...
     
  9. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
  10. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    gsr 30_1.png
     
    bemac likes this.
  11. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    new flag.png
     
  12. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    27,512
    Likes Received:
    30,613
    Trophy Points:
    113
    Occupation:
    Tech
    ^^ does the green slanted line show trend?
     
  13. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,344
    Likes Received:
    10,812
    Trophy Points:
    113
    With all due respect to axstone for his charting abilities,(( I have none, cant even read them) I don't see how they are of any value when dealing with such highly manipulated commodities like gold and silver.
     
  14. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    237
    Likes Received:
    195
    Trophy Points:
    43
    Silver has what appears to me to be a cup and handle formation on a daily chart. Gold has the same. Combined with other indicators in other markets, I think the bottom is in for G & S. Plus the return of Axstone is a bullish indicator..:-)
    SilverCupHandle.jpg
     
    bemac and axstone like this.
  15. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    I agree with you completely I was one of the first to jump up and down on the Manipulation subject, right there with Bill, at Goldrush 21 etc etc.

    when I do a chart, you are actually looking at the result that day including manipulation. I believe if gold wasn't manipulated, gold could easily be consolidating today at 2,300 U.S or higher for example today.

    I am not trying to predict anything, I am simply charting history on the FIX's close during the day. (its all we have to work with)

    some day I believe you could have an overnight gap up like we have seen in the Iranian Rial
    forex5xauirr20160220.jpg
     
    southfork likes this.
  16. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    bad timing.jpg
     
    bemac likes this.
  17. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    rising flag Mar 3.png
     
    bemac likes this.
  18. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    rising flag Mar 3b.png
     
    andial, bemac, dpong and 1 other person like this.
  19. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    1380.png
     
    bemac and andial like this.
  20. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    Here is a hint to the direction of Silver in U.S $ silver CDN.png
     
    bemac likes this.
  21. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,344
    Likes Received:
    10,812
    Trophy Points:
    113
    I still don't have a warm fuzzy feeling about gold or silver, every run gets beat back.
     
  22. dacrunch

    dacrunch Gold Chaser Platinum Bling

    Joined:
    Apr 9, 2010
    Messages:
    3,885
    Likes Received:
    2,498
    Trophy Points:
    113
    uh, the dollar scale looks a tad "optimistic", wouldn't ya thunk ?

    howdy btw !!

    ;)
     
    axstone likes this.
  23. FunnyMoney

    FunnyMoney Silver Member Silver Miner

    Joined:
    Apr 1, 2010
    Messages:
    2,144
    Likes Received:
    1,093
    Trophy Points:
    113
    This recent run from the 1080 area to the 1250 area hasn't seen a "beat back" and when we ran to 1190 during this run, I posted "we get to 1225 just on fumes alone" so since fumes alone have taken us to over 1250 I don't see any significant beat back as possible now.

    When we get to around 1400 is when they're going to attempt the next big beat down. (Axtone has posted the target as 1380 just a few posts above, and I would agree that 1376 to 1424 is the area of concern now
     
    axstone likes this.
  24. solarion

    solarion Gold Member Gold Chaser

    Joined:
    Nov 25, 2013
    Messages:
    3,315
    Likes Received:
    5,002
    Trophy Points:
    113
    I slaughtered a bird and smeared chicken guts. It tells me we're clear to 1437.95. :2 thumbs up:
     
  25. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
  26. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    gold mar 26.png
     
    Varmint Hunter likes this.
  27. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    AND HERE WE ARE
    here we are.png
     
    bemac, savvydon and andial like this.
  28. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    slv 24 cdn.png
     
    BackwardsEngineeer and bemac like this.
  29. JayDubya

    JayDubya Platinum Bling Platinum Bling

    Joined:
    Apr 5, 2010
    Messages:
    4,024
    Likes Received:
    3,934
    Trophy Points:
    113
    axstone, you REALLY need to stop by more often
     
    BackwardsEngineeer and savvydon like this.
  30. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    IT BEGINS
    wave 5 confirmation.png
     
  31. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

    Joined:
    Jan 7, 2011
    Messages:
    10,807
    Likes Received:
    8,322
    Trophy Points:
    113
    Location:
    Florida
    Axestone, in English, are we going back to $1275 before/if we go higher?
     
  32. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

    Joined:
    Aug 24, 2010
    Messages:
    3,276
    Likes Received:
    2,471
    Trophy Points:
    113
    We going up or down?
     
  33. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,793
    Likes Received:
    2,636
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
    I'm guessing 1550
     
  34. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,924
    Likes Received:
    1,471
    Trophy Points:
    113
    I am going to bring together Axstone and D-lod for a moment and interpret: 'The third wave is beginning - we are through the barrier and on the way up'. YMMV
     
  35. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    example.png Its possible we go higher but come back down to the trendline before pushing considerably higher.
     
    bemac likes this.
  36. Thecrensh

    Thecrensh Gold Member Gold Chaser

    Joined:
    Jun 26, 2013
    Messages:
    2,641
    Likes Received:
    2,453
    Trophy Points:
    113
    So you're saying there's a chance?
     
  37. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    of course I believe the direction is right, the timing however.....
     
    Thecrensh likes this.
  38. Thecrensh

    Thecrensh Gold Member Gold Chaser

    Joined:
    Jun 26, 2013
    Messages:
    2,641
    Likes Received:
    2,453
    Trophy Points:
    113
    Time to go get some SCUBA gear and look for my sunken boat...
     
    luckabuck likes this.
  39. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
  40. axstone

    axstone Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    306
    Likes Received:
    350
    Trophy Points:
    63
    weekly gold Aug5.png
     

Share This Page