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AXSTONE'S FINAL WAVE (5)

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



  1. southfork

    southfork Mother Lode Found Mother Lode

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  2. axstone

    axstone Silver Member Silver Miner

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    • I have a bullish view on Gold
    • I view a trading channel developing and I am assuming the channel doesnt break
    • I see gold is at at a resistance right now at a long term down trend channel see the orange section thats "resistance"\
    • I assume the recent trend is not broken
    • the 1480 area is a Fibonacci retracement level http://www.investopedia.com/terms/r/retracement.asp
    • and of course gold's valuation is fighting the paper and physical market which we are slowly moving to physical; the bias in my opinion is an upward revision in price

    range.png
     
  3. axstone

    axstone Silver Member Silver Miner

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    peek into the future.png Peak into the Future
     
  4. Ebie

    Ebie Midas Member Midas Member

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    "...gold's valuation is fighting the paper and physical market which we are slowly moving to physical..."
    Is the actual physical market growing?
    Where do you get that information?
    Is it growing faster than the paper market?
    This is the #1 key piece of information that ordinary citizens do not have.
    It puts a limit on the ratio of paper to physical.
    Otherwise the ratio can grow to 1M to one.
     
  5. axstone

    axstone Silver Member Silver Miner

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    Internet mostly. Lot of reading Some from Eric Sprott & friends

    Your last point..the answer is no
     
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  6. axstone

    axstone Silver Member Silver Miner

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    Ebie, are you aware of OHMS law??
    images.png

    Take the above circuit and put a silver wire between the first bulb
    now calculate the current.. hint the resistance is .00003 ohms
    for the silver wire (silver is a great conductor)


    images2.png
     
  7. Ebie

    Ebie Midas Member Midas Member

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    Yes.
    Why do you ask?
     
  8. axstone

    axstone Silver Member Silver Miner

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    My point is that ohms law is suppose to be a linear equation

    however a 9 volt battery with a resistance across the terminals of .00003 ohms
    will not give you 300,000 amps
     
  9. axstone

    axstone Silver Member Silver Miner

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    as the money supply approaches infinity, something will break down

    the current with a 9 volt battery will not reach infinity as a variable resistor approaches zero
     
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  10. axstone

    axstone Silver Member Silver Miner

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    clip_image001_thumb.jpg fredgraph.png
     
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  11. andial

    andial Sir Midas Member Site Supporter ++

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    Yes gold has been a bad hedge verses an exploding monetary base so far so has silver not doing what they were hired to do long ago.
     
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  12. savvydon

    savvydon Gold Member Gold Chaser

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    The line it is drawn, the curse it is cast
    the slow one now will later be fast
    as the present now will later be past
    there order is rapidly fading
    and the first one now will later be last
    for the times they are a changing

     
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  13. Ebie

    Ebie Midas Member Midas Member

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    Yes. but with a battery, you can calculate when it will happen...
     
  14. southfork

    southfork Mother Lode Found Mother Lode

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    Deep, I am therefore I must be.

    E
    I R
     
  15. axstone

    axstone Silver Member Silver Miner

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    I get your concern

    I am confident a new currency system will happen within 10 years ( not sure 100% how to calculate it)

    social unrest we are seeing is the 9v battery getting very warm
     
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  16. Unca Walt

    Unca Walt Midas Member Midas Member

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    As the local EE around here, I gotta lookit this:


    The above is true. And, yes, the analogy works for me when applied to PM's... as far as it goes.

    There is sumpin' called "internal resistance" in the battery itself, and that will be the limiting factor as to how much current will go through that silver wire.

    But the good point is... the analogy to PM's even holds when one considers the whole circuit -- and it goes thisaway:

    When you close the switch, you get a jillion amps (well, mebbe 20 amps) for a jillionth of time (limited only by internal resistance I=E/R or I = 9/0.5 on an AA battery at 21C).

    Then all kindsa heat and crap screw/blow the circuit to a standstill while the battery turns to hot mud. <-- Translating that fact to the PM analogy, we see that there will be an EXTREMELY SHORT PERIOD OF TIME when the circuit goes ballistic.

    Then everything in the circuit will take an absolutely total shit and shut down in rags and smoke.

    Pretty good analogy.
     
    Last edited: Aug 15, 2016
  17. axstone

    axstone Silver Member Silver Miner

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    there is only a finite of energy in the 9 volt battery
    (battery will die within the hour)

    there is only a finite amount of physical gold
    (derivative gold markets will die within the next decade)
     
  18. southfork

    southfork Mother Lode Found Mother Lode

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    Not unlike our .gov is it lol
     
  19. southfork

    southfork Mother Lode Found Mother Lode

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    Dang was hoping the paper gold farce would end within a year.
     
  20. axstone

    axstone Silver Member Silver Miner

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    @ 3:38 "They dont have it to deliver - and up she goes"
     
  21. axstone

    axstone Silver Member Silver Miner

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    good fight.png
     
  22. axstone

    axstone Silver Member Silver Miner

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    gold 1250 target.png
     
  23. axstone

    axstone Silver Member Silver Miner

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    Be very suprised if this trend line is not broken in a big way trend to be broken.png
     
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  24. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    As in down to $900?
     
  25. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Nah, when Axestone shows up it's always a bullish sign..:-)
     
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  26. louky

    louky Silver Member Silver Miner

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    I stalked Nomis in here. :)

    How have I never noticed this thread? Nice one!

    Institutional demand zone at 1260-1280 is calling gold's name
     
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  27. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I've been reading Axestones posts since about 2005. Part of my GIM 1 & 2 economic education.
     
  28. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    I'm sure you're not the only one.

    axstone's post have taught me a lot. I still have a long way to go.
     
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  29. axstone

    axstone Silver Member Silver Miner

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    No no.. I just think there are too many juicy stops below this trendline that probably helps the shorts rake in a profit
    if that happens the momentum of the technicals get more bearish (short term), before a reversal

    The big money is still to 1400 - 1600 and 1850 in my view

    AX
    PS thanks for the nice comments!!
     
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  30. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    you're welcome.
    you've earned them
     
  31. louky

    louky Silver Member Silver Miner

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    Eloquent way of putting it. I tend to gravitate towards visuals.

    [​IMG]

    Hunting those pre brexit stops
     
  32. axstone

    axstone Silver Member Silver Miner

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    This may be the most significant Trend line gold will have broken in U.S History. keep that in mind!! So expect a fight

    and what it means is a confirmation the bull market is alive and well (wave 5 has begun) and massive inflation is on its way.

    I believe the physical market is really a leading indicator of this, the paper market is a game that will be broken after this trend line is broken on the uspide
     
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  33. louky

    louky Silver Member Silver Miner

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    Exactly. Non rate hike isn't enough to push us over the top in my estimation. We push up against the line, post fomc. Then, I see something brewing on the horizon, 2-3 weeks out, maybe a month that finally uncorks the bottle.
     
    Last edited: Sep 19, 2016
  34. axstone

    axstone Silver Member Silver Miner

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    I agree, and gold never does the obvious!! Your emotions are always wrong with gold
     
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  35. louky

    louky Silver Member Silver Miner

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    I agree with you that we "need" to hit 1260-80. It's a big gap of stops they want to eat up. I just don't see time left unless we get a kick in the nuts via fomc wednesday.

    That said....

    ....Expect the unexpected as I posted elsewhere.
     
  36. louky

    louky Silver Member Silver Miner

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    BOJ and ECB meetings the next two days as well. Maybe it was never rate hike and they throw the curve ball
     
  37. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Thanks for the reply. If it were ot for you guys being willing to teach imbeciles like moi, I'd know nothing and as it is I know nothing + a wee bit.
     
  38. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Thanks for the reply. If it were ot for you guys being willing to teach imbeciles like moi, I'd know nothing and as it is I know nothing + a wee bit.
     
  39. axstone

    axstone Silver Member Silver Miner

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    gold in euros.png
     
  40. axstone

    axstone Silver Member Silver Miner

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    fib 1250.png
     

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