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Au Breakout

Au-myn

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#1
Hello Gold friends,
The Point & figure chart below is a $20 x 3 reversal scale.
Au finally broke of this five month forming Triple Top formation with a buy signal
at $1300. Although the Bullish support line was violated no sell signal occurred so
the line holds.

The Bullish resistance line was taken from the second wall of O's in July 2015. The first wall is
the O's wall in November 2016. The first wall is usually taken out early.

The ascending trend channel is open for a very nice up side. JMO.
Au 20x3.png
 

nickndfl

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#3
Gold & silver will go on to make new highs when the economy starts to overheat.
 

stAGgering

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#4
Gold & silver will go on to make new highs when the economy starts to overheat.
Inflationary overheating, the result of dollar devaluing, will not increase purchasing power of Au.
The "new highs" will predominantly be a maintained value as cited throughout history and this forum.
For you and I, and those here who have planned in advance, let us see the moment(s) in which "new highs",
make us Kings.
My founded apprehension remains with reliance upon multiple aspects and assets.
Longer the adjustment or realization waits to occur, fewer assets will have any value at all.
 

917601

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#5
image.jpeg
I have heard this quite often the past 4-5 years,.....I like optimism, but Trump is a businessman, and business does not flourish with all the effects of climbing gold prices. I have yet to hear Trump or any Trump appointees even whisper the word " Gold" or "Audit"....that said, I do believe if Trump ever senses an economic collapse, gold controls will quietly disappear.
 
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917601

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#6
image.jpeg
Don't forget this tid bit, worth watching.

Not enough credit is given to President Ford, he should be a hero to all GIMers. Remember when gold was illegal to buy?....probably not. Ford " legalized" gold ownership while in office.

"The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad" with an act of Congress codified in Pub.L. 93–373,[19][20][21] which went into effect December 31, 1974."...and yes, I was buying K rands and Mexican Gold Onzas ( the thick 1.2 oz's with the mountains) back then.
 
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louky

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#7
View attachment 92811 Don't forget this tid bit, worth watching.

Not enough credit is given to President Ford, he should be a hero to all GIMers. Remember when gold was illegal to buy? Ford " legalized" gold ownership while in office.

"The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad" with an act of Congress codified in Pub.L. 93–373,[19][20][21] which went into effect December 31, 1974."

I guess Apmex knew what they were doing. Trump on the other hand, accepted gold as payment at the top in 2011, what a fool. Then you realize it was a measly 176k worth and he wipes his ass with that


2011
http://www.businessinsider.com/trump-to-take-real-estate-deposit-in-gold-bars-2011-9
 

917601

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#8
I guess Apmex knew what they were doing. Trump on the other hand, accepted gold as payment at the top in 2011, what a fool. Then you realize it was a measly 176k worth and he wipes his ass with that


2011
http://www.businessinsider.com/trump-to-take-real-estate-deposit-in-gold-bars-2011-9
I would not call Trump a fool, maybe a goldbug, but not a fool. Calling him a fool for accepting gold disrespects all gold bugs, just ask the Venezuelans who bought gold back in 2011. I know of one who bought gold, then into retirement sold it off for rental property and a restaraunt, he has nothing today....the renters stopped paying rent when they lost their jobs and the restaraunt went bust when food shortages started occurring.
 
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louky

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#9
I would not call Trump a fool, maybe a goldbug, but not a fool. Calling him a fool for accepting gold disrespects all gold bugs, just ask the Venezuelans who bought gold back in 2011.
Trump isn't a gold bug, that much is certain. He reported 100-200k in gold holdings with his assets and liabilities disclosure required to run for president. So trump has about the equivalent in gold as I have in pennies from when I was a kid, kept in this giant storage bottle. Probably $300 worth.
 
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louky

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#10
3.5 billion net worth....

100k in physical gold he got stuck with from accepting as payment at the Sept 2011 top. All while commenting on video recording that he took the gold as payment because the $ was going to crash. Haha, not so much.


 
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michael59

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#11
K, U two butts define value? ur going to call the Trump bogass well fine, cool. IF U wana call some one in Vene-is-suie-wail-ya a chump for cashing in at fair market value and then things go to shit fine; THOSE ARE YOUR DISJOINTED views.

Thing is life is f'ed, k-even I know that. Look at it this way.....go ahead and down that double whisky with ur eggs....a fifty dollar coin of gold has a tax value of $50 dollars. the gold does not carry "fair market value." It carries a tax OF $50.

So self lubricate and apply daily.
 

michael59

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#14
OK. How about Bruce Lee?....th


BF :p:p
fuck...three black stripes. Were then not the original "keds?"

edit: changed a assholie-O miss/stupid/take of a letter...Emtics....crash and burn mo-fo.... "Were the "M" them not the original keds?? fuck I think me drank 2 much br//,, beer....

K BIG question here.....where the f is the edge of this place because I so want to do the lemming thing.
 
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Bottom Feeder

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#15
michael, michael, it's only 8:00 am, didn't you stop drinking from last night?
heh... you prolly won't answer me till tomorrow though, heh...

Take care my friend
BF
 

michael59

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#16
michael, michael, it's only 8:00 am, didn't you stop drinking from last night?
heh... you prolly won't answer me till tomorrow though, heh...

Take care my friend
BF
haha ran out of the lil cans. killed 18 of the shorts and 6 of the pounders. so I have a question? when is NOT the right time? Me B thinking get it on and get it over with.

edit: this'll go good with the bible packers; "What hinders you now?" yeah figure that one out.
 
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d-lod

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#17
Thanks Au-Myn,.............

Your chart is suggesting the final confirmation would be crossing of 1380$

Thanks
 

lumpOgold

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#18
So now we're in Oct, what does the crystal ball chart look like now? I just bought a bit more, so the price should go down tomorrow.