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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"The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill to "permit United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or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.
 

michael59

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#19
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.
No because I am getting ready to purchase some coins so the price has to go up I mean it is inevitable.
 

d-lod

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#20
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.
View attachment 92791

The time is ripe, can you confirm AU-MYN, Thanks
 

Au-myn

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#21
Hey d-lod,

I have to agree with you as a lot has changed in the nearly two years since I posted that chart.

I have an updated 3x20 scale P & F chart.

In July 2018 a sell signal was given at 1220 on a #2 Double Bottom (market top ) formation sending gold into a bear market.
What we have presently is a Bullish Signal pattern forming in the last four entries on the chart. A bottom at 1180 followed by a top at 1340 (2 on the chart) then a higher bottom in April at 1280 and currently a reversal upward to 1340. One more move up to 1360 will be the second and higher top buy signal completing the formation. Also note the highlighted quadruple top that will bust everything loose when penetrated at 1380.

Au2.png
 

d-lod

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#22
Hey d-lod,

I have to agree with you as a lot has changed in the nearly two years since I posted that chart.

I have an updated 3x20 scale P & F chart.

In July 2018 a sell signal was given at 1220 on a #2 Double Bottom (market top ) formation sending gold into a bear market.
What we have presently is a Bullish Signal pattern forming in the last four entries on the chart. A bottom at 1180 followed by a top at 1340 (2 on the chart) then a higher bottom in April at 1280 and currently a reversal upward to 1340. One more move up to 1360 will be the second and higher top buy signal completing the formation. Also note the highlighted quadruple top that will bust everything loose when penetrated at 1380.

View attachment 133672

I appreciate your prompt reply. Thanks

What I see in market, in macro trend is, a picture where it is time for gold bear to go in hibernation.

But still I have doubt about silver. The earlier 1980's top has not been crossed in 1911, so can you please throw some light, P&F, give a clear picture as closing price are not based on daily prices.

Thanks
 

Au-myn

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#23
Well d-lod, Silver as we all know has been slammed by those SOB scum bags at jp shitmorgan so I am waiting on a Bullish Signal formation breakout. An up move to 16.50 would do it.

You can see on the 3 x .50 scale P & F chart that although a breakout did occur in June 2016 at 18.50 on a #1 Double Top formation turning the chart bullish it did not last.

S1.png
 

the_shootist

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#25
It's a war like struggle now.....we're headed into the Bizarro World of social and financial upheaval. Please secure your seatbelts and keep your hands inside the coaster at all times! Any attempt to escape from the ride will be met with deadly force!

Have a great day!:2 thumbs up:
 
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Unca Walt

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#26
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.
Hey. Hiya Numbers!
 

917601

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#27
Back for a quick visit.....I started following Armstrong's forecasts when it became clear gold was going to dump years ago....he was correct....has been since around 2008, not much trust in Sinclair, Fib numbers, or the wave theory.....however, Armstrong has stated Jan 2020 things change dramatically. He is NOT a goldbug but is saying some interesting events will START happening in Jan 2020. He is on record as getting it right ( more so than any other forecaster on the planet) for at least the past twenty years...
 

Zed

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#28

Strawboss

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#29
P&F Charts are a legend.
Agreed. I have been using them ever since Au Myn graciously taught me how to use them...
 

Ebie

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#30
"..saying some interesting events will START happening in Jan 2020..."
Are those events positive or negative for the POG?

Back for a quick visit.....I started following Armstrong's forecasts when it became clear gold was going to dump years ago....he was correct....has been since around 2008, not much trust in Sinclair, Fib numbers, or the wave theory.....however, Armstrong has stated Jan 2020 things change dramatically. He is NOT a goldbug but is saying some interesting events will START happening in Jan 2020. He is on record as getting it right ( more so than any other forecaster on the planet) for at least the past twenty years...
 

Weatherman

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#31
View attachment 92810 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.
Trump is also a politician preparing for an essential reelection so he will have the ability to make dramatic changes in the USA finances. I hope that after he is reelected, Trump will take action to substantially reduce America's debt, even though the dollar will suffer proportionately. More of my guesswork at the link below:
https://www.goldismoney2.com/thread...sy-to-win-that-sure-thing.261476/post-1626563

As for a gold breakout, my bet continues to ride with the seasonals. Gold and silver typically (at least before 2011 when the FED and its bankster dogs illegally stepped on prices) stay in summer doldrums from late spring until July or early August. I sold some mining stock three months ago to raise cash for buying more approximately a month from now. If the seasonals are back in "season", The rally from August into spring 2020 could be substantial.
 

edsl48

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#32
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

The question to me is at what value did he report the receipt of the gold on his rental income summary. It would be even more interesting if he would have received coins where the stated value is considerably lower than its actual value. For all we know he didn't report it at all as so many in-kind or cash transactions are.
 

Au-myn

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#33
Time for an updated chart.

As Gold is approaches the 1500 fiat level it also creeps up on the first bullish resistance line at 1575.
May see the metal in a horizontal pattern in the middle of the channel prior to attacking the line.

When the resistance line is taken out, the ascending trend channel opens up into a very wide channel.
Gold 75.png
 

the_shootist

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#34
Time for an updated chart.

As Gold is approaches the 1500 fiat level it also creeps up on the first bullish resistance line at 1575.
May see the metal in a horizontal pattern in the middle of the channel prior to attacking the line.

When the resistance line is taken out, the ascending trend channel opens up into a very wide channel.
View attachment 138121
Does this mean I should hold?
 

Au-myn

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#37
The Gold vs. NYSE Composite Relative Strength Point & figure chart issued a buy signal today at 12 on a Bullish Signal formation. I highlighted the formation in black. The last buy signal in February 2016 failed. This time will be different...
au nya2.png