• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

AXSTONE'S FINAL WAVE (5)

bemac

Midas Member
Midas Member
Joined
Nov 5, 2010
Messages
5,547
Likes
4,691
Greenspan was a "sound money advocate," too, and he helped blow up one of the biggest bubbles in history.
 
Joined
Mar 31, 2010
Messages
181
Likes
122
"Ms Shelton has long been sympathetic to the gold standard, which the US fully abandoned in the early 1970s in favour of a flexible exchange rate for the dollar. “People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says. Her big dream is a new Bretton Woods-style conference — “if it takes place at Mar-a-Lago that would be great” — to reset the international monetary system, replacing the current regime, mostly based on floating currencies. Ms Shelton said countries should agree to tie their currencies to a “neutral reference point, a benchmark” — which she envisages to be a “convertible gold-backed bond”.

Fed candidate slams bank’s ‘Soviet’ power over markets
https://www.ft.com/content/46c4b186-8308-11e9-b592-5fe435b57
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
Where in the hell do you come up with this shit so fast?
I was searching the internutz when the fast modems where 2400bps, you learn to be efficient with your searches @ that blinding speed!

It's a skill I guess.... :don't know:
 
Last edited:

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
Greenspan was a "sound money advocate," too, and he helped blow up one of the biggest bubbles in history.
Yeah, and Darth Vader was a Jedi! LOL.
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
"Ms Shelton has long been sympathetic to the gold standard, which the US fully abandoned in the early 1970s in favour of a flexible exchange rate for the dollar. “People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says. Her big dream is a new Bretton Woods-style conference — “if it takes place at Mar-a-Lago that would be great” — to reset the international monetary system, replacing the current regime, mostly based on floating currencies. Ms Shelton said countries should agree to tie their currencies to a “neutral reference point, a benchmark” — which she envisages to be a “convertible gold-backed bond”.

Fed candidate slams bank’s ‘Soviet’ power over markets
https://www.ft.com/content/46c4b186-8308-11e9-b592-5fe435b57
I just can't see that we are going back to gold like it was..... and convertability, well, yeah sure we have the gold, trust us! What? Audit Fort Knox? Piss off you troll! ---> I think that there would be all those credibility issues etc. Maybe we do... but ... hmmmmmm, I can't see it yet.
 
Last edited:

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
Zed, whats with this candlestick?
Gotta be bad data?! Or someone with phat fingers just got fired! Nah... the bid stack would have soaked up a phat finger unless there was enough volume in it to knock the bid stack down that low... that would have made headlines... so no, must just be bad data! I think you will see it adjusted.
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
I gotta go to sleep, see if ya can't muster up some buying on the old Conex!
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
You guys are welcome on "The Fringe", bygones and all that. Play the ball is the only rule we have in Loony land!
 

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,587
Likes
11,713

Weatherman

In GIM since 2006
Gold Chaser
Site Supporter ++
Joined
Mar 30, 2010
Messages
2,954
Likes
3,691
No, the banksters have not been dumping an unlimited number of paper shorts to press silver to new lows below $14. My guess is that there is not as much profit in selling silver short at these low prices, and there is a huge amount of risk, so the banksters are content to simply hold prices in the $14 - $16 range. A breakout to a higher high however would accelerate the risk of much higher prices, and I think the banksters would substantially increase the number of paper shorts if that is needed to prevent silver from closing above $16.25.
My guess that the banksters would not allow silver to close above $16.25 was OK on Friday, but what's the bankster plan for next week? I have some cash waiting to buy near the end of the summer doldrums (mid July to early August) in hopes for a substantial year end rally as shown in seasonals charts. So my Wild A$$ Hope (not good enough to be a real guess) is that the banksters will press both gold and silver lower next week and into Tuesday 7/30 to take some of the bullish wind out of metals' sails before the FED announces a widely expected rate decrease on 7/31. If metals prices are lower over the next ten days, I plan to be a buyer! YMMV so DYODD.

SILVER_zoom.jpg

http://sitekreator.com/Optimist/charts.html

Gold-40-year-seasonal.jpg

http://www.321gold.com/charts/seasonal_gold.html

Silver-40-year-seasonal.jpg

http://www.321gold.com/charts/seasonal_silver.html
 

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,587
Likes
11,713
My guess that the banksters would not allow silver to close above $16.25 was OK on Friday, but what's the bankster plan for next week? I have some cash waiting to buy near the end of the summer doldrums (mid July to early August) in hopes for a substantial year end rally as shown in seasonals charts. So my Wild A$$ Hope (not good enough to be a real guess) is that the banksters will press both gold and silver lower next week and into Tuesday 7/30 to take some of the bullish wind out of metals' sails before the FED announces a widely expected rate decrease on 7/31. If metals prices are lower over the next ten days, I plan to be a buyer! YMMV so DYODD.

View attachment 136684
http://sitekreator.com/Optimist/charts.html

View attachment 136686
http://www.321gold.com/charts/seasonal_gold.html

View attachment 136685
http://www.321gold.com/charts/seasonal_silver.html
Whazzup old man?

Give me a holler next time you are in the DC area....hope all is well!!
 

Weatherman

In GIM since 2006
Gold Chaser
Site Supporter ++
Joined
Mar 30, 2010
Messages
2,954
Likes
3,691

axstone

Silver Member
Silver Miner
Joined
Apr 2, 2010
Messages
572
Likes
579
If they can get silver down to 15.40, They are still in control of the pricing mechanism
15_40.JPG
 

axstone

Silver Member
Silver Miner
Joined
Apr 2, 2010
Messages
572
Likes
579
Buy the Dips under the 70 or 80 day moving averages
(The last break out from consolidation in the GLD October 2009 confirmed the bull market
from the low of November 2008 up until mid 2011
buying under the 80 day Exponential moving average was very rewarding

2008 to 2011 run.JPG
 

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,587
Likes
11,713
Buy the Dips under the 70 or 80 day moving averages
(The last break out from consolidation in the GLD October 2009 confirmed the bull market
from the low of November 2008 up until mid 2011
buying under the 80 day Exponential moving average was very rewarding

View attachment 136810
Whats a current chart with the 80dma look like?
 

axstone

Silver Member
Silver Miner
Joined
Apr 2, 2010
Messages
572
Likes
579
notice the first break out from the horizontal line, tries to come back to the line, and then runs up huge into a rhino horn (as Jim Sinclair calls it)
GLD may close this gap and touch 128.50 area than really run
 

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,587
Likes
11,713
Once it moves above 130 that would be definite confirmation that this rocket has ignition...

Thanks for posting...
 

axstone

Silver Member
Silver Miner
Joined
Apr 2, 2010
Messages
572
Likes
579
as you said
You have to think short seller have to have big ones to hope the gap gets filled
(or the short seller are the market still) wash trading is still going on
rocket.JPG
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
15,082
Likes
13,820
Location
Just behind you.
should I bring out the French curves??? :laughing:
No, but if you consider you self to be a T/A you should be aware of the concept and the pitfalls of trading a backward fitting curve into the future.

Just sayin...