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AXSTONE'S FINAL WAVE (5)

axstone

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Please tell my why anyone other than a central bank would be short gold futures here? anyone
 

axstone

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If what Ted said yesterday BEFORE todays move in silver,
the seven big shorts are carrying a 4 billion dollar loss. they either booked it in the last 24 hours or the loss's just jumped and still counting
(JP Morgan net nuetral cause they own the physical along with their short)


 

axstone

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How global central banks will rebalance to avoid bankruptcy... Rare baseball card = Gold

Mr. Jim smith has a million dollars in debt no job, missed his 1100 mortgage payment three times, has no job and 60,000 credit card debt, and a car loan outsanding for 12,000, he gets called into the bank, the bank says you owe us over a million, you lost your job, how are you going to pay?, do you have any assets, he says " I have furniture maybe 15,000 art 2,000, some jewlery 10,000.

Bank says not even close, you need to come up with 1,000,000 minum with no job or we foreclose. He says wait, there is something in my safe, 2 rare baseball cards I payed 100 dollars for 40 years ago, but its very rare. look up how much a Babe Ruth 1914 baseball card is worth
 
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axstone

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magnet.jpg


“Gold will be the last man standing. After June of 2019 there will be an
entire new system monetarily only known to the early advocates of the theory
of ‘Free Gold’”

Jim Sinclair
 

Zed

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View attachment 139461

“Gold will be the last man standing. After June of 2019 there will be an
entire new system monetarily only known to the early advocates of the theory
of ‘Free Gold’”

Jim Sinclair
Been a while since I have heard mention of "FreeGold" around here!
 

axstone

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I would be surprised if we dont make new highs by first half of 2020
new highs 1st quarter 2020.JPG
 

axstone

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Question from a learner:
If you owned some of that at this point, would you unload now?
Good question, I think its a complicated answer, i own some with the intention to sell half my position 3,500 gold U.S.

Technically you have to be aware this could get weak because its not a producing asset, or it could be a bear trap it could drop 20 cents and shoot srtaight up if gold corrects and moves to 1700 like Paul Tudor jones suggests.

Their 43, 101 states thay have around 1 million ounces, but dont quote me there is a school of thought there could be double that.

In my opinion you need a raging bull market in gold to elevate stock prices in non producing assets.
 
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Strawboss

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Their 43, 101 states thay have around 1 million ounces, but dont quote me there is a school of thought there could be double that.
Hey learner...

Stick with the facts (43-101 results)...not the "school of thought" BS...
 

Goldhedge

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Their 43, 101 states thay have around 1 million ounces, but dont quote me there is a school of thought there could be double that.
1 million oz... is that a lot?
 

Zed

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axstone

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ampitude vs time. we may record moves in precious metals unmatched in history
 

Zed

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ampitude vs time. we may record moves in precious metals unmatched in history
So you are thinking a steep sharp move that will be "record setting". Is that a fair paraphrase?
 

Zed

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axstone

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I dont really care about the pivot point nominal values this wave up ,
its the angle of apprecition I am curious about - thats what I think will be historic in gold
angle of appreciation.JPG
 

axstone

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Cant argue with the tape but I would not be surprised if they spoof the trend line and cause stop loss liquidation
taking gold right down to the 1450 area

PERFECT TIMING FOR THE FOMC MEETING
lines us gold.JPG