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AXSTONE'S FINAL WAVE (5)

Zed

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Strawboss

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Me thinks the market has some rethinking to do regarding ol' Biden...
 

Zed

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Me thinks the market has some rethinking to do regarding ol' Biden...
If Biden is priced in with the thought that that's good for gold and we get a surprise Trump win, I say surprise from the mainstream media's polling point of view. Then it's possible we run into head winds post election. That shouldn't last long because December delivery looks like it is going to be unbearably big. If the comex is ever going to physically struggle to deliver it looks like it's going to be this December. It's about an interesting a set up as I can remember.
 

Zed

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Rickards is calling POG 15K 2025. He says if anything it will be sooner and higher not later and lower.
 

Zed

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axstone

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I have a case for 500 Silver

Palladium is trading at 10 times its 1980 peak of 250

10 times silver 1980 peak is 50 x 10 = 500 POS
IMG-20201025-WA0017.jpg
 

Zed

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axstone

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I am of the school of thought, that silver just needs to catch up
I think silver could easily be trading very soon at 2.18 times silvers old high of 50

GOLD 1980 high 875 X 2.18 = $ 1,907.50
SILVER 1980 High 50 x 2.18 = $ 109 ( should be today)

silver is simply trading at .25 cents on the dollar today.
 
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Zed

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I am of the school of thought, that silver just needs to catch up
Silver "catches up" toward the high in gold.... between now and then it closes the theoretical gap i.e. reduces the multiple. So from a GSR of 30 down we have to be on guard for a top.

Off course it could totally over shoot in a speculative frenzy.

JMO

etc.
 

Goldhedge

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TWTR took a hit... testifying b4 congress??

2020-10-30_13-46-08.png
 

axstone

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Everybody Knows
Leonard Cohen



Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
 

Zed

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Hard for me to imagine that we are going sub 1400 in dollar gold, even for a little while...

then again, there are lots of things in this universe that I can't imagine.
It's a Euro chart BTW.