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AXSTONE'S FINAL WAVE (5)

pitw

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I'd like to stay above an eighteen year old tonight.:blond:
 

Weatherman

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Ax, your charts of gold priced in Canadian dollars look like gold is increasing in value, but instead, your charts show that the Canadian dollar is plunging:

Canada dollar.jpg

http://futures.tradingcharts.com/chart/D6/W/?anticache=1325306130

Gold priced in USA dollars would look much the same if the USDX exchange rate was comparably dropping like a rock against other currencies. Actually the value of gold has had little change (but with a small upward bias) over the previous few months as shown in the chart below of the US$ price of gold times the USDX exchange rate. The chart would have the same shape (but with a different scale) if you plot the price in Canadian dollars times the Canadian exchange rate on a semi log chart.

MAU-W_zoom.jpg

http://sitekreator.com/Optimist/gold__silver.html
 
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axstone

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Where is all the Gold going to come from to protect from every fiat currency from Crashing.. thats the question!!
all Fiat Charts will look like this

rr.png
 

axstone

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I think it may take up to 3 years, but yes, more than double in CDN dollars
A bit of consolidation up and down, the major break out is not until gold moves up in all Fiat currencies.
like weatherman correctly pointed out, the strength now is a rapidly falling CDN dollar (which is interesting in direction), that's not good enough yet to confirm wave 5 has started.
 

bemac

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I think the ink and paper is slightly different too
My point is monopoly money is only demanded when one is actually playing monopoly. The demand for dollars gives it its value, the IRS demands payment in dollars, lots of debt out there is denominated in dollars. So comparing monopoly money to USD is a little ridiculous. If all we were fighting against was monopoly money, we would have won a long time ago.
 

Merlin

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Goldhedge

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Back in August 2015 on USAWatchdog Sinclair said gold will rise, but silver will be 'gold on steroids'.

 

axstone

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Glencore's "Investment Grade" Bonds Just Took Out September Crash Lows: Downgrade To Junk Imminent


Submitted by Tyler Durden on 01/18/2016 10:36 -0500


We predicted that the best way to trade the upcomingCommodity/Copper/China Collapse is by going long Glencore CDS, the equivalent of shorting Glencore bonds (and implicitly stock).





Back then the CDS was at 170bps.

Less than two years later, going long Glencore CDS may have been the best risk/return commodity trade in the world, as over the weekend GLEN CDS blew out to new post-crisis highs of 1,128 bps, nearly 7 times wider than the 170bps from March 2014, but more troubling is that Glencore's 2021 bonds just hit a 5 year low, taking out the September crash levels, and trading at about 64 cents on the dollar. These are currently rated "investment grade" by the less than credible rating agencies.



However, following the recent junking of Noble Group which has sent its stock price to 12 year lows and which hints that a bankruptcy is now virtually inevitable, we expect Glencore to be junked any day now, with the ensuing cascade of margin and collateral calls testing just how "systematically unimportant" the world's largest commodity traders really are, because remember: the world's favorite finance "expert" for Wall Street hire, Craig Pirrong, recently concluded that "Commodity trading firms are not a source of systemic risk."

We'll find out soon enough.
 

Goldhedge

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and here is your catalyst this time...
all this 'engineered' economy is what keeps me completely out of the market follies.
 

Goldhedge

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So please educate me...the blue line is "resistance" and the red line "support"? Is this correct?
That's correct and the 'trend' is the overall direction.

Once it breaks resistance, the possibility for a new 'trend' exists.
 

Thecrensh

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Holy crap...so we've been "channeling" in a downward direction for almost 3 years now...