Axstones notes technical and fundamental analysis on GOLD

[Zed]

Hey! What about the mugging oil got last night! Yet Dr Copper barely got hit! Something is not right here..... hmmmmmmm

[Hystckndle]

Zed, I think it is the "unofficial " site I downloaded it from.
I do not have the linky on this computer.
I was interested in viewing what he had to say back then about now.

Yeah, they are in a box, no ?
Down baddddddd...up gooood....
BB...Secretary of Inflation...
Until they cannot legislate it fast enough to keep the house of cards standing.
( P.S. one day I gotta tell ya the story about the Marrochydore girls I met in Santorini...whew...breaking into a sweat now... )
Haystack

[Gcubed]

Hey! What about the mugging oil got last night! Yet Dr Copper barely got hit! Something is not right here..... hmmmmmmm

Who can afford oil? Chit.

[Zed]

Who can afford oil? Chit.

Get a hooker, they come with..... baby!

[Zed]

Zed, I think it is the "unofficial " site I downloaded it from.
I do not have the linky on this computer.
I was interested in viewing what he had to say back then about now.

Yeah, they are in a box, no ?
Down baddddddd...up gooood....
BB...Secretary of Inflation...
Until they cannot legislate it fast enough to keep the house of cards standing.
( P.S. one day I gotta tell ya the story about the Marrochydore girls I met in Santorini...whew...breaking into a sweat now... )
Haystack

Queensland girls are not backward in coming forward, so to speak :-) and on holidays.... well its a little like Catholic School Girls off the leash... full on party mode I bet!

[DHAWK]

Too much Thai-stick for Larry...

He must be smokin'

June 20

http://www.uncommonwisdomdaily.com/t...tion-now-12234

Or if you want to be more aggressive, the 300% leveraged inverse ETFs such as the ProShares UltraPro Short Dow 30 ETF (SDOW) … the ProShares UltraPro Short NASDAQ 100 ETF (SQQQ) … the ProShares UltraPro Short Russell 2000 ETF (SRTY) … and the ProShares UltraPro Short S&P 500 Index Fund (SPXU).

The green arrows indicate june 20 when he made call.



ok , here is june 27 article that brags on being right and recommends to hold short dow positions.

http://www.uncommonwisdomdaily.com/m...al-funds-12296

Or, if you wanted to be more aggressive, the 300% leveraged inverse ETFs such as the ProShares UltraPro Short Dow 30 ETF (SDOW) … the ProShares UltraPro Short NASDAQ 100 ETF (SQQQ) … the ProShares UltraPro Short Russell 2000 ETF (SRTY) … and the ProShares UltraPro Short S&P 500 Index Fund (SPXU).
If you acted on any of those suggestions, you’re in good shape. Hold those positions. The decline in the broad stock market averages is NOT over.


Am I missing something? One of us is smoking too much.
It seems the opposite of what he is saying is happening just like always.
Larry, my best contararian indicator.

[DHAWK]

Besides,
This thread needed a dang post, or is it dead.
Where is that White Rabbit? Ax?

Happy July 4th to all...

[Gcubed]

I am now convinced that Ax had his allowance revoked and was forced to seek gainful employment. That's my story and I'm stickin' to it.

[Zed]

Huh....

I heard Ken Nutz wuz here so I came to ava loooooooook?

Where is Ken?

[Zed]

Am I missing something? One of us is smoking too much.
It seems the opposite of what he is saying is happening just like always.
Larry, my best contararian indicator.

Lazza has been off the boil this year... I expected a reaction here but not this impressive! Lets see if it holds up... can't keep up at this pace, must take a rest here soon. This is what you get when the whole world is bearish, don't take much to put a squeeze into a crowded trade.

[Aussie]

http://www.martinarmstrong.org/files...07-13-2011.pdf

[Zed]

Grave digger!!!!

[Aussie]

http://www.kitco.com/ind/maund/jul142011.html

[lunar]

http://www.martinarmstrong.org/files...07-13-2011.pdf

Video On Gold As Independent Money - Return to Gold Standard Advocated in Print and Video

Submitted by Tyler Durden on 07/26/2011 - 08:00 British Pound Eurozone Gross Domestic Product India Marc Faber Middle East Recession Reuters Ron Paul United Kingdom Wall Street Journal World Bank A picture paints a thousand words and a video hundreds of thousands of words and this is a very informative video about our modern monetary system, fiat currencies and gold. It shows how fiat money has led to wars, massive debt, social inequality, economic bubbles, rampant consumerism, and environmental destruction. It shows that a return to a gold standard would help ameliorate today’s monetary, financial and economic ills. “A gold standard will not cure every social ill in the world, nor will it stop all senseless wars. Nothing will. However, by now it should be clear to everyone that the current fiat system is good only for bankers, brokers, politicians, war mongers, and the already wealthy. Everyone else loses as inflation eventually eats away at what's left of the rapidly shrinking 'middle class'. All fiat currencies including the US dollar are doomed. The only debate is the path it takes to get there.”


...this is what Armstrong wrote (the last few lines):

.....We NEED gold to remain a FREE MARKET so that (1) we do not have to pay the Investment Bankers in gold to our own poverty, and (2) the decision to believe the government or not remains a personal choice. The Investment Bankers would LOVE a gold standard. There would be no government confiscation of gold. The Investment Bankers would end up with it all. As I have written before, two people are on top of the Sears Tower in Chicago. A gust of wind blows both off the top; one a pessimist and the other an optimist. The pessimist immediately starts to pray realizing he is about to die. The optimist, as in this case, merely says as he is passing the 4th floor – Well so far so good! The two weeks ahead seem to be that of July 17th and August 28th. It does not appear that this is the dawn of the New Frontier in gold just yet. We are getting close. As always, the period after Labor Day September 5th, looks like it will not be as calm as the first part of this year. We indeed live in interesting times and now that the ECM turned on June 13th, this is a whole new ball game.

[Aussie]

Gold just blew through £1,000 and €1,150 and is a whisker short of $1,640, the DOW is going to tank this morning and I have not heard any mention of these big numbers on CNBC. Surprise - surprise . . .

Looks like JS's mythical $1,650 is going to happen this week.

[Aussie]

There she blows with $1,650 in view for the very first time - I'm lovin' it . . .



What a difference a year makes . . .

[Aussie]

OK. Time to sell . . .

I just heard Cramer say "I am a gold bug and proud of it . . ."

[anywoundedduck]

What Cramer says or does is of no matter in the scheme of things concerning precious metals.

When he said that he is a goldbug, it was more of the dog wagging the tail rather than vice/versa. Cramer had no choice but jump on the bandwagon. Afterall, precious metals has been making a bafoon out of this clown for years. He will eventually, as is his pattern, make an announcement that he is no longer a goldbug and recommend to his loyal idiot followers to sell. This will be the equivalent of a gnat biting an elephant on the ass. Bozo the clown would have been proud.

Not to change the subject but WOW! It sure is getting bloody in the Gold Pits this afternoon! What a fight!

[Irons]

What Cramer says or does is of no matter in the scheme of things concerning precious metals.

When he said that he is a goldbug, it was more of the dog wagging the tail rather than vice/versa. Cramer had no choice but jump on the bandwagon. Afterall, precious metals has been making a bafoon out of this clown for years. He will eventually, as is his pattern, make an announcement that he is no longer a goldbug and recommend to his loyal idiot followers to sell. This will be the equivalent of a gnat biting an elephant on the ass. Bozo the clown would have been proud.

Not to change the subject but WOW! It sure is getting bloody in the Gold Pits this afternoon! What a fight!

Well put you goofy Duck, TY button gone so~~

[Aussie]

What a glorious sight to wake up and see $1,660 this morning! Simply amazing. This has got to be good for technical charts and the HUI . . .

[prophet]

What Cramer says or does is of no matter in the scheme of things concerning precious metals.

When he said that he is a goldbug, it was more of the dog wagging the tail rather than vice/versa. Cramer had no choice but jump on the bandwagon. Afterall, precious metals has been making a bafoon out of this clown for years. He will eventually, as is his pattern, make an announcement that he is no longer a goldbug and recommend to his loyal idiot followers to sell. This will be the equivalent of a gnat biting an elephant on the ass. Bozo the clown would have been proud.

Not to change the subject but WOW! It sure is getting bloody in the Gold Pits this afternoon! What a fight!

Even my cat has become a Gold BUG!

[southfork]

Even my cat has become a Gold BUG!

Dam dog keeps scratching on the concrete in the garage where the gold is buried, do you think he suspects something?

[Aussie]

Anyone know what's going on over at Le Metropole Cafe . . ? The site hasn't been updated since July 29th. It's unlike Bill Murphy to be quiet when the metals are moving this much . . .

[AgAuGal]

Anyone know what's going on over at Le Metropole Cafe . . ? The site hasn't been updated since July 29th. It's unlike Bill Murphy to be quiet when the metals are moving this much . . .

I think most of them are on their way or already in London for the GATA show this weekend. Dont know for sure if that is why.

[<===Foolsgold]

I can't help but be thankful to Axstone.

I wish Ivanovich would show up so I could piss on him.

[LToro]

I can't help but be thankful to Axstone.

I wish Ivanovich would show up so I could piss on him.

LMAO!!

[Resande]

Yes, exactly what LToro said: Ax is Hot !

Yo Ho, etc.

[kiwi_envoy]

Finally made it to the magic JS number, well done to all that have held through to this point.

This PM stuff is certainly a batism of fire...for me anyways

[axstone]

$ 1,650 TOO EASY

[Strawboss]

Wazzup stranger... long time no see... where ya been hidin'?

$ 1,650 TOO EASY

[grooveboi]

Thought you'd show your face around this number... Good to see you on your own thread again, Ax.

$ 1,650 TOO EASY

[krugger3]

Ax, good to hear from ya. Hope all is well. And many thanks for everything. I would love to see the Ivanobitch sandbox bit if anyone has it.

[fat panther]

Thanks for showing up so we can all thank you!!!!!

By the way, Jim, who are you?

[axstone]

1650 accomplished but now where.. I suggested 4000 top in Canadian dollars

My next target in US dollars is 2090 possibly.. convert that to 1.10 on the dollar



http://www.wave2capital.com/goldpric...e_obj_2090.jpg

[dacrunch]

Hey! Lookie who showed up! Hiya Ax!



PS - My targets $65,000 gold & $4,300 silver... one day! haha...

[Aussie]

It's gonna be interesting today to see if the HUI gets excited over a $50-$60 gold move and whether the mining stocks are simply just "stocks" or are they "Gold Stocks" . . .

I say it's put up or shut up time for the HUI. I haven't seen this big a divergence in a longtime. If gold stays strong and they go down in flames with the market, I may just liquidate my account and head to the bullion shop and be done with it . . .


PS> I don't wanna hear about it Oldmansmith . . .

[Bullion only]

You guys remember a few years ago when gold was like $600 or maybe less and we had all those
axstone rocket ships then one day on April 1st he posted that he sold all his positions both physical and miners?
I still remember that as one of the best April fools jokes.
Just wanted to reminisce and say thanks.
RT

[Elvis]

Axe:

I'd like to thank you for your sage advice years ago that has me sleeping like a baby while much of the financial world is in turmoil. When I stumbled upon the previous GIM, little did I know that this board would lead to your forecasts that gave me the confidence to what made sense. You, FACT and others (SAGI, if I kept going, it would be a rambling post) have made me wiser and wealthier.

I can't imagine what I would be doing if I was sitting with all my savings invested in paper, but it probably would involve a bridge.

1725? !!!!

[severeuke]

It's gonna be interesting today to see if the HUI gets excited over a $50-$60 gold move and whether the mining stocks are simply just "stocks" or are they "Gold Stocks" . . .

I say it's put up or shut up time for the HUI. I haven't seen this big a divergence in a longtime. If gold stays strong and they go down in flames with the market, I may just liquidate my account and head to the bullion shop and be done with it . . .


PS> I don't wanna hear about it Oldmansmith . . .

IMO:
HUI will decouple this week and move sharply higher. Bullion rocketing higher + Energy prices lower = Mining Companies Flush With $$$$$$$$$

JS mentioned that the hedge funds that are short the miners are quietly heading for the exits.

[MAGNUM P.M.'s twin bro]

1764.........................

[fat panther]

Sinclairs numbers may have been just a tad late, but what a RUSH now that we're here! I really underestimated 1650. GATA love those angels with magnets!

[MAGNUM P.M.'s twin bro]

I gata wonder where all the posting painbodies are these days, FP. Uncle Jim just didn't nail 1764, he nailed it to a cross and poked it with a sharp stick.

[fat panther]

I gata wonder where all the posting painbodies are these days, FP. Uncle Jim just didn't nail 1764, he nailed it to a cross and poked it with a sharp stick.

Good to see you here, Mag

[MAGNUM P.M.'s twin bro]

[Aussie]

FWIW, the HUI is sitting at the same level it was when gold was $400 cheaper than it is now. It is due some MAJOR catchup IMO. This fall season could see significant gains . . . I'm hoping anyway.

[Aussie]

This pretty much sums up the current state of play quite well . . . .


To all; what can The Fed possibly say today? And what if the markets start unravelling again later today or this week? They really have no ammunition left and can only announce another round of QE but the sheeple investors only need look out their windows or at their portfolios and know that QE1 and 2 have done nothing and were complete abject failures. We stand directly in front of the biggest unravelling and financial panic in ALL of history, bar none!

The Fed has done anything and everything they could have possibly dreamed up over the last 3 years as the Federal government put the pedal through the floorboards with fiscal stimulus. Both The Fed and Treasury have completely ruined their balance sheets in the process. The Fed now has more than $1 Trillion of basically worthless assets that they took onto their books in 2008 and '09 to save the banks. And God only knows how much more as the recent $16 Trillion epiphany of secret loans revealed. The Treasury has finally hit the wall and Washington and Wall St. now know that "credit available" is not unlimited. My point is this, I have said all along that the entire system and nearly all of its' parts are a PONZI SCHEME and the system to survive continually needs more money and more credit. Both money and credit are (amounts and quality) are being called into question and thus the Ponzi is collapsing on itself which all have before and all will in the future. Ponzi schemes by definition all end in comple failure.

Gold ran to $1,780 overnight (has since backed off) and the stock markets are firm this morning on some short covering and "bargain" (bargain my ass) hunting. What happens immediately after the Fed announcement and the remainder of the week will be very telling. If The Fed does not talk QE3 the stock markets could unravel completely by this Friday. Please remember that everything is now computerized and literally $ Trillions can attempt to exit a window all at once with no buyers to be found. On the other hand, The Fed may offer another round of QE which will spook our foreign creditors and the Dollar and Treasury markets will implode. If markets react negatively, Gold will be seen by more and more as THE global safe haven.

You must understand that EVERYTHING and all kitchen sinks will be thrown at the markets this afternoon and this week. "They" absolutely know that they cannot allow in any way shape or form, even the appearance of weakness. "They" cannot allow ANY momentum to the downside here and now or ALL will be lost. When I say "all" I mean THE ENTIRE SYSTEM as we know it. Any downside momentum will overwhelm the remaining small firearms left to the Fed and Treasury, monetary canons and Treasury bazookas have already been fired. "The system" has gotten far too large for them to control anymore. "It" (the system) has gotten far too large by necessity as all Ponzi schemes must grow or die, period. In order to get to where we are now "they" had to "feed" the system, the only problem is that when you continue to feed the system it gets larger and larger and requires more and more food (credit). We are now at a point in time where the "food" requirement is larger than the sovereigns are able to provide. The "system" is now larger than any and all sovereign governments combined.

We will probably witness some very crazy financial happenings with just as crazy policy response. Remember, desperate people do desperate things and these are surely desperate times. This is not about whether the markets go up or down anymore, this is about the continuation of or discontinuation of the system as we know it. Bank stocks and Gold are telling you this if you are listening. Please remember that Bear Stearns was a " AAA" credit one Friday and did not exist 10 days later when the markets opened on Monday. Lehman Bros., same story only worse because they were " allowed" to fail. With the amounts of volatility over the last 2 weeks I can guarantee you that there are "walking dead" among us. By this I mean INSOLVENT. These "insolvents" are part of the derivatives daisy chain which invalidates, bankrupts, and makes $1Quadrillion+ worth of paper assets worse than suspect.

This $1 Quadrillion (only $600+ Trillion after governmental massaging/lying) is a huge black hole of NO VALUE. Just who the hell is going to pay $ Trillions upon a default? Who has the money? The short answer is NO ONE including the U.S. government or any other government on the planet. Yes, yes The Fed can create it as the lender of last resort but this doesn't "fix" the insolvent party. So the "winner" of the trade gets paid, the loser borrows and goes bankrupt and The Fed or Treasury gets stuck holding the bill. This was a "2008-09 synopsis" but we are again back to the very same place financially. Only this time with a seriously hobbled (read bankrupt) Treasury and central bank AND a system that has had 3 years to create MORE and MORE derivatives. Short and sweet, same exact problems only bigger and now no ability to do the same things again financially nor politically. So we sit and wait to hear The Fed spew babble which very well may spark further selling of paper assets and purchases of seriously finite Gold supplies. This is the exact "endgame" as predicted by the Austrian school of economics.

The "Austrians" have had this pegged all along. Yes of course they were laughed at early in the 2000's as they could not prove their theories that were "hidden" with Friedmanlike manipulations and Keynseian sleight of hand but they were, in the end exactly correct. The Austrians were correct then and are correct now, I do not even know why there is an "Austrian school" of economics, it should just be called the good old common sense that it is! Gold bugs and Austrians were called every name in the book and none of them good, all I can say is that The United States of America nor the rest of world would be facing today's moments had "the school of common sense" been attended, taught, followed and actually used. Maybe next time? It won't be too long now I assure you.

Regards, Bill H.

[ZurichBob]

I gata wonder where all the posting painbodies are these days, FP. Uncle Jim just didn't nail 1764, he nailed it to a cross and poked it with a sharp stick.

But did he not say that when 1764 was traded the price would go parabolic?

[Dizzy47]

someone put that french curve on this beauty and then we'll see that it is sitting on a powder keg

[MAGNUM P.M.'s twin bro]

But did he not say that when 1764 was traded the price would go parabolic?

He said 1764 would be very very heavily defended, it's a major line in the sand from a mathematical perspective.

Roughly speaking, if you accept the idea that the gold price is a ratio of the global M3 money supply, a substantial breach of this level would signify a global balance sheet out of control, the exponential function of which would then produce parabolic moves in gold...

The exponential function y = ex like what Dizzy said about the french curve above http://en.wikipedia.org/wiki/Exponential_function

Warning: while the trend may be parabolic, the volatility will also be subject to the same extreme mathematical forces so the price will likely move like a Japanese seismograph even within the overall trend. Your performance in this environment will reflect the diligence of your PM and currency studies since 9/11/01. Best of luck to all my friends.

[MAGNUM P.M.'s twin bro]

Good Lord, I was just looking at the chart Dizzy just posted and noticing how the "rhino horns" always get beaten back and finding some comfort in thinking that this one will too. And then I thought one day they won't be....then I checked the spot price and saw that 1849 was coming into view! It's getting a bit scary.