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Steve Gholson

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About Steve Gholson

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  1. Happy Birthday Chris, hope you have a beautiful day. Love you, Mom/Dad
  2. Steve Gholson

    H-Bday Chris G

    Chris, Proud of you and the person that you have become!! Wishing you the very best on your birthday! Our love, Mom and Dad
  3. Steve Gholson

    Gold was screaming today!!!

    Gus, This topic of inflation vs. deflation and what really causes either one is an ongoing and hotly debated subject between some of the most decorated experts from all corners of the economics profession! This subject is a very complicated and interesting field that has a long way to go before we have a solid understanding of it. Webster's says, "Inflation is an increase in the volume of money and credit relative to available goods," and "Deflation is a contraction in the volume of money and credit relative to available goods." To really understand inflation and deflation, we have to understand the terms money and credit. For anyone interested in this subject, i would suggest spending some time with these terms (money,credit) to get a better understanding of the inflation vs. deflation subject. As far as printing money goes, the Fed does not inject liquidity; it only offers it. If nobody wants it, the inflation game is over. The determinant of that matter is the market. When bull markets turn to bear, confidence turns to fear, and fearful people do not lend or borrow at the same rates as confident ones. The ultimate drivers of inflation and deflation are human mental states that the Fed cannot manipulate for any real lenght of time! If a bear market has indeed begun in the stock market, nothing will stop the trend toward falling confidence and thus falling asset prices, credit deflation and economic depression. I recently listened to a speaker at the Minelab conference in Vegas that used an example of a "rubics cube" to help us understand complicated issues and how one move in the cube effected other parts of the cube! I think this was a fantastic example of how complicated things work and realized that complicated subjects are not linear and a small change on one face has a major impact on the other faces! Who knows.... some things cannot be understood in simple terms and we just have to deal with the things as we best understand them!! Time will tell on this issue of gold prices, but i think it is not a linear equation and all faces of the complicated cube will be having an impact. For me, i think gold and silver are at or close to extreme levels looking at technical indicators and trader sentiment? Best regards, Steve Gholson
  4. Steve Gholson

    Gold was screaming today!!!

    Reno, In principle, I agree with your evaluation on the markets with a few exceptions. If we consider the move in gold to stop at $1,375 +/- this would represent a 5 wave move up from the $680 low set in October 2008. An A-B-C down correction should follow that could target the .618 fibonacci retracement which would be $946 or the .786 fibonacci retracement which would fall at $830. This A-B-C correction could also target the wave 4 of one lesser degree which would fall at $1,050? As we speak, the dollar index is appx. 78.6 and falling (which i think is close to a bottom).I believe we will get more than a dead cat bounce. I think there is a strong possibility that the index will move beyond the int. high of 88.71 set in June of this year? If you look at gold on any long term scale (daily, weekly, monthly)you will notice a big negative divergence between price and momentum (foot print of the crowd)that should have the bulls a little concerned. Also we are not seeing new high's made in the gold/euro or the gold/ozzie and this sticks out like a sore thumb (because of this US dollar weekness). This might sound a bit silly, but i'm not convinced that gold is what we want to hold if this recession gets worse(which i think will happen). I think the US dollar will be king if we see deflation in the coming years because most debt or the biggest percentage is denominated in US dollars. This means there will be a hugh demand for dollars to retire this debt. I am pretty convinced that we will see deflation before we have to worry about inflation? You seem to be versed in the markets and I look forward to a long conversation with you! Kind regards Steve Gholson
  5. Steve Gholson

    Gold was screaming today!!!

    Reno, We have had this conversation many times over the past year or so and I have to admit that you have been on the winning side of this trade since our first discussion. My feelings at the time was that gold was over priced at $1,030 USD per ounce and we all know what has happened since. Nice call I must say!! As you know, I study Elliott Wave Analysis which is what I use to define the trend in a market be it gold, silver, Dow, etc. I would just like to point out that there are some very strong wave relationships (resistance if you will) that are fast approaching. If gold is not close to a top already, a possible stopping point could be in the area of $1,370-1,386 USD per ounce? These wave ratio's could define where gold will stop and reverse to a low of $680 USD per ounce? I believe the dollar index is approaching a low and due for a massive move up. If this indeed is in the cards, gold will by definition fall. As of today, the daily sentiment indicator (DSI)for gold hit 93% bulls (people who think gold will rise) which from a contrarian stand point is way over crowded by any standard! On the flip side of the coin, the dollar index is at a low of 5% bulls which i think is at critical mass (i feel the dollar is ready to gain alot of strength). At this point, it is all conjecture on my behalf as well as anyone making a prediction but these are my thoughts!? Again, good call Reno and the best to you and your family! Kind regards, Steve Gholson.
  6. Chris, #33 is here today! We want to wish you the HAPPIEST BIRTHDAY ever! We hope this year brings you all your heart desires. We know you already have the greatest treasures in life...your beautiful wife, Alyssa and adorable baby girl, Maddie! Maybe this will be the year you find your biggest nugget ever Have a wonderful day son, you sure do deserve it!!! We love you, Dad & Mom
  7. I just spoke with Kevin at Minelabs and he informed me that there is a possibility of a weak circuit on a few of the GP4500 metal detectors. You should only be concerned if the last four digits of your serial number is less than 1200. Minelab will notify any customer that has purchased one of these detectors and will send them a prepaid shipping label so that they can return it at no charge to the customer. Only return the control box and not the complete detector. Kind regards, Steve Gholson
  8. Steve Gholson

    Coil plots

    I am conducting a hypothetical thought (mind) experiment and need your input. Suppose you are given a GP4000 PI detector with field instructions on how to use this machine so that you are a competent operator when the field instructions are complete. You will be taken to four different gold fields each of which have an area of 10 feet by 10 feet roped off and raked clean of any rocks or debris. The soil conditions will not very in each of these test patches and you will be able to ground balance your machine in each one of them with no problems. The soil conditions will not require a DD coil, the Mono coil will work just fine. Each one of these roped off areas has one nugget in it (somewhere) and the depth of the gold nuggets is 15 inches in each of the test patches. You will be given ample time to detect in each test patch, but you have to decide in advance which coil you will use to give you the best chance of finding the gold. You have the choice of either a 14” RM or a 16”RM coil. We could pick any two different coils you would like for the experiment, but have decided on the 14” and the 16” for this example. The following apply: 1) Your battery will stay fully charged but can’t be changed during the experiment 2) You can’t change the detector 3) You can’t change headphones 4) You can’t change the coil once you make the decision to use the 14” or 16” Before you make your coil selection, I would like you to decide if the following list of things should be considered as variables or not variables in this experiment? Please answer the following questions with a yes or no answer: 1) Detector (is this a variable, yes/no)? 2) Battery 3) Operator experience 4) Headphones 5) Soil conditions 6) Coil choice You might want to review the previous coil plots that have been posted then give me your yes or no answers to questions 1-6 and your coil selection. This experiment might seem simple, but the conclusion we come to will be very important in helping you understand previous coil plots and future data that I will share with you! Regards, Steve Gholson
  9. Steve Gholson

    Coil plots

    The attached plot is once again of the 14”RM and the 16”RM coils. I think the data is starting to show some interesting things when we start to look at field strengths at greater depths. Notice that the crossover point of these two coils is right at 4.2”. From the 4.2” point forward (greater depths) the 16” coil has a stronger magnetic field density. If you continue to follow the plot, you will notice that at about 36” (3 feet) the two fields start to converge on one another. When we hit 48” the fields are almost on top of each other with the 16” coil having a loss of power equal to 99.56% (not shown in the graph) and the 14” coil having a power loss of 99.70%. I am starting to see how hard it is to hit a target at these depths unless the target is of substantial size! The amount of signal strength loss at these depths is incredible! The quick conclusion could be made that at appx. 36” (or less) there seems to be no real advantage of one coil over the other. I think the real advantage of the larger coil is shown from about 6” to about 24” which could be the area where a bigger percentage of the larger gold is found?? Keep in mind that we are comparing these two coils only, and not a 14” vs. maybe a 20” or 25” coil. It should be very interesting to see what’s on the horizon with this data! Enjoy, Steve Gholson.
  10. Steve Gholson

    Finding gold

    JP, I have no interest in hearing what you have to say, and would kindly suggest that you find another place to talk about what's bothering you. This is my final post to you. Steve
  11. Steve Gholson

    Finding gold

    JP You have not shown the 50 oz. piece that I was refering to. The piece that you let Chris and myself hold was not in the pictures as far as I can tell. You know exactly what nugget I am talking about. I'll ask Chris for the photo when he returns.
  12. Steve Gholson

    Finding gold

    Mr. Porter, Since you are in the mood for sharing, maybe you would like to share with the readers of this forum the “special” nugget you found while working with Bruce in Queensland. If you don’t have a picture to post, I will post the one that Chris took along with any details that you might have forgotten. Please take your poison elsewhere. It might be a nice idea for you to spend your time and money creating and running your own forum. Things are easy in life if you have nothing to lose! I will not lower myself and continue this insane conversation!! Steve Gholson
  13. Steve Gholson

    Coil plots

    The attached plot is once again the 14RM and the 16RM coils. The coils are plotted to a greater depth (17.7”) to give you some idea as to the field strength in these areas. The plots are a little non monotonic (blips) at some points only because of the rounding errors when doing the calculations. Once again these are theoretical plots but do indeed match hand measurements within a percent or so. If you study the plots carefully from 0-17.7” you should be able to find the “sweet spots” or areas where one coil has its best results vs. the other coil. This information might come in handy when you consider the conditions where you detect. Enjoy, Steve Gholson
  14. Steve Gholson

    Coil plots

    Little Bill, We will continue to post data on the coils as we move forward with the project. The specific gravity project is something we have been working on for some time. We hope to publish the material in the near future as it explains most of the questions that are not fully understood when making these measurements. Take care, Steve Gholson
  15. Steve Gholson

    Finding gold

    Flak, The tone and intentions of the questions asked by Mr. Porter are out of line and serve no useful purpose. These are not questions you ask to learn something, they are made for other reasons. We are not interested in what Mr. Porter has done with his video, and can’t understand why he is so interested in ours. It is beyond me how we can talk about a product that hasn’t been released or viewed by anyone. Let the video come out; watch it, then make a judgment call. I love these forums when there is useful dialog and absolutely despise them when this type of thing happens. Kind regards, Steve Gholson.
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