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The edges of an itinerant spin-flip particle-hole continuum follow from both excitation energy and occupation constraints. Consider a zero-temperature three-dimensional parabolic-band model with majority states occupied for $|\mathbf{k}|\le k_F$ and an entirely empty minority band. For exchange splitting $2M$ and ${ϵ}_k={\hslash }^2{k}^2/(2m)$, a majority-to-minority flip carrying wavevector $\mathbf{q}$ hasFor $q>0$, the scalar product is bounded by $\pm k_{F}q$, giving continuum edgesThe extremes occur at opposite points of the occupied Fermi surface along $\mathbf{q}$. At $q=0$ the interval collapses to the single exchange energy $2M$.

The empty-minority assumption requires sufficient splitting; otherwise Pauli exclusion principle blocks some final states and the edges must be recomputed over the allowed region. These are independent particle-hole thresholds, not a calculation of the collective ferromagnetic magnon dispersion. A collective mode below the continuum can therefore have a different low-momentum energy scale.

The constant term in the spin sum cancels. Linearizing the saddle point equation givesThe paramagnetic auxiliary-field curvature isConsequently the Stoner criterion for the loss of local paramagnetic stability isThe printed $\nu (0)$ uses energy measured from the Fermi level. For a smooth density of states, $-n_F^{\prime }$ becomes a narrow unit-area peak at $\mu$; a singular density of states or appreciable temperature requires the integral form. The curvature establishes local instability, not the order or location of every possible thermodynamic transition.

With exact spin-rotation symmetry, itinerant ferromagnetism selects a magnetization direction. The two broken transverse generators form one quadratic type-B Goldstone boson, a long-wave ferromagnetic magnon with $E_q\sim D{q}^2$. Longitudinal amplitude motion is not symmetry-protected to be gapless. In a metallic ordered state, particle-hole excitations remain near each surviving exchange-split Fermi surface; these are distinct from the collective magnon. The itinerant spin-flip particle-hole continuum starts at exchange scale $2|M|$ at $q=0$ in this simple mean-field spectrum, while its finite-$q$ boundaries differ. Spin anisotropy, spin-orbit coupling or an external field can gap the transverse mode; none is present in the stated model.