Gold down 4% this month, Bitcoin down 10%. Way to go cypher. You're getting desperate .. and I love it 
Zerg, would you please post an update?
Topic: Gold collapsing. Bitcoin UP. - page 1058. (Read 2032274 times)
Zerg, would you please post an update?
Gold down 4% this month, Bitcoin down 10%. Way to go cypher. You're getting desperate .. and I love it
With the coin I have left I could have bought another commercial building outright if coin was @ 650. My only regret is not dumping this garbage when I had a chance.
With the coin I have left I could have bought another commercial building outright if coin was @ 650. My only regret is not dumping this garbage when I had a chance.
cypherdoc I have to say your enthusiasm is so contagious that I find myself rooting for the drops in Gold even though it's a decent chunk of my portfolio 
Gold, oh noes.
ProTip: when traderCJ speaks, short gold, buy Bitcoin:
ProTip: when traderCJ speaks, short gold, buy Bitcoin:
a spike up in the CDS graph means trouble:
Massive reversal candle! nice timing traderCJ!
RunToBitcoin!
RunToBitcoin!
This is also interesting.. Argentina is bad enough.. but we all saw that one coming.. i haven't heard much about Vietnam (that said, i don't follow Asian markets)
http://www.bloomberg.com/news/2014-07-30/bitcoin-turns-digital-gold-as-faith-in-vietnam-dong-ebbs.html
http://www.bloomberg.com/news/2014-07-30/bitcoin-turns-digital-gold-as-faith-in-vietnam-dong-ebbs.html
stock bulls, don't underestimate this Argentina default event. the 2008 crisis got going b/c of subprime debt defaults. i believe the Keynesians hold the sanctity of debt repayments above all else. afterall, they think of money as debt, period. if that sanctity is broken, as with Argentina, that means trouble for them. this is the reason for the monetary debasement carried out by the Fed; to prevent a debt contraction.
and just as debt has pumped up stocks and bonds, it has pumped up pm's and it's derivatives. a debt contagion will directly implode pm's as well.
stock bulls, don't underestimate this Argentina default event. the 2008 crisis got going b/c of subprime debt defaults. i believe the Keynesians hold the sanctity of debt repayments above all else. afterall, they think of money as debt, period. if that sanctity is broken, as with Argentina, that means trouble for them. this is the reason for the monetary debasement carried out by the Fed; to prevent a debt contraction.
oh yes, the reversal candle just growing bigger:
poor traderCJ. like i said, there's a reason for the little "t".
gold making a break for it; to the DOWNSIDE:
gold making a break for it; to the DOWNSIDE:
Stocks, gold, bonds collapsing. Bitcoin rallying-->RuntoBitcoin!
Russell's been telegraphing:
very interestingly enough, UST's dropping. what would you expect after a 35 yr bull run? this will be HUGE if it continues:
also very interesting is that the $DXY is attempting to BO. if it continues, gold is toast for sure. i have my doubts whether it will continue. if it reverses down, then gold has a chance; either way, Bitcoin wins:
remember that little yellow trend line i drew a ways back. well, it's holding and the VIX is looking to spike big:
the fact that oil continues to drop is a sign of perhaps pending deflation; also not good for gold:
nice big reversal candle for Bitcoin. i LIKE the directions all these charts are heading in:
Russell's been telegraphing:
very interestingly enough, UST's dropping. what would you expect after a 35 yr bull run? this will be HUGE if it continues:
also very interesting is that the $DXY is attempting to BO. if it continues, gold is toast for sure. i have my doubts whether it will continue. if it reverses down, then gold has a chance; either way, Bitcoin wins:
remember that little yellow trend line i drew a ways back. well, it's holding and the VIX is looking to spike big:
the fact that oil continues to drop is a sign of perhaps pending deflation; also not good for gold:
nice big reversal candle for Bitcoin. i LIKE the directions all these charts are heading in:
560 and dropping, ouch .. even with the Wikimedia announcement.
Gold collapsing. Bitcoin bottoming.
Ouch!
gold preparing to plunge:
so ghash.io got diluted because of no new miners being plugged in on their side? meaning competition is ramping up. AM seems to be in ambush there too.
just when you thought it was slowing down:
ghash down to 27%
560 and dropping, ouch .. even with the Wikimedia announcement.
“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984"
http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/
The graph should obviously be logarithmic in order to be able to assert that the top 0.1% has increased their earnings more than the rest. Maybe the rest also multiplied by 6 but you wouldn't notice.http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/
What's more, cumulative inflation since 1970 is... x6.5 (http://inflationdata.com/Inflation/Inflation_Calculators/Cumulative_Inflation_Calculator.aspx)
What I find most funny about that chart is the case it makes for the inflationary 70's ability to prevent the rich from getting richer as opposed to the disinflationary, neoliberal 35 years since then.
The new computer systems can be tricky
http://www.bloomberg.com/news/2014-07-25/biggest-africa-refinery-has-113-million-less-gold-than-in-books.html
http://www.bloomberg.com/news/2014-07-25/biggest-africa-refinery-has-113-million-less-gold-than-in-books.html
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