Topic: Gold collapsing. Bitcoin UP. - page 1273. (Read 2032274 times)

A timestamp is worthless.  It only records the system time, which can be off by several minutes either intentionally or unintentionally.  I don't think you need to be looking for an early public release when there were dozens of people who knew early that are highly connected to both Washington and Wall Street.

I'm with you on this.  It looks dirty.  But its a goose chase.  Even with a time stamp, calling foul on early trades without either evidence of communication or a confession doesn't get us anywhere.  The reason for the trade is not going to be in evidence.  It is one thing to believe it, yet another to prove it forensically.

The trader could have decided to sell dollars against stocks and gold because Bernanke walked at 40 paces a minute instead of 45 and decided that was because he was reluctant to be seen as wavering.  There are fed-watching analysts that really do monitor such minutia and base trading decisions on it, and even if they don't, it gives them "plausible deniability".  (Or his briefcase looked heavier, or his shoes weren't recently polished.)

Martha Stewart went to jail for it because she doesn't have the criminal mind that your professional inside trader has cultivated.  They are going to have a bunch of other "reasons for trade" and less of an identifiable communication nexus.

I assume this to be true, yet I still have not found actual data to support it.  A time stamp would be great.

The internal dynamics are having a large effect as well. We've entered the 100-200mm difficulty range; things are going to get very interesting from here on out.

Line 1: Venezuela asks London for its gold back (repatriation of 99 tons).
Line 2: Germany asks New York and Paris for its gold back (repatriation of 674 tons).

Normal trading activity would generally cause prices to rise following these events as leased gold would be called back for delivery, but these countries are told to sit on their thumbs for years instead.

Then there is this:



Which looks like a steep drop in physical inventory, yes?

But wait...Lets step back a bit for some perspective...



So it is not just a drop, it is a precipitous drop, unprecedented (it only rose until Germany's demand, then only fell).

But... lets step back just a bit more and add the ETFs into the picture.  The ETFs are the general price setting metric as they are more liquid.  But they are really just paper, and unless you are a bullion bank, it might as well be just fiat, and well, a picture speaks volumes.



There you have the price falling, but massive redemption of the paper for the physical.  Intuitively redemption SHOULD cause the price to rise as the underlying asset becomes bought and also depleted through redemption.  It is becoming increasingly scarce.  So unless something weird is happening...

Consider that maybe the price is being driven down so that the redemption can be more affordable?  The central banks have it within their charter to manipulate currencies.  Gold (and bitcoin) fall into that category.  They can legally manipulate the price and not suffer the teeth of the CFTC.
I'm no conspiracy buff, but this seems consistent with the evidence at hand.

So tell me... am I crazy to be redeeming bitcoin for physical gold and silver?  Is it crazy to sell the oldest form of money for the digital/virtual/ephemeral at a time when the world is scrambling for the physical?  Maybe I am, but I am having fun doing it, and I like inflation-proof asset diversity.  More than anything, the opportunity to craft the best of its kind Bitcoin Specie has me giddy.  It is the most significant contribution I can make to the community at this time as a designer of numismatic physical money, to back the worlds best virtual currency with the worlds most durable asset.  Others may also do this, so the challenge of setting a higher standard, is exhilarating.

The production minting is starting TODAY (yay, at last), first with the Quarter Bitcoin one troy ounce silver, and soon also in gold, and I am very excited.  My team and I have been working on this for quite a while, and we are pretty happy with the result and hopeful that others will be also.  Sorry if this feels like advertising to you, it is personally exciting and so hard for me to avoid talking about it... but I will stop now.

Pretty basic stuff, I was going to lmgtfy, but I'll be nice and give you a direct link:
http://www.federalreserve.gov/newsevents/default.htm

When the Fed announces a 2pm release, they don't publicly release early.

LOL'd at the above,
as chodpaba put it yesterday somewhere in cyberspace, [Bitcoin] "honey badgers unaffected."

Nods, as clearly evidenced by the market movement in everything except bitcoin.

Wow, there were people that did not expect this? :|

Probably already priced into bitcoin... given the outlook of most bitcoiners.

you know there's a problem simply by the fact that ALL asset classes moved inversely to the USD. 

after the announcement, USD down, everything else up.  everything.  everything except Bitcoin interesting enough. 

Bitcoin users not affected?

absolutely ridiculous and indicates that this world of ours is responding economically only to Fed pumping.

Folks used to trade the Fed expectation based on what Greenspan had for breakfast and the heft of his briefcase.
http://money.cnn.com/1999/06/29/economy/fed_briefcase/

quite insightful and interesting video (also) about bitcoin and gold: Karen Hudes (formerly world bank): we need to get new currency like BTC ready

I would assume that the announcement first appeared on the FED's own website at 2pm EST: http://www.federalreserve.gov/newsevents/press/monetary/20130918a.htm

Thats how High Frequency Trading works, trading companies pay Reuters a few thousand dollars to get news 3 seconds earlier than normal customers.

LOL bots scanned some sort of invisible news to cause prepumps? Either way those people are responsible for the news feeds that were sitting there, so in effect they are the first in line before any trade happens or should happen. Instead the pre pumps were clear that someone already knew

Bots scan news feeds and public data of all types and use algorithmic trading faster than any human can read.

Regardless of decision the manipulators like JPM already knew the decision. The people sitting there listening to the meeting were sent probably by blogs/corporations who paid for them to be there.

The direction is never found by reading the headlines but by reading the psychology behind the headlines. Whereever more pain is thats the direction it will go, where the stop losses lie, regardless of fundamentals or technicals. When there is money to be made the manipulators will move to take it.

??What??

How are the meeting notes distributed to the public?  I assumed some .gov site would just host them.

Sure the news sites and blogs write up a story after the minutes are released... but I want to know the first moment a trading bot could have gotten the minutes from a public source.

No, I want to know when a website first made the meeting notes available to the public.