Topic: Gold collapsing. Bitcoin UP. - page 1277. (Read 2032274 times)
I bit the bullet and bought some silver a few weeks ago. I didnt really want to but it broke the downtrend and I didnt own any silver so I went ahead and bought. I am hoping for a chance to buy more at lower prices.
gold/silver futures lurching lower...
Yeah but silver is still over key support at 18.
Next time we test it will we go under of not is the only realy question i have right now.
Yeah but don't forget; the further it goes below 18 the richer you'll become.
Only if im smart enough to load up at a good level.
I will be looking for near 12 for the first big buy.
my target is 16
gold/silver futures lurching lower...
Yeah but silver is still over key support at 18.
Next time we test it will we go under of not is the only realy question i have right now.
Yeah but don't forget; the further it goes below 18 the richer you'll become.
gold/silver futures lurching lower...
thank you, sir.
Where we at zerg?
what price should I use?
EDIT: here is both:
BITSTAMP:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 126.96. Gold is 1330.00. Nasdaq is 3723.00
Bitcoin: 2251.11%
Gold: -21.30%
Nasdaq: 21.87%
Gold Diff: 2888% advantage Bitcoin
Nasdaq Diff: 1829% advantage Bitcoin
GOX:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 140.57. Gold is 1330.00. Nasdaq is 3723.00
Bitcoin: 2503.15%
Gold: -21.30%
Nasdaq: 21.87%
Gold Diff: 3208% advantage Bitcoin
Nasdaq Diff: 2036% advantage Bitcoin
Where we at zerg?
Its funny how JPM is now long PM's leading up to Syrian crisis, how convenient! This is why I'll never go back to trading Forex or Stocks, seriously regulated by manipulating bastards. I hope more people would see this as then JPM wouldn't have anyone to leech off of.
honestly i think it is more to do with currency fail in places like India and Brazil. that is a train wreck waiting to happen.
... and yet they have an unbelievable ability to be on the right side of massive geo-political trades every time ... almost like they are pulling the strings of the known puppets, which they undoubtedly have the phone numbers and leverage over ... don't ya think?
Its funny how JPM is now long PM's leading up to Syrian crisis, how convenient! This is why I'll never go back to trading Forex or Stocks, seriously regulated by manipulating bastards. I hope more people would see this as then JPM wouldn't have anyone to leech off of.
A complete separation of paper and physical precious metal prices doesn't seem to be in the cards this time around. The probability has declined to a negligible level, although the distortions remain significant.
Regardless, physical metal is not going to collapse short of apocalypse, and all the trading profits generated in the system are at extreme risk. I'd rather be out a year early than a second too late.
I'm more concerned about the tepid movements in Bitcoin of late. There's a lot of potential for large-scale (for Bitcoin) accumulation occurring off-exchange.
Some things are still fairly predictable. The 100-200mm difficulty mark is fast approaching and will be a line in the sand for first gen ASIC profitability. Price will have to give way to the upside before year end, though not necessarily in a violent manner.
Without compromise of ECC, breaking $1k within a year is the target.
Regardless, physical metal is not going to collapse short of apocalypse, and all the trading profits generated in the system are at extreme risk. I'd rather be out a year early than a second too late.
I'm more concerned about the tepid movements in Bitcoin of late. There's a lot of potential for large-scale (for Bitcoin) accumulation occurring off-exchange.
Some things are still fairly predictable. The 100-200mm difficulty mark is fast approaching and will be a line in the sand for first gen ASIC profitability. Price will have to give way to the upside before year end, though not necessarily in a violent manner.
Without compromise of ECC, breaking $1k within a year is the target.
Silver is a smaller market thus moves more in direction of macro fundi driving pm's. Gold is backed by cb's so thats what the big boys use plus more liquidity to fill positions once they eat up some sls from retailers.
Ag is a smaller market than Au due to the current pricing, but this is not always true. There is about 9x as much silver as gold. Gold/silver current price is a historically aberrational 59/1 though recent history (last 10 years or so) this is about average.
Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
Not me. Full-force deflation implies a lot of other extreme financial grief, and the official monetary systems are already on thin ice which would likely crack early in the game.
I was more interested in silver to mitigate against genuine calamities due to operational consideration. Only when I got that check-box ticked off did my interest shift more to gold.
A slight elevation in the interest and awareness in silver could have tidal-wave effects in the valuations due to supply side differences in the material. Gold also, but to a lesser extent, and again, it's likely that many Joe Sixpack types would go for silver first for the same types of operational issues that I noted.
That's my call. I could be wrong...I often am.
You aren't wrong. When they move, silver tends to move more than gold. Silver is bought by many, gold by few, but both are great forms of asset based cash.
Silver is a smaller market thus moves more in direction of macro fundi driving pm's. Gold is backed by cb's so thats what the big boys use plus more liquidity to fill positions once they eat up some sls from retailers.
Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
Not me. Full-force deflation implies a lot of other extreme financial grief, and the official monetary systems are already on thin ice which would likely crack early in the game.
I was more interested in silver to mitigate against genuine calamities due to operational consideration. Only when I got that check-box ticked off did my interest shift more to gold.
A slight elevation in the interest and awareness in silver could have tidal-wave effects in the valuations due to supply side differences in the material. Gold also, but to a lesser extent, and again, it's likely that many Joe Sixpack types would go for silver first for the same types of operational issues that I noted.
That's my call. I could be wrong...I often am.
You aren't wrong. When they move, silver tends to move more than gold. Silver is bought by many, gold by few, but both are great forms of asset based cash.
Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
Gold is being fled into now, as is silver. The distinction is where.
If the world were homogenous, the assessment holds. It is not, so physical precious metals will not behave as expected from a western perspective; only the contractual paper representations will.
The west will follow, not lead.
Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
Not me. Full-force deflation implies a lot of other extreme financial grief, and the official monetary systems are already on thin ice which would likely crack early in the game.
I was more interested in silver to mitigate against genuine calamities due to operational consideration. Only when I got that check-box ticked off did my interest shift more to gold.
A slight elevation in the interest and awareness in silver could have tidal-wave effects in the valuations due to supply side differences in the material. Gold also, but to a lesser extent, and again, it's likely that many Joe Sixpack types would go for silver first for the same types of operational issues that I noted.
That's my call. I could be wrong...I often am.
What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault
the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time
How far down is your best guess?
Between 1000-800. My lowest estimate is 600.
With $600 gold how do you get $4 silver? ratio would be 150 eh?
Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force
I think, for future, the mathematical will be primary for major things as mathematical is not easy to breach while the ore mining is very simple, It is shame that some people mine gold illegally. I have to apologize.
The BTC may raise up to, i think bankers are waiting for it so the mtgox need to be under high pressure for little more while.
The BTC may raise up to, i think bankers are waiting for it so the mtgox need to be under high pressure for little more while.
With $600 gold how do you get $4 silver? ratio would be 150 eh?
$4 silver would take a strong dollar bullish shift.
What would that take? 1) balancing the US budget 2) Repaying US national debt 3) Adding real assets to the US reserve
That might get us there. Sure it could happen, but is it likely? If you had those 3, you could probably do free healthcare for the planet rather than just USA, but this seems like a fairy tale, yes?
I could see 600 gold and 30 silver though.
It is looking less likely that you will see 600 gold before 1600 gold.
JP Morgan has reversed.
http://www.tfmetalsreport.com/blog/4968/big-fat-zero-public
Unless you think they are loading up so that they can sell it again in another round of manipulation where they lose billions to drop the price. I suppose anything is possible for the Reserve Banks.
But in the mean time, the rest of the world is also scooping up the yellow stuff.
JP Morgan has reversed.
http://www.tfmetalsreport.com/blog/4968/big-fat-zero-public
Unless you think they are loading up so that they can sell it again in another round of manipulation where they lose billions to drop the price. I suppose anything is possible for the Reserve Banks.
But in the mean time, the rest of the world is also scooping up the yellow stuff.
Eventually the empire will collapse, who can they pay to enforce their rule when the stuff they pay with is worthless? No gold = no power.
Seven stages of empire:
http://youtu.be/EdSq5H7awi8
Seven stages of empire:
http://youtu.be/EdSq5H7awi8
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