Gold collapsing. Bitcoin UP. - page 1340.

thefiniteidea

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Quote from: molecular on March 01, 2013, 10:39:56 AM

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Have him get into Bitcoins. He will thank you in a few years.

Otherwise, SBND is a safe bet.

I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere.

molecular

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anyone care to offer an opinion on Apple? My brother is thinking about getting in.

molecular

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Quote from: cypherdoc on March 01, 2013, 07:29:22 AM

Gold down. Bitcoin UP.

News at 11.

cypherdoc

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Gold down. Bitcoin UP.

usagi

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13

Quote from: Spaceman_Spiff on February 28, 2013, 10:14:26 PM

Uncanny resemblance. The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)

Yup. This is where elliot wave theory gets it's credibility from

Spaceman_Spiff

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Quote from: paraipan on February 28, 2013, 07:04:18 PM

Quote from: cypherdoc on February 28, 2013, 03:04:22 PM

10 yr daily chart

Hmm, that chart reminds me of this one...

Uncanny resemblance. The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)

miscreanity

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Quote from: Melbustus on February 28, 2013, 02:37:28 PM

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

Almost - no shorting. Even if solid paper profits are realized with a spread trade like that, there's a strong possibility that those funds may become confiscated, debased, or frozen. All fiat-denominated assets are considered losses until converted into Au/Ag/BTC or productive items (real estate in growing regions, construction machinery, etc).

adamstgBit

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looks like prime time to buy!

paraipan

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Quote from: cypherdoc on February 28, 2013, 03:04:22 PM

10 yr daily chart

Hmm, that chart reminds me of this one...

tvbcof

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Quote from: mccorvic on February 28, 2013, 02:15:32 PM

Quote from: tvbcof on February 27, 2013, 09:49:13 PM

Seriously, I am going to get real about converting about $10k of BTC into cash, gold (1oz rounds) , or junk silver if/when we get into the $50-$60 range.

I too prefer to trade out my assets that are increasing in value and will continue to do so for assets that are rapidly decreasing in value.

Wait, no I don't. That'd be stupid.

It was jaw-droppingly stupid to be buying BTC with both hands between 6-2011 and 11-2011 as well. Everyone said so. Except ~cyperdoc. I'll just continue in my stupid ways I guess.

Actually there is a pretty fair chance that this trade would be a bad one for me (and thus a good one for a counter party.) My goal is not necessarily to maximize my profit here. More-so it will be to psychologically prepare myself even better to 'ride this pig' wherever it takes me having little or no net investment.

cypherdoc

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10 yr daily chart

cypherdoc

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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin: +539%

Gold: -7%

silverbox in big trouble. plumbing new lows.

GPL: -41% silverbox long

Diff: +546% advantage Bitcoin and growing

Melbustus

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Quote from: miscreanity on February 28, 2013, 02:22:27 PM

Quote from: molecular on February 28, 2013, 02:02:40 PM

Quote from: miscreanity on February 28, 2013, 01:59:08 PM

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.

What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

The link between paper & physical has been tenuous for a while, but with non-stop demand the connection is only hanging on by a thread. Approach to separation is a gradually increasing process; it's the final, complete dissociation that's abrupt. Think of holding a magnifying glass over a leaf on a sunny day - the leaf slowly heats up until ignition finally occurs.

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

miscreanity

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Quote from: molecular on February 28, 2013, 02:02:40 PM

Quote from: miscreanity on February 28, 2013, 01:59:08 PM

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.

What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

The link between paper & physical has been tenuous for a while, but with non-stop demand the connection is only hanging on by a thread. Approach to separation is a gradually increasing process; it's the final, complete dissociation that's abrupt. Think of holding a magnifying glass over a leaf on a sunny day - the leaf slowly heats up until ignition finally occurs.

mccorvic

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Quote from: tvbcof on February 27, 2013, 09:49:13 PM

Seriously, I am going to get real about converting about $10k of BTC into cash, gold (1oz rounds) , or junk silver if/when we get into the $50-$60 range.

I too prefer to trade out my assets that are increasing in value and will continue to do so for assets that are rapidly decreasing in value.

Wait, no I don't. That'd be stupid.

molecular

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Quote from: miscreanity on February 28, 2013, 01:59:08 PM

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.

What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

miscreanity

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Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.

Bitcoin still seems to be acting like the canary. Or maybe more like a peregrine falcon.

cypherdoc

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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin: +525%

Gold: -6%

silverbox in big trouble. plumbing new lows

GPL: -36% silverbox long

Diff: +531% advantage Bitcoin and growing

cypherdoc

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Gold down. Bitcoin Up.

cypherdoc

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Quote from: tvbcof on February 27, 2013, 09:49:13 PM

Quote from: cypherdoc on February 27, 2013, 09:31:48 PM

him and all his gold/silver bug supporters who've been trolling me since the first Gold Thread from Aug 2011.

What am I? Chopped liver?

lol!

no, you were one of the "good" trolls. Wink

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