Gold collapsing. Bitcoin UP. - page 1347.

2weiX

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Quote from: Melbustus on February 15, 2013, 04:24:22 PM

(I personally have no idea how to think about gold anymore)...

hahahaha...
my boss asked me "why'd gold dip today?" and the most honest thing I could say ways "I dunno." while thinking "who gives a sh.t?"
you need to know, I'm the gold ETF trader at my firm.

over the last two years I have grown to loathe gold and silver in every non-shiny, non-tangible shape and form.

Melbustus

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Quote from: miscreanity on February 15, 2013, 03:23:09 PM

Quote from: cypherdoc on February 15, 2013, 02:41:14 PM

look. we're at $1600/oz. it could get alot worse.

and just how much delight would Ben and the Wall St banks get from a forced selloff in gold?

Again, where is the supply of real metal coming from? We're still looking at $1600 in paper prices, and we all know that paper can go to zero. You can't tell me a picture of food is worth the food itself.

Gold market report: spike in banks' net short silver position shows a decline in gold shorts, and silver getting unruly. The lid is being held on top of the pressure cooker way longer than is safe.

Either way, Bitcoin is better due to lack of counter-party risk. The $30 mark should easily fall within the next three months - then it's on to $100. I can't wait until a BTC is worth more than XAG

I think the argument would be that paper might be fairly valued somewhere between $0 and $400, say, and that physical should be $400-$1000.

Not saying I necessarily agree or disagree with that analysis (I personally have no idea how to think about gold anymore)... Honestly, most of my lines of thought on gold direct me to bitcoin instead.

miscreanity

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Quote from: cypherdoc on February 15, 2013, 02:41:14 PM

look. we're at $1600/oz. it could get alot worse.

and just how much delight would Ben and the Wall St banks get from a forced selloff in gold?

Again, where is the supply of real metal coming from? We're still looking at $1600 in paper prices, and we all know that paper can go to zero. You can't tell me a picture of food is worth the food itself.

Gold market report: spike in banks' net short silver position shows a decline in gold shorts, and silver getting unruly. The lid is being held on top of the pressure cooker way longer than is safe.

Either way, Bitcoin is better due to lack of counter-party risk. The $30 mark should easily fall within the next three months - then it's on to $100. I can't wait until a BTC is worth more than XAG

cypherdoc

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Quote from: miscreanity on February 15, 2013, 02:14:34 PM

Quote from: cypherdoc on February 15, 2013, 01:51:02 PM

even if you're right about sentiment it doesn't mean it's going to get any better. in fact, it's likely to get much worse.

About the only way it could get worse is if central banks, Chinese, Indians, and Russians were to dump all the physical gold they've accumulated. The exhaustion spike is due, and that's just the paper game unfolding - the tail wagging the dog for just a little bit longer.

Where is the supply of real metal coming from?

look. we're at $1600/oz. it could get alot worse.

and just how much delight would Ben and the Wall St banks get from a forced selloff in gold?

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: cypherdoc on February 15, 2013, 01:51:02 PM

even if you're right about sentiment it doesn't mean it's going to get any better. in fact, it's likely to get much worse.

About the only way it could get worse is if central banks, Chinese, Indians, and Russians were to dump all the physical gold they've accumulated. The exhaustion spike is due, and that's just the paper game unfolding - the tail wagging the dog for just a little bit longer.

Where is the supply of real metal coming from?

cypherdoc

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Quote from: miscreanity on February 15, 2013, 01:33:41 PM

Quote from: cypherdoc on February 15, 2013, 01:19:34 PM

Quote from: miscreanity on February 15, 2013, 01:11:15 PM

Quote from: cypherdoc on February 15, 2013, 12:55:19 PM

it's the quintessential definition of catching falling knives.

If Coca-Cola were down this low, you'd probably be calling it a screaming buy because sentiment is at an all-time low and the valuations are absurdly below reality. This is exactly the time to be accumulating better-than-dirt-cheap shares.

no actually, i wouldn't. now's not the time.

gold sentiment to me continues to be high. my listening of all the podcasts hasn't detected any change at all amongst the gold bugs.

Sure, the hardcore ones. Everyone else has gotten bored, scared, or distracted by new highs elsewhere.

Edit: sleight of hand - it isn't just for David Copperfield...

even if you're right about sentiment it doesn't mean it's going to get any better. in fact, it's likely to get much worse.

miscreanity

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Quote from: cypherdoc on February 15, 2013, 01:19:34 PM

Quote from: miscreanity on February 15, 2013, 01:11:15 PM

Quote from: cypherdoc on February 15, 2013, 12:55:19 PM

it's the quintessential definition of catching falling knives.

If Coca-Cola were down this low, you'd probably be calling it a screaming buy because sentiment is at an all-time low and the valuations are absurdly below reality. This is exactly the time to be accumulating better-than-dirt-cheap shares.

no actually, i wouldn't. now's not the time.

gold sentiment to me continues to be high. my listening of all the podcasts hasn't detected any change at all amongst the gold bugs.

Sure, the hardcore ones. Everyone else has gotten bored, scared, or distracted by new highs elsewhere.

Edit: sleight of hand - it isn't just for David Copperfield...

cypherdoc

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yet another Bitcoin green candle.

cypherdoc

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Quote from: miscreanity on February 15, 2013, 01:11:15 PM

Quote from: cypherdoc on February 15, 2013, 12:55:19 PM

it's the quintessential definition of catching falling knives.

If Coca-Cola were down this low, you'd probably be calling it a screaming buy because sentiment is at an all-time low and the valuations are absurdly below reality. This is exactly the time to be accumulating better-than-dirt-cheap shares.

no actually, i wouldn't. now's not the time.

gold sentiment to me continues to be high. my listening of all the podcasts hasn't detected any change at all amongst the gold bugs.

miscreanity

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Quote from: cypherdoc on February 15, 2013, 12:55:19 PM

it's the quintessential definition of catching falling knives.

If Coca-Cola were down this low, you'd probably be calling it a screaming buy because sentiment is at an all-time low and the valuations are absurdly below reality. This is exactly the time to be accumulating better-than-dirt-cheap shares.

robocoin

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Quote from: cypherdoc on February 15, 2013, 12:58:10 PM

ASIC's coming online. Looks like a new high to me. That is awesome!

It will be as "solid" as gold.

cypherdoc

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ASIC's coming online. Looks like a new high to me. That is awesome!

cypherdoc

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Quote from: paraipan on February 15, 2013, 12:44:27 PM

Quote from: cypherdoc on February 15, 2013, 10:58:52 AM

stupid me.

it's actually much worse than i thought. here is the ENTIRE history of GDXJ since it's inception in Nov 2009. we are at ALL TIME LOWS:

so how long have i been at this now? answer: two gold threads and hundreds of thousands of views since Aug 2011.

is anyone willing to acknowledge there is a problem here besides me?

^ damn, that doesn't look good at all...

can you imagine how many ppl bought dips all the way down like our friend silverbox?

it's the quintessential definition of catching falling knives.

paraipan

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Firstbits: 1pirata

Quote from: cypherdoc on February 15, 2013, 10:58:52 AM

stupid me.

it's actually much worse than i thought. here is the ENTIRE history of GDXJ since it's inception in Nov 2009. we are at ALL TIME LOWS:

so how long have i been at this now? answer: two gold threads and hundreds of thousands of views since Aug 2011.

is anyone willing to acknowledge there is a problem here besides me?

^ damn, that doesn't look good at all...

cypherdoc

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Quote from: Zangelbert Bingledack on February 15, 2013, 12:06:28 PM

Bitcoin is the new gold.

Thank You.

Zangelbert Bingledack

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Bitcoin is the new gold.

cypherdoc

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btw, shorting these miners has been an absolute gold mine Tongue

cypherdoc

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stupid me.

it's actually much worse than i thought. here is the ENTIRE history of GDXJ since it's inception in Nov 2009. we are at ALL TIME LOWS:

so how long have i been at this now? answer: two gold threads and hundreds of thousands of views since Aug 2011.

is anyone willing to acknowledge there is a problem here besides me?

cypherdoc

legendary

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to be fair, it's not just silverbox in trouble but all gold bugs.

GDX:

GDXJ cutting to new yearly lows:

cypherdoc

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the silverbox update (comparison from the beginning of this thread, March 13th, 2012):

Bitcoin: +403%

Gold: -5%

GPL: -30% silverbox long

Diff: +408% advantage Bitcoin

silverbox in real trouble. weekly chart:

Topic: Gold collapsing. Bitcoin UP. - page 1347. (Read 2032266 times)