I don't think it shoots to new ATHs in one go but it's only a matter of time till that happens. At least before Christmas, if I weren't broke I would even offer you guys a bet
Topic: Gold collapsing. Bitcoin UP. - page 1399. (Read 2032274 times)
Overbought isn't necessarily bearish and every rally has a correction - the hard part is knowing when the rally ends.
I don't think it shoots to new ATHs in one go but it's only a matter of time till that happens. At least before Christmas, if I weren't broke I would even offer you guys a bet
I don't think it shoots to new ATHs in one go but it's only a matter of time till that happens. At least before Christmas, if I weren't broke I would even offer you guys a bet
overbought lol
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
I agree, the technicals can be useless sometime. Otherwise trading would be so simple.
overbought lol
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
Just seems to be a lot of dots to connect which end up in geo-politics, like this, this and this which is tied in with this, this and this.
I still have a lot of work to do to understand all that
For the time being, grabbing some popcorn and see what happens will be easier
Looks like we are about to hit some SMA crossings.
After the rally we had, a correction would make sense. We are quite overbought right now.
We'll see if the technicals are any help here.
Could China trigger insta-reserve-currency status for the yuan if they simply declared a gold peg?
That's probably the plan, they might even get some help from Russia, Iran, Venezuela and others (those who are actively stacking gold, and incidentally are also big oil producers, and thus can make the rules).
Are we already there is the question.
Could China trigger insta-reserve-currency status for the yuan if they simply declared a gold peg?
what's next? china? (EDIT: just read the actual post, which seems to imply china).
EDIT2: which of the above countries offered metal-backed reserve currencies?
@cypherdoc: that's a very boring avatar.
http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdings
Quote
In July, Chinese gold imports from HK, after two months of declines, have picked up once more and hit a 3-month high of 75.8 tons. While it is notable that this number is double the 38.1 tons imported a year prior, and that year-to-date imports are now a record 458.6 tons
Quote
it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings
Quote
What is most amusing is that China, via the IMF, still wants the world to believe that total Chinese official holdings are just 1040 tons (double the ECB's), when it has imported half this amount in 2012 alone.
Quote
at the current run-rate of accumulation which is just shy of 1,000 tons per year, it is certainly within the realm of possibilities that China is now the second largest holder of gold in the world, surpassing Germany's 3,395 tons and second only to the US.
"A gauge of indicators of market expectations for additional central bank stimulus rose to 99 percent in August, the highest ever, according to Citigroup Inc. The measure increased to 82 percent in the months before QE2 in November 2010."
http://www.bloomberg.com/news/2012-09-10/fed-stuck-at-zero-into-2015-seen-in-swaps-qe-odds-reach-99-1-.html
http://www.bloomberg.com/news/2012-09-10/fed-stuck-at-zero-into-2015-seen-in-swaps-qe-odds-reach-99-1-.html
SELL
"A gauge of indicators of market expectations for additional central bank stimulus rose to 99 percent in August, the highest ever, according to Citigroup Inc. The measure increased to 82 percent in the months before QE2 in November 2010."
http://www.bloomberg.com/news/2012-09-10/fed-stuck-at-zero-into-2015-seen-in-swaps-qe-odds-reach-99-1-.html
http://www.bloomberg.com/news/2012-09-10/fed-stuck-at-zero-into-2015-seen-in-swaps-qe-odds-reach-99-1-.html
If the fast one crosses upwards it's bullish and if it crosses downwards bearish.
This is basically a variation on the turtle rules (google them, one of the most successful traders in history, you can download their rulebook)
This is basically a variation on the turtle rules (google them, one of the most successful traders in history, you can download their rulebook)
Looks like we are about to hit some SMA crossings.
does the SMA crossings suggest it will go down?
Looks like we are about to hit some SMA crossings.
as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Ramp for years.
How would you know what he's referring to?
I don't know, just my best guess. I would be happy to have sunnankar opinion on that.
Hell, two years ago I was completely illiterate in economy/finance. And I love wearing tinfoil hats. So I'm sure I could very well be wrong.
Just seems to be a lot of dots to connect which end up in geo-politics, like this, this and this which is tied in with this, this and this.
If you ask for your stuff back and they do not give it to you then what recourse do you have?
How would you know what he's referring to?
I don't know, just my best guess. I would be happy to have sunnankar opinion on that.
Hell, two years ago I was completely illiterate in economy/finance. And I love wearing tinfoil hats. So I'm sure I could very well be wrong.
If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.
If JPM goes under, half of the EBT cards in American goes with them.
That's JPM's insurance policy. They'll be the last to fall.
I agree with that, that's why I'm still using conditionals and "If this is true" kind of sentence everywhere.
I have troubles seeing these houses of cards falling. But I do think they will at some point.
I also have problems thinking the CFTC will throw them under the bus. But stranger things have happened.
If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.
If JPM goes under, half of the EBT cards in American goes with them.
That's JPM's insurance policy. They'll be the last to fall.
What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.
Time will tell I guess.
A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch
http://www.youtube.com/watch?v=sxVsosT3GAw
Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)
as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.
No, this time it's different
What he is basically implying is that other big players are squeezing them. They know they will go under, and they are fleecing them.
And I guess the "major information" people are whispering should be the result of the CFTC investigation on market manipulation.
If all this is true, then metals could shoot up quite fast. If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.
Again, last 3 weeks action makes a big short squeeze somewhat plausible. Interesting also to note that the big moves last two weeks where on Fridays (betting on a bankruptcy during the week end ?)
How would you know what he's referring to?
What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.
Time will tell I guess.
A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch
http://www.youtube.com/watch?v=sxVsosT3GAw
Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)
as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.
No, this time it's different
What he is basically implying is that other big players are squeezing them. They know they will go under, and they are fleecing them.
And I guess the "major information" people are whispering should be the result of the CFTC investigation on market manipulation.
If all this is true, then metals could shoot up quite fast. If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.
Again, last 3 weeks action makes a big short squeeze somewhat plausible. Interesting also to note that the big moves last two weeks where on Fridays (betting on a bankruptcy during the week end ?)
What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.
Time will tell I guess.
A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch
http://www.youtube.com/watch?v=sxVsosT3GAw
Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)
as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.
as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Heard some whispers about some major information coming out in the next 2-3 weeks.
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