Topic: Gold collapsing. Bitcoin UP. - page 1442. (Read 2032272 times)

Really thats all you got?  You make wild radical claims and I call BS and refute them, then when they don't materialize the way you claimed you say I'm the one with a big mouth?? 

heh, i'm just measuring up to your big mouth.

There you go again with the inflammatory language..  I'm getting wiped out..  

Cause the market and gold are down ~10%??  and BTC is up 17%?  

Yup I'm totally WIPED OUT..    

I'll ride out this minor downturn with no exposure in very risky shorts to a large upswing that could take all your gains in the last 3 months in a few days/hours, with unlimited loss exposure..

first of all, my subs and i have been able to trade the moves in both directions since the top on 5/1/12 very SUCCESSFULLY.  personally, i'm up this year around 45% give or take.  don't forget i was long up into the top at the beginning of this year too.

i do think we've seen the top of this market for years to come and am set up to play the downtrend.  a slow collapse is fine with me and i'll continue to play the turns as i see them.

i propose a solution which plays right into what you proposed from the beginning; take the start of this thread date as a measuring point.  if we do, this is what we get:

Stocks:  -5%

Gold:  -7%

Bitcoin:  +17%

Difference Gold/Bitcoin:  24%

silverbox's GPL:  -14%

cypher's GLD:  +0.63%.  i won't pester you with my other miner shorts and their gains.

sorry dude; you're getting wiped out.

and you still won't tell us how far down you are on your other miners.

Here's the problem.  Cypher claims things are about to implode, then justifys it with the minor downtrend we have had in the last 3 months as if somehow he made a great call.  Its a minor downtrend..  So he got the minor downtrend right, yippie, its a tiny move, it could have easily gone the other way.  Here's a chart to put it in perspective.

We have not had a CRASH in the market in the last 3 months..

its pretty damn close to that.  tell us what it is.


b/c you're not about making money on BTC.  you're about trying to make me look bad on the title of this thread so that your more favored investment, gold and silver, will go up.


don't even attempt give me advice on short term trading.  you're all about buying pm's and miners and holding to the bitter end.  its a religion with you guys.


i prefer a slow grinding crash and collapse.  it gives you guys hope and you'll continue to knife catch like with GPL.

It has been months and during those months the trend has been down in both stocks and PMs.

I'm not down 50% on my miners.  GPL will come back.  I'm a BTC bull too btw, not sure why u try to rub BTC rising in my face, lol.  When BTC rises I make money..

35% gain with triple leverage, which means there was a 11-12% move.  Good for you.  You guessed right that time.  When QE/election/inflation comes and the train turns around from this mild trend down, don't get caught with your pants down in triple shorts, that is extremely dangerous. 

I'm still waiting for the CRASH in the stock market and the COLLAPSE of gold..  Its been months now???

you really are a dick aren't you?

do you have any idea how profitable that 19/23 day straight dump in stocks was in May?  it was good for a ~35% -ish increase in my portfolio, as in triple lever shorts AND pm shorts.  i also exchanged those out for individual shorts to lock in those gains during the small consolidation period so those are safe.  all your peabrain can see is the difference btwn 5/1/12 and now...Don't worry an even bigger dump is coming.

i'll admit that AAPL bet was an impulsive stupid bet not based on any technicals.  i don't know how i let you change it from my original proposal that Apple wouldn't make it over $700.  despite this, it got down to $522.  oh so close and Apple will get under $500 with more time.

as far as putting up the results; it's b/c you keep taunting me if i've covered and i keep saying no.  you certainly are one to dish out the rocket to the moon pictures and claims about pm's and HI but how's that worked out?  your fucking miners are getting destroyed and bullion has gone nowhere but down for over a year.  the miners you bought the last year must be down almost 50%.  admit it.  great timing on GPL too.  and yes, Bitcoin is trouncing metals.

keep putting up those yearly bar charts on gold.

Mission accomplished!

In a few years, you'll be riding high with Bitcoin, but have completely missed the greatest part of the PM bull.


Another view is that all of the efforts to have more will lead to even greater resource consumption to fight and kill each other for control of those resources. War generally consumes resources and makes them harder to recover. How much more will that amplify consumption?

If an asset is at a discount no matter the price to this point, it doesn't matter what the entry point is. The danger in fleeing now is that the systemic stresses are so great that there's no real way to determine when a break will occur, but there's no doubt that it will happen violently. Because of that, it might not be possible to get in again at any price, so short-term trading for a few percent gain here and there doesn't matter compared to being along for the ride when a magnitude shift does take place for potentially thousands of percent gains.

There's an easy way to determine someone's mindset in regard to the above. Print this post and attempt to complete the following in 60 seconds:

Read all directions completely before writing anything down. At the end of this exercise you will give yourself a score on how well you did.

• Write your first name in the upper left corner of this page
• Write your last name in the upper right corner of this page
• If your last name begins with a letter from A to M, circle your first name
• If your last name begins with a letter from N to Z, circle your last name
• Write today's date somewhere in the left side of this page
• Write your birthdate somewhere in the right side of this page
• If your birthdate is in a month from January to June, draw a SINGLE line under your birthdate
• If your birthdate is in a month from July to December, draw a DOUBLE line under your birthdate
• Add the DAY of your birthday to the DAY of today's date and put the number under the title of this exercise
• Write the word "score" in capital letters in the lower right corner of this page
• Draw a box around it
• Calculate 2^10 and write the answer in the middle of the page
• Multiply the result by 8 and write the answer above the previous one
• If your first name is in the upper left corner of this paper, give yourself 100 points
• If your first name is in the upper right corner of this page, give yourself -100 points
• Add the number under the title of this exercise to your score
• If there is any writing on the page before you have gotten here for the first time give yourself a ZERO! Then go back and read the directions at the top of the page telling you to read ALL directions completely before writing anything down

If you haven't seen this test before and you scrambled to complete each item, you're most like a trader. If you took the whole thing in before making a decision on where to begin, you're more like an investor. If you've seen this before and simply learned to recognize the pattern, you might be the type to miss important things that you aren't looking for. If you understand why the test is given, you're probably good at seeing the big picture.

phh miners did this same exact thing once already, during 2008 very similiar pattern to what we see today.  You've stated your corner in PM's, and what I'm saying is that I think this is close to the bottom, we've pulled back, its up from here.  I will be buying at lower then this level for years if thats what it takes, but I don't think I'll be waiting anywhere close to that long..  My strategy, my risks are limited to what I've bet.  With shorts if your stubborn, you have infinite risk...  

Everyone still wants to drive a nice car, live in a nice house, go to a nice place to eat and shop (to buy crap to put in their nice house that they don't need)..  Its human nature to consume more and more, the third world nations are just getting started on their consumption of global resources..  The population is still rising, the standard of living worldwide is too.   Demand is UP for commodities and will continue to rise.  

Finite amount of resourses, with more fiat to chase them, with a higher demand  =  BULL MARKET.

When people stop fucking and wanting nice stuff, I'll stop buying commodities and PMs.

buying miners this past year or GPL recently takes alot of balls 12 yrs into a bull mkt.  i don't begrudge you thinking "long term" that this bull can continue.  let's just hope you're not wrong b/c there are alot of us who think we've reached a tipping point in both public and private debt that will reverse the linear, inflationary upwards thinking of the last 40 yrs.  and it may not matter one iota that Ben tries more QE even though there are no signs he will do more just yet.

just don't begrudge us that like to trade corners for months at a time b/c a lot of money can be made doing so even if the bull mkt continues.  you may like to focus on my GLD short at 152 but i've made it publicly clear i've been shorting gold/silver/miners most of the way down from May/August last year, the records of which are plain to see in my history.  there were even times when i covered like from Oct to April.

there could very well come a time when i'll be bullish on pm's again but i think it will be a few years from now.

I have never bought at the top.  This is still a long term commodity Bull market.  Buying the dips is how you make money in a long term Bull market..  I'll buy more GPL before the next fed meeting if it stays down here or dips further. 

GPL being down so much just means it will bounce back fast once the bull starts snorting again

irrespective of what i think, you don't see a problem with your miners stocks and silver holdings being cut in half since the top?  or gold being down 18%?  how about GPL down 13% in such a short time period?

Time will tell.  When prices start driving up after QE or the election, your risk exposure on your upside down shorts is infinite..  Hope you don't get taken to the cleaners to badly.

Cool story.  Been to the gas pump lately?

Good luck finding the bottom of this pit.  When the SHTF, I'll be buying to cover, and you'll be cutting losses and creating worse conditions for everyone else.

You mean the forest of the stock and PM market collapses?  (That hasn't happened)

The forest of massive deflation emminently upon us??  (That hasn't happened)

Yeah I'm missing it all right..

All I see is a minor downturn until QE or the election.