Author

Topic: Gold collapsing. Bitcoin UP. - page 1470. (Read 2032284 times)

legendary
Activity: 966
Merit: 1003
May 31, 2012, 12:04:52 PM

 I'd probably do some BTC as well, but it's such a risky hassle to transfer between USD and BTC these days, and one has to hand over so much private info to flaky exchange services that it's just not worth it.  I expect that going forward I'll do mainly large face-to-face transactions if/when I can set them up (and, of course, have a desire to do so.)



This is why I used fiat to buy mining gear, you get bitcoin without having to go thru an exchange.  Plus its kinda fun Wink
legendary
Activity: 1764
Merit: 1002
May 31, 2012, 11:54:48 AM
Bitcoin Booyah!
legendary
Activity: 1764
Merit: 1002
May 31, 2012, 11:52:52 AM
SLV short @ $27.25
legendary
Activity: 4760
Merit: 1283
May 31, 2012, 11:44:23 AM
not too late to swap out that gold and silver...

Nor to late to swap out that BTC, for that matter.

For my part, I got my ratios how I wanted them back in the $2-$3/BTC range and have had zero inclination to change it one way or another.

I'm drawing ever closer to having that the wad of USD fall from the sky, and still hoping for a buying opportunity in PMs since that is where I'll store the value.  I'd probably do some BTC as well, but it's such a risky hassle to transfer between USD and BTC these days, and one has to hand over so much private info to flaky exchange services that it's just not worth it.  I expect that going forward I'll do mainly large face-to-face transactions if/when I can set them up (and, of course, have a desire to do so.)

legendary
Activity: 1764
Merit: 1002
May 31, 2012, 11:19:32 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



well, me for one.  i put on a huge GLD short at $152.17 Grin

yes, you can put that one in the record too.

recorded!

You might regret this one Wink

the way you cherry pick starting dates, i had to memorialize it!  Wink

btw, BITCOIN UP!

I know its nice Wink.  BTC to 1000!!! arrr

not too late to swap out that gold and silver...
legendary
Activity: 966
Merit: 1003
May 31, 2012, 11:10:21 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



well, me for one.  i put on a huge GLD short at $152.17 Grin

yes, you can put that one in the record too.

recorded!

You might regret this one Wink

the way you cherry pick starting dates, i had to memorialize it!  Wink

btw, BITCOIN UP!

I know its nice Wink.  BTC to 1000!!! arrr
legendary
Activity: 1764
Merit: 1002
May 31, 2012, 11:07:30 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



well, me for one.  i put on a huge GLD short at $152.17 Grin

yes, you can put that one in the record too.

recorded!

You might regret this one Wink

the way you cherry pick starting dates, i had to memorialize it!  Wink

btw, BITCOIN UP!
legendary
Activity: 966
Merit: 1003
May 31, 2012, 11:06:28 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



well, me for one.  i put on a huge GLD short at $152.17 Grin

yes, you can put that one in the record too.

recorded!

You might regret this one Wink
legendary
Activity: 1764
Merit: 1002
May 31, 2012, 10:51:01 AM
just in case you're wondering if i'm insane:

legendary
Activity: 1764
Merit: 1002
May 31, 2012, 10:42:46 AM
shorted it again!  geez, down boy down!
legendary
Activity: 1764
Merit: 1002
May 31, 2012, 09:31:43 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



well, me for one.  i put on a huge GLD short at $152.17 Grin

yes, you can put that one in the record too.
sr. member
Activity: 470
Merit: 250
May 31, 2012, 09:31:17 AM
who would be so stupid to just dump their assets and crash the price like that? I don't get it..

It wasn't just one person. That's what happens when a lot of people are heading to the exit at the same time.
http://www.zerohedge.com/news/market-shocked-recessionary-pmi-print-gold-pummeled-apple-slides-faceberging-continues
legendary
Activity: 1008
Merit: 1000
May 31, 2012, 09:21:04 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..



What was the value of the volume the was dumped?
hero member
Activity: 731
Merit: 503
Libertas a calumnia
May 31, 2012, 09:19:36 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..
Only someone interested in crashing the gold price as much as possible.

And you certainly know which organizations can be: central banks and states.
legendary
Activity: 1078
Merit: 1003
May 31, 2012, 09:16:24 AM
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..

legendary
Activity: 1764
Merit: 1002
May 31, 2012, 08:56:28 AM
Gold down, Bitcoin up.
legendary
Activity: 1316
Merit: 1005
May 30, 2012, 08:03:45 PM
A great video from the Got Gold Report:

Got Gold Report for May 28 2012
legendary
Activity: 966
Merit: 1003
May 30, 2012, 03:03:59 PM
http://www.cnbc.com/id/47617298

Oh baby.. iTV to the rescue!!

legendary
Activity: 1316
Merit: 1005
May 30, 2012, 02:58:33 PM
Just in time for the end of the month, the Euro is below $1.25 for the close.

Gold futures delivery notifications are due tomorrow, and there are still over 90,000 contracts open at 100oz per contract, or about 3x the physical metal reported available; how many of them stand for delivery will determine whether the exchanges use paper settlement in lieu of physical delivery. If paper settlement forcibly replaces physical delivery, there is no reason to believe that the base money supply is not being inflated at a completely unrestricted rate. Such an event would require truly impressive circumstances to direct attention elsewhere; futures investors are mostly not muppets investing their retirement savings in the latest darling equities.

Once more - how interesting...

I'll be moving my token forex holdings entirely to long AUD & CHF positions late in the NY trading session tomorrow. Physical gold & silver are still physical gold & silver.
legendary
Activity: 966
Merit: 1003
May 30, 2012, 12:43:07 PM
Gold up, AAPL up!  Woot!

doesn't this qualify as taunting or a victory lap?  Grin

lol, I'm only following your gracious example, oh mighty prognosticator!
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