Topic: Gold collapsing. Bitcoin UP. - page 1494. (Read 2032274 times)

+1

gold bugs should know better.  when the news finally becomes mainstream, it's already too late...

well, I can only something like "Lombardi believes"... there is no evidence. just speculation that Chinese central bank are buying.  

Great news for you but sadly that the import of the Gold in 2012Q1 is as 5 times as 2011Q1 for China. However, in my opinion, it's not rare for any group of people (including the the Chinese people) buying at the top of a bubble. Chinese buying gold at 2012Q1, this is one vivid case that any bubble has someone buying at the top.

When the gold bear is more clear, we will see what will Chinese people do.

Yes, but look how physical miscreanity looks.  myopic yes, but strong nonetheless. 

The Central banks disagree with you..

http://www.prweb.com/releases/2012/5/prweb9503754.htm

When they can print gold, I'll believe this crash theory

I like how gold bounced nicely today off that low.  A bit of sanity returns

No, we won't. As all human being around the world, we like to invest in something that is in a rally sell others in a crash.

Do we really have to do this again, only one day since it was put in perspective?

Disregarding the values and basing analysis purely on the chart lines, a myopic view would consider whatever is being represented to be "shooting" upward.


Let's be generous: 81.3 / 80.5 = 1.0099 which is still less than 1%!

Moving on...


It sure is good to get an idea of what we're dealing with: nothing special. Fundamentally, there is still no underlying strength. This is all relative to other competitors in an overarching systemic failure, not anything of value. We don't have autonomous robots capable of performing all human labor in order to prop up GDP - yet. Instead, developed nations' GDP is now mostly based on consumption! Destruction has been redefined as creation! That's f@#8ing insanity!

What is happening now is a controlled ascent in the USD due to continuous management of the high-automated "trading" currently taking place in what passes for markets today. If it were deemed necessary to make wheat worthless in dollar or Euro terms, it would be worthless in dollar or Euro terms - not because of any connection whatsoever to actual value or supply & demand, but because of the algorithmically-obedient drone mentality of current monolithic "market" participants.

Exactly the same thing occurred with equity markets over the past year, and we're now seeing the results of that value-less launch. Without any credibility to support extreme valuations, stocks are crumbling all around as the brainless trading systems follow their patterns without any notion of actual value. They buy and sell anything and everything when squiggly lines tell them to do so.

If I wet my finger and run it along the rim of a crystal champagne flute, it will hum. If I push price low enough to make a 50-DMA turn negative, algos will sell.

The real warning for investors/traders today should be: bank/government "markets" are for entertainment purposes only.

The numbers seem to indicate that you are referring to the USDX.  It is a unitless index.  I mention it because it makes people who apply a '$' sign appear to be a bit ignorant of economics.

One the topic of the USDX, I suspect that the 82 range is not maintainable for long before things start to shudder frighteningly.  I look for this to provoke QE-3 prematurely...and with the anticipated consequences for PMs.

shooting even more. 

USD shoots up to $81.35.  what happened to $80?

That's why the price is dropping.

Being fully locked and loaded, only actively working the Bitcoin environment, this has become a demented carnival ride. I sigh and chortle a bit whenever I see an article about gold failing or the Euro being doomed. Then I feel a pang of sorrow for the unwashed masses, so easily led astray, and get back to my projects.

Lift the wool from your eyes.

$27 silver.  don't blink.

The driving force for me to buy is when I have an excess of USD moreso than what the price of Au or Ag happens to be, though those are not completely irrelevant factors.

I've been watching like a hawk since I expect another need to dump USD coming up.  If the rocket will wait for me, 'I jump eeen it.'

you know that 1523 WILL be tested.  gold needs guys like you to step up right now.

Not really .  I have zero need to sell anytime in the next few years. 

i can see you're watching like a Hawk.

Yeah the Chinese will be filling their vaults..

if gold gets below 1523, all Hell is gonna break loose...