Topic: Gold collapsing. Bitcoin UP. - page 1499. (Read 2032274 times)
Sound money not being gold?
The Daaash for Digital Caaash.
Apparently investors are worried about the Eurozone. Do they know that they are setting up this new organisation designed to bail-out EU countries and institutions at moments notice (Well technically it's 20 something days or something)? And the new organisations basically will have power to do anything it wants, essentially forcing member states to hand over money. It's the European "Stability" Mechanism and will be operational in July.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
you're just a Keynesian wrapped in gold cloth
AND, my favorite joke: what's a gold bugs worst nightmare? SOUND MONEY!
Apparently investors are worried about the Eurozone. Do they know that they are setting up this new organisation designed to bail-out EU countries and institutions at moments notice (Well technically it's 20 something days or something)? And the new organisations basically will have power to do anything it wants, essentially forcing member states to hand over money. It's the European "Stability" Mechanism and will be operational in July.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
Its just temporary. We get much lower and I might have to stop buying mining gear and start buying physical again .
.
$28 silver.......blink.........gone.
Don't worry then, I'll just talk to my gold. :-D
There's a lot of text on these topics. I can't read it all. Do you think there will be wide bank defaults on deposits and that interest rates will go sky high. What about deficit financing?
But sure ignore these questions if you will.
oh gaud. how frickin true is that?
what's funny is that altho i think they're both criminals and the scum of the earth, when i watch Dimon talk on TV i can't help actually "like" the guy as in "he couldn't possibly have done THAT, could he?" the fact of the matter is he can and he did. mofo.
I've never seen Dimon talk. No TV.
Believe it or not, I actually kind of like Bernanke. Furthermore, I'm not convinced that I would do things much differently if I were in his situation, and am sure I could not do things better.
As I've said before, I think it is a very rational strategy to milk the current situation to the max before it collapses, and also to balance the exploitation of the situation against the things necessary to extend the collapse out as long as possible.
I'm not saying that I think these actions are ethical. I do not, which is why I have zero desire to be running the ship (and there is zero chance that I ever would be for numerous reasons.) But I am also not blind to the fact that I, as an American, am living very highly on the hog relative to most of the world's people and that I have people like Bernanke to thank for this. I do believe that if Paul were captaining things, we'd be in a totally different and totally wretched situation right now. The only difference is that we'd be on the way toward a recovery rather than on the way into the abyss.
i seriously considered not responding to you b/c it's like talking to the wall as i learned dealing with you in the "Gold: I smell a trap" thread. as you said, you only read what you want to. or perhaps when you have a vested interest in not understanding something you won't?
look around you man. over the last 12 yrs we've been having a global price discovery facilitated by the Internet. we've entered the Age of Deleveraging. Nasdaq is down, stock market down (compared to its 10/07 high), housing down. now, over the last year commodities down, silver down, gold down, miners down, Euro debt defaulted, Iceland debt defaulted, Ireland debt defaulted. we're on the verge of 2 big kahunas defaulting; Spain and Italy. this will spill over to Germany. eventually i think the Euro gets disbanded resulting in another huge debt default.
look at the past 1.5 mo where US stocks are being affected. there are a boatload of individual stocks that have gapped down big as their shareholders have been taken out and shot in the head; GCMR, PRU, DECK, CSCO, and the most recent on Friday, JPM. we are not going to continue to inflate no matter what the Fed does and all these price indicators are telling you that. look at Morgan Stanley, they will probably be the next Lehman. JPM goes right to the heart of the world's financial system. they hold the biggest derivatives book the universe has ever seen and they are the Feds tool and connection to all markets. Friday indicates BIG trouble.
to directly answer your question, no, they can't print fast enough to fill the imploding debt or asset values. this is why asset values are falling and if you choose to ignore this you will lose alot of money.
look around you man. over the last 12 yrs we've been having a global price discovery facilitated by the Internet. we've entered the Age of Deleveraging. Nasdaq is down, stock market down (compared to its 10/07 high), housing down. now, over the last year commodities down, silver down, gold down, miners down, Euro debt defaulted, Iceland debt defaulted, Ireland debt defaulted. we're on the verge of 2 big kahunas defaulting; Spain and Italy. this will spill over to Germany. eventually i think the Euro gets disbanded resulting in another huge debt default.
look at the past 1.5 mo where US stocks are being affected. there are a boatload of individual stocks that have gapped down big as their shareholders have been taken out and shot in the head; GCMR, PRU, DECK, CSCO, and the most recent on Friday, JPM. we are not going to continue to inflate no matter what the Fed does and all these price indicators are telling you that. look at Morgan Stanley, they will probably be the next Lehman. JPM goes right to the heart of the world's financial system. they hold the biggest derivatives book the universe has ever seen and they are the Feds tool and connection to all markets. Friday indicates BIG trouble.
to directly answer your question, no, they can't print fast enough to fill the imploding debt or asset values. this is why asset values are falling and if you choose to ignore this you will lose alot of money.
There's a lot of text on these topics. I can't read it all. Do you think there will be wide bank defaults on deposits and that interest rates will go sky high. What about deficit financing?
But sure ignore these questions if you will.
...snip...(I read it.)
so there you have it. Happy Mother's Day!
Something we likely agree on (complements of Max Keiser's site):
oh gaud. how frickin true is that?
what's funny is that altho i think they're both criminals and the scum of the earth, when i watch Dimon talk on TV i can't help actually "like" the guy as in "he couldn't possibly have done THAT, could he?" the fact of the matter is he can and he did. mofo.
...snip...(I read it.)
so there you have it. Happy Mother's Day!
Something we likely agree on (complements of Max Keiser's site):
Well shit. OK, fine. I picked one page of your posts at random and found the first seemingly factual assertion of yours, and here's what I get:
how fitting.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
http://bitcoincharts.com/charts/mtgoxUSD#czsg2012-01-01zeg2012-05-12ztgSzm1g10zm2g25zv
Maybe you can use this as a pivot to explain 'wave theory' to us ignorant peons? But don't waste your breath on me cuz' it would take a lot of work to make me believe that it is more than a bunch of made-up-after-the-fact garbage which mainly appeals to the weak minded who are afraid to (or unable to) think for themselves. But selling magic crystals makes a lot of people a living too I suppose
well ok, i think i've figured it out. i'm really big on behavior analysis and get excited when i can apply it to capital markets. i get even more excited when i can apply it to myself and learn something from it.
see these 2 pm's i made to miscreanity last October:
On the other hand I think that cypherdoc’s service is great also! He focuses on more of the fundamental analysis of the real-world markets, not particularly so much on bitcoin. His analysis has been spot-on and dead on time. It is remarkable to listen to someone who has such a great ‘feel’ for the wider markets.
The other great thing about cypherdoc’s analysis is that he takes the time to explain how he got to such a position, logically portraying his thought processes, teaching the subscribers how to analyse and critically think about the markets as he.
While S3052 and cypherdoc both seem to be perma-bulls, one can take that into account when reading their analysis. As I often think… It is just another prospective in to be taken account of, while I will still make my own trading decisions.
and i've told them i won't always be right but any recommendations i make have a higher probability than not in playing out. The other great thing about cypherdoc’s analysis is that he takes the time to explain how he got to such a position, logically portraying his thought processes, teaching the subscribers how to analyse and critically think about the markets as he.
While S3052 and cypherdoc both seem to be perma-bulls, one can take that into account when reading their analysis. As I often think… It is just another prospective in to be taken account of, while I will still make my own trading decisions.
another distinction that i feel is important is that technical analysis cannot work when analyzing a single market like Bitcoin in isolation. my subscribers know that i'm constantly assessing multiple markets simultaneously over multiple time frames to get an overall picture of what is likely to happen. and i firmly believe you won't be able to tell what's going to happen with Bitcoin unless you understand what is happening in these larger markets around you. i have open on my desktop over 120 data feeds at once to keep my fingers on the pulse of what's happening. it's like an orchestra playing out in front of me with me being the conductor. not in the sense that i'm controlling things but in the sense that i can tell if the strings are slightly off key and i immediately direct my attention to whats going on over on that part of the stage. there is alot of intuition that goes into it as well and learning to think like a criminal. i also learned that growing up in the rougher areas of town. i also don't believe you can use technical analysis to call every little twist and turn in the market and have made it clear to my subscribers that i emphasize and personally trade the intermediate term cycles primarily and that they are on their own if they try to day trade or trade daily cycles. there's too much noise in that short a time frame and it is unpredictable.
so there you have it. Happy Mother's Day!
I bet you would be happy to go through all of my 1000 posts to prove some relatively pointless thing? Unfortunatly I cannot get a database dump of the forum and the UI is fairly tedious. Unlike a lot of other people it seems, I feel some significant duty to do good and detailed analysis if I make hard and fast statements....so I rarely make these. And anyway I gave you a classic example since it was at hand (this thread.) Again, do with it what you will.
If your goal is to produce such a mountain of text that you can argue that history proves you right and the most prescient person on the planet and rely on the reality that no (honest) person in their right mind is going to analyze 4000 posts, then it is probably working for you.
it's already been said by me and several others that this thread deals with a prediction as to the general direction of where gold is headed over the long term, not a collapse yesterday, today or tomorrow.
your accusation amounts to more than one also and i'd think you'd have specific examples in mind that wouldn't involve combing thru 4000 posts.
Well shit. OK, fine. I picked one page of your posts at random and found the first seemingly factual assertion of yours, and here's what I get:
how fitting.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
http://bitcoincharts.com/charts/mtgoxUSD#czsg2012-01-01zeg2012-05-12ztgSzm1g10zm2g25zv
Maybe you can use this as a pivot to explain 'wave theory' to us ignorant peons? But don't waste your breath on me cuz' it would take a lot of work to make me believe that it is more than a bunch of made-up-after-the-fact garbage which mainly appeals to the weak minded who are afraid to (or unable to) think for themselves. But selling magic crystals makes a lot of people a living too I suppose
i don't use wave theory primarily but i do believe we're in the beginning of a 3 up. aren't i allowed to have an opinion?
i actually do believe it is hard to apply technical analysis to Bitcoin at this early stage which is why i don't emphasize it in my newsletter. my opinion is based more on the fundamentals.
Cycle Theory is based more on historical statistical analysis of the cycles and we don't have alot of history yet in Bitcoin.
I bet you would be happy to go through all of my 1000 posts to prove some relatively pointless thing? Unfortunatly I cannot get a database dump of the forum and the UI is fairly tedious. Unlike a lot of other people it seems, I feel some significant duty to do good and detailed analysis if I make hard and fast statements....so I rarely make these. And anyway I gave you a classic example since it was at hand (this thread.) Again, do with it what you will.
If your goal is to produce such a mountain of text that you can argue that history proves you right and the most prescient person on the planet and rely on the reality that no (honest) person in their right mind is going to analyze 4000 posts, then it is probably working for you.
it's already been said by me and several others that this thread deals with a prediction as to the general direction of where gold is headed over the long term, not a collapse yesterday, today or tomorrow.
your accusation amounts to more than one also and i'd think you'd have specific examples in mind that wouldn't involve combing thru 4000 posts.
Well shit. OK, fine. I picked one page of your posts at random and found the first seemingly factual assertion of yours, and here's what I get:
how fitting.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
Wave 3 starting after all the weak hands have been shaken out or liquidated.
http://bitcoincharts.com/charts/mtgoxUSD#czsg2012-01-01zeg2012-05-12ztgSzm1g10zm2g25zv
Maybe you can use this as a pivot to explain 'wave theory' to us ignorant peons? But don't waste your breath on me cuz' it would take a lot of work to make me believe that it is more than a bunch of made-up-after-the-fact garbage which mainly appeals to the weak minded who are afraid to (or unable to) think for themselves. But selling magic crystals makes a lot of people a living too I suppose
...
You start off with a system having the usual assortment of components; mainboard, memory, power supply, and solid state storage for this scenario. Each gradient on the far left represents a SSD, and each box right of that represents 10% of the drive capacity (1 unit). A given constraint is that the mainboard can only handle a maximum of 4 SSD devices. Also, any hardware added cannot be removed without preserving data integrity without resorting to media other than what is present in the system.
...
You start off with a system having the usual assortment of components; mainboard, memory, power supply, and solid state storage for this scenario. Each gradient on the far left represents a SSD, and each box right of that represents 10% of the drive capacity (1 unit). A given constraint is that the mainboard can only handle a maximum of 4 SSD devices. Also, any hardware added cannot be removed without preserving data integrity without resorting to media other than what is present in the system.
...
...and you select ZFS running on BSD or Solaris so you can swap storage pools at will...and also be less likely to end up like poor old Zhou Tong getting hacked for tens of thousands of BTC every time he turns around.
Another Score: 5/11-12/12 (two in one)
Comment. Bitcoin gone red and going red'er
Ouch! Lets see an update of yours silverbox.
Another Score: 5/12/12
year ago now delta mult
BTC 5.40 4.95 + 0.92
Gold 1505 1580 + 1.05
Another Score: 5/11/12
year ago now delta mult
BTC 5.00 4.95 + 0.99
Gold 1505 1580 + 1.05
--------------------------
ref (for future updates):
http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv (change date)
http://www.kitco.com/charts/livegold.html (hist cgi at bottom)
mult=now/year_ago
Another Score: 5/10/12 (kitco down, gold est from INO.)
year ago now delta mult
BTC 3.82 4.90 + 1.28
Gold 1510 1593 + 1.05
Another Score: 5/9/12
year ago now delta mult
BTC 3.75 5.03 + 1.34
Gold 1510 1590 + 1.05
Another Score: 5/8/12
year ago now delta mult
BTC 3.64 5.03 + 1.38
Gold 1497 1605 + 1.07
Comment. Bitcoin gone red and going red'er
Ouch! Lets see an update of yours silverbox.Another Score: 5/12/12
year ago now delta mult
BTC 5.40 4.95 + 0.92
Gold 1505 1580 + 1.05
Another Score: 5/11/12
year ago now delta mult
BTC 5.00 4.95 + 0.99
Gold 1505 1580 + 1.05
--------------------------
ref (for future updates):
http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv (change date)
http://www.kitco.com/charts/livegold.html (hist cgi at bottom)
mult=now/year_ago
Another Score: 5/10/12 (kitco down, gold est from INO.)
year ago now delta mult
BTC 3.82 4.90 + 1.28
Gold 1510 1593 + 1.05
Another Score: 5/9/12
year ago now delta mult
BTC 3.75 5.03 + 1.34
Gold 1510 1590 + 1.05
Another Score: 5/8/12
year ago now delta mult
BTC 3.64 5.03 + 1.38
Gold 1497 1605 + 1.07
As for my other complaints, it is to tedious to look for good historic examples.
that's funny. if i ever leveled such a severe accusation at someone i usually would have a specific example or more in mind that i never forgot. oh well. no way to assess whether you serious or not.
I made it pretty clear that these were my general perceptions of your work. I may or may not be alone so use the info as you wish.
I forgot to mention that I'll be happy to point out such issues going forward and/or as I run across such things in the course of other research.
Translation: I'm to lazy to actually engage in a discussion. I'll just sit here in the peanut gallery and throw empty shells at you.
I bet you would be happy to go through all of my 1000 posts to prove some relatively pointless thing? Unfortunatly I cannot get a database dump of the forum and the UI is fairly tedious. Unlike a lot of other people it seems, I feel some significant duty to do good and detailed analysis if I make hard and fast statements....so I rarely make these. And anyway I gave you a classic example since it was at hand (this thread.) Again, do with it what you will.
If your goal is to produce such a mountain of text that you can argue that history proves you right and the most prescient person on the planet and rely on the reality that no (honest) person in their right mind is going to analyze 4000 posts, then it is probably working for you.
it's already been said by me and several others that this thread deals with a prediction as to the general direction of where gold is headed over the long term, not a collapse yesterday, today or tomorrow.
your accusation amounts to more than one also and i'd think you'd have specific examples in mind that wouldn't involve combing thru 4000 posts.
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