Topic: Gold collapsing. Bitcoin UP. - page 1508. (Read 2032274 times)
waveaddict:
couldn't we be setting up to do one of these? a wave 3 of 5 down?
the 3 wave down would be expected to to be greater in extent and time compared to 1 would it not? as it is, its a little shorter and the depth not as deep.
couldn't we be setting up to do one of these? a wave 3 of 5 down?
the 3 wave down would be expected to to be greater in extent and time compared to 1 would it not? as it is, its a little shorter and the depth not as deep.
We very well could be (and that is why I continue to be heavily short) but that 2nd wave from your chart up looks more like a 5 waver instead of a 3 waver.
The three most likely wave counts from my perspective are here: http://imageshack.us/f/825/aaplw.png/
Enjoy!
Like I said, the structure didn't look quite right for a wave 3 down starting just yet. I'll be re-shorting in the $600 -$610 range.
You gotta love it when a plan comes together
ah, who gives a shit. it took me less than 7d to get back to where we were.
I've been paranoid about a sudden collapse for about a decade. In fact, trying to understand the push into Iraq really triggered my extreme interest in (and paranoia about) the various monetary regimes around us these days.
Going off-topic here, but it's relevant to the bigger picture and gold ties in. While Europe is in the limelight:
What If A Collapse Happened & Nobody Noticed?
New Bill Known As Enemy Expatriation Act Would Allow Government To Strip Citizenship Without Conviction
Obama Mentor Wanted Americans Put In Re-Education Camps
Army manual for re-education camps applies to US citizens
EPA's Plans for Implementing UN's Agenda 21
“We are Preparing for Massive Civil War,” Says DHS Informant
Billionaire Hugo Salinas Price - Elites Plan to Control the World
i must admit, i do worry about this and did extremely so back in 2008 but it never happened. i suppose it could happen now but if i'm correct and the USD skyrockets, the USD reserve system may go on for another cycle and i'll be able to get my wealth out at that time.
in fact, at the very bottom (years out) it just may be the time to buy some gold/silver again; we'll just have to see how the Bitcoin/pm game plays out.
in fact, at the very bottom (years out) it just may be the time to buy some gold/silver again; we'll just have to see how the Bitcoin/pm game plays out.
I suspect that the USD will have extraordinary pull on the worlds financial systems and be legitimately classifiable as 'the worlds reserve currency' as long we (the US) manage the availability of the energy resources of the Middle East. That does not preclude volatility and and/or 'economic emergencies' if they serve the purposes of the relatively few entities who manage things.
Furthermore, our grasp on the management of these resources of the Middle East is probably a bit more tenuous than some people may think. For instance, if we had to resort to boots on the ground in Saudi Arabia (and the likely simultaneous conflagration of issues in surrounding areas), I personally question our ability to strap on that many boots. And I have less faith than most in the robustness of our very complex weapons systems when put to the test against our more capable adversaries. (Excepting our thermonuclear offensive capability that is, but man do I not want to go there!)
The USD will almost definitely shoot up this month, but it'll come crashing down shortly after. Sure things could go on for another cycle, just not the same. What restrictions might be put in place? Could you move your assets out if there's a bank holiday or $1,000 daily limit on transfers?
I've been watching events unfold for a decade and have studied a lot of history. Things are hitting so fast & furious right now that Rahm Emanuel will soon have a field day. Assets inside the financial system in any way, shape, or form are as good as gone in that situation.
Even if there is another cycle or two, this is not the kind of gamble to be played lightly. Every time the edge is pushed to an extreme, the need to be ready for a final break becomes more important.
I've been watching events unfold for a decade and have studied a lot of history. Things are hitting so fast & furious right now that Rahm Emanuel will soon have a field day. Assets inside the financial system in any way, shape, or form are as good as gone in that situation.
Even if there is another cycle or two, this is not the kind of gamble to be played lightly. Every time the edge is pushed to an extreme, the need to be ready for a final break becomes more important.
I've been paranoid about a sudden collapse for about a decade. In fact, trying to understand the push into Iraq really triggered my extreme interest in (and paranoia about) the various monetary regimes around us these days. My answer was PM's and I never really expected to _make_ any money on them (and am not completely sure that I have) but by happenstance I would have been unlikely to have done much better with any of the alternates.
I've always suspected that if/when a collapse comes, it will be shockingly rapid (as in hours.) This in part because the most well connected will do better in such a scenario, and if a collapse is mathematical inevitability (which I believe to be the case) then one might as well make the most of it. I suspect that the likes of JP Morgan have a current script which the update continuously dealing with how to manage a collapse.
Back to my point some pages ago about MF Global 'case law', although I am not a lawyer I believe it to be true that depending on the current state of the MF Global case, some assets which moved around in the first few microseconds of a collapse may either stay put during the subsequent legal wranglings, or need to be returned pending said. (This assumes that there even exists a legal system after a significant collapse which is not, in my mind, a given.)
I use JP Morgan as an example here because as best I can ascertain, they ended up with the money from the MF Global customer accounts and have yet to part with a dime of it. I'm shocked that the victims are still only at 80%...I expected they would have been made %100 whole within a few day on the back of my tax dollars and in the 'national security interest' of 'maintaining market confidence' or some such. That that did _not_ happen got me to generating hypotheses on why.
Nothing much to secure here. Most of my assets are physical..
Yeah, cyph better get some!
http://youtu.be/MCUnWIs88CQ
oh my. after that i'm done for the day...
edit: you're right; after that i do want to get physical.
Nothing much to secure here. Most of my assets are physical..
Yeah, cyph better get some!
http://youtu.be/MCUnWIs88CQ
i must admit, i do worry about this and did extremely so back in 2008 but it never happened. i suppose it could happen now but if i'm correct and the USD skyrockets, the USD reserve system may go on for another cycle and i'll be able to get my wealth out at that time.
in fact, at the very bottom (years out) it just may be the time to buy some gold/silver again; we'll just have to see how the Bitcoin/pm game plays out.
in fact, at the very bottom (years out) it just may be the time to buy some gold/silver again; we'll just have to see how the Bitcoin/pm game plays out.
The USD will almost definitely shoot up this month, but it'll come crashing down shortly after. Sure things could go on for another cycle, just not the same. What restrictions might be put in place? Could you move your assets out if there's a bank holiday or $1,000 daily limit on transfers?
I've been watching events unfold for a decade and have studied a lot of history. Things are hitting so fast & furious right now that Rahm Emanuel will soon have a field day. Assets inside the financial system in any way, shape, or form are as good as gone in that situation.
Even if there is another cycle or two, this is not the kind of gamble to be played lightly. Every time the edge is pushed to an extreme, the need to be ready for a final break becomes more important.
Nothing much to secure here. Most of my assets are physical..
Yeah, cyph better get some!
Nothing much to secure here. Most of my assets are physical..
Yeah, cyph better get some!
The discussion becomes pointless when account funds vanish. Come back to debating after your assets are secured. I'll give you 15 minutes
Quote
This potential is becoming a certainty the longer the debt game goes on. There's nowhere else to extract wealth from.
i must admit, i do worry about this and did extremely so back in 2008 but it never happened. i suppose it could happen now but if i'm correct and the USD skyrockets, the USD reserve system may go on for another cycle and i'll be able to get my wealth out at that time.
in fact, at the very bottom (years out) it just may be the time to buy some gold/silver again; we'll just have to see how the Bitcoin/pm game plays out.
Nothing much to secure here. Most of my assets are physical..
Its not bickering
Its just debating what will happen next.
Its just debating what will happen next.
you scared the crap out of me there for a moment. i have a small Think or Swim acct but i guess it got sold to Ameritrade by Penson. 
The discussion becomes pointless when account funds vanish. Come back to debating after your assets are secured. I'll give you 15 minutes
A couple of good quotes from the post.
Quote
... don't expect that you're safe if Penson blows because there is no evidence you will be safe...
Quote
... if it [rehypothecation] happens again there will be no confidence remaining in the market, the break will be immediate and disastrous, and it is entirely possible that the proprietary trading of all brokerages will unwind and you will discover that there is no such thing as a safe brokerage in which to trade or invest as it is entirely possible that we will discover that all such banks and brokerages have enough proprietary exposure that they will all fail and you will lose all your money.
This potential is becoming a certainty the longer the debt game goes on. There's nowhere else to extract wealth from.
You crash the markets hard enuf and you get rioting in the streets
Or you get thousands of state workers storming the state capitols
Or you get thousands of state workers storming the state capitols
wasn't 54% in 2001 and 57% in 2008 hard enough?
the state workers did go ape after 2008
You crash the markets hard enuf and you get rioting in the streets
Or you get thousands of state workers storming the state capitols
Or you get thousands of state workers storming the state capitols
wasn't 54% in 2001 and 57% in 2008 hard enough?
You crash the markets hard enuf and you get rioting in the streets
Or you get thousands of state workers storming the state capitols
Or you get thousands of state workers storming the state capitols
here's a great chart from Charles Smith. do u really think the creditors/banksters, who are in that 5% upper class, are going to voluntarily allow you, the 95% middle class, to escape your debts to them via inflation? seriously?
1 that chart only goes to 2007.
2 Many have escaped already by defaulting/forclosing.
The 5% don't want rioting in the streets anymore then the Fed or Congress do
hey, i've already said that a market crash doesn't have to mean rioting in the streets. the ones who have the most to lose are the hedge funds and IB's who have trapped themselves in this ponzi market.
i'm an "optometrist"!
yeah, com' on miscreanity! don't be a wet towel!
With all this pointless bickering back & forth, everyone will have their wealth snatched right out from under their noses. I don't trade these markets anymore for the following reason.
Ann Barnhardt raises warnings again: MF Global 2.0 May Be Unfolding Now
After MF Global failed last year, there was a Canadian firm and a Japanese fund that mimicked the rehypothecation fiasco. Now, it looks like the next wave is hitting, and it's a big one.
If you haven't yet, follow Jim Sinclair's advice to make your holdings book entries at the respective transfer agents so that your ownership of stocks cannot be questioned as easily as if it were your word against your broker. This isn't a guarantee, but it's better than nothing.
More instruction on direct registry from JSMineset.
After MF Global failed last year, there was a Canadian firm and a Japanese fund that mimicked the rehypothecation fiasco. Now, it looks like the next wave is hitting, and it's a big one.
If you haven't yet, follow Jim Sinclair's advice to make your holdings book entries at the respective transfer agents so that your ownership of stocks cannot be questioned as easily as if it were your word against your broker. This isn't a guarantee, but it's better than nothing.
More instruction on direct registry from JSMineset.
you scared the crap out of me there for a moment. i have a small Think or Swim acct but i guess it got sold to Ameritrade by Penson.
With all this pointless bickering back & forth, everyone will have their wealth snatched right out from under their noses. I don't trade these markets anymore for the following reason.
Ann Barnhardt raises warnings again: MF Global 2.0 May Be Unfolding Now
After MF Global failed last year, there was a Canadian firm and a Japanese fund that mimicked the rehypothecation fiasco. Now, it looks like the next wave is hitting, and it's a big one.
If you haven't yet, follow Jim Sinclair's advice to make your holdings book entries at the respective transfer agents so that your ownership of stocks cannot be questioned as easily as if it were your word against your broker. This isn't a guarantee, but it's better than nothing.
More instruction on direct registry from JSMineset.
After MF Global failed last year, there was a Canadian firm and a Japanese fund that mimicked the rehypothecation fiasco. Now, it looks like the next wave is hitting, and it's a big one.
If you haven't yet, follow Jim Sinclair's advice to make your holdings book entries at the respective transfer agents so that your ownership of stocks cannot be questioned as easily as if it were your word against your broker. This isn't a guarantee, but it's better than nothing.
More instruction on direct registry from JSMineset.
Its not bickering
Its just debating what will happen next.
Cypher and a few others think everything is about to crash/collapse except bitcoin..
Myself and others don't
here's a great chart from Charles Smith. do u really think the creditors/banksters, who are in that 5% upper class, are going to voluntarily allow you, the 95% middle class, to escape your debts to them via inflation? seriously?
1 that chart only goes to 2007.
2 Many have escaped already by defaulting/forclosing.
The 5% don't want rioting in the streets anymore then the Fed or Congress do
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