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Topic: Gold collapsing. Bitcoin UP. - page 1510. (Read 2032274 times)

legendary
Activity: 1764
Merit: 1002
May 04, 2012, 11:14:55 AM
the economy is still exhaling.  and even with multiple additional rounds of QE, probably will still be exhaling, but at least a few short inhales can be taken with each round of QE Wink.

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.

Also glad to see BTC not correlating with AAPL's drop today either Wink.

you've got this backwards.  inhaling leads to inflating of the lungs; as in QE leads to inflating of stocks, bonds, gold, silver, oil, commodities.

this is why Clinton said he never "inhaled" thus never got high Wink
legendary
Activity: 1316
Merit: 1005
May 04, 2012, 10:52:31 AM
don't get me wrong here; just b/c i think the USD is going to skyrocket doesn't mean i believe the USD reserve currency system is the right or fairest system.  in fact, i think it is totally unfair dangerous/destructive in that it is controlled by a handful of corrupt bankers.

this is why i'm such a believer in a Bitcoin system.

FTFY

Watch EUR/USD @ $1.25 this month. June is shaping up to be it.

My plan: short the sh*t out of the Euro on the next bounce and take profit between $1.26 and $1.25'80.
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 10:37:03 AM
don't get me wrong here; just b/c i think the USD is going to skyrocket doesn't mean i believe the USD reserve currency system is the right or fairest system.  in fact, i think it is totally unfair in that it is controlled by a handful of corrupt bankers.

this is why i'm such a believer in a Bitcoin system.
legendary
Activity: 1316
Merit: 1005
May 04, 2012, 10:36:12 AM
do u not believe that things in life and nature cycle?  how about breathing?  is it one continuous inhale?

Depends on scale. The universe is still inhaling Smiley

it won't matter if he throws QE3 on the table or not, the cycles are telling you that it's time for another decline.  i'd even go as far as to say that if he does throw QE3 out there, it'll make it far worse.  sophisticated investors understand this can only work for so long.

It definitely is time for a decline. Cycles can be disrupted, but not indefinitely. QE never stopped: where do you think the IMF funds came from? Announcing QE3 now would just make it official.

At the moment, there's a game of chicken going on between the EU and the US to see which will ramp up easing efforts first. EU heads have essentially been daring the Fed to let them fall and drag the US along. Deflation in Europe points to America having to kick up another gear which is exceptionally bad, considering the Fed has been digging itself deeper by supplying just enough liquidity to keep Europe's financial structure from violently imploding.

Meanwhile, sharks around the world smell America's blood. China, Russia, Iran...

Have a lotto where the treasury department sends a check once a month to everyone whose last name starts with the letter drawn that month.  Like 5,000 USD each.  The economy will turn around so quick your head will spin Wink

That's a nice amount of Bitcoins Smiley

Sending out checks might work... but QE3 will just give the investment bankers more margin to short with.

Exactly. Favor debtors while destroying creditors and crippling the economy, or save creditors while murdering savers and obliterating society.

Martin Armstrong's Anatomy of a Debt Crisis does an excellent job of explaining the dilemma and how Julius Caesar was in the process of realizing a solution before his assassination. On this topic, I am in full agreement with Armstrong and Caesar - neither side can be satisfied fully in order for the structure to survive.
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 10:16:20 AM

Sending out checks might work... but QE3 will just give the investment bankers more margin to short with.

LOL, oh that's great and so dead on!
legendary
Activity: 1316
Merit: 1005
May 04, 2012, 10:11:42 AM
This is probably the funniest thing I've seen in a long time.  Not in Labor Force CATAPULTS itself off the Feds charts!  The real # is 88,419,000!  And this it the all knowing Fed that you expect to be able to CONTROL the economy?

Not "all knowing" and certainly not able to control the economy. The system is done. Over. Finished. The USD is a smoldering husk, as are all other fiat currencies. There is no way to stop or reverse this.

What is being done is misdirection; a parlor trick. The wool can be pulled over peoples' eyes enough that they either believe it, or don't know what to believe. At best, most citizens willingly comply, at worst they're shocked enough to do the same.

It's a massive illusion. Ask random people what they know about HFT. If they're even aware of it, it's almost guaranteed they don't know that it can toss prices in any direction desired - that it is being used to create a false representation, destroying genuine price discovery. The markets would scarcely exist without the banks & bots, not to mention gov't meddling. Those are virtually all that's left.

Look at today's jobs numbers. It's among the most blatantly fraudulent of statistical charades. Who understands this? Very few. In a world of constant over-stimulation, the voices of these few are not enough to rouse majority awareness in the short term.

If gold were to collapse, it would've fallen below production cost last year - below $1,000/oz. Instead we have greater global turmoil, secret presidential rendezvous in the Middle East, reports of detention camps across America, more nations in Europe fracturing, and perpetual histrionics from every corner of "authority".

With uncertainty about a nation, there comes uncertainty over its issued currency. Wouldn't you worry about your deposits if your bank's stock were to become volatile? I won't even get into the matter of gold avoiding the rat-race of yield-chasing.

Nothing is real.

Quote from: Milton Friedman
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion -- the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals -- the technique of the marketplace.
~Milton Friedman

Thanks to illusion and misdirection, the marketplace has temporarily been usurped by central efforts. Instead of guns, we have charts.
legendary
Activity: 1904
Merit: 1002
May 04, 2012, 10:10:04 AM

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.


you've spoken too soon on this part.

I don't think so.  The EE seems like its getting ready for another round of QE.  The biggest MM JPM is lightening up on its massive short position, probably in antcipation (or maybe direct knowledge) of QE3.

Bad econ data and JPM reducing its short= QE3 so far as I can tell.

it won't matter if he throws QE3 on the table or not, the cycles are telling you that it's time for another decline.  i'd even go as far as to say that if he does throw QE3 out there, it'll make it far worse.  sophisticated investors understand this can only work for so long.

Sure all ponzi schemes eventually blow up, but you and I will probably be dead before the USD blows up completely.  The market doesn't have to get pointed down much more and we will see QE3.  Personally I'd rather see the treasury just write checks to everyone, but not all at once.

Have a lotto where the treasury department sends a check once a month to everyone whose last name starts with the letter drawn that month.  Like 5,000 USD each.  The economy will turn around so quick your head will spin Wink

Sending out checks might work... but QE3 will just give the investment bankers more margin to short with.
legendary
Activity: 966
Merit: 1003
May 04, 2012, 10:06:15 AM

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.


you've spoken too soon on this part.

I don't think so.  The EE seems like its getting ready for another round of QE.  The biggest MM JPM is lightening up on its massive short position, probably in antcipation (or maybe direct knowledge) of QE3.

Bad econ data and JPM reducing its short= QE3 so far as I can tell.

it won't matter if he throws QE3 on the table or not, the cycles are telling you that it's time for another decline.  i'd even go as far as to say that if he does throw QE3 out there, it'll make it far worse.  sophisticated investors understand this can only work for so long.

Sure all ponzi schemes eventually blow up, but you and I will probably be dead before the USD blows up completely.  The market doesn't have to get pointed down much more and we will see QE3.  Personally I'd rather see the treasury just write checks to everyone, but not all at once.

Have a lotto where the treasury department sends a check once a month to everyone whose last name starts with the letter drawn that month.  Like 5,000 USD each.  The economy will turn around so quick your head will spin Wink
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 10:00:57 AM

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.


you've spoken too soon on this part.

I don't think so.  The EE seems like its getting ready for another round of QE.  The biggest MM JPM is lightening up on its massive short position, probably in antcipation (or maybe direct knowledge) of QE3.

Bad econ data and JPM reducing its short= QE3 so far as I can tell.

it won't matter if he throws QE3 on the table or not, the cycles are telling you that it's time for another decline.  i'd even go as far as to say that if he does throw QE3 out there, it'll make it far worse.  sophisticated investors understand this can only work for so long.
legendary
Activity: 966
Merit: 1003
May 04, 2012, 09:56:09 AM

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.


you've spoken too soon on this part.

I don't think so.  The EE seems like its getting ready for another round of QE.  The biggest MM JPM is lightening up on its massive short position, probably in antcipation (or maybe direct knowledge) of QE3.

Bad econ data and JPM reducing its short= QE3 so far as I can tell.
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 09:42:41 AM
The Dash for Digital Cash.
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 09:38:07 AM

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.


you've spoken too soon on this part.
legendary
Activity: 966
Merit: 1003
May 04, 2012, 09:36:23 AM
the economy is still exhaling.  and even with multiple additional rounds of QE, probably will still be exhaling, but at least a few short inhales can be taken with each round of QE Wink.

I'm glad to see that the PM's aren't following the market today, that correlation was starting to get worrisome.

Also glad to see BTC not correlating with AAPL's drop today either Wink.
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 09:30:37 AM
That chart is just another reason why we will see QE3 and a rise in PM prices..

do u not believe that things in life and nature cycle?  how about breathing?  is it one continuous inhale?
legendary
Activity: 966
Merit: 1003
May 04, 2012, 09:22:02 AM
That chart is just another reason why we will see QE3 and a rise in PM prices..
legendary
Activity: 1764
Merit: 1002
May 04, 2012, 09:02:37 AM
This is probably the funniest thing I've seen in a long time.  Not in Labor Force CATAPULTS itself off the Feds charts!  The real # is 88,419,000!  And this it the all knowing Fed that you expect to be able to CONTROL the economy?

legendary
Activity: 1764
Merit: 1002
May 04, 2012, 08:59:43 AM
Charge!!!!!!!!!



legendary
Activity: 1764
Merit: 1002
May 04, 2012, 08:58:04 AM
Down goes Panera Bread!  Wink
legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1316
Merit: 1005
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