Gold collapsing. Bitcoin UP. - page 1517.

cypherdoc

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Quote from: silverbox on April 24, 2012, 11:05:18 AM

Its almost like the market is expecting bad earnings.. Embarrassed

http://www.zerohedge.com/news/apple-angst-expectations-remain-extreme

these are high expectations.

fundamentally its clear that the global economy is slowing and their earnings will slow. that won't stop pump monkeys from ramping the stock after earnings however.

technically, according to my cycle theory, we still have more downside to go before this daily trading cycle is complete in the Dow. if Apple were to pop from earnings it would drag the Dow up with it invalidating the cycle. thus, i am going to stay short. i can sustain a ramp back up as i have done really well the past couple of weeks.

good luck everyone. this is indeed an important earnings report.

waveaddict

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I would be very careful holding an apple short into earnings. I actually lightened up my short a little bit in anticipation of a little pop that I would just short into again. Still holding a very heavy short position though since popping bubbles are highly unpredictable.

My argument is from a charting perspective:

As of this moment, the structure off the top is only 3 waves (corrective) and the 2nd wave up isn't really divided into 3 noticeable waves which brings up the possibility that we are dealing with a running flat right here (if the price is destined to head a lot lower) and that we are currently in the B wave down before a quick C wave back to $600 - $610 before the real carnage begins in a larger degree wave 3/C down that should take us to the daily 200sma at around $450.

silverbox

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Its almost like the market is expecting bad earnings.. Embarrassed

cypherdoc

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Charge!!!!!!!!!!!!!!!!!!!!!!!!!!!

cypherdoc

legendary

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Quote from: silverbox on April 24, 2012, 10:30:13 AM

UP up UP up!!

cept Bitcoin and AAPL..

Probably they are correlated!! Shocked

LOL! All that matters is my 10 BTC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

silverbox

legendary

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UP up UP up!!

cept Bitcoin and AAPL..

Probably they are correlated!! Shocked

miscreanity

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Fed meeting conclusion and statement this week, Wednesday. Getting a chubby over a $10-15 move down in gold before then earns you a cold shower.

Can't let dollar evaporate too quickly. Can't let gold rise with stocks. Can't let equities plummet. Surgical precision impossible in the world's massively interconnected financial system. Multiple factors reducing maneuverability and more are appearing.

All hands on deck, brace for impact. Nobody is to know what happened or is happening. Confidence and faith must be maintained at all costs.

Bracing = accumulating gold, mining stocks, and real assets like land and oil.

Fundamentals always overwhelm technicals at the end of the cycle.

It's every man/institution for himself financially.

bitcoinBull

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rippleFanatic

I'm not sure why I didn't think much of it before, but the bitcoin bubble last year started inflating almost *exactly* when the silver bubble burst. I don't think that was coincidence.

Whatever correlation there may be with gold is less clear. Waiting for more data...

MatthewLM

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Quote from: silverbox on April 23, 2012, 10:58:30 AM

Bitcoin got hammered all weekend Tongue

It went up a lot on friday and simply went back down.

silverbox

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Bitcoin got hammered all weekend Tongue

The markets are just catching up to the signal sent by BTC's pounding Wink

SkRRJyTC

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Quote from: cypherdoc on April 23, 2012, 10:53:39 AM

Quote from: silverbox on April 23, 2012, 10:29:27 AM

Everything is getting hammered today Shocked

except Bitcoin Cheesy

+1

I didn't see it (gold down bitcoin up) at first, but now I do.

Very nice.

Not so sure about your AAPL bet however Wink

cypherdoc

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Quote from: silverbox on April 23, 2012, 10:29:27 AM

Everything is getting hammered today Shocked

except Bitcoin Cheesy

cypherdoc

legendary

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Quote from: silverbox on April 23, 2012, 10:29:27 AM

Everything is getting hammered today Shocked

hmmm, didn't someone around here have a theory about why that might happen?

silverbox

legendary

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Everything is getting hammered today Shocked

cypherdoc

legendary

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iz it tim yet?

cypherdoc

legendary

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Sisyphus raises his hand...

miscreanity

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Quote from: tvbcof on April 20, 2012, 02:14:25 AM

Maybe like that Dorian Grey story. QE is keeping up some appearance of health and vibrancy, but behind the facade the actual corpus is decomposing to a thoroughly putrid state.

Actually, as I remind myself of the story by looking it up on wikipedia http://en.wikipedia.org/wiki/The_Picture_of_Dorian_Gray, I think it more fitting to consider the reserve currency status of the USD as the mojo which allows various malfeasance...including QE. So to slightly re-arrange the wikipedia text:

"Bernanke's wish is fulfilled, plunging him into debauched acts."

Dorian Gray, scarily apropos - I like it!

Quote from: cypherdoc on April 20, 2012, 07:09:35 PM

Wo ho ho!!! Cheesy

we're comin for ya baby!:

Sooner or later you're just going to have to admit that what one does, the other approximates - like the dynamic between gold and silver Tongue

Now about that mystery miner...

MatthewLM

legendary

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Cypherdoc is obviously right. The US government is going to reverse their deficit very soon:

No need for inflation to monetise debt. But if the government doesn't drastically cut spending to balance the budget then they will default obviously because the federal reserve wont do as it's supposed to...

http://www.youtube.com/watch?v=q6vi528gseA

And all other governments are obviously going to follow by balancing the budgets and allowing banks to fail. They will use a deflationary fiat system and will not return to a gold or silver standard. Governments obviously hate inflation, they hate banks despite either being made up of bankers or receiving a lot of lobbying/political donations from banks and they hate deficits.

It's so obvious, why didn't I think of this before!

http://www.bloomberg.com/news/2011-11-15/bernanke-bludgeons-china-with-inflation-as-currency-war-intensifies-books.html

http://www.youtube.com/watch?v=JyQo_UiK9Mw

http://www.youtube.com/watch?v=y4QkSO9eAZc&t=2m10s

cypherdoc

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Quote from: silverbox on April 20, 2012, 07:01:15 PM

Quote from: cypherdoc on April 20, 2012, 06:53:51 PM

Quote from: silverbox on April 20, 2012, 05:42:54 PM

lol. type it up!

I'll probably wait till monday Wink

LOL! every time i get a little progress on the gold price you're ready and willing to hit me over the head with those stats! now that i closed the gap and blew threw it, where the hell are they? i want them now!!! Cheesy

lol fine

this thread was started 3/13

Bitcoin 5.40

Gold 1690.

today 4/20 (toke up johnny.. Dick Clark is dead)

Bitcoin 5.35 (down ~1%)

Gold 1642 (down ~3%)

Gold still hasn't collapsed.

BTC still isn't up. (almost thu, puff puff pass!!)

Wo ho ho!!! Cheesy

we're comin for ya baby!:

silverbox

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Quote from: cypherdoc on April 20, 2012, 06:53:51 PM

Quote from: silverbox on April 20, 2012, 05:42:54 PM

lol. type it up!

I'll probably wait till monday Wink

LOL! every time i get a little progress on the gold price you're ready and willing to hit me over the head with those stats! now that i closed the gap and blew threw it, where the hell are they? i want them now!!! Cheesy

lol fine

this thread was started 3/13

Bitcoin 5.40

Gold 1690.

today 4/20 (toke up johnny.. Dick Clark is dead)

Bitcoin 5.35 (down ~1%)

Gold 1642 (down ~3%)

Gold still hasn't collapsed.

BTC still isn't up. (almost thu, puff puff pass!!)

Topic: Gold collapsing. Bitcoin UP. - page 1517. (Read 2032274 times)