Topic: Gold collapsing. Bitcoin UP. - page 1533. (Read 2032281 times)

Don't look now but i see this as a huge potential problem for your thesis:

http://www.federalreserve.gov/monetarypolicy/fomcminutes20120313.htm



So 90% for more monetary inflation. Jeffrey Lacker voted against a similar statement last time for pretty much the same reason. Nothing changed, yet I'm reading articles that are saying the new FOMC minutes is new bearish news for gold? Nothing is different and 90% of the committee agree to keep rates super low.

LOL, sounds good to me!

Because they're trying to force a slow sideways correction rather than a quick selloff.  Either way, after the bears are satisfied (still a little way off IMO), we can probe 7.2 again.

why has the # of Bitcoins for bid more than doubled @ $4.60 since it first went up the other nite?

Not according to this.  Oh wait...:

You gotta love how they declared a dividend at the top. Classic 

Same thing is about to happen to Apple and soon.

new yearly lows in NEM:

so just why is it that gold/silver have no guts w/o further QE?  is this how u want to invest; based on what Ben does?

you will soon see just how illiquid bullion can be.

my subscribers have been getting my warnings.

oops

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The following is courtesy of KingWorldNews.com:

Today legendary trader and investor Jim Sinclair told King World News the gold market has turned into a coiled spring that will be extraordinarily explosive on the upside.  Sinclair also said that central banks have been aggressively accumulating gold because it is going to part of the monetary solution.  But first, here is what Sinclair had to say about the gold market:  “The attempt to keep (the gold market) from moving higher, creates, by nature, a spring, a coil as it were in markets.  If the spirit of the gold market could have been broken, it certainly would have been broken down at the $1,500 level.  This thing is turning into a spring, into a coil, and when it goes it’s going to be something to behold on the upside.  Both in the shares and in gold itself.”
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My observation over the years is that when we have a year or so of chop, the last few months of the chop fall below the preceding trend line, then a new trend line with a greater slope comes into existence.  Looks to me like we are getting to toward the end of this latest choppy pattern.

One way or another Sinclair was, by happenstance, one of the first people in the PM space who I started paying attention to, and in spite of his 'outlandish' claims that gold would hit $1650 which most people wrote off as completely bonkers at the time.  Even if he does make a wrong call and I take a hit by listening to him it is most unlikely that it would erase more than a minor fraction of the gains which I can thank him, in part, for my realizing.

Sinclair is the guy who rode the last bull and stepped off at the top of the market in '80.  I don't know if he was as free with his information and advice at that time since I was not around, but the guy seems to have an understanding of the markets.  Does he have other motivations?  It would be foolish to ignore the possibility.  The same could be said for the provider of any financial advice however.

get ready:

sorry, one flip short.  heading down and right.

LOL

So true! 

4.2