Topic: Gold collapsing. Bitcoin UP. - page 1537. (Read 2032281 times)

no it wasn't.  i've made it very clear in many posts that it was physical.  i truly believe in what i say.

You're a genius.
I bet the silver you sold at $49 was a paper one, wasn't it?

Anyway, good luck with in the future - you're going to need it in the paper market.
IMO, pretty much soon...

9 days early in a 11 yr bull mkt for gold and thats a bad call?  really?

silver has dumped way more.  do i get credit for that?  any comments on the other calls?

Considering the massive volatility and the fact gold was no where near the top at the time, I have to say yes. It didn't drop back down until September. So it was too early to short.

i said to short gold 9d before the top here.  how is that "far too early"?: https://bitcointalksearch.org/topic/gold-i-smell-a-trap-35956

its had several devastating drops since then which one could've profited by shorting.  

i also made it publicly clear in that same thread when i sold silver at at $49 and at an avg price of $44 last May.

i also called the top in the pm miners here: https://bitcointalksearch.org/topic/m.522374

here was a nice appreciative poster back on 9/23/11: https://bitcointalksearch.org/topic/m.541769

i also said to cover those same pm shorts as well as go long stocks here.  this is important to understand for those who insist on just connecting the points btwn 8/9/11 and now to say i was wrong: https://bitcointalksearch.org/topic/m.560220

miscreanity has an incredible understanding of the commodity markets, i agree.  but here he had the decency and kindness to say some nice things about my calls from the old thread.  you were in the middle of those same discussions.  why do u see it differently?: https://bitcointalksearch.org/topic/m.810486

its also important to understand other markets besides commodities as well.  understanding the criminal mind of a Wall St trader helps too.

i trade more technically and tend not to analyse the excruciating details of commodities like miscreanity.  there's just too much info to digest and you will never know it all.  i'm pretty good at most fundamentals though.  but if you are a fundamentals type trader or don't believe in technicals, my service would not be for you.

Still long SPXU, and interested in a subscription service.  2.5 BTC a month would be affordable for me.  If nothing else, I'd drop my waveaddict subscription for yours.  Bitcoin is starting to get boring, and I've got to do something with my retirement account anyway.

I was just told that the disaggregated Commitment of Traders report (http://www.cftc.gov/dea/futures/other_lf.htm) includes some double counting for the spread trades and can be a bit inaccurate. Does anyone have information on this or are the spread positions in the reportable categories accurate? I'm hoping someone might know a little more about this.


I'm not saying you are being deceitful and I'm not trying to be deceitful but from what I remember you told everyone to short gold far too early. Do you have the links to the posts to back it up? I guess that's probably too much hard work to find those.

You say you have "experience, intuition, and knowledge of financial markets" but do you specifically in commodities? miscreanity seem to understand commodities quite well but you've not impressed me what what you have had to say. You appear to mostly look at charts.

Feel free to destroy what I've said.

what if i just charged what waveaddict does?

I'd be interested.

About pricing: the BTC 5 s3052 is charging seems too high for me and I think I'm not alone. There's quite a few people (me included) that cannot easily make this up even with good trading decisions.

Maybe you could consider to become the subscription service with the "best value per buck"? You'd surely have more followers with a low price.

Which suggests gold is rising in other currency terms - globally. It's a ratcheting effect that rebounds back to the USD, resulting in higher gold prices denominated in dollars as well.

Direct relationships are just the surface; the majority of activity is indirect. As cypherdoc would point out, it is critical to think non-linearly.

Kitco has an excellent explanation, though it is limited only to gold.

The dollar index just measures the relative value of dollars to other currencies, the other currencies are all inflating also.  Its just a measure of the relative rates of change.  Lately its been going up a bit because they are printing Euro's faster then before.  But all the currencies in the basket are inflating fiat systems.  Gold can only rise against fiat that is being inflated.  

It always makes me wonder when peeps think that a rising dollar index means gold should go down, it doesn't.  It just means that someone else is printing even faster then the USD.

Bitcoin's tiny economy will naturally be tossed around relative to financial pools; don't forget USD - even gold's market is miniature by comparison today.

Date		Value
03/13/12		80
03/28/12		79

Down ~1.2%

It's critical to keep in mind that we're near not only the end of the week, but the month, the quarter, and the delivery notification day for a major gold (paper) contract delivery month. The question that should be asked is: how much metal is in the warehouses compared to the number of delivery requests? Bitcoin has no such concerns yet, but the principles would apply exactly the same way if there were a similar contract settlement system.

Functionally: Bitcoin == Gold

What happens to one, happens to the other. Only when they compete directly will there be an inverse relationship. That situation will eventually arise when fiat fraud is marginalised, not before.

i'd like to start a subscription service similar to the other 2 guys on this forum.  i would charge whatever they are (haven't looked) and would send out emails 3x per week with charts etc.  I could supplement here too if thats what ppl want.

it would be based on my cycle theory combined with my years of experience, intuition, and knowledge of financial markets.

i would follow Bitcoin, gold/silver, stocks, commodities, and bonds.  for anyone who's followed my recommendations since the 8/11 gold thread can see that i've called every major corner in stocks, gold/silver, miners, etc, since then.  this has been no small feat.

is there any interest in this?  either indicate it here or in a pm to me.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 3/28

Bitcoin 4.76   (down ~12%)

Gold 1670  (down ~1%)


I fail to see how a GIGANTIC 1% pull back is getting DESTROYED. 

pulling back from 620 to 615 is falling sharply?? 

see that huge dump in gold right there?

THIS is why i think it will never exceed the Aug 11 highs when i called the top.  it has no guts to stand up to a dump in stocks or a rise in the USD as we're seeing today.  and if i'm right that we're entering a cyclical downturn in stocks, its gonna get real ugly fast.

edit:  how long are u  pm miner bulls gonna take this carnage?  getting destroyed.

tell me that you didn't capitulate and sell your SPXU.

no more marching

To stay there, not fall sharply afterwards.

as is gold and silver.

its just a matter of time.