Topic: Gold collapsing. Bitcoin UP. - page 1544. (Read 2032281 times)

You will probably have to change the thread title.

Gold collapsing. Bitcoin collapsing.

oh my.

I think we are going to get one...

Im going to have to eat my words today I think

ok, it was the Chinese PMI:

Chinese PMI as tracked by HSBC/Market (not to be confused with the other PMI, tracked by China itself, which will likely show expansion, like last month), came and printed at 48.1, down from 49.6, and representing a 5th consecutive monthly contraction for the Chinese economy.

normally the mkt wouldn't react to negative news like this.  however, if we've topped, as i think we might have, all rips on negative or positive news should be met with selling/shorting.

did u guys see that?

just the last few minutes the Dow, oil, gold, and silver futures took a dump straight down.  of course the $DXY went straight up.  something must've happened in Europe.  anyone hear anything?  i don't know.

tomorrow will be REAL interesting.

Really need a 2nd down day for a solid confirm imo.  That was a pretty anemic confirm

http://www.zerohedge.com/news/dumb-money-refuses-be-dumb-money-yet-another-week

this is why i don't fear a stock mkt crash.  the only ones left to lose everything are the "smart money" who are all in long.

in fact, i would welcome a crash to clean these boys out once and for all.

Apple indeed confirmed the bearish hanging man from yesterday in the end. Once many people want to exit Apple and stock market longs, the door is narrow, and many won't get out before we are down a LOT.

as subtle a down day as today was in stocks, this was extremely bearish IMO.

to be sold off like that in the last 10 min is a typical move by the professionals who usually don't trade until the last 2h.

pm's are at severe risk right here as they are just following stocks.  if AAPL bites the bullet like is imminent, you'll get a severe downdraft in the metals.

edit:  my triple lever bear etf's are soaring in AH's right now.  look out.

Apple's making a break for the door.

$TRIN spike.

boots and cats and boots and cats and boom boom tsk boom boom tsk

tsk, tsk.

Maybe tomorrow, or next week, or maybe April...

Oh my

Agreed.


This isn't exactly 2008 - both comprehension and sentiment have transitioned from belief in the integrity of American finance to growing awareness of its fallibility. It's taken longer than I thought it would (damn lack of transparency making me underestimate liquidity magnitudes), but it's still happening at an accelerating rate.

Paper gold prices may plummet eventually, but physical gold cannot. Until that separation (which is a strong possibility, but not guaranteed) where the illusion truly has no bearing on reality, the undercurrents (real asset deflation, monetary inflation) continue to grind average investors up.




I can't claim to know their minds, but that isn't necessary. Just from observing behaviour, it's easy enough to see the reactionary nature that panicked when each of those events occurred. Martin Armstrong has suggested that the world's leaders are like scared children, unsure of what to do whenever these crises erupts, so they typically choose the most perceptually-expedient yet detrimental course of action (i.e. make it look like you're doing something).

Behaviour is a very difficult thing to change. So from that point of view, they didn't "let" those things happen any more than a person "let" himself get cancer. In this instance, the Fed has been playing with carcinogenic financial instruments and policies while telling everyone there's no danger, then feigning shock when symptoms developed.


Indeed

A hanging man isn't a guarantee of anything so yes, you need to look at tomorrow.

In the same APPL chart above, there is a small hanging man on March 1, 2012 which led to a -5% decline over the following 3 days. The next turn in APPL will likely be bigger...

Today I learned...  I hadnt been looking for hammers as reversals but as continuations in an uptrend... turns out its the opposite...

Thanks

Typically, yes. Of course there are always some exceptions possible, but probability is high for a turn.
This turn has to be confirmed by a down day or at least a dark candle tomorrow.