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Topic: Gold collapsing. Bitcoin UP. - page 803. (Read 2032266 times)

FNG
hero member
Activity: 588
Merit: 500
October 31, 2014, 11:47:15 AM
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you just weren't born into the right family.

Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed
Ditto.

There does seem to be a correlation between bitcoin and becoming an ex-pat. Even if the decision was made before the fact.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 31, 2014, 11:23:52 AM
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you just weren't born into the right family.

Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed
Ditto.
FNG
hero member
Activity: 588
Merit: 500
October 31, 2014, 11:23:16 AM
-

you just weren't born into the right family.

Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 31, 2014, 11:14:18 AM
Armageddon confirmed by the fact that all market action is driven by the central planners.

Calling it a market is humorous at this point.  "Guess what the central banks will do next" seems like a better name for this circus

Musical chairs continues
The Federal Reserve official anthem: http://www.youtube.com/watch?v=zjedLeVGcfE
"The Show Must Go On" - Leo Sayer
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 11:01:56 AM
for the doom and gloomers who are into fractals, take heart in the Megaphone formation that appears to be similar to that of the 2007-8 period.  it's all in the eye of the beholder!

legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:55:16 AM
i've been wrong in calling the bottom, for so long in terms of what seems to be an interminable decline (only 11 mo really), that it can't hurt anymore than it already has by calling the bottom yet again:

sr. member
Activity: 336
Merit: 260
October 31, 2014, 10:53:57 AM
The higher all the pumped paper rises, the harder it falls.
legendary
Activity: 1400
Merit: 1013
October 31, 2014, 10:50:13 AM
Armageddon confirmed by the fact that all market action is driven by the central planners.

Calling it a market is humorous at this point.  "Guess what the central banks will do next" seems like a better name for this circus

Musical chairs continues
The Federal Reserve official anthem: http://www.youtube.com/watch?v=zjedLeVGcfE
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:49:39 AM
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you just weren't born into the right family.
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:46:51 AM
here's what a little QE moral hazard BS buys you these days.  the apparatchiks are firmly in control:

FNG
hero member
Activity: 588
Merit: 500
October 31, 2014, 10:46:22 AM
this is actually very bad news for all the doom and gloomers; the Dow Theory non-confirmation that was never confirmed, didn't get confirmed, and in fact is off the table.  sorry, no Armageddon:



Armageddon confirmed by the fact that all market action is driven by the central planners.

Calling it a market is humorous at this point.  "Guess what the central banks will do next" seems like a better name for this circus

Musical chairs continues
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:33:58 AM
this is actually very bad news for all the doom and gloomers; the Dow Theory non-confirmation that was never confirmed, didn't get confirmed, and in fact is off the table.  sorry, no Armageddon:

legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:29:31 AM
Quote from: cypherdoc link=topic=68655.msg9394643#msg9394643
imo, once again, this will be good for Bitcoin.  just be patient!:

I hope so, but to me they seem more positively correlated than not.

i won't deny that, lately.

but the long term divergence is still present and we're still all the way up at 339 which is pretty good depending on your entry point.  think of it this way; some how the world economy continues to progress and develop despite all the shenanigans going on with the world elite and financial system.  i think they will have to resort to greater efficiencies enable by Bitcoin to keep the whole game rolling forward and avoid Armageddon.  gold and silver plunging tells me that this will happen; eventually.
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:26:15 AM
oh Lordy:





and i weep.  but i can't complain having made plenty on the last ramp of these 2:



legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
October 31, 2014, 10:25:58 AM
Quote from: cypherdoc link=topic=68655.msg9394643#msg9394643
imo, once again, this will be good for Bitcoin.  just be patient!:

I hope so, but to me they seem more positively correlated than not.
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 10:21:42 AM
flat out, no holds barred, sell signal.  gold breaks the intermed term, multi month descending triangle to the downside on high volume.

imo, once again, this will be good for Bitcoin.  just be patient!:

legendary
Activity: 1400
Merit: 1013
October 31, 2014, 08:54:54 AM
Back to the gold topic.

There is a referendum in Switzerland, in November, which is likely to secure a yes vote that the SNB holds 20% of its assets in gold (currently at 7.6%). As soon as this passes the bank will have five years to reach the 20% target. There is no legal escape for it. Considering that the SNB balance sheet has recently blown out Fed/BoE/BoJ-style - it will have to buy up to 1,700 tons of gold in the open market - and take delivery!

http://www.zerohedge.com/news/2014-10-28/things-make-you-go-hmmm-swiss-gold-status-quo-showdown

I really think this will put a floor under the current gold price, and maybe even spark another medium-term rally.


Will be interesting to watch the weasels at the SNB try to wriggle out of it ... after the shit they pulled with the EUR peg anything is possible.

Shit is being pulled again! Seems like this...

 ...On the top floor of PayPal HQ the legendary Black Phone is ringing...
 Nervously the execs crowd around until one of them summons enough courage to pick up the receiver.
 There are no pleasantries, a voice just hisses: "Remember Wikileaks? Now its the Swiss Gold Initiative"
 Drrrrrrrrr. The caller has hung up, the unseen world bankster network hath spoken.

https://goldswitzerland.com/swiss-gold-initiative-2014/

Quote
On Wednesday, October 29, we have received notification from PayPal that they can no longer receive donations on behalf of Matterhorn Asset Management AG. The reason is that we are not a formally registered charity in Switzerland and that we must seek a different approach to raising funds for this extremely important Initiative campaign. During the past two weeks we have received donations from various parts of the world and many from the United States of America. We and the Initiative Committee, chaired by Luzi Stamm of the Swiss National Parliament, are extremely greatful for the contributions that we have received to date and this setback will not stop our effort and our commitment to go through with the Social media promotional campaign that will in fact start on November 1 in Switzerland.

Anyone else get the feeling they might not keep the powder keg from blowing this time around?
legendary
Activity: 1764
Merit: 1002
October 31, 2014, 06:23:16 AM

I can't take credit for it. Got it from JR. Although quite appropriate.

And for once, i like the picture Lamb chop!
legendary
Activity: 2324
Merit: 1125
sr. member
Activity: 378
Merit: 254
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