Author

Topic: Gold collapsing. Bitcoin UP. - page 889. (Read 2032266 times)

legendary
Activity: 2044
Merit: 1005
October 06, 2014, 02:40:08 PM
Wow just looked at usdx.. looks like I was right about NFP sell the top event you can def see it in asian trading and then followed by a spike on nfp... good news is bad news bad news is good news if I feel like it this year.

Doc what was that number I pulled out on gold? That's probably the first target, 1310... after that we shall see.
legendary
Activity: 1202
Merit: 1015
October 06, 2014, 02:32:23 PM
in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue


thanks for your perspective.

there is a very popular saying in russia:
harshness of russian laws are compensated by slackitude of its enforcement.
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 02:24:53 PM
in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue


thanks for your perspective.
sr. member
Activity: 378
Merit: 250
October 06, 2014, 02:09:26 PM
in Russia they will not criminalize BTC and the likes.
It will be just fines, expensive for firms, but dealing with cryptomoney
is prohibited for legal entities in Russia anyway.
So all these moves and plans (law is in the stage of a project )
will not affect price of BTC strongly.
It is already prohibited , like everything there LOL
Dont look on this issue like  you all got used to in your nice western law abiding realm.
Russians dont give a fuck about laws, or otherwise they would be dead all together long ago  Tongue
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 02:03:34 PM
actually, i'm really glad i sold ZSL 4d ago even though i could've peaked it out Friday, as today's move in silver is strong and ZSL is already well below where i sold.  this could be a decent move for silver:

legendary
Activity: 1764
Merit: 1002
October 06, 2014, 01:59:33 PM
big daily swing low in silver. may go all the way up and touch resistance. it's time:


sr. member
Activity: 336
Merit: 260
October 06, 2014, 01:44:39 PM
he said the "the technology is cool, i have my doubts about the currency, but the technology will be around".

Sure, but he doesn't understand details of it, just the basics.
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 01:38:55 PM
...the underlying technology will stick around

The concept, not the technology.

he said the "the technology is cool, i have my doubts about the currency, but the technology will be around".
sr. member
Activity: 336
Merit: 260
October 06, 2014, 01:18:37 PM
...the underlying technology will stick around

The concept, not the technology.
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 01:14:43 PM
Jim Rickards on gold & Bitcoin (at the very, very end) with Matt Miller.  once again, somehow in so many ppl's minds, Bitcoin the currency is no good, but the underlying technology will stick around, lol:

http://www.bloomberg.com/video/fundamental-u-s-economy-is-very-weak-rickards-Rg8MTG81QFOIkRqJT6RuVQ.html
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 12:59:16 PM
we've moved into the window for an intermediate/weekly term low.  while my short cover occurred on 9/30 and was 3d too early, today makes me feel better, as we're getting a decent bounce.  the trick will be if we're forming a daily/short term bottom right now or going to get another push down further into the weekly/intermed term bottom.  nothing has changed in the longer term bearish outlook assuming the top was 1923.  we'll see:

newbie
Activity: 55
Merit: 0
October 06, 2014, 12:44:39 PM
gold will be replacing bitcoin?  Smiley
legendary
Activity: 4760
Merit: 1283
October 06, 2014, 12:40:26 PM

My guess is that we are now in a phase where non-economic actors (e.g., govts) and large players (e.g., Winkle-types) can cooperate.  The latter needs the former to make their operations possible and the it would be in the interest of the former to limit the body-count of persons interested in the solution, it being significantly disruptive.

We've had 3 quarters of time for the fruit to ripen on the tree and it was time for a good shake.  Hopefully this will set the stage for some capitalization on the upside finally.  At least when it is all over which I'm hardly convinced of.  I'd been prepared for $250-ish, but it was just a round number I invented on the fly with no particular insight or analysis.

An alternate theory (perhaps shot down in other analysis, and I'm not following things all that closely) is that the latest Russian criminalization forced some whales to simply throw in the towel in the most expedient and straightforward way possible, and some of their counterparts in other locales mopped the BTC up.  If/when such criminalization happens in the West it will be very interesting to watch.  At that point there probably would be no venue in which to create a wall.

legendary
Activity: 1764
Merit: 1002
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 11:52:00 AM

Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG

A way to fool investors into thinking company is doing well and hit the management internal target for stock option.

Something like that; a correct financial operation at best; for exemple, Lehman Brothers was buying back its stocks before collapsing
From a total return perspective, companies are as bad timers as the average investor. Mergers and Acquisitions tend to peak with markets too. Both indicate exhaustion of profit opportunities in the broad economy.

http://blogs-images.forbes.com/jessecolombo/files/2014/07/buybacks.png

EDIT: sgbett beat me to it.  Smiley

great graph

Companies buy their own stocks when it is high, and don't when it is low?

are companies supposed to be smart?

they're kinda like central banks...
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 06, 2014, 11:50:21 AM

Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG

A way to fool investors into thinking company is doing well and hit the management internal target for stock option.

Something like that; a correct financial operation at best; for exemple, Lehman Brothers was buying back its stocks before collapsing
From a total return perspective, companies are as bad timers as the average investor. Mergers and Acquisitions tend to peak with markets too. Both indicate exhaustion of profit opportunities in the broad economy.

http://blogs-images.forbes.com/jessecolombo/files/2014/07/buybacks.png

EDIT: sgbett beat me to it.  Smiley

great graph

Companies buy their own stocks when it is high, and don't when it is low?
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 11:08:18 AM

Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG

A way to fool investors into thinking company is doing well and hit the management internal target for stock option.

Something like that; a correct financial operation at best; for exemple, Lehman Brothers was buying back its stocks before collapsing
From a total return perspective, companies are as bad timers as the average investor. Mergers and Acquisitions tend to peak with markets too. Both indicate exhaustion of profit opportunities in the broad economy.

http://blogs-images.forbes.com/jessecolombo/files/2014/07/buybacks.png

EDIT: sgbett beat me to it.  Smiley

great graph
legendary
Activity: 1764
Merit: 1002
October 06, 2014, 11:07:37 AM
looking good:

legendary
Activity: 2576
Merit: 1087
October 06, 2014, 10:02:42 AM

Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG

A way to fool investors into thinking company is doing well and hit the management internal target for stock option.

Something like that; a correct financial operation at best; for exemple, Lehman Brothers was buying back its stocks before collapsing
From a total return perspective, companies are as bad timers as the average investor. Mergers and Acquisitions tend to peak with markets too. Both indicate exhaustion of profit opportunities in the broad economy.

http://blogs-images.forbes.com/jessecolombo/files/2014/07/buybacks.png

EDIT: sgbett beat me to it.  Smiley

hehe, nice to have a consensus Wink

plus you got the cool graphic to support it
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
October 06, 2014, 09:49:27 AM

Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG

A way to fool investors into thinking company is doing well and hit the management internal target for stock option.

Something like that; a correct financial operation at best; for exemple, Lehman Brothers was buying back its stocks before collapsing
From a total return perspective, companies are as bad timers as the average investor. Mergers and Acquisitions tend to peak with markets too. Both indicate exhaustion of profit opportunities in the broad economy.

http://blogs-images.forbes.com/jessecolombo/files/2014/07/buybacks.png

EDIT: sgbett beat me to it.  Smiley
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