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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.
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i have an old macbook i'd be willing to donate if you'll pay shipping. 2 in fact.
edit: you know kids these days; gotta have the latest.
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yes, thanks for that diagram. i'll bet most of us have never seen it. I bet not, considering I literally just drew it in KolourPaint real quick :p thanks for that. Luke, as much controversy as we've had, i would like to say we all still appreciate your work. |
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if your theories about debt were all so good, why are we having so much suffering around the world right now? look at Greece, Ireland, Iceland, other PIGS, and even our debt problems here in the US?
why have we had 2 major stock crashes in the last 12 y and a bursting of a major housing bubble which has impoverished so many Americans and is starting to do the same in Australia, Canada, and China?
why are so many ppl willing to invest in the Armageddon trade of gold/silver? is it perhaps b/c all that money printing you advocate is devaluing their money?
I also do not understand all these, but I remember that I posted before, wealth is not money, financial crash do not destroy wealth, it's only a redistribution of money, it is caused by the cycle of tightening - easing - tightening, the root cause behind all these is that central bank want to keep the inflation rate and jobless rate low, but their action is much slower than the real market development, just like auto fan control always lag the real temp change. In this process many economy activities will be affected negatively, thus impact many normal people's life. If they tighten for 3 month and ease for 3 month, randomly, then I think there will not be so much huge impact, people can not expect fed's next movement, and they will focus more on fundamentals Just one thought, since FED has printed 4x more money since financial crisis (Normally 10% more each year is quite significant) to buy those mortgage, it means there are plenty of excessive mortgage, those mortgage were designed to be paid back during next 20-30 years, if you look at 20-30 years money supply, then 4X money supply is not that much. Actually the way they print money to hold the price of mortgage means that housing will not like other goods follow the market rule (supply and demand), it will stay at relatively high price and act as the main consumption for each household. use house to attract the whole nation keep working, smart idea BTW, I'm shorting both silver and gold, because I think fundamentally they do not have too much use actually i do understand the answers to my own questions; i was just being rhetorical. we're having all these problems and crashes b/c the money printing is falling way behind the debt contraction/defaults/restructuring. don't forget all these debt dollars were used to inflate all these assets over the last 40 yrs and we have hit the tipping point. and no, housing prices will not stay elevated. they are going to contract much more as the loans default. join the pm short train.  |
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confused. whats the diff btwn this and the recent 0.5.3.1?
 The blue branches only get fixes. The red one gets new features, changes, etc as they're developed. The green one is the critical vulnerability fix for 0.5.3.1 yes, thanks for that diagram. i'll bet most of us have never seen it. |
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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.
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Apple's making a break for the door.
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confused. whats the diff btwn this and the recent 0.5.3.1?
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i had a big day from the short side today. there were all sorts of problems going on in the market away from Apple. its only a matter of time before they roll too. |
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I'm interested (without prejudice; I don't have a horse in this race), how Apple's recent decision to start buying back stock and issuing dividends affects your analysis?
Won't their buying push the price up?
red herring. these type of announcements always occur at tops. JPM did the same. classic mistake of buying high and selling low. |
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GDX breaks below major support level. AAPL making the turn lower.
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+1
Hey my friend, you haven' given me any love yet for my 10/6/11 call that stocks would clear the May highs. i only ask cuz you publicly disagreed with me at the time.  |
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its important to view pm's in the context of the economy as a whole. which is why you see me constantly talking about other markets besides pm's in my blog and in my posts here. pm's are affected by these other market movements. Bitcoin is even one of those markets that i believe has significance. when i called the bottom of the stock market correction here on Oct 6th, 2011: https://bitcointalk.org/index.php?topic=35956.msg560220#msg560220 i even went as far as to project a move up and beyond the May 2011 highs in the Dow. seems so long ago. we reached it and was one of the greatest calls of my career. when i made that call even then i knew i would be looking for a particular setup in markets once this was accomplished as now which would indicate a top. specifically divergences among other things. we have that setup now. once stocks roll, and it could even start tomorrow, i think there's a good chance we go all the way down to revisit March, 2009 and perhaps lower over the next 4 yrs. if we do, what do you think will happen to pm's and their stocks? they will plunge below $500 i believe. go back and review what happened to pm miners in 2008. carnage. the gold price dropped but it wasn't catastrophic. this time i think it will be worse b/c we're at the end of a 12 yr bull mkt. this wil be THE BIG ONE. inflationists and pm bulls will say that the Fed will just print and won't let markets go down. i ask; why did they let us have 2 devastating stock crashes in the last 12 yr and a housing implosion? |
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