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15581  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 04:05:28 AM
My Main Man Miscreanity.  i've been holding my breath waiting for you to show up.  now its time for my head to hurt!

you're the only one who's opinion i value around here even if i don't think its right!

give me a bit to get my head together and i'll consider starting up our heated discussions once again.  not sure i want to. Wink
15582  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 03:50:15 AM

I don't see any proof that you were "more right":
 

i started that thread on Aug 9, 2011 gold hit $1782 and was 1.5 wks before the top.  who do you know who called it that close?

its had several devastating drops since then which i profited by shorting.  you're also seeing a series of lower highs and lower lows.

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://bitcointalk.org/index.php?topic=35956.msg522374#msg522374
15583  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 03:27:16 AM
I believe with silver dollars, an ounce of silver was equivalent to $1.29?

Looks like it was the USD that crashed, silver no.

i could just as easily say that if you invested at $49 per ounce of silver, you've suffered greatly.

Matthew; are you prepared for a generational ramp in the USD from the next deflationary wave?  everyone understands inflation.  hey, just print.  

Deflation is the more difficult argument to understand but you have to for your health.  there's even a thread over on Economics right now by a poster trying to understand its dynamic.  i suggest all of you read it. my original gold thread explains it even better.  

just look at the futures right now.  they explain it all; $DXY up, everything else down, stocks, gold, silver, oil.
15584  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 02:59:46 AM
Problem with Silver is people have no clue that its actual real money.


i'm sure there is nothing i can say to convince you otherwise.
15585  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 02:36:06 AM
The silver chart is busted?


yes it is and badly so.  who's been more right since last August, your experts or me?  the only chart not completely busted in the pm space is gold but soon it will be too.  everything else has been destroyed; majors and junior miners and silver itself.

you don't realize it yet but you already had your parabola; last August.
15586  Economy / Speculation / Re: walls got herpes on: March 20, 2012, 02:28:06 AM
treatment is needed before wee see a kiss again

hey, you're using my analogy! Wink
15587  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 02:25:19 AM
The experts say that if gold was in a bubble, mining stocks would be doing extremely well. That's a point to make out.

The thing about mining stocks is that they are much more risky but can potentially give high returns if you know which ones to pick (When looking at explorers in particular). Buying physical gold is the safe option.

how much punishment are you willing to take?  i'd advise you to go back to my original gold thread and read about the primacy of the USD and how it affects all assets including gold/silver.

the silver chart is BUSTED.  it leads gold.  don't be a hero.
15588  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 02:19:22 AM
To me PM mining stocks are just more pieces of paper and I've thus got close to zero interest in them.  I toyed with the idea of doing some short term gambling with them but then I became aware of Bitcoin (as a way to lose all my speculative investment.)  Bitcoin fits the speculation need nicely, and has the added benefit that my assets are completely within my control and the technology itself could change the world for the better in certain circumstances.
+1
With bitcoin, who needs mining stock?
Good PM mining companies are far and few between. There are too many crooks in this field, many are so-called "life style" companies, management team maintains their luxurious lifestyle at the expense of share holder values and stock dilution.  

but i can tell you from my Gold Thread back in August that many of my critics, some of whom are showing up here again like Matthew, were heavily marketing pm mining stocks and they continue to do so.  i don't blame them b/c this is what the so called pundit experts are doing as well.  they've been destroyed.  and IMO they are leading the pm price down.

edit:  can u imagine if AAPL rolls from here and takes down stocks?  pm's will get smashed.

mining stocks and physical are linked.  they won't disconnect.
15589  Bitcoin / Armory / Re: Armory - The most advanced Bitcoin Client in existence! (v0.5.6-alpha) on: March 20, 2012, 01:13:42 AM
I'm all out of bugs to report Cheesy.

What a shame...

clairvoyance... Wink
15590  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 20, 2012, 01:07:33 AM


a collapse doesn't have to happen suddenly.

Uh by defintion a collapse is sudden..

http://www.bing.com/Dictionary/search?q=define+collapse&qpvt=define+collapse&FORM=DTPDIA

Collapse:

1.  to fall down suddenly, generally as a result of damage, structural weakness, or lack of support
"A section of cliff had collapsed into the sea."

2.  fail abruptly: to fail or come to an end suddenly
LOL.

You showed the dictionary definition of "collapse" to a "doc" specialized in "financial risk analytics" ?

hey, it's hard enough to get the right direction on things let alone the magnitude.

but you guys are laughing prematurely.  it ain't over yet.

i'm betting on several more of those down $100 days coming in the near future.

edit:  i know several of you guys have been pumping pm mining stocks ever since i started the other Gold thread last August.  i told you to get out then.  how's that going?
15591  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 19, 2012, 10:26:40 PM
all the gold/silver bugs say that the end will be defined by a parabolic blow off.  i think they will be ground down the slow, painful way.

+1

The gold market is a touch more mature than bitcoin markets.

ya think?
15592  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 19, 2012, 10:12:40 PM
Where's the collapse?? Smiley

Still positive for the year..




a collapse doesn't have to happen suddenly.  i called the gold top in August last year as well as the silver collapse from May last year.

all the gold/silver bugs say that the end will be defined by a parabolic blow off.  i think they will be ground down the slow, painful way.
15593  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 19, 2012, 09:57:34 PM
a couple of additional points.  

there are ppl who suggest that golds retreat is indicative of fear coming out of the market resulting in an all clear sign for a continued ramp in stocks.  i see it differently.  it appears to me the progression of the rollover is going to be different than in 2007-08 in that this time pm's and commodities are rolling first to be later followed by the Dow and stocks.  back in 2007, the Dow rolled first in October only to be followed by gold and oil about 9 months later.  liquidity is coming out of the system as exemplified by the Greek debt writedown and the coming other PIGS.

shadow banking is also contracting substantially.

also, i've read a few posts that say stocks have little to no resistance to the upside from here.  i disagree.  look at the volume profile as it relates to the old highs btwn here and 14198.  this represents tremendous overhead resistance:

15594  Bitcoin / Bitcoin Discussion / Re: Algorithmic money: Bitcoin needs a buzzword and own lexicon on: March 19, 2012, 08:42:57 PM
Quote by Nick Szabo who made bit gold, one of the fore-runners to bitcoin:

Quote
And what's up with the term "cryptocurrency"? What is it supposed to mean? Cryptography is used to protect payments systems as radically different as credit cards, Chaumian digital cash, and Bitcoin. The term encourages the popular but profoundly naive view of Bitcoin as merely another form of digital cash.

i totally agree.  i've never liked the term.
15595  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 19, 2012, 08:36:09 PM
http://financialriskanalytics.weebly.com/daily-blog.html
15596  Bitcoin / Bitcoin Discussion / Re: Game on! on: March 19, 2012, 07:35:27 PM
thats the 2nd Forbes article he's written in the last 2 wks isn't it?  since when did he become a regular?  if so, we have our mole!
15597  Bitcoin / Bitcoin Discussion / Re: Armory: One last push! on: March 19, 2012, 07:27:18 PM
its really too bad more ppl don't step up and donate.  for all the things we're getting as a community we need you to spend more time developing this product.  given how much you've already added just this last month i could only imagine how much better the product would be if you were working on it full time.
15598  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the NSA on: March 19, 2012, 01:57:49 PM
the fact that the article published a map of the facility makes it highly suspect to me.  perhaps they're playing Ben's game of perception management.
15599  Bitcoin / Bitcoin Discussion / Re: the ability to crack current public encryption. on: March 19, 2012, 12:21:28 AM
can't you understand that there is already a thread started on this subject from yesterday?  there was no conversation going on in this thread:

https://bitcointalk.org/index.php?topic=69178.msg806495#msg806495

It was different question, for a different topic ... or didn't you read the forum properly?

The article is long and many faceted. There are several (actually many) topics in there relevant to bitcoin that could be discussed separately .... the other discussion was a lame "gee whiz", "but who cares" meandering thread with no topic in the OP that I could discern.... animated chanesque pictures of blondes to boot.

Thanks for being the concerned bitcoin web citizen though, we are all richer for it!

it wasn't a different question.  the OP already said he was surprised that there was a reference to this article already posted and there is only a quoted passage in the post; no question.

all this is quibbling so why don't we just consolidate all discussions relating to this article in the original thread like we usually do?
15600  Economy / Economics / Re: Buy and hold? I don't think so! on: March 19, 2012, 12:12:32 AM
i know you know pm's are not similarly divisible in that how do u slice up a gold bar to pay for a candy bar?

I thought I expressed myself fairly accurately by using the adjective "similarly" instead of "equally". And if you think buying say a loaf of bread with gold is impossible because it's not divisible enough then I suggest you watch this: http://www.youtube.com/watch?v=7ubJp6rmUYM

the problem with this analogy is that those small grains in the video were panned out of a stream.  as i said, here in the Western world which is the frame of reference from which i am coming from, 1 oz coins tend to be the most common form of gold that most of us hoard.  even if it wasn't, you and i would have a hard time shaving off just the right portion to buy a loaf of bread.  with Bitcoin and its ability to divide down to the Satoshi level, i submit it is so much more practical and divisible.
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