i'm sorry but its so obvious you are so f*ckin disoriented over the last couple of weeks of losses i can't sit back and let you throw up all this shit.

you put up a stupid video of some day trader that yesterday talks about a 5 min candle trading technique that is DOWN 12% since he put it on yesterday and we're supposed to take what you have to say seriously?  you are seriously reaching, man.

Awesome!

Not the girls; BitPay!

edit:  you gotta stop torturing us like this 

if you read my posts, the running is forced.

http://blogs.decisionpoint.com/chart_spotlight/2011/09/gold-double-top-start-of-correction.html

they've even given it a name!

http://oregoneconomicanalysis.files.wordpress.com/2011/09/reinhart_rogoff_update1.pdf

"just your garden variety severe financial crisis"

edit:  problem with this assessment is that we're exiting the eye of the storm and things are gonna get much worse the next 5-10 yrs.  we're gonna eclipse all records by the time we're done.

http://www.federalreserve.gov/datadownload/Chart.aspx?rel=Z1&series=4ae60d75ab9a4da4e0cf4a6dea9ebb6f&lastObs=&from=12/01/1945&to=06/30/2011&filetype=spreadsheetml&label=include&layout=seriescolumn&pp=Download

look at Households and nonprofit organizations categories; do you think those hook downs represent a change in trend or just a temporary blip in an ongoing linear rise?

well, what i see in the longterm Bitcoin daily chart is a huge descending wedge with a terminating double bottom and big volume washout spike which should break UP.

the psychology of yesterdays FOMC decision was one for the ages.  Ben, for the third time now (1st being last June when he didn't extend QE2, 2nd last FOMC, 3rd yesterday) demonstrated that he will NOT print USD to save the economy.  the UST swap was net neutral and the Agency to MBS rollover is only a drop in the bucket of about 10-12 billion which he was already essentially doing per month.  these are just gestures that he is doing something.

i'm fully convinced the CB's are trying to save the USD and gold bulls have a red target painted on their foreheads.  in contrast to miscreanity, i don't believe that gold/silver will just grind higher with each wave of boom bust that we go thru.  we are entering a BIG bust cycle, wave 3 down deflation that will probably take out 3/09 lows, but i think the biggest and last standing bull of gold/silver will swing all the way to the bust side back down to mid triple digits.  Bitcoin will be the one that arises from the ashes.  it fits.

edit: even one of my favorites, David Rosenberg, contributed to last weeks runup by calling for something HUGE from Ben.  a pure deflationist lured by Ben's siren song.  he got smashed unlike us.  i was balls to the walls short going into the FOMC.  the market was sorely disappointed and now we are free to enter another down phase in everything except the USD and UST's.

my gaud, do you really want to stand in front of this train?
and they haven't even pulled the USD/JPY trigger yet.

/GC breaking down out of the triangle:

i've not noticed any definite pattern.

Bitcoin had a MACD cross 2d ago along with upturning of RSI and Slow Stochs.  the trend has changed.

if we're using 2.8 do you recommend upgrading to 2.9?

uhmmm, about that emerging mkt thing.  EEM off 26%, FXI off 30%.  Dow off 14%.  4 yr weekly charts.

@miscreanity:  i REALLY like your Yen theory.  now you're thinking like a criminal!  i have been watching the USD/JPY as part of my USD rally theory of course but i hadn't really parsed it together as being perhaps another wave in the coordinated CB intervention to force the USD up and everyone else's currency down.

in fact, i have been assuming that as the Swiss buy Euros to peg, the ECB has been buying USD's to weaken the Euro while forcing the USD up.  this linking makes infinite sense to me so that Europe doesn't suffer too much from the Swiss intervention.  you filled in the last piece nicely b/c the Fed, ECB, and BOJ are the real failed Troika.  the USA is the only economy in the world right now that can withstand an appreciating currency.  everyone else is in desperate need of devaluation not to mention the "save the USD hegemonic system" theory of mine.

note in my chart above the perfect double bottom along with a descending wedge the USD/JPY cross had formed.  thats a one hour 90 day chart.

edit:  i especially like this theory b/c Axel Merk, another inflationist, just revealed moving his currency fund into the Yen.  and you know how those inflationists are going to fair in the coming deflation

i was just thinking.  tonite might be a good time for one of those gold selloffs/attacks like we had before. just thinking like a criminal.  we'll see.

USD up, everything else down. 

http://www.bloomberg.com/news/2011-09-21/lloyd-s-of-london-posts-697-million-pound-loss-on-disasters-1-.html

The premium European banks pay to borrow in dollars through the swaps market is close to the highest level in almost three years. The cost of converting euro-based payments into dollars, as measured by the one-year cross-currency basis swap, was 95.6 basis points below the euro interbank offered rate, or Euribor, at 11:13 a.m. in Frankfurt, indicating a premium to buy the dollar. It widened to as much as 112.5 basis points earlier this month, the most since Dec. 2, 2008, according to data compiled by Bloomberg.

the markets are choosing UST's and the USD over gold and silver.  how unfair is that?

sterile UST shift from short to long.  net neutral.  not good.  kills NIM.  won't help.

TLT frontrunning has been significant.  the black hole persists.