Well yes, it has but it still appears we haven't broken (closed above) the downtrend. That is really what I am looking for and not just one day, but 3 or so...
Not sure where to draw the lines from but either way, we are still below the downtrend.
You could also draw a channel 30 bucks or so below the shown line...

Also, we could have said things were bullish on any of the moves up to hit the downtrend line (which wasn't exactly a line at it's start. 

Yes and No to your question. But, it is much much darker than ETF's satisfying the public, as it doesn't. The ETF's are psychologically telling the public "Gold is losing value, is not a valuable store of wealth, etc." (So, you got that part right) And something very serious to consider, what Happens with the Winklevoss twins ETF and BTC. THE SAME THING CAN ATTEMPT TO BE DONE, but I doubt it will have the same affect, at least not for a while. It is why I hate the ETF for BTC. Why have an ETF for a digital currency??? Huh?

ETF's or selling gold puts have become a way of "controlling" the physical gold price. Most "regular people" have no idea about gold ETF's (it satisfies nothing), they just buy gold. But the hedge funds listen to what these people say and if they dump the price of gold, hedge funds add to the selling frenzy. It is quite manipulative and very very successful. It is actually like we have two gold markets, digital and physical and the digital rules. Think about that - a digital market for a physical assit sets the price. There is something very very sick about that.

There is next to NO GOLD in our vaults, it has been leased out. Again, look at Germany, they asked for 50% of their gold back and were told "2020". Can you imagine that!!!

I think I saw that video already. I trust what they (and many many others) have said regarding gold. Don't think of gold as an investment. There may come a time, not too far away, when gold will decouple with the US Dollar (as will BTC.) Runaway inflation and a collapsing currency can cause that, though the Dollar is still the world reserve and isn't crashing bad anytime soon, but it probably will.

It depends on the product and situation, doesn't it? And which came first, the falling price or falling demand? I'm talking manipulation, both physically (gold) and psychologically (trying to lower demand in gold from people.) With gold, they dropped the price in the paper markets to lower the price.

There are plenty of things that don't sell well (falling demand) so they drop the price but demand doesn't necessarily go up. When demand starts to rise, supply can go down (if demand can't be met, as with gold) and prices increase. The gold supply can't meet the gold demand right now and prices are dropping (even in an inflationary environment). (Funny thing - The Indian government has actually tried to get their people to stop buying so much gold but can't stop them while the Chinese government encourages gold purchases - go figure. Hmmm, maybe China owning so many USD's is protecting itself...)
Gold has seen a shrinking supply, increasing demand AND a drop in price for years now.

The gold price has been related to dollar strength historically (and also to the times - when things are tough, people buy precious metals). When the dollar fell in price it was due to inflation and that meant it required more dollars to buy the same amount of gold, so gold went up - basic math. That had never changed, until the US's new strong dollar policy came into effect a few decades ago (Maybe around Reagan but don't quote me on that). Starting then, the inverse relationship was halted. What the banks devised was brilliant (and very manipulative). They "leased" gold out of the central banks (at 1/2% interest rate!) to make up the difference between growing demand and shrinking supply. The problem is, that gold was essentially sold, never to come back (they used the term "lease" to get around the law). Now we see the suppression of prices continuing while countries like Germany have asked for their gold back (50% in January of this year) only to be told it will take till 2020 to get it back. This is a confirmation of sorts that the gold is not there. So, banks (maybe even China) are continuing to sell gold futures (puts) to keep the price down so they can start building up reserves. Basically the banks want to keep the price down to buy back what they have "leased" and should be in their vaults (as it is on their books as an asset).

So, with demand rising as much as it has, with inflation rising for years now, we should definitely have not seen a drop in the gold price (and silver.) I can't elaborate this as well as some and if you care to look further into it there are some people out there who really can break it down for you. Start with Gata.org. I think Max Keisser even got into this quite a few times on his show, not to mention other economists have brought it up.

Let me comment about gold as I used to be quite the gold expert. Without a doubt, gold has been manipulated in the paper markets by some very big banks and hedge funds (if not countries). When Bernanke said he would raise interest rates it hit gold hard but his backing off those comments have caused a bounce in gold. Consider these prices a sale that no one knows about. They are just trying to get interest out of gold and silver due to financial problems all over the world, but it isn't working.

A few interesting points:
 
Central banks all over the world are buying up gold right now. Why? (Notice that Cypress got 400 million Euros of gold taken from them for the paper printout, I mean loan, they received.)
Even with the drop in the paper price, the demand has not diminished. This is pretty good proof of a manipulated market. Also, find out more about that at Gata.org . In many places you can't even buy gold - Asian countries are having big problems. Japan comes to mind.
China and Russia are huge importers, don't even think they export anything.

Anyone see this nice Bitcoin difficulty predictor? Looks like October might bring a difficulty over 100 million!
https://docs.google.com/spreadsheet/ccc?key=0AmXn4BnLUgYsdEF0TUtWUWtUaUUzR1F2aUhEWW9lN2c#gid=0
I can't imagine pre-ordering for October at the same price and Gh as August. Again 25Gh orders further out should be cheaper as with the 400Gh model.

First, thanks for sharing the great sheet and taking the time to make it up. A huge help and the best I've seen anywhere.

So, what do you guys think about the October 13' prediction, really way over 100 million? That means I most probably shouldn't buy a Bitfury 25Gh for 1240 Euro. Be much much better to just buy BTC's with the money, especially if they come down in price.

Hmmm, why isn't there a discount on the 25Gh model for October delivery like there is for the 400Gh model?
With difficulty rates rising so much is it actually worth it to get the 25Gh machine in October? Anyone have a guess of the difficulty level then?
If it is at 25 mill (up form 21) right now and it changes every 10 days I think, and many companies are shipping, it seems like in October the difficulty rate could be around 50 mill.

We must search hard and find a stock pattern that resembles a cow bell.

Gentlemen, get to work...

I'm working on an algorithm (very advanced with lots of variables and math) to pull the worthy posts from all the #&%#"! you spew! 

This needs to stay full screen.
I think the whole problem here is we need more cowbell arrows.

https://www.youtube.com/watch?v=BjsUf_oIgp0

If you look into my PM's again, I'm going to have to buy me a plane ticket and pay you a visit...

It cost me 75 bucks, not count the pain and anguish of not playing the 68 bounce... Hey, isn't that a song?

And someone just made 200k...

eheheh, I have been in Germany too long. I actually had to look up "Hold the bag" as it's not in my active vocab anymore.

How can you say small guys when it was 4000 bitcoins or so bringing things up.... And down we go as I type. (That was a sign).

I really just wonder if the guys who brought BTC to where it is now with their millions in purchases the last few days, will decide to bring it back down?
And it just seems like they like using TA too boot.

Basically, if any of us had a few million to throw around, we might be able to do the same...?

Oops, my bad, I was reading the bitinstant part.
Anytime you add easier access to BTC's you are increasing the market. We get a few more of these and we might have another bubble on our hands. 

Nice, a bit like bitcoin.de before they got a bank.
You will still need to wait 3-4 days to get your coins (transfer needs to clear).

I pulled this off of tradingview via nobulert. Very interesting with moon cycles and BTC.

Bitstamp really starting to deviate again. Lots on the sell side.
Leading or