Does Martin use the wrong numbers? In the private blog he is talking: "In gold, Friday's closing was admirable at 1289.7, but not good enough." (may 6th) But the closing numer is 1294.0 This was also shown in his market watch an here on the comex dates http://www.cmegroup.com/trading/metals/p.../gold.htmlWhat is going on here? I realised on an other chart that the close of the last hour of a trading session is different than the day closing. Is a closing of the end of the week maybe different than on friday? An other one: He also posted on may 6th: " Last week's closing was 1285.60" --> for gold nearest futures But it was 1290.5 shown in the comex http://www.cmegroup.com/trading/metals/p.../gold.htmliam realy confused I'd also like to know which data source he reverences with his forecasts. see below closing was above that. google gave me several slightly different values for this, what is the canon data source for these predictions? |
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FYI since I didn't see it mentioned:
It seems armstrongs subscription model has changed. It looks like there is now one investor level account at 150$ with global coverage instead of three regions at 150$ each. If so thats great since 450$ p.a. imo wasn't "no man left behind" like initially promised.
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Have any of you guys received invitations to socrates yet?
I recived mine a few hours after I requested it. I did this a few hours after the relevant blogpost was made. |
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Awfully quiet here. They just released the 10$ Socrates demo. Nobody got anything to say about it?
If I my current understanding of it is correct I’m slightly disappointed. afaik the initial promise was 100$ p.a. for enough information to manage your (average joe)retirement money.
What’s the average (in my case European) Person supposed to do? Go 100% pay per click? Subscribe to S&P500 and dax individually? Just shell out the 450$ for basic global coverage? Not be a twenty-something year old with only a few k in savings to bring the management fee % down?
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They already have, they are a german company doing KYC for banks like Fidor, ICICI etc.
and for mail providers like gmx,web.de etc... financial products like Paysafecard etc.... betting providers like Admiralbet....internet providers like 1&1...
Fidor bank is partnered up with bitcoin.de, a german bitoin exchange. I like the name but imo it's to risky lawsuit wise. |
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Perhaps study of Bosnia may be relevant. that article actually partially inspired the starve because no mobility part. Food scarcity would seriously affect western nations- it has been generations since they have experienced such hardship. Will this truly happen with advanced farming techniques and GMO though?
that's the question. It seems impossible for this to happen. I can buy a pound of rolled oats for 30 cents, you could quadruble the costs and life would go on*.Even vegetables can be grown at high but manageable prices independent of weather ( https://www.google.com/search?q=japan+factory+lettuce). Not to mention that currently 30% off all food just gets thrown away or all that corn that get inefficiently convertet into meat. *seen as brand products currently cost as much. |
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Every 309 years serious shifts come. The end of the severe minimum in the sun spot activity was 1715. Thus 1715+309 = 2024 will be the start of a slide into a new minimum in sun spot activity.
Seriously bad shit can result.
We are headed into really bad and difficult times.
The main upside is we are more technologically advanced by now, so we can cope well if we get organized with the Knowledge Age.
the future looks indeed rather grimm. I'm interested in opinions on how that 33%-50% famine would play out. Would food prices simply rise until the bottom third can't afford the necessary calories? how much of an increase would be needed for it to get that bad? at what point does food scarity affect public order(when does it go from 'go to bed hungry' to 'starve because death squads are roaming outside')? would it be just another tv drama for eu+usa citizens or would they suffer too? |
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Armstong did another piece on global cooling http://www.armstrongeconomics.com/archives/34854and I don't really know what to make of it. Our model tracks everything including climate. So that's allready factored in in all predictions? ...We could realistically see famine reach the 33%-50% level. ....... we may exceed more than a reduction in population of one-third and reach the levels of the 14th century of 50%,... these are worldwide numbers? Can someone translate that into a percentual price increase(range)? |
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closing was above that. google gave me several slightly different values for this, what is the canon data source for these predictions? |
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I look forward to reading your views on his ideas, and his proposed solutions (also controversial). I can't really discuss grand strategy but we could start with using this thread to keep track of his predictions. http://www.armstrongeconomics.com/archives/34083It appears that a June closing on cash below 11095 in the Euro will reflect GRexit. A month-end closing for June below 10520 level will be very bearish short-term. However, keep in mind that the major Bearish Reversal lies down at the 10335 level. Therefore, only a monthly closing BELOW 10335 will CONFIRM the 11500 is the extent of any rally. ... Until we see a monthly closing BELOW 10520, then it remains possible that we could still exceed the 11500 level. A monthly closing BELOW the 10335 will confirm the high is in place and signal phase two will begin with the Euro falling below the 80 cent level relative to the US dollar. |
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concerning practical advice for europeans: For European readers, swap to dollars for hoarding and you can open accounts in the U.S., which for now is a safety valve. While gold makes sense for local hoarding, it may have lost its movability.
sounds good but opening an US bank account seems to require an USA trip. what's the best alternative? Hoarding USD cash(conversion fees,making a target out of yourself(see paying with gold))? Open a foreign exchange account at a euro bank? open a swiss franks/foreign exchange bank account in switzerland? buy USA gov bonds? If you use U.S. shares, you may want to take possession of the share certificates.
opinions on required portfolio size for that to make size considering fees? Is the underlying reason the proposed 10% weath tax? |
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It won't have my name on it. You had better be paying attention to the Alt coin forum.
meaning you won't publically endorse it or meaning anonymous? If the later it will be really exciting to see if you can pull it off as you have a very distinct writing style. Or did you also have an epiphany on how to defeat writing style analysis and such? good luck and big waves so that everybody here might find it. I for one preemtively welcome everybody to post their most likely candidate as I follow the alt section very sporadically |
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I may have the ability to do this all myself to reach the IPO and/or mining launch.
that's the crux and my reason for writing. If you truly think you can have your coin up and established by 2017 by yourself do whatever and secure yourself the biggest possible slice of the cake. The important thing is that the cake is baked in time. Whatever you decide, good luck and fruitfull coding. |
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this might be terribly naive but coudn't you show some trustet (and NDAd) (altcoin)dev(s) for free?
Could you reword that so I can clearly comprehend? Are you suggesting I produce a description of what I want to work on that can be seen after committing to a NDA? basically yes. I imagine getting some reputable coder to say "I saw his idea, it's a really new way of thinking and an interesting concept" to be an important step. remember it's the first follower that turns a lone nutjob into a leaderEdit: seems you are asking if I can reveal in the public some trusted devs who will work with me?
not what I meant to say but seems to be the next logical step after see above The best developers don't work for peanuts nor silly badges. We have many other more lucrative offers where we have more equity stake, control, and motivation.
Startup founders (sometimes) do. Unlike them you won't end up owning the company (and probably neither a stash as big as satoshis) but you will have very valuable knowledge that should make you filthy rich if you do so desire. What I've said doesn't solve any funding prolems by itself but maybe getting a first endorsement might give that first impulse to get everything going 11 disclaimer: I am neither rich nor an experienced investor and therefore have no idea how those people think. Though if I were rich and thought it reasonably likely that your idea is as good as you claim I would thow a few k your way just for the promise for a few hours of your time at a time of my choosing. also if I should ever use your coin I pledge to send you .2% off all transactions made with it within 10 years of release.I'm cheap I know. anybody else as cheap? |
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@anonymint
this might be terribly naive but coudn't you show some trustet (and NDAd) (altcoin)dev(s) for free?
If recieved favourably by people who actually understand crypto guts shouldn't you get that amount by donations alone?
I know I would kick some monero your way if you asked under these conditions.
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Armstrong: There's nothing left, where you can tuck his money in good conscience. Maybe it will again give you the opportunity in America after the bursting of the sovereign debt bubble [after October 1, 2015], after a pullback in equities to enter. But then at some point it's over.
the translation's allright(as in not misleading). thought I'm a bit confused, didn't he forecast a dow low before october? did that move or will there be a second, (bigger?) pullback at the end of the year? Bonus question: if so, should europeans buy before or after october? |
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concerning accessibility, imo maybe you1 should write a short piece that covers the most obvious2 angles of attack concerning the knowledge age. When it's coming, "what about bridges, hospitals, microchips, steel mills...". These obvious2 problems make it very easy to quickly disregard it as a crackpot idea.
1 or coincube like before
2 for average people
<highly speculative babbling pulled from my ass >
concerning armstrong && knowledge age; You have expressed frustration that he "doesn't get it".He (and probably his average client) is old and clever enought to allocate his funds in knowledge age resistent ventures. Might it not be more of a "not my (generations) problem/fight" thing?
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