So I'm not really a newbie but sort've feel like one since I haven't logged on in a while. Anyway, fired up the old program and remembered how painfully slow the block chain takes to "catch up" when you haven't run the client in a while. Is the latest version faster? I see this as a problem for new users, I already had about the first 150k blocks, I can only imagine how long it would take to start from scratch.
I don't know if it's faster, but it does still take forever. It is highly recommended to use a light client unless you're willing to wait. What is a light client? Is that MultiBit and/or Electrum? If so, which is recommended? |
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So I'm not really a newbie but sort've feel like one since I haven't logged on in a while. Anyway, fired up the old program and remembered how painfully slow the block chain takes to "catch up" when you haven't run the client in a while. Is the latest version faster? I see this as a problem for new users, I already had about the first 150k blocks, I can only imagine how long it would take to start from scratch.
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my ZSL up 27.23% just today.
I don't post much here anymore but had to come back because I knew you'd be smiling. It was a good call. My last gold purchase was somewhere in the $800oz territory so I've been on the sidelines for a while now. Think I'll stay there for now, I just wish the damn S&P 500 would come to a resolution with this bear flag. I still need to work on my patience  |
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Wow boobs on the internet. I'm going to pay for that because there's no way I could find that for free.
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I sure hope you don't wonder or blame anyone else for you being "lower middle class", because this is why. My boss probably makes a couple hundred grand a year. I honestly don't think he ever goes home. The only time I've ever seen him leave his office is to go to lunch. He calls that his "free time". (this is in the south btw, not CA or NY where a couple hundred grand is minimum wage  ) Enjoy adding insult to injury dontcha. I am below middle class. Any job that's part time and pulls only 20 hours a pay period is below middle class. Anyone that's been homeless or unemployed or a long list of other things are below middle class. If you were the one that commented on my blog, I'm still digging deeper. It's what I'm known to do. Well it's late and I'm tired so I'm going to bed. Tis true though.. I had an idea and fucked up majorly with it. Oh well. Back to wishful mining. I don't know you, not do I wish to add salt to your wounds but it seems from your posts that it's your attitude that is your biggest obstacle. There's a difference between being poor and being broke. Poor is a state of mind, broke can be a temporary situation. Donald Trump went broke, but he was never poor. It's up to you to decide which of those two you are. So you failed. Learn from it and move on. Best of luck to you. |
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Not in-the-money. Wait until they're out of the money. As GLD rises above 240, puts around 200 should be under $1. Puts around the current range of 160-180 will definitely be pennies by then. At that point, buy puts at those ranges for about 6 months out and simply hold until the shorts make their next grand effort. Theta has a negligible effect here since we're looking at enormous volatility. I see, I thought you were advising to buy those puts now. By the same token then, are you buying out-of-the-money calls right now? December GLD calls with a $240 strike are selling for roughly $1 a contract. Just trying to gauge how confident you are in this move, buy doing both you would make money going both directions (assuming your call is correct of course). I chose December options since you mention end of the year in an earlier post. |
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Well, unsurprisingly the country that did not follow the keynesian ideas and just refused to pay the debt, Iceland, has been the first country to get out of the depression and the unemployment is going dow to normal levels. The situation is still dire, but all the indicators are improving. I'm not a Keynesian but I see this comment made rather often. One problem with Keynesianisn is that we have never tried it. In the business cycle, government is supposed to deficit spend during the bottom part of the business cycle and pay it pack during the good times. We have only borrowed and borrowed and never paid it back. This is not Keynesianism. All we have is perpetual debt growth. |
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Buying a few hundred $200 GLD puts when they're pennies should have the potential to make millionaires, probably by year-end. Not bad for a few thousand dollar risk. Do so only if you understand options trading and have the discipline to mind your stops! GLD is trading at $177. How do you buy in the money puts for "pennies?" |
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Ninja sent me a PM that he mailed it to me today. I will keep everyone updated. Our transaction was only a few days ago so I don't think it's right to jump to conclusions yet. He has been responsive to my PM's throughout.
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I will post publicly here if/when the Touchpad arrives.
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What does sentiment represent? Or said in another way, how do you calculate sentiment? Sentiment indicators are employed in technical analysis to quantify the levels of optimism or pessimism present in various markets. For example, some indicators will account for all the long and short positions on a particular exchange in order to determine a bearish or bullish market. As you can see from the chart, with sentiment below GLD, this has been very bullish. We are now seeing a rather strong divergence. Enough to at least give me time to pause and reflect. One chart is not the end-all of course, just trying to add to the data. |
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Sentiment indicator plotted over GLD.  |
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FYI Ninja has agreed to sell the Touchpad to me. BTC's have already been sent.
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When you're done breaking your nose, take note: CME raises margin requiremets 27%. Of course, they waited until gold was declining just as with silver. However, the act has been much less effective than it was in silver three months ago. Leveraged investors are going to be knocked out of the game entirely. I don't think the CME waited for gold to decline, like the article says they raised margin requirements a few weeks ago. It's all due to heavy volume and volatile price swings. It's more likely that traders started to sell in anticipation of the margin hike. The Shanghai GE raised margins on Tuesday so it's not like this could not have been anticipated. |
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Here's the interesting part: Silver as a commodity "should" be trading at a ratio of roughly 10:1 to the price of Gold, given global conditions of supply and demand. However, since the Silver price has been destroyed recently along with stock prices, it is currently around 40:1.
Now that Silver is being treated like a precious metal and not a stock, most serious investors expect the price to come up to between 20:1 and 15:1 in the next 2-3 years and then slowly slowly make its way to 10:1, a short term gain of 100 to 200 percent and a long term gain of 400! The thing about ratios is there's a numerator and a denominator. We could return to those ratios without silver moving substantially to the upside. The price of gold would just have to come down. And as you can see over the last two days, that can happen rather quickly. |
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Correction or bubble burst? Too early to tell. I'm watching the M3.
If the M3 money supply growth stagnates and/or the economy recovers, the gold price will drop and stay down as investors shift from gold to stocks. (This is what happened in 2003, when the price of gold fell to $250 per ounce during the mid-2000s stock bull market.)
However, if the M3 money supply grows and the economy falls back into recession (which will increase Federal deficits), the price of gold will recover and may make new highs.
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Prefer the 16GB but will consider the 32GB. PM me with BTC price if you have one. Thanks!
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The S&P is still overvalued by historical standards. http://www.multpl.com/I know you're specifically talking about financials but for a bit broader spectrum, there's the chart. Had you been long financials yesterday and today you would have gave most of that gain back. Had you been short a few weeks ago you could've easily surpassed those gains. Hindsight is nice like that. I'll give you that the banks are better capitalized now than in 2008. I'm assuming we're talking about US banks. But the US is still on the cusp of a recession and soverign default is a very real concern for MULTIPLE European countries. That's enough to bring everything down, financials (as well as small cap, biotech, etc.) will be hit the hardest. I said it before on this board, the only bank I'm really looking at right now is WFC. And I think it will go cheaper so I'll wait. Then again I could be wrong, afterall, only one person on this board is apparently qualified to understand the stock market. I agree with sentiment regarding the financial's uncertainty, however your statements regarding the P/E ratio of the S&P looks inaccurate. The Wall St. Journal reports the S&P P/E at 13.57 (a good amount lower than the 16.5 historical average). See: http://online.wsj.com/mdc/public/page/2_3021-peyield.htmlOf course, all that really matters is if the current "E" will go down from here or not, so P/E is a pretty poor indicator of value during recessions. It depends on how the "E" is being calculated. Trailing, forward-looking, etc. If you click on the FAQ section of the link you'll see why there's a difference in Shiller's calculation vs the one you quoted. |
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Check out chrismartenson.com if you haven't already. Similar theory. |
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And which stocks get this lucky prop-up for nothing? Let me guess, Goldman?
S&P 500 index Oh good. It's about time those big corporations get a bailout! |
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