Silver is money. Our constitution in the USA says it and many many societies through history used it as money. I'm. It saying that it will be the choice for most transactions. What I am saying is that it is a store of value. S0302 or whatever his name is is wrong that the physical price will fall far. In 2008 when silver went below $10 in the paper market the physical price for say silver eagles was over $35 on eBay. Physical price is determine by real people selling at their price and not the paper manipulated price by jp Morgan etc.
lets stop arguing and bet - if you are so sure. I bet that physical silver prices will fall below 10 $ before 31st Dec 2016 |
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just because you can buy something with bitcoins does not mean it is the right time to do so. Silver prices are falling and it is most often better to NOT try to catch the falling knife. it may be best to pick up silver when it is under 10 $28
FTFY And if it never gets that low? What then? You are demonstrating the typical reaction of overestimating a price movement, which IMO is a good sign that the development is over.
(1) Silver is in a third way down and prices fall from here hard
(2) Silver is in a larger thrid wave down but short term is oversold and will blunce up into 31.2 - 32 and then turn down hard again. 31.2 - 32 $ is an area which I will short hard |
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I myself am a huge silver bug as well. In the long term, you can't possibly lose on silver. If you are looking to sell within a month, you might lose a few bucks, but supply is dwindling, the world's mineable silver is running out, and demand is on the rise. If you have noticed the prices of silver coins, you will have seen that spot price is now irrelevant for the most part. Its all up to what people are willing to pay. Months ago when I started buying in at around $20 per ounce, the standard government bullion was, $2-$3 over spot or so (American silver eagles, Canadian Maples, Austrian Philharmonics) and generics could be found for less. Now you are lucky to find those coins for $5 over spot. "It is estimated that more than 95% of all the silver ever mined throughout history has already been consumed by industrial use. That silver is gone forever, unrecoverable at any price. In 1900, there were approximately 12 billion ounces of silver in the world. Today, that figure has fallen to about 300 million ounces of above-ground, refined silver. This means that at current prices, it would only take about four billion dollars to purchase all of the above-ground silver in the world today." - Monex http://www.cmi-gold-silver.com/monetarydigests/buy-silver-ounces/ - Warren Buffet buys 130 million ounces of silver |
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He that hath an ear, let him hear what the Spirit saith unto the churches
He that hath two ears hears double speak. doesn't Satan have 2 heads? just to be fair, being an analyst is not easy work. one can never be right all the time. but if you can get the trends correct most of the time you're doing good. lucif is just doing the same thing most analysts do; he hedges by providing lots of different alternative scenarios via lots of lines and squiggles. nothing wrong with that. da2ce7, a valued sub of mine, gave me some great advice early on back in April when i was struggling to find my "style". he told me to just tell my subs what i think will happen and to ignore all the skeptics or trolls. so what i do in my letter is just that; tell everyone exactly what i think is going to happen, analyze why according to my cycle work, and that's it. i rarely if ever put up alternative scenarios or hedge my calls. it makes it cleaner, more intellectually honest, and allows me to focus my mind on the highest probability; no hedging. the bad side is that i am an intermediate term trader (hold for months even years) and given the markets inherent nature to swing both up and down weeks at a time, i can look very bad when its moving against my general outlook. this is where money management comes in. sure i could be wrong in my views but at least subs get an honest, straightforward analysis of what i think w/o any double speak. and i've become very comfortable with that. its not a style for every analyst or subscriber that's for sure. just my two cents.
I focus a lot on the big picture first to identify the overarching trend. once this is defined, then the shorter term forecasts fall into place relatively easily. I use dozens of different indicators, including some new ones and also look at many alternatives.
but then I try to keep the outlook very simple for subscribers and don't bother them with too many alternatives.
also, I established very specific trading ideas which enables me and subscribers to track the quality of the service and outlook. this keeps me honest.
I dont want to praise my accuracy and leave it up to subscribers to judge this. but based on the growing number of subscribers, it can't be that bad |
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just because you can buy something with bitcoins does not mean it is the right time to do so. Silver prices are falling and it is most often better to NOT try to catch the falling knife. it may be best to pick up silver when it is under 10 $28
FTFY |
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HEY everyone lets plan to Double our position in 3 years!
Open-source works because humanity does have generosity of sprite, its not ALL Greed.
I'd prefer everyone can afford to halve our position in 3 years. Don't we want more people with less Bitcoins over less people with more Bitcoins? After all, "its not ALL greed".  you should buy some silver with your bitcoins https://bitcointalk.org/index.php?topic=129463.msg1389353#msg1389353 |
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as predicted in my newsletter, Silver is going down (my subscribers can confirm this)
But this is not the end.. there is much more downside once a key support level will be broken.
LOL the price we are all speaking of is the PAPER SILVER price. The paper price will not matter once our worldwide monetary system self-destructs because of all government currency debasement. Silver is used in all electronics...including ASICs for bitcoin. Silver is not going anywhere. Paper price is irrelevant. There will be a disconnect more so from physical to the paper price. Just watch and stay tuned.  Paper silver is just as good as the real thing, if everyone sells their paper silver, silver is not going to be worth much.... +1 |
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S3052: why dont you tell about highly possible h&s pattern to your subs? I dont beleive you dont see it.
how do you know that I am not telling this to subscribers. are you a subscriber? |
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You both see bitcoin like a tight heaven of trading while all stocks has a storm. Gold 2.0 and other shit.
But wait, stocks will drop and bitcoin will not stay aside of that.
It is entirely possible that bitcoin goes down with all other assets at least for a certain period of time.
but, right now there is no sign that this is happening nearterm.
there is also the possibility that bitcoin gains so much traction that funds move INTO bitcoins big time (i.e. I know of some projects out there that can make this explode)
more in the subscriber section |
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as predicted in my newsletter, Silver is going down (my subscribers can confirm this)
But this is not the end.. there is much more downside once a key support level will be broken.
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Coz you both fanatically bullish and dont see obivous things from ta basics.
Or you are too focused on the short term and they've realized it isn't worth the headache and take the easy > 100% profit for the year. ^ +1 |
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Coz you both fanatically bullish and dont see obivous things from ta basics.
bullish on what? |
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If you have a sound business plan i will consider investing 1000 $ into your bitcoin taxi. Including a huge bitcoin branding on the car.
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It may make sense if you consider that the large trades are for users who want to change from one fiat currency to another, and they are using bitcoin/MtGox as the vehicle for doing that (for various reasons). I.e. what you are describing might be simply the market moving money out of euros/aud/gbp and into/repatriating usd?
That doesn't make sense. Paying 2.5% + trade fee for currency conversion? And often when it is already known that the AUD/GBP/EUR price will be much better the next day, making the effective conversion fee more than 3% in the USD -> currency direction? (MtGox only change their exchange fee once a day.) Even credit cards have better exchange rates, and the timing is exceptionally bad. Some users may be quite happy to pay the 3% for the user-defined anonymity features of bitcoins .... Obviously, which is one reason to buy coins. Deposits of that size triggers identity verification, and if you just use MtGox as a currency exchange between fiat currencies you don't get any anonymity. Just a very expensive currency exchange. At least 4% including two trade fees and the known rate change, which is even more than PayPal charges. People using AUD, GBP and EUR are buying coins, not changing from one fiat currency to another. This change of sentiment happened after Bitcoin-Central announced their deal with a PSP. This was even announced on the BBC, and may have increased belief in and knowledge about Bitcoin in Europe, while it seems some Americans have reacted negatively to the news. Many of my regular customers bought a lot after the news came out (NOK and EUR), and put me temporarily out of funds on the exchanges (doesn't happen often). AUD users have always been buying more than selling, and it may be that they as well had a positive reaction to the news. This is just one possible explanation. |
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hin und her / macht taschen leer
(in and out / makes for empty pockets)
+1 |
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Yep. I noticed when your forecasts do not follow the volume, market shows huge opposite reaction. People, speculate on that no worries. my subscribers are always one step ahead. I gave a warning alert just a few minutes before the drop from 13.8 to 13$ :-) |
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This is special short term update. Awaiting huge bear pennant confirmation with almost all requirements met, including huge negative rsi, macd, volume divergences. Textbook target is $5. Have a nice bitday.  |
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