Heres where I show my gold/silver bug tendancies. I agree spot price of gold and silver is suppressed as much as possible, largely by paper derivatives but sometimes they actually need to provide physical to keep paper connected to the real asset. In last few years GLD has almost been drained of physical bullion also Comex is very low too now. Another way to get physical is to invade a country  eg Ukraine lost its gold recently, as did Libya. For me the big giveaway is the very obvious huge selling whenever some kind of normally gold positive event has happened in last few years which is manipulation of expectations, MOPE. The pumping of the stock markets is also connected, as is coverage in the media.

Central banks and other powerful entities hold a lot of gold but not silver. Gold is their game.

In many countries eg UK you have to pay VAT or some kind of tax on silver  but not gold. Its almost like they try to stop people investing in silver bullion 

As others have said Gold versus Silver ratio says that silver is at much better bargain price then gold though.

My personal opinion is to be mostly in bitcoin at the moment because I think bitcoin has likelyhood of huge gains if another speculative bubble forms, then try to exchange for physical precious metal near top of next bubble. (Later when speculative bubble has deflated exchange some back to bitcoin)

Maybe its priced in for the smart money who already knows about the halving but not for the speculators who hear about it late and jump in when price is already moving up? It then creates a snowball rolling getting bigger where more people jump on at the end just because they see huge gains, this is the bubble forming.

Kwickduck take note, see this analysis (although a chart would also be nice)

for what its worth I agree with this picture, in my view price will probably not drop below $400

I get puzzled by numerous comments I have seen here and on other threads stating that nothing happened on the last halving!!!! My memory was that bitcoin went wildly bullish during the last halving. In order to remind myself which version is right and satisfy my curiosity I decided to look it up.

The last halving was on 28th Nov 2012 when block reward halved from 50 btc to 25 btc
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html

I've marked that event on this chart with this orange vertical line


edit: Improved chart

OK it didnt go boom and do a price doubling on that exact day but really look at the price how it was rising to unfathomable new highs just afterwards.

This looks like a massive speculative bubble followed by correction and only eventually after a long time true price starting to be known.

I think next halving is not priced in but again most likely there will be a huge speculative bubble.

Litecoin was similar recently except the speculative bubble was sooner.

My conclusion is that we are likely on the cusp of another huge speculative bubble. Only much later after bubble has deflated will new bitcoin supply be truely priced in.
 

No wonder the banks keep needing bailed out if this is the quality of their analysis. Haha except this user has nothing to do with ING bank, NOTHING 

What TA ? Come on share the analysis if you going to shout about it

There is no analysis. Wheres the charts? Wheres the data? Wheres the argument? Just like last thread from ING Bank   This has NOTHING

IMO The weak points to attack are this, Gravity and  Dark Matter

(I cant go with you that we are living inside a hollow earth though. eg Why do i see the horizon when i look into the distance?, if it was concave I should see more earth fading up into the sky shouldnt I? )

Time to accumulate was the past several months when bitcoin was below $300, this is the time to HODL

edit :

or accumulate then HODL if you were too late or afraid to get the bargain prices for most of last year

I disagree halving has been priced already. I think price was too low after last bubble collapse, ability to short bitcoin helped push it even lower still, and then fears over blocksize and fork also put a lid on it. Rises we are seeing now are nothing yet.

Some great discussion here, enjoyed looking at the concave earth idea in particular. Sometimes its great to dive in and test what you know or think you know. I love hearing a new theory the crazier sounding the better. Sometimes they cant easily be discounted.

In terms of planet formation I think the mainstream view that they form out of an accretion disk sounds lovely but is not really proven despite the widespread acceptance of the idea. As I understand it there are problems like where did all the angular momentum come from if it started as a cloud collapsing in on itself ?

Best alternative views in my opinion come from the Electric Universe, see here http://www.thunderbolts.info/wp/  

I think some of the out-the-box thinkers in here might like some of the ideas discussed in the Electric Universe.

Unfortunatley most of what they talk about does sound crazy at first which I think is main reason they are not taken much more seriously as they deserve to be. Eg, the sun is powered by galactic electric currents not internal nuclear fusion. Red shift is intrisic, not a function of distance. Maybe most crazy of all the earth was a satellite of Saturn only a few thousands of years ago and in memory of humans. There is serious evidence to back up these ideas though.

Bump I am actually interested in the choice of username. Are you claiming to represent a bank?

On my opening post I showed a rough projection of future price using some arrows in which I included a kind of fake dead cat bounce. I think this is what this is we see now. Or put another way Bear trap. Price may drop further but not enough to satisfy bears and soon enough bull impulse will win. I doubt it will get far below $400. II could be wrong of course but my own money is where my mouth is and bitcoins I accumulated below $300 are not in danger now.

Meanwhile halving is drawing ever closer.

Why is your username ING Bank?

Check out the volume on that chart!

There is good support at 400, price may drop further but I also expect price to stay above 400


 

Good luck with your trading Matt

I kind of wish I could tune out of checking the price too but cant resist looking at the price each day. I dont try to trade that volitility though. Buy low and hodl seems to work for me. Anyway hopefully you will be happy with the price when you check back in.

Mate this is bitcoin get used to it. If you can't handle the volitility go and trade forex or something.

Bull fork still in play. I grant you price may fall a bit further in short term but the trend is still up my friend.

Matt matt matt I keep telling you sooner you turn bullish more you will profit

This short term bear phase will be short lived, I'm thinking bear trap