Comparison to Apple (AAPL) shares

[S3052]

yes at least 60% drop.

My expectation is even  a 90% drop, but I am happy to bet on a 60% drop to start with.

To those who dont believe in deflation that is already underway since late 1999 should look at the DJI measured in gold.

What asset type are we wagering? Fiat currency or stocks?

Stocks measured in fiat currencies will drop hard. That is what I would wager on. :-)

Does that mean you're bullish on PMs and commodities, S3052?

I would bet against you on AAPL because though most consumers are weak, luxury brands should fare better due to the growing inequality.

I am bearish or will turn bearish on PMs, commodities, stocks, almost all asset classes. The upcoming crash will be in line with the all the same market theory: Everything goes down together.

This drop will be unprecedented (i.e. much more severe than the 1929 crash) and hence AAPL will also get almost wiped out. The big guys will not fare so well to keep the inequality shift alive for long.

The only KING prevailing will be cash and hopefully bitcoins.

[YoYa]

The only KING prevailing will be cash and hopefully bitcoins.[/color]

WAIT....wut?!?
 

I really hope you were thinking Swiss Francs when you wrote that.

[smoothie]

Is there some relationship that makes bitcoin similar to Apple, or are you just picking something that went up in price and hoping bitcoin does the same?

I see holding BTC like holding a share in a popular, fast growing company. Obvious similarities and exponential growth witnessed in both BTC and AAPL. You can buy a share in BTC for less than $1 whereas in AAPL each share is gonna cost ~$350. I'm obviously hoping Bitcoin goes in the $350 a coin direction.

I agree with your statement. But currently the big difference is that apple has wide spread acceptance and bitcoin hasn't just yet.

[smoothie]

The only KING prevailing will be cash and hopefully bitcoins.[/color]

WAIT....wut?!?
 

I really hope you were thinking Swiss Francs when you wrote that.

Hey look it's Raw-retard's face!

[S3052]

The only KING prevailing will be cash and hopefully bitcoins.[/color]

WAIT....wut?!?
 

I really hope you were thinking Swiss Francs when you wrote that.

Yes, currently holding CHF since 2-3 years.

But in the next days / weeks shifting to USD as this will have a major RALLY soon for 9-18 months. Believe it or not.

[YoYa]

The only KING prevailing will be cash and hopefully bitcoins.[/color]

WAIT....wut?!?
 

I really hope you were thinking Swiss Francs when you wrote that.

Yes, currently holding CHF since 2-3 years.

But in the next days / weeks shifting to USD as this will have a major RALLY soon for 9-18 months. Believe it or not.

When I think of QE2, I don't think of cruise ships no more. If your technicals are stating USD rally, then this might be a case where the information from analysis in dire contrast to everyday information in the news.

When non-gold bugs are eying up gold, you'll forgive me for not expecting a rally. But if you've any food for thought on the subject, I would be interested to hear what you're thinking.

[CurbsideProphet]

QE2 is done.  Assuming you're expecting a QE3?

[YoYa]

QE2 is done.  Assuming you're expecting a QE3?

I wouldn't bet on it either way, but mere mention has been enough to stir the markets and add to insecurities about the dollar.

[S3052]

The only KING prevailing will be cash and hopefully bitcoins.[/color]

WAIT....wut?!?
 

I really hope you were thinking Swiss Francs when you wrote that.

Yes, currently holding CHF since 2-3 years.

But in the next days / weeks shifting to USD as this will have a major RALLY soon for 9-18 months. Believe it or not.

When I think of QE2, I don't think of cruise ships no more. If your technicals are stating USD rally, then this might be a case where the information from analysis in dire contrast to everyday information in the news.

This is exactly the case: It is a contrarian indicator. If all the mainstream news and newspapers write about that the dollar will collapse , it is very close to do the opposite.
I.e. see the chart for USDCHF. A typical tiring downtrend as evidenced by the wedge formation. Above the 0.835-0.84 zone is breakout to RALLY:

The same with Gold which will also start a major correction soon. The first drop will happen in the next 7 days.

[YoYa]

This is exactly the case: It is a contrarian indicator. If all the mainstream news and newspapers write about that the dollar will collapse , it is very close to do the opposite.
I.e. see the chart for USDCHF. A typical tiring downtrend as evidenced by the wedge formation. Above the 0.835-0.84 zone is breakout to RALLY:

The same with Gold which will also start a major correction soon. The first drop will happen in the next 7 days.

Interesting, I can see where you are coming from. But just to ask, in situations like this, do you ever see macro economic conditions impact on your analysis? e.g. For the correction in Gold to occur, wouldn't we expect to see the people who are using it as a hedge to release their holdings, but at this point in time I don't think there is enough confidence to do so.

[S3052]

This is exactly the case: It is a contrarian indicator. If all the mainstream news and newspapers write about that the dollar will collapse , it is very close to do the opposite.
I.e. see the chart for USDCHF. A typical tiring downtrend as evidenced by the wedge formation. Above the 0.835-0.84 zone is breakout to RALLY:

The same with Gold which will also start a major correction soon. The first drop will happen in the next 7 days.

Interesting, I can see where you are coming from. But just to ask, in situations like this, do you ever see macro economic conditions impact on your analysis? e.g. For the correction in Gold to occur, wouldn't we expect to see the people who are using it as a hedge to release their holdings, but at this point in time I don't think there is enough confidence to do so.

The great thing with technical analysis is actually that all the fundamentals are priced in (current situation and expectations are already mirrored in the chart). That is why you can save a lot of time reading about news, fundamentals, etc. Just focus on the chart and then the next thing is trading accordingly and doing your money management.
I am not saying everyone has to do it that way and everyone will be successful, but for me it works brilliantly since many years and that is why I continue doing it that way.

I.e. for Gold, most people are already LONG gold and probably some big guys have already started to release their holdings (obviously without telling everybody). This is called "distribution phase": selling to the public, and typically the man on the street buys exactly at the top, where hedges funds, banks, other institutional investors have already dumped it..

[netrin]

It's time to sell gold now that prime time news in broadcasting the price of the metal. Three perfect falling bitcoin wedges in the last ten days and still no rally. Until the US markets collapse, I expect the dollar will be quite deflationary. Maybe the Fed will buy up real estate in southern Europe.

[netrin]

This is exactly the case: It is a contrarian indicator. If all the mainstream news and newspapers write about that the dollar will collapse , it is very close to do the opposite.
I.e. see the chart for USDCHF. A typical tiring downtrend as evidenced by the wedge formation. Above the 0.835-0.84 zone is breakout to RALLY:

0.79 to 0.86 from this morning's breakfast to high tea in Zurich.

[S3052]

Thanks for digging it up again, for me this was a champagne high tea :-) but the USDCHF party is not yet over.

Parity is possible in the next weeks and months.

[netrin]

Perhaps Zurich thought they could acquire cheap assets by executing the inevitable, but printing doth not a technical confirmation make.

[theecoinomist]

BTC is a better investment then AAPL???  I LOL'ed.   

necrobump

[rebuilder]

AAPLs and oranges.