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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806513 times)
cypherdoc
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July 30, 2014, 05:49:53 PM
 #10001

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation



yep, betting on the buyers showing up.  we'll see.
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Pruden
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July 30, 2014, 06:05:24 PM
 #10002

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation


Meh, their own chart makes it easy to see that inventories are responsible for more than 35% historically (roughly). In 2006 and 2012 they were around half too (again, with a naked eye).

Typical ZeroHedge much-ado-about-nothing.

cypherdoc
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July 30, 2014, 06:08:17 PM
 #10003

“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984"

http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/

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July 30, 2014, 08:23:25 PM
 #10004

The new computer systems can be tricky
http://www.bloomberg.com/news/2014-07-25/biggest-africa-refinery-has-113-million-less-gold-than-in-books.html
Pruden
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July 30, 2014, 09:31:44 PM
 #10005

“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984"

http://libertyblitzkrieg.com/2014/07/30/three-lost-decades-how-the-american-middle-class-is-20-poorer-now-vs-1984/


The graph should obviously be logarithmic in order to be able to assert that the top 0.1% has increased their earnings more than the rest. Maybe the rest also multiplied by 6 but you wouldn't notice.

What's more, cumulative inflation since 1970 is... x6.5 (http://inflationdata.com/Inflation/Inflation_Calculators/Cumulative_Inflation_Calculator.aspx)

What I find most funny about that chart is the case it makes for the inflationary 70's ability to prevent the rich from getting richer as opposed to the disinflationary, neoliberal 35 years since then.

traderCJ
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July 30, 2014, 10:00:42 PM
 #10006

560 and dropping, ouch .. even with the Wikimedia announcement.
cypherdoc
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July 31, 2014, 01:51:21 AM
 #10007

ghash down to 27%

cypherdoc
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July 31, 2014, 01:52:40 AM
 #10008

just when you thought it was slowing down:

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July 31, 2014, 01:56:37 AM
 #10009

so ghash.io got diluted because of no new miners being plugged in on their side? meaning competition is ramping up. AM seems to be in ambush there too.
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July 31, 2014, 04:51:40 AM
 #10010

gold preparing to plunge:

cypherdoc
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July 31, 2014, 12:56:51 PM
 #10011

560 and dropping, ouch .. even with the Wikimedia announcement.

Gold collapsing. Bitcoin bottoming.

Ouch!
cypherdoc
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July 31, 2014, 01:55:12 PM
 #10012

Stocks, gold, bonds collapsing.  Bitcoin rallying-->RuntoBitcoin!



Russell's been telegraphing:



very interestingly enough, UST's dropping.  what would you expect after a 35 yr bull run?  this will be HUGE if it continues:



also very interesting is that the $DXY is attempting to BO.  if it continues, gold is toast for sure.  i have my doubts whether it will continue. if it reverses down, then gold has a chance; either way, Bitcoin wins:



remember that little yellow trend line i drew a ways back.  well, it's holding and the VIX is looking to spike big:



the fact that oil continues to drop is a sign of perhaps pending deflation; also not good for gold:



nice big reversal candle for Bitcoin.  i LIKE the directions all these charts are heading in:

cypherdoc
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July 31, 2014, 02:06:48 PM
 #10013

poor traderCJ. like i said, there's a reason for the little "t".

gold making a break for it; to the DOWNSIDE:

cypherdoc
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July 31, 2014, 02:12:36 PM
 #10014

oh yes, the reversal candle just growing bigger:

cypherdoc
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July 31, 2014, 02:52:30 PM
 #10015

stock bulls, don't underestimate this Argentina default event.  the 2008 crisis got going b/c of subprime debt defaults.  i believe the Keynesians hold the sanctity of debt repayments above all else.  afterall, they think of money as debt, period.  if that sanctity is broken, as with Argentina, that means trouble for them.  this is the reason for the monetary debasement carried out by the Fed; to prevent a debt contraction.
cypherdoc
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July 31, 2014, 02:55:28 PM
 #10016

stock bulls, don't underestimate this Argentina default event.  the 2008 crisis got going b/c of subprime debt defaults.  i believe the Keynesians hold the sanctity of debt repayments above all else.  afterall, they think of money as debt, period.  if that sanctity is broken, as with Argentina, that means trouble for them.  this is the reason for the monetary debasement carried out by the Fed; to prevent a debt contraction.

and just as debt has pumped up stocks and bonds, it has pumped up pm's and it's derivatives.  a debt contagion will directly implode pm's as well.
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July 31, 2014, 02:58:31 PM
 #10017

This is also interesting.. Argentina is bad enough.. but we all saw that one coming.. i haven't heard much about Vietnam (that said, i don't follow Asian markets)

http://www.bloomberg.com/news/2014-07-30/bitcoin-turns-digital-gold-as-faith-in-vietnam-dong-ebbs.html

The last 24 hours were critical but the next 24 hours are criticaller!
cypherdoc
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July 31, 2014, 03:02:49 PM
 #10018

Massive reversal candle!  nice timing traderCJ!

RunToBitcoin!

cypherdoc
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July 31, 2014, 04:52:51 PM
 #10019

a spike up in the CDS graph means trouble:

cypherdoc
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July 31, 2014, 04:56:21 PM
 #10020

Gold, oh noes.

ProTip:  when traderCJ speaks, short gold, buy Bitcoin:

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