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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010037 times)
NewLiberty
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October 03, 2014, 01:18:37 PM
 #13161

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^

Possible. This guy had been calling that since 2011:

http://www.youtube.com/watch?v=eoWCZtsV4ls

So far, it seems they're right.

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage.  If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.

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FNG
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October 03, 2014, 02:01:04 PM
 #13162

NED DAVIS: Gold Will Plunge To $660

http://www.businessinsider.com/gold-is-going-to-660-an-ounce-strategist-says-2014-10

ready to scoop some cheap gold? ^^

Possible. This guy had been calling that since 2011:

http://www.youtube.com/watch?v=eoWCZtsV4ls

So far, it seems they're right.

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage.  If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.
Silver is not gold. How much silver do central banks hold?
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October 03, 2014, 02:06:48 PM
 #13163

looks like i sold my DZZ & ZSL too soon.  at least it was for a hefty profit.  oh well.  waiting for the next bounce to reload.  we're actually due for an intermediate term bounce.
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October 03, 2014, 02:17:43 PM
 #13164

this is really bad if you're a sound money advocate:









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October 03, 2014, 02:26:22 PM
 #13165

Telegraph UK article - Bitcoin wil become the new gold

http://www.telegraph.co.uk/technology/news/11138581/Bitcoin-will-become-the-new-gold.html
cypherdoc
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October 03, 2014, 02:28:28 PM
 #13166


beat me too it.

yeah, it should happen.
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October 03, 2014, 02:37:48 PM
 #13167

despite the bounce in the Dow today, yesterday should count as the short term bottom for this cycle.  the real question is how high this bounce can go?  we'll still get a weekly/intermediate term sell signal by the end of the day today.  right now, this is the most interesting chart for me, as it will tell us whether or not the US has managed to pull off the impossible; permanent Nirvana based on money printing.  i still seriously doubt the thesis that the stock mkt can keep going up forever in the face of a rising USD.  most of the USD's pumped into it represent debt and no leveraged trader wants their USD debt value increasing at the same time their stocks rise.  i expect the Dow bounce to fail to exceed the high of 17350, or even if it does get over the top it will be temporary.  we'll see.  this is the greatest stock bull mkt of all time.
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October 03, 2014, 03:18:56 PM
 #13168

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)
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October 03, 2014, 03:22:54 PM
 #13169

Since gold rises when the world goes to war, I'm still bullish on gold in the 10 year time frame. There is a lot of political instability today. That hurts fiat and increases the likelihood of conflict.

"Smithers, war has broken out. Begin hoarding and profiteering!"
-Mr. Burns

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Adrian-x
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October 03, 2014, 03:34:02 PM
 #13170


Well .... art is overvalued. Especially those artworks made by the most famous of artists. I'll take a double spend (copy Wink any day.

I don't want a copy of a Bitcoin Wink
Picasso figured or it out or so I read he would draw something on the back of his cheques he he used to pay at restaurants, the results is the cheques were never cashed.

All in all art is always appropriately priced, it depends on ones disposable income and value system.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
blaaaaacksuit
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October 03, 2014, 05:13:19 PM
 #13171

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes
sidhujag
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October 03, 2014, 05:21:41 PM
 #13172

despite the bounce in the Dow today, yesterday should count as the short term bottom for this cycle.  the real question is how high this bounce can go?  we'll still get a weekly/intermediate term sell signal by the end of the day today.  right now, this is the most interesting chart for me, as it will tell us whether or not the US has managed to pull off the impossible; permanent Nirvana based on money printing.  i still seriously doubt the thesis that the stock mkt can keep going up forever in the face of a rising USD.  most of the USD's pumped into it represent debt and no leveraged trader wants their USD debt value increasing at the same time their stocks rise.  i expect the Dow bounce to fail to exceed the high of 17350, or even if it does get over the top it will be temporary.  we'll see.  this is the greatest stock bull mkt of all time.

Bull is just too strong.. .look for a sell the top on usdx (short term) and buy equities like no tomorrow. The USDX top (gold bottom) has been hinted at during asian session few nights ago... ofcourse smart money always knows ahead of time what the news is.

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October 03, 2014, 05:52:37 PM
 #13173

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes
You don't want too peak to early, that's not fun. Here is a scenario:
Fear of the unknown drivers the herd. Ebola is a new fear catalyst, while health care workers take precarious to avoid infection at one stage 10% of those infected were health care workers.

Now take a currency note infect it with Ebola (or just promote the idea that it could be) put it in the wild (the economy) and tell people to pass it around (or let them know if they do they will be at risk of Ebola)

Then come in with a solution. See The benefits of getting rid of cash: http://youtu.be/BZW3s9-9Hgg -

Two take aways
1. The abolishing of cash address the fear of Ebola epidemic speeding from person to person (dirty flat)
2. Negative interest enables the central planned economy total control.

The next thing to go to the moon will be Bitcoin and alts.
If the scenario above plays out the storm to hit Bitcoin will be unreal.

While I would give it low single digit percent chance of ever materializing there is still time before the storm.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
rocks
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October 03, 2014, 05:56:47 PM
 #13174


Quote from: article
While Bitcoin has issued $6bn worth of currency since it launched five years ago...

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blaaaaacksuit
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October 03, 2014, 06:03:18 PM
 #13175

Get ready for the oncoming storm, BTC is about to sky rocket, will hit $5k in 2015 (I'm serious)

 Roll Eyes

While I would give it low single digit percent chance of ever materializing there is still time before the storm.


Hence the ---->  Roll Eyes
blaaaaacksuit
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October 03, 2014, 07:04:55 PM
 #13176

Can anyone speculate as to what has been up with all the dumping?  Where are all these coins coming from?
cypherdoc
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October 03, 2014, 07:24:08 PM
 #13177

Can anyone speculate as to what has been up with all the dumping?  Where are all these coins coming from?

this for one.  i just hope these derivatives exchanges aren't allowing naked shorting:

rocks
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October 03, 2014, 09:05:35 PM
 #13178

I had not yet come across Bitcoin in 2011, but imagine it's starting to feel a lot like it did in late 2011.
damnek
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October 03, 2014, 09:13:30 PM
 #13179

Can anyone speculate as to what has been up with all the dumping?  Where are all these coins coming from?

this for one.  i just hope these derivatives exchanges aren't allowing naked shorting:



To be fair 11k is nothing compared to the entire float.
iCEBREAKER
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October 03, 2014, 09:32:14 PM
 #13180

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage.  If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.
Silver is not gold. How much silver do central banks hold?

FNG, you are making NL's point for him.

Silver is at a ridiculous 70:1 ratio vs gold precisely because it has been completely (while gold has only been partially) demonetized.

When silver is re-monetized, and central banks revert to the norm of buying/holding it in their reserves, the ratio will fall towards the historic average of 16:1.

The Canadian Mint has some very cool new 10oz bars with anti-counterfeiting features.  I'm sorely tempted to buy some, but I know Dr. Cypher would never forgive me!   Grin


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