Gold collapsing. Bitcoin UP.

[silverbox]

That dollar index looks like its a falling..

Did you cover your GLD short at 152 yet cypher??

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[cypherdoc]

That dollar index looks like its a falling..

Did you cover your GLD short at 152 yet cypher??

no.  i told you all already i sold my GDXJ long hedge last Friday during the ramp which had neutralized my GLD, SLV short and ADDED to my gold shorts.  shorted GG, SLW, GLD, SLV, ZSL all on Friday.

my subscribers can vouch for everything i say.

[cypherdoc]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

[silverbox]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling.. 

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

[SkRRJyTC]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

USDX isnt falling... not until its below $81 would I call it falling.

EDIT $82 is an important level too... just not as important IMO

[cypherdoc]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling.. 

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

[silverbox]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling.. 

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. 

[SkRRJyTC]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling.. 

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. 

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

[silverbox]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..  

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

Oh I understand the deflationary argument.  I just don't agree with it.  

[SkRRJyTC]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..  

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

Oh I understand the delationary argument.  I just don't agree with it.  

Fair enough... the deflation argument was/is really hard for me to wrap my head around.  It's just never a good idea to bet against something you dont understand.

EDIT: listening to it again now actually

[cypherdoc]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling.. 

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true.. 

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

its funny how i can sit here and make the same arguments over and over again like i have since the first gold thread back in August and nobody listens or cares to even understand the theory.  but when someone who has a shred of credibility or who is at least more "visible" on the pundit scene makes the same argument, everyone listens.  oh well.

even some of my own subscribers don't believe me, lol!

[silverbox]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..  

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

Oh I understand the deflationary argument.  I just don't agree with it.  

Fair enough... the deflation argument was/is really hard for me to wrap my head around.  It's just never a good idea to bet against something you dont understand.

EDIT: listening to it again now actually

Nothing more then there won't be enuf money to go around.  The problem is the Fed can make as much money as it wants....  Hard to have a shortage of something that you can create an infinite amount of..  

[SkRRJyTC]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..  

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

Oh I understand the deflationary argument.  I just don't agree with it.  

Fair enough... the deflation argument was/is really hard for me to wrap my head around.  It's just never a good idea to bet against something you dont understand.

EDIT: listening to it again now actually

Nothing more then there won't be enuf money to go around.  The problem is the Fed can make as much money as it wants....  Hard to have a shortage of something that you can create an infinite amount of..  

Paraphrased quote from the vid
"1. The central banks are working in a credit system.  2. If all there was in currency out there it would be different.  3. The US depends on the integrity of its bonds and assets.  4. This couldn't be solved by printing dollars even if they wanted to"

The part I have real trouble understanding is what happens between step 3 and 4.  Why does a default hurt less then hyperinflation?

[cypherdoc]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

for this you need to understand the deflationary argument.  go back and listen to the Turk Prechter interview i put up.

I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..  

That video was the first time I ever came close to understanding the deflation argument.

Give it another try... its good to understand the other side of the argument even if you disagree with it.

Oh I understand the deflationary argument.  I just don't agree with it.  

Fair enough... the deflation argument was/is really hard for me to wrap my head around.  It's just never a good idea to bet against something you dont understand.

EDIT: listening to it again now actually

Nothing more then there won't be enuf money to go around.  The problem is the Fed can make as much money as it wants....  Hard to have a shortage of something that you can create an infinite amount of..  

Paraphrased quote from the vid
"1. The central banks are working in a credit system.  2. If all there was in currency out there it would be different.  3. The US depends on the integrity of its bonds and assets.  4. This couldn't be solved by printing dollars even if they wanted to"

The part I have real trouble understanding is what happens between step 3 and 4.  Why does a default hurt less then hyperinflation?

well, one simplified reason is that a default leads to just a resetting of the existing system; HI results in a trashing of the entire existing system.  which is easier and preserves the status quo?

[tvbcof]

...
even some of my own subscribers don't believe me, lol!

I think that SilverBox said it best.  Something like: 'I like you cypherdoc...I'm just not going to jump off the bridge with you.'

[SkRRJyTC]

'a default leads to just a resetting of the existing system'

?  Why doesnt every country default on every debt immediately then?

.. My question is what are the consequences of defaulting on debt?  Because the consequences of printing lots of money is easy to see...

[cypherdoc]

...
even some of my own subscribers don't believe me, lol!

I think that SilverBox said it best.  Something like: 'I like you cypherdoc...I'm just not going to jump off the bridge with you.'

i already know he likes me.  now, if you said you liked me that would mean something.

[cypherdoc]

'a default leads to just a resetting of the existing system'

?  Why doesnt every country default on every debt immediately then?

.. My question is what are the consequences of defaulting on debt?  Because the consequences of printing lots of money is easy to see...

can't you see happening?  Iceland, Ireland to a degree, Greece, soon to be Spain.

things happen slowly at first, then all at once.  even the US will one day.

[cypherdoc]

'a default leads to just a resetting of the existing system'

?  Why doesnt every country default on every debt immediately then?

.. My question is what are the consequences of defaulting on debt?  Because the consequences of printing lots of money is easy to see...

It is a problem of managing liquidity.

If there were no debt there would be no money.

Thank You.

[tvbcof]

...
even some of my own subscribers don't believe me, lol!

I think that SilverBox said it best.  Something like: 'I like you cypherdoc...I'm just not going to jump off the bridge with you.'

i already knows he likes me.  now, if you said you liked me that would mean something.

The only reason I credited it to Silverbox was out of fairness.  Else I'd gladly have said it myself...and, like most things I say, there would be a fair amount of truth though this can be obscured under layers of other stuff.