Gold collapsing. Bitcoin UP.

[silverbox]

So your still not gonna cover then

Hopefully it dips back down..

[1714216752]

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[1714216752]

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[1714216752]

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[cypherdoc]

So your still not gonna cover then

Hopefully it dips back down..

no; i believe this was a short covering rally and a counter trend bounce.  now we go down and penetrate the Dec lows.

[silverbox]

So your still not gonna cover then

Hopefully it dips back down..

no; i believe this was a short covering rally and a counter trend bounce.  now we go down and penetrate the Dec lows.

Thats one take on it.. Another is that the Mainline trend for the last 10 years has been reestablished and the last 6-9 months was the counter trend, and we will go up from here..

I'm not sure that one is true either

[cypherdoc]

So your still not gonna cover then

Hopefully it dips back down..

no; i believe this was a short covering rally and a counter trend bounce.  now we go down and penetrate the Dec lows.

Thats one take on it.. Another is that the Mainline trend for the last 10 years has been reestablished and the last 6-9 months was the counter trend, and we will go up from here..

I'm not sure that one is true either

hey, i can finally say, based on your metric; Gold down, Bitcoin UP!

[miscreanity]

Lastly, I haven't weighed in on the equities decline because it hasn't had the ring of true concern; it's been more like a toddler's temper tantrum than a genuine emergency situation. This has been highlighted nicely by Eric De Groot.

Eric Degroot will be wrong; again.

I wonder what your definition of 'wrong' is.

The Australian dollar experienced large-scale accumulation on its decline. After a week it dipped 300bp then rose the same amount to form a V bottom on the dailies, and with very few along for the ride.

Statistical concentration of capital is an overweight position and ripe for reversal. Within two days of the linked post, the dollar and the long bond slowed their ascent while gold shot up almost $100.

GLD statistically oversold means that there isn't much downside left. Where are we now? From 152, GLD rose to 159.

TLT flashed a warning on June 1st and is now down a hefty 5 points from that peak.

Brent crude is back over $100 and NYMEX is sure to follow, as accumulation is occuring here as well.

[miscreanity]

One more thing to watch: the gold-silver ratio has now failed a third attempt to breach the 56-57 range high established in September 2011. Continued breakdown of the ratio will be a very good sign.

[silverbox]

10 to 1 here we come!!

[cypherdoc]

10 to 1 here we come!!

Nope.  down we go!

[MatthewLM]

Same story from Bernanke: super low interest rates to continue.

[cypherdoc]

10 to 1 here we come!!

Nope.  down we go!

he is talking about the ratio of value of gold to silver. gold could fall to 280 and he would still be correct 

I realize that.  The lower the ratio goes the more bullish the environment.  Nope.

[cypherdoc]

Gold even further down, Bitcoin further UP!

how come we don't get updates from silverbox anymore?

[cypherdoc]

10 to 1 here we come!!

Nope.  down we go!

he is talking about the ratio of value of gold to silver. gold could fall to 280 and he would still be correct  

I realize that.  The lower the ratio goes the more bullish the environment.  Nope.

yeah, that is the normal thinking... i am not so sure honestly. once the cent banks dump gold to get their new super world currency it will be the natural ratio again.

in a bullish environment, when the ratio goes down, both metals will usually go up, silver more so.

[silverbox]

Gold even further down, Bitcoin further UP!

how come we don't get updates from silverbox anymore?

lol, its only been like 2 days since the last one, I'll get to it in a minute

[cypherdoc]

Gold even further down, Bitcoin further UP!

how come we don't get updates from silverbox anymore?

lol, its only been like 2 days since the last one, I'll get to it in a minute

not a good response/update.  i expected something better from you like:

"GIVE ME MY 10 BTC's!"

[cypherdoc]

GLD, SLV, SLW, GG all getting smashed.  ZSL and DZZ up good.

[silverbox]

Gold even further down, Bitcoin further UP!

how come we don't get updates from silverbox anymore?

lol, its only been like 2 days since the last one, I'll get to it in a minute

not a good response.  i expected something better from you like:

"GIVE ME MY 10 BTC's!"

Oh lol

[cypherdoc]

Gold even further down, Bitcoin further UP!

how come we don't get updates from silverbox anymore?

lol, its only been like 2 days since the last one, I'll get to it in a minute

not a good response.  i expected something better from you like:

"GIVE ME MY 10 BTC's!"

Oh lol

you know that i will be right.  it's just taking longer than a damn 2 mo.  so close though, got down to 522.

[silverbox]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 6/7

Bitcoin 5.50   (up ~2%)

Gold 1585  (down ~6%)

BTC is up ( finally; 3 months after the call  )  Gold still hasn't collapsed.  BTC is outperforming gold.


AAPL 572  (just a few more days)

GLD 154 (cypher shorted at 152)

and this definately wasn't cherry picking, as gold is getting hammered today, cause the bearded one forgot to mention he's gonna open a couple more spillways

[cypherdoc]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 6/7

Bitcoin 5.50   (up ~2%)

Gold 1585  (down ~6%)

BTC is up ( finally; 3 months after the call  )  Gold still hasn't collapsed.  BTC is outperforming gold.


AAPL 572  (just a few more days)

GLD 154 (cypher shorted at 152)

and this definately wasn't cherry picking, as gold is getting hammered today, cause the bearded one forgot to mention he's gonna open a couple more spillways

corrections:

1.  i never said the beginning of this thread was a starting point.  it was a general continuation call from last year August.

2.  my GLD short was hedged by a GDXJ long which I took off last Friday so now I am net positive on the paired trade.

3.  the GG, DZZ, ZSL and SLW shorts are killin' it.

4.  yes, i'm going to lose on the Apple bet.  how did i let him change the original proposal that AAPL wouldn't hit 700?

5.  oh yes; silverbox is upside down on his miner trade  

[silverbox]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 6/7

Bitcoin 5.50   (up ~2%)

Gold 1585  (down ~6%)

BTC is up ( finally; 3 months after the call  )  Gold still hasn't collapsed.  BTC is outperforming gold.


AAPL 572  (just a few more days)

GLD 154 (cypher shorted at 152)

and this definately wasn't cherry picking, as gold is getting hammered today, cause the bearded one forgot to mention he's gonna open a couple more spillways

corrections:

1.  i never said the beginning of this thread was a starting point.  it was a general continuation call from last year August.

2.  my GLD short was hedged by a GDXJ long which I took off last Friday so now I am net positive on the paired trade.

3.  the GG, DZZ, ZSL and SLW shorts are killin' it.

4.  yes, i'm going to lose on the Apple bet.  how did i let him change the original proposal that AAPL wouldn't hit 700?

5.  oh yes; silverbox is upside down on his miner trade  

lol.

1.  You titled the thread gold collapsing, bitcoin up..  How could that not be the start point of this thread and discussion..

2.  Your GLD short in and of itself is underwater.  You announce it and asked for it to be recorded here: https://bitcointalk.org/index.php?topic=68655.msg932843#msg932843

3.  My phyzz I purchased in 2006-7 is killin it too!!  so??

4.  Yup, you called for a massive collapse in the stock market, then made a bet based upon that call that was supposed to prove that your call was right.  It didn't collapse, your losing the bet.      Where is this corner you were calling for??  This doensn't even qualify as a bend as far I'm concerned much less a corner   More of a small pullback with sideways action from there..

5.  What miner trade is that??