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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808466 times)
cypherdoc
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June 20, 2012, 02:22:31 PM
 #2161

The Silverox Update:

Bitcoin:  +21.7%

Gold:  -6%

Diff:  27.7%
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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miscreanity
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June 20, 2012, 02:35:00 PM
 #2162

Gold down, Bitcoin UP.

You do realize that Ben blabs today, right? And that it would look very bad if gold were flying in the face of the world's monetary and political overlords? And that the illusion of 'worthless' gold has to be maintained so that otherwise intelligent people will foolishly reject it? And that every time you've pointed out gold as being down recently, it soon claws back up? And that gold will lag because it's a much bigger market and it moves more slowly than Bitcoin?
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June 20, 2012, 03:28:30 PM
 #2163

The Silverox Update:

Bitcoin:  +21.7%

Gold:  -6%

Diff:  27.7%

Cover that short on GLD yet?  Last chance Wink
cypherdoc
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June 20, 2012, 04:14:06 PM
 #2164

The Silverox Update:

Bitcoin:  +21.7%

Gold:  -6%

Diff:  27.7%

Cover that short on GLD yet?  Last chance Wink

sell GPL or the other miners yet?  last chance Wink
silverbox
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June 20, 2012, 04:17:38 PM
 #2165

The Silverox Update:

Bitcoin:  +21.7%

Gold:  -6%

Diff:  27.7%

Cover that short on GLD yet?  Last chance Wink

sell GPL or the other miners yet?  last chance Wink

Naw, they ain't gonna stop printing money, if the fed doesn't QE, I just wait, if they do QE, you will never see silver/gold this low again (and you'll be eating those shorts, hopefully sooner rather then later cause it gets ugly fast if you have to eat your shorts Wink)
cypherdoc
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June 20, 2012, 04:25:41 PM
 #2166

The Silverox Update:

Bitcoin:  +21.7%

Gold:  -6%

Diff:  27.7%

Cover that short on GLD yet?  Last chance Wink

sell GPL or the other miners yet?  last chance Wink

Naw, they ain't gonna stop printing money, if the fed doesn't QE, I just wait, if they do QE, you will never see silver/gold this low again (and you'll be eating those shorts, hopefully sooner rather then later cause it gets ugly fast if you have to eat your shorts Wink)

naw, you want to see ugly?  wait til we break below the 5/16 low Wink  and we're oh so close.
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June 20, 2012, 04:29:26 PM
 #2167

Gold down, Bitcoin UP.

You do realize that Ben blabs today, right? And that it would look very bad if gold were flying in the face of the world's monetary and political overlords? And that the illusion of 'worthless' gold has to be maintained so that otherwise intelligent people will foolishly reject it? And that every time you've pointed out gold as being down recently, it soon claws back up? And that gold will lag because it's a much bigger market and it moves more slowly than Bitcoin?

its amazing how we see things 180 degrees differently.
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June 20, 2012, 04:35:10 PM
 #2168

WHAT?!  No more QE!!!  How dare you!
adamstgBit
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June 20, 2012, 04:40:37 PM
 #2169


2000$ an OZ in a few years? not a bubble my ass

ponzi scheme, Poooonzi scheme, ponzi scheme!

but that's OK because its controlled by banks & governments   Wink


BTC <- wow cool look you can now insert this btc symbol  in your post easily

miscreanity
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June 20, 2012, 04:54:59 PM
 #2170

Such excitement over what was expected? Has everyone forgotten that Ben speaks in 90 minutes?

The intention so far is not to disturb the markets, but also to keep the warning signs from triggering. Hence the attempt to prop up everything US. The problem is that things are sliding in the opposite direction no matter how much effort is made to keep that from happening.

Bernanke's announcement may very well reverse all of that in a typical bankster move designed to squeeze the last bit it can during a 'major' event. At worst, the 2nd quarter data in early July will see the last desperate measures before capitulating and riding the built-up pressure to new levels of 'profitability' and bonus payouts.

Being long Bitcoin and gold means you don't have to care what happens. I'm going to do something worthwhile instead of listening to hot air from the bearded one. Enjoy the circus!
silverbox
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June 20, 2012, 05:18:15 PM
 #2171

Oh well, I wait till next meeting for gold and silver to take off Wink.

Cypher might even get enuf of a skinny dip to get out of his shorts (not like he needs an excuse Wink)
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June 20, 2012, 06:43:21 PM
 #2172


cypherdoc
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June 20, 2012, 06:46:12 PM
 #2173

Let the selling resume!!
cypherdoc
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June 20, 2012, 06:53:41 PM
 #2174

Yeehaw,

Gold DOWN, Bitcoin UP!!!
miscreanity
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June 20, 2012, 07:04:33 PM
 #2175

Yeehaw,

Gold DOWN, Bitcoin UP!!!

Gold is up $2 or about 0.1% from its NY open today. Bitcoin is up $0.10 or about 1.5% during the same period. Today was a circle-jerking non-event. Relax.
cypherdoc
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June 20, 2012, 07:12:18 PM
 #2176

look again.
miscreanity
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June 20, 2012, 07:25:46 PM
 #2177

Shocking! Gold is now down a whopping $2. Oh, wait! Now it's flat! Up a dollar, down a dollar, flat, down 2, up 3... based on these numbers, I predict that the melting point of fused quartz will fall to 600oC. Any wonder why day-trading is for algos and suckers?

I haven't even bothered to look at the futures volume, though I'm sure it'll be amusing. So now the question you need to answer is: why isn't gold breaking down?
adamstgBit
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June 20, 2012, 07:39:33 PM
 #2178

...
So now the question you need to answer is: why isn't gold breaking down?

market manipulation?

miscreanity
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June 20, 2012, 07:41:45 PM
 #2179

...
So now the question you need to answer is: why isn't gold breaking down?
market manipulation?

In support of gold?
cypherdoc
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June 20, 2012, 07:45:08 PM
 #2180

somebody else has finally figured out what i've been saying for years:

http://www.zerohedge.com/news/presenting-fundamental-flaw-feds-thinking
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