Gold collapsing. Bitcoin UP.

[bitcoinBull]

Gold and Silver traded nicely today

Got the squeeze/pop I was waiting for. Time open the short? 

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[silverbox]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

[bitcoinBull]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

Well, I'm not so confident that I would've went long waiting for that pop, since its contrary to the trend. But since the trend is down, I will risk the timing to get a bit of short action.

Same reason I'm not selling bitcoin, selling into an uptrend is too risky for my taste. More likely to buy back higher (not lower).

[molecular]

hey guys, did you see bitdaytrade.com. One can go short/long on gold using bitcoins with up to 1:50 (!!) leverage.

I don't know how trustworthy/robust they are, but I just opened a long position of 0.02 gold contracts (0.02 oz).

[dopamine]

I have also added a small position on bitdaytrade.com @ 50:1. Trading gold future contracts with bitcoins

[cypherdoc]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

[cypherdoc]

The Silverox Update:

Gold:  -8%

Bitcoin:  +18%

Diff:  26%

silverox GPL:  -13%

cypher's GLD short:  +1%, SLV short: +3.91%  miner shorts:  RGLD: +3.91%, GG: +3.78%, SLW:  +3.35%,

[silverbox]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

[notme]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

Then how can you, in good conscious, support it financially?

[silverbox]

The Silverox Update:

Gold:  -8%

Bitcoin:  +18%

Diff:  26%

silverox GPL:  -13%

cypher's GLD short:  +1%, SLV short: +3.91%  miner shorts:  RGLD: +3.91%, GG: +3.78%, SLW:  +3.35%,

How does GLD short at 152, with GLD at 152  =  +1%.. Shouldn't that be 0%??  Do I need to check all your other math too?

[silverbox]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

Then how can you, in good conscious, support it financially?

Good conscious??  WTF is that??  I don't make the rules, I just play the game

[notme]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

Then how can you, in good conscious, support it financially?

Good conscious??  WTF is that??  I don't make the rules, I just play the game

You don't play the game, you support it with your money.  I short sell so when things get bad I can help soften the landing.  You just push it higher so it crashes harder.

[HorseRider]

Forbeschina translated the article written by Matonis, Accumulating Large (Bitcoin) Balances

http://www.forbeschina.com/review/201206/0017876.shtml

[silverbox]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

Then how can you, in good conscious, support it financially?

Good conscious??  WTF is that??  I don't make the rules, I just play the game

You don't play the game, you support it with your money.  I short sell so when things get bad I can help soften the landing.  You just push it higher so it crashes harder.

If your in the game, your playing too.  If you really wanted to act in good conscious, you wouldn't support anything fiat related..  Go cashless!!  Life free of fiat!!  Don't support a broken system!!

[cypherdoc]

The Silverox Update:

Gold:  -8%

Bitcoin:  +18%

Diff:  26%

silverox GPL:  -13%

cypher's GLD short:  +1%, SLV short: +3.91%  miner shorts:  RGLD: +3.91%, GG: +3.78%, SLW:  +3.35%,

How does GLD short at 152, with GLD at 152  =  +1%.. Shouldn't that be 0%??  Do I need to check all your other math too?

if you'll recall, it wasn't just one trade.

[silverbox]

The Silverox Update:

Gold:  -8%

Bitcoin:  +18%

Diff:  26%

silverox GPL:  -13%

cypher's GLD short:  +1%, SLV short: +3.91%  miner shorts:  RGLD: +3.91%, GG: +3.78%, SLW:  +3.35%,

How does GLD short at 152, with GLD at 152  =  +1%.. Shouldn't that be 0%??  Do I need to check all your other math too?

if you'll recall, it wasn't just one trade.

What I recall is you stated you shorted GLD at 152, and to put it in the record.  .  I can go dig up the post I guess

[SkRRJyTC]

Because hedging and adding to your position is cheating remember... 

[silverbox]

I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..

well, me for one.  i put on a huge GLD short at $152.17

yes, you can put that one in the record too.

recorded!

You might regret this one

Right here.

[silverbox]

Because hedging and adding to your position is cheating remember... 

Nope, but none of that got disclosed at the time.  Its easy to go well I uh hedged and made this trade and that trade  weeks after the fact..

[notme]

Short at your own risk, I wouldn't even consider it..  More printing is right around the corner.

You're a Keynesian wrapped in Gold Cloth. 

Sort of, I bet that way.

I think Keynesian Economics are a Ponzi scheme that is horribly destructive in the long run in the name of short term stability.. 

Then how can you, in good conscious, support it financially?

Good conscious??  WTF is that??  I don't make the rules, I just play the game

You don't play the game, you support it with your money.  I short sell so when things get bad I can help soften the landing.  You just push it higher so it crashes harder.

If your in the game, your playing too.  If you really wanted to act in good conscious, you wouldn't support anything fiat related..  Go cashless!!  Life free of fiat!!  Don't support a broken system!!

Whatever.  If you can't see the difference between exaggerating the effects of money printing and reducing them, I can't help you.