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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804975 times)
silverbox
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June 28, 2012, 03:11:02 PM
 #2341

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.
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cypherdoc
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June 28, 2012, 03:13:58 PM
 #2342

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.
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June 28, 2012, 03:18:21 PM
 #2343

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

Not knifecatching.  Dollar cost averaging into a minor downturn..
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June 28, 2012, 03:23:16 PM
 #2344

you might want to wait until it gets back down to $0.14 before you add anymore in b/c that's where the charts are telling you it's going:

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June 28, 2012, 03:28:19 PM
 #2345

you might want to wait until it gets back down to $0.14 before you add anymore in b/c that's where the charts are telling you it's going:



If silver goes to $10 your right, its worthless.  I don't see silver going to $10 Wink.
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June 28, 2012, 03:37:12 PM
 #2346

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

Not knifecatching.  Dollar cost averaging into a minor downturn..

minor?  GPL is down close to 20%!  if i made a recommendation like that to my subs they'd dump me in an instant.  this is what u don't realize when u accuse me of cheerleading; i'm held accountable for what i say or recommend.
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June 28, 2012, 03:44:01 PM
 #2347

the first signs of nausea are appearing.

this won't end until everyone is PUKING up their longs.
silverbox
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June 28, 2012, 03:54:28 PM
 #2348

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

Not knifecatching.  Dollar cost averaging into a minor downturn..

minor?  GPL is down close to 20%!  if i made a recommendation like that to my subs they'd dump me in an instant.  this is what u don't realize when u accuse me of cheerleading; i'm held accountable for what i say or recommend.

So when you said to buy BTC at $22. 

get ready to buy. Wink

https://bitcointalk.org/index.php?topic=14914.msg200056#msg200056

You should be accountable for that? 


I hope one day that will actually be good advice Wink


You know all that silver bullion you sold at the "top" of silver... You state here:

https://bitcointalk.org/index.php?topic=16005.msg210062#msg210062

That you used those proceeds to BUY BTC.. on June 12, 2011.  BTC price was $17..

Hows that working out for you?  sold silver at the top to buy into BTC at near the top..  Then BTC crashed to $2..  Nice trade mate.  17 to 2, fucking brilliant!

Yup I'm down 20% on the one trade I disclosed, we'll see where it goes from here, I think I can outperform your 88% loss on your move into BTC with your silver proceeds.
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June 28, 2012, 04:02:33 PM
 #2349

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

Not knifecatching.  Dollar cost averaging into a minor downturn..

minor?  GPL is down close to 20%!  if i made a recommendation like that to my subs they'd dump me in an instant.  this is what u don't realize when u accuse me of cheerleading; i'm held accountable for what i say or recommend.

So when you said to buy BTC at $22. 

get ready to buy. Wink

https://bitcointalk.org/index.php?topic=14914.msg200056#msg200056

You should be accountable for that? 


I hope one day that will actually be good advice Wink


You know all that silver bullion you sold at the "top" of silver... You state here:

https://bitcointalk.org/index.php?topic=16005.msg210062#msg210062

That you used those proceeds to BUY BTC.. on June 12, 2011.  BTC price was $17..

Hows that working out for you?  sold silver at the top to buy into BTC at near the top..  Then BTC crashed to $2..  Nice trade mate.  17 to 2, fucking brilliant!

Yup I'm down 20% on the one trade I disclosed, we'll see where it goes from here, I think I can outperform your 88% loss on your move into BTC with your silver proceeds.

no.  i didn't have subs back then and this is the Spec Forum.  that thread was filled with trolling, me included.

it's also clear that i started buying @ $1.60 last year April and then again @ $2 last November.

overall i'm up on my Bitcoin so don't feel sorry for me.
silverbox
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June 28, 2012, 04:14:16 PM
 #2350

It's TIME for all pm bulls to step and BUY.

Never mind that SLV has broken the Dec lows and is going to plunge.

It stays this low or lower into the next FOMC meeting and I'll be buying more GPL.

Knifecatcher.

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

Not knifecatching.  Dollar cost averaging into a minor downturn..

minor?  GPL is down close to 20%!  if i made a recommendation like that to my subs they'd dump me in an instant.  this is what u don't realize when u accuse me of cheerleading; i'm held accountable for what i say or recommend.

So when you said to buy BTC at $22. 

get ready to buy. Wink

https://bitcointalk.org/index.php?topic=14914.msg200056#msg200056

You should be accountable for that? 


I hope one day that will actually be good advice Wink


You know all that silver bullion you sold at the "top" of silver... You state here:

https://bitcointalk.org/index.php?topic=16005.msg210062#msg210062

That you used those proceeds to BUY BTC.. on June 12, 2011.  BTC price was $17..

Hows that working out for you?  sold silver at the top to buy into BTC at near the top..  Then BTC crashed to $2..  Nice trade mate.  17 to 2, fucking brilliant!

Yup I'm down 20% on the one trade I disclosed, we'll see where it goes from here, I think I can outperform your 88% loss on your move into BTC with your silver proceeds.

no.  i didn't have subs back then and this is the Spec Forum.  that thread was filled with trolling, me included.

it's also clear that i started buying @ $1.60 last year April and then again @ $2 last November.

overall i'm up on my Bitcoin so don't feel sorry for me.

Cheers Wink.  I'm a BTC bull too Wink.  I'd have probably been cheerleading for it to go higher as it crashed also, lol.
MatthewLM
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June 28, 2012, 04:28:02 PM
 #2351

I think I'll finally be able to purchase bitcoins starting next week. Hopefully the price will go back a bit by that time.

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cypherdoc
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June 28, 2012, 04:40:37 PM
 #2352

My new favorite color:  RED
MatthewLM
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June 28, 2012, 04:46:28 PM
 #2353

RED GREEN BLUE YELLOW BLACK RED ORANGE PURPLE BLUE

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molecular
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June 28, 2012, 04:47:20 PM
 #2354

this thread used to be one of my favorites, interesting to read. now it's some sort of a pissing contest? well, what the hell, I'll just be checking back in a few weeks, keep going guys Wink

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
silverbox
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June 28, 2012, 08:53:11 PM
 #2355

I'm looking for a chart of the 1st derivative of the US federal deficit vs time, plotted with Gold and the Dow.

Anyone know where to find this?
miscreanity
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June 29, 2012, 01:18:37 AM
 #2356

It's TIME for all pm bulls to step and BUY physical.

Never mind that SLV has broken the Dec lows and is going to plunge.

Smiley

Oh, hey cypherdoc - I hope you're ready to gloat for about a week. I still wouldn't trade these markets even if my last name were Bernanke. Hope you keep stops in place to next month Smiley

I must've been 'lucky' to have called that three days in advance.

Quote from: Ayn Rand
You can ignore reality, but you can’t ignore the consequences of ignoring reality. ~Ayn Rand

No amount of luck can prevent reality from crashing back down on your illusion; it's only a matter of time.

Quote
The relational values are my educated guess as to how each of several different types of value apply to each of the assets presented. Subjective is obviously from the subjective theory of value, just as intrinsic infers the intrinsic theory of value. Production value is the input cost, or the labor theory of value.

In the last one I think you mean the cost theory of value?

Hard to make a definitive choice between the two; cost theory seems more rigid, but they could both be applied with similar results. I think it might make more sense to apply cost theory to paper gold (when it was directly tied to actual gold in fixed ratio certificate form) because that has to take into account the underlying asset it lays claim to, even though the actual cost to product a paper claim certificate is marginal.

Well prices are determined through the subjective valuations of market participants. The production cost comes into it because if the price falls below the production cost then producers that produce at this cost will no longer be profitable. With less supply from production because of less profitability then there is an upward pressure on prices. This is due to markets tending towards equilibrium where supply and demand meet. When selling something, you do not want to run out of stock, so if there is less supply, the demand will be greater for the sellers that continue to exist and hence they can raise prices which will lower the actual demand because higher prices removes willing buyers.

All simple economics.

Yup. I think the confusion is two-fold: missing the fact that gold is a currency and the paper representation of gold is not the same as physical gold.



Paper gold used to be a direct 1:1 claim on physical gold. That convertibility alone is what lent credibility to the paper. This is why the production cost, leaning more toward cost theory, is almost the entire valuation. The paper itself may be worth almost nothing, but what it represents is very valuable - and that representation is the entire valuation.

Once convertibility is severed, as it was in a sense during 1933 and again in finality after 1971, the value of the paper depends entirely on what people think it's worth. After having been psychologically conditioned to recognize the dollar being "as good as gold", it is very difficult to grasp the change that becomes "instead of gold".

A visual example, and the play-by-play:
  • 0:00-0:05; going great
  • 0:05-0:10; run away from deflation
  • 0:10-0:13; going great
  • 0:13; separate from gold
  • 0:18; realize the danger
  • 0:21-0:30; hit crisis and collapse
  • 0:35 onward, pursue Keynesian/MMT policies

Listen to Ben Davies KWN podcast.  There's a structural problem with how mining companies have been financing themselves.  MANY will go out of business.

And when they do, their real assets don't disappear like paper. They'll be acquired and capitalized on by stronger companies. The difference here is that returns won't be as high. Royalty companies (RGLD, SLW, TRX, etc) may be the best option.
silverbox
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June 29, 2012, 02:31:24 PM
 #2357

how bout this?  i will admit i'm wrong if the Dow gets back up over the 5/1/12 high or gold gets back up over the 2/28/12 high by the end of the year.

you make a similar commitment.  you'll notice, btw, that i've made realistic targets that are reasonably easy to reach for you to call me wrong.

why don't you commit to something like gold won't go below 1523 or that silver won't go below the December low of 26.14 by the end of the year?  or that the Dow won't go below the 6/4/12 low?

lol Wink You called for a CRASH in the stock market.  I want to see 7k dow.  You called for a COLLAPSE of gold with a target of 400.  I want to see 800 gold by the end of the year.

If I see those, I'll say you were right, we had a stock market CRASH and a COLLAPSE in gold.

You have got the direction right for the last 3-4 months, but the magnitude is WAY off Wink.  More power to you for making money on a minor pullback, I personally just think its VERY risky, because things can turn fast, and you can get caught with your pants down.  Especially with triple leverage and shorts..

It could downtrend for the rest of the year, I don't see it. I think something will catalyze the market and we will have a nice 2nd half or last quarter of 2012, but I could be wrong.


hmmmm...
cypherdoc
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June 29, 2012, 02:41:19 PM
 #2358

"We will deal with next quarter, Monday".
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June 30, 2012, 12:01:44 AM
 #2359


Full disclosure:  Major-ish purchase of phyzzz today (Au this time.)  Lost $50/oz by being 4 hours to late accd to my dealer's whiteboard.  ($1648-ish @ 1600 spot and 1oz KRs for those who are interested.)  Oh well...I never really try to time these things with any sort of precision...just when things line up and are convenient I'll soak up some more.  Good move?  Bad move?  Time will tell.


silverbox
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June 30, 2012, 12:10:59 AM
 #2360


Full disclosure:  Major-ish purchase of phyzzz today (Au this time.)  Lost $50/oz by being 4 hours to late accd to my dealer's whiteboard.  ($1648-ish @ 1600 spot and 1oz KRs for those who are interested.)  Oh well...I never really try to time these things with any sort of precision...just when things line up and are convenient I'll soak up some more.  Good move?  Bad move?  Time will tell.



Bummer on being a day late Wink
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