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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804028 times)
cypherdoc
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August 30, 2012, 05:05:32 PM
 #3041

Again, not that important of a drop. This week correction represent about 30% of last week rally.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.


here's an alternative view of that proposal using GLD.  what i see is a false break up followed by failure and now resistance.  price is being forced down.  also the first of 2 gaps of the breakout has been filled with the 2nd one on deck.  i covered all this in my newsletter:

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labestiol
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August 30, 2012, 05:15:34 PM
 #3042





I disagree  Grin (Funny that our charts reflects our long term view)
Anyway, we should know soon enough

EDIT : My chart is gold spot market, yours is GLD. Where can we find the comex one ?

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bitcool
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August 30, 2012, 05:34:43 PM
 #3043

I'd be more worried if we see GS keep rallying before the Hole speech.
cypherdoc
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August 30, 2012, 05:35:56 PM
 #3044

the /GC futures matches your chart.
cypherdoc
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August 30, 2012, 05:36:52 PM
 #3045

I'd be more worried if we see GS keep rallying before the Hole speech.


its not though.  bad sign for the inflationists.
labestiol
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August 30, 2012, 05:40:18 PM
 #3046

the /GC futures matches your chart.


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labestiol
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August 30, 2012, 05:42:55 PM
 #3047

I'd be more worried if we see GS keep rallying before the Hole speech.


its not though.  bad sign for the inflationists.

If you listen to what Jim Rickards says, nothing will come out of Jackson Hole. Bernanke will wait for the decision of the german constitutional court, and annonce whatever form of QE on the 13th
Is he right ? I have no idea

EDIT : talking about Jim Rickards

http://www.bloomberg.com/video/should-the-u-s-return-to-the-gold-standard-wsDVrOKATTqyTaG5yBY1kQ.html

And for those who didn't, i really advise reading his book Currency Wars

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jojo69
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August 30, 2012, 06:33:36 PM
 #3048

gold and silver folding like a cheap suit.

That wouldn't be the same suit my OzT Au can still buy would it?

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
cypherdoc
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August 30, 2012, 06:41:55 PM
 #3049

gold and silver folding like a cheap suit. Grin
What kind of folding are you talking about? two-fold or three fold ?  Grin

well its folding for the second time in one day so i guess i'd call it a two-fold.  Cheesy
miscreanity
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August 30, 2012, 07:53:07 PM
 #3050

gold and silver folding like a cheap suit.
Roll Eyes
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
Roll Eyes

Taking a breather after a 4% rally in 1-week is healthy, and extremely helpful in keeping purely technical analysts from jumping on the gold train due to uncertainty. Hedge funds and other managed money funds are again being eaten alive yet again, distracted by paper price movement while physical continues moving against the general consensus.
cypherdoc
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August 30, 2012, 08:14:27 PM
 #3051

gold and silver folding like a cheap suit.
Roll Eyes
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
Roll Eyes

Taking a breather after a 4% rally in 1-week is healthy, and extremely helpful in keeping purely technical analysts from jumping on the gold train due to uncertainty. Hedge funds and other managed money funds are again being eaten alive yet again, distracted by paper price movement while physical continues moving against the general consensus.

Translation:  Stay calm everyone.  We need order, order.
miscreanity
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August 30, 2012, 08:21:13 PM
 #3052

Translation:  Stay calm everyone.  We need order, order.

Nah, it's more fun to watch the technical analysts ignore reason and panic over what Ben may or may not say. It's almost as entertaining as this whole Pirate fiasco. Smiley
cypherdoc
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August 30, 2012, 08:24:20 PM
 #3053

Translation:  Stay calm everyone.  We need order, order.

Nah, it's more fun to watch the technical analysts ignore reason and panic over what Ben may or may not say. It's almost as entertaining as this whole Pirate fiasco. Smiley

well, i'll tell you what.  if he doesn't say what you want him to say, gold and silver are gonna plunge.
miscreanity
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August 30, 2012, 08:27:10 PM
 #3054

well, i'll tell you what.  if he doesn't say what you want him to say, gold and silver are gonna plunge.

Wink
cypherdoc
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August 30, 2012, 08:30:34 PM
 #3055

well, i'll tell you what.  if he doesn't say what you want him to say, gold and silver are gonna plunge.

Wink


yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy
miscreanity
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August 30, 2012, 08:40:10 PM
 #3056

yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.

yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy

Someone seems to be obsessed with my body... cypherdoc, was this what you were really after when you invited me to go fishing?

At least my phyzzz is safe Smiley
cypherdoc
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August 30, 2012, 08:45:29 PM
 #3057

yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.

yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy

Someone seems to be obsessed with my body... cypherdoc, was this what you were really after when you invited me to go fishing?

At least my phyzzz is safe Smiley

actually i've seen guys with flower vases up their rectums.  perhaps you could hide one of your gold bars up there?  Cheesy
silverbox
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August 30, 2012, 08:54:42 PM
 #3058

yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.

yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy

Someone seems to be obsessed with my body... cypherdoc, was this what you were really after when you invited me to go fishing?

At least my phyzzz is safe Smiley

actually i've seen guys with flower vases up their rectums.  perhaps you could hide one of your gold bars up there?  Cheesy

TMI  Lips sealed
cypherdoc
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August 30, 2012, 08:58:17 PM
 #3059

yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.

yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy

Someone seems to be obsessed with my body... cypherdoc, was this what you were really after when you invited me to go fishing?

At least my phyzzz is safe Smiley

actually i've seen guys with flower vases up their rectums.  perhaps you could hide one of your gold bars up there?  Cheesy

TMI  Lips sealed

no, i'm not one of them.  just happened to be in my work surroundings one time. Cheesy

cypherdoc
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August 30, 2012, 09:00:56 PM
 #3060

Those miners seem to be turning Wink

GPL 1.95  (silver lg @ 1.98)

Come to papa Wink

did you take your profit when you had a chance?  Wink

Nope still long and strong!!

you lost your chance to sell!!! Cheesy
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