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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1939230 times)
cypherdoc
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July 14, 2014, 10:26:22 AM
 #9461

This should drive the gold bugs crazy,

http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities

I'm no fan is Goldman, that's for sure, but I do agree with them.  Wow, 1040 by the end of year.
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cypherdoc
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July 14, 2014, 01:21:24 PM
 #9462

Gold collapsing:  -2.54%, -$33.39
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July 14, 2014, 01:23:09 PM
 #9463

Gold collapsing:  -2.54%, -$33.39

Amazing! How low do you think it will go? What about silver?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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July 14, 2014, 01:59:31 PM
 #9464

Gold collapsing:  -2.54%, -$33.39

Amazing! How low do you think it will go? What about silver?
if gold gets down to 1040, then silver could plunge to around 15-ish
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July 14, 2014, 02:04:56 PM
 #9465

Gold collapsing:  -2.54%, -$33.39

Amazing! How low do you think it will go? What about silver?
if gold gets down to 1040, then silver could plunge to around 15-ish

actually lower, as I'm doing these calcs in my head and neglecting to factor in that silver moves much more violently than gold.
Dragonkiller
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July 14, 2014, 02:12:48 PM
 #9466

Never trust GS

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July 14, 2014, 02:44:58 PM
 #9467

Never trust GS

No shit. It doesn't really matter what GS says. I can't remember them ever being correct in their mainstream predictions, which are basically designed to mislead anyway. What matters more is what price point asian buyers will buy back in at. They still prefer PMs and real estate over stocks and thus far bitcoins. Once rich chinese investors feel comfortable moving big chunks of money using bitcoins PMs could suffer but that may be a while yet. Today's slam down of gold appears to be a $1B+ dump of naked shorts. The Fed doesn't want gold to appear like an attractve investment after a bad week on the DOW. It will be fun to see how low the prices go.
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July 14, 2014, 05:03:16 PM
 #9468

Gold down.

Two days ago, Bitcoin was around 640.  Why no "Bitcoin down" statement?  Roll Eyes

As long as the Dow keeps humming along, gold will have a difficult time pushing through 1400.  But it will get there, no doubt.  Investors are wiring up to the hollow gains we've seen on the Dow for the past few years.
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July 14, 2014, 05:04:28 PM
 #9469

Never trust GS

What he said.
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July 14, 2014, 05:30:43 PM
 #9470

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

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July 14, 2014, 05:41:59 PM
 #9471

This should drive the gold bugs crazy,

http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities

I'm no fan is Goldman, that's for sure, but I do agree with them.  Wow, 1040 by the end of year.

Hedge funds are increasing their buy orders, usually means their customers are going short... typically when these guys come out and say they are short they are infact doing the opposite (building a long position).

The best contrarian tool however is to avoid listening to these criminals and simply check out what the herd is doing: http://fxtrade.oanda.com/analysis/historical-positions (XAU/USD)... you will notice that price goes up as herd sells or exits and vice versa... they started buying again so I expect a test of 1200 or something depending on if the herd keeps buying or  gets slaughtered.

Looking at http://fxtrade.oanda.com/analysis/open-position-ratios seems we do have a long way to go down still since 66% are still long.

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cypherdoc
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July 14, 2014, 06:42:43 PM
 #9472

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us



that is interesting
Bagatell
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July 14, 2014, 06:48:55 PM
 #9473

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us



that is interesting

Satoshi, that you?
cypherdoc
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July 14, 2014, 07:15:43 PM
 #9474


Dorian I am not.
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July 14, 2014, 09:22:56 PM
 #9475

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.
traderCJ
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July 14, 2014, 11:26:35 PM
 #9476

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

Bitcoin down, Mr. Shill.  Amazing how "people" like you can't seem to fathom a world where both Bitcoin and gold flourish.  No matter, more profits for me.  Thanks.

Oh, and since when does the Bitcoin community give two shits about journalists negging Bitcoin?  Same goes for PMs in my book.  Let them scream bloody murder, I'll be laughing.
cypherdoc
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July 15, 2014, 02:38:43 AM
 #9477

Great news!

http://www.techmeme.com/140714/p33#a140714p33
cypherdoc
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July 15, 2014, 03:38:17 AM
 #9478

Nice table of storage threat scenarios to which I have contributed:

http://www.reddit.com/r/Bitcoin/comments/2apnpy/gametheory_bitcoin_security_scenarios_scenario_16/
cypherdoc
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July 15, 2014, 05:40:25 AM
 #9479

Down to 32%. Well under control:

traderCJ
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July 15, 2014, 06:17:05 AM
 #9480

Oh I must have missed the Bitcoin controls somewhere.
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