Gold collapsing. Bitcoin UP.

[cypherdoc]

Silverbox Update:

Gold:  -6%

Bitcoin:  +71%

Diff:  +77% advantage Bitcoin

[proudhon]

Silverbox Update:

Gold:  -6%

Bitcoin:  +71%

Diff:  +77% advantage Bitcoin

It's a little silly to gloat about these most recent movements.  They're going to be corrected.  This simply can't last.

[MatthewLM]

I bought ~36 bitcoins today. The first amount. Providing I can send them to an address and it all goes well I'll continue with some more. I'm annoyed the price has gone up in the short amount of time I've been trying to buy them but what can I do? :-(

you already profited

What the hell? Bitcoin going into bubble mode again?  

Well should have put all my money in... I was just testing it out. I still want to buy in small amounts and send to many addresses. I'm trying to avoid losing all my money in some sort of security screw up. I don't trust any of the bitcoin exchanges. I trust any of them after what we've seen happen in the past.

[cypherdoc]

Silverbox Update:

Gold:  -6%

Bitcoin:  +71%

Diff:  +77% advantage Bitcoin

It's a little silly to gloat about these most recent movements.  They're going to be corrected.  This simply can't last.

Who's gloating?  Those are just the facts.  I'm sorry; TAKE DOWN THE BEAR!

[memvola]

This simply can't last.

It probably won't, but it most certainly can.

[silverbox]

Silverbox Update:

Gold:  -6%

Bitcoin:  +71%

Diff:  +77% advantage Bitcoin

You should cover your GLD and buy BTC.

[cypherdoc]

Silverbox Update:

Gold:  -6%

Bitcoin:  +71%

Diff:  +77% advantage Bitcoin

You should cover your GLD and buy BTC.

but gold collapsing would provide the next round of fuel for further Bitcoin rockets.  in fact, i have a theory...  might as well make money on both ends...

[MatthewLM]

Wrong -> Bitcoin is UP? BUY BUY BUY!!! Bitcoin is more up? BUY BUY BUY! Bitcoin has crashed? Cover the losses. SELL SELL SELL.

Right -> Bitcoin is down? BUY BUY BUY!!! Bitcoin is more down? BUY BUY BUY! Bitcoin has skyrocketed? SELL SELL SELL.

[MatthewLM]

I bought ~36 bitcoins today. The first amount. Providing I can send them to an address and it all goes well I'll continue with some more. I'm annoyed the price has gone up in the short amount of time I've been trying to buy them but what can I do? :-(

you already profited

[miscreanity]

Aaaaand we're back. Sorry, didn't mean to crash everything.

Danger zone is $9.30-10.15 on a weekly basis - definite short-term sell above $12. So far, none of the past 10 weeks have closed in the danger zone...

Consolidation here for a week or two will allow for resumption of a measured pace. We're almost back at a 5% weekly capital inflow rate.

i would never take my eyes off the Bitcoin charts for that long.  even for my wife! 

Good man

but gold collapsing would provide the next round of fuel for further Bitcoin rockets.  in fact, i have a theory...  might as well make money on both ends...

But then you come back to this foolishness. Bitcoin is preceding gold.

[cypherdoc]

Gold down, Bitcoin UP.

[SkRRJyTC]

Gold down, Bitcoin UP.

With silver looking to break down out of its little July triangle... this is going to be more and more true

[cloon]

Gold down, Bitcoin UP.

With silver looking to break down out of its little July triangle... this is going to be more and more true

yeah i hope silver breaks down so i can buy cheap and than high inflation begins muahaha!

[S3052]

Gold down, Bitcoin UP.

With silver looking to break down out of its little July triangle... this is going to be more and more true

yeah i hope silver breaks down so i can buy cheap and than high inflation begins muahaha!

First, we have deflation for quite a while before inflation kicks in. As per our subscription forecast, silver will drop Mich deeper and longer than most people expect here. You can subscribe for just 1.99 btc before July 28.

[tvbcof]

Gold down, Bitcoin UP.

With silver looking to break down out of its little July triangle... this is going to be more and more true

yeah i hope silver breaks down so i can buy cheap and than high inflation begins muahaha!

First, we have deflation for quite a while before inflation kicks in. As per our subscription forecast, silver will drop Mich deeper and longer than most people expect here. You can subscribe for just 1.99 btc before July 28.

I'll probably not need to start converting my PM's for 10 years or so.  The main danger of them falling significantly in price through the comming decade is that I may be tempted to deploy my working capital (or my speculative stash of Bitcoin) to take advantage of the situation.  Other than that, it makes no difference to me what happens in this interim period.

[miscreanity]

There's a whole bunch of fail in this thread regarding the precious metal fundamentals. Sentiment is clouding objective analysis. It is extremely important to determine which data sources are legitimate, or else any subsequent analysis will be flawed.

Understanding the paper/physical dichotomy is a core factor in properly assessing fundamentals for the two variants of gold. It is also necessary to examine various pools of wealth, since gold does not function in isolation. Incentive structures are more powerful than chart patterns.

[tvbcof]

There's a whole bunch of fail in this thread regarding the precious metal fundamentals. Sentiment is clouding objective analysis. It is extremely important to determine which data sources are legitimate, or else any subsequent analysis will be flawed.

Understanding the paper/physical dichotomy is a core factor in properly assessing fundamentals for the two variants of gold. It is also necessary to examine various pools of wealth, since gold does not function in isolation. Incentive structures are more powerful than chart patterns.

I agree, but it remains the case that the number of USD required to obtain x amount of physical is highly influenced by and not far off of the paper price.  I consider it a great gift from the paper folks and a great incentive to take advantage of the situation while it exists since it could fail at any time.  In fact it has briefly failed already on some PM markets like silver in recent years, but the rips have managed to be patched up.  I don't anticipate this happy situation surviving for to much longer...but I've been wrong about timings in the past so I allow for the possibility of the situation persisting for longer than I would expect.

[cypherdoc]

Silverbox Update:

Gold:  -7%

Bitcoin:  +68%

Diff:  +75% advantage Bitcoin

[cypherdoc]

Gold down, Bitcoin UP.

[cypherdoc]

Silverbox Update:

Gold:  -8%

Bitcoin:  +71%

Diff:  +79% advantage Bitcoin