miscreanity
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September 09, 2012, 05:55:05 PM |
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as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years. what do they say about a broken clock?
Ramp for years.
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ElectricMucus
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September 09, 2012, 08:47:14 PM |
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Looks like we are about to hit some SMA crossings.
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adamstgBit
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Trusted Bitcoiner
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September 09, 2012, 08:50:42 PM |
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Looks like we are about to hit some SMA crossings. does the SMA crossings suggest it will go down?
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ElectricMucus
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September 09, 2012, 08:55:57 PM |
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If the fast one crosses upwards it's bullish and if it crosses downwards bearish.
This is basically a variation on the turtle rules (google them, one of the most successful traders in history, you can download their rulebook)
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cypherdoc (OP)
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September 10, 2012, 03:25:32 AM |
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rastapool
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September 10, 2012, 05:24:00 AM |
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http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdingsIn July, Chinese gold imports from HK, after two months of declines, have picked up once more and hit a 3-month high of 75.8 tons. While it is notable that this number is double the 38.1 tons imported a year prior, and that year-to-date imports are now a record 458.6 tons it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings What is most amusing is that China, via the IMF, still wants the world to believe that total Chinese official holdings are just 1040 tons (double the ECB's), when it has imported half this amount in 2012 alone. at the current run-rate of accumulation which is just shy of 1,000 tons per year, it is certainly within the realm of possibilities that China is now the second largest holder of gold in the world, surpassing Germany's 3,395 tons and second only to the US.
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The parasite hates three things: free markets, free will, and free men. Napster is down - this is the END of illegal file sharing!
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molecular
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September 10, 2012, 05:34:56 AM |
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what's next? china? (EDIT: just read the actual post, which seems to imply china). EDIT2: which of the above countries offered metal-backed reserve currencies? @cypherdoc: that's a very boring avatar.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Melbustus
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September 10, 2012, 08:14:40 AM |
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Could China trigger insta-reserve-currency status for the yuan if they simply declared a gold peg?
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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labestiol
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September 10, 2012, 08:16:40 AM |
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Just seems to be a lot of dots to connect which end up in geo-politics, like this, this and this which is tied in with this, this and this. I still have a lot of work to do to understand all that For the time being, grabbing some popcorn and see what happens will be easier Looks like we are about to hit some SMA crossings. After the rally we had, a correction would make sense. We are quite overbought right now. We'll see if the technicals are any help here. Could China trigger insta-reserve-currency status for the yuan if they simply declared a gold peg? That's probably the plan, they might even get some help from Russia, Iran, Venezuela and others (those who are actively stacking gold, and incidentally are also big oil producers, and thus can make the rules). Are we already there is the question.
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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jojo69
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diamond-handed zealot
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September 10, 2012, 08:30:29 AM |
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overbought lol
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
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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.
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labestiol
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September 10, 2012, 09:28:42 AM |
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overbought lol
when the metals go on a rip they can stay overbought for some time
the moving average cross could trigger lots of automatic buys
I agree, the technicals can be useless sometime. Otherwise trading would be so simple.
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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ElectricMucus
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September 10, 2012, 10:47:27 AM |
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Overbought isn't necessarily bearish and every rally has a correction - the hard part is knowing when the rally ends. I don't think it shoots to new ATHs in one go but it's only a matter of time till that happens. At least before Christmas, if I weren't broke I would even offer you guys a bet
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jojo69
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diamond-handed zealot
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September 10, 2012, 06:22:22 PM |
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why bet when we can just go to the coin store?
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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.
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cypherdoc (OP)
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September 13, 2012, 04:18:22 PM |
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SkRRJyTC
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September 13, 2012, 05:38:05 PM |
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USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...
Is the corner broken?
How about now? i think you're going to be in trouble. Triangle in Gold is clearly broken up. QE3 is a go. Corner broken now?
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Dusty
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September 13, 2012, 06:01:49 PM |
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QE3 has been announced and is much more massive than anything ever done before. Who could have anticipated that? Gold market reaction: Cypherdoc: are you still a deflationist...?
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silverbox
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September 13, 2012, 07:39:49 PM |
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The Silverox Update:
Bitcoin: +21.7%
Gold: -6%
Diff: 27.7%
Cover that short on GLD yet? Last chance sell GPL or the other miners yet? last chance Naw, they ain't gonna stop printing money, if the fed doesn't QE, I just wait, if they do QE, you will never see silver/gold this low again (and you'll be eating those shorts, hopefully sooner rather then later cause it gets ugly fast if you have to eat your shorts ) Remeber this? My waiting looks to be over, YO!
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silverbox
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September 13, 2012, 07:44:15 PM |
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This thread was started 3/13:
Bitcoin 5.40
Gold 1690
today 9/13:
Bitcoin 11.31 (up ~109%)
Gold 1765 (up ~4%)
BTC seems to be holding steady, after the 35% crash, in the 10-11 range.
Gold is UP (QE forever is now HERE)
BTC is still outperforming gold.
GPL 2.35 (Silver lg @ 1.98) Hmm, the pick that I made that Cypher called irresponsible IIRC.. up 19%... and rising..
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