Gold collapsing. Bitcoin UP.

[lunarboy]

rumour mill latest.

http://www.ibtimes.co.uk/french-bitcoin-revolution-bnp-paribas-plans-add-crypto-its-currency-funds-1512360

Bnp - France's biggest bank BNP Paribas is looking at ways bitcoin could be incorporated into one its currency funds, according to a source at the bank.

[cypherdoc]

Gold collapsing. Bitcoin UP.

[jeezy]

Gold collapsing. Bitcoin UP.

next 24h critical

[cypherdoc]

4y and counting:





otoh, breakout!:

[cypherdoc]

see that little red line?  once the $DJI catches down to break that support, it's Lights Out:

[cypherdoc]

energy?  we don't need no stinkin' energy!:

[cypherdoc]

iCE, didn't you say you own Hecla?  geez man, you gotta get outta that thing.  once it breaks the red support line, it's lights out:

Hecla's been around for 100 years.  They know how to hibernate in bear markets, and historically offer the best leverage to silver.

I'm investing/accumulating for the long term, not day trading.  Let's hope they can snarf up Wildcat for pennies/oz before the market turns bullish.   

good luck with this:

[inca]

What is your brief take on the macro economic picture for the next year or two cypher?

[cypherdoc]

hey iCE.  look at NBG for an example of what can happen to Hecla. 

i put this chart up last year as an example of what can happen to dip buyers assuming the worst is over.  the first narrative i wrote in red is when NBG was at $0.98.  for fun, i was joking about what would've happened if your timing was absolutely horrible and one went short at a major bottom of $70.28.  well, if you'd held, you'd have made a bundle as, at the time, price had dropped all the way down to $0.98.  now it's at $0.85    lesson learned is that in a bad environment, stocks can go down much lower than you can even imagine:

[iCEBREAKER]

energy?  we don't need no stinkin' energy!:

Don't worry, I have it on good authority that the financial crisis is over.  Ergo the 7/1 NFLX split!  

Energy prices will most assuredly rise as fleets of fiber-to-the-screen deploying trucks build out more broadband for binge TV loving consumers.

Also, go Amazon go!  All time high!  Rah-rah streaming economy!

good luck with this:

[gloom_and_doom.png]

Yes, I consider lower prices for something I want to buy good luck.  NBG?  I'd sooner buy BAC (barf).  HL mines hard silver and gold, not fiat.

But I wish Gavin and you all the best with the NFLX and AMZN led economic recovery.

[sidhujag]

energy?  we don't need no stinkin' energy!:

Don't worry, I have it on good authority that the financial crisis is over.  Ergo the 7/1 NFLX split!  

Energy prices will most assuredly rise as fleets of fiber-to-the-screen deploying trucks build out more broadband for binge TV loving consumers.

Also, go Amazon go!  All time high!  Rah-rah streaming economy!

good luck with this:

[gloom_and_doom.png]

Yes, I consider lower prices for something I want to buy good luck.  NBG?  I'd sooner buy BAC (barf).  HL mines hard silver and gold, not fiat.

But I wish Gavin and you all the best with the NFLX and AMZN led economic recovery.

wow amzn low volume rise since 2009... all bots? I think mainstream investors left the market after crash

[cypherdoc]

What is your brief take on the macro economic picture for the next year or two cypher?

Not good. I'd like confirmation of the Dow Theory by getting a violation of that red line first by the $DJI, but I think it's going to happen. I expect the $DJI to be lower than it is in a year and a half.

[macsga]

Uh oh. Gold doesn't look good... The $700 scenario is approaching fast.

[tvbcof]

Uh oh. Gold doesn't look good... The $700 scenario is approaching fast.

Fantastic!  I decided for a variety of financial and political reasons to sell the house I bought.  (I got caught up in doing this to get rid of some extra cash in late 2010 after I'd already downloaded the Bitcoin source but had not gotten around to compiling it.  Had I not, I probably would have bought and/or mined a lot more Bitcoin for a much lower price.  Oh well.)  Anyway, I will have a problem about what to do with the cash when the house sells.  If I can get physical PMs for anywhere near the same price as paper PMs it will solve my excess cash problem nicely.  I've for some time expected an extreme dip in PM prices (at least of the paper variety) as a precursor to some real fireworks in mainstream land.  Perhaps this could be the one.  (Hope not...hard times follow for everyone.)

[cypherdoc]

Gavin's solution to solve 25 sec long time validation attack blocks ala the single 1MB f2pool block of a coupla wks ago:

http://bitcoin-development.narkive.com/wEdAXkTT/for-discussion-limit-transaction-size-to-mitigate-cve-2013-2292#post6

[jt byte]

The gold price is dropping so fast guys.
May i know what is happening? Maybe that bitgold?
Maybe the gold is as a digital currency?

[cypherdoc]

Kinda late, eh?:

https://twitter.com/cypherdoc2/status/624663002151788544

[cypherdoc]

Garzik starting to get it more and more:

https://twitter.com/jgarzik/status/624712746471329792

I keep asking, you think Nasdaq expects or wants to have to compete, do an RBF, or pay high fees in getting every stock trade marker into the MC? Nor will they ever accept a SC solution.

[cypherdoc]

oops, gold going negative again.

ah, that sweet smell of deflation.

Next jobs claim is gonna be a doozy... lowest claims for unemployment insurance since '74. Look for mickey mouse game to continue with a 300pt rise

You were right on the report  but wrong on the reaction. What are you going to do?

http://www.calculatedriskblog.com/2015/07/weekly-initial-unemployment-claims_23.html?m=1

[sidhujag]

oops, gold going negative again.

ah, that sweet smell of deflation.

Next jobs claim is gonna be a doozy... lowest claims for unemployment insurance since '74. Look for mickey mouse game to continue with a 300pt rise

You were right on the report  but wrong on the reaction. What are you going to do?

http://www.calculatedriskblog.com/2015/07/weekly-initial-unemployment-claims_23.html?m=1

on  a friday thats pretty bad... still buy the dip risk reward here is great