Gold collapsing. Bitcoin UP.

[Melbustus]

Fun times! If the paper price in gold is pushed below $1550 on a closing basis, we'll have a separation from physical.

What are you basing this on? Isn't a separation from physical a continuous thing? Like premiums gradually increasing?

The link between paper & physical has been tenuous for a while, but with non-stop demand the connection is only hanging on by a thread. Approach to separation is a gradually increasing process; it's the final, complete dissociation that's abrupt. Think of holding a magnifying glass over a leaf on a sunny day - the leaf slowly heats up until ignition finally occurs.

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

[cypherdoc]

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +539%

Gold:  -7%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long

Diff:  +546% advantage Bitcoin and growing

[cypherdoc]

 

10 yr daily chart

[tvbcof]

Seriously, I am going to get real about converting about $10k of BTC into cash, gold (1oz rounds) , or junk silver if/when we get into the $50-$60 range. 

I too prefer to trade out my assets that are increasing in value and will continue to do so for assets that are rapidly decreasing in value.

Wait, no I don't. That'd be stupid.

It was jaw-droppingly stupid to be buying BTC with both hands between 6-2011 and 11-2011 as well.  Everyone said so.  Except ~cyperdoc.  I'll just continue in my stupid ways I guess.

Actually there is a pretty fair chance that this trade would be a bad one for me (and thus a good one for a counter party.)  My goal is not necessarily to maximize my profit here.  More-so it will be to psychologically prepare myself even better to 'ride this pig' wherever it takes me having little or no net investment.

[paraipan]

10 yr daily chart

Hmm, that chart reminds me of this one...

[adamstgBit]

looks like prime time to buy!

[miscreanity]

I assume you've pretty heavily shorted GLD while buying like amounts of physical?

Almost - no shorting. Even if solid paper profits are realized with a spread trade like that, there's a strong possibility that those funds may become confiscated, debased, or frozen. All fiat-denominated assets are considered losses until converted into Au/Ag/BTC or productive items (real estate in growing regions, construction machinery, etc).

[Spaceman_Spiff]

10 yr daily chart

Hmm, that chart reminds me of this one...

Uncanny resemblance.  The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)

[usagi]

Uncanny resemblance.  The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product)

Yup. This is where elliot wave theory gets it's credibility from

[cypherdoc]

Gold down.   Bitcoin UP.

[molecular]

Gold down.   Bitcoin UP.

News at 11.

[molecular]

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

[thefiniteidea]

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Have him get into Bitcoins. He will thank you in a few years.

Otherwise, SBND is a safe bet.

I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere.

[cypherdoc]

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +546%

Gold:  -9%

silverbox in big trouble.  plumbing new lows.

GPL:  -41% silverbox long

Diff:  +555% advantage Bitcoin and growing

[Spaceman_Spiff]

Will there be a special event if/when you reach +1000% ?

[CurbsideProphet]

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Question isn't really relevant to the thread but I wouldn't buy.  Maybe if they focused more on getting back to innovation rather than suing everyone under the sun, but that doesn't seem to be the trend. 

[tvbcof]

Will there be a special event if/when you reach +1000% ?

I guess you are addressing me.

The answer is 'sort of by definition' I guess.

Firstly, I do not keep records enough to know to my standards of precision when I will be at %1000 and it is unlikely that I'll put in the effort in to reach that standard even if it is possible.  I've frittered away some percentage of my BTC over the period I've had them.

Secondly, I would not consider being 'at +1000%' until I trade BTC in that quantity in exchange for something else I want.  By definition, that will be the 'special event'.

I anticipate sitting on a bulk of my BTC for a long time without converting it so we'll probably need to see 4-fig-USD/BTC before I hit my +1000% target and it remains the case that I consider this unlikely.  Though very far from impossible, and I consider it more likely now then at any time in the past.

[cypherdoc]

Guess what?

Gold down,  Bitcoin UP.

News at 11.

[lebing]

anyone care to offer an opinion on Apple? My brother is thinking about getting in.

Have him get into Bitcoins. He will thank you in a few years.

Otherwise, SBND is a safe bet.

I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere.

Dont want to derail this too much, but why SBND?

[cypherdoc]

The Daaash for Digital Caaash!