Gold collapsing. Bitcoin UP.

[cypherdoc]

https://twitter.com/cypherdoc2/status/482358162075697152

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[cypherdoc]

[sidhujag]

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.

Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.

Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

[cypherdoc]

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.

Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.

Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 

[cypherdoc]

"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.

http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm

nice Andrew. you know, i have this other data set over here...

[FNG]

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.

Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.

Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 

Agreed. Booms generally take place as value flows from a currency into "assets", the reverse also holds true.

[Melbustus]

"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.

http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm

nice Andrew. you know, i have this other data set over here...

WTF - that article still used the following figure:
"Forbes reported in December that bitcoin mining, the power- and hardware-heavy process used to add bitcoins to the market, uses $15 million worth of electricity per day."

By "Forbes", they're referring to the following absurd article by longstanding bitcoin-troll, Mr. Timothy Worstall: http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day/

I personally pounded on Worstall for that article, ripped the math/assumptions to pieces, and he admitted to me that the $15m/day figure was probably wrong. Yet here it appears again/still.

[sidhujag]

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.

Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.  

not...what...they...want.

Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.  

 I know full well what happened in 2008.. it rose due to risk aversion. Now we are talking about growth and foreign investment while us starts to increase exports putting upwards pressure on the currency while equities rise due to hire corporate profits (from technology advancments etc)... There is a double bullish case for usd but the big bear is still around at any moment fed can pop another qe.. With the current administration however we are not likely to see surprises.

Another thing to note is that the 25 yr cycle is up and technically it should start rising vs bric currencies..

Boj snb both doing full scale interventions so noone will mess with them.. They signed an agreement in 1987 to let their currencies rise in value vs usd and did so happily not knowing the consequence (deflationary spiral). Now the opposite should happen as they start to fall while usd rises (unless us claims bankruptcy)

You only looked at one historical event (risk aversion) and assumed the opposite holds.. to understand what I am saying take a look at what happened last time we had any real sustainable growth (hint dotcom bubble)

[sidhujag]

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.

Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.

Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 

Agreed. Booms generally take place as value flows from a currency into "assets", the reverse also holds true.

That is convential thinking. Market is always evolving.. especially factoring in global economy.

[cypherdoc]

look out Spain. bail ins:

NIRP Strikes: Spain To Create Tax On Bank Deposits:

http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits

[Bagatell]

look out Spain. bail ins:

NIRP Strikes: Spain To Create Tax On Bank Deposits:

http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits

This is all old news as far as I can tell. I can't find anything recent on Bloomberg, as they imply.

[FNG]

http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i

U.S influence waning, Wonder whats on Saudi's mind at the moment.

Power shift over the flow of oil / world dominance continues. Another point for Russia.

How long before they step up economic warfare?

[cypherdoc]

flight to safety of German 10yr bond:

[sidhujag]

http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i

U.S influence waning, Wonder whats on Saudi's mind at the moment.

Power shift over the flow of oil / world dominance continues. Another point for Russia.

How long before they step up economic warfare?

Us is already one step ahead they are gettint out of oil and probably have enough reserves (then technology will help) for them to continue to be on top while china middle east russia fight for the chairs at the kiddies table.

[cypherdoc]

http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i

U.S influence waning, Wonder whats on Saudi's mind at the moment.

Power shift over the flow of oil / world dominance continues. Another point for Russia.

How long before they step up economic warfare?

Us is already one step ahead they are gettint out of oil and probably have enough reserves (then technology will help) for them to continue to be on top while china middle east russia fight for the chairs at the kiddies table.

be careful. 

major indicators weakening with an ascending wedge:

[cypherdoc]

boom, little b.

[cypherdoc]

oh yes.

[cypherdoc]

Volume coming in:

[cypherdoc]

Temasek is huge:

http://www.coindesk.com/singapore-government-owned-investment-firm-experiments-bitcoin/

[FNG]

Temasek is huge:

http://www.coindesk.com/singapore-government-owned-investment-firm-experiments-bitcoin/

Oh the fund is only 22x the size of bitcoin itself   

Massive

http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i

U.S influence waning, Wonder whats on Saudi's mind at the moment.

Power shift over the flow of oil / world dominance continues. Another point for Russia.

How long before they step up economic warfare?

Us is already one step ahead they are gettint out of oil and probably have enough reserves (then technology will help) for them to continue to be on top while china middle east russia fight for the chairs at the kiddies table.

2 words...Dollar Repudiation