Gold collapsing. Bitcoin UP.

[cypherdoc]

http://online.wsj.com/article/SB10001424052702303513404577353531322385366.html?mod=WSJ_hp_LEFTWhatsNewsCollection

This can't be good.

[silverbox]

Gotta love those consumers..  800 bucks for an iPhone.

thhehehe  $$$$$$$

[cypherdoc]

Gotta love those consumers..  800 bucks for an iPhone.

thhehehe  $$$$$$$

I just got off an Airplane and I swear every fourth person had either an iPhone our an iPad open on their tray.  I'm seeing even poor people walking around with IPhones.  Sheesh.

sure sign of a top!

[silverbox]

Naw, we still got Cheena and Windia to conquer

[cypherdoc]

Naw, we still got Cheena and Windia to conquer

Its funny cuz all I could think about was losing 10btc.

But then apple tanked

[silverbox]

Its not cooked yet.

I must admit that it is a bad sign that in an up market day AAPL can't stay positive .

Its not looking so good

[cypherdoc]

Oh silverbox, what's the score now baby?

Firing on all cylinders, varoom!

[silverbox]

We'll see how earnings next week goes.  So long as its not a total bomb we should skim along above 500 for sh'o.

[cypherdoc]

We'll see how earnings next week goes.  So long as its not a total bomb we should skim along above 500 for sh'o.

What's the gold bitcoin score?

[silverbox]

lol.  type it up!

I'll probably wait till monday

[miscreanity]

What's the gold bitcoin score?

Doesn't matter much.

[tvbcof]

We'll see how earnings next week goes.  So long as its not a total bomb we should skim along above 500 for sh'o.

What's the gold bitcoin score?

On a personal level: I need $6.00 BTC to get into the black.  I'll go red on PM's when they fall to maybe $600-ish and $6.00-ish (as a very rough estimate.)

[cypherdoc]

lol.  type it up!

I'll probably wait till monday

LOL!  every time i get a little progress on the gold price you're ready and willing to hit me over the head with those stats!  now that i closed the gap and blew threw it, where the hell are they?  i want them now!!!

[silverbox]

lol.  type it up!

I'll probably wait till monday

LOL!  every time i get a little progress on the gold price you're ready and willing to hit me over the head with those stats!  now that i closed the gap and blew threw it, where the hell are they?  i want them now!!!

lol fine

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 4/20 (toke up johnny..  Dick Clark is dead)

Bitcoin 5.35   (down ~1%)

Gold 1642  (down ~3%)



Gold still hasn't collapsed. 

BTC still isn't up.  (almost thu, puff puff pass!!)

[cypherdoc]

lol.  type it up!

I'll probably wait till monday

LOL!  every time i get a little progress on the gold price you're ready and willing to hit me over the head with those stats!  now that i closed the gap and blew threw it, where the hell are they?  i want them now!!!

lol fine

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 4/20 (toke up johnny..  Dick Clark is dead)

Bitcoin 5.35   (down ~1%)

Gold 1642  (down ~3%)



Gold still hasn't collapsed. 

BTC still isn't up.  (almost thu, puff puff pass!!)

Wo ho ho!!!

we're comin for ya baby!:

[MatthewLM]

Cypherdoc is obviously right. The US government is going to reverse their deficit very soon:



No need for inflation to monetise debt. But if the government doesn't drastically cut spending to balance the budget then they will default obviously because the federal reserve wont do as it's supposed to...

http://www.youtube.com/watch?v=q6vi528gseA

And all other governments are obviously going to follow by balancing the budgets and allowing banks to fail. They will use a deflationary fiat system and will not return to a gold or silver standard. Governments obviously hate inflation, they hate banks despite either being made up of bankers or receiving a lot of lobbying/political donations from banks and they hate deficits.

It's so obvious, why didn't I think of this before!

http://www.bloomberg.com/news/2011-11-15/bernanke-bludgeons-china-with-inflation-as-currency-war-intensifies-books.html

http://www.youtube.com/watch?v=JyQo_UiK9Mw

http://www.youtube.com/watch?v=y4QkSO9eAZc&t=2m10s

[miscreanity]

Maybe like that Dorian Grey story.  QE is keeping up some appearance of health and vibrancy, but behind the facade the actual corpus is decomposing to a thoroughly putrid state.

Actually, as I remind myself of the story by looking it up on wikipedia http://en.wikipedia.org/wiki/The_Picture_of_Dorian_Gray, I think it more fitting to consider the reserve currency status of the USD as the mojo which allows various malfeasance...including QE.  So to slightly re-arrange the wikipedia text:

  "Bernanke's wish is fulfilled, plunging him into debauched acts."

Dorian Gray, scarily apropos - I like it!

Wo ho ho!!!

we're comin for ya baby!:

Sooner or later you're just going to have to admit that what one does, the other approximates - like the dynamic between gold and silver

Now about that mystery miner...

[cypherdoc]

Sisyphus raises his hand...

[cypherdoc]

iz it tim yet?

[silverbox]

Everything is getting hammered today