miscreanity
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April 29, 2012, 11:27:17 PM |
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Two must-reads: The Case for a 100 Percent Gold Dollarand The Sunday Night Massacre, One Year LaterThe first is a classic, explaining that only a perspective shift is necessary for a gold standard to function. The TF Metals article explains exactly what has been going on for the past decade and is coming to a transition point - the banks are balancing themselves and will soon be in a position to actually profit from a move up in the precious metals.
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miscreanity
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April 30, 2012, 05:55:08 AM |
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Credit demand is immense, just not from traditional banking sources. These statistics cannot capture the growing undercurrent of private contract (esp. hard money) lending. The banks may be hurting, but that leaves plenty of room for more nimble outfits with low overhead. Credit demand destruction is exaggerated - it isn't collapsing, it simply is migrating to where it is treated best. The main losers are major banks, although everyone loses when the money supply is inflated. Again - the statistics are blind to this.
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cypherdoc (OP)
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April 30, 2012, 01:20:54 PM |
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cypherdoc (OP)
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April 30, 2012, 01:55:34 PM |
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We're going to fill the Apple gap real fast and then $500 here we come! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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cypherdoc (OP)
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April 30, 2012, 02:00:44 PM |
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y'all been double topped.
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silverbox
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April 30, 2012, 03:40:32 PM |
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and the correlation continues!!
AAPL down, BTC down!!
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cypherdoc (OP)
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April 30, 2012, 03:41:16 PM |
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and the correlation continues!!
AAPL down, BTC down!!
the divergence begins today!
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cypherdoc (OP)
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April 30, 2012, 03:59:51 PM |
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cypherdoc (OP)
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April 30, 2012, 05:22:11 PM |
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iz it tim yet?: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZXcB2.png&t=665&c=3xaDKaUNNq0Fzg)
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silverbox
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April 30, 2012, 05:27:24 PM |
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It sure is, time to buy them miners, super cheap atm!!
Are those our dates for when we FTJ after BTC becomes the global reserve currency?
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cypherdoc (OP)
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April 30, 2012, 06:28:29 PM |
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It sure is, time to buy them miners, super cheap atm!!
Are those our dates for when we FTJ after BTC becomes the global reserve currency?
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGkvO7.jpg&t=665&c=jhYQ0JOkDOuaaA)
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cypherdoc (OP)
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April 30, 2012, 07:16:42 PM |
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Charge!!!!!!!!!!!!!!!!!!!!!!!!!!! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp44NM.png&t=665&c=i5gwXKDT_5Jgxw)
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miscreanity
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April 30, 2012, 07:31:04 PM |
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Funds can't make a return when there's so little movement, so of course they'll drop anything that's holding steady. When they dump, the real players scoop up shares on the cheap. These market conditions are slaughtering momentum-chasers. If you're going to use funds as part of your argument, you should remain consistent - they've piled into Apple. You advocate selling Apple and selling gold miners, yet major funds are doing the opposite in each. So which is it - are funds to be followed or not?
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cypherdoc (OP)
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April 30, 2012, 08:07:00 PM |
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Funds can't make a return when there's so little movement, so of course they'll drop anything that's holding steady. When they dump, the real players scoop up shares on the cheap. These market conditions are slaughtering momentum-chasers. If you're going to use funds as part of your argument, you should remain consistent - they've piled into Apple. You advocate selling Apple and selling gold miners, yet major funds are doing the opposite in each. So which is it - are funds to be followed or not? it really doesn't matter to me who is selling Apple and miners. all that matters to me is that the prices of both are dropping and my shorts are benefitting.
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silverbox
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April 30, 2012, 08:19:36 PM |
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Till the bearded one announces QE3 and your short gains will be erased in like 2 milli seconds.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Hunterbunter
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April 30, 2012, 10:43:14 PM |
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Till the bearded one announces QE3 and your short gains will be erased in like 2 milli seconds.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) He will do it when he knows everyone is short I bet.
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cypherdoc (OP)
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April 30, 2012, 10:50:13 PM |
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perhaps he lets the stock market collapse 54% and 57% like he did back in 2000 and 2008-9? or perhaps as much as the housing market has collapsed? aren't we back to prices in 1998? i guess that would just be a flesh wound ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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miscreanity
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May 01, 2012, 03:32:13 AM |
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perhaps he lets the stock market collapse 54% and 57% like he did back in 2000 and 2008-9? or perhaps as much as the housing market has collapsed? aren't we back to prices in 1998?
The banks are more levered up now than they were three years ago, so that magnitude of collapse wouldn't just threaten to wipe them out - they'd be craters. If such a drop does occur, bank holidays will be guaranteed along with major distracting events - war, for instance.
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cypherdoc (OP)
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May 01, 2012, 03:38:18 AM |
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perhaps he lets the stock market collapse 54% and 57% like he did back in 2000 and 2008-9? or perhaps as much as the housing market has collapsed? aren't we back to prices in 1998?
The banks are more levered up now than they were three years ago, so that magnitude of collapse wouldn't just threaten to wipe them out - they'd be craters. If such a drop does occur, bank holidays will be guaranteed along with major distracting events - war, for instance. precisely.
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