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Author Topic: Gold collapsing. Bitcoin UP.  (Read 354025 times)
cypherdoc
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May 03, 2012, 04:51:01 PM
 #921

Bout as signifcant as where I'm having lunch today..



Its done quite well for me, decent food, makes me money..

yes, but you're not invested in that one.  

you're in gold/silver stocks, gold and silver  Wink

Actually I am invested in it.

well then, get ready for the plunge. Smiley
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cypherdoc
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May 03, 2012, 05:06:28 PM
 #922

i know we must be close, right?

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May 03, 2012, 05:09:12 PM
 #923

Down goes silver.
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May 03, 2012, 05:15:09 PM
 #924

the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

It happens gradually then all at once.

it makes you wonder; how fast can computers read an earnings report and digest its implications?  

i say they don't; the stock price was propped up from the beginning by HFT's and it was time to pull the plug.

Manufactured volatility. Need I say more?

As for the miners, they've been perpetually weighed on by algos in the same manner that Apple, et al. have been propped up. Why would a snap back from highs be any different than a snap back from lows?

It's misdirection - look over here at Apple and buy that while I go over here and scoop up quality real assets and miners. A typical wealth accumulation game.

miscreanity, you know i know you really well.  tell me you're not buying puts on gold and silver like mad right now.  you know you're making it worse...
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May 03, 2012, 05:41:11 PM
 #925

u say silver goes under 30 once and for all

even after 2013. under 30 ?
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May 03, 2012, 05:46:46 PM
 #926

u say silver goes under 30 once and for all

even after 2013. under 30 ?

Hells yeah!!  Cyphers target is like 400 for gold and 5 for silver!!!

It'll happen!!
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May 03, 2012, 06:21:52 PM
 #927

u say silver goes under 30 once and for all

even after 2013. under 30 ?

Hells yeah!!  Cyphers target is like 400 for gold and 5 for silver!!!

It'll happen!!

In my world, Silver is looking bearish... but not bearish enough to break the massive support at $20 per oz...

Ill be buying at $24
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May 03, 2012, 06:25:46 PM
 #928

u say silver goes under 30 once and for all

even after 2013. under 30 ?

Hells yeah!!  Cyphers target is like 400 for gold and 5 for silver!!!

It'll happen!!

In my world, Silver is looking bearish... but not bearish enough to break the massive support at $20 per oz...

Ill be buying at $24

Isn't 5 cheaper then 24?? Wink
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May 03, 2012, 06:46:12 PM
 #929

u say silver goes under 30 once and for all

even after 2013. under 30 ?

Hells yeah!!  Cyphers target is like 400 for gold and 5 for silver!!!

It'll happen!!

In my world, Silver is looking bearish... but not bearish enough to break the massive support at $20 per oz...

Ill be buying at $24

Isn't 5 cheaper then 24?? Wink

and you'd still be bullish!  its gonna come back, its gonna come back.... Wink

or you'd throw up a 10 yr bar chart!!!  do they even make those?
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May 03, 2012, 06:49:40 PM
 #930

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May 03, 2012, 06:51:42 PM
 #931

Down goes silver.

Under $30?  I blinked and missed it.  Oh well, I wasn't in buying mode anyway.  I would dearly love it if your predictions for lower PM prices came to pass in the coming weeks as my mode may be switching.

Just for fun, I'll go on record with a couple of photosynthesis/theories.

 1) Mining shares are among the most heavily _naked_ shorted these days.  Probably ETF's as well.  Since it serves various powerful interests to depress the fiat price of PMs, there is next to no possibility that these crimes will analyzed (except to further facilitate them.)  I predict that if/when the share prices explode, very few people will actually see a monetary reward unless they are either very well connected or thinking very independently and orthogonaly about how to capitalize.

 2) A component of the high frequency trading which is endemic at present exist to provide a mechanism by which mountains of naked shorted paper are hidden in plain site.  The mechanism would be similar to trying to keep track of bowling pins handled by a large team of very talented juggling artists.

 3) The main purpose of the MF Global 'fiasco' was to establish in case law certain surprising principles which had been codified into written into the books over the preceding decade about who shoulders what losses in the event of a collapse.

#2 is one of the few hypothesis that I believe is completely my own invention.  #3 may be, but I'm not so sure.

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May 03, 2012, 09:51:03 PM
 #932

miscreanity, you know i know you really well.  tell me you're not buying puts on gold and silver like mad right now.  you know you're making it worse...

Well enough Smiley

But, I'm not. Last year, I stated that I would probably not be in traditional markets at all after that cycle's conclusion. We're now past the apogee of that cycle, yet there has been a tremendous effort to prevent it from oscillating back naturally. I'd taken a small loss because the time-frame was stretched. Even if I were to make a fully realized paper profit, there is too much potential for it to become inaccessible because of other circumstances, a la MF Global. That's in addition to the devaluation risk, which could heavily negate any profits if I'm prevented from moving funds effectively.

In light of the above, I decided in February that any and all assets exposed to western finance would be at too great a risk. Only a token amount is in play now, and just in extremely liquid currency markets. The long AUD/USD, long EUR/AUD trade was a very nice 12-hour payday, not to mention the interest spread before AUD/USD was stopped out. I now have a short EUR/USD, short USD/CHF trade in play and am expecting the former to approach 1.25 before I close that out and increase the latter.

As for gold and silver, physical is still everything. Gold below $1,000 was left behind a long time ago, and the same is happening with $1,650. If you don't have physical metal, this is the last chance at these prices before they're never seen again in present-day fiat terms.

The rules are being changed. TF Metals outlines the situation nicely, in particular: "I think this is all a big setup. However, this time, it's an opposite setup to what we're used to."

Other than gold & silver (for the foreseeable future) - Bitcoin, Bitcoin, Bitcoin.

1) Mining shares are among the most heavily _naked_ shorted these days.  Probably ETF's as well.  Since it serves various powerful interests to depress the fiat price of PMs, there is next to no possibility that these crimes will analyzed (except to further facilitate them.)  I predict that if/when the share prices explode, very few people will actually see a monetary reward unless they are either very well connected or thinking very independently and orthogonaly about how to capitalize.

 2) A component of the high frequency trading which is endemic at present exist to provide a mechanism by which mountains of naked shorted paper are hidden in plain site.  The mechanism would be similar to trying to keep track of bowling pins handled by a large team of very talented juggling artists.

 3) The main purpose of the MF Global 'fiasco' was to establish in case law certain surprising principles which had been codified into written into the books over the preceding decade about who shoulders what losses in the event of a collapse.

#2 is one of the few hypothesis that I believe is completely my own invention.  #3 may be, but I'm not so sure.

Dead-on with all three, the first especially so. It's why owning physical metal is so important. For shares, Mr. Sinclair has warned multiple times that owners should register their holdings as book entries with the respective company's transfer agent so that your ownership is recorded in more than one place (i.e. the broker). Rehypothecation would at least be mitigated to an extent because proof of ownership is not dependent just on your word against the street name holding. Anyone who might have done this would either be a priority concern over all other claimants in the MF Global fiasco, or have already had 100% asset return.

For #2, there's no need to even hide anymore. Awareness of how the markets work today is so far beyond most investors' ken that the only thing that matters is the price chart. Unlike the savvy individuals in this thread and the professional investment/trading community, most have no clue how volume or psychology relate to markets. Many engage in wilful ignorance of the underlying dynamics, remaining limited only to what they've been trained in. On top of that, the velocity that you point out makes it hard for even pros to keep up with events.

The way I look at #3, case law was related but had less to do with MFG than the response of capital; a vast majority of investment wealth likely didn't respond at all, meaning owners have been reasonably conditioned into complacency regarding such events.

Imagine finding some of your money missing from your wallet every morning. Some thief in the night came along and took it. Fast forward a bit and the thief walks into your home and lifts the cash right in front of you, but you're so used to it you think it's normal, or are so busy you can't make the effort to stop it. A conditioned response, no-win for the rightful owner and win-win for the thief.

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May 04, 2012, 10:23:39 AM
 #933

Down goes silver.

Under $30?  I blinked and missed it. 


check again.

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miscreanity
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May 04, 2012, 01:03:08 PM
 #934

Down goes silver.

Under $30?  I blinked and missed it. 


check again.

Missed again...

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cypherdoc
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May 04, 2012, 01:56:41 PM
 #935


we're comin' for ya'.
cypherdoc
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May 04, 2012, 01:58:04 PM
 #936

Down goes Panera Bread!  Wink
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May 04, 2012, 01:59:43 PM
 #937

Charge!!!!!!!!!



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May 04, 2012, 02:02:37 PM
 #938

This is probably the funniest thing I've seen in a long time.  Not in Labor Force CATAPULTS itself off the Feds charts!  The real # is 88,419,000!  And this it the all knowing Fed that you expect to be able to CONTROL the economy?

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May 04, 2012, 02:22:02 PM
 #939

That chart is just another reason why we will see QE3 and a rise in PM prices..
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May 04, 2012, 02:30:37 PM
 #940

That chart is just another reason why we will see QE3 and a rise in PM prices..

do u not believe that things in life and nature cycle?  how about breathing?  is it one continuous inhale?
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