SkRRJyTC
Legendary
 Offline
Activity: 1008
Merit: 1000
|
 |
May 31, 2012, 02:21:04 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it..  What was the value of the volume the was dumped? |
|
|
|
|
|
|
|
|
|
|
|
"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 02:31:43 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it.. well, me for one. i put on a huge GLD short at $152.17  yes, you can put that one in the record too. |
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 03:42:46 PM |
|
shorted it again! geez, down boy down!
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 03:51:01 PM |
|
just in case you're wondering if i'm insane:  |
|
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
May 31, 2012, 04:06:28 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it.. well, me for one. i put on a huge GLD short at $152.17 yes, you can put that one in the record too. recorded! You might regret this one  |
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 04:07:30 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it.. well, me for one. i put on a huge GLD short at $152.17 yes, you can put that one in the record too. recorded! You might regret this one the way you cherry pick starting dates, i had to memorialize it! btw, BITCOIN UP! |
|
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
May 31, 2012, 04:10:21 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it.. well, me for one. i put on a huge GLD short at $152.17 yes, you can put that one in the record too. recorded! You might regret this one the way you cherry pick starting dates, i had to memorialize it! btw, BITCOIN UP! I know its nice . BTC to 1000!!! arrr |
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 04:19:32 PM |
|
I really for the life of me can't understand how such price jumps or drops are possible. I mean WTF, who would be so stupid to just dump their assets and crash the price like that? I don't get it.. well, me for one. i put on a huge GLD short at $152.17 yes, you can put that one in the record too. recorded! You might regret this one the way you cherry pick starting dates, i had to memorialize it! btw, BITCOIN UP! I know its nice . BTC to 1000!!! arrr not too late to swap out that gold and silver... |
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
May 31, 2012, 04:44:23 PM |
|
not too late to swap out that gold and silver...
Nor to late to swap out that BTC, for that matter. For my part, I got my ratios how I wanted them back in the $2-$3/BTC range and have had zero inclination to change it one way or another. I'm drawing ever closer to having that the wad of USD fall from the sky, and still hoping for a buying opportunity in PMs since that is where I'll store the value. I'd probably do some BTC as well, but it's such a risky hassle to transfer between USD and BTC these days, and one has to hand over so much private info to flaky exchange services that it's just not worth it. I expect that going forward I'll do mainly large face-to-face transactions if/when I can set them up (and, of course, have a desire to do so.) |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 04:52:52 PM |
|
SLV short @ $27.25
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 04:54:48 PM |
|
Bitcoin Booyah!
|
|
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
May 31, 2012, 05:04:52 PM |
|
I'd probably do some BTC as well, but it's such a risky hassle to transfer between USD and BTC these days, and one has to hand over so much private info to flaky exchange services that it's just not worth it. I expect that going forward I'll do mainly large face-to-face transactions if/when I can set them up (and, of course, have a desire to do so.)
This is why I used fiat to buy mining gear, you get bitcoin without having to go thru an exchange. Plus its kinda fun |
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
May 31, 2012, 06:03:01 PM |
|
The Euro is down almost 2% from a week ago; the dollar is up about 1%; the Australian dollar is even; gold is even. If the dollar were all that and a bag o' chips, the Aussie and gold would be down with the Euro. Instead, this is a game being fought among fiat currencies to distract from the fact that they are collectively losing the war against gold.
I was several months early in expecting this to happen. Sorry cypherdoc, this time you lose. At least you're playing with GLD so you can stack paper. Too bad you're missing the boat on physical.
Last day of the month. Shenanigans are to be expected. Greek elections in mid-June may provide a cover story for a "solution" that will supposedly save the day and shift the focus elsewhere, probably back to the US and an official announcement of QE (which never stopped).
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 06:18:15 PM |
|
Sorry cypherdoc, this time you lose.
Since I first made the call here last year: "Gold: I smell a trap"Silver= -44% Gold= -19% Miners= -57% how is it that i lost? |
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
May 31, 2012, 06:23:41 PM |
|
...
Last day of the month. Shenanigans are to be expected. Greek elections in mid-June may provide a cover story for a "solution" that will supposedly save the day and shift the focus elsewhere, probably back to the US and an official announcement of QE (which never stopped).
I'm thinking that the US will prop up the EU even more blatantly than they already have, at least until near the election. Probably be more transparent about it as well. This would have the combine and much desired effect of keeping the status quo limping along rather than imploding during the election cycle, and also dropping the USDX. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
May 31, 2012, 06:26:15 PM |
|
Sorry cypherdoc, this time you lose.
Since I first made the call here last year: "Gold: I smell a trap"Silver= -44% Gold= -19% Miners= -57% ... Um...and BTC? And again, 'smelling a trap' at that time was about as impressive as 'smelling a turd' at a sewage treatment facility. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 31, 2012, 06:29:26 PM
Last edit: May 31, 2012, 07:25:27 PM by cypherdoc |
|
Sorry cypherdoc, this time you lose.
Since I first made the call here last year: "Gold: I smell a trap"Silver= -44% Gold= -19% Miners= -57% ... Um...and BTC? And again, 'smelling a trap' at that time was about as impressive as 'smelling a turd' at a sewage treatment facility. you underestimate how hard it is to call a top. many others here understand that. the bullishness was at an extreme. everyone was saying we were going to break $2000 and once we did it would go to $ 2400 $35,000 easy. read that thread. if everyone could see it, why was i getting all sorts of hate? |
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
|
|
May 31, 2012, 07:50:24 PM |
|
And again, 'smelling a trap' at that time was about as impressive as 'smelling a turd' at a sewage treatment facility. you underestimate how hard it is to call a top. many others here understand that. the bullishness was at an extreme. everyone was saying we were going to break $2000 and once we did it would go to $ 2400 $35,000 easy. read that thread. if everyone could see it, why was i getting all sorts of hate? I stayed away from that thread (and pathetically, making PM purchases) when you posted it for a reason. I cannot speak for those who did not anticipate a possible correction at that time. Even now I cannot say that we don't have further to go with the correction, but I personally feel that we are likely pretty close to the end of it. I am quite certain that this is not the peak of the bull market in PM's insofar as people wanting to be sitting on physical is not nearly to the point that we'll see. How, exactly, the further increase in 'value' will be expressed I am less sure of because I anticipate the strong possibility of entering uncharted waters...or at least waters where the charts have been severely damaged by the revenges of time. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
the joint
Legendary
Offline
Activity: 1834
Merit: 1020
|
|
May 31, 2012, 08:00:32 PM |
|
Sorry cypherdoc, this time you lose.
Since I first made the call here last year: "Gold: I smell a trap"Silver= -44% Gold= -19% Miners= -57% ... Um...and BTC? And again, 'smelling a trap' at that time was about as impressive as 'smelling a turd' at a sewage treatment facility. you underestimate how hard it is to call a top. many others here understand that. the bullishness was at an extreme. everyone was saying we were going to break $2000 and once we did it would go to $ 2400 $35,000 easy. read that thread. if everyone could see it, why was i getting all sorts of hate? Hi, I'm back. Again, the key ingredient is a time frame. It's hard to call a top given a specific time frame. It's easy to call a top and then claim you were correct at any moment when the price drops below a given price point. When you extend the gold charts back a decade, there is absolutely nothing to suggest that a top has ever been reached. There is also absolutely nothing to suggest that those who were claiming that $2000 and beyond will be broken were wrong. Given a period of 10 years, a 19% decline in value over the course of one year is not some game changing event when you consider the 800% increase that occurred over those 10 years. Let's say that tomorrow, in the course of one day, gold suddenly dropped to $500/oz. I'm sure at this point you would be tooting your horn and making sure we all heard it. Then, let's say that next year at some point, gold increased to $2500/oz. Did you successfully call the top before the drop to $500? Or were you just horribly horribly correct in the short term and horribly horribly wrong long-term? Again, without a specific time-frame (many months to years is not specific) then it's really just a pissing match. I'd be much more interested if you were to give finite predictions and a specific time frame (e.g. "gold will be $1400 around November 2012," or something like that). Saying "gold is gonna go down at some point between many months and many years from now" is like saying it will rain this month. Similarly, did I call the "bottom" when I bought at $1528? Hell, it's been almost 2 weeks since then! |
|
|
|
|
|
Poll
