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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032248 times)
cypherdoc (OP)
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June 15, 2012, 03:30:23 PM
 #2081

I'm considering selling some oil stock and buying one or two juinor silver miners atm..  

Any thoughts??  Grin Wink

I thought about it and went ahead and pulled the trigger.

Since Cypher disclosed his 152 GLD short (btw did you cover yet cypher?)

I bought GPL at 1.97 today.  You can record this one. (for better or worser) Wink

Now if Ben can just back me up next week..

no i didn't.  in fact, i've added shorts to RGLD, SLW, GG, ZSL, DZZ and SLV since that time several of which have gone positive since i put them on. Grin
cypherdoc (OP)
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June 15, 2012, 03:31:24 PM
 #2082



Now if Ben can just back me up next week..

like i said, what an investment thesis! Smiley
silverbox
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June 15, 2012, 03:31:55 PM
 #2083

I'm considering selling some oil stock and buying one or two juinor silver miners atm..  

Any thoughts??  Grin Wink

I thought about it and went ahead and pulled the trigger.

Since Cypher disclosed his 152 GLD short (btw did you cover yet cypher?)

I bought GPL at 1.97 today.  You can record this one. (for better or worser) Wink

Now if Ben can just back me up next week..

no i didn't.  in fact, i've added shorts to RGLD, SLW, GG, ZSL, DZZ and SLV since that time several of which have gone positive since i put them on. Grin

Wow, well I'm betting the other way, so I can't say I hope that works out for you Wink
jojo69
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June 15, 2012, 03:32:29 PM
 #2084

hey, Bennie boy hasn't failed me yet

 Wink

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
miscreanity
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June 15, 2012, 03:43:08 PM
 #2085

Now if Ben can just back me up next week..
like i said, what an investment thesis! Smiley

Gold is rising regardless; B-Boy just adds fuel to the fire.

You might not have noticed, but everything is building pressure against the dollar. The efforts made to prop up US junk are exhausted and this weekend will be used as cover to let markets flow the way they want. It's like fishing - when the line seems too taught and about to break, you give slack. Always with as much control as possible. I hope you're using tight stops.

Might as well back up the truck, silverbox - it's going to be a fun ride Smiley
cypherdoc (OP)
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June 15, 2012, 03:43:19 PM
 #2086

 Grin

cypherdoc (OP)
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June 15, 2012, 03:45:38 PM
 #2087

Bitcoin just hit $6 baby! Cheesy
cypherdoc (OP)
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June 15, 2012, 03:47:16 PM
 #2088

The Silverbox Update:

Bitcoin:  +11%

Gold:  -4%

Woot!
silverbox
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June 15, 2012, 03:54:52 PM
 #2089

You forgot the part about how gold didn't collapse and how your in the red on your GLD short.

It is nice to see BTC hit 6 again.  When BTC hits 30 thu, then it will really be UP Wink.

Lets see some new alltime highs in BTC Wink

I'm tired of BTC being down here in the mud after the collapse from 30.
miscreanity
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June 15, 2012, 03:59:10 PM
 #2090

Grin

The range has been narrowing, and in a curved pattern far more likely to form a cup than a drop-off. Volume is staring you in the face as well. Thanks for giving us your money! Smiley

cypherdoc (OP)
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June 15, 2012, 04:05:49 PM
 #2091

oops!
cypherdoc (OP)
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June 15, 2012, 04:14:03 PM
 #2092

Gold down, Bitcoin UP.
cypherdoc (OP)
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June 15, 2012, 04:22:55 PM
 #2093

i've lost my connection to mtgoxlive.  must be alot of ppl scrambling to get in.
Hexadecibel
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June 15, 2012, 04:27:06 PM
 #2094

i've lost my connection to mtgoxlive.  must be alot of ppl scrambling to get in.

www.btccharts.com is best charts.
waspoza
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June 15, 2012, 04:27:56 PM
 #2095

i've lost my connection to mtgoxlive.  must be alot of ppl scrambling to get in.

www.btccharts.com is best charts.

Yup, this one is working.
cypherdoc (OP)
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June 15, 2012, 04:35:06 PM
 #2096

Bitcoin: +12%

Gold: -4%
notme
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June 15, 2012, 04:37:45 PM
 #2097

Grin

The range has been narrowing, and in a curved pattern far more likely to form a cup than a drop-off. Volume is staring you in the face as well. Thanks for giving us your money! Smiley



Way to ignore the "outliers" that happen to be high volume on downdrafts.  Roll Eyes

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
molecular
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June 15, 2012, 04:42:35 PM
 #2098

Bitcoin: +12%

Gold: -4%

hey cypher, you've been complaining that people shouldn't take your prediction so damn short-termly... so if things turn around again mid-term, you'll look bad again and then you can't say "relax, this was a long-term outlook" that easily any more, because you will have been bragging on tiny fluctiations yourself with updates every second hour Wink.

I, for myself, wont call this anytime before 2013.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
miscreanity
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June 15, 2012, 04:46:20 PM
 #2099

Way to ignore the "outliers" that happen to be high volume on downdrafts.  Roll Eyes

The spikes are statistically insignificant in terms of the sample size; there is more than enough data to show that the trend in volume is down as price declines.

This is similar to 'luck' with regard to mining. We don't get too excited about finding two blocks in rapid succession because statistically they average out.
miscreanity
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June 15, 2012, 04:49:33 PM
 #2100

Bitcoin: +12%
Bitcoin today: up

Gold: -4%
Gold today: flat

FTFY

hey cypher, you've been complaining that people shouldn't take your prediction so damn short-termly... so if things turn around again mid-term, you'll look bad again and then you can't say "relax, this was a long-term outlook" that easily any more, because you will have been bragging on tiny fluctiations yourself with updates every second hour Wink.

I, for myself, wont call this anytime before 2013.

And to think I've been ripped on for looking at monthly, yearly, and even longer-term trends...
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