25 replies to this topic

[SemiBizz]

Happy Holidays to all...

Tuesday's Gold Forecast:

"Engineered Short-Term Bottom". Classic early morning washout down to 1225 on no volume and then a thrust off the low on stronger volume as gold rocketed back to 1252. So a close over 1251 was the benchmark is what we said in our earlier forecasts is what we needed to prove gold can rally and we are trading at 1252 here - and now we need to see gold maintain 1251 to give us an upside target of 1282. Short term any close under 1251 negates the bounce and opens pandora's box to the downside to test the 1225 low today and probably more - and the sign of strength we saw today will be filed as a "headfake".

Edited by SemiBizz, 25 November 2013 - 04:51 PM.

[AChartist]

The piece I bought is now $22 less than I paid, I realize it is hours off the lowest low and all that/ this is a piece does price with spot but other coins and bullion are not moving down at all. All this fretting about nothing. I just want to buy consistently in lows areas over time, incrementally. I just don't have any more money and will have to wait for more cycle lows which could be a long time, I have money but other projects are in order.

[dougie]

Thanks
If 1282 is taken back, how high can she go?

Happy Holidays to all...

Tuesday's Gold Forecast:

"Engineered Short-Term Bottom". Classic early morning washout down to 1225 on no volume and then a thrust off the low on stronger volume as gold rocketed back to 1252. So a close over 1251 was the benchmark is what we said in our earlier forecasts is what we needed to prove gold can rally and we are trading at 1252 here - and now we need to see gold maintain 1251 to give us an upside target of 1282. Short term any close under 1251 negates the bounce and opens pandora's box to the downside to test the 1225 low today and probably more - and the sign of strength we saw today will be filed as a "headfake".

[AChartist]

I hope that is a launch this AM putting my two recent purchases positive, its coming a couple weeks late of my cycle, not that unusual and makes it better, is bitcoin the emancipation of gold from NY paper? Well NY isn't open yet to naked short some paper.

[SemiBizz]

Volume needs to pick up, but the most important thing here is price, it needs to hold 1251... then they can build on it on Sunday Night on light volume... I suspect they will and then on Monday when volume rolls in, we'll find out if it is distribution or accumulation holding it down right here.... As for Bit(ch) Coin - typical of the frothy stuff we see on these holidays.

[AChartist]

I reran the weekly cycles, there is some development. I'm not sanguine about next year after April. Nothing happened different in the last two weeks that is not expected within a confidence interval of calculated cycles. There is good potential up. However, I would worry after 6-8 weeks, Jan 10 to 24 should be peaking. This potential up looks like 1350+. Then another peak should occur in April which may be against a larger decline by then. The next decline could be a slow grind, puts would not work for a hedge, on time decay, 2x bear etfs may not work either on time decay, slow grind through next year after April. I will have to hedge 50% of my physical with a 1x bear fund through next year, which I can do within the 401k. Maybe very short term puts can be used Jan 31 peak and one more again April 11.

[AChartist]

Semi, I listened to C. High talk about the origination of bitcoin. It seem that these are mined by algorithms searching for a finite combination of prime numbers, that is it? There is something behind this, like illuminous ones bringing in their single currency, which takes americans down to chinese foxcon slave level? Anyone have an info what the hell is going on? So if that is what it is, it may be what eventually sets the price of gold, the tangible that bitcoin is exchanged into? If it is the nwo currency that replaces all other fiats, do we want some, or even one, or just the gold. See they cannot do gold, small countries with all the gold will be attacked by everyone. Big countries with no gold will do that attacking. They can all have bitcoin and exchange it for gold, it is the price discovery for gold? Sort of curious they publicized it on tv, of all the planetary events they cover up on tv, why did they want Bitcoin news out?

Edited by AChartist, 30 November 2013 - 09:23 PM.

[SemiBizz]

You might find this of interest...

ASICs for Bitcoin Mining!

Edited by SemiBizz, 30 November 2013 - 10:10 PM.

[Rogerdodger]

FWIW, here is a gold seasonality chart 1974 to 2003:

"There is something behind this, like illuminous ones bringing in their single currency, which takes americans down..."

There may be a well intentioned purpose behind this, besides just bringing Americans down to equality with Chinese factory workers.
Since WWII, the "illuminous ones" have been a pushing to bring all sovereignties to equality (down to their knees) and thus eliminate the reasons for war. Good luck with that. Seeing the UN's impotence, I have my doubts.
Germany was just too strong. The EURO is part of that 80 year old, ever evolving, equality plan.

In America a similar effort has been to devalue the US dollar and increase the value of the Canadian and Mexican currencies so that eventually the North American Union will have it's currency, the AMERO.
That's the big reason why North American Free Trade and amnesty for illegals have been rammed down our throats by the "illuminous ones."
See: The North American Monetary Union

See: The Monnet Plan
On 5 August, 1943 Monnet declared to the Committee:
"There will be no peace in Europe, if the states are reconstituted on the basis of national sovereignty... The countries of Europe are too small to guarantee their peoples the necessary prosperity and social development. The European states must constitute themselves into a federation..."

See: High Authority
"Through the consolidation of basic production and the institution of a new High Authority, whose decisions will bind France, Germany and the other countries that join, this proposal represents the first concrete step towards a European federation, imperative for the preservation of peace."

But the BITCOIN may become the latest arrow in their quiver.

Bitcoin news:
'Bitcoin' becoming a bit too big; regulators scramble for norms LINK
"Hardly three years into existence, Bitcoin has already become the world's most expensive currency with a per unit value of over $1,000."

The three-mile long British crown dependency has been working on plans to issue physical Bitcoins in partnership with the UK’s Royal Mint since the summer, according to documents seen by the Financial Times. LINK

From Treasure To Trash: Man Tosses Out Bitcoin Wallet On Hard Drive Worth $9 Million LINK

Edited by Rogerdodger, 01 December 2013 - 12:16 PM.

[dougie]

:Mining is a very compute intensive process by design so the number of new Bitcoins generated is manageable, secure, and somewhat tamper-resistant" Oh that gives me about as much confidence as Greenspan/Bernanke/Yellen and the might buck...