Loading ...My three top stocks are BIT COINS …+20%,18% ,8.23 %
Smells like bullschitt to me.
Here’s the time of the day where everything comes roaring back except pm’s
Unreal
Goldie – thanks. I’m surprised I haven’t dropped dead already. I definitely belong in a padded room after all these years of pm’s
R640 – B.S it is. USD doesn’t matter. Rates ticking back up. I guess that’s the reason for today’s misery.
SM sells off on huge volume, pm’s sell off on avg. volume at best
so weird…as long as $ denominated assets are crashing the $ rallies-now that there is stability the $ gives back the gains…there’s a pat explanation for this-they used in in 2008…but it is B.S.
Don’t wreck you health over it.I don’t have that much confidence in it right now. Showed a HS pattern late last night. Best we can do is hope for sideways right now.
Now heard they want to try to REGULATE Bitcoin. Like they regulate everything else to flow in their pockets out of yours?
I saw some guy can’t remember his name before the the Bitcoin carnage who said bit coin next could go as low at 600 then as high as 50,000. He didn’t give a time frame. That is if they don’t regulate it I’m guessing.
If the effing USD gives up all its gains and pm’s don’t come back with a vengeance I’m going to blow an aorta
Use a 5 min Au chart and since $ 1344 tdy, it is droping at a constant 45 degree angle…real mkts don’t do that.
Ciao
Re Fox
You’ve got a strong stomach….even my wife thinks the Bloomberg people talk shiite !!!!!
Hopefully all this Volatility will kill the Correllation Algo’s, as as of now NEM is trading tick for tick with the S&P, no doubt tks to 18 yr old quant’s Algo’s.
But no one has yet to point out the fatal flaw in Bitcon. Yes, when the price to produce goes below the cost people are going to unplug their banks of computers and wait out the drought. As of Monday the 5th of February Coindesk shows a low of $6583.56 for Bitcon. Coindesk shows a high of $19,343.04 on December 16th for a decline of 66%.
So far.
The map from MarketWatch shows a cost of production of $7,059 in Hawaii, $6,951 for Connecticut and $6,674 for Massachusetts so anyone mining in those states is shutting down.
But there is a fatal flaw that I’m pretty sure no one has pointed out yet. The math for the blockchain requires people to mine Bitcon. When people stop mining, the value plunges. And when the price drops below the cost of production everywhere your Bitcon is going to have all the value of a slightly used Fax machine or a wonderful Beanie Baby. (MIBNSH)
This is a pattern-[big drops Fri & Mon & turn around tuesday]- that has been seen in the past–PROBABLY this is a short term correction —long drawn out bear mkts decline stealthily…gradually…
why are we surprised with gold-?? we know gold never rallies in response to a crisis…at least not for more than a day or 2 then gives it all back…sustained gold rallies “just start” for no “reason”…and end the same way…maybe it will be different this time
ON Fox Biz news’ Stuey Varney’s program they have been crowing and gloating about golds non-performance all morning….gold is in a state of suspended animation for now…at least it’s not crashing like in 2008.
so they have turned the SM Rig Algo’s back on.
Stand back folks this is gonna explode up…..Gold will held here…damage done.
Jersey, Channel Islands (FSCwire) – The mining industry’s unique ability to function as a primary driver of economic growth in Africa will be impaired or even destroyed unless mining companies and their host countries work together to address the existential challenges it faces, Randgold Resources chief executive Mark Bristow said today.
Speaking at the Mining Indaba, Bristow said while the industry was at least to some extent dealing with the consequences of its recent excesses, the same could not be said of some of its host governments in Africa, who seemingly expect their revenue streams from mining to continue at supercycle strength and are re-writing the rules to make sure that they harvest more from less.
“How will hard-pressed companies, still struggling to recover, cope with these demands?” he asked. “By high-grading more and investing less, and that is not good for anyone, let alone the future generations of our great continent.”
cont. https://ceo.ca/@fscwire/african-mining-at-crossroads-warns-bristow
Maddog – enjoy the day, I feel your anger
deer79 – agree. Unless China or Russia backs their fiat with gold, it’s hard to see this ever changing. For me, I don’t trust that China and Russia aren’t part of the NWO crowd.
Brought the DOW back to positive in 12 minutes from 500 down, question is whether they can hold it positive.
Play of the morning was to short the VIX – UVXY has gone from 34 premarket to 16 right now. Amazing
Definitely not a “sea of red” in everything pm, just not exactly protecting our wealth. 🙂
Long day ahead
That not even $billions of losses in short volatility plays can rattle these manipulated “markets.” The depth to the interwoven nature of control and manipulation is exponential. IMHO, it’s why a “sonic boom” of some sort of external event (like the Russians and Chinese completely using a new Gold backed currency) to end this fallacy.
as u say v depressing.
They may well ram the SM back tdy…..and Gold which was capped all day ystdy, falls off a cliff.
I’m going out, before I kill something/someone….good luck.
With gold down the PM shares are mixed instead of all down. No sea of red to look at …
I remember that the day after the 87 crash I bought a bunch of Dome Mines and did real well in the next few months.
The bombastic billionaire made his comments following the brutal murder of 18-year-old Pamela Mastropietro by Nigerian migrant drug dealer Innocent Oseghal last week.
Yep. Pretty depressing.
Does look like they’ll bring the SM back today too.
So many alternatives to pm’s, so much manipulation. They are definitely removing gold from the Western psyche and the East just plays along.
smacks it down so it dosent have to raise interest rates ,,,,it also gives Credibility to the FED s new Chair ..
makes it look like they know what they are doing ..?
