Quote from: Zarathustra on June 16, 2015, 09:25:22 AM

Quote from: TPTB_need_war on June 16, 2015, 08:41:19 AM

Quote from: marcus_of_augustus on June 16, 2015, 02:45:11 AM

check out of the gold collapse

I told you all upthread there would likely be a bounce this June in both gold and BTC but the final lows are still coming.

I continue (via Armstrong) to predict every price move. Yet I (and he) get no acknowledgement.

What a shame! The feet of the prophets are to be kissed!

He is still pissed off because I don't buy into his "we are going back to cavemen" theory of economics.

Quote from: TPTB_need_war on June 16, 2015, 12:04:29 PM

Careful. Notice those rises are getting smaller, so expect to break $250, yet still expect to break down again to lower lows < $155.

Why? Because it is not yet time for the bottom. Remember private assets won't be ready for prime time until after Oct 2015 according to Armstrong's model.

There will be a massive surge into safe haven assets as Greece defaults or exits. Initially this will drive up gold (and thus Bitcoin), but as the liquidity contagion ignites as of October, then people have to sell their most liquid assets, e.g. gold. This is what happened in 2007-2008, where silver made a high at $21 in early 2008, then dumped into the shitter < $9. It is slightly different now because silver peaked in 2011 and has already declined significantly. So we are just looking for the final capitulation.

Quote from: TPTB_need_war on June 16, 2015, 12:32:08 PM

Quote from: Thanasis on June 01, 2015, 03:00:59 PM

Draw a line from along the bottom of the start of the rally back in Oct 2013 (starting on the bottom of the candlestick below the X in EXANTE and through the bottom of the tiny pink or the green candlestick at the end of Sept last before the big rise) with the recent bounce to $300ish hugging the bottom of the line, i.e. we had broken down below that long-term trend line and thus it has become resistance. We could rise back up to that long-term trend line which is approximately $320ish right now and rising.

If we break significantly above that (e.g. $400), then the bottom is behind us and the long-term trend line becomes support.

Edit: we are now in the negative emotions paradigm below the trend line; whereas since Oct 2013, we had been in the positive emotions paradigm until we broke down through the long-term trend line at the end of 2014 (when oil collapsed). Emotions won't shift that quickly, there will need to be capitulation and some fundamental change in the markets. So the rally now is a trap for those who hope against their purchases > $400.

Quote from: klee on June 16, 2015, 12:56:53 PM